Indianapolis Times, Indianapolis, Marion County, 16 December 1936 — Page 17

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Trey

War Invades Rights

Abreast of The Times on Finance

Exchange

WEDNESDAY, DECEMBER 16, 1936

PAGE 17

ployes of the exchange wei

The New York Stock Exchange has cut the dues of members from $250 to $200 for the first quarter of

1937 to become effective Jan. 1. ¢ also raised.

Cuts Dues

Wages of some em-

Of the Citizens,

Flynn Says. BY JOHN T. FLYNN..}|

EW YORK, Dec. 16.—The War Department has a plan to control prices and to draft industry in the event this country is drawn

into another war. There are some features of it which are interesting The Senate Munitions Committee has a bill pending, the aims of which is to take the profits out of war. Many devices are iInvoked for this purpose. But the chief one is taxes—taxes to pay for war while it is being fought instead of on borrowed funds; taxes to prevent | any one from | making a lot of money out of a

national disaster, This bill has been approved by the Munitions Committee, the Military Affairs Committee and the Finance Committee. But of course the bill had some critics. And the favorite complaint of the critics was it was a plan to change our form of government and our economic and social system during a war. .

rT & nw of that War Department's plan becomes significant. It gives the Government the right to fix prices of all war materials and commodities. It authorizes the President to close all commodity and secur- | ity exchanges and to regulate them if they are open. In addition to this it proposes to give to the President the power to draft into service industrial management personnel. Indeed, some contend, according to the reports from Washington, that while there is no cirect provision for an industrial draft, the bill could be interpreted as permitting such a thing. In fact the American Legion has had a plan for a universal draft which would completeIv putting everybody in the war machine, These proposals remind us that modern war produces an atmosphere instantly in which our democratic state of free enterprises can rot hope to flourish.

that

view criticism, the

take the profits out of war by |

n ”

HEN vou tell men the price | at which they shall sell their wares; when you go into the fac- | tories and “draft” into the service | the managers and workers, keep- | ing them in the factories as government servants; when you take workers from their jobs and put them in the trenches or on the railroads or in war plants; when you suspend various constitutional guarantees, you have gotten a long way from our frge, democratic soclety It eliort war But must must

”

is for this reason that every should be made to make impossible in this country. once in the war the object be success. This means we have not only men but money. To say it is no violation of our form of government, our democratic principles to conscript men, but that 1t is an attack upon our free democracy to tax profits to provide funds, is to take a very strange and narrow view of our democratic institutions. And now the War Department illustrates again that the moment vou talk of preparing for war, instantly you begin to invade the

freedom of the citizen. (Copyright. 1936, NEA Service, Inc.)

PEARSON COMPANY DECLARES DIVIDEND

i inl CHICAGO, Dec. 16.—A dividend of 10 cents a share and an extra dividend of the same amount on the common stock of the Pearson Co, Inc. Indianapolis, pavable Dec. 28 to stock of record Dec. 22, was announced today by the committee on stock list of the Chicago Board

of Trade. Shares are to sell ex-dividend on

the Board of Trade Dec. 22.

'imese Spee

Fruits and y egetables

(Quotations below subject to change, are average wholesale prices being offered to buvers by local commission dealers.) ruits—Pears, Oregon Bosc. 100s, box $3. Avocados, 20s-24s, box, $2.75; extra fancy (110s-135s), 8 ples,

inches up, $2.18 inches up, $185; No . 32. No. 1 . Lemons, Mexican, car- | 84-1125, box, 28-1b. <S, Early Tangerines, 1': Grapefruit Texas California Sun$3 2563.50. Floridas, $4 50 ome-

s 20 % 3 adnan $6 Limes Persian seedless, California Emperors, Cranberries, 5 box. $4.50 e. 176s, $150 R0s, $3. Oranges st vels. $3.75@ 4; Florida, rizona, $3.25 350 Kumquats 2'5¢ Pinfapples—30s, crate, simmons Japanese, 24s. $1.75. ranates—California, 30s, $2 2% Vegetahles—Artichokes, California, 4-doz NX $3.75 B s. Florida ST ngless . $2.8 \ homegrown. bu., i, California, case, $3. bunch, a; Sprouts. per drum, $2.50. Cabbage 50-1b bag. $1. Carrots cal- | suliflower, 115-125, Mammoth, Celery cab75¢. Cucumbers | $1.25. Chives, as | ‘90c. Weg plant— Florida, doz... $1.2 ale, Virginia u., 75¢. Lettuce, Yeehtes, ona, § 2-38, $395; 6s Ri leat, hot- | 85¢. Peppers,

ie 5-1b. basket, Man- | rida, crates. $3.25; doz, 45¢. M Ly Mushrooms homegrown, ib... 30e. ns, Indiana vellow, bag vern white, 10-1b medium. 0, 1s Pat. | dos. Parsnios,

homegrown, Dek ) bu. $1 Peas estern Tel. | 3 Potatoes, Maine Green Moun1s, 100-1b. bag, $2.90; Idaho Michigan Rurels, $2.25. Sweet Tennessee Nancy Halls, Jerseys ‘‘Possum.'’ buttons, hot house, 45¢ Spinach, Texas, n, bu. 9c. Turnins. bu. Tomatoes, hot house. 8-15 basket, $1.35.

Grapes rates, $2.15. b

Cra caiesy ~

“a.

MD BYR TTAB

New ok ik doz, \ te, $1.90, Celery, medium, d doz.

‘doz

:®

Michigan oz 40c.

qr. i 5 1 =~

y “Sm ” »

» ”

BM irs

EH 53 >

sley

h 15

megrown,

(By United Press) BIoAco, NE 16. — les — Michigan McIntosh, 506 2 “Sahn Rathtoe Louisiana Po Ricans a [email protected], Car- | rots—Illinois, bu. 50®% Spinach— TH. | nois. bu. 25@60c Ay oes—Texas, Jugs, | t) 182 75. Caulifiower- ~California, crates, | $1409 1 60. aa —California. hampers, [email protected]% ry Michigan, uare | Crates Besse *3ntons 150-1b. sac Nlinois and Tndiana _vellows. 25.6 80c Mich! gon yellows, 50c; Indiana whites, os 1

‘Change

| that

| banks in 1933, and this has a serious competitive situation be- | | tween national and state banks, | was pointed out.

| gage requirements

| average; | choice 19-3 { ble 150-180 lbs.

| erasing [$12.7

| Sn ngs.

| many 1400-1600-1b

“@”

. | common

| er and | ter an

| best

| 1400, | in opening: { than Tuesday, | for best | 1b8, | largely $8.50 9,

| ewes

| tle.

STATE FINANCE DIVISION URGES | AMENDMENT

in Law Making, Banks Cease Operating After 20 Years Sought.

One amendment to the state constitution was advocated and an-

| other discussed by the Indiana De- |

| partment of Financial Institutions today in its legislative report to | Gov. McNutt. Only minor changes in the financial institutions act, passed by the

11033 General Assembly and modi- | | ied in 1935, were proposed in the |C

report.

| !

New York Stocks

(By Thomson & McKinnon)

High

Amusementy— Crosiev Radio Loews Inc + Paramount Radio Corp

| REQ Aviation— | Aviation Corp .. | Boting Aircft . Curtiss Wright Curtiss Wright A Douglas Air "... Nor Am Av Sperry Corp United Air Lines Unitd Aircft New Trans Contl Wst Building— Am Radiator Barber Co . Hoang 2 Tare. Lone Johns Manville Otis Ele US Gypstin Warren Bros Chemicals—

Air Reduction... 3 Alliea Chem 231 Am Com Alcohol "ia Col Carbon .... om Solvents Du Pont

121 11

Freeport Tex

“ An amendment lifting the con- Natl Dis (new).. 2

| stitutional requirements that

This provision “has always con- | stituted a very serious burden so

| far as the continuity of bank or-

| 1

| Schenley Dist

U 8S Indus Alcohl 40's

its organization was | Am Home Prod -.

Drugs— Bristol Myers Lambert Walgreen Un Drug

ganization is concerned,” the report | Vick Chem

said. It added that framers of the |

Equipments— | Am Brake

state constitution had ample rea- | Am Car &

son for placing that restriction on Am

state banks, but later methods had | antiquated such a limitation.

An amendment proposing tha

eliminated probably will sented to the Legislature without | sponsorship of the Commission for | Financial Institutions, the report

| stated,

Bill Not Sponsored

0co Am Steel Fdy Bald Loco .. Gen Elec \ Poor & Co

t { Pullman Inc

West Air Br

‘double liability on shareholders of | Westingh Elec ..

| state banks and trust companies be be pre- | | Allegheny

Financial— Corp... Int Corp Comm Credit, Chesa Corp . Comm Invest Tr

| Transamerica

“The Commisison feels that its |

the Commission desires

the banking business

| Crm

Foods—

Armour Borden Cal Packing .... 44

Corn Prod . of Wheat. Cuban Am Sugar Gen Baking .... 18 Gen Foods G W Sugar

| Hecker Prod .... 1 | Holly Sugar

Loose Wiles

! Natl

i Natl

i Purity

has |

Std

proven to be so hazardous that there | J

Proposed banking legislation recommended by the commission is intended to reduce unnecessary competition between state and Federal institutions, the report stated. Congress removed the liability on shareholders of national

Adjustment of the Indiana mort- | for banks correspond with those now effective

| is no good reason for imposing the | | additional hazard of double liabil- | ity.”

| !

double |

| St Jo

United Fruit Houschold— Col Pal Peet.... Congoleum Kelvinator Mohawk Cary Proc & Gambl | Servel Inc Simmons Bed Mining—

Alaska Jun

created | Cal & Hecla

Cerro De Pasco. Dome Mines

it | jns Conper

Int Nickel . o Is] Creek Coal.. Kennecott Cop.. McIntyre Mine..

to | Park Utah

ih oN | Phelps Dodge Si Lead .... 4

under the Federal Banking Act of | Vanadium

| 1935 will be suggested to the legisla- | ture, the Phe Yeport said.

GOLD IMPORTS DROP

By United Press

WASHINGTON, Dec. 16.— Gold

| {

Miscellaneous— Allis Chsimers . Amer Am Mach & Fdy 3s

Brkiyn Man x: + 8 1

Burroueh Add. Sk I x “

| Crown Cork

gurtis Fob ; 19%

imports in the week ending Dec. 4 Re Sorcerer

totaled $6.664,530, a decrease of $7,415,699 from the previous week, the Commerce Department announced today. Exports totaled $29,469, an crease of $10,155. Silver imports totaled $433,331, a

in-

Gillette Glidden Ingersoll . Int Bus Mach... Inter Harv BH Owens Bottle ... Rem Rand

| Underwood E

{

aecrease of $171,679. Exports totaled |

$112,753, an increase of $60,250.

Other Livestock

(By United Press)

CHICAGO, Dec. 16—Hogs—Receipts, 24, - 000, including 8000 directs; market, slow, mostly 10 than Tuesday’ s to , early bulk good and . $990@10,10;. comparalargely [email protected]. good under 500-1b, sows mostly [email protected]; few

8000: calves, 1500; genreceipts smaller in market; steers and yearlings strong tao 25¢ higher: upturn part of Monday's losses; all weights and grades sharing advance; heifers steady, cows steady to strong, and vealers barely steady; bet yearling steers, 5: this price paid for 985-1b. prime several loads, [email protected]; up to $12; big weight these scaling 1592 lbs. not steers in crop; stockers and feeders weak: bulls, $565 down; vealers mostly $10.50 down, very few, $11, Sheep Receipts, 10,000, including 500 directs. fat lambs opening slow; undertone | weak to 25¢ lower: sheep steady; talking

| $9.65

Cattle—Receipts, eral trade more active; and all interests

heifer vearlings

steers, $10.75;

Worth'ton Pump 34 Motors— Auburn Chrysler Gen Motors .... Graham Mot....

Studebaker White Motors... Yellow Truck.... Motor Access— Bendix

§ Mie Budd Wheel Eaton Mfg Elec Auto Lite.. Elec Stor Bat Grevhound New.

| Houdaille

Stew Warner

19 Timken Det Axl

| Timken Roll .... 73

around [email protected] on good to choice lambs '

best '$3.50% 4.50; lambs,

of handy and medium weights; as high as $9. native ewes, ig good around 65-1b. feeding { .

(By United Jess) FORT WAYNE, Dec — i —Market, Re hi her: : 3,

Lam (By Times Special)

LOUISVILLE, Dec ed receipts, 250; supply, trading on early rounds; sales fully steady with Tuesday; to medium Gxhtweight = slaught and heifers. $5.5 ood fed practically absent; most Rw cutcutter cows, $3@m 4; sausage bulls mostly $4@5: odd Pas to $5.25. Calves— Estimated receipts, 175; vealer market, not established early; steady with Tuesday s $11.50 own. Hogs: including 6 most early with the early top $10.25 -260-1b. weights: bulk 180-300 $10@ 10.25: sows unchanged. Sheep-—Receipts, 100: very receipts. market, steady. and wethers, [email protected]; uotable ta $875. Receipts Tuesday193. calves, 181. hogs, 1092: Shipments Tuesday—Cattle. 66; calves, 54; hogs, 373. sheep, 75.

Money and Exchange INDIANAPOLIS STATEMENT

Clearings bits.

light, very

few few

steers

to $5,

Estimated

direct. market, slow

early light Cat-

TREASURY STATEMENT

(By United Press) WASHINGTON, Dec. 18-—-Government expenses and receipts for the current fiscal | year ending Dec. 14 compared with a |

year ago: ys Soar Last a

INDIANA LAW SCHOOL

«Of nA DAY and EVENING DIVISIONS

Write . Lite ite Brag. RI 2890

303-324 Sta INDIANAPOLIS

ATTRACTIVE CHAIN STORE ISSUE

Write for Prospectus R. B. PARROTT Investments

402-403 Guaranty Bldg.

Ll. 2710

held |

ns, 8.75, stags, $7.25. Calvep $11.50. |

16. Cattle—estimat- | Tle | ton n undertone a B

er |

desirable | choice |

sheep, 82 |

| %| iy |

Oils—

Amerada Atl Rfg

D Phillips Pet .... Plymouth Oil Pure Oil

| Tidewater Asn. Un Oil of Ci

al . Rails— Atchison

ood beef cows | £ ee CM &S

bids and indications generally | ghrerage or largely | De receipts, | E

sales 15c higher | Erie

. 64Y, 2

. 567% 138 3

Can . 67 Con. Tract 8224 8

11 Low A.

PARI ht BD et LTRS LS “IBV LO DN

aT 2 | Tex Gulf Sulph.. | state bank cease operating within | Union Carbide

| 20 vears of | urged in the report.

487s

505: 3812 14°a

Prev. | close Lehigh Valley IM &

— —-

High. 19% 4

Sk3

4 La

CODD in a 8 >. oan SS nabs’ -3

—

i ion P: . | West Maryland. . Retail Stores— | Allied Stores Go

5 |

Safeway St ..... Sears Roebuck .. Woolworth

Rubbers— Firestone

U Rubber U § Rubber pfd

Steels— | Am Roll Mills .. ! Beth Steel 7 Byers A M | Crue Steel oe | Keystone Steel. . 21 Ludlum Steel .. { McKeesport Tin | Natl Steel 7 2 | Bon Steel . 17 Ren Iron & Steel 2 | Sharon Steel U 8 Pipe & Fdy | US Steel .. 8'% uU Steel nfd 143%

9% | Warren P & Fdv 35%

nae

PICO Bn ht £0 a bt w

1 | Western Union. . 4

WRN D rt BLIND oo A ea Nana a

DEI Dy + YY dk TD Yk no a

514 5h

bt OOM DUTY uy OND IDOWWI a

o wwe

Ch dey WE aa

EDN OLIN HAITI # %

BD a BY bk dk

Youngstn 8 & T

Textiles— Adams

79%

Celanese Corp . Cluett Peabody.. Collins Aikman . Indus Rayon

iy Tobaccos—

| Am Tobacco “A Am Tobacco “B” Gen Cigars .. 50 Lig & ayers > 10614 Lorilla ‘a 2 3 Philip gy Reynolds Tob ‘B’ 5850 Utilities— Am & For Pwr. Am Pwr & iLt.. ATS T ; Am Wat Wks .. {Sal Gas & Rhee. & S

® »

Ao re Nop hat ate lg a we

or Xm

~~ ER

SIDI ANWOD DLOY pi A r Noa es y COC et a BD Ba ht DD OO a DD ~T Dt DI ND CO ob LD 3 UY IY et TT a ad "

pr UVC tt hk 1 I et RD OF a

oy 25

[Pub Serv | £0 Cal Edison. 29 | Std Gas 81% | Stone & Webstor 2518 United Corp .... Un Gas Imp 1 Ut Pwr & Th (A) 81's 8114

‘| Local Securities

(By Indianapolis Bona ana Share Corp.) | The following quotations do not repre- | ges actual bids or offerings. but merely indicate the approximate market level | based on buying and selling inquiries or recent transactions. BONDS Rid.

..106 .. 10314 103

Asked. 1072 104% 5

Ind Assoc Tel 4'5s '65 . Citz ind Tel (TH) 44s 61 . H Tel Tel Ft W 5lzs ° H Tel & Tel Ft W 6s 4: Indpls Railway Inc 5 '6 . Tndpls Water Co 3'2s '66 be Interstate Tel & Tel Stas "53 . Kokomo Water Works 6s '538.. Morris 5 & 10 Stores 5s '50. 5 01% Muncie Water Works 5s o: Noblesville-H L & 2s ' Ohio Tel Serv ~ 47

T H Water Works 6s ’49 Trac Terminal Co 5s '57 ... STOCKS ABC Brewing Co com Belt Railroad & St Yds Belt Railroad & Stk Yds pfd.. 60 Cent Ind Pwr pfd 7s she SOT Home Tel & T v 5212 *Hook Drugs Inc *Ind & Mich Elec Co ‘pfd 7s. *Ind Gen Serv Co 6 *Ind Hydro Elec Co 7s GLRALLAL oe Indpls Gas Co com ol *Indpls Pwr & Lt Co pid 6s .. 941%

N Ind Pub Serv pfd 3s *Progress Laundry C Pub Serv Co of Ind Sf’ 75 vu. Pub Serv Co of Ind pfd 6s.... 3: Sou Ind G & E pfa 6s 05 Terre Haute Elec Co 6s Union Title Co com *Ex-Dividend.

Chicago Grain Futures (By James E. Bennett ® 5 Wheat— High Low M.

May 1.49% 1. (a)Asked. (b) Bid.

LOCAL CASH MARKET

City grain elevators are paying $125 for No. 1 red wheat. Other grades on thelr merits. Cash corn new No. 3 yellow, 96c. Oats, 43c. Hay—No. 1 timothy, [email protected]; No. 1 clover, [email protected]; No. 1 alfalfa, first cutting, [email protected]; second cutting, $17.50@ $18.50.

. . - Building Permits Guarantee Oil & Coal Co.. State-st and Southeastern-av, factory building, $8000. Miss Loutte Towe, 340 N. Keystone-av,

remodel H. Carpenter, 6279 Washington-blvd, $250. dwelling, $4500,

g£ara ge,

PORKER PRICES

‘Weights Over 160 Pounds

to 350 pounds, $9.85, and 350 to 400 | pounds were $9.75.

{ lower on a run of 600 calves. Most

| basis.)

SHOW ADVANGE AT STOCKYARDS

Up 15 Cents; Underweights Also Increase.

Prices generally were 15 cents higher on weights over 160 pounds | and 10 cents higher on underweights | in an active hog market today at the Indianapolis Union Stockyards. | Receipts totaled 5000 compared to | 9000 last Wednesday. The run in 11 | close-by markets totaled 78,000 compared to 113,000 the same day last week. At the close, 180 to 200 pounders brought $10.30; 200 to 225-pound weights were $10.35 and 225 to 250 pounders were $10.40.

Packing Sows Up

Weights of 250 to 275 pounds were $10.30; 275 to 300 pounders were | $10.25; 300 to 325 pounds, $9.95; 325 |

Packing sows generally were 10 to 15 cents higher and the bulk of the sales ranged from $8.85 to $9.50, top $9.75. In the lighter divisions, 150 to 160 pounders sold for $9.75; 140 to 150-pound weights brought $9.50; 130 to 140 pounds, $9.25; 120 to 130 pounds, $9; 110 to 120 pounds, $8.75, and the 100 to 110 pounds, $8.50. The cattle run of 1000 consisted mostly of she stock with a sprinkling of lower grade steers and the market was around steady.

Beef Cows Strong

Better grades of beef cows were strong. Bulls were scarce and were steady to strong. Most steer sales ranged from $7 to $9.25. Most heifers brought $8 down to $6. Beef cows sold for $4.25 to $4.75, the cutter grades, $3.25 to $4. Sausage bulls sold at $5.50 down. Vealers were steady to 50 cents

of the better grades sold for $11 to $11.50. The entire lamb run consisted of natives and the market was steady {with a top of $8.75 and bulk sales ‘at $8.50. Sheep were steady. Good ‘choice fat ewes soid for $2.75 to §3.25, top $3.50. Receipts totaled 500.

HOGS Top. $10.15 10.40 10.45

> 9

ulk 3 t a1 10 Receipts, 3 2

et bt pk = Poems

ght So (140-160) Good and i edium Lightweights— (160-180) Good and

Medium (180-200) Good ih Mediu

Medium Weights (200-220) Good and (220-250) Good and Heavy weights— (250-290) Good and (280-350) Good and Packing Sows— (275-300)

(425-550) (275-550) Slaughter Pi (100-140)

choice. “choice. .

DOD y DUS 99d

choice. . choice. .

a or ow

choice. . choice...

Ld A% BWDBDB © 55 VVOD po A or

Soon HS nd choice.

CATTLE

eee! s, 1000— :

(550-900) Qh

ow QUID ——

Ci (800-1100)

Nao: [0 no tt

Shet 3339339333

Er —

C (1100-1300)

Sr Or FY Sr PHO BODY RDN =I 10 Ty =I 0D 3 U1 3 NON DUD TY DUT DU

M (1300-1500) G

Heifer: (500-750) Chotce Good

ow — badd id 2 tpt

GARAD BO 833

Common and medium Low cutter and cutter

Bulls, g Cutter, com. and med. bulk. . Vealers

—Receipts, 600— Good and choice edium

Cull

and medium

(250-500) Good and choice. .§ 6.00 9.00 Common, medium 4.00@ 6.00 Feeder and Stocker Cattle (500-800) Good and choice § 625@ Common, medium. (800-1050) Good and choice . ommon, medium.

ora ADT

Heifers— Good and choice .

oR RoR

won oD

SHEEP AND LAMBS

—Receipts, T00— Lambs—

wes — (90-170) Good and choice .. Common, medium . f k (Sheep and lamb quotations on clippe

DIVIDEND IS DECLARED

Trustees of Purdue University 3% First Mortgage Field House and

Maturing Dec. 1, 1938 to Dec. 1, 1949 at Prices to Yield 1.50% to 2.75%

Information concerning this issue may be obtained from the undersigned

These bonds are offered subject to the legal approval of Messrs. Matson, Ross, McCord and Clifford of Indianapolis

City Securities Corporation

$250,000

Gymnasium Bonds

upon request.

417 Circle Tower

LI. 5535

New York Bonds

(Reprinted From Late Times

DAILY BOND INDEX (1926 Average Equals 10 20 20

Si 105.7 105.9 105.8

Today

wv (Copyright,

Yesterday)

] 84 103.5 93. "1936, by Beane Statistics)

(By F. 8. Moseley & Co.)

U. 8.

Treasurys 44s 4s | 39% 3s

1947-52 19

4s dus s 19 3s {3g 3 3s 24s 1

GOVERNMENT BONDS

an SO =

OY Bt 1969 0 0 Tt 2000 4 1 ae p>

Home Owners Loan Corp.

102. 29

Chicago Stocks

(By

Advance Alum ; Asbestos Manufacturing Associate Investors Bastian Blessing Bergho . Central Illinois Publ Service . Cities Service . . Commonwealth Edison Cord Cor A Dixie Vort Electrical Household General Household Great Lakes Dredge Jarvis Co Ken-Rad Tube Libby McNeil and Libby Loudon Packing McGraw Electric Mid-West Corp Noreferred Noblitt Sparks Northwest Bank Standard Dredge preferred Swift International Schwitzer-Cummins Sundstrand Utah Products Woodall Zenith

Atkins, Hamill & Gates) Prev.

36%

New York Curb

(By Atkins,

Aluminum Co of America American Air Lines .. American Cynamid “B” Am gas, = peur Am Sup ATRanseS "Ratural Gas Atlas Cor

Cooper Bessemer Carrier Corp Cities Service Creole Pet Corp | Electric Bond & Share seihuil Fisk Rubber Ford Motors, ‘Canada A Greenfield A & Die Corp... Gulf Oil, Pen “ Humble Qil & Refining Co. ... Hygrade Food Imperial Oil International Lion Oil Niagara Hudson Power

"Vitamin

Petroleum . Rustless Iron and Steel Segal ck Sonotone St Regis Paper Sterchi Brothers Sunray Oil Stutz Motors Technicolor

Hamill & Gates)

LI “rt THD DJ =INI L0

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

*Administered Fund 2nd ... Affiliated Fund, Inc. (new).. Amer Business Shares *Broad Strect v Jags Bullock Fund, Ltd.

Cor “AA” or ‘Accum’ Cor “AA or ‘jcc Cor Trust Shares (orig) Diversifs>d Tr Shares ‘B’.... Diversified Tr Shares ‘“C’’ Diversified Tr Shares ° Dividend hares, *Fundamental .. *General Investors Trust.... *Incorporated Investors *Investors Fund Amer Market St Investment Corp.. *Maryland Fund .. *Massachusetts Investors ... Mutual Investment Fund .... *Nation-Wide Voting "el North Amer Tr Shs 1955 ... North Amer Tr Shs 1956 ... No American Tr Shs (orig).. uarterly Income Sh (new) lect Amer Sh, Inc (new). Selected Amer Sh (orig.).... *Selected Cumulative Shares. . “Selected Income Shares

Bd, Asked. 20 $03 1

“

10.86 5.66

*State Street Investment Cor 107.00

*Supervised £h, Inc (Del) Trustee Am Bk (B) Trustee Stand Oilshares Trustee Stand Oilshares *Ex-dividend.

“RB”

14 68

id as 1 7.0

08. 0 9

Unlisted Stocks

(By Blyth & Co.)

Bankers Trust Central Hanover Chase Chemica aL ‘Nlinois Guaranty Irving Maruracturers a National City . . National Shawmut . First National Boston

FIRE INSURANCE Aetna Fire Insurance

Baltimore American City of New York Franklin Fire Federal Insurance Great py iTican Insurance. National Hartford . Home Insurance Hanover Fire . eu National Liberty Boh River

Welichester USF

Fire’ “

System

10 E. Market St.

Member of Federal Home Loan Bank

60 Bonds 00.2

.40 37.56 24.13 29.18

DOMESTIC Today's Bond Leaders—

Chl & East Ill 5s '51 . Republic of Cuba 5'25 '45 Seaboard Air Line 6s dh seen. 20 Republic Steel 428 ‘30 ‘ St Paul RR 5 "19 ..

Alleg Corp 's '’ Alleg Corp 5s '

Am Tel & Tel 55° Arm & Co (Del) 4s '5) Atl Coast Line 4s '52 Atl Coast Line 4'2s ' Atch Top & S Fe 4': Am Wat Wks 6s '75 “aiuuh Balt & Ohio 5s 2000........... 9

Bal Buff Roch & Beth Steel 4'as '60 Chi Milw & St P Chi Milw & St ) Cleve Un Term 5s '73 Cleve Un Term 4% as? Col Gas 5s May '52 Col Gas 5s '61 Can Pas Perp 4s

Container Corp Con Gas 4'4s ' Chesa gorp i '

Grt Sr Grt Northern * Grt Northern Gen Stl Cast Hud & Manhat Ref

Interboro Rapid Trans 5s ‘66. Internt] Hy Elec 6s '44 Internt] Tel & Tel 4'2s '39.... Interntl Tel & Tel 3s '55 ..... Interntl Tel & Tvl 4'2s '52.... 7 Lehigh Valley 4s 2003 McKess & Rob 5'zs '50 Mo Kan Tex Adj 5s '67 Natl Dairy 3%s '51 Natl Steel 4s ' Nickel Plate 41,8 Nickel Plate 5'28 i N Y Cent 5s 2013 N Y Cent 4!2s 2013 N Y Cent Conv 6s '4 Nor Amer Co 5s '61 Nor Pac 3s 2047 Nor Pac 6s 2047 _........ Nor States Pow 5s New Orleans am 1% ss. Penn Rv 4s '63 Penn Ry Alas, Penn Rv Penn Ry 3%s 10 ....... Portland Gen. El 42s 60 Para Publix 6s, "55 Penn P & L 42s Postal Tel & dab $s i Rem Rand WW 4lis ’ Shell Union Oil 3'2s Socony Vac 50 Sou Sou Sou Sou Sou Sou Texas Pac 55 : Texas Pac 5s '19.. “ Texas Pac 5s '77.. Third Ave Adj 58 '60.......... a Union Pac 4s '47 1 United Drug 5s ’ U 8 Rubber 5s NY NH & Hart 6s ’ NY NH & Hag 44s ’ Warner Bros 6s '39 Western Mary 5'zs '7 Western Urion 53 '60 Youngstown 8S & T 4s “ Youngstown 8 & T 3'2s '51.. FOREIGN Argentine A 8s y Australia 45s Brazil 8s Canadian Govt 4s ’ ‘55

COMMODITY PRICES AT REGOVERY PEAK

Index Now Stands at 137.29 Or 13 Per Cent Over 1935.

Times Special NEW YORK, Dec. 16.—Despite recent reactions in futures markets, | the upward trend in commodity prices sent Dun & Bradstreet's commodity index to its recovery peak

on Dec. 7, the company statisticians announced. The advance in cash prices was well distributed, with grains showing exceptional firmness, the announcement said. The Dec. 7 index of 137.29 was a gain of 2 per cent for the week and was 13.8 per cent aobve the 1935 figure, it was said.

CONSOLIDATED PAYS DIVIDEND AND BONUS

By United Press SPOKANE, Wash.,, Dec. 16—A dividend of $4,889,175 has been announced by the Consolidated Min-

offices in Montreal. It will consist of a dividend to

holders $1,629,450 and the bonus $3,259,450. Most of the company’s revenue is derived from the Sullivan Lead-Silver-Zinc Mine at Kimberly, B. C,, said to be the largest of its kind in | the world.

Make Those Monthly Rent Checks

BUY

Own HOME

After years of renting, what a splendid sense of independence and THRIFT there is in buying your own The check you write for shelter each month is building an equity in a piece of improved real estate Fletcher Avenue’s business is to lend you money for the purchase of a home.

This Association Rated “Class A” by State Department of Financial Institutions

home.

. rh your own,

“Pletcher Avenue” has paid 4% per annum

and offers participation in DIVIDENDS FROM DATE OF INVESTMENT,

RESERVES OVER ONE MILLION DOLLARS

FLETCHER AVENUE SAVING & LOAN ASSOCIATION

In the Heart of the Business District

is| In November, 1935,

ing and Smelting Co. with head |

stockholders of 50 cents a share and | a bonus of $1, officials said. The 50 | cent dividend will yield the stock- |

(Exceeds Public Building in | November for Sixth Month in 1936. | 4

Times Special NEW YORK, Dec. 16—For the third consecutive month, and for | the sixth month in 1936, private con« struction in November exceeded the total for public projects of every | description, the F. W. Dodge Corp.

. | reported today.

,| Totals were below the October fige

| ures, it was reported. The corpora=

; (tion's figures for 37 Eastern states %., | rave the November total as $28,204,

(200, against $235,767,900 in October, | The November, 1935, total was given las $188,115,000. private cone [struction accounted for less than 40 | ver cent of the total, the report suid. | but this year about 58 per cent repeI private projects.

11-Month Total Up

| Cumulative totals for the first 11 [months of 1936 show residential | building 70 per cent above 1935 totals, it was announced, and nonresidential building almost 60 per cent higher than last year, Residential building in November amounted to $68,440,760, it was ree ported, and non-residential building totaled $65,895.300. Total for heavy cngineering projects undertaken during November was said to be $73,868,200.

New Bond Issues

y Av. L gjyons & ool Allied silY es 3 10054

10274

Ss 65 Amer Tel & Tel 3! AT&T i dias 61 B&O 45s °

312s '66 eo G & BEB 3s ’ Cleve Tractor 5s '45 Comm Credit 3!;s Conn Riv Pwr 34s "61 Cons G & EL & P 3's Cudahy Pkg EN ’ Cudahy Pkg 4s '50 Edison El Ilum Bost 3lhs | Goodrich i TN Fulf ¢ ates Steel «eg Indpls Water 31. n Towa Sou Util 51% 28 ‘50 Kansas P & I, 455 '65 Koppers Co 4s '51 . Long Island RR 4s ¢ Los Angeles G & E 4s * Louisville G & E 3'zs °’ Metro Ed 4s '65 ‘ Minn Gas & Lite 4s '50 vena Mont Power 33s '66 Narra Elec 3125 '66 New England Pow 34s ’ N Y Chgo Stl 4s 46 . ‘h N Y State Elec Gas 4s '65 Okla G & E 3%s 68 ; Oklahoma Gas & Elec ‘al Pac Gas & Elec 3.5 '68 Pac Lighting 4158 '45 Peo Gas Lite Coke 4s Penna Tel 4s '65 Pub Sve New H 3%s Railway & Lite Sec nd 3 Sou Cal G & BE 4s '65 | Sou Kraft 41,s ‘46 Sou Nat Gas be 28 ’% Un Pac 3lis . | Wise G & Sans : Wisc Pub ub Sve 4s °

Produce Markets

(The prices quoted are pald for gathered in the country, while for defivs | ind yg the orices are 1 cent ac ull case 85 pounds Brest) v) exer wus: weigh Legs—No. strictly fresh, loss off, 24 Feavy breed hens, 5 Ibs. and over, } under 5 |b¢ 11¢. veghorn breed LL heavy. 8c. Heavy breed springers, 115-41, Ibs. 9c: over 412 lbs, llc. Leghorn breed springers, 7c. Ducks full-feathered and fat, 5 Ibs. and up, ile. Geese, full-feathe ered and fat, 9¢. Turkevs. toms 14-18 lbs. 13¢: over 18 1bs., ; voung | hens, 10 Ibs. and over. 13¢; old toms, 7¢; 2, 8¢

I old hens, 8c: No. Butter—Creamery. 1 37@38¢c; No, 2, 1, 33¢; No. 2, 3le,

34@35¢c. Butterfat (By United Press)

CHICAGO. Dec. 16. Eg steady; receipts, 4166 cases: firsts, 28c; extra firsts, 28'sc: current receipts, 27c¢: checks, Butter—Market, firm: receipts, tubs: EXUrS A arats, 32% @33c: extras, 3315¢; specials, 4G 34'%c;, firs Ya 14 standards, 33¢ : Its, Snes? ie; Poultry-—-Market, unsettled: receipts, 48 ducks, fa 14Vse;

10 66

No. -No.

gs -- Mark Rosh fake dirties, 23¢; 23c¢

trucks; eexe. 11@13c: spring chickens, 13@ 15¢; broil hens, 11@15'%¢: turkevs 126170; O loge horns, 12@12':¢; old roosters. 11% 12e¢, Cheese Twins, 177% @ 17 Vac; daisies, 17% @ Loc rionkhorns, 17%: 18¢, oes—Supplies, Ii ght demand, slow; De wi eat wo ° Russet Burbanks, A 3: 8. 0 $2: McClures. [email protected] Wis RRs Re Whites, $2; Minneso! 2 Cobblers, wo vals, 61; on track, 220:

INVESTMENT AND BROKERAGE SERVICE

Il W. L LYONS & CO.

Established 188 MEMBERS: New York Stock Exchange and other principal exchanges 40 N. Penn. St.—LlI. 8315 Russell McDermott, Mgr.

Your

dividends since December, 1035,