Indianapolis Times, Indianapolis, Marion County, 27 November 1936 — Page 27

irected to

study and make

most effective ethods of

: | doubtless inMr. Flynn | spired by, this | provision of the Security Act. But it is difficul are any pi for a program - health ins under way. The ident went to some pains io dicate that during one 6f his : speeches during the camIt was a speech not rerted in most papers and hence yery great significance has been

En.

# ” ” October, 1936, the President dedicated a medical center in “Jersey City. The medical profession ‘was, of course, numerously repre- - sented. The President said: “The medical profession can rest assured that the Federal Adminisration contemplates no action det‘rimental to their interests. The action taken in the field of health as shown by the provisions of the did Social Security Act make clear. There are four provisions in the Social Security Act ; deal with health; and these visions received the support of “outstanding doctors during the gs before Congress. . . . This ‘itself insures that health plans will be carried out in a manner ‘compatible with our traditional so¢ial and political institutions, Let ‘me make that point very clear. . ‘Public support is behind the program. But let me stress in addition, that the act contains every precau‘tion for insuring the continued supand co-operation of the medi-

E Social Security Act author- ’ izes an annual appropsiation ‘of $8,000000 to be distributed “among states to assist their public health programs. Public health ‘programs, of course, are very difnt from health insurance. Doc"fors, of course, are very much in oe of public health programs. ‘But they are pretty much opposed health insurance by the state. And the President went to a good ‘deal of pains to indicate that whatyer his program might be, it would or one which would” secure con‘$inued support and co-opération of the medical profession. Doubtless the President has his “own reason for this policy. But, unless some shrewd meaning or evasion is to be read in the Presient’s words, this looked at the $ime and still looks like an assurince that there will be no health insurance legislation. “Perhaps a study of the subject might induce the President to

ghange his mind. | (Copyright, 1936, NEA Service, Inc.) ——— ———————————————

Local Securities

{By Indianapolis Bona and Share Corp.)

Ihe 1c quotations do not repreRAN RE Cr nd the o 8 roximate D sed. on buyin ga nd selling

ing Bisies or

BONDS

ea hg

.-108

rminal Termine Co 3%s '66

BE ds com.

ilroad & 8 vis pid..

Dru Ine & Mich ! Tigc §- Co pid Ts.. G

eS Bae oo" iaueanes

g Serv Co of ind pid rn In s & El td 6s 105 fata Elec Co 6. 1

below subject to chat {Quotations bel ra

eid J]

to believe that

to Be Suggested to Aid Building. Times Special

ment of a committee of industrial-

ing of low-cost homes for wage earners as a ‘factor in further national recovery will be urged upon

the/ Congress of American Industry at its meeting here on Dec. 9 and 10,

it was disclosed today in a report of the National Association of Manufacturers’ committées on housing and employment. Charles R. Hook, president of the American Rolling Mill Co. is chairman of the committee. Present housing requirements of the nation were estimated in the report as 6,000,000 home units. A substantial proportion of the revival of industrial and business activity and re-employment, it was pointed out, is dependent upon a restoration. of activity in the constraction industry. Particular emphasis, the eport continued, must be given to ow=-cost and low-rent housing in the cost range of $2000 to $3000. Three fundamentals involved in better housing were said by the committee to be (1) the possibility .of materially assisting in the solution of the employment problem, (2) the social problems involving better citiZenship, and (3) the opportunity for up an avenue of sound inhet of capital with a fair return.

Would Reduce Costs

of the problem, the committee explained, should be along the following lines: “Producers who make up the construction industry should be urged to make a further study and research into the manner in which better homes can be provided at less cost. Distributors of building products should be urged to study means

lower cost homes.

means of reducing costs without

employes should work out plans for more continuous employment whereby a larger annual return will be adsured to the worker and lower unit costs results. Engineers and architectural designers are called

satisfactory homes for the great bulk of the people. Education institutions are urged to carry on broad research of low cost housing.”

Chicago Stocks (By Atkins, Hamill & Gates) Prev. . Close,

New York Curb

(By Atkins, Hamill & Gates)

Aluminum Co of America American Cynam Gas and Hedtric’ A Am Super Arkansas ptlas Bo

Canadian Inaust Alcohol “A. Gartl er Cor

ah aaa as A Er ee ae

on ra Hudson Power ....... 1 r Brass v oud

ea Somme UL LL gay En x To

“p

8 ff

SEseNansstnnes 8 csiessaane Shas Assnsns darts nstR

oy ENEOLIDI LI 4 00 DIDI WO i

tpt pt 09

Dividend rates are res in dollars and

g 5.

iy §3% . iad =880ve &

AS cos wa n

Committee of: -ndustialists i

NEW YORK, Nov. 21, Appoint-

ists to aid and encourage the build- |

. Concentration. upon: the solution Dou

by which: they may contribute to Am

Du “Builders should be urged to find |; sacrificing quality. ‘Employers and |N

Fink upon to design and develop more ster} gre

~ 50

40°

1929 “1830 yo

above 1935, but 18.2 per cent below the 1929 level.

1932

Total 1936 sales of mail order companies are VO ay 25 Pr at A Sons & So of 38 Ber is Oe 11985. in order are department stores with estimated 1936 rome 14 15 per cent ‘Although 10-cent stores esti-

1929,

mate a sales increase of only 8 per cent over 1635, Yolume a

d to top 1920 Next

oe oC

New York Be 5 ] r

(By Thomson & High.

McKinnon) Prev.

11:00 Low AM. Close. Amusements—

Loews Inc Paramount Radio Corp RKO 8% 20th Cenjury’ Fox 01 Warner Bros . Aviation—

Aviation Corp + ve

8% Boeing Aircft 5

8 y Corp 22% ited Air Prines 16 Un Aireft New.. 263%

Building— Am _ Radiator ..

63 N Y Cen Tle 8 Penn R

Wess

222 Barber Co . 26% Holland Furnace 417 Lone Star Johns Manville. ih Otis Eley 3 Warren Bros . © 10% Chenticals—

Afr Reduction. . a5 All 231

giangussesE

Union Carbide ..1 8 Indus Alco. Am ‘Home Prod.. Drugs— Bristol Myers .. rt

Ehiagtae sp

Equipments— Am cap & Fdy..

Loco a “Steel Fy. Bald Loco

West Ail 43% Westingh Elec "145% i; 51% 5%

Corn Guban Am 3 ar 13 Gen Ba vs i

ave 13% cece 393% ves 33% . 25% 19%

Spine ee

Financial Adam “4 Sehony. Garp .

SSIRaR Pee

Cra 7 Com Invest Trust Transamefica ... 1 Household— gol Pal Peet..

EEE

wie sumEtes

Sngeeagiue =e eo Se

«3 Sl Raa a

FSEETEE

LE 5s

Dry s. Natl Stores 1 Bros ...

: 1 High Low A.M. & Nash... 9 95% 98: Sh 8 3% 6 41 131

Maryland. .

Retail Stores— Allied 13% | Assd Pirst Gimbe

Stores ... 187 3804 56 26%

Bt par

Divid

- Inco; Inyesio

Ee mas | State

| Su

Firestone . Goodrich

G U 8 Rubber .... 46% U8 Rubber pid 100%

War Pipe Youngsih S &

Textiles— :

s Rayon Kayser ahus

Tobaccos— Am ors ‘4’

u GG & sept at Pwr Sit orth Amer... 3

, oul Std fiat

West Onton

An rican Business Broad Street Investing 11 Fund bd +.

She ita versified Diversit ied True General. Investor

d Amer eg ‘Co! Mar a pe # a

ssachusetts inves Mutnal Investm Nation-Wide Votin North American

bers—

411 Steels— 40%, Am Ral | Mills .

- 34% 72 23 in 3

d . ih 81%

ae 10% Cay - 337

+ 39 .. 21%

Phili "Norris Ry Ehilp At Tob B 59

Utilities—

| output reached a new high peak for . | the recovery movement, although} }

the price level was slightly lower than in August.

As a result, the value of factory output exceeded the level set by the prospective 1936 farm income by the widest margin this year. It was therefore in a weak position to extend its gain or even to escape some recession before the end of the year, the Institute said. : September Index at 107 The prospective 1936 farm income indicates an annual index of 96, the Institute: pointed out. : Since the index for the ‘first nine

96 would mean an average index of

Ploy; 78 during the last months, a sharp

drop from the September index of 107. Such a severe recession during the.

pointed out, 1936 is to be a year of excess in factory output. ‘The prospective failure of a greater corrective movement to develop this year

busines outlook, Institute experts

5% | believe. 0

HSWINE MARKET

HOLDS STEADY

% Prices Equal Wednesday's

High With Total Run of 10,000.

steady at Wednesday's best prices today at the Indianapolis Union Stockyards. At the close 180 to 300 pounders ranged from $9.75 to $9.90, top $9.95. Sows were steady; $8.65 to $9.35; top $9.50. Receipts of

..|10,000 doubled Wednesday's run.

Weights of 300 to 400 pounds sold for $9.55 to $9.85; 160 to 180 pounders were $6.40 to $9.80; 150 to 160 pounds, $9.15 to $9.75; 130 to 150 pounds, $8.65 to $9.40, and 100 to 130 pounds, $8.15 to $8.90. ¥ Vealers Up 50 Cents Fat cows were strong to about 25 cents higher, and other classes were

17% | down; the bulk of heifers, |

Pi i = = . 90%

4 ly 3% Investment Trusts (Sy Thomas D. Sheerin & Co.)

Administered Fund 2d ffiliated

Fund Inc veer 1087 Shares .. 1.25

rE SBSISER

“'e . "=

> ee vo» oe

: Setkshubes

end Shares Ine

“Smo

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oo pb 0d BEE

fe o

Samulatiy Ne Shs ira is

Ciisscosne 8

+ TY: bs. 1 X s [ ; on Rr aver, 13¢ :

: higher with the | grades selling for $11.50 to $12.

down, - Beef cows were $4 to $4.75; cutter grades, $3.25 to $3.75. - Vealers generally were 50 cents of better

Early sales of native lambs were steady to strong. The early top was $9. Total receipts were 5000. The bulk of the most desirable | 200 ‘lambs sold for $8.75'to $9. No fed ‘Westerns were sold on the early ‘market and they appeared to have been held back for higher prices. Slaughter sheep were steady and faewes were guntey at $3.75 down,

Nov. 19,

9.75 30

on dood and aieiéh .

months was 102, an annual index of |

. | remainder of the year, however, is| not in prospect, since, the Institute

does not speak well for the 1937]

The hog market was active and |Ee

POR §58

Seco 2 ite | a

cent over the same week in 1 1985.

mats week; and a goin of of he the

fey

The camera brings you a glimpse of an impromptu program that

the radio audience missed—Charles M. Schwab, multi-millionaire steel

magnate, deftly playing the piano.

After speaking in a broadcast at

New York, he strolled to the studio.piano and indulged. his love. for

music.

New Bond Issues

(By 'W. L. Lyons & Co.) | °

&. Q 4Yas ethlehem Ste el 3%s ’66 gant Ore Pwr 4s 66

108! 102% 108% 10134 99% 104% 110 Vy

Ediso; Gooarich 4Ys Gulf States Steel 41,8 '61 ..... 1081, Indpls Water 32s 6 owa Sou Util ts 50 Kansas P & 12 '85 Koppers = 4s ’

Los G 3 "0... ] eG & E 3%s ‘66 . Metro Ed 4s ’65

ov 10 ec 3's 3 —sogin Pac L ey Cs '4 veee.108 Peo Go EY Te 5 81 ....

most sales at | wise

Other Livestock

£8 Shalied Press) CHICAGO, 27 — - 000, includin SPooel 3x

active, - hudine Too to ia Aairty Wednesday's average; spots hier Bulk ‘good and. choice. 190-378. ov. 506 9.85; most 150- 180 19s. 5 15 ods: ig, goa : sows, strong; better kin ds ttle—Receipts, 6000; little done on ii sel hati 1000: i loads on JSale, few loads, Ly 35% 50, cording "to weights: ‘bid 12.75, & $13 asked in several instan a commerci {atile. steady, with cows slow; “heifers Jair. active; cl oles heifers yery scar 1 fo 8 A shade higher: ) mostly | $4.7 ibaa a8 sendy’ il nes; i, SAT All grade Oy eipts, 13. 13,000, ingluding 500 diri generally around ad Better srad

Ea offerings, and refusing lower Bias early; good Yo choice lambe ‘bid $9 down: SL asking [email protected] better; sheep and ng. lambs Tittle ¢ Ba heir native ewes, Har double good 67-1b. feeding lambs,

& Nh Nov. 10.5 on 7 9.603 - 5560: 275-300 iE 5: a Be. Sle 0 be $8.75: 180-1 in! 1 Sais 20-130 1bs:, 803s: 100-120 0-140 . $8.50; stags, $7; calves, $11.50; 3S ah $8.75. LAFAYETTE, Nov. steady to 10c higher: 350-325 1 ERS 78; 250 1bs., $0.8009.70; 1bs. Bal ih § Ee Boaz ighs, $9 Bi ig

Market $9.75;

are

CL. U: COMMITTEE CHAIRMEN SELECTED

‘Dan ‘'W. Flickinger, president of the Indianapolis Chapter of Chart-

102° lered Life Underwriters, has an-

nounced 1937 committee assignments in the organization. Committee chairmen are as follows: Membership, Francis D.

® | Brosna, chairman, and John L. H.

Fuller, co-chairman; qualifications, Ross M. Halgren, chairman, and

gram, Earl H. Lowe, chairman, and Horace E. Storer, co-chairman, and publicity, Edward A. Krueger, chairman, and J. Russell Townsend Jr.,

co-chairman.

:| EXCHANGE MEMBERS

PLAN LOCAL MEETING

Times Special CHICAGO. Nav. 27. Thaddeus R. Benson, - president of the Chicago Stock Exchange, and a group of exchange members and Ghicago firm partners, are to spend Dec. 3 in Indianapolis with local brokers, it was announced today. In connection with the exchange’s expansion program floor traders will demonstrate how orders to buy and 0 I sell securities are handled on the exchange floor. Mr. Benson is to speak at an evening dinner sitend. ed by Indiana industrialists.

announcement said.

Guy E. Morrison, co-chairman; pro-,

financiers at the Columbia Club, and

SEASON RECORD IN FALL TRADE

Credit Association Head’s Forecast Based on Business Trends.

Times Special NEW YORK, Nov. 27.—The best holiday season business since 1929 was predicted for American manue facturing, wholesaling and banking firms by Henry H. Heimann, execue tive manager of the National Assoe ciation of Credit Men today. His prediction, included in his monthly business review sent to

the association’s 20,000 members, is” based on reliable indices of es —

| activitiy and progress, he said.

“During recent weeks business has ~ witnessed a series of events, both political and economic, that might well have retarded its continued . progress, were the recovery not - based on necessity, rather than speculation.”

Business Expects Added Costs

heated election campaign was in progress. And on the international front, there were steps taken that indicated a possibility of a return at some distant date to some form of an international gold standard, Mr, Heiman said. “On the home front, business is particularly interested in the prose pects for the fourth quarter of the year. It seems certain at this writ“ing that the holiday season in 1936 will be the best we have experienced since 1929. “While business expects added costs from taxes and labor de=:. mands, the consuming body is faced ~ with an increasing cost of living. But generally the outlook over the short-range is decidedly favorable,” he continued.

Steel at 75 Per Cent

“The automobile industry is now showing its 1937 models ‘and this _ means that the plants are working at production peaks to meet the expected demand. This industry’s ine fluence will, as usual, be felt in many directions. It is estimated that 400,000 cars will be produced in November alone. Reports from the field indicate a demand better than last year's. : “The steel industry is currently operating around 75 per cent of capacity, which is almost 50 per cent over the level existing a year ago at this time. Electric power production, car-loadings, bitumine

clearings, employment

flect. the widespread extent of the

Consult Us On “The Burning Question” Indianapolis Coal

Co., Inc. HE mlock 1367 DR exel 2174

ERSSRESsIE ERR i

i Em HE

Engen: ut

NOTICE OF REDEMPTION To the Holders of

Indianapolis Water Spray

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

1571 ie % 018 183 23442507 5103 soma 5572 5701 6018 6128

104 5278 5626 5702

Seren EREER bobbed

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ae 3 ¥ 3 SERENE

I4EERRAARERES

sisaReaananeanns sn sen tanean enna:

“In this country a significant and *

ous coal and petroleum production, — .. = bank and oo pay rolls—all are ahead of the fige =~ ures existing a year ago and all ree. ~

current business upturn.” ——

m3 8020 ola 6128 024

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