Indianapolis Times, Indianapolis, Marion County, 10 December 1936 — Page 25

~ enemies are. . They are all about, arming, boast-

‘Aires speech.

a : oA

1e President Digs Up an Enemy, + Flynn Says.

YORK, Dec. 10.—During the last three years in which “We have been spending so much ‘money on our naval and military ces. many people opposed to the policy have asked—whom are we arming against? Where is our enemy? If yougotoa French m a n and ask where his enemy is, he will point to the warlike German Nazi regime at his north, to the equally swaggering Italian jingoes to the ; " southeast. Ask 8 German or a Russian where his He can tell you.

ing, threatening, plotting against the peace of the world. But if you ask an American where his enemies are, he will not be able to tell you. If he says ~ Japan and you ask him what our . quarrel with Japan is he will not be able to tell you. The truth is that we have no quarrel with Japan and that the only way we could get into war with Japan would be by provoking it ourselves by meddling in things which are none of our business. » ” ” ET we spend billions upon armaments—Ileading the world in our expenditures. The only reagon we are not spending more money on naval vessels now is because we have not the yards: to build more ships, But presently we will have the room. And promptly the President indicates that he will approve the building of two new battleships at $560,000,-

000, .A year ago the admirals

Jaunched a program for two battleships at $50,000,000. The President said we must. pay no attention to the admirals. But the ad- _ mirals, it turns out, knew what they were talking about. The Chief - of Staff of the Army calls for the organization of an enlisted reserve and a continuation of rearmament and re-equipment program. Last week they indicated what this means. It means putting another hundred million into the Army this ear, y Of course this armament pro- ~ gram can not go on unless the people can be convinced that we have an enemy somewhere. We must dig up a menace to support this military expansion. And the President now has dug up an enemy. Apparently he has been talking to newspaper men about it. - And he hints at it in-his Buenos Indeed that hint was the one important thing in that speech. ” ” 2 HE menace is the fear that some of the land-hungry nations of Europe will cross the Atlantic and capture parts of South America. . One wonders what land-hungry European nations will do this?

How will they cross the ocean? In what? We are fond of talking ‘about the manner in which dis-

tance has been abolished and people have been brought closer together by modern transportation. But it still takes more ships than Italy has or Germany has or both ‘of them have put together to send an army across the Atlantic, with armaments and munitions to put up a fight against any two or three South American countries banded together to resist. . Of course airplanes are devastating and terrifying. But Germany

“could not conquer a South Amer-

jean country with airplanes. She

. would need soldiers to follow up

the air attack and occupy the country assaulted. The world has alarms enough in it—military menaces in abundance without inventing fresh ones. But the invasion of South Amerjca by an Eurpoean country—Italy or Germany or both—is a bogey unworthy of the President. It is . good only to excuse further vast outlays on ships and guns and other military toys. (Copyright, 1936, NEA Service, Inc.)

Fruits and Vegetables anise tons, belo, Sle fo RR uyvers >y Jocal commission dealers.)

Bose. 265: California A Avoca

20s-24s, Anjou, extra fancy

oy Loon 8 sg ounce 2% ! No. 1 ind LE Ae hed

No. 1 Stay-

C. 1 ruit_—Texas Kumanats crate, 4-dos. es. 35.1b,

PhS,

$2.50. oa

rr 0 oo En Re $1. Th: |e aca: $e

i 15 2 Chives: dos: po

5c 3% . $1.36,

ii ay

: rp i

ne .50;

Cin a 1 8-1b. 50.

(By United Press) 3 ed Mich! Dec. | 10.—Apples— igan

$1.50 svi inde Porto @1.70. Carimo @ bo finch 1iii-

LACE

Golden | Se

less,

PAGE 24

CENSUS SHOWS SALES INCREASE IN INDIANAPOLIS

5244 Stores in Marion County Gain 34 Per Cent Over 1933.

Final figures in the 1935 census of business, released today showed that Indianapolis. and Marion County retail sales last year were 34 per cent above the 1933 total. According to the announcement of William L. Austin, Census Bureau director, 4757 Indianapolis stores reported a sales tot $139,084,000 for the year. The figure for the total 5244 stores in Marion County was slightly higher, $145,044,000. Recovery in Indianapolis was slightly below the Indiana level, the census figures revealed. Total sales

$780,508,000, it was reported, 37 per cent above the 1933 total.

Gary Heads List

Gary's 70 per cent increase in the two years topped the state’s recovery swing, the census tables showed,

with Muncie, second, reporting a 45 per cent gain, Similarly, aceording to the bureau’s figures, Lake and Delaware, each with a gain of 46 per cent, led the Indiana counties in 1935. The 20,712 employes of Indianapolis retail stores shared a 1835 pay roll of $18,911,000, the report

stores pay rolls totaled $49,000. The census also indicated an increase of 242 retail establishments in Indianapolis during the twoyear- period.

Chicago Stocks

(By Atkins, Hamill & Gates) Prev.

Adams Manufacturing Allied Products y Asbestos Manufacturing ...... Associate Investors Bastien Blessing

Bruce E L Central Illinois Publ Service.. Cities Service

Gonsoliaated Biscuit ... Continental Steel Dayton Rubber Economical Dru Electrical House! General Household . Great Lakes Dredge .

New York Curb

(By Atkins, Hamill & Gates) > Prev.

Noon Aluminum Co of America " American Cynamid Am Gas and Electric Am Superpower ‘ Arkansas Natural Gas °‘A’.... Atlas Corp Bower Roller Rearing Cooper Bessem Canadian Thdust Alcohol “‘A’.. Carrier . Corp Creole Pete Cor Electric Bond +l] Share Fisk Rubber

PF A Greenfield Tap as Die Corp.. Gulf Oil Penn Rumble Oil oo Refining Co.. Imperial Oil Interhational Vitamin Cities Servic Lion Oil Niagara Hudson Power Mueller Brass Penroad Corp . Pierce Governor Root Petroleum

Local Securities

(By Indianapolis Bona and Share Corp.) Tbe following quotations do not represent actual bids or ‘offerings, but merely DAGEd on. ‘Dari ron aa eng et 1 an recent Panractionay

ry 1m BONDS ts Ing Tel (TH) 434s ‘OL... Tel & Tel Ev she 5. 108 H To & TO FCW 6 104%

(napls Ratlway I Sr. x | REE WR 0 ne 55, "ei

quiries or

104% 105 1 108 Ya

iin

108

03 10 104 105 “80%

ee a A “

je"

58 57 ..... T8

ite of df

#8 100% i 3 5 8° | ie: 8 8 Bu

caves 108

caneve:102 105

Neeser ssrenssese

vissnssess cman eves 35,093

SR I esis

in the state’s 42,471 stores were | tex

showed, while Beech Grove retail C

Cc toh

Ameri g Franklin Fire

THURSDAY, DECEMBER 10, 198°

(By Thomson & McKinnon)

Warner Bros ... 1%

i Aviation oh Aviation Lorp .. #% 4 ee it > oo 30% Joa Ww% a

i ns 117s 4578 Alr 1 Vive | unig Auvit ew so¥s ‘Arans vond-wst sve

Building— 4m. Raaiator ae 2%

us us a . Warren DUS ee

Chemicals—

Air Reducuon Alliea cued... 4 Am com aicohol oz Col Caruvon com puiveats ... pu bune rIEepory, Tex . LIGUIA UAIY eee Maa AKall os .. monsanu Chem. Natl Ls (uew).

.. 18%

Union Larbige ..1ud VU 8 inaus &icohl si

Drugs— Lambert Lenn & un Orug wew) . Equipments—

Am Brake Shoe. 66 AD Lar a. ray.. b4% wh

pr aso Fdy . Bald Loco

veresee 19% K.... lov 1278

. luvs Dive . DdYe 28 74 Puuman ine .... 64% West All BF .... 40% Wesuingn silec...le0v4

' Financial Adams Exp Al

Foods—

Am Sugar eves.s 56Y%2 Anus 6% pid. 80% rmour Borde n Prod’. . a7 :

rity Bak 1 8 Porto Rico Sug 31% Std Brands 15 Swift & Co .... 24 United Fruit ... 5%

I Wrigley

Household— Col Pal Peet ... Congoleum 3 Kelvinator Mohawk Carpet. Zig Proc & Gamble. 53% Servel Inc Simmons Bed .

Mining— Alaska Jun

ec. ‘ Cerro De Pasco. Dome Mines ... 4 ng Cop oy os

Miscellaneous—

Ae Shaimets ve 113%

Anchor Cap . 19% 3rklyn Man Tr. jae 1G Add . 30%

Contl C 67 Caterpillar Track 39 Crown Cork

White Mtrs Yellow Truck

Motor Access—

level | 3g

Stew Warner . Timken Det Axle Timken Roll

Unlisted Stocks (By Blythe & Co.)

Bid. ed. Bankers: Trust ..... Ask

Central Hanover .. eb re 120

334

awmut First National To ton

Aetna’ Pire_ Insurance .: American Ins of Newark

0 Canto vss ives Home Insurance . Hanover Fire

®t esr assvecen

sassesassecenanss

ft det St ed J ed FREER

Chicago Grain Futures

ry WR § im i

seavssnns sesassvnn

Fivaaenas ay Corr

ee 3

ssescnnns agwreviiy i Soy Beans To

WeSC saan Sharer.

2 Intl Hydro Elec, 6s 4

|" New York Stock Bir Em

1 ER

Cont of Del ... Houston 1 . id Cont Pe

S8=8%

Jd ps a "

AE eR 3 Gn ;

Elymoun On. Pure Oil

on On or Cal.. Rails—

Atchison ..... Atl Coast Lines B & O

a A &

Ill Central Lehigh Valley . M

RR Union Pac 1 West Maryland. .

Retail Stores— Allied hoes . “dh Assd

woe

BEaRVRIR SER FHSS

Bes: First Natl Stores & Gimbel Bros ... 25 Kresge 8 8 ..... Kroger Gros «eo 23% Macy R H . « 58 .° McCrory st oes 199% McLellan 8 "

dbsismEnst

Ft IER FEFESE

& a8 FE

66% 668% 65

Mont Ward ..... 66%

Ya Reynolds Tob ‘B’

8 we ae HE pe

= 0

ERE x

S88

agegey

Ras $e 1%

- ia .- = Celanese Corp . tt Peabody.

Collin A Aikman. . : in ose’

Ind Real

Am Tobacco ‘A’. 97% ERE b 8s. Lig & fiyers s ‘B’.108 ee Konad 20es sane

97 98?

Delisies

Am & 7% Am Fower & & Lit 127s AT&T + .189 Am Wat Wks... 25% 35% Col 1 Gas & JBieo. . Th He «45 3, 53 22% . 21%

Ya 11% 188

50 434 x

auth Un Gas, Im bp 141y Ut Pwr ig Western aE 261 .85

PORKER PRICES

1 $9.25; 130 to 140 pounds

New

York —

(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Average pl od Un

Ings.

(Copyright, 1936, by Standard Statistics) (By *F. 8. Moseley ‘& Co.) U. 8S. GOVERNMENT BONDS Prev. Close. Close. 121.23 116.5

Treasurys

®eesceneqeetetee esse csteetesven

: 1955- -60 “Home

Federal Farm Mortgage Corp.

1949 105.6 105.8 1942-47 ...ioiviiiiiien 104.27 105.9

DOMESTIC Today’s Bond Leatotbe . 81%a 37% 46%

i Grt West R R he 59.

New Bond Issues

(By W. L. Lyons & Co.) Bid Ask

Allied Stores 418 Bleseconses 100% Are By “Rep 4 4%s "71. i»108 rgen esssecee Ased Tel 4 65... -

v -1084 Amer el” & Tel 25 61. Sra 4 . . 4 01

02 1a 108% & BE 3s seaassssess+104% Cleve Tractor 58 '45...6.......103 Comm Credit 3s *31.......... 01 107%

y P .102 Cudahy P s ’50 .103% Ediso: u +108 Goodrich 4%s ’56 «e.e101

Gulf States Steel 4s *61. vo iiies Indpls Water 3s ’66. 3 Iowa Sou Util a

223222222278

c G & E 3s ’6 Seas es isc Pub Sve 4s Ln one a

00.0 | Alles Corp 5s

91 Alleg Corp bs

447 ¢

Sepublic of Cu Cun ‘Bios 48 .... aars a ea t Louis 8 T 4)3s "78 ... igi Has =

Close 44 Liieevseses 101 40 Liiececeeess 98 150 ....0eeeneee 90%2

81%; reas 113% %

Alleg Corp bs

Perp 199 Cent _Pac 58 60 ...cooveee...103% Big Four th MT cesecnnssess 98Y2

Ble einves 102% Co. piso & So ai4s’ '80 ive. 16 Shi & West Ind 4s ’52 «ses.108 Chi & Nor West 4%s 49 .... 15 Con Cnn 48 ’51 ..106% Chesa Corp 58 *47 ............152 Del & Huds 48 "43 ...oiiivnes ++ 3004

sesssnsneas 69 87

essssvsse

Hu si & $e "63. 1 @] . iL Gent 5 of [nterbo

ntern ntern

2 & I 1% ae DLE. case high Valley 4s 00s. 3 1 8 50. Lied 67. . 69

McKess & Rob

Ds Nioker Flat ates Nickel Plate 8125 tg N¥ 8 mt avs 2018 en’ 8: N ¥Y Cent: Conv 3 Pac 3s 2

mg. reanlity

4. 000esile 104

Be 70... 41

Shen Union O1

on he ta Sou Rail 48

. 6s "48 ...... 0 "61 “esas

Youngstown S & T 4s *6] . ite 5 Youngstown 8 & T 3%s "51° 181

FOREIGN 8s °57 sesereenne 10315

Argentina A 2 3 56 ...

Australia 48 Brazil 8 ul

Tokyo City Yas 61 iain Yokohama 6s ’

ta Mediu aun et No HE 5 Ls 3

: | Common coon Low doo and: cutter........ ] Cutter, com.

CONTINUE DROP AT STOCKYARDS

160 to 150-Pounders Down 10 Cents; ‘Other Weights Decline More.

Further declines from the highs of the first of the week were recorded in the hog market today at the Indianapolis Union Stockyards. Weights of 160 to 250 pounds were 10 cents lower; 250 to 300 pounders were off 15 cents and weights of 300 pounds and over dropped 20 cents. Light-lights and pigs were steady. j [Recipe totaled 7000 with 347 holdovers. At the close, 160 to 180-pound a sold for $10; 180 to 200 pounds were $10.50; 200 to 225 pounds, $10.10, and 225 to 250pounders brought $10.15. Sows were 10 to 15 cents lower and most sales ranged from $8.75 to $9.40, top, $9.50.

Cattle Market Steady

Weights of 250 to 175 pounds were $10.05, those of 275 to 300 pounds were $10; 300 to 325 pounds were

% 10.85; 325 to 350 pounds, $9.75; 350

to 400 pounds, $9.60; 150 to 160 pounds, $9.50; 140 to 150 pounds,

130 pounds, $8.75; 110 to 120 pounds, $8.50, and 100 to 110 pounds, $8.25. All ‘killing clases of cattle were steady. Steer sales from $7.50 to $10, top $10.60. A few heif-

lers sold for $10 with most other

sales at $5.50 to $7.50. Beef cows were $4.25 to $5, the cutter grades, |c $3 to $4. Top prices for sausage bulls was $5.50. Receipts totaled 800 cattle and 600 calves. The vealer market was sharply higher and prices were up 50 cents and more with trade éxiremely ac-

>| tive. Top price recorded was $12.50

and $12 was paid freely. Lambs were steady to 25 cents higher on a run of 3500 The bulk of better grade natives sold for $8.50 to $8.75 and most .fed Westerns went at the higher price. Top price

| for natives was $9. Slaughter sheep 44 | were steady and fat’ ewes sold at

$3.50 down. Receipts. 10,000 00

HO Dee. 8. 0 So lo, 10 . 7 15 5. fgg: .20 0.20 7 10: 20 7 8. 10.20 10

9, #1 h 10. 5.30819, 10. 10 ois 7000 hts Ligh (140-180) Good and choice. $ 8.010000 Mghtweights 599 3:b0 160-180) Good and choice: . [email protected] .06 9. in 30

ill Ed wnt spe Heavyweights— £10.88- +

Good and choice. . Clood and choice. .

10.10:

BOOM eer sreransss

ssssessssses

Good Medium "ears "Good and cholce.. . Medium :

sesh acsn

CATTLE —Receipts, 600— (550-900) Choice

275-550, ar hter P; (100-140)

STN

Comm sessesages (900-1100) mE ;

Medi 399 »

9 ba RONONGI GY

®scsgeresn

a LOIBDAIOO MIND

ssesssscne

Bardon

fod

scessesanse

: Medi 11300-1500) Choice. : Good ......vviaees

4 Heifers (500-750) Choice Sassen eeb ace Sept

8 Common, medium. 4. Cows

sail la $ Bes 1 (wg 8

om OO

cohone 8883 28

evedinerdlinens Paik.

, and med. buik e's lds - ;

| Good | good, ana’ motes no ey i Cull and medium aviwavevane. 3 Calves

(250-500) Sgod and | Shoice. 3 $908 83% on pr Phan Cattle ot (500-800) Good and choice..$ sua Common, medium. (800-1050) Good od choise. » ’ Common, medium Hettors TS

od and choice. Bass ats kas and medium . Ni

5: 8 E E La 8 —Receipts, 3500—

Sesssscssssanen

Lambs— Choice Goold... .avnean. ous

avsavesveavsvey

Me 90-170) Good and choice...

mmon, medium. . ba npep and lamb quotations on

Money tn

|| New Business Books

- Available. at Library

down by the Supreme Court, largely within recent years 8.

A NATIONAL TRANSPORTATION

X, A study ie I differer agencies

En ny “INTERVIEW, v Mervin L. Lane. The author describes what he did and what he said to get favorable interviews with typical prospects for life insurance. AN INTRODUCTION 'TO TRANSCRIPTION, By Elizabeth S. Adams. Tells the stenographer how to. Di tuate, hen to sonsult Bow dtetionary an is the only kind that | Bas ord value.

, $9; 120 to

FURTHER GAINS ARE PREDICTED

Taxation and Labor Are Sole Threats to Prosperity, Speakers Say,

Speakers at the Marketing Research Club dinner-meeting last

ht at’°the Athenaeum saw few ds on the business horizon as they painted the picture of present commercial conditions. the talks of eight speakers before him, Charlton N. Carter, Spradling, Carter & Jordan associate, said only threats of increased taxation and the probable attempt of labor to consolidate its position are likely to hinder the up‘ward swing of business. Increases in building were expécted 'to boom heavy goods industries further and to make necessary purchase of new oad equipment. Farm purchasing power, as a result of continued benefit payments and the price rise, was seen at 98 per cent of normal. Automotive production, it was predicted, will remain at its 1936 level. Continuation of ‘centralized control of industry was predicted, and a tendency in’ certain industries toward a voluntary codification of fair practices somewhat similar to ;the NRA was noted,

Investment Trusts (By Thomas D. Sheerin & Co.)

NI ni 8 ®

- Sal baa 0363803 53 jet

13:28 | 3480.

Chester's ~ Program

, 796,394, the Treasury announced today, This meant that if this money, were distributed equally among every - person in the nation, each would have $50.21.

12-POINT PLAN 1S OFFERED T0 HELP JOBLESS

Em« bodies industry’s Obligation to Public.

BY RONALD G. YVAN TINE United Press Staff Correspondent NEW YORK, Dec. 10.—Industry can not “sit back and enjoy the fruits of prosperity,” but must “abe sorb all of the unemployed possible,” C. M. Chester, , president of the National Association of Manuface turers, declared yesterday in an appeal for constructive co-operation of government and industry. He offered a 12-point program embodying “industry’s obligations to ihe public” to 1000 of the nation's leading manufacturers meeting in the open session of the Congress of Aten Industry. imultaneously, he declared that —_— and management must have the good sense to arrive at a better understanding, so that labor can be sure of wages sufficient to allow them to live according to American standards and so that capital can make commitments free of future prospects of strife.”

. Calls for Unity

“These are not times for rifts in labor, in capital, in government in the nation,” he said. “Unity is needed to give the people that which {hey want most, a life of peace and plenty.” Mr. Chester, chairman of General Foods Corp., said a canvass of firms employing nearly 1,600,000 persons disclosed that employment among N. A. M. member companies actually was 106 per cent of the 1029 level instead of the 90 to 95 per cent generally estmated. “Qur job,” he said, “isto absorb all of the unempolyed possible—to bend every effort of science and mansgemens skill to create still niore jo

Agalist 30-Hovr Week

~ He recommended that industry join in creating a national depress sion study committee to chart depression cycles and obtain knowl. cdge to help eliminate or mitigate periods of business disruption. “Both business and government should seek to learn the lessons of the depression ere the catastrophe repeats itself,” he said. Mr. Chester indirectly warned that industry would oppose any effort by the next Congress to enact legislation embodying principles of the 30-hour work week. Such a law, he argued, would interrupt the natural recovery processes. “Multiplying products — creating

3 more things—this is the American

formula for prosperity,” he declared.

Building Permits Church of Our E Redeemer. Fairfield and

avs, re! Amer a Das East: vator ee ok 158 st, tle 43000 N. Pennsyle

serve ‘Loan Lif vani or re nh; A ‘Wickers, po Arrow-av, repairs,

Earl Newport. 4218 Cornelius-av, repairs,

Nick 3k Noe. 801-11 B. 14th°sé,. roofing, $150, H, Walker, 342 Sanders-st, $y

we: BO era, 1403 College-av, repairs, Romer Electric Co., 106 8, Meridian-st, pap ion t Co., 846 N. Meridian-st, reBal Park Wrecking Co., 1631 Howard-st, bh nas fara Construction Co., 2019 N. Tiiiner Gorp., 708. W. Morris

st 0 hinge Py ler ‘co. 828-30 E. Washing

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