Indianapolis Times, Indianapolis, Marion County, 10 February 1937 — Page 14

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» Money Circulation Drops Abreast of The Times on Finance $ é Money in circulation as of Jan. 31 totaled £6,3,9,109,425, or enough to supply every man, woman and child in the country with $49.23. This compared with $6,542,752,261 on Dec. 31, 1936.

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Market Rallied as} PAGE 14

WEDNESDAY, FEBRUARY 10, 1937 Strike Began, | Flynn Says. RAILS T0 SPEND New York Stocks SWINE MARKET New Yo rk Bonds

TEW YORK, Feb. 10.—While 30 MILLION FOR (By Thomson & McKinnon) DROPS 20 0 25 4 bar & : i (Reprinted Fr Late Times Yesterday) forecasters talk in troubled High Low Ald e | Amer Woolen ... ish DAILY BOND INDEX

Pr tones about the effect which the | 2 151 1926 ls 100) Col Gag 5S "61 «v.ovvevinenve. J04S 2 : 5 : | Amusements— veh 8 { Average Equals : ‘ automobile strike will have on bus- NEW F UIPMENT Crosley’ Radio .. 25% 1 7 "2 | Collins Alkman as 20 20 : ' a aa ness, the stock market, disregard- Loews Inc voix 38. 3 a 18 |Gotham Hose ... 12 oda rs for Jiiy 003 a 3 2

" : . : » Big Four 4'azs ing all this, chooses the opening Rano Core | Indus Ravon ... 37%

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Tobaccos— 3 pn Week ago Big Four 5s '63

: ; . .. 94. 1 105. ' : of the strike as the time for stag- BEC Am "Tobacco “B* 97% Month roo ' 94, : : 4 | Qolozado & So 41s 80

ing a rally. The ‘ket sagged | . . : A Li . 16: f aT eg 4 ¥ i Year ago .. . 92. . . a after the New Yor ry | Three Roads File With I. C. C. Warner Bros Sel Guears Bion 135 1iay Oversupply in Most Packing 1037 high : 12 1080 100. ce Sahih As "40... | |

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pick ly with the beginning of a . gw i ortiarg .. b> 130n MM: 1B ain 1937 low lll CK up only with the beginning o b Aviation Corp .. v % I Reyn Tob *“B”. 53% 5° 55° 55% i (Copyright 1037, by Standard Statistics) the strike. | For Authority to Issue |e anctt ia’ a 2 | Ro Centers Forces Prices Of course, no | Curtiss Wr “A”. 21° % (Am & For Pwr 12% 2% 2 | ; (By F. 8. Moseley & Co.) Sebi ue : . 5 ror Re i3% | \ Grt Northern “G" 4s "45 .... one will say | Certificates. | Re MY fan : h | AT ROVE & it li To | To Decline. U. S. GOVERNMENT BONDS Grt Northern “H" 4s '46..... the strike pro- ree Sperry Corp A | Am Wat Wks .. 27's { M———————"—— Treasurys Grt Northern 4'as '77 ..... duced this re 1 Unived Als ities 2" i 33 | Gol Gas & Elec.. 18 | A Prev. gett pat mT a : Ra Times Special R . . iy Hed Pross n Aircraft New 313 } & | ce 1 o i ) : “eae : covery and By nua 10 [ Trans Contl & W 20's 19° a Consol Sa “8 | } OversuDrly of logs nthe 399 it 3 i Gene ae s 63. ae ; MINNEAPOLIS, Feb. 10 ~Cone , os y TOL y D, = - { # { = oo. . on | . 2 srisaaean J « > that, therefore, Ph i a Feh.& re Lae eigen yo" : Fite Flr = Lit 33 important packing centers lowered / 4: s 31! 1il Cent 5s KJ " 5 tinuing a trend started in 1935. pave o > | Cass 'e ads a) m adiator ... 2873 > 0 { . ar 5 Interboro Rapi rans ita E joa plans to purchase $30,554,553 in new | Barber Co 383A Bh BIEN Sr EN 3 | Prices today at the Indianapolis Interni] Hy "Eleg Sed ment of small loans to banks im= nr SX CSS, | . , . y 3 Y | Lot Sty 8 2 2 78 | Are . { 3 i e e as Bui the phe- |equipment in applications filed with | Johns Manvi ile AT : z North Amer... pron Siocayaras Weiss Shove ; : '24 | Interntl Tel & Tel 5s. 5: proved during the past vear, Northe = ee 3 3, 1 2 d « ERY { a . seen p 1 ’ . nomena would |the Interstate Commerce Commis- Waren, tos Deoples Gas. 8, | ood PG hi: 2 feats Ridin 31, 108.4 08.4 | Intornul Tel & Tel 42s western National Life Insurance Co : irs . : o a pee. : 1 ory J... 3 n= | las . . . seem to indi- (sion for authority to issue equip- |, Reduction .. 77V . / 2 | So Cal Edison .. 29% | weights and pigs were off 25 cents. 108. : & Rob reported today after a survey of i to . he |ment trust certificates totaling $22,- | Com Solvents ... 197 9% | Std Gas 3 5 | a cate that the 8 Do Paat car 13s : hs | Bone a Webster 31% | Receipts were 8000. porsonal loans made in 16 cities financial world |880.000. ; Freeport Tex ... 31} a 8 8 | United Corp ...: 73% 7% | Weights of 160 to 180 pounds Nicker plate os 78 Few , i . is not unduly The Atchison, Topeka & Santa Fe Montano Chem’ a8 : a i Un Gas Imp 13% 15% 15% 4 | sold for S102 A AY : ; =? | Nickel Firte 5% "4... ‘105 . ewer applicants were being re= Mr. Flynn troubled about |asked for authority to issue and sell | Natl Die (news. . ; 37% 3734 | Yoho, Shit a 3, * Bn wn OF $1027 to 310.30; 150 to 2% 34s 1051-34 Lo. i 13 N ¥ Cent Ss 2013 .. « 101 | fused loans, according to the ree : oh $13,800,000 of 2; per cent equipment | Scheniey Dist i : S 2 | pounds brought $10.25 to $10.35; 20 : N Y Cent 4's 2013 (old)..... 95 9! . = the Viet Yesuit of the suis on up | trust “certificates revenue from |Guion, Carbide yh | to 210 pounders were $10.30 to $10. 20. N Ror Koos Ro pt leer. 1 ¢ | port, and people applying were in AA | SU ates X Union Carbide . : 5 i ‘ 0 mer Co 5s carsnanea 100 n : Ss ” th st even affected General {which would be applied toward the |U S Indus Alec. 42%: New Bond Issues 210 £0 225 pounds, 510.25 to 310.35; Nor Ba 602087 : 111% 130s Better fnancial condition, It 12s no Ee. 1 Lr . t the |purchase of $18,400,573 of equip- Drugs— : . : | 225 to 235 pounds, $10.20 to $10.30 : . : ; 102.25 States Pow 55 ‘41. 103° 103° “Fewer would-be borrowers in Motors stock, which Bon ool Nn ment. oT Lambert ci BY 3 ; (By W. L. Lyons & Co.) | 228 the 235 to 250-pound class was 3 13: .- . 103. J01.09 penn Ry is OY .“ 1041 1936 were working at starvation h DOI + the year. An cers 83 . . n Hy 5 . , pi Ry > ‘Lewis warning | The Bessemer & Lake Erie Rail- Gerling Prod vi: 7 ; 13° | Argentine Rep 4%s 09% | $10.15 to $10.25. . Penn Ry 4ls 81... 1 "1ll : 's | Wages,” was the way one bark that Chrysler will have to do a [road asked authority to issue and |. Equipmentoe Ats'd “Tel hs 083] hi Packing sows were steady and|,, 31 105.99 | portland Gen EI 41s ‘60.11 official stated the change, the comlittle collective bargaining when he [sell $6,700,000 of 2% per cent equip- | Am Brake Shoe 73% 4 B & O 4ls 39 .. % 101% the ba sold for $0 to $9.50, top|3s 1940 105.7 155.11 Para Publix 6s '35:.... .100° i | pany said. tt Oil 1 aly adliliiy : ’ A) Soft id 2 5» | Calif Ore Pwr 4s °* 2 65. je S an . A enn z 28 '81.. .105 1 3 is through with General Motors, ment trust certificates to be used | Am Car & a { 2 88 Calif Ore Pur 4s 68 0 CE $ O. Weights of 250 to 260 pounds | 33; 154 31 103.30 | pontal Tel & Cab ot aE elif Loans Kept Up to Date Chrysler shares are also at their |toward the purchase of $8,941,000 of | Am Steel Fdy.. Cont Maine Pur Sits 66 ...- were $10.10 to $10.20; 260 to 275 —— Bom Rand WW 3 5¢ : . ySler Shales al ov: ; 5 i Bald Loco Cincinnati G & E 3%s '66..... | pounds, $10.05 to $10.15: 275 to 285 | { Shell Union Oil 3'.s . In five out of six cases, the survey top for the year. This means their new equipment. SA nic Car Cleveland Tractor 5s '45 .. : ‘ DOMESTIC | Socony Vac 3%; 1051 Sli. Ts ! high for several vears Authority to issue and sell $2,380, | Gen Elec 55. ves vos ; | pounds, Sm to $10.10; a to red Today's Bond Leaders— | Sou 68. . 962 958 Vi icated, persons loans were being ” DE Av: : iid : : : } ounds, $9.95 to $10.05; 300 to 325 8l........ | kert up to date. Less than one-half gf a = . 000 of 2'. per cent equipment trust | 500r & Co 7 reg Bg AL hath 00 | P ; , Sy X ND around the corner lurk certifteates was KE by the Union Eoin Gh aan % 35% 35% | Fla Power = og oie to M0 hounds, $9.90 to $10; 325 to 350 | Inter Hydro Elec 6s 44... 1 4s rs . 83 5 of 1 per cent of such loans were beother strikes—in steel and MI pagific Railroad Co., which plans to | Westinga Elec...139 © 159 © 159 on & Pur 34s 66. 25, | pounds, $9.80 to $9.90 and 350 to |N"y ens 99% 110’ | ose" 105% 19% | ing ultimately charged off the books coal The business community di ne Gawal % > Financial— Indpls Water 315s ‘66 “ 3 | 400 pounders were $9.70 to $9.80. Third Ave Rail 55 '60 ........ 4412 | rovas a 5s 7 ‘ 1057. 51, | as uncollectable, KITOWS this. Why is it that fear of Lag pent at a total cost | yjiegheny Corp. . de Iowa Sou util Bias To. 615 | Utilities P & L 55 '3¢ 3% | Texas Pac 58 "17 ... .. ...105 >| Money borrowed from the small Know: $ hy 18 at y of $3,213.000. C sy 414s "65.... . S wa——— Chir ij, 55 '60.. -- 4302 2 the effect of these strikes on busi- 3 Jy : Mig Thing +n 55) 8 ; | Bane For 4s 51 5 «aes 108 . a Catie Market Steady { 7. Third Ave Ad we . > | loan departments of banks goes : ) tele sa Corp .. 4 2 | Long Island R R 4s '49 .u ior » Aiviki . ax : 31, | . . . AY into ness is not reflected mn the stock Chesa COD i Tr Sau Ya 74% DB iionz island B R 18 <i 13 1095 | In the lighter divisions, 155 to 166/ | 7S Rubhe 32 23... » (for three purposes, the survey point markets or even in ¢ CF TO St kb | Lehman Corp ...128 28 8 21.2 | Mengel CV 4las 47. 2 131 | pounders brought $10; 150 to 155 Allez Corp 3s '40 Acad Dai INY NH & Hart 6s "48... 00 8 so «| ed out. First of these is to consoli= the corporations affected? A 1Hcago oC S Transamerica .. 17 3 | Metro Ed 4s '65 d 071% 107% pounds, $9.75; 140 to 150 pounds, |Am Frgn Pow 5s . 831; : Warner Bros 65 "89... ......... 9f [date small bills. Tit. De Sianeiatet i) ose 1, | Narra Bee 31a 06 0.1 12 100 | $9.50; 130 fo 140 pounds, $9.25; 120 | Am Tel & Tel Bias 43 : ton PAY, Sis 3 ii| The second purpose is fo pay The answer must be dissociate Ry kins, Hamill & Gates) « Am Sugar Be Bal BBY BON NATTA RN Baw wiser lL 303% ] J000s pou x WJ, Ar : 100! Western Union, 5% i ! Jemergency hospiial + XK og from all opinion about the relative Prev. | Armour ....... 12 N Y State Flec Gas 4s '65... 1015 1012, | 10 130 pounds, $9; 110 to 120 pounds, nk" Youngstown § ny >rgency Spital and doctor bills. : 1 Cl Armour 6%," eo ra aN, '69....10 101% ne . 64 : Youngstown 8 & T 3'2s '51.... These two reaso t for . merits of the strike itself. Also | \.., ELAS 8 Boraey Prod Y% 27 | Okla Gok detest yeas 1002: | $8.75 and 100 to 110-pound weights Ves '43.....110% : FOREIGN | th 8 half yeas nS RReoun for more ie : vs 4 a | Sam anuiacturing . B 3 Levy ; a G & E 4s 1031; * 1 ‘wn 5 ks 65 "15 % ‘ , : han hall o e small loans, the re= it must be dissociated from the [Ac svnhn han 2 104 Cal Packing....." 4 Okla Gas & Elec Inc 324s "66 10215 | were $8.50. 1 02a 93 | Argentina (A) 6s 2 Lr froct wiki ik yr nave | frvihnies 2214 | Can Dry G Pac Gas & Elec 312s '66 1 101 . ras io 6 A 101% | Australia 4las '56 iy | port said, eet men eo ey or cot 154 Cont Bak. (A) Peo Lenny’ Soke aging oly SR Siaughter 1% 0. 2200 go pa Can’ Govt 4s "80.2" "\00 108% 108+ | The third major use of such loans Any mpan) = a 42 . 2 4 0 Gas Lite Coke 4s ave, 083% | 1585 °* ‘ais 9 ' ; Ss |. ; : hy munity, Of course a strike in Gen- Goth red, cat’. Su : : > | Penn Tel 4s . * | steers and yearlings sold for $8.50 Beth Een © Fits by W ! 5% | Denmark 4'as '55 ’ is the purchase of automobiles eral Motors plants will reduce the | Il s Public Service A Saki 3 3 11% Son Cal & big HT 0 0 a | tO $10.50. Strictly choice to prime on Mibw 5 8 v 2 2 2000 ( : Halv 7s Bn 5 household goods and the improve eral { : allls 1 d . d : 53 u & 8 5s sens 2 | Ital $ : . ; purchasing power of the workers |cities 8 ey ou, 1) 3, 36% | FO 00 250,06, 10 | 1053- Pout yearling steers brought | Cleve Un Term 5s "73 08 +[ Japan Gs ON ment and repair of the home. A in Flint and hurt the merchants |Commonweaith Bdison 3 os EF 5 Cleve Un Term 4}.s ves ) ang 1s increase in this class of loan wa t ¢ e ANIS | Eom Gorp. Consol, Biscuit noted in both 1935 and 1936. there. The question is, what will | Cord Corp. taut

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Hecker Prod... 4 : o_ | Wisc Pub Sve is '61.......... 108% +1 813.2 Prime bullocks held above |col Gas 55 May '52 2 Rome 6's '52 .. Holly Sugar..... 33)z 83) 3 ee Stitt | 814. ® oto ranged from $6.50 to [Col Gas 5s April 52 1031; | Yokohama 6s '61 k% ie sit | Cunningham Drug at : be the effect upon the economic sit | Electric. Household

Natl Biscuit .. : Natl D _Prod.... 25 52 5 | $8.50, Common and medium beef uation as a whole and taken over | Field Marshal or + Purity Bak . s 2 2 Ee‘? 3 MILLION ELECTRIC | cows were $4.75 to $5.75, the cutter Genera ousehold

¢ S Porto Rico Sug 37% ; 3 : i rn A , a long period. Jarvis WB Std Brands .... 15 53 > CLOCKS S SOLD IN '36 | grades $3.75 to $4.50. Sausage buils If the General Motors strike does | kK : Swift BB BH ] | sold for $6.50 down. Receipts were not last too long, it may well be Wrigley hh : : 3 29 75 % : | 1900 cattle and 800 calves. estimated that when the year 1937 |r Household— : Vines roecia . | Vealers were 50 cents lower and comes to an end, the total outpug | Juin st turd Col Pal Peet 3 : 5 : NEW YORK. Feb. 10.—Three mil- | he good and choice kinds sold for of General Motors cars may Not | Northwest Band Co

Congoleum : . & Rg Proc & Gamble. 02 2 lion electric clocks, valued at $12,- | | $10 to $10.50. be less than last year. I do not | BubEe, HEL ni 3 5: 54

11 but Gt i Bo weit oe BF a 54Y % | 000,000, were sold during the past| Fat lambs were steady. Good and PAI D cay this will happen, but 1t 1S |8wift International Mining— anv. if CHE TOR | choice native and fed Westerns 1S . on wate TOs adic. Pr } year, it was reported today by Eleccertainly not in the leas incredible. |e Prod Alaska Jun ..... 3% | YO port lec- 1 1d for $10.50 to $10.75, top $10.85 | Woaoall Indust rine Am Metals... ih g3., trical Merchandising. This was an |, choice Westerns Slaughter STEEL strik ce, if not carried | Zenith 37 | Am Smelt : 9: rns. Jes > ats higher and the A n too long, wil interrupt the {Cal & Hecla ewes were 50 cents highe

Anaconda _...... 58la B56 5612 increase of 30 per cent over the | : SU 8 Li - | | Se Do asco. 503 : {number sold during the preceding | bulk sold for $4 to $5, top $5.50. Ta : flow of purchasing power and | N. y ” Ci b | ore Mines ov. doin 49 912 40%: (year. | Receipts were 3000 as profits in steel, but over the 12- | ew 01 ur LE To wee S : 307 30 ; " —— : i SINCE FIRST PQ is Ln i871 month period the production of (By Atkins, Hamill & Gates) Int Nickel ..... 31! 3; 01 "hi y iy HOGS \| ~~ steel and the total purchasing f ’ : Prev. | Kennecott Cop . 60° 3 9° Chicago Grain Fut €s M . ulk n Recel . | $10.4¢ 6

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Bul > McIntyre Mine. . 39 ¢ H Yves is Eo 45 ror orkers and profits of ; dG a. se ark Utah . 5% 51 : 535 CHICAGO GRAIN FUTURES $10.15 10.45 . 8 power of worker p1 RR ram m Co of America. .. : B41 Fark VIAN ie : aor > . (By James E. Bennett & Co.) 10.30 10.60 2 SECURITY SERVICE stockholders may not be very | Bn Airlive iv | st Joe Lead.... g 50° 9's 11:00 Pret 8000 4

10.35% 10.60 Joe t . ric d . 3 ] : . 10.256110.60 heavily impaired. | s & ie uu > ra vers - 31 a 5 5 Wheat High Low A.M. Close | 10.250 10.50 a tr i itial im- | American General . eat— 10.05@ 10.40 The truth is that the initial i | Arkansas Natal Gas ‘A... A Miscellaneous— May ..... : 1.347% 353 347% Light Lights— petus to business recovery does not | m: el vhuaatvs lif 5% | Allis Chalmers . 77% 16% 76% % July ..... ' -18 1704 140-160) Good and come from either the automobile R 2, Corp. Mote Bake a1 Am can . 10612 10: . Sepi saues 3 , A131] Moan plants or the steel mills, although | Columbia Oil ran 8 | Am Mach & WY 3a 9313 237 \ Com ; rove | FS Drelghts— they do help to push it along. There | Sonsoli dated Copper hehivL vt ‘s | Brklyn Man Tr.. 31, Ja 3% dhsiniy ..... 1 0 0414 ©" Medium is a definite upward trend in busi- Detroit Grey Jon -.... 515 15% | Cont] Gan 60Vs BE ¢ Bot *ai3n of R 977 97% | (180-200) ood and c Drbivi y a iviti agle Picher Lead "ahh | 99 3 ‘ { ats— L v ness activity now and the nikal | pecirie Bond & Share’ Ill. } Cow ar Lid 973% 91 May ..... 2 Medium Weights— forces producing that are in no way | Ford Motors Canada '““A”.. 287 % | Curtis Pub ir 1878 7 2 JAIV «ME a "3: 85 | (200-220) Good and choice.. 10.05@ 10.40 affected by these strikes | See eo pie Ny 353s Deere Ros es 1E8, ; S12 Sept. ..... 4213. 42'4 (42%; (42% | (220-250) Good and choice.. [email protected] lw o . a . . | Ln el J ie [I ¥ Foster ‘heeler A 2 % A Pp Rye— ¥ str Gulf Oil. Penn ‘es 2 ° 93, 3 Of course if the strikes continue Sn x Rein ing Co... Gillet +e 1% 19 3s May ..... 112% 1% 1.12% (50-250) Gos and choice. . long enough and spread out suf- | guyler Pia ¢ | Iheersoll Rand. .136%2 1362 136% 2 | So eee 1.8315 02 2 (290-350) Good and choice.. ficiently they will have an effect. | Hygrade Food eee ya Inter Harv .107 Sept. ..... .92 91% 92 : Packing Sows—

i” International Vitamin .. N . 5 5 54 5, 3 . . y o : : atl Cash Reg . 36 : ; (275-350) Good But if settlements ace not too long | Lion oil .- Rem Rand +. 263 26 : (350-425) Good

delayed these strikes need not in- | Nation * Hideon: Pover Underwood E .. 0 ¢ 95 ny 1350-292) Good --- terrupt the flow of general busi- A Worthington P. ) \ 1 our F ederal (275-500) Medium ness seriously over the 12-month gL RRERELES | Metors— ; : Ae | Slaughter Pies— , B less Iror & See! Raha 4 3] Auburn ......00 3312 3314 ad 2 dd 0 | | (100-140) Good and choice. . paved Sora Lock cers 3H 52 | Chrvsier ; SO

(CoPyraht 1057, NEA Service Tne, = Shirov i by gh eatin 0 ER Income Tax eam

DOR Ey

— 2

WORLD WIDE

To Policyholders and the Public

Another milestone of achievement in public service has been passed by the Company during 1936. Of the many significant features of the Annual Report, perhaps the most striking is that during sixty-six years of operation the Sun Life of Canada has paid in benefits to its polcyholders and beneficiaries more than Ore Billion Dollars. These benefits, made possible by the thrift and foresight of men and women brought together for mutual protection, have made a notable contribution to the sum of human happiness and national well-being.

| Heavyweights—

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Life assurance is a great co-operative enterprise by which millions of policyholders are enabled to provide financial security for their dependants and themselves. Its contributions to the public welfare are continuous and ever-expanding. The savings of policyholders in the form of premiums, invested in Government securities and in basic industries, are an important factor in national progress and stability, while the benefits distributed maintain homes and lessen the demands for public and private relief.

{ Frotiices . rae gr dso “h Norte and we Bing Mh ttnten 3% Hae Truck 1 aan 6 A 323, | — | (550-000) Choice ..

INDIANAPOLIS STATEMENT | Tin, Coach eeu. 2330 2314 1 PX : a2 : . | - . Medium ES . $3.087.000 Woodley Petroleum . Vail 107 7 IR eb ? 5 oi (15th of a Series) ’ Common .. : 6.368.000 Gi tudebaker : . (900-1100) Choice . TY . White SE. : : : 2912 ——— Good a. | CN oy 4 “" | EXEMPTION ALLOWED STATE prediumm

Local Securities Hing Ma EMPLOYEES (1100-1300) Choice

Bendix Good

(Py United Press) w SHING] ON eh. 30veT ( Ndianay Bohn Alum penses and recet urron %) Whaninen: Bond a thas Cody TERE war ui HE compensation of officers || (1300-1500) howe

th ure cal we a . Th 11 Y i - . as compared with a | ¢, e tollowing quotations do not repre- | Brigss and employees of a State Good _ i cifers

actual bids or offerings. but merely or any political subdivision (500-750) Choice ......... ..$ [email protected] .

the approximate market level { buving and selling inquiries or { Greyhound New. : : i recent transactions. Houdaille . thereof, which is paid from Good caitin. Shed 8.25 i Common, medium. 5.006 5 public funds of the State or (750-000) Good and choice.. 8.256111.00

BONDS Motor Wheel Bid Asked Stew Warner fl we, a 103% political subdivision, as dis- Common, medium. 5.00@ 8.25 tinguished from amounts \ Cows

550,798, 5 30.502.6 Citz Ind Tel (TH) 44s "61... Timken Det Axle 2 Gold Res. 11,3¢ 548. 7,758,650.69 | H Tel & Tel Ft W 51us 55. 10: : Timken Roll ... collected from individuals or Good LL... Common and medium

——————— Presipent AND MANAGING DirzcTom. Customs 269,2¢ )7.72 232,366, i H Tel & Tel Ft W 5 ih vey 14 1 Qils— - . { Indiana Tel Co gs 8 oo ies i 4 Atl Rfg : : ‘3% private corporations, if the Low cutter and cutter

Ind Assoc Tel 4-8 F + f 1936 Fruits and Vegetables |i: foinee miss or She 1 | Borstal, TENT gm To Sos & Indpls Water Co 3'%s os Consol O ) 2 9) vi e i ni - Bulls, good y } 1 i | Etestare. Tel % Tob boos: vas) 10114 | Cont of Del Be of Services of such officers or on) Cutter,” com. ©1111 51000 6. ASSURANCES IN FORCE—The increase in assurances in force re-

ple pricey bene cleiea tn | Rocoms War Works ie a | De a eaters flects the improvement in general business conditions

S t 0 { ) BS 3 : . s » : : a or re, Sticke Yo | | Mortis 5.& 10 Stores 5s '30....100 108 Ne ont Pes 13 oe 3% nection with activities which — Receipts, . ’ constitute the discharge of an Good and choice .............$ [email protected] California Avocados. | Ohio Tel Sery 6s "47 03 * | Phillips Pet 8 1 8.00% 9.50 INTEREST RATE—The average interest rate earned on the Company's investments again increased,

or —

— DAD TD Busaaisio SUA

TREASURY STATEMENT

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Spears, 5ST egon D’'Anjou, extra | Noblesville H L & P 6l.s '47 . >: ;, | Pet Corp 0 . Mog $3. 'B sate § 10 cee : se. i rey i Medium. ‘ 79. $3 Bans anas, se cted, S10: Richmond W W 5s '57 iu gE 1, | Plymouth oil 3 3 6 essential governmental func Cull and medium... 50060 8.00 203: N diana Deliciou 2- | Seymour Water Cos 67. ... 2 103 jPureoil ........ 23 3 : ; tion, as distinguished from a - TW » 26 ‘a - >

. 1 Indiana Golden l . i i ip 82 No. 1 Stay. IE ae Sd en los Se proprietary function, is exempt (250-500) Good and choice..$ 6.00@ 8.00 Ney | LH Water Works 6s '49 0: Soc Vac 1 from Federal income tax. Peed Thon, nediym, 5.000 6.00 5 © 2 S 3 : : ay, ati 5: No. 1 * STOURS Yaye S © of nd ¢ ‘ 97 The compensation of such of- (500-800, Good and choice..$ 6350 8.23

k 0. . ” y i% ; common, medium. 5.507) 6.50 inches up, $2. Lemons, | Belt Qailr road & St Yds com. . O tS 4 1 7 ficers and employ ees is subject (800-1050) Good “and choice. . £5000 $8. Limes, Mexican, | Belt railroad & St Yds pid. .

Texas Corp .... § } ! : : : \ 0 Grapefruit, Texas seed- | Cent Ind Pwr pfd 7 Tidewater Assh . 1 i to Federal income tax if their | Common, medium. 5.50@ Oranges, California. | Home Tel & Tol Ft Wayne. |’ Un Oil of Cal ... 27% 27 7 27% || services were rendered in con- || Heifers— \ Pineapples, 30s, | Hook Drug Inc 1 91 Rails— , { i rg cereis Good and choice .. berries, Florida, pt. 16¢c. { Ind & Mich Elec Co nid Ts 3 TV Atchison "ALA hection with the exerci e of a Common and medium Flori SH InRIes, Ind Gen Serv Co 6s 104%; Atl Coast Lines ! } proprietary function. SHEEP AND LAMBS row u 1; | Ind Gen Serv Co 6s B&O .. 251% 3 51 : For example, the compen- Receipts, 3000

ASSETS—The assets of the Company were increased by néarly seventy million dollars during the year 1936 and now stand at seven hundred and seventy-five million dollars, the highest in the Company's history.

Dividends to Policyhold Broccoli, Cali- | Ind Hydro Elec Co Ts ohn Can Pacific sation of the Governor of a Lambs wi en S ° ° Icy ° ers

17! zc. Brussel | Indpls’ Pwr & Lit Co pfd 6s .. ¢ ‘Chi & Ohi 1 | i nen 1 chan, 0 | IADIS Water. Gor nig Bia 8% |S & rw State, the Mayor of a eity, 1} Toor nM Rae Participating policyholders will share in Lares eM gt Pb hia councilmen, board of aldermen, et 210.28 the C y vid d public-school teachers, firemen, Common ................c.e0 . e Lompany s progress Dy Increase

A ay CM & St P pid Ewes . i. . dividend payments during 1937.

Mo, R50 Coty Csbb - IN Ing pub Serv bid 8s ..00. 0 0h 9 Chi N W mot 102 : elery ab age. | N In ub Serv pfd %s.... 2 Del bride : ol Lae & 3 and policemen is not subject to (90-175) Good and choice.. 5.00@ Federal income tax. Common, medium. 3.50@ 4.5

Mi. ‘higa Ah, doz., 90 “ucum t 1 x dels 14¢ . { No « 8, C imbers, hothouse, | Progress Laundry Co 7 18'2 | Pol Lac & W. (Sheep and lamb quotations on clipped

$1.50. Chives, doz. pots, 80c. Egzg | Pub Serv Co Ind pfd 6s o n n basis.) - | ASSURANCES IN FORCE, December 3, 1936000 ves .$2,775,949,087

a @ wn

DA NADIE NTS rir ti »

POLS CO me BD

—

Investment Trusts Lean Yoes .

(By Thomas D. Sheerin & Co.) vi

. ren rn COU IR

th 60c: white, 40c. Rhu- Diversified Truste sg hothouse. N 1. 5-1b. carton, 50c. | Diversified Trustee nares - a doz., 45¢. Spinach Texas, bu.. $1. Diversified Trustee Shares ‘D” Shallots, doz. Soe. (= Suash, Hubbard. bu.. Dividend Shares, Inc. $1. Turnips, bu., § new Texas, bu. $1.50. | Fundamental . Tomatoes, en 10-1b. basket, $1.50; | General Investors Trust repacked, best, 10-1b. box. $1.40. Incorporated Investors — Market St. Investment Corp.. 0) Une Tio NM orthasr Dvisi ¢ Ss CHICAGO, Feb. 10.—A PD's Michigan | Mutual Investment Fund Louisiana Puerto Ricans, [email protected]. Carrots Nation-Wide Veting Louisiana Porto Ricans, $2612.10, Carrots— | North American Tr. Shs. 1955. Illinois, bu, 60@80c, Spinach--Texas, bu. | North Americ an Tr, Shs. 1956. 756: 85c. Tomatoes—Florida, lugs, $20/2.75. North American Tr, Shs. (orig.) Cau liflower -CMifornia, crates, $1.55@2. | Quarterly Income Shares, new TNE hampers, $4.25%4 5. Celery Sclected Amer, Shs., Inc., new. gan, square crates, 75¢@$1.25. Onions | Selected Amer. Shs. (orig.) sacks) —-Tllinois, Indiana and Mich- | Selected Cumulative Shares. . Roan Yellows 35a 700 Selected Income Shares —————. State St. Investment Corp Supervised Shares, Inc. (Del)

Produce Markets Iiustee Sha Oi Qilshares “A”

(The prices quoted are pad for stock | Trustee Standard Oilshares “RB”

—

BIRD NONE =A DDIWWIIRO DTT TIN WNW QC Hy OS COEIED DIN 3 ht C0 1h RIED wT mT NICD et IN BI 1k 23 OD DD ED EI BS at 2D 30 w DIDO DU + 00 UN a DOD DIES 00D D is ad et mI GY fe Tht

TD rt OBS

— dp pl kh pk

pid 8s. $5.75: leaf, hothouse, 10-1b. | Union Title Co com hhh om Northern pid 30¢. Hog Indiana yellow, 50-1b. bag i > gestern Spanis : thern steady to 10c lower: 200-225 lbs. $10.10 85c; Western Spanish. = $1.40° Northern whose services are connected SRY Ay dle ar 256-275 vs., HNC OME sc ovy iit vote ties iiy sc idin ssn neve 172,215,217 with the liquidation by the $9.8561 9.90; 275-325 lbs. $9.75¢19.80; 170- DISBURSEMENTS ivesiek | 12 534 410 BF 8 EERE ERE RENEE AEE ' ' 5.50. Potatoes. Maine Green | American Business Share Michigan Rurais. $5.45 Color | Brak Bo Ivesiing: " Sou Pac ; 34 : : : down. Lambs, $10.25 Soa R Rv... 34, 3 funds of the companies being PT. WAYNE. Ind, Feb. 10 Hogs Mar. 5 50 Jersey “Possums.” bu.. $1.00: ‘Louisiana Corp. AA’ Ace.” 1 2.35 Radishes, but- | Corp. Toot ha: Pll 1 . 2" 60- 180 Tos. Retail Stores— { Compensation received by $9.75; 300-35 Ibs., $9,60; 150-160 Ibs., $9.60: Since organization terres tirasara boa 1,046,104,001 casssessasssnunanenresrsnves. 715,145 354 railway or electric light plant ASSETS ...... 145, is subject to Federal income Marshall Pield .. 22 A : : 1ati May Dept St... o Fees for special services to a RESERVE for depreciation : | : in mortgages and real estate......... 5,788,065 Firestone 3 37% 3 : Capitol or other State or mu- $34,659,727 : 3 nicipal building. An officer or MORRIS U it d St ; B : 1936 nite ates Business, gathered in the country, while for deliv-

“Bbc. Endive, California, doz., $1, white, $1.25, Parsley homegrown, doz. nt 41 N Y Ont & West 200 lbs. $106:10.10; 150-170 lbs., $9.50@ EXCESS OF INCOME OVER DISBURSEMENTS....... 59,680,807 sets, $3. 85. Mic higan Ruralis, $2.75; Colo~ | Bullock Fund, Union Pac .... 2 2; 23 32V; liquidated, is not exempt from cet, 10¢ lower: 200-325 Ibs., $10.15; Allied Stores . 1834 a . | employees of a municipally 140- 150 Ibs. 9.35: 130-140 Ibs., $9; 120-130 LIABILITIES (ex. capital stock and shareholders’ a/c)... 740,485,627 tax, as such activities are Kroger Groce State are taxable, as, for example, compensation paid CONTINGENCY RESERVE ........... 10,000,000 y $ Rubber " an 3 , a an employee of a State, 0 rs oer p 99 2 s come-tax law, . . eres in Indianapolis the pr ices are 1 cent | > Unlisted Stocks Steels— 4 Pus Xf Le Ome con~ & »] 1 AN New Assurances Paid For (During 1936) SEEN BANE re .$ 105,683,906 Dig nar on, TUll case of ‘ergs must Weigh | A ais: HX Iu 3% 1011 tinuous and not occasional or Assurances In POPE vesesesvssernsrirssvavseeseses 1,216,062,504

it, Florida, doz., $1.50 Kale, Virginia. | Pub Serv Erie ’ 0. LS Huge, Teeberg Canfornia hen. Terre a Bhd or: on 8 7 Erie ¥ 0c Mishrooms. homgrown. HE SORPOMSUOR o Do (By United Press NEW ASSURANCES PAID FOR Farmers 219,966,637 60c. S MUShIOOMS. homegrown, officers and employees LAFAYETTE, Feb. 10.—Hogs—Market, san sane ' 1 oc) ne m, 13Te bunch, 50c. Parsnips. Administered Fund 2d i ‘ 3 n Sess \ 3C eas, exican, | Afriliated Fund, Inc., new Nor Pacific : 3, pv " ia > | State of insurance companies or 9.90: 13 30- 150 lbs. ‘$0610.25: 100-130 Ibs.. Pema RR ...... 4 ] i banks, which is paid from [email protected]. Roughs, $9.25 down, Calves, $10 rado M ures, $3.75. Rut bag . Ct : 1 a vad Rag Ver Mg STN Sel agineey TIN, od) PAYMENTS TO POLICYHOLDERS AND BENEFICIARIES: Wabash “i y : . y wd . arid X 4 9 ) 03, | Federal income tax. 5 $10.0: doe RCRA During the year BOB iss cons rsosvovnnssci 77,489,305 Be Ibs., $8.50. Roughs, owned waterworks or street || sas “stags, 81.25. Calves, $10. Lambs, > 28 PAID-UP CAPITAL ($2,000,000) and balance Macy RB... Ban Bl AB proprietary. June tian gov at credit of shareholders’ account.....$ 3,450,030 McCrory St ©... 23 2927 3, ernmental in character. .. 99° ! 9! 9815 > | Wooton 5} $B 0i|| architects and builders for SURPLUS 2+» vax ve i2 nim somngiennnye: J5:921359 Rubbers— ne Th planning and erecting a State E550. 1 strictly fresh. loss off. 1% A EB oi ig MR temporary. £ Liabilities and Other Funds «...vcvvvvvivinennennes 270,116,911

fe avy breed hens, 5 Ibs, and over, 13¢; Leghorn breed hens, heavy, 9¢. Heavy breed springers, 1% ns, over 5h meated, 13¢. Leghorn

“breed stags, 9c,

heavy breed cocks, \ , full- Breath. ered and fat, 5 he” , Tc. Geese, ~full-feathered and fat, \ urkeys, young toms, 12c; young hens, 10 Ibs. and over | l4c; old toms, 8c; old hens, 9c¢; No. ¢ Butter “Creamery. No. 1. 8% @ 35:55: | 3 ig 20@35%ac. Busterfat—No. 1, 33¢: 3 , 31

LOCAL CASH MA MARKET

City grain elevators are paying $1.33 for No. 1 red wheat. Other

now No. 3 yellow, $1.03. Oats, 44c. Hay—No 1 timothy $1350@14; No 1 clover, $§15@1550; No. 1 aifalfa, first cutting. [email protected]; second cutting, [email protected],

™ », LY

Bankers Trust

| Chase

{ Ceniral Hanover

y | Chemical

{ Continental Iipnois

{ Guaranty

Irving Mam ifacturers | National City . | National City Cleveland National Shawmut First National Boston FIRE INSURANCE Aetna Fire Insurance . American Ins of Newark Baltimore American .. Franklin Fire

| Federal Insurance rades on their merits. Cash corn |

Great American Insurance. Ve National Fire ... Hartford Hanover Fire National Liberty North River Phoenix

S Fire “ . Westchester Fire | ava aaseaRRae

M Crue Steel Inland Steel Keystone Steel . Ludlum Steel . Mid Stee Natl Steel Otis Steel ., Rep Tron & Steel 3 Sharon Steel 3s U 8S Pipe & Fdy if a" y S a Sl nestown &T 8a5, Textiles— 1 Adams Minis ... "a 26% 28

TYPEWRITTEN LETTERS BEMIS AUTOMATICALLY TYPED ADDRESSING & MAILING MU_TISRAPHING STENCILS cuY MIMEOGRAPHING RULED FORMS dIER UIP TO 14 X 20 TWO NOTARIES

303-307 Merchants Bank Bldg. LI-612:

COMMODITIES

Orders Executed in Futures in all Commodity Markets

PRIVATE WIRES

W. L. LYONS & C0.

Estab. 1878

MEMBERS:

New York Stock Exchange, New York Ourb agar Stock Exh Board of Trade,

40 N. Penn, St. LI-6563

Russell McDermott, Mgr.

SAFE DEPOSIT BOXES

Reasonable Rental

Security Trust Co. 130 E. Washington

The Company maintains, with United States trustees, deposits to cover all its liabilities to United States policyholders as required by law.

The above figures are in conformity with the form of statement authorized by the National Association of Insurance Commissioners of the United States. Securities are carried in the balance sheet at book values which in the aggregate are lower than market values.

SUN LIFE ASSURANCE COMPANY of CANADA

HEAD OFFICE...MONTREAL CANTELON,