Indianapolis Times, Indianapolis, Marion County, 25 February 1937 — Page 22

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Wages Are Boosted

The Aluminum Co. of America today announced a 10 per cent pay raise for its 20,000 hourly rated employees. The raise is effective March 1 and will add ‘ $3,000,000 to the yearly payroll, the company said.

Abreast of The Times on Finance +

THURSDAY, FEBRUARY 25, 1937

Trends| + «

PAGE 22

Social Security Act Needs Revision,

Flynn S DATES SETHIR [| "ees Yas commcs 1 LIGHT RECEIPTS Vy VALUE OF GOODS ynn Says. IN MANUFACTURING INDUSTRIES New ork Bo nds ; By JOHN T. FLYNN » (NATIONAL INDUSTRIAL CONFERENCE BOARD) ” " OS ANGELES, Feb. 25.—A very MERIT TE x 8 remarkable statement was fy 0 F tRepinied From Late Times Yesterday) DOMESTIC : : : : : ILY BOND INDEX Prev. made in effect by Secretary Mor- o a ® (1926 Average Equals 100) Today's Bond Leaders— Close Close genthau, according to reports from STATE SERVICE & 20 3 ola 2 IN HOG MAR L037 a0 ee | BR emasontss sill HE Si U, S, UP IN 1 nds, ’ . “i ¥ Va Resin Pe Bs Sutera) : 2 & J 2 5 Today ...... 83 son 149 snex| Seaboard alt esis iii € S roughly yO UU, 000,000. = n z Yesterday .... 94.4 100.1 ; 8 2 “ ———— Many people have wondered how it A A 3 10 E 2 S “i110 m . imb 15 Cent Week Ago .... 946 100.0 ne pp Aller Corn 85.44 100% 100° ; 4 P Cent Over “a would ever be paid. That debt is | Examinations Scheduled for 3 2 I 5 All Weights Clim ents Meath Ags + 9811007 109 1006 Alleg Corp apis | Gains 7. er Len ve made up of about $16,000,000,000 of o ul 8 « Cattle [1907 mien oo 950 1013 aoe 1007 | Am Eren Pow ds 2030.0... 8 F rene 95, 2 106.0 100.7 0 ar saees ourth Consecuthe Great War donk She Sits Employment Branch THE PARKER CORP. GENERAL DISTRIBUTORS INCORPORATED INVESTORS On Run of 4000; C 1037 Low ..... 944 907 1048 99.8 | Arm & oo Del) 4s Bhraunres 1935 oy : the present de- Applicants. a Trade Steady. eriom PILE HL tive Yearly Climb. o pression debt The average weekly wage earnings of 25 manufacturing industries (Copyright. 1937, by Standard Statistics) Atch Top & S Fe 41s "58... — : last November was $25.84. Estimates place the labor costs of an auto- Wa WR anes rt 108

There is a possibility that in

Times Special

Balt & Ohio 5s 2000.

Times Special mobile at 24 per cent of the total. As shown in the chart, newspaper | Light receipts today reversed the (By F. S. Moseley & Co.) Balt & Ohio 6s

i . 8. Balt & os '60. Lan. y the next 17 | WASHINGTON, Feb. 25. — Merit | and magazine printing ranks second in size of pay envelopes. recent downward trend in the hog U.s SOYERVMEN? BONDS or BA Wiis «| NEW YORK, Feb. 25 Ths ie ; . 1 . ia : . years all but |eXaminations are to be gontiucied market at the Indianapolis Union Close Close | oil flee] ¢ as (60... 104, + | of merchandise exported from the next month in six Indiana cities to 15 | 4%s 1947-52 ...... 119.18 119.18 | Chi Milw & St P 55 2000... .. United States rose in 1936 for the $4,500,000,000 of | Co) ih a new eligible list from Stockyards and prices advanced 4s 1944-54 ..... [1110010 114.10 114.11 | Cleve Un Term 5s '73........10 : 3 ; it will be paid. ; In- cents 3%s 1946-56 ........ res . 112.27 112.27 | Cleve Un Term 4%s '77........ fourth consecutive year, according How? With the | Which future vacancies in the In ew or OCRS " 330s 1940-43 |. 1IUIINI 10881 10720 | Col Gas Ss May 52.001 10 or Tre money collected | diana State Employment Service Receipts in 11 packing centers hs 41-4 cheeses “os crsenn 108.00 108.00 ol Gas 5 April 5 RLS 1031 to the Alexander Hamilton Insti ’ TRoneY workers | Will be filled, the United Si}es Ru & totaled 43,000 compared with 68,000 a 31 1041-43 stniiasasae JOS 10000 Gan, Pac Pern rn tute. : announce a 3 were 4000 | 3%s -48 ....ciii00000ee. 108.10 108.12 0 ieee r ; ; xz and their em- Pl or a, Department of (By Thomson & MeRinnOp), High taw AIS Bley. ve SE ion) Teseipts Js I -» 107.30 0030 Colorads. & Bo 414s’ "80 The ying was 74 per con Righer i . . . . - teenssnnns o . y 3 0 . - Mr. Fi players op yx Government, Indiana University, High Low AM. Close Kresge 8 8... ans 3% Ei an At the close, 160 to 180 pounders | 33 1846-48 OER eT | ChE West gna ug a2 than in 1935 and 52.3 per cent high ; yy ® pensions. again was designated as special rep- | Amusements— “ % v wa JHEEE RH. caver 53. 53° 55° 53 |sold for $10.15; 180 to 200-pound | 23,s 1948-31 2A 04.50 104.30 oon Gas tus BL er than at the low for the depres ‘ , ponis May SUI | resentative of the Federal Service to (Loews tne ..... 3412 Tk Ia HM | McCrory 8 I 224 21% 21% 21% | weights brought $10.20; 200 to 210 [3% 1881-84 1111 dowise 10814 | Ber, SIR SG Mao sion, 1932, the report said. It was, prise many people. But what Sec- |. qyet the examinations. Radio Corp Ili lm 1 lik iit | Marshall Feld. 243, 225. 24% 223 | pounds, $10.25; 210 to 225 pounds; | 27s 1956-60 . ri 10a 20 0433 |N § Bock asta... however, the institute pointed out Toran ooigenthau says is Urue. Written examinations will be giv- BRC Century Fox Ms gi GIN 2 Mont Ward .... 62% 62% 62% 62 |$10.20; 225 to 235 pounds, $10.15, and | 2's 1949-50 ange 1s NS Dou mains 0 , ; I , The Government proposes to col- |. t}a evening of April 9, and the | Warner Bros .... 15% 15'%2 15'a 15% | Penney 3G". 08° os o8* 89% |235 to 250-pound weights brought Home Owners Loan Corp. Ere en a ie less than half the value of exports . lect from wages and ,employers |g.eemmoon and evening of Saturday, | Aviation— Fears Roebuck .. 83 8 8 8: $1005 334s 1 192. 3 192.18 | Grt Northern “H" 4s *46 . in the predepression year, 1929. i . ears i i . : bine o 4 «+ 8 | Woolworth ..... ’ 3 2 8 Sresvensecsnunn Grt North 4! ' . : ; during the nest 17 years in IS pp) 30, in the following cities: | Aviation Cotp... $1 81h 84% 8 | “pepo. Vealers Are Firm 3 1982... 104.22 104.25 | Gen StI Cast WW 51s 'd9 931. Foreign funds available for the social security taxes enough money | pyansville, Ft. Wayne, Gary, In-|curtiss Wright. 1% 7' 7 7, | Firestone 37. 37 38W Federal Farm Mortgage Corp. Hud & Manhat Ref 5s '57 .... 82; financing of business with the to pay all the old-age contributory | gjanapolis, New Albany and South Bote: WL (A) Bor Bene tn hr | Seodrich joi 40% 40% | Packing sows were 15 to 25 cents| 34s 1088 ...........lle, J35.32 - 103.30 TN Cons vous reall §3% 4 '| United States declined, the report i i y - : 23+ | Goodyear ....... S80 tintern Bl the Vth hata tl fembai 3 IF ......cceieres y . IGRES 70 atudsnavae : Candis : : - pensions in those 17 years. It pro- | gang, Nor Am Av... 13% Bs 13% 13%Iu's Rubber . . 5714+ 56% 567 563, | higher and the bulk ranged from I On Sard inoue io 991, o%., | declared, from $4,123,000,000 in 1935 pluses 10 coliety In aidinon oD Su Open to Citizens Und A (lies 3b 3 R300] US musher praia all 13 11 $890 to $940, top $9.50. Weights Interntl Hy Elec 65. 44... .. 83's 8's | to $3,715,000,000 in 1936. coh he Aa ol a Y os Mien Merit examinations have been | TC Westin in ao a Shee! id "7 77 76 of 250 to 260 pounds were $10; 260 10 Joins ( an I Tel % Fer’ 23 374 76 | While funds obtained from the dollars. And a 1e vast sum iodically in Indiana b Building— . : Am Roll Mills... 367 26% 36% 36% | 215 pounders sold for $9.90; 275 to om y Interntl Tel & Tel dvs 52 .. Wa 02 le of foreien goods the United money will be taken, under the conducted periodically = n on y Am a Slater “es fd 25% 35% 3628 Beth Steel . 931s 93a 931s 9 285 pounds brought $9.80; 285 to Letiigh Valley 2 200 .. 89% 5 5a ® ° Orewgh goo i Fh oor RC + i , y B atant dR ‘fc aa 79% Crue Steet. :. : 7 n 72 alls McKess ob 5'as ’ 4s : : ates ros § 2 i Y SUise of paying fof DiqtaBe pum a ae, uly, 1054 "With the Holland Furnace 3 on tin & "| Revotone Steel | 18% 18% 18s: 18 | 300 pounds, $9.75; 300 to 325 pounds, No Kan Tex Adj 5 0 rn TY AoE 103 “to $2419 000 oo in 1936 i boven on Whe, Pucpls ‘Test uhse exceptions of a few specialized posi Jonns Manville gee 137% 138% 1384 fndlum Steel ... 361 36 J8 ~~ 36s/$9.65; 325 to 350 pounds, $9.95 and Nail Steel is 65 ry ; institute said, this increase was . : : bby Owens Gls 3k asi S300 Natl Steal =a) i cke Id vraenens 93 94 : : : *- s» tions for which no examinations |duis'mlev |...0 41% alta 4 dog | Nal Steel pou Bb, HB. Nn ints ol, 350 40,400 ponds Were Nickel Plate 512s “Td. 1111] 10358 103: | more than offset by @ drop in forte 4 ised, everyone in the |U S Gypsum. 93a : 5a “914 | Rep Iron & Steel 3 By ent 5s 20 eign gold and silver shipments from HE excuse for this is one of [have been devised, everyone Ir ae [Warren Bros ... 9% ia om on | Rep Poe & Hiv 3 81 80 eau | In the lighter divisions, 165 to 160 N ¥ Gent 4s 2013 (old) ifn gold and sitver shi : ‘ Indiana Service from Director Mar Chemicals— u 3 N Y Cent Conv 6s $2,075,000,000 in 1935 to $1,296,000,000 those specious reasons which to the fl , |S Steel... 112 111% 112° 111% | pounders sold for $9.75; 150 to 156 Nor Amer Co 5s iC Il tand the slight tye [Sn wn © “le am com Alcohol 20a 2% 21% 26% Wein Pipe & My J3l: “dM #. Hu !iounds, $9.50; 140 to 150 pounds Nor Pac 3s 2047......... ny in 1936. will not stan e slightest analy- |clerks hold merit ratings. Col Carbon ..... : gnstn J 4 , Va , $9.50; ) etn

Exports of merchandise from the i United States expanded despite this

Nor Pac 6s 2047... Penn Ry 4s '63 ...

Com _ Solvents... yz 184 18) 184% : 1710a Penn Ry 4!is '84

Application forms, announcement |p, pont Tobaccos—

$9.25; 130 to 140 pounds, $9; 120 to : : : ’ 2 3 r ' » 15 14 4 12 1 booklets, and detailed information | Freeport Tex es 29% 2012 29'a 29% | Am Tobacco A, 23% 93% 93% 93%

sis. These billions will be collected 130 pounds, $8.75; 110 to 120 pounds

y the money w A 5 B. » 437 437 48! thoy 3 Va adc * curtailment of foreign funds since on payrolls and oney ill be concerning the uirements and | Mokd SRB; CC 381, 381s 38's 38) | Lig & Myers ‘B' 110% 110% 110% 11012 $8.50 and the 100 to 110-pound class feny Ry Jas 50 5i3 eb the amount used os the financing used to buy up outstanding or new | ne nature of the examinations can | Nati Dis new). 2002 200 28 2% | RRIIAG oo 2% 20% 2 20 | were $8.25. Pars PuBhE of oa of invisible items, such as the pur : chenley Bt... 8 Yeoh " : : : % 2ms, § & - Federal bonds. These bonds will | be obtained by writing Prof. Hall at | Tex Guif Sulph.. dw Gn au di REVHoMSs Tob ‘B’ 56 55% 56 55% | All Killing classes in the cattle EN EE oe 38% 39 |chase of American securities a : ™mi i KC -_ i i 1 ’ : cd - ~ AY be owned by the Social Security | Indiana University, Bloomington. Ynion, Carb co Sor2 397, 40% 39% | lee 1% 19% 1% market were fairly active and fully Rem Rand WW 4s 6... ale 113 | dropped from $1.840.000,000 in 1933 ’ Board in trust for the Workers’ | The closing date for the filing of Drugs— | Belding Hem ... 142 143 1415 14 steady. Most steers and yearlings Sou Pac 4129 "68. 0 cinerea 95%, 96 | to $1,262,000,000 in 1936, the report Old-Age Pension Fund. That [formal applications is March 22, |pambert ....... Be Bu Bu Br Coie agen: fn 33 34 33: |brought $3.50 to $9.50 and a few Bo ng NE | sid, sounds pretty good. But just think | 1937. Bon SMR: 43%, 423, 42%. 429; | Indus Rayon ... 37's 37% 3714 371; odd head ranged upward to $10.50. Sou Rail 4s '56....... Tassie 83% 82% ey it through. The examinations are open to men | Walgreen ...... ML 4 aT aT | Kayser Julius 2 By BB Western: Lambs: Div Sou Rail Bs '56 _..... 103 © 1081 : , This thirty billion dollars will be and women who are citizens of the | Equipments— o % Utilities— ; ! p | Texas Pac 5s '80.. 10612 10715 Other Livestock collected from workers—practically United States and who have resided am Loco Fiy... 23, + ee 65% | Am & For Pwr . 12% 123% 123, 12% | Heifers were largely $7.50 to $8.50, Texas pac 35 138..s 1004 105% (Times Special) : ot in Indiana for a period of siX| Bala Loco . . 85% 8: 8% 814 | Am Power & Lit. 133% 13% 13% 13% t to medi Third Ave Adj 5s "60. 40'2 41 LOUISVILLE, Ky.. Feb. 22. —Cattle—Es~ all of it. Half will be collected |, hs" jmmediately preceding |Gen Am T carl 81% BIN BIN BLIAT&T CTC 17% 138° 119i a few at $9. Common to medium Union Pac 4s 47... . 113% 114% | timated receipts, “150: Cows active and i i 7s ee A 9 3% a i 53. rennin 02 tilling clas: . Slrecuy ro ete age SnV Slopes. March 22. Each candidate must Se) BUS sig 61 81% 61° 614] Col Gas & Elee. 11% IT 17% 17% beef cows were $5 to $5.75, the good United DIVE 55,33 eeesrurers ar 10a f BI Te ng ei floaty, e other half Will be paid by the |, 0 certain minimum requirements | Poor & Co .... 20% 20% 20% . 29% | Com & Bou...... Wa 34 3m 30% kinds, $6 to $6.75, the cutter grades, NY NH & Hart 6s "48 ........ 285, 35'2| and part load medium to good steers, $7.73 employers. But they will add their : ed : Pullman Inc ... 68 68 68 6812 | Consol Gas . 43's 42'a 431s 42% Aah NY NH & Hart 4'os '67....... . 52% 51 $8.75; good fat cows, $6: low cutters. : y : ; as to education and experience | west Air Br 521; 3214 52% 51% | Elec Pwr & Lit. 23% 223 23% 23 $3.75 to $4.75. Top price for sausage Warner Bros 6s '39............ 98 Bats | I art Br On ere utatrey ot aa ar: share to the cost of doing business |); are set out in the announce- | Westingh Elec. 154 = 1854 = 158 156 |Int T&T oli Dw HM ey eh, F Western Mary 5'as "17 ...... 106 106 | $4.30: several sales medium and zood and include it in the prices of the ment bailetin Financials You SX EA Shu, 2, 2 2% bulls was $6.25. Western Union 5s '60 ap 18 108% Western calves to country from $7 to $8. : : : . : oe 2 2 2 . s 3 siene 3 . yes— imate ; Ss. 250: ing things they sell—which things they Adams RE oorp: 19% 181 18% 18% | North Amer \... 307s 30% 30% 30% Nenlors go Steady Fa the Sood Frederick L. Sattley has joined | Youngstown S & T alas 51 235i Inn | Shivesminumated reesipls 330; Sncding ’ sell chiefly to the workers of Amer- egheny Corp 3 A i | Dac o cee S274 va 4 and choice kin SO. or $9. 0 opening more active and fully steady . : : Am Int Corp... 15% 15% 15% 15)a| Pub Serv N J... 48% 48'2 48> 48 : the Trundle Engineering Co. in | Argentina A 6s '57 andywei } jea. So the workers will pay almost |B. & 0. LOADINGS GAIN jax, IL So: 62 gla gla 81s|So cal Edison. . 28 29 29° 28% |$10. Receipts were 900 cattle and it 2 and Australia 412s 56 £900, 500. sholte handywelgms d20 10 all of this thirty billion dollars. Comm fav Trust ona % 707 71 Bore & Webster 3 . 3% A i Ba0, $00 calves. Clevelany 2g 8 Sian n Be Govt 4s '60 10 33.50. mi ii—-Esimated receipts, Yob; It will then be handed to the peo- | Times Special Transamerica .. 16% 163% 16% 162 | United Corp Yu PB “1 Most of the run in the sheep | librarian. Mr. Sattley formerly |p nmark 4'a Se as Jo Tomy 2c higk.- " ple who own United States bonds | BALTIMORE, Feb. 25.—Baltimore | Foods— on Cas Imp wav 39 13s 3s, 33 [market consisted of fed Western | was connected with the same |Gomrn dias 65 most good and choice, 190 to 260 Ib. aver-

ages, $10 to $10.10: few sorted, $10.20; underweights down to $9. Sheep—Estimated receipts, 50; fat lambs nominally steady;

—-bankers and others. When this

and Ohio Railroad carloadings for |AIMOUT ooo: iid 3% 971, | West Union .... 73% ST me 3% 73 happens, thirty billion will have

lambs. This class was 25 cents . January totaled 198,166, the com- | Borden Prod 267% 263% 26% 26% company from 1926 to 1935 in

lower at $10.50. Some freshly shorn ¥ Japan $a) sy

y y G A 28% 283 28% 283 ' 54... . Pe : good and choice ewes and wethers, quot= been taken from the workers and |pany reported today. This was an GNP. QAR 738i 3a 3s 34nd Ch . lambs sold for $850. Not enough | charge of sales in Indians. snd Poland 25 41 verertreirians : 81 | able $10 to 10.50: common ‘and medium will be in the hands of the former [increase of 21,529 cars over January, gorn Prod So oa HE ae cag 0 toc S native lambs were received to make | Kentucky but illness caused his fy 59.50, nein Sn io 3 g husks, dost bondholders—chiefly banks. The | 1936. Gen Baking .... 17% 17% 17% 17% (By Atkins, Hamill & Gates) a market. Slaughter ewes were | retirement two years ago. eo, (By United Press) workers will have no part of it. aw goo deve 38 38 dens ; : 11:00 Prev. | Steady at $4.75 to $5.50, top $5.75. / ocal Securi f1es : LoTR Feb. 25.—Hogs—Market. 13 . Hecker Prod ... 143% 4% JMU MN A.M. Close. Receipts were 3500. 0 c hig steady; 200-2 25 ibs. : : ; $101 2 : N theory the Soc | [nvestment Trusts |ilwic dn #8 aN advance Aum oe Bou ri (Br Indianapolis Bona & Share Corp) | $1010 10; 205-30 ios, sprain; 250 i eory the Social Security By Thomas D. Sheerin & Co.) “:> Devt D3s. Bar D4 Alea Produms oo iii 2% 2% The followin quotations do not repre- 35, i0- 2 Ag aa. lbs. 39.354 (B) Natl Prod ... 237a 35a 4 3 1 : y atl D & n , | Asbestos Manufacturing ‘eas 3% 3% u tual bids or offerings, but merely Board will have the bonds. But hk Bi ghik | E Purity Bak s 3 fh a 2 De Truss Wheel ........... 14% 14% | Feb, u p_ Receipts ’ Indicate “the approximate market level | a 80; $7 sigs sai” 3 d 100 in fact the bonds held by the So- | Administersd Fung 2a, 8030 $2038 8 For Rieo sig: 3, Mn 35, sn) Behon SLUT ji IE sustulen uth "dhs Based, On blunt and selling inquiries Or Calves, $0 don. Lamot, $1050 down : . « IL v | 2 S12 | Butler Brothers. ....:...i.s... \ V \ \ 5. cial Security Board will be mere | *American Business Shares.. 1.30 143 Swift & Co ..... 27% 2% 272 2702 | Central Jrother publ Service .. 80 79%; | 22. 10 206 10.50 10.50 5000 recent transaction . i —— i : Broad Street Investing ...... 36.53 39.09 [ Swift Intl ..... 30% 30% 30% 30% | Chicago Corp 6% 61. |23 9.906 10.25 1025 13000 ncome aX BONDS v pieces of paper, promises of the | pT Sa Tia ii 208 223 United Fruit ... 82 82 32, 3306 Cities Service .. ...ll.ll.L0 ais ai 2a [email protected] 10.10 8000 Bid Ask Government to pay the workers | Century Shares Trust ...... 28.16 30.28 | Wrigley ......... 2'a Naz 2% 2 | Commonwealth Edison ....... 123'2 124 [25 [email protected] 10.25 4000 Gitz Ind Tel (TH) los ‘61 ....103% 04% | [Ve Bond. Is Issues thirty billion dollars and the in- Corp ‘AA’ or ‘Accum’ {mot 35 ‘el Household— . Cord Corp «..covuisvnnse “athun si 5 Light Lights— Tel & Tel Ft W 52 5, 55....103 104, oe . Corp ‘AA’ or ‘Acc’ (unmod.) 9: ‘vb Col Pal Peet.... 21 20% 21 201, | Crane Co ........... 5134 52 . (140-160) Good and choice..$ [email protected] H Tel & Tel pA W bs 43 ....108Yx 1 2 (By W. I. Lvons Coil verest on it. Corp Trust Shares (orig.) .. 3.08 Congoteum. -.... 4312 43% 43% 4% Sunningham Drug’ . 25% 251) METI vr oss 8.50@ 9.85 (28th of a Series) Ind Assoc Tel 42s '65 ........ 104 106 . 1 : " | Diversified Trustee Shs 2. 12.30 ++. iifoh hawk Carpei. 3ta 302 3% 3 Darton Rubber ... - 244 24% | pightweights-~ Indiana Tel Co 5s '60 . ...... 98 100 fr oe a But the Government has no | Diversified Trustee Shs ‘C’.. 530 .. \ 2 32 313, | Field, Moe C24 223 : ms Indpls Railway Inc 55 6% i. © 70 | Argentine Rep 414s Diversified Trustee Shs ‘D'.. 5.90 8.5 |Servel Inc o.... 334 32. 32:, 32" |General Household 3% Ty (190-150) Sood and choice... [email protected] VELING | | 1hdpis Water Co 3125 66 1660 102 | Argentine Rep 4s MONEY 10 Pay interest of to Pay 1iividend Shures Tne ........ 308 233 Simmons ped 11 30 : 2 GodchauX o> predoe” - 30, 821 (180-200) Good and choice... Ras | | PEPUCTION FOR TRA Interstate Tel & Tel 5%s '63.. 99 101'; | Assd Tel 4s "65 .. bonds. If the Government ever | Fundamental ...... ......... 25.81 27.2% Mining— Great Lakes Dredge ..ovvvvee- 2415 247% ICRI case ones 9.50@ 10.00 EXPENSES Kokomo Water Works 5s '58..102 104; | Atl City 3's "64 wants to pav the bonds it will have General Investors Trust .... 7.40 8.081 a1aska Jun ..... 14% 14% 14% 14% Jarvis W = "abe tiaubuuae sevens S138 26% Medium Weights Morris 5 & 10 Stores 5s '50...100 103 5.0 4155 39 os S pal > : / Incorporated Investors ...... 27.03 29.12 Am Metals .. 3 66% 64% Batz DUE ....oovosvisvsviese 16 15% (200-220) Good and choice.. 10.00@ 10.25 O OBTAIN a deduction for Muncie Water Worl 3 5s '65 ..103'2 | C alif Oro Pwr 4s 6 to get the money in taxes. And | Market Street Invest Corp .. 37.22 39.58 | 30 Smelt, vy 96's | Ken-Rad Tube . .............. 2812 28% 350, Tod anc opaice.. 10.006 10.20 Noblesville H L & P 6Yas '47..103 = 104% [Cent Maine Pwr 4s °6 . fron 1} S11 3 h » | Maryland Fund ............. 0.52 11.50 | Anaconda 651, | Libby MeNel) & Libby .ouiuen. 14%. 144% Heavyweight ln traveling expenses, which Ohio Tel Serv 6s '47 ..... 100 103 ent Maine Pwr Bla 28 oy Ww dom 1] it oo u € hind Massachusetts Investors “is 30.03 31.38 Cal & Hecla 13% nc un ve 11% 1250-290) Good and choice.. [email protected] form an important item in the Richmond W W sss ERE 108 10613 Shneirfan 5.5 E, rom ¢\ of the nite Mutual Investment nd ... 1%. 7 , A 7 airy Pon alae tt ery ) L 1290-350) Good and choice.. 9.45@ 9.75 m Seymour Water Co 5s '67.... 2 ; EY Cac 5s 5 the people NOtion- Wide VOUDE .:.vvs. 226 247) CRS 2 ee 221, | Loudon Packing .......... 5a 5% | packing Sows— 9 . t f any taxpayers TH Trac & L 55 'M4......... 108 © 110 |Qudahy Pkg 3%s a 102 States of whom the workers form | North American Tr Shs 1955 374 ... H t oe ‘Min 385% 387 | Mid-West Corp ............eve 14's (275-350) Good 9.25@ 9.50 returns o m 4 T H Water Works # I56.2a0s 102 j04 |Cudahy Pkg 4s '50 .. 105 the greater part. North American Tr Shs 1956 3.67 peg Al Boy; [ Noble Swarks erp” - $30 | (350-425) Good ............. 8.13@ 9.35|| certain regulations must be ob- || T H Water Works 6s "49... .. 103 105 Elec Nor 3 Lite 4s '52 ...... 04 111 " Yas by 3 r 34s . «+» 85Va 9578 At the present time 60 per cent | Bon Ame Tr On (new) 18.99 20.80 | INS Qopper .... 3152 | Sehwitzer-Cummins 26% | (370.350) Mogan Llink: dja 3.351] served. : Te I ke Js 0 |Houston Lt'& (Power 3155 66.1027 10313 of the taxes are paid by them in | Selected Amer Shs Inc (new) 16.00 17.44 | Isl Creek Coal .. 27 263% 27 27 |Sundstrand Machine 25 | Slaughter Pigs— The taxpayer is required to . ’ Indpls Water 3los '66 .........100 ~~ 1003 : ok } Selected Amer Shs (orig.).. 428 ... | Kennecott Cop . 65 641, 643% 64% [Swift International ... 31 (100-140) Good and choice.. 8.25@ 9.25 : Belt Raiiroad & St Yds com . 59'2 62 |Iowa Sou Util 50 oie. 10614 107 invisible and low-bracket income |gejected Cumulative Shares. 11.08 ... |Park Utah ''s “Sa 8 Sh ok, Bat Radio Prod ............. S45 re vere . 7.00@ 9.00 attach to his return a state- Belt Railroad & St, Yards pla. 59% a2 Basan p 3 L 4155 "65 108, 10814 . y “2 1 3; 1, Walgreen .. ........sscuuvnvens . 1% C 2 s S Tie 253 : taxes. And so the money will be | Selected Income Shares .... 578 ... |Phelps Dodge . BBM: 58's BBN BAL: | WA RIED, Lustries Loin ip i ment showing the nature of Cont nd F & Te $v vane... 831, | Kresge Foundation 3':s 47 |. 104% 10474 State Street Invest Corp 122.00 St Joe Lead 57 5 543s LE : ® y taken from them first in the form | Supervised Shs Inc (Del)... 1511 1643 |U S Smelters ... 93% 92 93% 92 [Zenith ................ 37 38 —Receipts, 900— business in which engaged, Hook D0 1 “vere 91a 21 Jong Islan BR 4s 40 ...... 10312 104 . of social security taxes to bail out Trustee Ry Oiidiis 19 1.14 | Vanadium ...... 32 31% 32 31% (500-900) Choice $11 3013.00 number of days away from Ind S30 Bie co ota 7a 12 110 Jos Ange es AB rl 20 ' United States bondholders and |srTrustee Standard Oilshs ‘B' 7..7 ... Miscellaneous— Good [email protected] | | home during the taxable year | [Ind Gas Co Com... ........... 24° 28 ([Mengel CV 472s "47 ........... 115° 119 : > sii . ) aL { Medium 7.50@ 9.00 Ind Hydro Elec Co Ts 80 83 Metro Ed 45 765 ..........¢.00+: 107 107% then it will be taken in large mea- *Ex-Dividend. Allis _Chalmers.. 72% 71'2 92 71% N. ew York Curb Common 5.75@ 7.50 | | on account of business, total nd oy * : 31, | Minn Gas & Lite 4s 50°... 11.108 : BM vpn 108 10734 108 107 { " . . » Indpls Pwr & Lit Co pfd "6s.. 96 981% C : . [ure {YOM Ue 3p0jlk 0 pay He Am Much & Edy 3s 23% 20 23% By Atkins, Hamill & Gates) | OI BRE amount of expense incidental ||Indpls Pwr & Lit Co nfd 6lac 100 103 | RALTA REC 358 100 ooo ooo 100, 100, interest on their own bonds and to Produce Markets Prin Man Tri» Hu oN 5% od ay Ham res Prev.) Medium 750@ 9.35 | | to meals and lodging, and total ||y a RR eh ele © ER NY State Elec Gi ‘Gas 4s '65 coe 100% 100% pay the bonds which are due to (The prices quoted are paid for stock | Contl Can . 8s 61% 614 61% A.M. Close | (1100-1300) Choice ©. . 1113 a13.29 amount of “other expenses” in- Nd pub serv bid 8s srareses 33 5 Ohio "Edison 3%s "12..0..00000 99% 100%a Rhein if they are over pail FS Emer Pots are del: Guominenest oh 2 HN Bu I ous Ymetica.....)03, M5 Ci Wg 923@1135| | cident to travel and claimed as || Progress Laundry Co... |... 17 18 | GK EA Aine 39s 66 103% 101m But as a matter of fact, the very higher Ze I full case of cxgs must weigh | Curtis Bub RO 11 Agu 10 is Ameorican Cvnamid “BY. ...... 3914 3215 | (1300-1500) Choice [email protected] | | a deduction. Sh sen od a BE 8» Qtis Steel dias "62. ..... aL . nature of the act implies that the | *gBoN REP Tricuy mresn, toss ott, 1% De ean Kodak 170% 170% 170% 170 im ET Hs A ic i ii Among the “other expenses” || Terre Haute Eic CO bs........ 08 107 lio OA rE nee... I bonds will never be paid. 2 | Foster Wheeler. . 51 49's 51 49; | AEC ar] Gas “A... I1'* 11% Heifers are tips, provided they are rea- Union Title Co com........ Le * Peo Gas Lite Coke ds '61..... 96% oT This is one section of the Social |yeanom breed hens.” hosva tbe rents Gillette... 1816 18% 181k 130% Barium Steel ................. a, | (00-750) Cholee ...... ve. $ 950@1075 | |< nable in amount Penn” Ry ‘314s 62 ........0 11078 108% : i hi " t BD iat . 2 78 | Carrier Corp ceraesn 44 2 008 ...viiiiiuaes 8.25@ 9.50 . - 1 Tel 4s : oo vee JOE “rs Seeurny aw which Congress ought | breed Leghorn breed I re Tar TRS Inter Harv 0 108 103 108 Chicago Flexible’ Shaft........ 6312 Bh oro-000) SOON. medium. 850m 8.35 3 on Unlisted Stocks Baliwgy 3 Hie Sec 4 4125 '55 338 + ibaan to get rid of at once. Pacis stags. 9c; Leghorn breed stags. 66: | Doon B . s L 38% olumbia Ol .......ccuvuuvuee \ 750- ood and choice... [email protected] 2s creeenre.100 03 5 Chg Bottle ...170 169? 170 169 i C 9! Comm . % v By Blyth & Co.) Wisc G & E 325 '66 .......... 102 102% (Copyright, 1937, NEA Service, Inc.) Ered and Tai 8 and ip Jull-féath: Rem Rend... 28% 2 28 3h Sooper B Bessmer rer. jz Si. HI. 5500 RAVELING expenses are (BY Bid Ask |Wisc Pub Sve ds 61 1111 1035 103% Ee —. full-feathered and far. Rurkeys, young | VIthngtn Pump. 4 2 2 “se | Eagle Picher Lead... ... “aauane 2 2634 Good deductible only when the Bankers "TIUSE ......ovennves 1914 1% . 2 Motors— Electric Bond and Share " 253, | Good .......iiillliill, vere $ 6.00@ 6.75 Chase ........:: “itr eiasanees \ 2% Fruits and Vegetables |i" "Sn: 8 oe Se ihe, Jud oes Chrysler va 325% 33y% 135. | Tord Motors Canada ™ 31s Common and Hon . 3430 +33] trip is on business. They are Central Hanover ............. 11] 143% # Butter—Cream No. 1. 37%@361zc: | Gen Motors ... 661 631s 66% 63% a a yas | B - limited to such expenses as are .» 16 1% otations below, subject to change, are xX . “ 2 “ Greenfield Tap and Die 1234 | Bulls, good ......... 6.25@ 6.75 1 0 suc pe Continental Illinois . + X18 17912 ave. wholesale prices being offered to No. 3 ease. " Buttertat—o. 1. ste; Bom MeV... Lt oii ali oi¥ IU TTT el I | Elen, ooh "susa 475@ 635 || reasonable and necessary in || Guaranty .......... 8 38 4 ayers by local commission dealers.) : RR Mack Truck «... 56. 557% 56 361 | Humble Of ah ning 5s Vealers Irving ;oo.e-.es 2042 . purus Pears, aliens AVOCAts (By United Press) OH 5 vers vanes Bu [Ww WN International Vitamin 1100 8 —Receipts, 400— tie eOTMiICt DF ihe baSiness and Manufacturers .. 86% 65% Savings and Loan 20s-245-30s, box, $3.50. Bananas, selected. | CHICAGO, Feb. 25. — Beggs — Market, Packard ....... . i : 11% 1 8% | National Rubber _............. 1413 | Good And CROCE «sxe sok uns $ 2.00010. % y . National City Cleveland ..... 36% 38%; Association I. Sic. Apples, Now 1 RE steady, receipts, 7499 cases. fresh graded TTT ee 1% Rd 18% 1815 Niagara Hudson Powe: “haan 130 13% Medium i dai ‘ereee ia 3. 3% Traveling expenses incurred National Shawmut .......... 33% Sir o's a 2 St ho - | firsts, 22¢: extra firsts, 22c; dirties. 18%c; | White Mtrs .... 312 381 381 31 TRYS: 4 Yass) Yi Ji medium 1110 ; in connection with a journey to || First National Boston ... ls 30% 28 Sout inois St. v man Hk %n Rofehes wh 8 GH Ne: 1 Jona. | current “Market, ur. say | YOOW Truck 138% 35% 33% 35% | Ritliess Iron and Steel:lllll 18.0 13% Calves a city to ihe) or ee FIRE INSURANCE hans, 27: inches up, $2.1! 1_New tl A Motor Assessories— SERaL TACK x vivyouzes tortor 33% 33 (250-500) Good and choice..$ 6.00® 8.00 Aetna Fire Insurance ........ 52 B44 ; York resi Ras Wi, SNE | BT ptt hadi 1 mend, Te am am ge Serb ot oni gE gh) Com eli 3608 860) | employment are not deductible. || deer lf of tvs 111 Bd Ho Ore CTTeie inesaps, + No, ) Ste: | 4 - N aN 1 J 7 erchi Brothers ............. 1 A der an ocker Cattle . A JOAN verre 9's ‘8 ¥ we York is. 2% inches up. $2. Lemons, a 3c; firsts, 313, @32%c:; stand pohn Warner ag% Bh a + 8 | Stutz Motors :* : a 21s (500- ® Ay Good and choice .$ 650@ 8.50 Suburbanites who commute Palumore. mer} BRE vars * 45 48, BEMIS AUTOMATICALLY TYPED Sunkist, a= Re, $1.56 nme Diexican, Poultry — Market, steady: receipts. 30 | BOERS ., .-...... % 541, 547% 541, | Sunray Oil .. ji mmon. medium. 5.50@ 6.50 daily from their homes to their Franklin Fire ...... Le. 32%, 2% ADDRESSING & MAILING ¢ feted dhe Veal Binge Wier | tucks; Feng, Hes ouch, Sotho | BMY MIC HY BE HE BRR i | oon GET SH: $88 88) | plas of usiness are not per. || Gi, Agri ment EL) BETER ris 3 s i saa ‘a 8 " BR Tan om ae aU ee eh oa EoNationf]l PIE ..icevevininiene ut pi E J Ly st 5 navel Seas so. | I eaRTles oc 30s, {3atee: Yeghorn hone LE He hens, Blee Auto Lite .. 43% 44% 44% 44% Beller . mitted to deduct the cost of Hartford ............ .s 3 la 1% MIMEOGRAPHING Tete SR onan, FORE | UB OA RE es, 1ms@ [Groene New: fo fu BE | Money and E Brchanye Como bog arin 112. $78 $33|| transportation, it being a per- || Hanover Fue eB ie hamper, $4. Beets, ono ow a *@ | Houdaille voi D8Ys OAS BUN BON] | sent anammate on oonber 1 SHEEP AND. LAME j ’ sonal expense North River 287s 20% new Texas, 3-doz, crate, Broccoli, 173c; longhorns, 1712@17 BY os By 3 a o41 INDIANA 1 ENT SHEEP AND LAMBS p . or 'e 94! 963, | FWO NOTAR x & 3 8 Sto, pet 3 i bien. | te Brus: | ~Fotatoes Old tock. Super moderate: Stew Wamer |. 18 181s 18 19% Clearings TEE 180.00 —Receipts, 3500— Claims for deduction for ||Ehoenix ........ 5% 04 303-307 Merchants Bank Bldg. LI-6122 . : . 4 A 18% 19% | Clearings ....... satvunies asitait 51 H92 Pree. New MC 50-Ib. bag oC new TEXAS. Market Sui, Maho Rust a Os 30 Timken Det Axle Bo 2h Pn 2%. | De ILS cuunnie Shaarianauas Maresess 8,543,000 traveling SEPeNSes mu be Westchester Fire ... v3 38 i "ate, u 3 . y 4 Bb. $1.25. Cauliflower, 10s-11s-12s erate. | Red McCiures, [email protected]; Colorado Rus- | Olls— TREASURY. STATEMENT Julstantiated, When reguite by 2. Celery, Mammoth, doz, 75c; Florida. | set Burbanks, $3.35, Maine Bliss Tri- | At] Rfg ........ 33% 33% 33% 32% the Commissioner of Interna I Ge 0 oS Heme Rothonce: | Whines, $345: QO 8, Commeromis, $3106 | Dornsdall ...... a Wh Hu 0] nor aed Press) t Revenue, showing in detail the C i t LOAN Terms x jchigan, doz u T's S Vhites : U. ommercials, " Feb. 25. — Governmen ’ y . gor. $1.50. Chives, doz. pots. 0c. Beg | 2.37; Michigah Russet Rurals, $2.45. New 13% 23 23:.| expenses ana receipis: for the current | (og.ius amount and nature of the ex- More onvenien ant. Florida, doz., $1.30. Kale. virginia, | Stock—Supplies moderate; market stead 15 15 143, | fiscal year through Feb. 23, compared 9 Sood Mi and ghujes . 118 3.1% incurred 6. . ous Ta tues al howto Bliss Se a ioty, Buchel Rae Doss 30% 30% 30% | With a year A oi t Yea Sheen and lamb Ta on clipped penses , s, § : iss ; , 0 183 1 3 s Yea Las Sher. L-v5 . Pers. I Res: | $2.05. i : PhiNipe Pet .... 53% 53te ia i3 *® | Expenses . $4, 99, 218, 258.80 $4,682. S66. 33.00 basis CELTIC FEDERAL , ; BO oe ws oe Ton os 52; on track, 293; shipments, | plymouth Oil ... 25% 3 23% 25 Reteipts : 3013 nt 3.303. So1.842 oe 0 15: Western Spanish, large. $1.00: North | SNEILOR +oveses 3% 3m 3 i310 | Cash Bal.’ 135146334305 1 838.532.291.08 ern white, $1.75. Parsley. Romegrown, doz., . Sot Var ln 181% Y83e 3s 324 Pub. Deb 462,242 2: 117988.13 a as aren hunch S06 Pavenint 1 @ I3¢8Emer Fieenndanh 50¢ VEE... uu . 5 18% . Debt... 34,550,355 415.90 2,117,988. oc ooueke Te, Jarge a = rs, Laramie. Other Livestock SO of Cal ..... 48%; 48, 48', 48% | Gold Res. .11.417.481 877.03 10 160.430.912.01 00 Ramper, $5.50@6. Potatoes, Maine Green oo 2) United Press) S 3 5 M4 ches 8 aes 1% 47% Customs .. 201,663,126.14 249,908,810.78 y Mountains. 100-15. bag. $3.35: IGah0 RUS | cuciizem yam or. were. susie J Re, 0 NJ verse twang : : Is, $2.85. Colo- Hogs— Texas Corp . 52% 52 521 521, : Fado Mcciures, Ts ,Fiodas. New Tn: 13000. nehiang RE “Na On DU oF ‘Gul. HB ww 3%! Fruits and Vegetables TRUSTEES OF INDIANA UNIVERSITY are repaid in monthly payments phs, 50-1b. box, utabagas, Ca- hi rage; ily Son i ie 8 oo er Potatoes. Nene top “510.15; bulk, I ols es 180- Atchison ....... 5 uy 7 "43, (By United Press) which | NCLUDE estee, Saey Hatin Rimper S10. font | hut, $005G1010; gona ‘sows arity chan | Bly CRut Tinh Ahk Shi ge ami | GRINGO, Feb 35 Anpiaichiamn 14% General Obligation Bonds —— : BTU EET gon Swit 0 | ee mecoipte S000, caves, recaps | RN FAGES 0 HE HL I 16% | ans Bier oie Sotho Bi: 3 ii ubarh. hothouse, No. 1, 8-Ib. carton, 43c. | 1000; best yh a Si Fong Shi & Ghow pia S02 Ser fiz 85 | Llinols bu. Sa8Sc. Spinach Texas hu. (For School of Education and Laboratory School Building) ® TAXES and INSURANCE 1 ihe "Squad . Hubbard rd, bu. | and choice kinds showing advances on z 3 2 - P pid oe az 3): oh : 2.2550. Cauiifoner "California, crates 7866 5 ad INTEREST bu, $1.15. Tomatoes, re- | shipper ccounts; compa little f b 2 a exican, ham 3 ed Tos Phat. Hi 25; repacked, best, | in Pn: weighty steers ie oar Bol a. 3% 3 Yo 8Y Celery—Flotda 10-inch crates, $2.50@3 %. Maturing Annually August 15, 1938 to 1957, Inc. eP RINCIPAL an BE box $1.50 tioned yearlings in broadest demand; Bel'vac Hud... : Rv 3 p+ Sve ions 150 B. Sacks)—Illinois, indiana and vr common and medium grades about steady pid 30% 30% 30% 29s; | gan, $1.10@ ana > . A : Li yme on our 12-year mortgage ) hi G in Futures S14. So aid Tor 19631b. ave mt orn ar ho pid. 48 48% 48% : Principal and semi-annual interest payable at the American National Bank NTHLY Peis $10.00 per month for iY Chicago Grau Toads 1350- cIb. to 1550-ib. steers, Syn 6% | K © aly Be BD at Indianapolis. MO £17000. plus 1-12 of annual tax and in- > common and m um gra Vi (By James E. Bennett & 7 Prev. | All she Shock, Ra ‘scarce; cutter rade | 3 Lenten Valley A 20% 20% REDUCTION surance. a . | COWS an ow: riced eile: active; bulls, le 4 Wheat High Low A.M. Close steady at 5. R down. vealers. steady to MK & Tr pid. EH 32% iA Similar issues have been held to be exempt from of No Commissions, Slagonsble Interest — er selec weights; ship Mo_Pac 10%, 100, 10; May ......- $1320 S130 ale 2 $). Tare Teer: Snow advance in bringing $9.18 | N ont ...... B% wy . Federal Income and Indiana Intangibles Taxes. PRINCIPAL § fomil ant, Lli% 111% 112° | Sheep Roce including 500 Ea SE : Loans on one to four-family J] P 8000, n est 8 5% 57% directs fat lamb supp eq ound_ 50 ber | Nor Pacific ..... 2 3% un and dwellings in Marion County v 106% 108% 90% | TRALNER OTAGO! arco. Wethrs: tat | Pond Roo: he Bue am he General Obligations of the INTEREST 198. 192 101% hea opening slow, earty indications Rane, Br Be a These Bonds Are the Genera gq are solicited. : 98% | strong 2c choice | Sou R R [...... 33% 32% 3a, : Fweights, 310.65 bid ‘on closely | Dnlon Fac 11. 13008 153% 1303 . ble Out of Any Income of the ° Caren 331 , 3 1 C 46% 48% 4T% sorted KInQS noid a {0s fed arli est Maryland. fore 0 AB /k ustee Paya : y 1 SURED SAVINGS ACCOUNTS 4 $a Ste J | he log ise h te VY Ros weight fed | Retail Stores— ¥ Universit " «8 ‘40 ) r; han 2! } i 40% 40% 40% heen sibs Aled Stores... 18% len wn an \ PLAN ! y ARE NOW EARNING 3% DIVIDENDS & FT. WAYNE Feb. 25H Market, Goods. "22% y 2 1.06% 106% 1.07% | 15¢ h 200-225 ths. $10: 395.250 Ibs., | Best & Co 38 58 > 4 “y .y rst 5, 2 » - $e 9a eh s9.0: Too 200 a $9.90, 250.475 be 30.781 Gimbal Bros 1+: 26% HEHE SI DELAWARE -OHIO PRICED TO YIELD 1.75% TO 3.25% 380 Ibs. 5 ; 150-160 Ibs. si.d0; 140-150 BN uc 1% 4 4a . : $9.15; 130-140 80; 120-130 1 By oes 153 183 183 saa sy 105.1 bs. ha Roughs, 8.05; These bonds are offered subject to the legal approval of SE stags, 5. Calves, $10. Lambs, $10.50.

We Buy, Sell, Quote— AMERICAN NATIONAL BANK COMMON

Matson, Ross, McCord and Clifford, Indianapolis. LOCAL CASH MARKET

City grain elevators are paying $128 for No. 1 red wheat. Other

BUSINESS EDUCATION

Eras on, nde mere Cath eof I RE ap CR Also all Other Local Bank Stocks INDIANAPOLIS BOND AND CITY SECURITIES ‘SAVINGS ¢ 5 AN ASSOCIATION

Hayv—No. 1 timothy, $13.50@14; No.

T. P. BURKE 8 COMPANY

TRAL Busine: Indianapolis oe CENTRAL Business Col CORPORATION of p .¥ It ie $8016.50; second ut po ATehiterts and Butters ray | een mont ne INDiaarotty a P SHARE: CORPORATION | mwouo st, Bock West ot Meridian 8