Indianapolis Times, Indianapolis, Marion County, 21 January 1937 — Page 19
average wholesale prices
"20 Mammoth, doz, 90c.
“to 80@se.
Trends
Civil Service Tests Should Be Held, Flynn Says.
BY JOHN T. FLYNN
EW . YORK, Jan, 21.— Civil service reform is in the air. The President urged in his message to Congress that all Government employees, save a few policymaking executives, be put under what is being called the “civil Service. » ® The words “civil service” are a little mislesuing All Government employees, no matter how appointed, are in the civil service. What we have in mind — or ought to have in mind — in a this discussion is called the “merit system.” When: we describe it thus the discussion Mir: Fiyan i mmediately takes a different turn. For instance, what the President now urges is that all of those now in the Government service, put ther by political appointment, shall be covered into the “classified service” or “merit system.” Of course that method of stating it gives the whole proposal the appearance of .incongruity.
2 2 2
OW can you take a hoard of people named under the old spoils system and put them by a mere proclamation into the “merit system?” The classified service includes several things. (1) It begins with .the method of appointment—upon merit determined by competitive examination wherever practicable; (2) tenure of office during good behavior; (3) opportunity for advancement by the same method as appointment. The whole object is to eliminate from the Government service the baleful influence of the spoils system, which produces inferior employees and is the basis of the professional politicians’ power over the Government. Therefore you cannot have the merit system of civil service unless you have the merit system of appointment. *The Government service now is loaded with countless scores of thousands of employees who have swarmed into Washington with notes from the political bosses of their respective baiiwicks. ” # ” O pass a law putting all these people into the classified merit system would be grotesque. Moreover, it wouldn’t work. The Administration succeeding this one of a different party would promptly repeal the coverage and return all the jobs to the spoils system, from which, in fat, they had never been removed. Thus it has been going on for decades. Almost every President tries to dump a load of his own spoils appointees into the classified service. The next President weeds them all out, names his own people and gives them a classified service bath. President Roosevelt is merely trying to do this for all his appointees. If we are going to have an honest classified service ox, merit system reform; why will not the President have the courage to throw open all unclassified jobs to competitive examinations? This would be one of the greatest reforms ever undertaken by any single President. Uniil it is done this way, nothing, of course, will ever come of all the
talk. (Copyright, 1937, NEA Service, Inc.)
Fruits and Vegetables
(Quotations below subject to change, are being offered to Buyers by local commission dealers.) ruits—Pears, Oregon Bosc, 120s, $3.50 California Avocados, 20s-2ds, bos $2. Oregon D’Anjou, exira, fancy 10s, Bananas, selected, 1b., vol les—] rimes, 2'2 inches int or No. 1 Ind Delicious, 2% inches up, $2.25; No. 1 Golden Delicious: 2% inches ui 32; 1 Siaymsnt, 2% inches Xp $2; Jonathans, $2. No. oO New York Wealthy: 21 inches 2d $1.65; No. 1 Rome Beauties, 2)2 inches up, $2; No. 1 Finer Bananas, 22 inches up, 3 75; No. 1 Winesaps, 2% inches up, $2; 1'New ‘York Jpperisls, 22 ay up, $2. OS Sivas Sunkist, 360s, $7.50. Limes, Mexican, carton 13s, c. Grapes—California Em/perors, . 32-1b. chest, $3.75. Tangerines, % x crate, 120s, $1.15. Grapetruit, Texas ‘seedless, 40s to 80s, soo Oranges, California SSUNEISS navels, $4.50@5. Kumgquats, Floridas, qt., : bn 24s-30s, crate, 4. a iia Florida. pt., 16¢. egetables—Artichokes, doz., $1.25. Beans, ‘Florida » strin less, Jamper, ‘$2. 30, Beets, Town, Texa doz. $1.75. Dl. California, case, $3; ch, 15c. Brussel Sprouts, per drum, * $3.25. Cabbage, New York, 50-1b. bag, 85c «new Texas, crate. $2. Carrots, Cali rhs * bulk, bu., $1.25. Cauliflower, 11s, crate, $2. Celery. doz., $1.15. Cu$5.50; doz. Sl. pots, ‘Kale, Virginia, bu., < Lettuce, Iceberg, Arizona, 4s. $3.50; :Bs, $3.75: 80s. $3.25; ieaf, hothouse, 15-1b. ~ basket, 75c. Endive. California, doz., $1.15. ‘Peppers, Mangoes, crate, $3.50; doz., 40c. ‘Mint, doz. c. Mushrooms, homegrown, rd. Texas, bu $1.50. On5c; Westh, $1.40; Rr Oy $1.25. doz., 45c. Pa home- : Southern, b : homegrown, % bu. 90c. Potatoes, Green Mountains, i . $3.40; Idaho Russets, $3.75; Mich«4 Pia rural $2.65; Colorado BeCires, 1 $3.60. Rutabagas. Canadian, 50-Ib. bag. :90c. Sweet otatoes, Tennessee Nancy + Halls, JgmpeL. $1. 65; Indiana Jersey ‘‘Pos- . $1.65; Louisiana Puerto Ricans, Radishes, buttons, hothouse, ; white, 45¢ ubarb, hothouse, |’ 0. 5-1b. carton, 55c. Sage. doz. 45c. * Spinach, Texas, bu., $1. Shallots, doz., 35c. 2 Squash, Hubbard bu., $1. Turnips, bu., $1. < Tomatoes, repacked, '10-ib. box, $1.25.
: (By Times Special CHICAGO, Jan. App ples—Michigan McIntosh, 81 50@2. Erect otatoes—PuerRicans, $1.35@2. Fas, bu 83m80% be. oy Spinach—Texas Sa
he. s—Mexican lugs, .2 i Bower—California, cates. 0 —Mexican, hampers, $3.6 5 Michigan, square crates, 40@90c. . (50-1b. sacks)—Illinois and Indiana Ir : lows, 25@50c; Michigan 3 yellows, 55¢c.
Produce ce Markets
(By United Press)
: CHICAGO, Jan. 21.—Market, easy; re- $ COE 9697 cases; fresh graded firsts, 22c; extra firsts, 22c; dirties, 18c; current re20%%¢c; checks, 17c. . utter—Market, unsettled; Yeceints, 5715 * tubs; extra firsts (90-91!2 score), 31% @ : 31%c; extra 62 score), 32c; specials, 321%
ipts,
t @33c; firsts, 30% @31c; standards, 32c. RL a, easy; e: : trucks; geese, 1 @l ucks, 10@17¢c; spring Shiskens, 17@19c; broilers, 21@23c; : hens, 12@17%¢; Leghorn hens, 9@12c; old + Togsters, 1 11@12¢c; Jflkess, 3 13@18c. Chee ne @1 Yeh Daisies, 17%@ 17%¢; orns, 111%
@17 A eanEnt stock: Su liberal; : demand, slow; market, ste ; Idaho Rus- : Burbanks, 1] fess: Washington ‘ Russet Burbanks, U No. 2. Colorado Red M McClures. &. [email protected]; Wisconsin ¢ und Whites, $2.25; Michigan Russet | Rurals, [email protected]. New Stoel, Supplies, . moderate: demand, slow; Jasike, steady; track sales: less than carlots: Florida, bushel crates, Bliss Triumphs, $2.05@2. 15;
xas, 50-1b. : Tro als, 66; on track, 279; shipments,
®
Abreast of The Times
on Finance
PAGE 18
NEW EQUIPMENT EXPANSION FOR UTILITIES SEEN
Full Capacity Operation of Builders Forecast by Brookmire’s.
Times Special NEW YORK, Jan. 21.—Marked gains in heavy electrical equipment demand by utilities, added to the already flourishing light equipment demand, should bring about full capacity operations for electrical equipment companies during the years just ahead, according to an analysis issued by Brookmire Economic Service “Plants producing the heavier types of electrical equipment, which only four years ago were virtually hut down, may well be operating ay and night in the years just ahead, in order to provide utilities with increasing capacity needed to meet the rapidly mounting demand for electricity, the service said. “To demonstrate the striking growth in electric consumption, it is only necessary to point out that 1936 consumption exceeded by 10 per cent that of the highly pros- | perous year 1929.” I Growth in the utiliization of electric energy, unless paralleled by a similar growth in utility plant equipment, reduces surplus capacity, the analysis pointed out. Budget Up 60 Per Cent That the industry has gone about as far as is safe in this direction is indicated by the fact that despite economic and political uncertainties, new steam generating equipment to be added this year—while yet small—is two and one-half times as much as that added last year, Brookmire's said. Furthermore, increased consumption tends to lower rates for electric current, thereby stimulating further sales of household appliances and industrial equipment. These factors make it imperative for the utilities to maintain a reserve generating capacity to take care of the daily peak load and emergencies. Electrical equipment makers can look forward to larger sales of household appliances and industrial equipment, plus a lucrative business from utilities in the heavy types used to generate, transmit and distribute current, the report said. The gain of 60 per cent in the 1937 utility budget for capital expenditures reflects the urgent need for the industry to enlarge facilities.
SAVINGS AND LOAN ASSOCIATION GAINS
Ali officers of the Railroadmen’s
Federal Savings and Loan Associa-
tion were re-elected late yesterday at the 49th annual meeting of the organization, F. S. Cannon, president, announced today. Pointing out at the meeting that the total membership now is 39,647, Mr. Cannon said, “Improved business conditions are observed in all the departments of the association. Continued and increasing interest in.real estate investment and property improvement indicate ‘considerable gains in business during this year. Home financing geared to the present day demands should provide ample funds for new homes, home remodeling and repairs in the greater Indianapolis area.”
Chicago Stocks
(By Atkins, Hamill & Gates) 10 Prev.
close. Asbestos Manufacturing Sasa 4 Bastian Blessing a 1935 Ber 13%, Cen hot Illinois Publ Service. . 75 Cities Service 47 Commonaenitn Edison Cord Corp Crane Co
Cunningham Drug Electrical Household .. General Household ... Godchaux Sugar ‘B’ . Great Lakes Dredge . Jarvis C
Lion Ps racking Marshall Field Mid-West Corp pid Noblitt Sparks ... Northwest Bank ... Swift International Schwitzer-Cummins Sundstrand Sian Products glgreen ........... Luo 38 Wiliam Toil: O-Matic ve Woodall 13%
New York Curb
(By Atkins, Hamill & gees) Prev. close. 158%
357
Aluminum Co of America.. American Airline American Cynamid “B” Am Gas & Electric . 4653 American General yew 1 1175 Arkansas Natural Gas “A”. 10 Barium Ste 8! 5% , Carrier C 311, Chica 8% Som oe onso SAL Copper Coopér Bessmer a Detroit Grey Seon . Eagle Picher Lead . : . Electric Bond & Share. “vil Ford Motors, Rl “pn Seperad oo ire reenfield Ta - Gulf Oil Penn B% Dis Humble Higrade Fo nterna fod v Lion Oil
Niagara Hudson Power Pan American goo, Petroleu i i ustless Iro Bustless In a & Steel Svences ores erchi Broth . Stutz M ors
Produce M Merkers
(The prices quoted are paid for ered in the country, while for ao bisher. Bach full sas She, prices are 1 cent DE pach of eggs must weigh de Eggs—No. 1 “Strictly fresh, loss off, 17c
Heavy breed hens, 5 lbs. a zr Leghorn bréed hens. Bn ove AN 0 Dreed springers, 1, lbs. over, Leghorn breed springers
Lead stags, 9c: . Ducks, full-f - ered and fat, 5 lbs. and up. 7c. Gath: full- feathered’ and fat 5c. Turkeys, toms. 12c: voung hens. 10 lbs. and l4c; old toms. 8c: old hens, 9c: No. 2. 8c. utter—Creamery, No. 1, 36@37c; No. 2.
soft meated,
33@34c. Butterfat—No. % 33c; No. 2, 3lc.
ACTIVE MARKETS
All Issues Founded in 1924
Local Securities
T. P. BURKE
Merchants Bank Bldg. Fort Wayne
8 COMPANY
a Haute-
INCORPORATED INDIANAPOLIS | South Bend
Riley 8535
THURSDAY, JANUARY 21,
New York Stocks
(By Thomson & McKinnon)
{ High Low A.M. Amusements—
Loews Inc Paramount - Radio Corp KO
20th Cent Fox... Warner Bros ...
Aviation—
Aviation Corp.. Boeing Aircft .. Curtiss Wright . Curtiss Wr “A”. 2
Unit Aircft (new) 3 Trans Cont & W Building— Am Radiator FH Bar Holland Furnace 481% Lon ar 59% To Manville 146 Libby Owens Gis 78% gus Eo 1m a ypsum . Warren Bros ... 113% Chemicals—
Air Reduction .. 77% Allied Chem Am Com Alcohol 28% Col Carbon .... Com Solvents .. Du Pont .......}19} Seton Tex .. Math Alkali ..
To — 400 CO «3b ON ibs
— [or BENIN LwY
— tt
a BO BI IBID CO
CO i on
S A Home Prod.. Drugs—
Lambert ........ 21%
Vick Chem Equipments— Am Brake Shoe. Am Car & Fdy.
Am Loco Am Steel Pdy... Bald Loco Gen Am T Car. Gen Elec
g Foliman 316
-2- 60% Westiteh Flee . [158% Financial—
V2 157% 158° 158%
43g “15% 68
89
‘Adams Exp 1 18% 3 18% AR Corp. ” 43g Am Int Cor 1
Transamerica Foods— Am Sugar cacene Armo Armour 69% pid. paailice Cream.
544 10%s
90 26% 27
44%, 31% 37
707% 1214 181% 43% 37% Seine 15 Holly Sugar ... Natl Biscuit .... Natl Prod Sy Bak 3.150 Rico Sug Std Brands 16 Swift TE Swift. Intl Un Biscuit ..... United Fruit ... Wrigley 75 Household— Col Pal Peet Congoleum Mohawk Carpet. & Gam le; Servel Inc Simmons Bed . Mining—
Alaska .Jun .... Am Metals . Am Smelt .. Anaconda .. . Cal & Hecla ... Cerro De Pasco.
Homeaakn Min’ 405 Howe Sound Ins Copper .... Int Nickel .... Isl Creek Coal.. Kennecott Cop Mcintyre Mine .
tah Phelps Dodge ‘ve St Joe Lead ... U S Smelters ... 89; Vanadium 313
Miscellaneous— Allis Chalmers.. Amer Can Am Mach & Bay Anchor Zap ie Brklyn Man Burroughs a
—- —
0 CS
- OR ULI DIN a3
Caterpillar Tract Crown Cork.. Curtis “Pub Deere & Co Y Poser Wheeler. .
—
bt ENR 4
—- fest It CDN 4 £0 CO ON ND CI BI BI = 3
pty bed EID NS
Underwood E Worth’ton Pump 4
Motors—
ON >
grapam Mot “ae Hudso Mack "Truck . ash
eo Studebaker White Mtrs ... Yellow Truck ... 2
Motor Access—
2 Elec Auto Lite.. Greyhound New. Houdaille Motor Wheel Stew Warner ... 19% Timken Det Axle 2414 Timken Roll ... 72% Oils—
Amerada ..... Atl Rig ...
2%
107% 32% 31%
Houston (new) .. Mid Cont Pet .. 3
et Corp Phillips Pet ... Plimoth oil .
Quaker State ... Seaboard Oil
Texas Corp .... Tidewater Assn.. Un Oil of Cal .. Balls Atchis
Can Pacific ... h & Ohio .., Chi & Gt W pid CM&St P pid Chi NW Dela & Hud .... Del Lac & W ... 1 Erie
Gt No th f orther Tani gs Vi all 91 ehig alley . = & Nash...
Retail Stores Allied Stores . Sed Dry_Goods. & Co
imbel Bros ... 22 Jewel Tea ..... 80 Kresge 8S 8 ... Kroger Groc Macy R
McLellan St Marshall Field .. May Dent St Mont Ward
57%
Fidelity Trust Go, 148 E. Market St. Invites Applications For Its New PERSONAL LOAN DEPARTMENT
Loans. ....$50 to $500
With Collateral or Indorsements Member Federal Deposit
10:00 Prev. High Low A.M. close Penney J 0 Ve -102 102 102 101% Safewa . 42Y, 42Y, 42 Sears Woolwort Rubbers— Firestone Goodrich ..... Goodyear
S Rubber U S Rubber pfd.. Steels— Am Roll Mills .. Beth Stee! Byers A 1 NM Cruc Steel Keystone Steel . Lualum Steel Natl Steel Otis Steel 18 Rep Iron & Steel Sharon Steel . U S Pipe & U S Steel
War Pipe. Youngstn S Textiles— Adams Mills ... Amer Woolen ... Celanese Corp .. 30% Collins Aikman.. 59% Gotham Hose .. 13% Indus Rayon ... 38%
Tobaccos— Am Tobacco ih 1 d i Philip Morris . Reynolds Tob ‘B' 9 Utilities—
Am & For Pwr.. 13% Am Power & Lit ths
Sui,
26% 14%,
Col Gas Wis Comm & Sou... Consol Gas _.. Elec. Pwr & Lit.. Jntethoro R T..
Peoples Gas _. Pub Serv N J.... 521% So_Cal Edison.. 3
Std Gas Stone pA Webster 30% Jaised Corp.... ‘198 Gas Imp.... 16Ys ot Por & Lt (A) 4% Western Union.. 82%
Other Livestock
(By United Press)
CHICAGO, Jan. 21.—Hogs—Receipts, 13,000, dicmams 4000 directs; market mostly 10@15¢ higher than Wednesday’s . average; sows and extremely heavy butchers, Strong to shade higher; unfinished pigs steady: top, $10.45; bulk, good and choice, n. 306 1bs., $10; [email protected]; best sows, early,
*Caitle—Receipts. 5000; calves, 1200; fed steers and yearlings again fairly active; steady to strong; order-buyers and shippers in market. Taking strictly good, thojee and prime steers at firm prices; 0 $14.50: a new high, aia for Nebraska hig! hest price, 35; 1557-1b. dull; cutter
fod long yearlin, $14.40; Buigrofs Boads: $13@1 averages, $13.50; beef cows du grades steady; bulls Sone. to higher; best desirable kinds considere actical top weighty bulls, $6.60;. vealers steady at $11.50 down; stockers and feeders continue scarce; country demand narrow; trade 25c or more lower for week, Sheep—Receipts, 15,000, including 500 directs; fat lambs opening slow; indications steady to unevenly lower; Howdin best fed offerings upward to $10.75 an better, with some interests taking He evenly lower, or downward from $10 available supply comprising mostly pit Western lambs and Western ewes; undertone weak to lower on latter class. (By Times Special) LOUISVILLE, Jan. 21, — Cattle—Estimated receipts, 550 head; receipts largely rail shipments; high water holding truck arrivals to a mnimum,; tat cattle market slow as it appears everything will have to be killed locally) few short-ted light steers to sell from -$7.50@9 and few cars plain Southern butcher heifers from $6.50@ 7.25; cows and bulls, scarce; several cars ‘West ern stqQckers in run; trade slow. Calves— Estimated receipts, 275, including 175 stock calves; availaple suppl vealers, very small; market opening steady or $10@ a for better end; choice quotable to $11.5 50. Hogs—Estimated receipts, 0; hog market opeuing 15@20c higher han Wednes-
sausage
ers, $10.60; bulk .170 Ibs. d up, $10.35@ 10.55; cows mostly $8.75@9. Sheep—Estimated receipts, 50; no Jat ambs or sheep unloaded; arly quotations considered nominai "with good and choice Swes and wethers figured around $10@10. Receipts, Wednesday—Cattle, 340; es 75; hogs, 247; saeen, 118. Shipments Wednesday—Cattle, 121; calves, none; Soa 145; sheep, none.
Other Financial News On Page 20
day; few sorted around 2004220 lb. butch- L
1937
SWINE MARKET CONTINUES RISE AT STOCKYARDS
Closes 10 to 15 Cents Higher With Small Supplies in Most Centers.
Continued light receipts boosted
hog prices today at the Indianapolis 4
Union Stockyards and at the opening weights of 160 pounds up gained 20 cents with the underweights 25 cents higher. Toward the close prices declined
somewhat and 10 cents = was lost 3
from the highs on all weights. Small supplies have been general throughout the country, according to the local bureau of the Department of Agriculture, resulting in the upward trend of the last few days in the face of declining fresh meat prices. Local receipts today totaled 5000. At the close 160 to 180-pound
| weights ranged from $10.50 to 10.60;
180 to 200 pounds brought $10.55 to 10.65; 200 to 210 pounds, $10.60 to $10.70; weights of 210 to 225 pounds were $10.55 to 10.65; 225 to 235 pounds, $10.50 to $10.60, and the 235 to 250-pound class brought $10.45 to $10.55. : Packing sows were 10 to 25 cents higher and ranged from $9.25 to $9.75, top $9.85. Weights of 250 to 260 pounds were $10.35 to $10.45; 260 to 275 pounds, $10.25 to $10.35; 275 to 285 pounds, $10.20 to $10.30; 285 to 300 pounds, $10.10 to $10.20; 300 to 325 pounds, $10 to $10.10; 325 to 350 pounds, $9.90 to. $10 and the 350 to 400-pound class were $9.80 to $9.90.
Steer Run Light
In the lighter division 150 to 160 pounders sold for $10.15 to $10.25; 140 to 150 pounds, $9.90 to $10; 130 to 140 pounds, $9.65 to $9.75; 120 to 130 pounds, $9.40 to $9.50; 110 to 120 pounds, $9.15 to $9.25 anc weights of 100 to 110 pounds, $8.90 to $9. There was hardly enough steers and yearlings to dependably quote a market in the run of 800 cattle and 400 calves. Heifers and steers were steady. Steers ranged mostly from $7 to $9, top $10.50. Heifers were $6.50 to $8. Cows were steady to strong. Beef cows brought $4.75 to $5.50, the cutter grades, $3.75 to $4.50. Sausage bulls were steady at $6.50 down. Receipts of 3000 in the sheep market consisted mostly of fed western lambs and yearlings. Fed western lambs were 25 cents higher,
the good and choice kinds selling at |.
$10.75. Fed yearlings were steady at $9.25. Slaughter ewes were quotable steady at mostly $4 to $5, top $5.50.
Other Livestock
(By United Press) LAFAYETTE, Jan 2 st, 13@ se higher; 2
5-250 1bs., $10. 25@10. S00 [email protected]; 275-325 lbs. $ 200 lbs., [email protected]; 1bs @10.20; 130-150 1bs., [email protected]; 1bs., $8.50@9; roughs, 8. 25 down. Calves, $11" down. Lambs, $10 down NE, Jan. 21.—Hogs—Market, 5c 5 $10.50; 225-250 Ibs, ; 50-275 Ibs.
$9. 130$8. 95: “00-120. 1bs..
y ..140- 1bs 35: ast 120.330 Qos A 5 $7.50, Calves, $12.
: stags, I $10.25.
"
ni A
the Standard Statistics Co. were reported.
New York Bonds
(Reprinted From late Times Yesterday) DAILY {OND INDEX (1926 Ave! ige Equals 100) it 20 20 60 Ins. Rails Utils. Bonds “94
(By F. S. Voseley & Co.) U. S. GOVE/INMENT BONDS Tr fsurys 194% 52
sesesciliessencns
1949-50 . i Home "owneis Loan Corp. 1342 44 ..
1953 Federal Farr Mortgage Corp. 103% 06.4
1942- 47. 105.15
Zee esto
Receipts 2000
21. [email protected] I Light Lights—
(140-160) Good anit choice. 4 35 10.60 | preg & Rob edium | [email protected] Mo Kan T
Lightweights— i t160- 180) ¢ Good an choice. . ie Hous .65
um | 0.8 (180-200) ood ang’
Medium Weights i (200-220) Good ard (220-250) Good | Heavyweights— (250-290) Good ari {oon 350) Good arf Pack ing Sows— i 75-350) Good® | i\ (250- 425) Allee = (425- id: ill. eee (275-550) Ne resecces SH Pigs— 3 (100-140) Soul a al i choice. .
choice.. [email protected] choice.. 10.35@10,65
‘choice.. [email protected] choice... [email protected]
— ©o wvwvo
£5 0399 a3
—Recei an 800— (550-900) i i . Good
Wn
DD ~N
C (900-1100) G
C (1100-1300) G M (1300-1500) G
H Choice Good Common, medium. Good an’ choice. . Common, | Sinedium.
(500-750)
(750-900)
ood i Common and medio Low cutter and cut Bulls, good Cutter, com.
Sood and choice .
um og oul and medium .. |... Cal es (250-500) Sond ani. choice..$ 6.00@ 9.00 ommon, {‘nedium. 4.50@ 6.00 Fors and {ifocker Cattle
(500~ 800) Good an:| choice .$ 6.50@ 8.25 ommon, nedium. 5 25@; 6.50 (800- 1050) Good ant: choice . 50@ 8.25 Common, {thedium. g 25@ 6.50 Heifers—
Good and choice | [email protected] Common and medilif .50@ 5.50 SHEEP Ali LAMBS —Receipi +; 3000) —
[email protected] [email protected] 5.00@ 9.00
deesssss
~eo- -175) Good and Lholce. . Common, edinm a {Sheep and lamb ffiptations on clip basis.)
J Grt Northern ‘G’ 4s '46
DOMESTIC Today’s Bond Leaders—
Pp Cio y Balt & Ohio 44s "60 ......... 18% _4
Mo Kan & Tex 5s "67 ......... 2% Republic Steel 42 30 varie ve 18%
Utilities P & L 5s Youngstn Sheet & ES 3%s ’51. 13812
g : Close Alleg Corp 5s ’44 .... Alleg Corp 5s ’49 Am Frgn Pow 5s 2030 . Am Tel & Tel 5%s ’43 Arm & CoO (Del) 4s ’55 ..... Atl Coast ikne #4Y2s '64 Atch Top & S Fe 4%s 48 .... Am Wat Wks 6s ’75 ........ Balt & Ohio 5s 2000 Balt & Ohio 6s '95
Balt & Ohio 4%s ’60 Buff Roch & Pitt 4Y%s 57 . Beth Steel 4Y%s '60 Chi Milw & St P 5s est Chi Milw & St P 5s 2000 .... Cleve Un Term 5s °'73 Cleve Un Term tis y
Grt Northern ‘H' 4s '46
11 Cent Jt 4's 11 Cent 5 63 913% nterboro Ra i Erapsit 5s '66 gs nterntl Hy ‘44 [Interntl Tel & ret 3p 30...
-—~ aa
8. a
Cent 5s 2013 N Y Cent 42s 2013 old) N Y Cent Conv 6s Nor Amer Co 5s at . Nor Pac 3s 2047 {........... . Nor Pac 6s 2047 Nor States Pow 55 41 New Orleans Ser 4s '55
oe
70 | ie B53 El 415s 60’ Para PHbnR 6s '55 Penn P & L'4l%s
De Pac Bs lo ve Texas Pac 5s “eit Third Ave Adj 5 160. coe .e... 14] Union Pac 4s United Drug 5s Ta S Rubber 5s ’47
Warner Bros 6s Western Mary 514s 77. Western Union 5s Youngstown § & $ : Youngstown S & T 3lzs '51.. T1981
FOREIGN
57. 000ereees.10235 1024 1 102s
521,
Argentina A 6 Australia 4'%s Brazil 8s ’'41 . Canadian Govt 4s 180. neiess Denmark 4!'2s °’55. German 5'2s German Ts ’49 aly 9s '51:.. an 615s 54. Po and 7s '47 . Rome 6l2s ’52 Tokio City 5'2s.’61.. Yokohama 6s '61
Money and Exchange INDIANAPOLIS STATEMENT Clearings .........u. $2,901,000 Debits 7,336,000
TREASURY STATEMENT (By Units Press) WASHINGTON 21.—Government expenses and receipts for the current fiscal year ending Jan. 18, compared with a year ago:
This Last Y Expenses..$ 3,988, 305: 9it. 3 $2. 064, 209. 340. 08 Receipts. . 3 3g 2.046.577.400.76 D ie 645.23 30743 33 2.017.731 1841.32
: 24.308 300.008 31 10,158,419.024.46
Customs. . 241,358,562.18 210,519,176.31
- 1 oh Dividend Changes Drop Favorable dividend changes last week totaled 80, compared with 114 in the preceding week, according to
No unfavorable changes
IDLE WORKER IS MAIN PROBLEM CARRIEDTO'37
Business Activity Expansion Absorbs Six Million in Three Years.,
Times Special WASHINGTON, Jan. .21.—The absorption of idle workers by pri=vate industry still is the paramount problem carried into 1937, the Department of Commerce said today. With the expansion in business activity during 1936, employment conditions were markedly improved, the Department said. Estimates compiled by the Bureau of Labor Statistics show the number at work, exclusive of those in agriculture, has increased more than 6,000,000 since the depression low in the first quarter of 1933, officials de= clared. While this has resulted in a large reduction in the volume of unemployment, large numbers of workers still remain to be placed on the private payrolls, the Department said, Weekly Earrings Up " As in 1935, the rise in employ= ment during the past year was ac= companied by an increase in aver= age weekly earnings which caused a sharper gain in payrolls than in employment, the report said. Average hourly earnings were slightly higher if 1936 than in 1935, while the number of hours worked increased. For factories covered in the National Industrial Conference
‘| Board’s monthly survey, the average
hours worked per week increased from 36.9 in the first 10 months of 1935 to 39.4 in the same period of 1636, the Department said. Reporting an average gain in fac< tory employment of 6.3 per cent throughout the first 11. months, the Department said payrolls were 15 per cent higher for this period than for the same time in 1935.
wr New Bond Issues
(By W. L. Lyons & cod
Allied Stores 3 128 '51.e.000044.100 Ark La Gas ’51. «+30 Argentine Rep Sis 1. Armour 49 ’57 100s as d Tel 4s ’65 . 108 B & O 4'%s ‘39 : . 101'% Cal Oro Pwr 4s '66 4 100%! Oa2nt Maine Pwr 4s '60 s 187 Cent Maine Pwr 312s ’66 2 100 Cinti G & E 34s 6 5 1037% Cleve Tractor 5s S45 101%
Ask, 10074 102%g 100's
Fla Power 5s "66 . v Great Nor 334s '57 9712 Houston Lt & Power "315s ’66.. Indpls Wtaer 3'2s '66 Iowa Sou Util sits
4 Los Angeles G & E 4s '70 Lonisvive G ss E O85 '86.
Minn Gas & Lite 4s '50 Mont Power 33s ’66.......... Narra Misc 32s '66
Peo Gas Lite Coke 4s Penn Tel 49 ’65 Railway = Lite Sec 412s * Sou Cal G & E 4s ’65.: Sou Kraft 4%s ’'4
Dated Janyary 21, 1957.
This appears as matter of record only and is under nc circumstances to be construed as an offering of these Bonds for sale, or as an offer to buy, or as a solicii ation of an offer to buy, any. of such Bonds. The
offer is made only by means of the Prospectus. This is published on behalf of only those of - the undersigned who are registered dealers in securities in this State.
4
Dated January 15, 1937
$85,000,000
Government of the L'ominion of Canada BON Ds
- $30,000,000 Seven Year 2Y,% Bonds
Due January 15, 1944
$55,000,000 Thiriy ¥ ear 3% Bonds
Dated January 15, 1937
Sp m——— ’
PRICI'S
Due January 15, 1967
Seven Year 2Y,% Bonds 991,% and Accrued Interest - Thirty Year 3% Bonds 98: and Accrued Interest
roam
Copies of the Pyospectus are obtainable | from only such of the undersigned as are registered dealers in | ‘wcurities in this State.
|
MORGAN STAl'LEY & CO. Inecerpore! ‘THE FIRST BOSTON CORPORATION
°
EDWARD B. SMITH & CO.
BROWN HARRI VIAN & CO. \ Incorpersi:
WOOD, GUNDY & CO., INC.
McLEOD, YOUNG, WEIR & CO. Limited
DOMINION SECURITIES CORPORATION
AE, AMES & co.
N incorporate |
ROYAL SECURITIES CORPORATION
Insurance iit om