Indianapolis Times, Indianapolis, Marion County, 24 February 1937 — Page 16

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Arne

HRSA

Trends

Miners, Operators Discuss Wages, Flynn Says.

A op ae

Abreast of The Times on Finance

About four-fifths of all

PAGE 16

WEDNESDAY, FEBRUARY 24, 1937

Electrified Homes Gain

States now have electricity available and 750,000 homes are being wired annually, according to H. W. of the Nash-Kelvinator Corp.

the dwellings in the United

Burritt

COMMUNITY PUT

By JOHN T. FLYNN

OS ANGELES, Feb. 24.—While the steel strike lurks just around the corner where prosperity used to be, there is another labor quarrel in the same spot—the negotiations between the soft-coal operators and miners. The existing agreement expires April 1. Negotiations have begun for a new agreement. And here we will see the direct reverse of conditions which exist in automobiles and steel, Here we will see collec tive bargaining between the United Miners representing all t h e workers, and a committee of employ=e r Ss speaking

for all the em- u

ployers. The employers have given notice that they will want the workweek lengthened. They do not ask for a reduction in weekly wages, but they want longer hours, which is tantamount to reducing the hourly wages. The miners on their side say they want an increase in wages, shorter hours and certain other adjustments on various work conditions.

» ” on HAT will happen, no one can say. But one thing we will see which bears the mark of civilized procedure—the workers and employers sitting down to talk it all out at length between now and April 1. There will have to be no violent action for the mere right to discuss the grievances of both parties. But there are some features in this negotiation which ought to be understood. The miners were getting $1.80 a day for common labor and $2.10 a day for skilled labor before 1933. As the men work about 140 days a year this means they were earning $252 a vear for common labor and $294 a year for skilled workers—an average for the latter of less than $6 a week. The United Miners have gotten for the men a $5.40 a day wage for inside mine workers and about a dollar a day less for outside workers and something less in the Southern mines. Even this gives a skilled mine mechanic only $756 a year or a little over $14 a week. Under all the circumstances, while this is indeed a small annual wage, I doubt if the miners will kick up too much of a fuss if they can get some other adjustments. Because the condition of the coal industry is very bad. The operators—about 6000 in number—are a rather sorry lot, very much at the mercy of the large-scale industries which buy their product and subject to pressure from various other sources.

n n n HE interesting factor which is mixed up with the controversy is the Guffey bill. The miners and 70 per cent or more of the operators united in a demand for that in 1935. It was passed but declared unconstitutional. Bu before it was passed the miners went on strike and it has always been assumed that the strike was designed to put pressure on Congress to pass the bill and that it was looked upon more or less tolerantly by the operators. The Guffey bill had two features—one, labor control for the men, and the other price and production control for the employers. The bill was held unconstitutional but the Court seemed to infer that the price control features might be valid. Hence a new Guffey bill has been introduced to permit price control and production quotas, without anything in it for labor. Nevertheless, the United Miners are trying to force passage of this bill. They are acting apparently directly in the interest of the employers who want it and indirectly in their own interest, since they believe that if the business can be stabilized they will fare better. However, it is difficult to believe that the miners will go to the length of staging a strike to compel passage of a bill like this. The only other feature which may get in (he way of a peaceful settlement is that the soft coal controversy may get tied up with the steel strike. These, then, are the two clouds which overhang the business skies from labor. (Copyright, . 1937, NEA ‘A Service. Inc.)

Investment Trusts

(By Thomas D. Sherrin & Co.)

Bid Agked, Administered Fund 2 19 48 Affiliated Fund, 3 *Amer Business Shares .. Broad Street Investing Bullock Fund, Ltd. Century Shares Trust Cor AAV or ‘‘Accum’’ Cor “AA” or “Acc” (unmod) Cor Trust Shares (orig) ‘ Diversified Tr Shares “B”.. 1 Diversified Tr Shares “C”.... Diversified Tr Shares “D” Dividend Shares, Inc Fundamental ve General Investors Trust Incorporated Investors . Market St AnvseTen, Corp. . 4 Maryland Fund HN HES Sat uses Investors . Mutual Investment Fund . Nation-Wide Voting North Amer Tr Shs 1255 North Amer Tr Shs 1856 North Amer Tr Shs (orig) Quarterly Income Sh new) 8.98 Selected Amer Sh, Inc (new) 15.98 Selected Amer Shares (orig)... 4.27 Selncted Cumulative Shares .. 11.05 Selected Income Shares . 5.75 Stat e Street Invest Corp 121.00 npervised Shares, Inc (Del) 15.05 = ustee Amer Bl . 103 Tr Standard Oilihaves ah».. B25 *Tr Standard Oilshares “B” 7.80 *Ex-Dividend

(mod)

16.36

Building Permits Bethel Four-Square Church, 743-51 Woodlawn Ave. building, $3000. Ace Neon Sign Co. 16 W. Market St., pair, $400.

re-

Second Church of Christ, Scientist, 12th and Delaware Sts., repair, $150. A. G. Liske, 2315 "Morris St., repair, $250. : Premier Petroleum Co. 1225 E, Washington St., repair, $1025. Margaret Davis, 920 Broadway, garage, Charles Gant, 64 Forest $150.

Ave., heating.

: | Debits

% WASHINGTON. \

1.14 4 . 1 Expenses

ON FEET BY ONE MAN'S AMBITION

Reopening of Pot of Pottery Plant At Scio Aids Comeback 0f Whole Town. |

By United Press SCIO, O., Feb. 24—One man's | fight to build an industry today had set a whole community on its feet financially. Lou P. Reese, a laborer in the potteries along the Qhio River, dropped in Scio four years ago. He had little money but a wealth of knowledge about potteries. He found the Scio pottery plant crumbling into decay, a tragic reminder of a community's effort to start an industry. The plant’s roofs leaked and some of the walls were crumbling down. Mr. Reese had a brainful of ideas.

He wanted to try them out. Would the townspeople sell their | { pottery? | There were 70 empty houses in the | village. Stores were struggling to make expenses. The citizes almost | {ell over themselves to get Mr. [Reese's name on the dotted line. Now Employs 505 | Today, the factory employs 505 | | With a monthly payroll of $50.000. Last year, it produced 25,200,000 | pieces of ware—vases, dishes and | po jars. Today, with that payroll filtering | out, the village is without a vacant | house. Stores and banks are busy. | Railroad revenue has leaped $375,- | 000. Plant records show that farmers | and their wives and young men and | women of the town have received $937,087 in wages in the 48 months | 3 since Scio sold its pottery to 8 newcomer for a song. When Mr. Reese had found enough money to float the purchase, | he discovered 1933 a tough year to | start a business. It was during depression and there was cheap foreign competition. Worked Out New Devices He proceeded on a pay-as-you-go | basis. He repaired one wing of the |

cut the weeds—and built « gas- { heated, circular kiln. He worked out {time and labor-saving devices. As earnings started, Mr. Reese | turned them back into the enter- | prise, adding to the factory. | | The former pottery laborer was a | salesman as well as a builder. He (signed a contract for pottery ware | | with some of the biggest chain | | stores in the country. The 25,000,- | | 000 pieces of pottery produced last | year went to fill those chain store | orders. Mr. Reese said there was no magic | in his formula. He admitted he had | | established new types of conveyors, | similar to automobile vroduction | lines, and that he had utilized waste ses from kilns in a new arying |

process. |

Chicago S tocks |

(By Atkins, Hamill & Gites)

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old building—patched the roofs and |S

| Servel | Simmons

8 | Gillette

| TR y 25 Yellow

New York Stock Exchange Prices

(By Thomson & McKinnon) 11:00 High Amusements—

Loews Inc fan SMO!

Prev. Close

woe JR . 254 113 835 | Bots Century Pox 34 | Warner Bros . 15 | Aviation— | Aviation Corp Boeing Aireft Curtiss Wright 7 Curtiss Wright A { Douglas Air . .. 6 Nor Am Av Sperry Gop oiwisls nitd Air Lines Unitd Aircft New Trans Contl Wst Building— Am Radiator Barber Co Holland Furnace Lone Sta 64 Johns Manville "138 iby Ovens Gls br Otis Elev Vo U S Gypsum .. Warren Bros Chemicals— Air Reduction... Col Carbon. .... Com Solvents. Du Pont Cal Freeport Tex .... Liquid Carb ... Math Alkali ... Monsanto Chem Natl Dis (new). Schenley Dist Tex Gulf Sulph. Union Carbide" . U S Indus Alco.. Drugs— Bristol Myers.... mbert viele Parke Davis Walgreen wes Sterling Prod ... Un Drug (new) Vick Chem Equipments—

Am Brake Shoe Am Car & Fdy

1.00 ... Am Steel Fdy Bald CO 8 gh Am Tank Car Elec 59 Gen R R Sig a Co “. 29% . 89's .. D2 . 152%

Paliman ine West Air Br Westingh Flee Financial— Adams Exp . Allegheny Corp . 47s Am Int Corp... 15° Com Credit..... 60% | Chesa Corp ..... 89 Com Invest Tr.. 69% Lehman Corp ...124 Transamerica .. 162 Foods— pm Sugar

vos 1838

ve 51 130g Beatrice Creamy 2a Borden Prod . | Can Dry G Ale. a8 Coca Cola : Cont Bak ‘A’. 1385 Corn Prod eve G6, Crm of Wheat 3 Cuban Am sugar 1 Gen Baking Gen Foods ... G W Sugar Hecker Prod Holly Sugar | Natl Biscuit at Purity Fak .. Porto Riso Su Std Brands 15 Swift & Intl

Swift Un Biscuit United Fruit Household—

Col Pal Peet.....

| Congoleum | Mohawk Carpet

& Gamble

Inc

Proc

Mining—

Alaska Jun Am Metals Am Smelt | Anaconda : Cal & Hecla Cerro De Pasco | Dome Mines Nor Ore | Homestake | Howe Sound

Min

Isl Creek Coal Kennecott Cop.. 63 Magma Copper... 61 Mcintyre Mine. . Park Utah ' Phelps Dodge .. St Joe Lead .. | U 8 Smelters .. Vanadium Miscellaneous—

Allis Chalmers.. 72% Am Can .. 0634 Am Mach & Fdy 24% Anchor Cap .. .. 22% Brklyn Man Tr. 48 | Burroughs i 337% i Case .. 165 | Contl Can . i ‘ 120 14

Crown Cork . | Deere & Co .. | Eastman Kodak 17054 | Foster Wheeler. . 492 “e ‘a or 49%

103% 377%

| Glidden Inter Harv Natl Cash Reg. Owens Bottle 168) Rem Rand _. 27 Underwood E 9114 Worthingtn Pmp 40!; Motors— Auburn hrysler yen Motors Graham Mot Hudson visu 91 Mack Truck . | Nash wis 2 Packard Reo

Studebaiter White Mtrs .... ] Truck

Motor Access— Bendix

| Walgreen William Oil-O-Matie | Woodall Industries Zenith

New York Curb

(By Atkins. Hamill & Gates) 11:0

Aluminum Co. of America American Airline -“ American Cvnamid (B) Amer Gas and Electric American General Arkansas Natural Gas (A) Barium Steel Carrier Corp Chicago Flexible Shaft Columbia Oil Consolidated Copper .... Cooper Bessmer ees i Bagle Picher Lead Electric Bond and Share Ford Motors, Canada (A) Generel

Tire Greenfield Tap ‘and Die. Gulf Oil, Penn Ve Humble Oil and Refining Co. . Hygrade Food Inernationsl Vitamin

National Rubber —e Niagara Hudson Power .. Pan-American Airways Rustless Iron and Steel Segal Loc Standard Oil of Ohio Stutz Motors Sunrav Oil .. Tilo Roofing Twin oach Woodley Petroleum

Money and Exchange

INDIANAPOLIS STATEMENT Clearings

8.693.000

TREASUR \ 4 Y STATEMENT United Press)

expenses and receipts for the eurrent fiscal { vear through Fvb., 20, vear ago: This Year, Last Y $4,.664,120.621.27 . 3 6586, i 551. 32

2,007, 069. 1. 363. 073. 179.32 2, 90

2.29 3.775.F9 .353.967,217.02 22,652.29 1.63

Receipts. .

Customs 288.239.854.096

Bohn Alum ....

| Budd W heel i Elec Auto Lite. | Eee Stor Bat .. 4 Grevhound New. | Houdaiije tor Wheel oe Warner 1 Timken Det axle Timken Roll .. 5 Oils— Amerada ...... atl Rig... Barnsdall Consol Oil Cont of Del Houtson (new).. Mid Cont Pet Sho Oil

t Corp Phillips “u's Plymouth Oil Pure Oil Seaboard Oil

oto

Texas Corp . . Tidewater Assn.. Un Oil of Cal .. Rails— Atchison . au, Coast

Can Pacific Ch Ohio

19 OF Toh i 1 i C0 hk BD C1 tk £0 5k

25%

nN ov

wisie'y uy YE Lines 47% 27 oe 16% & . 65 Chi & Gt W Chi & Gt W pfd CM&EStP ..

24 Government |

Erie nfd

| Other Livestock

| (Bv United Press)

| LAFAYETTE, Ind.. Peb, 24 —Hogs— [ ket, 20 to 25c lower; 200-225 Ihe. 0.90: 225-250 lbs. $0.60@ 9. 70. 250-275 $9.40@ 0.50; 275-325 1bs.. $9.20 0.30: To. 200 Ibs., $9.6069.75: 150-175 1bs., spas. 50: 130150 1bs., $8.50%18.75: 100-130 Ibe, $7.50 8.25. Roughs, $9 down. Calves, $9.50 down

compared with a |

5 | Western lambs, $10.50 down; native lambs, ‘$10 down

in 1937. cost to the minimum.

Dan W. Flickinger and Associates Chartered Life Underwriter

1222 Circle Tower LIncoln 2494

Are You A Preferred Risk?

“Preferred Risk Whole Life is designed to be just what its name | suggests; and will provide lower cost insurance for policies written | in amounts of $5,000 and over, upon selected lives (ages 20 to 55), | with a belter than average expectation of longevity.” | Ag Policy Amount ..........$10,000.00 $10,000.00 $10,000.00 *Annual Premium .......$ 210.20

* Reduced by dividends. which were increased substantially Dividends left to accumulate, reduce final net

e 30

Age 40 Age 50

$ 28460 $ 418.10

1862—75th Year—1937

4 | Cruc Steel

’ { Alleg Corn 5s 4 |

High .Gt Northern rN 47% Ill Central 27% K C Sou vos BY Lehigh Valley .. 195 Lou & Nash 921, M K vo BY . 31% 4 97 44, N Y New Haven 8% | N Y Ont & West 51; | Norfolk & West28h

2 Retail Stores—

| Allied Stores Assd Drv Goods

. | First Natl Stores

| Simbel Bros .. | Kresge S'S ..... 2 | Kroger Groce .... Macy . 53 McCrory hii McLelian 8t Marshall i

Safeway St .. Sears Roebuck. Woolworth Rubbers—

Firestone Goodrich

Rubber US Rubber pfd 13004 Steels—

Acme Steel 81s 3615 91% "1%

123

Inland Steel

70% 0% | 122 122

New

1 . 122

| | | | |

High Keystone Steel . 177% ia

Ludlum Steel id Steel

is 20% | Be Iron & Steel 347% Pipe & Fdy. 66 S Steel o i | U 8 Steel pfd_ ' | Warren Pipe-¥dy | Youngstown 8-T £31

Textiles— Amer Woolen

Tornoe

Am Sum Tob .. 2! Am Tobacco “A” §3 Am Tobacco “B” Gen Cigars .. 7 Lig & Myrs lorillard ....... Phillip Morris Reynlds Tob

Utilities—

Am & For Pwr 12'% Am Power & LR 1 TST

6° 823%, “B” 55

Interboro R T Int T& . Nat Pwr & Lit. . North Amer ... Pac GC & B.... 3 Peoples Gas +» 5934 b Serv N J... 45» Std Gas 123 Stone & Webster 21 United Corp Un Gas Imp 13 nh

Ut Pwr & Lt “A’ | Western Union ..

11:00 A.M,

York Bonds

Prev. Close

x © Go SN EELS

COCO bt ht hh BD JB Bh fd hd ek J >

(Reprinted From Late Times Yesterday) (Am For P 5s 2030 .

4 DAILY BOND INDEX

(1926 Average Equals 100) | 20 ! Indus. 04.4

| Saturday

1937 high 1 1837 low

7.9 100.7 { . 99.8 (Copyright,

Standard Statistics) | » P. 8S. Moseley & Co.) GOVERNMENT BONDS Treasurys

... 101.15 Corp.

104.25 Federal Farm Mortgage Corp. 1949

" 105.5 1042-47.

105.8

POMESTIC | Today* s Bond Leaders

| Aller Corp 5s 44 .. { Alleg Corn 5s ‘3 vel 'S “as

Your Federal

Income Tax

(27th eof a Series)

DEDUCTION FOR TAX ON MOTOR GAS

F an automobile is used for both business and pleasure, all of the maintenance and operating expenses connected therewith, which constitute allowable deductions for Federal income-tax purposes, should be allocated to the two uses on the basis of the time that it is used for each. For example, if the total expense of operation and maintenance, plus depreciation, for the taxable year amounted to $800, and the car was used three-fourths of the time for business and the balance of the time for pieasure, the allowable deduction for Federal income-tax purposes

would be $600, n rE a law which imposes a tax on gasoline shows that the tax is imposed on the consumer and not on the dealer, the consumer may deduct as a tax, for Federal income-tax purposes, the amount of the gasoline tax paid by him; but the taxpayer must have Kept records of the payment of such taxes in order that the deduction may be substantiated as is required by the law and the regulations. The Federal gasoline tax is not deductible by the consumer. A taxpayer may ascertain whether the gasoline tax imposed by a state is deductible by the consumer or by the dealer by addressing an inquiry to the collector of internal revenue for his district. In any case where the gasoline purchased is used for business purposes the tax may be added to the cost of the gasoline and deducted as a business expense; but where that is done, the gasoline tax cannot be deducted separately under the item of taxes. -

o on

{Am Tel & Tel 5'os Arm & Co (Del) gs Atl Coast Line 4s

| At] Coast Line 4155

3 Cent Jt

{ N Y Cent Conv 6s

| Sou | Sou | Texas Pac 3s {| Texas Pac 5s | Texas Pac 5s

| United Drug 5s

"60

Bis Four Bs "63

& Pitt o 28’

8 55

Colorado, & So 415s '80..

'52 & Nor West $s ’ S '51

Con Gas

Grt Northern <n 4s Grt Northern “H” 4s Grt Northern 4! ne "1 Gen Stl Cast WW 515s Hud & Manhat Ref 5s II Cent 434s ’66 415 S 63 1 Cent 5s '63 Dm Rapid Trans Interntl] Hy Elec 6s '44

Internt]! Tel & Tel 4': 2S 'S

Interntl Tel & Tel 5 Interntl Tel & Lehigh Valley 4s 2003, McKess & Rob 5!

Nickel Plate 4's °’ Nickel Plate 5's N Y Cent 5s 2013 N Y Cent 4155 2013

.. (0

Nor Amer Co 5s 6 Nor Pac 3s 2047 Nor Pac 6s 2047 : Nor States Pow 5s '41 New Orleans Term 4s ' Penn Ry ‘4s Y Penn Ry Be "84 a Penn Ry 4l4s '81.. Penn Ry 3%s ’70 Portland Gen E! 44s Para Publix 6s '55 Penn P & L «lis

Union Oil Vac 3!.s Pac 415s "68 Pac 42s 81 Pac 4s ’49 Rail 4s '56 Rail 6s '56 Rail 6'5s '56 '80 73 di 9s ’ 47

31,8 ‘50

Sou

Third Ave Adi Union Pac 4s

U_S Rubber 5¢ '47

| |

{

NY NH Y NH

warner Bros 6s Western Mary 5s ° Western Union 5s '60 Youngstown S & T 4s | Youngstown S &

& Tel 4'%s

T 3's

46 "46

"49

5s "66 '39.. 5. 52. en

Id)

{ 81 { Postal Tel & Cab 5s °* { Rem Rand WW 4s | Shell | Socony | Sou | Sou 1 Sou

53.

'56 '51

FOREIGN

| Argentina A 6s 5% | Australia 4'Ls '56 | Rrazi) 8s 41 Canadian Govt 4s 6 | Denmark 4%5s ’55 French 7T'.s '41 German 5les 265 .. German 7s Italy Ts Japan 64s

54 | Rome 6156s 52

| Tokin City | Yokohama 6s

516s 61

Unlisted

(By Blyth

| Bankers Trust ..

| Chase | Central

Hanover

| Chemical

| Continental

Tlinois

| Guaranty

Irving . Manufacturers National City National Citv National Shawmut First National Boston

Aetna Fire Insurance Baltimore American Franklin Fire

National Fite Hartford Hanover Fire National Liberty North Rive

Cleveland... ..

American Ins of Newark

Great American In surance.

Stocks & Co.) Rid . 80'% 60's 144% 76 1

PBN D3

Wr n-1~-1020 DO POF Fa

FIRE INSURANCE

RADON

WIN NEA SDN

2 INDO

Lome 3 -

833 111% 100 1037 96! 10853 10934 921, 1021; | 9a 913

+ 11938,

2 [of 2,059,322 tons,

NEW MACHINES IN COAL MINING INDUSTRY GAIN

Modernized Equipment and

Methods Being Adopted, Journal Says.

Times Special

WASHINGTON, Feb. 24.-—-Mod-ernized methods of mining coal made rapid strides during 1936 as shown by sales reports of manufacturers of coal mining equipment, according to the Mining Congress Journal. Marked by a material increase during the year in sales of mechanized loading units, conveyors and scrapers, sales of mobile loading units trebled the previous year’s total, while conveyor sales demonstrated a 47 per cent increase, the magazine reported. Largest installations of mechan= ical loading equipment, according to U. S. Bureau of Mines, seem to have been made in West Virginia, a state heretofore using mechan- | ical mining equipment to a com- | paratively small degree.

Output Advances

In that state the Department of |?2 | Mines recorded a 300 per cent in- |; mechanically

| crease | mined

in tonnage From January to November, 7.443.697 tons were so handled, as comparerd with a total for 1935 the journal said. | Continued gains in use of mechan- | lized equipment in Illinois, Pennsyl- | vania, Indiana, Missouri, Washing. | ton, Kentucky, Tennessee and Vir- | 'ginia were also recorded by “the |

: | bureau

. i Illinois and Indiana, which

had |

14 | forged to the front in 1934 and 1935 |

again showed substantial increases |

37% (in 1936. For the country as a whole,

| approximately 14 per cent of the | total bituminous coal output was | {produced by mechanized mines, the report declared.

67 1 Chicago Grain Futures

| Sept. 8 |

34 | full-

May July

(By James E. Bennett & Co.)

Wheat—

May

a $1.30 { July

1.14 1.11%

1. 1. Corn— May July Sept. Oats— May July Sept. Rye— May . 1.075% y . 06° 99 |

1.0¢ 1.

JUIY ...vonee 899% Sept. 89% Soy Beans—

bBid,

Produce . Markets

(The prices quoted are paid for stock ! gathered in the country, while for deliveries in Indianapolis the prices are 1 cent | higher. Each full case of eggs must weigh | 55 pounds gross.) | a Bags—No. 1 strictly fresh, loss off, 17c¢ | 0z. | Heavy breed hens, 8 lbs. and over, 13c¢: Leghorn breed hens, heavy, 9c. Heavy | breed springers, 1% Ibs. over. soft meated, | 1% Leghorn breed springers, 8c. Heavy | breed stags, 9c¢: Leghorn breed stags, 6c. heavy breed cocks Ducks, full-feath- | ered and fat, 5 Tg and up. 7c. Geese, feathered and fat, 5¢. Turkeys, young | toms, 12¢; young hens, 10 lbs. and over | 14¢; old toms, 8c; old hens, 9c; wh e. Butter—Creamery, No. 1. 7; 381: | No. 135'2¢. Butterfat—No. 1, 33¢: | No.

" . § 3 | sSellers | | | | |

| LOCAL CASH MARKET

City grain elevators are paying | $1.27 for No. 1 red wheat. Other

| grades on their merits. Cash corn,

{new No. 3 yellow, 98c. Oats, 44c. | Hay—No. 1 timothy, $13.50@14; No. | 1 clover, $15@$15.50; No. 1 alfalfa,

1% | first cutting, [email protected]; second cut21% | ting, $17.50@ 18.50.

PRIVATE

Estab.

New York Stock

Russell McDe

York Curb. Chicare Stock change, Chicago Board of Trade.

40 N. Penn. St.

COMMODITIES

Orders Executed in Futures in all Commodity

WIRES

W. L. LYONS & CO.

18TH

MEMBERS:

Exchange,

rmott, Mgr.

Markets

New Ex-

LI-6563

————

NEW YORK CURB EXCHANGE NEW YORK COTTON EXCHANGE NEW YORK PRODUCE EXCHANGE NEW YORK COCOA EXCHANGE, INC. N. Y. COFFEE & SUGAR EXCH., INC.' COMMODITY EXCHANGE, INC.

NEW YORK OSTON. MAS

PETRA Qo

"TERS

AUNTON,

HARTFORD, C DE’ LJ

eN- ¥. TAGARA FAL : BURRS, N. ¥ D. 2

ARTANBURG S.C. CORRESPONDENTS

CHICAGO BOARD O

ABBOTT, PROCTOR & PAINE

MEMBERS NEW YORK STOCK EXCHANGE

F TRADE

CHICAGO STOCK EXCHANGE

CHICAGO MERCANTILE MONTREAL CURB

EXCHANGE MARKET

CANADIAN COMMODITY EXCH., INC. WINNIPEG GRAIN EXCHANGE

CHICAGO NTREAL, YORONTO, DA AUBURN, A BLOF FIL LD.

BRISTOL. COL LUMBIA,

MICH.

Ns LE, V N.Y.

WPORT,) NEW

8 East Market Street, Indianapolis Telephone Riley 5491

203 Citizens Bank Bldg., Anderson, Ind. Telephone 836 CORRESPONDENTS: Ft. Wayne — Vincennes

CA ANADA

CAN.

W. VA. S, VA.

N CG.

ST. LOUIS, MO.

Buy

Local Securities

(By Indianapolis Bond & Share Corp.) The following quotations do not repre- | sent actual bids or offerings, but merely indicate the approximate market Rell based on buying and selling inquiries or | recent transactions. | |

BONDS

Citz Ind Tel (TH) 4%s ° "au B Tel & Tel Ft W 55s 8 a H Tel & Tel Pt W 6s ’43 .... Ind Assoc Tel 4'%s "85 .... Indiana Tel Co 5s '60 Indpls Railway Inc iy ‘67 . Indpls Water Co 34s '66 . Interstate Tel & Tel “ies 63... Kokomo Water Works 5s '58.. Morris 5 & 10 Stores 5s '50.. Muncie Water Works 5s '65 . Noblesville H L & P 6l2s '47..103 Ohio Tel Serv 6s '47 . Richmond W W 5s 57 T° 'mour Water Co 5 67 Trac & L 5s * + H Water Works i '56 T H Water Works 6s '49 : 5 i Trac Term Co 5s ’ 7

STOCKS Belt Railroad & St Yds Belt Railroad & Som Tha Br F ome Te el Ft Wa Hook ou inc oe n c ec Co pf Ind Gen Serv Co os RR: Ind Gas Co Com ' Ind Hydro Elec Co Ts.......... 8 Indpls Pwr & Lit Co ‘pfd 6s. . Indpls Pwr & Lit Co gid 6c Indpls Water Co pfd 5s... 10: N Ind Pub Serv pfd 5les N Ind Pub Serv pfd 6s “e

LARGE RECEIPTS CAUSE DECLINE IN SWINE PRIGES

‘Market Drops 15 Cents on

Run of 6000; Vealers Show Advance.

Large receipts around the packe ing circuit today again lowered prices in the hog market at the Ine dianapolis Union Stockyards and all weights dropped 15 cents from the highs of yesterday. Receipts in 11 important packing centers totaled 63,900 today come pared with 59,572 a week ago. Local receipts were 6000 with 824 holde overs. At the close weights of 160 to 180 pounds soid for $10; 180 to 200 pounders brought $10.05; 200 to 210

Local Livestock 0GS

Bulk $10.05@ 10.30 [email protected] 10 05@ 10.30

[email protected] Light Lights (140-160) Good and Medium Lightweight s— (160-180) Good and Medium (180-200) Good and Medium Medium Weights— (200-220) Good (220-250) Good oe hts - 1250-290) Good (290-350) Good Packing Sows-(275-350) Good 1350-425) Good (425-550) Good “es (275-550) Medium Sjaurhres Pigs— 00-140) Good = ‘choice . Medium or

choice. .

Choice -

choice. , choice. ,

and and

@10.10 oa 10.05

9.90 2.60

H choice. choice. .

and and

CATTLE

—Receipts, 1300—

(500-900)

Medium Common .... Choice Good Medium Common .. (1100-1300)

(900-1100)

| (1300-1500)

Heifers

Choice Good ..... Common, medium Good and choice . Common. medium

(500-750)

(750-900)

| Common and medium Low cutter and eyner Bulls, good . Cutter, ¥r vn Vealers Receipts, 800 Good and choice. . Medium. Cull and medium . Calves Good and choice Common. medium e? 6.00 Feeder and Stocker Catt (500-800) Good and choice § 5 50@ 8.50 Common. medium 5.50@ 6.50 (800-1050) Good and choice 6.50 3.3 Heifers— 6 5

1250-500)

Common, medium. §5.50@ Good and chpice

. 5 Common and medium 4.0 SHEEP AND LAMBS ~Receipts, H00— Lambs— Choice Good . Medium Common

Ewes (90-175) Good and choice . 4 Common, medium 3 (Sheep and lamb quotations on es basis.)

75 5a

Receip!s | 7500

$ 600@ 8.00

pounds, $10.10; 210 to 225 pounds, | $10.05; 225 to 235 pounds, $10, and | weights of 235 to 250 pounds were 9.90, Packing sows were 15 to 25 cents | lower and the bulk sold for $8.75 | to $9.25. Weights of 250 to 260 | pounds brought $9.85; 260 to 275« | pound weights were $9.75; 275 to | 285 pounds, $9.65; 285 to 300 pounds, $9.60; 300 to 325 pounds, $9.50: 325 { to 350 pounds, $9.40, and weights of

R | 350 to 400 pounds were $9.30.

Cattle Trade Steady

In the lighter divisions. 155 to 160 pounders sold for $9.60; 150 to 155 pounds, $9.35; 140 to 150 pounds, $9.10; 130 to 140 pounds, $8.85; 120 to 130 pounds, $9.60; 110 to 120 pounds, $8.35, and the 100 to 110pound class was $8.10, The cattle market was generally |steady on all Killing classes. Nine loads of prime 1383-pounds steers sold for $14.50. Other steers and yearlings brought $8 to $10. Bulk heifer sales were $7 to $8. Common to medium beef cows ranged from $5 to $5.75, the cutter grades, $3.75 to $4.75. Top price for sausage bulls was $6.50. Receipts were 1300 cate tle and 800 calves. Vealers were 50 cents higher and 5 | the good and choice kinds sold for $9.50 to $10. A few sales of good fed Western lambs were considered steady at $10.50. Choice grades were eligible at $10.75. Slaughter sheep were steady. The bulk of good and choice ewes brought $4.75 to $5.50; top, $5.75. Receipts were 500.

SAFE DEPOSIT BOXES

Reasonable Rental

Security Trust Co. 130 E. Washington

| BUY | Indpls. Power AND 6'27 and SELL

415 LEMCK

& Light Co.| NewTON 6% Pfd. 1000

E BLDG.

a Home

THE

family.

homes.

in Marion County

Buy a home IN MARION COUNTY. Own a piece of improved real estate. Real Estate IS an estate . . . for your You may purchase a home of your own with money lent you by building and loan association and repay the loan on easy monthly payments over a period of years tions have ample funds to lend on There are several types of loans now being offered and there is one which will ideally fit your ability to pay. Go to your local association . . . find out how easily and conveniently you may acquire a home of your own . .. with years in which to pay.

. Associa-

You meed not wait Spring to modernize your basement , , , cre ate a “hobby” or rume pus room. Do it now with a building and loan association loan, You'll enjoy it the baie ance of this winter as well as during het summer months,

MARION COUNTY