Indianapolis Times, Indianapolis, Marion County, 21 January 1937 — Page 20

~>the jobs to

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 mes- , sage to ‘Congress that all Government employees, save a few policymaking, executives, be “put under what is “being called the “civil service. el The words “civil service” are a little! misleading.

employees, no matter how appointed, are in the civil service. What we have in mind — or ought to have in mind — in this discussion is called the “merit system.” When we describe it thus Mr. Flynn the discussion i mmediately takes a different turn. For instance, what the President now .urges is that all of those now in the Government service, put there 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. a ” » 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 ad‘vancement by the same method as appointment. The whole object is to eliminate - from the Government service the baleful influence of the spoils sys-

; tem, which produces inferior em-

ployees 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 baliwicks. un 2 O pass a tow 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 e spoils system, from which, in fact, 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 or, 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. Un1il 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 average wholesale prices being offered to “buyers by local commission dealers.) Tui Pears, Oregon Bosc, 1505. ‘California Avocados, 20s-24s, box, Oregon D’Anjou, exira fancy Bananas, selected, 1b. A Grimes, 2% inches nt i No. Delicious, 2%2 inches up, $2.25; No. 1 Indiana Golden Delicious, 2% inches ue. 03%} ‘No. 1 Staymans, 2% inches up, $2; Jonathans, 2%, inches up, $2.10; Ne, L New York Wealthy, 2% inches up. $1.65: No. Rome Beauties, 22 8 No, Winter Bananas. 21% 1 Winesaps, 2% inches up, $2; ew ‘York Imnerisis, 21% inches up, $2. Lemons, Sunkist, 360s, $7.50. Limes, Mexican, car0! , 25c. Grapes—California Emperors, 32-lb. chest, $3.75. Y X_ crate, $1.15. Grapefruit, -seedless, 40s to 80s, Oranges, California Sunkist havels, $4. Kumquats, Floridas, qt., Pineapples, 24s-30s, crate, 4. LLL Florida. pt., 16c. * Vegetables—Artichokes, YL $1.25. Beans, Florida strin Tess, hamper, ‘$2.50, Beets. - homegrown, $1: new Texas, 3 doz. .crate, $1.75. Broccoli, Sehlorma, case, $3; - per rum ag: 85c; can ornia, bull, bu., $1.25. Cauliflower, 11s, crate, $2. IC Mammoth, doz Soc. 5. Celery

3.50; 2. 1.

inches

75¢. ‘Peppers, Man oes. ‘crate, $3.50; 0H . Mint. doz. c. Mushrooms, homegrown, ‘1b., 30c. Mustard, Texas, nt. $1.50. Onions, Indiana yellow, 50-1b. bag, 75¢; West‘ern Spanis Northern white, $1.25. . Oyster Plant, I. 45c. homeTown 40c; Southern, Pa nt Ry homegrown, 2 bu. 90c. “Potatoes, Maine reen ai 1001b. bag. $3.40; Idaho Russets, $3.75; MichB® 65; Colorado McClures, Canadian, 50-1b. bag. atoes, Tennessee Nancy .65; Indiana Jersey ‘‘Pos- ; Louisiana Puerto Ricans, Lo buttons, hothouse, ‘white, 45c. Rhu path, hothouse, 1, Sib, carton, 55c. Sage, doz. 45c. 3g din aa, ba. bu., : 81, shallots. doz’ Be. 2 Squas ubbard i rn EiDatoes, a 10-ib. box, $1.25. : sy Times Spesiap CHICAGO. ples—Michigan Mcintosh, $1. 36 2; Sweet i fitan ‘lo Rican oil 5@2. .Carrots—Illinois, bu., Spinach—Texas bu., ecas0e, ToLL lugs. $2.25 2.90. ,Cauli- ‘ Bower—California. Slat es. a 16001. 0. Mex Kaan, are $3. eaten oa 90c. ; 50-1 Bch Ei and Indiana yel- § lows, 25@50c; Michigan yellows, 55c.

Produce Markets

§ (By United Press) HICAGO, Jan. 21.—Market, easy; PRL, 9697 cases; fresh graded firsts, 22c; extra nIsts. a dirties, 18c; current receipts, 20%2¢; checks, 17c. utter—M Market, unsettled; receipts, ss { tubs; extra firsts (90-91%2 score), 31% @ ; lke: extra ¢2 score), 32c; specials, 33% } @F3 c; firsts, 30% @3lc; standards, 32c. ry arket, 10@17c;

Bre @16c; ucks, spring i 17@19c¢; booties, 21@23c; _ hens, 12@17%c; Leghorn hens, 9@12c; old , Toosters, eo ie; turkeys, 13@18c. **Eonghon frisay oC sles, 171% @ 3 gl onghorns, C 3 104 one stock: liberal; Rus-

aie Een ;' market, ste: dem and, Sans ge [email protected]; Washington . Russet Burbanks, U. S. No. 2. $2.45; Colorado Red Ly [email protected]; Wisconsin Found hes, 35 New stock: Supplies Rura at : ‘demand, slow; market, steady; |e T than - carlots: Floris. ees Triumphs, [email protected] Be 50-1b. sacks,

Ss 2. Arrivals, 66; on track, 279; eHifments

» x 3 5

easy; receipts, 19

Abreast of The Times on Finance

PAGE 18

THURSDAY, JANUARY 21,

1937

were reported.

Dividend Changes Drop Favorable dividend changes last week totaled 80, compared with 11} in the preceding week, according to the Standard Statistics Co.

No unfavorable changes

All Government =

re-

NEW EQUIPMENT EXPANSION FOR UTILITIES SEEN

Full Capacity Operation of Builders Forecast by ~ Brookmire’s.

Times Special NEW YORK, Jan. 2l1.—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 shut down, may well be operating day 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 prosperous year 1929.” 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

All officers of the R of the Railroadmen’s Federal Savings and Loan Association 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 & Gales) A.M, 4

Prev. close. Asbestos Manufacturm NE ovis Bastian Bless 1935 13%

erghoff Soren iinois Publ Service.. 5 Cities Servi 47% Co on ait Edison 133% Cord 5 Crane Co Dayton Rubber Cunningham Drug Electrical PP tieead General Household .. Godchaux Sugar ‘B’ ... es Great Lakes Dredge .......... 26 Jarvis Co

“ee Libby MeN ® nd Libby: .... ve Lincoln Printing 1 Lion Oil iY Packing’ Marshall Field Mid-West Corp pfd Noblitt Sparks Northwest Bank Swift International Schwitzer-Cummins Sundstrand

19%

New York Curb

(By Atkins, Hamill & Gates) 10

ul Aluminum Co of America.. American Airline American Cynamid “B”

ra Arkansas Natural Gas Barium a Carrier Shiczgo Fiekivie Shan Columbia Oil ‘

“AD, re

Humble oil on Refining Co.... Hlgrade ie Dade ood Vitamin Lion Oil

oach VEs reve we Woodley Petroleum ......

Produce M re Markets

(The prices quoted are pala f gathered in the country, while Pied done eries in ach full ca Ine, prices are 1 cent case of eggs Elen Nach I 28s must weigh ee s—No. 1 teil fresh, loss off, 17c

vy breed hens, 5 lbs. and over, 1l4c: Lem orn breed hens. heavy, 9c. Heavy broed springers. 1% lbs. over, soft meated, 3c. ghorn breed springers. 8c. e breed stags, 9c: Leghorn breed stags, 6c: heayy Seed cocks, oe. Pucks, full-feath-Ibs. and 7c. Geese, full-feat or and fat 2h Thos. young toms. 12c: young hens. 10 is, and over, 14c; old toms, 8c: old hens No. 8c. Butter—Creamery, No. Nene No. 2,

33@34c. Butterfat—No. 1, 33c; No. 2, 3lc.

ACTIVE MARKETS

All Issues Founded in 1924

Local Securities

T. P. BURKE

INCORPORATED INDIANAPOLIS ~ South Bend

Merchants Bank Bldg. Fort Wayne

8 COMPANY

Riley 8535

ASSOCIATION GAINS, 5

New York Stocks

f Amusements— Loews Inc . Paramount -..... Radio Corp KO 20th Cent Fox... Warner Bros ... Aviation— Aviation Corp... Boeing Aircft Curtiss Wright . Curtiss. Wr “A”.

Init Aircft (new) 31 Trans Cont & W Building— Am Radiator wer

Barber Holland Furnace sy

Star : jE Manville .146 Libby Owens Gls 78% Otis Elev 41% U S-Gypsum ... Warren Bros ...

Chemicals—

Ah Reduciion . os e em Am Com Alcohol 28% Col Carbon ....120 fon, Solvents . Du nt 17 Fr Le Tex os Math Alkali .. 40 Monsanto Chem. 108

26% 9

11%

U S Ind Am Home Prod.. Drugs— Lambert .

Equipments— Am Brake Shoe. Am Car & Fdy. Am Loco Am Steel Fdy... Bald Loco

Gen Elec Gen R RS Pullman eg ‘West Air Br Westingh Elec . ‘13958 Financial— Adams Exp ..... 18% allagheny corp. . 4 m Int Corp ... 15% Comm Credit viv BO Chesa Corp -... Com Invest Tr. Transamerica . Foods— Am Sugar ...... Armour Armour 6% pid. Beatrice Cream.

Hecker Prod .... Holly Sugar .... Natl Digeun cava

United Fruit ... Wrigley 5 Household— Col Pal Peet ... Congoleum Mohawk Carpet. & Gam Ie. Servel Inc .. Simmons Bed . Mining— Alaska Jun Am Metals Am Smal Anaconda Cal S Hecla

Cerro De Pasco.

. hse el 63% Isl Nr Coal.. 227 Kennecott Cop . 61% McIntyre Mine . 41 Park Utah 473 Phelps Dodge ... 557% St Joe Lead ... 46% U S Smelters ... / Vanadium

Miscellaneous—=

Allis Chalmers.. 80% Amer Can 113% Am Mach & Fdy Th

J Contl oR Caterpillar Tract HH Crown Cork.. 9 Curtis ap

123 Poster Sheeler. . 534% Gillette 183 Glidden 3 Inter Harv 912 Natl Sesh Reg. . . 35% Rem Rand

i d E Worth’ton Pump 43%

Motors—

0 Studebaker .. White Mtrs .... Yellow Truck ... 29

Motor Access—

3 Elec Air Lite. . Greyhound New. Houdaille Motor Yee] Stew War 19 Timken Det T Axle Timken Roll ... Oils— Amerada

Atl Rfg Barnsdall

Phillips a ; Pumonth Oil .

Quaker State ... Seaboard Oil ... Soc Vac

Texas Corp r Tidewater Assn. . Un Oil of Cal ..

Balls Atchis

Dela Ne Hud Le ay yr Brie Lac & W .

p Gt Norther Ir Sok al’ id 2 e Lou g NewkY =

Retail Ha

Allied Stores

\ 1 AWD A Goods. In

49%,

ower re 1 BN 28

Kresge 8s 1 : roger TOC ... Macy R H ...... 3 McCrory 5 Sees McLellan 8 iL Marshall Fla’. ..

Mont Dent cave &

(By Thomson &-McKinnon) High Low A.M.

35 28% 120 21% 178Y4 30 40 100 28% 45%, 407s 10475 4034 51%

21% 38% 4

7 17% 44%,

70'3 6312 465% 72 97% 8 621% 62% 6912 49% 158

-—_ ©

300 OD 4

puri

20% 2 38% 64 30%s 522 53

15% 62 95 54% 18 69% 50 20Y,

405 70% 28a 63% 227 60% 41

47 551; 468 8912 V2

—

bt et = OV) 4 OO NDEI DDI += =F Bp

4 1 3 1 2 28% 27% 447 80 56

4 107

17 307 1834 25% 2

18%, 44% 16% 45%,

89% 52 20%, 25%

5 46% 25Y4 15% 66% 14% 5% 4

Fidelity Trust Go, 148 E. Market St. Invites Applications For Its New PERSONAL LOAN DEPARTMENT

Loans. ....$50 to $500 A With Collateral or Indorsements ' Member Federal De

sit

: 10:00 High Low A.M. Penney J C ..102 102 Safeway St ..... 4212 42} Sears ebuck .. 8614 Woolworth 642 Rubbers—

Firestone Goodrich Goodyear

U S Rubber Us Rubber pid.. Steels— Am Roll Mills . eth Steel

sess

- 3814 13

Keystone Steel . Lualum Steel ... Natl Steel 7 Otis Steel Ya Rep Iron & Steel 32% Sharon Steel . 32% U Pi & Fdy

% ..147

Fdy 41 Youngstn S & 9% Textiles— > Agams Mills Amer Woolen ... Celanese Corp .. Collins Aikman. . Gotham Hose .. Indus Rayon ... Tobaccos—

Am Tohsteo =.

‘ 20 14Ys 30%a 59% 13% 38%

5% . 51

Philip. Ty, ouils : Reynolds Tob ‘B 879%

Vellitlesm Am & For P

Std Gas 27% Stone pA Webster 30% United Corp.... Un Gas Imp.... 16's Ut Pwr & Lt (A) aig Western Union.. 82% |

Other Livestock

/ (By United Press) CHICAGO, Jan. 21.—Hogs—Receipts, 13,000, including 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, 17 0s 1bs., $10; 25@10:40 est sows, early,

2 ilo~Teceipts. 5000; calves, 1200; fed steers and yearlings again fairly active; steady to strong; order-buyers and shippers in market. Taking strictly good, choice and prime steers at firm prices; up to $14.50: a new high, paid for Nebraska fed: long Aerous fou Sa highest Dries, $14.40; Humorous 5; 1557-1b. averages, $13.50; dull; cutter grades steady; gil Sirens. to higher; best desirable kinds considere od Loctieal top weighty = sausage bulls, vealers steady at $11.50 down; otha ‘and feeders continue scarce; country demand narrow; trade 25c or more lower for wee Sheep—Receipts, 15,000, including 500 directs; fat lambs opening slow; indications steady to unevenly lower; Tolding best fed offerings upward to $10 better, with interests takin unevenly lower, or downward from $10.50; available supply comprising mostly fed Western lambs and Western ewes; undertone weak to lower on latter class. (By Times Special) LOUISVILLE, ,K Jan. 21, — Cattle—Estimated receipts, 550 head; receipts largely rail shipments; high water holding truck afrivals to a mnimum; fat cattle market as it appears everything will have to fo Killed locally; few short-ied light steers to sell from $7.50@9 and few cars plain Southern butcner heifers from $6.50@ 7.25; cows and bulls, scarce; Several cars Western stqQckers in run; trade slow. Calves— Estimated receipts, Yrs. gr Hh 175 stock calves, availanle supply vealers, ve small; market opening steady or $10@ for better end; cheice quotable to S150: Hogs—Estimated receipts, 250; hog mar= ket opening 15@20c higher than Wednesday; few sorted arouna 200-220 Ib. butch-

10. 85; cows mostly $8.75@9. Sheep—Estimated receipts, 50; no fat lambs or sheep unloaded; early quotations considered nominal with good and choice Swes and wethers figured around [email protected]. Receipts, Wednesday—Cattle, 340; calves 75; hogs, 247; sasel: 118. Shipments Wednesday—Catt Te, calves, none; hogs, 1 145; sheep, none.

Other Financial News On Page 20

ers, $10.60; bulk ,170 Ibs. and up, $10.35@ |

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 Union Stockyards and at the opening weights of 160 pounds up gained

20 cents with the underweights 25 |378

cents higher. Toward the close prices declined somewhat and 10 cents was lost 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 ° $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 and 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 Pu

ogs—Market, Hog [email protected]; 250-27 1bs.

170200 da. [email protected]; 150 1bs., $9.75 @10.20; 130-150 1bs., [email protected]: “100-130 1bs., $8.50@9; roughs, $9.25 down. Calves, 11 down. Lambs, $10 down. YNE, Jan. 21.— 5 $10.50;

LAFAYETTE, Jan. 21.— 3e @25¢ higher; 200.525

FT. WA Hogs—Market, 5c higher; : 225-250 lbs., $10.40; 250-275 308 4 $10.25; 160-180 1lbs., 2 300- 320 1bs:, i 130-140 1bs.,

$10.10; $9.85; 140-150 1lbs., $9.60: $9.25; 120-130 lbs., $8.95: 100-120 lbs., $8.70; roughs, $9: Stags, $7.50. Calves, $12. Ras $10.2

brought : 1

‘Heifers—

New» York Bonds

(Reprinted From Late Iimes Yesterday) DAILY BOND INDEX (1926 Average ¥ haals 100) 20 1a 20 60 R ils Utils. Bonds

Today Yesterday Week - Ago

ttt iti soaps bomb 0ON

(Copyright, 1937, by st dara Statistics)

(By U.S.

iS. Mosel. ; & Co.) GOVERNME iT BONDS Treasury

ls 1947.52

101.16

102.29 102.29

1933 104.30

Federal Farm Mor! | age Corp. 6.4

106.1 105.13 105.15

Local Livestock

Jan. u Receipts 15. $10. 33210 70 3000

21, [email protected]

Light Lights— (140-160) Looe and chi um

M oss ois iel 10.20 Lightweights— 160. 180) Good and ch Be.. 10. 3.081068 .65

edium (180-200) Sood = and echt we. . 18 35@10. 70

Lee [email protected] Medium Weights (200-220) Good and che. 10. j0o1 70 (220-250) Good and che . [email protected] Heavyweights— (250-290) Good and chai te.. 10. (290-350) Good and chet: pe. .

ce. 3 9. Jeans

CS) ts D0) OO o 8 833% 3&

— ©o wooo

3 0398 ©

[20 oo

(550-900) G

SOB)

a —-

C (900-1100) G

Got botimibe ao 2 DODD:

C (1100-1300) G

DI IO tn m1 bon en SuduSonoUmUIo

M (1300-1500) Gi

(500-750) 3

- —

oo | (750-900) ‘Good and cho mmon, med,

OO0O0O no

PIONERO OJON TO UID} 32393 zzaw - DD IVD

Common and ied os Low cutter and cutter Bulls, good Cutter, com.

Fiidudahat dd OUI -T cooo!m

Vealers —Receipts, 401 — Good and choice i.»

(250-500) Good and chol'#..$ S00 mmon, mediin. 4.50

OD > =

® a S303 Od 833d ° Ss

. 9S cen

Good and choice Common and medium

SHEEP AND L! MBS —Receipts, 3001 —

win daoba

oO oumo D1 NUN

own t=

mon enon

Lambs—

iA no ODOD oT aou

28 8

Common ...

£0 039d

wes— | (90-175) Good and choi; i. Common, medi:

o = © ° ® 2.

om (Sheep and lamb quotat! ins asis.) i

DOMESTIC Today's Bond Leaders—

Close. Balt & Ohio 42s '60 ......... 78% Mo Kan & Tex 6s '67 ......... 12% Republic Steel 4% 150 weaisie i Utilities P & L 5s 64 Youngstn Sheet & » 3%s 51.1287

Close Alleg Corp 58 44 ............100% Alleg Corp 5s '49 ......... vee 95V Am Frgn Pow 5s 2030 ...... 8% Am Tel & Tel 5%s ’43 Arm & CO (Del) 4s '55 ..... Atl Coast ikne 42s '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 25s " . Beth Steel 4Ys . Chi Milw & St

Chi Milw & Cleve Un Term

Col Gas 5s May Col Gas 5s ’61 : Can Pac Perp 3s Sevaseedree Cent Pac 5s

g '6 104 Colorado & *so 4155 ’80...... Chi & West Ind 4s '52 Chi & Nor West 43s 4 Container Corp 6 6 Chesa Corp 5s ’ Del &

nterboro Rapid Transit 5s "95 350% nterntl Hy Elec 6s ’44 . - 581 a [nterntl Tel & Tel 3 V2§ '39. nternt]l Tel & Tel we nterntl Tel & Ta a s '52 . Lehigh Valley 4s 2003. “ae McKess & Rob 5

Natl Dairy oe Natl Steel 4s '6

Nickel Plate HL | rR N ¥ Cent 5s 2013 veers103 N Y Cent 4Yas 3018, Joid). N Y¥Y Cent Conv 6 Nor Amer Co 5s 7

0 ptt}

SA ue

ae nN

Nor States Pow 5s ’41 New Orleans , Term 4s '55

Ph bd oh fd od fd fd fd Bd fd fd pd fd -_—

— Oe BRNOONOWH = Ui al SINS

- BNE

Sou Rail 4s '56..... Sou Rail 6s '56 .... Sou Rail 6'2s ’56..

Western Mary 5's 77. Western Union 5s ’60. Youngstown S & T 4s’ "61. Youngstown S & T 32s '51..

FOREIGN

228%

Argentina A 6s Australia 4'2s ’56. Brazil 8s ‘41 Canadian Govt 45 60. . Denmark 4'2s ’55... German 512s >

Joke Sy 6s BL

Money and E echange

INDIANAPOLIS STATEMENT

Cisatings $2.901.000 Debits 7,336,000

TREASURY STATEMENT (By United Pw

WASHINGTON, an, 1.—Government expenses and receipts for fn current fiscal year ending Jan. 18, Sean with a year ago.

This Yea ast Yi ‘Expenses..$ 3,988,305, 2941. 47 $4, Tes! 300, 240. 08 Receipts... 2,343,075,198.12 2 046.577. 400.76

. 11,312.47

Customs. . 241,358,562.18 210,519, 176. 31

Pac Lighting Ar

IDLE WORKER IS MAIN PROBLEM CARRIED T0 37

Business Activity Expansion Absorbs Six Million in Three Years.,

Times Special WASHINGTON, Jan. 21.—The absorption of idle workers by private industry still is the paramount » | problem carried into 1937, the De- , | partment 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 Earnings Up

As in 1935, the rise in employ= ment during the past year was accompanied by an increase in average weekly earnings which caused a sharper gain in payrolls than in employment, the report said. Average hourly earnings were slightly higher in 13936 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 cen throughout the first 11 months, the Department said payrolls were 15 per cent higher for this period than for the same time in 1935.

New Bond Issues

(By W. L. Lyons & Co.) di Bi Allied Stores 41s Y3lee.rnnsnsr100 Ark La Gas 4s ’51..... 2 Arpenting er 4l2s 71. ur 4s ’ pe Tel 4s ’65 .... & O 4'zs °39.. Cal Oro Pwr 4s 66

Fla Power 4s '66. Fla Power 5s 66 .... . . Great Nor 3%s '57 c 971 Houston Lt & Power ‘315s 766..1051 Indpls Wtaer 3'2s 66 0 Iowa Sou Util 5 Kansas P & Koppers Co

Louisville G Mengel C V % s te Metro Ed 49 Pearse Minn Gas & Tots “45°50 Mont Power 33s ’66.... Narra Misc 32s 66

a '4 Okla Gas & E Tne 3348 Pac Gas & El Daas 66.

'45.. Pac Tel 3!29 1 Peo Gas Lite Soke 4s Penn Tel 43 '65 Railway & Lite ef 475s 55... Sou Cal G & E 4 . Sou Kraft 4%s 48 | Sou Nat Gas 4l2s Wisc G & E 3%

* 995g

08 101%

101 105%

'6 Wisc Pub Serv i ’61 105%

— a

Dated January 21, 1957.

This appears as a matter of record only and is u Bonds for sale, or*as an offer to buy, or as a

et no circumstances to be construed as an offering of these icitatic hb of an offer to buy, any of such Bonds. The

id is made only by means of the Prospectus. Ths is published. on behalf of only those of / the undersigned who are registered dea crs in securities in this State.

Dated January 15, 1987

$85,000,100 Government of the Dominion of Canada BONDS $30,000,000 Seven Ye/\r 24% Bonds

Due January 15, 19}}

$55,000, 000 Thirty Y iar 3% Bonds

Dated January 15, 1987

PRICES

Due January 15, 1967

Seven Year 2Y,% Bonds 99Y>% and Accrued Interest - Thirty Year 3% Bonds 98% ¢ nd Accrued Interest

Copies of the Prospectus are obtainable from only suck of the undersigned as are registered dealers in seciirities in this State,

MORGAN STANLY & CO. Incorporated

WO00D, GUNDY & CO., INC.

McLEOD, YOUNG, WEIR & CO. Limited

‘THE FIRST BOSTON CORPORATION BROWN HARRIM iv & CO.

DOMINION SECURITIES CORPORATION

A. E AMES & CO.

ROYAL SECURITIES CORPORATION

EDWARD B. SMITH & CO.

i= Haute

Insurance orate on ; %