Indianapolis Times, Indianapolis, Marion County, 30 January 1937 — Page 11

Trends

Fundamental Issue Hinge of Strike, Flynn Says.

BY JOHN T. FLYNN

ASHINGTON, Jan. 30.—As a strike progresses new incidents create new issues and the main issue is soon obscured. Between the auto workers and General Motors there is now just one big issue. The C. I. O. wants to form the workers into a single effective union. General Motors

want to prevent that. p The strategy

of General Motors is to com=pel union agents to negotiate wtih plant superintendents. There are 69 plants in 35 cities. This splits the workers into 69 groups at once. Then in each plant they are to be further split by fostering a number of different and hostile unions. If this is successful you will have General Motors employers in a single powerful organization and the workers in innumerable scattered and even unfriendly organizations. That is the issue. Now your position on all that turns up from day to day will be shaped by the position you take on this fundamental issue. = ” »n F you believe the security of the workers depends on a single industrial union speaking for all the workers in General Motors, then the question arises— how will the workers achieve that? One way is to hold meetings, circulate petitions, solicit members. But the company keeps up a constant warfare against this. It fosters company unions. Penalizes union organizers. Fills its plant with spies. Workers are timid. They have families. Many are aging. Their jobs are all-im-portant. Great numbers sympathize with the union, but will not join. Not until the union is established and recognized. Then they will flock in. But the battle has got to be fought and won in the first place by a meager majority or even a brave minority. Every successful labor union in the world has had to travel this road. How can the union, therefore, having less than all the workers, ht? Tee Then what? Walk out? When they do the employer brings in strike breakers. Armed guards and sheriffs use tear gas, rifles on pickets. The plant goes on. The strikers are just men out of ‘obs. The strike staggers on 2a while, collapses and the union

is dead.

Mr. Flynn

5 un

UT of this fact has grown the O sitdown strike. The men strike but remain in the plant. The purpose is not to seize the property but to keep the plant, as well as workers, idle while the strike issue

is negotiated. Force, you say The strikers say

it is silent force against silent force—the force of the employers with press, money, police, sheriffs, armed guards, money, the inertia of the pubile, the courts and the law organized on their side. To make up your mind, you have to begin at the beginning and decide whether vou are on the side of the workers to come together in a single unit as the employers are or on the side of the employer in his effort to prevent this. You have to remember that all the great victories for liberty, security and many even for property rights have been won by courageous minorities. One condition of this, however, is that you must win. If you do, you are statesman, a hero. If you lose you are a lawbreaker and a public enemy. Among the great lawbreakers of Washington, Lafayette in France, history were Cromwell, George Samuel Gompers, John Brown, Lamartine, Madero, Garibaldi. Washington is full of statues of great lawbreakers who broke the law but got away with it. (Copyright, 1937, NEA Service, Inc.)

Fruits and Vegetables

(Quotations below subject to change, are average wholesale prices being offered to buyers by local commission dealers.) ruits—Pears, Oregon California Avocados, $ $2 Oregon D’Anjou, extra fancy, 110s, Bananas, selected, 1b.. 4%ec. Appies—No, R Indiana Delicious, 21% inches IA No. 1 Indiana Golden Delicious. 2! hy up, $2; No Staymans, 2Ya inches up, $2; No. 1 Jonathans, 2 ches up, $2.10; No. 1 Uew York Wealthy, EA inches u + 37 5 No. 1 _Winesaps, 2% inches up, $ New York Tmperials, 2% inches up. 4s Lemons, Sunkist. 360s, $7.50, Limes, Mexican, carton 12s, 25c. Gra es—California Emperors, 32-1b. chest, $3.75. Tangerines. 15-box crate, 120s, $1.15. Grapefruit, Texas seedless, 40S to 80s, Oranges, California Sunkist, navels, [email protected], Kumoats, Floridas, at .. 15¢. Pineapples, 17%es288s, crate, $3.7 Strawberries. Florida.

pt., 16¢c Vegeables—Artichokes, doz., $1.25. Beans, Florida stringless, Ramper. "$2.25, Beets, Us new . Texas, 3 .doz. Broccoli, California, case. Brussel Sorouts, per Ca phage. New York, 50-1b. 85¢c; new Texas, crate, $1.90. Carrots, oa ifornia, bulk, bu, $1.25. Cauliflower, 11s, crate, $2.75. Celery, Mammoth, 85c. Celery Cabbage, Michigan, doz. Cucubbers, hothouse, doz, $1.50. doz. pots, 90c. Kale, Virginia, Lettuce, Iceberg, California best. 80s, $5: jeaf, hothouse, 15-1b, basket, $1.50. Endive. California, doz., $1.15. Peppers, Mangoes, crate, $3; doz. 40c, Mint. doz. 60c, Mushrooms, . homegrown, 1b. 30c. Mustard, Texas, bu.. $1.50. Onions, Indiana vellow. 50-1b. bag, 75c; Western Spanish, $1.35: Northern white, $1,25. Oyster Plant, doz., 45c. Parsley, homegrown, doz., 40c; South ern, large bunch, 50c, yrown, ‘2 b 0c. ountains, 100-1b. sets, $3.85: Michigan rado McClures, $2.75. dian, 50-1b. bag. 90c. diana Jersey ‘'‘Possums,"” ; jana Puerto Ricans, bu. Radishes, buttons, hothouse, doz. white, 45c. Rhubarh, Ehogouse, No. 1, 5-1b, carton, 55¢. Sage, 45c, Spinach, Texas, bu., $1. Shatiots. 0%. 35c. Squash, Hubbard, bu., 81. Turnips, bu., $1. Tomatoes. repacked. 10-1b. box, $1.25.

(By United Press) CHICAGO. Jan. 30.—Apples—Michigan McIntosh, [email protected]. Sweet potatoes — Louisiana Porto Ricans. $202.15. i bushel, 60@ 75¢. 1, Sm gc. $2.5

carrots Spinach— Cauliflower—Cali{i 75@2. Peas—Mexican 4.75, Celery—Michigan, T5c@$1, Onions (50-1b. Tllinois and Indiana vellows, 35@ Michigan vellows. 554 60c.

TRANSIT INDUSTRY GAINS IN REVENUES

Timer Special NEW YORK, Jan, for the transit industry week ending Jan. 16, based on telegraphic reports, showed continuing improvement over last year. Transit Journal's revenue indicator stands at 10208 which represents & gain of 208 per cent over the corresponding weeking m 1858.

BEER

0613.

33¢:

30.—Revenues

for the | | Assets of the Phoenix Mutual Life | Ind

¢ ®

Abreast of The Times on Finance

¢ *

SATURDAY, JANUARY 30, 1937

PAGE 11

Trade Balance Low

The United States had a favorable trade balance in 1936 of $34,258,000, lowest since 1893, the Commerce Department reported today. ance was $201,131,000 under 1935.

The favorable trade bal-

CHICAGO WHEAT FUTURES SHOW | LITTLE ADVANGE

Move Forward in A Eatly Part. Of Session but Recede Toward Close.

—_—

Liverpool Market Up

Prices at Liverpool closed 3: to 7% ' pence higher, reflecting an improved flour demand. Not a great deal of | | activity was shown, however, by na- | tions that recently were importing | fairly large quantities. | Shipping demand for cash wheat here offered little encouragement to | bulls. Sales for shipment were re- | ported at 10,000 bushels and re- | ceints were estimated at 7 cars. | Coarse grain followed wheat up- | ward in the early part of the trade [but became unsettled by the late |B | isgetion in the leading grain. Corn | prices held around previous closing in dull trading while oats net gains. Rve was and soybeans were

| levels | showed fair | about steady | firm.

CHICAGO GRAIN RANGE (By United Press)

High Close .. $1.28 4 a $1.273% 1.11% ’ 1.11'% 1.08% 1.08%

’- | Comm Invest “+ Lehman Corp Transamerica

Low

1.067% 1.043% 1.01% 987%

| "08 2b 086 |

493% 403% 41%

48% 49% |

1.101% 1.001% 8955 .89%% | Barley— | May— : | Soy Beans— | May | July Lard— Jan Mar May “New.

12.97 1 .. 12.87 1 3.32 13.10 **Old. nNominal.

00 136.000 108. 000

| INDIANAPOLIS CASH GRAIN | (By United Press) Wheat—Market, firm: receipts, carloads; No. 1 red, $1.28; No, 2 red, ; | No, hard, $1.29; No. 2 hard, $1.28. Corn —Market, steady: gecalpts, 22 carloads: No. 3 white, $1.04 1.06; ‘hite, 110} No. 5 white, | ellow, $1. ean 03l ; ast 01%: No, 5 Mixed. 9915c@ $1. 010% @9912 No. mixed, Market, firm: receipts, gre 2 white, 49'2@50%%¢c; No. 3

three | $

ALP white, 48% @

CHICAGO CASH GRAIN (By United Press) CHICAGO, Jan. 30.—Wheat—No. 2 $1.33. Corn—No. 2 yellow, $1.12; No. 3 iow $1.10; No. 4 vellow., $1.04'[email protected]%} > Sellow. $1. 027 1.04; No. 4 Whit ite, 1 09s 1.10; No. 5 white. $1.02%%@1.07% sample, 9899 1%cC, Oats—No. 1 white, 53c: No. 2 white, SL % @52%2c; No. 3 white, 51c. Rye—No. 1, $1.24'5. Barley—Feed, 80c@$1: BA $l@l. 45, Timothy seed—Old crop, [email protected] 5.75@86, Cloverseed— 2 yellow, $1.5934; 2. Cash provisions ; loose, $12.07 nomi11.75 nominal; bellies, 05 75

red, yel:

| nominal. TOL In ele3 red, low, 57@ Track a red, @1.3215, vel-

EDO, Jan. 30.—Grain close. tors Augnsit “billing) Wheat-—No. No 2

36! Ll 871%, 12'[email protected]% Oats—No, 2 White 2, $1.22'a@1 230%

Rye—No. rices (24lbc rate): Wheat—No. No. 2 red, $1.31

L321: 41.38%, . 2 yellow, $1.08%@ 1. 09. No. 4

1 { | va | 81. | 81. | 58¢.

n—No. low: [email protected]'%; Oats—No. 1_white, 53@55'-¢c. Produce: | prints, 36%2c. Eggs—Extras, 21@21ike,

LOCAL CASH MARKET

City grain elevators are paying $1.25 for No. 1 red wheat. Other | grades on their merits. Cash corn now No. 3 yellow, 99¢. Oats, 44c.| Hay—No. 1 timothy, $1350@14; No. | 1 clover, [email protected]; No. 1 alfalfa, | | first cutting, [email protected]: second cut- | ting, $17.50218.50. |

Proditce Markets

(The prices quoted are pald for stock gathered in the country. while for deliveries in Indianapolis the orices are 1 cent higher. Each full case of eggs must weigh 55_ pounds RT6 uss—No. 1 loss off, 17c

Heavy breed hens, 5 1bs. and over, l4c; Leghorn breed hens, heavy. 9c. Heavy breed springers, 15 Ibs, over. soft meated, 13c. ghorn breed springers., 8c, Heavy breed stags, 9c: depnorn breed stags. 6c: heavy prec cogks aD uSkS. full-feath-ered. and fab, 8 Ibs, 7c. Geese, full feathered ad fat 3pa 2c; young hens, 10 lbs. and over. 1%: Sold toms, 8c: old hens, 9c: No. e. Butter—Creamery. No 1, 36@37c: No, @ 33@34c. Butterfat—No. 1. 33c: No. 2.

(Bv Anite Ih CHICAGO, 0, —

73 receipts, 10. 145 cases fen 21LC, eXtra first

Ss.) Sstrictly fresh,

raded irties,

1834c; current receipts, Nuc Butter—Market, steady; receipts. ; extra firsts (90-9114 score). (92 score), 32c; specials, S014 330 : standards. 2 , Steady: eipts, 3 trucks; geese. l4c: ducks, 10% 11550: spring chickens, 18/@20c; broilers, 21@322c: hens. 13@17%c: . Leghorn hens, 9@i%: old roosters, 12615: turkeys, 13@18c. heese—Twins, 17@17Ysc: Daisies, 17% 1734¢c; Longhorns, 1714 G17 Potatoes—Old Xo CA liberal; demand slow; market slightly better for Western stock: steady for other stock: Idaho Russet Bunanke, do 0563.30; Colorado Red McClures, @3.35; ashington Russet Burbanks, S35 2, ety ig Bliss 50-1b, sacks, yIsconsin hites, $2.3072 . [email protected]. New J. supplies moderate; Western stock: steady on Florida stock: track sales less than catlots: Texas, 50-1b. sacks, Bliss Triumphs, $1.80; street sales: Florida, bushel crates, Bliss Triumphs, 15: U. S..No. 2, $1.9%, 54; on track. 270: shipments.

AR als,

MUTUAL COMPANY'S ASSETS GAIN IN '36

Times Special HARTFORD, Conn. Jan. 30.— | msurance Co. increased $14,489,000 during 1936 to a total of nearly | m $210,000,000, according to a company announcement. New life insurance paid for Ab to $33,760,000, an increase

A cent over the Fi

| Aviation Corp. .

| Lone Sta

| Am Steel Fdy ald

| Allegheny Corp . { Comm Credit ..

| Crm of Wheat. . Cuban Am Sugar 1

‘Tiirkeys, young |

ggs—Market,

New York Stock Exchange Prices

i sections approximated 1,190,shares compared with 1,120,000 on last Saturday. Curb 18 approximated 381,000 shares compared with 527,000 shares last Sat- | urday. Dow-Jones preliminary closing averages showed: Industrials 185.76, up 1.02; railroads 55, up .23; utilities 35.83, up .12.

(By Thomson & McKinnon)

High. Low. Close. Amusements— Crosley_ Radio | Loews Inc Paramount Radio Corp RKO

| 30th Cent Fox... | Warner Bros ...

25 73 277% 11%

Aviation—

| Boeing Aircraft. . | Curtiss Wright. . Curtiss Wri (A) | Douglas Air. . | Nor Amer Av. Sperry Corp. Utd Air Lines... Utd Aircraft new 3 Trs Contl & West

Building— Am Radiator

Barber Co Holland Furnace. 311s

Johns Manville 14572 Libby Owens Gls 77 Otis Elev vs Yd Warren Bros . Hs Chemicals—

SRE

| Air Reduction

Com Solvents Du Pont Freeport Liquid Carb

{ Math Alkali

Monsanto Chem Natl Dis (new).. 28

| Schenley Dist... | Tex Gulf Sulph

Union Carbide . U S Indus Alco . Am Home Prod.. Drugs— Bristol Myers Lambert oe Lehn & Fink. . Walgreen Un Drug Vick Chem

Equipments— Am Brake Shoe 70 Am Car & Fdy. 643% Am Loco 537s 69 0CO... i. 11?

(mew)

RR sig 63% & Co.. 281: 681, West Air Br 525% Westingh Elec . 160 Financial— Adams Exp

—

Am Int Corp ..

Chesa Corp Tr

8-100

@y SHIROV

00ds—

| Am Sugar ...

Cont Bak Corn Prod

Gen Bak

Uo NY NR

~T00 BI 313 rt 63 1 53 3 iB ©3 rot C0 du it 1d 03

United Fruit .. writiey. ....- Household— Col Pal Peet ... Congoleum ..... Mohawk Carpet. 3 Proc & Gamble Servel Inc hs Simmons Bed .. Mining— Alaska Jun Am Metals

Doh hey ORS AS AN RS - Ott rt

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Homestake Min Howe Sound .. Ins Copper int. Nickel .... Kennecott Cop McIntyre Mine’ : Park Utah aa Phelps Dodge ... U S Smelters Vanadium Miscellaneous—

Allis Chalmers . 783% Am Can 109 Am Mach & Fdy 23%

Brklyn Man Tr. 4934 Durroughs Add . 331% I 180

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Case. . Cont? Can 62 Caterpillar Tract 99 Crown Cork ... 923% Curtis Pub 1914 Co...-11% Wheeler. 50 erik . 1934 en 1 Ingersojl Rand Inter Harv 105% Natl Cash Reg 33’ 4 guens 5 Bont tle ..159 e 8 Worth’ to Pump 46% Motors— Auburn Chryles ... Gen Motors .. Graham Mot Hudso Lit Mack Truck tae Nash

prafae

a 5k

Studebaker White Mtrs. .... | Yellow Truck Motor A | Bree

| Bohn Alum . Borg warner

Buds” Mig

Budd Wheel . Eaton Mfg ..... Elec Auto Lite Elec Stor Bat .. greyhound NEW Houdaill

PR WERE EN RNY EEN

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Local Securities

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

BONDS

ind RT atk 4158 65 Bd 4s "61, * Ww.5 2 '55..

0209 CF On bs nt Ba BD Be DD BD UY hd pk S08

Asked, 8

orks 6s ‘49 |... Co 5s ; eo | Tndiana Te! Co 5s '60 STOCKS Belt Railroad & St Yrds com . Belt Railroad & St. Yds nfd | Gent. Ind Pwr p fa 7s | Home Tel & Tel Ft Wayne

Hook iL Inc 4 Elec Co we ua . Co 6s 104

| Ind &

Saiaiiig

. | Sou | Lehigh Vailey

| Aluminum Co of America ....

| National Rubber | Niagara Hudson Power

General Investors Trust

| Mutual

Prev. Close 34%

Low Close 35%

Prev. Close | | Am Roll Mills..

High Low Close

733% 47%, 2234 15% 63%

5% 4 1312 50 187% 15

Bulls Atchiso

Inland Steel .... Keystone _Steel.. Ludium Steel .. McKeesport ! Mid Steel .

Natl Steel . : Otis Steel . 18 | Rep I & Steel. . | Sharon Steel u 5 Tipe & Fdy 6 {| U eel va Va | U $ Steal pfd ..149 warrn Piped: Fay 39% Youngstn S & T 83! Lou & Nash Textiles— MESSE: | Adams Millis M K & T pid. . | 2 MO Pat ...c..... Ee Mo Pac pfd N ¥ Cent...... Y New Haven 8 , & st. 51; & West 260 Nor PRE Penn R R

phe] OR Ba

Cluett Peabody . Collins Aikman. . Gotham Hose ... Indus Rayon ... Kayser Julius Real Silk Tobaccos—

Am Sum Tob ... Am Tobacco ° | Am Tobacco {Lig & Sayers ‘B’ | Lorilla | Philip Morris va 112 s | Reynolds Tob ‘B’ 56! 2 ; Utilities— | Am & For Pwr 12% | Am Pwr & Lit.. 14's | 1 .183%2 26's 1773

3% 46

BILD 4 HOO UI mt 4 DD HADI WWD

Union Pac Wabash West Maryland . Retail Stores— Allied Stores ... Assd Dry Goods

First Natl Stores Gimbel .

Kresge S S. Kroger Groce

3 Comm & Sou , | Consol Gas { Elec Pwr & Lit Interboro R { Int ¢ T Lou G Nat Pwr North Amer Pac G & E | Peoples Gas Pub Serv So

Marshall Field. ‘ ont ard . Natl Tea . Penney J C... Safeway St Sears Roebuck. . Woolworth ... Rubbers— Firestone 345; Goodrich cern DEG Goodyear = . 347% U Ss 553% US Rubber “pra 97 Steels— Acme Steel

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4 843% 6212

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Ga Stone & Webster 3 "| Duitea Corp... - Un Gas Imp Ut Pwr & Lt ‘A’ Western Union

Your Federal Income Tax

(Sixth of a Series) NORMAL TAX AND SURTAX RATES

HE Revenue Act of 1936 provides for only one normal tax rate, that is, 4 per cent on the amount of the net income in excess of the allowable credits such as

the personal exemption, credit for dependents, ete, The act provides for an additional credit for the purpose of the normal tax of an earned income credit, that is, 10 per cent of the amount of the earned net income but not in excess of 10 per cent of the amount of the net income. The personal exemption and credit for dependents are also allowable as credits against the net income for the purpose of the surtax, the resulting net income being designated ‘‘surtax net income.” The surtax is imposed on surtax net incomes in excess of $4,000. The rates increase in accordance with the amount of surtax net income included in varying so-called surtax brackets, On a surtax net .ncome of $4,000 or less there is no surtax. On a surtax net income in excess of $4000 and not in excess of $6000, the rate is 4 per cent of such excess. The tax upon a surtax net income of $6000 is $80 and upon a surtax net income in excess of $6000 and not in excess of $8000 the rate is 5 er cent of such of $6,000 but not over $8,000, excess in addition to the $80, or 5 pF: ont on Th5W » a surtax of $180 upon a surtax | ordi ar Ber cont on sho 30h

5 2 2

HE surtax on a surtax net income of $5,000,000 is $3,591,000, and upon a surtax net income in excess of $5,000,000, 75 per cent, the maximum rate, is applicable to such excess, in addition to the $3,591,000.

Many taxpayers make the error of applying the maximum rate instead of the rate provided for in the bracket in which their surtax net income is included. Following is an example of how to compute the tax on a net income of $8500, all of which represents earned net income, the taxpayer being single and without dependents:

Net income

. .. $8 500 Less personal exemption

Balance (surtax net conn:

7.300 Earned income credit 850

wet gone Subject to normal $6,650

Surtax at 4 per cent on amount of surtax net income in excess of $4,000 but not over $6,000, 4 per cent on $2,000 Aan Surtax at 5 per cent on amount of surtax net income in excess

Tors), gal tax and sur-

421 TRIPAYERS are advised to read carefully the instructions on form 1040 relating to the earnedincome credit and surtax, as well as all other instructions thereon, before preparing their returns.

24% | sounders, $9.80.

; * 189.50; 130 to 140 pounds, $9.25; 120

‘SAVINGS AND LOAN GROUP RE-ELECT

All officers of the Fletcher Avenue Saving & Loan Association have been re-elected for another term, it

Chicago Stocks

(By Atkins, Hamill & Gates)

Prev. Close. close. . 91,

19%

Advance Alum .. Allied Products Asbestos Manufacturing Bastin Blessing

Bruce E L .s Central Illinois bul Service .. Chicago Yellow

CT era Yoke, president.

Mr. Yoke added that the association paid 4 per cent annual dividends

Dre Drug Electrical Household General Household Godchaux Sugar Great Lakes Dredge Jarvis Co. Ken-Ra a3

In addition to this the association

said.

~ LOOM 0 os

Midwest Corp. pra Noblitt Sparks Northwest Bank .. Standard Dredge pfd Swift eternational Walgr 4g Williams oir- A- Matic Woodall ;

eit

New York Curb

wo wo

46 vears.

New o Bond Issues |

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1004

Atkins, Hamill & Gates) 5

Close,

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American Airline American Cynamid “B" Am Gas and Electrie

American General Arkansas Natural Gas Barium

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Railway Sou Cal G & E 4s ou Kraft 44s ise G & E 32s '66 Wisc Pub Svc 4s '61

Daily Price Index

YORK, Jan. 30—Dun & Sirens daily, weighted price index basic commodities, compiled for the ed Press (1930-1932 average 100). Today, 141.49 terday . 141.79! Year ago Week: 256 14 69] 1936-7 Hien igh Month ago mkts clsd 1936-7 Low (Copyright, 1937, by Dun & Bradstreet)

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Investment Trusis

(By Thomas D. Sheerin & Co.)

v om Bid Asked ministere nd Affiliated Fund, ae Hew Bond 8 Business Shares oad Reka ullock F

LOLS ra WILIDS eet

C—O) Safe Deposit Boxes The Indiana National Bank ot Indianapolis a

—————— I SS BUSINESS EDUCATION

Str Aecountin DE: ot Bookkeeping. an ere arial courses. Ea sessions. Lincoln 8337

NTRAL Aun ness Selle oa adie.

LILI DAD =I =T URI LILI ICI Th pr bt

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Comite Bhar : Vv res. . Income tihares CLs

OF += DD 00

Sore ass

ose 328

was announced today by Charles R. |

to stockholders during the past year. | increased its reserve to $1,026,128, he | According to Mr. Yoke's report the |

association's dividend earnings and payments have been continuous for |

10074

99%

10374 Westerns, | 10.

a | | closing rounds,

is hb SE

PORKER PRICES INCREASE WT LIGHT RECEIPTS.

‘Advance Ranges ranges From 5 to ~ 25 Cents; Underweights Gain Most.

Showing a firmer tone on light | receipts, the hog market advanced | today at the

Indianapolis Union | Stockyards and weights above 160 |

pounds climbed 15 cents and under- | 33 weights were 25 cents higher. Receipts totaled 1200. |

At the close, 160 to 200- -pound | weights sold for $10.20; 200 to io 2: pounders were $10.25; the 225 to 250-pound class brought $10.20 and | 250 to 375 pounders were $10.15. | Packing sows were 5 to 10 cents | 3 higher with the bulk of the sales at | $9 to $9.40, top $9.50. Weights of 275 [ta 300 pounds sold for $10.10; 300 tc 1325 pounds, $10; weights of 325 to | [350 pounds, $9.90, and 350 to 400- |

Vealers Nominal

In the lighter divisions 155 to 160- | pounders brought $10; 150 to 155 | pounds, $9.75; 140 to 150 pounds,

[to 120 pounds, $9; 110 to 120 pounds, | 48.75, and the 100 to 110-pounders were $8.50. Compared to the close of last | week, slaughter steers and yearlings were 25 to 50 cents lower and heifers | were 50 to 75 cents lower with the market closing dull at the declines. Cows and bulls were steady to 25 cents lower, The week's steer | top was $13.75 and the heifer top was $8.75. Vealers were nominally steady today on a run of 25 cattle and 25 calves. The lamb market was nominal | with receipts totaling 25 sheep. | Compared to the close of last week | fat lambs and yearlings were 25 | cents lower and sheep were steady. | The lamb top was $10.50. | ——— Sa $10.2 25131050 Receiboo 9.80(@10.40 10.05410.25

9.90@ 10.10 10.05@ 10.25

ight Li (140- THO) C Good and

| Lightweigh | (160-180) “Good. and

Medium | (180-200) Good and i Mediu

| Medium Weights 200-220) Good and (390- 250) Good | Heavyweights — (250-290) Good | (390- 350) Good | Packing Sows— (275-350) Good {350- 425) Good

3 3 27. 29. 3 L

choice. .

oS ow

“choice. .

choice . .

choice... choice. .

Bo =o 2303 sis

33S or on AY

Elen Pig | 100-140) Good and | Medium . | CATTLE —Receipts, 25— (550-900)

tpt

re BO TIED ue ND JUD IND IOUT ES PO UIT HOD SUGIOUNGIORNNODD

Common Choice Good Medium Common

(900-1100)

ft bt

| (1100-1300)

AO UT DI EI -ITO DC SUID SHUI 333339399333

—— ph

| (1300-1500)

4 a 3

PORVOO owoww Sooo

(500-750) Good

333

medium. Good and choice Common, medium

a 33 —

(750-900)

| Common and medium | Low cutter and cutter... Bulls, good { Cutter, com.

DAR RTD BO =I CATT PLO OD

Vealers

yceips, | Good and choice .s | Medium Cull and medium

| (250-500) Good and choice. .$ 6.50 Common, medium. 5.00 | i {

Feeder and Stocker Cattle (500-800) Soc and choice. .$ 6. mmon, medium | (800-1050) Good and choice . | mmon, medium. | Heifers— | Good and choice iss Common and medium ... . SHEEP AND LAMBS —Receipts, 25—

> PS BBS ®

99 R330 3 Sa DOD D St Fou S

tt pt a POOO ER ROD PROUD

| { | i | | | | {

wes— (90-175) Good and choice. . Common, medium [oh(eD and ans quotations

Other Livestock

(By United Press) CHICAGO, Jan. 30.—Hogs—Receipts, 3000, | Including 2500 directs; market nominally steady; no fresh railroad receipts today. | $5 $0.85, for a few sales; quotable, top,

Cattle--Receipts, 200: calves, 100; market, steady: choice and prime weights | and weighty steers, 50c lower for week; { comparable yearlings. 25¢ lower: good to | near-choice weighty and a ium steers, 50c to $1 down: commo and medium Rages, weak to 25¢ lower; Yop, $14.50, paid | early. for weighty steers: long yearlings, $11.35: light yearlings, $14; heifers, $12: very Jiberal supply weighty ‘bulocks, $12.75 @13.50; stockers and feeders, 25c lower: 50c_ lower; shortfeds predom- . little above $10.25; beef 1 lower. cutter grades, 15@ : bulls, 15@25c off and vealers,

lower, market steady: S050

No_comparable kinds to. shipsm Tal, killers: week's bulk fed $10.256@ 10.75; atives. $10@ 75: choice 1 ies, 86-102 1bs., Thurs- | dav. $9.50: week's top slaughter ewes, $6.10 | bulk, §[email protected], but little above $5.75 on

ne yon LE

30.— =Mur r= "bo. 258" 1bs.,

WAY 10c Neher:

“ 130-140 1ps., $8.95; 1 $8.70: 100-129 Ibs, $8.45, Roughs, stags, $7.25. Calves. $11.50. Lambs

(By ohn a

LAFAY YETI Ind. ket, 10 oe. Hinges? "S00. %50 1bs,. $9.90 @ i) 250 395

70-200 1bs,. 89. 85 FAY EE Zi is, Lo Sas 0"

130-150 1bs., wh. Lamon 75. Rojighe_ 8 $9 down. Heim, bs. town mbs,

OPEN A CHRISTMAS SAVINGS ACCOUNT WITH

THE INDIANA TRUST

MEMBER OF THE FEDERAL DEPOSIT INSURANCE CORPORATION

CAPITAL

§2,000,000.00

$8. 3: | $10.

—Hogs—Mar-

SURPLUS

THE OLDEST TRUST COMPANY IN INDIANA

| Atl Coast Line 4s

Subscribed and this 20th day of Jan commission expires

N.Y. Bonds

DAILY BOND INDEX (1526 Average Equals 100)

0 44 997 1053 100 (Copyright, 1937, by Standard Statistics) (By F. 8S. Moseley & Co.) S. GOVERNMENT BONDS

Treasurys

vu.

jou s fi 788 33s 3Vas 3Vss

| 3s

3s 48

| Bars | 2 | 1

274 3158

2V4s

234s

4 3s 104.28

108.3 105.3

DOMESTIC

Today's Bond Leaders— Cuba RR 7'2s '36 gt Northern is 34S +. Rep 8 158 ‘33

Alleg Corp 5s ’'44 Alleg Corp 5s '4f Am Frgn Pow i] 2030 Am Tei & Tel 5'2s ‘43 Arm & Co (Del) 3, 'S Atl Coast Line 4'428 Atch Top & , Balt & Ohio 5s 2000 Balt & Ohio 5s '95 . Balt & Ohio 44s '60 Buff Roch & Pitt 4Y58 '57.... 92 Beth Steel 4's 60 . os Chi Milw & as P 5s '75.. Chi Milw & St P 5s 2000.. Cleve Un Term 4'2s '77 Col Gas 5s May ’'52 Col Gas 5s '61.. Can Pac Per Cent Pac 5s Big Four 44s ’ Big Four 5s '63 Colorado & So 4%s '80 Ch West Ind 4s

C Container ht Con Gas 4'is

Grt Northern “H 45 '48 Grt Northern 415s ‘77 .

Hud & Manhat Pi 8s !

“JOO ODI®

IV =

Interboro Rapid Trans 55 "66. . Interntl Hy 6s '44 Interntl Tel & Tel 414s '39 .... 2 Interntl Tel & Tel 5s ’55 .. 79 Interntl Tel & Tel 45s '52. Lehigh Valley \3

D-J=TJO DVO 09 =

15 Portland Gen El shia 60 ‘ Para Publix 6s : . Penn P& LL AP S81 Postal Tel & Cab 5s '58 Shell Union Oil 3'%s '51 Socony Vac 3.5 '50 Sou Pac 4'%s '68 Sou Pac 42s ’'81 Sou Pac 45 '49 .....::::s Sou Rail 4s '56 Dou Rall 68 '38. .:ciisisiivinss Sou Rail 6125 '58 ‘ Third Ave ad, 3s ‘60° : Union Pac 4s :

Phat fet ttt ad fatten ped

NH & Hart 6s ME. Warner Bros 6s '39 Western Union 55 °' Youngstown S & T

Bt al fk fh ft ft eS

Argentina A Australia 415s Brazil 8s '41 . Canadian Govt 4s Denmark 4125 '55 |. French 72s 41 German 52s '65 . German Ts '49 Italy 7s .’51 oh 3% ii.

Apan 615s Poland 47

7s ome 28 52 Yokohama 6s

DT =F TIO OD sn + (O00 pet

er a

hss

Money and Exchange

INDIANAPOLIS STATEMENT Clearings Debits Clearines .. Debits for week Clearings for month Debits for month

TREASURY STATEMENT (By United Press) WASHINGTON, Jan. 30.—Government

expenses and receipts for the current fiscal year ending Jan. 28, as compared with

a year ago: This Year, Last Year. Expenses. § 4,154,750,232.07 $4,204, 564,265.95 Receipts... 2,424511,379.99 2, ii 488.424, o pefieit.... I; a3 238 Sa: 08 20 5. tH Cash bal.. 1}. Pub, debt. 34, Gold res.. 11, Customs. .

FOREIGN EXCHANGE (By Abbott, Proctor & Paine)

England ..84.89 13- 16 H ies Xfrance 046614

$8,2397

0528 1695

4033 Germany

4537 4537 .4537 1.6931 ada _XPar arene.

"Report of the. con condition of ‘the

South Park Saving &

Loan Association of Indianapolis, Marion County, In= diana, at the close of business on December 31, 1936. RESOURCES Cash on hand and due from the banks HOLC and FFMC Bonds owned Insurance and Taxes AdVRRORA ....:.::.iiii0004s Mortgage HUAAS ocunns.: . Stock or Pass Book Loans. Other Real Bstate=Book Value Real Bstate Sold on ‘Cone tract ‘es Furniture and Fixtures .

56.35 58,000.00 2,075.00

13,888.31

2,700.00 150.00

Book Value of Installment Shares ...... Book Value of Book Value of Paid Shares BRL RAAR ARR 18,400.00 Borrowed Money (Indi= viduals) SARL LAERAR INS 4,000.00

Cont t Fund 6,000.00 | scenery Undivided Profits 5,711.50

ssssssvessesevess 385,181.00 of Indiana, County of

REAR

IRAE REE E RY Bhs

Total State

Marion, ss = = officers and

HENRY MUELLER, GEO.

STEELS GLIMB T0 NEW PEAKS INN. Y. SESSION

Other Sections Irregularly Higher; Building Shares Show Strength.

By United Press NEW YORK, Jan. 30.-—Steel shares advaniced to new highs in a moderately active short session on the New York Stock Exchange tos day. Other sections were irregularly higher in light trading. Utilities held well, unperturbed by the Elec« trice Bond & Share decision in Feds eral Court which found against the company. The case involves consti tutionality of the death clause in the Utility Holding Company Act and will be taken to higher courts. High operating rates for the leads ing steel companies and the best

, earnings reports since 1930 encours

aged new buying and short covering in steel shares.

Rail Equipment Up

New highs were made by U. 8S. Steel at 964 up 13%; Bethlehem 82%, up %; Gulf States Steel 72's up 4; Republican Steel 33% up 7%; Wheeling Steel 46 up 1'42; National at 80 up 2%, and Allegheny Steel at 40'2 up 1%. Youngstown Sheet & Tube rose nearly a point and fractional gains were made by Cru= cible, A. M. Byers, and Vanadium, Railroad equipments and building shares were next in importance to the steels. Lehigh Portland Ce= ment preferred made a new top at 201 up 15 points and the common made a high at 51 up 1%. New tops were made by American Locos motive at 53% up 2%; Lima Locos motive at 65% up 7:, and Baldwin preferred at 106'c up 5%. Other wide gainers included Case at 160 up 7%: Newport Industries 3812 up 2%; Pittsburgh United 7% up 1%; Westinghouse Electric 160 up 1%; and Auburn Auto 33 up 3

Commodity Prices (By Abbott, Proctor & Paine) COTTON NEW YORK . Low, Qos

= n =

th ok fd oh nk tt B30 DS DDD QW

1 12. 12 11.¢ 11 11

up ‘5. NEW ORLEANS

. 1038) pot 13.33,

Pp $l pa pt aad Dod n-3F ASSO

Low, 11.29 11.24

High. 11.33 11.32 SUGAR bid ow

548 2.67

BUTTER

Prev, Close, 2.8 2.1 2.7

Prev, Close, + 31

Close 2.11 2.69 2.70

PODFUREY sosvv isinniiiiine

Prev, Close,

February 22%

Unlisted S Zocke

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

Manttasturers .. Nationa] City .. National Shawmut First National Boston FIRE INSURANCE

Aetna Fire Insurance American Ins of Newark .. Baltimore American Franklin_Fire Federal Insurance ' Great American Thsurance. ... National Fire Hartford Hanover Fir : National Liberty CREE Re North River Phoenix

8 Fire .. ‘ Westchester Fire

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