Indianapolis Times, Indianapolis, Marion County, 19 January 1937 — Page 11

Trends

Additional Tax on Sugar Proposed, Flynn Says.

BY JOHN T. FLYNN —

EW YORK, Jan. 19.—Secretary Wallace proposes a new tax on sugar processors of.one cent a pound on all sugar processed. On its face it sounds like a tax on processors, manufacturers of sugar.’ But in effect it may be somewhat different. Indeed, it is a little difficult to follow. We do not raise, in this country, enough sugar for our needs. But we have a sugar industry in America — cane and beet. Congress has always been very tender with these two industries. It has always laid

heavy tariff du- |

ties on sugar imports in order to prevent foreign sugar producers from underseling American producers. The tariff is levied with another end in view—to stimulate the production of domestic sugar.

Mr. Flynn

8 " "

UT under the Federal agriculB tural program, the Government seemed to be disturbed by production of too much sugar. Various agreements were entered irito to reduce the production of sugar and raise the price to American users—to raise the price not only for American sugar growers and processors, but also for foreign growers and processors. It has always seemed a little contradictory to levy one tax on a necessity like sugar to encourage domestic production, then levy another tax to discourage domestic production and raise prices. Yet Secretary Wallace now proposes to add to the duty of 5 cents a pound to encourage production another tax of a cent.a pound to limit production. All this is part of the policy which the Government still pursues —first, that the way to bring prosperity is to raise prices; second, that the Government owes it to producers to get prices up.

z a #

AVING gotten the price of sugar up, to that extent the

Government has reduced the purchasing power of the people who

buy sugar. Incidentally it has increased the profits of the sugar processors. Now it thinks the profits ought to be cut down. Hence the tax on the processors. But of course there will be nothing to prevent the processors from adding that cent to the price of the sugar- and pisving it on. to the wholesalers. } The wholesaler will pass it on to the retailer apd the retailer to the consumer. And in accordance with the practice o ssing along taxes when the taxes are levied at a point so far from the consumer, the tax as it is handed on grows as each handler—processor, wholesaler, retailer—adds a little more. At a time when the rising prices of commodities are. a sore subject with the consuming public and a direct threat to the continuance of business recovery, any tax designed to increase prices is sure to arouse resentment. (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.) Fruits—Pears, Oregon Bosc, 1205, $3.50; California Avocados, 20s-24s, box, $2.75; Oregon D’Anjou, extra fancy, 110s, $3.50. Bananas, selected, lb., 4%c. Apples—No. 1 Grimes, 2Y. inches up, $2; No. 1 Indiana Deliciots, 22 inches up, $2.25; No. 1 Indiana Golden Delicious, 212 inches up, $2: No. 1 Staymans, 22 inches up, 32 No. Jonathans, 2%. inches up, $2.10; 1 New York Wealthy, 2% inches up, $1. Na: No. 1 Rome Beauties, 2'2 inches up, $2; No. 1 Winter Bananas, 21, inches up, $1.75; No. 1 Winesaps, 2% inches up, $2; No. 1 New York Imperials, 2'> inches up, $2. Lemons, ‘Sunkist, 360s, $7.50. Limes, Mexican, car12s. 25c. Grapes—California Em: P . 3.7 Tangetineg 0X crate, $1. Grapefru seedless, 40s to 80s, $3; Oranges, aliforn: Sunkist, narels. $4.50@5. Kumaquats, Floridas, qt., 15c. Pineapples, 24s-30s, crate, $4. Strawberries, Florida, pt..’ 16¢c. Vegetables—Artichokes, doz., $1.25. Beans, Florida stringless, hamper, '$2.50. homegrown, it., ; new Texas, 3 doz. crate, $1.75. Broccoli, California. case, $3; bunch, 15c. Brussel Sprouts, per drum, $3.25. Cabbage, New York, 50-lb. bag, 85c; Texas, crate. $2. Carrots, California, bulk, bu., $1.25. Cauliflower, 11s, crate, $2. 0z,. 90c. Celery doz.., $1.15. Cu$5.50: doz. Sl. "Kale, Virginia, bu., 5 Tettuce, Iceberg, Arizona, 4s, $3. 50: , $3.75: 80s. $3.25; leaf. hothouse, 15-1b. basket, 75c. Endive. California, doz., $1.15. Peppers, Mangoes, crate, $3.50: doz., 40c. Mint. doz.. 60c. Mushrooms, homegrown, 1b.. 30c.. Mustard. Texas, bu. $1.50. Onions, Indiana veilow, 50-1b. bag. 75¢c; Western Spanish, $1.40; Northern white, $1.25, Oyster Plant, doz.. 45c. Parsley, homegrown, doz., 40c; Southern, large bunch Parsnips. homegrown, !2 bu., 90c. ionine Green Mountains, 100- . $3.40; Idano Russets, $3.75: Michigan Rurals, $2.65; Colorado McClures, $3.60. Rutabagas, Canadian, 50-lb. bag, 90c. Sweet Potatoes. Tennessee Nancy Halls, hamper, $1.65: Indiana Jersey ‘‘Possums,’”’ bu., $1.65; Louisiana Puerto Ricans, bu., $2.25. Radishes, buttons, hothouse, doz., T5¢; white, 45c. Rhubarb, hothouse, No. 1, 5-1b. carton, S5e: S . Spinach, Texas, bu.. Squash, Hubbard, bu., . Turnips, bu., $1. Tomatoes, repacked, 10-ib. box, $1.25.

doz. pots, '90c.

_ Potatoes,

(By United Press) CHICAGO, Jan._ 19.—Apples—Michigan McIntosh, $1.50@2. Sweet Potatoes— Louisiana Pan Ricans, $2. Carrots—Illinois, bu., 65@85c. Spinach—Texas. bu., 60@90c. Tomatoes—Mexican lugs, $2. 25 2.75. Cauliflower—California, crates, $1.65 @1.85. Peas—California, hampers. $3. Celery—Michigan, square crates; 60c@s$1. Onions (50-1b. sacks)—Illinois and Indiana yellows, 25@50c; Michigan yellows, 50@ 60c; Indiana and Michigan white, 85c.

Produce Markets

ito continue its effort to place relief {workers in private industry.”

126,112 field visits in 1936, compared

Abreast of The Times on Finance

TUESDAY, JANUARY 19, 1037

PAGE 11

of 1935.

Britain Best Customer Of the $2,223,,80,000 exports from the United States in the first 11 months of 1936 the United Kingdom accounted for $399,328,000, an increase cf approximately $8,000,000 from the sarge period

STATE SERVIGE PLAGES 99,531 ~ INJOBS IN 1336

Total Boreaset 50 Per Cent Over 1935 as Record Is Established.

With 99,537 placements during 11936, the Indiana State Employ{ment Service attained the best rec- | ord since its inauguration in 1933, {Calvin F. Davis, state statistician, reported today. This was 50.1 per cent or 33,220 | more than the total of 66,317 for the year 1935, the report showed. Operating 21 offices in Indiana, the service found 54,984 jobs with {private employers for men and women. This was 8,797 more than | | thé record for 1935, which was 46, | 1187. The total fn 1934 was 27,774. In addition, 44,553 placements were made on public works projects. The corresponding figure for 1935 was 20,130. Of the private jobs filled, men were placed in 30,936 openings and women in 24,048. These totals compare with 28,148 (men) and 18,039 (women) placed during 1935.

26,112 Field Visits

The number of new applications taken last year deciined, being 118,071 as compared with 149,684 1n (1935. This decrease had been anticipated, for during 1935 more than 40,000 WPA workers were obliged to register with the Employment Service, Mr. Davis explained. “One of the largest tasks accomplished by the service,” Mr. Davis said, “was a reinterviewing program conducted during the last quarter of 1936. More than 70,500 persons who were certified for WPA employment were contacted to have their application cards checked and made more complete. This was done to put the service in better position

The personnel of the offices made

with 14,900 the previous year. A field visit is a call on an employer made by an employment service worker for the purpose of explaining the service, obtaining information in order to adjust the facilities to the needs of the employer, to learn about work opportunities and to tell about available applicants,” according to Mr. Davis. ¢ As of. Dec. 31, 1936, there were 183,501 application cards in the active files of the 21 offices. Approximately 19 per cent of these applicants have jobs but are seeking better ‘positions, the report said.

AUTO OUTPUT DROPS DUE TO SHUTDOWNS

Times Special DETROIT, Jan. 19.—Listing plant shutdowns as the cause, Ward’s Automotive Reports today stated that automobile output showed a slight decline during the past week. The report set the week’s output at 85,703 units, compared with 92,142 the preceeding week and 99,391 a year ago. The service estimated that approximately 250,000 men are out of work because of the strikes, about

Beéts, |

half of them employed by General Motors. Ward's also said that a shortage of parts and raw materials was handicapping the general output.

Local Securities

(By Indianapolis Bond and Share Corp.) The following quotations do not represent actual bids or offerings, but merely indicate the epprojiniale market level based on buying and selling inquiries or recent transactions.

Bid. Asked. Ind Assoc Tel 4's 65 08 Nz Ind Tel (TH) 4)25 '6] .... el & Tel Ft W 52s ’55 ...103 Tel & Tel Ft W 6s "43 ..... Indpls Railway Inc 5s 67 .... Indpls Water Co 3l%s ’66 .. .. Interstate Tel & Tel 5l2s ’53.. Kokomo Water Works 5s ’58

Noblesville H L & P 612s '47...103 Ohio Tel Serv gs. ho Richmond '5 : Seymour Water Fol Bs 249, os T H Trac & L 5s '44 TH Water Works 5s-'56 .. T H Water Works 6s '49 . Trac Term Co 5s ’57 Indiana Tel Co 5s ’60

ST § Belt Railroad & St Yds com... Belt Railroad & Sid Fo pig vt Cent Ind Pwr pfd 7 Home Tel & Tel Ft Wayne." Yoox Drug Inc “- In Mich Elec Co pid’ 7s... ng Gen Serv Co 6s 104

& Liu Co pid 6s. Pwr & Lit Co oid 614s... p Vater Co pfd 5s da : N Ind Pub Serv pfd 5'zs N Ind Pub Serv pfd 6s . N Ind Pub Serv pig Ts . Progress Laundry Pub Serv Co of nd pt 6s. Pub Serv Co of Ind Sou Ind G & HB pid 2 8s Terre Haute Elec Co 6s Union Title Co com

Unlisted Stocks

(By Blyth & Co.) Bid. Fl d.

Chem Gontinental Illinois Guaranty Irvin Monk actuzars National City National Shaw First National ton

FIRE INSURANCE Aetna Fire Insurance

! | Otis

New York Stocks

(By Thomson & McKinnon)

3 High Low A.M. Amusements—

Loews Inc ‘ Paramount Retio Corp

| RK! 20th Cent Fox.. Warner Bros ... Aviation— Aviation Corp .. Boeing Aircft Curtiss Wright . Curtiss Wr ‘A’..

Trans Contl Buildings— Am Radiator ... Barber Co V4 Holland Purnage 481, Lone Star 59% Johns Manville 1147 Libby fens Gls 5 Elev !U 8 Gypsum ...124 Warren Bros ... 11% Chemicals— Air Redpotion .. 762 Allied Chem Am Com Alcohol 21% Com _ Solvents Du Pont Freeport Tex ... Liquid Carb . Math Alkali : Monsanto Chem Natl Dis (new). Schenley Dist .. 447 Tex Gulf Sulph 40% Union Carbide ..105%2 U S Indus Alco. 38 Am Home Prod. 51's Drugs— Bristol Myers .. 46% Lambert . 20% Lehn & Fink ... 18 Parke Davis ve 434 Walgre .. 38% Soetis Prod’ <. 1358 Un Drug (new). 157s Equipments— Am gar hi Fdy.. Am To Am Steel Fdy.. Bald Locu Gen Am Tnk Car nu

62% 46

Pullman ine ries West Air Westingh Bee” 3

Foods—

Armour NZ Beatrice Cream. 267s Borden Prod ... 28 .. 44%

0 ..153%

Cal Packing Can Dry Cont Bak Corn Prod ) Crm of Wheat.. 3 Cuban Am sugar in “ee a

G W Sugar . Hecker Prod Holly Sugar Loose Wiles . Natl Biscuit .... 3 Natl D Prod . Purity Bak 22 S Porto Rico Sug 381% Std Brands .« 161 Swift & Swift Intl Un Biscuit United Fruit a Finaneial Adams Exp Allagheny Roto . Am Int Corp ... Comm Credit ...

Lehman Corp Transamerica Household— Col Pal Peet ...

Simmons Bed Mining— Alaska Jun

cla Cerro De Pasco Dome Gt Nor Ore Howe Sound Ins Copper Int Nickel Kennecott Cop.. Magma Copper .. McIntyre Mine .. Park Utah Phelps Dodge .. St Joe Lead ... U S Smelters Vanadium

Miscellaneous— Allis Chalmers. .

TEs Add

Contl Ca V2 Caterpillar Trach HE

Rem Worth mon Pm 429;

Motors—

Graham Mot Hudson... Mack Truck

SE ded GD

eo Studebaker White Mtrs ... Yellow Truck

ig Access—

NCR RNR NNR NR

DORI BN) NW SADUIDOTJOWNO

= OID) Wao CSU @N PENS

= Oo =

Elec Ante Lite,. Elec Stor Bat .. Greyhound New. Houdaille . Motor Wheel Stew Warner 1 Timken Det Axle Timken Roll 7

Balls

Atchiso au Coast Lines.

Dela & Hud a Pa Lac & W ..

Brie pid 2 Gt Northern pfd Ill Central 24

Y New Haven N Y Ont & Wst Nor Pacific

Wabash West Maryland. Retail Stores—

Allied Stores -. Assd Dry Goods.

10:00 Prev. close-

High Low A.M. Steels— Am Roll Mills.. 343 i Beth Steel 162 Inland Steel .... Keystone Steel. .

| Ludlum Steel

e Rep Iron & Steel a Sharon ch Pa 31% e 68% U S Ste toe y Us Stet War Pipe Youngstn S & T 77 Textiles—

Adams Mills .... 27 Amer Woolen Eelding Hem ... 1 Celanese Corp .. Collins Aikman.. Gotham Hose Indus Rayon ... Kayser Julius .. Real Silk 3 Tobaccos— Am Tobacco “B” 97% Sen Cigars .. 5074 Lig & Myers ‘B’. 109% Lorillard 24% I

Am & For Pwr.. 13a Am Power & Lit 15% AT&T 184

.. 28% .» 19% Comm Sou ... 4 Consol Gas . .. 46% Elec Pwr & Lit.. 243; Interboro R T.. 1234 Int T&T ... 13% 28 it.. 14% ; sis Peoples Bas a Pub Serv N J. 52%» So Cal Ni 3215 Std G 13 Se *& Webster 313 United OOD. ase 178 Un Gas 16% 16% Ut Pwr © AY @) 8 41; Western Union 80 791

Chicago Stocks

(By Atkins, Hamill & Gajes)

504 10934 243%, Bs

12%

Prev. close

Advance Alum 8% Allied Products Ve 19% Asbestos Manufacturing .... 3% Bastian Blessing 19% Berghoff : 132 Bruce EL ... : 24% Central Illinois Sunt Service. .

Chicago Yellow Cities Service

Cord Cor Consolidated Biscuit: ..ieceeniel Dayton Rubber eu sas vs Electrical Household General Household .. Godchaux Sugar ‘A’ Great Lakes Dredge Jarvis Co : Katz Dmg. Ken-Rad Tube Libby McNeil and Libby Lion Oil Loudon Packing Marshall Field McCord Radiator ... Mid-West Corp pfd Noblitt Sparks Northwest Bank Swift -International Schwitzer-Cummins Sundstrand

715 LOCAL BANKS

PLAGED AMONG LARGESTINU. 3.

~ Figst With Deposits of A $2,286,209,092. y !

1 1

Five local banking institutions rank among the first 300 in the nation, the American Banker said today in its 1937 “Roll Call” of the largest commercial banks and trust companies in the United States. Listed as the largest in Indian/apolis, in deposits, the Indiana National Bank ranks 63 in the national list with deposits of $109,405,345. Next is the Fletcher Trust Co., number 157, with deposits of $37,633,555. Panuing 191, the American Najohal Bank shows deposits of $30,823.222. The Merchants National Bank with deposits of $29,652,632 is placed at 196 and the Union Trust Co. is 261 on the list with deposits of $21,044,652. Orem

First 10 Listed

largest bank in the United ' this year is the Chase Nak of New York, with deposits of $2,286,209,092, as compared with $2,075,121,091 a year ago. The remainder of the 10 first banks of the country rank as follows on Dec. 31, 1936:

ws tional

. Deposits . Trust co. i 2. Suarqmiy Je $1,744,810,010

. National fof New 1,713,840,229

No. No. No.

Lian FP 1,298,976,759

. Continental National & Trust Co., Chiesgo, 1,109,980,393 . Bankers Trust New York 953,621,161 7. First National Bank, 922,206,304

Chicago . Central Hanover BK. & Co., New York 879,465,253 . First National Bank, Bosto 652,386,954 . Mi ogitters Trust Co., New York .. 631,405,867 Total Déposits Gain Total deposits in these first 10

$11,234,043,600 for the first 10 at the end of 1935, and $5,868,902,345 10 years ago, the magazine said.

‘Banks of the nation are carrying the greatest deposit load in history, a total of over $60,500,000,000, of which $50,400,000,000 are in com-

2 {mercial banks and $10,100,000,000 in

New York Curb

Aluminum Co of America .... American Airlines Am Gas and Electric American General . Arkansas Natural Gas Barium Steel Cooper Bessemer Consolidated Copper Carrier Corp Columbia Oil DeJday Stores Electric Bond and Share Bagie Picher Lead Ford Motors Canada 26 Oeming aap and Die Corp.. Gulf Oil P 60 Humble of ard Refining Co. Hygrade

Lion Gi Niagara Hudson Power Pan-American Airways ... Root Petroleum Rustless Iron & Steel . Segal Lock 5 Standard Oil of Ohio . Sterchi Brothers Sunray Oil Stutz Motors Twin

New Bond Issues

(By W. L. Lyons & Col,

Allied Stores 41s '51 rk La Gas 4s . As Rep 4Yzs mi. Armour 4s °’57.. feed Tel 4s ’65.. B O 4%2s ’39. Car Oro Prw_ds 66...

Cudahy Pkg 4 Fla Power 4s ’66..... Fla Power 5s ’66 Oreat No as 67 ouston Powat 32s "66. 10854 Indpls Water 31; % 10472 Iowa Sou Util Es %s0’ Kansas P & L 4los '65. Koppers Co 4s °’

Louisville

Mo ower She 4 Narra Elec 3's 66. ....... New England Pow 3Yis ’61. N&¥ State Elec Gas_4s Ohio Edison 33 72 & BE

Peo Gas Lite Soke 4s 61. Penn Tel 4s ’6 Railway & Tite 2 4s ’55 Sou Cal G & E 4s '65 Sou rate Ss 6 Sou Nat Gas 4!2s ’51, Wisc G & E 325 ’66 Wisc Pub Serv “is Bl.cve..

—

Investmentt Trusts (By Thomas D. Sh#erin & Ho oJ 4

Administered Fund 2d . Affiliated Fund, Inc (new\. Simericen Business Shares. . ree Vv XxBullock Fun d. Lia nk xCentury Shares Ws Earp “4% oF VAS | or “Acc” unm Corp Trust Shares (orig) od) 3.1 Diversified Trustee Shs “B’’.. 12 Diversitied Trustee Shs *“C’.. Diversified Trustee Shs “D”.. xDividend Shares, Inc Fundamental General Investors Trust jicororated Investors e nvestm Marylana Fund £14, Corp. xMassachusetts Investors ...

108

105634

. BULA 106%s

.| ¥ear ending Jan. 16,

mutual savings banks, the American Ban estimated.

Totals for the United States now even exceed the peak figures set in 1929 and 1930. Deposits in all banks gained $5,000,000,000 last year, making the increase in the two years since the low point in 1934 $10,000,000,000.

Chicago Grain Futures

EF James E. Bennett & Co.) °

10:00 Prev.

Soy Beans—

July ..... 1.593% (b) Bid. (s) Sellers.

LOCAL CASH MARKET City grain elevators are - paying $1.29 for No 1 red wheat. Other grades on their merits. now No. 3 yellow, $1.01. Oats, 46c. Hdy—No. 1 timothy, $13.50@14; No. 1 clover, [email protected]; No. 1 glfalfa, first cutting, [email protected]; second ofting, [email protected].

Money and Eton

INDIANAPOLIS STATEMENT

Clearings $3.284.000 D bi 7,491,000

TREASURY STATEMENT (By United \Press) WASHINGTON, Jan. } 19.—Government

expenses and receipts for the current fiscal compared with

Last Yi $5 037, 985, 054. 24 034,772,189.87 5 1003.212,904.37 2,124,295,315.73 53 $27,306,343.44 0.154.904.511.52 209,032,530.46

year ago: is Year

Th Expenses $3,860,814,765. 85° Receipts. 3

Gold res. 11,311.78 Customs. 238.8

Other Livestock (By United Press) —Hog s—Markef,

1489.10

4 ; 130-140 $8.90; 20-130 100-120 3s 25; me, $10. $9; stags, $7.50. Calves,

ne E, —Hogs—Market, Pa 200- 235 hes 410. Haid: Bo; ah 260

bs. @10 [email protected]; 285- 328° pe $9.50@9. 80: 180-400 hie 1

$10@ 150-170 _1bs.. [email protected]; 100-150 .25@9. " 9. d

n. $10

Chase National of of Now York 195

are $12,192,902,522 as compared with |

“Slaughter Pig (10

Cash corn |

New York Bonds

(Reprinted From Late Times Yesterday) DAILY BOND INDEX (1926 Average Equals 100) {120 20

60 .- Rails, Utils. Bonds.

oday 3 onanday . Week ago ... Month ago . Year ago ...

100.9 99.9

100.4 106 84.7 105s (Copyright, 198. by Standard Statistics) (By F. 5. Moseley & Co.) v. S. GOVERNMENT BONDS if reasurys

4%s 1947-52 ..

D hesosvereses 108.18 . 08.

949 1942- 47 ..

DOMESTIC

Today’s Bond Bg etors—r Francisco Sugar | Inter- yan Elec 6s NYNHA&H 6s, i Utilities P & L 3 Youngstown S & 5 as 51 ..

6 1577

Prev. Close

| close Alleg Corp 5s ’44| ... ....100% 100% Alleg Corp 5s 49 | .. eve 96Y2 96 Am Frgn Pow 5s £030 «es. 86% 857 Am Tel & Tel 5% 112 Arm & Co (Del) 100

Local Livestock

Recelpis 6000

10. 25@ 10. a5 [email protected] | 10, 20@10. 45 Light Lights (140-160) Good a Hd

Me Lightweights— | 160-180) Good aid

Mediu (180-200) Good: z diu

Medium welghts (200-220) Good andl (220-250) Good Heavyweights— (250-290) Good (290-350) Good

choice. .$ [email protected] [email protected]

. 10. S00 40

@10 . 10.25@10. i [email protected]

[email protected] [email protected]

@10.35 10.00

choice. . choice. .

choice. . i choice.

Wr wos

0-140) Good ani choice..

ST dium’! (100-140) Good and

Medium | CATTLE —Receitls, 1800—Shoe. " .

Es ©o0o vono

E230 BY

(550-900)

293 i

ss 5950 141) = £5 tes DY ID bt ND

1a 0 D9 UY =3 0 ND cog ogo

Cc (900-1100) G

v ©EIBEOIOE gD ©

C (1100-1300) G

SII MIDI =I NI DI I =I DO BIT O11 OY © U1 U1 OF © U1 TO 093d —

M (1300-1500) ae CG

Heilers Choice Good . Common. medium. $3060 and choice. . Common | medium.

(500-750) [email protected] [email protected] 5.00% 8.50 [email protected]

(750-900) 5.00@ 8.50

ood Common and Bodine Low cutter and cutter Bulls, good Cutter, com.

6. 50 @ 7. 00 } 5.00@ 6.50 Veilcrs —Receipits, 500— Good and choice ...}|

Medium cull and medium

(250-500) Good and| chace. 3 6.004 Common, medi 4.5

Feeder and (500-800) Goon and,

Com medi . (800-1050) Good si choice . 85 Hatter Common, snedium. 5.25@ 6.50 eifer

ord + and choice i [email protected] Common and meditii 4.50@ 5.50

SHEEP AND’ LAMBS —Receipts. 3500—

[email protected] [email protected] [email protected] 7.50@ 8.50

(50- 175) Goon and | ichoice.. 4.50@ 5.50 mmon, medium 3.0002 4.50 {Shsep uty lambs * otations on clipped

Other “Livestock

(By Unit Press)

GO, Jan, .— Ho, gs Receipts, Inejuging 500 directs; market ; slightly lower than. Monday's av + top, . good and_ choice, 0.20: ants 1500 i shipps; good 350-

Cattle—Receipts, 70 calves, 2000; fed steers and yearlings. ely steady: general killing quality miuch plainer than Monday but shipper démand narrow and moderate supplies, choice to prime offerings: all others very, il] best yearlings nd bi affime mefum Yeishis ped several ivads, bulk of crop, $11 d 0 : er as much as eciine; thin stockers, [email protected]; meaty king 6.50 she stock firm; fairly ag cutter cows dos bulls, around $t 63 in arket; ers c_lower a ih ny oy "selects at $11.50. f Sheep—Receipts, 8000. ing slow; around steady with Monday's; ackers buying few lozds of light and andyweight lambs at $1).15@10. 25; strictly good and choice kids held higher; sheep steady; best fat :wes early, $6.

Lambs—

ba,

no directs: open-

ry it) covers’ the

UNITED,

AND LINOLEUM 139 WEST WASHING

Opposite Iodlana

Bonds of the United States Government, Its Territories and Insular Possessions

Federal and Joint Stock Land Bank Bonds,

Atl Coast iLne 4s ’52 .. Atl Coast Line 4%2s ’'64 Atch Top & S Fe 42s '48 Balt & Ohio 5s 2000

4 . Buff Roch & Pitt os 7... Beth Steel 4Yas ’60 Chi Milw & St 75 Chi Milw & St = 5s 2000.... 11 Cleve Un Term 5s ’73 Cleve Un Term 4s "1 Col Gas 5s May ’5 Col Gas 3 A orl ’52

Chi & West Ind & '52 Chi & Nor West tn Ss. Con Gas 4Ys ’51 Chess gop 5s 47 a , Pel, S 45 ’43 .

Erie 5s ’67 Gt Northern “G" 4s "46 | gt Nn orthern 4/Y 2 Gen Stl Cast Sr d &

Inter Tel & Tel 4lhs '52 . Lehigh Valley 4s 2003 ... McKess Rob 5's ’50 .. Mo Kan Tex Adj bs ‘67 . Nat Dairy 3%s ’51 Nat Steel 4s ’65 Nickel Plate 4 i m3 Nickel Plate 5l>s 74° N Y Cent 4l5s 3013 (01a) N Y Cent Conv 6s '44 Nor Amer Co 5s ’61 .... Nor Pac 35-3047 Nor Pac 6s 2047

Penn Ry 4%s 81

Penn Ry 3%s '70 Portland Gen = 328 ’60 Para Publix Penn P & L fps 2 . Postal Tel & Cab 5s '53 . Rem Rand WW 4Ys ’56 .. Shell Union oll Byer

cessssecne. 9678 seesssasese 9912

ssssssess

Warner Bros 6s 139” Western Mary 5%s 77 Western Union 5s ro Youngstown S & s : Youngstown S & T 312s *51 .

FOREIGN

Argentina A 6s a Australia 415s ’5 Brazil 8s 1 Canadian Govt 4s '60 Denmark 4!2s 2 . French Tlos ’41 ... German 512s 65 German Ts 49 .. Italy 7s '51 . Japan 612s '54 ......... Poland zz '47 Rome 6'2s ’52 Sisieeiniaiy Tokio City 5h * Yokohama 6s '61

112775

SWINE MARKET

ADVANGES WITH LIGHT RECEIPTS

Closing Sales Range Upward From 5 to 20 Cents as Trend Turns.

Overcoming the recent downward trend, light receipts today strengthe ened the hog market at the Indianapolis Union Stockyards and prices opened steady to 10 cents higher than the best quotations of yestere day. Closing sales for weights above 160 pounds were 5 to 15 cents higher and weights above 275 pounds ranged as much as 20 cents upward from yesterday's lows. Final quotations on 160 to 180« pounders were $16.30 to $10.35; weights of 180 to 200 pounds sold for $10.35 to $10.40; 200 to 225pound weights were $10.40 to $10.45; the 225 to 235-pound class were $10.35 to $10.40, and 235 to 250pounders brought $10.30 to $10.35. Packing sows were 10 to 15 cents Ligher, selling mostly for $9 {to $9.50, top $9.65. Weights of 250 to 260 pounds brought $10.20 to $10.25; 260 to 275 pounds, $10.10 to $10.15; 275 to 285 pounds, $10.05 to $10.10; 285 to 300 pounds, $9.95 to $10; 300 to 325 pounds, $9.85 to $9.90; 325 to 350 pounds, $9.75 to $9.80, and the 350 to 400-pound class were $9.65 to $9.70. Cattle Market Steady ; In the lighter divisions 150 to 160= pounders brought $10; 140 to 150 pounds, $9.75; 130 to 140 pounds, $9.50; 120 to 130 pounds, $9.25; 110 to 120 pounds, $9, and the 100 to 110-pound class were $8.75. Receipts totaled 5000. The cattle market was generally steady on all killing classes with receipts totaling 1800 cattle and 500 calves. Bulk steers ranged from $8 to $10, top $12.65. Heifers were mostly $6 to $8 and one load of light< weights brought $8.60. Beef cows

521 | brought $4.75 to $5.50, the cutter

grades $3.50 to $4.50. Weighty saus= age bulls sold for $6.50. Vealers continued the = downturn dropping 50 cents lower with the good and choice kinds selling for $11.50 to $12. :

Was | surprised when | discovered | really could.

BORROW MONEY WITHOUT ANY SECURITY AT ALL!

Only Household Finance Makes

ONOR LOAN

Nowhere else in town can you

borrow on this amazing plan

® "Too good to be true” —"I couldn’t ou do it?” — so run the comments of the hundreds of men and women who have investigated our new Honor Loan Plan. Everyone is amazed that we make a// loans .

y it” —"How can

without security.

Why do we? The reason is a simple one. We have found that most people pay an unsecured note as promptly as they do a secured one. So we decided to simplify our loan methods—to ask nothing but yoursigned promise to pay. No chattel mortgage—no co-signers or endorsers—no salary assignments.

If youareina position to make small

7 Features of the Household Finance

HONOR LOAN PLAN

1. Single men or women and ‘married couples who can make regular monthly payments tan borrow without security of any kind.

2, Small monthly payments. Example: $14.75 first month decreasing each month to $10.30 last month repays $200 loan in 20 months, including charges.

3. Youdo NOTneed co-makers or endorsers.

monthly payments you are eligible to apply for an Honor Loan. We make no inquiries of employer or friends. You—and you alone—know about it. Quick action. All details handled in private offices.

Household Finance does more than justlend money—it helps borrowers to get out of debt—and organize Home Money Management—to avoid debt worries. This service is free. Be sure to ask about it. Don’t let money problems worry you any longer. Learn about this mod-

American Ins of Newark Baltimore American .. Franklin_ Fire Federal Insurance .... Great American Insurance National Fire Hartford Hanover Fire National Liberty ....ceeveeee.. North River

Mutual Investment F Nation-Wide Vo os rang N American Tr Shs 1955 N American Tr Shs 1956. . N American Tr Shs (orig). XQuarterly Income Shs (new)

Real Estate Bonds and Preferred Stocks Selected Amer Shs, 1nc ected Amer Shs lorie).

gcted Cumulative Shs. . ; General Market Securities Selécted ome Shares 2.85 ! i

State St Investment Corp.... Indianapolis Bond and Share C orp.

Supervised Shs, I oe Inc (Del)... 129 EAST MARKET STREET

(The prices quoted are pald for stock gathered in .the country, while for deliveries in Indianapolis the prices are 1 cent higher. Each full case of eggs must weigh 55 pounds gross.) Eggs—No. 1 Strictly fresh, loss off, 18c

Penney Sears Roebuck Woolworth

4. Quick action. You can get the money the same day if you apply before 10:00 A.M.

5. Household Finance's monthly charge is less than the lawful maximum on all loans above $100.

6. Loans may be repaid at any time to reduce the cost. Charge made on unpaid balance only.

Indiana Municipal and Corporate Securities

2. Heavy breed hens, 5 lbs. and over. l4c: Leghorn breed hens, hdavy, 9c. Heavy breed springers, 1% lbs. over, soft Ti 13c. Leghorn breed springers, 8c. Heavy breed stags, 9c: Leghorn breed stags, 6c; heavy breed cocks. 7c. Ducks, full-feath-ered and fat, 5 lbs. and up, 7c. Geese, full-feathered and fat 5c. Turkeys, young toms. 12c; young hens, 10 lbs. and over, 1 ‘old toms, 8c; old hens, 9c: No. 8c. utter—Creamery, No. 1, 37@38c; No. 2, 340550 Butterfat—No. 1, 33c; No. 2, 3lc.

Trustee Am Trustee Stand Oilshares “A’.

rustee Stand “RB! Ex Divs and Ollshares ‘B”’.

U S Fire Crestohester Fire ..

Building Permits

ELECTRICAL son Building, 2 E. Washington St. $ Shell Petroleum Corp., 49th and Pennsylvania Sts., $5 Superior Rug Co., 340 N. Keystone Ave.

Roy Griffith, 5802 Broadway, $18

9 7.96 7.59

e Oi rs State ... Seaboard Oil ... Shell Un 28 Skelley Oil Soc Va

Aluminum : . . POSTURE a CHAIRS

Employee Comfort Tho m SO n & J] C Ki n Nn o n ern, dignified way to borrow today.

wc. nass| | Nex 2 | HOUSEHOLD FINANCE

and Associates _ TORONTO | | CORPORATION

134 8. Mer. Ri. 9727 SOUTH BEND FT. WAYNE EVANSVILLE TWO INDIANAPOLIS OFFICES Rm. 328 Illinois Bldg. 3d Fl. | Rm. 615 Mer. Bk. Bldg. 6th Fl, BOSTON uu Madleet 3, Sore) i, Cor § Washington & Meridian . : eiepnone: ey elephone: Riley 1471 Indianapolis Office “LOCALLY MANAGED OFFICES IN PRINCIPAL CITIES

‘200-21 4 CIRCLE TOWER LL Hear EDGAR A, GUEST Tuesdays NBC

(By United Press) HICAGO, Jan. 19.—Eggs—Market, weak; receipts, 10,071 cases; Sn graded firsts, 22%c; extra firsts, 221%4c; dirties, 18c; curTen eceiRS 17 o7sg | Pure Oil Co. Blake and W. e Find | Sts. $100. xq BUILD

: i firsis : ING : lac: ex ( score), ; specials, , 321, @323%c; firsts, 30% standards, fa apetio] Jie Co. 340 N. Keysions Ave 32¢ Frank Kern, 4500 Carrollton Ave., stoker, | mirestone

$265. : Daniel Harvey. 5630 N. Delaware St. Goodrich stoker U S Rubber 2 me Janitz, 1318 Wright St.. stoker, soot YW riaht. St. stoker, $3 US Rubber pfd 961; ED as Snoddy 1206 Cae Ave., stoker, 25.

1050 N. Delaware St.,

7. No inquiries made of employers, friends or relatives.

120 : Private consultation rooms. chigan

Cc. ‘receipts, 2. Score), 31%¢c @31c;

Poultry—Market, Sieady; receipts, 47 trucks; geese, 14@l5c; ‘ducks, 10@16c; spring chickens, 16 18c; broilers, 20@ 22c; hens, 13@18'2c; Leghorn hens, 9@13c; old roosters, 11@l12c; fiers, 13@]18c. Cheese—Twins, 171i @17'2c; Daisies, 17% @138c; Longhorns. 1734 ais 8c. Potatoes—Supnites nef stock) : demand, light; market, supplies, moderate; market, stronger; set Burbanks, $3.20@3 $2.80; Washington Daa Burbanks, $3. 45° Colorado Red McClures, $3.20 @3.40; Wisconsin Round Whites, $2203. 25: U. Commercials, a2: 10@2. 15; Michigan Russet Rurals, [email protected]'% (new stock) track sales; less Yona carlots; Sloss, bushel crates, Bliss Triumphs, $2. U. 8. No. 2, 81. 75; Texas, 50-lb. sacks, Bliss Triumphs,

2 riven 571. On trac 279.. Shipments, 523. 3 5 »

Tidewater Bsa. Un Oil of Cal ..

Rubbers—

York Stock Exchange. York Curb Exchange. York Cotton Exchange. New York Coffee and Sugar \ixchange. New Orleans Cotton Exchan:e. Chicago Stock Exchange © |! Chicago Board of Trade. Winnipeg Grain Exchange.

moder- | “Eimer Dunlap,

stoker,; $620.

—TICKET ORDERS ACCEPTED NOW—

500-MILE RACE - MAY 31, 1937

TICKETS READY FOR IMMEDIATE DELIVERY

INDIANAPOLIS MOTOR SPEEDWAY CORP. 444 N. CAPITOL AVE. Call RI ley 8605

Rush Jobs Make Us Smile

Hendren Printing Company, Inc.

‘470 CENTURY BLDG. RI-8533

And other leading Exchanges.

5501