Indianapolis Times, Indianapolis, Marion County, 6 October 1936 — Page 18
Trends
Russia's Gold Sale
&
Abreast of The Times on Finance
.
PAGE 18
TUESDAY, OCTOBER 6, 1936
Tinplate Production Record Set World production of tinplate in the year ended July, 1936, reached a new record of 3,363,000 tons, against 3,078,000 the preceding year, representing an increase of 8.8 per cent over the ealendar year 1929.
| Believed N ormal = “Transaction.
BY JOHN T. FLYNN
EW YORK, Oct. 6.—Inquiries have come asking about that dramatic little episode a week ago when Secretary of the Treasury Morgenthau “saved” the pound sterling from an “attack” by the Russians. The incident is worth clearing up! The United States, England and _ France made a “gentlemen’ s agreement” to stabilize their respective currencies when France devalued the franc. The next day Secretary Morgenthau announced that he had been informed that the Russians h 8 d thrown 1,000,Mr. Flymn 000 pounds of sterling on the market is an © ostensible effort to depress the * pound. It did drive, the pound gown about five cents. But the ~~ Secretary leaped into the breach, _ bought the sterling, and “saved’ _. the pound. There can be no doubt that the + Becretary was in entire good faith and really imagined that he ‘had ‘done something. But in informed wall Street circles the incident has caused some amusement. = ” 2 IRST of all, an offering of a million pounds sterling in this market in a day is not an unusual . thing. Sales of sterling in New _ York amount to about 25,000,000 * pounds a week, which would be * Your or five million pounds a day. So that this Russian sale was only about a fourth or fifth of an average day's sale. There was, therefore, no reason to treat it as a dramatic incident or an attack on the pound. There is, therefore, an impression that the Secretary was imposed on. There also was nothing alarming "or unusual in the pound sterling dropping five points on such a day. When the United States devalued the dollar the pound dropped five points.
2 2
F course . the offering by Russia : 0 was a poor business transaction. The Chase Bank in New York is one of the banking representatives of the Russian government. Russia owed a bill for a million
| test-tube of new legislation, again |
{ings of the court will be interpreted
‘Act, the Commodity Exchange Act,
CAPITAL, LABOR AWAIT SUPREME GOURT HOLDINGS
Minimum Wage Laws, Utility, Security Acts to Be Decided.
BY VINCENT LYONS
Times Special Writer
States Supreme Court,
I
is the nerve center in the economic | life of the nation.
four months’ respite, their matic chore of deciding which laws shall stand or fall. Hence, big business and: which directly are involved in many | of the cases to be reviewed by the courts, will have its eyes and ears directed toward the nation's capital on Monday's; or decision days. And when the issues of a pending issue | H are momentous enough, even the stock market will give pause. As the justices resume their -work they find the docket not unduly laden with cases challenging New Deal legislation. Before the current season is ended, however, they undoubtedly will be called upon to weigh the fate of several laws which the Administration of President Roosevelt has pushed through Congress. In addition, there are quite a ‘few other laws of purely state origin due to receive the scrutiny of the highest court of the land. Although local in character, these tests are of great importance in that the find-
in a national light. Other Trial Cases
Among the measures to go on | trial at this session are the FrazierLemke Farm Moratorium Act, the National Labor Relations Act, the New York Unemployment Compensation Act, the Railroad Retirement
California and Illinois fair trade acts and the government's authority under Title 2 of the National Industrial Recovery Act to make
New York Stocks
(By Thomson & McK anon)
Oils
Amerada Atl Rig Barnsdall Consol Oil
Cont of Houston
Pet Corp Phillips Plymout Pure
Del
new). . Mid Cont Py be Ohio Qil ..
1 Pei rt
2 S00 NEW YORK, Oct. 6.—The United | | Texas Corp
Tidewater Assn.. judiciary | On Oil of Cal..
Steels—
Acme an Beth
Ludlum
Steel ie Roll Mills. Steel The nine jus- | Byers AM
teel
Ste tices yesterday donned their somber | Inland Steel
Steel
black robes and resumed, after a| | McKeesport, Tin. sain
Mid Steel
dra- | Nag Steel ? | Otis “8 | Rep See & Steel 25 3 DEN pipe & Fdy-
eel - U8 FA) pid. ‘ labor, { Youngstn 8S & T 83%
teel
Motors—
Auburn Cnorysler Gen Mo
tors
ern Ya gen Motors pid. 120% fi. .
Reo Studebaker
Yellow
Motor Access
Bohn A Bendix
Truck
lum
Borg Warner .
Budd
4 Elec Auto Lite.
Houdalill Murray
tew Warner ...
Timken
. TVa Timken Det Axle 23%
Elec Stor Bat .. Greyhound
e Body .
Roll
Mining— Alaska Jun
Am Met
als
Am Smelt Anaconda Cal &Hecla Cerro De Pasco.
Homestake Mine’ 2
Howe Sound Ins Copper Int Nickel Kennecott McIntyre Mine. Park Utah Phelps Dodge
St Joe
U S Smelters ... 85 24
Vanadiu
Amusements—
Crosley Radio ... Theat
Fox
Lead
m
Loews, Inc Radio Corp Paramount
RK Warner
Bros ...
Tobaccos—
h Oil .., 16% oil ire
“B” 58%
11:15.
103% 28% 18%
14 34%
High. Low.
Sears Woolworth .. Aviation
Nor Am Av ..
Chemicals
Air Alli Chem Col Carbon
/ Du . : ; Freeport Tex .. : 0% Liquid Carb Natl De (new). Schenl
82% Pain, Car 75 "140% Drugs— Bristol Myers . Coty Ine
Lamber aay Prod . Un Drug (new). Vick Chem Zonite Prod ...
Financial— Adams Ex
Chesa Corp J sansAnaTica ie r
Building—
. 20% . 39)
Gen Asphalt Holland Furnace. Int Cem
ne
Otis e Us Gypsum. .
Household—
Congoleum Kelvinator
GO AEE w a
Proc & Servel Inc Simmons Bed
Textiles —
Celanese Corp . Gotham Hose
Asbestos Mfg Bastian- Blessing. Berghoff
Cities Service
Cord
Sperry Corp .. Unit Aircft new. duction ..
Com Solvents ... Pont .......1
P Allegheny Corp.. Am Int orn”.
Contl Corp..
Am Radiator ...
First Natl Stores $i Gimbel Bros 18%
a co... Safeway St .... buck
Aviation Corp .. Boeing Aircft ... Curtiss Wr
Curtiss Wr “A”. Douglas Air .... 8
35%
70% 232 127% 15% 65% . 28% 43%
Monsanto Chem. 98%
. 30
Dist .. 50 Tex Gott Sulph. 36% Ind Alcohol 35%
. 44% 5 17 . 12% 15 46 a 1434 4% «13 872 14 10%
23% 26% 39
nt 56% Libby Owens Gls 89 Elev
1180.
Col Pal Peet....
Mohawk Carpet . Gamble. :
Amer Woolen ... Collins Aikman. .
Indus Rayon Te Kayser Julius ...
Chicago Stocks
(By Atkins, Hamill & Gates)
25%
Butler Brothers | :
10 3612
251 Yo
Noon
Commonwealth Edison 19 Consolidated Biscuit
25%
Prev. close 20
IPORKER PRICES
UP 5-25 CENTS ATLOCAL YARDS |
Heavy Hogs Make Greatest Gains; Cattle Off Sharply.
An active market sent hog prices up 5 to 25 cenis at the Indianapolis Union Stock Yards today, weights above 300 pounds making the biggest gains. One hundred sixty to 300-pound weights were up 5 cents from yesterday, and packing sows were fully steady. Receipts were 5000
Cattle buying sentiment generally was from 15 to 25 cents lower, vealers were unevenly steady to 50 cents lower and all classes of sheep generally were steady. Cattle receipts were 2200, vealers 1200, and sheep 2000. The top hog price today was $10.50, paid for weights between 190 and 280 pounds. Two hundred eighty to 300 pounders ranged from $10 to $10.35; 300 to 325 pounders,
weights, $9.50 to $10. Lighter hogs sold from $8.25 to $10.30, 150 to 190-
lpound weights ranging from $10.05
to $10.30; 160 to 170 pounders, $9.55
| to $10.15; 155 to 160 pounders, $9.50
to $10.05; 130 to 155-pound weights, $855 to $9.75, and 100 to 130 pounders, $8.25 to $9.
Vealers 50 Cents Off
A few top steers sold today for . | $10.25, with a few other sales from + $8.50 to $9.50. With vealers off 50 cents, prices for the bulk of better grades ranged from $9 to $9.50. The bulk of better grade ewe and wether lambs sold from $8.50 to $9, and top ewes brought $3.
HOGS
Sept. Bulk 30. [email protected]
Oct. 1. [email protected] 2. 10. 25@10. 45 3. [email protected] 5. 12; [email protected] 6. @1o. 50 Light iy ht ts— (140-160) Good and Medium
Lightweights— (160-180) Sood and
edium (180-200) Good and Medium Medium Weights— (200-220) Good and (220-250) Good and Heavyweights— (250-290) Good and c
(290-350) Good and Paki Sows—
Top Receipts. 10.40 4000
6000 6000 1500 6000 5000
10.20@ 10.40 [email protected]
10.25@ 10.50 [email protected]
choice... choice. .
oice.. choice. .
$9.55 to $10.25, and 325 to 400-pound |
" TREND OF ELECTRIC 2,150 Wey 2.100 2 2.000 1,950 1.900 1,850
(In Millions)
fn”
Pom 1,700 1,650 11.600 \,550
Kilowatt Hours
Prepered Administrative and Research 34 eration New
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec :
-
POWER PRODUCTION AVERAGE".
Electricity output dipped in the latest reported week which ended Sept. 25, but the total was the second best on record and 16.1 per cent
above the corresponding 1935 week, Electric Institute showed.
figures released today by the Edison
Production of 2,157,278,000 kilcwatt hours was exceeded only in the preceding week, when output rose to its highest in history.
LIVESTOCK PICKUP PLAN INAUGURATED
A livestock pickup service along its Indiana lines has been announced by the Illinois Central System. Other states also. affected include Illinois, Wisconsin and Iowa. Existing freight rates are to: be maintained, and no additional charge is to be made for pickup of livestock within 10 miles of a shipping center, it was said. Farmers who bring their livestock to shipping stations instead of having trucks call for it are to be paid three cents a hundredweight for delivery. Minimum pounds accepted for shipment is to be 100. and the destination of the shipment can be no more than 250 miles from shipping points, according to the announcement. Inauguration of the plan in Indiana, officials stated, followed successful operation of the system on the Illinois Central System's western line from Manchester, Ia.
N. Y. Bonds
DAILY BOND INDEX (1926 Average equals 100)
20 20 Inds. Util. Today ..seeess yd 1* 105.9
Saturday
New high, 5 (Copyright, 1936, by Dun & Bradstreet)
U. 8. GOVERNMENT BONDS (By Abbott. Proctor & Paine)
Treasurys
BO C09 19 it 1 1s js 30 00 14 10 =a ae >
bmp dda ar od ODD th pt SRERRISIRBRISE © SOO
Crowd -
101.30 101.17
NET INCOME OF
RAILROADS SET AT 364 MILLION
8-Month Earnings OneThird Above Similar ’35 Period.
Times Special WASHINGTON, Oct. 6.—Class railroads of the United States hal a net railway operating income the first eight months of 1936 of $364 - 697,978, representing an annual rate of return of 2.30 per cent on their property investment, the Bureau cf Railway Economics of the Associa tion of American Railroads arinounced today. This compared to net operating
income during the same 1933 months of $263,852,503 or 1.66 per eent on their property investment, The compilation as to earnings f or the first eight months of 1936 wis based on reports from 140 Class I
| railroads representing a total ©?
236,936 miles. Gross operating revenues durin the same period, totaled $2,573 125, = 647, compared with $2,204,833,031 in the corresponding period lass year, the report said. This figure, however, was 28.8 per cent below the 1930 mark of $3,615,795,956.
Taxes Also Increase
Taxes paid in this period amounted to $04,542,689, Compared with $161,711,951 in the ight months of 1935, and $243,817.06 gh the eight-month amount of 1930. Twenty-two Class I railroals failed to earn expenses and taxes in the first eight months of 1936, of which eight were in the Eastern District, three in the Southern Di: trict, and 11 in the Western District. In August alone, Class I railroa:is had a net railway operating incorie of $64,680,717, which, for that
| month, was at the annual rate of
return of 2.28 per cent on their property investment. In August, 1935, net railway operating income was set at $42,156,706, or 1.48 per cent on investment, and in August, 1930, the total was $96,017,672, or 3.33 per cent return on investment,
KENNEDY DEFENDS
pounds in Sweeden and directed the Chase Bank to pay that bill out of its deposits. This depleted ‘the Russian bank's cash deposit in the Chase. The Russian bank thereupon direccted the Chase to
Federal Farm Mortgages Corp. 102.27 104.27 103.25 103.26 ..104.183 104.10
e Economieal Drug ... Electric Household . General Household Godchaux Sugar ‘A’ .. Jarvis Mfg .. Ken-Rad & Lincoln Printing McGraw Electric «....... Noblitt-Sparks .
grants and loans for construction of municipal power plants which compete with private-owned utilities. Decisions are expected on the
60% 987s
9.00@ 9.75358 9.00
ey 5 7.75@ 9.00 8.25@ 9.25 7.25@ 9.00
Am Snuff .... Am Tob SAY in 8 Am Tob *'B” ... Sen Cigars .. g & Myers B. 1104%, Lorillard 5 23 Phillip_Morris . 89% Reyn Tob “B”.. 51%
-350) Good (350: 425) Good (425-450) Good ' (275-550) Medium Slaughter Pigs (100-140) Good Medium
east to Chicago. The plan was inaugurated there in 1934 as an experiment. -
C. OF C. BUILDING BID
SEC IN RADIO TALK
By United Press NEW YORK, Oct. 6.—Regulation of the securities’ market is
-3
104 3 1043- BT Sennrarns Swann
and choice.. DOMESTIC
wn > (SOMIS) wo ve
Prev.
Close. Close.
sell a million pounds sterling which "it had, to convert it into dollars in ~ order to replenish its cash reserves in the bank. It was an ordinary, - normal business transaction. . Whatever one may think of the : * Russian government, its ally is France. It could have no reason “whatever in attempting to attack _ United States, British or French . currency at the moment when its “ally, France, was attempting to set
. its exchange house in order. (Copyright. 1936, NEA Service. Inc.)
Fruits and Vegetables
(Quotations below, subject to change, are average wholesale prices being offered to buyers by local commission dealers).
bu., $2.50. Bananas—Selected, pples—No. 1 Pennsylvania Grimes, 2% , $1.60; No. 1 Wealthy, 24 inches : 1 Virginia Jonathans, 2% Lemons—S8uankist, 360s, : . $4.75. Limes—Mexiean, carton, 4c; Persian seedless, r n $2.50. Peaches—Elbertas, 2 inches, Plums—Italian prunes, 16-1b. lug, BE fan Concords, 4-qt. Baker 23c; California Tokays, 27-1b. crate,
© MELONS —Cantaloupes_Colorado Jumbo , 438, cra e, $3. Honey Dews, vine Red s, 12s, $2. Crab Apples— higan H ne s, bu. $1.75. Quitices-. 8s, .20-1b. box, $1.80. VEGETABLES — Artichokes, California, B-doz. box, $5.50; doz, $1.25. Beans — “Round stiingless bu., $1.50. Beets—Home rown, doz. 25c. Carrots—Washington, 0z., 60c; 6-doz. crate, $3.50. Caulifiower — 11s, crate, $2.25. | Celery — Michigan Mammoth, washed and trimmed, doz., 0c. Cucumbers—Home grown, bu., $1.50. ‘Corn ~-Home-grown. doz, 25c. Kale—Homerown, bu., 65c. Lettuce—Iceberg, Caliornia leaf, 5s, $5.75; 4s, $5.50; homegrown, 15-1b. basket, $1.25. Peppers—Mances home-grown, bu., $1; peck basket, 0z.. 20c. Mint—Doz., 50c. Onions— Indiana Yellow, 50-1b. bag, 75c. Parsley —Home-grown, doz, 40c. Peas—Western Tel, hamper, $2.60. Potatoes — Eastern Katahdims, -100-1b. bag, $2.75. Bweet Potatoes—Eastern Jerseys, bu., $1.50. Ra_dishes—Ohio white, 2-doz. basket, -T5c. age — Doz. 45¢c. LL — Bu., $1.75. * Watercress—Doz., Tomatoes. Home: grown, 3-bu. Th 85¢; bu., $1.50
| abe Caio 36s,
(By United Press) CHICAGO. Oct. 6.—Apples—Michiga «+ McIntosh, [email protected]. id Potaton Louisiana Portoricans, $1.60.. Carrots—IIlinois, bunches, 2@2':¢c. Tomatoes—Michian Climax, baskets, 15@40c. Cauliower—Colorado crates, $1.50G1.75. Peas— * California hampers, [email protected]. Celery— fMichigan, Ture Tuten 35@50c. Onion et | sacks) — Rinots yellow, 80c; Michigan yellows, 45@ 50c he
Produce Markets
_ (The prices quoted are pai = thered | in the country, while i de ies in “Each” ah the prices are 1
her. case of 1bs. gross.) SEES ual
0. 1 Strjetly Iresh loss off. ibs. and over.
KES. itave breed dc, Ibs ae jr breed hens avy, 196; colored (Dringers, under 4's , eghorn breed . 113 Ibs. and over, 10c. ed spring: fc.
dc. 2.
23¢
tter—Creamery. 1 seaare: Ne.
3G 34c. NS:
Butterfat, el
(By United Press) CHICAGO, Oct. 6.—Eggs—Market, firm; receipts 4523 cases; fresh graded firsts, 2c; extra firsts, 27c: dirities, 21lac: A eurrent receipts, 25c: checks, 19%zc. Butter—Market, unsettled: receipts, 8848 bs; extra firsts, 31@31%4c; extras, 31lac;
He 31's aC, specials, 32@32'ac;
Pouliry Market, steady: recei cks, 3 ese, 12@12%c: Riskent.
pts. 53 ducks,
; turkeys, 18 ; old roost18@ 18'4c: 1812@
Jogerate, demand daho Russet
18:6 18%¢c;
3! Piintoes_suplis | pw, market weak;
Longhorns,
Early oy Re Veni: on track, 234: : hip
FRUITS — Pears — Michigan Bartietts. |
, } Metro Ed 4s '85
Securities Exchange Act, the Public Utility Holding Company Act, the Bocial Security Act and the Federal Communications Act. Cases involving the constitutionality of these laws are now being pushed in lower courts and eventually will reach the Supreme Court. Monday the court is expected to announce whether it will grant rehearings on two of its most controversial border-line decisions of last spring. They involve the New York State minimum wage law and the municipal bankruptcy law case from Texas.
Local Securities
(By Indianapolis Bond and Share Corp.) The jvilowing quotations do not represent actual bids or Herings but merely indicate the approximate market level based on buying Hy selling inquiries or recent transactions. BONDS Asked Citz Ind Tel (TH) 4'2s '61 ..103 042 3 Tel s Tel Ft W 52s '43..104 Tel Tel Ft W_6s "43....104 Bay A Inc 5s - 58% Interstate Tel & Tel 5158 ’53. Kokomo Water Works 5s '58. 108 Morris & 10 Stores 5s '50 +; 100% Muncie Water Works 5s "65. Eg Noblesville H L & P Ohio Tel Serv 6s '47 Richmond W W 5s '57 Seymour Water Co T H Trac & L 5s T H Water Works Seymour Water Co Trac Terminal Co 2 57 Indpls Water Co 3'2s '66 STOCRS ABC Brewing Co co Belt Railroads & st Yds com 57 Belt Railroad & Stk Yds pfd 56 Central Ind Pwr pfd Ts 2 Home Tel & Jel Ft Wayne. *Hook Drugs Inc 183 & Mich Elec ‘Co pd 7s. Sh *Ind Gen Serv Co 6s 10 Ind Hydro Elec Co T75....... . Indpls Gas Co 6s *Indpls Pwr & Lit ‘Co pid 6s. 941% *Indpls Pwr & Lt pfd 6lzs 99 “Indpls Water Co pid 5s 110214 Nor Ind Pub Serv pfd 5158 | 744 Northern Ind Pub Serv pfd 5s 82 Northern Ind Pub Serv pid Ts 8812 Progress Laundry Co ves 35 Pub Serv Co of Ind Pie 6s ... 301%" Pub Serv Co of CE Bi 7s .. 6612 Southern Ind Gas & El Jia 6s 103 Terre Haute Elec C 98 Union Title Co *Ex-Dividend.
New Bond Issues
(By Lyons & Co.)
Allied Stores 5% ‘51 Arkansas Gas 4s '51 ve Associated Telephone 4s '65 ..
Bid
Central Maine 4s '6 . Cincinnati Gas & B 3%s ‘66... C & O 32s '90
s Chicago Un Station 3tes 55 .. Cleeviand Tractor 5s '45 ....10 Columbia Railways 3 : 07 Com Invest or 3ias a 3 Conn River Pr D & L 33s Consolidated on 315s '51
Cudahy Pkg las '6 Edison Thur te las 5s. . Gen Motors Age Corp 3s’ Gen Motors Acc Corp 312 : st Indianapolis Water 3s “66 Towa South Utilities 512s '66 . Kansas L P 4%s '65 . Los Angeles G x eo. Tonisve G & E 3s '68 .... Lou & Nash G & E 4s '70 .... Minn Gas E & Dr 4s '50 Narraganset Elec 3'zs N Y Chi St Louis 4s '46 New York Edison 4s '46 Okla Natural Gas 413s 31 suv Okla Natural Gas ie Pacific Tysniug 4 Peoples G & Erte Wks at. - '§0
El Power 3s ‘66. . y N H 33s '66 Railway Lite alas 3 San Diego G & L 4s 65 .... Southern Cal Gas 4s '65 Southern Kraft 414s '46 Union Pacific 3s "70
Wisconsin Gas & E 3's Wisconsin Pub Serv 4s 1 es
ATKINS, HAMILL & GATES
MEMBERS - New York Stock Exchange New York Curb Associate Chisago Stock
Rails—
pfd Gt I iern pid an
Atchison 82 Atl Coast Lines. 4234 B & O 26
I11 Central
Lehigh Valley : :
Lou & Nash T .
Mo Pac
pid ....
N Y Cent .
New Ha ven
Waba
sh West Maryland... Equipments—
Am Brake Shoe. as
Am Steel Fdy..
Bald Lo
an . Westingh Hee: .
Utiliti
co
LJ ed
1'‘Am & For Pwr
Am Power & AT&T i
Am Wa Col Gas
t
Consol Gas
Elec Pwr & Lit. . Int Hydro Elec..
Interboro R T T
Int.T
Nat Pwr & Lit.. North Amer .... 3 Pac G & E
So Cal Std Gas
Storie % Webster Corp
2 | Western
Rubbe Fireston
Edison. .
Union.. 8
I'S e
Goodrich Soodyes:
S Rubber... |U 8 Rubber pid Miscellaneous— Allis Chalmers..
Amer Can
Am Mach & Fdy 2
Brklyn Man Tr.. I.0 Clee Add..
Natl Cash Reg".
Owens Bottle ..
Rem Rand
Underwood E a
Foods— Am Sugar
Arm Armour
Wrigley
Retail Stores— Allied Stores ... Best & Co 603%
6%
Wks... & Elec.. 1 Comm & Sou ...
pfd 80 Beatrice Creamy 2 23V
Deriact Circle
20 va hi 74 Atlas Corp Catlin Cor: Canadian Carrier
Crocker-Wheel Elec Fisk Rubber
Glen Alden
Huyler’s ou Del
Hygrade Foo i Imperial Oil of
«38 a 4“ 7 Mueller Niagara Hudson Pennroad
Tr Root Betrolonm Regis Paper
Lock
Stutz Motor Tubize Chatillon
Bankers Trust
Chase Chem
20% TV 15%
Guaranty Irving Manufacturers National City
American Ins of
® Federal Insurance *National Fire
- N-
*Hanover
- Forth Juve
re *Ex-Dividend.
28% 145 . 18 82
Clearings Debits
year to | year ago:
Re Customs
Baltimore Ameri
Buns and hls
New York Curb
(By Atkins, Hamill & Gates)
perpow Ark Natural Gas A"
Bond & Share
[Lake Shore Mines Long Island Lighting .. Mead Johnson & Mo enum Cor
Co
Bras Natl Bellas Hess Inc
Co
Corp
Technicolor Inc
Central Hanover
National Shawmut
FIRE INSURANCE Aetna Fire Insurance
Noon. Aluminunr Co of , America .
Creole Petroleum Corp
Ford Motors a a
International vi amin .
I 46% ] £ . 115015 f n Sant Creek Producers Assn .. §
pe r Stores ves Sterchi Broshers Stores .
al’ Chicago . seesssanas
New Yi
can
Fire Notional Liberty | oes
Great American ® ssurance
Bartford ........vsesnnee cesens Home INSUrance c....ecscee...
Txnassiesaeepsnes
Unlisted Stocks
(By Blyth & Co.) NEW YORK STOCKS Bid
. 34 cessecsseness 56Y
10, 106, 643. 459. 49
TREASURY STATEMENT (By United Press) WASHINGTON, Oct. 6.—Government expenses and receipts for the current fiscal t. as compared with a
Money Tk eka
INDIANAPOLIS STATEMENT
This st Yea $1,732, 338. 982. 38 $1, 505. 901 756. 15
1,184,037, i 07 1, Ses; 2 18. 85
XT
"98.447, 175. 9
Type
Ll. e122
AUTOMATICALLY
JPewWr
them
Ll.
to increase
ections, Promotions, ete.
Bemis Letter Service 303-307 Merchants Bank Building
LEYTERS ‘ Genuine Typewrit Hands a ten Letters Shake
Saies,
Bonds of the United States Government, Its Terri'ories and Insular Possessions
Federal and Joint Stock Land Bank Bonds Indiana Municipal and Corporate Securities Rea! Estate Bonds and Preferred Stocks
good ss | Cutter, com. and med. builk..
—Receipts, 2200— $hojes Good
—
(550-900)
PONOOINOS IND D
(800-1100)
pe
(1100-1300)
909990
(1300-1500)
20 INVA INDONMIND 5338333R33VH:
= POND O o9¢ 83388
owe
(550-750)
ood Common, medium... Good and choice... .
(750-900) Common, medium.
ow 00000 3233
90399 PPE @
Good Common and medium Low cutter and cutter Bulls,
Bh INtIS 33383 Sop =8338
Vealers —Receipts, 1200— Good and Choice : Medium Cull and Common ....... Foon Calves (250-500) Good and choice. Common, medium : Feeder and StockereCattle (500-800) Good and Choice..$ 6.00 Com, and medium. 4.50 (800-1050) Sood and choice.
m. and med.. Heifers— Good 3 and choice Common and medium
Sewn 383
he’ h-1ha. NY Po oUvoNn OD Uo ooowm OC
SHEEP AND LAMBS —Receipts, 2000—
90-170) Good and choice.. Com. and medium. Saansep and lamb quotations on clipp
Other Livestock
(By United Press)
CHICAGO, Oct. 6.—Hogs—Receipts, 15,000, including 2000 directs; market, slow weights under 150 Ibs. and sow a Monday ayers CH gHiiers, weak to 10c lower; $10 bu good and choice, 100-240 Pos. $10. 156 10-40; pis, active; bulk Son weights, $8. 50@ SOWS,
mostly [email protected] Cattle—Accepis. 800; calves, 2000; all grades of year ings and light steers, Tully steady: less desirable killing quality considered: middle grades predominated; medium weight and weighty steers, slow, stockers and feeders, fairly aective: better grades fully steady; others weak; country outlet fairly broad Monday in face of largest stocker supply of season; best fed yearlings, $10.40; weighty steer $9.85; rot murh steer nlaf jn cows, 10@15¢c lower; cutters, Teak; ap, strong to shade higaer a. lower after steady start mostly 10c down late. but selects up to $i1 early. eep R pts, . 8000. incinding 1200 directs; fat Yaonhe mostly 13@33c lower; sheep, weak; choice { mbs, steady: bulk native jambs, $8.50@8 2 few to small pillers, | aa Westerns here, 3% 75; bulk, 40@ 8.50; most ewes around ‘$2. 50@ 3.50; id feeding lambs, $8.60.
APPROVED BY COURT
Sale of the Indianapolis Chamber of Commerce Building for $350,000 to a stockholders’ committee was approved yesterday by Judge Her+ bert E. Wilson of Superior Court, Room 5. The committee, representing more than 98 per cent of stockholders, submitted the only bid. No money was involved in the transaction, stockholders being permitted to exchange old stock for stock in the new Chamber of Commerce Building Corp. The few
stockholders not represented in the sale are to be paid on the same asis as those who exchanged their stock. " The old company had been in receivership 18 months. Russell J. Ryan, receiver, was allowed a fee of $8500, and John G.. Rauch, at-
| torney for the receiver, was allowed
$8500. The receiver reported $66,000 in cash on hand at the time of the sale. : Rental on a 99-year lease on the lot occupied by the building was reduced for the new corporation to about $16,000 a year. Formerly $22,500 a year was paid for the first 10° years and $25,000 for the next 10 years.
Building Permits Willian Spicer, 345 W. 32d-st, addition, I. Sanders, 2012 S. State-av, addition, 4 Fagan, 1146 S. Meridian-st, addition,
00. Mrs. 1066 W. 35th-st, repairs, $200
Sample,
F. Nixon, 37 S. Delaware- st, parking lot putiding. $100. Cline Realty and Finance Co. 1402 8 Meridian-gt, repairs. $246: boiler, #1740. Baumb, 1715 Carroliton-av, reroof,
Carl, Re Switzer, 2525 N. Talbott-av, rage, ogite” ea Moore, 2045 Shelby-st, garage, i A T. Smith and Son, 929 Campbell, av, furnace, $160. Frank Thomas, 908 N. Ritter-st, furnace, 228. $ Harry Dells, 1128 N. Gale-st, additional rooms, 46th-st,
$ Indianapolis Coal Co., 1101 E. electrical, $17 Brandt Bros. W. 22d-st, electrical, $250. william H. Tudor, 5538 Guilford-av, electrical, $100
Ford Fence Co., 6542 Cornell-av, electrical, $140
bad—trolleys me sheds, just like railroad 57) Jor sue: iniormction about
and
Bp. ‘BE. Fowler, 1110 S. Reisner-st, repairs, | 80
Alleg orp Bs '44
s 49
Atl Coast Line 4s ’'62 Atl Coast Line 4128 Balt & io 5s 20000
p 109 Cleve Un Term 4%s ’77 ......104% Col Gas 5s ‘61 047 Can Pac Perp 4s .... Cent Pac 55 ’'60 Big Four 4'2s MT crcssnnsnssnes 98 Big Fou s eevee 103Y, Co orado & Bo 4's. ’80 sseenes 80 Chi & West Ind 4s ’'52 . Chi & Nor West is ’49 Lhasa Corp 5s °* Del & Huds 4s 43 N Y Dock 4s.’51 . N Y Dock 5s5°’38 . Erie 5s '75 Erie Ne 87 Grt N SE: “G” 4s "46 Grt Northern “H” 4s 46 ., So Northern 415s ’77 Gen Stl Cast WW 5las 39.» Hud & Manhat Ref 5s 57 . i t 4%s 66
Lehigh ‘valley e 2003, ae es & Rob $4: Mo Kan Tex Adj 5 Natl Dairy 3%s 51 Natl Steel 4s ’65 ‘ Nickel Plate 4128 '73 .. Nickel Plate 5158 "74 .. N Y Cent 5s 2013 N Y Cent 42s 2013 old)” . Y 6s ’44
aes -+106% 1 88d
Warner Bros 6s '39 Western Mary 5%28 i i Western Union 5s Youngstown 8S & Ts ’61 Youngstown S&T 3ias 51.
FOREIGN
Argentina A 6s '57 Australia 4728 '58 Brazil '4 Canadian Govt 4s-’60
108 .-103%4 132%
SAVE where SAFETY
INSURED
necessary to retain public confidence, Joseph P. Kennedy, foriier chairman of the Securities #x2 | change Commission, said last nicht over ‘a nation-wide radio hook-up. He defended the Administration against dictatorship, and said no instructions had ever been given him except to make the legislaiion work. “Time and experience already has shewn that most of the opposiiion to the SEC legislation was ill-cone ceived and ill-advised,” he said:
Chicago Grain Futures (By James E. Bennett & Co.)
10:30 High Close
Prev, lose
1.13% I 32% 971%
a ‘aay, 80% 86
1.20% 1 2 Yo 1.22
LOCAL CASH MARKET City grain elevators are paving $1.07 for No. 1 red wheat. Other grades o ntheir merits. Cash corn, new No. 3 yellow, 93c; oats, 35c. Hay—No. 1 timothy, [email protected]; No, 1 clover, [email protected]; No. 1 alfalfa, first cutting, $16 @16.50; second cute ting, [email protected].
FILES Filing Supplies, Guides and Folders
od Associates i——% 134 S. Mer. RL 9727
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