Indianapolis Times, Indianapolis, Marion County, 23 February 1937 — Page 14

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Abreast of The Times on Finance

Wages Boosted January reports from 69 establishments in Indiana showed wage rate increases benefiting 10,300 employees. Raises in November and January affected 86,000, ac-

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J ™ ” NY iia > Roosevelt Still Is| PAGE 14 TUESDAY, FEBRUARY 23, 1937 cording to the Employment Review, v Intent on NRA, | N ~ . | Flynn Says. BUSINESS PACE | ~ New York Stock Exchange Prices PRICES TUMBLE New Business Books TAX COLLECTION | By JOHN T. FLYNN Available at Library || AN DIEGO, Feb. 23. — he ; y ng do a 1 the (By Thomson & McKinnon) | 11:00 Prev. 11:00 Prev The following new business President succeeds in packing j 11.00 Prev. | High Low A.M. Close | High Low A.M. Close (] books now are available at the the Supreme Court with appointees High Low A.M. Close | Marshall Tield.. 23 22% 22% 22% | Natl Steel ...... 20% 88 89 891% || business branch of the Indian-~ practically pledged to support hi Aviation— May Dept St . 62 61 61 01> (Otis Bteel 211, 20% 21% 21a : y bledg '0 support his Avistion Corp... 8% 8 8% .§% Mont War 2% 61% 62 62'. | Rep Iron & Steel 36's 35% Hn 36% apolis Public Library. measures, what use will he make of 4. 4g! 7 1 1, | Natl Tea ..... 10% 10%: 10% 11% | Sharon Steel a 30h 31 Sih TTY - ] Boeing Aircef 46's 437% 46's 43a 1 1 1 7, "1 3 4 this pr Curtiss Wright . 73 71 73 mn Denney J 5° woo 981, 09 99 991» |U S Pipe & Fdy 67'2 66% 67'a 66% THE NATIONALIZATION OF B\ 81 11s power? g 8 A . 4 Saf 2 v ! v 8 5 3, 14 I y Curtiss Wr “A”. 21 204%, 21 201, |Safewa 447, 43' 43% 454 (U Steel ... ...113% 110% 112% 114 NESS, 1878-1808, by There seems to be little doubt Donglas Air .... 61% 66% 67% 673% |Jears Roebuck . 80% 881. 89 803 | War Pipe & Fdy 44a 44 adv, 4374 An account of the Lied bt Ne ok that one of the things he is most Nor Am AV ..... lo 10 6 13% Yr, fi wiih 5° ws 5% ¥ Songs 54% Th HB pn Bh business see country : iy a . A - 1 1 perry Corp . ; i a 8 ubbers— extiles— an resulting maladjustments. : : interested in is the NRA. It has Gains at Present Rate Will United Air Lines 2143 2012 21% 21a Firestone ... 37% 37% 87% 37% | Amer Woolen ... 13% 127% 127% 13 Porkers Drop 25 to 35 Cents Survey Shows Delinquencies been obvious since the assembling | Un Aucraft New 31 30, 81, 302 | Goodrich 41% 40% 40M ain Belding Hem... ith ita la Hal : : oP VW, PERERAL, RESERYE " of Congress ause Dearth by 1940, To Stones i 01 300 33 40° | Celanese Corp Hh MHC fh s Receipts Climb to CONTROL, by Rudolph, I. Welsman. In 190 Cities Down for . NCL h ubber pfd 114% 11% & 114 = 114% | Gotham Hose ... 11% 11% 11% 11% : that the Pres Board Sa S Grosiey, Radio 2 2 2s 5 CL RR a A CO AI Aver ... 31% 37un Tin 3750 13 000 for Da monetary and banking system, the Thi d Y for tacos tw | 5 forwe ine oo je Jb fF fh AUS ChlRE mw om BM Tebaeoos— ys experience of the past lew vearé and ird Year, v . 1. SO to} Rig Radio Corp... 12a 1G ls YHA /Am Mach & Fy 28 243 24% i | Am hss” “BAS 0% M% 08% _— anh Comelling Torce, emerged (he re-es S e i . . ny Sa 4 4 8 nchor ap ) 2 225 ) { { ! f r » NRA Times Special 30th Century Fox 334 3.4 Bn Burroughs Ada. Cage Sav 3418 3414 Ligg & My “B" lit ln ili 1d The trend of light supplies in the || New Federal Reserve System Times Special His reasons | NEW YORK, Feb. 23.—Continued | Builaing— Contl Can i 128. .. Philip Morris .. 8312 83 B83 #95; | hog market, which has prevailed THE ART OF CONVERSATION NEW YORK, Feb. 23.—Tax collec. to are several] |increase in business activity at the | Am Radiator .. 27% 27, 2 21% Guterpills: Tract Hi ga gil gala Roya? mon Bn. 85% 55% 85% 56% | for over a week at the Indianapolis || ANVr SY Mier Weieht | Foan we || tion problems are becoming loss adi arber C : k/ 3 “ie § ; , 1 Bist the NRA |same rate as between 1933 and 1036 Hollnad Furnace aa 40%: Al's 0s |Qurtis Pub ..... 19% 18% 181% 195; | Utdlities— Union Stockyards, was reversed bv conscious effort acquire the abili- acute in the majority of communis Wo lle ene [Will 7 Lon gh 8 6 8 Pee £00 Cb dl an a Am & For Pwr 13 12 law 13 [today and prices tumbled 25 cents HY Seay SRONY, ERterRIIRRIY, along great measure Wi fog : , Ni Sr So hs Sin n,m. En ER. ’ 1824 i 0% 8% Am FowEr & Lit i 1fe1s 118% 171% | TOF all classes at the opening and WRITTEN COMMUNICATION Ww ies, Ae Mumitipl Sevviee Departs y . high I - | Otis E TL 41% 41% HN 2% . 4 48 48% | Am Wat Wks .. 261: v : Brads i - Of his first two | Sn y Drovabe 3 40, the Na- (Quis Blt%ros oo. 3s A 95% | Ingersoll ‘Rana 141° 139% 13512 138° | Col Gas & Bei 19: Ihe 11s 18 Slots 35 cents Jower on weights|| AMERICA. by E. A. Duddy and M. J. ment of Dun & Bradstreet said to vears over- | tional Industrial Conference Board | Chemicals— | Inter Sav Reg. 108 104 4 104 Comm a Sou .. 3% 3a 3% 39 | & ve 200 pounds. gether The different ction yo busi- day. 3 s, ; ; \ i : 3 3 3 nsol Gas 43% 43% 43% 43 eceipts ® c : shadowing all |said today. Alr Reduction. Bie JL JT n, | Quens Bottle .. aR 15% 4 10 | Elec Pwr & Lit. 231 22% 22% 23% | 5000 pe a Bes A tablivy relations With sources Collections on the year’s tax levies Mr. Flynn others. The | Basing its conclusion on the re-|Am Com Alcohol 27% Dogerwend Bi 4 $s 8 os os | {nterbore R a 11% 11'a 12% e Sy x : of labor and materials and with i d i i 1, . > ‘ . " . ; 2 52 8 Int T 14 133; 13% 14% | 13,000 were receive widely scattered buyers of its prod- continued to improve in 1936 for the President him- {sult of a comprehensive study of un- EO aay CLs» | Wokitgen Pusb Wa a de Gn | NPs Lit 120 12% 130% 13% | forced prices dow d and buyers Mets. ® Tt promotes associational ac< || thi d successiv r, the d t self regarded it as the one big revo- | . Freeport Tex ... Seeelse | RO Ae 395s Jon, 3 Si ed prices down. Receipts in 11} tivities and links the organization Iq successive year, ng Uepafte lutionary movement of his regime. | employment and business recovery, Lu ean Am Roll “Mills 1 38 187s 30% 30% | Beonles Gas 61 3 61 te DE a tale - . Ny THOR Soll 4h 8 WAY OL RR es Its collapse has been a serious blow | the board said that this would com- {Natl Dis (new). | Beth Steel ....00 95% 92° 82% Bis |Std Gas Voor Bw Dw 13w 1A | Be re a ii Wee Tay INCREASING | PERSONAL, KIxhd | | linquencies of 190 cities covering the to his pride and, he doubtl fool bel @ ; | Schenley Dist. | Crue Steel . 15 18% 73% 24% | Sane & Webster 30'a 30's bv 81 |1ast week. y ; 36 inclusi Wp 3, ess feels, |1 drastic reconsideration of ie Gult_Sulph 40° | Inland Steel . [133% 123 23" 12314 | United Corp 7 m 7 7 | Receipts of all classes of hogs Palio. yours 1930-1536 inclusive, 11s place ir story i fo odie Noo . nion_ Carbide 9° 93 » | Keystone Steel... 18! 1 3 | 3 XS 5! 5 Ay i | a 9) | 4 i 'erag start ! a tory. He itches to | policies affecting working hours, em- | U 8 Indus Alco. 392 38 © 89%; 391, | Ludlum arent: 35a [3% 13% 18% (Un Gas HAD... 104 13h 135 1, | cattle and sheep were approximate- | ‘Compared wiih an average peak sti it again and to make it work. | ployment and improvement of pro | Am Home Prod. . 50 50 50 50 | Mid Steel 461 46'% 46% 48" | Western Union 13 7° Tan 74% |v 93.000. th elargest day's run for ica 0 toc S delinquency of 2635 per cent in > & % | plo} - | Wruys— - : —————— EH) BE: HS Chi g S kb | 1033, the average for 1936 was 13.9 ESIDES this he believes in jt. | ductive efficiency in industry, if the Bristol Myers ... 45% 48% 45% 45) lover three years according to the < A dd | pe : ; said { . « , stry, | Bi { : r cent, the Department said, ML ; : ara Tl | Lambert 28 23 23 23! oc: . - [ | ( tkins, Hamill & Gates |p B To social security, the Stock | American standard of living is to be Lehn ~& Fink le Tow 10% 1813 ~ New Bond Issues jie A Nie of the Department of | By Atkins, Hamill & Gates) | There has thus been recovery, the Exchange Act and even the spend- | maintained LE AIRe Is 3% 43% 43% 43. | Y F d | A.M. close | study pointed out, on the average x : . | Walgreen . 4&4 46) 1 46" > y : y Jo ) 4 ge, ing program he gave a slow and The study further emphasizes that | Yh DruE (@ew) 14% 1412 14% 1403 our cacra (By W. L. Lyons & Co.) Vhs. He rp ig yg 18 pounders, Advance Alum ........ ree 0% |of three-fourths of the ground lost reluctant support. The NRA he be- uh. sizes that | pquipments— Bid Ask || +) 0 pound | Ashestos Manufacturing ... » 3% 3% since 1£30, when delinquency stood lieved in with il his coud. He still | there are no grounds for the as- Am Car & Pdy . 67% 68 B85 671 arene Reb 4 807) Whey a8" 09 | weights brought $10.20: 200 to 210 | Associate Investors ...... ve BBY BT | op only 10.15 or cenit q ! believes that the way to make ow | umption that the United States is | | Bala Loco OR Ty ncome I AX || Assd Tel as 85 CL. 104% | pounds were $10.15 to $10.25; 210 to | Athev Truss Wheel ....uwvunen 18 13 hh : svstem work is to organize business | destined to carry a permanent body | Gen Am Tnk Car 81 : 801m 8) 821 < |B Clty SoS sales aia 2814 08% | 225 pounds, $10.10 to $10. 20; 295 10 | | Basan BIesSSINK «asus shane 3 32 | Collections Exceed Levy ‘ . . : o of unemployed at public expen f en Elec «vx 80 59a 50% 60°s TN BR ABB. an ” nid | 935 d 0 { Berghoff .......oivvvninansnns v 13% 3% | . in tra 5 3 se, 1 A ¥ | Calif Oro Prw 45 "66 ......... 7 971% unds, $10.05 to $10.15 and ; n , : tr de groups and permit them to Business recovery DD in thy | ge R R Sig wh 81% 804 id 82% | Cent Maine Dwr 45 60. ovn..103% 10412 | one of 235 to 250 d | Butler Brothers 16% 16) ,| Of particular significance, Dun’s regulate what they are pleased to next foul ors AR Ss Ir e Do I ane ou N= Be Bo a9, | (26th of a Series) | gent. 0 Maine Pwr 3155 *66...... 96% 97 $9.95 to $10.05 pounds were | | Central Hiinots tub Service... 8012 803 | said, is the fact that of 150 come : — ao ¢ Sr ie 3 . < < < viele s 0 ¢ 0, 91, ’ rr TB 8Y48 "86... . : RK 4 J . MD curren sian . v - ee aes. The |i the past, Or even t the Tate A wearer» 2 Wf OB wa Cleve Trictor 53°43. 190 Vealers Down 50 Cents | Commonwenith Baixon veers. . 123° 410 parable cities, 46 or nearly ones resiaent also wes tT y y i 4 ey ; ’ 0 v | BE Sy > nm J J § ommonwen son 3 DL EE a Jw, | irancint= || AUTOMOBILE DEDUCTIONS ||Guday' Pix is 50”. 01000 | Gomsoljdnted Biscuit #1 "ja | third, collected a higher percent io B 10h ANG SWpROTE 1 Employed Now 42,920,000 | Adams Exp 19 18% 18% 18% | ITH th Elc Auto Lite 45 52.....0. Packing sows were mostly 25 cents | | Gord Corp : (3's 2's age of their current levies last year prices to keep the country pros- . aN | Allegheny, Corp. dl Be yi 3, ‘the number of auto- || HeeA oF, pe why lower and the bulk ranged from |Cunningaam Drug’ 257% 26 |than they did in 1930—when the perous, ton Le | The average number of employed | ami cGub 0 Bs we BC asl mobile owners registering | | Indpis Water 31s “66 .. $8.90 10 $9.50, a few at $9.60. Weights | Flot, Maxshal 3 An | heavy increase in tax delinquency " er hops Jie has pe) er been a | workers in 1936, according to the | Ghesa Corp, i 87va 86% 81 Sha | in the millions, the question of | Kansas P & L 412s "65. lof 250 to 260 pounds brought $9.90 to | | General Kon reas Tra. oh od » | had not yet started. This is attrib more completely mistaken €CONOMIC | poorqog estimates, was 42,920,000, | Lehman Corp. 13 120 120 121 deductions for the cost of ||Koppers Co ds '5i gin 10: 260 to 275-pounders sold for | Jarvis WB rr sereeseens 30, 33 | uted largely, according to Frederick creed than this, but this is not the | Contir : » uy NE 167 16% 16% 167 {| operation and maintenance of | Long Island RR 4s ‘40 ( $0.80 to $9.90: 275 to 285 pounds | Ki org s3urauaiune . 13% 33.1 | L. Bird, author of the survey, to 1 i i Q b y S 1 cai | ™ So | . . . y 3 { c 4 ’ iY ' | Ken~-Rad Tube .... ...csvenss 2 1 : gi eS vy point. JT pei is that the Pres- tinued increase, the board A “ oh Ey ol a motor car frequently arises. | Mengel, CV hal > 2y T00 102% 123 |S, to $9.80; 285 to 300 pounds, | Libby Monell and Libby seeves 14% 14%, | more efficient tax collection admine Jour Mavs it and wants to re- |in the total volume of production | Armour Se Sw Pv Gow BE ' The purchase price of an au- Metro Ed 4s '65 .l..106% 1061, | $9.65 to $9.75; 300 to 325 pounds | Lincoln, Printing EY Yeh vary il. 1815 | istration, ew it. : Borden Prod 26! 26" 26! 2655 | omobile, whet it is | Minn Gas & Lite 4s '50.......105 ; 55 I. = iz navy . : or ieht vear NL wre Pridaunn His & Vee end trade and of output per man- | go Backing ie OB | Ee ie Nits ° ai | Nagra Elec FAL 1031, 103% | $9.55 to $9.65; 325 to 350 pounds, | Loudon“ Packing »..evvvvyyr 2h hi d For the second straight year, tostrong affinity for that element in |DOUr at the same rate as since 1083, | Ent Bak, A" -- §3% 4 BBR] cannot be deducted — re, iN Tec Ons a esa OK DN 35. NM Yul 330 0 400- | Mowe CTD Gk fan{ Val colketions, tie Survey seis yok BUSINESS which may be called the | with the currently prevailing hours | Crm of Wheat 56% 36% 36% 61a > e om gross | |Ghio Edison 3%s ‘72. . 00 + 100% | pound class was $9.35 to $9.45. | Nol Td LA 3% i Bi current and delinquent, exceed the middle group We are always get 5 work, would require the following | Hg Wr ya 1a 31% 11h i el for business. it i | Okia Gas & B “Ine 39 (s "66 .. 101% 1017: | In the lighter divisions, 155 to 160- | | 8% it Inte ptnaponal Si HEN vurten: Jeans jo in Ue averaee ; 8 . always g number of workers in the years im- | Gen Food 17 (IEA us siness, S$ & | |Otis Steel 42s "62 Rw | pounders brought $9.75; 150 to 155 | Bian Radio Prod .. iy 31% | city, The ratio was 101.8 per cent ting confused about the meaning of | Foods .....43 = 427, 43 = 43% || capital expenditure; if used for || Bac G & Elec 3's '66 100% 100% | , : 0 ou) Fl Rudi Pred Te " ta | mediately ahead: Hecker Prod .... 143% 1d'a 1i%h idle A » 12 used for 1). 0 Dighting 414 : : : * I pounds, $9.50; 140 to 150 pounds, | Walgreen 471i. 46% | in 1036, compared with 1014 per the term “businessman. The | Loose Wiles ..... 39% 39'2 39% 397 leasure. it is a 1 ac Lighting 4 45 coo 1037, . Dy Wee : p Sy | William Oil-O-Matic 105 11 di ; ; ; 1937 45,515,000 Natl Biscuit 39 31% 2 Sal] PRGRSEre, TV personal ex- || peo Gas Lite Coke 4s '61 . 0. 0! 08 "$9.25; 130 to 140 pounds, $9; t d . 10% 131, [cent in 1935. P Fosigen is Fo Nog hot Bpsin | 1038 48.335 000 Nod Bigouit oo gfe 3h» 3h 31] penditure—both deductions be- || Benn RY, Jas, 62 - 109 | 130 pounds, $8.75; "No hd i , mR 3% 38% Total collections fell below 95 per husinessmen, but he is very strong- { a Co rte » Li uInY Purity Ba 213 21 213% 21Y ing ex ressly rohibit { ,8 i i _— ly for them. He is against certain | 138 setevgee. 51,418,000 8, Dope Rico sug de B®, 3B, 3304 on or tax Fe 0 by Ye | Sot Kraft 47as 48 ss an 50, and weights of 100 to 110 | Set of the ie levy in only 14 ae Ain RE | ably oa 2.000 rands .... 51% 15% 15% I . | Wise G & E 3's "66. .... 103% | pounds were $8.25. Y | cities, an indication of how the big businessmen who have been | 000 TRAC 54.302, Swift & Co . 27% 21% 27% 217 y i y is : ! k C b against him. But he is for business- Taking into consideration the net | gid Fue 1: 85 2 iB oo | metro I PIRI EEL ihe Stigers, yearlings and hoifers were | ew or ur {Seat BOW Jtom, (he delinquent g - § SINess Eu : ; : uit . 83% : 3 3 e | wr tax reservoir is cont y } men as a whole and for those big Fi gi he labor Torce Household— with the cost of maintenance || Local Livestock ey ad oer Rn , Ne (By Atkins, Hamill & Gates) , _. |balancing of ning tne businessmen who might be desig- | due to the addition of new workers col Pal Peet ... 20% 20% 20% 20% and operati ; ike, Toss VISA B To%en "eat S : fore by sines ; sig N D : y oh 2 34 peration of an automo- : ities A M. close | said nated good big businessmen. Tt is with increase in the population, the | E08 Gamble in a3 aan 44 bile. used either for business or vb Bulk HOGS Ric | having changed hands near the | pajuminum Co of America 18%, 162 | py t citi : the old distinction made by the last board estimated that the total num-! Servel Inc 3i9 Sise Sik a3 pleasure Ir S10. 3000 10.55 rok eceipls noon hour. Cows were steady to | American Cynamid 'B' .. 2% 33% | most cities, the survey indi= Roosevelt between good trusts and | Per of available workers in 1937 Sitincns Bed - St% S0% 5% SEN | If used exclusively for bust- || 15. 10.054 10.30 10.32 000 | weak. Beef cows ranged from $5 AMoitun General fn RjalSuied Jr WA no: be any ise bad trusts. | will approximate 53,200,000; in 1938, WMitogiomd Y43 ya) "5 ness deductions mav be taken | 3: ai 3 10 Hy 1900 to $5.75, the cutter grades, $3.75 to | §ransas, Najaral on 2 Ln 1g Jngush Witimate Wheel Rctabile . @ - Ka Jun ..... 3 2 5 5% Sy ) / : “of = 5 : 7 i um Steel ........ sve s t . 350000; mn 1ose, sesobooe; and fmtn oi gn gre wv ani ou con of gasoline ore. [|B SHEE RE JIT Puls ere Wonk to 28 co chin, Sa % 48'% pression. While the 1033 “axes wore ) ; . m Smeit ...... " 3 y i ide 2° rer : ; | C 20 Flex f es : . , { al y EMEMBER, it was one of me |3n 1930, 55,200,000, | Anaconda Ss B30 841s 83 Bin pairs, garage rent, and other | Light Lights IBwer. Top sausage offerings | CORES 1 aan a re on the average 235 My ere, biggest big businessmen who | Shortage May Reach 1,600,000 | Sal & Hecia oo Bi 13% 13% 13% |] necessary operation and upkeep || 110-190 Good and choice 3 3.00@ 10:35 brought $6.50. § Consolidated Copper 27 | collect Oe Fk ns headed the NRA—S. Clay Williams, | : Te Be Basen J I on abs expenses | Lightwei hts. TR Tribe 8.50@ 9.85 | Vealers were 50 cents lower and | GOOpeT,Bessmer, o-oo: Ev lo ae ed at the close of that vear, 1 , " 3 ams, ‘ > ¢ : 734 | ses. s ¢ 5 1er Lea 4 , of the Reynolds Tobacco Co., and | Subtracting from these figures Gt Not Ore ..... 22% 2213 22s 2 | Depreciation, based on the || (160-180 Good and choice.. 8.850 10.20 the good and choice kinds ranged | | Electric Bond and Shave 26% they Semained only 4.4 per cent un=- { 3 % ' 3 fn n 3% 1 ’ h edn R another big businessman, W. Av- | the estimated total employment in| ins copper ..... le 8802 B81... 87 || cost of the car and its estimat- || (180-200) Good and choice 3 9.906 10.29 | from $0 to $9.50. Receipts totaled | hay A Hm oN oH) he close of 1936. Those erill Harriman. chairman of the |€ach year, the board estimated that) Int Nickel .... 12%, J0% 31 J || ed useful life, also is deductible. | edim, We om vo 9:50410.00 | 3800 cattle and 900 calves. | Greenfield Tap and Die ..... 130 | Cites Which are heavily dependent Union Pacific Railroad and a big | under the assumed conditions the Kennecott Cop I 65% 64% 64% 64% | (200-220) Good and choice. [email protected] Lambs were steady to Strong on a | fumble Oil and Refining Co . 8 26% on Stren property taxes and Wall Street investment banker, who | total number of unemployed, or the Nef JOO BE BL 8, 8 YE | jyo220.200) Good amd choice.. [email protected] [run of 5000. Choice fed Western atctnat ional Vitamin ........ 6 oe evied against premature subwas next in command. total available labor surplus, would Bark k Gian LE Gm Th en THER deductible items are || = (250-200) Good and choice. 9.8010.05 lambs sold for $10.75. Slaughter | No ie taonm over 38. Ts Jovever, are faring less Right now many groups of busi- | average approximately 7,700,000 in |g *% To0&° 4 362 D8; BBM as follows: Sums paid (200-350) Good and choice.. 9.35@ 9.75 | ewes were mostly $4.75 to $5.50; t Rustless Tron and Steel 16% y In this respect, the survey ; ups : -E 541, 55 541} : | Packing Sows— OY Ne 0.00; TOD, | geal Lock 35, | declared nessmen are clamoring for the re- | 1937 5,600,000 in 1938, 3,100,000 in|U S Smelters... 93'2 912 91'a 93 during the taxable year for || (275-350) Good 9.40@ 9.60 | $5.75. Re LURE AAS had Sy ' turn of the NRA. The President | 1939, and a little less than 400,000 | Vipadium ...... H.R. on, tation fees, drivers’ li- || (330-428) Sood 20d 0-20 es 8fundard Of] of Ohio 215 M “1 . 3 i A Qo | aan =D 10(¢ . a B0@ 9.2 - } y : wants to do this for them. After in 1940. : | Avburn 52 33 32 a1, || censes, personal property tax, Sieiter Pigs 3.25@ 9.10 Other Livestock Brare Motors on ie oney and Exchange all, he knows he is skating on thin oe Heard [Oommen ont Yost THIS | tis 128s 128, 138% 130}s | and municipal taxes; interest 1 0-140) Good and choice . B8.25@ 9.25 | (By Times Special) | Fine vain 20 aart | INDIANAPOLIS STATEMENT ice in banking on the continued | ¢Stimates make no allowance for! Graham Mot 4% a R42 BG {] on money borrowed for the | Medium +» 1.00 9.00 LOUISVILLE. Kv.. Feb. 23 —Cattlo—Esti- Woodley Reh roleuin AAV 10a Sienrings ‘e $2.855.0n0 support of ang He did not come | any temporary unemployment due | Hudson rick “res 31 Bi il gi | purchase of a motor car, either { CATTLE Sg MR 300. Wh includes 3 loads | EE Seba is— 7.086.000 dek 0° ou . ab" : i R0( steers ug “jv 1 out of the auto strike any too well | to seasonal operation, sickness, Or | Nash . : 2315 23 23 9355 for business or for pleasure; || —Receipts, 3800-- Ang. $9.65 market: supply light! Cn I a TREASURY STATEMENT with the C. I. O. as insiders know. | short-period shifts from one job to| Backare ANN 1 11% 1 1s loss sustained by reason of (500-500) Choice Teianeaes $1) 30413. 5 Jil} Sree Sly all killing, classes: part nvestment Th usts (By United Press) vw is x v ! ve vo N : 7 : 5 x | FOO vii ienannn los good yearlings, 8 r _ 4 The truth is that the President | Sno ¥ The best available esti- i Studebaker 1908 18% 18% 1 damage while car is being used | LY erase nn a 7. 25a 9.00 | medion short feds. £7.50 to I (By Thomas D. Sheerin & Co.) DE I ON poOvErInEn ed ls verv . +3 | S ‘ : 31° , i oh i wv TERRES down to $6; cutter gra 5 8. $3.1 ain i “ 8 vo current ca feos very much more at home with | ma e Oo he number of workers | valiow “Truck |. 31%, 33% 33% 34% | for business, provided such loss | (000-1100) Choice StIE ‘Dect Lutter grades cows. $3.50 te ™ : : Bid Asked | year through Feb, 19, compared na 3 hese “good” business groups than | Who normally are not and cannot| Motor Access— is not covered by insurance or || ANNAN $6.80; stocker trade slow. Chlves— | Agministercd Fund od _...... 20.57 318800 ROT amie with John L. Lewis, who has not | be employed for these reasons is Bendix 21% 97% 21% 28% || otherwise; damages paid for || Common Ee i hus Lohint | iris Snror.. 9 Las Expenses , $4.648.078.118.02 84.645 165 407 2 seen any too much of the Presi- | continually around 2,000,000. | Bohn Am C4 41h aA 1s] injury to another, provided Chiat 1; (100-1900) Seize | from $8.50 to $9.80: some interests not fol- | AR THE Aion 2591 28 12 Deficit. 3.005 396.948 73 5.346.080. 130.3: dent or many months. If this number is subtracted from | Budd Wheel 11%. 1M 14 1% || the car was being used for || Medium. {and mediim grades. pe On ned i | Century Shares Trust va eas 3049 Cash Bal. . 1.565. 714812 03 1 20.300 300 3 It will be remembered that the |the figures given above, it appears, | Baton, Mfg ..... 3304 2% 23.2 32] business at the time, and the (1300-1500) choice 5 | Soints, 800. opening around 20 to 23¢ lower EOD AA, OF A moll br | Gold Res. 11 081 86015 10.158.001 28513 IR ; . . ‘ < /2 . ” | x . 7 5 SOY Or 4 2 . i ' { NRA was declared unconstitutional | the board said, that the total ac- | Gran Rew . 42 a2 4210 42s | damage was not covered by in- || Hatters than Monday ior a 190 to 32.40; ayer Corp ore OF a a) nn Hh 24 Customs 3,818.45 24% 061 Ln " by the Supreme Court by a unani- | tually available labor surplus would | Houdaije .. .... 23% 23% 20% 23s|| surance or otherwise; and the (500-750) Choice 0. 300 lox. $6.85 to “$10.05: “lighter weights | Diversified Tastes She L@. 13.40 - Lo mous vote. The Court was a unit | not exceed 3.600,000 in 1938 and Motor Wheel 2 24% 245 24% || amount paid for insurance on 5 RR 1 9.50 | Estimated receipts, 100: mio early sales: fat | Diversified Trustee Shs “D".. 800 885 . General Bankin n holding b { 00.00 |S tew Warner 19 19 19 19% | 4 v Common, medium. Sa 8.25 | lambs good: ewes and wethers, quotabl Dividend Shares, Ine 2.11 2.28 in holding that the NRA was an [1,100,000 in 1939. | Timken Det Axle 27% 21% 21% 27% || motor vehicles used for busi- (750-900) Good and choice . 8.257 10.75 | $10 to $10.25: choice abs 8 e SHALES, TAG. vyvviyar : $10.25; choice absent, quotable $10.50 | Fundamental 26.21 27.66 abdication by Congress of its sov- | In 1940 there would be a deficit | Thx en Roll .... 73% 73 73 3% 1 ness purposes. Common, medium. 5.50@ 8.25 | or above ay : n | General I CEOrS ooonorieee 74D 8.15) ereign powers—an unconstitutional or shortage of 1,600,000 active) ise | Cows oe s Incorporated Investors ...... 31.43 Dependable, Courteous Service d 3 A tole Amerada 100% 100% 100'% 10874 | | Good . 8 6.00@ 6.75 n . a | Market St Investment Corp.. 37.81 40.20 | delegation of power to the Presi- | workers, if the volume of produc-|a:l Rig 3414 : ‘dav a ) ro uce | lar els | y ) Y er : $ , if the volume of produc-| atl Rig ...... 34% 340 34a 3d | | Common and medium 4.75@ 6.00 | | Maryland Fund .............. 10.68 11.67 N dent and the trade groups. The | tion and trade and the output per Barnsdall ...... 39 31% 31% 32 "i | Low cutter and cutter : 375@ 475| (The prices quoted are paid for stock | Massachusetts Investors .... 30.48 v4 BANKER I > ad : . . Consol Oil ...... 16% 18's 18's 18Y | Bulls, good . 6256, 6175 | gathered in the country, whil - | Mutual Investment Fund .... 18.30 20.00 Se RU Frias ay ay be sb o a I to reas font of Del 4342 4:3 $32 445, oca ecurities | Cutter, com “ SR 8.25 | | Fas in Indianapolis the prices oor Po Notion de Nouns Nes 2.31 2.47 ANKERS RUST $0. rame a new 1 statute which | annually till that year at the same n_ (new = I ¢ 15% Vealers | higher. Each full case of egrs must weigh merican Tr Shs 1858..... 3.81 Co will be less unconstitutional, but | rate as since 1933, with working | Ono ON ™ 101s 23 Fiat Sl! (By Indianapolis Bond & Share Corp) | —Receipts, 5000— | DO Ro TP Sikiculy fresh. Juss oft, The Ne or LUG Retell YEN es he knows that he cannot get it by | hours maintained at the 1936 level, | Pet ‘Corp. ....... 19% 18% 19% 107 | The following quotations do not repre- | Goodand choice ............ $ 8.50% 0.50 | 99% Quarterly Income Shs (new) 10.33 21.18 | We . : ¢ ~ i | Phillips Pet .... 53's 52% 525% 54% | sent actual bids or offerings, but merely Medium Ce ae 70040 8.50 |, Heavy breed hens, 5 lbs. and over, 13c; | Selected Amer Shs, Inc (new) 16.32 17.78 | the Co bv adding a judge or | according to the report. flvmeuth oil 20% 2a 2 26% indicate the approximate market level | Cull D8 TREE oes 5.000 7.00 | feshorn breed hens, heavy, oe. eavy Selected Amer Shs (orig) 4.35 vy) r e e ® two. That's why he wants six | Even if working hours should in-| Quaker State 9 13a: 20” Calv LR ER en MBA Bis BILE He or d lait. a N a . te .. 17% 173% 17% 18 | based on buying and selling inquiries or | T alves 13c. Leghorn breed springers. 8c. Heavy | Selected Income Shs , 588 El 9 Copyright, 1937. NEA Service, Inc.) Sram, ye B the Same He = Seaboard of ... in an ale 42% | recent transactions. (250-500) Good and Choice ' e000 1% be stags, 9c, Le ghorn breed Stags. ec: State St Inyestment gop. 132.50 wit] » 7 etween an e board | skelley Oil . 43% 43% 43% | BONDS Feeder and Stocker Cattl : ered and fat. 5 lbs. and up, fc “Geese, Re se BIC rR yyy ATR # a r r i Fruits and Vegetables 8 n in 1 x| d and choice § 6. full-feath irkeys, Young | Trustee Bland ON 35 2 son | estimated that these would be a 8° 30 . 18% 18% 19 Bid Ask | (500-800) good and choice § 6.50@ 8 50 | ull-feathered and fat, 5c. Turkeys, voung | Trustee Stand Oilshares “A” 8.30 | {Quotation below, subject t | y O of Cal 49% 49% 499 . | mmo 5 50@ 6.50 | toms, 12c¢. young hens, 10 Ibe, nd over. ip { ry 0% A Ly RN ow. | Subject to change, are | | shortage of approximately 600,000 8 2 of 487 487% 49's | Git Ind Tel (TH) 41a | 81 - 103% 3024 | (800-1050) eam) on, medium Shoe 8.50 | tg; ‘old toms. Ac: old hens, 3 Ro: ” ae XTrustee Stand Otishares B’ 8.95 Established 1912 ; gers Pe a al bg HN extra | workers in 1949. Tovas Corp o 533 23 S404 | H | H Tel & Tel Ft W 8s "43 ....104% 106% Heifers— Common, medium. 5.509 8.50 No. 2, 34%; @35%s0, ph A. dbs ge 3c; 1115 CIRCLE TOWER ney, 110s, $4 3; California Avoc ad )S. A I I br Assn... 21% 1 21 21 | Ind Assoc Tel 42s ,85 yu 104 106 | “560d and choice .......ve 5.75@ 6.75 | No. 2, 3lc. | | Yd Ra ANI | Unlisted Stocks me Ch BR Bn Ek EE a | en was — “Apples, No, 1 Indiana Delicious, | niiste C | Kuives . eS hak NOSE YODIL | : ! (By United Press) GOVERNMENT V s up, $2.50; No. 1 Indiana Goiden | ae wit Was : | Indpls Water ‘Co 3ios '66 ...10013 102}2 SHEEP AND LAMBS ; 3 NT BONDS 2% in se < y | : . TH 145% 74% 1 5 | Interstate Tel & Tel 5%s '63.. 99 101! CHICAGO, Feb. 23 -— Epgs ~~ Market 2¥2 inches’ up = o- ; Fear-| (By Blyth & Co.) Ask | Atl Const, Lines 49° 40v, 49Y, | Kokomo Water Works 5s '58..102 10475 | nabs --Receipts, 900-—- steady: receipts, 10,525 Ca (2 days): FEDERAL AND Noles uD Lao: Sb. 1” hw | mankers ‘reust sk | S TY 28 27% 27% 28% Morris 5 & 10 Stores 5s '50...100 103 2S hotce $10.50 10.7 fresh graded firsts, 22¢; extra firsts, 22c; 4 ] av, 212 inches up. $1.15: NO. 1| Chase Gh a Ohio... 3s dass 64% 681s Nobles a 1 Bo ‘es. 103 | Good ...lllillll AY Yi: wurem. YevwMs, 20%! JOINT STOCK LAND inches up, 82; No. 1 New | Central Hanover ...... Chi & Gt W.... 8 sds 3% | Ohio Tel | ar q 2] MEG vv ere 8.75 10 Butter—Market steady: i BANK BONDS ls, 21; inches up. 82. Lemons, | Chem Ch SG W ptd 18% 18% 18% 13.0 | Remmond ow W Bs 57 ll ; COMMOR » +> ene ER AINA dmg Mg ARE Rg pre S, i Limes, Mexican, Continental Tlinois . 9 c M & st P 334 250 ost 17, Richmond W W ie, "sn NE a @ 0 ie J ByS): £Xxtra firsts 90-91 3 Score), 3c. © G hy q LY 2% | Seyn Ww 7 33Vsc; specials, 34@34'.¢; evtra (62 score), o 3 Yc Dons | pusamty 0 EMES Poe 0 Bl BR en EW Tew Dsl Wo goed ana cnarce 4100 B78 |B Brot, Blade standards, Sig PREFERRED STOCKS Sunkist, navels, [email protected]. Pineapples, 30s j i > Ra; ni, ater Works 5s '56..... 102 ) Na 3 I 1 tives: one et Steady: receipts, of ji ; crate, $5 Srawberrles, Florida, De 5 C. Mamitueturers : : Bia pile: i ii iis yz T H Water Works 6s "49..:...103 105 var ep and lamb quotations on clipped JEueNT, SD ey BE Ia Deol CES: 3a 300. AND BONDS na astatles Be ho at stringless. National Su. Cleveland . 36% 33 Del Cc & W... 2102 20° 20% 2h Trac Term Co BS '57.........u 7 80 a hens, 13a 15taci teghorn Na TRA Be Th a ow 3 - ' ationa awmu + 36. BiErie ......vviunn 8 A A s S . roosters, 126r13c: turkeys. 15 Bes, 3 AS ineh. Tira JBeuy: | First National Boston ow i pt wh BC Be ae Belt Railroad & ip 59: 63 Other Livestock PT ho 1a d daisies, 17140 A BUILDING & LOAN 3 : . 1705¢. : NS N : A allroad & St Yds com . 59%, 6 . Yee: longhorns, 17'a@1 « x CS Im | TEISURINGE [BSE TTE, fi fh dR Rai £8 Yee ple pad Press) J Botkelhnles medtiate; demand SLY STOCKS to cagte, S35 pariots, Shlifongia, bulk. | American Ins of Newark 14% 18 | Lehigh Valley... Be Bk EA Bi eo Ta Tt Wayne. 53 aw keh Ton Tome: de. 23 coe Ta aso Banks, 88 40/3 10 U8. No.2, $2.15. Colobu. $135. “Cauliflower, 10s-11¢.12s ciste. | Baltimore, American 91a 10% Lou & Nash .. 92° 92° 92° 02° |Hook Drug nc . ve 317 [Ibs 80800 180-200 bs, $b.80; 350-215 jos. | tndo Red MccCiures, 3277m3.35; Wiscon- | HOY HNAN LEIRIE SERIO HRS: ST : 3 a. | Franklin Fire .... 33% 34% [MK & as A Aw Aw | Ind & Mich Elec Co pfd 7s. .107% 110 | $868 160-180 Ibs. 8) 76; 275-300 1b : | sin Round Whites $2.45: U, 8. Commer- AAR INVESTMENT TRUSTS Mihi So STate: $3.35 Celery Cabbage. | pederal Insurance 45; 48% [MK & Tpfd . 33% 32° 32% 3215 | Ind Gen Sery CO 65 ......... 104% 00-350 1bs.. $0.30: 150-160 1b $050. 140. | Cinls. 82. H0qa.5. Michigan Russet Rurais NIK nn CC Tr ha | reat American Insurance 0 324 ac 1% tw iv 5% Ind Gas Co COM... vives 24 28 [150 Ibs. : 130-140 1bs,, $8.70; R20. 130 | $2.60: Minnesota Cobblers, $3.10. Plant. Florida. doz. $1.50. Kale, Virginia, | National Fire ........... 8 A Si% Mo Pac pfd 10% 10% 10% 10% | Ind Hydro Elec Co Ts . 80 83 1bs., $8. 0-120 lbs. $8. oughs, Bilis. Lettuce. Iceberg, California best: Hare wie FPO 38 40 ¥ Gent 46 v, 45% 45% 46 | Indpls Pwr & Lit Co pfd 96 981; | $8.78 down; stags, $7.25. Caves, $9.30 80s. $4.75; 5s, $6; leaf. hothouse, No. 51 Tt Tho ty woes sy raw 105% 12% | Nor Pac Haven 8 8s 8% 5% | Indpls Pwr & Lit Co pfd Bias 100", 103 | Lambs, 50. basket, $1.75. Peppers. Mangoes, crate, | Nationa BLY 2x xvarurieath 91a 3094 or Pacific ..... 3212 3% 2% 323% | Indbls Water Co pfd 5s ..... 104 106 LAFAYETTE, Ind, Feb. 23.—H M $3.50; doz. 40c. Mushrooms, homegrown. | | North RIVET ....ooovvnviiness. 29% oO DnRR.... 11% 34 44% 443, | N Ind Pub Serv prd 5148 87 90 | ket. 25c lower: 200-295 ibs. [email protected]: Ib. Sy Onions, Indiana yellow, 0- ib bag. | EnoeniX vearseanaan IEEE 5 3% a Reading SVi aya i MN i an [X |N Ing Pub Serv bid gs . (B21 28, | 225-250 1bs.. $9.80 9.00: 20 Shs he 10.19 Member Federal Home g Loan Bank System 7 estern Spanis arce 00: orth- | . ry hr treet be ida Gy TEAR RARS I, 2 21% vay | i ' Sv . 2 32 | @9.70; 275-325 lbs $0 4079.50; 170 200 i arn white, $1.75. Parsley, homegrow 10 Westchester Fire ......... 3% 39 SOUR R ...... 335% 323 331 3414 Do Laundry Co.... Nn "| ) \ 19.50: -200 Southern, large bunch. 50c. Ses, —— Union re EEE 1350 13405 135 1340 | Pub Serv Co Ind 6s .“ | 31% 3 0: 150 ibs S 780.0: 100-130 x meerown. . 85c. Peas. Mexican, | y Wavash . BW 47 5 3, | Pub Serv Co of Ind Ts .. . 80 63 8.50. Roughs, $9 down oo By So 5 @ hamper, 35.30 Wi ates, Maine Green | Chicago Grain Futures ol Maryivig . 10% 10 10 1004 Gore atte Dic Co 6s... 104 107 | Western lambs £10.25 Ry Ye ive own. ’ ountain -1b. bag ; o Rus- | eta ores— o com 23 $10 down nig : on 66 $ sets, Michigan Rurals, $2.85. Colo- (By James E. Bennett & Co.) Allied St 7% : y radd McClures, $3.75: Florida, New Tri- | ores ... 18% 18% 181: 18% / umovhs. 50-1b. box. $2.25. Rutabagas, Ca- | 10 Prev. | Gimbel Bros .... 25% 24% 25% 24% % . nadian, 50-1b. bag, 90c; Canadian, waxed | High Low AM. close Gd Un Tea .. iva 3s VY ay and tagged, sL10, Sweet Potatoes. Ten- | Wheat— | Rrosee So "tga Sa ams og nessee, Nancy 18, er, $1.89. S= . aa . 0 BRE jana, Puerto Ricans, bu Ps2 35. alone, Mav }3 * Ten $s). io ¥ $l. 32% | Macy RHE = 5 a, ! 5 2 T h 0 m S 0 n x Be : yuttons, hothouse, doz. 50c: white, 40Cc. ) © 1'193 RT 3 i aL 2 ™ 1 17 Cc | Rhubarb, hothouse. No. 1, 5-1b. carton, 45c. Sept. «x raiivivh 112% 1.12 1.12% vi | a me Ou Sage. doz. 45c. Spinach, Texas, bu. $1.| Corn— nN 1 Shallots. doz., 45c. Squash, Hubbard. bu. | May 1.06% 1.06% 1.06% 1.061% NEW YORK MEMBERS 29% 0 $1.50. Turnips. bu. $1.15. Tomatoes, re- | July 1.027. 1.023 1.025 1.08% | FILES ~ packed. 10-1b. basket, $1.25; repacked. best, | Sept "06% 6° gn ” | CHICAGO New York S packed, io in Sept. oil 96% ‘061s 957 | rk Stock Exchange » . . » » R, B00. ne | oats— ; y Gives the borrower the benefit of : (Bv United Press) | Wray AB 48% 47% 4B 48% | Feng Supplies, JOrONIe Nr Chex Surh Evenavp h fi d | “i pusible owas ilered) rete bored CHICAGO, Feb, © 23 Apples Michigan | July -..... Ade Adie Ade 43 Guides and Folders } SOUTH BEND New York Cotton Exchange upon the type of improved real estate security accepted. McIntosh, $1.25@ 2. eet Potatoes—Lou- | Sept 40% 40% 40% 40% 1s ana Pierto Ricans, $3, Corrobs—Tiingls. | es Ww c FT. WAYNE ® New York Coffee and Sugar Exchange ® Investigate these Fletcher Avenue variable interest loans. Such a loan Tomatoes Florida, Jugs, UREN Cauli- May 1.0av 1.08% 1.08% 108, . . Brass EVANSVILLE New Orleans Cotton Exchange may make possible substantial saving to you over a period of years, Mexican, ha s. 85.75. Celery— | Sep Wo%. B84 893: 89%; BOSTON Chicago Stock Exchange hampers, S$! Celery—Florida, | Sept. 897% 89% .893, 893; da A iat 9 g . > Te nt SER: | So Beam | YA Nupiilies CINCINNATI Chicatn Board of Tests I Bicker. Muvalws Vous offer ve vied aid proven, convenient: Building Toon docs) a a : (Mag TE 1.56 1.56 | 134 8S. Mer. RI-9727 Indi lis Offi Winnipeg Grain Exchange and Loan plan of easy monthly payment. LE T naianapoits ice And Other Leading Exchanges . . Yeros ELECTED 0 BOARD e ® You deal personally with loan headquarters . . . here at home. Quicker BOSTON, Feb. 23.—Election of | 200-214 Circle Tower L1. 5501 service, closer contact. T. Jefferson Coolidge as a New Eng- | * i i i aati EE ewe Your inquiry entails no obligation whatever, rector was announced today by the $ 5 i i { board. | 96,000.00 $500,000 Available for Loans on Indianapolis Homes SAFE DE POSIT M/ \RION Cou NTY Bonds of the United States Government, Reserves C ver $1 ,000,000 | 17.0 Its Territories and Insular Possessions | 2/4 fs Advancement Fund Bonds Money Invested in Fletcher Avenue Shares ParticiB 0 X FE S | Federal and Joint Stock Land Bank Bonds pate in Dividends Declared From Date of Investment | \ . . b vr - - | Available in Maturities Dec. 1, 1943 to June 1, Indiana Municipal and Corporate Securities PER ANNUM DIVIDENDS H 1945. Yielding 1.85% to 2.00% SelB B 4% BENDS HaVh BEEN rAID . AND UP eal Estate Bonds and Preferred Stocks BY FLETCHER AVENUE SINCE DEC. 31, 1935 . ng® " General Market Securities Fidelity Trust City Securities Corporation Fletch . idelity Trust Co ; Bond cicner AVE. vavin oan ASSN ty > 417 Circle Tower gist and Share Corp. * ° Ul wcoln 5535 AST MARKEY STREET | necoln 553 10 E. MARKET ST. In the Heart of the Business District

148 E. Market St.