Indianapolis Times, Indianapolis, Marion County, 7 January 1937 — Page 10

Trends

NRA Revival Will Get Attention, Flynn Says.

l—_BY JOHN T. FLYNN

EW YORK, Jan. 7.—All signs point to the fact that Congress will be forced to give a very great deal of its attention to a revival of the NRA.

need for this is now being

widely publicized. Whenever advocates of reviving the NRA address the public mind they adopt a well- Tocoguized technique. The a nnouncement, address or other form of communication always talks about wages and hours. The public is informed that wage standards are being broken down and that workers are being forced to work long hours and that other abuses are being imposed upon our exploited laborers. Labor leaders, therefore, are in favor of some kind of law under which emplcyers will be prevented from cutting wages or increasing hours. One way of attaining this is to pass a law fixing minimum wages and maximum hours in industries engaged in interstate activities.

Mr. Flynn

#2 » 2 “HE trouble with this, of course, is that the Supreme Court would probably declare it to be unconstitutional. Therefore, it is proposed that employers be permitted to come together in agreements covering wage and hour factors in business. This is one of the things that the NRA attempted to do. But it is very important to remember that the NRA had in it a great deal more than this and that those who wish to bring it back also wish to bring back many if not all of these other things. The other things comprehended chiefly the regulation of trade practices. Business men carry on their affairs according to settled practices. Some of these practices are considered sound and useful. Others are looked upon as unfair. Some of these so-called unfair practices are in reality unfair— they are dishonest. But others may or may not be unfair according to the point of view from which they are looked at. The dishonest practices ought to be eliminated, but the others ought to be examined very closely to determine whether or not they are really unfair. 2” 2 2

NDER the NRA the method of /- dealing with this problem was to turn it over to the employers in their trade associations and let them decide what was fair and what was unfair. Of course they thought in terms of their interests and not the public's interests. One of the things trade associations, would like to do is to cut down competition. They would like te limit production and keep prices up. If you can limit production you can keep prices up automatically. - You can keep prices up by keeping new rivals from entering your industry. You may do this by all kinds of credit regulations. These things are essentially bad for society. We should be careful when we are talking about wage and hour regulations not to use them as smoke screens for bringing back - these other things. Therefore, when you hear politicians and business men talking about reviving the NRA toprotect wages and working hour standards be sure that they do not sneak over on you another plan for

regulating trade practices. (Copyright. 1937. NEA Service. Inc.)

Fruits and Vegetables

(Quotations below subject to change, are average wholesale prices being offered to buyers by local commission dealers.) ruits—Pears, Oregon Bosc. 100s, 120s, $3.50: California Avocados, 20s-24s, . $2.50; Oregon D’Anjou. extra fancy. $3.50: 120s. $4. Bananas, selected, Apples, No. 1 Gri No. Jndisne Deligious, $2. 250 No. inches uh:

1 Indiana Golden Delicious, op $2: No. 1 Staymans, 21, inches up. $2: NM 1 Jonathans. 2'2 inches up, $2.10; No. 1 New York Wealthy, 2% inches up, $1.65: No. 1 Rome Beauties, 212 inches up, $2; No. 1 Winter Bananas. 2'2 inches up Br 75: No. 1 Winesaps. 2Ya inches up, $ mons, Sunkist, 360s, $5.50. Limes, Son carton 12s, 25c. Grapes, California Emperors. 32-lb. chest, $3.50. Cranberries, Cc. C. Howes, 25-1b. box. $5. Tangerines, '2 box crate. 120s, $1. 25. Granefruit, Texas, seedless, 46s to 80s. nges, Califorria Sunkist. navels, $3. 2503, 50. Kumaquats, Floridas, qt., 12¢. Pineapples. 30s. crate. $4.50. Vegetables — Artichokes, doz. $1.25. Beans, Florida Singles hamper, $1.85. Beets. homegrown, bu.. Broccoli, Caliornia, case, $3; bu neh, 15¢c. Brussel er drum, $2.75. - Cabbage. New -1b. bag. $1. Carrots, Ca Hornis, Cauliflower. 115-12s, crate, $1.7 Michigan, mammoth, doz., 750: medium, doz., 45c. Celery cabbage, homegrown, doz.. 75c. Cucumbers, Florida, bu., $7: doz.. $1.25. Chives, doz. pots, 90c. Egg Plant, oii. doz.. $1, 2 Kale, Virginia, U... 7 g. Arizona, 4% -5s, as-

75; leaf, hothouse. 15-lb. dive, California, doz.. Mangoes, Florida, crates, doz., 60c. Mushrooms, 30c. Onions, Indiana yellow. 75c; Western Snanish, $1.75; “White, $1.25. Oyster Plant. P Bomegiov: doz., foeEowh $2.25. e tamper, Potatoes Maine Green Mountains, 100-1b. bag, $3.40; Idaho Russets, $3.50: Michigan Rurals, ; Colorado MecClures, $3.3 , Canadian, 50-1b. bag, 90c. otatoes, Tennessee Nancy Halls, hamper, $1.75; Indiana Jersey “Possums,” bu., $1.75. Radishes, buttons, hothouse, . 75c. Rhubarb. California, 20-1b. box, Sage, doz., 45c. Spi nach, Texas, be Shgilots." doz. 35. ‘Sauash, Hubos nips, bu : matoes,” hothouse. 8-1b. basket, $1.65. Tome

(By United Press) CHXCAGO, Jan. 7. — Apples— Mcintosh, $1. 501.75. Be Loaaohigan Louisiana Porto Ricans, $1.90@2. Carrots— Illinois, bu., 60@85c. Spinach— Texas bu 50@85¢. Tomatoes—Mexican, lugs, $0002. 5. Cauliflower—California, crates, [email protected]. Peas — California, hampers, $2.50@ 3.50. Sosy Cuichigan, i ate crates, 60c@ . Onions ( b. sacks)— ; 1 Yellows, 25@65¢c. : Tiliots and

Produce Markets

(The prices quoted are aid for gathered | in the country, ao for Sox Lhies in Each Tul! ca the prices are 1 cent : ach full c Piehet osn] ase ol eggs must weigh ooggs—-No, 1 Siti fresh, loss off, 22c

Feavy breed hens. 3 under 5 1bs., 13c; heavy, 10c. Heavy bree bs., 10c; over 1 Jos. 12 springers, c eav reed stags, 8c; Leghorn breed stags, 6c; heavy eo ‘cocks, Ducks, full: feathered and fat, ‘bs. Geese, full-feathered Be fat,

lbs. and over, 15c: HE breed hens,

Leghorn breed

C. ‘But ter—Creamery. No. 1, 38@39¢: No. 2, 35@36c. Butterfat—No. 1. "ane: 3, ite.

PAGE 10

THURSDAY, JANUARY 7, 1937

o oo Abreast of The Times on Finance pS s

reported today.

U.S. Mints The nation’s mints stamped out 722,976,721 coins valued at $6,388,101 during 1936, the greatest amount since 1919, the peak year, Mint Director Nellie T. Ross

Busy

ALL-TIME PEAK.

ESTABLISHED IN PETROLEUM USE

Production and Consumption Figures for 1936 Show Record Totals.

Times Special NEW YORK, Jan. 7.—Praliminary estimates indicate that world production and consumption of petroleum reached an all-time high in 1936, according to the Cities Service Ca. The output of crude petroleum and related fuels will total about 1,847,100,000. barrels or 151,000,000 more than in the previous year, while consumption is estimated at 1,760,000,000 barrels or an increase of 162,000,000 barrels, the company said. The outstanding development during the year, the report said, was the increase in demand ‘in the United States, where domestic consumption increased about 109,000,000 barrels over 1935. The magnitude of this figure may be better realized by noting that it would take the combined production of Iran and Dutch East Indies or that of Rumania and Mexico in 1936 to supply the gain in consumption in the United States during the year.

U. S. Total Increased

Preliminary import and consumption figures indicate that the demand of the world outside the United States for 1936 will be about 53,000,000 barrels greater than during the previous year. Production of crude petroleum and related fuels -in the United States increased: 106,000,000 barrels, or approximately 10 per cent, while in all other countries the increase is only about 45,000,000 barrels. Exports from Russia continued to decline, it was said, hence the increased production in this country had little or no effect on the marXets in other countries. Venezuelan production reached a new peak of close to 163,000,000 barrels—8,000,000 barrels more than the 1935 production. Rumania’s -output increased 3,000,000 barrels or approximately the same as Iraq which is now producing close to the limit of its transportation facilities to tide water. While new potential production was developed in the Poza Rica field of Mexico prolonged strikes and other difficulties curtailed output. Unquestionably the world petroleum industry enters 1937 in a more favorable statistical position than it has experienced in many years, Cities Service said.

STOCK [ISSUE

Times Special BANGOR, Me., Jan. T.—Approximately 75 per cent of the new 5 per cent cumulative convertible preferred stock issue recently offered by the Bangor & Aroostook Railroad have been taken by the preferred and common stockholders of the road, it was said today. The rest has been sold to a syndicate, the company said.

IS SOLD

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

Administered Fund 2d Affiliated Fund Inc American Business Shares ... Broad Street Investing Bullock Fund Ltd

1.38 37.59

la |

24.18 Century Shares Trust .46 Corp '' or “Aczu” orp ‘‘AA’” or ‘Acc’ (unmod) Corp Trust Shares (orig) . Diversified Trust Shares Diversified Trust. Shares Diversified Trust Shares Dividend Shares Inc Fundamental .. General Investors Trust Incorporated Investors *Market Street Invest Corp.. Maryland Fund *Massachusetts Investors . Mutual Investment Fund Nation-Wide Voting North American Tr Shs 19536. North American Tr Shs 1956. North American Tr Shs (orig) Quarterly Income SHs (new). Selected Amer Shs Inc {new). Selected Amer Shs (orig) . Selected Cumulative Shares . Selected Income Shar State Street 4nvest Gorn “Supervised Shares Inc Del) Trustee Am : *Trustee Stand Oilshares ‘A’ Trustee Stand Oilshares ‘“‘B” *Ex-Dividend.

U EA.

(By Blyth & Co.) Bankers Trust Chase. Hanover

cal Sahl’ Tilinois

> NOOHIIIDN0! | | 0 o

00 = COND)

Bid. Asked.

Manufacturers . National City National Shawmut . First Naviona} on 50 E INSURANCE Aetna Fire I American Ins of Newark Baltimore American City of New Y Franklin Fire Federal Insurance Great American Insurance. | National Fire Hartford Home Insurance . Hanover Fire .... National Liberty , North River ... Phoenix

S Fire Sey Werth iter a 34th b—Bid.

Produce M Markets

(By Snead Peesn) CHICAGO, Ja Eggs — Market, steady: receipts, So, 05 ¢ ey reel B raded firsts, 25%c: extra firsts, 26c; dintien, 21c; current receipts, 24@24%¢; checks, 20c. tter—Market, steady: Tecoipts: 5436 tubs; extra firsts (90-91! scor 331200 34c: extras (92 score). 34l'%c; iit 35 eae; firsts, 3312@34c; standards, 33%

a ciltry— Market, unsettled: receipts, 39 trucks: geese, 12@13c; ducks, 1l@l7c: spring chickens, Bie: broilers, 19@21c, hens, 13@18c: roosters, 11@12c. Cheese—Twins, 114 @13)ac; daisies, 17% @]18c; -longhorns, 173% @1 Potatoes—Supplies, y demsnd, Li market, strong; prices, higher; I daho [email protected]: U. S.

set Burbanks, 0. 2, Bliss Trium Bes $200

362

$2.75; Wyoming Wisconsin’ Round Whites, $2.25 Commercials, 2.15; Minnesota AR [email protected]: Florida Bushel Crates Bliss Triumphs, $1.75. sivals, 60; on track, 221;

Rurals.

shipments,

RUGS-LINOLEUMS

Rug Border, 29¢ vd.—9x12 Rugs, $3.95),

P{ IRAN PY REAM

BRL House

GENERAL INVESTORS TRUST

A Boston Type Mutual Investment Fund Composed of Common Stocks.

Prospectus and Other Literature on Request.

T. >. BURKE 8 COMPANY

Merchants Bank Bidg. Fort Wayne

INCORPORATED INDIANAPOLIS South Bend

Riley 8535

leghorn hens, 9@12'%c; old |

New York Stock Exchange Prices

> (By Thomson & McKinnon)

High Low A.M. Amusements— Loews Inc .. Paramount . Radio Corp

20th Cent Fox.. Warner Bros ... Av.ation— Aviation Corp .. Boeing Aircft Curtiss Wright. , Curtiss Wr “A”. Douglas Air .... Nor Am Av .... Sperry Corp .... Uni Air Lines .. Uni Aircft New Trans Contl & W

Building— Am Kk Radiator

19% . 26% 38%

tar Johns Manvilie : Libby Ovens Gls 72 Otis’ Ele 3714 Us PA, ve 12302 Chemicals—

Air Reduction... 78'2 Aled Chem . 32 Am Com Alcohol os Col Carbon ....1191% Com Solvents. . Du Pont Freeport Tex... Liquid Carb .... Monsanto Chem

Unjon Carbide . U S_ Indus Alco oon Am Home Prod.. Drugs— Bristol Myers.. Lambert Sterling Prod . 27% Un Drug (new). 147% Equipments— ‘Am Brake Shoe. To Ant Oar & Fdy.. de Am Steel Pdy-. Bald Loco

Pullman Inc .... West. Air Br.... Westingh Elec. . Financial—

Adams Exp . Allegheny Corp Am Int Corp '. Comm Credit .. Comm Invest Tr. Lehman Corp .. Transamerica ... Foods—

Am Sugar Armour Armour 69, pfd 88 Beatrice Cream'y Borden Prod.. Cal Packing; Can Dry Ale Cont Bak ah Corn Prod Crm of Wheat. . Cuban Am Sugar Gen Baking.... Sep, Foods W Sugar Hecker ord Holly Sugar .. Natl Biscuit ..

Purity Bak S Porto Rico Sug Std Brands Swift & Co Swift Intl Household— Col Pal Peet.... Congoleum Kelvinator Mohawk Carpet. Proc & Gamble. Servel Inc ...... Simmons Bed .. Mining— Anshan Jun....

md NS ene 6

tance

ty @®> BNR

BRITON IRD DIO N= -10 or

Kennecott Cop.. : McIntyre Mine.. Utah

Miscellaneous—

Allis Chalmers Amer gan =

Burroughs Add. . J Case Contl Can .. 677% Caterpillar Tract 87%s Crown Cork 7!

Int Bus Mach.. Inter Harv .

Wortbionon P.. Motors— Chrysler Gen Motors Graham Mot Hudson . abe Mack Wrridek eins Nash

Reo Eoudebaker White Motors ... Yellow Truck ...

Motor Across Bendix

Bohn Alum Borg Warner

Elec De AT Elec Stor Bat . Greyhound new

-| Houdaille

Stew Warner 1 Timken Det Axle Timken Roll... 171

Oils—

Consol Oil . Cont of Del .... Houston (new). Mid Cont Pet . Ohio Oi

Corp Philips Pet Pry mouis ofl ...

Oil er State ... Seaboard Oil ... Shell Un Skelley Oil Va.

Texas Corp Tidewater Assn.. Un Oil of Cal Rails— Atchison 74 Atl Coast Lines. B & O

gia 11:00 \ High Low A. wl

Gt EH Pid, me KC on

Prev. _ close

42 232 17%

. 23%

91%

Wes Sarviand. | Retail Stores— Allied Stores ... Assd Dry Goods Best & Co First Natl Stores Gimbel Bros . 3 Jewel Tea .... Kresge S S Kroger Citos ies Macy R H

Woolworth Rubbers—

Firestone Goodrich

csnnig S Rubber .... 47 U S Rubber pfd. Steels— Am Roll Mills.. Beth Steel .... 75% Byers A 3 33% Cruc Ste ie Inland Lely wwe 138 Keystone Steel’ .. 17% Ludlum Steel .. 307% Mid Steel 39% Natl Steel .... a Otis Steel 173% Rep fron & Steel 33% Sharan eg] & Fdy Biz

Eber 1420 . v3

337%

U Ss Stee U Ss Steel Wrn Pipe Ygnstn S & Textiles— Adams Woolen.. Amer Woolen Belding Hem ... Celanese Corp. . Cluett Peabody.. Collins Aikman . Gotham. Hose... Indus Rayon ... Real Silk 1 Tobaccos— Am Snuff Am Tobacco ‘A’

Chicago Stocks

(By Atkins, Hamill & Gates)

262

94%

10 a.m, Prev. Close.’ close. Advance Alum ve's 5 5 Asbestos Manufacturing Associate Investors

Bruce E L l y, Central Illinois fly Service. . Chicago Yellow C 25} Cities Service Commonwealth Edison ord Consolidated Biscuit, Dayton Rubber Cunningham Drug Electrical Household ... General Household .. Godchaux Sugar (A) Godchaux Sugar (B) Great Lakes Dredge Jarvis Co Ken-Rad Tub Libby MeNeil end Libby. Lion Oil Marshall Field McCord Radiator Mid-West Corp pfd .. Noblitt Sparks Northwest Bank Standard Dredge pfd . Swift International .... Schwitzer-Cummins ..... Sundstrand Woodall Zenith

. 32% 27% . 25 131 34%

New York Curb

(By Atkins, Hamill & Gates) ! 10:00 Prev. Close. Aluminum Co pt America ells 15 American Airlin Am Gas and "Electric American General 1 Arkansas Natural Gas “A”... oper Eessemer

Electric Bond and Share Eagle Picher Lead Ford Motors Canada “A” .... 24 Greenfield Tap and Die Corp. . Gulf Oil Penn Humble Oil ond Refining Co.. Hyler Preferred Lion

Php ed pd bd IED DNIDORNI CO CO AN

Bedard Sin of Ohio Sterchi Brothers .. Sunray Oil Stutz Motors Tilo Roofing Twin ‘oach Woodey OB etroleum

ds “L

_|.Local Securities

(Bv Indianapolis Bond and Share Corp.) The fololwing quotations do not represent actual bids or offerings, but merely indicate the approximate market levei based on buying and selling inquiries or recent transacitions.

BONDS

Ind Assoc Tel 415s ’65.. Bia.

62 3%

3 41

Kokomo Water Works 5s '58. Morrig 5 & 10 Stores 5s '50 Muncie Water Works 5s ’65.. Noblesville H IL & P 6's '47.. hio Tel Serv 6s 247. nO t S ’57.. eymour ater Co 5s "49. . : H Trac & L 58

eRe

~ »~

CRARRONORRO DBD

Belt Railroad & St Yds com... Belt Railroad & id.. 2 Cent Ind Pw Home Tel & Ing k Dines He Co pf ic ec’ 0 Ind Gen Serv Co Pid ot Ind Hydro Elec Co 9 Indpls’ Gas Co com or i. va Indpls Pwr & pfd 65. Indpls Pwr & Lt sil 61s. 1

Progress Laundry Pub Serv Co of Pub Serv Co of IT

THE FIRST FEDERAL

First

OF INDIANAPOLIS

NOW IS THE TIME TO START the New Year Wisely!

Invest Your Savings with Saloly and Earnings in ASSOCIATION OF INDIANAPOLIS!

® It has always paid dividends. ® Its accounts are insured up to $5000. ® It is supervised by U. S. Government. ® ts shares are tax free.

/ ACT NOW! full year's dividends. Accounts opened— large or small—before the 10th of the month get credit for a full month.

Federal Savings

AND LOAN ASSOCIATION

A Member of the Federal Home Y.oan Bank System

SAVINGS and LOAN

Get the benefit of a

2 E. Market St.

N. E. Corner Circle & E. Market—LI. 2565

11:00 Prev. A.M. Close.

96'2 962 23 23 9 5612

High, Am Tobacco ‘B’. 96%; Bhiil Mt 7 orris Reyn P Tob “B’.. eo

Am & For Pwr.. 8% Am Power & “ligdrs

9.719 . 56%

83s 14 aia 18475 ks. 26% 78 Col Gas & Elec. . . Comm Sou... Consol Gas Elec Pwr & Lit.. Int T & T Lou G . Nat Pwr & Lit.. Nong Amer G & BE ...

Peoples Gas .... Pub rv N S0 os Edison...

Std Gi Stone & Yeuster

cee

Western Union 19%;

8 New Bond Issues (By W. L. Lyons &: Co.)

’ d. Asked. Allied Stores 4lzs 100 La Gas ’d

on . era Teeth Gunde o . =

@ Ree e

SA = 0 0

Cincin G & E 3 Sn Cleve Tractor 3 “as . Comm Credit 3%s 21 v s G L&P 3%

Con & Gudahy Pkg 3%s 35'S i ny. Pkg 4s ’50

hd et fd fd fed fh fk

— [=1 « JN OVI

BES. 030 Oooh OJON

3 & Indpls aie 3's owa Sou Uti 5%

IL) he G3 BBE RR

Narra Elec 3'%s 66 . New Rngland Pow 34s 61... N Y Chgo St L 4

NERC RT

hh dh fd fh fd fd fd fd fd nd fod fd fd fd fo fd fd fd fd 0 S =

Pac Lighting ales ’45 Pac Tel 3%2s ’6 Pac Gas Lite Coke 4s 61°. Penn Tel 4s ’65 . Railway & Lite Sec 415s’ 55. . al ir '65 1

G & 6 Wisc Pub Sve big 61... aes ae 1

Local Livestock HOGS Bulk. [email protected]. 10.50@ 10.85 [email protected]

Dec. 30. 31. Jan.

Receipts. 6000 4000

10. 55@ 10.80 ght Lights (140-160) Sood and Medium

Lightweights— (160-180) Good 2nd

(180- 200) Good ‘and Medium Welsh

(200-220) Good (220-250) Good

3. 5. 6. 7: _Li

. [email protected] . [email protected] . [email protected] [email protected]

. [email protected] . [email protected]

[email protected] [email protected]

choice. “choice. d choice. and choice.

choice... choice.

ac (27 (3 (42

(2 Slaugh (100-

(550-900) - Gol

AIDA Ry a sled atiahid mach nb

O13’ ILI ~TeT ICN CMO TT INDO NUOO

C (900-1100) Go

ie: DD:

C (1100-1300) G

re © rap} DH ID be Gyn O bk

UIoUIOIOOUIUNIO LOND 3 ~

NOI IUNO “I=IN D =3=T 29993 993 HRD

M (1300-1500) Good

(500-750) Sool

od mon, medium. (750-900) Good and choice..

d Low cutter and cutter Bulls, good Cutter, com.

—Receipts, 500— Good and choice ............. [email protected] [email protected] [email protected]

(250-500) Good and choice $ 7.50@10. % mmon, medium. 5.5 0 7.5 Foo and Stocker Cattle (500-800) Good and choice..$ 6 Common, medium. 5. (800-1050) Good and choice . 6. Common, medium. 5. Heifers— Good and choice . Common and medium SHEEP AND LAMBS

—Receipts, 5000—

:! 7.50@ 8.50

Vi90- 175) Good 2nd choice. . fon 590 Comm medium @ 4.00 ba {Sheep and lamb avorations o clipped

Money and Exchange 2 * INDIANAPOLIS STATEMENT Clearings essay $3,898.000 Debits 9,597,000 TREASURY. STATEMENT (By United Press) WASHINGTON. Jan 7.—Government

expanses and Lg for the current fiscal year ending Jan. 5, compared with

a year ago: This Year. aaast Year. Fspepces $3. 638,111,988.7 839, Zan: 13.2 Receipts. 219.712.731.76 3 530394 ,619.28 4 9,257.03 1,909, 44 45. 194.04 5,977.1 2.285.1 3,874.41 30,553 350 532,701.7 1,140.09/

3 3 10,128.741,221.82 192.6174,687.07

Customs. .

Report of the Condition ‘of the

‘Western Saving &. Loan Association

of Indianapolis, Marion County, Indiana, at the clos€ of business on December 31, 1936.

RESOURCES

Cash on hand and due from the banks ...$ 61,728.02 HOLC bonds owned .. 17,600,00 Other U. S. Government securities owned « 80,500.00 Other bonds owned .. 2,600.00 Mortgage loans ...... 155,300.50 Other real estate— book value .........

5,000.00

tele eeeeeee TOTAL ............$322,728.52

LIABILITIES

Book value of installment shares .......$218475.34 Book value of loan Shares ......... vives Contingent fund ..... Undivided profits ....

47,852.91 27,000.00 29,400.27

TOTAL ............$322,728.52

State of Indiana, County of Marion, ss: We, the undersigned officers and directors of the Western Saving & Loan Association, of Indianapolis, Indiana, do solemnly swear that the above statement is true. J. P. FRENZEL JR., President WM. C. GRAUEL, Secretary OTTO N. FRENZEL, Director ROBT. E. SWEENEY, Director HARRY ‘J. HERFF, Director Subscribed to-and sworn before me this 4th day of January, 19317.

THOS. A. RESSLER, otary F

a SR RN

06S OVER 160 J0UNDS CLIMB

{iemain Firm; Receipts Total 6000.

V. eights above 160 pounds made a urther advance of 10 cents tod: v at the Indianapolis Union Sto: kyards. Underweights remained stes ly. Receipts totaled 6000 and hold vers, 508. A the close 160 to 180 pounders sold for $10.65; 180 to 200-pound weig ats brought $10.70; 200 to 225 * pou. ders were $10.75 and the 225 to 250- ound class were $10.80. : cking sows were steady “and sale ranged from $9.10 to $9.75, top $9.7. Weights of 235 to 250 pounds sold (for $10.70; 250 to 260 pounds, $10.f3; 260 to 275 pounds, $10.40;

pou: ds, $10.10; 300 to 325 pounds, $10; 325 to 350 pounds, $9.90, and 350 | 0 400-pound weights were $9.80. Cattle Classes Plain

Ir the lighter divisions the 150 to 1 0-pound class brought $10; 140 to [30 pounds, $9.75; 130 to 140 poui ds, $9.50; 120 to 130 pounds, $9.28 to 1 0-pounders were $8.75. Ki ling quality was plain in the cattl | markets and very little was done on steers and yearlings with indic itions of weak to lower. Cows and heifers were . fully steady in fairl Th bulk of the steer crop was eligiti ie to sell at $7 to $9. One load of 12 10-pound steers sold for $9.35. Most heifers ranged from $5.50 to $7.50. odd head at $9.

Lamb Market Gains

Be: | cows were $450 to $5.50, the cuttei grades $3.50 to $4.25. Practical top ir sausage bulls was $6 with the v ry weighty kinds up to $6.25. Recei its Toieled . 1200 cattle and 500 calves Ves ers were “50 cents higher and ihe bulk of the better grades range | from $13 to $13.50. The sheep market was 25 to 50 cents higher with all classes showing te upturn.” Better grade fed westei 1 and native lambs sold for $10.75 yearlings mostly $9 to $9.25.

0 | The k ilk of the slaughter ewes were

$3.50 to $4.50, top $5 on choice lightw sights. Tsveipis were 5000.

Other Livestoeh

(By United Press) CHIC \GO, van. ‘i.—Hogs—Receipts, 25.000, iniithaing 500 aireccy; market, strong to 10c| nigher than Wednesday's average. heavy iieners up most; top, $10.60; buik, good al i choice, 18u-3UU lps., $1U. 3010.50; compar ble 150-170 lbs., largely $10. 1oWw 1U0.40; k ‘st sows, $10. Cattli —Receipts, 8500; calves, 1500; better gra © fed steers and yearungs, steady; such k ids sewing largely av 312.50 upwards; 2p. $13.85, pala for wota yearling and me fium weight steers; lower grades, weak te¢'25c lower; all other Killing classes less act ie, but largely steady; bulls, mostly $6.60 d{ ¥n; vealers, 31213; largely $liiw 12.50, s ipper Kinds; light vealers, $10.50@ 11.50; s sckers and "feecers scarce, market, firm; ¢ mmon Kinas, [email protected]; better graves, i upward with meaty 1 seders, $8

eer Receipts, 12,000, including 2009 hoi fat lambs in 1airly broad demand; understi ne, strong to higner; aged sheep, firm; 0 ler classes scarce; good to choice native | hd ied western lambs bid $10.50 and bel Ww; now asking [email protected] and better; sattered native ewes, [email protected]. LAFA BETTE, Ind., Jan. 7.—Hogs—Market, 0, nl 20c higner; pigs, steady, 220-<00 [email protected]; 2Ou=-4id IDS., $1V.2Ui (h-32b 10s., [email protected]; 180-225 1 .,[email protected]; 1lbu-13u Ibs. Slu.zuvw 3 1 )-160 1bs., [email protected]; 120- 140 1bs., $9@Y. 25! 10u-120 Ibs., $35. 500 8. 45; rougns. $9.00 d¢ rn. Calves, $12.50 down. Western lambs, | 310.25 down; native lamps, $1v down. || yont WAYNE, Ind., Jan. 7. — Ho 10 20¢ nigher; 225-250 § EC ; 200-275 180-200 300-350 $9. (5; 140-150 ibs. $9.15; 120-130 Si, $8.60. Roughs, $9.25; $10.

0gs ibs. ibs., 10s. ibs. 1bs., H 1hs., 10-120 1bs.,

stags, $ |75. Calves, $13. Lambs,

{10CENTS HERE

Un erweigiits, Pac Packing Sows :

110 to 120 pounds, $9 and 100

active trade. Bulls were firm. }

N. Y. Bonds

(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 average equals $00)

(Copyright. 1937. by Standard Statistics)

(By. F. S. Mosely & Co.) S. GOVERNMENT BONDS Prev. Close.

Close. Treasurys

101.11

102.28 103 105.1

105.26

1904 105.i1

1949

DOMESTIC Today's Bond Leaders—

Utilities P & L 58 59 ........ 60 Utilities P & L 5s 47 Del and Hudson 4s ’43 Brazil 8s 41 NYNH& H 4s ’55

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An Coast Line 4 ‘Atl Coast Line & S

Col Gas 5s Ap! Col Gas 5s '6 Can Pac Perp 4s’ Cent. Pac 55 60 .. Big Four es a . Bis Four 5s Chi & West a 4s 52 Chi & Nor West 434s '49 Con. Gas 4's '51 Chesa Corp 5s

Grt Northern -‘G’ 4s ’46 Grt Northern ‘H' 4s ’46 Grt Northern 4!zs_ nL ; Gen St. Cast WW 5% Hud & Manhat Jeol 3

63 Interboro Rapid Trans 5s jes. : Intrentl Hy Elec 6s 44 3 Interntl Tel & Tel 4%2 s 39 . Interntl Tel & Tel 55 ’55 ve Interntl Tel & Tel FE 52 .. 7 Lehigh Valley 4s 2003 McKess & Rob 52s '50 o Kan Natl Dairy 33s al Natl Steel 4s 3 Nickel Plate 41% Nickel Plate 517s 4 .. N Y Cent 55 2013 N ¥Y Cent 4l2s 2013 (old) N Y Cent Cony 6s '44 Nor Amer Co 5s Nor Pac 3s 2047 Nor Pac 6s 2047 New Orleans Term 4s '55 Otis Steel 5s ’41 Penn Ry 4s ’63 Penn Ry Penn Ry Penn Ry

Pac G & E 5s Pasting Gen B 415s %0 ..... ( Para Publix 6 Penn P Fostal and

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NY NH & NY NH Warner Bros 6s ’ Western Mary 5las Western Union 5s ’ Youngstown 5S & T Youngstown S & T

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Argentina A 6s Jusiraig 415s or 41.

German German

Ro 3 Tokio City 502 Yokohama 6s

121.11°

START HEARING ON REVISION OF FREIGHT RATES

i Additional Revenues Sought

By Carriers to Meet Rising Costs.

By United Press WASHINGTON, Jan. 7.—General revision of basic freight rates as proposed by Class I railroads will provide additional revenues to meet rising costs, Dr. Julius 'H. Parmelee,

‘| railway economist, told the Intere

state Commerce Commission yes= terday. Dr. Parmelee was the first witness at a hearing on rates proposed by railroads to restore approximately 62 per cent of the esetimated $10,060,000 monthly revenue lost with expiration of emergency surcharges Dec. 31. The annual cost of materials and supplies is now approximately $140,« 865,000 greater than in May, 1933, Dr. Parmelee testified. The increases inciuded 38 per cent for cross-ties; 19 per cent for iron and steel products, and 22 per! cent for miscellaneous items, he stated.

Traffic Still Below 1930

“While the volume of freight traffic and the resulting revenues Lave shown an improvement in

1636, they are still considerably be~ low 1930, the first of the depression, "N\ Dr. Parmelee said.

Counsel for the carriers will argue that the additional revenue would consolidate recovery gains made by railroads. J. J, Pelley, president of the As= sociation of American Railroads, has reported that gross revenues for Class 1 carriers during 1936 were approximately $6,000,000,000, highest since the 1930 total of $5,281,197,000. Net income for 1936 was estimated at $150,000,000. The emergency charges became effective April 18, 1935, and were to expire June 30, 1936. The commission denied the railroads’ petition June 9, 1936, to continue indefinitely the emergency charges, but extended them until Dec. 31, when they were ailowed to expire.

CHICAGO STOCKS HIGHER

Times Special CHICAGO, Jan. T7.—A representative group of 25 stocks listed on the Chicago Exchange had a iuarket value of $1,057,375 at the close of the week ended Jan. 2, it was announced today by Paul H. Davis & Co. This was an increase over the previous week’s close of $1,050,607,500, the company pointed cut.

Chicago Grain Futures

(By James E. Bennett & Co.)

id 20 Prev.

Wheat— High. Low.

pn 2 i 14vs

uly 1.5812 1%) Setiers: (b) Bid.

LOCAL CASH MARKET

City grain eievators are paying $1.27 for No. 1 red wheat. , Other grades on thelr merits. Cash corn now No. 3 yellow, $1.01. Oats, 44c, Hay—No. 1 timothy, [email protected]; No. 1 clover, [email protected]; No. 1 alfalfa, first cutting, [email protected]; second cutting, $17.50@$18.50.

FT:

1935.

Fletcher Avenue Sev Earned, Collected and Paid December 31st Dividends

home owners on t monthly building an

MEMBER FEDERAL HOME

& Loan

at the rate of

of Investment.

- HOME LOANS ~

letcher Avenue has available $500,000 to lend Indianapolis Bleicher Avery he convenient, time tested, easy d loan payment plan.

An Unbroken Record of Safety and Earnings for Over 45 Years.

Fletcher Avenue Saving & Loan Association

10 East Market Street In the Heart of the Business District

LOAN BANK SYSTEM

4% per onnum DIVIDE D Again Declared

Association

® The Association Has Paid 4% Per Annum Since Dee,

® The Association Is Rated “CLASS A” by the State Department of Financial Institutions.

® All Shares in Hands of Stockholders Are TAX FREE.

Reserves Over $1,000,000

Your Funds Invested in ‘the Association Participate in Dividends Declared From Date :