Indianapolis Times, Indianapolis, Marion County, 11 September 1936 — Page 31

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° Abreast of The Times on F nance ; ; ciation mao 7 Lion sujet als . : i a er cent gain over the like 1935 month when 179,918

1 units were sold and the highest August figures since . ;

| Marked Increase in| paGE 30 a ™ FRIDAY, SEPTEMBER 11, 1936 1929. © Building Points |

wneoe | INANA BANC | Noro York Stock Bxchanze Prices ALL LNESTOCK | N. Y. Bonds PRODUCE PRICES.

(Reprinted From Late Times Yesterday)

_ mee BY JOHN T. FLYNN | A } DAILY BOND INDEX = =v vig Sent. Rk DEPOSITS GAIN ; : PRICES ; STEADY (1826 Average Equals 100) STAND AT LAST : summer prepares to depart (By Thomson & McKinnon) Goodvear 247 24% ; 24% 1. wens Bottle = 142. 181 a a ve a X |

U 8 Rubber Is 31% 313% 02 20% Inds. Rails

: : sd 331 a : officially and we look back over the 0% “| U 8 Rubber pfd 75% 7413 | Worth ston Pmp .30i2 30% : : Today ...... 92.2 977x : : E ~Jdnventory of business before OVE ! Ofls— : Miscellaneous— Foods— AT L CAL MA Sosterday ve 302 53 . 98. i WEE % yy, ive s Amerada 2 90 90 14 54 57, 1 1 : 2 : ee -ee 91. oy: . 3 © launching into the active season, Atl Rfg 28%, 128 128 3h ATION Oran’ ne ap ) : Month Ago... 81.8 96.1 : = . ; = xNew High. } 40%,

the one thing which stands out as Barnsdall ... a ‘ , | Am Mach & Pdy 23% y, % - Boron Fro -: 31 ie § of Importance is the improved ac- t jn ; Erkiva Man iv. p41 Sah t 33, Cal Packing 1 dou dona ; (Copyright, 1936, by Standard Statistics) : tivity in the long slumbering con- : . 3% 9 1J 1 Case L138 158 © 158 ; Dry G, Ale. 17% 2 : : ction industry. This is the ma- Figure Now $762,205,872, 2% +e 33 : af [Soni Can ai BE NH ; : 6 e888 | Salable Supply of Steers U. S. GOVERNMENT BONDS Better Crops, Dull Trading postion of the eli-kiown Phillip 42 ONE YE... I 3 F 39% 399 : : ’ (By Abbott, Proctor & Paine) : capital goods 17 Per Cent Increase, |phussrei;-- 2, ix 4 | Deere & Go il Th Tw Taw 3 bes a8 4 and Yearlings Is Treasurys .| Reported by Market industry which | Pure Oil 17 ; ® | Eastman Kodak. 177 2 | N a2 2 5 ; 4Ys, 1947-52 ....... Sistrais 0

has had so | 5 Report Says. Sie is 2 Foster Wheeler... 2 38 3 ity 16% : ; 1 , Negligible. 4s, 1 5 «Hl : : Centers.

back to the : ; : 0... peak -years— fan increase of $113,132,931 over the | Am Roll Mills ... First Naj Stores 3 5 ; a | quotations. The salable supply of | 3s, 1946-48 weyiie . 70 | trading and few changes in price

i - > 7 2 : ! 8 1928. for in- | 1935 total, as reflected in the state- | By ‘ern ; A G is 3 « | steers and yearlings was too negligi- 2%, 1945-47 .............. 104.17 104.19 | Jevels during the latest week, ac-

stance — you [ments of all banks as of June 30, { Erafum ‘Stesi |: 3 3" . vas $ s (ble for a price range to be estab- 2%s, sassveataser. MOL 30 | cording to today's statement from find that the |1936, "according to announcement | poxCgiport Tin. 91 = of :, McCrory St 110. 184s 18 ’s | lished. 2h, 10) the United States Department of construction made by OC: B. Enlow, president of | Natl Steel ) ; ¥ | McLellan St .... 143 , . ~ Hog receipts were 4500, with a] __ Agriculture. - B. 1 P {Otis Steel ...... 18% A ? Marshall Field .: A + 18% hold-over of 161. There was an : . Jo 4s | Truck crops have improved slight

: ’ : 294 indus try (in ed : 2 48, : : Mr. Flynn the 37 states |the Indiana Bankers Association |ReD If oF a TH active market on weights from 180 1953 24 103.27|ly with heavier rainfall. Onions,

. ; ; 111s : : ; : 8% Vs Ve Te ~ for which we have figured) ac- |and president of the National City | J § Eipe & Fdy 55 . Mn * 721 Injunction Sought to Stop Es ny x EA /+ | to 250 pounds, the price, $11.05 to Federal Farm Mortgage Corp. potatoes and cabbage sold at lower

: sean 23 ; . Ff gounted for more than six-and-a- | Bank of Evansville. | 55 Steel pla. 130% $11.35, steady with yesterday. Jae nian : 23 19310 Prices than in early September.

half bill ror] Th ia a Di ati Weights from 250 to 290 Sis, 19 "Let ; half billion dollars of work. In f : led f Warren P & Fdy 29 Disposal to Satisf Lv Eo 90 pounds | 23s, 194 : hi Lettuce produced a sharp upswing ® fact for four years—1925 to 1928— S ules ere Compiled lrom | Norra: 2. P y Aviation ranged from $10.70 to $11.20; 290 to| in direct response to interruptions®

, the industry ran above the six |T°POTts and information received | wouprs ie Tax Claims. piiation op "agin : 5 5 | 300 pounds, $10.25 to $10:80: 300 .to Prev Sredfied by labor difficulties in CaliBE pillion dollar mark in those states. | from the Indiana Department of Chrysler... 5° y Curtiss wi Bt Sh A 8 6% | 350 pound weights, $9.55 to $10.70, se close | forfia producing sections. Jobbing To understand how far it fell | Financial Institutions and the Fed- | 90h M Mot... 2 : = Douglas Air .... 744 a3, | and weights above 350 pounds | Alleg Corp 5s "44 ; 4 9 prices advanced $4 to $5 a crate, “from its proud activity, we have |era] Reserve Banks of Chicago and | Bud rack. ; § | 2o.United Press Sperry corp 1 2jis ag o5'%. 8% | Drought $9.50 to $10. ts Alles Corp 55 19 4 95%) Keeping in step with Eastern lettuce, t only to look at the figures for a [st Lous. Deposits as of June 29,' Nash ........0 AUSTIN, Tex. Sept. 11.—Texas | Unitd Airc: New 2515 Z | In the lighter division, prices | Alles Corp 5s '50 * | which also advanced considerably. " few years. By 1931 it had been cut | 1935, showed a total of $649072.941 2 2 2 2 oil officials, fearing a fresh out- Chemicals— ranged from $10.50 to $11.15 on 160 | Am Fren Pow 5s 2030 ’ n ranging from $1.50 to $1.75 a small in half By 1933 it fell to $1.255.- | and were $131.6096.159 over the figure | Studebaker : 2 break of “hot” oil production in | Air Reduction .. 777% , / to 180 pound weights; $10.25 to Am Tel & Tel 5las '43 . 113% crate in New York.

5 ; cba Rey i ; : Com Alcohol 27! .| Am Tel & Tel 5s '65 111%, ? 000,000, one-fourth its 1928 level. | for June 30, 1934, which was $517.- | Yellow Truck. ... east Texas, moved today to halt sale | Col Carbon ani 3 vu 127 | 311.05 on 155 to 160 pound hogs; — . Co rl 4s '55 38% Prices of apples remained at YT 2 = = | 376,782, making the | 1936 figures | lor Access. of excess production through the | Som Solvents... 16% 16 . 318, | 89.50 to $10.50 for weights between Atl Coast Line 4s '52 % 99% | mostly last week's levels. Wealthy © FT continued to decline until last |$244,829,090 increase over the total | Bora Alin Ln, 31, 431, | Federal revenue agencies. Freeport Tex .. 25% % 24% 130 and 155 pounds, and 100 to 130 a, Coast Line 4s "64 ....... 89% | apples declined a little in western °

» year. If you look at the total |deposits of the 1934 date. | Borg Warner ... 3 Laten Stanberry, chief supervisor | Math Alkali .... 35 35 's | pounders ranged from $9 to $9.75. Atch Top & S Fe 4's '48 110%2 | Michigan, mostly to $1.15 a bushel, . reported figures of construction you

from $91,774,998 to $97,540,731. In- | Elec Auto Lite dh Tex Guit Suph: $a $2 4h: 4% ranged from $8.50 to $10.00 HR ete) Baste, Wealing ranged 1934. But that is a mere illusion. | Irom $91,774, 0 391,020,731. In-| GC sive Bor. y 3% | a hearing had been set for Sept. 18 | Union Carbide .. 97% / 97 Butcher Cattle Steady Balt & Oh tos 0% 807, . . n Eastern markets, : i id, indeed, rise |cluded in this total is [$15,675,900 of | Greyhound “B". : 56% 561 ini ; to | U S Indus Alchl 34%, / 3 Buff Roch itt 4%s 57... 887% « | While Jonathans brought $1.75 to 10 Total construction did, in : on a temporary injunction the state | ~ “oH The run of 700 cattle included Beth Steal Sina sl... 0 105°] cents higher in St. ip un bulk . a

ise was due | Reconstruction Finance capital | Houdaille 3 ’ ined’ ins Fe g ds edi 8 that year. But the rise was due | Murray Body ... '20 s obtained’ against sale by deral | Lambert 18% nine car loa of medium weight of sales were at higher price leve 2 Cleve Un Term 5s '73 07} , | than a year ago, but range was ex4

h ctivities of the | which, however, shows a decline | Timken Roli ... : 5 2s . od i 4 entirely is the BH Works. To | from the last year thtal of S15. Tooien Rofl oi ? officials of 543,000 barrels to satisfy Un Drug can 3 | and weighty steers bought to arrive government in public he | 973.175 | Mining— an income tax claim against W. E.|vick Chem 45 45 2 s|at $9.50 to $9.75. All butcher cattle | Cleve Un Term 414s '77 : Allustrate, look at these figures: 1 973,1 2 i i Alaska Jun hs © s, | Pope. Financial— : f were stead r and the bulk bett € | Col Gas 55 May '52 ) , | tremely wide, from 50 cents to $1.75 : "Total Building | : sk Y e bu eL.er | col Gas 5s ’61 ... .. 104%; «| a bushel in most markets, although = 1983 ... vee. . $1,255,000,000

Am Smelt , : ¢ Allegheny Corp. . 434 / . ; Anaconda 3 Ya. generally,” Mr, Stanberry said, Am Tot Cony .. 17 21 $9.70 to $10.00, steady with yester- | cote Fac 0s Produce shipmetils totébabogt tise : , : | Ferro Je Pasco, 04 a “ is nothing to prevent the esa Corp ..... 81 1 |day’s market -veLi . 103 Public Works and Schools i | Dome Mines... . ; , there. is ng : Transamerica: ... 13Y, ; , . = c es : : : 3333.000.000 [due from correspondent beuks eg Gt Nor Ore .... 21% Y, i; | holder of ‘hot’ oil from transferring | Tr Contl Corp.. 97% Ys 7 The bulk better grade ewe? and Chi & wes Sd Ria es 105 Jers oo in the Preceting Week Sit 2,000, the Federal Reserve Banks $245, oestake Min 3 3% D a; | it to any person against whom the | Building— wether lambs sold for $9.50 on a Sh & Sor West 3 “he. 15% ) Do gE week asi year, 729,081. It was only recently that |Ins Gopper 3 a Federal Government has a tax |Am Radiator ... 22 steady market. Slaughter sheep orp 8s the report said. Gains of more than one-fourth in potato carlots and

i i : { Int Ni dai A : s : Gen Asphalt .... 251, 3 | he Federal Reserve Board directed | Kennecott Cop.. 48 claim and having it marketed that $50 Semen ic 25% Su 5 a ne Blt Noe Sieagy iol aus 91 91; | much heavier movement of onions . | Federal Reserve member banks t0 | Rhelps Poqne:: ; Bh way. .Then, they can again fll up Libby O Is 68% 68 , ; i ts 1200. Op $3.59, Sheep Erie 5 x3 7 “4 | sweet potatoes, tomatoes and miscelgan to show an. increase. The prin- || : | St Joe Lead. .... 283; : | the pits or tanks from which that Otis Ele 21% 27Y, receipts were . Ee dS ida ny 8612 2 ’ jp 8an | of this was an im- |1ncrease their reserves by 50 reriv sd oarad il is taken and.repeat the process.’ |Ulen Cons ill. “39; “334 “33 Grt Norther S is 48 ; laneous vegetables were offset by ~ cipal cause $ 0 -rep x : ; $ further sharp decreases for melons,

. : & - icent. This ruling does not, how- | Vanadium : A + 25Y, : : Household— : ‘Grt Northern 4's '77 3, : provement in residential construc An appeal likely will be made to |, "2 "00 14% 14% 14% | Sept: : © Ton. Recelpts. | Gen Stl Cast WW 51a5 49 01 "g713 © peaches and plums. : 34 5 50

> hi | Amusements— tion. Perhaps no area of business | €Ver, apply to State Dake Yeh BE Co ss 83 ,| the United States Department of |Gongoiur, 3417 : 05@11. Hud & Manhat Ref 5s '37.... ; £1 America was more hit by the |Tonmembers of the Federal Reserve | poows” ne 6 «| the Interior to join the state in jMohawk Carpet: 231% 231, 4." 23 3 [email protected] 11.50 ) ent 4%. 66... Potato Shipments Larger © depression than home building. | System. In Indiana there are Sight | Bad ap ; protest against the Federal Revenue | Serve tng 0; 3872 4612 ‘1 : 15@11. : s "63. SL 90° 90, | We spent nearly three billion dol- State banks which are members of | RKO ht “qi Department’s course. The Interior |Simmons Bed .. 39% 381 sl 9 : : Interne) Capid Trans 5s "66 Z Winn Potato market developed 3 ; idine hop ; re | the system out of a total of 417| Warner Bros ... ’ : Textiles— [email protected] , 5 OL & Tel 40 3p 1: 33, , | Sugntly weaker tendency, but price Jars building homes in 1928 and we | of. aft 1 : : : Interntl Tel & Tel 4'%s ’39. ... 831, : : ; “fell t 248 million in 1934. ‘Almost | State chartered institutions. There| Tobaccos— Depariment enforces the Conally Amer Woolen .. 8% 8% Interntl Tel & Tel 5s '55 .... 76% declines were small. Shipments were fell to X u% LAI of : re] § Am Sum Tob.... Act under which oil produced in| Belding Hem ... 143 1434 h Internt] Tel & Tel 4155 '52.... 73, larger compared to earlier in the ‘80 per cent of our home building | are 125 national banks in the state, | 410 Tobacco ‘A’ 3 984 98, f state allo bles is barred Celanese Corp .. 27 26% } 26% Lehigh ‘Valley 4s 203 6835 673% industry disappeared | all being Federal Reserve members. Am Tob -B....100° : gX0eSS Of Stale a ows Collins Aikman.. 57% 56% 56% 573 McKess & Rob 515s '50 3%, month, or last season. Receipts from But in 1935 a flutter of life wad | from interstate’ movement. Gotham Hose 10 10 10 | Mo Kan Tex Adj 5s '67 622 623% | the upper Great Lakes region were ‘observable. "Home building dou+ [tal of $236,045,743, which is an in-|Reyn Tob -B x | | i | | |

But in 1935, private building be-

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NS Cents 2013 19974 193., | New Jersey quality. Wisconsin Cob- § § Tent 43s 201s 93 4 | blers sold at $2 a 100 pounds by the Nor Pac 33 2047 ... Cal 1 "| carlot in Chicago. Markets appeared New Orleans Tob 4s 55.0... 063, gv, | SloW and weaker in producing secOtis Steel 6s '41...)...... 0 .; 1021 tions. r Y=. 8. 104 Changes in the onion market vere oe nearly unnoticeable, but slightly downward. Midwestern yellow stock :

brought 50 to 80 cents a 50 pounds

G yvernment securities show a to { Lorillard 9 22, 2 2 Phi p M : 8 / 2 Indus Rayon ge a 32%, 3254 Natl D s a compared with 1934. It went airy 33s '51

Real Silk 13 1215 ! 33 Natl Steel 4s ’65.. rei 1088 , | entered on the Chicago trading post crease of $59,416,742 over one year| Rails— D GE LESS i Medium Welsh 2 illi ¢ i DTT, S | Atchis 8 : 82 : ° edium Weights— 478 million dollars. But this |ago and $109,577.174 over the same Atl Const Lifes 3 i CROP AMA Chicago Stocks (200-220) Good and choice. .

Nickel Plate 415s '73. 94 % | in larger quantities than was the (220-250) Good and choice..

st we al+ | period in 1934 when government se- | ar by the end of August we a I g | B Heavyweights—

dy had built more houses than | curities showed $126,468,5609. | Gan Pacific .... 12% 2 J (250-290) Good and choice. all of 1935. What the total for | General market bonds show ato- | Sf % Ohio... 67% 6: ) (By Avis. Hamill & Guten). | 230-200) Good and choles. e year will be it is difficult tg |tal of $113,309,907, which in an in-| Chi & Gt W pid. J Packing \Sowy—

at : : i iCM&StP..... : : Advan Al i = 7a . (275-350) Good ... Say. But it looks now as if it [crease from $101,596,103 in 1935, and |S M & SF Foo 1 : y : . ; Bastian Bloom ie 1473| (350-425) Good ... 12

~ S113 ii | ; . B hoff .. o 3, | © (425-480) Good ... * —. not be less than 700 million |in 1934 the general market bonds|Chi N W rs 3} : By United Press Be hot 12 113, (275-450) Medium ollars: =

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] | : { : {Chi N . , t hers | Showed a total of $82,692,637. Dela CL WASHINGTON, Sept. 11. — The | Slties Service ©0000 1 14% | stauekier = : he Medi

: ing i he | Del L Sl 207 : : ) ; ) 2 8 = The most encouraging item is the | De} Lac i 7 drought of 1936 is a national emer- Continental Steel .... : ? - in central points, and Midwestern

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2 : : : : | Eri 4 I , there is a very good pros- | Increase in loans and discounts to| gre p 31 ; gust rains tempered it . reqs 108% i ich= 150, ther ear these fig- | $228,397.630 from $208,764,773 in| Gt Northern pfd 41 *] gency bul Aligust yains emperel I Give ‘3 : R dW 3 72 311s | White onions, 90 cents to $1.15. Mich Dect. that next year these 1g- (072 total loans and discounts | I! Sentral 38 : So that it ‘won't cut as deeply into Electric Househod © 189 4 | (550-900) 08 | igan was the principal shipping area Rll be Dettered Breall ret [In 1908 mopar ay dis |B Se aie 2. 8 5 | the heart of American agriculture | General Household ° nn 2G : and the crop was of excellent tive builders have discovered that | g Fog. IM Ee Tl 8 A / 9 | as did the drought of 1934. Great Lakes Dredge : : quality y cah sell moderately priced | Total cash, due from banks and | MK & Tpfd. 30% 01a, 30% The Department of Agriculture, [Jarvis Mig ne Be HNL iin 3 Eo id or pees mot Joos than | 0) of SHRLTTe0b0, whieh 0% nar Baap GE i HEH) woh prehiou had chavmtenied | HOR pang LINCOLN INSURANCE SEE : Tes 774,824, NY Gamo ® | thi . in | Lion Oil Refining eres I oe Co or war Sirailg cent of the totel dope minor Pr IN Y To vv 2h | HS ToRI"s Jrought 55 the worm: in [Meh BRIE 3 ¢ i. 25 to 40 per cent less than similar ine Fie | y | Nor Pacific .... 29 / history,: decided after publishing Nachman D , (1100-1300) & BUSINESS IMPROVES ~~ houses were offered in 1928. And, | 7 2 on: n : 9 this same Sab fem R 30% 39% 3% yesterday's crop report that things |zocin $0 cap all this, the house builder | on tame figured 61 per cent, and in| sou Pac ; 7 A : | are looking better for the farmer. — Tnifed ur 5 8 al has taken to the technique of 3 it was 56 per cent. : [ELE og Si” Sie y Although the report estimated a New York Curb NW NH oe Hart 5 cas 22 | Times Special : styling. he capital of Indiana banks is| wes: Maryland... 1154 % t | 2 per cent decline in crop prospects ’ ; NY NH & Hart 4s '67...... 341 7 FORT WAYNE, Ind. Sept. 11.— Of course, home building will not | 13 per cent of the deposits. In 1935 | © canis iand during August, it added that “the (By Atkins, Mamill & Gates) 530-750) © : er Bros 5 ‘107% 188. | A 14 per cent increase in the paid ch the proportions it achieved |it was 14 per cent, and in 1934 it|Am Brake Shoe.. 64% drought, as a threat to this year’s N.Y. Common, medium. Youngstown S & T 4s "61. ..104 7, i i t in 1928, Sa there is good ground [was 16 per cent. This is accounted rg BT OY. ua esl appears to be passing.” Defi- Aluminum Co of America f [150-900 Common? as! Youngstown 8 & 1 Sissi. uin gor ns Hay in piney for believing it will be the best | for by the rapid increase of deposits, | Am Steel Fdy.. 437s 2 / 7+ | nite signs of recovery were seen in |Am &.anamid B | 43 ; : y : FOREIGN : : Bu, - nd for Bald Loco ..~.. 3% : A Cos x Argentina A 6s '57...... free. 10 1936, over the same month in 1985, Since 1930 and some grou h Competition Is Cited {Sen Am Th Car 36% 36% : many scattered localities and in two (4m General : 2 3 35 | Sommon and medium : fustralla 44s ‘se... --103 was announced here today by thinking it may actually reach the - ; | Sais t : areas centered in eastern Oklahoma |Ark Natural Gas A 5 5 |Low cutter and cutter ....... BA oat i I'i11%° 132" | Arthur F. Hall, president 29 ficure. Loans and discounts comprise 30 | oe; ines BY : thwest North Dakot Atlas Corp esas i 74 | Bulls, good 4s "60. : 12 § BBL, P ent. 19; Bu 936. NEA Service. Inc.) : Poulman ge a a 2 | and southwestern Nor aL£oLa, Catlin Corp . /s | Cutter, com. and med. bulk... penmark Sov. 60. 1 : “This increase comes on top of fCopyrignt. 1936. WEA Service per cent of the total deposits, while | westinen Biec. 193 : "| , The S80 of the sont Carrier Cop . 2 | > Vealers German 535 .26% 21% heavy increases scored in years T MEETING it was 32 per cent in 1935 and 41 | Utilities— drought is the corn erop. Bub the |frocksr Wheeler c.....iesess HI : —Receipts, 700— German BY s i GROCERS SEY : z Am & For Pwr.. 7 1. 1, 1 |board increased its Sept. 1 estimate | Fisk Rubber ! 7% Good and choice ..i.......... $ [email protected] Joly Te akin, ie wei previous. 2Ugust business in’ 40:8 § Times Special - Der cent in 103, Am Pwr 4 2% 12 of corn production to 1458,205,000 |Gien Alden (1i’ lll Sedum ith 2.006 30 | Japan, ess [ei100% over 1934 was approximately the 3 ; hy : 3 Z ) y ) Tee . Ta rp... ; ; ] : ’ i i CHICAGO, Sept. Itv-More Jan The increase in deposits repre- | 3 en 33% 25% ; bushels, = about 19,000,000 more |Gulf Dil Corp’ of Penn. .-... 89% RO re 350@ 200 2 cee , | Same, but August blsiness, in 1934 OD ee here Ot. 10 for a SChted 17 per cent in 1936 over 1035 | £0,025 5 Eo 1, 38) Js | bushels that was estimated for Aug. | BUDE, Of Neale C000 658 0) aso-00) Good E'%hoies + 100 140 “| Same month im 1655. Generatly im. : meet here . : , . a . { i . : in. : ’ ommon. medium. 5. - . - ¢ oie. meeting of Independent BE as briefly w it. 1 ; ] = 1 1 The OTOP: however, IemAins ihe Mygrade Good orn 4 : 50 Feeder and Stocker Cattle Fr i i d V. { bl proved business conditions continue - Grocers’ Alliance, J. Frank Grines,| . ipo.0 figures, said the Federal a8 { _ | dition of 40.5 per cent is the lowest | Irving Air Chat ceav. 18% 72 | (900-200) om. a ret! 5 ; uits ana egetabltes |i pe reflected by the life insurance

m, . yl at ; ed today. : : Int T&T 12 8 2% ’ ii Long. Island Lightin 5 (800-1050) Good hoice.. 6.00@ 7. (Quotations below subject to change. are Ly + president, - announced Deposit Insurance has instilled con- | 1%, 5% ; Sept. 1 condition on record. In yong Island Corp o 9-10 Sd 2 ip : [00 | average wholesale prices beina Pegi.are | industry

CE fidence and has brought funds from Nai Pw = it... ¥ 2.11934, a corn crop of 1,487,027,000 Mugler Brass ; 36%: 36 Cows to buyers by local commission dealers.) : : int -e. 32. , i con- | Na ellas Hess, Inc 3! Ggod .... RT FRUITS—Pears—Michigan Bartletts, box, / | hoarding back into the banks, buf*| psc & & E .... , | bushels was harvested with the con- | Natl Bellas Hes: Poe. irases | Bon anid moins $2 Pra S—-Peats -Michizan Bar Aopen Building Permits

v : gr 5 . * . . Reg : : - + i i Peoples Gas .... i 5 iti i y " . 2 Local Secur ities the influx of gold and increased Peles Os 3 a; | dition on Sept. 1 estimated at 43.5 fennrond Sop . eres Y SHEEP AND LAMBS No. nhc 12iden oh, sa No hes o1 Fearson Co. nc. 128 N. Pennsylvania= E s ? . . elevator, :

Jose Federal debt are responsible for the ison.. 31° ; 3% | per cent. 3 seas : 4 } “ .50; N. 3 C : 2 St Regis Paper Co . 5 —Receipts, 1200— {eompination}, $1.25. Lemons — Sunkist, Inland Container Corp., 701; W. Morrise

% % f (By Indianapolis Bond and Share Corp : : ; as Soa" oo pF, ACTH, Wain, So Jot bet; | Great inflated deposi fn our banks | 3,50 viiiil 2 0% Sires” ni ele 8 asta | 805, 0, Iimerericnn,” Gran Ui | Py,

nt actual bids or offerings, but merely | + qa. : | United Corp ... 17 2 ; ; -| . Dr. Roger Davis, 925 Congress-av, addi= oximate market "level J : : 3 ; 4 4 Q - . Vt ; Good ; \ \ Peaches—Elbertas, 2 in., bu., $3. Plums— A Rhdleate eon selling inquires cr| The reason for the idle funds in Sn a8 Mp on So 892 Sov: JACK C. CARR WINS Spericer Stores ... ... on y . ; .00 | Ital, prunes, 16-1b. lug. $1. “Grapes—Seed- Hen Miller, 533 N. Hamilton-ay, { Tecent transactions. banks, he said, can attributed | Rubbers— REALTOR’S GOLF CUP Tubize. Chatillon Sines: 2 get x | Ewes— PretNteisrsariee 4 30 | less. 28-1b. crate. $1.75. addition, $50. : : = i BONDS 02 104 | 0 lack of demand for loans in |Firestone-....... 28 27% 27% ’ | | Technicolor, Inc Lolllomd om (90-170) Good and choice.. 2. . Honey J Rocks. bu - $135, Pome Aron Tip 5 Zn 5, Fnartien, 2 159%. Delaware. . a $ Citz Ind Tel J 3D ths, Sl. 12 105 | which bankers would! invest the | Goodrich : 23 a = : (Sheep eS 28d medium -40@ 3. Tops, $1.25. Watermelons—Missouri,” 30-1b. die oi Co., Merrill and 8. East-st, gag 3 c Tel Ft W 6s '43 ....1031a 108 | depositors’ and stockholders’ funds; i i i basis.) | BE 3 ; Tel & Tel ; iL 0 Dp Indianapolis realtors closed their | NEW FIN ANCING TASK VEGETABLES Beans Round stAngless. aE, Bauer & Son. 820 N. Boiton-st,

: Indpls Railway Inc 5c ‘87 . ing ivities ; va — = 5000: garage. $200: Interstate Tel & Te: 5ias '53.. 99 101% | lending activities of Warious go Investment Trusts 1936 golf season last night when Carrots—Ohio, doz. 45" Geniifansr_ a3 | . Miller Wohl. 43 B. Washington-st, alter.

| Kokomo Water Works 5s 38 ..108 103 | ernmental agencies in |competitign | (By Thomas D. Sheerin & Co.) Jack C. Carr, one of the newest FACED BY TREASURY Other Livestock crate. $1.50. Celery Michigan Mammoth, | tons. 8500.

* Morris 5 & 10 Stores 5s '50 .. wit % re? : i 5 '65 ..103 ith banks, and the banks’ purchas- | embers of the Indiana Real Es- washed and trimmed, doz.. 60c. Cucumbers | Muncie Water Works 5s '65 mem (By United Press) —Indiana, bu.. $1.50. Corn—Home-grown. Federal Auto Supply Cos, 701 N. Capitol gis 5

ville H L & P 6'as '47.. : ing an abnormal amount of govern- | Administered Fund 2d A “ - lesville JP 6% £ 2 ‘25 | tate Board, was awarded the “Pres CHICAGO Se 11.-_Hogs—Receipts, | 90%. 25c. Kale—Home-grown, _bu., av. fen. $1 k std... 9.50 ‘ : ; 5: : Meridian-st, : Bullock Fume, Wd oreo 38 The presentation was made at a 1reasury today faced the task of |i3%o. 300 1 Deck basket, 60c: doz. 25c. Mint—Doz. |, Ratz Ba st. store ; J -n ve [ Corp 1 roses . 1riti A 3 des steers steady; good Jer: : 3 : [ Diversified Trustee Sh “B”.. 11, --- | and last tournament of the year. | Securities by 1941 under its new|&™® Td . A $2.90. Sweet potatoes—Eastern Jerseys. ; B C Brewing Co com [ : SAFETY DISCU SION | . y : light weights; 1075-1b. yearlings brought . $1.65. Radishes—Ohio white. 2-doz. SIR TTY Parker. 755 W. Morris-st, store, T& T Ft 54 Incorporated | Investors higher; vealers fully steady: practical top, wrecking, $100 _ #Ind & Mich Elec Co pid 7s . | Massachusetts Investors .... 28. 98 | for low gross. His score was 38 |and other short-term obligations for | lower; ‘zood to choice natives, $9.25@9,50; | ha Porioricans $1651.70 Harding-st. remodel

Frank senstein, 2701 W. 10th-st, alterations, $120.

i Serve 6s '47 { Affiliated Fund, Inc J : : » s | By Unite 8 : pt. i . , ; lo Tel Ser LL. 108-106) ment bonds. | American Business Shares .... 1. 1314 ident’s Trophy,” grand realtors Er ON g : 8000. including 3000 directs: market mostly pe uce_lcetarg Galifornia, 5, 4.50: | He SFT Martin, 3502 W. Michigan-st, roof, 106% 3 { Broad Street Investing J. 5 prize. ’ ept. 11.—The |10@15¢ ! , i 7 pers—Mangoes, . heme-grown, bu., $1.50: Bo Bakery. 1239 S 102 4 : 0; 250- oy : 15 G AR AGE MEN 1 hE AR Corp AR. of [cc (mod) 387 T | dinner dt the Highland Golf and |CORVerting $11621,000,000 of floating | 1isio 1s. s $1i0. Farsiey Home grown. dor. TUR. | oJ. Roo McReymolds, 1413 N. Holmes, gai 021; | | Corp “AA” or “Acc” (unm.). 2. oes i - a . . Peas—Weste Tel., eo $250, ral ; i : .-101% 102% i Corp Trust Sh form). 3 . | Country Club following the fourth |Public debt into long-term Federal| Cattle Receipts. 2500: Calves, S00: all Feas—Eastern Cobsiers.” Tot 1b She ti, 3iaglusher. 332 N. Webster-st. altera= : Diversified Trustee Sh “C".. 4. ac] . “long range” financin 1i top of $9.90: she stock : all di . Diversified Trustee Sh “D".. 1. 25 | Forty-five other members of the g rang ancing policy. p of $9.90; she stock uneven; all grade . 5c. SaRe-Dos. 450 Torna: , Bol Bal EY Ee pr. Dividend Shares, Inc | Real Estate Board who competed | The policy was advocated by Sec- | ESi(er* fieady fo strong; cows weak {5 10c | back 2 1 Gast 150 yp ToMAtoni—Home. | 1V-| P. Hartmann. 1558 Leonazdest, 1get, tral Ind Power pfd. .. 2/4 General Investors Trust...... 26. | fecgived Prizes donated by local dt Treasury Henry Morgen demand for bulls: scant supply: prices 10s | B70Wn. 10-lb. basket. 40c. ; Marion Materials Co.. 818 E. Morris-s8, ~ Hook Drugs Ins com ....~" ... 20'2 Don H Indi lis | *Investors Pund Amer : | business firms. au Jr. to exchange outstanding| si0.50 (By United Press) Marion Materials Co.. 2122 Conrad-st, ir 1s Pow & Lt Co pfd 6s 83a n err, Indianapqlis garage-| Market Street Invest Corp.... 32. 4.95 | i _Sheep—Receipts, 13,000, including 10.300 wrecking. $100. : nr Pow & Lt Co pfd 6las 3 * | man, is board chairman of the In-| ‘Marland Fund 9. . Mr. Carr turned in a score of 76 notes, certificates of indebtedness directs; fat lambs opening slow, weak to MeCAEO. Septe Se Da ohest, Engineering Metal Products Co.. 401 8. Hm : Co 6s a 98 112 | : Mainte- | Mutual Investment Fund .. : : : : early top $9.75 on choice natives suitable 3 Charles Bullington. 1710 E. 42d-st. elec33nd Er oF 12 = is to hol al Nation-Wide Voting ; 1s | for the first nine holes, and 38 for long-term bonds to distribute more for ‘small killers: as yet. nothing done on | Illinois bunches, 1'2@2c. Cabbage Wis- trical $150 R10 :

m 6 28 33 |. *S IN Ameri Tr Shs 1955 ly ... | the remaining nine. : 000 ic| Westerns; sheep about steady: feeding | cORSsin. 75-1b. crates, [email protected]. Spinach House of Crane, 124 8. Meridian-st, elece = Siiols Water Co SE 5s va z 10 { its annual convention S pt. 21-23 in| Nn Ae an Tr She 1956 ..... . ne 2 mn aril 8 nase, public iambs in fairly Broad demand. supply Hime —Michigan, bu., 50@75c. Tomatoes—Michi- trical. $130. 0 ‘ 4 he ed.

PAC td Bhs. 75 ® rm en] gan, cliax basket, 50@85c. Cauliflower— d Ee Ind Pub Sery pid 5'is : { Chicago. V. M. Armstrong, Indian-| N American Tr Shs (orig)... ' | Colorado, crates. 90c@$l. Peas — Idaho,

: : 6s. . . 2 3 fad > | terly S... : g i i - i 4 eer" 198 ‘hab 5 7s 8712 90 | apolis, is association counsel. - | Spaterly ee 1 5 | INSURANCE OFFICIAL an Shor : Jon Souigations Fon LOUISVILLE, a in Teuslple Es Ee at GL00. Celery—ichi- Produce Markets Jiri aia 23 The association represents the | Selected Amer Shares (orig). 3. ee 1p . 0 =| 350; market, slow; weak trade slaughter far "(50-1b. sacks)—TIllinois ‘yellow, 50@ 60c: (The prices quoted are paid for stock ds... 1 60 & amalgamation of the National Auto- | Selected Cumulative Shares.. 1022 - ... ADDRESSES AGENTS total public debt,” which amounts classes; cattle run largely plain and me- | Indiana. vellow 60@65c; Michigan, yel- gathered in the country. while delivered Ee aa B ord 6s..102}2 10415] 2 8 ’ 2 Fo, | Selected Income Shares 5.38 “vex to about $330 for each rson in dium; butcher heifers an plain light- low, 60@65¢c. : : : in Indianapolis the price is a cent higher.) Sout a Lae 20 23 ° | motive Maintenance A. lation and | State Street Invest Corp ... A : pe weight steers to sell, $6.50 downward; cows, — Hea breed hens 5 lbs. and Be fon itle o som =k en, 100 | the International Garage Associa-| SurPervised Shs Inc (Del)... 1436 : the United States. $4@5, and $3@4 on beef cows and cutter . ; 16¢: Ry es 5 1bs., 13c;: Leghorn breed TH ectric Son's ’ ] : Trustee Am Bk i 18 E B. Fuller, Loval Protective In- : grades, respectively; odd bulls, $4@5. Other Livestock : f . i y 1 *Ex-Dividend. | tion. The organizations were com-| Trustee Stand Oilshares “A”. + es : yal e The present public debt is about Calves—Receipts, 700; vealers opening . UC hens, 1lc; colored springers, 1% Ibs. and Trustee Stand Oilshares “B"”. § . | surance Co. vice president, addressed $6,000,000,000 higher than the steady, but less active than recently; top (By United Press) bd yioghorn dangers a Joe. " : ry ;

E | hi : ; > i af. bined at a meeting here two years| goiig Standard Oilfunds 1.11 the company's state a ; = i cl OD St ase il . ; gents at a -| again, $10 for strictly selected handy- FORT) WAYNE, "Ind. Sept. 11 —Hogs : al “New Bond I SSUES | 280, at which time Mr. Herr was| *Ex-Dividend, meeting today at the Claypool. W. |. Cond War peak in 1919. Presi P| un WAYNE 1nd Ibs... $10.15: 186:300 | arcs UP:. 3% ghineas, 1%. 2 | . * | dent Roosevelt estimated in his re-| Hog . ; {1bs., $18.90: 200-225 lbs, $1110; 328 250 | old cocks. 8c; No. 1

| elected president of the combined | B.C ; ; ‘ god . . Cornett, Ohio, Michigan, India ici . bs., $11.20; 250-275. lbs. 95; Bid Ask | 8TOUDS. He seryed as president dur- | Unlisted Stocks and West Virginia Leal Ena cent budget revision that it would : . '28c off; to bs. $10.75. 300-350 Ine S190: Allied Stores 4iis 'S1........100 [ing 1934 and 1935. FL (By Blyth & Co.) was in charge of the meeting. foun $34,188,000,000 by June 30,) for be 1 Ibs. $9.60; 12 | $900.3 0-140 or 105; , 39-78 130he Rated Telephone 4s '65 101% 107% | SY Romo aaopets NEW YORK STOCKS Loyal Protective writes accident : : $y: 258 300, hu $10.00; 305 ibs. and up, Boughs. 039.90. stags. 87; calves, 30 101% 101i; t 8 -{an h insu " eceipts, 900; early sales fat | AYETT & O 4iis : and health insurance in 34 states LOCAL CASH MARKET lambs around steady: most. desirable los | xl AFAYET 310-25 Tbe ati arian Salat 9 to mostly $9.25: choice kinds scarce Ibs. [email protected]: 260-200 g Central Iii 3'.s Chemical Ba

heaven 1 : | 8812 > : 9 73: 3 oss Jloelo ss : . : Gas & Elec 3'4s, 66.....102% 1027: | tures. About 2000 association mem- | i i in | $1.04 for No. 1 red wheat.» Other|_ Receipts Thursday—Cattle, 413: calves, $10.90@11; 10.30; Giney a. k Elec 314 ! Continental insurance exclusively, operating in 52; 012: sheep, 830. Shipments | 170 Ibs. [email protected]: 50 lbs. $8@9 ENTER SEPTEMBER 14

(By Lyons & Co.)

: 75; 1bs., wil ma 1bs., | $9.50; 120-140 Ibs. $9.25: 100-120 58 e73: ee % + | fat, : .

: eee ; z : , { Bankers Trust > 3 i i = Oregon Power 4s "46... S80 soe the convention, and national safety | Central’ Hanover -|and Canada, and its running mate, s Gen te ds ass 1077 | discussions are to be program fea- | Chase . : : | Loyal Life Insurance Co., writes life | City grain elevators are paying|3aa‘qustesic to $350

doy 215 | Ders are expected to attend the ses- | “Guaranty 8 grades on their merits. Cash corn, |332: boss. 5 | ] ; . i. 38@9. 158 '82......102 " . . 13 states and Ontario. » | Thursday—Cattle, 104; calves, 195; hogs, dy, : . has West, ah Sis 82 105° 1 | sions. Manufacturers ; atl, New No : ; yellow, $1.03: oats, 36c. tS 5 calves 08s. Sans. steady, $9.25. calves, $9 50; lambs, . y — National, City ... . Hay—No. 1 timo! , $14.50@15: No.1 - . Strong courses offered in GenMat :| Chicago Grain Futures | ios Shag: £5 Money and Exchange | Gore" som: Nog sin |g IR | 2 EE we ated © . (By James E. Bennett |& Co ) A FIRE INSURANC Clearings ros us STATE 35,029,000 first ing, $14.500@15; second cut- | = h ri raat 3 cienee and ; <® : g tha Fire In ...$3,029, : : : Pky 3s 35...01000 10 TAmerican Ths of Rowark | 3 : El cost Fut iu 11I08. 3150 INCORPORATED INVESTORS only” given the eh n Dum ‘Boston 3'zs ‘65.. ’ - : . DT mcHean . E s : . tion Motors Ac Corp 3s "48. iF iy : AM. hn, are TUTE iw : : =—an investment in common stocks—

Federal Insurance

$i ‘88 i 1 Dee. .... ese I ' L 1. on Hiover Fire i 5 i Thomson 5 McKinnon : Founded 1925 in Boston, Mas

ngeles G & E 45 "70 « LI113§ 1.101% 11% Home Insurance G&E Dec. ed 93%: | 941, 943; | National Fire

a a ; . Nash G & le ' a 3% | 89% ox | National Liberty I1l1lll! : Iz} NEW YORK MEMBERS Prospectus, latest - 8 05 ans Us pre oon 8 8H CHICAGO New York Stock Exchange. | informati tc ae 1 rn reac Now York Corn B cuange quarterly report and other information available : BOSTON New York Cotten Exchange. at our office : New York Coffee and Sugar Exchange.

106 Fewer Parts SOUTHBEND eo : : | . aries ¥ SEER Fe ok FRIDEN ts , RL WAYNE ee aus Cotten Exchange, : : : = : SAFE Dei Reeenr rz CUEY | || EVANSVILLE St rs Ey Indianapolis Bond and Share used

American National Bank [|| Si:F inc NG” Indianapolis Officell 1s: oer rnitoe mecrssen |} Corporation

makes, Rehuil rr . : JF : | AT INDIANAPOLIS FRIDEN CALCULATING MACHINE Agency 200-214 Circle Tower LI. 5501 |}|§ 'ME Market indianapolis Alley 4550 -

SE —.