Indianapolis Times, Indianapolis, Marion County, 15 October 1936 — Page 24

orld Trade Needs

PAGE 24

THURSDAY, OCTOBER 15, 1936

and playthings has been noted by the Toy Manufacturers’ Association of the United States. : expected to continue through the late Christmas buying.

The trend is

Stabilization,

Flynn Says. BY JOHN T. FLYNN ed

is the fourth of several articles in Jolin T. Flynn, noted authorist, will attempt to describe simply _ and clearly just what has happened as a ‘Fesult of the devaluation of the French fie and the tri-nation agreement about ‘eurrencies and tariffs.

EW YORK, Oct. Oct. 15.—The effect of the new money accord American business is not dif« t to trace. To follow it one amust recognize that there are two ! jors. One is the devaluation of tS The other is the stak tion agreement. The devaluation of the franc, followed by devaluation in Italy : and some smaller gold countries, can not, of course, of itself affect favorably American business. President Roosevelt de - valued the dollar in order to enable foreign buyers to buy ; ; more dollars Mr. Flynn with their currency units. ‘The President believed this would stimulate foreign purchases in America, particularly of American farm products. This would be the effect if no other force intervened. But other forces did intervene. ~ Beveral countries also devalued "their currencies, which wiped out . the American advantage. All other countries, France leading, imposed new horizontal tariffs to wipe out the effect of the American devaluation. This, of course, was inevitable "and the President might have foreseen it. Now France by devaluing rer own currency, restores approximately the old parity between § franc and dollar and thus, so far as France is concerned, completely negatives the effect of our devaluation.

# ” 2

: ow Italy, France, England, Switzerland and all impor- _ tant countries save Japan and ~ Germany going in for devaluation, the general effect is to restore the world’s foreign trade to the place where it was when first England and then President Roosevelt dist d it with their original deations. France has now devalued and at - the same time has wiped out the extra tariffs imposed against us be-

cause of our devaluation. In it-

self, therefore, the devaluation ~ agreement gives us no special ad- - vantage. Stabilization, however, is of distinct advantage. The advantage is obvious. American merchants and ~ producers are hampered in selling ~ in France or Italy or any other ~ country as long as the threat of money fluctuation hangs over the - market. The producer sells today

«for a dollar, which dollar will not

~ be paid perhaps for a month or 90 ~ days. And if the seller can not tell ~~ what the dollar will be worth when "it is paid he is paralyzed by the uncertainty. 5 8 o ”» E must know the kind of money we are doing business oy in international trade, as well

as in national trade in order to do

~ business. This is axiomatic. And those who disturbed the exchange - markets delivered the greatest blow to international trade. ~ This uncertainty was introduced into the exchange by England in ‘order to stimulate English exports and by President Roosevelt to protect his nationalist economy under the NRA and to widen the market for American agricultural products. For us the policy was a failure. - Unfortunately we have not got currency stability yet. We will not have until the value of our dollar and of the franc is finally settled on. When it is the effect on international trade should be invigorat-

But of course it is sheer nonto imagine that this policy will, like magic, release the energies of trade here and elsewhere upon a great scale. Much more will have to be done. (Copyright, 1936, NEA Service, Inc.)

"INDEX AGAIN DROPS

Times Speciai NEW YORK, Oct. 15.—The WeekFood Index for the week ending 6, fell 1 cent from the $2.75 vel recorded during ‘the preceeding k, Dun & Bradstreet reported

This is the fourth consecutive ek that the index has dropped nd now is the lowest it has been B June 30. It is 2 cents below

m— week of last year. Trvi

tions below. bject to change wholesale Bible. be; local Smiission 9 Seal hos ears. regon rtletts, 150s$3.50; Florida Avocados, 13s-16s, Bananas, selected, 1b. Ap5. 2 0. 1 Zeqnsyivania Jonathans, Xe " 75; Indiana Grimes, 1.78; Nei cious, 2% inches Virgi nia Jonathans, 2% Lemons, Sunkist, 360s, 4. es—Mexi-

50: m 2s, 2212s; Persian seedless, a | Ni

lums, Italian prunes,

Jo. i 8

16-1b. Michigan Concords, 4California Tokays, 27Cranberries, C. C. Early

upes, Colorado Pink| ne

s, vine- ,_ Michigan 1s. box, $1.90; Michi; Sora Ss. X, chigan. bu ABLES Artichokes. California, 5.50. Beans. round stringiess, Kentucky Wonders, ba.

1 $1.40. Ya ne.

bu, grog: 4 BL $1.80:

ce Markets 7 Juoted an i or

tu bu

1 1 New, York Wealthy, 2% ‘Inches Ped

bile 3 “hen A : | stoke "Suis

: |p must

BANKERS OF 11 COUNTIES MEET IN ROCHESTER

Discussion of Financial

‘Problems Scheduled at Regional Session.

Times Special ROCHESTER, Ind., Oct. 15. — Bankers of 11 counties met here today to discuss problems of the banking fraternity. C. B. Enlow, Evansville, Indiana Bankers’ Association president, was to speak at the afternoon session. E. 8. Woosley, Louisville First National Bank president, was to discuss monthly payment loans in relation to banking, and John F. Hull, Evansville, Vanderburg County agricultural agent, was to discuss

‘the relationship existing between bankers and farmers.

T. I. Walsh, consultant for the Standard Supervisory Service, Standard Statistics Co., Chicago, was to give the highlight address on bank earnings.

Percy Smith, Rochester First National Bank president, was to preside, Other officers are F. L. Lough, Remington, vice president, and F. W. Van Antwerp, South Bend, secretary-treasurer.

Officers were to be named at today’s meetings in the Colonial Hotel, Lake Manitou. The 11 counties comprising Regional Clearing House Association 2 of the Indiana Bankers’ Association include Elkrt, Fulton, Jasper, Lake, La Porte, Marshall, Newton, Porter, Pulaski, Starke and St. Joseph.

MANUFACTURING HIGH IN STATE:

27 Per Cent Increase in Wage Earnings Shown by Census Bureau.

Times Special WASHINGTON, Oct. 15—~Manufacturing in Indiana increased substantially in 1935 as compared with 1933, the Bureau of Census reported today.

Full and part time wage earners averaged 252,734 in the Hoosier fac-

cent over 1933 when the last census was taken. Wages amounted to $263, 843,000, a 53.3 per cent increase and value of products $1,657,792,000 a 59.4 per cent increase. The 1933 product value was $1,040,148,315. The 1933 figures are “preliminary” and subject to final correction Director William L. Austin of the bureau stated. There were 3936 establishments in the 1935 census and 3373 in. 1933. In 1929 there were 5072 establishments, employing 314,623 wage earners at $418,692,873 and producing products valued at $2,537 363,292, The 1935 figures are below those of 1929 by 22.4 per cent in the number of establishments: 19.7 per cent in the number of wage earners; 37

per cent in wages, and 34.7 in product value.

re it i ADVERTISING LINAGE RISES Times Special CHICAGO, Oct. 15 advertising volume placed by retailers in 67 major cities during the week ended October 3 was 7.7 per |,

today in its latest issue. totaled 21,336,724.

LOCAL CASH MARKET

City grain elevators are payin $1.10 for No. 1 red wheat. Fothes grades on their merits. Cash corn new No. 3 yellow, 96¢c; oats, 36c. Hay—No. 1 timothy, [email protected]; No. 1 clover, [email protected]; No. 1 alfalfa, first cutting, [email protected]; second cutting [email protected].

Unlisted Stocks

* (By Blyth & Co.) NEW YORK STOCKS

Bankers Trust

Bl Asked. Central Hanov . Chase id

ceeee 13433 136% 517% «no. 643, 66 «0e.16412 168 $a3+.830 356 15% 17

437 ait

Irving 7. aE r aa National on ene ona awmut B "ee First National gut, Basten

Aetna Fire Insurance American Ins of New York .. Baltimore American City of New York . Franklin

1314 3

Fire ..... Bhim Insurance

*Great Athe Naren | rican Insurance. os Har rtfo an

Westchester Fire ara

titrarssassann

55%

— ee es Building Permits Soy Luxe Cafe. 340 N. Illinois-st. sign, tess: saps nefleld. 126 N. Lynhurst-dr, seriooster Cab Co.. 339 W. 35th-st, stoker. basingion Realty Co., 1118 N. Capitol-av, stoker Wade, 3538 Washington-blvd. ath TON Co.. 2038 N. Delaware-st. an Guirts, 14068 Montcalm-st, stoker. Trueblood, 1319 N. Alabama-st. Likely, 3148 Washington-bivd, 10th-st. . 3639 Birchwood-av, stoker.

B. Steveson, 5602 EB.

i ,Gerdts, 918 8. New Jersey-st, Le Harter, 918 BE. 50th-st. dwelling. Anderson, 1903 Hoyt-av, altera-

a PRET B® Tal] ot 22 . L. Reno. 3501 Roosevelt-av. addition,

tories in 1935, an increase of 27 per |D

| Gen Cigars

~Newspaper Er ie

Other | ©

% 513% |

an nee To 3209 Washington. | Corn rley . 1632 Ashbury-st. porch,

LEST WE FORGET

THEN .-

NOW

For the first time in railroad history, current liabilities of the railroads of the country exceeded current assets on July 31. operated at a net in July and $148,687,052 in

The railroads loss of $31 at a net loss the seven months to July 31.

ICC authorized RFC to lend another $12.461,350 to Chicago &

Northwestern Railway Co.

pay interest charges and par-

tially repay bank loans.

Receivership proceedings started in U. 8S. District Court Nickel

at Chicago against the Plate Road.

OCTOBER, 1936 ICC reports that in the first eight months of 1936, Class 1 railroads realized a net railway operating income of $364,797,978, an increase of 38.2 per cent over the same period last year. Carloadings are 28.1 per cent better than the same week last year. : Missouri Pacific, first railroad to slip into bankruptcy, is “in a fair position to resume as a go-. ing concern.”

New York Stocks

(By Thomson & McKinnon)

1:00 High Low

Oils— B M. Atl RIg «...0... 28% 28% 81a

Barnsdall ... 18% 13% 34

Consol Oil Cont of Del Houston (new).. 10% Mid Cont Pet... 28% onl oo 1

sees

Phillips. Poet . Plymouth Oil.. Pure Oil ae's

geabosrd oil = Shell Un

Texas Corp .... Tidewater Assn. Steels— Am Roll Mills Beth St eel Byers A Inland steel

18%

32 %

ok cen Dips & Fdy. 33% U S Stee 76% U 8 Steel pid . 9%

Warren Bros .. Youngstn 8 & T 817

eo Studebaker Yellow Truck..

Motor Access— 31% 461% 80 61 12% 38%

1. Timksn Det Axle Mining—

Alaska Jun ..... Am Metals Amer Smelt ...

23%

1534 447% 80% 43% 11 573% Jin

Cerro de Pasco.. ome Mines ....

Nor Ore Homestake Min. 438 Howe und 53Y Ins Copper .... 002 Int Nickel : 62% Kennecott Cop.. 527% McIntyre Mine.. Park Utah Basle Dodge es St Joe Lead .... Us Bmelters as Vanadium 24 Amusements—

Fox Theat .. Loews Inc ..,. Radio Corp . Paramount RK

Warner ‘Brog o..

Tobaccos—

Am Sum Tob . Am Tobacco ‘B’. add 10 1013

Ya 13% 24 102% 52 10 2 % 23% 57%

rillard Philip Morris 8 Reynolds Tob ‘B' 57% Rails, Atchis 83% 42%, 2 13% 5% 2 10% 2 412

Can Paciic . Ch & Ohio Chi & Gt oni & Gt W pid 10% CM&StP 2

cent above that of the 1935 compar- ¥ is ative week, Advertising Age said | 3 “pan

Linage Mo_Pac

N Y New Haven 4, N Y Ont & West 53% Ner Pacific nRR

25 14415 iit . 10%

Union Pace West Maryland Equipmenfs—

Am Brake Shoe. 1H An gar = dy .

Am 3 Am Steel Fdy . 44 Bald Loco Gen Am rk Car 62% Gen Elec 48%

811% 5313 37% ‘81 62%

48% Pullman. inc .. 84 West Air Br .. 45% Westingh Elec .. 180% 140% Utilities— an Power & Lit 12% 12 T&T «179%

2353s

s3%2

Western Union. Rubbers— :

Pirestone ....... Goodrich

8 FE

Us tubber U S Rubber sia: Miscellaneous— Allis Chalmers. . Can

82 o

eh a SERB laNRes Ap a FL

of 5

B32 58%

gal

Prev. Close Penney Safewa Sears Woolworth Aviation—

Aviation Co B g oh . Curtiss ight : Curtiss Wrig $. A 19%

Douglas Air .... 71% Nor bis? AV ....v 1%

Sperry Corp coo Ys nitd Aircft New 24% Chemieals— Air Reduction...

18%

32% 3Ya

Carbide. . 100 U 8S Inds ‘Alcohol 41%

Drugs— ’ Coty INC ....... Lambert

Sterling Prod .. L768. Zonite Prod 8% Financial—

Adams Bxp .... 15% Allegheny. Corp’ . 43

. 14% a tSorp we oa 3% Comm Cred Comm Iny Trust said Lehman Corp ..112 Transamerica ... 14% Tr Contl Corp .. 10 Building— Am Radiator

5%2

23% 27 39%

57 121

ous » 33%

131 60% 69% 28% 28% 102% 102%

iby 4 owens Gis an

Otis Elev US Gapsumi ...102% beam Col Pal Peet .... 11% Congoleum ..... 36 Kelvinator * ..... 23% Mohawk Carpet. 247 it

1714

Proc & Gamble. Servel Inc Simmons Bed ... Textiles— Belding Hem ... Celanets Corp .. 2 Collins Aikman . 63 Gotham Hose ... Indus Rayon ... Kayser Julius .. ‘Real Silk 12

| Chicago Stocks

(By Atkins, Hamill & Gates) Prev.

Close. Advance Alum cars OY 9Ys Asbestos Manufacturing isdn 3a Bastian Blessing . 1 4

Ber . But 13 13 Central oie Publ Service. . 1% NY Cities Service 4% Commonweslth Edison <...... mi ord Corp 4! *'41, 41%, 10%

Cra Co Consolidated Biscuit .

32%, 10% 13

i BY 12% 0 . 24 Godchaux Sugar “Ar cesssase 101% | Godchaux Sugar ‘‘B’’ ...ecsses 54 Oreat Takes Dredge +... 5

23% 87% | Lince ap {ntin| ncoln T, . 4 arshall Pield g cCord Radiator Seshesanvevan cGraw . id-West Coip Preferred node Ste

82% 43 25%

13% 15%

10% 17% 42 10%, 521,

Sundstra . williams "0ui-0- ais erasasae Zenit Musk Motors

New York Curb

(By Atkins, Hamill & Gates)

in iaeaeu 25%

Noo! Aluminum Co of America seve American Cynamid * ds Am Gas an Electri . Arkansas Natural Gas RN: ee Atlas Corp . chess: 18 Brown Foreman 9% Bower Roller Bearing. Carrier Cor Creole Pet Electric Bond hd’ Shar re Ford Motors, Canada iy eas Gulf Oil, Penn ygrage Food .. [Imperial

Lion Niagara Hudson Power Penroad Corp Pierce Governor .

Chicago Grain Futures © 11:00 Prev. a ge Close

i 18% 99%

- Hi eh 1.18% 99%

41% 41% 39

83% vis 2 - ne% ny Beans— 1.25 1.24% Yl) dikea,

(b) Bid. - Money and Exchange INDIANAPOLIS STATEMENT earings sesssvieat essay onan bits .. an en TREASURY STATEMENT (By United Press)

.82 3

FEET

‘| expenses | d" Feceipts. for . current foal year to to Oct. as compared with | a year ago: " tasty

s1.948.368 181 sa Gitte 1

Gold Res. . fain ne Customs. 17, Ana

mT »

; 3 BUSINESS LURES

AGAIN RISE, UP. 17

| Slaughter

S€ | Good

i LARA TE ibs steady: 225-27 .60@®9.85;

Ra | ste 90

WASHINGTON, Oct. 1. — Government

PORKER PRICES UP FIVE CENTS AT LOCAL MART

[Cattle Market Slow; Lambs|

Active, With Sales. at $9 to $9.50. ;

The hog market. was 5 cents higher than yesterday's average on weights of 160 to 300 pounds today at the Indianapolis Union Stockyards. Prices on underweights and those of 300 pounds and up were steady. The 180 to 280-pound class ranged from $10 to $10.30, with one load of strictly choice 235-pounders

bringing $10.35. Sows opened fully steady, but closed weak with most

Fev. | sales at $8.75 to $9.75.

Porkers in the 280 to 300-pound class sold for $9.90 to $10.15; those of 300 to $325 pounds brought $9.65 to $10.05; weights of 325 to 400 pounds were $9.40 to $9.90; the light-

3, | er weights from 160 to 180 pounds | wwere $9.65 to $10.10; other classes

were 155 to 160 pounds, $9.40 to $9.90; 130 to 155 pounds, $8.65 to

2 169.65, and the 100 to 130-pound

class $8.15 to $8.90. Receipts were 5000; holdovers 248. Cattle were slow and steady in all killing classes on receipts of 800, calves 600. Most steer sales ranged from $7 to $8 and a few heifers sold from $8 down to $4.50. Beef cows brought $4 to $4.75, with the cutter

s | grades at $3 to $3.75. Vealers were

steady with the bulk of the better grades selling at $10 to $10.50. Lam! were active for fully 25 cents higher with the bulk of the better grades bringing $9 to $9.50. Slaughter sheep were steady and the top for fat ewes was $3. Receipts were 1000.

Receiots’ 3 7000

1000 6000 7000 5500 10.30 5000 (140-160) Good and choice. 8 8.90@ 9.90 Lightweights— um ves, 2 (160-180) Good and choice.. 350010 3

9. 9.902105 10, 2 [email protected]

and hoite.. [email protected] and choice.. [email protected]

and choice.. 1 and choice.

Medium Weight (200-220) Good (200-250) Good Heavyweights— (250-290) Good (290-350) Good Packing Sows—

(275-550) plidium "dons od 3nd choice...

0. 9. 9. 8. 8. 8. 2

(100-140)

85 B33

Wes BIG

ne seeipts, 800— $

(550-9800) Choi G

—

P PORVOO ABB DDD

C (800-1100) G

Medium etessnaene Common Choice Good

(1100-1300) sesennses

383883333365

2000320030 999d S299993399993

Rb aRRRa 553333333888

M (1300-1500). Choice : Good

Heifers Choice svassevsseend Good Comnion, "medium.

Good and choice. . Coffimon, medium.

(550-750)

—

2300S Bese

(750-500)

—

oo 4 10h and medium . Low cutter and cutter Bulls, goo Cutter, com. and ‘med. bulk... Vealers Receipts, 600— Good a and choice

83333 SS SAG ed ia cn SS

ano 833 098 pa. 20S 888

(250-500) Good and choice..$ 5. Common, medium. 4. Feeder and Stocker Cattle (500-800) Good and choice.. Com. and medium. (850-1050) Good and choice.. Com. and medium. Heifers—

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

nin [==]

oo sian on ag asas

09 OI ta on

, * Cows iii Ea casras eS 3 25 Common and medium SHEEP AND LAMBS —Receipts, 100—

ei . Bg

Lambs— Chuige

Sesvessessnese tenn

= MR0D 8353 9 99D

wes— 8 (90-170): Good and choice . Com. and medium a Toyep and lamb otations

Other Livestock

By ited Press) .—Hogs—Rece Boo direct: market a mos 5c lower than Wedn ne +16 25: small lot, $10.3 [email protected]: most

day 2s gusrage: 1bs., $9.7 fg Bhished 140-180 1bs.. $3. 785, 85; best sows,

oo Cattle—Receipts. 5000: s 1000; steer and yearling trade more posi all inter2sts buying: killing quality Jlainet; marfut genera won ng to sey ns comred wit, nstances Svaers

nd 3 offerings asse an 36. be 25 ih He ol bred est: ern Passer s feeder unfs at a [email protected]; ‘she stock

I wn

£9

soso ipts, 17.Ta dire 400

= | wisconsin Pub Serv 4s 61 ....

Invesiment Trusts

(By Thomas D. Sheerin & Co.)

or cutter PHIL ohie I ula Eth: + Vealers stocker tirade remains slow, weakened by TGORt break in fat e.

usage bulls

NINE MONTHS DIVIDEND DECLARATIONS

nN o Oo

of Dollars” oo Oo Oo

Millions

1933

1934

1935 1936

New York Bonds

oday Yesterday . Week ago . Month ago .

1936 High 1936 Low (Copyright,

4s, 1044-54 3%s, 3%s, 3%s, 3s, 3Yas,

1935-60

4%, 1047-52 .... 1046-56 ....s.. 1943-47 +. 00in0ivnncas 1941-43 cecevccicnnaces 1943-45 ccceecesan

> 93.3

. 934 « 93.1 . 92.2 Year ago ... 90.0 - 234

90. 84. 3. 93. "1936, 8 Beaadard ht AT

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

Close Treasurys

. 118.30 114.60 112.16 109.20 109.00 108.14

secsccane

ssisvesscsses

ssssenea

soso

Home Owners Loan

{Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Avelage Bayle 100)

Federal Farm Mortgage Corp. DI rie eh essere 101.2 104.33 3s, 1949 ......... axsensy xv : ; 3s, 1943-47 . 104.60 104.40 DOMESTIC Prev. Close. 101

Close. Alleg Corp 5s "44 ...eucne 1012 Alleg Corp 55 '49 .......c.... 98% 98% Am Frgn Pow 5s 2030 ........ 77% 18% Am Tel & Tel 5%2s '43 .......113% 113% Am Tel & Tel 55 '65 .........111% 111% Arm & Co (Del) 4s ’55 ...... 98 99%2 Atl Coast Line 4s ’52 ........104% 103% Atl Coast Line 4'%s 64 ...... 95% 95% Atch Top & S Fe 413s '48 ...111 110% Am Wat Wks 6s '75 110% 110% Am Rolling Mills 4%s 45 ....120 129% Balt & Ohio 5s 2000 ......... 9412 94% Balt & Ohio 6s '95 ....... ...1043% 104%

Balt & Ohio 42s 60 83% 83% Buff Roch & Pitt Yes 57 ae Beth Stcel 4%s 60 . «es..105

) | Chi

(B The sent actual

H Tel & nterstate Tel

Trac Terminal ABO Brewin Belt Railroads Ind Pwr *Hook Drugs Ii

Cent

Indpls Gas Co

*] in ®

Progress Laun Pub Serv Co o

[erre Union Title Co *Ex-Dividend.

Arkansas Cas 4s Associated Tele Am Tel & Tel B & O 42s’

Cmeinnaul Pas C & O 3s

Com Invest Tr

owa South

Y Y Edison 3?

Southe! Tnjon Pacific Wisconsin Gas

Sheep Receipts, 15. incluging 800 direct; fat Jambe opening a sales Affiliat

ut ady: avera bids lower, but as | 85s sar A oo 20 choice iiives 2 $9 @9. best “heid abow $9.20; hE o Jamba strong: a } oo.

190.235, 1 $9.90@10; ot Tbs. a Soa se 80; ishtio 1bs., hoa 30: ho, 3., $8. dass: do own. Cal DR or » ; $8.50 down.

c! test; buyers i but at the Faek's decline: $7 down: WS,

ray TE

ES Ibs.

; bulk bet

slow, Th ectipt

bih

RE SMarket ; Siools 10: Hoge Ms Corp

: General DO

Inves

Ioliowing s

Citz Ind Te) (TH) BE Tel 1 Ft Tel Ft W 6 Indpls Say Inc

Southern Ind Gas & Haute Elec Co

ay Lite 42s ar 58 11 Ee Kraft 4 4'o8 ‘46 ..... Ss

BONDS Vas '81..

ra s I H Water Works 5s ’56. Seymour Water Co 5s '49

Co 5s ’57

indpls Water Co 3as ’66.....

STOCKS €o com 4-5 & St Yds com 57

Belt Railroad & Sik Yas pid 3%

*Ind & Mich Blec Co pid Ts.. *Ind. Gen Serv Co 6s Ind Hydro Elec Co 75 ...... .. 68

0 6s 28 941% 201%

fd Bs»

erv. pfd i 82%

Northern Ind Pub Serv pfd 7s. dry Co

Ee d Ts 66 1 pid 8s.104% 00

4.100% hone Lid '65 .. 148 1

Tr Central Til Lite Ss 66.

. 10 & Elec 3%s 66.

Chicago Un Station 3%s 55 . Cleveland Tractor 5s '45 Columbia Railways 4s '55 ...

3%s ’51

Pr D & L 3%s '6i 1

Edison Illum Boston 3Yas = Gen Motors Acc Corp 3s’ Gen Motors Acc Corp as Osi Indianapolis Water 32s . 10! BP his Bites 1 Kansas nd [.os Angeles G & E 4s “10 : .ouisville G 7 3s 66. rian

’66 . 8Vas ’66. .

N los ’ Pacific Lighting 4 4155 '45 Peoples G & E

Lite Wks

99 1042

E 3 "66. . & Vas 104%

etn Sharer Tne Dividen ares Ine ot estor

i pe low oD! et cutters, ato State Srreet Tvest Goro

Lo Securities

Indianapolis Bond and Share Corp.) quotations do not repraor offerings but merely indicate the approximate market based on buying and selling inquiries or recent transactions.

level

Asked 1042 105 106 T1Ys 101%, 105

New Bond ove

(By Lyons & Co.)

Bid. Asked. Allied Stores 5428 ot sesnvaes: 100 vi

Chi Cleve Un Term 5s '73 Cleve Un Term 1743 MT Col Gas 5s May ’ Col Gas 5s ’61 . Can Pac Perp 48 ,iceiirncecss Cent Pac 5s '60

Container Corp 6s '46 Con Gas 4%s ’51 Chesa Cor

Grt Northern “G” 4 Grt Northern “H”

43,2 ’66 fil Cent Jt 45s ’63 11 Cent 5s ’63 nterboro Rapid Trans 5s '66.. nterntl Hy Elec nterntl Tel & Tel Us ’39..

12 104% 107% 107% 1107 107

Nickel Plate 5'as ' N Y Cent 55 2013 1 N Y Cent 4l5s 2013 (old) .... N Y Cent Conv 6s ‘44 1 Nor Amer Co 3s ’61

20 a7 New Orleans, Term 4s Otis Steel 6s "41

G & E 5s '42 Portland Gen >, 4158 ’60 Para Publix 6 5 Fenn P & L Sr postal Tel & Cab 5s d WW 41

an 56 . Shell Union Ofl 3125 51 ..... Socony Vac 3Yes 10. Sou Pac 4los '68 Sou Pac 4!zs Sou Pac 4s Rail 4s they Sou Rail 6s 56 .... Sou Rail 62s '568 ... Texas Pac 5s '80

Sou

1% . Third Ave Ady 5s "60 ‘ Union Pac 4s 47

Western Mary 5%s "77 ........ Western Union 5s: Lo 8 Youngstown 8 & T 4 .103% 1034 Youngstown S & T ae si: .138 138

FOREIGN

Argentina A 6s 'S57 ....... «..100% 100%, Australia 1s '56 103%a 103% Brazil 8s ssssesn 3B % 36 Canadian Govt’ 4s '60 ...... -108Y4 108% Denmark 4%s '55 ........... 99% = 991 German 5128 sesesesssnee OF 257, German "7s ’49 sev 33 33 Italy Xo .. . 831% , 184 aitiiecndiene . 98% 098%; Poland 7s ’'47 mn

Rome 6l%s ’52

. 73 Tokyo" City 5's ’61 78%

NEW TYPE SECURITY ANNOUNCED LOCALLY

A new type of security, known as the Federal Housing Administration Trust Certificate, has recently been placed on the market by T. P. Burke and Co. officials of the company announced today.

Designed to permit the individual investor and small institutions to purchase such mortgages and also to benefit by the guarantee of principal and interest by the Federal government, the security can be purchased by monthly payments of interest and a pro rata share of the principal, the announcement said.

GASOLINE COST FOLLOWS LIVING TREND, IS CLAIM

Price of 21 Cents in North

America Lowest in World.

Times Special NEW YORK, Oct. 15. — Nations operating under the highest standards of living have also the lowes$ gasoline prices and total costs, ace

cording to a study made by the American Petroleum Institute. North America has the lowest gasoline cost, 21 cents a gailon, while Africa ranks last with a charge of 46.5 cents a gallon. The world's average retail price is 20 cents for one gallon of gas, but the consumer must pay an average of 16.6 a gallon in taxes and tariffs, which carries the total to 36.6 cents, the survey shows. The average price a gallon in this country on April 10, 1936, was found to be 13.8 cents, plus an additional 5.4 cents for taxes.

One Car to 5 Persons in U. 8.

Gasoline costs elsewhere ranged as high as $1.19 a gallon in Italy, a war-time charge; 90 cents in Ethiopia; 77.5 cents in Turkey; 50.3 cents in Netherlands India; 56 cents in Germany, and 524 cents in France, the survey says. National and individual welfare are definitely reflected in autocmoe bile ownership, according to the survey. The United States showed 26,211,052 vehicles for a population of 127,521,000. This is an average of one car to every five persons, and compares to the general aver= age of all other countries, of one car to every 169 persons. Turkey showed one car to every 1924 persons. Approximately two-thirds of all automobiles operate on American highways. The total road mileage of the world is 9,268,397, or one mile of road to every 5.3 square miles of the total. land area of 49,411,882 square miles in the world. The United States had a total mileage of 3,065,264, or one mile of road for every square mile. France had one mile to every 0.5 mile while Egypt had. but one mile of road to each 92 square miles, the report says.

FIRM SHOWS THIRD ° QUARTER NET GAIN

By United Press CHICAGO, Oct. 15.—Net earnings of the Container Corp. during the third quarter, ended - Sept. 30, totaled $405,986 compared to $394, 173 in the similar period a year ago, Walter P, Paepcke, president, ane nounced today. Total earnings for the fiscal year ended Sept. 30, were $1,299,521 against the 1935 comparative of $1,176,169, Mr. Paepcke reported. During the third quarter, every factory employe with the company two years or longer received a week’s vacation with pay for the first time in the history of the firm. This amounted to $42,000 in the third

: quarter and was charged against

profit.

STOCK INDEX RISES 1.84 Times Special NEW YORK, Oct. 15.—Investe ment companies. common stock price index advanced during the week ended Oct. 9 to 22.98 from

121.14 the preceding week, Distribue-

tors Group announced today.

AUTOCAR TRUCK SALES GAIN Times Special : NEW YORK, Oct. 15.—Autocar truck sales during the first eight months of the current year totaled 70 per cent above those of the like period last year, Robert P. Page, Jr., president, announced today.

' ; TO THE HO: INDIANAPOLIS WATER CO MPANY Pirst HAN and Refundin or Mortgage Gold Bonds, 5% Series of 192 - ber 1, 1060: Notice is hereby given to all holders of the above mentioned Bonds, that Indiane apolis Water Company has called same for redemption and payment on December 1, 1936, and has deposited with FidelityPhiladelphia Trust Com: total amount pcessary said Bonds with a premium of 5%, togethe} with tiny interest to said reemption date. Any holders of such Bonds may, at the option of such holder, upon resentation and Surrender of such Bonds, ogether with all a maturing on or after the office of the said Trust Compan: South Broad the rani aihaaelphia, | sylvania, receive payments redem ption date, of the prin of on Bonds, t jum and accrued cember uis! Ownership Certificate with , Teapect to all st due cou s and for the six months® nterest to ber 1, 1936, must ace com ent,

ny Bonds surrendered for Es IANAPOLIS WATER CO By Robert D. Burrows, Treasurep,

Pr,

PRT th