Indianapolis Times, Indianapolis, Marion County, 28 November 1936 — Page 11

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of the fare

Sickness Is Cause of

3 ! i

ended Nov, 21 total 789,500 ears, an Brass of

4828 cars above the preceding week and 141,576 cars above the same week last year. :

Economic Loss,

Flynn Says, : J _BY JOHN T. FLYNN. EW YORK, Nov. 28. Health

. “important social on the / meets. !

and all neces-

I,'dental

plan involves the payment of the cost out of Sotribytions by the workers Me, Fiysn themselves on an insurance principle supplemented by public grants. Without going into the’ manner, in which such a system should be. organized, its importance in any modern society can not be overestimated. The United States is behind most countries. Germany has had it sirice 1883, Austria since™ 1888 and many other countries, including England, Ireland and Norway, since before the war.

” s » x LLNESS is a hazard which threatens

every member of the y Bor ose with large incomes can get medical attention. They very poorest section of the population can get certain medical services, at hospitals and clinics, But that large element of the'population of workers who do not ‘like to consider themselves in the grade of paupers remain unable to avail themselves of the benefits of modern medicine, particularly preventive medicine. It is not merely a social problem, but an economic one. It is said that approximately 250 million work days a year are lost to workers through illness. This, aside from the costs of -illness, is a serious ‘economic privation for those least able to bear it. Occupational exposures, poor food, poor housing, bad ventilation, lack of proper utilities cause more illness among workers' than among other classes, yet they are legast able to meet this burden. Proper medical care is extremely

% costly, with the result that even

+4ose with good incomes can hardly afford it. » o n HOSE with incomes: over $10,000 fare well—67 per-cent? of them get doctors’ care in a year. As the incomes decline the amount of care declines. Only 56 per cent of those with incomes from $5000 to $10,000 get doctors’ care, while those with incomes of $1200 (o $2000 suffer a lower percentage—only 43 per cent. The amount of public health for the poor, too, must not be overestimated. Of the enormous sums spent on medical care—about $3,~ 656,000,000 a year—only 3.3 per cent of it or $109,000,000 goes into pub-

lic health for that vast population || Ma

‘in. the lower income brackets. The Committee on Costs of Medical Care studied 9000 families in all groups. - It found that the standard for proper medical care swould be 5600 calls on doctors a | year for 1000 people. Only those in the - large income brackets—over $10,000—got that. Those in brackets under $1200 a year got only onethird the required service. Here is the field to be occupied by health insurance. (Copyright. 1936, NEA Service, Inc.)

Fruits and Vegetables

(Quotations below subject to change, are average wholesale prices being offered to buyers by local colmission Rajsit) ) Orego Bose Td eo Sy

ih o Oregon I Anjou. 1080 (00a 3.25.

nanas, selected. Sc. pples, No. 1 10s] ry SX 2 7

: Persian seedless. 84s-112s, eT. California Emperors, Sranberties, C...C. X

Tangerines, Va |

d.. 12-pint crate, Sc. Pom-

X. , : Ve etables— Artichokes California, 4-dos. box, 350, Bea

25. Berea California, 15c. Bru Sprouts, B Cabbage, N. ¥.. 50-lb. home grown, doz.. 40c 12s. crate, 2, 185. moth, doz.. 75¢c:

cum Ee doz. ornia best. 18-ib.

ons, flan se. Northern whi fe. 10-1b. inedlum. $1. 5 & wR Jo Oc. Peas. West-

amper. best. tatoes. reen Mountains." Saiadt ag bag. $2.60; ts, $2.85. Sw Nancy

~ “ tercress. 75¢. t Ty 8-1b. ‘basket, $i.es

(By United Press)

Nn | Greenfield Ta

Produce Markets

‘quoted a 1a doz stock the Snr while Jr Sele full case of eggs must strictly fresh, Joss off, 3le bleed hens, S$ Ibs. and g over. 13e: ile. A\eghata zens, Heavy ers,

13c. Leghorn full-f thered Gea

Serta Ra 03 Ne:

ans, Florida stringless, ham- |

pe al

: oe grrwans i Sasa san FES senananen » : : a

CHICAGO WHEAT PRICES SOAR TO

in Active Market on Favorable News.

By United Press i CHICAGO, Nov. 28. — Wheat prices advanced ‘to the highest levels in three years on the Chicago Board of Trade today on a moderately heavy volume of buying. The new speculative interest in wheat which became &pparent yesterday following reports of heavy buying of ‘Argentine wheat by European countries again took control of the market, Prices advanced more than a cent a bushel without meeting

enough selling to more than check the rise.

- At the close wheat was 1% to 1% cent higher; new corn was % to 7% cent higher, and old corm was % to % cent higher. Oats were % to % cent higher, Prices were sharply higher 1n the initial transactions and later the gains were extended with December and July contracts touching new highs for the season while the May equalled the old top.

Italy Buys Wheat

Strength in Liverpool encouraged buying but the main factor behind the. advance was an estimate by Broomhall that Italy had taken about 20,000,000 bushels of Argentine wheat so far this season and that the total would probably run around 40,000,000 bushels. Reports of continued dry weather in the wheat belt also had a bullish influence in the local raarket. Another factor contributing to the advance was a heavy export demand for wheat. Corn and other cereals followed the action of wheat, the former grain establishing net advances of a cent a bushel with the May delivery crossing the dollar mark. The market ran into scattered liquidation early in the day but moved up at the close when shorts covered. The fact that country offerings of corn to arrive were light despite weather conditions iavorable for the movement checked selling pressure in the final hour.

CHICAGO GRAIN RANGE (By United Press)

High, Low. 1.18% 1.167% 1.06%

Close. 1.19% 1.17% 1.07%

4 1.03% 1.04% : Js 1.00

98% .98% 95% 196% 9412 95%,

A451, 45% 44% 45 41% .41'%b

95 9112 85% _

.95a 92%sa 83%a

86%, .88Y, nines 808 1.333% 1.33%

134% 1.33 1.34% 1.32%

12.42 12.60

March . 3 Fs Asked, "bBid. *New.

12.10 12.37 12.25 12.55 Ta

Lora, »0ld.

12.00 13 A7

XN CHICAGO PRIMARY RECEIPTS

CHICAGO CASH GRAIN (By United Press)

CAGO! Nov. 28.—Wheat—No. 1 hard, Corn—Tilino is Rioportional No. mixed, 98%%c;

11 $ wh 12 0 ‘asc ma Ay hes | thy See

p hens ns— .35%; No. 3 yellow, Jeat, Sii% = id) Bla; gous. nom S, $16.50 bid na =

TOLEDO, Nov. 28.—Grain Sloze. i eleaon, transit billing. Wheat— 2 red, $1.22% @1. 3a. a 7 yed, 1 No. ‘20 m as llow, $1.06@1}. 52%ac. Rye—No. ni:

Ha@1. e. ) 3 whit 471 . Produce: Butter — pe, ib. prints, 3%e. Eggs— Extras. 35@36¢.

| New York Curb

(By Atkins, Hamill & Gates)

Aluminun Co of America lose. American d Sas

PD Po i

8 °

BENE

re pes

J Quit ofl, Pan tnd Die Cop oar Humble Oil an and Refining Co.. Tavs grade Food - 5%

Ford Motors.

noite.

IE FE ERERE Se EE

«3225

‘Bl

THREE-YEAR TOP

[Closes Up 1% to 15 Cents

rie 87 | Grt Nori] Grt Northern

. Track prices. Tae rate. Wheat [email protected]%2; No. r

Steel Hai Sustained.

“TREND OF STEEL INGOT BREST i ; WEEKLY AVERAGE = *

. Percent of Capacity

3 Weeks

"I Prepared Administrative and Research O38 poration New York -Jan Feb Mar Apr May J une July Aug Sept oF Nov =

Steel ingot production averaged 74.3 per cent of capacity during the first three weeks of November, compared with 53.2 per cent in 1935. Factors supporting operations include heavy automobile, rail and structural demand, part of which is buying in expectation of an early rise in prices.

N.Y. Bonds

DAILY BOND INDEX -{1926 Average Equals 100)

Local Securities (By Indianapolis Bona and Share Corp.) The Joliawing uc quotations do lot, rep repre-

sent act y indicate the ADDrOAIMAte AATEC ae Ce uying and selling in

quiries or recent pi é BONDS ¢TH): wists ‘61... o|H Tel & Te 43 H Tel & gel Fe W 6s '43.. | Indpls Railway Inc TY *67 Interstate Tel Te Tel 5%2s '53 . Kokomo Water Works 6s ’ Morris 5 & 10 Stores Bs so. Muncie Water Works 5s * Noblesville H Ohio Tel Serv Richmond W W 5s ’§ BYE Waist So, iy 4:1 oes &L «1

["H Water Works te 49 seymour Water Co 5s,’ Trac Terminal Co 5s °’ Indpls Water Co 3%s '66.... STOCRS ABC. Brewing Co c

: 4-5 Belt. Railroad & st Yds com.. 58° Rely allroad & .8t Yds pid... 58% 7 d pfd Ts . 38, & Fel Fe Wayne, .

Hook ‘Drugs Inc [nd & Mich Elec Co pid n. nd | Serv Co 5s

104% 105 106% 101% 103 10412 103 108% 103

110° 104

105 80%2 1

Citz Ind RY

90.0 84.7 103.5 (Copyright, 1936, by Standard Statistics)

U. 8. GOVERNMENT BONDS

(By Abbott, Proctor & Paine) »

j Treasurys ;

Home Owners Loan Corp. Serv pfd- 5s 4 J. 108 ya Pwr & Lit Feo pid 6s Progress Laundry Pub Serv Ind 35d Pub Serv. Co of Ind Sia Southern Ind Gas Se El ed 6s 105 Terre Haute Elec Co 6 1 Union" Title Co.

New Bond Issues (By W. L. Lyons & Co.) Allied d_Stores Su 51.. Bid.

TODAY'S BOND LEADERS

Allis-Chalmers 4s '45 195%; 4s '3

302 73

ASK. --100% 100% 03%2

' a ntine Rep 4%2s “71 Hh 1% | Argentine “Sep 4% gi

Alleg Corp 5s '44 Alleg Corp 58 ’49......0000404 $e Am Frgn Pow 5s 2030 ........ Am Tel & Tel 5%s ’43

Am Tel & Tel 5s ’65 Arm & Co_(Del) ’55 Atl Coast Line 43 52 Atch Top & S Fe 42s ’48. Am Wat Wk

3 & O 4% oe E'2thlehem 2% veel 3%s 166. Calif Ore Pwr. 4s ’66 Main

on git el Balt Roch & fe 80 81. : Gulf States’ Sree) 155 ’81 Beth_Steel 4 us Indpls Water. 3} Chi Milw P 55 “15 ..

Merto : Minn Gas & Lite, > 0 ... Mont Power Sas, Narra Elec 3? New En N NY Pac Gos & Pac Gas Lite Go tas, is Peo G

4s ‘ol J» .:100%

Grt Nor Gen Stl t WW § Hud & Manhat T Ref Fog '57 | m Gent, 43 45s

S766 .....0.0.108 Wisc Pub Svc 4s 9 a awue eine 108%

Unlisted ted Stocks

(By Blyth & Co.)

13 3

ical Dontinental Tilinois | cessnsevess dae

ent 13 Y Cent 4%s on old) i... . N Y Cent Conv 6s * : > feving oo . Am "5s Fai National City ... National’ Shawmut i, | First National Boston FIRE 1]

New Orelans an 4s '55

Penn R Aetna Fire

Insuran 78 | American Ins oF Newark -.. Baltimore American City of Frankit

B55 oe

Besa Si

. Rational, 14 rty an Rail 4s '56.. . sou Rail 6s '56. Phoenix : 128 ’

283882

Ed > ~~

NEW YORK. Nov. 28—Dun & street's dally weighted price i index ‘basic mm odities, Press (1930-1932 average, Soot |

Yesterday es ia none mich Week 480" EH 19):... 134.13

; oy 121.461 (May 21)... (Copyright, 1936, by Standard

Other. 4 Kiconiek

S85

$55nuy

od prt

| 24.

| Slaughter P

1 : Halt at Ps10

1 s, ai} better shorn

115. 3

Hog Prices Advance » Top of $10 for 180'to 300

Better grade hogs were 10 cents higher. today at the Indianapolis

Union Stotkyards and Tessipis o- | 5

taled 2000. At the close 180 to 300 pounders were $9.85 to $10. Sows were steady to strong at $8.65 to $9.35. Weights of 300 to 400 pounds were

$9.65 to $9.95; 160 to 180 pounders

were $9.50 to $9.90; 150 to 160

pounds, $8.75 to $9.50, and the 100 to 130 pounders were $8.25 to $9.

Cattle Market Nominal

The cattle market was nominal gis =

with receipts of 50 cattle and §0 calves. . Compared to a week ago, all killing classes. of cattle closed strong to 25. cents higher. Better grade

steers and yearlings were fully 25 |D:

cents higher, although some of the heavier classes were lower at times. The week's tops were long yearlings, $12; medium weight steers, $11.85; heavy weights, $11.50; heifers, $10.25; vealers, $1 to $1.50 higher, top $12. : ? Most of the late sales of fat cows ranged from $4 to $4.75, the cutter grades, $3.25 to $3.75. Heavy sausage bulls brought up to $5.75. The lamb market was also nominal with receipts of 80.

= —

Nov. 2.

Receipts.

es : a583y

D099 fi

25. 31. 9.85@10. 00 Tine Lights— (140-1

a 9

choice. 8 o.

oo 0 88

2 Rage 23

Medium Weights— (200-220) (220-250) Good and Reaviwee

pe 09 Poon 95 So vow BO

choice. .

choice.. choice. .

2 coo 1

vo on vo

3u3= a8 J 99 95998 OS ©d @ 3

um Poo LO BO 8 -

(100-140) Sak and choice... ’

ATTLE Ra 50

(500-900) 1‘ : G

on Q

£999509389838

C (900-1100)

( 1100-1300) &

BoR38Z532Vas re Pe PHO OH OM0 OM Im Or

Mi (1300-1500) i Good

Peet

AOBDNS OOILONBVOSURDS §SS on

mmon, medium

hgh 92868 aeNoo £388

Du oa “3.3

oe SIT Cg he in pas 99988 rome -3 SS ooo

Good Common and mi ou Cutter a and. dium : Cutter. oom.’ ‘and med. bulk... . Vealers —Receipts, 50— Good and choice....

= rom 22 333 ed 83d

Calves (250-500) Good and choice. 34 ) Common, medium Feeder and: Stocker i (500-800) Good and choice $ 6.0 800-1050) ood aiid am Fi - a cho : Commo medium 4.75 Heifers—

Good and choice Common and medium

3322 ° 32 ©

09 500

on San ou nen go

bois

thr Livestock

By ¥ United Press)

fp fe 500; Ee 100; market, sady; yearling’

trong beet nnage innei od liberal entry list to A onal OW 3 eine top com$12.3 new high; Bil. 3501250, extreme top, rs up to $12, also a new h; stockers and feeder.

she aoe tro 5, lise Batts.

and ng to die S01 HL down

$12.85; fed h

Sheep—Recei steady; fat lambs mostly dsc nigher, © earlings

sharing advan { Jims Also stronger: oe amb top, iter grades, Ky of Ib. 1: Ee

sarlings, '$8@8. Rg $8. Te ewes. dia bulk, ont Sian; @7.85, -

Am Ho

] ite Mtrs Yellow Truck .

EE Is

~1IGENERAL STOCK

Sy Bete §

agai: >

: 2g Ee

nee “ FESEFER 2

ed Qos EalR Rl S309 SSwhia FETE

sige ans FE

fgg £ oi

a bd

Sau... ‘s

Chemicals—

Air Redution ... 82 Am Com & Alco 34%

10%

u Pol ES Fr rt Tex .. fquia Carb .... - 44% Math Alkali ... onsanto Chem

e Prod.. 50%

Bristol Myers .. 44% bert ” arses 1090

Steriing Perod’ Un hes (new) . 15%

Equipmen{s—

Am Brake shoe. 64% Am gar A. #7

. la st A 46% 45 Westingh Elec ..146 145% Foods—

Am Su;

Natl 'D Prod

Purity S Porto R Sug

Std Brands Swift

cor Cor Com Inve Trus 83%

Lehman Corp ... Transamerica ... 18

Household—

De Bed Miscellaneous— Allis Chalmers. . # Am Can \m Mach & Fdy 22 \richor Cap. . .

Deere & Co Esstman Kodak: 180% Foster Wheele! Gillette Glidden 41%, Int Bus Mach. .190 Inter Har .100%% bl Natl Cash Reg. 31Ya ‘Owens Bottle ..160

Rand 23 Worth ton Pump 32 Motors—

Apburn Sani enns Sarysier 128

Motors .... gen. Mo Mot . 17%; 1143 5 14 27 19% Motor Access

ight steers Moto

Warn Timken Det. Axe Timken Roll ..

Mining \laska’” June ... Am Metals ..

8888.8 SUSE 888%.

wap Fas

CIEL aR LINOLEUM Hs |

LIST ADVANGE ‘TRADING ACTIVE

| Gains. of More. Than One Point Recorded; 1931 Level Approached..

By United Press NEW YORK, Nov. 28.—A general advance of fractions to more than a point brought the main list of stocks to within touching distance of the best levels since 1931 in an active short session today on the stock exchange. Prices tended upward at the start which was active. Deals picked up thereafter and the market ran at a rate of 3,500,000 shares for a fives hour day in the first hour. Moader= ate profit-taking came in the second hour but it was easily absorbed and the rise resumed before the -zlose, leaving the market higher on the week. : Leadership of the steel shares and further gains in the utilities stood out early in the day. The former lost part of their gains but the latter held well with the average only 1-10th point under the high since 1931.. Locomotive stocks continued v0 rise into new high ground. Motors met better support on outlook for a sharp stepup in operations next week. This week's outturn was down about 6000 units because of the holiday. Of greatest encouragement to the trading element was a rise in raile road’ shares which have been laggards of late. Gains in the group ranged to more than a point early in the day and most of. them were held.

Chicago Stocks

(By Atkins, Hamill & Gates) Close.

i HL

Et] >

1A 6 fk bk hk et se

A § 3:

veesyzaN:

BugAE

Hist

QO: we» gehen STOTEE | Fook ar” 2% 2 gus : FF t8o0toul usisiut.. Sanus useY

E 2

EREQY 2 SERS

Valley .. 19% Nash... « 95%

SonRSBeESww-SlnES & FF SSETTESARSEERANNEE §

n REF FRR

anni - Pt a3 C0 i 4B oY 09 =] 3 RR

he $a oe oe Dh 5 o

4 wi 2 Oct eit 4 a

wal West Maryland.’

Rubbers— Firestone Foodric in GC Us aie U 8 Rub pfd....101 Retail Stores Sg = 187; « 26%

Ta Toa Jewel Tea Kresge R roger Groe u's Macy R H ....

sGrory St |... arshall Field .

Noolworth

Steels—

Am Roll Mills.. 35% Beth 1 73%

Keystone Steel. close, :

Ludlum Steel Advance Alum Mia ‘Steel Asbest, Eroducts Mid Sie Asbestos ii ac uring .

3astian Bles Eo

Cord Corp

Crane Co Consolidated i coon Continental Steel . Dayton Rub Va

Youngs ns & Tobaccos—

Electrica. House Old aa ionris. ¥ Gene Household canasesns 10 Godchaux Sugar (A) . Godchaux Sugar (B) .. | Grea

25% ba “AT 983, Am Tobacco wg 100% Gen Cigars v 52, Lise sc M yers ‘B’. pit Philip Morris i Reynolds Tob ® 8

Textiles— Adams Millis ....

ad Tube 2 bby MeNoil ay Libby «esses Lincoln Prin . 1 Lion Oil

Indus Rayon .... 3 Kayser Julius ... Real Silk ....;.. 1 a ogni m & For 7% An Power & Tit: 1 AT&T

«miei

st Bank wift Internationsi vous an a un

Woodall Eh Arann. oon

as and Sie - INDIANAPOLIS STATEMENT Clearings

481 . 10% . 13 133% 265% 0 12% 38 Clear 5.550.000 Clearings for week.......ccc00s0 15,550, . a3 : Debits for week........... ces... 37,005,000 . 304%

Gas Te TY 7 TREASURY STATEMENT Stone & Webster 2444 (By United Press) Bateson oe S304 10 42.008 101 01 38 u & Lt “A”. 3% SE 519.484. o% im

Be CY 0) Ca) ed BI het pd fed - Cr JID WW pc} w

Expenses Receipts . Deficité ... 14 Cash bal.. Pub. debt. . Gold Res.. Customs

t P ‘Western Union.. 91%

Dividends Declared

Dividend Iates are given f{ cents unless sta aied oth erwise, dollarg, and

. te Pe Alumin Goods... § . rd rayable = Bank Note. 25 og Bes: 24 .. . . a" Am Home Prod... . 3 4 Am Hom Prod... .20

3,462. 1 514. 476.87 156; 30%. x:

FOREIGN EXCHANGE

(By Abbott, Proctor & Paint) ov. r Country Close close .$4.90

Par $8.2397 +EhEland ve

tery Raz... . Safety Raz... Mstal Wks

: .2298% Metal Wks. . -54217 8 Wilcox

x cree +2463 246. a cere ODS 2562 ‘Canada 1. is Amdetermined.

BUSINESS EDUCATION

Strong Accounting, tab 0kkeeping. Stenographic and Secretarial courses. Day, and Cane Gor acioat s. Lincoln 8337.

CENTRAL Business College

Architects and Bailders Building Pennsylvania & Vermont Sts., Indpis.

3utler Bros. iy B: Fon - -Jackson...1.00 spé Dec

o Ae RNA. PADI DIA hh hd pt ft bd pd DD -

arias N 8 tala i

Ppt dl pt

ks ag 5 Financial Assoc..2.50

CAPITAL

SURPLUS $2 000 000.00

Mentber. of the Federal Deposit Insurance Corporation

SAVINGS ACCOUNTS CHECKING ACCOUNTS. SAFE DEPOSIT VAULT TRUST DEPARTMEN 3 REAL ESTATE AND RENTALS INSURANCE

THE OLDEST TRUST COMPANY IN THE CITY