Indianapolis Times, Indianapolis, Marion County, 22 December 1936 — Page 24

‘Penny’ Stocks Are Novice Lures,

Flynn Says. eee BY JOHN T. FLYNN

EW YORK, Dec. 22 Mr. Charles R. Gay, president of the New York Stock Exchange, is concerned over what is called = “penny-stock” flurry in the stock market. “Penny” stocks are those shares which sell for a few dnllars. To a person with limited means and a desire for quick and easy profits. it looks like a simple thing

to buy a hundred shares of a stock selling for, Jet us say, $5. His investment will be only $500 and if the stock should only “double itself” -a favorite expression of 1928 and 1929 which is beginning to be heard again ~he will have a 100 per eent profit on the money risked. There ecan be there has been activity in shares we take the on the New in recent one 18

a ih

little doubt that a great deal of of this type. If 10 most active issues York Stock Exchange weeks we find that only priced over $25, two and $25, four around and the balance between

sue i between $20 $12 or 814 £4 $8.

O’

great

and

u nu »

course the possibilities for

profits in such shares

seem very rosy to the inexperienced

It some of -priced shares have been only “double themto rise as much as 500 even 1000 per cent, But what our would-be speculaalways overlook is the fact the possibilities for loss in stocks is just as great—or greater—as the chance for gains, Mr. Gay points out a stock selling for $2 a share he the dearest security in the

s1111 + 1 Hui

peculator, is true that these low ot but

600 or

know n

ce lune

uch even large

of co does not mean 15t, because a stock is higherthat price represents a true of its value. But the danger low-priced stocks lies in the lure into the market ill-afford to lose are risking.

1\rse,

pricea ure {he

pict i fact that they people who can little money they

what

n n n

=O illustrate the pitfalls lying in 1 wait for the small-time penny” stock speculator, let us an issue which was selling at time this vear for 1%. That have looked like a good buy many people. And while probfew bought it at this price, did buy it at prices ranging from 4 or 5 or 6 or even 10, when it still looked like a good buy with little money risked tock subsequently reached h of 28 and if you had sold it of course you would have had profit, provided, of vou hadn't waited too it. But the point is— have known when to answer is—vou would not. the stock is selling

take Tne must in ah

mal

Ve The a hig then a handsome course, that long to buy would sell? The And today around 3 that even if you had gotten what seemed like a great bargain at 6 or 7 or 10, you not only would lost your original investment, but would have seen your stock go much below it even in what now looks like a rising market. Coy i 1936, NEA Service,

vou

have

Ine.)

Fruits and Vegetables

Quotations below subject to change, are wholesale prices being offered to | by local commission dealers.) rs, Oregon Bosc, 100s, box $3: box, $2.75.

110s- 135s, |

BANAT nes Delicious. ana Go den Delt cious Stavmans 21a thans, 2'z Inches thy, 2'2 inches up rs inches up. $2 3 inches, $1.85 Sols 35 Limes, Mexican, carfan seedless, 84-1125, hox California Emperors, 28-1b Cranherries ( C Early hox, 24.50 Tangerines, 1! 18 $1.60 Grapefruit, Texas Oranges—California SunThs. Kumaquats, ples. 30s, crate, $4.50 wokes. California, Florida stringless homegrown, bu 3 ia, case, $2. bunch, 15¢

. 33. $1. Carrots, CaliCaulifiower, 11s-13s, Michigan. mammoth, doz., 40c. Celery cabjoz., T8¢ Cucumbers, , $1.25. Chives, Florida, doz Letiuce Iceberg, $3 leaf Penpers doz, 45¢ 1b., 30c.

Apples, up. $2,10; No ehes un, $2.25. No. 2i, inches up, inches LUD. 4 No.

up. $2.15 8 835. w, No

“85

Celery, medium homegrown, ? bu,, $7.50; doz Ege pls ny

bage, Folrida,

$1.25

. Bs, 85¢ ida, t $3 50 Mushrooms, homegrown vellow, B8Q-1h. bag Tc ‘medium, $1.15. Par40c, Parsunips, Western Tel Maine Green $ Idaho Rus$2.35: Calorado s, Tennes5. Ind. JerRadishes, butRhubarb, Cali large, doz., 45¢ Squash, Acorn Tomatoes, hot.

"Peas

eg) ~Apples— Michigan Sweet ntatoes $1601.78 CarSpinach , gs

toe Tex xas, es

“CG alifornia,

Unlisted Stocks

By Birth & Co)

' | *Union_ Title 4-doz. |

Cabbage. | |

doz, | do

* o

Times on Finance

Orders, totaling £10,000,000 for new rolling stoek for Bessemer and Lake Erie Railroad and Union

PAGE 24

CONSTRUCTION FIGURE TRIPLE FOR

Indianapolis Private Awards

Account for $621,000 Of Month's Total.

Private construction contracts in|

Indianapolis during November were more than three times the November, 1935 total, figures released by F. W. Dodge Corp. revealed today.

In step with mounting private construction throughout the nation, Indianapolis private awards for the | month accounted for $621,000 of the $666,000 building total, it ‘was | shown. Private construction awards in November, 1935 were reported to have been $183,000.

“This record for the Indianapolis metropolitan area makes a favor|able comparison with the November | total for the entire 37 states east of | the Rockies where only 58 per cent 'of the total represented privata projects while the remainder cov- | ered public construction of all types. [In November, 1935 private construction in the 37 states accounted for less than 40 per cent of the total,” the report said.

Figures Include County

“During the January through | November period of this year private construction advanced 39 per cent in the Indianapolis metropolitan |area as represented in the sum of $6,378,000, comparing favorably with 84, 594,200 in the similar period of | last year.’

{ The 11-month total for all types { of construction awards for the .Jan{uary through November period of | the current year made a 17 per cent | Jump in the Indianapolis area over | the similar period of 1935, the report continued. $10,544,500 was spent for | construction in the Indianapolis | area during this time as compared | with’ $8,997,300 in the similar period | of 1935, it said. Home Owners Catalog Division of | F. W. Dodge Corp. reports that resi- | dential building made a good advance in the current November over November of last year. This type of construction amounted to $278, - [000 in the current November as ‘compared with $94,500 in November of 1935. | Non-residential building made a [good advance in the elapsed 11 | months of 1936 when it amounted [to $6,452,300, thus including an 83 | per cent jump over $3,525.900 which | was the total for the similar period of 1935.

Local Securities

| (By Indianapolis Bond and Share Corp.)

| The following quotations do Not represent actual bids or offerings, but merely indicate the approximate market level

| based on buying and selling inquiries or | recent transactions.

BONDS { Bid Asked Ind Assoc Tel 4'%s "65 2 108 2, Ni Tel (TH) 4s "61. 1 & Tel Ft W RH 85. H Tel & Tel Pt W 6s * | Indpls Railway nc 5s & Indpls Water Co 32s "66. . | Interstate Tel & Tel 5's Kokomo Water Works 5s { Morris &§ & 10 Stores 5s °’ Muncie Water Works 5s * | Noblesville H L. & P 6%as * Ohio Tel Serv 8s '47 | Richmond W W 5s ’§ | Seymour Water {.T H Trac '& L 5s ‘44

+ Works 6s "49 { Trac Term Co 38g wo ; TOCKS ABC Brewing Co mew) | Bel: Railroad & St Yds com. . Belt Railroad & Stk Yds pfd.. Cent Ind Pwr pfd 7s *Home Tel & Tel Ft Wayne... *Hook Drugs Inc *Ind & Mich Elec Co pfd 7s.. | *Ind Sen Serv Co 8s *Ind Hydro Elec Lo Ts Indpls Gas Co con Su | *Indpls Pwr & Lt Co pid d 8s | *Indpls Pwr & Lt Co Rid Blis 1001 | sIndpls Water Co pfd 5 103'2 *N Ind Pub Serv oh igs’ oy *N Ind Pub Serv pfd 6s . *N Ind Pub Sery pH BN, *Progress Laundry Co oo 4 1T Pub Serv Co of Ind pfd 6s. ... Pub Serv Co of Ind 7s | Sou Ind G & E pid Terre Haute Flee "eo Co com *Ex-Dividend

| : —— | | Produce Markets (The prices quoted are paid for gathered, in the Sountry ry, h/ | eries in Indianapolis t prices are ce | i igher. Each KA 1 case of eggs must pu: fon

ounds gro Eiges- ~No. y *Anteity fresh, loss of, 23c Hevy breed has, 5 Ry and over, Haas: under 5 1lbs., breed | heavy, 8c. Heavy, prea rife 1 aod Ibs., 9c: over 4%; Ths. lle orn breed springers full-feathered and fat, 5 Ibs. and up, Geese, full-feath-ered and fat, Te. t 14-18 1bs., 13¢c: over 18 oy . young hens, 10 Ibs’ and over, 13¢: old toms, Tc: old hens, 8c: No. 2. 8c. Butter—Creamery, No. 1, 12 @38s¢ No 2 3) eqs’. Botte tuto: 1, 3%: NO Sic,

(By United Press) CHICAGO, Dec, 22 —Eggs—Market, unsettled, Jroeints, 5980 cases; fresh praded firsts, 12¢; extra firsts, 12¢: dirties, 24tac: current receipts, Tl2¢. checks,

““Bufter Market, receipts, 7945 tubs: extra firsts yeorel, OE

32'z2c: extras (92 Jnee $e: firsts, “a ndards, ¢ 1

Poultry Market, at a trucks, 2 cars, geese, nets. 11 «1 18¢c, ie en He 5 A ol ers. 15@ : rkevs, 20c Leghorn hens, ers, lle} Cheese Twins, 17% #1 18¢c. Longhorns, Potatoes “Simi fale. mar, steady:

stea SA

soon } Nersatie

RAS Daisies, 1™%

o. erate; de o Russet x 3, & Cole.

Whites, Arrivals, 417.

63;

ty : "e128 for No. 1 red wheat. Other

grades on their merits. ‘Cash corn |

Rs old ott |

278; U.S. > . rado 5. $3.45 mm Round | sae 2; U, S. No. i on track, 267: a

TUESDAY, DECEMBER 22,

New York Stocks

(By Thomson &

: £

]

Amusement sley Radio .

8 Corp he Re h Cent Pox . arner Bros ...

Aviation—

Ey Corp. - aries re :

2 ~

Fam

2 SEETEY

3 a

Fels

os rg

. » - a

fet

- & “

a Contl &

~ - i

Rat Radiator Pa Ther Co

Jobs Shining 132 Gls 7,

. 383% "ee 120 . 10

ev: US Gypsum Warren Bros Chemicals— Air

Am “Ricco 391 i ol ag u Pont : : ¥ ee Tex

131% veo 20% re 43%, . 383 . 28 Ye Di 443, ex Gulf Sulph. Soi

Union Carbi 10115 U 8 Ind Alcohol 38%

D1 Ss.

Hamp a (new) . Fquipments— Am Brake Shoe. 67: Am in Oar & Ply. 553

Yo An Steel Pdy... 55% 1d

18% 14

3 en Am Tank C 72% en BG. “i. .- . .. OT 00x Westingh Be! 1440

En Ada

alge oi a

D-IND

eon Foods— am Sugar

Borden Prod .... Cal Hacking. . an Dry Al Cont Som

Cuban Am Sugar 1 Gen Baking. ... Cen Foods .... Hacker Prod . Natl Biscuit tl Prod. . Purity us al 8 Porto Rico ‘Sug a Sd Brands .... 1 wilt % ede Swit Intl oe United Fruit. ... Household— Col Pal Peet

lone wk Catpet. Servel Inc Simmons Bed ...

Mining— Alaska Jun

vue 400 ters ... 85% 28% Miscellaneouns— Allis Chalmers .. Ha

den npersoll Rand Inter Ha

£0 Studebaker White Mtrs .... 25 Yellow Truck Motor Access—

‘ont o Lyte. ouston (new) Iid Cont Ohio Oil

Pet Corp hilips Pet ..... youth Of ...%a8 e

re Seite ugker State ... Seaboard Oil e RR kelley Oil .

a EREEEE,

SEG A

FERFEFES

Un Oil of Cal ... Rails—

Aichison 68% st Lines. 44% & 21 gan, Pacific oa 18% &.% ne 62 Chi & ata pd 12% CM& St CM& St P pfd. 4

«85853 FEE FE

: 7 Frias £78

now a -. -w

os on a rT » 3 4 we

fon Pac . Retail Stores— Allied Stores . Assd Goods

dad OO - oe

RI ped

—

oSuatguy

& SEE

— -

. sEgsnesanl- Sey ~

S ; ars Roebuck. . oolworth

Rubbérs— Firestone Go

G U

a &

uber. 4 8S Rubber pfd Steels— Acme Steel A

Warren Pipe-Fdv : Youngstown S-T

Textiles— Amer Woslen te

Belin, Celan or orp . Cluett Peabody .

~TLI TBI DI st <3 C nN

“ a

3 37,

Indus Rayon 1134

Real Silk Tobaccos—

Al Sum Tob ... 23% Tobacco . 94 Am Tobacco ‘BB’. Lig &

forillarg, Morris 7114 Reynolds Tob ‘B’' 5 Utilities— am & For Pwr. AT&T 18 Am Wat Wks .. Col Gas & Flec comm & Sou ...

«31 Nat Pwr & Lit . North Amer ... Pac G eee Peoples Gas .... Pub Serv N J . So Cal Edison td G

as tone & Webster nitad Corp ..

n Gas Imp ... estern Union

RAILS GET $735,407 IN RCC DISTRIBUTION

Times Special WASHINGTON, Dec. 22.—The Railroad Credit Corp. this week made its thirty-sixth liquidating distribution to participating carriers,

corporation President E. G. Buckland announced today.

The distribution amounted to

PORKER PRICES

ko ... ‘Holiday Season Lightens bd ho Copyright,

| this morning, top price was $10.45, | | paid on early trading for weights |

$735,407, it was said. Total amount | distributed td date is reported to | have reached $50,007,682, about 68 | per cent of the corporation's contributed capital.

ENGINEERING AWARD FIGURE SHOWS DROP

Times Special YORK, Dec. 22 —After three high weeks, engineering construction awards last week fell to $39,853,000, Engineering News-Rec-ord said today. The previous week's total was reported at $59,244,000 and that of a year ago at $86,817,000. Private contracts accounted for the greater part of last week’s awards. Sewerage awards and commeércial buildings showed gains.

Chicago Stocks

(By Atkins, Hamill & Gates) Prey close Allied Products Associate Investors gstien Bl ergot

L C Fal miinois Publ ‘Service. . Cities Service Sora. Corp "Edison ord

Co Heras oltated Biscuit oniinental St

e Vortex Electrical Household ......... General Household Great Lakes Dredge ..... co

is C Eat pri

Lincoln Tr ar all Field est preferred Noviitr Sparks Northwest Bank

| Lambs—

: . 15% 25 34%

New York Curb

Standard Pee prejeriey Sundstrand Zenith

Investment

(My Thomas D. Sheerin & Co.)

¢ Minister md fated nd, ew) | ar usiness roa. Fund : Toi

Corp | ive “Diversified 8. | Dividenc viden *Pundam | *General *Incorpos

| new No. 3 yellow, 96c, Oats, 43c. [2°

i Sha wut fonal Boston FIRE INSURANCE Aetnn Fire Insurance American Ins of Newark Ba tim wre American { New Yo rk ranklin Fire Federal Insurance “ie Creat American Insurance ... J ational Pire Sd Hartford Home Insurance Hanover Pire Nationa! Liberty orth River hoenix atc hestor 8s rr

LAr De 2 - "

a 8 Ld re ee TEI E PEF

Tire

aged -ge329

Feds

11 clover, $15@

ele: “Rng No.

| first cutting, No: onrTui. | ting, $17.50@$18.50.

| Hay—-No, 1 ti

{By Atkins, Hamill & Gates) Prey. Close 231, 33 V4

American Airlines American i Eleriric B" Am Gas

ectric Am Superpo rkansas tlas rown ooper

- ~~

atiural Rd 3 “n 15

- bo»

“ »

Creole t Corn Electric Se » ibber a ar on

RFE Fo or

es CLL SEE, - Noa

1936

Railroad have been placed by the U. S. Steel Corp. The earriers are subsidiaries.

New York Bonds

TAXES REFLECT

(Reprint From late Times Yesterday) ILY BO" a Ale pe

Inds. 943

OFF 30 CENTS ON MART HERE

INDEX 1als 100) 20 Rill Uttl, Bo 2

| Today "ei | Saturday y | Jeek ago M Fanth ago

84 103.5 1936, bv standard Statisty F. 8. Moseley & Co.) . GOVERNMENT BONDS Treasurys

Demand; Cattle Are Mostly Higher.

Light demand for hogs because of | 4: the approaching Christmas holidays | Eat forced prices on all weights 30 cents | lower near the close of today's mar- |: ket at the Indianapolis Union Stock- :

vards. The market opened 10 cents |: off from yesterday, but weakened | when buying failed to develop. {28s Prices on 2200 head of cattle were | 2," generally higher, asking prices tending to slow the steer trade. 3 Early sales on better grade yearlings | were strong to 25 cents higher, and |: heifers were active and firm. Cows | generally were steady, but vealers were off 50 cents, the bulk better grades ranging from $11 to $11.50. | he sheep market was generally | cl cents lower, the bulk better | Cuba Nothern R R 5'os *42.... 599 fade lambs selling from $850 vo |S Tonisd ap Fianciaco 4p. 3 5. Slaughter sheep were steady, | Shi. Mil. St. Paul Ss * good and choice ewes brngitig from | [ts "Ry éfoefreete $3 to $3.50, top $4.

Heavy Hogs Lower With 8000 hogs on the market

100 Home Owners Loan oi s 131

DOMESTIC Today's Bond Leaders—

Issue Alleg Corp 5s Alleg Corp 5s Am Bren Pow 55 Am Tel & fa Arm & Co Atl Coast Line: Atl Coast

4s tp " Aich Top & S Fe Two | Wer

44. . 9 2030

Sig

between 225 and 250 pounds. N hundred to 225 pounders sold from | | Balt & Rio "8s $10.30 to $10.40; 180 to 200 pound- | Balt ers, $10.95 to $10.35 and 160 to 180 id Re pounders, $10.20 tn $10.30. Hogs heavier than 250 pounds | én Milw f ranged downward from $10.35 to Sioue On erm, ss

“0

‘an

| Grt Northern “G" Grt Northern “H'

Packing sows | Col Gas a, Cent Pac 8 Best yearling cattle on the parly | Chi & Nor Wes ghis Me.) ‘5% in early selling, with numerous sales | cutter grades bringing $3.25 to $4. b Northern

1 Un T 4 $0.45, paid for weights between | Gol gas. 5s May 32 350 and 400 pounds. ol Gas were mostly 25 cents lower, ranging | S20, Bac from $8.75 to $9.50, top $9.65. Big Four | Chi & West ‘thd 4s "52. i¥ market sold for $12.25, and the bulk | Con Gas 4 1 of heifers ranged from $6.50 to $9 | Be of odd lots ranging from $9 to $10. Beef cows sold from $425 to $5, | Sheep receipts totaled 1000 head today, and 600 calves were on the

Il Cent 1%s. Ill Cent Jt Ill Cent 5s Interboro Rapid “Trans “Bs ne Interboro 48 Elec 6s "44 ... Interntl Tel & : Interntl Tel &

10.45

choice. .$ 9.006 10.30 8.35@ 9.80

0.50@ 10.35 . 8.00710.00 -¢ 9.856 10.40 9.50@ 10.20 | N

10.00@ 10. 10.05@ 1

aka

140-1

er (160-180) Sond and

Med (180-200) Good 1 and

Medium elghts 0-330) 00d and 390: Good and Be ra ts

(250~ ) Good and (330-330) J. 300d and Packing

Ni Nickel Plate N Y Cent 5s 201 N Y Cent 4's 5013 (old).

Choice. . Y Cent Cony 85,1

“chofce choice. choice. .

choice. . choice. .

Penn Rv 41s : Penn Rv 4's '§1 Penn Rv 3%s.’70 Sa Portland Gen Fl 415s "80 Para Publix 6s '55 Penn P & L 415s °'

=i NOR Ma ae

Chicago Grain Futures

(By E. Bennett & Co.) 11:00 a.m. 1.367% 1.31% 1.15%

James

Prev,

~Racelpts. 0 4 close,

(550-900) Choice Good C (900-1100)

Comn (1100-1300 Choice Good

10.75612.00

M (1300-1500) G [email protected]

$10.25411.25 3.130011.25 4.7560 8.75 8.75 iL 3 4.75@ 8

(500-750) a

od Common, medium. Good and choice . Common, medium.

(750-900)

-55% 1.54%

Money and Exchange

INDIANAPOLIS STATEMENT Clearings Debits

5.00 6. 4.00 5. 3.000 4, 550% 6. 4.000 5.°

od Common and medium Low cutter ie cutter Bulls, goo 5 Cutter, com. and med. bulk .. Vealers ~—Receipts, Good and chotce Mediu

600— 8.600.000 TREASURY STATEMENT (By United Press) WASHINGTON, Dec. expenses and receipts for the fiscal year | ending Dec. 18, Solppared with a Jar 2

| This Yea Las [ Expenses. $ 3 340 216.457.38 8, an ‘827 830.04 2, 8.948. a 28

(250-500) Good and choice % 6. mmon, medium 4, er and Stocker Cattle (500- 800)" Cond and choice $ 8 mon. medium (800-1050) Good and choice . mmen, medium Heifers—

Gord and choice ... Common and medinm SHEEP AND LAMES ~—~Receipts, 1000—

wa 3

34.206.299.145.91 11,227.187.132.65 io: 103! 204, 105, 133.28 _182.

"Other Livestock

(Bv United Press)

RT WAYNE, Dec. 22.- oy oa et. ao a i »0 1bs,, ~ 20; 250-275 1bs.,

180-200 300.350

on DORN I AN ODN DO om» OD

# Hh “

& Zax oD Gi-aeA~1 S Suow

es (90-175) Good and choice. . 3.00@ mon, medium. 2.004 3.00 “ Shtep and Ta quotations on clipped | sis.) , 45; . $9.50. ‘Calves, “$11,

$9. ‘stags, $8.75

(By United Press) CHICAGO, Dec, 22. Hogs— Receipts, | (By United eal 28,000, including 6000 directs. steady to | LAFAYETTE, Dec. 22. shade higher than Monday's average; | Steady to 20c lower; 225- $25 weights above 180 lbs, getting best action; To -325 3D $9 6009.90; extreme top, $10.30; bulk well-finished 190- | $1041 13 oni 0 0 300 bs. $10%@10.25; best light-lights, 30. 90; | 380) 0 bss Wo QS my oR most gon sows, $9.5009.80, few, $9 | 100. oda To: Bo Catt e—Rcceipts, 9000; calves, 2000: common and medi grade steers, fairly active, ony steady; such kinds selling most [email protected], but strictly good and ¢ ores offerings, slow, steady to weak at $11 upwards; early top we by steers, $12, Teas hues held around $1 sellers asking $1212.50 for several Yogds. sheSTOCK. fally steady bulls, steady to strong; vealers, steady ° 2 rer. in-between grade offers | showing dec early rounds in selling at $749, véalers up to $11, mostly Be trade continues narrow: Heats ors warmed-u and t Ty of a value to seli at $8 down, most25 down to $6. 1 eep-—Receipts, 10.000, including 200 directs; fat lambs Op ng slow, undertone || wesk oe 3 lower: some bids 25¢ off: bids ond. to choice native and fad || B 3 poste. few natives to |] .5

9.15; Slaughter ewes || feeding

s—Market,

4 5 5078.75; $9.50. Calves, wn.

; bulk esterns ‘at | lambs scarce, 3

TYPEWRITTEN LETTERS AUTOMATICALLY TYPED ADDRESSING & MATLING MULTIGRAPHING STENCILS CUT MINEO GRAPHING RULED FORMS | UP TO fa’ X 20 TWO NOTARIES |

uh mA -ma

Hmpiarse Comfort fs goof business!

W. C. BRASS

and Awsoctaten 1% 8. Mer. Ri

129 EAST MARKET STREET

cents a gens mile round

$y Make Traveling a Holiday - . . BPvery Day! 1 RIDE THE INTERURBAN

INDIANA RAILROAD SYSTEM

Rr SRE Ee yr) re) or one that will be a precious

heritage to r ‘entire family=that will provide

)

4) x4

«| Ark La Gas 4s '51 .. | Argentine Rep 4's

: GE

3 IN Y Chgo Stl 4s '46 31; | Okla G . Pac

2 | Pac

, | Railway &

22, — Government |

Prev he.

1 108% |

INCOME BOOST OF 20 BILLIONS

Ee First Five Moriths of Fiscal igs Year Show Collection Gain Over 1935.

| Youngstown 8 & T | Youngstown 8 & rot 2s 'S1. ..

NY PIGN | A¥gentina (A) 8s '57 | Australia es "58 | | Bhazil 8s, anadian Gow 4s nmark 4'ss ‘56 .. rman a ‘85

gt { By Tnited Press 198 129%

| WASHINGTON, Dec. 22. The greatly increased national — ~ 102', | estimated at $20,000,000,000 mors 102% | than three years ago—was reflected 110": | today in the Internal Revenue Bu0h reau's report. 28 ,| Tax collections in the first five | months of the current fiscal year 3 | were $163,081,867 higher than in tha fix same period last year, the report 73% | showed. Receipts from July 1 to

| Nov, 30, totaled $1,385,767,927. New Bond Issues

Income, excess profits and unjust enrichment taxes provided the ma. (By W. L, Lyons & Co.) | jor share of the increase, totaling Bid. oo Stores 4'is '51 . 99%

| Tokio City

514g 0 ; | Yokohama MOLE P

Ask 100% | a : 4

['$421610,126, a rise of $92,085, 117 over the first five months of the 1936 fiscal year. The capital stock levy netted $134.353,137, an increase | of $42,338 483. The gift tax brought | in $3,743 881, a rise of $2,846,398,

| Assd Tel 4s '65 3 saved | Amer Tel & Tel Is y | A T& T 3%s '66 = IB & OQ 318 '39 | Calit Ore Pwr 4s '66 . {ent Maine Pwr 4s "80 | Cent Maine Pwr 3'55 "86 {Cent Ill Lt a 8 ieinti G & E | Cleve rr 1 | Comm Credit 3's ' {Cons G & EL & P.3 PRg 3%s Cudahy Pkg 4s '50 | Indpls Water 3'.s "66 Iowa Bou Util 5'5s "50 «

Liquor Revenues Jump

| Liquor revenues, including eollee. | tions from beer, distilled spirits and | wines, totaled $268,606,598 a jump 3 | of $47417970 over last year's five | months’ total. Excise tax receipts from both imported and domestin { distilled spirits were $119,407,941, an | increase of $27,343 441,

Receipts from beer and other fer. mented malt products aggregated $127466,649, a gain of $17,225,505,

Tobacco users contributed $235. { 128989, an increase of $24.,020.902. Manufacturer's excise taxes | amounted to $187,127431, up $25, 421,245, Miscellaneous taxes enriched the Treasury by $41,263,098, an increase of $2,175,781.

Dividends Declared

{| Dividend rates are given in dollars and (cents unless stated otherwise Bo Rale Per'd Payable ¢ hs . AmBev. 7% cvp 3 8% Q Dec. 31 Dec, 21 Arm&CII 7p acc Jan. 15 Jan, Can Bronze ext Feb. 1 Jan Can Bronze Q Feb. 1 Jan Dan Cohen, .... Q Jan. 2 Dec Guenther Pub Jan, 2 Dec FirstNtBk&T Evansto Dec. 23 Dee Philip Morris Jan. 15 Jan. Jan. 11 Dec Feb, 15 Jan

| Koppers Co * '51 Long Island R § Los Angeles G & E 4s ' Louisville G & BE 3'is "66 M oC Metro Ed 4s ' > Minn Gas & Yote 4s "50° Mont Fower 3%s '68 | Narra Elec 3',s '66 Su «e+ 306 New England Pow 3%s "61.

. «v2 200 N Y State Elec Gas 4s ‘65 .. & E 334 ..101 Bilaliomy, Gas ‘® Fire ds "46. . & Wlec 3,5 "668 ... .. | Pac Lighting 415s "45 Tel 3! ‘66 ‘ Siar Peo Gas Lite Coke 4s "61 | Penn Tel 4s '65 i Lite Sec = 2s "58"... [Sou Cal & & E 4s "6

Commodity Prices

(By Abbott, Proctor & Paine) COTTON NEW YORK

Tox cos 12.14

SouCalEd ore p. Sou Can Pw 2 Westh Air Br k BW Ivsgvrid Mot cum Wrisley Peo P.. 1.75 Q Writley Co . 4 the rate of "6 per cent tember 15 on those shares given holders of 597600 060. bonds from October 5 on {shares held bv those exercising stock subscription rights and from Oct. 15 on shares held by the underwriter E. H. Rollins and Bons, Inc.

Rush Jobs Make Us Smile

Hendren Printing

Company, Ine. 470 CENTURY BLDG. RI-8533

. 11°68 NEW ORLEANS Hizh Low 2.11 12.08 12.12 12.02

11.9 11.8 11.6

December

Close January 12.08 March May July October December

SUGAR High. Low. Close, 2.87 2.88 2.87

AND HERE IS HOW THEY DID IT

A telephone call to Commonwealth paved the way. When they called ot the office, the money wos waiting. Just the two of them signed the note and walked out with the cash, Endorsers, co-mokers, mortgages, diamonds or other collateral were not even mentioned.

You, too, muy get « loan this new simple way, The main requirement for either single persons or ‘married couples is ‘the ability fo make reguTar ‘monthly payments. Security or endorsers ‘ure not required. You borrow here on just your plain note=your own promise-to-pay.

Commonwealth's charges are surprisingly Tow, On all loam above $100, they ure substantially less than those provided by low. This same low ont ‘applies to auto financing and other types of loans. Two downNEW

town offices wre provided for your convenfence. You muy wrop Low cost in, write, or telephone ON ALL LOANS for further informe- ABOVE von, "oo