Indianapolis Times, Indianapolis, Marion County, 2 March 1937 — Page 16

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Trends

England Plans Tax

* ®

Abreast of The T

PAGE 16

TUESDAY,

imes on Finance

* *

MARCH 2, 1937

Auto Output Spurts Automobile production last highest level for any February we put was set at 115360 units compared with 88,740 last week and 70,516 a year ago, Ward's reported.

week cpurted to the ek since 1929. Out=,

And Debt Boost, Flynn Says.

By JOHN T. FLYNN AN FRANCISCO, March 2.— Encland now does something which mav one day have important results. Her Parliament votes authority to the government to borrow up to two billion dollars for defense purposes in the next five vears. Throughout her depression troubles England refrained from bor= rowing, raising her funds by taxation. But now for war purposes she returns to borrowing. How long can England borrow? How much more debt can she support? How much, for that matter, can any nation support? Napoleon once said Britain's power would soon cease, snuffed out by debt. That was 125 years ago and she owed a billion and a half. Napoleon felt sure this would destroy her in a few years. Now 125 vears later she is not destroved yet and her debt is around 32 billion. And she proposes to pile on another two billion on that

C AN one A sala

crush her? Napoleon foresee the astonishing the industrial revolution the succeeding century of course. cannot foresee course of events in the century or the next decade. we can make some surmises.

Mr. Flynn

n n n

say now, as Napoleon debt will vet could not course of during And we, the ext But

that her

We know, for instance, that Eng-

land did finally reach in 1931 a point when she had to repudiate part of her debt. She repudiated the four billion dollars she owes us. That was pretty raw for a nation which gloried in her credit. It could have been dictated only as a policy of desperation. Our debt is looked upon as a pretty serious liability. And it is 34 billions, plus 17 hillions of state and local debt. or 51 billions. England's is 32 billions plus seven billions local or 39 billions. With this new two-billion load it will be

41 billions.

» n N

F our debt was that large proportionately it would be 120 billion dollars. Our annual interest charge would he three and a half billion dollars—the amount of President Roosevelt's depression deficit permanently. It is difficult to believe that England or anv other country can long endure a debt like this. It must lead to some measures to lighten it. Either it must repudiate on some pretext as England did as to four billion of this debt, or must devalue and inflate or go into violent economic collapse. England has been cautious during the depression, taxing heavily and thus avoiding some of the effects of the debt. But now she plans both tax and debt increase. If England's economic structure should become seriously imperiled the effect on the general European situation would become grave indeed. ua

(Copyright, 1937

COAL OUTPUT CLIMBS

By United Press Coal production in Indiana during the week of Feb. 13, this vear, totaled 450.000 tons, compared with only 420.000 tons produced in the previous week, it announced

today. The national output in the last week was 10.070.000 tons.

NEA Service, Inc.)

was

PAYS §145,000 DIVIDEND B nite FT. WAYNE, March -A $145, - 000 dividend was announced by Wayne Pump Co. following special meeting of the board of directors. ifty cents a share will be paid nearly 3000 stockholders April 1.

id Press

Fruits and Vegetables

(Quotations below average wholesale buvers by local commission dealers.) Fruits—Pears, Oregon D'Anjou. fancy, 110s, California 205-24s-30s, $2.50. Bananas. selected, lb., 5c, Apples. No. 1 Indiana Delicious. 2'2 inches up. $2.50; No. i Indiana Golden licious, 2'2 inched up. $2. No Staymans 's inches up. $1.75; No. 1 Jonathans, 2'z inches up, $2.25: 0. 1 New York Wealthy, 2'2 inches up, $1.75; No. 1 Winesaps, 2% inches up. $2; No. 1 York Imperials, 2'% inches up, $2. Lemons, Sunkist 360s, $7.50 Limes, carton, 12s, Grapefruit, less, 64s-80s, 5, . ‘Oranges, Sunkist, navels. 25. Pineapples, crate, $5. Strawberries, Florida, nt, Vegetables — Beans ‘lorida hamper, $4. eets, homegrown, new Texas, 3-doz., crate $1.75, California, case $3.25: sel Sprouts. per drum, $3.50; bage, New York, 50-lb. bag. 85¢; $1.35. Carrots, Cauliflower, Mammoth, crate, $3.75. doz., 90c. Chives, vi GOB. Lettuce 3s, §

sublect to change, are

prices being offered

extra

$3.2 California, 30s,

20c.

bu., $1; Broccoli. 15¢; ., 20c. Cabnew Texas, California, 10s-11s-12s, crate, doz., 85c. Florida. Celery Cabbage, Cucumbers, hothouse, . pot. 9c g $1.50.

V3 crate, bu. $1.25 $2. Celery. 45-6s-10s, Michigan, 0c. 8 Kale, Virginia, Iceberg, California best. g leaf, hothouse, No. 15 Peppers. Mangoes, crate,

doz Mushrooms, home

35c. large bunch, 50c. . 85c. Peas, Mexican, Potatoes. Maine Green

bag, $3.3:

Southern

amper Mountains, : sets. $3.90. Michigan Rurals, $2.85. rado McClures, $3.75: Florida, uniphs, 50-1b. box, $2.35 nadian, 50-1b, hag, 80c. and tagged. $1.10. Sweet Potatoes, Tennessee, Nancy Halls, hamper. $1.75. Louisfana, Puerto Ricans, bu. $2.35, buttons doz, 45c:

New Tri-

hothouse, white. 40c

Rhubarb, hothouse, No. 1, 5-1b, carton, 45c. | $1. |

Sage, doz., 45c. Spinach, Texas. bu.. Shallots . 35¢, Squash, Hubbard. bu $1.50. Turnips. bu,, $1.25. Tomators, rePacked, 10-1b. basket, $1.25; 0-1b. box, $1.50. (By United Press) CHICAGO, March 2.--Apples—Michigan

Mcintosh, [email protected]. Sweet Potatoes Louisiana Porto Ricans, [email protected]. Car-

rots—Illinois, bu., 75@85c. Spinach—Texas, | $1.50@

bu, 75@9%¢c. Tomatoes—Florida, 2.50. Cauliflower—California, crates, $1.50 @1.5 Peas—Mexican, hampers, $5.95@6 Celery—Florida, 10-inch crates, [email protected]. Onions (50-1b, sacks)—Illinois. and Michigan yellows, 35cta $1.

Ank (A March 7

CINCINNATI Hamilton

$2.50

$2.30 Oxford $1.65 Connersville

2.00 Liberty 1.20 Rushville Lv. 4.3% ; Tal . n Cincinnati 10:50 x me tyrning.

Phones: Lincoin 6404-6405 EYRE

« 4

to | oo

Avocados, |

New |

Mexican, | Texas seed- |

stringless. | Brus- |

bulk, |

0Z., rown, | . Onions, Indiana yellow. 50-1b, bag. ! $1.65. Western Spanish, large, $1.90; North- | ern white, 31.65, Parslev, homegrown, doz. | Parsnips, |

Idaho Rus- | Colo- | Rutgbagas. Ca- | Canadian, waxed |

Radishes, |

repacked. best, |

Indiana |

FARM INCOME

New York Stock Exchange Prices

STATE GAINS 1 PERCENT IN'3

(By Thomson & McKinnon) 11:00 AM.

High. Low,

Amusement se Crosley Radio Loews Inc | Paramount Radio Corp RKO

183

# ‘ Tas tI AD eT . » ® -

‘Eight Midwest States Show Larger Increase Than Rest of U. S.

I a Ty

20th Century Warner Bros

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= oo ow 3 on am

- ears aN a a

BILIBINIG — £3 tt BSN She 1 O00

wr Cl opt

1'% a a) 82

port

Fanipments— Am Brake Shoe & Fdy

Bald Loco | Gn Am Tnk Car Gen Elec 8 Gen R R Poor. & Co... Pullman Ine West Air Br : Elrc

Westingh | Finaneial-— | Adams Exp .... | All>gheny Corp.. { Am Int Corp.. | Comm Credit Chesa Corn .... 90 Com Invest Trust Lehman Corn Transamerica Foods—

Armour Armour | Beatrice Cream | Borden Prod Can Dry G Coca Cola Con Bak Corn Prod { Cuban Am Gen Foods . |G W Sugar Hecker Prod Holly Sugar .. Nat Biscuit Nat D Prod | Purity Bak |S Porto Rico Std Brands Swift & Co Swift Inter United Pruit Household— Col Pal Peet Congoleum 3 Proc & Gamble Servi Inc Simmons Bed Mining-—-Alaska r Am Metals | Am Smelt Anaconda . & Hecla De Paseo Dome Mines

Sie wi

~~»

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PIs DIP RD

Times Special CHICAGO, March 2. — Indiana | farm income from the sale of 33 | Building— . , Am Radiator 26% leading products and AAA payments | Barber nr ++ dhe | during 1936 was $266,150,000, an in- | Pollang Furnace 47 | creas 9 ver 35 | Johns Manville 137 crease of 12 per cent over the 1935 Pouns (Jdanville 131. { income of $38,300,000, according to | Otis Eley . 41% | Warren Bros .... 1% the Agricultural Outlook. | Chemicals— | ; " i | Air Reduction % | Income Jp these Ley in- | Allied FE a | creas 3 \ i idw ‘'n | Am Com Alcohol 2 | creased in the eight, Igwetern | Co ae : | states—Indiana, Illinois, Wisconsin, | Du Pont 113 : | Freeport Tex .. 20% | Minnesota, Iowa, the Dakotas and | Ligue oD o 2 a | Ma Alkali .... 38! Nebraska—during the vear by 16.2 | Monsanto Chem 02'a { " 0 : Jia | Natl Dis (new) | per cent, the Outlook said, while the! Schenley Dist Tex ulf 8 \ | balance of the country increased | Union Carmi? ; | . | U S Ind 391 only 4.8 per cent. | Am Home Foon Si Although these Midwest states! Drugs— ; : . | Lambert SAK have only 199 per cent of all the | {nn Pink farms in the United States, the re- | Parke Davis Steriing Prod pointed out, they received 32 | Un Drug (new)., i X Vick Chem per cent. the Outlook said, while the from leading products, Above Pre-War Ratio For the first time since 1925, the outlook declared, prices received by farmers now are above their prewar ratio to prices farmers pay. Excepting August, 1925, the January 1937 ratio was highest since 1920, the report said. Using 1910 to 1914 as 100, the following table prepared by the Out- | look gives indexes of prices received by farmers, prices paid for com- | modities bought, their ratio at the | low point in early 1933, and in Jan- | uary, 1937, and the percentage of | increase.

17 pf 8¢ Per Cent Increase 136 ps 89

Jan. 1937 131 128 102

Climb

Farm cash income during 1936 for the whole country totaled $7,- | 865.000,000 from sales and AAA payments compared with $7,090,000,000 in 1935 and $4.328,000,000 in 1932, the bulletin said January retail sales of general merchandise in small towns and rural areas were about 10.5 per cent |over 1936. according to the outlook. {and were the highest in seven years, | being but 3 per cent below January 1929, | Sales by country general stores as {reported by the United States De- | partment of Commerce were 11.3 per ZF Ror Bre (eent larger in Indiana in 1936 than Homestake lin 1935, the report said. HORE mound m———————— Int Nickel | Isl Creek Coal { Kennecott. Cop..

Magma Copver.. Mcintyre Mine. .

. Ale. 2 Low 14 a0 100 54

Prices received % Prices paid | Ratio Sugar

Retail Sales

4 Min . B33

Chicago Grain Futures (Bv E. Bennett & Co.) 11:00 Close

| —_

James Prev High Low Close Wheat— May ..... 1.34 3: 1.33! 14 July : R 141; 1.145% 1 Sept 1.11% 1.1 | ‘Corn— [ May | July Sept Oats— iMayY .... July .. Sept Rye— May "8 July 09% | Sept 90! 5) * Produce Markets aid for while for rices are must

off,

Vanadium Miscellaneous— Aliis Chalmers... 73% | Am Can .. 61 Am Mach & Fdy 26': | Anchor Cap . 22 2 | Brklyn Man Tr . 47, Burroughs Add. . 34% {J I Case . | Contl Can Crown Cork Curtis Pub Deere & Co .. bX Foster Wheeler. . Gillette vol Glidden ' | Int Bus Mach Inter Hary Nat Cash Reg Rem Rand Motors— | Chrysler | Gen Motors ... | Graham Mot Hudson | Mack Truck Nash vole Packard

1.06 29's 897%

stock deliv1 cent weigh

(The prices quoted are gathered in the countr) eries in Indianapolis the | higher. Each full case of eggs | 95 pounds gross). IRgs—No. 1 strictly doz Heavy breed hens

fresh, loss 17¢ Ibs. and over, l4c | Leghorn breed hens, heavy, llc Heavy | breed springers, 1!'; Ibs, over, soft meated, en oer | 13c. Leghorn breed springers. 8c Heavy | Studehake; breed stags. 8c. Leghorn breed stags, 6¢. | White Mtrs heavy breed cocks, 8c, Ducks, full-feath- | — {ered and (at, 5 lbs up, Be se. | | full-fashioned and fat Turkeys toms, l4c: voung hens lbs and 14¢: old toms, 8c: old 9¢. No. Butter —Creamery, No , 37'paca 3840. No. 2. 34'>@35'2¢, Butterfat—No. 1, No. 2.

and oC. 10 hens, a (By W. L., Lyons & Oo.) dlc. Re 3 | 4s 3s 4.5 Oro Prw Maine

United Press) Beggs—Market

| Argentine nD 4s | Ass'd Te ‘Rt Atl City B & Cal Cant Pwr Cent Maine Pwr 3l.s ° Cinti G & F 34s '$ Cudahy Pkg 3%s Cudahy Pkg 43 '5 | Dom Canada 3s ' Elec Aute Lite 4s Great Nor 334s '67 . ae ouston Lt & Power 3'.5 ' Indpls Water 31,5 "6 : 58 Kansas P & L 4l.s Konpers Co 4s '51 - Kresge Foundation 3lcs '47.. | Los Angeles Rev 25 '67 3 i Louisville G & E 3ia2s | Mengel C V 4l,s '47

(By CHICAGO. March 2, i steady, receipts, 7 cases; iresh graded { 8, 2134C;. €3 firsts, 22¢. dirties, 19¢: ent receipts, checks, 18c, storstorage packed

A4 39 45

| eur | age

3 Vac,

dy; 1

receipts. 9585 score), 33'a extras (92 stand-

ry Market, steady. receipts, 48 trucks; geese. l4c; tucks, {4@20c; spring chickens, 19@ 21c; broilers, 23@25¢; hens, 14@ 19c; Leghorn hens, 10@l15'2c; old roosters, 12@13¢; turkeys, 15@2lc. Cheese—Twins, 176 17 Yc: daisies, 172 1734c; longhorns, 17'2@173c. Metro Fd ‘85 Potatoes (Old Stock)--Supplies. moder- | Narra Eke BE 66 ate; demand, slow; market, weak; Idaho | N ¥Y Citv 3s '77 : Russet Burbanks, [email protected]; U. S. No. 2 | N Y State Elec Gas 4s "65 $2.50 2.85; Colorado Red McClures, $3.10 | Norway 83 “1 @ 3.25; Wisconsin Round Whites, $2.40 | Qhio Bison 2 2.45; U. 8S. Commercials, $2.25; Michigan | Qkla G & E 4s '45 Russet. Rurals, $2.40; North Dakota Cob- | Okla Gas & E Inc blers, $2. New Stock—Supplies, light; de- | Pac Lighting 45s : mand, slow; market, weaker; track sales | Peo Gas Lite Coke 4s '61 less than carlots, bushel crates; Florida | Sou Kraft v Bliss Triumphs. $27 2.05; track sales, le » G A than carlots, $2.10672.15 > Arrivals, 84; on track, 308 681.

stea

34 C, 31% a 32%c¢; Bue BS...

fil

‘66

5.72...

3%s '68 45 5

10312

Investment Trusts

(By Thomas D. Sheerin & Bid 29

Busigraphs |. won... 33

shipment

Co.!

filinted Fund, Ine, new) 11 rican Business Shares .. 1. Investing AR! Tod . BBD Ty " 1 2 Ace

COST OF BUILDING

JASSOCIATED GEN. CONTRACTORS OF Aw} 1913 = 100

st mod » fiinmod) 8 orig 3h R phy, ‘C Bh nD’

rusiee sles

2D UN—-DOD OWN Ne

FIGURES

nex Trust Incorporated Investors Marker Btreer Invest Maryland Pund | Massachusetts Investors Mutual Investment Fund | Nation-Wide Votibg North American Tr | North American Tr. Shs { N. American Tr, Shs. (orig. Quarterly Tneome 8he. (new) Bel. Amer. Shs, Inc. (new) Belected Amer. Shs. (orig.).. Selected Cumulative Shares .. Selected Income Shares .. State Street Invest.‘ Corp. Supervised Shares, Inc. Trustee Am. Bk. B : Trustee Standard Oilshs Trustee Standard Oilshs, XxEx-Dividend

Corn

DECEMBER EACH YEAR

1930 1931 1932 1933 1934 1935 1936

THE PARKER CORP, GENERAL DISTRIBUTORS INCORPORATED INVESTORS

INDEX

Shs. 1055 1956

oD. .. 123.00 (Del) 15.24 . : .n3 A” 3.2 3B I

At the end of last vear it cost 4 per cent more for general construction than the year previous, and 14 per cent more than during the depression low in the spring of 1932,

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New Bond Issue

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| Adams | Amer | Belding Hem | Celanese

| Am Tob

intarboro

Sears Roebuck Woolworth Ruhbers-— Firestone Goodrich Veal Rubber . J] 8 Rubber pfd Steels— Am Roll Mills Beth Steel .

1, | receipts today * | tant packing centers, and prices at

HOG PRICES GAIN IN LOCAL TRADE; RECEIPTS DOWN

? : Climb 15 to 25 Cents; Top Is "+ $10.40; Supply Dwindles

In 11 Centers.

| Reversing vesterday's oversupply,

dwindled in impor-

|the Indianapolis Union Stockyards

a © [were unevenly 15 to 25 cents higher.

| Youngstown

Textiles—

Millis. .. Woolen

ad Nea

Corp Collin® Aikman Gotham Hose Indus Ravon Kavser Julius Real Silk Tobaccos— yy Ligg & My Lorillard Philip Morris Reyn Tob Utilities— Am & Foi Am Pw AT & T Am Col Comm Consol Elec Pwr

1D CD et VD te 1D a LR [TET BILD rt IN LD ee 2D DPN DO me cI NBBIN hd A oy NAS eee

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— 2003 ~~ —

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£2 Bd 3 mn Ee 33 =F IAD WINS

& Gas

mt T &

DUDA Wr BANDEN

ALIAS a I DDL tI

Webster

Un Gas Imp Ut Pwr & Lit

t ‘A’ Western Union

many payers.

ng,” of $1000 or more. ports need not be ary or other personal services unle ments If the marital sta payee is unknown to the payee is consider person for the purpo an information or sonal service: Fixed or includes wages, ties, premiums, ete.

ren

quired of employers. The requirements a ited to periodical pa) a single payment ported. Corporations are dends or individual, citizen, or

ciary, or a resident any member of which

or more during the ca *1] 1938. 5 4 . OMESTIC

2 of

» »

distributions amounti

sources

compet

determinable salaries,

must be

required make a separate report of dividistributions

corporations required to make a information of dividends or

Your Federal Income Tax

(Last of

CHECKING DELINQUENTS HE Bureau of Internal Revenue has at its command checking

for

One of these is the “information at source” provision of the revenue act, under which persons, “in whatever capacity actare required to report to the Commissioner of Internal Revenue at Washington, D. C., payments to another in any calendar vear

If the recipient is married, re-

ade of salwsation for ss the pay-

aggregate $2500 or more.

tus of the the payor, ed a single se of filing

return of salary other compensation for per-

income royal-

t, interest,

A separate return of information for each employee is re-

re not limments, but re-

for each resident of

the United States, resident fidupartnership

1s a citizen

or resident, who was paid $300

lendar year

are reiurn

ng to $150

a Series)

up delinquent tax-

or more made during the period from Jan. 1, 1936, to July 1, 19386, inclusive, to any shareholder who is a nonresident alien individual, a nonresident alien fiduciary, or a nonresident partnership. All or organizations acting at any time during the vear 1936 as broker or other agent in stock, hond or commodity transactions (including banks which handle clearing orders for depositors or custodian accounts) are required to file returns of information on Form 1100 with respect to all customers, depositors or accounts for whom or which business was transacted during the vear. A separate Form 1100 must be prepared for each customer, depositor or account for whom or which business was transacted during the vear, and must show the name and eddress and other information provided for in the form. Information returns are carefully checked with individual returns of taxpayers. Thousands of delinquent returns and additional revenue amounting to millions of dollars have been secured as the result of the examination of information return:

person

Chicago Stocks

(By Atkins, Hamill

Advance Bastian | Ber {f

Alum Blessing

1 Ill Public Service Chicago Corp Cities Service | Commonwealth Edison Consolidated Biscuit ? | Cord Corp Cunningham Drug Dayton Rubber Dixie Vortex . x Electric Household Field, Marshal | General Household {| Godchaux Sugar A’ Great Lakes Dredge W B . Katz Drug a | McNeil a Loudon Packing Mid-West Corp . Northwest Band Corp.. Swift International . Utah Radio Prod Walgreen Williams Woodall

Zenith

nd Libby : :

0Oil-O-Matie Industries

New York

(By Atkins, Hamill &

Aluminum Co nf America American Airline | American Cynamid '‘B {Am Gas and Electric... American General ‘ Arkansas Natural Gas “A Barium Steel ve ain Carrier Corp Chicago Flexible Columbia Qil . Consolidated Conpet Cooper Bessmer Dejay Stores ) Eagle Picher Lead Electric Bond and | Ford Motors Canada | General Tire seen | Gulf Oil, Penn .....- g | Humble Oil and Refin | International Vitamin National Rubber . Niagara Hudson Power. Pan American Airways.. Root, Petroleum Rustless Iron and Stee

‘Shaft. .

h i

18.57 Segal

— —— ——————————— ————————

ock 4 | Standard Oil Stuz Motors Sunray Oil .. Twin Coach

ing Co.. vaes Lah

& Gates

11:00 AM

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2 1 1 7

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CITI DVI A N00 ~ITIDI

CIbd it Bo Cid pd ~I ADO Dea

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Gates)

11 AM .. 184% 201,

SYRIRIDINI = 03 WIP TBD EIDY oe aT

| selling

Bonds of the United States Government, Its Territories and Insular Possessions

Federal and Joint Steck Liand Bank Bonds Indiana Municipal and Corporate Securities Real Estate Bonds and Preferred Stocks

General Market Securities

Indianapolis Bond and Share Corp.

129 EAST MARKEY STREET

Other Livestock (By United Press March inciuding 5000 ( fullv 10 cents higher than Mondas age, all interests acti advance 180-320-1b. averages. $10.20% 10 55. $10.40 choice 140-170 ibs. 80 75a 10.25. most good sows $9. 5069.85: smooth lightweights up to $9.90 or better Cattl Receipts. 8000; calves t 25¢ higher hty steers up and heifers advance, strictly long-fed steers absent, hippers and order buver to substitute good to near-choice mmostly at $11.50@ 12.50 paid for weighty bullocks; 81390, comon and medium 87.75% 90.25; weighty feeders very little doing in 1 however; bulls steady ai $6. c_vealers, 254 50c lower at $0.50 down 50. most light and medium breed vealers selling around $8.50 Shesp--Receipts 5000, includinz n gon rects; fat lambs slow: few lv strong to 15 cents higher: 7: erages, $10.50% 10.85: best held fat sheen. strong odd lots $5.50 6.25; choice handvweights, $8

CHICAGO

" Receipts 17.000

narket Ave bulk

top

1500 medium \ most grade

Lop, light grades un

$14.10 steers

(Bv WAYNE 5a 10¢ hs

1bs

United Press) ET Ind. March Market 230-275 250-275 t 300 lbs. $9.75 Ihs.. $9.50. 140-150 £3.00. 120-130 1hs Roughs 5 lambs

$7.25: calves

LOCAL CASH MARKET City grain ‘elevators are paving 21.29 for No. 1 red wheat. Other grades on their merits. Cash corn new No. 3 yellow, $1.01. Oats. 43c. Hay—No. 1 timothy, $13.50 14, No 1 clover, $15@8%15.50; No. 1 alfalfa, first cutting, $1616.50; second cutting, $17.50@ 18.50.

Rush Jobs Make Us Smile

Hendren Printing

Company, Inc. 470 CENTURY BLDG. RI-8533

most

to |

a m t | - replaceisii | © ane Tse

weight |

Receipts in 11 markets totaled | 54,500 compared with 92,238 last week. Local receipts were 5000. Weights of 160 to 285 pounds gained 15 cents; 285-pound weights and up were 20 cents higher and underweights climbed 25 cents. Top price | of $10.40 was paid for strictly choice 200 to 210 pounders. Weights of 160 to 180 pounds sold for $10.25; 180 to 200 pounders brought $10.30; 200 to 210 pounds, $10.35; 210 to 225 pounds, $10.30; 25 to 235 pounds, $10.25 and weights of 235 to 250 pounds were $10.20. | Packing sows were 10 to 15 cents | higher and the bulk sold for $9.15 to $9.50, top $9.60. Weights of 250 to 260 pounds brought $10.15; 260

to 275 pounders sold for $10.10; 275 |

to 285, $10.05; 285 to 300 pounds, $10; 300 to 325 pounds, $9.90; 325 to 350 pounds, $9.80, and weights of 350 to 400 pounds were $6.70, Steers, Heifers Up In the lighter divisions, 155 to 160-pound weights brought $10; 150 to 155 pounds, $9.75; 140 to pounds, $9.50; 130 to 140 pounds, $9.25; 120 to 130 pounds, $9; 110 to 120 pounds, $8.75, and weights of

6 "| 100 to 110 pounds were $8.50. | The market was generally 25 cents |

higher on steers and heifers. Cows were strong and in instances were 25 cents higher, Bulls were steady. Most steers and yearlings sold for $8.50 to $10.50, Heifers were largely $7 to $8. Common to medium beef brought $5 to $6, the cutter grades $3.75 to $4.75. Top price for sausage bulls was $6.25. Vealers were steady and the good and choice Kinds ranged from $10 to $10.50. Receipts were 1700 cattle and 700 calves. Lambs prices were Monday. Good and. choice fed Western lambs ranged from $10.75 to $11. Slaughter ewes were steady and sold for $4.75 to $5.50, top $5.75. | Receipts were 1500.

| |

Good | Mediu | Lightweights (1680-180) Good and

Medium .. (180-200) Good and choice Medium ..... | Medium Weights— 1200-220) Good and 1220-250) Good and Heavyweights — 1250-290) Good 1200-3501 Good Packing Sows (275-3501 Good 1350-4251 Good (425-550) Good (275-550) | Slaughter Pigs 1100-140) Good and cho Medium

CATTLE, ~~ — Receipts, 1200—

1140-160) and hm.

choice ..

—

choice choice

——

choice choice. .

and and

ice. . (500-900) C (900-1100)

(1100-1300) | G eh Joos 9.78012 Ja5@ 9 11300-1500) 2.250 13. 5712

(500-750) $ 9.50m 11, B.i0@ 0. 5.75% 8. $ B50@ 11, 5.75 8.3

1750-800) Good and choice

Common, medium Cows Good "alas SRLS B00 5 Common and medium T5ar B Low cutter and cutter 3.15% 4 Bulls, bod 0. 25% B.7F Cutter, ‘com, "..... 5@ 6

| Receipts, 700 | Good and choice | Medium . Sees | Cull and ‘medium ........ { Calves— Good and choice .$ 8.00% Common, medium 5.00@ [ Feeder and Stocker Cattle | (500-800) Gond and choice..$ 6.50% 8.50 Common, medium,. 5.350@ 6.50 (800-1050) Good and choice. Common, medium. . Heifers— Good and choice

Common and medium : SHEEP AND LAMBS | ~—Receipts, 1500 | Lambs— { [email protected] Good . [email protected] [email protected] @ 9.00

wes — (90-175) Good and choice . 4.75@ 5.715 i Common, medium . 3.75@ 4.75 ly (Sheep and lamb quotations on clipped | DASIS.}

8.507 10.50 nhar 9.50 5.30m R.00

| (250-500) 8.50 | 500

5.50%

Ny Money and Exchange INDIANAPOLIS STATEMENT Clearings Pia Debits TREASURY STATEMENT (Bv United Press) WASHINGTON, March 2

expenses and receints for the current

Government fis-

cal vear through Feb, 27 compared with a

lvear ago: Year 86.38 281,700.58. 404 8.

Expenses . | Receints Deficit nH Cash bal Puh. debt Gold Res Customs

COWS |

strong with |

6.50@ 8.50 |

| New Business Books Available at Library

The following new business hooks now are available at the

| business branch of the Indian[1 apolis Public Library. |

AND R. TRAINING COURSE, Insurance Kesarch and Four vnlumes, mdemnit

R. compiles hy Review, A study

Indianapolis, course in life

TACKAGING, PACKING SHIPPING, compiled hy | Management Association The, art and science of design as ft affec merchandising, vaners presented by foremost authorities on packyr At a Packaging Conference held the sponsorship of the American Management Association

AND

merican

STANDARD HANDBOOK FOR SECRETARIES, by Lois Hutchinson very comurehensive guide on all hases of ctfice work. business Engfsh, leterwriting and closely related subjects including an excellent list of reference hooks for the office,

YOUR WORK ABILITIES: HOW TO EXPRESS AND APPLY THEM, by A. W. Rahn. ‘''The efficiency of a man is the sum-total of what he i"

AND THE

BANKS i NR 4 Randolnh

THY. RESERVE ONEY MARKET Revised edition, Reserve onerat and nolicies ; have developed through past 21 vears.

N. Y. Bonds

(Reprinted From Late Times DATLY BOND INDEX (1028 Average Bquals 20 20

the

Yesterday)

Inds 04 94 04 n4 a9 95 94.1 hy

Rails 09.7 a9 6 100.4 100.1 93.8 101 2 Now Standard Statist

| Today See [Saturday Week ago | Month ago | Year ago | 1937 high 1937 Mow (Copyright, 1037 P. 83. Moueley & Co.)

(By J GOVERNMENT BONDS

. 8,

- F'reasurys

150 |

1056-60 1940-50

Home Owners Loan 1942-44 1949 1952

Federal Farm Mortgage Corp.

DOMESTIC Today's Bond Leaders—

{ Int Hydro ¥l Bs "44 NY 8

ont &:

| Pure Oil | Rep Steel

{ | Allrg Corp Hs Alleg Corp 5s Frgn Pow Tel & Tel

i N Y Dock 5s | Erie 5s °''75.. | Brie 5s ‘67 ... | Grt Northern Grt Northern “‘H’ | Grt Northern 4'us Gen Stl Cast WW Klug ’ | Hud & Manhat Ref 55 '5 | Ill Cent 4%s ‘66 { Ill Cent Jt 4'4s '63 Sh Il Cent 5s "63 . «va Interboro Rapid Trans bs '66 Interntl Hv Elec bs '44 Interntl | Interntl Tel | Interntl Tel Lehigh Vailev | McKess & Rech | Mo Kan Tex Adj Natl Dairy 3%s ' Natl Steel 4s * | Nickel Nickel ) N YJ Cor 2013 N Y Cent 4'2s 2013 Cent Conv 6s ’ Nor Pac 3s 2047 . .. Nor Pac 6s 2047 ' New Orleans Term 4s '5! beth RY 4x 63. .-.. .. Penn Ry 4%ys '84. ..... R15

| Penn Ry | Penn Ry 33 ‘ Portland Gen El 4!55 Para Publix 6x '! [Denn P & I, 815% ° Postal Teli & Cab 5s '5 | Rem Rand WW 414s ' | Shell Unison Ofl 315s 'f | Socony Vac 355 '50 .. Sou Pac 4'5s ‘BR Sou Pac 4'sx "81 | Sou Pac 4s '4d | Sou Rail 4s {Sou Rail Bs '! | Sou Rajl 5s * Texas Pac 35 '7f . Third Ave Adi 55 ' Union Pac 4s '47 United Drug 5s '53 U.S Rubber 5s '47 NY NH & Hart 8s '48 | NY NH & Hart 4's | Warner Bros 6s '39 3 | Youngstown 8 & T 4x '61 | Youngstown 8 & T 3's FOREIGN Fargentinh A 68 37 wv... Australia 4'ss 5 a Brazil] 8s ‘41 .., Canadian Govt Denmark 4’ 55 French 7's [German 3'. | German 7 | Italy % ° | Japan 615 ah I'Rome 6% '3% ........n0

— 3 w

SADT TWI TI I

pk pk ek ek AIO DDOW— 7 AEE waa Rag MOOV TD -IMLI I 0

4 no

= GRUEN WATCHES

nival shell game. But on glassy streets or

LIKE TAKING CHAN If you MUST gamble . . . you can try the carhell game. Bit DON'T rick Ife by criving walking in damp wea ‘money

Ho CES?

ther. Save and yout health

| Times

sumption

[ tion, the report said.

trade's

SHOE INDUSTRY OUTPUT MAKES ALL-TIME HICH

Production Starts 1937 With Schedules Stepped Up Over Last Year.

Speci

NEW YORK, March 2-—Despite the largest output of shoes in the history of the industry in 1936, con= paralleled it so closely that factory schedules at the begin= ning of 1937 were higher than in the year preceding, according to Dun & Bradstreet. During February the volume of reorders added further to backlogs and tightened the delivery situa Business on hand was held sufficient to maintain operations at a high rate through the spring season, Dun's said, Floods delayed spring shipments in some sections, but instead of cancellations, original orders were increased to cope with the abnormal demand that followed, the re-

| port declared

Production Sets Record Production in January set a new high for the month, in spite of the 415.227.276 pairs made in 1936, the largest output for any year in the history, the report said. Widening interest for the various grades leather since the early part of February indicated the exe tent, of needs to be filled this vear, Dun's pointed out Consumption of

leather in 1036

| was about on a par with the produc[tion of 22,610,000 hides, according to

[Commodity

Exchange, Ine, which

[represented an increase of about 48 [per cent since 1932.

While retail prices of shoes during

| the spring and summer will range

| sent

| recent

| Indpl:

| Noblesville H

| Seymour

>| T H Water

{Cent

| Ind Ga

| Union

Bankers

from 15 to 50 cents a pair higher,

f | markups of $1 to $2 a pair may be

necessary on fall goods, due to the shortage of and rising leather and labor costs, the report said,

hides

Local Securities

(BY The

Bana & Share Corp) tollotwing quotations 46 not repres actual bid or offerings, but merely indicate the approximate market |evel hased on buving and selling inquiries or transactions

BONDS

Indranapoll

Bld Citz Ind Tes! (TH) A031 H Tel & Tel tt W ! H Tel & Tel 4 Wb ind Assoc Tel 44s ‘8 Indiana Tel Co he Incpls Railway Water Interstate Tel Kokomo Water Morris 5 & 10 Stores Muncie Water Works

& P 62s Ohin Tel Serv 65 '47 v Richmond W W 5s '57 Water Co hs * Trac & L 5s Works Water Worl Term Co 5s

445% "61 51.5 '55..

Wo ‘43 Va

I H ‘4 5 fe

iH Trac NV ' STOCKS St Yas com St Yards pfd. } 1." 3

Belt

allroad & Railroad & Ind Pu fel 1 ies Home Tcl & Tel Ft Wayne... Hook Drug Inc e's Ind & Mich Elec Co nfd 7s... Ind Gen Serv Co " Co Com Ind Hydro Elec Co Ts Indp!s Pwr & Lit Co pfd Indpls Pwr & Lit Co pfd Indpls Water Co pfd 5s N Ind Pub Serv pfd 5's Ind Pub Se nid 6s rv pfd Ts Laundry Co Co Ind 6s Co of Ind Ts te Bic Co #8... Title Co com

Unlisted Stocks

(By Blyth & Co.)

7s ng a Bx 6lz¢

Thrust Chace Central Hanover Chemical

Continental Tllinois

| 'Guarant: Trvine

| Manufacturers

National City National City Cleveland National Shawmut First Nation Boston FYRE INSURANCE Aetha Ti IAturance American Ins of Newark Ba American Pederal Frankl

Itirhre

Insurance

Aluminum

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