Indianapolis Times, Indianapolis, Marion County, 16 September 1936 — Page 16

Trends Musicians Example

of Machines’ Havoc.

o Abreast of The Times on Finance o

BY JOHN T. FLY

EW YORK, Sept. 16. —Musi cians in New York City have launched a drive against what they call mechanized music. It is a prelude to a nationwide drive against such ' music in moving picture theaters.

Nowhere has the effect of the machine upon our - economic life : been more dramatically marked than in the case of music in the movies, The musicians’ leaders insist that with the coming of sound pictures, orechestras made up of from three to 20 or even more musicians were thrown out of work in thousands of theaters. Certainly the number must be very great. A single great orchestra plays the incidental music for a picture in Hollywood and this is duplicated in thousands of theaters, dispensing with the necessity of living musicians. This, the musicians declare, is an efample of the great havoc which can be wrought among workers by the machine. This is true. But there is another aspect to it. All these many thousands of musicians who played in the movie houses—to what did they owe their jobs? In the old days before the movie, each town had a theater and the big ones had two or three... But with the coming of the movies even small towns began to have half a dozen or more film houses. Presently the land was overrun with new theaters— 26,000 I am told. un = n UT these theaters were the direct result of another machine —the moving “picture projection | machine. It.was a'machine which . made possible all these production | houses and all the thousands of jobs for musicians. One machine made the: jobs possible. Another took: most of the jobs away. If the music provided by mag_nificent orchestras in Hollywood and brought into every little theater by means of the sound apparatus gives us better music— and very much better music our theaters—perhaps we Oug to be - very slow about trying to\destroy it. But the great trouble hexe is that the destruction of the mu-

Mr. Flynn

| a favorable nor an adverse effect]

PAGE 16

WEDN NESDAY, SEPTEMBER 16, 1936 -

Index Reaches New High The Distributors Group index of preferred stock prices of 33 utility operating companies rose to 89.11 on Sept. 12, representing a new high for the current bull market which began July 18, 1932. The indicator read 88.66 the preceding week.

IN COMMERCIAL

BANKING CITED

Now ‘Minor Activity,” Says|

L. P. Ayres in Current, Business Report.

| Times Special

CLEVELAND, Sept.

rent monthly business review,

{ Col. Ayres emphasized the broad | | scope of the recovery movement, | | and sees operating at present only | { one major check to well-balanced | | progress—advancing cost of living.

“It now appears probable that for a long time to come bank funds will

| mostly be held in the form of in-

vestments and that the making of

commercial loans and will constitute | { only a minor activity of the banks,” |

{ has been to have about half of its] | earning assets employed in .com- | { mercial loans, with the remaining | half about equally divided between |

he wrote. * Reasons Are Stated Col. Ayres cited the {following

capital loans and investments. Dur- | | ing most of the period since 1900 { the total earning assets have been | from about 50 to 60 per cent as | great as our national income. “At the present time our national |

| income is rapidly rising, and the |

{ earning assets of banks are increas- | {ing in about equal proportion, but |

| the composition of those assets is]

| greatly changed from what it used | [to be. At present, the Investments, |

| instead of being one-quarter of the | | earning assets, are 60 per cent of |

{ them. Capital loans are about 21 per cent, but commercial loans, which have traditionally made up|

{ about half of the earning assets are |

now only 19 per cent of them, and | they are not increasing nearly in| proportion as business recovery is | advancing.”

Business Unaffected

Fhe political campaign, Col. Ayres reported, is exercising neither |

16.—Com- | | mercial banking will, for some time | {to come, be a “minor activity” of | American banks, Col. Leonard P. | Ayres, nationally known economist | | and a vice president of the Cleve- { land Trust Co., declared in his cur-

Indiana bankers, their wives and friends began their trip to San Francisco for the American Bankers’ Association convention‘ by ‘posing for pictures before boarding the “Indiana Golden State Special”

at the Union Sta The special train carried, siers, representatives

tion last night. in addition to 35 Hoofrom 14 other states.

Enlow,

| MARKED WANE ‘HOOSIER BANKERS DEPART FOR SAN FRANCISCO CONVENTION, TOUR

pk 3 ¥ Hd Sg

7 io wind eA

tour is under direction of Vernon Hinkle and C. B. president of the National City Bank of Evansville and president of the Indiana Bankers’ Association. Following the San Francisco convention Sept.

: 1 21-24, the party is to make a tour of the West and

Southwest, visiting national parks, Boulder Dam, the The Texas Centennial andesother points of interest.

New } York Stock Exchange Prices

(By Thomson &

Oils— Atl Rig Barnsdall

| Consol Oil | Cont of Del:....

Houston (new)

| Mid Cont Pet a 2

2 i 17 Seaboard Oil .... 2

Shell Un Skelley Soc Vac SOof C S O of S O of Texas Corp

Tidewater Assn.. 1

{ Un Qil of Cal... Steels—

Am Roll Mills .. 77

| McKees sport | Mid

Steel

Otis Steel .. | Rep Iron & Steel 2 U S Pipe & Fdy. U S Steel

Warren Bros Youngstown S-T Motors— Auburn

Chrysler

Gen Motors

Graham Mot

on ®

G WwW Sugar sen 4 355% Hershe} 60° 0 Natl Biscuit cis 303% Natl D Prod... 27 Purity Bak..... 161% Std Brands ... : 15's Retail Stores— Allied Stores... 13% Assd D Goods. Best & C First Natl Stores Gimbel Bros ‘ Kresge 8 S Kroger Groce Macy R H Marshall May Dept St ... Mont Ward Natl Tea Penney Safeway

30 | Sears Roebuck .. 54

Woolworth Aviation— Aviation Corp .. Boeing Aircft Curtiss Wright... Curtiss Wright A Douglas Air ... Nor Am Av Sperry Corp a Unitd Aircft New 2612

Chemicals—

Air Reduction Allied Chem Col Carbon Com Solvents ... Du Pont 15 Freeport X Math Alkali ; Natl Dis (new)..

Ww.

pra ~3t3 GINA, OU di om OVO WAR eR

Tex Gulf Sulph. 373% 37% Union Carbide .. 967s 96

Drugs—

Lambert Vick Chem

Financial— Adams Exp Am Int Corp ... Chesa Corp Lehman Corp Transamerica Building— Am Radiator ... Gen Asphalt ... Holland Furnace Int Cement .. 5 Johns Manville. tis Us Stan Coan Ulen Ccns

Household— Kelvinator Mohawk Carpet. 233; Pro¢ & Gamble.. 46!2 Servel Inc 2615 Simmons Bed ... 383% Textiles— Amer Woolen ... 8 Celanese Corp... 267s Collins Aikman.. 562 5573 Gotham Hose... 10a 10% Indus Rayon .... 33% 33

Local Securities

PORKER PRICES TAKE ANOTHER 25-CENT DROP

Other Livestock Markets

Steady at Local Yards.

Off 25 to 35 cents, 4500 hogs| moved at the Indianapolis Union

even market. The top price was] $10.35, paid for better grades in the 180 to 250-pound class.

$1. The steady. ne hundred eighty to 250-pound hogs ranged from $10 to $10.35, while heavier weights, also off 25 to 35 cents, sold from $10.20 down to $8.50. Two hundred fifty to 290 pounders ranged from $9.60 to $10.20; 290 to 300 pounders, $9.15 to $9.80: 300 to 350-pound weights, $8.65 to $9.70, and 350 to 400-pound weights sold from $8.50 to $9. Lighter weights from 100 to 180 pounds ranged : downward from $10.10 to $8. Sows were mostly $8 to $9. Cattle Prices Listed

Top steers sold today for $9.75, the bulk better grade steers ranging from $8.75 to $9.50. The price paid for top heifers was $9.25, others selling from $6.50 to $8. Beef. cows brought from $4.25 to $5, cutter grades ranging from $3.25 to $4. Up 50 cents to $1, the bulk better grade vealers ranged from $9.50 to $10. Cattle receipts were 1600, calves 600. The’ bulk better grade ewes and wether lambs ranged from $8.50 to $0.25, while fat ewes sold from $2.50 to $3. top $3.25. Sheep receipts were 1500. HOGS Bulk Top Receipts [email protected] $11.25 5000 [email protected] 10.80(@11.10 [email protected]

[email protected] 6 10.00@ 10.35 . 4500 Light Lights— 1140-1bu) Good and choice..$ 8.75@ 9.75 Medium 8.25@ 9.25 Lightweights— (lov-1ov) Good and choice... [email protected] Medium . [email protected] (180-200) ood 2nd ++ [email protected] Mediu [email protected]

[email protected] 10.00@ 10.35

[email protected] 8.60@ 9.85

Medium Wenn 1200-220) Good and choice.. (220-200) Good and choice.. Heavyweights— (250-29u) Good and choice. (290-320) Good choice.

Stockyards today on a generally un- |

N. Y. Bonds

(Reprinted From Late Times Yesterday).

DAILY BOND INDEX (1926 Average Equals 100)

20 20 20 80 Inds. Rails Util. Bends

Yesterday Week ago Month ago

low . 90.0 I oni "1938. by

U. 8. GOVERNMENT BONDS (By Abbott, Proctor & Paine) Treasury

4's 1047-52 3% 1946-56 .... ns :

| ne

Alleg Corp 55 "44 ...... crnnen Alleg Corp 5s '49 Am FPrgn Pow 58 2030 Am Tei & Tel 5'2s '43 Am Tel & Tel 5s ' Arm & Co (Del) Atl Coast Line 4s '52 Atl Coast Line 4'2s '64 Am Rolling Mills® 4%s '45 Balt & Ohio 5s 2000 Balt & Ohio 6s '95 Balt & Ohio 4'2s '60 Buff Roch & Pitt 4las Beth Steel 4%s 60 Chi Milw & St P 5s '7T Chi Milw & St P 5s 2000 Cleve Un Term 5s ’73 - Cleve Un_ Term 4'as

Col Gas 5s Can Pac Perp 4s Cent Pac 55"'60 ... Big Four 4128 "17 «....vss Colorado & So 41ss Chi & West Ind 4s . Chi & Nor West 43s "49 .... Con Gas 4'4s '51 108 Chesa Corp 5s

Grt Northern *o Grt Northern “H” Grt Northern 4lzs . Gen Stl Cast WW 5 49... Hud & Manhat Ref i *51... Ill Cent 43s ‘ 807 Ill Cent Jt 4'zs Ill Cent 5s '63 Interboro Rapid ‘Trans 5s 86. Interntl Hy Elec 6s ’44 : Interntl Tel & Tel Bir 30. Internt]l Tel & Tel 5s °’ Interntl Tel & Twi iis “sa. Lehigh Valley 4s 2003 McKess & Mo Kan Te Natl Dairy Natl Stee tiie Nickel Plate 415s Nickel Plate 5lzs N Y Cent 5s 201 N Y Cent 425 2013 (old) N Y Cent Conv 6s '44 Nor Amer Co 5s '61 Nor Pac 3s 2047 Nor Pac 6s 2047 Nor States Pow 5s New Orleans Term 4s 55 Otis Steel 6s 3

Penn Ry 4Yss Fenn Ry 3%s Pac G & E 5s '42 Portland Gen El 4!2s 60 Para Public 6s ’33 Penn P & L 4%

843 103.5 033 tandard Statistics)

STANDARD OIL STILL LEADS IN BIG TERRITORY

Fear of Rival Companies Unfounded, Writer Declares.

BY ROBERT DENVER Times Special Writer

NEW YORK, Sept. 16.—Fears ex« pressed by Standard Oil officials of future efforts of new companies after the Supreme Court ordered dissolution of the firm in 1911 have not proved well grounded.

The only important alliance that has materialized has been the consolidation of the Standard Oil Co. of New York and the Vacuum Oil to form the Socony-Vacuum Oil, Inc. These units, however, were not essentially competitors. Vacuum'’s major activity was the production and marketing of lubricants, although it did market some gasoline and kerosene in foreign territories. Standard of New York essentially was a producer and marketer of motor fuels. The Standard Oil Co. (N. J.) took over the Anglo-American Oil Co. Ltd. one of the units whose stock’ was disposed of under the 1911 decree. But here again the element of competition was not. involved, since | the English unit did not operate’ within the United States, having served only as the English marketing outlet of the old trust. *-

New Companies Created In the meantime other develop«

.| ments, involving invasion of one

company’s territory by another, have been interesting as the years have passed. As an example, Stand= ard Oil Co. (N. J.) created the Standard Oil Co. of Pennsylvania to carry on its operations in that area, which originally had been wholly dominated by the Atlantic Refining Co. Since then SoconyVacuum has expanded its market ing facilities in that particular re gion. Standard Oil Co. (N. J) later acquired the Colonial Beacon Oil Co. and in so doing entered directly into competition with, the old Standard Oil Co. of New York in New England and New York, thus effectively = eliminating, it would appear, any possibility of a merger in that direction. Standard Oil of California has entered into an alignment with

sicians’ jobs by the sound appa- | ratus was wift, almost instanta-|-on the course of business activity. | Mack Trick neous. In less than six months the | The same, he said, is true of un-| : sound picture had swept the pld | settled European conditions. } 2 ‘silent —Teels off the screens and “Probably the most unfavorable | Studebaker had dusted all the musicians out | factor in the near-term outlook is| Yellow Truck -... of the theaters. the advance in prices of agricul- | Be ior Access oy rev. | Citz Ind Tel (T H) 44s ’61...102% Megium - 10e n ” n tural commodities,” he said. “This | Bohn. am ial. 43 a! : © 42% Advance Altminum : ve 98 oe HB To % eh w fe 43. ae CATTLE % Se = | is operating to increase the cost of | Be Asbestos Mig ava si 3} 3%s | Indpls Railway Inc 5s ‘67... 67 7 . —Receipts, 1600— : Union ‘Pac 4s '47 ND this, 3 Su Sem 2 = | living by raising the prices of food | Budd. Mfg Pot rang Interstate Tol & Tel 8%08 058 13 10 (550-900) [email protected] | United Drug 5s ’53

: Berghof : \ 1213 1214 | Kokomo Water Works os '58..10¢ 105° . B.dow 9.43 ' us a clew to what should be | 2/4" decreasing the spending Budd Wheel s | Morr Bo Bs Tae. Te LL bie Bis | NYNH® Ciare 65

8 Postal Tel & Cap 5s !33 ....... 3512 Rem Rand WW 4!ss '56 ......107 Shell Union Oil 3'2s ’51 Sou Pac 4'2s ‘68

Schenley Dist ... 149, 441, (By Indianapolis Bond and Share Corp.)

The following quotations do not represent actual bids or offerings. but merely

. indicate the approximate market level Chicago Stocks based on buying and selling inquiries or

recent transactions. (By Atkins, Hamill & Gates)

Packing SOwWs— (275-350) Good . (350-425) Good ...... © (425-400) Good -... (270-450) Medium ....... oe Slaughter Pigs— (10-140) Good and Choice.. 8.00@

£3 pt VLD ND AOD

Texas Corp., the large independent, under which ‘the jointly owned - ‘California-Texas Co. was formed to handle their business in the Far East. Standard of Indiana controls the Pan American Oil Co. an aggres= sive competitor of the New Jersey company in the East. The Jersey company, nucleus of the old trust,

et pt 0 am 0) OND RN

BONDS Rail 6'2s 156 vsrsnsnsnerar 96 Texas Pac 5s 77 Third Ave Adj 5s '60 .

Butler Brothers . : Morris & Stores 5s 'Bv : done about the machine. In our Elec Auto Lite .. 2 Morris & 0 Sores SS bow 8.25 | NY NH & “dart 6s '48

| Cities Service civilization, apparently nothing can stop the onward march of machines which bring us better art, better music, better: living conditions, swifter travel, and so on. A battle against the sound picture is like the battle against the phonograph, the linotype machine, the rotary press, the jitney bus. It is doomed to defeat. But certainly some means can be found to cushion the effect of such innovations, to “break the crushing burden of loss which sweeps.down upon the people who are displaced. (Copyright. 1936, NEA Service. Inc.)

NEW MANAGER APPOINTED Times Special NEW | YORK. Sept. 16.—Clarke ~ Sinsabaugh & Co., Inc, investment firm formerly known as C. W. Young & Co, Inc, today announced

that Joseph N. Du Barry now is|

| power for other goods.”

SEARS’ PURCHASES SET AT $30,000,000

Thirty million dollars, worth of merchandise was purchased by Sears, Roebuck & Co. especially for its fiftieth anniversary sale, which is to open in Sears stQre tomorrow and continue until Oct. 3. This sum, the largest ever spent for one special sales event by the company, went to 6000 manufacturing sources in 1600 cities and towns in nearly every state, according to S. W. Shipnes, local Sears retail store manager. ; Additional clerks have been added to the local store's staff for the duration of the sale, Mr. Shipnes said.

Greyhound ‘B’... 54

Houdaille Murray Body Stew Warner ... Timken Roll

3 6 Timken Det Axle 2

Mining— Alaska Jun Am Metals Am Smelt Anaconda

Cerro De Pasco.. 53

Dome Mines Gt Nor Ore Howe Sound Ins Copper.... Int Nickel Kennecot t

U S Smelters.. Amusements—

Loews Inc .. Radio Corp Paramount <u Warner Bros...

Tobaccos—

NETO LIV Laat ed - BERTNNT® NE

NO~TWDO ID

on >

x Cn wa »® SD -

Commonwealth Edison Consolidated Biscuit Cord Economical Drug Electric Household General Household Great Lakes Ken-Rad T & L | Lincoln Printing Lion Oil Refining ....... cosine McGraw Electric . Nachman Spring Filled Nobli§-Sparks Sundstrand Waiiams 0il-O- ‘Matic

New York Curb

(By Atkins, Hamill & Gates)

Aluminum Co. of America.... Am Cyanamid B Am Gas & Electric. Am Superpower ....... Ark Natural Gas Ay Atlas Corp

‘Catlin Corp

Carrier Cor Creole Petroleum Corp Crocker-Wheeler ... Elec Bond & Share. Fisk Rubber Ford Motors. Canada

Muncie Water Works 5s '65 .. Noblesville HL & P 2 Ohio Tel Serve 6s Richmond W W 5s Seymour Water 3, T H Trac & L 5s TH Water Works pa ’56

: H Water Works 5s *49

Trac Terminal Co 5s ’'57 5 Indpls Water Co 3'2s '66......101%2

STOCKS

ABC Brewing Co, com 18 Prlt Railroads & Stk Yds. com 31a Belt Railroad & Stk Yds, pfd 5 Central Ind Power, pfd, Ts .. 281 Home Tel and Sel Ft Wayne.. 5212 Hook Drugs, 8'2 ind & Mich Hoo ‘Co pid Ts. "108 Ind Gen Serv Co 6s 99 Ind Hydro Elec 0 Tc Irdpls Gas Co 63 28 Indpls Pwr & Lt Co pid 6s5.... indpls Pwr & Lt Co Indpls Water Co pf Nor Ind Pub Serv pfd Ss : Northern Ind Pub Serv pfd 6s a Northern Ind Pub Serv pfd is 872 Progress Laundry Co . 143; Pub Serv Co of Ind pfd 6s... 2415 Pub Serv Co of Ind pfd 7s... 58'2 Southern Ind Gas & Bl pid 63 10245 Terre Haute Elec Co 6s Union Title Co

Investment Trusts

¥.20w10.10 b8.40@ 9.20 b.30kw 8.45 5.00Ww 6.5 4.00w 10.00 8.20@ 9.00 b. (dw: 8.25 8.00@ 4.75 T.00w 8.79

(900-1100)

(1100-1300)

(1300-1500)

Heifers (550-750) Choice ...$ 8.50@ 9.50 . Good 1.10 8.90 . common, medium. b5.00w 7.15 (750-900) Good and choice.. 7.79@ 9.25 Common, meaium. b.00@ 7.19

5.00@ 5.715 common and medium ....... 4.00@ & Low cutter ana cutter .... 3.20@w buils, good 2.00@ cutter, co. and med. bulk..... 4.20@ Vealers —Receipts, 600— Good she choice [email protected] Mea 8.00@ 9.00 ‘Cun and common 2.00 8.U0

(250-500) Good and choice..§ 7.00@ 8.50 Common, medium. »b.00@ %.0

. Feeder and Stocker Cattle (500- 800 Good and choice..$ 6.000

bow b> | NY NH & Hart 41s ’6

Warner Bros 6s ’39 Western Union 5s %0 ues Youngstown S & T 4s '61 Youngstwon S & T 3%%s 51. sion

FOREIGN

Argentina A 6s '57 Australia 4!2s 58 cons Canadian Govt 4s '60 ..... Denmark 4's '55 French 7Y28 '41 German TS "49 civenesensensses « 53% Italy 7s ’51 ‘ Japan 6128 "54 ...ccvearnenes Poland Ts '47 ; Rome 628 "52 ...cocvvvennen . T2Y2

New Bond Issues

(By Lyons & Co.)

Allied Stores 4lzs. Arkansas Gas 4s Associated Telephone 45-'65. B & 15s '39 Cal Oregon Power 4s '68 Central Maine 4s Central 111 3's Cincy Gas & Elec 3's %. C & O E 3's '96 . . est In 415s ‘62 xsl n Station 38 '15. Cleveland Tractor 5s ’'45

recently invaded the Indiana company’s territory.

Two Areas Uninvaded

Standard Oil (N. J.) never has in= vaded the territories of the Ken= tucky or Ohio units, leaving the im=pression that those companies may be acquired in the future. Oil men visualize the Standard Oil group being welded into four large tinits. They see the New Jersey company eventually opyxrating 8 come plete national and international business, as .one of the quartet. Socony-Vacuum, already world-wide and nation-wide, is viewed as another. Standard Oil of California is seen as the big third unit, ale though its expansion has been en= tirely outside the United States, while Standard Oil of Indiana is seen as the nucleus of the fourth big member of the group.

Glen Alden (1) (By Thomas D. Sheerin & Co.) and medium 4.50@

Greenfield Tap & ‘Die Corp. . 9 9 id Ask Gulf Oil Corp of Penn. Affiliated Fund I

Humble Oil & Refining Co... : Huyler's of Del pid.. American Be Shares ... *Broad Street Investing

manager of its Philadelphia office. | C. N. POWER NAMED Fruits and Vegetables NEW DIVISION HEAD Long Tiana Lighting , : Mueller Brass Bullock Fund Ltd . Century Shares Trust

| | I & 2 2 Ee aes Delix change, are | = CM 31 ; Natl Bellas Hess i 3 y ev * Ni " . f 35 . ’ * ’ buvers by local commission dealers). Clifton N. Power, for three years V lagara Hudson Sv: 18 Earp i) or Aan nod) a8 1 Lanths= UITS—Pears — Michigan Bartletts, | m : rk z 3 : Pennroad Corp Corp Trust Shares en 2.06 ‘uit xe re . \ Thy ul 50 Yr —Sel 1 Ih, Sc. anager of the I. P. Burke & Co. Del Lac & W. Raz : Root Petroleum *Diversiifed Trustee Shs ‘B’. At ee Log... > . . 8.25w Kansas P L 4! Ee . Pananas—Selecied, : | Inc., Terre Haute office, has been | Erie 3 Apples—No. 1 Maiden Blush, 2'3 inches] = . ’ Erie pid .. rr : : Bt. Regis Paper Co..vvis Waki . 1 3 s 3 egal Loc

Diversified Trustee Shs ‘C’. Meaium . . PRE Los Angeles G & E 4s '70 . + $1.85; N 1 lv) Wealthy, 2'% in-| i i i up. $1 0 (early ealthy 4 called into Indianapolis to head the | Gt Northern ptfd : Segal io

‘Com. : 800-1050) ‘Good ana choice.. b6.00@ 7.20 | SOlUMbUS Rallway 4s

Conn Riv Pr D & Sonsoligmed Oil 3's Cudahy Ths 3% '55 Cudahy P 4s SHEEP AND LAMBS Faison s

—Receipts, 1500— n M

associated with the firm as resident | Atchison

Ad 1 Coast : Lines, & O

Ge Indianapolis Water 3las 66

Pan-American Airways - --$ 8.75@ 9.25 | fowa South Utilities 3% l2s ’50...105

Equipments Bankers Trust

‘ OB BIRD ges in

WN 10000 OD NEI nbs ba BI LAWS BI WI D NONE

CITED 6 bob bk CH BD mf rt vs BI CJ

srssssnsssnsss

AL Ee

C0 oa C1 £4 C3 bok ost Cad on T0603 CO) pt 1b - OBEN J0000D API] BI 41) WU EI WI O Grin bd

U S Fire EE EEE 5 sessereesenss . FORT WAYNE, Ind., Sept. 16.—Ho s, 40c We fchester Fire lower 160-180 1lbs., $9.55; 180- 200 Ibs., |:

*Ex-dividend. . $0.70: 200-225 lbs., $9.90: 235-250 lbs. — = : . 330-478 bE 33980 230 1bs., $9.55; ¥ . aeseaeee . J 421% : 3: - Ibs., $8.85; 1 Building Permits teanene is : : 4% | Ibs, $3.80; 130-140 the, $8.15: 120-130 Ths, : 2 " 5. rougns. stags, P. R. Mallory, Gray and E. Washing 3 $6.50. Calves, $8.50. Lampe $8,75. 8

ton-sts, moving, $150; building, $80.000. : J s 3 A 84, ' “TE Travel Service

Nan dune vee

— — — bt oak ey

—-

0 emu [=

oo ©

whites, a ites, 30c@ $l: Indiana whites, 90c@$1 DETROIT, Sept. 16 —Detroit has | Firestone

- : called for redemption 39 blocks of | Gooarich Produce Markets Fei Ta ret Soa 21 | Boudye:

{The prices quoted ars pald for stock | bearing interest rates of 3!:z t U S Rubber pf gathered in the country, while delivered 2 log M ome in Indianapolis the price {s a cent Rigter y | Per cent, John N. Daley, controller, Msi neOu 53 Heavy breed hens 5 Ibs. and over, | announced today Am Can Bers “12 23:4 18c: under 5 Ibs. 13¢: Leghorn breed - Am Mach & Fdy Bena, je: opioted springers, tis Ibs. and Brklyn Man Tr in er lic: ghorn springers. 1!y Ibs. ; » gh Lam and over, a: oid ducks, white ’s lbs Other Livestock Burroughs isi : ! up, Se: geese, full feathered, all ; n iShatne sizes. 4 A all guineas, 133 Ibs. and up, 15¢:.)., LA {By United Prem) Carpits Tract 741 8c. No. 1 strictly fresh egss, |. Ed, Sept. 16 —Hogs, mar-| Crown Cork .... 764 on 22. Each full case must weigh | 220 25@30c lower; mostly 35c lower; 210- | Curtis Pub 207s _B5 Ibs. gross, ‘a deduction of 10 cents a 260.28 255 10 705 10: 335-260 lbs. [email protected]: | Dedfe & Co und under 55 lbs. will be made. No. 280 .Ibs., $9.50 ;, 280-300 Ibs. $9.30 | Foster Wheeler 33% butter, 38@3%: No. 2 35@36c Butter | 8% + $8.75; 190-210 Ibs. | Gillette tL 18% at, 34c. - SU; 2. $3.60@9. 70; 150-1! : s, $8. 50@8 75; | 100-130 Ibs. $7.75@8; rou : (By United Press) Calves, $0.50 as eg $825 git Bicaco Sept asd’ — Eggs — Market * (By Times Special Steady, receipts 82 34 caren: fresh_graded (of OUISYILE. Sept. 18.—Cattle—Receipts, s Selle Martz, 355 Hanson-st, addition, * i ; moderately active trade in slaugh rmou i , ; Butter Marker unsatiied’ receipts. 730s | Classes of fasts: Sleady instances strong. Armee Prod 2 t eu Savings & Loan, 33 W. Ohio3 g medium steer xe : 2 : re). :| to sell downward from $7.95 Sod heifer Cal Packing ... 9! 391 Ceniral Rubber & Supply, 118-120 8. z BS a ar ae. Arse | fat cows, $4@3: cutter grades, $34: Can Dry G Ale. Meridian, sign, $120; electrical, $175. : PRouditrs Srarkes nie tee lor ops | bulls scarce, $4@35. | Corn Prod . Klee & Colman, 423 S. Delaware-st, gaBracks, 1 car. Geese, 11128 l4c: ducks | gEalves—Receipis, 325; Jealers opening a Sug. PL Cui 28 N t irs ae ap conse) 23 lec: ducks 11| steady: some sellers asking higher early |S cods .... 39 . L. Curry, 428 N, Kealing-st, repairs, top. $9 for few; other desirable sorts | Cold Dust .... 13% 13% 13% 818 . ~— Bupply Rotate: demand | 120-140 Ibs. ‘sa. od etl § Ready 23. ak Idaho Rus- Sheep—Receipts,

18'3¢; turkeys, 18@19¢c; broilers. 14@16¢: | around $868.50. : ( p | fis. A Powe : & Lg Co. [NEWTON U. 8. No. 2 |early few lots : Sh

Hozs— Receipts, 300; market 2c |] good in $3.75; choice eis i SE wR | MD | fe

Mrs. Anna Noone, 402 N. Keystone-av, : ‘893 : yah ho.

~JLIRIBILS «IQS Ch ta Nea N®

«~JLIBIBI NI CO Wa BI wy

LOCAL CASH MARKET

City grain elevators are paying] Other

Diversified. Trustee Shs Lonmon 4.00@ 5.75 | Louisville G & B 3'2s '66. 0; N ur 3! » Sad : = p. $1.60; No. 1 Summer Rambo, 2'z firm's recently established invest- | I Central Ee Stores crate, ' $1.75. Celery—Michigan Mammoth, Am Loco Chemical Michigan vellows. 50% 85¢: Rubbers— Linden Products, 2913 Roosevelt-av,

| Dividend Shares Inc Ewes— Lou & Nash G & E 4s "70. inches up. $180. Lemons—Sunkist, 360s, as . $ i | Sterchi Brothers Stores (Shoop an no meatun. 1.00% 2.50| Mule Bd 48 or an Elbertas, 2 inch, bu. $2.25. Plums—Italian | , , *Maryland Fund : New York Edison 3s ’ i ah Other Livestock MELONS—Cantaloupes — Home-grown, | (By Blyth & Co.) Nation-Wide Voting Pacific Lighting 41,5 '45 VEGETABLES—Beans—Round stringless, | Separate ,departmenit to handle this North Amer Tr Sh s(orig). 33 ir 13,000, inciuang 3v00 directs; market | Penn Tel ds “6s ————— Selected Amer Shs Aorig).. buix, 190-250 Ibs, $10.506 10.15: ost. Goo. | Railway Lite 4%s... ~ washed and trimmed, doz., 0c. Cucumbers | ; A ti t . Michigan. bu. $2. Corn—Home-grown, BUILDING PERMITS UP Am Sheel Fdy. Continental State Street Invest Corp. . Cattie—keceipts, 12,000; calves, 1000; | Southern Cal Gas 4s home-grown, 13-1b basket 75c. Peppers— Boliman hess. Manufacturers 1? | Trustee Standard Oilshs ‘A’. | all heifers; ‘medium weignt and weighty | Wisconsin Gas & E 38 Onions — Northen yellow, 50-1b. bag, 90c. | National Shawmut *Ex-dividend dominating in run, generally steady: oniy Utilities— A ern Cobblers, 100-1b, bag, $2.65. Sweet. Po- AT&T A War... steers; some heid higher: numerous loads, Sage—Doz. 45¢c. Turnips—New bulk, bu. ella Ld + - (By James E. Bennett & Co.) fully steady; cows steady, lower grade + THE ETITRENT that Automatically Great American Insuranc 0.50 on early run. J —— > : Int Hydro Elec. . {BY Uitcd Press) The total value of permits in Au- | inf BE ; Bemis Letter Service, Agts. Home Insurance xe ou 4 a3. | Ma) 111 A111 : 11015 considered; aged sheep little chan od; —Louisiana Portoricans, [email protected]. Car- | 733, a decrease of 12.8 per cent from | Peoples Gas North River .... early bulk Western, $9 down; best held higher : sch—Michigan: bu, 50@75c. Tomatoes— | &N increase of 49.6 per cent over the | Std 1. daho bu. hampers, [email protected]. ] P : BE nn Grain, Cotton, ComNew York Stock Exchange roofing, $100 Chicago Stock Exchange Ae : :

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54 3a) agdition, 33500. 1345 Reisner, garage, $30. { Otis orris. eis Ts Edward J. Snvder, 660 S. New Jerséy-st, | $1.06 for No. 1 red wheat.

TO pal y 5 Ww corner Ken- | BTades on their merits. Cash corn,

tuckv-av and Harding-st, tank, new No. 3 yellow, $1.03; oats, 36c. Loew's Theatre. 35 N. Pn ia -st. | Hay—No. 1 timothy, $14.50@15; No.1

remodel front, $500. . E.G. Bowr & Sons, 3120 N. Meridian, Gover $150011.50: No. 1 alfalfa, three-story apartment, IS u g . oe Fire Station No. 18, 3130 W. Washing- rst $14.50@15; second cut {on-st, one-story fire station, $15.870 g. . : Indiana Trust Co., 1429 Martindale-av, wrecking, $50. William Wise, 5004 N. Pennsylvania-st, garage, $150.

General Tovoators Frust - 180-170) Good and choice.. 2.50@ 3.25 | McCrory Stores 5s '51. . Limes—Mexican, carton, 13s, 22'zc; | ment trust department. jocorporated jvestors m. and meaium. 1.50% 2.50 | Metro Ed 4s '65 e 3 C | { anicolor, nvesto : ; BE. fersian seedless, per’100, $280. Peaches—| Announcement of the change was | Technsolos Market Street Invest Corp... 32.47 34.33 | Dass. Nera eo, 6. prunes, 16-1b lug, $1. Grapes—Michigan | made by T. P. Burke, president, who | r..12 Massachusetts Investors > 6 : on Bancords, 4-qi. basket, Zac. | said the company’s trust share busi- | Unlisted Stocks. Mutual Investment Fund .... Okla Natural Gas 59-46 + bu. $175¢12: Honey Dews. vine ripened | {ness had grown to such an extent | North Amer Tr Shs 1955 (By United Press 3 | $1.754: \ ! 958... ) ; 6 1.75. Water — | FWY < : Peoples Gas L& Coke 5s '61. + $ atermelons—Home grown, 25@ | that it was necessary to ‘establish a| = NEW YORK STOCKS North Amer Tr Shs 1956 . CHICAGO, Sept. 16. — Hogs — Receipts, | Penn R R 3%s '70 1 ; Quarterly Income Shares .... steady to lUc lower tnan Tuesaay’s aver- Potomac El Power 33 Bie Tort Tie "i lindcsy SI | 7Pe of Business MELTS | Shute] Sascves elected Amer Shs Annie). BE ar hi nl |e yD iy.. 5 : . “elected Cumulative Shs..... 300 ibs, [email protected]: weil nh Baliway He 1 ws fipg lines 31 elected Income Shares .. Jbs., $9. 50G 10.50; best SOWS, ished, 140-110 San Diego G & L 45 1 *Guaranty 2 dox.. 25@30c. Kale—Home-grown, bu., 3c. Gen Elec ! in i Supefvised Shs Inc (Dela) ye 3 Re 1 “russ ives 1 : ry active market, especially light heiters| Southern Kraft 41s Lettuce—Iceberg, California, 5s, $4.50; leaf, 7 . ol Gen RR Sig... : Trustee Am Bk B ana mixed yearlings, firm FS Be her on | So West s '8 Mangoes, home-grown, bu. $1.25; x | f1mes Specia ir T's | National City : Trustee Standard Oil ., ry 4 “81 basket, 0c; dor. 25c.” Mini — Doz. s0c| NEW YORK. Sept. 16.—The build- | Westineh Dec. 143 | pust Natiojal Sogten United Standard Ontuntes.. 30 ji | Steers, Kinds scaling 1160-1350 ibs. ‘pre. | Wisconsin Pub B17 7s Parsiev — Home-grown, doz. 40c. Peas— | IN8 industry, as measured by the FIRE INSURANCE $1025: “on bs weights lagging. early, top. Western Tel, hamper, $3. Potatoes—East- | value of permits issued in various | Am Power & Lit 121 { Aetna Fire Insurance .. Chi ; . on hE yearlings and 1430-1 tatoes—Eastern Jerseys. bu.. $150. Rad-| Cities, continued to show substantial | am wat wks 0. Ia | Baltimore American leago Grain Futures $v sbg 10; abe oe 3707 shook gt 2b 2; ishes — Ohio white, 2-doz. basket, 85c.| increases in August compared to the | Col Gas & Elec.. 2 City of New York .. y gs, up to $10; stockers steady, : . | Co i Franklin Fire ..... 3 . , | heiters firm; bulls stron vealers Buc to ST Tomatoes Home: Town. 1a.bu bas. | Similar month a year ago, Dun & | Gon 3 | iankiin Fire .. 46) 8:45 Prev. A tS Eaten Letiaty TO ket, 81; bu. $175. © : * | Bradstreet reported today. Elec Pwe & Lif 13° |e once AM. Close |i lower at 310. down mostly; very few CREASE BUSINESS. See it—use it : } Banoyer Pire .. ee : p ; 4% 1M Tn 133} aL 12,000: fat lambs openCHICAGO. Sept. 18 —Apples—Duchess, gust for 215 cities reported to Dun Nat Fer & i. | Ear : ec. . . 1.111, fing active; mostly steady damp fleecers 303-307 Merchants Bank Building. Michigan, bu. [email protected]. Sweet Potatoes | & Bradstreet amounted to $83,109,- | pos MeL + National Fire . good to choice native lambs, $9@$ i tatoes Pac G & E National Liberty «cceevees finited number, $8.35; extreme Jeli» 50: \ rots—Illinois bunches, 2§2!':c. Cabbage : hb Serv N J... ~—Wisconsin, 75-1b. crates, $181.25 Spin. the $95,281,845 reported in July, but So Cal Edison. | Ww L. LYONS & GO as | x Michigan climax basket, . Cauli- V 5% flower—Colorado crates. $ mark recorded for August, 1835. Tited o Sy coster 1s 2 Michigan square crates, Ut Pwr & Lt ‘ market (50-1b. sacks)—TIllinois, REFUNDING BONDS CALLED Western Soa he fi Michigan | Times Special modities, Stocks, Bonds wey MEMBERS Toolne; oo Co. 119 N. Tlinois-st : 80% 50% t ia . i -St, Fletcher Trust a—Asked: b—Bid. New York Carb National Refining Co.. 538 Ss. Harding Chicago Board of Trade + il r alterations, 5. . io st, of burner Steamship, Tour, Bus, Airway Tickets Bankers Trusy Co, || 0 N- Pemn. St—LL Fis ® Russell McDermott, ;

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Thomson & McKinnon MEMBERS > New York Stock Exchange. New York Curb Exchange. New York Cotton Exchange. New York Coffee and Sugar Exchange. : New Orleans Cotton Exchange. Chicago Stock Exchange. Chicago Board of Trade. Winnipeg Grain Exchange,

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NEW YORK CHICAGO TORONTO BOSTON SOUTH BEND # FT. WAYNE EVANSVILLE

Fidglity Trust Go.

148 E. Market St.

Invites Applications For Its :

PERSONAL LOAN DEPARTMENT

Loans ........$50 to $500

low heese— Twins, 18: @ 10%; daisies, 19 | 180-195 lbs

orn hens, 11@14¢; old roosters, 13! hog wer: top, $e a 23 for best 200 hes longherns. 1919" : Ibs. and

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