Indianapolis Times, Indianapolis, Marion County, 18 February 1937 — Page 16

Trends

Supreme Court Is Not Slowing Up,

Flynn Says. By JOHN T. FLYNN

L PASO, Tex. Feb. 18.—Th President’s plan for reorganizing the Supreme Court is so grave that the intelligent man in coming to an opinion will take nothing for granted.

For instance, the President lays down the proposition that the wheels of justice grind slowly; that this makes litigation expensive and often defeats justice. Therefore he proposes to replace or supplement the men over 70 in order to speed up justice. Now let us took at the sitlation in the Supreme Court. Is there any slowing up of hearings there pecause the judges are too old or for any other reason? The President presents a letter from the Attorney General asserting that there is proof of his claim, However, the Attorney General made report to Congress dated Jan 1937—only a month hefore the Pre nt's mesage was delivered. In ti report, which ith the problems of the Department, of Justice, there not one word to indicate that there is the slightest trouble in the Su-

preme Court N the contrary, the Solicitor O General, who handles the Government's business before the Supreme Court, in his report, forming part of the Attorney General's report, points out with a good deal of pride that business in the Supreme Court is right up to date.

He declares that the Court in the last year disposed of more business than ever before in its history and kept up to the minute. The Attorney General's report literally gays every statement in the President's message is unfounded.

However, the President points out that while in a certain period petitions for review were presented to the Supreme Court, the Court declined to “hear” T17 cases. Then the President added: “Can it be said that full justice is “.achieved when a court is forced by the sheer necessity of keeping up with its business to decline, without even an explanation, to hear 87 per cent of the cases presented to it by private litigants?” This is a most unfortunate part of the message. I wish heartily the President could have left it out. {t makes him appear as trying to {eceive Congress and the people.

Mr. Flynn

A ¢

1Q¢ 12 t deals w

n n 5

867

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I the first place, Solicitor General Reed points out that there were 936 cases presented, of which in 717 the Court refused to grant a writ of certiorari. But it is not true (1) that the Court did not give an explanation or-(2) that it fused to grant the writs ‘because of sheer necessity of keeping up with its docket.” As a matter of fact the reasons for refusing the writs are all carefully tabulated in the Attorney General's report filed 2a month ago. Solicitor General Reed points cut that 37 per cent of the writs were refused because of lack of jurisdiction and that of the balance the greater number were refused because they did not present causes worthy of hearing by the Court. And the Solicitor General clearconcurs in this by chiding lawyers for taking appeals to the Court in unjustifiable cases, thus adding unnecessarily to the work of the Court. And all this is important. It makes it very clear that, whatever may be the matter with the Supreme Court, it is not the slowness with which it does business. The Solicitor General goes to great pains to show how quickly cases are dispatched. Most of the important cases involving public questions were heard within a few months of appeal and one case within two weeks of appeal. (Copy ‘Tight, 1937,

1 ly

NEA Service Ine )

i r its and V egetables

subject to ch ange ces being offered sion dealer RDA

inches inches

mans. thans Xe ork

up un inches

WwW vealth \v.,

64 -80s nkist, navel $5 Strawber Florida homegrown

stringless

bu, $1

) 15¢ Vegetables — Beans hamper. $3.73. Beets new Texas. 3- doz. ¢

Cabbage ! Texas, ! bulk, crate, $223 Florida, 4s- : Celery Cabbage Cucumbers, hothouse, loz. pots, 90c¢ Egg Kale, Virginia, California best. hothouse No. 15 doz.. 80c: Mangoes. 1shrooms, homeIndiana vellow Spanish, large, Parsley. home1 bunch.

large bu... 85¢

ne C Aliiorni a 115-125,

Tic

leaf.

0 4 Western Nort her n White, 81 33 3¢;: Southern homegrown. 's hamper. $5 350 Potatoes, . 100-1b bag, $3.23: Michigan Rurals, 3." Florida, Ruta- . “Canadian Fotatoes hamper, bu... $2.35 white

qoz.. 50c, 1. 3-1h, car-

-1b X 50- 1b X ged, $1.10, Halls . Puerto Ricans buttons, hothouse Rhubarb. hothouse. No. ton. 50c. Sage. doz.. 45¢, Spinach, Texas * bu... $1. Shallots. doz., 40c, > bard, bu. $1.30. Turnips. bu, . toes, repacked, 0-1b. basket. * packed, best, 10-l1b $1.50

cE Rad{shes . 40c

§1 $1.33

hox

(By United Press)

% CHICAGO, Feb, McIntosh, $1.50%@1.75. Louisiana Porto Ricans, Illinois, bu. 604 85¢, Spinach—Texas, bu, 80 75c. Tomatoes—Texas, lugs, $2@2 50. Cauliflower—California, , $1.50% 1.60. Nokican, hampers, $5.25 5.50. Mi ichigan, square crates, $1.50@ 1 150-1b, sacks) —Illinois, ana and Michigan Yellows, 50c% $1.50

Sweet Potatoes

Money ) and FE xchange

INDIANAPOLIS STATEMENT 1 ngs $3,062,000 Debits 7.586 000 TREASURY STATEMENT (By United Press) WASHINGTON, Feb, 18. Government ex- . penses and receipts for the current fiscal vear through Feb, 16, compared with « year ago:

Expenses 5 Receipts

a ris A A SAAS ERTS:

® *

Abreast of The Times on Finance

¢ ¢

towns and rural areas for

PAGE 16

THURSDAY, FEBRUARY 18, 1937

cent higher in dollar volume were up 22

Rural Sales Gain

Daily average sales of general merchandise in small January were about 10.5

per cent over 1935.

per than for January, 1936, and

FACTORY WAGES

Squash, HubToma- | re- |

18.—Apples-—Michigan |

$2@ 2.10, Carrots— |

Indi- |

T= | |

ADVANCE $3.13

AWEEKIN 1336!

Nearly Half of Gain Due to Increased Hours; Rest To Rate Boosts. Gaining $3.13, the average weekly

| wage paid to factory workers in all lines of manufacturing in Indiana

increased during 1936 from $23.79 in | to $2692 in the |

| Dacen aber, 1935, same month a year later, according | to Calvin F. Davis, statistician of | the Indiana State | Service. This was a gain of 13 per cent, | Mr. Davis said in a report in the | Indiana Employment Review, monthly bulletin of the service. : “About 50 per cent of the gain | was due to longer | while the remainder of the increase should be attributed to wage rate | increases, and to a greater proportion of workers employed in the more ghly skilled pursuits than was true a year earlier,” Mr. | reported.

2300 Plants Surveyed

Approximately 260,000 workers in more than 2300 establishments | were included in the survey, conducted monthly by the employment service in conjunction with the U. | 8. Bureau of Labor Statistics, the { report said. Of these employees, Mr. Davis | said, 99.612 were benefited during | 1936 by general wage increases as | reported by 183 firms. These figures do not include raises granted in individual cases for par- | ticular merit or length of service, | the article explained. It is probable, also, that some general increases granted by firms included in the | survey were not reported, it said.

{ Bonuses Augment Pay

i “It is known that many com- | panies which do not report or which | fare not canvassed in the monthly | survey also raised wages during (1936,” Mr. Davis said. “In addition, | | workers’ incomes were augmented by | {an estimated $3,000,000 through bonfuses granted at various time, especially just before Christmas. “The greatest wage rate improve(ment was found in the {goods industry which include iron and steel mills, plants, and railroad repair shops. “The index for average hours | worked for a week for all manufacturing industries increased 6.6 per cent over 10.1 to 42.7 hours a week. nourly earnings increased approxi- | mately i per cent during the year,” | the artic le showed.

Chicago Stocks

(By

Average

Atkins, Hamill & Gates) Prev ‘lose Advance Alum : Allied Products | A sbestos Manu {| Associate Inve 3 A they Truss Wheel Blessin

i 233% actu ring 2

1an | Ber shot | Butler Brothers | Central Illinois | Chicago Corp ities Service | Com mon: wealth Edison i Consoli idated Biscui { Cord Corp Electric Household Field, Marshal

Publ Service

2 ’ -

Ken-Rad Tube { Libby McNeil | Lon don Packi McCord Badintor McGraw Electric

ARIE BIND PD N ® COUN in LIOO UVR CA TI OD CIDOB bt UTED OD Bh CA DTI ES LI = 100 ow DO

Dee 20D

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Sch zer-cCummins Sut ndstr and Machine | Swift International Utah Radio Prod | Woodall Industries [mv

New Yor rg Curb

Atki Hamill & Gates)

| Close. American Airline { Ame rican

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Close. 28

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it ey Iron Picher Lead

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‘Motors. Cinath a General Tire Greenfield Tap & Die Gull Oil Penn Humble Oil & Refining Co International Vitamin . Lion Oil Niagara Hudson Power P American Airwavs R Petroleum Rustless Iron & Steel

arr DIG erst SAGA DUI Fits JUS Cfo pea II OF t 0

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a pa pt pt Do w - 83 - tf ht pt

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SBI DD DDD I The er THIOO TS

2 3

Unlisted Stocks

(By Blvth & Co.) Trust

= a

Bankers

MN» hr a

Chase 1 Central Hanover Chemical .t { Continental Illinois Guaranty Irving Manufacturers Natjonal City National City Cleveland | Nationa! Shawmiit First

ICO TD UN Te a) wm DIDI -T DOI

Dw aa

National Boston FIRE INSURANCE Aetna Fire Insurance American Ins of Newark Baltimore American { Franklin Fire Federal Insurance | Great American Insurance { National Fire { Hartford Hanover Fire National Liberty

BINED aT ee a Dw bd J a

$1.90: !

Fire . . 37

Chicago Grain Futures {By James E. Bennett & Co.)

Wheat— High May July Sept. Corn— | May July Sept Oats— { May

Fire Westchester

July Sept Rye—

a |

Employment |

working hours |

Davis

durable |

automobile and parts |

a year ago, climbing from |

| Loose Wiles 8

ev. | McIntire Mine .

2 | Allis

5 | Curtis

“| Eastman

1.. | Budd Mig

Favorable Trade Balance Lowest Since 1895

Prepared by Administrative and Research Corporation - New York

uh S

FOREIGN TRADE

of Dollars Bn

Billions n

1926 927 1928 1929 1930 1931 1932

During the past year, the favorable trade balance of this country reached the lowest point since 1895. Merchandise exports from the United States amounted to $2453,000,000 and exceeded net imports of $2.419,000,000 by only $34,200000. Reduc-

rather,

1933 1934 1935

largely the

per cent in 1°36.

nations, stimulation in this country.

1936

tion in the export balance, however, did not involve a shrinkage in our trade with other reflected ports by economic recovery experts were up 7.5

but, imTotal

New York Stock

Exchange Prices

(By 0:00

Thomson

High Amusement s—

Loews Inc Paramount Radio Corp

]& McEwen}

1 Prev. | A.M,

Sr ho)

Low

203s 1614 Xe

Del Lac & W

| Erie nfd Gt Northern ply 111 Seaursl . | K Sou Lehigh Valley Lou & Nash .. MK&T IMK&T { Mo Pac Mo Pac nfd { XY Cent : | N Y New Haven + NY Ont & West | Nor Pacific { Penn R R Sou Pac {Sou R R Union Pac | Wabash : | West Marviand .

Retail Stores—

| Allied Stores 2 | Best & Co Kresge 8S 8 Kroger Groce Macy R _F } Mec rory St

oe oem

—r3a3

1915

PBA BA »

DBILI LI SLID DISLI Sa=10

PDD EI

TKO 20th Century

Fox 3 | Warner Bros....

a a

92 8!

©“ w RS

ED D0 0D re LS ID De TD

Building— Am Radiator Barber Co Holland Furnace Lone Star Johns Manville Libby Owens Gls 76!2 | Quis Elev bene $14 | 8 Gypsum.. {150 : Ys Bros . 915

pid :

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31! 3? 97 43 es £3 313%

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LORIVI = HES Tb C3 Lh wat Che ® PBB. WDB Wr —_ LIT CD oo ld

w aS — LOLS UN TD Dn len Ds re WD . Cl - Does En EW

—

Chemicals— | Air Reduction

| Safeway St Sears Roebuck Woolworth

| Rubbers— | Firestone Goodrich 8 | Goodyear 8 | U 8 Rubber 2! U 8S Rubber Steels— | Acme Steel : Am Roll Mills . 1 | Beth Steel ..... 11 Byers AM { Cruc Steel Ludlum Steel » Mid Steel . Te Natl Steel + 5 Otis Steel 21 Rep Iron & Steel 333% Sharon Steel + U 8 Pipe & Fdy 8 U S Steel 108% U 8S Steel pfd i%

Com Sy ents % 1 { Du Pont | Freeport Tex | Math Alkali { Monsanto Chem. 9 { Natl Dis (new). Schenley Dist Tex Gulf Sulph Union Carbide .110 U 8S Indus Alco

Drugs— Bristol Mvers {| Lambert Lehn & Fink . Sterling Prod Un Drug (new) Vick Chem Equipments— Am Brake Shoe Am Car & Fdy Am Loco Am Steel Fav’ Ba Loco Gen Am Gen Elec

pfd 113 79 361, B87!»

> a

pt) 2D nD PIN Gd ad SA 0a a

al 514 51

B87 ; HEN Tnk Car 5 A

Prev. Close

281 1 202 | Collins

4315

3 EX Serv N

i Western

8 3 rR 4 4 8

High A215 8314

| Warren Pipe-Fds | Youngstown 8-T

Textiles— | Amer Woolen Celanese Corp Aikman... 39 | Indus Ravon .... :

Tobaccos— | Am Sum Tob | Am Tob | Gen Cigars | Lig & Mvrs | Lorilard | Philip Morris { Reynol T'"3

Utilities—

| Am & For Pwr Am Power & Lit AT T 178

Am w at Wks Col Gas & Elec | Comm & Sou Consol Gas | Elec Pwr & Lit interhore RT. T.4 T

B".1

TY IRD da DBS SD THOS 00 Ut en a

St DD wm] et 3

a Cb GB a al A

Peoples Gas

Std ig A Edison

03 et 1.3 fn 3 Cd Cd bt 05 ht bt 13 50

| Sane. & Webster | United Corp

Imp | Ut Pwr & Lt

Union

— LL ADO WDD NIWO IIa TIBI 1S wn LJ =) UF =F CO 09

-3

Low 42, 827

12% 3314

Ba ER

Prey Close. 4214 82'2

10:00 AM 42'2 A 83

1274 33's 59

, | pounds,

NBA Eman ® NDB

30% 34 61'2 4

IN APBI DD a W

Er eA rr et

TEXTILE ACTIVITY HIGH

limes Specinl

NEW YORK, Feb, 18.-- | textile mill activity dur

#111 months of 1936 was

8 147

+ | higher than the { the 1924-31 average,

| announced today.

The rate of ing the first 16 per cent

corresponding 550 period in 1925 and 18 per cent above Textile World

Poor & Co West Air Br Westingh Elec | Financial— Adams Alleghe

New York Bonds

Am Int Com Com In Transar pp Armour oh Borden Prod Cal Packing | Can Dry G Ale Cont Bak "A" | Corn Prod Crm of Wheat Cuban Am Sugai Baking

(Reprinted From Late Times Yesterday

DAILY BOND INDEX (1926 Average Equals 100)

20 Rails 100.0 09.3 100 8 2 3 2 3

~1W HID wo -

| Today . Yesterday Week Ago .. Brome Ago .. ear Ago | Tos High { 1937 Low | XNew | (Copyright,

» »

OOH a 1

Low. 1837, b

F 8. Moseley & Co.) GOVERNMENT BONDS Treasurys

Natl Biscuit .. { Natl D Prod. . { Purity Bak | Std Brands | Swift & Co.. 1 Un Biscuit | United Fruit

Household—

(By

a pe ps

CO 0313 +t 1.3 1.5 Cd in ot Ton +t +t 3 2 0 Td 80 13 ot COD FO On rt in OF DI =F + 5 00 00 DD ifm =)

m . amble

£0 20

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Mining— | Alaska Jun Am Metals | Am Smelt Anaconda Cal & Hecla : Cerro De Pasco Dome Mines

SO 00 += 03. 00 I5 3) wim a. >» EE

©. 0.0

Or Ba J bt CY OO OT) +a

Int Nickel bos Kennecott Cop . { Magma Copper

Local Securities |

(By Indianapolis Bond & Share Corp.) The following quotations do not repre US Smeiters sent actual bids or offerings, but | Vanadium i | indicate the approximate market | Miscellaneous— | based on buying and selling

recent transactions Chalmers . 74'a T " | Am 9! BOY

can 1 Am Mach & Pdy 2312 | Anchor Cap 2! { Brklyn Man Tr { Burroughs Add Contl Can 8 Tract 9¢

Park Utah ‘s | Phelps Dodge . . St Joe Lead

level

Bid

| Cater pili ar

60 “ | Grown Indpls Railway foe 3, 07...

Indpis Water Co 3'4s '6C Interstate Tel & Tel TA »8 '83 Kokomo Water Works 5s ’58 Morris 5 & 10 Stores 5s '30 Muncie Water Works 3s '63 Noblesville H IL & P 6'as '47 Ohio Tel WV Ww y | Richmond W W 35s 30 ne 2 | Seymour Water Co 5s '67 s|T B Nac & L 5 44 i ee 8 8 Underwood E g 21TH Water Yorks 3 Worth'ton Pump 43 Trac Term Co 5s °

| Motors— 1 STOCKS

| Chrysler 13: a» | Belt Railroad & St Yds com. . Gen Motors a | Belt Railroad & St "A nid fd

Deere Kndak 17404 | Poster 43 Gillette : Glidden Int Bus Mach Inter Harv Natl Cash Reg Rem Rand

Wheeler .

‘58. '49 .

Graham Mot | Cent Ind Pwr | Hudson { Mack Truck Nash Packard | Reo Studebaker | White Mtrs | Yellow Truck Motor Access—

Bendix Borg Warner

AN DW

| Ind Hydro Bec Ts . Indpls Pwr & Tit Co pid 6s | Indpls Pwr & Lit Co pfd 8'%s { Indpls Water Co pfd 5s ‘ IN Ind Pub Serv pfd 5%s...... N Ind Pub Serv pfd 6s ..... N Ind Pub Serv pfd | Progress Laundry Co . | Pub Serv Co Ind pid 6s. . Pub Serv Co of Ind 7s .. Terre Haute Elec Co 6s. . Union Title Co com

Investment Trusts

By Thomas D. S8heerin & Co.)

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Mid Cont Pe Shie ol .

Pet BRL. ys Pet En Roush oil

shan ad ou Shell

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| Administered Fund 2d Affiliated Fund Inc (new) American Business Shares Broad Street jnvesting Bullock Fund Ltd ‘ Century Shares Trust Corp ‘AA’ or ‘Accum’ . Corp ‘AA’ or “Acc” (unmod). Corp Trust Shares (orig). versified Trustee Shares ‘B’ iversified Trustees Shares 'C’ versified Trustee Shares By vidend Shares Inc undamental General Investors Trust icorporated Investors gu k ark , Investment Corp ‘ ! Fun . oe assachusetts Investors Mutual piyestment Fund Nation-Wide Voting . North American 1 8hs 1085. . North American Tr 8hs 1956 . North American Tr Shs (orig) & arterly Income Shares new elected Amey Shares ected er Shares ecte Qumaiatine Shares ected Income Bhares tate 8t Inyestment Corp upervised Shares Ine (Del) rustee Am Bk B § rustee Standard Oflshares ‘A’ Trustee Standar Ofishares B _

BSS 3 Sas

(mod)

pa.

Soc an ‘id 8 O of Cal . Ss 3 of Ind Pee of J exas Cor . 54 Tidewater Asn Un Oil of Cal . Rails— Alchison “i vast ines IB & O

[Can Pacific ...

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| 009 DLs DO LB LSID =F I BD et SO Tt hint 10 DFS DWI = DWI BSW

Chi N W Chi N W nfd Dela & Hud

fa BODODIID

)

Standard Statistics)

merely

inquiries or

Asked 10494

| Il Cent 3s 2

2 | Interntl Tel & Ter as

We Buy—Sell—Quote

REAL ESTATE BONDS BUILDING & LOAN ASSOCIATION STOCKS

T. P. BURKE & COMPANY INCORPORATED a

Merchants Bank Y 4 ane RI-8538

Terre Haute

Home Owners Loan

1942-44 1949 1952 Federal Farm Moriga 1964 1949 1042-47

{ DOMESTIC Today's Bond Leaders—

Chi East Ill 53s '51 | Mo Kan 8 Tex 3s Mo Pac 5'25 '49 | Mont Power 3%s { N Y¥Y Central 6s

| Alleg Corp 5s ‘44 Alleg Corp 5s '49 Am Frgn Pow Ds 2 | Am Tel & Tel 5. Arm & Co ar { Atl Coast Line is, | Atl Coast Line 4:

| Balt & Ohio 4! | Buff Roch & Pitt 428 'B7 | Beth 8

| Can Pac Pes os ‘ies | Cent Pac 5s '’ | Exg Four iy ; 3ig Four 5s '63

Con Gas As

{ Chesa Corp A Del H

Grt Northern Grt Northern Grt Northern 4!:s ° Gen Stl Cast WW 51, Hud & Manhat Ref 5c { III Cent 4%;s ‘66 { Ill Cent Jt 4.5 "83 Interboro Rapid Trans 5s Internt] Hv Elec 44

iG CH

‘63

30 53 "52

Internt] Tel & Tel 5s Interntl Tel & Tel 4!,s Lehigh Valley 4s 2003 McKess ob 51,28 '50 Mo Kan Tex Adj 5s '67 | Natl Dairy 334s '51 Natl Steel 4s '65 Nickel Plate 415s Nickel Plate 515s N Y Cent 55 2013 ‘ | N ¥Y Cent 4155 2013 (old) ‘44

13.000 14...

N Y Cent

Nor Pac 6s 2047 ‘ Nor States Pow 5s ‘4% New Orleans Jerm 4c

'55 Penh Ry 4s

Portland Gen El 455 Para Publix 6s '5% Penn P & 1, 4'55 '81 Postal Tel & Cab 5s Rem Rand WW 4!,s Shell Union Ofl 3i4s Socony Vae 315s Sou Pae dss '68 ou Pace 412s ‘81 ou Re 48 ‘49 1 Rail 4s '56 seh Rail 8s '58 Sou Rail las Texas Pac 5s ° Texas Pac 5s '70 Third Ave Ad{ 5s Union Pac 4s '47 United Drug 5s '53 Us PIR ibber 58 '47 & Hart 8s '48 NY NH & Hart 415c 67 Warner Bros 6: '30 Western Mary 55s '77 Western Union 5: '60 Youngstown 8 & T 45 ‘61 Youngstown 8 & T 3's% 51

FOREIGN

'60

'53 '56 '51

£0

Argentina A 6s '57 Australia 41.5 '56 Brazil 8s 41 ‘ Canadian ove 4s '60 Denmark 415 '55 ‘ French 714s oT ; German 31,5 '8

DELAWARE

ge Corp. 105.20 105.28 105.2 105.3

105.2 105.3

g OO w Dt £5 OB are Ob 1a C05 O =n

Paes

'66

| she-s 1

2 | | er

+ | $8.50.

PORKER MARKET DROPS 25 CENTS AT STOCKYARDS

Large Supply, Slack Demand "And Lower Fresh Meat Prices, Factors.

Larger supplies, slack demand and |a poor fresh meat market in the | Bast created a lower undertone in | the hog market today at the Indifanapolis Union Stockyards. All weights were 25 cents lower with a top price of $10.30 on choice 200 to 210 pounders. Estimated re- | ceipts in 11 markets were 62,000 | compared to 57,000 for the same day | last week. Local receipts were 7000 and 552 holdovers. At the close weights of 160 to 180 pounds sold for $10.20; 180 to 200pound weights brought $10.25; 200 to 210-pounders were $10.30; 210 to | 225 pounds, $10.25; 225 pounds, $10.20; and 235 pound weights were $10.15. 15 4 Packing sows were 15 cents lower and ranged Irom $9 $9.60. Weights of sold for $10.10; $10; 275 to 285 pounds, $9.90; 300 pounds. $9.85; 300 | pounds, $0.80; 325 to 350 | 89. 70, and weights of 350 | pounds brought $5.60. | In the lighter divisions, 1556 to { 160-pound weignts sold for $0.75; 150 to 155 pounds, $9.50; 140 to 150 $0.25; 130 to 140 pounds, $9; 120 to 130 pounds, $8.75; 110 to | 120 pounds, $8.50, { pounders sold for $8.25. Steers, yearlings and slaughter stock were fairly active and generally steady to strong on a run |of 1400 cattle and 600 calves. Bulls were slow and weak to 25 cents lowSteers made a new top for the | season at $14.50. steers brought $8 to $11.25.

Lamb Market Steady

Most heifers ranged from to Common to medium beef Sos were $5 to $6, the cutter grades 5 to $4.75. Practical top for sausage bulls was $6.25. Vealers opened steady to 50 cents higher and the good and choice kinds sold for $10.50 to $11. At the close the early gain was lost and sales ranged $10.50 down. The run of 3500 sheep consisted mostly of fed Western lambs. was steady at $10.75. Slaughter sheep were steady. Slaughter ewes Hanged from $a. 75 to $5. 50; top, $5.75.

Sows Down Cents

to 420

HOGS Top Receipts $10.55 10.55 10 2061 10.45 10.2041 10.45 10.3041 10.55 10.064110.30 ht Lights T140- 160) Good and | Medium Lightweights 1160-180) Good and

FP 12 13 13. 1 1 1 L

choice

1» B»POD DO DID DIOIVD B»D

M (180-200) Good Medium Weights— 220) Good and 30. 250) Good and | Heavvweights— 1250-290) Good 1200-350) Good | Packing Sows-— 5 Good

DDD & 4 DrOD OO DD RID —— pt pt pt DWDN Ds

choice

! Medium \ { choice choice . .

re 2S

}

—

choice, choice. .

and and

D2 Sra

GO OT Ove

3D ea x DO ® 3S >

on = ra oR SHS D

15-55 Medium Slaughter Pig (100-140) Good and Medium

CATTLE Receipts, 1400

Choice Good ...:: Medium Common Choice Good Pan Medium Common Choice Good : Medium Choice Good

x 2

choice

Sea = D3 QR

(550-000) (900-1100)

11100-1300)

(1300-1500)

Heifers

Choice Good

(500-750)

Conon. medium. Good and choice . Common, medium

(750-900)

| Good Common and medium

Low cutter and cutter .. Bulls, good ‘oy Cutter, com,

Heifers—

Vealers ~-Receipts, 600 Good and choice Medium Cull and medium Calves (250- 500) Good and che'ce 6.007 Common, mediim 5.00@ Feeder and Stocker Cattle (500-800) Good and choice .§ 6.50@ Common, medium 5.50m) 1800-1050) Good and choice . 6.506 Common, medium. 5.50@

$ 0.506 11.00 8.0060 9.50 5.00: 8.00

$ 8.00

Good and choice Common and medium SHEEP AND LAMBS Receipts, 3500 Lambs — Choice . Good Medium Sommon Ewe 190- 175) Good and choice . Common, medium : (Sheep and lamb quotations on

Jha 3

»355

2 | basis.)

OHIO

Other Livestock

(By United Frets)

FT. WAYNE, Ind. Feb. arer; 200-225 ibs.) So. Hor “32009 250 : 250-275

Roughs,

y iB $7.25; calves, $10; lambs.

(Ry Times Special) LOUISVILLE, Feb. 18. —Cattle-—~Esti-mated receipts, 200: run includes 2 loads stocker and springer heifers; killing classes in light supply. steady; no fat steers or | heifers to sell above 87. 50. low cutters and | cutter cows, [email protected]: odd fat beef cows to 86: heavy bulls, $6 and $6.50, Calves— Estimated receipts, 250: Jtalels opening steady: more active! a0 choice | handyweights, 88.50@90, practical top, $0.50. mediunis, 86.507 8.50: cull and common underweights, $3@6. 50. Hogs—BEstimated receipts, 800: market opened bc lower than Wednesday: top $10. paid freely for best 100-250 weights: bulks, good an 170-309-1h, averages. $0.75@ 10: fat, 0 Ibs. at $060.75; sows mostly $86 8.60. Shee Estimated roceipts, 350; run includes ouble deck fat lambs on through billing: no early sales fat lambs reported; undertone weak: medium and gond ewes and wethers quotable $0@10: common throwouts, [email protected].

and

to 235 | to 250- |

and 100 to 110- |

Prices ;

Ed PDD

to $8.50, top 250 to 260 pounds | 260 to 275 pounds, 286 to to 325 | pounds, |

The bulk of the

Your Federal

Income Tax

(22d of a Series)

DEDUCTION FOR INTEREST

MOUNTS paid or accrued within the taxable year 1036 as interest on indebtedness are deductible, with certain exceptions, from gross income in determining net ine come. Such items include interest on borrowed money to defray personal expenses, and on money borrowed for the purchase of real or personal property. If a person owes money on a lien or mortgage note on his home, the amount of the inter= est may be deducted. Indebtedness, however, need not be evidenced by lien, judgment, or mortgage to make the interest on it deductible. Frequently indebtedness is evidenced only by a note,

” ” ”

NTEREST paid on indebtedness incurred in the purchase of obligations (other than obligations of the United States issued after Sept. 24, 1917, and originally subscribed for by the taxpayer), the interest upon which is wholly exempt from Federal income tax, is not deductible. Interest paid on loans on life insurance policies is deductible provided the amount of the loan is not used for the purposes previously referred to in this paragraph. Interest paid on behalf of a friend or relative where there is no legal obligation on the part of the payer is not de= ductible. In such cases the amount is the same as a gift. As interest paid is deductible, go interest received is taxable, All such amounts, including interest received on bank and savings deposits, must be included in the taxpayer's return of gross income,

EXECUTIVE OF SEC

| revealed,

| killing classes plain,

| mand

| light

RESIGNS POSITION

By United Press WASHINGTON, Feb. 18. J. Ballinger, Chief of Studies of the Securities and Exchange Commission, and an advocate of uncompromising Federal regulation of exchanges and markets, said today he had effective Feb. 28. His resignation had been requested by the SEC on grounds his post was being abolished. SEC sources however, that Mr. ger was the center of a controversy within the tion for several months.

. Other Livestock (By United Press) Feb, 18 Livestock Receipts, 22.000, including 6500 Market, mostly 1061 15¢, spots 25¢ lower than Wednesday's average. extreme top $10.30: bulk good and choice. 190-300 Ibs 810.156@ 10.25; comparable 140-180 Ibs mostly $0.25410.15, good sows, $9254

Cattle 6000 steady. influence; narrow,

org

Hogs

directs,

CHICAGO

Receipts, ealves, 1200. Most shipper however, 3 . most steers. and choice ofwith top $14.40 on price, 814.25

weakening continued dressed beef market lags $7.75@ 11.60; strictly good 812.50 upwards next higliest very little here of value to sell ward; quite a few eqmmeon light kinds turning at 88 down ito $7.50 eifers scarce and common kinds active at $5.75 to 86.75: light low-cutter cows very dull: some selling down to $3: strong weight

plain, a de-

scarce: vealers, 87.5008.50, only selects making 80.50 Sheep—Receipts, 11,000: including Practically no early indications around steady packers bidding unevenly lower on round; best kind held 810.60 and slightly above. Sheep. steady; handyweight Western ewes, $6 LAFAYETTE, Ind , 26@30¢c lower; :

directs.

fat lambs; with

Hogs—Mar$104110,10; 1hs., $9.60 170-200 lbs, : 130-150 $7. T6501 8.50; 810 down: West. native lambs, $10.

Mh 18

rotighs, $0 down. ern lambs, 810. 25 down;

LOCAL CASH MARKET

City grain elevators are $1.33 for No. 1 red wheat. grades on their merits. Cash corn, new No. 3 yellow, $1.02. Oats, Hay-<No. 1 timothy, $13.50@ 14; 1 clover, $1515.50; No. 1 first cutting, $167 16.50; ting, [email protected].

Willis | Special |

resigned | |

Ballin- | vigorous | anjza- |

killing quality |

at 813 un- |

cutters, | | $4.15; stocker and feeder trade nartow but | | supply

300 | trading on |

first | fed |

paying | Other |

44c, | No. | alfalfa, | second cut- |

SECURITY FUND MAY RESULT IN SHIFT OF DEBT

Present Schedules Would | Permit Absorption of 30 Billions.

By United Press

WASHINGTON, Feb. 18.—-Contine | uance of present social security tax schedules would provide a fund sufficient to absorb $30,000,000,000 of | the public debt by 1955, Secretary of | Treasury Henry Morgenthau Jr, | testified before a House committee, Amplification of Treasury plans, as announced a year ago, on the | basis of the Security Act taxes, dis | closed that if present tax rates con= tinue a huge shift in the public debt would result “If the law stands as it is, in the next 17 years or so various laws, such as social security, sinking fund and so forth will absor about $30,600,000,000 worth of public debt,” Mr, Morgenthau told the House Ap= propriations Committee, However, tentative plans were bee ing considered to change the pro gram for putting social security tax receipts into the general Treasury fund, | As originally proposed the security | taxes would go into the Treasury general fund. As the revenues piled up they could be utilized to aksorb the public debt. This would shift the debt from private bondholders to the Covernment itself.

New Bond Issues

(By W. L. Lyons

Argentine Rep, 3a 15 TH ese Assd Tel .

348 "66. 10" 50... '65

'40 ‘66

105! 2

i | Norwi ay . y i Ohio Fdison Okla G & E Okla Gas & E Inc Otis Steel 4lss '62 Pac Gas & Elec 3! Pace Lighting 4!',s '45 Peo Gas Lite Coke 45 '6 Penn Ry 314s '62 Penn Tel 4s '85 Sec 4,3 ‘46

048

Railway & Lite | Sou Kraft 4'is Wise G & B 3 Wise Pub

i) ‘61

. Produce Markets The prices quoted are paid gathered in the country, ies in Indianapolis the prices are 1 cent | higher. Each ful] case of egrs must weigh 5 pounds Rross fresh

IgRSs~=No. 1 | doz | breed hens, 5 lbs and, Jver; heavy, i

breed hens springers, 1'2 1bs. over Leghorn breed springers breed stags, 9c: Leghorn breed Ducks. full-feathe

heavy breed cocks, Tc {ered and fat, 5 Ibs. and un. 7c. Geese, | full-<feathered and fat. he. Turkeys, young toms, 12¢: voung hens, 10 lbs. and over, | 14c: old toms, 8c: old Jens, Be; a 0 2. 8c. Butter-—Creamery, No 20138 ac No, 2. 34',@351ac, Berto 1, 33c; | No. 2, 31¢

Serv 4s

for stock while for deliv-

riot 8 13e; feavy sof meated, 8c. Heavy stags, fe;

loss off,

Heavy | Leghorn breed 13¢

United Press) 18. Eggs-—~Market 8516 cases; fresh graded firsts, 22¢. extra firsts, 22c; Sixties, 10c; current receipts. 21¢; checks, 18% Butter Market, firm: recerots, 7284 tubs; extra firsts (90-91% score), 33'ac: 33'ac;

, 3461 34',¢; extra (02 score), 8 31346322 ,¢; standards, 33'z¢. Poultry Market, steady. receipts, 33 trucks: geese, 16c¢: ducks, 14@20¢; spring chickens, 19a 21c: broilers, 23@ 25¢; hens, 136117158: Leghorn, pl 3c: old roosters, 1261 13¢; turkevs, 157i Potatoes—Old Sham “supplies, liberal; | demand, slow, limited to best stock; mars ket, dull, weaker; Idaho Russet Burbanks, 83.406: 23.50: No. 2, $2.75 2.95; Colo« rado Red MecClures, $3.27 3.40; Wise consin Round Whites, 82.35@ 2.55; Miche fgan Green Mountains, $2.60, New stock: Supplies, liberal; demand, slow: market weaker: track sales, earlots: Florida bushel crates, Bliss Triumphs, $1.85, less than carlots, $1.85411.95 Arrivals, 78; on 315; 15.

(By CHICAGO, I'eb steady. receipts

track, shinmenta,

BUSINESS EDUCATION

Strong Accounting Bookkeeping, Stenographic and Scceretarial courses, Day and evening sessions, Lincoln 8337. Fred W. Case, Principal

CENTRAL Business College

Architects and Builders Building Pennsylvania & Vermont Sts, Indpls.

Zao i [1] a ( \ 17. Lu 14

DIESEL-POWERED STAINLESS STEEL

WESTBOUND Lv. St. Louis , Ar. Kansas City , This Zebhyr service fs s Nighthawk which leaves 11:59 PM each evening.

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DAILY SCHEDULE ~~

EASTBOUND 8:30 AM Lv, Kansas City , 4:00 PM 2:00 PM Ar, St. Louis 9:30 PM

plemented by the tione wt St. Louis and Grodin ”

FOR TICKETS —— INFORMATION ions *

R. A. Pearce ALTON Gen'l Pass'e Agt. 340 Boatmen's Bank Bldg.

St. Louis, 4

AMERICA’S

PON 2D VS NY

C. B. Ogle \ BURLINGTON Gen'| Agt. Pass'r Dept, | 322 N. Broadway

Mo. St. Louis, Mo.

TRAINS