Indianapolis Times, Indianapolis, Marion County, 26 February 1937 — Page 29

Page PDF (10.89 MB)

Back to issue view

Trends

Trend Is Toward Shorter Hours Flynn Says

* *

Abreast of The Times on Finance

* oe

The Dun & Bradstreet 1 cent for the week ended

PAGE

-C

FRIDAY, FEBRUARY 26,

1937

$2.94.

$2.99. Last year the index

This compares with the high for

Food Index Drops

weekly food index declined Jan. 23 and now stands at the year at was $2.67.

EMPLOYMENT IN

By JOHN T. FLYNN

OS ANGELES, Feb. 26.—At the beginning of this AdministraSenator Black of Alabama introduced a bill for the 30-hour week, That bill was passed by the Senate by a large majority, It was about to be passed by a huge maJority in the House under the title of the Connery Bill, with the addition of some other features such as minimum - wage clauses But at this moment the Administration, which was disturbed by the Black b sponsored tle

NRA

tive

tion

One of

DOW #1

Mr. Flynn

been forgotten now of the Black bil this was the objective supporters of the NRA one of the reasons which the Administration to There are many men ington who believe that had the Black-Connery bill been slightly altered and passed. in the state of public opinion at that time— aroused as it was in the midst of the immense collapse—and pressed to the Supreme Court quickly, it would have been held constitutional.

i Liat it Was moved act.

in Wash-

n 8 y [Reman we h the NRA, vears of activity in the end failure. Now at the end of four vears we are back where we started—looking for some way to pass another Black bill. Certainly something ought to be done about the hours of labor. Today industry more or committed to the eight-hour dav, with many mdustries using the five-day weck and some the sevenhour day. There are a few six-hour-day industries. Conservative men are of course horrified at the thought of the 30-hour week. The 48-hour or 44hour or 40-hour week does not shock them. And yet there was a time when their predecessors were quite as sure that a cut in the brutal hour schedules of oldtime industry would destroy them. In Lowell, Mass, around 1830 1 think, some “radical” denounced the work hours in that first great industrial town. Men and girls worked six days a week, from sunup to sundown. Schedules on the factory walls announced the sun hours. It meant literally a 70-hour week.

wo and

ad violent

less

on »n » COMMITTEE ministers went from Boston to investigate and reported that the situation was not merely not bad but quite good, since the long hours of useful labor fatigued the workers s0 much that at night they were glad to seek repose and keep away from mischief.

About the same time the Lords’ Committee on Child Labor in England reported that the 14-hour day for children tended to improve the physical and moral condition of the little ones. And later, when an effort was made to reduce the hours of children from 12 to 10, a committee reported that this was impossible as the entire net profit of the employers was made out of that last hour of work. We may ask one question on this matter of hours. Suppose that the old practice of the 12-hour day were in universal use now in our factories? What would our present state of employment be? Literally only half the population would be at work. We might as well face the fact that in our present machine-pro-ducing plant there is simply not enough work to keep our people employed if they work 40 or 44 hours a week. And the situation grows worse each year. (Copyright 198%. NEA Service, Inc.)

Fruits and Vegetables

Quotations below, sublect to change, are average wholesale prices being offered to buyers hy local commission dealers.) Oregon D’Anjou, extra ; California Avocados, 2.50. Bananas, selected, . 1 Indiana inches up, $2.50; No. 1 Indiana Golden 5, 2Y2 inches up. $2; No, 1 Stayinches up, $1, hi Ne, 1 Jona- ; 2 inches up, $2.1 0. 1 New py ‘Wealthy, 2',2 inches SE n 75; No. 1 inesa 2% inches up, $2; No. 1 New York Imperials, 2! inches up, $2. Sunkist, 360s, $7.50 Limes, carton, 12s, 30c. Grapefruit, Texas seedless, 64s-80s, $3.25. Oranges, Sunkist, navels, [email protected], ineapples, 30s. crate, $5. Strawberries, forida. pt., 18c. Vegetables -— Beans. Florida stringiess, hamper, $4. Beets, homegrown, bu. new Texas, 3-doz, crate. $1.75. Broccoli. California, case. 3 75: bunch, 17':c sel Sprouts, per drum. $4; qt. ba New York, 50 1b. bag, 8b¢c: : I 23. Carrots, California Cauliflower, 108-115-125, crate, Mammoth, doz, 75c: Florida. $3.23. Celery Cabbage Cucumbers, hothouse, doz. pots, 0c. E ., $1.50. Kale, Virginia Iceberg, California best, leaf. hothouse. No. 1! pers. Mangoes. crate, ushrooms, homegrown. , Onions, Indiana yellow, 50-1b. , 31.75. Western Spanish, large, $1.90; Northern white, $1.75. P homegrown, doz., 35¢; Southern, 50c. Parsnips, homegrown, 1% \ \ eas, Mexican, hamper, $5.50@6. “Potatoes. Maine Green Mountains. 100-1b. bag. $3.35. Idaho Russets, $3.90: Michigan Rurals, $2.85. Colorado McClures, $3.95: Florida, New Triumphs, 50-1b. box, $2.25. Rutabagas, Canadian, 0 Ib. bag, 90c: Canadian, waxed and ta . $1.10. Sweet Potatoes. nessee, ee Halls, RAmper. $1.85. Louisjana, Puerto Ricans, bu. $2.35. Radishes, buttons, hothouse, doz. 50c: white, 40c. Rhubarb, hothouse. No. i. 5-1b. carton. 45c. Sage. doz. 45e, Spinach. Texas, bu. $1. Shallots 45¢. Squash, Hubbard, bu. 81 50 bu. $1.13. Tomatoers, re1 basket. $1.25; repacked, best 10-1b. box, $1.50,

bulk,

6. Pe

ATT

ya Tan

large bunch,

(Br United Press) CHICAGO b. 28--Anples— McIntosh, 812842 Sweet Leuisians Forte Ricans, $242.10 I nl, T5@83c

Michigan otatoes— Carrots

Tomsatoez—Florida Cauliflower California Ie ae ican, hampers. Florida, $2.50 3.50. 150- 1b. sacks) — Iinois and Indiana vellows, 35c@s 1.

Texas lups, crates,

Produce Markets

(The prices quoted are paid for stock gathered in the country. while for deliveries in Indianapolis the prices are 1 cent higher. ach hy case of egRs must weigh 55 pounds gro Bggs—No. 1 Strictly fresh, loss off, 17¢ oz Heavy breed hens, 5 lbs. and over, 13c: Leghorn breed hens, heavy, 9¢. Heav Died springers, 1'z lbs, over, soft meate \ sghorn breed springers, 8c. Heavy reed stags. 6c; Ducks, full-feath-

fat, 4. fc. Geese, full. Je thered and fal, Sec. rkevs. voung wae F young hens, 16 1 and over toms, 8c a he oh fc

i 2. Bc Sem

Delicious, |

California, |

new Texas. |

Svinach— |

10-inch. |

JANUARY OFF 8 PER CENT HERE

Pavyrolls Also Decline Month: Retail Trade Down Most.

{Imes Ne Bl OOMING TON, ployment in 89 per cent cent during January, according to pb Indiana Business Review of the Indiana University Bureau of Busiwess Research Qf the various groups, the review vi31l trade made the sharpest

Feb.

umber of emplovees due | high employment |

femporary > holidays shop employment htly reduced, the report w ile railroad repair shops took on & few men, The number and cleaning

SAIG,

establishments

in.

26.—EmIndianapolis declined | and pavrolls 12.4 per |

was |

of workers in dyeing | | re- |

TREND OF AUTOMOBILE PRODUCTION ' IN THE UNITED STATES

Units

Thousands - of

“

umermsaston fleet. Pip pels

Prepared by Administrative and Research Carparation New Yark

BR Vscsenger Cars

IFMAMY JASOND) FMARJIASOND

1935 “o 1936

mained unchanged, according to the |

review, but payrolls in gained 2.6 per cent. New Car Sales Drop Building activity was a under December and far below Januarv, 1936, but, the review pointed ont, ably with corresponding periods in the five years prior to 1936. residential building continued at a good level, the report said. New car sales were below those for December because automobile concerns could not make deliveries, however,

sales below a month ago. A decline of more than seasonal proportion was noted in newspaper advertising, the report said. Bank debits compared very well with December, the report declared, and were 176 per cent above January. 1936. Postoffice receipts in were far below December, about equal to a vear ago, the review said, and livestock receipts dropped 14.7 per cent fré6m Decem- | ber, but were 143 per cent ahove Yerusty last year.

January but

Local Securities

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

BONDS { Bid

{ Citz Thd Tel (TH) 4'>s "61 ....103% |H Tel & Tel Ft W 5ias '55....10 H Tel & Tel Ft W bs '43 | Ind Assoc Tel 4'%s "65 .. Indiana Tel Co 5s '60 . Indpls Railway Ine 5 "67 Indpls Water Co 3}! 'A6 : Interstate Tel & Tel Sis S3.. 9 | Kokomo Water Works 5s '58 . Morris 5 & 10 Stores 5s '50...100 | Muncie Water Works 5s "65 . Noblesville H L. & P 6's "47 | Ohio Tel Serv 6s '47 Richmond W W 5s 5% Seymour Water Co 5s "6% TH Trac & I. 5s '44 + T BH Water Works 5s ' T H Water Works 6s Trac Term Co 5s '57 STOCKS

Belt Railroad & St Yds com . 5 | Belt Railroad & St Yards pre Cent Ind Pwr pfd 7s . | Home Tel & Tel Ft Wayne Hook Drug Inc . eh Ind & Mich Elec Co pid Ys... Ind Gen Serv Co 6s +++ 10 nd Gas Co Com h Ind Hydro Elec Co Ts . | Indpls Pwr & Lit Co pfd 6s | Indpls Pwr & Lit Co gd 6'zc Indpis Water Co pie 10 | N Ind Pub Serv pfd 5 { N Ind Pub Serv pfd oe . | N Ind Pub Serv pfd 9s ... | Progress Laundry Co.. | Pub Serv Co Ind 6s | Puh Serv Co of Ind T= | Terre Haute Fic Co bs Union Title Co com

New Bond Issues

(By W, L. Lyons &

Ask 104, 104 i065 106

Co.) Bid .. 983% .. 907%

Ask 091g 01's 10512

Argentine Rep 4'zs 71 Argentine Rep 4s '72 sd Tel 4s 65 3las ‘64 |B & O 4'25 '39 | calif Oro Pwr 4s Cent Maine Pw: Cent Maine Pwr 3'%2s5 '66 | Cinti G & E 3'4s '66 | Cudahy Pkg 3%s ’55 Cudahy Pkg qs 90 .. | Elec Auto Lite 4s ’'52 | Great Nor 33;s 67 , Houston Lt & Pow 3!4s | Tmdpls Water 31.8 '66 Kansas P & L 45s ‘65 { Koppesr Co 4s ’'51 ; Kresge Foundation 3'5s ° | Long Island R R 4s '49 | Los Angeles Rev 3s 67 | Lonisville G & © 3 hs | Mengel CV 4:5 4% | Metro Ed 4s '65 | Minn Gas & Vite 4s IR Elec 3las "66 { N City 3s we | N v State Elec Gas 4s Norway 4s 63 { Ohio Bdison 33s {Okla G & EB 4s 4 Okla Gas & E me 33 | Otis Steel 414s Pac Gas & Elec 55 28 | Pac Lighting 4's '45 Peo Gas Lite Coke 4s Penn Ry 34s '62 | Sou Kraft 44s Wisc G & E 3! | Wisc Pub Serv

$5 ... 4s "60

"66...

1 at] 4S "66, 66 "61 :

Unlisted Stocks

(By Blyth & Co.)

Lemons, | Mexican, |

{ Rankers | Chase | Central Chemical | Continental Guaranty | Irvin 58 Manufacturers . | Nationg] City Nationel City Cleveland National Shawmut ' | First National Roston

FIRE INSURANCE

Trust Hanover

Nlinnis

5 | Aetna Fire Tnsurance

| American Tns of Newark Baltimore American | Federal . Fire

Franklin Great American nsurance Fire .

National Hartford Hanover Fire National Lierty North River { Phoenix U 8S Fire

Westchester Fire

Produce Markets

(Bv United Press) CHICAGO. Feh. 26.- §— rket y FRSC mes, 1033: extra “hues Mark dirties. | 18? current receipts, 2034e;: checks, 18c ’ Butter. Marke steady: receipts, 6929 | ar Id BL 190-9115 33%c: 3 extras score) 3c: firsts, 35. an, .: priate. Market. i¥aay They BE. geese c: ducks. 14% 20c: | chickens, 19@21c. broiler 7 280. en Leghorn Hje1S. 23m dc. he | roosters, 12@ 13c; Jhurkeys, “hewse— Twins “a 104. 17% 17a: enRROTRS, ris 1734 otatoes— stock— ok moderate: | demand slow and limited to best stock: market oil, Idaho grussel Burbanks. $3.50 S. $2.75; Colorado Red y £3.30. O aE round whites, : Maine Bliss Triumphs, $2.70. Stock—Supplies moderate: demand good, market stronger: track sales. carots, Florida Bliss Triumphs. bushel crates, less than carlots, [email protected] soArtivals. 36; on track, 555.

shipments,

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, $1.00. Oats, 44c. | Hay—--No. 1 timothy, $13.50%@14; No, 1 clover, $15@8$15.50; No. 1 alfalfa, first puttin $16@1 ; second cut-

the trade | little

construction compared favor- | New | | Curt ! Nor

the review estimated sales | about equal to 1936, with used car |

were |

merely |

| St 1 U 8 Smelters

| Int | Inter Ham | Natl

Rem

| Yeliow

: ! Phillips es Plymouth Oil Oil

a |

New

York Stocks

(By

Amusements— Crosley Radio { Loews Inc .. Paramount Radio Corp { 20th Century Warner Bros Aviation— Aviation corp Boeing Aireft 188 Curtiss Douglas Air Am Av Sperry Corp United Air United Air Trans Building—

Wgt

{ Am Radiator. ... CO. nuns

Barber Lone Sta Libby | Otis

Warren Bros ...

Chemicals— Air Reduction Allied Chem . Coli Carbon Com Solvents . Du Pont Freeport Tex Monsantoe Chem Natl Dis Schenley Tex Gulf Union Car

Dist bide

Thomson &

Fox Wright, 7 "A" BO Lines 207s

New 307% Con &West 20

«115%;

mew)

Sulph 41%, 106°

McKinnon) J 11:00 High. Low. { Mont Ward INt] Tea ..... | Penney J C . | Safeway St .... ¢ Sears Roebuck .. Woolworth 5 Rubbers—

Firestone Goodrich | Goodyear U S Rubber . U S Rubber pfd 112 Steels— Acme Steel ... Am Roll Mills Beth Steel . Cruc Steel | Inland Steel Keystone Steel .. Ludlum Steel ... Tin.

62's 10's 99 4334 88%

23 76% . 25% 1134 347,

15%

5) a 1D TNS DNDN -_

i 2

". 86% . 927s

26'% 41 hy

65 Bo 13 93 .

. | McKeesport . | Mid Steel . | Natl Steel 1 Otis Steel . {Rep Ir & Steel. | Sharon Steel

74%

oth U 8 Steel pfd

z 28: g 3! War Pipe & Fdy 437% 22 32 Youngstn 8 & T Textiles— | Am Woolen . | Celanese Corp.. Jotham Hose ! Indus Ravon .... § a | Real Silk Ms . . ‘8 | Tobaceos—

181% 17 7014 2055 0315 201, 461,

U S Ind Alcohol 39%

Am Home Drugs-— Brisiol Myers Lambert : Parke Davis i W teres n | ©1

Pyuipments-— Am Car & Fay Loco Steel

Gen Am Gen Elec Poor & Co Pullman Ine West Air Br Financial— | Adams Exp Allegheny Comm Credit

Com Invest Trust

Lehman Corp

Transamerica ,..

Foods—

| Am Sugar Armour

Beatrice Cream . Borden Prod

| Cal Packing

| Can Dry G

Cont Bak Corn Prod .. Gen Baking Gen Foods .. G W Sygar .. Hecker Prod . Natl Biscuit .. Natl D Prod {| Purity Bak

S Porte R Sug

Std Brands. ... | Swift & Co... | Un Biscuit United Fruit Wrigley Houschold— { Col Pal Pect Congoleum Servel Inc Mining— Alaska Jun Am Metals Am Smelt Anaconda Cal & Hecla

Cerro De Pasco. .

Dome Mines or Ore....

Nickel

Phelps Dodge

Joe Lead

Prod 50

. 81 Ya Tnk Car 81 vane 59% 29% .. 69 . 5234

Corp *

Cop. Mine.

Am Tobacco “A” | Am Tobacco ““B” | Gen Cigars ‘ | Lig & Nore “B' Philip Morris g | Reynlds Tob “'B" 55% Utilities— {Am & For Pwr . 12%a | Am Power & Lit 133% AT&T .. 19534 Am Wat Wks .. 25% Col Gas & Slec.. Comm & Sou | Consol Gas 2 | Elec Pwr & Lit. {Int T& T | Nat Pwr ® Lit. North Amer .. Pac G& E . | Pub Serv N J . | So Cal Edison 181% | Std Gas 12 3 i 5 | Stone & Webster 297s 61.2 | United Corp .. 67 70% g 10% | Un Gas Imp 12512 “ 2 z 12 5 Jt. Pwr & Lt ° 16% “8 | Western Union

. 85%

Chicago Stocks

(By Atkins, Hamill & Gates)

Advance Alum | Allied Products . | Asbestos Manufacturing 2 | Bastian Blessing , | Berghef | Butler Brothers Central Illinois Chicago Corp Cities Service .. | Cord Corp 2 | Crane Co Heciris Household { Field, Marshal Godchaux Sugar ' | Jarvis W B | Ken-Rad Tube * | Libby McNeil 2 | Lion Oil | Loudon Packing .. McCord Radiator Mid-West Corp Noblitt Sparks . | Northwest Band Corp .... | Sundstrand Machine Swift International Utah Radio Prod | Walgreen | Woodall hdustries | Zenith .

Now York Curb

(By Atkins,

' «3 Publ Service...

& Libby

Hamill & Gates) 11:00

Miscellaneous—

Allis

Am Can

| Am Mach & Fdy 261%

Anchor Cap

| Brklyn Man Tr.. Burroughs Add

J I Case

Gillette Glidden Rush Mach Cash Reg Owens Battle Rand

Motors—

| ch rvsier ! Gen

Motors .. Graham Mot Hudson Mack Truck Nash :

Packard

€o .s Studebaker

White Motors ... Truck... Motor Access— | Bendix

| Briggs | Budd Mfg

| Grevhaund ‘New | Motor Wheel . | Stew Warner

19 Timken Det Axle 257

Oilsee Amerada Atl Rig Barnsdall

. | Consol Oil

| Cont of Del ' Houston 0 Mid Cont ot. | Ohio Oil . | Pet Corp Pet

| Pure

A | Staboara Oil 962) | nell

Un Soc Vac S O of Cal 8 O of Ind

O of NJ ce

EAA Corp | Tidewater | Un Oil of Cal

Rails— Atchison B&O

“38iae é

| Dela & Hud | Erie

° | Erie p 2 | Gt Norahbin ‘pf

I Central | Lehigh Valley Lou & Nash

Mo Pac pfd N Y Cent

Nor Pacific Penn R R

Chalmers.

N Y New Haven N Y Ont & West

Retail Stores— Allied Stores ...

{ Aluminum Co of America * | American Airline | American Cyvnamid ** | Am Gas & Electric .. | American General . Arkansas Natural Gas | Barium Sieel | Carrier Corp | Chicago Flexible Shaft Columbia Oil { Consolidated Copper { Cooper Bessmer "e Eagle Picher Lead ‘ah Electric Bond & Share | Ford Motors, Canada “A™ 2 | Geneval Tire | Greenfield Tap ‘& Die... | Gulf, Oil, Penn | Humble Qil & Rennmg Co | Hvgrade Food & | International Vitamin | National Rubber Niagara Hodson Power | Root Petroleum | Rustless Iron and Steel | Stutz Motors . { Sunray Oil | Tilo Roofing { Twin Coach ..

72% 08

7 Va 3412 162

61%

Investment Trusts

(By Thomas D. Sheerin & Co.)

| Bid | Administered Fund .. $20.22 | Affiliated Fund Inc

2d mew) | *American Business Shares . | Broad Street Investing : | Bullock Fund Ltd Century Shares Trust | Corp ‘AA’ or ‘Accum’ Corp ‘AA’ or ‘Ace’ (unmod.) Corp Trust Shares (orig.) .. Diversified Trustee Shs ‘B’.. Diversified Trustee Shs C Diversified Trustee Shs Dividend Shares Inc .. Fundamental General Investors Trust Incorporated Investors vB Market Street Invest Corp... ! Maryland Fund 10 Massachusetts Investors Mutual Investment Fund Nation-Wide Voting North Amer Tr Shs 1955. North Amer Tr Shs 1956 North Amer Tr Shs (orig.) Quarterly Income Shs (new) Selected Amer Shs Inc Anew) Selected Amer Shs (orig Selected Cumulative Shares . Selected Income Shares State Street Invest Corp . 12: Supervised Shares Inc wel.) 15 13 Trustee Am Bk . 1.04 Trustee Standard Oilshs ‘A’ . *Trustee Standard Oilshs ‘RB’ *Ex- “Dividend.

mod.)

. I8S CBB DBM

Oat

8.23 7.74

Other Livestock (Ry United Press) ~LAFAYETTE, Peh. 26, s—Market, @25c higher; 200-225 wy Tn 15710.25; | 29%. 250 Ibs, $0. ale 280. An 3 Ibs. Li 2 | 9.80; 275-325 lbs, $0.50 2 | Si0a1e 10° 150-170 Ibs. , ‘ $8.75G9: 100-130 Ibs. Tks $9 down. Calves, $10 down. West. i Jumhbs, $10.50 down; native lambs, $10

Ne ly NA

aE a

»~

“I WVONO-TPNEID AN I -1

Lo moa 2 o »

(By United Press) YNE, Fe 00. i} Ios. Ibs., $9.90; 2

26. Hogs—Market 10; 225-250 be $9. 90:

Ti go 0- a1 Ibs.

180-2 580 Toe 5s: 15: ) $9.15:

100-120 1bs., $8.30: roughs, $7.25. Calves, $10. $7.95. Celves, 310. Lambs, $1080. $10.50

Lents Vi

stags,

TYPEWRITTEN LETTER: AUTOMATICALLY TYPED ADDRESSING & MAILING MULTIGRAPHING STENCILS cUY WMIMEOGRAPHING RULED FoRus | ue TO 18 Xx 20 ™we

11:00 Prev. A.M. Close

3 | higher | kinds ranged from $10 to $10.50.

CARA DoS PETC elo

15 |

HOGS CONTINUE UPTURN; GLIMB

10 GENTS HERE

‘Light Receipts Again Aid to Market; Vealer Prices Gain 50 Cents.

| Light receipts again strengthened

she hog market today at the Indian-

apolis Union Stockyards and prices continued the upward trend, started

yesterday, with an advance of 15 cents on weights above 160 pounds.

Local receipts were 5000 with 106

holdovers. In | receipts totaled with 52,798 a week ago.

11 packing centers

Underweights remained steady at |

previous levels. Weights of 160 to

| 180 pounds sold for $10.30; $10.40;

| pounds, 210 to 225 pounds,

1 $10.35; 225 to 235 pounds, $10.30, and | | weights of 235 to 250 pounds were

| $10.20.

Packing sows gained 10 cents and | $9 to $9.50, top| ($0.60. Weights of 250 to 260 pounds | + sold for $10.15: 260 to 275 pounders | {brought $10.05; 275 to 285 pounds, | $9.90; 300 350 | | pounds, $9.70, and 350 to 400 pound- , | ers were $9.60. |

| the bulk sold for

| $9.95; [to 325

285 to 300 pounds, pounds, $9.80; 325 to

Cattle Slow, Steady

In the lighter divisions, 155 to 160 pounders sold for $9.75: | pounds, $9.50; 140 to 150 pounds, | $6.25; 130 to 140 pounds, $9; 120 to 130 pounds, $8.75; 110 to 120 pounds,

trading in a clean-up | Killing classes. | steers and [$7 to $9. | brought $7 to $8.50. Common and + | medium beef cows were $5 to $6,

yearlings ranged from

| the cutter grades, $3.75 to $4.75. TOP | Joa4 $6.25. | | Receipts were 600 caitle and 500 ;

| price for sausage bulls was calves, Vealers were and

5C cents or the good and

Receipts in the sheen market

5, | totaled 2500 and the supply con- | 2 | sisted mostly of fed Western lambs, |: 3 at | 3; to choice | slaughter ewes were steadv at $4.75 |:

This class was 25 cents $10.75. A

higher

few good

to $5.50.

Other Livestock

(By United Press) CHICAGO, Feb. 26 Hogs 7000, including 1500 directs: market, erally 104 15¢ higher than Thursday’ $10.25, numerous sales at that price; bulk 180-250 Ibs, $10.05@ 10.25; 140-170 Ibs., | $9.25@ 10.10: packing sows, [email protected], ‘argely Cattle- Receipts. 1500; calves, 500; eral market, steady: no choice cattle here; common and medium grade steers and vearlings, 87.259, sprinkling around | $9.50: most heifers, | $9.25. closing choice steers, firm to higher, being that all graces are in stronger hands: good and choice cows measurably | higher for the week: bulk today. medium to good cows, $5256.25. with grades at $5.84 down to $3.75 mostly: low- cutters not reliably wanted at $3 | 3.50; typical week-end market on bulls, | mainly $6.25 down to $5.50; vealers steady at $679.50. : Sheep directs;

gen-

undertone on good nd

Receints, 7000, nearlv half lamb Colorado: early indications { higher, or around $11 for | handyweight wooled

including supply 10c or more strictly choice lambs; 1 short deck prime, 84-]b. averages to city butcher. { early, $11.10: odd lots good light and handy weight, $10@ 10.50, nothing done on | bulk of supply: sheep scarce, steady | strong; most all lots fat ewes, $5.50616.25.

By Times Special) LOUISVILLE. Ky. Feb. 26.--8 a. m temp. 25. Cattle—-Estimated receints, 150: few Jots medium: short fed steers at $8 and $8.25 and plainer kinds around $6.50: | steady light clean up trade: cows and bulls scarce: cows strong; for the week market otherwise unchanged: stockers weak to slightly lower fair clearance bulk $6@8. | Calves—Estimated receints. 250: vealers j evening strong to 50c higher: advance on the better grades: top. $10 paid for few | but choice kinds: scarce early bulk good: handyweights, $99.50: common and me- | dium grades, [email protected]. Hogs—Bstimated receipts, 800. Market opened mostly 10c higher than Thursday: practical top. | $10.25: few choice mediumweight butchers. { $10.30: bulk desirable, 170-to-300 averages. lighter weight down to $9.5 for choice 140 sows, $825 and $8.50. Sep —Fstimated receipts. 50: fat lambs nominal: better native ewes and wethers. quotable Yew 10.50; strictly choice eligible,

37.500 compared

180 to 200 | | pounders brought $10.35; 200 to 210 |

150 to 155 |

Medium to good heifers |

more | choice |

Receipis, 2

Yop, | gen- |

$5.75@8, best around | 2%: :

trade opinion |

cutter | Int Hydro-E1 8x ° { N

light {

£00 | from | | Am“ Fr { Am Te

to | Balt Buff Roch & Pitt 4,8’ | Beth Steel

Your Federa

(29th or

SALE OR EXCHANGE

of the income tax law.

Loses are deductible if er's trade, business into for profit;

or from theft: 4)

and merchandise. Such loses usuallv are ascertained by means of inventories, which are required whenever in the opinion of the Commissioner of Internal Revenue their necessary to determine income of any taxpayer. The tered any tion.

For example, a taxpayer purchases an automobile to be used solely for business purposes, and which is sold at a loss. As this is a business proposition from start to finish, the loss is deductible, subject to the limitations of section 117. But if he had purchased the automobile to be used for pleasure or convenience, the deduction would not be allowed; it

was not a transaction entered into for profi

nse is the

term into for Kind of

Iransaction en= profit” means business proposi=

» ” » sustained in the of an automobile

LOSS theft

DEDUCTIONS FOR LOSSES OTHER THAN FROM

DEPUCTIONS for losses are divided into four classes, and to he allowed must follow closely the working

profession; (3) from fires, storms, shipwreck, or other casualties, from wagering transactions. Business losses result, usually, from the purchase and sale of

l Income Tax

a Series)

OF CAPITAL ASSETS.

incurred (1) in the taxpay(2) in any transaction entered

purchased for pleasure or convenience is deductible, as it falls in class 3. If, because of faulty driving but not “willful negligence.” an automobile maintained for pleasure 1s damaged, the taxpaver may claim the loss sustained, as it comes within the meaning of the word “casualty.” Where damages result from the faulty driving of an automobile with which the automobile of the taxpayer collides, the loss occasioned the taxpayer likewise is deductible. Losses from wagering transactions, whether legal or illegal, are deductible only to the extent of gains from such transactions. The excess of such losses over the gains is not deductible. All losses are deductible only | to the extent to which they are | not. compensated for by insurance or otherwise. Deductible capital losses are further subject to the limitations of section 117.

| payments, w

| 000,000

| (Reprinted From Late Times DAILY BOND INDEX (10268 Average Equals 100)

{ 20 20 60 Inds. Util. Bonds 4.3 joi3 99.

Yesterday)

Today rash 94 04.3 94.6 94.9 931 95.0 . 943 99.7 1937, by

8. Moselev & Co.) GOVERNMENT BONDS Prev. Close.

(Copyrigh

. 8.

Close. Treasurys

td ok ek ok Bk ok Yk SOOO DO OD ett pat A PHW-I® IRL &D Ce 00 BF DCO ra 1D et 80 C0 et et BD RAB WN CDT DD mt rt re SBIR S IAD 20 3 et ED 0 DD et et OR Daw

fr >

103.90

103.10

104. n 101

105.22 | 105.40 |

105.6 193.26 |

102.14 | 102.14 | 104.22 |

DOMESTIC Today's Bond Leaders— 832

BO ein Ss & 7 3tas 31... Alleg Corp 5s Alleg Corp 5s n Pow 5s & Tel § Arm & Co (Del) 4s’ Atl Coast Line 4s '52 Atl Coast Line 4l5s5 °’

| Balt & Ohio 5s 2000 .

Balt & Ohio 6s a3 & Ohio 4':s '60

4158 '60 Chi Milw & St P 8s "78 . | Chi Milw & St P 5s 2000 Cleve Un Term 5s '73 Cleve Un Term 4'ss 7 Col Gas 5s Mav Col Gas 3s April ’ Col Gas 5s '61 Can Pac Perp 4s Cent Pac 5s '60 Big Four 4'.s '7 . ‘een Chi & West Ind 4s '52 Chi & Nor West ve ‘49°, ... Con Gas Alas ‘51 Chesa Corp 5s °’

Grt J 3 4s ap... .. Grt Northern hs 4s "46 .. Grt Northern

"t «++ 108 Gen Stl Cast W Ww 5158 "49 ws BH

Prev. Close |

w York Bonds

| Hud & Manhat Ref 5s '57. | 111 Cent 434s ’66 | I Cent, Jt 410% y | III Cent 5s ’63 | Interboro Rapid Trans 5s Intrntl Hy Elec 6s '44 Internt] Tel & Tel Aves oT Interntl Tel & Tel 5s '5 . Interntl Tel & Tel as ? Lehigh Vahey 4s 2003

Standard Statistics) |

| Nickel Plate 515s y {N Y Cent 5s 2013 |N Y Cent 4'%s 2013 (old)...... 93% N Y Cent Conv 6s "44 111 | Nor Amer Co 5s "61 Nor Pac 3s 2047.. | Nor Pac 6s 2047... New Orleans arm 4s | Penn Ry 4s | Penn Ry 414s ° | Penn Ry 4l4s { Penn Ry 3%s ’ | Portland Gen El. das | Bara Publix 6g'’§ 4

| Sou Sou Sou 0 (Sou R

Third Ave Adj’ 5s : | Union Pac 4s '47 | United Drug 5s °’ U S Rubber 5s '47 | NY NH NY NH &

Western Union Youngstown $ Youngstown 8S & T 3'zs ’

| Argentine (A)

| Australia 4'os

Brazil 8s '41 | Canadian Govt 4s ' Denmark 4',s Ff : | Geiman 5128 '61 German 7s ‘49 Italy T= '51 PRDan Bliss | Rome 62s '52 | Yokohama 6s

Chicago Grain Futures

(By Co.) 11 Prev

James E. Bennett &

High Low Wheat— | Mav 31.30% 3. 1.12% 1.13% 1.007 1.10%

1.05%, 1.063% 1.01'¢ 1.01% 945s 05's

46% 42's 40%, 1.01% B8reb

.04b 98s 88 4b

98% 99% .88'4b 89%, Soy Beans— May « 1.52%; July 1.5028 bBid: sSellers.

Jd 1.52% 14 33, 1.50b ‘a

5} Medium Weights—

« | Packing Sows-

{ Bulls, a | Cutter,

A.M. Close |

| basis.)

1.07%

JANUARY FARM

INCOME PLACED AT 669 MILLION

Gains $118,000,000in Year;

Prices Up 20 Per Cent, Department Says.

| By United Press

WASHINGTON farm Income

Feb. 26. January Juding Government $665 000 000, an ine crease of §$118.000.0600 oy January, 1936, the Department of Agriculture reported toaa

Cash income

inc as

from marketing and Government pavments jnereased 21 per cent over January a year age, but were somewhat below the $725, total for December, the de | partment said Prices of farm produets reached a 20 per cent than in January a Vvear ago, but cash income from farm products alone was only 14 per cent above a year ago due to reduced marketing, Government payments to farmers lin January totaled $43,000,000 com- | pared with $36,000,000 in December and $1,000,000 in January last year, | Payments during the next three months will continue large, the de~ partment said. The drop in income from market | ings from December to January was | somewhat larger than usual and | was due in large part to the sharp | contraction of hog marketing, the | department said.

have higher level

Local Liv estock HOGS

u $10.05910.30 10.206210.50 9.90610 25 [email protected] 10.006010.25 10.006 10.40 Ligh! Lights | 40-160) Good and Medium . | Lightweights - -180) Good and Medium (180-200) Good and edium

Top $10.30 10.50 10.23 10.10 10.25 10.40

Receints 1200

choice. .$ 9.

—

choice

choice ,

A332 3 st pt ot a DS

220) Good (220-250) Good Heavyweights (250-290) Good (200-350) Good

and and

choice . choice. .

choice. , choice

and

(275-350) Good (350-4251 Good 1425-550) Good (275-550) Medium | Slaughter Pigs (100-140) Good and choice. . edium CATTLE Receipts, 600 Choice Good Medium Common Choice

PRID IP PO wen 99

San DY Wa

Da >

(500-900)

(900-1100)

5 | C | (1100-1300) 4 |

Medium. Choice Good

| (1300-1500)

Heifers Choice Gooy Common,

(500-750)

medinm. Good and choice . Common medium

Cows

(750-900)

| Good ‘as | Common and medium | Low cutter and culter good cvvn eh com Vealers — Receipts. 500 | Good and choice Mediu Cull and medinm

$ 0.50@ 10.50 3.30 8.00

Calves (250-500) Good and choice .$ 6.00@ Common, medium 5009 eeder and Stocker Cattle Good and choice $ 650m Common. medium 5.50@ Good and choice. . 8§50@ Common, medium. @

5.50 550 1.50@

(500- 800, (800-1050)

Helfers— Good and choice Y Common and medium . SHEEP AND LAMBS — Receipts, 2500

aa Bas ow ma O29 23

Lambs Choice .. Good Medium Common

| Ewes

(90-175) Good and choice... 475@ 5.7%

Common, medium. 3.75@ 4.7% (Sheep and lamb quotations on clipped

NAMED SALES AGENT William F. Drake has been proe

| moted to divisional sales agent for | International

Business Machines it was announced today.

2 | Corp.,

———

Name

~ CLIP COUPON HERE

Dept. SP-9, Washington Service Bureau, The Indianapolis Times, 1013 Thirteenth Street, Washington, D. C.

HAVE YOU FILED YOUR INCOME TAX RETURN?

Do you want a helpful bulletin giving a summary of the Federal Income Tax law as amended in 1936, with full directions on making out your tax form, and suggestions—particularly to automobile owners—on how not to cheat yourself or the government in making your return? And do you want to know how to take all the proper deductions, credits and allowances to which you may be entitled? Send the coupon below for a copy of the new bulletin

prepared by our Service Bureau at Washington, "Federal Income Taxes."

| want a copy of the bulletin "Federal Income Taxes" and inclose four cents in coin er postage stamps, to cover return postage and handling costs:

St. and No. PELL INI NNN EN SEEN IRIN IE IRENE INRIA IBRBENRIRRNNS

City Cera Eee Sr ee eit sees STETHE Ce RONEN BRBINRININBBIRNLIBIERNIROINERNRLIENENDOLNDRNDS

| am a reader of The Indianapolis Times

eT ai

i —— a

ers

sons