Indianapolis Times, Indianapolis, Marion County, 21 September 1936 — Page 14

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Trends

G. O. P. Propaganda False, Flynn Declares.

Abreast of The Times on F nace

PAGE 14

MONDAY, SEPTEMBER 21, 1936

ments

tion. American exports to totaled $3,000,000 monthly.

Spanish Trade Curtailed American merchants and exporters, with investof $70,000,000 in Spanish trade, are confronted with a period of unprofitabihity and possible deprecia-

Spain before the outbreak

BUSINESS CAINS

BY JOHN T. FLYNN EY

EW YORK, Sept. 21. —The Republican Committee has issued: 8 bulletin blasting government spending. It tells us that billions have been going to small Southern . and Western states, but that New Yorkers have been paying the bills. Relief is a grave problem. Pro-

found mistakes have been made in its administration. But Amer.cans of all faiths do not want to form judgments on these serious problems on the strength of false

figures or false:

statistical conclusions. Here is the argument. New Mr. Flynn York in 1934-36 = paid in taxes $2 555.000,000. She got back in reJief and Tecovery payments $2.233 000.000. That was over 300 mil- . Hon less than she paid. Arkansas paid only $9,719,000 in taxes. But she got back $303,730,£00 in emergency spendings—33 times as much as she paid in. The conclusion then is drawn—states Jike Arkansas are the favored chil@ren of the Great White Father; New York is the goat. First of all, there is no connection between the taxes paid by the various states and .he emergency spendings of the government. Remember this all-important fact: that not one penny of relief and recovery spending has come out of taxes. Every dollar has been raised by the government borrowing it from the banks. Who is to pay for the relief in Arkansas or New York no one knows yet. That's something we'll settle when the’ bills are presented. n

= ”

EXT, remember that relief and recovery expenditures are not paid to states, but to human beings: not to tax-paying human beings but to those in want. An

American citizen in want in New York is of as little use to the government for taxes as one in Arkansas. If we consider the matter by population, we find that the population of New York is seven times the population of Arkansas. ~ And New York got just seven times as much relief and recovery money as Arkansas. New York got $178 per capita and Arkansas got $168 per capita. In the next place, no one san gay just where relief and recovery money goes-that's why it is a national problem. The government takes over the mortgage of a stricken farmer in Arkansas, but the money may go to an insurance company in New Orleans, Chicago or New York. It builds a bridge in Tennessee, but half the money may go for steel and cement and lumber and other materials in Pennsylvania, Illinois or Ohio. Give food to starving textile workers in Massachusetts and it may put men io work in the food and flour and packing plants of Minnesota, Illinois and Iowa.

2 s

OW as to taxes. No one can tell how much Federal taxes either New York or Arkansas pays. Of coufse. a vast amount is paid in New York. But New York is the home office of great corporations. They do their bookkeeping and keep ‘their bank accounts there. But they do their business all over the nation. A great corporation pays its inocme tax at its New York office, but the money for the taxes actually come out of the pockets of millions of customers in the company's thousands of branches all over the country. Those taxes are not paid BY New Yorkers. They are merely paid IN New York. The simple truth is that this whole argument is false, without foundation in every one of its parts. It is not a fair argument, Copvyricht. 1536, NEA Service. Inc.)

Investment Trusts

(By Thomas D. Sheerin & Co.)

Administered Pund 2d Affiliated Fund Inc ' n Business Shares .. treet Investing d

“Diversified Trustee ‘She Diversified Trustee Sh Diversified Trustee Sh ' Dividend Shares Inc General Investors Trust Incorporated Investors . Investors Fund Amer Market St Juvestment Marviend Pun Massachusetltls BY vais ors .. Mn al Investment Pund .

DBs 1 DRIAL

0D 3D 10 WRINDDNAID

Corp

r Tr Shs 1956

RH Tel & Tel Ft W 6s * Jjgdnis

y | Kokomo Water

s | Richmond W W 5s é ; SeYmour Water Co 5s

-+ {Indpls W ater Co 4 STOCKS

Influences: Affect Surveys.

| Times Special

NEW YORK, Sept. 21.—Not until |

{all holiday influences are shaken | ‘out of current business records will |

|it be posstble to appraise Septem- | { ber business with any certain accu- | | racy, says the current issue of Busi-+ | | i

{ ness Week. | The index of activity {have weakened under the strain of {the long Labor Day week-end, but |

{ the advance should be resumed rap- |

{idly as preparations are made ed {a good fourth quarter, the maga zine predicts. Steel is stepping up. | its rate as motor buying gets under

| way again, and coal production con- | | tinues its upward trend, having se- |

{cured extra business from utilities | When the drought put hydro plants { out of commission, according to the | report.

Other encouraging business signs |

| cited by Business Week include the {heavy volume of construction coni tracts, rising trend in factory em- | ployment and the belief that car- | | loadings have yet to reach their peak. / Foreign Orders Decline Other Business Week reports folow.

| fell off rather sharply. {orders from abroad constituted | per cent of the month’s business, a

lent rate of gain over

{ dustry should Toll up a total sales { volume of about $125,000,000, | bec since 1929. | Business still is expanding to meet | the anticipated demands of the comi ing year, and such plant awards as General Foods, $1,500,000, CorriganMcKinney, $600,000, and Tubize { Chatillon, $2,800,000, are helping to boost construction totals. Last week's figure of $30,513,000 for private building contracts, made up of industrial and commercial projects, represents the biggest volume in five | years. Fire insurance companies point to | this year’s record of increasing losses | whenever requests appear for reduced rates. For 12 consecutive months, losses have exceeded those of the preceding year, and the eightmonth losses of $199,562,447 are larger than those for comparable months of either 1935 or 1934. Ordinary life insurance sales lagged in August sufficiently to slip it below those of a year ago. The eight-month record stands 5 per cent below that of last year. If industrial and group insurance sales are included, the loss is cut to 3.5 per

"DURING QUARTER “ARE. PREDICTED

aston ,Reports Holiday

seems to |

| Atl Rig | Barnsdall

{ Houston

{ Phillips Pet .... 40 i Piyvmouth Oil ... : Pure oil oil ere 11 { Seaboar dies New orders for machine tools de- | 23 clined from the July post-depression | { high chiefly because foreign orders |s Nevertheless, | 24 | | Tidewater { substantial proportion. At the pres- | comparable | | months of 1935, the machine tool in- |

the |

| McKeesport

3 | cent. {ing to a close, interest of oil pro- | { ducers and consumers now shifts to | { the fuel oil market. With oil burnfer sales running 46 per cent ahead of 1935 for the first seven months, | and with September and October | the banner sales months, the de-; mand for fuel oil gonsianily is increasing. The boom in oil bummer sales seems to have made no dent in the sales of mechanical coal stokers, which boast a 92 per cent gain over the first seven months of last year. Department and variety store sales last month increased less than usual over July. In St. Louis an? Kansas City Reserve districts, where’ department store velume was no greater than last year, the heat was unquestionably to blame. In the New York, Boston, and Richmond areas, margins over 1935 : shrank somewhat. Dallas continues

to lead the country in gains over 1935.

Local Securities

(By Indianapolis Bond and Share Corp.) { The following quotations do not represent actual! bids or offerings but merely iindicate the approximaté market level | based on buying and selling inquiries or recent transactions. BONDS ctx Ind Tel (T H) 4's '6l... | el & Tel Ft W a8 33. 3 . Railway Inc 5s 67 Interstate Tel & Tel 52s Works 35s { Morris & 10 Stores 5s '50 i Muncie Water Works 5s '85 Noblesville H' L. & P 62s '47 Ohio Tel Serve 6s .”

1042 105 105 70 1011; 105 103

1031: 103 10613

110° 104 105 8

T H Trac & L 5s | T H Water Wotks | T H Water Works i Tr ac Terminal Co

21 315

‘4 As 3s "49 5s '57 28

{ Gen

APPRCNMATELY BO SCRCENT

INDEXES OF FACTORY EMPLOYMENT AND, PAY ROLLS 1923-25 +100 (WITHOUT ADJUSTMENT FOR SEASONAL VARIATION)

FAOM DATA COMPILED BY US SUREAU OF LABOR STATISTICS. BATA COVER 62 MOUSTRNS FOR "30 AND 90 WOUSTRMS SESNNNG We, OF ALL FACTORY WAGE EARNERS WN TME UNITED STaTes.

PERCENT

{ : J ek fade Yi aa

sali]

rats

att

sala

wi ly datacls

1931

1932 1933

1934

1938 1938

Or JH ELSON (B) CWHCAE) JOURNAL OF COMMERCE AvABICATE

New York Stock Exchange Prices

(By Thomson & McKinnon) Noon N.Y 272 17% 133% 31 9 22% 127% 143% 401% 163s 1673 3234 23% 2612 14% 357s 377s 62s 37%

Low 271, 1734 13% 30%

22% 127% 14%, 40's 1614 167s 32 23%2 2612 14 357% 377% 62Ys

Oils

{ Consol Oil Cont of Del ....

Pet Corp

Shell Un ....... Skelley Oil ...-

Texas Corp .... As Steels— Am Roll Mills.. Beth Steel 7 Byers A M Cruc Steel .... Inland Steel .... Ludlum Steel Tin. Natl Steel Otis Steel “ee Rep Ir & Steel. U 8S Pipe & Fey. U 8 Steel ... 4 U 8S Steel pid.. 138, Warren Bros v Warren P & Fdy 311s Youngstn S & T 81% Motors— Chrysler . Gen Motors .... Graham Mot .... Hudson . Mack Truck .... Nash .

[oy Dre

td ed pt G0 bk

eo Studebaker ... Yellow Truck.... i Access—

ooo No La

Elec Auto Lite.. Elec Stor Bat . Grevhound Houdaille Murray Body.... Stew Warner Timken Roll.... Timken Det Le Mining—

Anaconda Cal & Hecla .... Cerro De Pasco Gt Nor Ore

With the motoring season draw- {Eve Sound ....

Ins Copper int Nickel ..... Kennecott Cop.. McIntyre Mine.. Park

Vanadium Amusements— Crosley Radio ..

Warner Sros . 14'¢

Tobaccos—

Am Sum Tob... 24% Am Tobacco B'. 10172 Gen Cigars Lorillard Philip Morris Reynolds Tob ‘B’

Rails—

Atchison au Coast Lines..

oan Pacific Ch & Ohio Chi & Gt W .. Chi & Gt W CM& WY P Chi N W

92 56%

8373 385s

26!

Sie Gt Notehorn pfd 4 i Centra

C Sou Lehigh Valley on & Nash '.... 93 M & T M ® & T pf N Y Cent a N Y New Haven. 4's NY Ont & West 57s Norfolk & West 2801 Nor Pacific 2914 Penn R R . 40 Eou Pac Sou R R West Maryland. . Equipments— Am Brake Shoe. 60; Am Car & Fdy.. 49 Am Loco . ven 333% Am Steel y... 4415 Bald Loco ...... 33» Am Tk Car 57; Gen Elec . 46'2 Pullman Inc 601, West Air Br 447; Westingh Elec. 14412

Utilities—

Am & For Pwr. Am Power & Lit. 13

443, 23% 113

Air

Crown Cork... Curtis Pub .... Deere & Co. . Eastman Kodak 1730 Gillette ...... cor 14S Glidden Inter Harv Nat Owens Bottle . Rem Foods— Am Sugar Armour . Beatrice Borden Prod Cal Packing Can Dry

83% 207g T4353

Cash Reg. .

Rand

Cream.

Cuban Am Sugar Gen Gen Goods

Baking

cane ST United Fruit Ward k

Retail Stores—

Allied Stores ... Assd Dry Goods. Best & Co Gimbel Bros Kresge S S Kroger Groe ih Macy R H, McCrory St’ McLellan Marshall Dept St

Bak “B”.

Sears Roebucq.. Woolworth ..... Aviation— Aviation Corp.. Boeing ‘Aircraft.. Curtiss Wright. . Curtiss Wri

(A)

orp Utd rrr new Chemicals—

Reduction. Ta

Allied Chem "227 Am Com Alcohol 2853 Col Carbon ....126 Com Solvents Du P Freeport Tex .... Liquid Carb .... Math Alkali ... Monsanto Chem. Natl Schenley Dist .. Tex Gulf Sulph.. Union Carbide. .. U S Indus Alco.. Drugs— Coty Inc

Zonite Prod Financial—

Adams Exp . Alegheny Pot:

“128. 1534 ont ........162% 253g 42 . 34a 993, 3012 . 50% 3% 97 351%

(Dis _ (new)

131, 4

Noon. High, Low. N. Y 82% 2012 T414 1731 149

13%

474

13% 41,

Prev. . close.

Chicago Stocks

(By Atkins, Hamill & Gates)

D. Adams Advance Aluminum Allied Products Asbestos Mfg Butler Brothers Cent Ili Pub ervice pid. Cities Service Commonwealth ‘Edison Sora one Biscuit ... or

Prev. close.

ane Pe 3874 177

Cra Beonemical Drug Eleciric Household ... General Household .. Godchaux Sugar (A) Jarvis Mig

New York Curb

(By Atkins,

ore Lines

Niagara Hudson Pwr Pan-American Airways Pennroad Corp Root Petroleum

Hamill & Gates)

1P. M,

Salt Creek Proqueers Assn... Segal Lock Sunray

Aluminum Co of ,America..,.1321% Am Cyanamid * 1 Am Gas & Electric Am General Am Superpower Ark Natural Gas “A” Atlas Corp Catlin Corp Carrier Corp Creole Petroleum Corp Crocker-Wheeler Elec Bond & Glen Alden (1) Gulf Oil corp. of Penn Lake Long Island Lighting . Mueller Brass

Noon. High. Low. N.Y. 11% 11% 3 8213 116 116 5 13Y

Am Int Corp ... Chesa Corp .... Lehman Corp ... Transamerica Tr Contl Corp .. Building— Am ‘Radiator .. 2234 Gen Asphalt ... 25, Holand: Furnace 37% Int Cement 557 Johns Manville. Otis Elev Ulen Cons

Household—

Col Pal Peet . Congoleum Kelvinator Proc & Servel ren Simmons Bed ... Textiles—

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

New Bond Issues

(By Lyons & Co.)

383,

8 8 2% 21 58% 10%

Allied Stores 5'is

1 Arkansas Gas 4s '51

Cal Oregon Power is '66 Central Maine 4s Central Ill 3%s Quincy Gas & C & O E 33s Chicago West i 45s 62! Chicago Un Station 3lzs 15. . Cleveland Tractor 5s ’45.. Columbus Railway 4s Com Invest Tr 312s ’5 Conn River Pr D & L 33; ’61 Consolidated Sj 3s 81, Ve Cudahy Pkg 33s ’55. Cudahy Pkg ds %50 er ir Edison Tllum Boston 34s 65. .107 Gen Motors Ac Corp 3s ’46.. Gen Motors Ac Corp 3's ’51. Indianapolis Water 3'zs io Iowa South Utilities 5las '50.. Kansas P L 4'2s '65 09 Los Angeles G * B 4 Louisville G & 3 Hey Lou & Nash G E E 4s '70.... 97 Metro Ed 4s ’65 Minn Gas & E Dr 4s '50 ... Narragansett Elec 312s ’'686.. N Y Chi 8t Louis 4s New York Edison 4s '66 ..... Okla Natural Gas 412s '51.... 4 Okla Natural Gas 5s ’46 Pacific Lighting 45s 45 512 Peoples Gas & Lite Wks 4s ’61 081; Penn 33: '70 1003 Penn Tel 4s 65 Potomac El ag] 314s Pub Serv N H '66 Railway Lite, Pike Sagueney Power *4%s San Diego G & L 4s Southern Cal Gas 4s '’ Southern Kraft 41s '46 f So West G B 160 Jian we rea 103% Union Pacific 3s ’70 . 99% Wisconsin Gas & E 3s 66. 11033 Wisconsin Pub Serv 4s '61....104%

Other Lock

(By United Press)

CHICAGO, Sept. 21.-—Hogs—Receipts, 14,000, including 2000 direct. Slow, active and steady 1D = lower than Friday, spots off more $10.50; most desirable, 200-290 lbs., st0m10, 40; 140-200 1bs., grading good and choice, $8. [email protected]; most light and Jed weight sows, $8.50 @9.25; best, $9. ee gt 10. 24,000; calves, 3000. Supply yearlings and light steers. fairly active and steady, but weighty bullocks under pressure; undertons, a quarter lower; kinds scaling over 1100 pounds predominating in crop; about 10,000 Western Grasses here. most y beef cows and stocker and feeder steers, also sizeable run tock cattle in he tock crop from range district; prime yearlings. mixed steers and heifers, $10.50; next highest price, $10.40; these as well as $10.25 heifers. new hig hs on crop but practically mo weighty yea sold; cows steady to '15¢ lower: bulls fully steady; vealers ahout steady at $10 dow Sheep—Receipts, 23,000, including 5700 direct; fat lambs ‘slow, opening Sales weak to 25¢c lower; sheep and {feeding lambs weak, early sales ranges, lambs, $9.75 down; most of natives oid $9. 50; some held, $9.75@$9.85 and abov quality of feeding lambs not ely attractive, little down early. FORT WAYNE, Ind., Sept. 21.—Hogs— Market steady to 15¢ lower; 160-180 Ibs., $9.70: 180-200 1bs., $9.85: $10.05: 225-250 lbs. $10.13; $9.9015 275-300 1bs., : ; 150-160 1bs,, 130-140 lbs,

108% 10415 103% 1027; 48% 10134 9573 98% 101% 104% 106%2 10334 110 10673 99

104% 9974 10435 104%:

66. .

Ibs. $9.50;

120-130 15. stags, "$6.50; calves, LAFAYETTE. Ind.. Sept. 21. —Market. 5@ 25¢ lower: 225-260 lbs. $10@10: 260-280 1bs.. $9.80 9.90; 280-300 1bs., $9.60@9. 70: 300-325 Ibs., $9.40: 200-325 lbs. $9.90@ lbs.. [email protected]: 160- 180 § 140-160 1bs.. $8.75@9: 100-140 ibs.. roughs, $8.50 down. Calves—$9 down. Lamsb—$8.50 down. (By Times Special)

LOUISVILLE, Sept. 21.—Cattle—Receipts. 2100; liberal proportion of cattle run in: the beef class medium and better | steers and yearlings weak to slightly lower: lower grade grassy steers and heifers sow:

57% 101, 3433

Market—

grade

HOGS EVEN TO 25 CENTS OFF AT LOCAL YARD

Receipts Total 7000; Beef Cattle Market Is Steady.

With hog receipts today totaling 7000, the market was unevenly steady to 25 cents lower, with packing sows 15 to 25 cents lower at the Indianapolis Union Stockyards today. Top was $10.25. A cattle run of 1200 head sold fully steady, cows were dull and weak, vealers 50 cents lower. Lambs were mostly 50 cents lower, and the market was off 25 cents on slaughter sheep. Two hundred to 270-pound hogs topped the market, bringing $10.05 to $10.25. Heavier hogs ranged from $10.10 down to $9. One hundred Seventy to 200-pound weights sold from $9.70 to $10.15; 155 to 170pounders, $9.25 to $9. 80; 130 to 155 pounders, $8.50 to $9. 25, and 100 to 130-pound weights ranged between $8 and $8.55. With packing sows 15 to 25 cents lower, the bulk sold between $8.25 and $9, with .a few lightweights bringing $9.50,

Vealer Prices Decline Top price offered for steers today

1% | was $9.75, with the bulk moving at

prices ranging from $8.50 to $9.40. Top heifers’ brought $8.75; medium cows, $4 to $4,75, and cutter grades

, 1 $3.25 to $3.75.

There was a run of 600 vealers today, the bulk better grades ranging from $9 to $9.50, 50 cents lower than Saturday. The lamb market broke sharply, the bulk better grades ranging from $9 to $9.50, 50 cents off from Saturday prices. Slaughter sheep were 25 cents lower, fat ewes ranging from $2.25 to $2.75, with a top price of $3. . Sheep receipts totaled 2000.

HOGS

ept. Bulk. Top. Receipts. $10.30@ 10.60 .60 6500 10.00@ 10.35 4500 10.00@ 10.35 3000 10.00@ 10.50 4000 10.15@@ 10.50 1500 7000

[email protected] fiznt Lights— (140-160) Good and choice..$ 8.50@ 9.70 Medium 8.25@ 9.25 Lightwelenis = (160-180) Sood 2nd choice... 9.25@ 9.90 8.75@ 9.15 9.756 10.15 9.25@ 10.00

10.00@ 10.20 - 10.104210.25

[email protected] 9.00@ 9.95

8.75@ 9.50 8.50@ 8.85 8.25@ 8.75 7.75@ 8.75

8.00@ 9.00 7.00@ 8.75

Mediums Wem (200-220) Good and choice.. (220-250) Good and choice. Heavyweights — (250-290) Good and choice.. (290-350) Good and choice. Packing Sows— 275-350) Good (350-425) Good .. (425-450) Good ... (275-450) Medium Slaughter Pigs— (100-140) Good and choice.. Medium

—Receipts, 1200— (550-900) 9.25@ 10.10 G 8.25@ 9.25 6.75(@ 8.25 5.25@ 6.75 9.25@ 10.10 8.25@ 9.25 68.35@ 8.25 5.50@ 6.75 9.00@ 10.00

(900-1100)

(1100-1300)

(1300-1500)

(550-750) G

Common. medium. Good and choice. . Common, medium.

(750-900)

ood Common and medium Low cutter and cutter . Bulls, good Cutter, com’ and med. bulk.. Vealers —Receipts, 600— Good and choice @ 9 Medium @ 5.00@

(250-500) Good and choice..$ 7.00@ Common, medium 5.00@ Feeder and Stocker Cattle (500-800) Sood and choice . $§ 6.00@ om. and medium. 4.50@ (800-1050) Tomy and choice 6.00@

Common and medium SHEEP AND LAMBS —Receipts, 2000— Lambs—

nd (Sheep and A ee Toate tions on clipped basis.)

Money and Exchange

INDIANAPOLIS STATEMENT

Clearings $2,447,000 Debits 5,823,000

TREASURY STATEMENT (By United Press)

WASHINGTON, Sept. 21.—Government expenses and receipts for the current fiscal year to Sept. 18, as compared with a year ago:

This year ast Year Expenses .$1.446,512 461.61 $1,664,552,341.69 Receipts .. 1914, 472,129.3 913,757,108.62 Deficit’ ... 432 750,795,232.87 Cash bal... 1.912,028,581.35 Pub. det. 33.812 800, 147.48 29.436,446.014.28 Gold res.. 10,770,790,054.59 9,234,560,111.70 Customs 86,460,596.29 84,679,633.18

HEADS RAILROAD

‘Appointment of S. J. Hungerford above) as president and cha an of the board of Canadian National Railways has been announced by the Canadian government. During a long railroading career, Mr. Hungerford rose from machinist’s apprentice to his present office as head of the largest railway system in North America.

STOCK MARKET WEEK IN REVIEW

BY ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. 21.—The

stock market during last week de-

days, and then rallied to around its

starting point so that the net change was practically zero. At the same time, business re-

major lines at a high rate for several weeks to come.

higher. equaling the rate of Aug. 24.

the five days were at 74 per cent of capacity. Actual production of steel ingots totaled approximately 959,000 gross tons, which equals the best for any week since early 1930. Automobile output, according to Cram’s Reports, Inc. totaled 33,615 units, a gain of 25 per cent over the 26,850 produced week, and 167 per cent above the 12,600 units produced in the corresponding week of 1935. This gain reflected stepping up of production on new models which is expected to continue to gain momentum for some time.

Fruits and Vegetables

buyers by local commission dealers.)

FRUITS—Pears -- Michigan Bartleits, bu, $2.50. Bananas—Selected, 1 1b. 5c. Apples—No. 1 Maiden -Blush, 2% up, $1.75; No. 1 Wealthy, 24% 3 80; No. 1 Va. Jonathans, 2%

inches up, inches up,

less, per 100, $2.50. Peaches—Elbertas, 2, inches, bu.. $2.75. Plums—Italian prunes, 16-1b. lug. $1. Srapes—Michigan Concords, 4-qt. basket, 22% MELONS-Cantaloupes bu., $1.75@2; Honey Dews, vine ripened, 8s, 9s-12s, $2.00. grown, 25@ 30c.

VEGETABLES— Beans—Round stringless, bu., $2.50. Beets—Home-grown, doz., 25c. Carrots—Ohis, 599%; 45c. moth, washed and trimmed, Cucumbers—Home grown, bu., Home-grown, doz., 25 30c. rown, bu., 865c. ornia, 4s- 5, That 1b basket,

— Home-grown,

. doz., 60c.

$1.

eppers—Mangoes, basket, 40c; doz. 20c. . Onions—Northern yellow, 5c. Parsley—Home-grown, Peas—Western = Tel.,, hamper, ; Oe ie Eastern Cobblers, 100-1bh. bag, $2.65. Sweet Potatoes Eastern Jerseys, bu. $1.50. Ohio white, 2-doz. basket, Doz. 45c. Turnips—Bu., $2: 45s. Tomatoes—Home-grown, ket, 65c; bu., $1.25.

85¢c. Ohio, doz., Y2-bu. bas-

(By United Press) CHICAGO. Sept. 21 ~—Apples—Michigan, McIntosh, 75c@$1.35. Sweet Potatoes — Louisiana Portoricans, $1.50. Carrots — Illinois bunches, 25 @ 3c. Spinach — Michigan, bu., 50c@$1.25. Tomatoes Michigan climax basket, 25@50c. Cauliflower—Colorado crates, [email protected]. Peas California bu. hamper. [email protected]. Celery —Michigan square crates, 40@60c. Onion market (50-1b. sacks) — Illinois, Indiana and Michigan yellows, 50@60c; whites, 90c@ $1.

Indiana

clined steadily for the first three |

sumed its forward swing to preLabor Day levels, and experts said | the outlook was for continuation of

The steel industry led industry The operating rate came back to 72.5 per cent of capacity,

It was exceded only in the week ended July 4, when operations for

in the previous

(Quotations below, subject to change, are average wholesale prices being offered to

inches

Lemons—Sunkist, 360s, $6.50. Limes —Mexican, carton, 12s, '22'2¢c Persian seed-

Watermelons—Home

Cauliflower—11sCelery—Michigan Mam-

Corn— Kale—HomeLettuce—Iceberg, Cali- |’ leaf, home-grown, 15‘10me-

Radishes— Sage—

GREAT BRITAIN'S RECOVERY LAGS IN MANY AREAS

Railroad, Textile Shares Still Under Normal Levels.

Times Special NEW WORK, Sept. 21.—A persistent lag in some directions as contrasted with robust expansion in some others in England's recovery from the depression is repealed by the Investors Chronicle of London in its latest issue available here. The survey is based on a com~ prehensive set of security averages maintained by the publication, outlining the level of values ruling for various representative securities on April 30, 1928, the low point touched on May 31, 1932, and the high on the advance to Aug. 30 last. With values ruling as of Dec. 31, 1923, taken as 100, both the lag in some activities and expansion in : others clearly are shown ! The composite index, however, was shown on Aug. 28, last, to have recovered to 1294 of normal from the depression low of 68.6 recorded . on May 31, 1932. The current figure is virtually back to the April, 1928, level of 136.1. Among gilt-edge securities, Brit= ish funds which dipped to 110.5 at the 1932 low now is 129.6, against 103.5 in 1928, while corporate funds at 119.7 on Aug. 28, compares with 105.8 in 1932 and 101.4 in April, 1928,

Parallels U. S. Experience British railroad debentures are now at 136.3, against’ the 1932 low of 100.3 and the 1928 level of 104.2 with industrial debentures at 130.7, against 91 in 1932 and 105 in 1928. Ordinary railroad shares currently show an average level of 70.1, against 36.1 in 1932 and 898 in 1928. The condition here is similar to the case of railroad stocks in the United States, where the lag behind industrials has been marked. This similarity of conditions is found also in silk and other textile shares, the British index for the first mentioned standing now at 82,2, against a 1932 low of 56.8 and a 1928 level of 242.6 and the latter at 40.6, against the depression low of 30.1 and the 1928 figure of 102.4. The index representative of first class business which includes ordinary shares of railroads, banks and insurance companies now is 133.5 against the low of 83.5 and the 1928 level of 119.4. The performance of brewery shares makes the best showing in so-called second class business field, the average standing at 3189 against a low of 115.8 and the 1928 figure of 193.2. Passing of prohibition in the United States doubtless was a factor in making that showing possible. The second class business come posite now is at 139.0 against a low of 65.1 in 1932 and the 1928 average of 161.5. In the speculative category gold mining shares stand out in a class by themselves, reflecting the rise in the value of their product from $20.67 an ounce to the present $35 level. That group average is now 240.4, against the 1932 low of 90 and the 1928 level of 113.8.

Breed, Elliott & Harrison

Established 1912 1115 CIRCLE TOWER

GOVERNMENT BONDS

FEDERAL AND JOINT STOCK LAND BANK BONDS

HOME OWNERS’ LOAN CORPORATION BONDS

REAL ESTATE PREFERRED STOCKS AND BONDS BUILDING & LOAN STOCKS

INVESTMENT TRUSTS

Investmen

MUNICIPAL and INVESTME

Raymond D. Jackson 1310 Merchants Bank Building

JACKSON-EWERT,

BONDS and STOCKS

INC.

t Securities

CORPORATION NT TRUSTS

Ross T. Ewert Telephone, LI ncoln 2551

bulk unsold, indications weak to 25¢ cowstuff also slow; few sales weak; bulls unchanged. one load good to choice around 875-1b. vearling steers, $9.50; part load good mixed yearlings, $9: bulk steers early, $6.50@7 plain’ grades mostly $6.50 down: few sales cows in common and medium flesh. [email protected]: cutter grades. $3@ 4: most bulls. $4@5; not much early trade in stocker Cores Receipts 650 opening sales, vealers steady with Friday, but considering a closer sort; some sales weak: extreme (op. 9.50; other better grades. early $8.50@9. Hogs-—Receipts, 400: market 25¢ lower

AT&T Fas Am Wat Kks... Col Gas & Elec.. Comm & Sou ... Consol Gas . . Elec Pwr & Lit. Int Hydro Elec.. Interboro R T.. Int rr. . Lou G & E “A” Nat Pwr & Lit. North Amer Pac G & E..... Peoples Gas ... Pub Serv N J..

r Tr Shs orig! a riv Income Shares ... "Selected Amer Shares Inc... Selected Amer Shs (orig) .. Selected Cumulative Shares. Selected Income Shares. ... Btate 8t Invest Corp . Super Shares ne {Del} Trustee Am Bk B - Trustes Standard Oilsh “A” Trustee Standard Oilsh “B” United Standard Oilfunds .. *Ex-Dividend.

I aBC Brewing Co. com i Beit Railroads & Stk Yds com 57 { Belt Railroad & Stk Yds pfd 5 i Central Ind Power, pid, 7s .. | Home Tel and Tel, Ft Wayne 118.50 : Hook Drugs, Inc 1581 | Ind & Mich Blec Co pid. 1.27 | Ind Gen Serv Co 6s . ... {Ind Hydro Elec Co 17 { Indpls Gas Co 6s . 1.24 { Indpls Pwr & Lt Co td Ss. i Indpls Pwr & Lt pf | Indpis Water Co pid 5

Unlisted Stocks

(By Blythe & Co.) NEW YORK STOCKS a

*Bankers Trust *Central Flanover Chase ...... *Chemical

ot pot

qs...

OME

Tet Cad 3 bk SD dk 0D wd md md OY OODN DEIR ND ND

Produce Markets

iThe prices quoted are paid for stock gathered in the country. while delivered in Indisnapolis the ee is a cent higher.) H breed 5 lbs. and over, Ther " 13c¢:

Leghorn breed | : colored springers. 1'3 Ibs. and : Leghorn springers, 11: lbs and over. 11c. old ducks, white. 5 Ibs. and up. 5¢. geese full feathered. all sizes, 4c: ail guineas 12 Ibs. and up. 15¢: old y No. 1 strictly fresh eggs loss off 22c. Each full case must weigh 55 lbs. gross. a8 deduction of 10 cents a pound under 85 Ibs. will be made. 1 butter, 38C 3c; No. 2, 334 36c Buttectar, 33c.

{By United Press)

CEICAGO Sept. 21. 3 . T875 cases.

: current receipts, Bac; Butter—Market unsettled: receipts, 8083 extra firsts (50-91! score}, Iw . 11@18c: spring chickens, hens, 13€@18'z¢c. ‘turkeys, 18 14@16c; leghorn hens, 11 d roosters. 133,@ l4c. : Twins, J3@18 4 18%; . EE 18%c¢c; longhorns, 18-918 Potstoes—Supply liberal: demand slow: Idaho Russet No.

market: weak and unsettled. Burbanks, $230§2.73: United States 2. 5180: Idaho Bliss Triumphs, $2.10; Washington Russet Burbanks, $2.50: Colorats Red Mi es [email protected]: Wisconin Cobblers. $1756190: United States Be 5 $191.08; Minnesota Cobblers, $1.15

®1.75 shipments

Fresh graded : _dirties, checks,

daisies, 3aC.

; Arrivals, 209: on track. 330: ~ Saturday. 832; Sunday, 78.

LOCAL CASH MARKET

City grain elevators are paying $108 for No. 1 red wheat. Other

No. 1 timothy, $14.50915 Le E15; No. 1 altalfa, second

19¢. |

© Ind Pub Serv bra 5las . Na Ind Pub Cerv pfd 5s { Northern Ind Pub Serv pid Ts 87% { Progress Laundry Co or: 15 i Pub Serv Co. of Ind pid 8s + 26 { Pub Serv Co. of Ind pfd 7s.. 60 | Southern Ind Gas & El pid 6s 10342 Terre Haute Elec Co 6s....... | Union Title Co

2 Chicago Grain Futures

{By James E. Bennett & Co.) Wheat— 5:45 AM. 1.45%: 1.15% 1.14% 1.14% 1.13 1.13¢

Prev. Close . 1 4 1%

13 12

Low

gs — Market

1.18 852 50

1.131% 90%

1.14% 953, 00%

43% 43% 43's

A235 427% 83 8

81'z .80

LC. Johnson. 133 N. Sheffield-av. teration, $150. Farmers Cantuission Association. 335 8.

New Jersev. sign Union Wrecking Co. 334 N. Fulton. wrecking, $100. 3h. Pythian Bidg.. 216 N. Penn.. sign. H Gleck Co.. South and New alteration and repairs. $2200. Jersey-sts. Walter Dunn. 2816 Winthrop-av. double. $2200 Fry lehnson. 3228 W, Wash. -st. alterPrP Kireh, 1022 Chadwick, wrecking, E Chotferd. 425 W. 44th-st. repair.

2035 Northwestern~

al-

Woy pss, > 850

So Cal Béisons Std Gas . Stone & Web. . United Corp. ...

West Union Rubbers— restone .. oodrich Goodyear ..... U S Rubber . US Rory pid Miscelilaneous— Allis coalmers. Am Am Mach & Fdy 22 Brkiyn Man Tr. 56 Burroughs Add. 293; 29 J I Case 1 1562 Cont! Can : Caterpillar Trac T6'z T6%2

Notice to Holders of Indianapolis

Water Company First and Retunding Mortgage Gold Bonds, 4% 1946:

Tia

5612 126

76%

due January 1, Notice is hereby given to all holders of the above mentioned Bonds, that Indianapolis Water Company has called same for redemption and Dayment on January 1, 1937. and has deposited with Bankers Trust Company, one of the Trus the ins Jiongase Secunng same, necessary redeem and pay all ny sata Bonds ed with a premium of 49. together with accrued in to said “tedemption date. Any holder of such Bonds. may. sat the option of such holder. spon presentation and surrender of such Bonds, together with all appurtenant {oipans “ibe” of on Sod athe: January 1. 1 t ce Com § Wall Street, New York City. New oT. rb payment, prior to said eder ion date of the principal amoun such Bonds, together with remium and thereon to

*Guaran *Irvin

FIRE INSURANCE

*Aetna Fire. Insurance *American Ins of New York Baltimore American .

Federal Insurance Great American Insurance. Hanover Fire Hartford Home INSUrance ......... National Fire

BX eas

U She Venasan Westchester Fire rc inine

*Ex-dividend.

Thomson & McKinnon

NEW YORK CHICAGO TORONTO BOSTON SOUTH BEND FT. WAYNE EVANSVILLE

Indianapolis Office

National hah titi . North River

cea

snsrnansee 169 *Manufacturers ......... “vise 5112 National City [ First National Boston *National Shawmut

than Priday and Saturday on all weights: top. $10 on best 200-250 lbs 130. oF oe. $0.75; 255-300 1bs.. $8.40; 05 bs. $8. 5: 135-175 ibs.. $8.60; 120-140 Tos, ne 96:

SOW. Sheen Receipts. 1500, 500 stock ewes on sale: fat lambs steady:

Receipts Saturday:

Saturdays Cattle, hone: sheep, none

9; calves,

including about

early run includes a few lots choice at I 35 bulk better grades mostly 39 few,

S$ . calves. 150; hogs. 43: sheep. 70. Shipments 200; hogs,

| 204h Century

L1-6122 2: ETERS L1-6122

ILLUSTRATIONS, RULBD FORMS, DRAWINGS OF PLANS, RECORDS. Etc Top size 14x20" —In Colors—Any io

Bemis Letter Service 305-307 Merchants Bank Bldg.

MEMBERS

New York Stock Exchange. New York Curb Exchange. New York Cotton Exchange. New Yorks Coffee and Sugar Exchange. New Orleans Cotton Exchange. Chicago Stock Exchange. Chicago Board of Trade. Winnipeg Grain Exchange.

And other leading Exchanges.

SAVINGS INVESTED ; IN THIS ASSOCIATION

INSURED

UP TO

$5.000

LOANS

speedily are you reducing the principal of the

loan on your home?

Refinance your present loan with’ us and enjoy the principal reduction advantage our plan gives

you. You do not have a large

sum coming due every

six months. Your loan payments, including both principal and interest, are made monthly over a

period of years.

Come to our office. change can be made. your present one. sonal service and contact. |

Let us explain our easie

Find out how easily this Compare our plan with You will enjoy prompt, per-

r, speedier, more con=

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ATrINS sss