Indianapolis Times, Indianapolis, Marion County, 20 November 1936 — Page 30

rend

Foreign Investors

PAGE. 28

~ Supply Funds, Flynn Says.

YORK, Nov. 20. — The

‘that we ought to curb foreign in-

in this country. We are apt to remember that . American railroads, power systems and utilities, as well as some’ industries, were very widely aided by foreign investment in the | : eazy d ays. | : When the Grea = Me. Fryon ‘War oa m Great Britain alone owned abou _ $3,500,000,000 of American ar ments. Germany ranked next. Holdand was next and France next. These countries alone held about six billion dollars of our paper. But, with the coming of the war, these vast holdings were dumped on our market, and when the war was over they were so enormously reduced that they became negli-

{gba " » ”

OWEVER, in the last decade - they have inereased again, particularly in the last two or three years. For the last year and a half; save for a brief interval, the amount of foreign holdings of American investments, particularly security investments, has been mounting rapidly. At the end of last year the total _of foreign holdings ‘was over five billion. And since that time they ‘have risen perhaps another’ $800,000,0C0. Of course, all of this is-not-in stocks or even stocks and bonds. A fair guess would be that at least $3,500,000,000 is in securities, ~ while the balance is in investments of all sorts—property ownership, ‘ partnership ownerships, mortgage notes, etc. It has been several times published that foreign “investments here are at least seyen billion dollars. But short time paper must * ~ be included to get this total.

sn # s

HE actual total of long-term investments is about $5,800,000,000 now-or neéarly at the 1914 | mark. And the security total,” which is what the President is troubled about, is, as stated, about $3,500,000,000. This has been due to several circumstances. First of all, there has peen a sheer flight from European ~ currencies because of war rumors, and even rumors of possible inflation abroad. But also a great deal of foreign money has come here ause investment or rather specglation has Seemed sounder and more promising here than at home. * As usual Britain has ‘been the Jargest investor. As .a matter of fact ‘Britain, Canada, Switzerland, France and Holland hold about 75 per cent of these investments; about 12 per cent is held in various other European countries and the balance is pretty well scattered around the world. Of course there is a certain advantage in foreign investment. It brings fresh funds into the home market. But there are also certain grave dangers in it. These wé can consider later. (Copyright, 1036,- NEA Service, Inc.)

Fruits and Vegetables

(Quotations below subject to change, are - Average wholesale prices being offered to _ buyers by local commission dealer 8) ruits—Pears,

us, S ap. Virginia Jonathans, 2% inche . - Lemons, Red , $6.75; Sunst, a $5. Persian ! Gripes, California | . anberries, - Blacks, 25-1b. box, $4.15. Melons—Persimmions, Ind, 1 $1. mauats, Florida, quart egpanates; Su Artie ho k box, it tables— choke, alif Box. Hf

2pm crate, Pom-

ic. fornia, 4-doz.

. ‘98¢. ,

pill. n a, ine 140 ke fn i ov, Soe a el \ ornia : EN, 33: leaf Home: grown, 13 Biker a dive, RL Z anges, Ford. Srate. $3.50; doz., Mint. qo Indiana a white, 10-lo. 4

Ni ehin C

; RGuash, Acro doz se rom

use. 8-1. bskt.. $1.38

(By Atkins, Hamill & Gates)

Noon American Co of America A os Blectrio c........ 39

£ St ou L

aller Bearing 11:10): 18 iid R2%

= = Ema d Motors Es Sued ‘a

saves

Wess rsseenanen

srerbasisaranrenas

Nogragansett

IPRICE ADVANCE

PREDICTED FOR FARM PRODUCE

Agricultural Bureau Sees 4 Increase Within Next Few Months.

Times Special WASHINGTON, Nov. 20.—Further

agvances in prices of cattle, lambs,

months were predicted by the Bureau of Agricultural Economics in its monthly summary of the farm price situation, During the * period Yrom midOctober to mid-November, prices of corn, cattle, lambs, potatoes and

‘| eggs advanced slightly to offset the

small declines recorded in wheat, poultry, butter and cheese.

Domestic wheat prices have declined gradually since the middle of October, largely as a result of improved prospects for wheat in the

offerings of new Argentine wheat for deferred shipment, the report said. :

Lamb Supply Large

Prices of better grade slaughter cattle are expected to rise during the winter and to average as high or higher than in the corresponding period a year.ago, the report said. Slaughter supply of lambs during | the next three’ months is expected to continue rather large and to exceed the same period last year, but during the last ee months, Feb- jar ruary to April, oft the current marketing year they may be considerably smaller than 1936, according to the bureau. Butter and cheese prices, contrary to the usual seasonal ‘trend,

However, with lower production and higher consumer buying power in prospect, the outlook is for substantially raised prices during the winter months. Although slightly improved, the potato crop in the late states during the last month still is smaller than in recent years.

New Bond Issues

(By Lyons & Co.)

Allied Shares 2%s, '61 Arkansas Gas 4s °51 Associated Telephone, 3s ’65. . Am Tel & Tel

Ask 100% 100%

Bid

OW! . faine. 4s ’66.. . Central Maine Power 3ias 66. Totes Ceniral Il Lite 3Y2s 66. . cincinnati Gas & E ts 66. . Cleveland Tractor 5s '34 Commercial Credit Bs tei : Con River 3%s '61. 10 vs Cudahy PEs A 102% 1 Uudahy Faison’ Liu Bi Boston 3%28 '65..108% Indianapolis w Co 3428 '08..104va Kansas LP 4 . id Los Angeles G EL L 3s, 6 Louisville < 5 Metro id 1 Min

oVe, er = U6 4g = 108% : 50 . vo on » ‘1087. use Elec a 1 < i 5 ous s 43,46. 104i Paci c n| Yas ’ Peoples a & E Li ite , Wks ’61.. >enn Tel Pup Serv NH Railway Life 4'2s Republic Steel 2) 756. San Diego G & E 4s

’66 Souther: a ®cal Gas 4s ’65. Southern Kraft 428 46 Union Pacific 3s 70

Pub Serv ol Trusts ‘(By Thomas D. Sheerin & Co.)

Administered Fund 2d $ Altiiaied Fund Inc (new)....

Shares Inc ividena Investors Trust HCO¥ rated arket S

[ “Investo rs ual Bint Fund Nation-Wide Voting orth American Tr Shs 1055 orth American Tr Shs 1956

Selected Income Shar State Street Ir Torvest Got + | Supervised Shs ihe (Dela) .. Trusies Standard Oilshs ‘A’ Standard Oilshs B United Standard Oilfunds..:.

Unlisted Stocks

$1126.50 15.11 183 6.94 113

ssssnsaedt

Fire

srreriasiiareans Seliiliianneecenvend Sevan shoveci ta Sssanenses

Southern Hemisphere and increased |V

curities and Exchange Commission ‘8 since Jan. 1 total .

about $4,750,000,000 to date. This is $1,600,000,000 more than Sopistrapions Jor the entire yea of 1985.

vito

& 15

gic ‘ose

ner ag Jor. 16%

butter, cheese, potatoes and other Lone Star farm products during the next few |i}

sg Hey 3 OU Bel x. 10%; Chemicals Air Reduction... 82 Allied Chem ‘2 Am Com Al

cohol 33% was vs 319

Equipments Am Car & Fay. .

r ‘Loco An “Steel Fdy.. PI Ba ald Loco

g o% Puliman Inc .... 3 West Air Br 43% Westingh Elec ..142%% Financial— Ada ms ED, Jui 15% € ny Corp . Am Int Cor ». «14% Comm Cored Chesa Corp Lehman Corp .. Transamerica «.. Foods—

Sm Sugar sesess 7% ur Ys Bor en «28% 4 Cal Packing cere 43% Coca-Cola Cont 2 Corn

93% "123% 17%

declined during the last two months. | Heover

Household— Col Pal Peet.... gol 3

Alaska Jun ..... Am Metals Am Smelt ...... Anaconda . . Cal & Hecla -.. erro De Pasco. Mines

Kennecott Cop. . McIntyre Mine.. Park Utah

Miscellaneous—

Ya *| Allis 6 nis 681% a. 4.12478

ch i

Pdy 23 hor C&P.» 3

Contl C 3% Caterpillar Track 8. Crown- Cork . i purtis > Pub BL % da 18802 Sark 39

rene.

ite rs Yellow Truck

to. 5508

SeSauNg

ft -3 FEF PESSE SSE oe “

ate

5 una

00 368 2 Shananstn

FER NEE

5812 43 141%. 15 14% or

5% s

573 394 iy 33°

et jt 80D 3 00 Fi EES

Nesnsssunuy 5 ww

a: © -

“

Sau FR

mane S83 emer

os Ru

S838 FW

3 di i iti 3 10312 { 3 3 51%

43% 44% 142%; 142%

‘16%

14% 16%2 94%

135% ‘11%

573

16%

19 34% 23

bt Bs

>’ w - -»

SREB

5S =RaueaR

agag FREE

2BUSANZ en LN

Fag pant

wank FEE

. a

LU pa 253 aR

8 -..

rs 'ooiworth Raubbers—

Firestone a3 rich ....... 28% joodyear -..... 3

I) bber bbe pid. % Fi er Wogien “es 2 ding

Solancte Gor Hd i Siti So

meses

Him

Bre SB

FoR eo aR

sugays FERRERS a:

usue geEtedse

3 8

Am Tobacco * Am Tob ¢ die Gen _ Ci Lori Philip Morris Reyn Tob “B". Utilities Am & For Pwr.. Am Pwr & Lit.. AT&T:.... «+185 Am Wat Wks Col Gas & Elec Com & Sou .... Consol Gas ..:. Elec Pwr & Mt Interior RT .

4 {ed 8282

RA -

pm oi aaa

G t Pwr . North Amer .... ac G & E Peoples gas a Pub Serv N J 30 Call V Edison. - 3td Gas

Stone & Webster = United Corp Un Gas Moo Ut Pwr & Lt a yestern Union.

C3 ft DN prot pd DENN

ss -3 -. oh %

Hh a >

po on RA

3% 92

VOTES PAY BONUS AN DIVIDEND OF 45 CENTS

Times Special NEW YORK, Nov, 20 —Stockhold-

ers of the General Foods Corp. are to receive a dividend of 45 cents a share for record of Nov. 27 on Dec. 17, company directors announced today. The board also approved extra compensation of two weeks’ pay, payable Dec. 17 for company employes who were with the firm prior to Jan. 1 and extra pay of one week’s salary for all employed between Jan. 1 and Nov. 17.

Chicago Stocks

(By Atkins, Hamill & Gates) : Prev. close." Advanc 8% Allied F 41Vi

Bruce 8 LL... Bu

tier Brother (ral Minos Pub Service . él es Service

EI6CtTIOAl House id". General Household . Great Lakes Bred: oe Jarvis C Zatz Dru ue Cen-Rad Tube Libby McNeil an Libby. . Lincoln Printing

McGraw Elac tric

2 i 81a, West BE preferred veees

% Interstate va | Jokemo,

78 | Muncie Water

i 00) 0 SIIB ath oa

Ress aa8IG

nn 85

HEROS SERIES

Bo & Fe

Kd wi

3 ge:

H Tel & Tel

FE FR SR -

No Hob)

Standard Tas an International .

eves set esas bess

Woodall’ Genre ya ya sens

Local Securities (By Indianapolis Bond snd Share Corp.) The following quotations do not represent actual bids or. offerings, but merel indicate the appro: te market leve

based on bu selling inquiries or recent ne

ol: ri 3s ts Thdpis Railway In igh Tel a Bias. a: he 8 orris 5 bs $1) Stores: 5s 580 100 Works 5s 165.103 Noblesville H LI & P 6s '47..103 Ohio Tel Serv 6s "47. ‘

Citz Ind Tel

8°87... 0.11000 0, TICES ih 5 oom . 4:8

& 8 vas oid. oe Ba

N In Serv ve : Indpls Pwr & Lt Fx J i

ress Pass Serv Ind Pub Serv Co

sate Union Title

Rend SEERER

‘| held steady.

22 fae

(1985-1300) Chote:

103 ’ (800-1050) Sonn of. Ted! Comm

Some ‘Light Weights and Pigs Remain Steady; Top Price $9. 10.

The hog mari oday. wab ges erally 5 cents lower than yesterday’s mixed schedule at the Indianspolis Union Stockyards. The lower

tune, however, did not prevail in the light-light or pig classes, which |

At the close, 180 to 300<pounders sold for $9.45 to $9.70 the top price |

at $8.65 to 0.3. Receipts otated 10,000. _ J Cattle Market ‘Steady

160 pounds, $8.75 to $9.50; 130 to pounds, $7.75 to $8.75.

calves, consisting generally steady on all killing: classes. . Cutter cows Were fairly active at $3 to $3.75. A few steer ‘sales ranged from $6.50 to’ $8.35. Odd head heifer sgles were upward to $8.25. Beef cows ranged from $4 to, $4.50.

- Vealers Are Uneven:

Vealers were unevenly steady to 50 cents lower with most: of the pressure on better grades and kinds grading low medium and down. Most’ desirable vealers brought $9.50 to $10 and a few fair sized lots $10.25, top $10.50. Most medium sales. were at $7.50" to $9. Fat lambs were steady to 25 cents lower with the top price at $9. The bulk of the better grades sold for |i

and fat ewes ranged from $2.76 io ceipts were 2500.

Receipts | 1. 8000

11,000

: 10,000 000 Light 1i ent ge Goad and choice..$ 3.50 2.580

2 voovved 1 5 bean | Baassas Ww 080 DE OoovPow » Janam. SoaRaao 2 wn

Lightweights— (160-180) Good and choice. .

um (180-200). Good A choice. . Medium el vvra% ce Good

838%

and choice. . and choice

3 85

and choice.. and choice. .

& 3

GOO ciioinicsreve, 5 Good soma nte ssesen

* sian: “mde

sa 33 p

cerennei

renee ede 1

apes 8 88

D=3 oY © S83 08 8056 68 69

=3 on 0 Ono OO OO LOO

-3 .

(800-1100) Gh

(1300-1500): gio um

Heifers

(500-750) Cholce ...........$ 9.78¢ I i tii 2.35 Common, medium : Good and choice . ¥

Common, medium

go 4

g 5. Cutter com. and med. buik.i.. 3. | 3 Vealers

—Recei 600— Ed and choice pe.

Calves (asoison) Good 0d 0a. Shoe. * a0

g Fooder om eder nd © (500-800) ee 3 6.90 Heifers-. on, medium.

Good and choice ..i.veeeees B. Common "and medium

steve

Lambs Choice

Good Medium

sssrsistinany

ssessasn

Wesnusende an daneses

: Po-11m) Good and choice . i {Sheep and lamb cuota

170 VOTE ON MERGER

¥ ” United Press

of Nash Motors snd Kelvinator

being paid for ‘choice’ 235 to 250- |3 pound welenis. Sows were steady |

Weights of 300 to 400 pounds sold | for $9.30 to $9.60; 160 to 180-pound | weights were $9.25 to $9.55; 150 to.

With a run of 600 cattle and 600] > : largely of shel, stock, the pres market remained:

$8.50 to $8.75. Fat sheep were steady | $3.25, lightweights up to $3.50. Re- Boe

CHICAGO, Nov. 20. Stlokholders 1

1936 low ...... 8 U.S. GOVERNMENT BONDS Ay Athos, Prosior & Pains)

> ® “

1947.52 semasasnastsasis ssssdsissancaina ‘eseessssassNsree ‘Seseplsanscsanes ‘aw gaegravataes 2 ssssshssbsnanese Ceseussssusatnen

PO UD XY ra annnn

SesensssntEtsen cessswnipanes sesntsse Sossdsan’ Arsisesaunsinene eee ssaessesnisve

se.

Bt ne ; (

ES PROPERTY DISPOSAL IS ORDERED

ssnsesgss

sess astra ane

fase dnsustonhassdnns

150, $8.25 to $9.25 and 100 to 1301,

it should not be declared insolvent. Evidence showed. that the company had about $3,000,000 in indus-

life and $120,000 in term policies. Harold, Mountjoy, liquidating deputy insurance commissioner, in 3 Sharge of the institution. .

Dividends Declared

Dividend rates are given in dollars centss unless sisted otherwise . Bo te Per'd Payable Alpha Pt Cem. Ba be ; 21 Am Sug Ref eat id dan. 3 i “a 2 an. i3 Dec. . +» 1.00 acc . Pee. 15 ‘5 4 Dee. 1 Dec EL = ov. a 20 Dec. « . 16

ar Boston El Ry . 125 Q@ Ri M... 62 oat Dot. Chi Riv & 5 4] %

Ferro-Roote-Burt

Hale B Hazeltin Heyden

40 spe Dec. Corp... 1.00 . em . 78 ext Dec.

TYRE

oh ted pot (FY erdury ~ XTX} ef

Jo fo Pol od od RODS Bt on

0 Patterson Do .

Peoples Sain : ie. 28

swssevac o coe

Pub Seré N J... 1

‘Rainier Brew A.. 80 Do A .e Feeseit 89.

Dec. 1 .. Dee. 15 Nov.: 30 Dec. 15" Nov. 30

2 . 10

TH hal, a

vous 1.37%

"aDeclared dividend of 1-20th of a share [ok American Tobacco Co. common i stoc tock

2 bPayable In TIVGSTear D -per oe 1941, ATKINS GIVEN ‘MEMBERSHIP - William C. Atkins of Atkins,

been admitted to ‘membership in the Chicago Mercan-

| day.

vie National Bak AT INDIANAPOLIS" : 3 i Member fadwral Deposit Insurance Korpararien I

‘Breed, Ello S| Harrison

Established 1912 1115 CIRCLE TOWER

GOVERNMENT BONDS

| FEDERAL AND J0INT STOCK LA LAND BANK :

HOME OWNERS’ LOAN

to cen-

CORPORATION BONDS REAL ES ESTATE STOCKS

he ge Deg 0

t1 a de 18

Dec. .4, 1936, and: payable eer % :

Hamill ang Gates, stock brokers, In- | dianapolis, has

tile Exchange, it was: ao to- |

SSBB assst sant vapen BOS ssat tangata Shs Rsas sa sss raasy sis

45.

4 Baier riashants i ressss asa an iisasthrese

iesssssenanane 1 MB irae Ty

sreaveeane

.103

. 3 assesses

40. 000s. 14 s "40. -10

1 insurance, $115,000 in ordinary |; [nterntl T

Fonts, Ss 4 2013 (01d) .. x ¥ Cent tony 6s "44... ..000. ‘115

n Por Pn avs 31 Postal Tel & San » *53 Rem d '56

Ran . Shell Duipn ofl 3s '51 Soco!

se sssescstendens

.sse¥esseenesens

fd cesses 34

West Western Union op K.,.

Youngstown s 4

taly 7s °51 . . . olan Ts Bh ire +100 3 ives Cesersaiesen

cesses

ie ae ; 18

Rome: 6 Tokyo" city. Sis 61.

». x. irhman, stoker, $435

Margaret Schumann, dwelling alterations $1500 46-48 Monumen terations, repairs Je500 Corp, 501 N. Lassie UE 2. Bldg. & Loan Assn. an Royt-or 400; in

$175; timo: -st irs, Roach-st, repairs. ms 00: reps 2

a. alt pe W.

's , Pane; 1341 N. Olney-st,

nace, 3380, d Neff, 4923 “av, phate Br. ef y Park-av, hot

3 541 ee Hart 6s "48 ..... ore 34Y

Youngstown 8 & ¥ *30es ‘51 ..134

ob 2288 FEE

? eh fd pd 5

2% on

J Stitt asr

iii. 108 :

2 seeudeeee BEN 20 103

ios 10822 {7A 1 ‘11390 9914

112% 99%,

‘3 ‘| Dee. oe, EN cesssastavann -11002 oid

193 iota

oes. 104% 109% «107% 107% 107

pa 1.108% nenssee..108Ys 106Ys

37%

136%

70 Yo 18%

"2604 Sutherland-av, Funkhauser, 3¢ Meridian-pl, stoker; 1124 Spruce-st,

ts-pl, alWai,

Me"ods and-av,

*) (3300 1128 N. New Jersey-st, Te-

garage,

$e aries Gant, 332 Yorrest-st, hot air fur-

air fur-

T0 SINK WELLS I

have extended t tions from line S

Use of deepe

(By James E. High Dee, .vses

+. $1.17 May i...... LIB July <...... 1.03% Corn— Dec. .....ss 1.04% May ...0... 98% JUIY. vos 94%

Oats— :

Wheat—

eesi ds MT 443% 41%

92%

May .osoe00

due to Soplesciice levels apd the added deeper‘wells,” the conservation coms ‘| missioner. said. She

new‘ No. 3 ‘yell Hay—No. 1 timc 1 clover, $15@1 first cutting, $16 ting, [email protected].

past, Simmons said

Ya riod of years been urged and ope tors, Simmons

explained.

en done, however,

of oil at higher expense of

Chicago Grain Futures

Bennett & Co.)

11 Prev. Low - A.M,

close -

: 3 18% $1. 18% - 16% 102% Lo2te

1 02%

1.03% 1.03% 98 98

81%

131%s.

1.31%b

LoliL CASH MARKET

City grain el vators are paying $1.09 for: No. 1 red wheat. grades on their merits. Cash corn

Other

, 94c.. ‘Oats, 360 19, $15.50@16; No. 50; No. 1 alfalfa, 16:50; second cut

Stenographie and y ana Senin Fred

Pennsylvania &

. | BUSINESS

Strong Accounting,

sessions. Lin rincipal

CENTRAL Business College

Architects and Vermont Sts., I Inds.

EDUCATION

Bookkeeping, Becretaia) | uIges.

Trust Co.

Market St,

AFE

Trust Company and A Albert

& -3 3 beperoieie] 33

SEgenaE SIEEEEE 4 BERAEIST S358

ft gut ot fui

¥ lt : SURV

GEES EgEBEERRInNY EEL

J od 5 ©

passe

EREEEEE

ap 4 Premium

SS SSSseEREERENRERARR

NOTICE OF REDEMPTION To the Holders of

Indianapolis Water Co

First and Refunding Mortgage Gold . 4%% due January, 1, 1940.

Notice Is hereby. given ven that Indianapolis Water Hater Company, ny, widest

Aber BAL, Fries barnes

all of said 19 aig Mor

a lac and pay unding AR due January 1, 1945 on the first da day Sf Jaa AD. 1037, of 4% of such princi 1 accraed i date. The numbers of the

mpany Bonds,

{

er| and virtue of the sord Com

y to gg date “1 1914,

paying

with solcaled foc redemption

+1928 2191 2344 2507 3103 5272 LL 5701 6018 6128

1930

2 931.2

EHR

EE ERR

ip 2%

EESEEzERRRRRLE

= 2

929-2192

Bet 2810 8111 5! 2511 5114 5!

EE a

SEEER ERR RAR VE

§EBEEcsoSiaanEREnnERS

G W x tt] 2abE °

nhl HEggnsdgs ooench

:1] FE

EESEEEESRES

«1 *

§88EgREEERaRERanEERE

26 5702 6019 6127

527 07 5278 S637 573

6020 6 eae 5704 6021 6

Eases ae ma

ot oh hs es S28

SEE

Sis

EEEEEEEREIS

SECItERRRERcanEREnnEsiane

on Ga , :