Indianapolis Times, Indianapolis, Marion County, 10 September 1936 — Page 10

"question.

Writer Is Surprised by U. S. Embargo Protest.

BY JOHN T. FLYNN

EW YORK, Sept. 10.—When modern war begins, oil very quickly makes its appearance as an international irritant, Now oil makes its bow in the Spanish trouble, with the United States playing a role difficult to understand. Adjoining Spanish Morocco is French Morocco. There is oil there and there are large oil bases there. France has issued an order forbidding all shipments - of oil out of French Morocco to Spanish Morocco. This has caused trouble " because Spanish Morocco is in control of the rebels. Mr. Flynn But no ban has been put upon Moroccan shipments of oil to Spain itself, which 5 in control of the Loyalist But operating in a large ay in _ Prench Morocco are several American companies — Socony Vacuum ~ (Standard Oil of New York) and the Atlantic Refining Co., another Stanard | Oil unit. ©° These companies are, of course, subject to the laws of French Morocco and, along with French companies, are thus prevented from shipping oil to rebel-controlled Spanish Morocco.

un n

nine rrance has acted wisely or not is another France has been a leader in urging other European countries to adopt strict neutrality so far as the shipment of arms to Spain is concerned. By now seeming to he favorable to the Loyalists by keeping oil away from the territory controlled by the reb-. els, she puts herself in a position to be accused by other European powers of not observing strict neutrality herself. But whether France is behaving wisely or in good faith, there can be no doubt of her right to regulate the traffic in oil from her ports or those of’ the Moroccan colonies which she controls. And there can be no doubt that all companies operating -in that country are bound by her regulations. ~ Therefore, a good deal of surprise has been occasioned here by the feport of a protest by the United States government to France against this order. The protest is made in behalf of the ~ American oil companies.

2 © =»

JROBABLY Italy or England or Germany might well protest to France because ‘of the multilateral -agreement these countries made about arms neutrality. But we are no party ta that agreement and have no standing on that ground. It will be recalled that during the Italo-Ethiopian war oil was held not to be included in the “ferm munitions. THerefore this government did nothing to curtail shipments of oil in that case. Now . for reasons best known to herself, France applies to all oil companies —French as well as foreign—an - embargo on shipments to a neighboring colony in Africa belonging to Spain. It is difficult to under‘stand on what basis the United States can edge itself into that situation in support of American oil companies. * The incident illustrates a familiar warning which is heard in trade circles that in event of war anywhere in the world, the government that wants to keep. out of the fracas would do well to keep a watchful eye upon oil. (Copyright, 1936, NEA Service. Inc.)

Local Securities

dianapolis Bond and Share Corp.) ® re quotations do not repregent actual bids or offerings, but ay indicate the approximate market Ileve based on buying and selling inquiries cr recent transactions. BONDS

tz Ind Tel (T H) 42s "61... & Tel & Tel Ft W 53s '44 ....104 H Tel & Tel Ft W 65 '43 _....103 Indpls Railway Inc 5c 67 87 Interstate Tel & Tet 53s 53. Kokomo Water Works 5s '58 .. Morris 5 & 10 Stores 5s '50 ...100 Muncie Water Works 5s '65 .. Noblesville H L & P 6'as i 02 Ohio Tel Serve i 31

104 105 106 7

0 101%

3 TH Water] Works 5s '56 T H Water Works 5s "49 Trac Terminal Co 5s 'S Indpls Water Co 3l:s8 STOCKS

AB BC Brewing Co com Belt Rail'S Y com Belt Rail S Y ped 8s .

1% 7 b Serv of Ind 6s © 81! 2 grthern Ind Pub ery pid’ 7s 87 2 Prog Laundry Co ¢ 149 Pub Serv of Ind pt Pub Serv of Ind p uth Ind Gas & Pec. pid 8s. Ho Ee ‘a 6 oT pete 0 68 4.oviiniian *Ex-Divide

[New Bond Issues

(By Lyons & Co.)

pid 5 E h Ind hy Serv pid 5ias.

2 E Elec us "86. .

0 West In » s cane Un Station 3 15. 10478 Ba actor 3 ge . Soh ilwav 4s ’ Invest Tr 3'2e '51 .. River Pr D Ay 3s 6 slidated 2s 35 51 hy Pkg Jas : hy Pkg 4s '50.. n Rum Boston 3s 65.

Na tural gas 5s ° Lighting 42s 45 10% Gas Li fie 8 & ke 5s '81 Sik Te ‘

4s ‘68 104 1..... 104%

THURSDAY, SEPTEMBER 10, 1936

at $11,781,318 tor, compared with 320,000

units valued at $5,402,000 in 19383,

Washington Census Bureau.

according to the

0. M.C. REPORTS RECORD SALES FOR 8 MONTHS

Total to U. S. Dealers and Consumers Establishes New . Peak.

| Times Special NEW YORK, Sept. 10. —General | | Motors Corp. today reported total | | auto sales to consumers and deal-! | ers in the United States during the | eight months of the current year fat a new high. Sales to dealers in the United States, Canada -and abroad attained the highest peak! since 1929, it was stated. Sales for this period totaled 1,496,804 units, compared with | 1,181,030 units in the corresponding |

| eight-month period a year ago, the | largest figure for any similar period

the report said. August sales aggregated 121,943! units, against 204,693 in the preceding month and 124,680 as the 1935 comparative. The sharp decline was due to closing down of | factories for changing over to new { models, the report said.

August Sales Decline

Dealer sales for August totaled 99,755 units, against 177,436 units in the preceding month and 103.098 iin the like month last year. Con- | solidated sales to dealers for the first eight months of the year | amounted to 1,225485 units, which | | represented a 32 per cent advance { over the 1935 corresponding total, | according to the to the report.

STEEL INDUSTRY ABVANCING FAST’

| Two Corporations Announce | Immediate Plans for Plant Expansions.

CHICAGO, Sept. 10.—The steel | industry, entering its fall season | with prospects for high demand showing at-a favorable outlook, was { moving this week to increase its | steel ingot capacity for the first | time since 1929, according to re- | ports from heads of the leading | steel corporations today.

| | Times Special | {

i | Corp. today announced contracting | for a new blast furnace in Cleve- { land, the first ordered since 1928. | The United States Steel Corp. ! today made public the rebuilding of six open hearth furnaces in its { subsidiary, the National Tube Co. - { Ernest T. Weir, president of the National Steel Co., announced that four new open hearths are being | built at the Ecorse (Mich.) plant of its subsidiary, the Great Lakes Steel Co. 3 The furnaces being built for the National Tube Co. are 90-ton capa- | Boo Two of the new furnaces at Ecorse were in operatio esterday, and the completion of ‘the other | two is expected within the next 10 | days, Mr. Weir stated. >

‘NEWARK AIRPORT B BUSY

| Times Special NEWARK, N. J, Sept. 10—Exceeding all records since 1930, the Newark airport registered pronounced gains "in passenger, mail | and express traffic for the first six months of 1936.

| | | {

Fruits and Vegetables

(Quotations below subject to change, are average wholesale prices being offered to buyers by local commission dealers.) FRUITS —Pears—Michigan Bartletts, box, 2 Bananas—Selected, 1b., 43c. Apples_— 0.

1 Maiden Blush, a 75; Duchess, 2'2 in... $1.50; N. 'Y. Duchess (combination), $1.25. 50 ons — Sunkist, 360s, $8.50. Limes—Mexican, carton, 12s 2212¢: Persian seedless, 2 100, $2.50. Peaches—Elbertas, 2 in., -._ $3. Plums— Ital, prunes, 16-l1b. lug. ide Grapes—Seedless. 28-1b. crate, $1.75. MELONS—Cantaloupes Honey cks, 1.2 Tops, $1]25, av., 60c.

— Home-grown, home-grown, Tip

br 5: 'Watermelons—Missouri, 30-1b.

VEGETABLES—Beans—Round stringless, bu., $2.; Beets—Home-grown, doz. 35c. Carrots—Ohio, doz., 45c. Caulifiower—12s. crate, . $1.50. Celery—Michi an Mammoth, washed and trimmed, doz.. 60c. Cucumbers —Indiana, bu., $1.50. Corn—Home-grown, doz., 25¢c. Kale—Home- -grown, | Lettuce— Iceberg. California. leaf, home-grown, pers—Mangoes. peck basket, . Mint—Doz.. 50c. Onions— Northern vellow, 50-lb. bag. $1.10. Parsley—Home-, mown. S0Z., 40c. Peas—Western Tel., hamper, $2.50, _Feas—Eastern Cobblers, 100-10 bag. $2. 80. Sweet otatoes—Eastern Jerseys. bu. $1.65. . Radishes—Ohio white, 2-doz. baskets, aac. oS Re Doz. 45¢. Turnips — New bulk 1.50. Tomatoes—Homegrown, 10- Ib by 40c. ——

(By United Press)

{tg 8

since the 1,529,431 units sold in 1929,! 8

M T Executives of the Republic Steel. Mo Pac

CHICAGO, Sept. 10.—Apples—Duchess, Michigan, bu., 75c@8$1.40, Sweet Potatoes— Louisiana Porta Ricans, $1.75. Carrots— Illinois, bunches, 1!2@2%c. Cabbage—Wisconsin, ' 75-1b. crates, [email protected]. Spinach— Michi bu., 50@75¢c. Tomatoes—Michigan Climax, basket, 40@65¢. Cauliflower— Colorado, crates, 0c asl. 10. Peas—Idaho, bu. hampers, [email protected].. Celery—Michigan, square crates, 45@50c. Onion market (50ib.. sacks): Yellows—Illinois, 50@75¢: Indiana, 50@75¢; Michigan, 50@70c. Whites —Michigan. [email protected]; Indiana, [email protected].

Produce Markets

(The prices quoted are pald for stock gathered in the country, while delivered in Indianapgqlis the price is & cent higher.) Heavy breed hens . and over, 16c; under 5 Ibs. se: Leghorn breed hens, ilc; colored springers, 1l!z lbs. and over, 13c; Leghorn springers, 113 Ibs. and over, llc; old ducks, white, 5 Ibs. and up, Sc; geese, full feathered, ail sizes, 4c: all guineas, 1!2 Ibs. and up, 15¢; old cocks. 8¢; No. 1 strictly fresh eggs, loss off 23%. Each full case must weigh 55 Ibs. gross, a deduction of 33 5 a ound under 55 lbs. will be de. No ] Sutter, 38@39¢c; No. 2 35@36c. Butterat,

an,

+ (By United Press)

CHICAGO. Sept. 10. — Eggs — Market, firm; receipts. 8088: fresh graded firsts, 25'2¢; extra firsts, 286c: Birtles. 2lc; current reecipts, 2 5¢: cheeks, Butter—Market, steady; I ips. ‘88s; extra firsts (90-9114 score), 3 ex- : firsts, 233k;

tras 92 score). specials. x BE de oultry Market, firm: ro iDis. 45 trucks: 1 car: geese, 1215¢: ducks, 11% 18¢; spring chickens, 16% 320¢: hens, 13@ 19%2¢; turkeys, 166 19¢: broilers. 152 @17¢; Leghorn hens, 11@14c; old rooster ers, 13c. “heese—Twins, ists ec; daisies, 17@ 19%%e; longhorns, 19e19 Potatoes—Supply. Bart. demand, fair: market. steady to weak: a Russet Burbanks. $2853: U. S. No. 2. 2.15@ 2.30; Idaho Bliss Triumphs, $2.60; Calorade Bliss Triumphs, Saki Raneas Cobblers, $2.35: New A a C lors. 32 Wisconsin Cobblers, $1.808 1.95;

sqarrivals, 85: on track, 37; meg

| i

New York Stock Exchony Prices

(By Thomson & McKin Oils

Houston Dew). . Mid Cont Pet..

Ohio Oi 13 Phillips Pet .... 4 Plymouth Oil Pure Oi. vas Seaboard Oil .... Shell Un

! Texas bd .e Tidewater (Assn... Un Oil of Cal.... Steeis— Acme Steel Am Roll Mills. Beth Steel

Crue Ste

Mid S Natl Steel Otis Steel . Rep Iron & Steel 341 2 Reb 1 & Stl pf 308% ES aoe & Fd 38

US Sen ‘pid. . “199 Warren Bros ... 87 Warren Pipe-Fdy 28% Youngstown 8-T 84'a

Motors—

Graham Mot . Hudson .. Mack Truck

Studebaker Yellow Truck

Motor Access— Bendix

Borg Warner

Briggs : Budd Mig Bug Wheel Eaton Mfg

Greyhound Houdaille

Stew Warner ... Timken Roll .... 64 Timken Det Axle Mining— Alaska Jun ..,., 15 Am Metals ,.... Am Smelt ... Anaconda Cal & Hecla .... Gt Nor Ore .... Howe Sound

Kennecott Cop .. McIntyre Mine .. Park Utah Phelps Dodge ... , Joe Lead .... S Smelters ... Vanadium Amusements— Loews Inc . Radio . Corp Paramount RKO

Warner Pros ... Tobaccos—

| Am Tobacco Gen Cigars Lorillar

B. 191

Roan Tob ‘B’ Ban

Rails— Atchison 82° « 343% 26 . 129 . 67%

: 3 Gt Northern pid Ill Central .. 28

K C Sou Lehigh alley. jon & Nash.

Union Pac .. West Maryland. . Equipments— Am Brake Fay.

Am Steel Fdy.. Bald loco ......

r Br.... 44%, Westingh Elec .. Utilities—

Am & For Pwr Am Power & A & T Am Wat Wks... Col Gas & Elec. . Com & Sou.... Consol Gas .... Eiec Pwr & Lit. . Int Hydro Elec..Interboro R T.. Int T&T ave] Lou G & E ‘A’ .. Nat Pwr & Lit.. North Amer .... Pac G & E Peoples Gas .... Pub Serv N J, | Std Gas Stone & yebster Juiteq gon as Un Gas Im _ 18 Ut Pwr & Tt “a Western Union..

Rubbers—

Firestone . 28 Goodrich 24% Goodyear 25%, USR 322 U S Rubber pid. 6% Miscelalneous—

Allis Chalmers . 56% Am Mach & Fdy 23% Anchor Cap .... 19% Brklyn Man Tr. 541, Burroughs Add.. 27% J I Case 5 17% Caterpillar Tract 73% Crown Cork .... 80% Curtis Pub . Deere & Co .... Gillette Glidden =. Int Bus Mach. Inter Harv

Caw 0% Natl Cash Reg .

25%

Noo! High. Low. N.Y.

non)

Investment Trusts (By Thomas D. Sheerin & Co.)

Administered Fund 2nd Affiliated Fund, Inc. . American Business Shares...

Broad Street Investing “wane i- 333

Bullock Fund, Ltd. Century. Shares Trust Corp. AA or Acc. Corp AA or Acc. (Unmod.). Corp. Trust Shs. (Orig.).... Diversified Trustee Shs. “B”. Diversified Trustee Shs. “C". Diversified Trustee Shs. “D".. Dividend Shares, Inc. General Investors Trust Incorporated Investors ..... *Investors Fuhd Amer, Market Street Invest. *Maryland Pund

Mutual Nation-Wide Voting North American Tr. Shs. 1955 North American Tr. Sh 1956 North Amer. Tr. 8hs. (Qrig.) Quasiery Income as, .. elected Amer. Shares. Inc. Selected Amer. Shares {Orle.) Selected Cumulative Shares. Selected Income Shares ..... State Street Invest. Corp.. Supervised She. Inc. (Dela.) Trustee Am. B ation Trustee Std. on Shas. ‘AA’. Trustee Std. Oil Shs. “B”. United Standard Oilfunds.. *Ex-Dividend.

Unlisted Stocks.

{By Biyth & Co.)

1 _ NEW YORK STOCKS

ET EE

Bankers Trust Sita Hanover ......

es Continental .....co.0ns0vsnnes *Guaranty Irving Manufacturers ......... National City .... “ First National Boston National Shawmut FIRE INSURANCE

Aetna Fire Insurance ... American Ins of Newark Baltimore American City of New York Franklin Pire ....... Federal Insurance Great American In Hanover Fire

Sera emsE LRN nTe.

National LADETLY coscersncnsases North RIVEr .....ronsssnvasse Thoenlx Ca sxaansenendnnnra ns U 8 Plre

crassa enaanne

Westchester Fire ssasassssasss 39

. a 28.2 Investment PFund....

(134% + 147%

. 49%

Asked

2 af 4

1 1

Bid 71%

47% TVs

3611: 16%

87 57%

Allied Stores ...

Kresge 8 8S Kroger Groce .... Macy R H McCrory St

Marshall D

: high. (Copyright

Grt Northern *“G” 4s '46 Gret Northern “H” 4s '46.. Gret Northern 4ibs 77 . Gen Stl Cast WW 5s 49... Hud & Ill Cent III Cent Jt 4%2s 63 II! s '63

Nickel Plate 4lss Nickel Plate 58 4

N Y Cent Cony 6s

: | Ka pases MRSFAtions, 4 teragions, $1 00,

20% 31%

Underwood Worth'ton Pmp.

Foods—

Am Sugar .....: Armour . Beatrice Cream. Borden Prod.. Cal Packing ... Can Dry G Ale.

6 Cuban Am Sugar Gen Baking .... Gen Foods ..... 3

1 8 Porto Ric Sug Std Brands .... Un Biscuit .... Ward Bak “B’..

Retail Stores—

Assd Dry Goods. Gimbel Bros.... Gm Un Tea....

McLellan St .... 1

3 Sears Roebuck.. 87Y 86%

N. Y. Bonds

(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Average Equals 100)

Ago 1936 High 1936 Low ‘eis

*Ne

1936, by Standard Statistics) U. S. GOVERNMENT BONDS

Treasurys . - Prev. 1044-54... ci vvivionnis 114.7 1940-43 . , 1941-43 1943-45 . 1941-43 .

1955-60 Home Owners Loan ol 1942-44 . 1949 . 1952

Federal Farm Mortgage Corp. 1953

DOMESTIC

(Alleg Corp 5s '44 Alleg Corp 5s '49 Am Frgn Pow 5s 2030 Am Te

Atl Ps Line 41,5 ‘64 Atch Top & 8 Fe 4%4s 48 ... Am Warr Wks 6s '75 Am Rolling Mills, 47,5 "45 .aive Balt & Shio 63 '5 000

Chi Milw &

Chi Mil Cleve NEA Cleve U

Col Gas 5s May '52 .......... Col Gas 3s April "59°. Col Gas 5s 10

Chi & Nor West 43s '49 . Con Gas 4Y%s '51 ., .. Chesa Corp 5s ’47

87 11914 10714 10434

Manhat Ref 5s '57.. Ys '66

Cent

N Y Cent 5s N Y Cent 4s 2013

Penn P & Postal Tel & 3 '53 Rem Rand ¥ W 4Vss ’56 Shell Union Oil 32s 5 « Sou Pac 4'2s ’68-.. Sou Pac 45s ’'81 . Sou Pac 4s '49 .. Sou Rail 4s '56 ... Sou Rail 6s '56 ...... Sou Rail 6's '56 ..... Texas Pac 5s

cexsansnennes 19% United Drug 88 '53 ........... U 8S Rubber 5s 47 ..... NY NH & Hart 6s '48 NY NH & Hart 4125 '67 ...... Warner Bros 6s '39 Western Mary 5%s '77 Western Union 5s ’60 Youngstown S & T 4s '61 Youngstown 8 & T 3!'%s '51... FOREIGN Argentina A 6s "57 Australia 4'2s ’56 Denmark 42s ’55 ...... French 7s 41 .... German 5l2s ‘65 German 7s '49 Italy 7s ’51

47 Tokio City 512s ’61

Building Permits

a. D. Gray, Kentucky -av and Hardingst, electrical, $100. Chase Dayies Stores, 3406 N. Illinois-st,

elesirical $250 Hilgemeier Bros. Packing Co., City Market, electrical, $100. Silver Fleet Trucking Co., Senate-av and Merrill-st, electrical, $400. Hoosier Wrecking Co., 3068 Virginia- -avy, wrecking, $100. Mrs. Bessie Williams, 420 N. Bancroft-st, L furnace, $180 Stewart Milligan, 44 8. .Bolton-av, reroof, $250. RE J. Koester, 527 Terrace-av, stoker, e A. Seigler, 3925 Central-av, stoker, Esther 3

1627 N. Alabama-st, stoker, $285 Clinton D. Hardy,

6111 Crittenden-av, stoker, $249,

Sara E. Henzie, 19001 N. New Jersey-st, stoker, $362. Ada B. Clark, 4176 Carroliton-av, stoker,

Houghtalen, 5237 Oarroliton-av, Miller. 4247 College- -av, stoker, ; Art Fox Jr., 3641 Washington-bivd, boil$600.

"Builders’ Finance Corp., 2151 College-av, boiler. $450. Capitol Wrecking Co., 1326 N. West-st, wise ing. $50. Lena Pothast, 3524 E. 10th-st, garage,

2 g A B. Mittern, 2403 Oxford-st, alteraons, Siop. 'E. Porter, 6120 Haverford-av, garage, John Sarkisian, 3310 Northwestern-av, repairs, J. P. Albaugh, 2351 N. New Jersey-st, addition, $400. Red Gables, 1610 Lafayette-rd, bofler,

ae Inabonit, 2207 W. Morris-st, garage. give Banks, 941 Fayette-st, addition, Indianapolis Public School No. 83. 1501

CH stoker. $24

. 2755 Napoleon-st, al-

LI «= [EEE Cen

gn Ty hem, lo inere ollections, 0 Bo Lote Seri

| Reesipts., 718

1: ypeWiiien :

0.03 Merchants Bank Butlin

Woolworth Aviation— Aviation Corp .. 5% irefy 21

Boeing A 5 Curtiss Wri ht.

55%

AY vis nitd Aircft New 3 Chemicals—

Air Reduction

oo TY Com Solvents

. 18%

Liquid Carb .... Monsanto Chem. Natl Dis

983% .-20% . 464% 8

Va Drugs— Bristol 1 Myers “es i AL

46 5 18% «72% 15%

Un Drug (new). hem 461%

Vick Chem Financial—

Adams Exp .. Allegheny Corp. . Am Int Corp.. Chesa Corp .... Transamerica... Tr Contl Corp..

Building—

Am Radiator .. Int Cement

1314 43,

12 81; 133 97%

. 22%

Household—

Col Pal Peet.. Congoleum .... Kelvinator .... Servel Inc

Textiles—

Amer Woolen. Belding Hem .., Celanese Corp .. Collins Aikman. Gotham Hose .. Indus! Rayon..

2215 5615 115%; 673%, 2774 99%

15% 34 21 251% 39%

8 14% 267% - 5634 97% 32%

Chicago 8 Stocks

(By Atkins, Hamill & Gates)

Noon. Advance Aluminum sssesensnan Asbestos Mfg Bastian: Flessing cesvsenen.s 1134

Boot! Brothers seseesees 117% Cities Service sen 4p Commonwealth Edison .. eeas. 107Y4 Consolidated Biscuit .......... 11 Cord sesetasane Dixie Vortex Cup . Economical Dru Electric Household ........... General Household ... Godchaux Sugar “A” Great Lakes Dredge . Jarvis Mf Lincoln rinting ..... Noblitt-Sparks ...... Schwitzer-Cummins gundstrand

enith New York Curb

id Atkins, Hamill & Gates) 1P. M. N.Y,

of America ves.1323, “pr . 33% 431, 9s 2g

5 13% 17%

ssessserenee

Aluminum Co id

sesscsnnes

Am Superpower Ark Natural Gas “A” Atlas Corp .......... Catlin Corp .....54.. uu. Carrier Corp csesnine Creole Petroleum COD cesses Crocker-Wheeler Elec Bond & Share .......... Fisk Rubber . Ford Motors Canada ar . Glen Alden (1) . Greenfield Tap & Die Corp ... Gulf Oil Corp of Penn Humble Oil & Refining Co.. International Vitamin ..... Irving Air Chute... ......: Lake Shore Mines Long Island Lightin Molybdenum Corp o Mueller Brass Natl Bellas Hess Inc .... Niagara Hudson Pwr Pennroad Corp Boot Petroleum ws Regis Paper Co . ne Suit Creek RY dtars Assn oes Segal Lock .. seieney Sunray .....ceevreccees Sonotone Spencer Stores . tesaanase Sterchi Brothers Stores ......

Stutz Motors . Technicolor INC «...vvevvneses. 20%

sees essere

"esses anss

Prev. Close.

Money and Exchange

INDIANAPOLIS STATEMENT

Clearings . teinnn foessesnnaneinsss.$2,049 000 Debits ...:..... riens vessseaseas 1,351,000

TREASURY STATEMENT (By [United Press) WASHINGTON, Sept.

10.—Government

expenses and Teteipty for the current fis-

cal year to Sept. year ago:

This Yea Expenses $ 1, 161, 515. 161. 38 $1, a 373. ,472,108.85 656,847, 750,525. 195,569.20 1,446,886,

1018.948.86 9,212,203 74, HA 208. 07 74.504.

FALL ADVERTISING

Deficit..

Customs. .

8, as compared with a

952. 18 782. 170.10 509.35

285.27 646.05

CAMPAIGN PLANNED

Times Special

CHICAGO, Sept. 10.—Executives

of Brown-Forman Distillery

Co.

today announced plans for én

aggressive newspaper

advertising

campaign during the fall months

in an effort to continue

its

upward sales volume trend. Sales to date this year advanced 100 per cent over the similar 1935 period,

executives reported. Stockholders of the company

sub-

scribed to virtually all of the 80,000 shares of common stock recently offered for subscription through rights, Owsley Brown, president, reported. Of the total shares offered only 142 were left to be absorbed by

the underwriters’ syndicate.

The

issue was underwritten by Hallgarten

& Co, and Ww. L. Lyons & Co, reported.

Stein Brothers & Boyce,

was

Chicago Grain Futures

(By James E. Sy & Co.) ‘ - D:45 M.

Wheat— Rizh Sept. ..... 11

May 8% | (a) Asked. (b) Bid.

Prey. Close 1.11% 1.10% 1.09

1.10%

109%, Fewer Parts

in the EN Calculator

W. R. GINGA

FRIDEN CALCULATING MACHINE Agency

HOG PRICES UP 10 CENTS AFTER ACTIVE BUYING

Cattle, Calf Market Steady;

Demand Is Good for Lambs.

Hog prices turned upward again at the Indianapolis Union Stockyards today, weights between 160 and 300 pounds selling 5 to mostly 10 cents higher on an active market. Prices ranged from $11 to $11.35 on the 180 to 260-pound weights, packing sows and underweights were steady, light sows bringing $9.50 to $10, and medium and heavy sows ranging from $8.50 to $9.50. Hog receipts totaled 3000, with 352 holdovers. The market was fully steady on steers and yearlings, with choice steers bringing $9.85, and the bulk fed steers ranging from $8.50 to $9.50. The market was active and unevenly higher on slaughter and she stock, top heifers selling for $9.25, the bulk ranging from $7° to $8.50. Beef cows varied from $4.25 to $5, cutter\grades ranging from $3.25 to $4. Cattle receipts were 1000. Calf Market Steady

The bulk of 700 calves, with the market steady, ranged from $9.50 to $10. Lambs were steady, the bulk better grade ewes and wether lambs selling for $9 to $10. Slaughter sheep were steady, fat ewes ranging from $2.50 to $3.25, top $3.50. Receipts were 1000. Heavy hogs, weights between 260 and 300 pounds, sold for $10.70 to $11.10, while lighter weights between 100 and 180 pounds ranged down from $11.15 for the heavier of the weights to $9 to $9.55 for 100 to 130pound hogs. There was no depend - able market on weights above 300 pounds.

HOGS

Sept. Receipts. 2. 4000

Fra ° Swag a RNIN Pt et ph Ph fh fh fg St bi i Et a

9. 10. Light Lights — (140-160) good and

Lightuetghts-160-180) Good nd .

ediu BL (180-200) Good and . . 10. 40@11. 15 Medium we rain

(200-220) Good and . [email protected] (220-250) Good and . [email protected]

Hea yyweitht Good 197001120

- = 2 3 18

(250-290) (290-350) Ciood Packing Sow (275-350) Good “eve i -425) Good .

( . (275-450) Medium ....... Slaughter Pigs— (100-140) Good and Medium

and and

. =—Receipts, 1 (550-900) Good

2 2POSnR LS

~SNoouNOD ono oD

or ®o NOD O00 POO OONOOOODO OD

0039995858988

C (900-1100) G

C (1100-1300)

oovuo POCONO OD OM

M (1300-1500) G

©®o Hoo

(550-750) G

Common, medlum Good and choice. Common, medium.!

(750-900)

99a N0J00

cesses

Common and medium ner Low cutter and cutter ..

Bulls, good . Cutter, com. and med. bulk... Vealers

=Hestins, 700— 8

9. et By Cull and Sommon “eB, 7. 5.

3S Dd

Phen

S Son camo wm

235m Liauk a8 «300-3

> 9 88d

0 00

—

(250- 500) Good a Thotee. .$ Common. medium. Feeder and Stocker Cattle

(500-800) Com. and choice. .$ 6 and medium. : 4

=o ovo ow 8383 oo OOD

50 00 00

Com, (800-1050) Sood and choice.. Com, and medium.

Good ................... earn $ Common and medium . « SHEEP AND LAMBS —Receipts, 1000—

CHOICES i....ceiruvinseena. 3.50 G00... ier rai i, Medium ...................: Common snnashesrsratnseries

(90-1 170) Good and cholce.. and medjum.

wows Sood SI Nv Oho SN S838

23 09 ©8998 dn

Lambs— 10.00 9.50 9.00 6.50 2.000 3. 1.25@ 2.

# Con a {Sheen and neh quotations on clipp

Other Livestock.

(By Uiited Press)

00 00 ba ed

CHICAGO, Sept. 0.—Hogs—Receipts, 9000, including 2500 dit ies market slow, about Steady wh rooine 5a early strength; SOPs: 1.40; 180-250 lbs., [email protected]; ‘250. 200 'bs., $10.65 calves, receipts,

@11.15; best cows, $10.1 Cattle—Receipts, 7500; $1000; all grade yearling and yearling type steers steady; market, active; choice medium weights and weighty steers, steady; middle grades weak to 15¢ lower; phne guality ess desirable; top, $10.25: bulk of t steer crop, $9 upward: Zrassers being in meager supply at $7.50 wn to $6.50; stockers and feeders slow, steady: better grades, [email protected]; all heifers other she stock steady;- bulls Weak and vealers, 25 @>50c higher at $9@10 Sheep—Receipts, 13, 000; fat lambs opening slow; around 25¢ lower than Wednesday's close; §ood to choice natives, $9.50 @9.75, few choi®e to small killers, $9.85, best held higher; as yet nothin range lambs; sheep steady; Joe

ng lambs strong to shade higher; top, $

FORT WAYNE, d., Sept. Market, 5@10¢c hi 180- 1bs., $10.

In 10. =Ti0gs er; ’160- $80 Ibs., '200

: 140-1 1bs 140 1bs., $9.50: 120-130 Ibs. 0. 25; 1bs., $9; Toughs, 3 $8.50 stags, $7.

Calves, $10. Lambs

LOCAL CASH MARKET City grain elevators are paying $1.04 for No. 1 red wheat. Other grades on their merits. Cash corn, new No. 3 yellow, $1.03; oats, 36c. Hay—No: 1 timothy, $14. 50@15: No.1 clover [email protected]; No. 1 alfalfa, first cutting, $14.50@15; second cutting, $16@17.

NIGHT HIGH SCHOOL

For Men and Women Classes Now Forming

2 ¥. MC. A. .., Evening Schools

. Illinois St.

Merchants Bank Bldg : : Fort

WE BUY—SELL—QUOTE

Indiana Real Estate Preferred Stocks Real Estate Mortgage Bonds

T. P. BURKE COMPANY : INCORPORATED

-$6.50@7;

Busigraphs

STOCKS OF RAW MATERIALS ON HAND

(U. 5. DEPT. OF commERcE)

" $

INDEX FIGURES

i JUNE EACH YEAR|]

1930 1931 1932 1933 1934 1935 B36

THE. PARKER CORR GENERAL DISTRIBUTORS _INCORPORATED INVESTORS

Since 1932 the trend, of stocks of raw materials on hand has been steadily downward. During the last year stocks dropped 10% per cent. Supplies of raw food stuffs, however, increased just slightly over a year ago, while stocks of metals and

textile materials declined.

Both stocks of manufactured goods and raw materials are smaller than for several years. This means that our recent production activity has not piled up surpluses of goods. Such a healthy condition is just cause for optimism.

EXPECT PROFITS T0 SET RECORD

Axle Company’s ’36 Earnings May Exceed High Net Income.

Times Special DETROIT, Sept. 10.—Appreciable expansion of 1936 earnings and the contractual status on next year’s automobiles lead Timken-Detroit Axle Co. officials to believe profits for the current year will exceed the 1929 level. Net income for six months ended June 30 amounted to 84 cents a common share, compared with 31 cents for the like 1935 period. The company is rehabilitating and modernizing a building long idle at Waukegan, Ill, where it is to establish a plant to manufacture tractor axles. A subsidiary, Timken Silent. Automatic Co., is the largest manufacturer of oil burners in the country, also making steam heating systems, water heaters and humidification appliances. Competition in the oil burner field, however, is intense, and profitable operation, officials believe, depends largely on volume of business, but stimulus is being derived from the upturn in residential building.

{MARMON CO. HEARING IS SET FOR SEPT, 25

Hearing on the modified . reorganization plan of the Marmon

Motor Car Co. is to be in Federal court Sept. 25. The plan, proposed by creditors, provides for the con--veyance of title to all of the company’s property to three trustees, who are to issue certificates of beneficial interest to creditors. The plan provides for full payment to creditors, plus interest of six per cent anually from effective date of the plan before any distribution is made to stockholders. When, and if, creditors’ claims are satisfied, cash balances remaining in the hands of trustees are to be distributed to stockholders: The plan has been found “fair and equitable” by the special master in the proceeding, and his report is to be considered at the court hearing.

Other Livestock

(By United Bess)

LAFAYETT Sieatty to 10c 11.20; 235-260 Ibs.

, Ind., Sept arket, igher; 210-335 ta a 10 $10.8 10.95; 260-2 1bs., $10. Bal, rs: 190- 2% 1 0. a5; 190-200 lbs., 90@11; 170- 190 1bs., $10.50 @10.80; 1362190 959 ., [email protected]; 100-150 lbs. [email protected]; rou hs, steady, $9. 25; calves, $9.50; lambs, $9.50. (By Times Special) LOUISVILLE, Sept, 10. — Cattle — Receipts, 500; market, rather slow; steady to weak trade in slaughter classes of cattle; spots, lower on "few light, medium heifers; better grades scarce; few loads and lots medium grass steers ‘and heifers, plain off colored and cuttery sorts downward to $4; Rows: scarce; butcher sorts largely $4. 35@ 75; low cutters and cutters, $3@4; odd ae. $5 down. Calves Rece ipts. 300; supply, rather light; trade again fairly active aa steady to strong bulk better grades, $9@10; prac-

tical top, 5: Receipts, 650, including 148 direct; some pra sales steady: bulk better grade 200-250 be 11; some sellers sill skin Sking higher prices. eceipts, : fat He ook to 25c lower: better shades largely around $9.25; few choice, $9.50 Receipts, Wednesday —Cattle, $78; calves, 916. ipments, ; hogs,

0gs — lambs open-

0gs, 970; shee or Wednesday— Cattle. 195; calves, 1 164; sheep, 730.

MINING PROFIT GAINS Times Special NEW YORK, ‘Sept. 10—Alaska Juneau Mining Corp. today reported profit of $291,100 for August, before charges, against profit of 193,000 in the like month last year.

INDIANA LAW SCHOOL

School and one Law School.) DAY AND EVENING CLASSES

3d Floor State Life Bldg., Indianapolis. RI. 2890,

CAUSES BEHIND 600D BUSINESS OUTLOOK LISTED

Level Since 1930, Prediction.

By Scrippa-Howard Newspaper Alliance WASHINGTON, Sept. 10.—The magazine Business Week, which predicts that “industry will surge to the highest level since 1930 (maybe 1929), lists 12 reasons for the bright prospects: 1.~¥fomentum of recovery—line of least resistance still decisively upe ward.

2. Inventories generally low, need replenishment. 3. Money is easy and plentiful. 4. Secondary and tertiary effects of veterans’ bonus should be felt in manufacturing and capital goods industries.

5. Work starts on new automos bile models in September and Oc tober. 6. Stock market and increased ade vertising appropriations reflect gene eral confidence.

| T. Higher factory pay rolls and higher dividend disbursements are augmenting consumer purchasing power. 8. Federal spending—though it does not balance the budget, it does put money in circulation.

9. Utility and railroad equipment buying due in volume; 10. Building contracts awarded mounting. 11. Prices, generally firm to strong, produce buying atmosphere, rouse interest in enlarging inventories.

12. Foreign affairs—world- trade expansion more than counterbale ances unsettled condition in Eue rope.

Negative Points Listed

Under the heading “Minus Signs* Business Week lists five points: 1. Drought—Farm income, though higher this year than last, will be distributed poorly. 2. Revenue Act of 1936 may ree strict new construction as corporae tions try to cling to cash.

3. Unemployment still a drag, but diminishing, 4. Labor—Threats of strikes in steel, automobile, rubber and other industries disquieting. 5. Politics—Presidential campaigns create a psychological disturbance— though business is moving ahead so fast on its own power axis to be fairly insulated against electioneering threats, promises and mude slinging.

FREIGHT CAR ORDERS INDICATE EXPANSION

Times Special WASHINGTON, Sept. 10—The nation’s Class 1 railroads on Aug. 1 had 27,151 new freight cars on order, compared with 2174 a year ago and 13,755 in 1934, the Association of American Railroads announced today. _ ~ New locomotives on order numbered 85, of which 65 were steam and 20 were electric and Diesel, the report said. During the seven months of the current year, new freight cars placed in service totaled 74,914, compared with 2272 cars in the similar 1935 period, and 9485 in the correspond= ing period two years ago, it was reported.

NOTICE TO THE HOLDERS A INDIANAPOLIS A First Lien and Refuhding rigags Gol ge Gold Ponds, Fo Series of 192% Mos r Notice is hereby given to all holders of the above mentioned Bonds, that Indianapolis Water Company Bag £4 lled same for redemption and payment mber and has deposited "with Fideli Philadelphia Trust Company, Trustee, ti . total amount necessa ry to redeem and a premium of 5¢;,, terest to sai

of upon presentation and surren Bonds, together with . all coupons maturing on or affer 1, 1936, at the office of the sai Company, 135 South Broad Street, phia, Penns Sylvania, receive prior to said redemption ante.” principal amount of such Bonds with said premium and accrued thereon to Dec:

for.

December J930. pu accompany Bonds surrender

for 1RDIAN TANAPOLIS ATER COMPANY Y ROBERT D. BURROWS, Treasure, Dated July 31, 1938.

Now == more than ever = itpaysto get Pennsylvania Railroad safety, speed, comfort at the new low fares. 2c a mile in coaches ==3c a mile in Pullmans. For example

Coaches $370 16.25 4.95 13.40

Chicago New York St. Louis

. IY

sourest tours serve

Industry to Reach Highest

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