Indianapolis Times, Indianapolis, Marion County, 12 January 1937 — Page 14

Pend

People Favor Trade Neutrality Bill, Flynn Says.

ee BY JOHN T. FLYNN

‘EW YORK, Jan. 12.—American citizens, beyond all doubt, favor a policy of trade neutrality in the event of a foreign war. They may, therefore, wonder why any disagreement may arise in the

Senate over such a measure. One group—the Nye-Clark group—want mandatory neutrality. Another Sroup-the President’s representatives — want discretion lodged with the President. Behind this demand for discretiona r y neutrality is an important set of facts which Americans ought to know about, The first important fact is that the demand for discretionary neutrality and the opposition to mandatory neutrality comes from the State Department. The State Department, for reasons of its own, persists in the policy of meddling in European questions. It hugs the delusion that it can collaborate with European governments in preventing wars in Europe.

” 2 ”: HEREFORE it wants to be able from time to time to throw its weight to this side or that as it may see fit. And usually it seems disposed to take its cue from

Mr. Flynn

ILS Fr

Abreast of "The Times on Finance F

PAGE 14

ADJUSTMENT OF PRICES LOWERS PORKER MARKET

Decline Ranges From 15 to 25 Cents; Veal, Lambs Show Advance.

Adjustment of prices to conform with other packing centers featured the hog market today at the Indianapolis Union Stockyards and quotations were sharply lower. All classes felt the drop with weights above 160 pounds off 20 cents and the underweights down 25 cents. -~ Packing sows were 15 cents lower. Receipts totaled 9000. At the close 160 to 180 pounders were $10.45; 180 to 200-pound weights were $10.50; those of 200 to 225 pounds were $10.55; 225 to 235 pounds were $10.60, and the 235 to 250-pound class brought $10.50. Steer, Yearlings Steady

Packing sows ranged from $8.10 to $9.60, top $9.75. ‘Weights of 250 to 260 pounds sold for $10.40; 260 to 275 pounds, $10.30; 275 to 285 pounds, $10.20; 285 to 300 pounds, $10.10; 300 to 325 pounds, $10; 325 to 350 pounds, $9.90, and those of 350 to 400 pounds, $9.80. In the lighter divisions 150 to 160 pounders brought $10; 140 to 150

Am Brake Shoe. Am Car 5 Fdy Am Loc dav Am Steel Fdy.. Bald Loco Gen Am Tk Car.

& McKinnon) (By Thomson non

High. Low. Amusementsr— ; gl 4% 1 20th Century. Fox 35% 347% Warner Bros ... 17 Aviation— Aviation Corp .. 9% Boeing Aircft Curtiss Wright.. Curtiss Wright A 22 Douglas Air .... 75 Nor Am Av Sperry Corp 23 United Air PLines 24Yg Unitd Aircft New 30% Trans Contl Wst 22% Building— Am _ Radiator .. 26% Barber Co ; 39% Bolland Turnate 48 Lone Ya Johns Manvilie 1542 Libby Owens Gils 73%2 Otis Elev 38% U S Gypsum... Warren Bros .... Chemicals—

Air Reduction .. 79% Com Solvents ... / Du Pont Freeport Tex ... 3

BICORIBI=-INI C3

[= os 400 CD ~3 On Ui LARS

11%

Union Carbide .. U S Inds Alcohol 35% Am Home Prod

20 . 18Y 38% Sterling Prod.. 173 Un Drug (new) 147% Equipments— nn

Br Westingh Elec. ‘14998

Financial—

Adams Exp ..... 18

11:00 High Low A.M.

Penney J C ... ..100'2 100 100 Safeway St . 45Y, 443, 45Y, Sears Roebuck.. 84% 83% Woolworth ..... 63 622 62%

Rubbers— Firestone ...... 34 33 29%, S_Rubber.... 48 U 8 Rubber pfd.. 94% Steels— Am Roll Mills: 34 th Steel +16 . 29 .116 . 173, . 30%

Keystone Steel. . Ludlum Steel . McKeesport Tin. id Steel .....

S Stee .. 80% U S Steel pfd . 14412 Warren Pipe-Fdy 41, Youngstown S-T 79 Textiles— Adams Millis ... Amer Woolen.... Belding Hem.... : Celanese Corp.. 28: Collins Aikman.. 58 ~ Gotham Hecse.... 12% Tobaccos— Am Tobacco “B" 98% Gen Cigars ..... 51%

ard 23% Reynoids Tob ‘B’ 5912 Utilities— Am & For Pw 87% Am Bower & Lit 15 ATS Tw 85 Am Wat W Col Gas & Elec.

Comm & Consol Gas

Peoples Gas .... Pub Serv N J. So_ Cal Edison.. Std Gas Stone & Webster Unit2d Corp Un Gas Im Ut Pwr & LY (A) Western Union. 80a

"TUESDAY, JANUARY 12, 1937

New York Stocks TRUST COMPANY

RESOURGES GAIN ALL-TIME PEAK

Deposits at End of December Reach Total of More “Than 37 Million.

Resources of the Fletcher Trust Co., reached an all-time high during 1936, totaling $41,230,778, on Dec. 31, Evans Woollen Jr. president, announced yesterday at the annual

.| shareholders’ meeting.

Deposits on the same date were $37,633,544, Mr. Woollen said. These figures compare with resources of $34,487,390 and deposits of $30,892,023, on Dec. 31, 1935, he said. Discussing. the trust business of the company, Mr. Woollen stated that funds invested totaled $15,401,968; trust funds uninvested were $1,001,328; customers’ securities amounted to $2,248,836; corporate trusts were $24,567,351, and real estate trusts totaled $7,307,472. Clifford Is Elected . Austin V. Clifford, a member of the law firm of Matson, Ross, McCord & Clifford, was elected a director of the company. A former member of the Governor's Committee on Governmental Economy, Mr. Clifford now is a member of the board of the Community Fund and of the Family Welfare Society. Other directors of the trust com=

Today ..i: Saturday |.

ing the trend.

New York Bonds

(Reprints | From Late Times Yesterday) JAILY BOND INDEX 11.926 average equals 100) 20 Jods Sad

f 943 . 94.

20 Rails. 100.9

1936 low | (Copyrig it, 1937, by Standard Statistics.) ty FP. 8. Mosely & Co.) U. ©» GOVERNMENT BONDS Treasurys

0 ——

sssccssscssssess

sesecsssirsansve

erties etki 203 SOOO HDI RODDBOHRDHO INO BI 19 = BN BI CA 1 CO ON = Cv

DOMESTIC

ay’s Bond Leaders Utilffies P & L 5s ’39... Utilities P & L 5'2s ’47. Third Ave. R. R. 5s 60: Chi M & St P 5s '75... Rep Steel 4'2s ’'50

Close csenssns 100s

Cleve Un Term 5s Brot ros Col Gas 5s May J spbocipn ty 61 ++. 104%

Grt Northern ‘G’ 4s ’46 . Grt Northern 'H’ 4s '46. Grt Northern 4'2s '77 Gen Stl Cast WW 512s '49 .... 9612 Hud & Manhat Ref 3s ’'57 Ill Cent 434s '66 . os Ill Cent Jt 4l25 63 Ill Cent 5s '63 Interboro Rapid Trans 5s 66. Interntl Hy Elec 6s '4 Interntl Tel & Tel 42s 39. Interntl Tel & Tel 5s '55 .... 18 Interntl Tel & Tel 4's '532 ... T Lehigh Valley 4s 2003 McKess & Rob 5'2s ’50 . Mo Kan Tex Adj 58 67 suas. Nat Dairy 374s “ol Nat Steel 4s '65 . , ‘Nickel Plate 4'!2s 1g’ ins Nickel Plate 52s '74 .. N Y Cent 5s 2013 N Y Cent 4'2s 2013 old) N Y Cent Con 6s ’44 . Nor Amer Co 5s '61 .. Nor Pac 6s 2047 .

* Sales M intel Pace Retail sales for the country for the week ending. Jan. 8 ranged from 12 to 16 per cent above the corresponding period mn 1936, with promotional salés sustain-

NEW FINANCING FOR EXPANSION OF PLANTS DUE

i ‘| Refundings, However, Are to

_ Comprise Good Part of Coming Issues.

By CHARLES DONNELLY Times Special Writer

NEW YORK, Jan. 12.—The bulk of the $2,000,000,000 new financing forecast for the first six months of |

‘his year will be for expansion and

replacement of present plant equipment, although refunding will com= prise a good portion, leading invest= ment bankers declared today. Financing this year also‘ may carry higher coupons, as the greater part of the high grade issues were sold in 1936. Corporations were then more interested in retiring high interest bearing securities .with those with much lower fixed interest. Futhermbre, it was not until the business boom got under way in 1936 that corporations found it expedient to prepare for plant replacements and expansion. A start was made in late 1936 and . the way paved for the flotation of a large amount’ of such obligations early this year.

Tidewater Issues Ahead Some of the large industrial core

AREER

pany were re-elected as follows: Henry C. Atkins, Joseph J. Daniels, William A. Durkins, Carl F. Eveleigh, Frank E. Gates, Hugh McK. Landon, Norman Metzger, Samuel D. Miller, Alumus G. Rud-

pounds, $9.75; 130 to 140 pounds, $9.50; 120 to 130 pounds, $9.25; 110 to 120 pounds, $9, and the 100 to 100-pound class were $8.75.

‘All grades of steers and yearlings

English diplomacy. It therefore wants to leave the question of neutrality open— something to be settled by the President, aided by his State De-

Allegheny Corp... 412 Am Int Corp.. 15% Comm Credit.. 6812 Chesa Corp 87 Com ror Trust 75% Lehman Corp ...125% Transamerica .. 163

Nor Pac 6s 2047 Nor States Pow 5s 41 New Orleans form 4s '55 ne 100 Otis Steel 6s ’ seee. 1031, Penn Ry 4s ‘6 erxtrrevasne 10809, Penn RY 448 '84 4v.viivn vee Penn Ry 4Yss "81 Penn Ry 33s ’70

CRESS

porations like the Youngstown Sheet and Tube Co., Sherwin-Williams Co, and Glidden Co. are among thoss which may be interested in new

Local Securities

(Reprinted From Late Times Yesterday) (By Indianapolis Bond and Share Corp.) The following quotations do not represent actual bids or offerings, but merely indicate the

partment—after a war starts. Then it wants to be able to influence the President to declare neutrality or not according as the declaration may aid or hurt one side or the other in the war. This may be a wise policy. But this is not what the American people mean by trade neutrality. We do not want to use neuirality as a weapon in favor of or against either side in a war. We want to use it for precisely what the word connotes—neutrality—for kéeping away from taking sides. And if we do want to take sides, we do not want the State Department to setle the matter. Of course you may say it is all in the hands of the President. But the President's job is a large one.

a 8 a

OST questions in their early stages are handled by his great departments. And it is precisely in the early stages of prewar negotiations that we might find our neutrality policy being used by the State Department as a club over the heads of one side or the other in a gathering European war. To pass a discretionary neutrality law is to abandon the policy of neutrality. - When Italy invaded Ethiopia—although the present neutrality law was on our books— tne State Department delayed both in the matter of declaring that a state of war existed and in announcing the list of prohibited munitions. And it was given out that they were waiting to see what action the League of Nations would take. Furthermore this neutrality law we now have and are all so devoted to—well, when it was before the United States Senate in 1335, the State Department, or at least _ powerful persons there, tried to-de-feat it. (Copyright, 1937, NEA Service, Inc.)

Fruits and Vegetables

(Quotations beiow subject to change, are |

average wholesale prices being offered to buyers by local commission dealers.) rTuits—Pears, Oregon Bosc, 100s, California - Avocados, 20s-24s, 3 Steed D’Anjou, extra fancy, 100s, ; 120s, $4. Bananas, selected, 1b. 43ic. 20%. 1 Grimes, 2% inches up, $2; Indiana Delicious. 22 inches up, 25; No. 1 fodians Golden Delicious, 2'2 inches up, $2; No. 1 Staymans, 2% inches 0d $1.75; No. 1 Jonathans, 2% inches up. 10; No. 1 New York ‘Wealthy, 2% inches up, $1.65; No, 1 Rome Beauties, 2}2 inches up, $2; No. 1. Winter Bananas, 2'2 inches 2 § X% 75] No. 1 Winesaps, 2% Inches up. 0. New York Imperials, 2!2 inches % hy hay. Sunkist, P3605. $6 50. Limes, Mexican, carton 12s, 25c. Grapes, California Emperors, 32-1b. chest: $3.75. Cranberries, c. C. Howes, 35 1b. box, $5. Tangerines, Y2 box brate, 120s, $1.25. Grapefruit, Texas, seedless, 46s to 70s, $3. Oranges. California, Sunkist, navels, $4@5. Kumquats, Floridas, qt., }15¢. Pineapples, 30s. crate, $4.50. Strawberfies, Florida, pt., 20c. Vegetables: — Artichok . 1.15. Florida Siripgless homegrown, bu., $1; n $1.75. Broccoli, California, oe Brussel Sprouts, per grum $2.75. abbage, New York, 50-1b , 80c; New Texas, crate, $2.25. . crate: $1.75. $2; Jumbo, doz., ge, ome PETOWE.. doz., T75¢. Cucumbers, Florida, bu., $6.50; doz.. $1.25. Chives, 40% 90c. afd: bu ant Florida, z., $1.25 5c. LetArizona Fo) 75; 5s. $4; s, $3.75; 15-1b. basket, Endive, California, doz., $1. Mangoes: crate, $3.75; doz., 45c. 60c. Mushrooms Borie: 30c.. Mustard, Texas, bu., $ Indiana yellow, 50-1b. bag, Lae Spanish, $1.35; Norther White, $1.25. Oyster Plant, doz., 45¢c. Parsley. homeBrown, doz., 40c; Southern, large Jnch, Parsnips, homegrown, $1. Potatoes, Maine Green Mountains, “00-1: aho Russets, $3.80; Michigan Colorado McClures, .60. lian, 50-lb. bag, S0c. fennessee Nancy Hails, Indiana Jersey ‘‘Possums,’’

Beans,

Carrots,

rown, Onions, Western

Hubbard, bu., Turnips. bu., $1. matoes, hothouse, 8- ihe Baskel, $1.65; rePacked, 10-1b. box, $1.2

(By United Press) CHICAGO, Jan. 12.—Apples—Michigan Mcintosh, [email protected]. Sweet Potatoes— Louisiana Porto Ricans, $1. 80@2. Carrots hing s, bu. 75@90c. Spinach—Texas, 60@75¢c. Tomatoes—Mexican lugs, $2@ bes. auliflower—California, crates, $1. 15 @1.85. De aa hampers, $3@ 3.50, Celery—Michigan, square crates, 10¢ 81. Onions (50-1b. a s)—Illinois and [jana yellows, 25@50c; Michigan yellows, 50@55¢c; Michigan pits, 15¢.

Money and Exchange

INDIANAPOLIS STATEMENT Qlearings oe PeDIlS ctv avin. nies PPE 7,507,000

TREASURY STATEMENT (By United Prise) WASHINGTON, Jan. .—Government o enses and receipts for the current fisyear ink an. 9, compared with a year ago:

s Yea ast ae Expenses ..$3, Th i) 134. 38 $3. rh 4 Receipts .. 2,270,1 1,984.5 Deficit aid 53. ash 1,918,545,962.1 68,1 34, 255 183 901.91 30, 537, 886,372. 69 11,298.772.552.15 '10,139.015.927.53 . '229,895,164.17 200, 221,883.52

Bal.. Sab. Debt Gold Res. Customs

TYPEWRITTEN LETTERS AUTOMATICALLY TYPED ADDRESSING & MAILING MULTIGRAPHING STENCILS CUT MIMEOGRAPHINGS RULED FORMS UP TO 14°" X 20" TWO NOTARIES

Peppers. Mint,

were fairly active and fully steady on a run of 2800 cattle and 500 calves. The steer top established early was $12 with most sales at $9 to $11. Lamb Market Higher

Heifers, cows and bulls “were steady. Most heifers brought ‘s6 to $8. Beef cows were mostly $4.75 to! $5.50, the “cutter grades, $3.50 to |

$4.50. Top for sausage bulls was $6.25. Good and choice vealers advanced 50 cents, ranging from $13.50 to $14.

Lambs and yearlings were strong to 25 cents higher. . Good and choice native lambs brought $10.75 to $11. The fleece on the fed western lambs was mostly wet and the choice grades brought $10.90, fed yearlings, $9.50. Sheep were steady and the bulk of the slaughter ewes ranged irom $3.50 to $4.50, top $5 for choice lightweights. Receipts were 5000.

HOGS

Jan, Bulk To Rece lois : $10.45@10,70 70

10.40% 10.60 Light Lights (140-160) Good 3nd “Choice. 3

Med Lightweightar (160-180) So

J wwe ow oo OoSoT oO ad WO onmod

Medium PRL (200-220) Good d choice. (220-250) Good and choice. Heavyweights— (250-290) Good 1290-350) Good Packing Sows—

ITS ed fA

choice. choice.

bth ht php bp pd

oL CooL OO O° S092 Of oo

@ 33 OL LUT UT DWT eo

3 PRP B®

Slaughter Pigs— (100-140) Good = and choice.

QU QUOoWw OO Ow

-—Receipts, 2800— (550-800) Choice ; Good ..

Mean (900-1100) G

Cc (1100-1300) G

PENOLA RID ASOT -INOI=TJUNO-I=ID COUVMUOOUNOO UYU Dha=1in 123 Gr oII5TE owmuovmurnouw

M (1300-1500) G

(500-750) So d

mmon, medium. (750-900) Goa and choice. .

oD 0000 — 40D oun COO

od Common and medium Low cutter and cutter Bulls, good Cutter, com.

DD pic BI =3 OO On QOUOOO

Vealers —Receipts, 500— Good and choice . x Mediu

m Cull and medium ..

(250-500) Good and choice..$ 8. Common, medium 6. Feeder and Stocker “Cai (500-800) Good’ and choice..$ on, medium. (800-1050) Good and choice.. Common, medium. Heifers—

Good and choice Common and medium SHEEP AND LAMBS —Receipts, 5000—

oo [

03 SI 80

. 0S onam 0

Lambs— Choice Good Medium’ Common .

bas

iin Livestock

(By United hm

FT. WAYNE, Ind., Jan —Hogs—Mar ket 20c lower, 225-250 Be] 0 40; 5300-235 1bs., 1) 30; $2 5-300

40; Calves. $5 50. re AYETTE. ma. Jan. n 12 Hon gs—Marsteady: 225-250 $10; agaio id "3502 295 1bs.. [email protected]; 3: 325 ., $9. > foe. $100 St. 1bs.. $10.25@ 8. 140-160 1lbs., 0240 1b a $9 @9.25: : roughs, down Calves. $13 “down. Lambs, $10.25 dor. (By Times Special) LOUISVILLE. an. 12.—Cattle—Estimated receipts, 300: beef classes of cattle in very lighe supply: few lots medium shortfed yearling steers ‘and heifers, $7.50 @8.50;: most low cutter cows, $3.50@4: light Pitoner bulls, $6:[email protected]; big weight sausage bulls, $6.25 down; bulk of receipts in stocker and feeder flesh. including weights from 300 to 650 Ibs., verv slow; few medium feeders. $6.75: good steer calves, $8. Calves—Estimated Jecaints. 100; vealers unchanged: top, $13.50; better grades, $12 to t ton; heavy vealers and inbetween grades mostly, $9 and up; heavy killing calves and throwouts vealers, $6@ Hogs—Estimated receipts 900. including 300 billed direct: hog market 25c lower han Monday on all weights and sows: top, io 55 on butchers oo Nz 190-230 1bs. bulk good and choice. 160-270 lbs. $10.25@ 10.50; 275-325 1bs., [email protected]; 140-160 1bs., :[email protected]; sows, $8.50@9. Sh mated receipts. 75; handful Food and choice ewes and wethers, [email protected]; unchanged from Monday: Haan and od grades quotable. $9.50@10 but hardly enough any grade offered to test market. Receipts: Monday. patie, 1332; calves, 549; hogs. 1081: sheep, 65. Shipments: 3 | Monday, cattle. 304: calves, 265; hogs, 511:

FILES

Filing Supplies, Guides and Folders

W. C. Brass

and Associates 134 S. Mer. RL 9727

Mohawk Carpet’

Servel Inc } Simmons Bad.... 482

Foods— Am Sugar Armour Beatrice Cream. orden prod, ve al Packing -

United Fruit Wrigley Household— Col Pal Peet.

«J 00 BI CID bet ib = BO CO ba = ob CI pe

4 Proc & Gamble... $9

Wiha oo

Indus Rayvon.... 39's Mining— Alaska Jun .....

Cerro De Pasco. Dome Mines Gt Nor Ore Homestake Min’ 410 Howe Sound .... 73%

Kennecott Magma Copper.. Meise Mine. .

k Utah Phelps Dodge. St Joe Lead..... U S Smelters.... Vanadium Miscellaneous—

Allis Chalmers... 119

ics Add. . Contl C

Rem Ran Fone vend B.. Worth’'ton Pump 387s Motors— Auburn ....eev. ld Chrysler 119 Gen Motors .... Graham Mot ... Hudson Mack Truck .... 37

Be tabaker . White Mtrs Yellow Truck ...

Motor Access—

Mig Pr DARL Lite. Greyhound New. Houdaille Motor Wheel ... Stew Warner ... Timken Det 43s Timken Roll Oils—

Amerada Atl

72%

. 10715 tl Rig 32% Barnsdall ...... 3 33 Consol Oil 16% Cont of Del ... Houston (new). Mid Cont Pet. Ohio Oil .. : Pet COrp...e0vv» PRL: Pet ... Plymouth Oil Pure Oil 2 Quaker State ... Seabcard Oil ... 42 Shell Un

Corp Tidewater -Assn. Ralls Atc

ON 8 RN WN Aa

©. aD nee

nion P West Maryland... Retail Stores—

Allied Stores ... 1687 Assd Dry Goods. 22 st. Co Ei

Lellan St Marshall Field... Mont Ward . Natl Tea

approximate market

recent Wensacions.

Te Indpls Railway Inc 5s 67 Indpls Water Co 3'2s ’66..... Interstate Tel & Tel 5's '53.. 99 Kokomo Water Works 5s ’'58..

Noblesville HL & P Ohio Tel Serv 6s '47.. Richmond W W 55 '57 .......105 Seymour Water 20 5s '49 T H Trac & L 55 ’44. T H Water Works 55 '56 T H Water Works 6s ' Trac Term Co 5s '57

ST Belt Railroad & St Yds com .. 59 Belt Railroad & By Yds pid. 5

. Cent Ind Pwr pfd 7

Home Tel & Tel Ft Wayne. Hook Drug In 3 Ind & Mien Elec Co pid’ To. Ind Gen Serv Co $2... 1 Ind Hydro Elec Co is . Ingpis Gas Co com . . . 24 Indpls Pwr & Lt a 8s... 9 Indpls Pwr & Lt Co fd 0s: Inapis Water Co pfd § N Ind Pub Serv Ds is N Ind Pub Serv. pfd 6s . N Ind Pub Serv pfd 7s .....« Progress Laundry .Co Pub Serv Co of Ind J 6s. Pub Serv Co of Ind Sou Ind G & E pfd rw henry 1101 Terre Haute Elec Cp 6s 104 Union Title Co com

New Bond Issues

L. Lyons & Co.) (By W. 0 SL

Allied Stores 4's 51... 0v...10013 Ark La Gas 48 ’51. Rs. 0113 Argentine Re 4155 "1. Armour Ass 'd Tel 1s. & O 42

Cent Maine pyr Cinti G & E 3

ns Cudahy Pke 8345 ’55.... Cudahy Pkg 42 '50.... Fla Power 4s '66 Fla Power 55 '66 Houston Lt & Power 3125 '66.. Indpls Water 62s '66 Iowa Sou Util 51s ! Kansas P & L 4! Koppers Co 4s ’'51.. Long Island RR 4s '49 Los Angeles G > E 43 Louisville G rz Mengel C V Metro Ed yo Minn Gas & Lite 4s 750. Mont Power 3%s '66.. Narra Elec 3l2s

Penn Tel 4s Railway & ite Ses 4's *55. Sou Cal G & 63... Sou Kraft i

Unlisted Stocks

(By Blyth & Co.)

Chem essen ee al Illinois .... . Guaranty bic eiaininins Vee nssive ns Irvin ne asturers . National City .. National Shawm ut . First National Boston ..

FIRE INSURANCE Aetna Fire Insurance Anerican Ins of Newark Baltimore American .... Franklin Fire Federal Insurance

National Fire Hartford Home Insurance

Hanover Fire .... Liberty ve

ove National

USF iter Fite 1 “3

Chicago Grain Futures (By James E. Bennett & Co.)

Prev. Close.

ssssenes

sssessse -

cavasens 1.18 July vevsses 1.04 Sept. 917

Soy Beans— May

ol 8 YSeliers: b Bid.” LOCAL CASH MARKET

City graln eievators.are paying Other grades on thelr merits. Cash corn Oats, 44c. Hay—No. 1 timothy, [email protected]; No. 1 clover, [email protected]; No. 1 alfalfa, first cutting, [email protected]; second cut«

$1.29 for No. 1 red wheat.

now No. 3 yellow, $1.

ting, $17.50@$18.50. ;

level based on buying and selling inquiries or

Va }: J 133! 1.33%

ATKINS, HAMILL & GATES

MEMBERS New York Stock Exchange New York Curb Associate Chicago Stock Exchange Chicago Board of Trade Chicago Mercantile Exchange

204 Electric Bldg.

Riley 7621

dell, Robert F, Scott Jr., Stowell C. Wasson, Evans Woollen and Evans

| Woollen Jr.

Prior to. the meeting of shareholders of the Fletcher Trust Co. a meeting of shareholders of Fletcher Joint Stock Land Bank was held and all directors of that company were re-elected. William B. Schiltges, first vice president of Fletcher Trust Co., is president of the joint stock land bank. During 1936 Robert F. Scott, vice president of Fletcher Trust Co. became a member of the board of directors of the joint stock land bank.

COAL PRODUCTION GAINS

By United Press Indiana produced 390,000 tons of coal during the week ended Dec. 26, 1936, compared to 345,000 in the

corresponding period of 1935, the]

United States Bureau of Mines reported today. - The State’s total output during the last week was equivalent to 4.9 per cent of the national production which aggregated 7,900,000 tons.

BOND HOLDERS TO MEET Times Special KANSAS CITY, Jan. 12.—A special meeting of Western Auto Supply Co. Class A and B bondholders to be held in the company offices here on March 9 has been announced by company officials.

Chicago Stocks

(By Atkins, Hamill & Gates) 11:00

Asbestos Manufacturing Associate investors : Bergan fT

eEL Dr Illinois Publ Service . Chicago Yellow Cab . Cities Service Commonwealth Edison

Cord Cool Sn Continental Steel Dayton Rubber ......ee.ss000 cunningham Drug ..eeeeesees Pre Household General Household .. Great Lakes Dredge Katz Drug Ken-Rad Tube . Libby McNeil and Libby Lion Oil Loudon Packing Lynch Glass .... Marshall Field .. McCord Radiator ..... Mid-West Corp pfd .....e..e Nachman Spring Filled «que. Northwest Engineers

Northwest Bank Public Service North Ill- NP. St Louis Stockyards .. Signode Steel Swift International | Schwitzer-Cummins

Walgre wilifams 0il-O- Matic Zenith

.New York Curb

Gates) (By Atkins, Hamill & gates rev. A.M. Close. Asa

dd bt ed DD 4 DI DD DD

DoD

sssesee

ceases

Aluminum Co of America. ..... American Airlines ve 4 Am Gas 0 = Electric Wc aBy American Gene He - Arkansas Natural Gas a . Barium Brest . Cooper Bess Consolidated. Topper Carrier Corp Columbia Oil . Electric Bond and Share Eagle Picher Lead : Ford Motors, Canada ‘‘A Oreste ae & Die Corp.. Gu Humble oi snd Refining Cs: “5 Hygrade Shee ELLE, Vitamin ....... Lion Oil ‘ Niagara Hudson Power ahi Pan-American Taye seidsns Root Petroleu Rustless Soy Bnd ‘steel’ esises

— nSHBS

Sterchi Brother rs Sunray Oil Tilo Roofing . . Twin Coach “en Woodley Petroieum ciransedecs Jp

Produce M arkets

Pd eG) beaded oT Od NINIA CY GS

(The prices quote@ are pald for stock Zarb in ine country, while for deliv.

eries in Each Tull ca the prices are 1 cent higher, Each Jul 55 pounds gros

1bs. and kL 15¢;

Leghorn breed hens. heavy, 10c. en bree spring Ibs., 10c; over 4!2 lbs. [ springers, 8c. Heav ‘breed sta horn breed stags, heavy k fui feathered and fat Geese, full-feathered and fat,

Heavy breed hones under 5 lbs

Turkeys, young toms, 14-18 lbs. lc)

over 18 lbs., llc; young hens, 10 lbs.

a 14c; old toms, 8c; old hens, 8c; No.

er—Creamery, No. 1, 38@39c¢: J; J as Butterfat—No. 1. 33c: No. 2,

case of eggs must weigh Eegs=ND, 1 etl fresh, loss off, 18c

Aust n V. Clifford, attorney, was electec. to the board of directors of the Fletcher Trust Co. yesterday at (he annual meeting of the shareh:lders of the company.

64 PER GENT OF CORN ON FARMS

Board Reports 810,087,000 Bushels Held; Lowest ~ In 11 Years.

| By United Press

WASIINGTON, Jan. 2—The Crop ERiporting Board of the Departmet © of Agriculture today reported 10,087,000 bushels of . corn on farn : on Jan. 1.- This was 64.4 per cen of the 1936 crop.

The oard reported 128,604,000 bushels if wheat or 20.5 per cent of the 1937 crop, on farms and 484,356,000 ushels, or 914 per cent of oats on farms ‘Jan. 1 .

Stock: of corn and wheat cn farms 0 Jan. 1 were the lowest for that dale during the 11 years in which 1ccords have been kept, the board r¢ jorted. Stocks of oats were well below the average but were greater ‘han in 1934 or 1935. On Jail. 1, 1936 farmers held 1,404,621,000 ‘ushels of corn, or 70 per cent of he 1935 crop. The five-year average of 1925-1932 was 1,384,047,000 bus tels. A yea ago farmers had 163,360. 000 bushels {pf wheat on farms. The five-yea' 1928-32 average was 249,318, 000 iushels.

CONSTRUCTION LESS FIRST WEEK OF 1937

Times St icial NEW YORK, Jan. 12.—Engineering coristruction awards for the first we k of the year totaled $40,447,000, t was announced today by Enginee ing News-Record. This 1 8s a decrease of almost $3,000,000 | rom the previous week, the report siiid. Private work, however, register: i i a substantial gain because ol large building contracts in the Sou h.

TRANSIT REVENUES START YEAR HIGHER

Times Sp trial NEW ORK, Jan, 12. ~—Transit industry r venues for the week ended Jan. 2 (howed continued improvement oisr last year, it was announced today by. Transit Journal. The stat:ment was based on reports from a 1ipresentative group of com-

L1PEN SIX)

WARE .:OHIO

Bonds of the United States GC overnment, Its Territories and Insular Pc isessions

Federal and Joint Stock Land ['ank Bonds Indiana Municipal and Corporc'e Securities Real Estate Bonds and Prefe red Stocks General Market Securi'ies

Indianapelis Bond and ‘hare Corp. 129 EAST MARKET STREET

Portland Gen El 4'2s '69 ..... Para Publix 6s, i Cassa. a 100% Penn P & L 4 ’81 ee roa) Tel My Eh bs ’'53 . Rem Rand. WW 4%s ’56.... Shell Union Qil, Svs ob - } 28

Sou Pac 41s 81 : Sou Pac 45 4

Texas Pac 5s Texas Pac 5s '7 Third Ave a9 = Union Pac 4s United Drug ss } S Rub d

N NY NH & Hart 455 67 Warner Bros 6s '39 Western Union 5s : . Youngstown S & T 4s ’61 ... Youngstown S & T 3's '51 ..130

Argentina A 6s J a Australia 4!>s sess vane ed0DYa Brazil 8s 41 Canadian Govt 4s ‘60’ leinillilon, Denmark 4!'zs '533 .10 French Tlzs German 5'2s German Ts ’49... Italy Ts '51 Japan 6'zs ’ Rome 6!2s ‘52 essssseses Tokyo City 5158 ’61 +cveveenes 1 Yokohama 65°61 “i.cecveanere

Investment Trusts

(By Thomas D. Sheerin & Co. )

Administered Fund 2nd x «Affiliated Fund, Inc (new). American Business Shares .. Broad Street 1nvesting 3 Bullock Fund, Century Shares Trust Corp ‘AA’ or ‘Accum’ Corp ‘AA’ or ‘Acc’ (unmod). Corporate Trust Shares (orig) Divtrsified Trustee Shs ‘B’... 1 Diversified Trustee Shs ‘C’... Diversified Trustee Shs ‘D’... Dividend Shates, Inc . Fundamental General Investors Trust Incorporated Investor 26 “Market Street Trott Corp Maryland Fund 1 *Massachusetts Investors Mutual resent Fund Nation-Wide Votin North American TF Shs 1955. North American Tr Shs 1956. North Amer Tr Shs (orig) ... Quarterly Income Shs (new). Selected Amer Shs, Inc {hew) Selected Amer Shs. (orig Selected Cumulative Shares Selected Income Shar . *State Street Investmt_ Corp. 109. *Supervised Shs, Del)... 14.7 Trustee Am BK a ds *Trustee ex Oils! 7.94 Trustee Stand Oilshates ‘B'.. 7.5 *Ex-Dividend.

-~ Co AR BRN OD = NONNINODD

o a, HANBRONRWONO WW

- HARD - lp.

financing in the coming months, £ number of the oil corporations

, | 21so may borrow.

One of the largest of deals in process of negotiation is that of the Tidewater Associated Oil Co. Acponding to reports, it is preparing soon to sell $70,000,000 bonds and preferred stock. Utilities are expected to come in

| the market for large amounts of

capital, but most of this will be for refunding. A start has already heen made.

Rail Refunding to Continue

Electric Bond and Share and many affiliates will figure promi r2ntly. Plans have already been dis cissed by such units as. Americar Power and Light, Electric Power and Light and National Power and Light and related companies. Railroad financing will continue te be confined to replacement of high coupon issues with those bzarirg lower interest and probably will Irvolve a number of carriers like the Naw York, Chicago and St. Louis N2w York Central, Northern Pacific, Great Northern and possibly the Southern Railway, : January should continue as a very active month. Contrary to the general seasonal trend. February will also show a large total. In fact, a number of investment bankers and bend men who had. contemplated winter vacations .next month are postponing them at least until March 1.

GOLD OUTPUT ANNOUNCED By United Press WASHINGTON, Jan. 12—A preliminary estimate of 4,313,122 fine ounces of refinery production cf gold in the United States during 1936, was reported today by the Treasury. This was valued at $150,359,270. Refinery production of silver was estimated at 62,024,929 fine ounces with value of $47,759,195.

service northbound. 4

Lv. Indianapolis «...e0. Ar. Nashville.

senses

Ar. Tampa cc. cvs Ar. Sarasota

South. to June!

The “Luxury Limited’ to America’s ~ Winter Playground

wr o Luxury of Air-Conditioning ¢ ® Luxury of the Smoothest route ® Luxury of traveling “country club style” ® Luxury of racreationlounge car clear through to Miami ® Luxury to West and East Coasts as well as Central Lakes Region ® Luxury of arriving in the morning to fling right into the spirit of things. > Imma.

DAILY ON THIS PERFECT SCHEDULE:

Ar. Birmingham. sesssesasssesecnnns. ll: :35-AM-{c.s.1.) Ar. Jacksonville. ..eeevescesecenane, Ar MEI, cass ardr naar vOROAM. (Eat) tieesssiesassss.s 7:35AM. (Es.T) srassssersevarnine SOA, M. (Est) - Ar. St. Petersburg. ...cosecsscsecar.es 8:30 ALM. (esr)

Take your car South by trainl Convenient— economical.

FOR RESERVATIONS APPLY:

E. R. COMER, Division Passenger Agent 108 E. Washington St

8 RouND-TRIP

A new through sleeping car service to Miami open for otcupancy 9:00 P. M. Sundays, Mondays, Wednesdays, and Fridays in addition to regular daily service. Similar

eeese12:41 ACM. (cs.T)

.11:35P. M. (E5.1.)

BEDROOMS ee COACHES

Phone: Riley 9331

Low

FARES

PENNSYLVANIA RAILROAD LOUISVILLE & NASHVILLE R.R.