Indianapolis Times, Indianapolis, Marion County, 22 October 1936 — Page 25

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Li)

ments Revived

“ils

PAGE 24

1,086.90 § 2 year. Sales for the

I To pee

on Stock Prices, Flynn Says.

BY JOHN T. FLYNN

YORK, Oct. 22.—-One begins to hear again the old ment on how many times its ings -a stock should be priced. we forgotten the furor =resgl by the interview given by Mr. pb on the eve of sailing abroad ne in 1927 or 1928 to the that stock generally ought to considered as worth 15 times the : sarnings of ho company share? Stocks have been going up and, as usual the discussion revives at intervals as to whether they are too high or too low. And into this discussion comes the Mr. F1 old theory about’ yn the ratio be-

fen earnings and price.

One commentator makes a study 50 leading #btive stocks and nts out an interesting fact. In when things were quite d and earnings low or nonexis and the future dark, these s "sold for 22 times their earnings. In "1835 they sold for 21 times their earnings. Now, when things are ter and the future seemingly rosier, the same stocks sell for only 47 times their earnings.

» n » HE point made is that, though shares have risen in price ‘they have not risen proportionately "10 their earnings. And while they Lare higher now than two years ago "By a great deal, they are still too

dow because they ought to be selldng at a higher ratio to their earn-

“Por the benefit of the unwily intwestor, this, then, is a good time to call attention to the fact that this ‘theory of ratio to earnings is a pretty dangerous one and is based “Son no sound reasons whatever. If "Mr. Raskob bought stocks at 15 times their earnings in 1927 or 198 ‘he has learned since how sad a ‘blunder that was. © A moment's reflection will reveal ‘that while stock prices should bear A reasonable relation to the earn-' Ings of a corporation, the comparison should be made not with the current earnings but with earnings Over a period of years.

F course I speak now of the investor. He is interested first, in a reasonable yield and in & reasonable outlook for the imement in the intrinsic value of investment. As to yield he looks not for a good yield this year, but for a found yield year in and year out. AS to increment, he can look for NO persistent increment if the future intrinsic value of the stock 48 already discounted by too high market price. ‘Of course there is no space here discuss this intricate subject. I gly call attention to the folly permitting market enthusiasts, jarket shprks, financial prophets id tipsters to involve ycu in the erilous and perhaps disastrous iniment of your money upon any theory as* this * earningsfice ratio theory. ~ Copyright. 1936, . NEA Service, Inc.)

Fruits and Vegetables

{Quotations below, subject to change, harerage wholesale prices being offered ers 2 local Somtmistion, dealers.) S—Pears, Qrege osc, 100s, box, $3. Plorida Avocados, 1 s, box, $2. Banas, selected, Ib. SVec. Apples, No. 1 York Wealthy, 2% inches up. $1.60: 1 Pennsylvania Jonathans, 2% inches he 0. Indiana Delicious, 2%: $2. a No. 1 Virginia Jonathans, Mihehos u $ . Lemons, Sunkist, A Limes—Mexican,

seedless, a 100, : 3 Michigan Concords, 4-quart ; California Tokays, -1b. { ry 1.80. Cranberries, C. Early ICES, 25: 1b. box. $3.75. [ELONS—Persimmons, 12-pint

Ind.,

, 90¢; Honey Dews, vine- ripened, 12s, 92

ETABLES Ar Cal., 20-1b. box, ES—Artichokes, California, 525. round stringless, $ home grown, doz. pecoli, California, case, $3.75. Brussel DUS r drum, $3.75. Cabbage, NorthCarrots. Washington, 6-doz. Caulifipwer, 11s-13s, cra‘e, Michigan Mammoth, doz. doz.. 45¢:; rts, 15 pei. 0c. Cucumbers—Louisiaga. bu., $2.5 . Dill, home grown. hs. Plant. *n. bu, grown, bu., u

Ala best, 4s-5s, : oe basket,

YEGET 1.50. bi

hamper, Potatoes, Eastern Ka-30-1h. bag. $2.75; idaho Russats, t Potatoes, Tennessee Nancy

es. home grown. lz bu. basket, 85¢c; bu.

(By United Press) 22. —Apples—Michigan Sweet tatoes—

Produce Markets

prices quoted are id for stock i in the country, while for delivIn tadians lis, the prices are 1 cent . Rach case of eggs must weigh ‘gross.)

‘No. 1 strictly fresh. Breed 2 5 ; Leghorn breed

loss off. 27c! ibs. and Svat, hens,

|of 32 per cent, the report said.

vincreased sales of furniture and! home furnishings. For the fulll

RETAIL TRADE PROFITS SEEN “IN EXPANSION

Department Stores Looking ' Forward to Favorable Fall Season.

New Yo rk Stocks

“By Thomson & McKinnon)

Prev. close

992 3

1 Cont of Del ....

Houston Nid Cont Ohio Oil *

Times Special expansion in the retail trade along | |vide the majority of retail firms |

Standard Statistics Co. today. Despite disappointing reports during the early weeks of September, department store sales expanded sharply during the last ten days of the month and gains ranging room 7 per cent to 21 per cent were scored all over the country. The average improvement amounted to 14 per cent according to the report. Variety chains also showed .a marked betterment, with sales rising aproximately 12 per cent, while mail order concerns continued to lead the field with a gain in excess

reported !

Trade continued brisk during the first half of October, stimulated by cooler weather and the large amount of moving which took place, which

{ month, sales gains running as high

{ as 20 per cent are expected. Further | 5 progress is expected during the final

two months of the year. As sales jduring November and December of 1935 were highly favorable, especially in the larger industrial .centers, the percentage i ovement is likely to be moderafély smaller than that of recent is Nevertheless, the best Christmas season since 1929 is in prospect, Standard Statistics declared.

Chicago Grain Futures | (By James E. Bennett LA

Wheat— High Low A.M. 1.13% ° 1.14% 1.12%. 1.12% 88% 981,

Prev. Close 1.14% 1.13% 98%

93%; 897% 86%

931; 89% 863s

03% 8912 86%

40% 40%

40%a 40%a

821% 803%

82% 802

.82% 80%

1.24% (a)Asked. (0) Bid.

Money and Exchange

INDIANAPOLIS STATEMENT

Cle rings $2,883,000 Debits 8,187,000

1.24; 1.2412

TREASURY STATEMENT (By United Press)

WASHINGTON, Oct. 22. — Gov rernment expenses and receipts for the current fiscal | year to 20, as compared with a |

year ago: This Yea Last Yea .$ 2,135, aol. 416. 70 $2,396,416, 211. 74 | 1,327,957 436. 05 1,156, 019, 2.04 807,503,980.65 1 3 498, 30. 70 1,906,596,028.60 1,513,193,091.83 33,833.129,041.85. ‘29; us 791,361.44 11,006,331,401.96 9,609,436,558.55 127,155,063.33

Expenses Receipts . Deficit. .. Cash Bal . Pub. Debt Gold Res.. Customs ..

Unlisted Stocks

(By Blyth & Co,) NEW YORK STOCKS

Chase Chemical ... Continental Chicago Guaranty Irving Manufacturers National City 43 National Shawmut Boston A First National Bosta 52 FIRE INSURANCE

Aetna Fire Insurance 4 American Ing af New York... Baltimore American

Great Ameri yg “Insurance National Fir Hartford ..]..... Home Insurance Hanover Fire

National Libert North River Phoenix ida sven *Westchester Fire

a —— | SHARE ASSETS GIVEN

Times Specipl NEW YORK, Oct.

22—Selectgd

equivalent | to $13595 a share, of $5.50 prion stock and $2996 a share of $1.50 convertible stock outstanding at that time, company officials announced today.

NEW YORK, Oct. 22.—Net as-|

sets of $54,635,595 on Sept. 30, | equivalent to $274.75 a share of preferred and $11.04 a share of common stock outstanding at that time, was | announced today by the Tri- Continental Corp.

Street Investing Co..~-Inc., had net assets t. 30 equal to $3345 a share. of capital stock outstanding. |

a share on Dec, 31, 1935, corporation officials announced today.

NEW YORK, Oct. 22.—Net assets of the Capital Administration Co.. Ltd, pn Sept. 30 amounted to

ed stock and asset values of $23.07 a share of class A stock and 78 cents a share of class B stock outstanding, it was learned

Oct. 22—Net asset

116.589,223.72 | ¢

NEW YORK, Oct. 22.—Continued | § O

Fexas Co. Tidewater

Steels—

tnew) ..

Pet. ..

Asn 1 with favorable prospects should pro- | | Un Oil of Cal .

with satisfactory profits for 1936, Acme Steel

| Am Roil Mills .. Beth B_Steal

Mid Natl Steel Otis Steel Re

Youngs Motors—

Auburn Chrysler Gen Motor

Studebaker

nS aT ain

Yellow Truck ... Motor Access—

Bendix

Borg Warner ...

Budd Mig

Houdaille Murray Stew,

Timken Roll .. Timken Det Axle

Mining—

Body arneér ...

. 21% 21Ys : 81% 23%

Alaska Jun Am Metals

Am Smelt Anaconda Cal Cerro De Gt Nor

! Kennecott | McIntyre Mine..

Park Utah

& Hecla

Pasco.

Ore .... 21

Cop...

| Phelps Dodge....

St Joe Lea

U Vanadium

8 Selters .... 84

Amusements— Fox Theater....

Loews Inc

Radio Corp ....

Paramount RKO

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

Am Tob Am Tob

“AV.... 99% “B" “ile

Gen Cigars ..... 52% L & Myers

Lorillard Philip Mor Reyn Tob Rails— Atchison Atl Coast B&O Can Pacifi

ris ... “B”. 58

Lines.

Cc ....

{ Ch & Ohio

65s Chi & G W pid 10%

CM& St N

P pid 4'2 co... 37% «+. 51%

pid 31% Gt Northern pfd 45%

Ill Central ..... Lehigh Valley . Lou & Nash ....

Union Pac West

27% . 21% .100%%

Maryland.

Equipments—

Am Brake

Am Steel Fdy ..

Bald Loco Gen Gen

Shoe 61 44%

Pullman Inc

West Air Br

Westingh

Elec. . ‘150%

Utilities—

Am & Por

Pwr.. Ts & Lit 11% c...180%2 ¢

5, | State 1, | Supervised eq she. Inc

Elec Pwr & Lit..

Int Hydro

Elec. . 1

Interbore RT Int T&T

Peoples Gas is 55 N

Pub Serv So

J Cal ‘Edison’

£id Gas

Stone & Webster orp .u..

as ‘Imp .. Ut Pwr & Lt Western ion .

United C Un

Rubbed

Firestone .

Goo U

dyear 8 Rubber ... 37 U 8S Rubber pfd 91'z

Miscellaneous——

Industries, Inc., had net assets on | Alls Chalmers . 8 Sept. 30° amounting to’ $48,078,818, | Am Mach & Fdy 22%

Anchor C Brkiyn Ma Burroughs I Cas

se Contl Can

16634

a Tr . Add

gH 1169

Crown Cork ....

Lrere &

m Rand Worthingtn Pmp A

Foods— Armour °

5% Armour 6% pfd. 79% Prod Gan lt NEW YORK, Oct. Oct. 22.«The Broad ! Coca-Cola _ .

Borden

against the net asset value of $26.50 | Gen

$7,532,088, equal to $130.57 a share wig

anns:

. 2%

sol so sbante. FE WEE BEERS Fee

55 Fas

2 Wa

2 Bash , WF

5 &

101% 1

. Gen

Ce: -| Cincinnati Gas & E C& 3%s '90

| Edison: Tilum aon 31s

1 ea 4 Divers

k B5 | Trustee Stand Ollshares “A”.

*{Am G Am

aStaly. # Sager: ata aRe Ta

7s 7 = Nw ne

Air r Region .. 74%; All ‘233 og ames Tu

~ Carbon Com peiventa, . 16% Du . - 189 . 28%

] nt Tex’ Freeport . 42% . 35%

he 3 a tt a sHuEa aa :

Carb Math Alkali Nail Dis (new): = Va

Tex Plt Ssiph uiph- oe

Drugs— Coty Inc rs asus rlin vi on Drie {iew) - .

2UBRS FSF

suey

5% 18%

71 1434 8% a

flim Br, - 1 y . Am Int C B - 13%

14% Tr Contl Corp . 102

Building—

Am Radiator ... 23%

. 26

. 59 Johns Manville 124 Libby Owens Gis 69 Otis Elev 32 U.S Gypsum ... Ulen Cons Household Col Pal Peei ... Congoleum ..... J Kelvinator . . 23 Proc & Gamble 3 Servel I y Bar “Bed Textiles— Amer Woolen .. Celanese Corp .. tham Hose .. 10 Indus Rayon ... Collins Aikman . Real filk 12

a 14

50 23% 47%

7% 26% 103 381% 621 Vg 12

2 exo Bod mee

(By Lyons & Co.) Bid Acked

'68 1m Lite Sis el

Com- Invest Tr 3%s. '51 Conn River Pr D & =z 37s, '61.10 7 Cidahy Pkg 3 02 Cudahy Pkg 50° "i6§ Gen Motors Acc Corp 46 Gen Motors Acc Corp 3 s ’51 [owa Scutn Utilities. 5? hiss ’66. . Indpls W Yas '66 Kansas L i 41s

as Dr 4s '50 _ NE hs Elec 3's ’66 t Lo

N Y Edison 3's ’66 Pacific Lighting 42s ’45 Peoples G oo Lite Wks '61.. Penn Tel 4 Pub Serv N H 3%8§ ’66 . Railway Lite 4lss San Diego G & E 5s ’65 . Southern Cal G s ’65 Southern K; aft ae ’46 Union Pacific 3s '70 Wisconsin Gas & Elec 3s "a1 Wisconsin Pub S=rv 4% '61 ..

"Investment Trusts (By Thomas D. Sheerin & Co.)

108 Vs

Administered Fund 2d Affiliated Fund, Inc American Business Shares . Broad ‘Street Investin *Builock Fund, I bury Shares rp ‘AA’ or “Acc” tod) p “AA” or “Acc” (unmod) FOL |

“ HY

Shs sel 2 ersified Trustee Shs “D”.. Dividend Baa Inc .

rporated Foster Investors Fund Market St Ee ner Corp.. Maryland Fund Massachusetts Investors Mutual Investment Fund Nation-Wide Voting North Amer Tr Shs 1955.. North Amer Tr Shs 1956 ... North Amer Tr Shs (orig). . *Quarterly Income Shares ... Selected Amer Shares, Inc Selected Amer: Shares HE) 4, Selected Cumulative Shares . 108 Selected Income Shares +S treet Investment Corp. 123. (Dela)... 1 7. 5. 1.

MD EINE: ll Sa AREEIST/KG Soest

= GD + 03

‘oe

1. a

23g assIa™

Trustee:

Oilshares ih : rd Oilfunds.

Trustee Stan Stand * Ev-Dividend

New York Curb :

(By Atkins, Hamill & Gates)

Te 0 in +4 00 QO =]

Aluminum Co of America ‘American Cynamid * as an Electric x

uper Arkansa Ratur Atlas Cor

u . Far “ Ford Motors. Cant gremisa A Jag ® ie. Cor

Gulf Oil Humble oil 8 and Refining Co .. 86% Imperial Oil 23

$i Niagata ata Hudson Power

Mueller. Bras Penroad Corp cae e Governor ..

Pierc Root Petroleum ..

ESTIMATES AUTO PRODUCTION ZFimes Special DETROIT, Oct.~22.—~Automobile production during the fourth quarter is expected to reach 1,200,000

ms. units, topping the 1935. comparative by 1 per cent, Ward’s Automotive today. wp

| ba

8. Shoes strong-weight slaughter pigs, $7.50

New York Bonde

DROP 15 CENTS

Cattle Vealers Strong and Up; ‘ Lambs offs

The hog market was generally 15]« cents lower today at the Indianapolis Union Stockyards with receipts totaling 6000. Top price of $9.60 to $9.85 was quoted in the 190 to 300pound class. Weights above 300 pounds sold for $9.25 and $9.50. Packing sows were $8.50 to $9.25. In the lighter weights the 170 to 190-pound class sold for $9.45 to $9.50; 155 to 170-pounders were $9 to $9.55; 130 to 155 pounds, $8.25 to $9.25, and the 100 to 130-pound class, $7.75 to $8.50.

Killing classes of cattle were gen-

erally steady. The early steer top|,

was $9.85; heifer top was $8.50. Vealers were strong to 50 cents higher |3 with the bulk of the better grades bringing $10 to $11. Beef cows sold for $4.25 to $4.75, the cutter grades bringing $3.25 to $4. Receipts were 1200 cattle and 520 calves. ® Fed lambs were 25 cents lower with the bulk of the better grades selling for $8.75 to $9. Fat ewes were steady at $3.25 down. Receipts Votaled 1200.

Lignt Lights— 140-160) Good and Medium Lightweights— (160-180) Good and

Medium (180-200) good 2 Bd

Medium Weights— (200-220) 00d and - (220-250) Good and Heavyweights— (250-290) Good and (390-350) Good and

choice. .$ 8.

9048. 1, Sw 2S 85

choice. .

Po®mo PHO

‘choice. .

on 2333

choice. :

choice... choice. .

98 99 AD AY

oo © Yom ©onvo OO DO DOO OO

23 383k 22 na

By momo ©: aa 3233 83

- 99 P99

~—Receipts, A ’

(550-900) Cho:ce $ 9.50 . Goo

roa 2 on

po sk22

SI9930999388

CaReo

Cc (900-1100) _ Medium % (1100-1300)

S FRALe BOBODS OLPOSIBO

Be pya yey

M (1300-1500) Good

1550-750)

Si 99 85988

Ci (750-900) Good

83 3b

000d .oon... sivas vrai Common and medium..." ve Low ie and cutter .. Bulls, Cutter? a. and med. bulk:.. —R ter eceipts, 500. Good 2nd choice :

LNWBA BO §

ata nO

9d g 38 - 2883: MSs se

oo i z

ommon, med 4.50 Feeder and Stocker Cattle (500-800) Good and choice .$ 6.00 Com. and medium. 4.95 800-1050) Good and choice . 6.00 Com. and medium.

(250-500) Good ol Cholce. $ S00 Ci jum.

Heifers— ‘ Good and choice ........... A Comon and ‘medium

ow od N-aMmI *Z 333%

333s 1041-43 3s 1043-45 3s 3s 19443las 3'as

Fla

Alleg Corp s da sssacinsenns Alleg Corp 55 "49 ...... sesseee IY Am Frgn Pow 5s 2030 ...... >. Am Tel & Tel 53s '43 Am Tel & Tel Ss 65

Inte: Kokomo Water Works 6s ’58.. 5

Noblesville H Oh

*Ina #*Indpls Pwr, & Lit pid 6%:s..

= oe Te : ATLOCAL MART,

Generally Steady; | 1%

| (928 phverage Equals 100)

.8 .0

Tare

U. 5. GOVERNMENT BONDS (By Abbott, Proctor & Paine) Treasurys ~

tess nsussensnean

413s 1047-52 944-54

ls fi

Srsncsenssdnssene Secresssesssnnnee

1941-43

Secsncsssssnnens

«s

sesssssessnssene seu Sesscsnsens

2%s 1

Totay: s Bond Leaders—

EC5

Close. .10133,

Atl t Line Atl Coast Ling Atch Top & S

Roch & Pitt 4s 57 h Steel 4's '60 Ww

Got Gas

8s Col Gas 58 April 5%

Local Securities (Reprinted From Late Times Yesterday)

(By Indianapolis. Band and Share Corp.) The following quotations do not repre-

sent actual bids or offerings, but merely

indicate the approximate market level

based on buying and selling inquiries or

recent transactions.

. BONDS : Asked 1042 105 106 2Ya 101% 105

itz Ind Tel (TH) 4l2s '61.. 5 1 & Tel Ft W 5Yas '43.. H Tel & Tel Pt W 6s ndpie fauway Inc ’67 rstate Tel & Tel Sra *53. .

Mortis & 10 Stores 5s '50 Muncie Water Works 5s '65 ..103% L & P 6%s '47. REA is Tel Serv 6s ’47 1

Indpls Water Co 3 ABC Brew

Cent Ind Pwr pfd Home Tel & zen Pr ‘Wayne. *Hook Rugs

10g Hydro lec A hs

Indpls Gas Co 6s 28 apls Pwr & Lit Co pid 85 . 34

pid : ge. pid 6s. 104% 10

Pub Serv Co of Ind pla Southern Ind i Terre Haute El Union Title Co

*Ex-Dividend.

09 © 9393 6’

wn a8

SHEEP AND LAMBS —Receipts, 1200—

v90- -170) Good and choice.. 2. m. and medium. 1.50 (Sheep and lamb quotations on

‘Other Livestock

(By Unitea Press) CHICAGO, Oct. 22. — Hogs — Recei 20,000, includ 6000 directs. Market steady to a shade lower than Wednesday’ snd underweights most y De bulk ‘w sll-finished 1 ; mi

$9:

pies o 1bs., $9.

[email protected]; bulk sows, [email protected]; few,

Cattle—Receipts, 6000; calve ter Sade fed steers. and yea. strong to 25¢ hi Righer; lower fat Saestook, bul and

10.

Hi active; veRlers: a nd i a nd yasnles ou ). ‘new top; mixed steers and he heifers, Cy i fed ‘steers and

slow; Se bulls aro ound, ps Suites El 2 vealers, er " y din directs. Fat lambs, Ww, 8 lower than Wednes: esday’s opening: in line with that day’s close; sheep stead choice feeding lambs weak - to lower In sympathy with fat lamb rh good ti choice native lambs, $8. 5008. 75: Westerns. [email protected], best held above, 39; ed 5; bulk feeding lambs,

os Times Special) = LOUISVILLE, Oct, 22.—Cattle— o—Recelpts 450; supply most classes almost ght

test; as Sthe , 5.50 in 3 r a slow trade; plain fed ts butcher cate downward to $4; bulls, - Bn

Catv ves—~Receipts, 200; fairly active trade ~vealers; marke - strong; r .50 and

others downward to $7; c below. ‘Hogs—Receipts, 400; market Senin Te :

ewes, $6.75@8.

25¢ lower; Sheep Ie yery 3

ES ae do Receipts Wednésda —Cattle, 581; calves, 175; Sina 269; 7 a

calves,

Stas ge 45.

1000. Bet- | LAFA

in Gatves, i

lower; best 200-250 Ibs. at a top of $9. 60; 180-195 Ibs, § lbs. and up, $8.55; 145-175 lbs., $8.20; .120-

140. 1bs., $7.50; sava, unsold.

$9.35; 255-300 1lbs., $9; 305

$7.60;

+ Sheep—Receipts 400; su ly ail at Jam slaughter Vetter grade fat $8.50; strictly choice; JFosty Idaho breeding ewes on:

i! -120 1bs:, 5 5; Troughs Calves, . § 0.50; Lambs, $ £9 —Hogs, Toot igs steady to 25¢. [email protected];- 275-325. 225 lbs, $9.50 9.60; 25 ©0835: 150-170 1bs., $8.78 8.50@9; roughs, $8.75 wn. Lambs, $38 down.

7 Ibs. [email protected]} 170.190, | ioe 5h

L ai Vac 3% ac

| Mid-West

: $285. || 21st-st, stoker, Blue Point some hogs Was

t lambs weak to, t lambs,’

| factory, $3500.

ji 8. Ayre ; | iterations, D.

Natl test as Nickel la X Nickel Pinte 5 8s

Y Cent 5 Cent 4%s ors (old).... 94 Cony ‘44

s '56 Shell Union Oil 388 51 Ey hen

& 45 '61 ...1 Youngstown 8 & T 3's 51... ) FOREIGN

Argentina A 6s '57.: Australia 42s 756 1 8s '41

52 Tokio eit stag "61. ¥okohata 6s ’61

Chicago Stocks

(By Atkins, Hamill & Gates) Prev. close Adams Manufacturing Advance Alum 8 Asbestos Mig 3 Bastian Blessing 3 EL

ruce 3utler Brothers Central Illinois Bum Service... Chicago Yellow Cab Cities Service- . Commonwealth Edison . Cord id Cran Dayton Ch ubber Dixie Vortex Economical Dru ‘ Electrical House old’ ‘ General Household ... ‘Great Lakes Dredge i Jarvis Co Katz Dru Ken-Rad be Lincoln Printing’ ceiia Loudon PACKING ...ccveeevens. Motard Field -

“Corp Preferred Noblitt Spark: Sorthwest Bank Signode Steel Standard Bredpe Swift Intern Dita a onAl Sundstrand

a Permits O. Miller, 1804 Carrollton-av, stoker, Steel © | sijoment Co. 1580 E. | Service ea ioasy, Oe Co., Delaware and : o 490- waingon- |

ter Co., Ww. new Whrehouse. $128.000,

New Jer. ting Go 323" 8 New Jersey-st,

8. x ass Mount, 3511 W; Michigan-st, gaJ.'8. Holliday, Georgia and Missouri-sts,

Baxter

rd wrecking 3 wreck i

Elsie. Martin, 345 Kenyon-st, dwelling, ; garage, $2 1100 Ww. Hetiry-st,

hevrolet Motor “Co.. elevator. $1860. Columbia Club, Monument Circle, roof,

FOOD PRICES IN

= SEPTEMBERRIS T0.6-YEAR HIGH

Lower Supplies and Bigger Demand Is Noted by Dun & Bradstreet.

Times Special NEW YORK, Oct. 22.—With food supplies 5 per nt lower than avers age, and consumption 12 per cent above average, wholesale prices of foods in September reached the

is | highest level since 1930, Dun &

Bradstreet reported today. However, much of this rise will not be passed on to the general public until the spring of 1937, the ree port said. “Due to the drought, food hoard ing spread greatly during August and. September and gave some retailers the largest volume of sales

recorded for these months in several years,” the report read.

Retail Sales Up These advances added to the ris-

; ing distribution during the first half

of the year and carried retail sales for the. total nine months to an average of 12 to 18 per cent above the 1935 level, according to Dun & Bradstreet. Wholesalers in a number of key cities established new volume rece ords during August and September, as retailers’ orders ran ahead of supplies and shipping facilities, With this unexpeeted upswing,

i | wholesale volume for the first nine

months of the current year rose to 15 to 30 per cent from the 1935 comparative, the report said.

Following almost identically the trend of sales, retail prices of groceries rose abruptly during the third quarter, when drought conditions spread fears of acute shortages. The average advance for this period, the report said, ranged from 7 to 12 per cent, although some items were up as much as 25 to 50 per cent from the comparative 1935 level, These increases contrasted with declines of 3 to 8 per cent from the 1935 average during the first half of the year.

{COMMODITY ITY INDEX OFF

Times Special WASHINGTON, oct. 22.—The wholesale commodity price index for the week ended Oct. 17 declined to 8C.1 from the 80.2 level recorded in the preceding week the National Fertilizer Association reported 1oday. The 1926-28 average is the basis for these. percentages. A year ago the index stood at 78.6 per cent,

Dividends Declared

Dividend rates are given in dollars and cents unless stated otherwise Books

Rate Per'd Payable close

Bk Montreal . C Bre Do:

PPO DODORRE

o » o>

o xO

: 5001 ©

Hin sp oa Bart. Brut 3 on G p

{ Trp Leath 2 é pf.

Nat Biscuit ; Nor: Am. Oil ons, Stl Prod P.. Hn 15

Martin J. Gilday. 941 N. Olney-st, roof, | WestDa

sl es & Co., 28 W. Maryland-st,

& A. Lubricant C6., 29th and canal, e: .- Gates faaroic” and Tile Co. 130 E. |

-st, a ttner. 4 Rile v, garage, $150. | ch Coal Co. er wt Wilkins-at,

14 8 re Electric ‘Co. 135 8, Penn- |

lvania-st, . heating s Stet, Atkinson’ & Co. 4043 W. BOVD-st, eleetron + $150. :

stor. PF. Washi Fred

“BUSINESS EDUCATION

ccou Bookk gen! Sten os and. Secretaria cour. Dey ad evening colp Fred Case, >

CENTRAL Business Solis

iteéts and Builders n dpi.

ng,

Arch Pennsylvania & ermont 8

4 ,

i took at this service! Four fine flyers to New York every day. .. three to Washington ++ all carrying coaches. Then ae that this do hd service is yours. for « as litle.