Indianapolis Times, Indianapolis, Marion County, 30 November 1936 — Page 11

| Group Clinics Have

MONDAY, NOVEMBER 30, 1936

PAGE 11

year of 1935.

first 1936, total domestic ders were 180. The aggregate of 347 for the year to date compares with 85 for the entire

Been Started, Flynn Says. tn JOHN T. FLYNN_____

YORK, Nov. 30—~The frequently ailing public has been aware for some time of the high cost of being able to say “my doctor.” Therefore many attempts

POTATOES LEAD PRODUCE MARTS

have been made to provide health insurance by voluntary

‘There are about 200 group clinics. They are found mostly in the Middle and Far West. They are organized by doctors. Patients pay a regular Sum , Flynn and get docat tors’ services.

They help doctors more than they help patients. This, at least, is what a national committee studying the subject says. - There are medical finance companies which will pay your hospital bills outright and let you pay off the charge slowly. There are

some hsopitals which will do the same. This is costly and hardly makes an impression on the public. » ” ”

OME hospitals have made arS rangements with their medical staffs to charge patients on the “ability-to-pay” plan, accept time payments and give good reductions. Patients save, it is said, 10- to 20 per cent thus. But to the man who hasn't got $20 to pay for illness, what difference does it make to have his bill cut from $100 to $80? There are institutional group clinics—like Cornell Clinic in New York. Patients pay something. But their payments can not carry the whole cost. Hence in the end the cxistence of such institutions must depend upon philanthropy, which is another name for charity. Not a - few industrial concerns provide free health service for employes. But they are not numerous enough to be important and the service is limited and frequently .of poor character. Trade unions attempt to provide sick benefits. But only a small percentage of workers are in trade uujons. And only 13 out of.75 trade unions provide this form of aid.

n ” ”

HEN, of course, there is the health insurance written by insurance companies. But this is only for those whose incomes are substantial. The nearest approach to real health insurance is that of the hospital associations in which the members pay some fixed sum each month which may be deducted from wages in return for which they are guaranteed certain forms of medical aid. However inadequate these plans are, they testify to the grave need for a national and large-scale social approach to this problem.If such a service were to be sponsored by the government, a large part of the cost could be collected from the worker, upon the theory that medical care is something a man should pay for if he is able; and a national health insurance system can be made to work in such a way as to give him this care at a fraction of what it should cost him at present. For workers who are without the means of providing health insurance for themselves there could be a public health service, supplemented by some health insurance supported by government contributions

(Copyright, 1936, NEA Service, Inc.)

Fruits and Vegetables

cha. are - offered to

box box, (110sSc.

ss: “ §328; Noo up, By, S88 3% : 1 ncnes u > "Po. 1 Y. uw, 65; No. nches up, $1.85; inches up. : Sunkist 13s,

. Grapes, 15. 25-1b.

= United Press)

T H Water Works bs '49 Seymour Water

Indpls Water Co 3'%s ’'66

Asc Brewing & Co Fag ma

Belt Railroad & 55 Yds pid... Cent Ind Pwr pfd Ts Home Tel & ool Ft Wayne. . Hook Drugs I

Strengthen; Spinach ‘Tends Down.

Times Special WASHINGTON, Nov. 380.—With carlot arrivals liberal compared to

slowly at slightly stronger prices, |i, the United States Department of | Ot Agricultural reported today. Further gdvances were registered for potatoes, mostly 5 to 10 cents a 100 pounds in the holiday week. Most markets reported moderate supplies and fairly good demand.

cars from the week before. The cabbage and onion movement also was considerably lighter, but price trend strengthened in both products. Illinois and Wisconsin cabbage sold in Chicago at 75 to 85 cents per 75-pound crate. Yellow onions were quoted at 50 to 556 cents and white onions at 75 cents to $1.

Apple Supply Moderate

There were shipments of carrots, cauliflower, celery, lettuce, spinach and sweet potatoes. Spinach and celery eased off slightly in price. Illinois, Kentucky and Missouri spinach brought 50 to 75 cents in Chicago. Michigan highball celery crates ranged from 40 to 70 cents. Prices of apples were steady to firm, supply moderate and demand prominent.

storage stock more

| Michigan Greening, Stayman and

Baldwin bring $1.25 to $1.50 per bushel in Chicago, McIntosh and Delicious $1.50 to $2. Cranberry shipments decreased rapidly, after the Thanksgiving

1. barrel.

Local Securities

(By Indianapolis Bona and Share Corp.)

The following “quotations do not represent actual bids or offerings, but merely indicate the approximate market based on buying and selling inquiries or recent transactions.

BONDS

Citz nd 1 (TH) 4%s '61. H 1 Tel & t W Blas '4 43. el

dis Railoay Inc 5s’ ve nterstate Tel & Tel Se 53. Kokomo Water Works 6s °58..10 Morris 5 & 10 Stores 5s ’50.. Muncie Water Works 2 '65 . 103% Noblesville H LL & Ohio Tel Serv Richmond W Seymour Water Co, 5s 49 Trac & L bs

1042 105 106% 3 101% 105

Co 5s '4 frac Terminal Co 5s ’'57

STOCKS

s com.. 5

nd & Mich Elec Co pfd 7s...108 e! rv Co 5s

Southern Ind Gas & El prd 6s.1 Ferre ‘Haute Elec Co Union Title Co.

Chicago Stocks

(By Atkins, Hamill & Gates)

Prev.

Product

New York Curb |E

(By ‘Atkins, Hamill & Gates) Prev.

Alumi Ameri Am 2 Am

oy 30.—. ~Apoles--Michigan Impe

01. © Potatoes—Lou1 S0@1 .60. Carrots— bushels. 38 TY 60. Spinach—Tilinois, sdotic. Tomatoes texas | ge iar 50. TE rnia, hampers

soe." Ontons lows, 20 + Michi ellows, 45 Soc: a Set 85¢. ny

Produce Markets

saibered ln The county. w 1° Jor stock

Bicker” fi RAAT 92,o% of eggs car ar tak

Eess—MNow I strictly fresh, loss off, 31¢

crates, . $2@ crates.

SEA Mid Re Jo tad a. 3%: |

PEELE

; £5. Sg i nd Pind RES aa Buttertat-" No

1.75 | Ni

ye and | Pi

IN HOLIDAY RISE |:

Cabbage and Onion Prices|w

a Year ago, produce in Midwestern | Ear markets during the past week moved | Lon

Warren

Shipments were down nearly 1000 |

Adams Exp

‘Transamerica

market had been supplied. Prices |€ were steady at $3.75 to $4 25 per ¢

rry Co;

23 United AirY Lines Ti f

Un Aireft N

26% Trans Contl & Ww 17% Building:

° Johns Manvilie

9% yd sum. Chemicals—

nas

Eel E35

DI pa FEE

a8 FS

Ss bo Besuy

Mls

883 aR

ros ....

Air Reduction... m Ci 0)

Natl Dis (new). Schenley Dist . Téx Gulf Sulph. Union Carbide

US Indus Alco.

U Vick Che Equipments—

Am yd

increases in carlot Gen

Westingh Bee

Financial— Allegheny, Corp Am Int Cor Com Credit

41s - ht ove

as Brake he. 4 64 Fdy.. TI

45% .. 144%

. 15%; 5% ’ . 14%, . 16% Chesa Corp .... 90V

Lehman Corp ..121

Household—

Col. Pal Peet.... slow in the Middle West, with cold |

Simmons Bed.. Foods—

Am Sugar Arm Armour 6% pid. Beatrice Cream. Borden prod Cal Packing

level | Sw

Houston (mew) Mid oon Pet. . Ohio Oil

x = Oil

Pat Corp Phillip s Peat cee

oo 1%.

18% 22%

27% b!

52% 30% 46

16% 26%

en ais

U S Steel U S Steel Youngst'n

Vanadiu

76%2 .148

14 & T 83% or. 147

3 259

cee 14 Cerre De Pasco.. 69 Dome Mines ....

Kennecott Cop.. McIntyre Mine.. 4

3% . 55% 43%, . 97 24

Miscellaneous—

Allis Chalmers... Am Can

697% 22

1 Am Mach & Fdy 23%

Anchor Cap .. Brklyn Man

an Tr. Surrolighs Add.. a age

Not Cosh Reg

Ya Quens Boisie

Yellow Truc!

20%, 54% 3) Ya

23 3 Ya

. 33 1182 L198

41% 31% 23% t 32%

dE Bo i

1914

Motor Acechs—.

wart Warner.

19%

Timken Det: Axle Ih

Timken

EEQFSR0° s oF 5

ots

2 3

ji mS ~9zod 4

3 sasdansenss

aanmeane

BR ee

sas sssnnsn Sressavsees

l1 Tlinois .....i....

evans

Teesesenusenan

ShsvessEutEN Len

Sxpestssruetars

se iavessEansann

INSURANCE

11 Hi 14%

sE-gausuary

; gegusy S3usy

Se By ae rl | 8s

goguzsy

38 #R

NaS a

us Ray Kayser Fatius.

§ k

a gauss we

La . +1 FREES a a

3 a8,

g 5 Gh Suk 0

2a =

7 a]

29ggmas sogh 2 S:5atakany $u5% q00eny

130

125

TREND OF inte POWER | OF. DOLLAR Jan. 4, 1936 = 100

Stock Doller

oY Bond Deller.

f 7’

Wey ler”

~~~ Cash Doller

Admimstraive and Research Corporation New ork

Jan _ Feb Mer Apr May June July Aug Sep

Oct Nov Dec»

The purchasing power of the common stock dollar at the end of last month stood at 122.5, compared with 119.1 at the end of September, according to the monthly index of Administrative and Research Corp. The bond dollar's buying power and the purchasing power of the dollar held in cash remained virtually unchanged for the month of October. On Oct. 31, the cash dollar was 99.6, or .1 higher than at the end

of September.

GRADE CROSSING DEATHS DECLINE

Fatalities Curtailed to 118 Despite ‘Increase in Accident Total.

Times Spécial 3 WASHINGTON, Nov. 30.—Although there were more highway grade crossing accidents during August than in the corresponding month a year ago, fatalities result-

y |ing from this type of accident were

26 7 1

5 BEERE. WP MERE AS LL. BE SEzsgrse FF spiioes u areuie, sunny Spmgeeyeny

5 §

chonN SRS

aang, FS

Sande 5

curtailed, according to a report from the Association of American Railroads. In August, this year, out. of 273 accidents, 118 were killed compared to the total of 130 killed out of 248

¢ | accidents in the same month a year

ago, the report showed. Persons injured in those accidents numbered 308 during that month against 246 recorded injured in the

4 | 1935. comparative.

Total to Date 1021

Fatalities resulting from highway grade crossing accidents for the first eight months -of the Current year totaled 1027, an increase of 44 over the figure for the like period last year. The total injured during this period was 2883, and 2695 a year

in ago, according to the report.

Statistics showed that nearly 31 per cent of the accidents occurred when the train either was motionless or moving at a speed of one to nine miles per hour, the association reported.

1s New Bond Issues

(By W. L. Lyons & Co.) id. Allied Stores 4's '51......... A Ark La;

3 os -~ t 3%s ‘65..

oa EL

Gudea"

dy ch 4 1f

a8 ° Indpls

Water Yip 883s.

. » 08 iieaea,

Sesesennee

Sesh esses essere

TIN PLATE, NATIONAL MERGER POSTPONED

“Times Special

NEW YORK, Nov. 30. —Called to consider the proposed merger of McKeesport Tin Plate Co. with the National Can Co., the stockholders’ meeting this week of the McKeesport company adjourned without voting on the proposal. The board of directors, it was reported, have under consideration a new plan of merger. The new arrangement, it is said, will’ not alter the terms of exchange of stock but |. will effect the merger by a different procedure.

MAP IMPROVEMENTS

FOR GREAT NORTHERN

By United Press % ST. PAUL, Minn, Nov. -30—A vast: improvement program that may cost $30,000,000 is planned for the Great Northern Railroad, W. P. Kenney, president of the road; announced today. Extent of the improvement program will depend on the company’s continued rise in revenue. Present trends, Mr. Kenney "said, indicate that expenditures approaching the 30 million mark may be possible. Air conditioning of passenger equipment, rebuilding of more than 10,000 freight cars and purchase of new equipment will be included in the program which may exceed $10,000,000, the cost of regular maintenance. Biggest item in the program will be purchase of new rolling stock at an ‘expenditure of $6,500,000 and the next largest expenditure will be $2,-

750,000 for the rebuilding of 11,000 | ier

freight cars to make them conform with a recent ruling which requires all freight cars to be equipped with side arm trucks instead of the

, | now widely used arch bar type.

GLASS CONTRACT IS SIGNED BY CHRYSLER

By United Press

OTTAWA, Ill, Nov. 30—Con-

2 | day

cutter grades,

HOG PRICES ON 160-POUNDERS AND OVER DROP

Underweights and Packing Sows Hold Steady; Vealers Down.

Weights above 160 pounds were 5 Senile: lowes on the hog mars; toa Indianapolis Union Stockyards. Underweights and packing sows were At the close 180 to 300-pounders ranged from $9.80 to $9.95. Top price for the day was $10, paid for strictly choice weights around 250 pounds. Sows brought $8.65 to $9.35, top $9.50. Receipts totaled 11,000. Weights of 300 to 400 pounds ranged from $9.60 to $9.90; 160 to 180 pounders brought $9.50 to $9.85; 150 to 160 pounds, $9.25 to $9.80; 130 to 150 pounds, $8.75 to $9.50, and 100 to 130 pounds, $8.25 to $9.

Cattle Market Steady

The steer and yearling run consisted largely of lower grades and the market in these classes was steady to 25 cents higher with most of the sales at $6.50 to $8.50 with a few head upward to $10.50. Cows, heifers and bulls were steady.

Heifers ranged from $8.50 down.

Beef cows brought $4.25 to $4.75, the $325 to $4. Top price for weighty bulls was $5.50. Same receipts were 1800, calves 00.

Vealrs were 50 cents lower and the bulk of the better grades brought $11 to $11.50. The lamb market was steady to 25 cents lower and most of the desirable native lambs sold for $8.50 to $9. Fed western lambs were

| steady around $9. Fat ewes were

steady at $3.75 down.

. HOGS Nov. Bute, . . Receipts. 23. $9. : 8000 24. : 33

Bo the

Li htweights— 160-180) Good and

558858

Hy 11,000

d choice..$ 19a 9.8.

89 9999 ®

—

choice.

choice. choice.

39 R@mOO OL oo 3333° 3%

Good .. (275-880) Medium Slaughter Pigs— (100-140) Good a and choice..

300

(500-900)

——-

(900-1100)

Shgughas

-3 a

(1100-1300)

ROLAND PVOIVOWN IO OM IO BIR NID NNDB ARON NSN DBRS

99988 S399399389988

Mi (1300-1500) . Good

Heifers Choice ...... vee. $10. Common, medium

Good and choice. . on, medium.

(500-750)

Pkt

(750-900) Good

2ana3

soprnm WOOD Broo: kha 33335 8383

23838 89968

Good and choice - ines, 700

ao Seo 098 Je pt OD

1 (250-500) Good and choice. 'eeder and ‘Stoe Sto RR cker (000 H) amon. meta: (800-1080) Good aria choice. . Common, medium. Heifers—

Good and choice Common and medium

i . ow a3 38 232

09 9993 8d

on BI 20 DOF 3% 833% 83 22g

& 93

en Bo 3

Lambs ( 1 Cc

0-170) Sood. and halts = (Sheep ane og quotations’

bas is.) Other Livestock

ao 0 United. Press)

e @b 50, ot well-finished cho [email protected]; bulk good

1,000; calves, 2500; 2 snd light steers ood

3 me heifers, i all other roi lings, Bel rs and general run steers Ye ing over 1300-lbs., weak 25¢ lower; general killing quality plain; bids su; Sgesiing only minor 15uPplies es toppy cattle; Joa Jean medium Teh 190: eaveis 0 oy os liberal rings Bs of value

al af ¥soqio:su to k teady to stockers, 3 a lower; short fed ‘kinds sho declines; an cows and anddle rade ¢ heifers, ge 2s fo fine ES, set bul up 5, 5 Ione: $9 50 ;

tracts calling for delivery of 5,000.- | to

000 square feet of glass have.been

signed by Chrysler Corp. with Libby- sirable

Owens-Ford Glass Co.

[email protected]; no delambs sold early: one load . 0.3 ly one

§ :

HE sds

8 °F » %

15 edine

iis | SALARIES ARE RAISED

cers | National Furniture Co. here were

sc | Silberberg said.

rt | $150. und Burt E. K. Rahke, 1121 N. Pennsylvanai- | the provisions of said

to | st sy eit 5

STOCK MARKET ‘WEEK IN REVIEW

BY ELMER C. WALZER United Press Financial Editor NEW YORK, Nov. Boe A broke sharply on Monday and spent the remainder of the holiday week regaining their equilibrium with volume lightening from the recent

pace. Most of the major group regained their losses. Utilities stood out on the upside late in the week and the average approached the year’s high. Mercantile issues were in demand. Railroad equipments made new highs. Sugars were strong. Automobile issues resumed their rise after a setback. Rails looked betler Jas in the week but lacked

Special issues and a number of of odd-1ot stocks were wide gain-

ers. The Monday decline was induced mainly by the European situation which for a time took on a tenseness that worried stock market operators. Foreign markets fell when the Spanish troubles took on international significance. They steadied 'late in the week.

Dividend Flood Continues

Domestic news continued highly favorable. The. pace of industry held at the highest levels for several years. The flood of dividends continued and it was estimated increased or extra dividends declared amounted to around $150,000,000 for the week. In business statistics, electricity output made a new peak for all time; steel operations rose slightly to 74.3 per cent of capacity, against 55.4 per cent a year ago; steel prices were raised $2 to $3 a ton; retail trade rose above the previous week and was 15 to 25 per cent above a year ago; wholesale trade was up 30 to 25 per cent over 1935; building held well; it was anticipated that crude oil "would be raised 15 cents a barrel shortly. Reports for the railroads come in for October.' Those appearing thus far indicated that Class 1 railroads would show net operating income between $90,000,000 and $92,000,000 s [Or the month. That would be 22 per cent above a year ago and the best month since October, 1930. It was estimated that net income for these roads would show an aggregate 55 per cent above 1935.

100 New Locomotives

Despite the favorable income accounts for the railroads, traders were reticent about making large commitments because of uncertainties over future earnings. Some believed that if the I. C. C. refused an extension of the surcharges on freight rates the roads would show sharp reductions in income. Then, too, wage increases were anticipated further reducing income. Despite the earnings outlook, the announcement for higher prices for steel brought heavy orders for railroad equipment. New York Central led by ordering 100 naw locomotives valued at $8,600,000 and rails amounting to more than $5,000,000. These orders for locomotives sent American Locomotive and Lima Locomotive stocks to new highs for the year. The order was divided evenly between these two units—50 locomotives to each with the greater dollar value for American. Foreign currencies during the week fluctuated narrowly despite the action of the United States Trzasury in banning future gold shipments by individuals. Hereafter all gold transactions with foreign countries—only France, Great Britain, Switzerland, Holland, and Belgiuimn— will be made through stabilization funds or direct between the respective treasuries. Though the market held better than many had anticipated and though business seemed destined to hold at a high level, the price of stock exchange seats drifted lower. A membership was sold for $95,000, a new low since May 11, 1935. The drop was explained by fears the Securities and Exchange Commission would bring about segregation of broker-dealer activities.

Salary increases of 10 per cent for the entire organization of the

announced today by Mr. Norman Silberberg, general manager. The increase will affect employes in store and warehouse alike, Mr.

Money and Exchange TREASURY STATEMENT (By United Press)

: WASHINGTON Nov. 30. — Gove expenses and RR for the eprrent Has Lic to Nov. as compared wi

$3,008 SIL: Laas

Ira ace, S100 2526 8. Meridian-st, furoe Bourne, 6141 Broadway, garage, F. C. Tucker, 1728 Parker-st, repairs,

st, oS madel, 7 , 6133 Indianocla-av, ga-

650-52 -Eddy-st, 630 N. Luett-st. remodel,

Co.. 6075 E. St. Joe- : 6075 E. St. Joe-st, elec-

204 Century BN em

is Letter Service

v THIER}

LAGEING RENTS HOLD BUILDING “ACTIVITY DOW

Labor Rates, Cement Prices Force Construction Costs Higher.

Times Special NEW YORK, Nov. 30.— Building activity is still far below the pree depression level, principally because rents are lagging far behind build ing costs, according to the Alex~ ander Hamilton Institute. Rents have risen, the Institute pointed out, but not in proportion to the 32.6 per cent rise in builds ing costs since 1932. This rising cost results principally from. the high cost of common lae bor, the Institute said. Wages dee clined from an average of 54.7 cents per hour in 1929 to 42.7 cents in 1932, and then rose to 56.9 cents in September, 1936.

Material Up 22 Per Cent

Prices of all building materials except cement were under the pre depression level, although 22 per cent above the 1932 quotations, the Institute noted. The rise in the cost of building since 1932 has not prevented an expansion in the volume of building, because” it has been accompanied by a gradual rise in rents, according to the Institute. The lag which appeared in rents during the month of September, when building costs were relatively much higher than rents, and the likelihood that rents will not ads vance much before the coming year suggests that ‘a further expansion of building will be retarded, the Institute declared,

PAPER STORE PAYS BONUS Employes of the Martin Rosenberger Wall Paper Co. dre to ree ceive a bonus based on sales since last July, Robert L. Cochran, man= ager, announced today. The bonus is to be paid before Dec. 15.

Dividends Declared

rates are given in 1 stated otherwise. dollars. ang

CYP. veasus 4.25 acc Dec. 26 .00 ext Jan.

PARAL RAP I RARIP DO ND A

Tatty Lod

RANI DIN DD rae ra a DIRS EAI At ttt 0b A IX [EYEE topo

Ee eho ed RD bed hed

1a 03 a PP

555538

Westinghse El 11200 .. De Westhse --3.44 .e

El Wheeling St. a Payable ne oor cent preferred 3 rate of 5 hs Share of prefer. * com= ou Share & salculated with he retoored a EL, five 2 ear 6 per cent debenture otes

Notice to Holders of peters”

Water Company

First and Refunding Mo e Gold Bonds, 14% due January 1, 1940: Notice is hereby given to "all holders of the above mentioned Bonds, ti t Indians apolis Water oompany Jas Ei and n an n