Indianapolis Times, Indianapolis, Marion County, 26 October 1936 — Page 12

rend

Army, Navy Items Are Explained

by Flynn.

pal

en :

PAGE 12

117,195,000 bushels Oct. 1, a rise-of almost 14,000,000 bushels over the storage on Oct. 1, 1935. The inarease is more than offset by the ye in farm supply, the Federal crop report said today.

BY JOHN T. FLYNN

YORK, Oct. 26—On this question of honesty in the

ede: bookkeeping, which Mr. pover and Mr. Morgenthau quarrel about, here is an interesting

fact. Mr. Hoover says there are fwo ‘sets of books. Mr, Morgenthau rd there are not. Mr. Morgensays that the present method used by ‘the fils. Treasury was invented by Mr. Hoover. I do not know whether or not there are two sets of books. But here is an item in the daily statements issued by the Treasury which requires explaining. fa Mt. Fiyun I have before me the Treasury's statement for August 31, 1936. There, under the

EL head of “General Expenditures,” I

" find these two items: “National Defense: Army, $114,397,546.98. Navy, $137,074,43492.” Nowhere else is to be found any other charges for national defense. There is another column of figures called “Recovery "and Relief Expenditures.” There you see nothing of national defense. There is a large item charged ta Works Progress Administration. : n = FJ NY reader would be justified in accepting these figures at their face value. If you are a very observing and questioning person you will find a little note on.another page saying that additional expeditures on these accounts are included under recovery and relief expenditures, classification of which will be shown on Page 5 of the Treasury statement for the fifteenth of the month. As a matter of fact, this Works “Progress Administration account includes two items for national defense—for the Navy, $137,607,516; for the Army, $9,639,105. This is the double bookkeeping which is criticised. These vast “sums are being spent on national defense. They are being spent by the same government, the same Treasury. Why should they not be found together so that any citizen looking at that daily statement would get the facts?

= = s URTHERMORE, these national defense expenditures are not truly recovery and relief expenditures. They are made as part of the President's carefully laid plan

INDUSTRY PAGE UP IN SEVENTH RESERVE AREA

Output of Manufacturing and Food-Producing Divisions High.

Times Special CHICAGO, Oct. ~With increased employment, Y¥ridustries of the Seventh Federal Reserve District, 1h which Indiana is included, opened their fall activity on the crest of an accelerated rate of output in manufacturing and foodproducing divisions, the Federal Reserve Bank of Chicago will say in its latest review of business conditions tc be released Wednesday. 2 Steel factories operated at high levels during September and well into October, while pig iron production was the largest for any. single month since June, 1930. Although building activity in early September was at a low level, tne trade expanded considerably during the month and reached figures above those of recent years, the report said.

Commercial Loans Expand

September advancement over August in the wholesale drug, hardware and electrical supply trades was well ahead of the seasonal improvement and gains over last year were substantial. Wholesale grocery sales, however, showed an unexpected recession from August and were smaller than September a year ago, the review says. f Between Sept. 16 and Oct. 14, total loans and investments of reporting member banks in the Seventh District declined slightly. Commercial loans rose 12 million further in this period, as demand deposits registered an increase in

| the period and time deposits de-

lined. Although wages in the Seventh decreased one per cent, employment volume recorded a fractional increase, better than the normal trend in September. Current volumes substantially exceeded those ) last year, with employment approximately 81% per cent ahead and pay" rolls 15 per cent to the good, the report said. Durable goods industries continued to recess in both employment

and pay rolls, but at a slower rate

than in the two preceding months

ANNUAL STOCK SHOW

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1932- 1936 Index 3 3

1921-19,

I. Ald ba db bl tll

~New York

Aol ol bt 1p bb

1932 1933 1921 1922

abadbad ad bh all ededat A 2b 2 2 LL J)

1936 1925

1921 1926 Index

GRADE CROSSING ACCIDENTS RISE

July Fatalities Totaled 153; Injured Numbered 305; 281 Accidents.

Times Special WASHINGTON, Oct. 26.—Despite preventive measure taken by railroads and other agencies throughout the country to safeguard motorists and the public from grade crossing accidents, the total of such accidents during July increased over the like month a year ago, the

Association of American Railroads | rq

announced today. Persons killed in July from acci-

dents of this type totaled 151 against | 5°§

123 in the same month of 1935. ‘Total accidents at highway-railroad crossings numbered 281 in July compared with 214 last year, the

report said. Persons injured totaled | G.

305 compared to 284 in July, 1935.

During the first seven months of | hud

the current year, there were 2210 highway-railroad crossing accidents compared to 2043 in the correspond-

ing period last year. Persons in|:

those accidents numbered 909 to 853 in the same period a year ago,

while the number of persons in- | Beno

jured during that period totaled 2575 against 3449 in the first seven months last year.

New York Stocks

(By Thomson & MKinnon) »

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11:00 High Low A.M. Beatrice Cream. 24!5 Borden Prod ... 27% Ale. 18%

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Retail Stores—

Om Kroger Groc ... RH

Aviation—

Aviation Corp .. Boeing Aircft ...

Allied Stores ... Assd Dry Good Best & Co First Natl Stores Gimbel Ss ... Un Tea.... e 8S 8 ..

rtiss Wright. .

Curtiss Wr “A”. 1 4 | Douglas Ai Ni A

C T or Atreft Chemicals—

Air Reduction .. Am Com Alcohol 29 Col Carbon Com u P

Rew: 34

121%,

Prev. Close

7% Lightweighte—

PORKER PRICES

| AT STOCKYARDS

Hobs in 190 to 280-Pound Division Quoted at $9.50 ‘to $9.70.

190-pounders brought $9.30 to $9.55; 160 to 170-pound weights were $9 to $9.40; 150 to 160 pounds, $8.75 to $9.30; 130 to 150 pounds, $8.25 to $9, and the 100 to 130-pound class were $7.75 to $8.50. : Cattle receipts totaled 2000 and calves 800, with nearly one-half of the run consisting of fed calves ordered for 4-H Club purposes. With a handful of long fed steers and yearlings available the market was active and strong.

Top prices were unevenly higher. Lower grade steers were steady as were heifers. Lower and better grade cows were strong with the in between kinds steady. Strictly choice 961-pound yearling steers - brought $10.40; prime 1380-pounders, $10.25, and 1555-pourt weights, $9.50. Heifer top was $9.50. Beef cows were $4.25 to $4.75 and the cutter grades, $3.25 to $4. Vealers were strong to 50 cents higher with the bulk of good and choice bringing $10.50 to $11. Lambs generally were steady on receipts of 1000 sheep with the bulk of the good and choice selling for $8.75 to $9. Fat ewes were steady at $3.25 down.

Receipts. 8000

5500 6000 8000 2500

9.30 @ 8.85

(160- Gooc .. 8.85@ 9.50 Med 8.35@ 9.35 (180-200) Gooc .e y 9.60

Medium Weights— (200-220) Good d .. 940@ 0.65 (220-250) Good choice.. 9.50@ 9.70 Heavyweights— . : (250-29 choice.. 9.45@ 9.70 choice.. 9.10@ 9.50

8.75@ v.00 8.50@ 8.75 8.25@ 8.50 8.00@ 6.75

VC rns@ 8.15

STOCK MARKET WEEK IN REVIEW

REMAIN STEADY|

8.50 |

BY ELMER C. WALZER \ United Press Financial Editor

NEW YORK, Oct. 26.—Stocks declined during the first four sessions last week and then rallied to regain part of losses that ranged to more than 7 points in some of the recen leaders. : Trading lightened on the decline; although for a time in the Thursday session business ' was brisk enough to cause a lag in the ticker. None of the five-hour sessions crossed the 2,000,000-share mark and the average for those sessions was 1,732,000 shares. The experts ascribed the reaction to approach of the national elections, seriousness of the Spanish situation, and further French difficulties. The market's technical position also had been weakened by a substantial rise almost without in-

terruption. The week witnessed a decline in steel operations because of smaller orders from the heavy industries and smaller than anticipated automobile company orders. Retail trade and wholesale trade were impaired by inclement weather. On the other hand carloadings rose to a six-year high and electricity output was the second highest on reccrd. Automobile output was higher. ig were noted in miscellaneous es. While the railroad and industrial sections were declining, the utility department was given better attention. The utility average closed the week higher than its finish last week. Higher earnings and outlook for further gains as a result of peak electricity output helped the group. There was further talk of a compromise with the government on TVA encroachment. Steel issues sagged in several sessions although pressure was not great. Good earnings statements are looked for from the prineipal companies. U., 8. Steel directors meet next week to issue the third quarter report and to act on prefered dividends. Anticipation of a higher payment on the latter brought it up several points and it closed the week higher. ) Railroad shares were easier and losses were held within relatively narrow limits, . Chemicals were irregular. Farm implements had gains of sufficient scope to offset losses sustained early in the week. Motors were depressed Stor Generel Mojors had been cara hew . Electrical ipments were hi wp Oil shares were carried higher and coppers had several periods of strength as the foreign price of .the nota] spurted far above the domesC. !

PRODUCE PRICES SHOW FIRMNESS

) { |

Midwestern Prices . Littl

Changed From Those Reported Earlier.

“ON DULL MARTS

Times Special | WASHINGTON, Oct. 26.—Trading on Midwestern produce markets during the latest week remained mostly at a standstill, with prices about in line with Sighs of the middle of the month and receipts of home-grown produce| limited in variety, according to thé latest report from the United States Department of Agriculture. Potato prices were practically the same as in the middle of the month. The range of quotations at country shipping points from Maine to Idaho was $1.40 to $1.70 for sacked stock. Chicago was steady at $1.80 for Wisconsin and Michigan stock, while jobbing prices in other Midwestern markets ran $1.65 to $2.10. Nebraska Bliss Triumphs sold at $2.20 to $2.60 in St. Louis and Cincinnati, the report said. Apple Demand Slow With slow demand and liberal supplies, apple markets in most producing sections “were steady , to firm. Michigan Greenings brought $1.25 to 15 cents higher a bushel in Chicago and St. Louis, while Delicious, McIntosh. and Jonathans from Michigan were sold at $1.40 to $1.60 a bushel in Chicago. Demand for Concord grapes ine creased in western Michigan grape sections. Consequently, grape prices advanced 10 cents a 12-quart basket, ranging 44 to 47 cents compared to 40 to 42 cents in New York producing sections.Cabbage supplies increased. The prices for a ton bulk was about $5 higher in Wisconsin tham in western New York and $10 higher in some Midwestern points compared with Eastern prices. Bulk stock stood at $20 to $22 at Wisconsin shipping points. Jobbing prices for 50 pounds in city marts were 50 to 65 cents. Onions still sold in central cities at 45 to 60 cents a 50 pounds for ‘yellow stock and 50 cents to $1 for white onions. Celery and spinach markets were dull and weaker and retained about the same levels as in the preceding week.

SHELL UNION’S NET FOR QUARTER HIGH

SET FOR NOVEMBER New Bond Issues

By Lyons & Co. Timken Roll .... , By go ) Timken Det Axle Allied Shares 5'2s '51.. 0 Times Special Arkansas Gas 4s 51 Mining— . Associated Telephone 4s '65... CHICAGO, Oct. 26.—The thirty- Am ™ & Tel 4%2s "61

to make this the greatest naval power in the world. They do not become merely recovery and relief expenditures because they are paid for out of funds provided primar-

{ly for recovery and relief.

& s 66 Expenditures do not become re- |seventh annual International Live- Bath Steel 3%s '66 Financial—

46 govery and relief expenditures by |stock Exposition is to be held Nov. Central Maine 4s '66' or v.78 Pasco 80 % Adams Exp 3 : 5 (1100-1300) S putting that label on them. FOr |33 to Dec. 5 in the International | Gooioiel Gas’ 8 330s 04 03% 63% | Ot Nor Ore 30% 30% 30% 912 |Am int Corp -.. 13% ; G

5 e ... instance, if you look at Treasury Ampitheater, Chicago Stockyards, | Chicago Un Station Homestake Min. 418 reports you find that in the year |g pg Heide, secretary-manager, an- | Gommercial Gromit 3% 51 Ths Copper ..... 11%

g Mr. Roosevelt's admin- |pnounceq today. Com ‘Invest Tr 3%s_’51

istration the cost of running the Plans are under way to house | Sontnier PI,D & 1 3%s "61 107 4s ’50

Treasury Department was $287,- | over 13,000 animals in the coming | CY Ln, Last year it Is put down show, Euiries have been received fors Acc Corp 3s '4¢ 1024s 103 Am Radiator ... 22% as ,289,000. This rom nearly every state and Canada, S Acc Corp 3les ’ srs 4 | Gen Asphalt .... the Administration were spending | Mr. Heide y Svery 808, | 1owa South Utilities 5%s '66..105 = ... : 83% 88h 88a g | 55h Asbhals i

Indpls Water 3las '66 ........ 10 Johns Manville 1351 GO0d: vv vise risois vans sons ;oi8 4 $150,000,000 less on the Treasury Approximately $100,000 is to be | Kansas L P 412s '65 1 Libby Owens Gls 69% 70° | Common and medium : : * than under Hoover. is Elev 327

: . s "0... Amusements— ‘ pid in cash premiums to winning | Loninvine o Gee Orosley Radio .. 31% 8 U8 Gypsum .. 108 3216 33% Low. susie and- cutter... But this is not so. It merely | exhibitions in the various divisions, Meuro Bd 42 05 a iso 15%) Fox Theat ..... 31% Cutter, com. and med. bulk... means that some of phe fopmer the announcement said. Narragansets, Elec 39s 08... 104% 108% 264 4| Household— - Vealers ~ Treasury expenses ave een Entries for the livestock classes |N ¥ Chi St Louis 4s "46 35 5° 4 | Col Pal Peet.... 18 | —Receipts, 800— : N Y Edison 3%s '66 ......... 4% 8 | Kelvinator .. .. 22% 1 transferred to other accounts— |will not be received after Nov. 1,| Pacific Lighting 45as “45 08% 108% [REO ....- % 1% 1% 7% |Proc & Gamble. $904 2nd choice $ ~ which is entirely proper—but that | with the exception of the carlot con- | Eeoples G & E Lite Wks * yw gorvel Ing i also some of what was once called |tests for commercial stock that are | pub Serv N H 3%s 66 Festigins © eS ies Treasury activities is to be found |displayed in stockyard open pens. Baflvay Lite 4%as_. . 250-500) hy modien. 1,

uff 2 63 1g Bu oP 1002 A 4 340s) Amer Woolen ... hidden away in the recovery and |Feeders will be ' accepted until s '65 06% 1 L 100% 100% 100% [Amer Wallen -.. | Atehiso. Indus Rayon ... {Quotations below, subject to change, $32. Ba- | Times Special ! Bastian Blessing Erie 15 ' 1; 1 Cons

. 14 relief expenditures. Nov. 21. 98% an S37 {* | Celanese Corp .. 25% 3s 70 Reynolds: Tob ‘B’ 57% (Copyright, 1936, NEA Service, Inc.) eee — Wisconsin Gas & Elec 3%s "63 10 1 Collins Aikman.. 60% COMPANY REPORTS Wisconsin Pub Berv is ws 63 Loans 08: Rails— Joitiam Mose... 10% Fruits and Vegetables |" NCREASE IN SALES ‘are average wholesale prices being offered alers.) tet to ers b commission a ae! Dox. " CHICAGO, Oct. 26.—Sales of the Advance Alum NEW YORK STOCKS National Tea Co. during the four | Allied Products Bankers Trust 0% week period ended Oct. 10 were 5.48 | Asbestos Manufacturing Central Hanover per cent ahead of those for the Berghoff Erle Sud S 43 is | Chemical - : » | corresponding period a year ago and | Bruce E L 17% on Continental Chica, , 00, B Ill Central Ys 26% 27 80 Ewes— Afichigan Concords, 4-¢ wart | Were the highest for any similar | Gentral fitncic Publ Service.. 69 K C So YA ND ranly sey 3% (90-170) Iu An 0 Service .“ Manufacturers (Sheep and lamb quotations basis.)

Long lists of special issues were | 7; Times § hig Jp Rd aviations spurted on re- po Oct. 26. — Shell p reat Britain was in the mar-| ynjon Oil Corp. and subsidiaries

ket for American airplanes, show a September quarter net in-

come of $7.210,223, the highest like MOTOR BOAT ENGINE quarter since 1929, according to a : statement issued by the company. SALES UP $100,000| Net income during the first two ’ quarters of the year totaled $6,392,« , ; 016. The third quarter figure is a Special equivalent to 50 cents a share comLLIAMSPORT, Pa., Oct. 26.— | pared to 25 cents a share in the Lycoming marine engine sales dur- | comparative 1935 period, the report

ing the first 10 m .| Sit. onths of the cur Gross earnings for the latest

rent year increased 74 per cent over quarter were $66,159,936 compared the like period a-year ago, while | with $57,322,783 last year. actual dollar sales showed an increase of $100,000, officials of the : : Lycoming Manufacturing Co., an- Indianapolis nounced today. Water Compan A complete new line of marine First and Refunding Mortgage G Id Bonds, Boker. sheeting toe bower requir | Soir Lo LE ments of nearly all kinds and sizfs | 26.2% ons 2 a of motor boats, from 35 to 750 horse Eferuption and payment on, January 1 power, are to be shown at the an-| Trust Company, one of the Trustees Under

nual Motor Boat Show to be held |the Mortgage i same, the total amount._necessary to redeem and pay a in New York in January, it was Bands outstanding, with a prone reported. ud of 49%, together with accrued interest to

Coty Inc 9 \ Lambert ) —Receipts, 2000— (850-900) Choice Good

pea

Lehn & Fink ... 21 Siering Prod ;7 , n Drug (new).. Alaska Jun .... . “| Vick Chem e

|| Zonite Prod

WOMJ00¢ 222uSaa S993 SWORDD Samos Wa Oman

Com Cred 69 s | Com Invest Trust 82 , | Lehman Corp ...111%

. Transamerica. .. 13% Kennecott Cop.. 9%

X, ? Tr Contl Corp .. cIntyre Mine.. 40 Park tan 3 3 3 3 Building—

00-3000 I =300 5nINIA IDS oO oOMm bor ©ooooan® RABEN3Y MUOOMPOOODOMIUID

M (1300-1500) Good

Toh on

2! ana 09998 68869

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@SmoS 2BRS NSnAS

Ci (750-900) a Common, medium.

Notice to Holders of

233 9d

Tobaecos—

3 an oo SS

09 O° ©993 68

Feeder and Stocker Cattle (500-800) Good and choice..$ 6. om. and medium. 4. (800-1050) Good and choice.. 86. Com. and medium. 4.

said redemption date. Any holder of such Bonds, may, at the option of such holder,

GOODS EXPORTS RISE Bonds, together with al sppurisnant cou-

38 S n 79. L 79 80 Kayser Julius .. 26% 28 26% ifers— st Lines. . Real Silk 2 y 14 Hepes and choice

Common and medium Unlisted Stocks (By Blyth & Co.)

us a0 NUT OUON

Ne ooowm

h. “ Atl Coa B&O g: Can Pacific 1Cago SIOCRS |cv & ono {Ch & SEW pid. 10% ’ pid. 8 (Py Atkins, Hamill & Gates) Prev. ¢ M SBP i 2 Noon. Close. | gi oF i © PIC. 33% Dela & Hud .... 49%, Lac & W

ns maturing on and after January 1, 937, at the office of the sald Bankers Times Special Trust Lompany, 16 Wall Street, New York City, New York, receive payment, prior to Chama, Oct. 26-The value | iC. GMA aciS Beohes dich sd Sy ehandiss exported from the a nd “accrued interest "thereon to ates during the first eight | “*" INDIANAPOLIS WATER COMPAN months of the current year amount- BY ROBERT or BURROWES, er. Sonio0 ht prt, S07 | pss: dnt & 1 last year, Alexander Hamilton In- To the Holders of stitute reported today. INDIANAPOLIS WATER COMPANY > : The maintenance of this rat Bois} he Dd, Randing Mortgage, O i PHILIPPINE RESERVES | through the remainder of this year | December 1, 1960: : would result in the annual export |water Compens vines sod! pndinnapolls INCREASE, FIRM SAYS value of 82520000000 and would fs provisions of said Bends ai, ing Mors; Loa represent the folrth = consecutive Eotnpany to Fidelity Trust Company (now year in which export values ex- Fide 2 bearing date Trust a; Com ay) panded, the institute reported. . D. 1993, and the Indentures sup= - rT Me pula : lemental to said Aiorigage Dearie date sufficient for payment of the entire | UTILITY FIRM OFFERS BONDS | yobie™p (35,1%0h December 1, 1925, Pebfunded debt of the Philippine gov- | Times Specinl per 1, 1930, respectively, has elected to Bank 10% CHICAGO, Oct. 26.—P redeem and pay off all of the outstando 5 5 5 Ya - 4 , . 26—Pacific Gas Pive Per C Serie Fille Service North II-NP .- Me “liv [Bos Bo i Phoenix ernment, may be provided by July and Electric Co. today announced ber § 1660, ont e Bras

-5s, $3.75; Times Special basket, $1.25. Endive, doz, ignode Steel ..... 1 Gen Am Tk Car 61'a Westchester Fi . 2 4 1 ‘on angoes, home grown, bu.| DETROIT, Oct. 26. — Sales by r 83 i El 4 3% gi = ahead of the BI a A D1 Daina b. ba d Standard Dredge preferred Gen U 8S Fire 5 1, 1944, two years the offering of $35,000,000 First and | fixed for redemption, to writ, December 1,

n § 50c Omions. Indiana yel- | Gar Wood Industries, Inc., and sub- | Schwit i BG ane. 10. 2 food 1 ustri y Ine, d Sus. withdrawal of the United States | Refunding mortgage bonds, series I,|1936. there will become due and

> 3

d Common and medium SHEEP AND LAMBS —Receipts, 1000—

NO £03 098d Brow aamo

oven Sistem

5. h I'l) e 29¢; — 80.

° Bt a 22

NOTICE OF REREMPTION

238 838s

lin lifornia Tokays -ib. peri i ear, company i is | Cities rvi . 1 pT les, C."0. Early at toa. ¥ officiae FA ey wk To nt Tg yy Nationa] Oty , 25-1b. box, $3.75. " ONS—peraiimons, Ind. 11-piat| Consolidated store sales for this | Continental iwi MK Tp 8% 30, | First Nationa) Boston : Pomegranates, Cal. 30-1. box, $3. | period totaled $4,922,132 an increase | Economical Dru N ¥ Cent 46 : FIRE INSURANCE ETABLES Artichokes, California, 5- | of $255 805 above the same period of | Electrical Household Aetna: Fire Insurance 48 Sehold American Ins of New York... 13

¥ . $3.25. Beans, round stringless, . General Eo $ beets, nome grown, doz. 0c. | 1035. Stores in operation on ihis |Great Lek t4 | Buiehare American c

N Y New Haven. 4 Norfolk & West 304 Nor Pacific Penn

li, California. case, date numbered 1209 against 1225, jarvis So Tbe

a Washington. 6-dos. | outlets on Oct. 5, 1935, the report | men Fad Tube --.. i a3 | Eranklin Fire ... ; sail, Iondon Skin . 38% ’ Ohion Pac ; ’ z 2 Great American Insurance .... Ws 2 Times Special Marshall Field 18 Equipeniten Hortay Toe 1 NEW YORK, Oct. 26.—Reserves, GAR wWOo0D SALES UP Mid-West Corp preferred .... pmen : | Noftliwest 3 i 2 28 oi Au Brake Shoe. 61% nover Fire n—— 0 Parks ...... Coins ’ Nationa. ty Northwest 10% | Am Steel North. RIVET -» ..s.s a 26%

Lyn¢

ed Sept. 30 totaled $6,383,000, com-

pared with $4,890,000 in the corre-|genith

operation of .the special sinking fund required and provided for by

ers group headed by Blyth & Co.,

from the Philippines, through the 31; per cent through an underwrit- | at the office of the said Piselity Phiioics

P Company, Trustee as aforesaid, 35 South Broa Street; Philadelphia,

Pennsylvania; Se principal thereof with a

Administered Fund 2d remium of 5% as is specified in such

Affiliated Fund, Inc. American Business Shares ... Broad Street Investing

sponding period a year ago, a 31 per cent increase, company officials announced today. Third quarter sales were 107 per Sent shed the same sree | a mon ast year, while Septem- | Aluminum Co of America .. ber sales amounted to 99 per cent | American Cynamic larger than that month in 1935, the | Am Su

ta sl. Ol report said. V tT tt Oh Cli- zc » . uliffower—Oali-

A sitornia,| HUDSON SHIPS 2800 CAR

20.19 | the Tydings-McDuffie Act of 1934, TRUST ASSETS INCREASE 148 | according to C. J. Devine, head of | Times Special ~~ to such date, and {rom and after ssid the firm of C. J. Devine & Co. His| BALTIMORE, Oct. 26—Punda-|date interest on said Bonds will cease 10 firm has just completed a compre- | mental Investors, Inc. trust today |*§ie i ia . | hensive study of Philippine finances. | reported total market value of assets on Sept. 30 of $6,618,381, equal SALES HIGHEST SINCE 1930 |to $24.30 = each of 272.817 siiares rust 15 | Times Special against a share on June iden nares, Inc Coie 3 CHICAGO, Oct. 26—Celotex Corp. | 30, 1936. Saborpo 1 : today announced September sales ; ra. vestors sresented ths highest monthly | ELECTRIC POWER OUTPUT UP figure since 1930. Sales volume for | Times Bpecial the 11 months was 40 per cent| NEW YORK, Oct. 26.—Power out- | Tax -3 | larger than the 1935 comparative, B. rl . | G. Dahlberg, president, announced. Bonds _ surtendere (Jor Ps a 12 — SH : ter December 1, 1036, no interest will TO PAY 25-CENT DIVIDEND against don i Tespect of any of the Times Special oy : maturing subsequent 1 such date be of corresponding

any force o WATER COMPANY, By rt D. Burfowes, Treasurer.

FALSE TEETH give satisfaction 111 7717 | GOOD COAL gives SATISFACTION!!! | ==" © |||f And is available al reasonable prices!

[I an 2 3

New York Curb

(By Atkins, Hamill & Gates)

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Marmion FHRSEF

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Sry Mlchigy 30. | Times Special ] Soc; Mich- | CHICAGO, Oct. 26.—Shipments of | Fisk 1937 Hudson and Terraplane models G for the week ended Oct. 24 are es-

8.2%, o 8.5 #20F

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Br PC MTA0F | par avs revs 18% close. Bt Bgl Paper 211011111 +4

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