Indianapolis Times, Indianapolis, Marion County, 14 October 1936 — Page 16

Franc Devaluation

Abreast

PAGE 16

* WEDNESDAY, OCTOBER 14, 1936

Sears, "Roebuck “& Co. sales totaled $50, 388, 116 for the ninth period’ ending Oct. 8. Officials reported thai “this is the first time that sales in any four-week period exceeded $50,000,000. The figure compares to $37,710,648 for the same period last year.

Is Trade Help, Flynn Says.

BY JOHN T. FLYNN

This is the third of several articles in which John T. Flynn, noted author-econo-mist, will attempt to describe simply and ~ ¢learly just what has happened as a result of the devaluation of the French franc and the tri-nation agreement about currencies and’ tariffs.

EW YORK, Oct. 14—While ~ 4 N devaluation of the franc in itself offers no advantages to 7 the restoration of all currencies to - Jevel at which they may be Ystabilized will tend to increase interpational - trade. The other phase ot the currency agreement ‘has relation to tariffs and quotas , and trade barriers. France, as soon as she devalued the franc, also wiped out the 15 and 20 per cent tariffs imposed against the United States a n d England and other countries which had previously devalued their currencies. These tariffs were im“posed to protect French ‘trade from the effect of American ‘and English devoltuation. Hence as soon as France herself devalued, they were no longer necessary and ‘have been abandoned. France also wiped out about 100 ‘trade quotas. But as there are ‘about 1200 this merely skims the ‘surface of that sea, It now remains to be seen what England and France and Italy and America and other countries do ‘about their trade barriers in order ‘to stimulate foreign trade. Nothing has been done yet in conse"quence of the agreement. What‘ever is done will take time. But the agreement is important as a ‘step in the direction of freer trade Policies. N : ” ” n T has a special interest for us. » Readers will remember the Lon<don economic conference and -the Jow famous quarrel between Secretary Hull and Raymond Moley, .then chief figure in the brain trust. +The Democratic party was pledged .1o- relaxation of the HawleySmoot tariff. When. Secretary Hull .went to London for the conference, he went determined to force. if possible some agreements looking toward ‘the penetration of the innumerable “trade walls of Europe and America. . He was absorbed in that work and “scarcely realized the significance of fwhat was happening in America. *- But here, on another front, the President was engaged in: a tre“mendous attempt to introduce a ‘nationalist economy into this ‘country. This is, he proposed to ‘embark upon a policy of economic planning and the planning machinery he set up was the NRA and the AAA "It was not realized until after Mr. Hull sailed for Europe that be"tween his mission for freer barriers "and the policy of economic nationalism there was an impassable barrier. They were contradictory. ”n ” ” S soon as this was realized, A Mr. Moley was dispatched to don first to head off any agreement on currency stabilization and _ any agreement on tariffs. Out of that incident the Moley-Hull : ‘breach arose. Many thought Secretary Hull would resign. But he stuck doggedly to his ‘post. As the years have rolled away, and as one after another of sthe President's nationalist policies Wave been knocked out or abangoried, Mr. Hull -has managed t0 urn the Administration more and pore toward the interfiationalist gchool of thought. ~ & The next great job. ‘before the “ountries -in the agreement is to Sbring their parliaments around to Seciprocal trade agreements. This pill take time, and much time. End there is very little to base any Expectation on as to how far we succeed. Mr. Hull has made slight breaches with his reciGi treaties; © But: something “more ambitious will have: to be

mpted before any real effect on ae will be noticed. conclude

Mr. Flynn

Peo,

the whole, Rowen: we may that, Svelt 3 : ; satu! changes . are not, forthcom ng, the : ‘stabilization of currencies ought to e for a fair increase in“ inter-: AC al trade: during the coming ar.

Cofiyrignt, 1936, ‘NEA. Service. Inc.)

i Fruits and. Veg getables

(Quotations below roe to change, average esale prices: hy mmission Barichs ise

i inches Rathans, Ia jJunikist, 360s, 8. hs Limes-_Mexi-1 23%s; Persian seedless Sun Phim, Ttalian runes, 16- ‘ib. Gi ichigan Concords, 4alifornia Tokays, 27 berries, , C. C. Early

lou Colorado Pink 12s, $1.50; Honey Dews, vine-5-125, 83° crab APDIES, Michigan Lo + $1.75. oa cee. California, s. box, $1.90 iebigan $3. ABLBS—AT ae a ola. 5-

85¢. sol

Seaton Bi

uart bas . crate, $1.90. cks, 25-1

pes.

“

: why fe

Sonus. Tad! Sy Northern: i a dt grow daho 82 i An Is.

Bes. Rn Nancy (50; - = eid,

'Pota- |.

SWINE PRICES HOLD FIRM AT LOCAL MARKET

Some. Sales 5 to 10 Cents Higher; Steers and Lambs Steady.

The hog market was very active today at the Indianapolis Union Stockyards with the bulk of the sales fully steady at yesterday's best high. Several transactions were |

weights of 180 to 280 pounds. Packing sows were steady to strong. Prices on the 180 to 280-pounders ranged from- $9.95 to $10.35; those

$10.10; the 300 to 325-pound: class sold for $9.65 t0-$10; weights of 325

Other classes arid prices were 170 to 180 pounds, $9.85 to $10.05; 160 to: 170: pounds, $9.65 to $9.95: 155 to 160 pounds, $940 to $9.85; 130 to 155 pounds, $8.65 to $9.65, and 100 to 150 pounds, $8.15 to $3.90. Packing sows were mostly $8.50 to $9.50, with a few at $9.75 to $9.85. Re- | ceipts were 5500. Yearling Steérs Steady | Yearling steers were steady with | nothing done .on weights above 1100 pounds. and the undertone was lower. Prime 850- -pound mixed yearlings brought $10.35. with four loads of 975-pound steers selling at $9.90. Slaughter she stock was steady. Heifer top was $8.75. Beef cows sold for $4 to $4.75 with the cutter grades at $3 to $3.75. Vealers were steady at yesterday's high with most of the’ better grades bringing $10 to $10.70. Cattle receipts were 1500, calves 800. Lambs were steady at yesterday’s best high on receipts of 200, the

| bulk of the better grades selling for]

| $8.75 to $9.25. Slaughter sheep were | gieady with choice light ewes bring- | ing

Receints 5500

choice... $ §

89 P90 09 8° 9999 00

Mediu Lightweights— (160-180) Good 2nd

ooL©

edium Medium Weights (200-220) Good and (220-250) Good and Heavyweights— (250-290) Good (290-350) Good Packing Sows— (275-350) Good (350-425) Good (425-450) Good

10. 10.

10.

choice. . choice. .

and choles...

O00 UO O00

(100-140)

N= gu BRD OD wmbow

~100 ae®mo Gr OOoWMO

g Good 3nd choice. . Mediu

—

(550-900) Choi Groce

C (800-1100).

—-

COOMOOOoMOTn = PORDIRROORWOD wWOODIODDIVNO GUOOTUOOLUINLO

Cc (1100-1300) G

NP IDDIBRONBOD S388 383S as

M (1300-1500) Good

—

NO PWD oo BE

(850-750) Choice Goo

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

—- CULO

ood Connon and medium . Low cutter and cutter . Bulls, good . ry Cutter, com. and med. buik..

Vealers

i eveipts: 800— Son. and choice

SRP] OPP SDHIVVININID

Soom; EN Ga £020. SH

[email protected] 8.50@ 9.50 6.00@ 8.50

1.50

(250-500) Good and choige..$ 5 5 jim 8.50

Common, medi Feeder and Stocker he (500-800) Good and choice. . m. and medium. (850-1050) Good and choi Com. and medi Heifers—

«Good and choice .......¢..: Common and medium

.50 15 .50 18 .50 5

Common and ‘medium SHEEP AND LLAMBS —Receipts, 2000— Lambs— - Choice . Good

Medium

o0- 170) Saod and choice . Com. and medium. (Sheep and lamb quotations ‘basis.)’

Other Livestock

< (By United Press)

HICAGO, Oct. 14. —Hogs—Receipts, 16,00s, neluding 5000 directs; market, steady Oc higher than. Tuesday's average: rows motuy steady; * sxe To $10. bulk | finished $10. 0G 10.40; erie grade 140-180 er '[email protected]; best sows, 3% Cattle—Receipts, 12.000; $1000; not ‘enough on fed steers with weights to make > P narket: few. .sales another 25¢ lower; -kind grading good to frame, Gredominaung in run an scalpourids upward. Best cattle 50c lower for. the week to date, instances ‘more; common and medium RL ‘sharing downturn,’ only ‘ba yearlings holding up and very scarce; excessive supply 1200-1600 pound steers ‘here; some scaling over 1600 pounds; ally ep. $10.15, paid for light steers; some neld gher; [email protected];

25@ 3.00 1.25@ 2.25 on clipped

calves,

bast heifers, $10.10; grassy and short { heifers and genera grass cows steady: to weak; stockers slow, steady; bulls unchanged, And vealers 25¢ lower at $10 Sheep Receipto, * 14,000, including - 5500 direct: fat lambs steady to strong with best, eimes Tuesday: pate oyner compared toat’ rs .opening: g natives, [email protected]; Sow oltsiders $3.35: indiatiens’ firm range lambs; eep « feedin ismbs Mitte: changed; ep ane [email protected]: ost feeding lambs eligible around $5.50@7.

Money and, Exchange

INDIANAPOLIS STATEMENT Clearings Debits

TREASURY STATEMENT (By United Press) WASHINGTON, Oct. 14 —Government expenses and receipts for the current fiscal year to Oct. 12, as compared with, a year ago:

SE RE RAE Bemis Letter Service. Agis.

‘303-301 Merchants Bank Building.

5 to 10 cents higher, especially on in

of 280 t0.300 pounds were $9.90 to ¥ 8 Sieel af ii oA

to 400 pounds were $9.40 to : $9.90. |.

bulk of crop promises to sell at |

New York Stock Exchange Prices

High.

Houston Anew). : Mid Cont Pet . Ohio Oil

Pet Corp Phillips Pet .... 45 Plymouth Oil. e

racwaver” Assn. 18% Un Oil of Cal .. 23% Steels— Acme Steel { Am Ro

Natl Bee! Pus. st I & Steel 255% € ed U B Pipe & Fdy 5262

‘Warren Bros Warren Pipe-Fd Youngstown 8Motors—

Chrysler 126 Gen Motors ....

- 913" 30 86%

Studebaker Yellow Truck

Motor Access—

endix Bonn alum Borg Warner Briggs

Eaton Mfg Elec. Auto Lite.

Timken Det Axle ~ Mining— ° Alaska Jun Am Metals Am Smelt Anaconda Cal & Hecla ... Cerro De Pasco:

Kennecott Cop.. pcIntyre Mme. Phelps Dodge. . St pe Lead. . U 8S Smelters.. Vanadium Amusements—

Erosley 2 Radio. .

00 Radio Corp

Paramount

Warner Bros.... Tobaccos— Am Sum Tob....

Cen Cigars Lig & Myrs (B) 108. Lorillard 23% Phillip Morris ‘

Reynolds T (B) 57%

n N Y New Haven 4% N Y Ont & West Pe Va

43%

RR Union Pac West ang Equipment— Am Car os Fdy..

Pullman Inc ee West Air Br. 4% Westingh Elec. 150%

Utilities—

Am & For Pwr.. 1%

ni Lou G Nat Pwr & Lit. C12% ] .. 32

Edison .. Stone & Wepster 18% United Cor Un Gas Imp | Ut Pwr & Lt ‘A’ Western Union... Rubbers— Firestone Goodrich Goodyear .. U 8 Rubber 37% US Rubber pid’ 942 Miscellaneous— Allis Chalmers.. Am C

65% 273

Contl Can 72 Caterpillar Tract 82; Crown Cork .... 8 Curtis Sub Deere Foster Snekier. Glia ette

dden Ingersoll Rand..129 Iv abn Natl Dash Reg. . 3% Worthington P.. 30%a

x n un J &

Crm of Whsaty.. 36 Cuban Am Sugar 10 gen Baking .... Food 40%;

to choice Go

Un Bis 5 Sheed Pruit-.. « War Bak (B). .

“eet

Retail & Bla

Kresge S Kroger Groc Macy. R H McLellan St Saw a Marshall Field.. 18! May Dept St... 63% Mont Ward eee: 54% Safeway St ...:. 34 Sears ‘Roebuck Woolwo Aviation

.s we Avia

69 | Aviation . 324 ° n Corp

Thomson & 1 & McKinnon

‘NEW YORK CHICAGO * °

, {54% ? 113% 118%

Best fa Jed gms 8 I

44 2 5 !

(By Thomson & McKinnon)

Low. : 11:00.

23%

66 ; 3 % 23%

, 45% ‘48%

30 86%

126% +138 + a

207% 23%

#33% 32% 56 10% 12% 7

2412 27% 31Va 93%

64%

33% 162%, 72 82%,

82%, 21%

15%

> NN

So a Fora Fa

FEE RE

ROhuck- on.

-30_8% -

Curtis Cc

Thited Sn Air Air

o Br

Natl 1 rng Sche

U 8 Indus

Drugs— Coty . Inc Un Bru Zonite

Chesa Co

Allied Stor

Kansas L

Metro

Wisconsin

(By

Advance

Jarvis Marshall

Sunstrand Zenith

(By Aluminum Atlas Corp Bower Roll

Carrier ‘| Creole Pete Electric Bo Fisk Rubber

Gulf Im Mueller Br

Segal Sonotone

£ Baltimore a of New ]

Hartfor

‘FOR steady; s

Boe Aircraft. 28 tie Wri ht ..

Am Ci St m, Col ( pe

Co Alkall ee Mon Chem 9 (new).

nley Di 50Ys Tex of Sul h. 36% Union Carbide.. 99%

od . isagclal~ s Exp

ocr.

orp -. Transamerica Tr Contl Corp.. 10

Building— ~ Am Radiator

Gen Asphal Ta Fopands Po nace 9%

100 Chicago va 20 ion 3%as "58°. Cleveland Tractor ‘45 Columbia Railways ”a Y Com Invest Tr 3Yzs Conn River Pr D & L es 61. 1 634

Gen Motors Acc Corp 3s '46 Gen Motors Acc’ Cor Indianapolis‘ Water [owa South Utilities -¢ 8s '66.105

Los Angeles G & 2 4s '170. Louisville G & E 3 Ed 4s Minn Gas E & Dr Narraganse N Y Chi 8 Pacific ERE

Penn Tel 4s’ Pub Serv N H Svs 66.

Southern Kraft 4)2s ’46.. Union Pacific 3s '70 Wiscon Gas &

\dams Manutscsuning aaa sbie inl Investors .

Co Consolidated Biscuit .. Electrical Houseliold .e General Household . Great Laeks Dredge . 0

McCord Radiator Mid-West Corp pfd ...... vansrl

Sel

be 18%; 72 5% #

3.8 Sada

21 NEW. 24

Chetieats~

sigkss

efseess

YF Se ho

Alco. 40%

14% HA

(lew). g 3

1434 ‘4% 13% 943, 112%, 14% 10

1434 4% 13% 1123 14% 10% ‘23V, C23,

3m 26% - 39% 1

New Bond Issues

(By Lyons & Co.) es sls 51

Arkansas Gas

315s '51) Yas ’66 ..102 P 4

Yas '66

45 '50 hy

Lite Wks ‘61.

108% 98% 100

104%

E seis . Pub Serv 4s '61....104% 1047;

Chicago Stocks

Atkins, Hamill & Gates) Noon.

Prev. close,

sesev ye

Libby MeN! ® nd Libby Lincoln PLinting

New York Curb

Atkins, Hamill & Gates)

Co of Amelica : “B”

American Cynamid Am Gas and Electric . Am Superpower

Brown Foreman

er ping Alcohol “A”

Cooper Bessem Canadian Indust Corp

Corp nd AL ERate

Ford Hotors, Ce Canada ‘‘A” Humble Oil and Refining Co.. Hyler Preferred rial Oil

International Vitamin Niagara Hudson Power

ass

Penroad Corp Pierce Governor Spencer Stores Root Petroleum .....

Regis Paper . Brothers

Unlisted ed Stocks

(By Blyth & Co.) NEW YORK STOCKS

Bankers Trust ...

g Manufacturers .. National City ve 44 National Shawmut Boston .... First National Boston 52

FIRE INSURANCE

Aetna Fire Insurance . American Ins of New York

American York .

‘| Franklin Fire | Federal Insurance 45 *Great American Insurance. . . National Fire 66 Home Insurance enn

Nafonal Liberty wacesvasteeren North River sear ses anna eres

Phoe Westchester Fire. “vs ; *Ex-Dividend.

Other Se

T WAYNB, Oct. 225-250 1lbs., 250-275 1bs.,

14.—Ho,

, "$6.75; calves, $10.50;

95% |

Market, 1bs.

ughs, lambs,

40 N.

W. L. LYONS & CO.

Grain, Cotton, Commodities, Stocks, Bomis

. New York Stock Exchange

Chicago

Russell McDermott, Mgr.’

Established 1878

MEMBERS SA

New York Curb. icagn Board of Trade Stock Exchange

Penn. St.—LIL 8315

New York Stock Exchange. nge, New York Curb Exchange. New York Cotton Exchange.

H Tel & H.. Tel

Belt Ra

Se Se e Se

ect ecte ecte

ecte

Trustee

cent hi weigh

Soe: und he eavy,

ers, 1%

pe, tubs; 3 Rac;

cel ots, 12@16¢c;

13@1 stock. 240; N. 8

Whites, $1.25.

Indus Ra

Indpls Railw Interstate

Heav 9c;

Bareback Ducks, full Butter—Creamer 2, 32% @33%:c.

Che Ind i (TH)

ABC Brewin

ilrosids

Northern Ind Pub Northern Ind Pub Serv pfd . Progress Laundry Pub Serv Co of nd pid 6s. . ‘Pub Serv Co of Ind Southern Ind Gas & Terre Haute Union Title Co *Ex-Dividend.

und

AA’ or

or Corp ‘AA’ or ‘Acc’ Corp Trust Shs (orig.) Diversified Trustee Shs ‘B'.. Diversified Trustee Shs ‘C’. *Diversified Trustee Shs ‘D’ Dividend Shares I General Investors Trust ....

yon ...

103

17% 36 21% 23% “48%

SR 14%

28%, -

62 T 9% - 31%

BONDS

Se '61.. 1 Ft W *43

c s hs I H Water Works 5s; '56. Seymour Water Co 5s '49 Trac Terminal Co 5s '57. Indpls Water. Co 3'%s ’'66.... 1101% 3

y STC CRS Co

Tel

erv pid Bs. 8 Co 1d ’.

Elec C

sAdministered Fund 2d Affiliated Fund I . American Be Shares Broad Bure Investing . Bullock Ltd i 0% Shares Trust ..

‘Accum’ (mod.) {unmod, )

Am *Market Street oT Corp [aryland Fun *Massachusetts Inevstors .. utual Investment Fu ation-Wide Voting 2.1 North American Tr Shs 1955 3.75 North American Tr Shs 1956 3.70 North Amer Tr Shs (orig.).. arterly Income Shares ...

FAH

"id

»o

do not Te but iy market -ing

& Tol FW 8 fag 460 104 : A 5 ans

4-5 & St Cas com 57° Belt Ratlroad = Stk Yds pfd 56 Central git Pwr pfd 7 29 Home Tel & *Hook Drugs Ihc a *Ind & Mich Hes co. pid 5. *Ind Gen Serv Co 1.101

2.81 1.82

Amer Shs Inc (ew) 3 £2

Amer

Shs (erig.).

Cumulative Shs

Trustee A rs Oilshs Trustee Standard Ollshs United Standard Oilfunds .. *Ex-dividend.

Produce Markets

(The prices quoted are gathered in the country, w eries. in Indianapolis. Eac 5 lbs. gross.

BES; No. 1 He fresh, loss off, 23c ibs. and over, 12c; Leghorn breed hens, colored springers, 1bs., Je over, 13c; Leghol® breed spring1bs. ec. Cock breed,

her.

breed 1bs.,

springers, Sathered) fat

me Shares

State doce Invest Corp. *Supervised She a Inc (Del.

‘A’ ‘B’

full

hens, 5

and ovef,

Tah

or etal.

(By United Press)

2740

40 truck sprin

1@18%c; ‘broilers, 1 @19¢; Leghorn hens, 10120; old rovsters,

4c. Cheese—Twins, TAB 150; Daisies, 17% @18c; Longhorns, Potatoes—Supplies, hans on western stoc

. No. set Burbanks. McClures,

$1.85@1. $1.70; unclassified, North

arket, extra firsts 29%c; extras (92 score), 31%ac; specials,

oiltry_ Market,

cases; fresh g

26c; checks

weak; (90-91% 313, @33%c; geese,

“chickens, 1212@16¢c

18@18

oa 12.50. 30@2 40. Wis Y. 8 "$1.67;

aid for ile for ihe prices are 1 case of eggs must

a =

under

51% 68%

3742

Local Securities By J dizuapolis. Bond - and Share Corp.) Jollowing que quotations sent “actual bi . i Polls ro. based on ne approxi recent transactions.

merely level uiries or

Asked 104Y2 105

Invesiment Trials (By Thomas D. Sheerin & Co.)

stock deliv-

8c. 9c.

Geese, 4c.

raded

35/2@36%2c; No. 28¢c.

CHICAGO, Oct. 14. Ess Market, firm;

firgts,

27%¢; “extra’ firsts, 28c; dirties, 28%ac; cur‘rent receipts, Butter—!

“9350 29%2

Hi 30%2 ; 8 andards, 1

® demang, slow and weaker on ortho dane Bnet aks, 22@

Colorado Red consin Round

commercials,

Ya: U, Dakota Cobblers, $1.90 Arrivals, 81; on track, 212; shipments, 85

ka 2, 4

oes — Chicago Grain Futures (By James E. Bennett & Co.)

Prev.

: 11 High Low A.M. close

1.15% $1.15% $1.15% Sais Tides rida

99%

943, 897 86%

A1% 42

99%

94% 90. 86%

99%

98 90% 86%

41%

42 39

82% 5%

2.824% a.m

al.22'2

UNEMPLOYMENT PROBLEM BEING

National Income Up 16 Per Cent Compared to Year Ago.

Times Special NEW YORK, Oct. 14 —Solving of the unemployment problem in the United States continued during August at the steady pace which has prevailed during the ‘past seven months, Alexander Hamilton Institute announced today. Total number. of unemployed persons during August in the United States was 11,427,000, a new low for the recovery movement. This aggregate compared to 11,718,000 listed in July and 13,005,000 in August,

1935, while representing a. reduc-

tion of 5,547,000 persons in the job-

000° in March, 1933, the Institute reported.’ Employed persons during this month numbered 39,682,000 against 39,361,000 in July and 32,940,000 in March, 1933, the low point of the depression. Thus, 6,742,000 persons have been employed since the.low of the depression. The. difference being in the growth of population. Despite a slight recession in value of national income during August from July, the total figure for the month was much higher than that for the corfesponding month a year ago. After rising for five successive months, the national income in August declined to $5,066,000,000 from the July compilation of $5,287,000, 000, according to the. Institute. However, the August income was 140 per cent larger than in the similar month last year when it amounted to $4,409,000,000. The cumulative total for the first eight months of this year was $38,490,000,000 compared with $32,952,000,000 last year, an advance of 16.8 per cent.

. ® 2 Building Permits Jose jp Teeters, 609 N. Wallace-st, ga-~ rage, ary E. Hall, 205 E 34th- st, 30% $150. "Mr. Rice A528 Broa dway. gara $38 Mrs Ham F.: Cowan 1106. *N. KeyEt i tion, $850. Leo Moime, 704 S. Noble-st,

50. ; : . Frank Romandix, 605 Stevens-st, furnace Sou ies ‘Walker, 15 S. Ritter-av, boiler,

Coca-Cola Co., 1231 Ol err sign,- $50; 372 S. Meridian-st, sign, 1615 sh 7" $50: 747 N. 3 sign, $50; Washingion-st. sign, $50; 1409 E.

Macidian es sign, $50 1403 ' Flefcher-av, garage,

furnace,

roof,

Paul Barner, $245. x C. Fiscus, 1223 N. Mount-st, General Outdoor Adv. Co. 23d and Cen-tral-av, wall panels, $250. Dora Eabker, 525 E. Morris-st, roof, $250. ylang Mootz, 1958 Carrollton-av, store ront Indianapolis yy ackid Co., 1415 N. Me-ridian-st, Srecking. § sa Spence, 3219 Capitol-av, garage, Ee Hermann, 4658 Hinesley-st, roof, i ger Worley, 4702 Cornelius-av, heating an par D. BR key: 5676 N. Delaware-st, garage, $200; dwelling, $5600. orris Plan Bank, Delaware ‘and - Ohiosts, sign, $500. General Outdoor Adv. Co., 28 E. Wash-ington-st, sign, $200: Washington-st and Capitol-av, Sian, $300; Capitol-av and Georgia-st, sign, $400; 2009 W. Washing-ton-sf. Sign, 150; 1102 Shelby-st, poster panel, no. B. Good, 234 N., Sheffield-av, porch, Railroad Building and Loan Rssociation, 6 N. Dearborn-st, electrical, $12

36 0 3 tCopy Fight, ‘1938, by

less ranks since the peak of 16,974,- | 35

oward-"

N.Y. Bonds

(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Syeragy equals 100)

Indus. veasses 93.4 Saturday ‘in 334 Week. ago ... 93.1 Month ago . : 323

Year - [936 may .. 93.4 low 90.

20 60 Util. Bonds 106.1 99.9

9 89 99. 83. ics

7 8 8 7 . 9 84.7 103.5 3 Standard Statistics)

U. S§. GOVERNMENT BONDS (By. Abbott, Proctor & Paine) Treasurys

101.23 101.73 , 103.13

104.2

Prev. Close 100% 98 92% TT 113% 111la 99,

Issue

Alleg Corp 5s Alleg Corp 5s ’ Alleg Corp 5s

Atl Coast Line 4s : Atl Coast Line fy) "64° Am Wat Wks "5... “nt Am Rolling Mins 4s 45 :. Balt & Ohio 8s 2000 Balt & Ohio 6s '2 Balt & Ohio hs '60 Buff Roch* & Pitt 4'2s 57,0 Beth Steel 4s '60 . oe Chi Milw & St P 5s '75 Chi Milw & St P 5s 2000. . Cleve Un Term 5s ’73 . eX ve Un Term 4's . Gas 5s May '52 ... Sol Gas 5s April ’52 .. Col Gas 5s '61 Can Pac perp is... 98% 60 LI

.Container Corp 6s Con Gas 4%s ’'51 .. Chesa Corp 5s ’47 . Del & Huds 4s '43 . N Y Dock 4s. ’51 ... N Y Dock 5s '38 ... Erie 5s '75 Erie 5s ‘67 Grt Northern “G” Grt Northern “H” Grt Northern 4'zs

Ill Cent 4%s 66 Ill Cent Jt 4%s’ '63 Ill Cent 5s ’63 Interboro Rapid, Trans 5s 66. Interntl Hy Elec 6s Interntl Tel & Tel ails, 39. Interntl Tel & 5s 56 Interntl Tel & ial 4158 53. Lehigh’ Valley 4s 2003 McKess Rob 5 Mo- Kas Tex.Adj 58 187 vive. 4 Natl Dairy 33%s ’51 . Natl Steel 4s ’'65 Nickel Plate 4l2s 73 Nickel Plate Bus ‘4 N Y Cent 5s 2013 N Y Cent als 2013 (old). N Y Cent Conv 6s ’'44 . Nor Amer Oo 56s ‘61 Nor Pac 3s 2047 Nor Pac 6s 2047 .. Nor States Pow 5s 1. New Orleans Serm 4s ’55 Otis Steel 6s.’ , Penn Ry 4s 63 Vevvereenee see 104, Penn Ry 4%s '84 .eocieennnes Penn Ry 4Ys 81 ....... iees Penn RV 33438 "M0 cceveennes wos Pac G & E 55 '42 Portland Gen El 42s ‘60 Para. Publix 6s '5 } Penn P & L es ’8% .... Postal Tel & Cab i Rem Ww

Secony im 3s Sou Pac 4l~s '68 Sou Pac 4%s ’'31 .... Sou Pac 4s ’'49 Sou Rail 458 56 .seceseeceseses 8 Sou Rail 6s '56 Sou Reail Blas '56 . Texas Pac 5s '80 .... Texas Pac 55 79 .

8 103.23 104.4

TIRE BUSINESS OUTLOOK GOOD, OFFICIAL SAYS

Expected to Reach Largest

Production Figure Since 1930.

Times Special AKRON, O., Oct. 14—A vastly improved outlook in the rubber in-

‘| dustry, reflected by a better medium

between demand and supply, more stable crude rubber prices and a growing market for tires, is observed by P. W. Litchfield, president of the Goodyear Tire and Rubber Co. Total tire production this year, greatly stimulated by the resurgence of the automobile industry, is expected to reach 52,000,000 units, the largest volume since 1930 and not far below the output of that year. Mr. Litchfield predicted total sales will reach aproximately 29,000,« 000 tires for motor vehicles already in operation and 22,000,000 units for original equipment by automobile and farm implement manufacturers. Aggregate export business is expected to require 1,300,000 units in addition to those manufactured abroad by American companies with foreign plants,

Truck Tire Sales High

“Crude rubber consumption dure ing 1936, will probably be greater than in any previous year, exceeding even the high levels ‘established in 1929,” he said. Citing an important facter in the record consumption, the increased amount of freight moved by auto truck which enlarges demand for pneumatic truck tires,” Mr. Litchefield said, “At the present time 35 per cent of all expenditures for renewal purehases of pneumatic tires are for truck tires, and the percent« age of the tire dollar devoted to this purpose is growing. Even during the worst years of the depression there was relatively little decline in the number of unit sales of truck tires.” All subsidiary plants are operating at a profit and justifying the capital invested in them for the first : jUme in several years, Mr. Litchfield said.

“(VOTE DOLLAR DIVIDEND

Times Special COLUMBUS, O, Oct, 14 Directors of the Ohio Finance Co. have voted a special dividend of $1 a share on each of the company's 141,922.83 shares of no par common, it was learned today. The payment is to be made Nov. 10 to holders of record Oct. 24, company officials announced. :

United Drug 5 '53 U_S Rubber 5s 47

Warner Bros 6s 55 Western Mary 5'as x3 Youngstown 8 & T 4 hon S&T 3 128 '51.... FOREIGN , raentine (AY 68 'B7......+% ..100%% Australia 4'2s ’56 103% Brazil* 8s ‘41 Canadian Govt 4s k 4's ’55

Modern Lighting Exhibits and - Demonstrations

at the 2nd Annual

ELECTRICAL Industrial Show

Wed., Oct. 14—Thurs, Oct. 15—Noon to 10:30 p. m.

1230 West Morris St. ‘Sponsored by Electric League : : of | Indianapolis. .

This is the new Light Meter that measures light just as a thermomseter measures temperature. Let it guard your seeing and your eyes

still trying to work without

MEASURED LIGHT?

Are you handicapping yourself by reading or working i in light too dim for easy, comfortable seeing . . . without eyestrain?

There's no need to take chances, now that light can be measured, just ds a thermometer measures temperature. The new sci

t Meter,develo;

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’phone us, and an experienced li convenience to measure your with a = Hight Meter. This

world’s “foo on your desk. It will also show how much li to have for safe seeing according to modern

FREE LIGHT METER CHECK-UP FOR OFFICES, ST:

To make sure that your eyes are right, we suggest them examined by a competent eyesight sire tit yout lighting ls up do modern,

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