Indianapolis Times, Indianapolis, Marion County, 22 September 1936 — Page 19

Stock Values Increase

Market value of 50 representative stocks on the New York Exchange at the close of business Saturday was $21,425,631,125, compared to $21,360,391,125 the preceding week and a 1935 comparative of $14,703,917,250, Paul H. Davis & Co. reported.

York Bonds | SKILLED LABOR = SHORTAGE SEEN IN NEAR FUTURE

Re-employment of Relief Workers Difficult, Says Writer.

0 ®

Trends

Conflicting Business Roles Are Unwise, Flynn Says. ieee BY JOHN T. FLYNN ™EW YORK, Sept. 22 —Mr. Gaye

the Wall Street

Abreast of The Times on Finance

TUESDAY, SEPTEMBER 22, 1936

New York Socks PORKER PRICES J REMAIN STEADY

{1928 Average Bquals 100) 20 20 20 © Phax 1058 T ; 98.4% : { U 8 Ind Alco.... 35% Satur: 2. 28.0 105.7 : . , 87. . - 9868 | Am Tel & Tel Drugs— : \ ; ove 91. , . 87.4 | Arm & Co (Del)

Top Is $10.25; Cattle Mixed, | i538 Hien Sa 3]all Soest Line Huu With Cows 15t025

X—New Hi h. 533 Cents Off. | U. S. GOVERNMENT BONDS Beit

PAGE 18

BIGGER DEMAND | LIFTS FARMERS’ z "36 CASH INCOME

Increase of 11 Per Cent Qver a 1935 Estimated hy | U. S. Bureau.

New

Thomson & McKinnon) Yesterday)

Noon Prev Close Close

| Math Alkali. “es

871; | Natl Dis New. . 30% {| Schenley Dist... 51's { Tex Guif Sulph. 371%

and

Se-

of Dominick asked by the xchange Commission ieved that bankers sponscoring the securities should De permitted to manage investment rusis Mr. Dominick

3 ¢

60 Alleg Corp-5s °' Bonds | Alleg Corp 5s '48 988 Am Frgn Pow 5s 2030

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Consol Oil Con

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ent r &aie of Coty Inc { Un Drug (new | Viek Chem ..... Zonite Prod ...

Financial—

| Adams Exp Allegheny Corp.. i.Am Int Corp .... Chesa Corp | Transamerica .. { Tr Contl Corp ..

Building—

{ Am Radiator | Gen Asphalt .... 2435; | Johns Manville 11812 | Libby Owens Gls 67% Otis Elev 275 27% U 8S Gvpsum .... 10034 | Ulen Cons 37 Va 74 37%

Household—

{ Col Pal Peet { Congoleum . . | Kelvinator [ 2 01g Mohawk Carpet. 2314 Proc & Gamble.. - oon ~Servel Inc cae Simmons Bed ..

Textiles—

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g (Copyright, 1936. by Standard Statistics) said he did. Re- ma member an in 1 vestment banker's (By Abbott, Proctor & Paine) Beth Steel >. . Treasury Chi 3 5 ? Chi Mil & St P 5s 2 An active and steady hog market | 1984 : > Cieve Un Term 5s ' "| fea most prices even with yester- (33.s 1343.39 +. 113. S| Cen inn 1 day at the Indianapolis Union 1941-43 .. Col Gas 5s '61 | Stockyards today, although packing ofa Gah Pic PrP ias | sows were 25 cents lower. Cattle

1944-48 Big Four 4!:s were mixed, light steers and year-

N03 oh ve eee aad ae NNT ®

BY RALPH HENDERSHOT

Times Special Writer

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Times Special WASHINGTON, Sept. income from farm products market-| steels— rp n av Am Rol securities. {ed in 1836 plus government pay-|4™, Ro Dominick there- [ments will reach a total of approxi- inland. Steel x i a 2 L fore says that | mately $7,850,000,000, the Bureau of | Ludlum Steel he thinks the |, ural Economics estimated | One Bree 1 _.lne oy : s = \s a same firm should | i : ted | Rep Irom 4 Sisel 24% ] allowed to | today. { Rep 1 & Stl pfd 11s, ze the bus- | This compares ‘with $7,090.000,000 | J 2 Fipe & Fdy. 32% { for the calendar year 1935, includ- | ¥ 8 i pid.. 138; 8 i arre ros {ing government payments, and $4,- Ey TH 328,000,000 in 1932, the depression | Motors— { low point in farm income, the report said. c “This increase of nearly 11 per Grah cent in farmers’ cash income from |jaos®Tvuck { farm marketings f rom 1935 to 1936,” | Nash the bureau said, “has been largely |Rackar re the result of increased demand for | St Juche Lee , arodiie t= Q vernment va Xeliow TUCK +.» m products, as government pa} Motor Actus ments during 1936 are expected to |p.nqi | be considerably smaller than in Bohn “ina 1935. Bo Warner .es

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is of

09 =

Nor Pac 3s 2047.... Nor Pac 6s 2047 Nor States Pow 5s ' New Orleans Term Penn Ry 4s ’'63 Penn Ry 413s’ Penn Ry 41s ’ Penn Rv Pac G Portland Gen Para Publix 6s ’ Penn & L 4%2s '81.. Postal Tel & Cab 5s '3 Rem Rand WW 4l4s '3 ) Shell Union Oil 32s 51 ...... { | Sou Pac 4'2s '81 Sou Pac 4s 49 Sou Rail 4s ’ Sou Rail 6s '3 Sou Rail 628 '5 Texas Pac 5s ' Union Pac 4s IU S Rubber 5s ’

i Brig eg

: 1 ing t first sev non Budd Mfg’ invested by small investors in in- | “During the first seven months of | dd Wheel . oy ir mf ~« | this year, government payments | Eaton Mfg Testment trus Most of it was | total ted $193.000.000 ( red ih | Bre Aro Tile Jost. And most of it was lost be- | - : compared with | Elec Auto Lite... cause the investment trusts fell Bs payments the first | | Grevhound 3 2 i ‘ . Ie 'e 1t - | Houdai “vs into the hands of investment 000), mo Fn 1935 o 3205000, | He ody bankers whose primary interest was while cash income from mar- stew warner ... witips thew did | ketings was $3,831,000,000, or a total | Timken Roll _. in selling securities. And they did f $4.024.000,000. For 1933 : | Timken Det Axle unload vast quantities of their cats | of or 1933, govern- | Mining— and dogs into the trust funds that [rent payments totaled $162,000,000; | Alaska Jun t Yo ; YS : had been committed to their care. | {OF 1934, $556,000,000; for 1935, $583,- | Am Metals

' + Am Smelt Jt i= one of the most shameful |000,000. No payments have been | 30 Bme ghapters in American finance,

®®

NEW YORK, Sept. 22.—Nearly 5,000,000 workers have been returned Chi & N West dhs wo ou) . n S ie lings and better grade heifers open- Desa : ing steady, with medium weight and NY Dock 5s retary of Labor Perkins. Brie 3 LE, That is a remarkable showing, and lower for the week to date. | Two hundred to 270-pound hogs | i949 oH 10131 101.30 | Gen Sil Cast WW #155 i011. progress. But there are approxie Ill Cent 7 ini | 300 pounders, $9.65 to $9.95; 300 to 3s g 3.2 327 | 11l Cent 3 mately 3,000,000 remaining onthe | Amer Woolen 8 8 8 | 325-pound weights, $9.30 to 41s | Belding Hem ... 14% 1414 Jared Tol & & Id 4 quently, still is with us. | Gotham Hose ... 10% = 101 10% Lighter weights ranged downward ’50 President Rooseveli has set. aside g | Indus Rayon ... 35% 35'a 35% from $10.15 to $8, 170 to 200-pound Mo Fan Te She 3s '61. which now is engaged in the work to 155 pounders, $8.50 to $3.50, and DIVIDENDS RISE N'Y Cent as 2013 3 of finding the right man for the (By Atkins, Hamill & Gates) 100 to 130-pound hogs, $8 to $8.55. v6 Prev. Nor Amer Co 5s '61.. plovers up-to-date lists of men quale 4 . ified by skill and experience to do Advance Aluminum : 9% 6000, with a holdover of 135 head. Three Companies Announce Berkhoft 13% formed by the government. EmployCr On Edican scattered sales of yearling steers Dixie Vortex Cup cutter grades, $3.25 to $3.75. Cattle General Household 3 prices were fully 50 cents higher, Katz Drug ing $10.50. ranging from $9 to $9.50. Slaughter receipts were 200.

ON = BD BI OB i CD ht et OY OO NOOVP=TWNODOW-IDON om Ae Ga »

ers undoubtedly will be grateful for the assistance given in finding the men they wish, and the men will be made extremely happy in being taken from jobs they regard as little short of charity and placed in a position in which they can be selfsupporting individuals again.

Re-employment Difficult Task

IY § Rubber ne J It will be no easy task to handle BOR 3 37 : this re-employment job. In all : probability the best already have been selected. Many of those who remain will, for one reason or another, prove unable to take hold where they left.off when the depression overtook them. Some will be hroken in spirit, while nthers will have become so accustomed to the easy, careless ways on relief projects that they will find it difficult to meet the efficiency requirements in private business. But industry is moving ahead rapidly, and it will be needing men in large numbers as it gets into the" swing of the fall and winter seasonal upturn. The so-called heavy I rays 0) industries are getting busy for the Associated Telephone 4s ’65 .. first time in years, and the build=PX QO arels 39, 1011 Js ling trades are becoming increasinge Cal Oregon Power 4s 66 ly active once more. The outlook Central Maing 2.55 for re-emplovment is good. Quincy Gas & Elec 3s "66. ..... Lack of Skilled Workers Seen ez Fs ‘96 Skilled workmen wil] be at a pre= Chicago Un Station 313 mium before many months roll | Sleveland Toomer 5% 4 around, in the opinion of many obCom. Invest Tr 33s '5 servers. A great number of-those Sn Rive Fi Pa Lous "61. who held key positions a few years Cudahy Pkg 3%s 155 ago have since passed the age where Cudahy Ske £5’ 50 Sot they can take hold again. RelativeGen Motors Ac Corp 3s 46 ... ly few younger men have been Gen Motors Ac Corp 3'zs ’51.. trained to take over these jobs. Any Indianapolis utilities Bi 58. number of those who now are unKansas P L 425 85 employed were still in school when Tovisviiie G a & Es 66 = 1 the depression broke. : Lou & Nash G & E 4s '70 In all probability the full toll of Mo aE rds the depression has not yet been col= Narragansett Elec 315% 66 lected. Industry is likely to discover this fact when the wheels begin to turn a bit faster or when they start to carry out plans for expansion. How much the inexperience of available workers will slow up progress, and what the cost of training them will be, remains to be seen. But it is a fair guess that the effect will he felt for several years.

SNC

8 nN

Times Special CHICAGO, Sept. 22. — Three baking companies have declared extra dividends or larger regular payments, fulfilling expectations of market followers who recently have displayed greater interest in this industrial activity, it was learned today. Stockholders of General Baking Co., Continental Baking Corp. and the Horn & Hardart Baking Corp. are the recipients of the larger distributions. General Baking announced an exira dividend of 10 | Denmark fies 55 cents and the regular quarterly fely is,5 ; payment of 15 cents on common | poland 7s '47 Sok, Both Passi Sav. 2 to hold- Home §1as 2. Continental resumed dividends at the full rate on its 8 per cent cumulative preferred stock when it de.clared a $2 a share in place of the $1 quarterly paid on the issue since Jan. 1, 1933. The dividend is pay- | able Oct. 1, and the record is Sept. 21, the report said. : Horn & Hakdart Baking, Phila- | delphia, declaryd a dividend of $150 a share gn common stock, which represepfed a raise in rate as the company previously paid quarterly dividends of $1.25 a share. The dividend is payable Oct. 1 on stock of record Sept. 19, the report stated

ATTEND INSURANCE MEETING IN BOSTON

The 1938 meeting of the National New York Edison 4s 66 ia ti i sri t la Natural Gas 45s Association of Life Underwriters | Qkia Natural Gas 5¢ 16 2 ” 3 acific Lighting 4'2s °’ 951. yas sought for i Rusy Peoples Gas. 1 tite a os oi oars Ti in- enn R R 3%s 3 y a group of un erwriters and in Penn BR} 2%, : surance men attending the national Potomac El Power 314s '66.... convention this week in Boston. Railway Lite 4125. se Ernest A. Crane, national trustee, Sagueney Power Jus '65 headed the Indianapolis group. C. C. | So0ihera cal Gas ds * Robinson, Indianapolis, editor of Southent Krai} Ls '46 “Life Insurance Salesman,” is t0 ad- | Wisconsin Gas 4 B 3155 #6. dress the convention. Others from | Wisconsin Pub Serv 4s '61 .... here who are to take part are Mansur B. Oakes, field consultant, and Herbert A. Luckey, national committeeman from the Indianapolis association. Indianapolis has three members who are to take part in the “mil-lion-dollar round table,” members ow 4

; $28.50 a share, it was learned today. who have written $1,000,000 or more | pan” ig ‘933, in life insurance in a year. They 3 891% 88%

AUTOMATICALLYQ® % are: Julian W. Schwab, J. Frank toning

+ Holmes and Ralph L. Colby. anes 421, 42la 42% LL. 6122 J Four Indianapolis men who qual- vy : He | Genuine Typewritten Sor Bo Shore fied as chartered life underwriters 3 Hands. Use them to increase Sales, 1936 and who are to receive their Collections, Prometivuy, eit. iplomas at the commencement of Bemis Letter Service the American College of Life Un- 303-307 Merchants Bank Building derwriters at Boston, Thursday, are J. Russell Townsend Jr., Guy E. Morrison, Frederick D. Leete Jr, and John. L. H. Fuller. are Carl F. Maetschke, D. Earl McOthers attending the convention Donald, Dan W. Flickinger and Paul Speicher, managing editor of the Insurance Research and Review.

i'made so far this year under the ag-|C2l & Hecla .... : : ~ Cerro De Pasco. ricultural conservation program of! Dome Mines

the Agricultural Adjustment Admin- 1B No istration.

=n n = HE subject is not an It is not a question of iers or economists

Lion Oil Refining McGraw Electric Noblitt-Sparks Sundstrand

Zenith New York Curb

(By Atkins, Hamill & Gates)

intricate

one. Warner Bros 6s Western Union 5s '60 . Youngstown 8 & T 4s ' . Youngstown 8S & T 3'zs ’51 ..

FOREIGN

finance for financ to answer. It is one of human conduct which almost any man can [ing the have an intelligent answer about. ;into consideration the probable efThere 15, of course, na objection to | fect of the drought upon farm marmen in business occupying dual |ketings. While the immediate ef- _ yoles—that is, performing several [fect of the drought on cash crops | different functions, though that is |1s to reduce supplies available for abused. What is wrong is to per- |sale, the prospective decrease in mit them to occupy dual roles [supplies is usually accompanied by which are contradictory or hostile. |2 marked increase in price. A man might be a purchasing “As in 1934, the increase in price | agent for two different companies, | during 1936 has been'accompanied |

to private jobs since the depression's Chesa Corp 5s low in March, 1933, according to Sec= Del & Huds 4s’ heavy steers very slow, other heifers 1 dull, and all cows 15 to 25 centsi3 es i: . 2 Home Owners Loan Sp, hase Gre Northen 3 it is the best evidence possible that the recovery has made considerable { ranged from $10.05 to $10.25; 270 to 19 103.18 103.19 |Hud & Manhat Ref bs '51.... 3834 | 290 pounders, $9.85 to $10.10; 290 to |,,, _ esa Ia Soni fus $9.85 103.2 |Interntl Hy 5 eps P44... 9) 97s. | gOVernment’s emergency work rolis, 1 and weights above 325 pounds (inte Is Tel The unemployment problem, conse- | Cel C 1.28 28 2 - T 9.65 & | Coline Aikman. 38% 37 38% 56° |Yansed from $9'to $9.65. ) y hich Valley ds 2003, i ) MeRess & Rob 5 $4,000,000 for the maintenance of the Nati : . | rete | weights bringing $9.70 to,$10.15; 155 Natl Stee) ds 65, National Re-employmens, (Service, Chica 0 Stocks to 170 pounders, $9.25 to $9.80; 130 Nickel Plate 4125 g , N YV Cent 45:5 13 right job—in private enterprise. It : = N ER ts * : : : Packing sows ranged from $8.25 N Y Cent Conv is proposed to offer prospective em Close | tg $9.25, top $9.50. Hog receipts were J D Adams . . , 19 $ P 55 2 P | Advance All P the jobs they may want done. Bastian-Blessing SL 1 : Cattle Receipts Total 2200 Larger Payments to No greater service could be pore Butler Brothers 133 Top steers sold for $10.15, with Cities Service 4 Stockholders. Consolidated Biscuit from $9.35 to $9.75. Top heifers Cord ; : 4 | brought $9.25; beef cows, $4 to $4.75; Economical Drug receipts totaled 2200 El Household o> : goific Housshe With 700 vealers on the market, _ | Godehaux Sugar 4 rea aKes e Feage with the bulk better grades ranging from $9.50 to $10, and a few bhringLambs were mostly steady, the bulk better grade ewes and wether sheep were steady, fat ewes bring- | ing $2.25 to $2.75, top $3. Sheep

Ins Copper Int Nickel ie Drought Is Factor {1c Creek Coal | nv toy Kennecott Cop.. | “Am mpt to foresee the probs | Lennecolt pop--able course of farmers’ income dur- | Park Utah ' { Phelns Dodge g coming months must take | St Joe Lead : U8 Smelters ... 78 Vanadium Argentina A 6s Amusements— Aluminum Co of America FL ant = Crosley Am Cyanamid * : Sept. 7 Am Gas & etc 1 16. Am General y ’ 31 11. Am Superpower 3 Y 18. Ark Natural Gas ° 5 119. Atlas Corp 21. 10.05@ 10.25. Carrier Corp 1 22. [email protected] Creole Petroleum Corp ; Light Lights— Crocker-Wheeler (140-160) Good and choice..$ 8. Elec Bond & Share Medium Fisk Rubber Lightweights— Ford Motors Pineda AY (160-180) Good 2nd (1

Glen Alden Mediu "(180- 200) Good Wd

Bulk. $10.00@ 10.35 [email protected] 10.00@ 10.50 10.15@ 10.50

Radio Corp Paramount RK Warner Tobaccos— Am Tobacco '‘B’'. 100%; 100% 1003% Ligg-Mvers ‘B’..104 0 104 1047% Lorillard 2234 ; 223, 22) Reynolds Tob ‘B’ . 58 557s Rails—

oo 0903 Od

New Bond Issues

Allied Stores 5!2s

Some © OO ©LO»W P Dm HO B-I1-1k) BLY Su wran nan

OD ~I0UI-3 A P99

~1%

Io Me Poe pfd N ¥Y Cent ..... N Y New Haven Norfolk & West. . Nor Pacific se D Penn , Rrading Sou Pac Sou R R West Maryland..

Equipmenise

Am Car & Fdy.. ! { Amer Loco oa 4 Steel Fdy.

2 2 z —Receipts, 2200—

A N investment trust is an institution organized to handle inyestments—to buy stocks and bonds. Jit is supposed to give its stockholders expert selection of securities. expert - management of the porifolio and wide diversification or safety. What could be simpler than to say that no man who is in the business of selling stocks should be allowed to have any part in managing such a fund. It is not merely a question of honesty. No man's judgment can be trusted to

gct with the soundest intelligence in such a contradictory situation.

(550-900)

Local Securities

(By Indianapolis Bond and Share Gorp.)

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

- — VOPROCOINVONPOO

C (900-1100)

C (1100-1300)

PODBOIRBONDDD Oo=1D WWIII =I COUN DS DLL INU A SERENE Din DI Den =I 0I BD rt TDI BI bt ooWwoumrpith Lic van

M (1300-1500) G

(550-750) g

medium. (750-900) Good and choice . Common, medium.

QUST ~1~1 QLoun

ood Common and medium Low cutter and cutter Bulls, good os Cutter, com. and med. bulk...

Vealers —Receipts, 700— Good 2nd choice

Dut, GDL “IO a3uy Io wLpuen

but he ought not ‘to be a purchas- | by unusually heavy marketings of | aichison finuvee % 81% 831 |Greenfleld Tap & Die Corp“... ing agent for one and act as agent many farm crops early in the crop OC : 3 38; Ni 3h a loco Refining. Co -... Mediums Weig Sam for some company from which he marketing season. This has resulted | can pacific .. : : 2 123 |Imperial Oil of Canada (200-220) Good and choice. buys at the same time. lin a marked increase in income in| Ch & Ohio .... 1 oR ne Hts and choice; It is 1esti f curtailing th | June and July, but is likely to be|cni N w_ 2 Mueller Brass: ... (250-290) Good and choice. tL 1s a question ol curtal ing ne | followed by a greater than usual |Dela & Hud ... Natl Bellas Hess Inc (290-350) Good and choice. activities of honest men. Unfor- oo a Del Lac & Ww .. 3 Niagara Hudson Pwr . Packing Sows— : ah seaesona cline in income from | Erie 175 3 an-American Airways (275-350) Good .. tunately, if you let honest men do aesonal dec] f > d C : : { st Im Erie 7 ennroa orp . . (350-425) Good .. these things, you must let dishon- ices crops as the season progresses. | 5° 0% pid St Regis Paper Co (425-450) Good .. est men do them and it is dishon- |. The Probable trend of income |Ii Centrai . Segal Lock -. 1275-450) Medium £€3t me m 1 18 $ | from livestock and livestock d Lehigh Valley. Sonotone Slaughter Pig est men who will flock to the op- €SIOCK prod- | ym Sterchi Brothers Stores / (100-140) Good { and chpice.. portunities thus presented | ucts during the next few months Fuviee Chaiilion CorBiveovr,ve Hi 11% Medium 0 > . |is somewhat different from that FCATicolor me he from crops. The immediate result | of the drought on livestock market- | ings is to increase marketings because of a liquidation of numbers of livestock kept for breeding and feeding purposes. This year, prices have indicate the approximate market level been sustained fairly well in the based on buying 2nd se/ing inquiries or | face of this liquidation by improved ’ BONDS consumer demand arising from bet- | Am Steel F 2 | Gitz Ind Tel (T H) 4as '61...102% ter business conditions. Cash in-|{Gen Am Tk Car 5 H I & Ts! Ft ¥ sia *43...104 iv - . > 3 ; 4 el & Te S’ come from livestock has, largely for Sen B= Sia 46 Ya | Indpls Railway Inc 5s '67..... | this reason, tended to increase sim- | Pullman Inc ... {| okoms wie yo Sus 53. SIV wi : West A Br. okomo ater orks 5s ve ultaneously with a depletion of cap- | wet SF Bot ie Morris & 10 Stores 5s 50 .... ital assets in the form of stock on| ytirities— Muncie Water Works 5s '65 .. hand ; : Noblesville H L. & P 62s '47.. : M Pr t Am Fo, 43 % Lit Rien oT Ww 5s 157 57 Mor y - I & : ichmon s 2 ayments Expected AT&T Seymour Water Co 5s ’49 “There is a tendency for the mar- | 4m Wat Wks... Idec gL fete keting of livestock products to de-|Com & Sou...... TH Water Works i As a matter of fact, most honest |cline in line with the marked short- | grasCL Gas, -. Trac Terminal Co 5s men will refuse to be put into such [age of feed supplies following a [Int Hydro Elec.. & position. | drought period, but the effect of this ? 1836 NEA Service. Inc.) reduction in output of livestock

Indpls Water Co 3'as V2 STOCKS

ABC Brewing Co. co Belt Railroads & Stk Ya Belt Railroad & Stk Yds pid 2 Central Ind Power, pfd, 7s... 25 Home Tel and Tel, Ft Wayne. 52Y2 *Hook Drugs, Inc 18% *Ind & Mich Elec Co pid 7s..106 *Ind Gen Serv Co 6S8.......... 99 Ind Hydro Elec Co Ts Indpls Gas Co 6s *Indpls Pwr & Lt Co pfd 6s.\. *Indpls Pwr & fd 62s... *Indpls Water Co pfd 5s

26,198 SHARES OFFERED Times Special CHICAGO. Sept. 22. —Offering has been made of 26,198 shares of Com= mercial Investment Corp. $1.75 convertible preferred stock by the Chicago investment firms of . Sadler & Co. and Stoker Woolf & Co. Inc., at the initial offering price of

ph bt ai BIRD SI

iCopvright

Interbore R — products is usually about offset by

VACANT PLANT BOUGHT | increased prices and income tends

(250-500) Chicago Grain Futures

(By James E. Bennett & Co.) 9:45 1.14% 1.13% 1.121;

Sood and choice..$ 7.00@ ommon, medium 5.00@ 7 ete and Stocker Cattle (500- Boor Good and choice.. $ 6.00@ 7.00 Com. and medium. 4.50@ (800-1050) Good and choice 6.00@

PE TN) aN ART ee

Nat Pwr & Lit.. {to be maintained, especially if bus-

North Amer : < - | United os iness conditions are stable or im Us as Tap. Ut Pwr & Lt “A” Rubbers—

Firestone

Low 1.141% 1.13% 1.12%

Times Special ANDERSON, Sept. 22—_Sale of | Provine. ? SON, 23S: oe “ the Lavelle Foundry property to W. | mens to farmers oH the Sop H. Forse and his son, H. Donald © ation an OMIESLIC 2 '0l= | Soodrich : ment programs are expected to : Nor fInd Pub Serv pid 3'zs.. Forse, manufacturers, was complet- | th K iP sb CocdyeRt os 24! : Nox hern Ind Pub Serv pid : reach their peak aroun e be-U ber... * | Nogthern Ind Pub Serv p ed foday. The property is to be age i th i |U S Rubber pfd y Poe erD faanty To used for expansion of the Forse 'g : la earlier pay] Miscellaneous— Bul Serv Co. of Ind pid 6s . 28 EE 7 : ment an now are antici i erv Co of Ind pfd 7s... Jlanufacturing Co., makers of can- as : fe ticipate f Allis Chalmers Sothern Ind Gat & BL pfd 65103 vas window shades and venetian | wou tend to increase the income i Am Na & Fdy Terre Haute Elec Co 6s 98 blinds, and the Forse Equipment Co., | Guring 1936. On the other hand, | ha 3 manufacturers of steam pressing |S

Anchor Cap | Union Title C *Ex-Dividend. | should payments be made later than |Brkiyn Man Tr. machines for laundries and dry | cleaning machines.

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

1.10 94 8973

wes— : (90-170) Sond and choice. Cqm. and medium. 1.25@ {Sheep and lamb quotations on clipped basis.)

| Burroughs Add is now anticipated, it would tend.to | Contl Can aterpillar Tract

4 1. | reduce the amount of income farm- | Satery Cork. Investment Trusts |ers would receive from this source Deere & Co 7 73 2 (By Thomas D, Sheerin & Cv.)

Other Livestock

(By United Press)

CHICAGO, Sept. 22. — Hogs—Receipts, 15 ,000, including 1500 “direct j Senetally B00 15¢c spots a quarter, lower than Mo 2 hi 10.35; bulk desirable 200-290

140best sows, Cattle — "Receipts, 10,000; calves, ®2000: medium weights and weighty steers very dull; largely 50c lower than last week; specialty market on light yearling steers and heifers fully steady, in a two-way trade on cattle scaling 1000 lbs. down ond 1050 upward; early top yearlings, $10.35, some held higher; best medium weights, $9.50 with most buyers Blading $8.50 cn very fat but rough 1500 to 1600-1b. averages; stockers and feeders generally steady, fairly active at [email protected]; late

Asked

-25; most well- finished,

LOCAL CASH MARKET | during the remainder of the calen- | Giieite Wheeler. 3 : Adiinisieted Fund. 2d Bi a | Gilet Ai Ir 11% 110 | Administered Fupd 24..... se City grain elevators are paying | 98T year.” Int Hooy Mach... 80 Aiisted Tung, eas Shares. . ! $106 for No. 1 red wheat. Other pe | Nat} Sai Beg. 25% Broad Street Investing grades on thelr merits. Cash corn, Unlisted Stocks | Rem Rand Tun new No. 3 yellow, $1.01; oats, 36¢. (By Blythe & Co.) Foods— Corp “AA” or ‘‘Acc” oes - Hay—No. 1 timothy, $14.50@15; No. | NEW YORK | Armour so La {unmody. 1 clover, $14@15; No. 1 alfalfa! Borden PUG : 77 “Diversified Trustee Shs first cutting, [email protected]; second cut- | (Bankers Trust .... | Sont Bak. An Diversified Trustee Shs “V 2 B, 3 QU, 1 t= | «Central Hanover Gorn Brod =~ Diversified Trustee Shs ting, $16.50@ 17.50. {Guban Am Sugar Dividend Shares. Ine ; 4 enera nvestors rus j Gen Baking : Incorporated Investors

AVERAGE

Invéstors . Market St Invest Corp Maryland Fund Massachusetts Investors Mutual Investment Fund

Fruits and Vegetables

Quotations below, subject to change. are - average wholesale pr n ional City Boston Natl Biscuit

buyers by local comr

FRUITS —Pears — $2.50.

Michigan Bar le Bananas—Selected, 1 Ib, a Maiden Blush. 2!3 inct

| 113 tional Shawmut i FIRE INSURANCE *Aetna Fire Insurance

Natl D Pred { Purity Bak

| S Porto Rico sug 3

Std Brands

*Nation-Wide Voting ... . North American Tr Shs 1955. North American Tr Shs 1056 . North American Tr Shs

Monday desirable westérn vearlings at $7% 7.50; most stock calves selling at $7.50 down; entirely too many long-fed weighty steers in crop; all grass she stock under

forig) ressure; bulls fairly steady, however, at 8.75 down and vealers active and firm zt $10 down; selects making 810.50@ 10.75. Sheep—Receipts, 15,000, including 1200 direct; fat lambs, slow; weak to 25¢ lower; sheep and feeding lambs little changed; good and choice fat natives hid $9.25@9. 50; asking $9.75 and above; medium to choice native ewes. [email protected]{ top, 64 lbs, feeding lambs, $8.60. FORT WAYNE, Ind., Sept. Market, & 260180 Ibs, $9. ot gi 300 1 . $10.05; 225-250 ibs., 9.90: 275-300 Ibs, $9. 40; 150-160 Izs.. $9.15: 90; 130-140 lbs., $8. 65; 120-100-120 lbs., $8.15; roughs, stags, $6.50; calves, $10: lambs, $9.

FILES

Filing Supplies, | Guides and Folders

=| W. C. Brass Tg

1 Wealthy, 2% inches : No. 1 Va. Jonathans. 2%; inches up, Lemons—Sunkist, 360s, $6.50. Limes — Mexican, carton, 12s. 22'3c Persian seed- I Jess, per 100. $2.50. Peaches—FElbertas, 214 | Federal inches. bu., $2.75. Plums—Italian prunes, reat 16-1> lug. $1. Grapes—Michigan Concords, | 4-qt. basket, 227z¢ MELONS —Cantaloupes -— Home-grown, | bu. $1.75@2; Honey Dews, vine ripened 8s Se-12s £2 00. Watermelons—Home grown, 354 30c. VEGETABLES —Beans—Rou bu _ $250. Beets—Home-gr own, Carrots—OHNio, doz. 45¢ auliflfower— 12s, crate. $1.50. Celerv—Michigan moth, washed and trimm ucumbers—Home gro Home-grown, doz. rown, bu. 85c. Lettuc

Un Biscuit | United Fruit | Ward Bak * Retail Stores— | Allied Stores { Assd Drv Goods.

*American Ins of New York. .e Baitimore American .. ity of New York in Pire Insurance American Insurance { Hanover Fire Hartford Home Insurance Na a ir

- 1 Quarterly Income Shares B".. a : Selected Amer Shs, Inc ... = Selected Amer Shs (orig) Selected Cumulative Ens. Selected Income Shs ... State Street Invest Corp Supervised Shs, Inc (Dela) Trustee Am Bk B xin Truste€ Std Oilshares “A Trustee Std Oilshares “B”... United Std Oilfunds *Ex-Dividend.

{ Kresge 8 8 ..... | Kroger Groc .. Macy R H .... i MoLellan St.... i { May Dept St.... i West chest er Fire 41 VR 1 Mont Ward *Ex-dividend | Natl Tea —r { Penney J

i 3

THE COST OF DRIVING

Money and Exchange YOUR OWN CAR

IN DIANAPOLIS STATEMENT

Clearings $2,479,000 | 38: Debits 5,812,000

The Money You Need—

for a mortgage loan will be advanced bere ~far lower than any other as soon as your ap- form of transportation

and Associates - plication is approved. GAVE 2/3 the cost of driving—and from % to %

134 S. Mer. RL 9727 There will be no un- Pe] ey 15 the cost of other public transportation—going frequent schedules . . . liberal stopover and r Qualified appraisers d Com Round Costof Saving erty. Favorable terms . $22, 2.05 $635. 51

»~

TREASURY STATEMENT (By United Press)

WASHINGTON, 8ept. 22.—Government expenses and receipts for the current fiscal year to Sept. 19, as compared with a year ago

Sherman-dr, re- |

'H. Rosenber g. 128 W.

} Roy Mobly, 625 WwW, $300

13th, wrecking, 32d-st,

~103

alterations,

DOOD OROWN

ge ® EAs

This Year Last Year .$1,475,022,658.09 $1,691,751,389.26 931,816,798.99

16%

13]

repairs, | Chemicals—

'786.244.251.46

by Greyhound! And that's only half the story. necessary delay, no Round Trip Rate Luxurious new super-coaches in daily service . . . red tape of any kind. privileges . . . many optional routes—all these adHuddi } CENTS PER MLE Ce are yours when you travel by Greyhound. Hudd eston, guarantee a fair val= 2 an To Dr: G6 Broadway, oll uation of your prop- for yourself! Fan Fons br. 8n NEW FORK

Bonds of the United States Government, Its Territories and Insular Possessions

Federal and Joint Stock Land Bank Bonds

. Safeway St “a ; Sear ick. . Building Permils = Gp Roce. fornia. 45-85. $7.50 leaf home- -grown, { G Fry, 5605 Winthrop-av, dwel- ; Aviation— D basket. $I! Peppers—Mangoes. “1ome- Ie ” . | Aviat ro . rown, bu. $1: peck basket. 40c: doz. 20c. | TL Sei 854 N AO ear SB Dua, 50c. Onions—Northern vellow, | Curtiss Wright. . ib. - bag. 5c Parsley—Home-grown, | C¢ Wright “A”.. 40c. Peas—Western Tel. hamper Douglas Air .... i atoes . swe ern Cobblers Nor Am Av ag. $2.65. weet 1g nel - : | Sper C : Tey i | John Worley, 4702 Cornelius, ETDeIIY COT anes $1 50, $200. ’ garage, | hited Air New. Expenses . Doz. 45c. Turni g.. $1: hi )z.. | cag F. R. Welsh, 326-28 Minerva-st, Receipts 45s. Tomatoes—Home-grown, ie Re d M \ 2281; 228 Deficit _.... ket. 85c: bu. $1.25. cCurre, 358 Terrace-av. garage, | , 2 126 1253, | Cash Bal. . 2, : iene : $100 ; Coin. SoIvaats. $, 3 15% 131; [Pub Dent 33511 237.635.7 : : | Shell Petroleum. 3802 Fall Creek-blvd, | B Pont b 181% 1617, | Gold Res...10,771,181,309 (By Vike Press) j Pine station, $2000. Peper Tox os Customs 83.110.853.96 CHICAGO, Se 22. —Apples—Michigan, Baron Brothers Hardware, 751 Massa- Li rel Carb 2 a 41% Mcintosh, 75¢@ 13s. Sweet patotoes — | chu isetts-av. oil burner $325. qu louisiana Portoricans, [email protected]. Carrots | William Pruitt, 635 E. 57th, oil burner, — Illinois bunches, 2G@3'2c. Spinach—New | $27 . 2 : : York. $1251.35 Tomatoes — Michigan, | p Ww. J 5745 Guilford, oil - climax basket, 15@35c. Caulifiower—Colo- | burner, $ redo crates. [email protected]. Peas —Canfornia, | an & gg eson, 4401 . hampers, $225@275. Celery—Michi- | burner, $18 he io rR ae S0c. Onion mar- | ae, Construction Co., 6071 E. St. Joe. st (50-1b. sacks)—Illinois yellows, 33@ rical, 85¢: Indiana vellows, 50@ 0c: Michigan | oF E. In Saat, 118 E. 49th-st. make our mortgage yeliows, 50@60c; Indiana whites, 80c@ Sl. | Charles 8. Gant. loan service especial-

ly attractive Consul. our loan officers.

electrical, —eare——————————————— 205 N. Forest-st, ga- { rage. $100: dwelling. $2750: 237 N. Forest- ] he ist, $100: dwelling. $2750: 234 N. Forest-st, Produce Markets | Barage. $100, dwelling, $2750: 50 N Forest- § i stock | 5. garage, $100. dwelling. $2730: 64-66 Ane Foioes auoted are DI listocq | N. Porest-st. dwelling, $4500; 36-38 N. ForIndiznapolis the price is a cent higher | 5h. dwelling, $4500 Heayy breed hens. 5 Ibs. and over under 3 lbs, 12¢; Leg horn breed 10c: colored BDI pers, 13 Ibs. and Leghorn springers, 1'; 12c: Roosters, 4 ibs. and over, Ibs. and up, all sizes, 4c;

Indiana Municipal and Corporate Securities PAL IRE IIT

Traction Terminal Illinois and TRAVEL BUREAUS. American National Bank, Bankers Trust t Company. Ph. Fletcher Sav. &

Real Estate Bonds and Preferred Stocks General Market Securities

Rush Jobs Make Us Smile

Hendren Printing upany, Inc. J BLDG. RI