Indianapolis Times, Indianapolis, Marion County, 5 January 1937 — Page 16

d StL. : Ta eee ia n Te | — | Favorable Dividends Gain ® ® Ab f Th T m ’ F Lr ® r F ble dividend changes in 1936 totaled 3529, ren S reas 0 © 1 €S 0 nan Le : . Threat) vl ath. changes totaled 105, against 245. Extra dividends numbered 1750 against

Pension Act Should | PAGE 16 TUBSDAY, JANUARY S, 1997 © | , | 70

Be Revised, Flynn : : tho - ° RAIL SURCHARGE Noo "2 Srocks |PORKERPRIGES | vo vor oa. |CO-OPERATINES voor SEEN OFFSET BY |e 0 OLIN; SOME Loo York Bonds [oo onnieTs

must deal with the social se- High Low Close clos : Today’s Bond Leaders—

their appearance in this act. Some Paramount 250s 5% Youngstn 8'& T 716% 8% 13% : pa th C 3B) 3 : Belding Hem... 13} 315 3 4 | Je en sy 10% ; : ia .. i . gress can not refuse to -change 'Loss of Revenues Minimized Warner Bros.... 17% Celanese Corp 21° a 27 4 | Slgwer Demand and Attempt he oo 0 2 0.2 : ; Indiana Associations Market du . ] Fo Vs Sit iit 3 - : : ous injustics agains: many Teople. | By Experis-as Loadings (fustongup gb 00 6 9 | Rell Ales! Nn DR Te To Bring Local Market eles 9.1 More Than Nine Million the law which ees ina h ; 3 95 ————— : Treasurys It relates to By W. TAN MACK Uni Aircit New. a tributory pen - NEW YORK, Jan. 5.—Fears voiced | yp, Radiator. ... 25% 25 ; a | Reynolds Tob ‘B’ 56% 4 line with other packing centers | 3* va . 110.1 ; HE Ohio 4, Bin ras 0% | tive assciations owned and operate ’ , 4 4 i /4 . . . . & t : . : 3 Jaw employees | Of enlarged operating costs incident | Otis Eley Am Tower & Lat 12 2 i 4 | lower today at the Indianapolis | 3’: na 9.25 | Chi Milw & St P 5s 2000 ! 750,000 warth of dairy products Aure Allied Chem .... 236Y4 Col Gas 5s M . | catapult the carriers once more into [Du Pont ....... § wages and sal an abyss of financial difficulties Liauid Carb"... a 43% | Interboro & T. 113 8 11% “* | terday’s figures although the maMr. Flynn three years. yi," that impending traffic gains | Tex Gulf Sulph. 397s : 4|Pac G & EID 380 today. 9°" 48% ! ; ers must also add to this 1 Per | egoration of tariffs in force “prior | Am Home Prod.. 47% Cal Edison. 20% 2 32 28% | corded for weights between 160 and | 3: division of the Farm Credit Ade . D... : Federal Treasury. At the end of | provement in passenger traffic that | , Eauipments— Ut Por & Li (A) 35 io BE 2 188 18" ing organizations reporting & mem time as compared with 28 organi

i 4 | ; am, y ; ey : : High. Low. close. ; DAILY BOND INDEX curity legislation which it enacted | Amusements— a Se, 2% Bb, ith Fi o 2 | || (1926 average cauals 100) | Drev. in 1935. Grave defects have made | falls 0% UL J | US steel pra 138 (8% dg Io ids alls 2 . J Rep Bu fs igel sr Th TH e iz 2 3 : Lay : . : . . 28 52. . .e NY ) aa Radio Corp ..... 11 = 10% Textiles— — 0 See 94 ! 6 100 Tel & ‘Tel 5s ’55. . 183 «¢ of them are so glaring that Con- | RO Chit Yor. so % it | Amer Woolen..., 9% 9% them without committing a seri- Aviation— Cluett Peaboay. 30% an. € / Here, for instance, is one im- : * SUS Syrizhs,. 89 2 87a | Indus Rayon .... 33% : : | A 2030 5 8) ’ r . 19} : Tobaccos— (By F. S. Mosely & Co.) ’ ; ¢ portant part of ‘Gain Is Forecast. Douglas Air .... 70 So BY A Gu ean 6% g In Line, Factors. Hl US GOVERNMENT BONDS & 2s a 111 Dollars Worth. needs attention. ; Uni Air Lines .. 21%; 2 { a | Om ‘fohacco ‘B’ 96% . ’ ;- 99 i Special Writ Trans Contl & W 19 A 197, Lig, Cigars : : ; A slower demand and an attempt yl 21.14. 12116 preg ik 6s '75 ie Times Special old-age con - Tite? Sneolm Writer Building— Lorillard Ba % 154 | to bring, the local market more in | 4s 4 -- 1is4T 1 06598 oa a 3% | LOUISVILLE, Jan. 5.—Co-opera-i by railroad spokesmen that the loss | Barber Co 38% { 2] Utilities— : i 3% is . 108. - "60 - * 30 2 : oer the |of surcharge revenues in the face | Long, Bier: ci: Ha hn |Am & For Pur. 8% 73 8% 74 |pushed some hog prices 25 cents): . : 109. 38 | Chi Milw & St P55 75 L101: 36d by Indiana farmers marketed $9, : : Fis ies 188% . Cleve Un Term 55 '73 110 ; will have 1 per | 0 higher Hplerial youes and pes Chemicals 97 m Wa i io : s « 13] Unjon Stockyards. | 3g arse OE 3.14 | Cleve Es 10 2 |ing the 1935-1936 marketing season cent of their |Sion and social security charges will | Gon: Solvents .. 13% 18% ; : i 43 The trend was uneven and some | 3% 19 ra + 10520 105 3s Avr 2 105 las compared with a $6,570,000 busi Freeport Tex ... 27 a 27° 36% : ? 3 | classes remained steady with yes- | 2% -47 Ll... ies 108 1 : ) iy 8 % 2 |ness the preceding season, John E, aries deducted 2 : ened 39° ‘39 re 1git Yl ha ov 108. : : i ; each month for | °° minimized today 4 saonomis Nail Dis (new). 28% Nat Pwr & Lit. 123i 11% ; jority of the 10,000 receipts were | 3% ‘31 3° | Big is 3 , Brown, president of the Louisville | observers, who expressed the convic- | schenley Dist .. 48% Sori Amer. * | affected by the slump. \ Bank for Co-operatives, stated here i - . Union Carbide ..102%2 s | Peoples Gas ... 50% ’ 2 3 ; . Their - employ~ | will more than compensate for the | b's ng anicnol ‘Saiz 9 3%, 33a |Pub Serv NJ. 4 : >| The maximum decline was re- 03 |S Yas "51 y Mr. Brown said that estimates ’ H ; 103.2 : 84d, ~ |made each year by the co-operative cent for three years. The 2 per |; ani) 18 1935. i a sors h Stoned websier 90a 28% 29% 235 pounds. 3s $e 49 Top” {NY Dock 5s st 2 y y operatl cent must be paid monthly to the Recalling the substantial im- Dn Ga aan. in : . ra Sows Steady to Weak : Sepal Farm Mortgage Cory. : 3:0- 8398 /s | ministration show 30 dairy market= i Brake Shoe 702 7 y \ ik 3 , : 3s 105.22 three years this tax will be 2-per | eventyated from the reduction of | Am Brake Shoe 101 56% 56% 56 Western Union. > 73 18% ae 0s eign ot 169 35 180 | 29.1849 p 10412 10414 49..'981, 96 |bership of 26,000 for Indiana af t eent for employers and 2 per cent | fares early last year, authorities|Am Loco 12s ve . | | pou 45; 0 200 H at Ref wee. 80% for workers. At the end of six | yentyred the prediction that large d Loco 9% 9 a ; pounders brought $10.50; 200 to 225- AS a8 : 18% als ; : J p g 71 cago OCRS nd weights were $10.55: 4 +|tions reporting 21,300 members years it will be 3 per cent each or | movements lost to competing trans- | & Ne i ip Bou g 09; 225 to | ; 80 1934-1935.

4 ? 23, 6 per cent in all. portation media, principally motor i gr 3 91 ? (By Atkins, Hamill & Galas) 235 pounds, $10.60, and the 235 to

. 5 trucks, during recent years gradu- |E ee i 2 ; Prev. | 250-pound class brought $10.55. The value of dairy products m

T $55 . , 3 : . a 1 ; / 3; ; Packing sows were stea < Ha > Jol : | keted co-operatively in the Unit HE object of these taxes is, of | ally will be returned to the rail- West Ar Br. 30 2 145 «| Adams Manufacturing ....... 45% and LY Re “i 24 2 veal Lehi 8) 52003 6824 70 |States this year amounted to $520.8 course, to pay the costs of |roads and that this traffic, together Financial Advance ii Sh 5 8 $9.75. Weights 15 250 a a Mo K "Adj 5s 70 000,000, or an increase of $80,000, aving old-age ensions to those with an anticipated extension of re. ; > s Ashestos anufacturing ..... 3 3% wit) : : : Natl Steel 4s '65 } 73 4 ? Paying out ge pene wages the |the loadings upturn, will operate to Aliezheny. Gor’. bs 4 ‘a assists Tso : , sit Do Proven fu Ei 2 2% NSE! Este Bt a 93s 000 Jur 1p your, Be in "among taxes are deducted. But as you | increase the systems’ gross revenues Am Jor Lhe ED 15% han; | N Y Cent 5s 2013 .. .. 101 ; ° : ; FRE 3 ; 8. ’s | pounds, $10.05; 280 to 300 pounds fim N ! dy 5 |the states in the value of dairy prowatch this system in actual opera- | measurably. in the COMM year; Asai B /s 17% | Cities Service 4 ps 300 to 325 pounds wi as, U. 3. Government Issues at oy, % ul 10942" 110% | ducts marketed by farmers’ association some very strange things de- | Pessimism Unjustified Fitter Commo ; 119% | to 350 pounds, $9.70, and 350 to 400 I . : s 2047 3 i, | tions and ninth in the number of velop. | That ekpressed pessimism with ATE Bear. ss BEY y Sod. O : 3 3s pounds, $9.60. ew Record Tops; Rails Ne¥ Qpieans Term 0934 ioi1, | farmers holding memberships in

For instance, it is estimated.that | respect to the railroads’ earnings | Armour... 7 J Ya { TY | Dixie Vortex "20% | In the lighter divisions th | Penn R 63 .... -1063 ’s | these organizations. In the United during the Government's fiscal [outlook is unjustified, experts ex- armour saab: a 03 Ded nen ML 1h 160-pound es at oi : Show Increase. y 414 ‘10s, 110 | States as a whole 2,270 associations year of 1937, $255,500,000 will be plained, is the possibility, almost a i . 2 . Great Liles Dredge ......... 24° | to 150 pounders sold for $9.75 130 : 7 3 /s | reported a present membership excollected. However, it is also esti- | certainty for nearby months, that Cl 3a7g 313 e 313% | Lib J : s | to 140 pounds, $9.50: 120 to 130 Bu U ited Press 6s ; ’, | ceeding 720,000 dairy farmers, ac-

$1,900,000 will be paid out in bene- | loadings over a year ago will be sus- ge ER 3g ' 131 gt Co : Y 4'| and the 100 to 110-pound class were

. 4. § 11 1, TTT fits. Of course there will be some | tained for a considerable part of | Gen Baking ... 17% ? 1 Y / 175. van :d to new high ground for the So. 3 v T additional payments as the cost | 1937. gen. Fooas sees 8 27% 1 2 Bank 130s | 88 Vealers Up 50 Cents rece ‘ery in 1936, rounding out the go 1% 100. DECLINE REPORTED of administering the act. ' In such an event, it was indicated, | Hecker Prod .... 13% : V: 4 | Signade Steel 16% : : 3V

i fiftt consecutive year of rising , : =eeverec 3834, D4) : Holly Si ee 42 2 Standard Dredge pfd 17 15} : ve . 981; As the years go by, however, the | Operating revenues. should expand | Nail Bieeoar .. . 33 3 3 3, | Sundstrand si.| Fed steers and yearlings were pric s. ou n 2 ; IN RETAIL FAILURES

: : sve Bf ; : lly steady. Heifers were : J 3h yeate 401 ents will | bY at least $500,000,000, coritrasted | Natl D Prod a 23% 5 genre i i a0 ® : eo Bug the Dn col- | With an estimated loss of $120,000,- | & Beste miko Sug Soi. + 340 steady to easy. Cows were fully| Piices of speculative corporation S79 i, | times speciot lected n taxes from wages and |000 from termination of the sur- Std Brands .... 18% v; steady and bulls were weak. The | bon 5, which usually follow profits me iy 3 NEW YORK. Jan. 5—Retail busiemployers will increase. For in- | charges. ih Swift, Intl 311; ; steer top was $12.75, several loads | curv s, went to new highs for the |Th aah seeeees. 39 2 | ness contributed only 57 per cent Ee a Sones observers accordingly fore- Un Biseult 1." 29 al : So aL gud the bulk ranged | mov. ment. In some cases—particu- Unijed Drug 5s 53 103 /s | of the 162 business failures during will be $970,000,000. But the |Cast a net operating income for the! rencebuld. : Aluminum Co of America... 130 Gib or Tt OL, : larly fin the volatile convertible is- | Nv Ni "8 Wars of -4a 47; ; | the week ending Thursday, Dec. 24, I 1h | Parrot Tat as i Bi oe toe ge ousehold— : pquy | AmENCEN’ Aiflifies re 3% 31% ifer top was $9 with most sales | sues -the market value of corporate | NY NH & Hart 415s 67 3 a | according to Dun & Bradstreet. year will be about $94,200,000. mating or exceeding the $759,038,637 | Gongoteum:. . 3 2 | Am Gas and Electric 1... i; [a $6 to $8. Beef cows brought $4.50 | liens advanced almost 100 per cent, In Tm, 10815 The 162 failures were 17 less than eT i shown by the nation's carriers in | Kelvinator .° 32 i; 22 Am Superpower... nes | a |to $5.50, the cutter grades, $350 to| 1; h-grade bond - | Zounestown § & T 4s ‘61... 1041 during the preceding week and This will go on. By 1950—13 | joa, Mohawk Carpet s 4 | Arkansas Natural Gas .. 84 $4.25. Top for sausage bulls 6 {ih-grade bonds rose more mod Youngstown $ &. T 3'rx *0r. Lets uring years from now—the Government This fore Yd Eovel Tae ole au. y Bower Beh ‘Bearing ....l..] 28! 2 | Receipts te taled 2700 ti nd 705 | grab but nonetheless on a wide TORN tnglantolbgl, ill collect $1%783,000,000 in old- Con the or oncidentally, was | SING N01 0 Bh Bi Ba, | Bover Roller Bearing 11 il fa Pis totaled 2700 caitie and 700 fron| jis Institutional and private in- | argentine (4) 1 ro: Ye Hays iwele considered 1, w igen A wie based on the premise that a mini- Ninna. Canadian Indust Alcohol ‘A’... | calves. 3 : vest ients flowed steadily into the Jusue Jus ie 3 the rating, age pe es. mum of 40 per cent of the increased | ym Motors . Se ; ;2| Vealers were active and 50 cents | mar] bt, Refunding operations at |Canadion Govt 4s’ 6b , »| _ With the decrease of the retail 3

alt = gry SA

out only $305,000000. Bub 1960 % | cross could be converted hile is ei 2 | Creol higher with the better grades selli i . i : 00—practic- beeen. 8 32.2 2 | Creole Pete Corp .... A grades selling | lowe, | interest, rates also brought de- | Denmark $ : figures, manufacturing, wholesale, ally two. Hillionombut it will pay | Pefore charges. k fhe Nn Mn I BSURhond and Shake la: 3 for $12.50 to $13. man for the higher grade loans. |Ge 0 nnn ie construction and commercial service Sut only $1.379,.000,000. Moreover, the figure compares |G haa. 1 % 413 475 | Greenfield Tan ani bie corp 23 23% | Lambs were mostly 25 cents high-| Re 1 traffic, travel and revenues | tar 54 Sav ga: | insolvencies showed higher percenty $1,379,000, with an indicated net operating in- . Caan 0 : .- Gulf Oil, Penn.. .. SE 1, |€r. The bulk of the fed Western | WHic | were the best in years created | Poland 7s "47... \. 76% 761, | ages for the week than for any 2 |= a goms of around $650,00,000 for 1936, | F wari B87 7 2 un He OU aug Retin e483 , | lambs grading choice sold for $10. dem: nd for both first and second- | Rome oa 8 ve 42 3B, | week this year. OW why should the Govern- {oe AE, of the $120,000,000 “at- i : 3 E ; 5 | Imperial Oil It 1 Better grade native lambs were | 82d carrier ‘obligations, with the | Yokohama 6s “61 .... : 771% Te Tr ment collect so much money ionianie 2 he smerpensy rates. | Kennecott Cop . 817% ; 2 | Lion Oi D167: 1642 |$9.75 to $10 and yearlings were Sagal making the most impressive RE-ELECTED TO BOARD when it Will pay out so much less? | DeVIg IR wt Uh br Niagara Hug “16% | steady to 25 cents higher at $8.50 to | 2dVe! ices. : And what is it going to do with [homme 3! none Jno Sout Phelps Dodge. 513 ; ? % | Pan-American Airways © |$8.75. Slaughter sheep were 25 to| * U. S. Bonds Soar Ni ew Bond Issues Times Special what is not paid out? 2 | Ilssion's refiisas to one os om- 5 3 Smelters. .. 837 Te ; ; pearoad Sop “4 5 | 90 cents higher and the bulk of the | BOE of rail sui BY 'W. W. Lions & Cg) NEW YORK. Jan. 5. Re-elec-The money not paid out will be | charges pendi th € Sur-{ vanadium 29 ba : 2 | Rustless Iron and Steel |slaughter ewes ranged from $3 to! 20 ds of rail equipment compa- | ; re “ha tion of Adam Kesler. who. Les used $0 buy ‘Government bends erie > h J t vh Shivams | Miscellaneous— : SE hanes freer. 32 “* | $4, top $4.50. Receipts were 5000. | hies idvanced steadily as a solid | TL I 1035: | been connected with N. W. Ayer & But what is a Government bond? gS, schedule to begin ednes- | ais Chalmers... 773% , : , | Sterchi Brothers es : 91 strea’ 1 of contracts was awarded by | Arzentine Rep 42s 3 3 ; Hb Bon y : : evi that the Govern- |day, on the carriers’ petition for re- | Amer -Can . . .118's 118 Sunray Oil .. 5 | : : Y | Arinour 4s '51 . 993, i, | Son, Ine. for thirty-five years, as It is an evidence a e adjustment of the frei ht Tote Struc Am Mach & Fdy 243s 1 « | Tilo Roofing : | Le, | HOGS carrit 's for new freight and passen- ssd Ss. 65... iL . 3 & director of the company, was anment has borrowed so much g Brklyn Man Tr.. 51 51 /; | Tubize 1 Top Receipts, | Ber xs, track accessories, air-con- | 4 XT Buse “1025: 2 | nounced here today.

TA Ta Dec, Bulk. . 3 T i i Burroughs Add.. 32% | Twin Coach ... dy 4 . $10.55@'10.85 $1 ies 74S money. It is evidence of a Gov- hy e might prove harmful to either Cont aay login ® | 5¢ ales a 7000 | ditioll ng apparatus and. other types |B & ‘© 413s 39 ernment deficit. Therefore the S ein purchasing power or Caterbdllar Tract 384 , aie | 30. 13 5ce 10.60 10.60 6000 | of eq ipment \ j California ord Pur 4, 6 eh E i, e credit, accentua i ‘rown Cork .... Y 3, 1, 51 31. [email protected] ; 4000 | Li 3 en aine Pwr 4s ’ Fae 7 . i huge sums taken from the wage as ee uated the constructive Crown Gork .... 19 19 18 91; | - ocal Securities Jan. On’ the Curb Exchange Baldwin | Cent Maine Pwr 313s '66 —... Ig 7] Bo met Toe o> ons. [as the Poorer seb ee | oeie % fo 1% 13 hy 40 i WRGERE JL 38M Locor otive liens soared as the com. | itvinnadl c & £ hiss 11 iE io vo 7 i - s R 34 1 5Y 2 : a, v 110. .60 10,000 1 x = | Clevelan ractor 5s ’ 102 n fits (will be used to pay up Gov- |UPOn the national economy in mod- | Eastman Kodak 44 3, | (By Indianapolis Bond and Share Corn.) | i, ,10:00@! 9% pany received huge orders for en- | Comm Credit 3ias ’51 n

= : erating the rising trend of commod- | Gillette 4 y 3 y The fololwing quotations do not repre- S160) © ; . iy ; Cons G & E L&P 3s 0 , ernment deficits. Glidden 447 3g sent actual bids or offerings. but merelv (140-160) Good and choice. § [email protected] gines, New York Central's order | Cudahy Pkg Fas, 155! jo TER : iy

But of course the “Government |it¥ prices. indicate the approximate market level | Lightweighte 0 \ 9:00¢10.00 | for" 1 ) ‘locomotives was the largest, | Cudahy Pkg ds

: _ 89 1 ¢ t \ S will owe the money to the old-age Traffic Spurs Stressed Nd Cl nes 1007 ; Ded, on Juving and ‘selling inquiries’ or | “(160-180 Good and *- 19-00@10.%0 | single contract since pre-depression | rie power 45 ,86 ize 10 ~pensiens administration. That is | “Higher quotations for most of the noite AR 181 asi of BONDS ; (180-200) Good and 10331030 | times. § Jiohsten Le ir 315s 65...108% : ~ true. The Government will owe it, |staples which move in large volume | Worthingtn Pmp 36 °° 3512 36 51 Yas Assoc Tel ihe %05. Lo. an AE | Medium: wer dium 9.90010.40 | All| of the 25 listed Uniieq | hd Sou, Util Sias i but the Government will not have |gver the nation’s railways,” one au- Citz Ind Tel (TH) 4%s ’61....103% (200-220) Good choice . [email protected] | State: Government bonds went to | Kans P & L 4las '65 the money. The money will have | thority declared, “should be trans- ? 0 a 3 a [ETS TRF Wilks 2310 105, | pp 220.250 Soon choice. . [email protected] | recorc highs in November and held Lon Tolapd & R = been spent. lated into only moderately advanced ysler 1121; 3; ; ‘2 | Indpls Railways Inc 5s ’67.... 70 73 (250-290) Good choice. [email protected] | aroun. top prices. The average ad- Jos Sages & E If it is necessary to get the |retail prices.” a i 5 Thigrstate Tol & vaste 53°. 99 2 | 300-350) Sod choice.. .9.60@ 9.90 | vance over closing 1935. quotations | Mensel CV 45; money to pay back to the old-age “Such a development, inevitable in !| Hudson -++vv 18% s + | Kokomo Water Works 5s 58.104 (2175- . .80@ 9.85 | Was i the neighborhood of 4 to 6

pension administration, where will | consequence of lower freight rates, | Nash : 16% Z 3 | Moriin 5. 19 stores 5s 's0 --100Y : =i 8 ‘$9 | points

the Government get the money? |should result in the relative susten- pas nel a 5 5 '| Noblesville HL & P 6%s "47.103 1041; Bias a-50) M 2 ‘ Tr No Aer 8 i "61... 104 Where does it get any money? ance of purchasing power, thereby | Studebaker ..... ae Sy us 5s '57 108 6 10) Good and choice... 8.75@ 9. Unlisted Stocks : N'Y Chicago Steel 4s '4g From taxes. Taxes on whom? |jngyring the continued movement of | Soc, Mo 23 3s | Teymour Water Co 5s 49... Medium T15%@ 9. 4 : bE ginger 'e.. Taxes on the people and, to a large [goods from productive into con- Motor Access : T 5 Water Fike lee By Pluk 500) oid. Asked. ( OFl2 Gos & E Ine 3%: 066.... 4 . 68 4,

Mont Power 3%s '66

® : ’ —Receipts, 2200— : Pas Gas & Elec 3's '66 7 . extent, on the very people to whom | symptive channels at a gradually | Bendix , v. i | Tris Water otis. 5 8 : (550-900) Sy [email protected] Contral rerio oe 89% | Pas Lighting AYas *45 3, ( oO nstructio : the money is owed. accelerating rate as re-employment he %o8 : Good [email protected] Chase real ant % | ae Tel 3 88 i VET 105 3 n : _ In other words the Government | progresses, even on a reduced scale.” 2. 123; y a | Belt Railroad & St Yds com'.. 5¢ ; GC Conting, fal Hiimois "01100 15 Bonn Tel Bee" 0. 5 - : is going to take billions in taxes B B91 ret AIS v 4 {Belt Railroad & fF, Jds pid. oe (900-1100) ci 2a 3 | Guarani”. 0 Ss 5 Baivay & Lite Neel 85... He LL Hel — : 5 - woes 9275 939 ! 2 ; i Ty .50 | Irving |. : 5 ; | a 3 ! from the workers for old age pen Chi Gr in F tures Elec Auto Lite.. 95; 4 9% 39 , 3 5 2 : di 5 9. Manuts firers : ; : Sou Kraft] 4s 46 a 101 P sions, which it is not going to use cago Gra u Elec Stor Bat .. 421 / 191, n° c 5 | Natione | City |. 52 | Sou Nat Gas 415s '51... 100! : ; x it Greyhound New. 15 y 78 | I & Mic (1100-1300) ice . [email protected] | Nations = Shawmut : y 05; | Wisconsin |G & E 3'25 '66 ....1053, for old-age pensions, but to pay its (By James E. Bennett 3 Lo) Pepe Houdallle eat 24 Ind 104 | G 7561150 | First N. tional Boston 5 3 Wisconsin [Pub Service 4s '61..1087x : its ; : PV. arner .. . 17! , ; anne LOL A ’ 2 ee : z : . , deficits; and if it ever has to pay | yw... min A.M. Close | Timken ‘Det Axle 33. ? : : . M rs 11150 8 m— » in the form of mortgage the workers back, it will tax them 1.345 . | Timken Roll 70: rs sid 6 (1300-1500) ch : a 24 : 33 . “ea 7 7 ’ hh, oo " . . 2 aa mia Yn |S Plee BME LUE Mn Token i ood aN 3 ; Investment Trusts loans can be obtained p 103 ¢ i :

: . 153% 4 1.143 153 qa Ss... .. y - . should certainly be changed. ; Wn da Le 7 3 v A Ind Pub 2 0: (500-750) (By Thomas D. Sheerin & Cp here quickly and eco3 S Administered Pund 24

(Copyright, 1937, NEA Service. Inc.) Ls : ; 21% 4 4 1 d.6s...... 89 : d . Asked

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9. 1 Fire : Y liay, 103 .10Y 107 ; ; ; ; c : : : ot 4 19.02 . : ; Juli 06% 1.06% 087 17 1 g drv Co 17 (750-900) omen, mediam- [email protected] | G 22: + | Aftiliated Fund, Ine. (new)... 10. . nomically. Ample funds F ' e etables pt. 02. 02% .013 : Del... ; 3) r B b 8 na , 7 5 Fir 68° 70 4meriean Business Shares ... 1.24 1.36 ilabl All a 2 3 oad Stre : : p - rutis a g : on re WH, 2s : a ez 83 ood 5. raze reel oY , | Bullock Fund, Ltd, +... 3% are avalable. nego. ETN Ie Ioan te 3 ; > 8, an An 481 | Phillips Pet ..." 501, : : % : tiations conducted withS mission dealers.) . / 437 43% -43% i. 3 ! 3 1 y Bulls, good , . pal mE a aw TL Fionth Oil... 265 . 3% 0 Cutter. Tom. oD 3) out involved, time-con-California Avocados, 20s-24s, “box, 45% 1.15 . i1.... 42 / y Other Livesto k Vealers Ss FF 2 Diversified Trustee Shs “B”.. 11. : g : : i Oregon D’Anjou, extra fancy. 110s, ; 075 0 07 08% | Shell Un 5 28 S / : C ols Westche, er Fire .... Diversified Trustee Shs “C”.. 5.10 . suming delays Satiss . glandnas, selected, 1b., Fi " 1.00 : ‘00 : plan : (By United Press) Good d fo SeEinis, 700— 11.5613 b—Bid 2 : f Dlyarsifeg. Trustee Shs “D”. 4%. : » Apples, No. 1 Grimes, 2 inches, up, : So y add Tt ’ , 2 § 00d and choice 11. .00 ’ i : undamenta vodni 24, : Not has Delicious, 2 inches up. | Soy Beans— foe, Y % | oSBICACO. Jan. 5 irHors—Receipts, 33 - | Medium. "10.00 11.50 General Investors Trust 700 17, factory repayment terms =. 1 / / S$ : 3 A * . ° 5 i AIL Laie ae tig sod us (ESS df ls leer then Mesa ofa) © the mec ren va vin odin Permits = | SHES DiS we | and charges assured. No ;_ No. 1 Jonathans. 2% inches up, .60; choice, t Aaryland Fun ; : . ? Ne ay aD Wealtny, 20. inches LOCAL CASH ‘MARKET EP ! 1 212 flo sraip ah: Gi e 50 (250-500) Good and Choice $ Ina 9.50 or 0 dino Boller Co. 828 E. Washing- XMassachusevis Investors ,.. 19.0 25 commissions. i Ra Winter Binangs: 21 inches City grain eievators are paying | gi on of Cal... Ps : st Sattle—Receipts. 9000; es. Soto: fed Feeder and Stocker Cattle “ling 454 3Smever. 336 Berkley St. heat- Nation-Wids “Voting Fal 75: No. 1 Wi . 2%. inches up. Sm st yearlings active, ; : . : . . m a BF Sitont® slmkisi his, Sask ims: | $131 for No. 1 red| wheat. Other| Rails oR fearines and Mehl’ seers Snowing | (90-800) Gogg ana choice 3 £20 175 | James Ward. olor Park Ave. heating, | ARSE 2 ghey Mexican. carton 12s. 25c. Grapes, Califor: | grades on their merits. Cash corn |4lf 3 3, | most advance: good share Monday's late | Common. medium Ev Voollen Jr. 3924 N N Amer Tr Shs (orig)...... nia Emperors, 32-1b. chest, $3.50. Cranber- 2049 '» © 207% | decline regained: all interests in trace: | (800-1050) Good and choice . ansijfoolien Jr. - Delaware st., ies, C. C. Howes. 25-1b. box. $5. Tanger- | NeW No. 3 yellow, 98c. Oats, 44c.iB & 21 y 7» | general killing quality plain: 2 Common, medium. 2 Inet, 73 box erate, 130s. $125. Grapefruit, Hay—No. 1 timothy, |[email protected]: No 344 ] ; 2 | Tittle above $13: top. $13.40" Paid. Tor Tom Heifers— Texas, seedless, 46s to 80s. $3. O AY cl [email protected] LN 1 f t ? 3 hig, id 00 4 ; Ib. vearlings: best weighty steers. $13.5. | Good and choice .. California Sunkist. navels, [email protected]. clover, [email protected];| No. 1 alfalfa, SLE pe 10 3 iy | Several loads scaling 1400-1479 Ibs: stock. | Common and medium ridian ai | 30th Sts. electrical. $3006 Selected Incomes Shares 59 Imo ats. oh cg 02% Gl. 12¢. Pineapples. | first cutting, [email protected]; second cut- [€ M £ & 5% 1a 2 : 5 | Ein Muy killers tak Jactizally every. SHEYP anp gammy, Ross I nge, 229. 5. Meridian St. elec- | 3taie Street Invest Corp 105.00 . Vegetables — Artichokes, doz, $1.25. | Ung, $17.50@$18.50. Nw. ¢ 2 | steady, butt vio FO don Limby. Theses 4000. Te ome Mad Pie Co.. 1917 South Trustee Am Bb BC, Del. 14.20 Beans, Florida stringless, hamper, $1.85. Frie i 14 14 131; | yealers. 12@13c on Shipper Accounts, but eastern | Ye. electrical “$200. WA | XTrustee Stand OQilshs “A” = 779 Erie pfd £ 7ille ; rt

> 2.85 heaton Bag, Quarterly Income Shs (new) 18.74 3 . i thers. 5! ) ! Selected mer Shs, Inc (new) 15.10 ReriTek) Brothers, 530 E. Wagirington St. | gejected Ammer Shs (orig) ... 4.10 indian} polis Life .Insuranc: Co. Me- | Seiccted Cumulative Shares. 10.68

no. OEm-1 or Om Sen

Beets, homegrown, bu. $1. Broccoli, ] ; light kinds at 11c downward. 4 : Trustee Stand Oilsha mn fornis, ease, 83 ‘bunen. lac Money and Exchange |G‘ be oo sh 5,900. including no cietincal Bi. Co oN. Iinets. 8c. | tn. Tres 8° Tay

11 C re 231 2 ; Y oroad demand: | Common ...i.......ooei.s i CW. Lvday, : i : . ag. $1. Carrots. California, INDIANAPOLIS STATEMENT Pee EB 2012 30 3 Sc higher: bids and A atu pa, TN Arlington ave. EE Michigan, mammoth, doz., 75c; | Clearings $_ 4,871,000 ! } Y d $10. (90-175) Good and. choice . |, Bridge’ & Grover. 4723 E. 12th St., elecne Ese, Celery cabbage, home- | Debits Lou & Nash -. 91 1 91 90 t C on, mediu tifical 0

iin, a Ean, AIO, 08 ars] Deri Ey star ean fos 12,617,000 hs 0 a omm : . $1.0. : row 75¢. Cucumbers, Florida, bu. s———— Lis MK&T 1 { 7 i, | stronger: Ha oad SEs 25 b (Sheep 2d Jam auofations 9 Ba) £ Perso rat. 5221 N. Delgware 81, i ! 7; doz. $1.25. Chives, doz. pots, 90c. Egg x ; , . Jan ‘Ho asis. > electrics] 15120 omson C innon Plant, Florida, doz. $1.25. Kale, Virginia: TREASURY STATEMENY Mo Pat i dn a. Ket Stone Ey Inds. Jan. 5. Hogs—Mar. it bu. . Lettuce, Iceberg, Arizona, 4s-5s. (By United Press) Cent Ya , eres x to 30c lower: 225-250 1bs., $10.30 : 505. $2.15: leat, hothouse. 15-1b. bas’ | WASHINGTON. Jan. 5.—Government ex- | N, ¥ New Ah 33 8 IDs. £3,500 0 90 100-nas 11015: 275-525 ; ; 5c. Endive, California, doz., $1.:Pep- | penses and receipts for the current fiscal Nor Pacifle™... 31 : 2180 Ibs.. [email protected]: 140-160 tue’ 40.28: : : NEW YORK MEMBERS ab aneoss, Florida. erates, 3% Soo. gear ending Dec. 31, as compared with a Sou Pacific pif ity i ; : 120-140 1bs.. $09.25: 9 ! _ c. Mushrooms, home- | year ago: : / Ber 2 3 i ~ , 1b. 30c. - Onions, Indiana’ yellow. This Year Last Year |S0u R R : $12 Toughs, 9950 omn, Calyes, : I : CHICAGO New York Stock Exchange. O-Ib. bag. Toc: Western “Spanish, "$1.75; | Expenses... $3,552,829 118.51 $3,781,660,702.23 | Retail Stores— , : % np mbs. $9.23 down: New York Curb Exchange. ®

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doz. 60c. Caulifiower. 11s-12s, crate, $1.75.

doz., 45c. Parsley, homegrown, doz. | Deficit .... 1.394,523,665.61 1.879.65119297 | Allied Stores ... 17 SOUTH BEND New York Coffee and Sugar Exchange. : New Orleans Cdtton Exchange. $3.40; Idaho Russets, $3.50; Michigan | Customs .. 217.390,142.95 '190.167.83165 | Gimbel Bros . Rn Las 300.000 bs.. Cc. S, hamper. $1.75; Indiana Jersey “Possums,”

: : FT WAYUE. Ind. Jan. 5.—Hogs— oe. Parsnips, homegrown. 5% Cash bal... 813 : : Assd Dry Goods 21% 4 Market, 20c lower: 225-250 lbs.. $10.50; 200C 1’ 61 225 lbs : 250 . $2.50; Colorado McClures, $3.35. ——————————— eee Kresge S S FT. WAYNE * SeaED Si Nu 0-lb. bag, 90 <Radishes. buttons, hothouse, (By United Press) McLellan St

Peas. Texas Tel. hamper, $2.25 | Pub. debt..34.406, . : a Best & Co 6 10.40: 250-275 lbs., $10.40 7 91 29 .60: - 1bs.. $9. 1bs. Rutabagas, Canadian, oner Gree ER y A lbs., $8.75: 100-120 1lbs.. $8.4 Chicago Board of Trade. u., AD. ) 1 jg Lo 11% 4 oN i er $775. Sage. dun sgalifornia, 20-1b. bok. | CHICAGO, Jan. 5.—Tggs— Market, weak: | MALehall Field. 551 B41, 5» 3, R 4 ; ; “I \ Indianapolis Office Ang vehes less Bscnaneor

Northern White, = $1.25. O » | Receipts .. 2,158.305.452.90 1.902009 509.26 native lambs, $5 dow TORONTO New York Cotton Exchange 1. $2.25 ! - Eotatocs Maine Green Mountains, 100-1b. | Gold Res..11,257, 581,562.83 10,120.64 7 First Natl Stores i ! 50 .. $10.35: J30-200 i a “re 7s 7 . Sweet Potatoes. Tennessee Nancy Hall Pr oduce M arkets Macy 521 , | Troughs, $9.25; stags, $7.75. Calves, $12.80, \ i o 7 1 p McCrory St .... 8 1 1 Lambs, $9.50 ! pil >, EV ANSVILLE Witnipee Grain Bxchangs, 81.25. Sage. doz., 45c. Spinach. Texas,

ss . | receipts, 9946 cases; fresh graded firsts, ; Dd hn 2llots, iis 20s, Saumsh, Hin. 27c; extra. firsts, 27%e: digties, 23c; cur- | Penney J C

$1. Tu : ? ; wien DS : i ; . : toes. hothouse. £-Ib. basket, $1.85, Bur pare, en recepis, cam | Shae Hoehne £0 fn 8 | 3B kms | Hr 200-214 CIRCLE TOWER LI. 5501

tubs: extra firsts (90-91', score), 33Yz@ | Woolworth {

(By United Press) 33%c; extra (92 score), 34c; specials, 34% P b . 2 CHICAGO, Jan. 5.—Apples — Michigan @ioe; firsts, 33%2@33%e; standards, 3de, Rubbers— . : I av osh, 3

McInt [email protected], weet Potatoes— Poultry—Market, steady; ts, 47 | Firestone 333 323 4 8 1 Louisiana Porto Ricans, [email protected]. Car- | trucks; geese, 12@13e; ‘ducks, 11@17c; J 3 ; : 0c@$1. Spinach — | Spring chickens, 1617c: broilers, 17@19c: Tomatoes—Mexican, iugs, | hens, 14@19's¢; Leghorn hens, 9@14c; old wer-—California, 12¢

Peas — California, Hg o Cheegi— vis, Haase; daisies, 17% Steels— We : okie | fairly goods. Boater, Hoderate;, demand, | Am, Roll Mills. 3374 i 15% ji y PPI : iis i St Indiana and ihington Russe, Burbank, NS: Corbrads & ih B2 5 Ba i \ PLAN (GG 1 ve th © (3 0 n g If Tenitories and Irisgia P or Produce Markets Sates, gisadis, U, , Sommercisk, | Kejrions Staci” 1 Fh Hf Fe +,» edarsl and Joint Steck Lond Bek Bn sTTvals, 276; ]

2. 2 : 4 on track, 42; shipments, Ma Steel 3 D § L A VY A ® 3 nie @ Hi | Oo | i : Unic 1 quoted tis Steel 16% 16 6Y ] i iving. iE the arage va PE i age ga hered in the country while iz oo Rep Iron & Steel 28 . 27%, 2 0p to winter driving eave your: car in 9g 9 Indian a Muni ipal an | Corporate Securities

eries in Indianapolis the prices are 1 cent : - , +h wh I thin d i ; ih | bolle in Yo vn. higher. Each full case os - ese slippery mornings an ake Qi} y ; 55 pounds gross.) RRS must weigh | | Aluminum

Eggs—No. 1 strictly fresh, loss of, 2c POSTURE TICKET ORDERS ACCEPTED NOW— : No use taking chances on icy street and freezing tem-

feavy breed hens. 5 lbs. and 11k : : . ! in the trolley. , Hea reed hens. 5 Ibs. and over. 120: CHAIRS | peratures. You'll save and be safe (n y heavy, 8c. Heavy breed springers w- / Ibs!, 9c: over 41; Ibs. llc. Leghorn hreeq ’

2” be ; = » 4 : g 4 ec. Ducks. Tul-Toaht ; Employee Comfort * SL : Indian lis Bona and Share at, 5 Ibe. aid un 9c Gens Tull ean is good busiess! TICKETS READY FOR DELIVERY JANUARY 8, 1937 I ndianapolis ‘R ailwa ys lanapo ? re Corp.

Real Estate Bonds and Preferred Stocks General Market Securities

Turkeys. voung toms. ; 129 EAST MARKET STREET er" 13 od Nome it || GP W. C. BRASS INDIANAPOLIS MOTOR SPEEDWAY CORP. : |

: , and Assnciates kin ay C1 HE RS, : oi 134 8. Mer. Ri 9127 : 444 N. CAPITOL AVE. Lad a el 3603