Indianapolis Times, Indianapolis, Marion County, 2 December 1936 — Page 15

Health Insurance

PAGE 15

Stocks of domestic and foreign crude petroleum totaled 289,454,000 barrels for the week ending Nov 21, a decrease of 510,000 barrels from the week before, according to the U. S. Bureau of Mines. : 4

Plan Reported, Flynn Says.

Mn BY JOHN T. FLYNN YORK, Dec: 2-1 have

“already given. here some facts .

- ou aeAdy yiven, hers some facia and remaining well. They are important now because Congress undoubtedly is going to be asked to

to protect ‘us in ‘the presence of these = hazards. _ Some 25 countries have adopted health insurance And now, whether we go in ‘for this or not, we can not escape talking about it. The President's: Committee on Economic Insurance has made a report on the subject. It is not ~6asy to decide whether the committee recommends health insurance or not. But it did prepare a plan of such insurance and annoumn that it was making further studies. ” ” ” HE plan offers a good working basis for forming an opinion of what health insurance might be like if we were to get around to it. First, it proposed a plan by which workers might be provided with medical services during illness and the benefijs of preventive medical attention when in good health. In the event of illness the worker would get first, proper medical services, and second, partial replacement of wages lost. The plan would be for state health insurance systems, rather than Federal, following the line of the unemployment insurance plan. It would be permissive ‘and not compulsory on states. The Federal government would merely . provide minimum standards and then ‘make -available grants or subsidies to the state adopting those standards. «Two -important features of the. plan are as follows. First, the committee sisted that this was not so much a case of providing new funds as of organizing and budgeting funds now actually being expended. Vast numbers of workers are spending money for illness and disease treatments al-

ready.

HIS plan * world be (1° to organize the system on a great scale s0 as to make these expenditures smaller and to get for the . outlay more services; (2) to provide for regular monthly payments on some easy scale to enable all workers to enjoy the service, and (3) to aid the work by making large government payments to supplement the payments of workers. « Fhe other point is that no attempt should be made to change or supplement the existing medical organization. , Doctors would remain in private practice. The management of the plan would be under the control and direction of the medical profession. Every effort would be made to disrupt as little as possible the present status of the private practitioner. It is even suggested that insured persons could go on choosing their own doctors as in the case of highcost private health insurance. Without commenting on the plan and its wisdom, this is probably the only plan that could possibly be made to fit presidential approval in the light of the President's pledge to the doctors during the campaign. (Copyright, 1936, NEA Service, Inc.) tector ——

Fruits and Vegetables

otations belo aye Nations elow subject to i ofece ate

u regon ald 3 28; California Avocados .208-. i pox } Oregon D'Anjou, extra Janey (110s- > Bananas, - selected 1b. 1 N.Y. $1. Md No."1 Grimes, 2% 1 ads 3 Delicius. 2%

inches up, $3.25. N Delicious," 2) Ya pinches u od No. 1Ogigen

No. 3 Y inches up. oR fo. 1 Jonathans,

i fibgiés, No

an Ma 0%., . Celery cabbage, 8h. doz. Ses BE BR doz, ro) i ie So

20- -ounce Ploy in io

$. MID-MONTH ABOVE 1 BILLION

Program to Tide Gover ep! Over Until Taxes i Collected.

-_—T By United Press WASHINGTON, Dec. 2. «The

Treasury mid-December ‘program llay Jo Side the Sovermmuinl Over heavy tax collections a Dosw Jean

Henry Morgen thau Jr. said. Tax collections are expected to hold borrowings to a minimum for the remainder of the fiscal year. December borrowing will bring the total up to President Roosevelt’s mid-year budget estimate of

ced _-{ $750,000,000 for the 1937 fiscal year. The Treasury borrowed $450,000,000 |

on Sept. 15. Replenish Working Cash Mr. Roosevelt said borrowings would not exceed his estimate unless unforeseen needs or additional relief arose. Mr. Morgenthau, in declining to predict whether further borrowings will be necessary, said drought and relief needs affect the situation. Meanwhile, the Treasury expected to replenish its working cash balance which has dropped below the $1,000,000,000 minimum for “safety” prescribed by Mr. Morge thau by issuing $100,000,000 instead of the customary $50,000,000 weekly in short term bills during the next few weeks. These bills will be paid off in cash | ¢ March 15 when the expected heavy tax receipts arising from improved business and the 1936 revenue act are available.

Expect Large Collections

collect the most taxes in a good many years,” Secretary. Morgenthau said. “We thought it wise to ve the bills come due at that time.” In addition to the borrowing of the $300,000,000 in new cash, the Treasury will pay $400,000,00 in bills due Dec. 15 in cash and refund

due on the same date and $429,000,000 of 3 per cent notes due Feb. 15. Mr. Morgenthau said his; experts are studying all phases of the tax situation but that he did not believe that Congress would change the controversial tax on undistributed corporation earnings in time to affect the 1936 calendar year.

Local Securities

By Jadlanspolis Bona and Share Corp.) t mesel rely

“act ual bids bP de bi pproximate rol no od ‘0 n ‘Biyiae an a weiling inquiries recent tran

tz ans ESR

. Ses. La 104% STOCKS Be 3 Batre 8% Yds com. 4% 5 o ¢ Riitoad & & St xis pid... : 38% n Home Tel & rel Ft wayne. ve - 82 Hook Drugs Inc . 9 d & Mich Xise Ind Gen Serv S WR Hydro Rios To Ts ni Indpls Pwr & Lt Co Jndbls Pwr & & Co dpls Water Co pfd 5 - ERIE Gran Indpls Pwr & "Lt ‘Co pid 8s...

Trac °F Water Co 3

Unlisted Stocks

(By Blythe & Co.) Bid.

*Bankers Trust ......ceco.... 68%2 *Central Hanover .. hse

Aon ULRCLUTETS «sso National City FE National Shawmut . First National Boston . FIRE INSURANCE Aetna Fire Insurance ........ 52 American Ins of Newark’ wee?

Baltimore Amer City of New Yor ogy seins veers 28 re Liu. Sanat es 32

cesiaverss OT

Money and Exchange

INDIANAPOLIS STATEMENT

SuugrusIauey

penses and receip ex ERNE

zdiE

INANCING TO BE| |

planned a $1,487,000,000 financing -

N= | RKO

“Our estimates are that we will 58 Lone

$358,000,000 of 2% per cent notes|

HRS ORR SS 4

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111

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JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEP. OCT., NOV. DEC.

The favorable trend in business activity continued for the past week, aided by the rising tide of dividend and bonus payments. The.

Administrative and Research Corp. weekly index of business activity

increased to 98.3 for the week ended Nov. 21. This compared with 96.4 for the previous week and 82.1 for the 1935 period.

New York Stocks

(By Thomson. & McKinnon)

High. - Amusements— Radio .. 30 en ave 3h ows oe cesses BV Radio Corp ..... 1% “ae 8 20th Century Fox 37 Warner ary «eo 16% Avion Aviation 6% Boeing alrerts . 38 Mrtiss Wr (A) 21% Douglas Alr .... Nor Am Av..... 1% or td Tir Eines.” 1 He Utd Aircraft new 3 Trans Cntl & W 17%

anville. 140 Linby. oa Gls 18% . Elev. 3 sum. ..120 Warren Bros ... 10% Chemicals—

Low,

ti 80 Air Reduction. % 2

Allied Chem Am Com Alootiol 32

Nett “bis new) 30 Schenley eB Union Carbide. oa 133

U 8 In Zn’ Hous Prod. S11

ves 45 Seni 3 Elec 3 Financial— : Adams ees 16%

hey” Corp. in

Comm Invst Trst Ph Trans america «17% age

Suger Seams i di Oe

Household— Col Pal Peet ... 17% 34 22% . 28% 52% 30% Simmons Bed ves Mining— Alaska Jun .... Am Metals Am Smelt 97 fotemas, ii: 4 Cerro Pasco. 6 si .. B% . a

: sive : 87% 41% . Bs

41% Us ‘Bmelters ees Vanadium Be

14 PN yo

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ebaker i... i = to! 4 a Bendix .......... 3 Warn “wn

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456% 45

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2 wa

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Prev. 30Y, 83%

11%, 7% 37%

16% | ri,

Bo st. & Co 1 Pirst Nail Stores

Pacftic ..... 13% 13% Can 3 a 7o a

1 $7 tO Atch_T $11.50 ‘for choice ‘weights around |aim w Heifers ranged from [Am

1250- POUNDERS BRING $10 TOP IN HOG MARKET

Other Classes. Hold Steady * At Previous Prices at Stockyards:

A $10 top for strictly choice hogs weighing: around 250 pounds devel oped today the Indianapolis Union Stockyards. Ofher trading was active and steady. ae Porkers weighing . 180 to 300 pounds sold for $9.80 to $9.95 and the 300 to 400-pound class ranged from $9.60 to $9.90. Sows were quoted at $8.65 to $9.40, top $9.50. Receipts totaled 9000 compared to 14,000 yesterday. In the lightweight divisions the 160 to 180-pounders ranged from $9.50 to $9.85; 150 to 160-pound

150 pounds, $8.75 to $9.50 and the 100 to 130-pound class were $8.25 to : ;

Steers, Heifers Steady

" Steers and heifers were fully steady. and ‘the run of 1200 cattle

consisted mostly of ‘in-between and lower grades. Cows were weak and bull ‘prices. showed a tendency to ease. Most steers and yearlings sold for "$10.25. The steer top was

1100 pounds. $4.50 to $7.50. Beef cows were $4 to

4 38 1 $4.75; the cutter grades, $3 to $3.75.

& 8

bas! West AR aryiand. . Retail Stores— Allied Stores .. Goods

ES ° =a

WZ 28 culERR 3 > AER 5 cubEEBanlawi bhRe SERINE

Gimbel 4 Ua 1

Ya Kresge 8 8......

Bd RS

Rroget Qroo re RH.

Suoaune esis

Ss J 8 Rubber ‘pid. Steely Acme Steel Am Roll

Cru te Inland 8 .120 Keystone Steel. . 35 Ludlum Stee ess Mid Steel ...... 4374 Natl Steel PONE |

Tobaccos— Am Tobacco

3 Ehilip Tob ‘B. 59% Utilities—

Am & FOL Pwr.

Am Wat

td Gas Gita Corp Webster F280

ran

Western Union . 89 80 Chicago Stocks (By Atkins, Hamill & Gates)

Prev. close.

tian, Bh : 1 | Central liiois ‘Pub Service. .

Cities. Serv. Cord Co

New York Curb [§:

‘(By Atkins, Hamill & Gates) _

ID rt 16 Bearing o.oo

asa

= ii ‘A...

: Medium y Weights —

Good 4 | Comm

178 | Mediu 4

r Vealers were ‘steady with receipts totaling 700 and most of the better grades brought $11 to $11.50. Lamb prices were steady. The run of 1500 was comprised almost entirely of natives. The bulk of the

3 better grades sold for $38.50 to $8.75.

Slaughter sheep were steady and fat ewes brought $3.50 down. mii

Light es

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choice. .

Ba choice. . 0-290) Good and

choice. , (190-350) Good and choice. Packin

275. 5507 PY exude . § ) Good

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8% kgz 88 E 2 at

(425- 530) Good . 4 T8580) Mediu v's Ena aughter (100-140 )" Good and choice.. 8.

ed 9998 VO ovo Oo

; -—Receipts, 1200— (500-800) C

Tak anh mmon

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eoanvanss 10, 9

fediUum ...oenseee Common ..ses.ees Shoes vee nnnsainy-10; Medi um “lll Shoice’ vends dawainine 304

(800-1100)

(1100-1300)

(1300-1500) '

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2338s Lo

on and med: Low cutter and rm Bulls, good Cytter, com. and med. bulk... Y. Vealers —Receipts, 700— Good and choice :

223d BIR: powsa © ghaas

29090

pt on OOM

(250-500) Sood and choice..$ 6 on, medium. 4, ro and Stocker Cattle (500-800) Good and choice. .$ Common, medium. (800-1050) Good and choice.. Common, medium. Heifers—

and choice Common and medium... SHEEP AND LAMBS —Receipts, 1500—

83 23%

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Lambs— Choice

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Ev es0-170) Good and choice... 2.75 ommon, medium.. 1.76 (Sheep and lamb quotations on

bas Other Livestock

3.50 clipped

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weights. were $9.25 to $9.80; 130 to|3s

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New York Bonds

(Reprint Tom Late Times Yesterday) ‘DAILY ‘BOND INDEX (1926 Average Equals 100) 20

sessnabve esterday sees

i 8 a oa Sorimmer T BONDS (By F. 8. Mosely & Co.)

srEssssssessena

. Close 121.18 Sirsa sevasnees 116.8 vesesesssenssss 110.13 10.31

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Federal Farm Mortgage Cop.

crieenabioneas 108 rT seus sissnnnavis - 33.3 104.25

Today’s Bond Leaders— oul, ment 4s ‘45 RS Colo and Sou'R Se igo"... Phila and ‘Reading 6s '49 .

Am Fr Pp

Beth Breel 4 Chi’ Milw & 8% Pp 8s 75 .... Chi Milw

Chi yest P 5s 2000...... eve Cleve Us oa Term 41 4%s "7 0 Can Pac Pe Cent Pac 5s 160 ve

New Bond Fm

(By W. L. Lyons & Co.)

sss es .

103%

Aled Stores 413 '51 oon k La Ga ’51..

Argentine Rep, 4%s i. ss'd Tel

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s 66 07 New England Pow 3:3 ’81.... N¥ Stato 2 Blec Ging Ss & Brees Shs fas: =

Peo Penna Tel 4s

Sgumsare. ;

“ii Tieilagen

Whee & Sun’ Svs he, 46 evesneese 100%

Chicago Crain Futures

(By James E. Bennett & Soa High Low A.M. 128 $133% s124 BR Sow “ion % 019

46% .46 - 42% 91% 94 88%

1.36 1.36

l. 33% 19%; 1 07%

1.09%, 1.03% Yi

1.09% 1.03% 98%

93% 88% 1.35% 1.35%

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Western Mary 5%s *T7....... Western Union 5s ’60 . Youngstown 5 & T 4s 61 ... Youngstown 8S & T 3%s ’51.. FOREIGN Argentine (A) 6s ses..1023% Australia Alas ’56. . ie | Br razil 8s 41 ;

fevssssessssaas

Cesar eu aes 113012 165 esesssssesess 23 siesssecess 302 Italy 7s 51 ..... ccssessssses., 82 3 an 81s 84 iiiiiisivieee 89% gland os MY keen 73 Roan 8 8% ii iciinnnennies 08% ceceserinne 81%

Tokohamha 6s '61 .. Dividends Declared Dividend rates are Yep 10 in dollars, and and

cents unless stated ot Rate Per’d Payable

2 Ase Wire

Am Cml Chm \rnof Constable’ Xr. Bristo vd i ext .50 ext Q

Heidelben ‘ay | "08 init Dec. [mperial @

‘ob .. .08% Dec. 3 Mother e al... 12% .. Dec. 21 6.25 acc Nov. 30 ..« 6.00 ace fan. i °38 3 ext Nay: . 32 Det 25 ext Dec. 22 Dec.

is He RLR 8 BI C Bros vie py. Q .

Dec. 21 38jmmons-Bord- - n Pub p... 1.00 .. Dec. 15 Strom! Sarl Tel 6 .

«ess 3.25 ace Dec. 24 i po arl «+ Dec. 25 05 ext Jan. 2 10 Q Jan. 2 ° cress 1.25 ext Dec. 21 iveeses 175 @Q Mar, 1 cesses 1.75 Q June 1

Dec. Nov. 25

Nov, 25 Nov. v2

Dec. 10 Feb. 20 May 20. Aug. 20 Nov. 20 Dec. 10

ceases 1.75 @Q Sept. 1 «+ 175 Q Dec. 1 25 Q Dec. 21 50 init Dec. 1 1.00 Dec. 21 .10 ext Jan. 2 20 Q Jan. 2

Dec. 1 Nov. 30 Dec. 19 Dec. 19

mpany for shares common held, payable December 24 to stock of record December

bPayable in preferred stock valued at $100 Der shar 1°34 Tehare of preferred stock, payable fe December 15 to stock of record De-

and

Announcement..

The directors and stockholders of

BRIGHTWOOD STATE BANK

THE STATE BANK OF MASSACHUSETTS AVE.

at | the close of business December 15th, 1936, will liquidate these two banking institutions and

pay off all depositors in full including interest on savings accounts. ;

On December 16, 1936, at these same locations -and in the same quarters, branch banks to be known as the BRIGHTWOOD BRANCH ‘and the MASSACHUSETTS AVENUE BRANCH wil bt opehed by :

- -.

8 1 clover, [email protected]; No.

5 Admini step Ad stered Fund 2n

Exports Gain 20 Per - On September; Imports Show Decline.

By United Press

‘and imports $212,001,000, giving the United States a favorable trade balance of $52,707,000 for the month, the Department of Come merce reported today. Exports, were 20 per cent higher than September ‘while imports de= clined 2 per cent. The department said the export gain was largely seasonal while the import decline

was contrary to usual seasonal movement. Exports were $220,149,000 in Sepe tember and $221,296,000 in October, 1935, while September imports were $215,659,000 and $189,357,000 in October, 1935.

Some Exports Drop

The increase over October, 1035, was attributed principally to larger shipments of unmanufactured cote ton and tobacco and of manuface tured articles, including machinery, vehicles, iron and steel products. Exports which dropped below Oc= tober, 1935, were fresh apples, canned fruits and coal tar products, Imports, which increased during

the period, were meats, grains, feeds, fruits, nuts, cocoa, alcoholic beverages, crude rubber, flax seed,

# | newsprint, tin and fertilizers,

Imports declining were vegetable oils, raw silk, coffee, tallow, hides, fur skins and leather. The October figures gave the United States a favorable trade bale ance for the first 10 months of 1936

13] of $20,092000 compared with $98,«

435,000 ‘for the same period of 1935,

LOCAL CASH MARKET

City grain elevators are paying $1.14 for No. 1 red wheat. Other grades on thelr merits. Cash corn new No. 3 yellow, 93s. Oats, 40¢c, Hay—No. 1 timothy, $15.50@16; No, 1 alfalf first cutting, [email protected]; ‘second ~ : ting, [email protected]. 5

Investment Trusts (By Thomas D. Sheeria & Company) 3d an. vi 3

{aed Ds Shi road Sirest In Inyestin ages

ed op te Sha 5c’ S . vidend “Shares Ss, $a ares ieneral Investors I an os

COL Lo

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ha tt get Sr BBpee ISH aghabraskank

vis . Trustee Stan ofaiares ‘Al, rustee 8p.

Tru. ie United Standard Oilfunds . * Ex-Dividend.

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