Indianapolis Times, Indianapolis, Marion County, 9 March 1937 — Page 16

PAGE 21

[ d T . . Begins Expansion Program 1 1 ] Bethlehem Steel Corp. is to begin work in the next / en S 9 . Abreast of he Ti eS on Finance ’ . few ye Ds SEO building and improvement program for 1937. This year's program is more than

Guffey Act Hinges | PAGE 16 TUESDAY, MARCH 9, 1987 GoULle Kats, the company anid, On Court Plan

Flynn Says, BUILDING TRADE Gasoline Stocks Reach Highest Level on Record HEAVY SUPPLY NV. Bonds TONNAGE CLIMB |

By JOHN T. FLYNN [Tp Sderrstatoe svc ELE ERY rotor Newiorh . » wea, waren owe nee | HELD LEADER IN SENDS PORKER IN SHIPBUILDING — » RATIO OF (Reprinted Fronr Late Times Yesterday) J

been trying to oie just pre- TOGASOLINE STOCKS TO ANNUAL CONSUMPTION DAILY BOND INDEX

cisely what are the economic ques- | | fia tions behind the President's Court | 2 ; [ 11926 Anerane Eunis 1 o proposal. Yesterday we looked at 500}-~.2 nue i RA 8 A Sef eats is : | Inds Ralls. i 8, 94.5 100.0 4, 90.6 | ‘ ' '

. consumpion ’ the general welfare clause and its : Srtutday ciiies BAB relation to the farm program. The —— Month I: 04.9 30 EE 4.4

) } Stocks on Apri! 1st Week Ago ; 0. t constitut ‘ela 00 | i ——— — ay - - { - . 2 , : . : next constitutional barrier to pre: House Shortage Has Become . Weights Above 160 Pounds [i wi ae it) we 001 | Construction Largest Since

dential measures is the Supreme 103% "Tow

Cou S POs iy ‘ { | *New low * Oe oH Acute in Some Centers, 00 = . ; . - - - =) ted Drop 25 Cents; Packing ant 1037, by Standard Statistics) 1922; Volume Climbed

Congress to tax.

JIE Cou Dun’s Report, : Sows Decline. (By P. 8. Moseley & Co.) Last Year.

that Congress U. 8. GOVERNMENT BONDS in the exerets | Times Speeiat Heavy supplies in the largest os Treasurys Close Times Special of that power NEW YORK, March 9-—Plans | packing centers today forced prices is RIAL en or NEW YORK, March 9.—RecovCongress can | thus far released for new construe- (down 25 cents on weights above 1603.3 1846 i ery of the shipbuilding industry is . indicated by the 529,000 tons now under construction, the largest

\ ; t es Rut how | sufficiently numerous to indicate | 0 1226 1037 1928 ac 1830 104 1932 1033 1014 1035 1038 1937 (est | Indianapolis Union Stockyards. Ji Rn Ete 2h Son (that the building industry will as- | "" . | tynderweights were off 10 cents on |; 5 J During the week ended Feb. 27 gasoline stocks | 74's million barrels, Based on what has taken place late sales. 3s cording to Poor's Industry and Invesiment Surveys.

‘ o | sume a leading position in the van- : regulate? On i rose to the highest level on record, namely, | during the month of March in previous years, it is Receipts in 11 markets were 62, - (hs This follows last year's gains in

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| \ e | ar i Orie V | \ § a : Ey »"” : Bi fam he | guard 0} the Sg CONFI tos | 76,616,000 barrels. This compares with 71,207,000 not unlikely that gasoline stocks in the next few | 150 compared with 55,123 for the 48-51 .. Mr. Flynn supreme Cou to the nation's progress, Dun & | parrels on hand a vear ago and a 1936 peak of about | weeks may reach the 80-million-barrel mark. same day last week. Local receipts Hi 361-4 102.38 ) nd 9! "104.90 41 construction and earnings, Poor's

has held for Br ? ots & ; radstreet said today. | 2Tas 19! cies : many years that while Congress ii . | today were 8000, a gain of 3000 over | 3.7% 1545750 100.27 50 | pointed out, when the volume of

: Wvbehione ts : Covi Widespread pay increases already can tax practically without limit, I pa) ~~} a week ago. Home Owners Loan Corp. work handled by shipyards more

| have provided a strong stimulus to - the | the tas & s a tie tas | ) J ) ) Sows were 10 cents lower with the | g on 10 ax must be a tru tax and hot | home building, Dun's pointed out, as Nes y 01 > Stoc 4 4 xX h In C Prices bulk ranging from $9.15 to $9.60, top 2148 1042-44 . 101.3 2. than doubled the 1935 figures. Re5 Is je incident to the power to shortages have become acute in he , OC 4 oJ | $0.65 at 160 to 150 pounds 30s 18 on . 10 | sponsible for this is the recovery guiate. | m facture enters gy ol re trary © [in merchant shipbuilding, t = In the child labor case. after | many manufacturing centers, and | sold for $10.15 to $10.25; 180 to 200 | Federal Farm Mortgage Corp. port said. shipbuilding, the re

% ; rents have continued to rise. 3 i ; 3 ( Congress had imposed a tax on in- Industrial expansion has forced | (Ry Thomson & McKinnon) | ign Frey. am «| pounders tous: ori i aio 303 [is 1964 This type of construction now ace { ing e ahot \ np yt nn ® ‘lose : PIER, 8, 0 d, 049.41 . bis 1 dustries employing child labor and plant improvements and extensions. | ttigh tow B05 BIE oon Mig NV Out & West. 8% 3% A ko are poun ds. $10.30: 225 to | 1042-1 cer / counts for about 48 per cent of senaing their goods bevond the || ; ; : Ht ro Elec Auto Lite Norfolk & West 2607 ’ ? N 0 & DOURUS, “rr : ESTIC otal to ; . : > the report said, while commercial | Amusements— Elec Stor Fat Nor Pacifie 38s 38 : 935 pounds. $10.15 to $1025 and DOMESTIC tot: nnage, the report declared, state line, the Court held that the |yyijding has followed the demand |crasiay Radio .. 25! 25 Grevhonnd New Pea RR... .. Hh | wel pos f '935 to 250 pounds Were! Today's Bond Lead Whereas the Government's large lax was not laid for the purpose of | for lareer office and loft quargers Bara n ne 581 38 | Hove Nee ) Sou Pae « 83 3 h 61s $1010 p $10 20 dad : G n will ag ac or naval shipbuilding program has in ey \ . \ & a so . aramount 28 26 Motor er |oit RR vi Of } 37 V4 6 § O | 20. | GGt North 4s J 3... : ) . R FS Cre ut in order to regulate Home Increase Foreseen BRD Corp ....: 13a 2 Stew Warner Union Pac IR) 1 $ N Y Cent 65 '44 Crise eve 29% 28! recent years accounted for most maustry. Ss Congress 0 al : A Vabash : 6 ' ! f el { p Rep Steel 44s 50 ... 101 i N ) ngre had 1 RA rviand “ of Underweights Steady | GER IoArS Aline Ba vas. 1 30; | Shipyard employment,

Timken Det Axle Oth Century Fox 37% BY Youngstown 31,8 '51 57 Subsidy Act Helps

power to regulate industry, save as By far the largest increase is fore- | Warner Bros | 138% 15 31. | Timken Roll ] | ! e if { crease i 3 fees Oils | Retail Stores=e | Weights of 250 to 260 pounds “Althotn i; : : . erchant onnag ry 3% 23% 23 - | Allcg Corp 5° *4¢ : a r Bn : : find DYY Gods 21 1 pounders were $10 to $10.10; 275 to | Alle. Corp 5s '49 : generally has been limited to tank

specially granted by the Constitu- | [Aviation ¥ y 2 1 1e_Constitu seen in the erection of new homes; y Allied Stores 21a 2 21! 21% | brought $10.05 to $10.15; 250 to 275= | Alleg Corp 5s '44 First Natl Stores 50% Am Frgn Pow bs 20! 4 nl ers and miscellaneous small ves=

tion, it could not seize this power d tA Biation Coth ‘ through the use of the tax weapon, |according to the repor ough | Ba right : | Diy te jin some cities home building in 1036 | Curtiss Wei TA). | (iimbel Bros .... 2 r 2 2812 1 285 pounds, $9.95 to $10.05; 285 to | Am Tel & Tel Has "43 " : | Gd Un Tea J +1 300 pounds, $9.90 to $10; 300 to 325 | Arm, & Co, (Del) 45 5 9's 9 sels,” the report continued, “thas . Sy Wh . ’ - ‘oast Line 4s 'H 2% \ pounds, $9.85 to $9.95; 325 to 350 | Ati Const ome fs 024 97 0615 | Yeplacement of more than 400 old

” ” ” i Douglas Afr § same question arose as to | Was almost three times that of 1035, | N 2 | soi Am Wat Wks 6s '76 ( f and obsolete cargo McCrory St pounds, $9.80 to $9.90, and weights | Balt & Ohio 58 2000 9: Bo and passenger

the Guffey Act regulating the |conservative estimates, Dun's point- | 3 Ar Line: i : : : coal industry, but the Court did ed out, place the 1937 volume at 50 { Trans Contl & | Marshall Jed. 234 J8% 2 287s | of 350 to 400 pounds were $9.75 to | Balt & Ohio 68°95 ........... ): yous is anticipated for the next | i: f ; | $0 85. | Balt & Ohio 4'4s ’ ew vears.

pass on it. It held the act un- Building— ne > eo hStbutional on other grounds | Dep cont Mahar. ctimat t6 1001 Thy Safeway 8 rs 49 1 4 3% | In the lighter divisions, 155 to | Bein aoch aay et I vee 041 | Credit for this belongs to the But Congress wanted to force coal 1 ove i era ipa es run to Barber Go "LC I LRUER: « 2a 53h 81% | '8 | 160-pound weights brought $9.90 to! chi Milw & 4 3s '78 ...... M4 3494 { Ship Subsidy Act, the aim of which operators to become members of |. © per cent, the report said, due | yo, Mg Rubbers— | $10; 150 to 155 pounds, $9.65 ta $9.75; | Cleve Un ‘Term 8s 13... 108 + | 1s to equip the United States with : : Firestone . 38% at 384 140 to 150 PO A 0 01 33 ne oh Jem ’ : 4 8 gern and efficient merchant | : 3 Be gl Ceseeva Ya a f > 1 S, 80.15 0 $9.25; 92 _ Ws a J / ; " e | Small Homes Movement. U 8 Gypsum .. Mts 1 3 [SO of Ind Goodyear ....... 43 2 12 a o 40 Jonas $8.00 to $9: 110 to Can Pre “perp. f 4 95 “Carrying out of the Ship Submined, but remitted 90 pet cent of AS emi eale - Sits 353% 83 Texas Corp... U 8 Rub pid. . '» 10%: 110% 120 pounds, $8.65 to $8.75, and Cen pac DL. ‘eis : g: sidy Act's provisions will place Steels= [ weights of 100 to 110 pounds were | Colorado & So 4lus ’ I I American lines operating in world

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Unoccupied dwellings at the be-| Chemicals— | Texas Corp § the tax to those operators who |SInning of the current year were | im com Alcohol 37 . ; Un Of of Cal. 28 : . joined the association. It was con- | the fewest since 1924, averaging !4 | Ba man 114 4 Wo 1380s | Rails [fm RON iis... 13% 4 0340 10334 | $8.40 to $8.50. SH & Gesgnd a 52... 941" | trade, on a sound competitive basis tended that this was not a tax for [Of 1 per cent in some cities, while | | Freport Tex .... 2! : : | Byers A M...... 8 3: 33 32 "| The cattle market was active on | Container Corp 6s es 041 | with foreign flag vessels.” revenue but to force regulation of |rents were 15 to 25 per cent higher | Jom Care om Tiana. Steel |. 13312 1991 1381 198° | all killing classes. Steers and year- She a, AN. *xnre However, the report added, true the coal industry which Congress |!han on Jan. 1; 1836, Dun's said. Natl Dis ew) Gal Pacific’ | Keystone Steel . 19% 197 9% 19% | lings were steady to 25 cents higher. | Del & Huds 4s "43... 93% 9s ,, | prosperity for such companies must

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Chi & Gt W epee a ' ia ‘| Heifers were mostly 25 cents high- | N § DOCK 45°04 !I 20a 64 | Stl await further improvement in Otis Steel ‘’ 23la 24la 2315 er. Cows and bulls were steady to | Erie 5s "15 vivereis veo 87 international trade, regardless of | Sharon “Stee. | + 3315 strong. Two loads of prime 1145- | Erie Nn wd Ye 3 * 1361, | the sharp gain in trans-Atlantic U 8 Pipe & Fdy 2 7 91 : pound steers brought $14.35. | Get Northern ‘H' 4s ° 1 1.2 | passenger traffic indicated for 1937, { Hud & Manhat Ref 5s '57.

U 8 Steel 1252 £ 4 Grt Northern 4'4s 'M17 ‘es : Wrrn Pipe & Fdy 45% : Vealers Off 50 Cents Gen Stl Cast WW 5lis '40.... 94! —— ———————— Ygnstn S & T ..100 | . Hi Cont dvix ros « 82%, : I | Textiles— | Bulk of the steers and yearlings | cent Jy ive , BY, al nvestment Trusts Adams Millis ... i 26% 24° 26', | ranged from $8.50 to $11. Heifers is Dent os 3 " 5 6 9 90% (By M. P. Crist & Co., Inc.) 00 3 a | c ‘ erboro Ra ’ , Of | Celanese "Corn + 3 3% 3 33: | Were mostly $8.25 to $9.25, top $10. Iniernt) Hy Elec Cea y ere Administered Fund 2nd, | Gotham Hose ... 121, i 1 | Common to medium beef cows | Internt] a & Tel 412s 199. wee 3 Affiliated Fund, Inc Indus Rayon ... 37la ‘ : (brought $5.25 to $6.25, the cutter Internati Tel & Tel 414s '53 21, Brod Sizeel Theeseiny Corp -

Ap ieeh a : : ; grades, $4 to $5. Weighty sausage | | Lehigh valley 4s 2003 ........ 697 ’ Bullock pnd Lig . HR A : {2 an’ | . RY i {Ww 9° 3 Sy DAR 97 32 entury Shares Trust .... Am Tobacco “B' §f Nt 92 bulls were $6.50. Receipts were 2300 Corp “AA” or “Accum.” (mod)

i Gen Cigars 48 1 attl d 800 calves Natl Dairy 334s '51 f y | Corp “AA” or “Acc | od) though there was a recession in Jan | NX Cent 5: : calb'e an 5 | Natl Steel 4s 65 Porate Tost St, (unmad gressive groups for another purs te : | Financial : : |N ¥ New Haven : | pias 8 Byres Vealers were 50 cents lower and | Nickel Plato dios 78. °" 94: 474 | Diversified Trustee Shaves Bpose, namely to bring about a more |WAry from the December record, | Adams Exp Rlir fie Slit 210: | emu a= }eynoWis Tob the good and choice kinds ranged |N'¢el, Plate 51.8 3 ., | Diversified Trustee Shares ‘'C'

| rah 3 ET pdt wr 812 | Allegheny Corp f § 5'a | | : i Cent 85 2013... .cuvvrr! : AJ equitable and sound distribution of [building permit values for the 215 Am Int Corp { 3 | Local Livestock Utilities . | from $10 to $10.50, IN ¥ Cent 415s 2013 941s Logi Pt hres, Shiates | D income through income taxes. But | cities compiled regularly by Dun & | Gomin Seren ald : . b 1X . am Seer AAT 2 2% 23 130 | Lambs were 25 to 50 cents higher NY Sent Sonv 8s 44 129° a | Fundamental Investors. Ine. this power in Congress is not ques- | Bradstreet, the total was $68,341,235, | Com vy rust’ A \ ’ HOGS AT&T . .....1798% IM 8% 17 78)! » | with a top of $12.50 on several loads | Nor Pac 3s 2047. 6 6: a) Final S9boratien : . Lehman Corp 3's 33's 3: 3° | . Al To tece | AY Vat Kk 25% 25 3 51 Nor Pac 5s tioned. [or higher by 24.4 per cent than the Troaanerics |. 2 4 | 4 ai " dop | Re Am Ya :s Biec "3% 2 * lof choice fed Western lambs. Best NO! Pac 2047 ; 1 1 Incorporated Investors Taxation as a means of regula- |$54.957,904 for January, 1036. Foods | & 10.10 10.50 10.50 300 | Comm & Sou }! 3 3's [native lambs were $12. Sheep were | Penn Ry ds '63 011% iz Ras Do rr me whi | tion is a extremely awkward in- | This marked the 25th consecutive | Am Sugar .. : 5 ' | & 10.004 19.30 1 5 Consol, Gas 428 4213 423 42° steady and the bulk of good and enn Ry 3 : cea Massachusetts Tavesiors Tris . FMony ty 914 \ 94 3. @10.5 0 : Elec Pwr & 33 2M 2314 € = }y 44s . i - strument. If we wish Congress to (month that the total for the com- Smo Prod 9%: : 2 2 dE 10.004 10 33 10.4 Wt T & T ' ; 13 ‘u | choice slaughter ewes were $5 to Penn Ry 3% *70 ; { 993, No oa Wide Voi ng Fund : regulate industry we should invest |parative one of the year preceding | cul packing 2 43%, 42%, 3 | & 0850 AR) i ou G& RE ia 2h Wh 1 | $6, Receipts were 1200. | Para Buble Bess x LU 1000 1007, | NOKth American Tr Shs (1953) Congress with that power so it may | had peen exceeded, bun’ s declared. Gon DIE Oe. dhe 31. 3 Ray: | Ligh eran ut | NOE Ay, Ub. 13K 30%, i : | rs | Be AES L Sus L. ever. 1088 55 | NOFih American Ir Ts ei be exercised intelligently, : Sa \ 3 mata (140. 160) Good and ehoice Rapid pase G & BE 34 J O8la . 8 ab o8 bi 39% | Quarterly Income Shares .... y Son Boe. GS 3 3 3% a hiweiaht Medium Peoples Gas 5 5¢ BO Le 2 Other Live stock | Shel Rand aise .: : 334 Selected Amer Shares, Inc ... ” ” ” 3 > Lie eights 9 Pub Serv N J (Ry United Press) | Socony Vae 3'535 '5 ¢ Selected Ina ong)

—————— Gen Foods ...... 4, A h 1160-180) Good and choice ( i 3 ord? : : 106 Shar : wks Vout x ARS a " \ , h ) ! C ‘ § as | z ¢ Shares... I ERE again we may ask what Local Secur ities R W Sugar ..... | : : Medium R Bg Webster a 21 ] CHICAGO, March 9. .Hogs—Receints, | Sou Pas in Is ! { Selected Income Shares « ki, BB f rN f . i | Son a 4

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As a mater of fact, this would GA Am Home Frod.. 502 J ; oY Chi & Gt W pid not be an important issue if some Virtually, all building materials | Drugs— M & Sr PF otd. a 4 “ : 1 am t ‘ ’ . 233 232 ¢ M & St a others eoule be settled. The tax [have followed an upward price fe AVA iss \ 4 y weano as bee y 8 J Ig apon ha een admittedly used | trend, and wages are above the level Un Drug | new) to do things which Congress had Ho : no other means of acomplishing. 1f |°f & year ago, according to the re- DEUINHIR! pee 3 y . an Am Brake Shoe the power of Congress to deal with | pore. Am Cr & Fdy ! aorie t i 3 a A 5 Joe 55° 55! 55° 05's 1 ‘entre agriculture and industry could be Open weather during most of the 4M Loco ) 4 Ji Lentral established either by amendment | winter has enabl buildi . Kk | Bald Loco ‘ } 3 1) Lehigh Valley or by reversing court decisions the dBi abled building work | Gen Elec .... a 800 ) bil hou & Nash {a% Weapon would not be needed. |to proceed with little interruption in | Foor & © .... 80s Bt ME &T pd The tax power is of the greatest |many parts of the country, Ale West Air Br ... Bt 98, 38.1 Mo Pac importance to all liberal and pro- : | Westingh Elec. 139 a 153'a 153% 132 Mo Pac pid

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a bi fecker Prod .. L ! (180-200) Good and choice x Lg . . ‘3 21,000, tineluding 6500 directs mar { 8 : ¢ | State Street Investment Corp 1 use of the tax power does the (Rv Indianavolis Bond & Share Corn.) Holly Sugar .... 3 : 3! 24 THAI ab hodaiedi 500010 17 United Corp ! 3 CREAR LL IL RR Ras Sou Pac ds 49 ¢ 867 | Supervised: Sharer Tet a President propose which calls for The following auotations do not repre- | Nal Biscuit... 32 : : 32 Medium Weights= : ar | Western Union. 7 : 1, | Ibe, off more in spots: packing sows, 5 Sou Rail 4s sevena.e BE : Trustee Am Bk B such haste. The only plan in sight | Sent actual bids or offerings. but merely [ atl b Jrod .. Eh J : 2st 200-220) Good and choice 10 2 — 10c lower; $10.35; bulk good and | Sou Sau eS. veveed 106 Trustee Standard Oilshares “A" ¥ | indicate the approximate market level | Purity Bak 22 22! (230- 250) Good and choice. . ae 0: choice, 100-300 Ibs., $10.156110.30; 140-130 | Texas He 5s rer 108 Das FrUsee Stmtniy Ofisnaries:

now is the Guffey Act—the new | based on, Duving and selling inauities or | 8 2°Lt0 Rico sug |! 33 3a 33° bights— wid choles i CJ Ibe. $8.76 10.10; packing SOWS 19.50079 13. | ‘Pexzs Pos BS, “ : 3 — 3 r Act whic i Thi recent transactions : i i 2 } AF Ole 0 nha f t kb Cattle—Receipts, 7500: calves, 2000; gen- exact Pas Bs th a 278 ’ Guffey Act which is pending. This BONDS | Swift & Co ..... § 28! 3 -350) Good and choice . 0.756110. 1icag 50 9S oc eral market, active and firm; instances | Texas Pac 8s »37 10110 06 Unlisted Stocks act empowers soft coal operators an Bid. Ask. | Un Biscuit (| 28" By acking Sow ah, . higher on good and choice weighty steers: | Third ave 1.3 38! 39 ; v to form into trade associations and | citz thd Tel CTH. Ys 81... Yniiod Fruit ‘s 3 RB | 27 350 } Good 0.506 4.6 (By Atkins, Hamill & Gates) also on well-finished yearlings and rank | gnion, ee 53. sexe 114 3% (By Blyth & Co.) 4 | Dy LN A ? ; R! He ees and file cows and heifers: killing quality | 7's Rubber 5s * : Bankers Trust ase

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Common, medium @ 6.50 | 11 A.M. Close | Wheat— High Tow A.M. Close | Cash Bal, 1.584,332.141.67

Feeder and Stocker Catt { Aluminum Co of America... 1625 181 | May ..... 1.36% 1.28% 1.36% 34,687,060,012.15 30,711,250,850.7 (500800) Gooa and choafer § 6.5 American Cynamid “B"....... 3174 32 lv 1.18% 1.18! | Gold Res .11,450:505,266.06 10,167,143.344 91 . PLAN ! 1000 hoc 8. 50 | Am Gas and Electric : 1 301% | Sent nan 515 154 115% 51. | Customs .. 312,381,420.40 '265.241.210.14

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. . 1 » ¢ sociati IH Tel & NW 3... : 3 : makes those associations the code | Ind assoc Tol Rr by 65 ‘ 104 “| Household , 35 Good Blethen: pa ap 8 1} ants In = ¢ | plain, best steers around $14.50: few loads, | , 50) Medium Chiasiinas 3 9.15 | Adams Manufacturing «....... ' Toy. | $13.756714.25; comparatively little above Hl & t 4148 pre 53 Gaase They can fix prices and produc- | indpls Railway, Inc 8s, oF 8 | Songoleum fait iH he 8 3 100-140) Good and choice . | @ 8.50 | Allied Products aria !A | meaty’ steers suitable for further Inch; | waste Moy 55 oe tion quotas and regulate trade | Interstate Tel & Fei 5128 '63.. ¢ ; Medium @ T:E9 1 Asbestos Manufacturing ...... 3 228 | all she-stock at active demand: sulls firm | Western Miry Se 60 practices. These are purely private | §atRe% &*\% Stores bs '50 3erghof . 3 : : \ s & --102 : . ; : — tg, 2300-=< bal a . sausage bulls to $6.60; selected veulers to | y t . Tag ’ : groups of coal mine owners who | Muncie Water Works 5s '65 | Miscellaneous Receipts | Butler Brothers ee 373 $10. mostly [email protected] on good to cholce| onestown 8 ; Manufactyrers i are thus invested with the power t0 | ohio Tel Bery 8s Am Can 10015 108 8 CIOOR &ooonuvees. ss 5012.00 | Chicago Corp 3 3 8 y i '" ne . . Wr OEY “e ‘ A ? a mena nan | lICE or} viene | heep—Receipts, 7000, no directs; fat | Argentina A 6s '! legislate about the coal resources of | Richmond WW 8s 81 Am Mach & Fdy 20's 2 28° 2 | Medium ...... » nus | Cities Bervice heave, ly [ lamb Supply around 75 per cent from Colo- | Australia 414s 00! Tis i od JRANCE i Brkiyn Man Tr. 190 3¢ 51 3's | (900-1100) Choice Qu » | Consolidated Biscuit .......... nd good kinds at $116 11.75: practically | Canadian Govt ds “veieee. 107% 10714 | Aetna Fire Insurance This is a return of the NRA to TH Water Works 8 ‘3 | Burroughs Add. . 34° Good ..ioooinnni BI301150 1 Cord Corp : : : nothing done on best Kinds held around | Denmark aa American of Newark a 0 ‘ 8 2 , Y “wr A ¥ ~ \ " x I : \ | y the coal industry only in a very | Trac Term Co 8s 57 ... | Contl Can Common .50 as | Dayton Rubber Lees ; cations around steady: sheep very scarce; | German Siig tas Franklin’ Fire A . ; hb . > Crown Cork .... 843; 31 ! 00 : General Household .. 38 { Italy 7s '51 ves 895; ’ was recognition of collective bar- |Belt Railroad & 8t Yds com .. 8 Y ! 3 Medium 0010.25 | Great Lake . strong to 25¢ higher. Japan 6's '54 34 951, | Phoenix . | Belt foiigad & St Yds td... Santis Bull tii IO ; 1230 13. Jieat Lancs Dredge PT. WAYNE. March 9.—Hogs—Market, | Bo and 75 "47 li E2t 83° | Nationa) n a ‘a i y . | Eastman Kodak 168'4 189 Goo seaiaiies oa Katz Drug ‘ ‘ : 6ly | A . maximum hours. But there is not | Home Drug Tel FU Wayne £% Foster Wheelet.. 48 48 1 Heifers Ken-Rad_ Tube | 255; : $10.05; 180-200 1bs.. $10.15; 250-275 jit. Tokio City 5las .. 143, 175° | Hanover Fire a word for the protection of labor |xInd & Mich Elee Co ptd s.. let Li 05g | $9.90: 160-180 lbs., $0.95; 275. s., 80.65; | Yokohama 6s '61 . 82% National Liberty 0 6s Glidden «48% Good 9.004 10.00 | Lion Oj N Here ' } Int Bus Mach. . 181 8 181 i ¢ | Loudon Packing | 150 Ibs. $8.15: 1. 8, 38.90; us Tire it is a fact and the President nd Hydro Elec Co ol a Common, medium. 6.006 o : napis Pwr & oD s Natl Cash Reg . 38'4 8 . Commo ii 6.006 8 McGraw Electric f tS Owens Bottle ...180 ommon,, Hedium @ S101 Mid-West Cor ol; EL N ; plans, to push this bill through. |Xmdnis Water Co nid o a INDIANAPOLIS STATEMENT To make it effective all operators Rel Underwood B Dds { Good... ‘ 3 5m 5 | Schwitzer-Cumming ......... | 5 25¢ lower, Pigs-—Market, steady; bulk. | i oh 3 . . ! | Worthingtn Pmp 464 Common and medium ‘ » 6.25 | Standard Dredge pfd ........ 200-225 bs. $106 10.15; 225-250 lbs. £9.25 Debits 6,928,000 Mining— : y tax is remi ®! Rulls, good Cana eu 507 | Stan Radio Prod .......oo00s 3% 314 | $0.757 0.80; 160-180 Ibs.. $9.75 9.90; 1° TREASURY STATEMENT os I a ye to those | Bub Eoty | Araskn Sw Cutter, com. ... sevas 5.006 50 | Walgreen .. ‘ ‘ ‘ 471% | 160 lbs, §[email protected]; 100-150 ibs, @ (By United Press) NC sSsociat . " y Am Smelt A Pkt #5 eta ] id haste to pass a bill like this? Do tow. aad ot Receipts, 800. | Tab Western lambs, $10.50 11; native expenses and receipts for the current 1aste to 8S ° X 187 ) | 00 an enoice | : aw 10.5 -—— ot TT. ; | § Medium Fistisiiteice @ 0! { with a year ago: people wish to justify a raid on | | Dome Mines ... § Yh | Cull and medium ‘se : i Ve Y or rk ( ur b C hicago Grain Futures This Year Last Yea the Court for such an objective as | Ne 3 B d Vi Boer, OF Min ' i Expenses . $4,054,941,062.90 $4,858, 338. 072.27 this? Then may we not ask in w on SSucs Howe Sound .... 88 ns Copper . dent propose to use the taxing : <k | Kennecott Cop. power which calls for such haste AN Rep Jt Magma Copper tl Cit

authorities to govern the industry. | Indiana Tel Co 35 ‘80 ¢ | C ‘ “ 5 (ety l : 0 53 | Col Pal Peet .... 3 : : : sla) \ghter Pig Advance Alum $12.50; stockers, scarce; killers taking most | Kokomo Water Works 5s '38 | Simmons Bed ... 53 52 2! 527 | CATTLE | Athey Ir iss Wheel seas 140 t> 10c higher and vealers steady; weighty | Youngstown 8 T ds 8)... Noblesville H L & E 6s ‘47. Allis Chalmers.. 76 ! 7% (500-000) Choice ...........8 ao | Central Illinois Publ Service .. 787 9 | offerings. National Shawmut the American people. Seymour ater « Co 3s ‘67... | Anchor Cap .. . 20% 9034 COMMON «vv... e. 6.0060 115 | Commonacarh Edison «122 2 rado; early trading confined to mediam | Brazil 8s ’'41 H Water Works 8s * nh 2 44s iJ I Case { B.. « 65 Medium 22 #42] Cunningham Drug ............ 34? 24's | 812.95 or steady to unevenly higher: indi- | French 7's Baltimore American vicious form. In the NRA there | STOCKS | | Caterpillar ‘Tract 0 907 (1100-1300) Ghoite rr 15 na | Electric Houschold 9,, | few choice lightweight ewes, $6.50¢ 7, | German 8 Great nei car Insurance aini ini vages Yeere & yaaa 2 198 (1300-1500) Choice 27h 5! Jarvis W B gaining and minimum wages and | Cent Ind P Deere & Co 32's Arvis I 21 150 lower; 200-325 Ibs., $10.15; 225-250 Ibs.. | RomaCgros Hog Horona) Guigtte .......0 1810 : (300-750) Choice $10.00@ 11.00 | Lincoln Printing . 0 : : Hite § i a QUD= ‘ «Hurt ns 300-35 s., $9.60: ‘bs... 89.50: - North Rive in this bill. This is incredible, but | Ind Gen Sery © 1 : 2 | 300-450 Ibg, 39.60, 300 | 0.80; 140 OS ina Inter Harv. ..110% 750-000) Good and choice . B8.75¢111.00 | McCord Radiator ............. 30 | Ibe. $8.65: do. voughs, Mone wishes, unless he has changed his |g grail. $8.75 Stags, $7.25. Calves, $10.50, Lambs, y and Exchange , udpls Pwr & Lit Co pid 6% 8 180 . Be | Rem Rand .... 28% b | Northwest Band Corp 3? i: A PAYETTE. March 9.—Hogs—Market, Clearings $3,111,000 are taxed on their production and | Progress Laundry Co Low cutter and cutter........ 3.15 ; Swift International 3 . @ 10: 250-275 .bs.. $0.85619.90: 2753- 325 1hs., | Am Metals . , > Vit) J R on 0 Is there any great cause for Vealers itn. MAN TT | ees, own. Calves, WASHINGTON, March 9.—Government fiscal year through March 6, compared Nor Ore 1 (250-500) Good bir nice. 8 (By Atkins, Hamill & Gates) (By James E. Bennett & Co.) x | 2h “ 2.845, 1o8 i 02 ,427,089,571.23 , i | 2580-8 ! 10ie Df Pp | 11: Prev. | - seve . 1401,448,001. gh what other form does the Presi- By W. IL. Lyons & Co.) Int Nickel Jost ‘el 4s Meintyre Mine Common, medium ! ral Gas * that we cannot wait to amend the Arkansas Natural Gas “A

{ Atl € 343 '84 ‘is i. Eo 081, 0 | Parl kt Utah . y | (B20<1050) Good and choice 30% 50 | \ ve | SOT Pyne Ee w— Constitution. Conceivably haste is | So Br ry ot | Ehejos AY gn) | ; R EH, Heifers. COTMON. Medium. 3.306 6 Convolaten! copper is a, D8 93p |p oo 08% 1.00% ¢ LOCAL CASH MARKET | necessary. But we ought to know |! Delotex 4'ss svar enirs JOFS tu 8 8Smelters... | 9814 99 " 97% | “Good and choice ive ’ Boe J Ee Edd seve 30 30% July ...... 1.04 A 1.04% : City grain elevators are paying what will be done in that haste, jent Maine pu 3% 02} | YARGUIHA «one ; 37's] Common and medium .. 75a | Electric Bond and Share ..... 231s 25 = |S€Pt. «oon Site 98 $1.32 for No. 1 red wheat. Other (Cc opvrieht. 103% NEA Seivice, Ine.) .

in G & EB Caress: JOD [ Auburn 31 \ 2 3! - General Tire carve BF 20', | Mav . 48% mi cudaly Ph 4 Chrysler oo ) 11: | Lamha Receipts, 1200 | Sree Tap and Die 0 §on May ees ANS : wih, a ‘| new No. 3 yellow, $1.01. Oats, 43, sf Cineien ! 5s 3 ta or um ' : : F r uits and V ‘egetables 1 Bem aSpnads 3 Shiai TL 3 | GE Rhan htt ‘ 4 54 i Choice . | 80 B10 stumble Ou 3nd Heflin © 9 7 Sent. : : 40% Hay—No. 1 timothy, $13.50@14; o « Jie 48 '9d.... ‘ : * . : Ww 12 d 3 : 7 Quotations below, subject to change, ate | Great Nor 394s "67 via f 951, | Mage Truck % 6 2015 | Medium 506011 30 | Niagara, ed Power........ 1d : . 5 aL} 1 clover, $15@8$15.50; No. 1 alialla, BR > holesale eo ok (eagered to | | Houst on Lt & Pwr 3 s "86 3 1 | Nash ete PR a8 Nl Common .. «+ 0.006210.50 | Segal Lock on . i" 3 ABY teresa : ‘99 1. 1.06 i first cutting, [email protected]; second cutbuyers by local co 8 ¢ "8S. ndpls ater 3'ss ‘66 .. oo 99 007 ekard 3 IWS 4 ; . July oh 33 Va § Fruits Pears, Oregon D'Anjon, extra | Kansas P & L 4138 65..." 2 13 | Rackard bani 190-175) Good And choice . 4.753 &7 g | S2ndard Oil of Ohio, veined } Septs vues. df KX: B2%s 9 2" | ting, $17.50@ 18.50. fan 110s, $4.50: California Avocados, | Roppers Co 4s ‘51 ‘v > 3 | Studebaker ... : ; ii 2 Common, medium 3.75% 4 5 | Sunray Oil ...... aoa PALE [345-30 8, box, $3. Bananas, selected | Kyasge Foundation 3's '4% ‘ 3° Ta | Whi i : 5 (Sheep and lamb quotations on clipped ? a No. 1 Indiana Delicioy : White Mtr ‘hs o J 31% | p Tilo Roofing . 1b, 3c. Apples ’ ( nhdiaha Delicio \S. | Los Angeles Rev 8s 67 “eX 3, | Yellow Truck basis.) Twin Conch 215 inches up, 8: a 0 1 Staymans, 2 Louisville G & E 3'59 '66 ... 5, | vi TTR se ———— a —— : ba inches up, 25 1 Jonathans, 21, Mengel C V 41.8 '47 ete | Motor Acces— ” —— inches up, $2. 25 No Ui, Starks, 2% enes Metro Bd 4s '65 Crier i , Bendix up, $2; Winesaps, 214 inch ' Muutean= | Narra Elec 358 ‘66. ...........102 a (Bohn Alum ..... 4 45 i ons, Sunkist, 360s, $7.50. Limes. Mexican, IN ¥ City 3s 77 ¢ q | Borg Warner ... 3, 1 o : Bonds of the United States Government,

8, 40c. Grapefruit, Texas seed- y A s, $3.25. Oranges, Califorpia, | N.Y State Elec Gas 4s '65...... Bo at | Brisas 3 Bs io 2, | Its Territories and Insular Possessions

Sunkist, els, $3605.25 Pineapples, 30s, | Norway ds Federal and Joint Stock Land Bank Bonds

! g 1: 3 crate, $5. Strawberries, Florida, de. | gio RN he, 08 03! RN el es FI% r 3, 4s Vegetables — Beans, Florida Stiingless, . hamper. $3.75. Beets, homearown, bu. $1: | Okla Gas & B Ine 3%s

| new Texas, 3.doa crate. $1.65 Brogeoli ) RUS Sel died, 62, ooo, adhe 08, Rush Jobs Make Us Smile 67 ! |

California, case, $3; bunch, 15¢; Brus- | | Po ; p 2 “ o Gas Lite Cokes de 61. sel Sprouts, per drum. $3.50: qt. 20e. Cab | Sou Kraft 44s

Indiana Municipal and Corporate Securities _ New York, 50-1b bag, 85¢; new Texas. | Ne $1.35, Carrots, California, bulk, | Wise G & B 31;

3. * Canlifiower. 108-115-105, erate, | Wise Pub Serv b serv 4s '% OT vas ies Hendren | rinting ; Ro 07 Se AY Real Estate Bonds and Preferred Stocks Yy Mammoth, doz. 83c: Florida, | trate S38 “lumbers ot: Produce Markee | Company, Inc. | my isl Maske Gcraion ABOUT HOME

house, doz s1 40. Chives, doz. Egg 470 CENTURY BLDG. RI- 8533

81. Plant, Florida, doz., $1.50 Kale. Virginio.

doc. Mushrooms, so )me- higher, sen Hig case of eggs must weigh | | : 30c. Onions, liana vellow. | 35 pounds gross PY 3 \ NA i i i ' 81.60: Western Phish, large, Eres No ' 1 strictly fresh, loss off, 18¢ Hl FILES NEY , , 129 BAST MARKEY STRELY Eliminate uncertainty, risk Filing Supplies of losing your home, or straintat Rae Maine Gree a ampCT Leghorn breed hens, heavy, llc. Heavy g PP } 25; 1 B85: da, New Triumphs 80-1, bax, reed stags, 8c: eho reed Jags, Se; be | | : ] 2.3: Rutabagas, Canadian, § bag, 90c;: | heavy breed cocks, 8c. ucks, full-feath- Ww C RB ¥ Co y Hk $2.35 Rut waxed and tagged, $1.10. Sweet | ered and fat, 5 lbs, and up, 6c. Geese, | ° . rass E 4 : | Pian’! like Fost. Bach mont . aud - your loan is reduced. Taxes

. Jeebetg. & alifornia best, {The oleae, quoted are Rata oo Sapck NY 25; lea hothouse 0. 15 | gathere n e country, while for deliv X . / { FINANCING Res: Mangoes, No. 1s, | eries in Indianapolis the prices are 1 cent ! Indianapolis Bond and Share Corp. Northern White, $1.65. Parsley. | qosen. homegrown, 2. 3 Parsnips, home- Heavy breed hens, 8 Ibs. and over, 15¢. daho Russets, £3.90: Michi- | breed springers. 1's lbs. over, soft meated, Guides and Folders ? 8 Jour budget. Pay on the $2.75: _ Colorddo MecClures, | 13¢. Leghorn breed springers, 8c. Heavy ei “Budget Monthly Payment Potatoes, Tennessee, Nancy Halls, hamper, | full-feathered and fat, 5c. Turkeys, young | 81.75; Louisiana, Puerto Ricans, bu. $235. | toms, 14c: young hens, 10 Ibs. and over, | . and insurance premiums are

Radishes. buttons, hothouse, doz. 43¢i| 14e: old toms, 8c; old hens, Sc: No. 2 8o : : i at white, 40c. Rhubarb, hothouse, No, 1, 5-lb. | Butter—Creamery, No. 1, 38630: No. 9. 134 8. Mer. RI-9727 ; ; = Sr : f y ‘ 5¢. Sninacl . \ 139¢; 0. | EA ; 3 Na { I R A U gartoh, 4p0 age. do: 128: nach Texas. | 35 36c. Butterfat—No. 1, 3c; No. 2, dic. EE a S S S ECURITIE S covered. Then—yours—a bard, bu. $1.56 Turnips \ SL 25. Toma. | J :

toes, repacked, 10-1b basket, $1.2 - px. a CORPO RATION clear home within a definite

» United Press) period. Why not secure funds

CHICAGO, 1 ch 9. -—Apples Michigan qu SES 2 0s, Carrots d I 1 | . . . now to buy, build, refinance? gna Porte Ricans, $h0qaad, Earrols | 5 A PAl R OF NA RA S Announces the removal of its Indianapolis ’ Galle By, ee Spinach as: | ; 0. beac Mexican, “hampers. MEMBERS Good old Economy—good old Convenience , . . that's + offices to new quarters in the J SH 4 ioridaa. -ineh, 2 ir i Market (50-1b. sacks) —Iili- | New York Stock Exchange the combination as "natural" to Indianapolis trolleys and . ,

) Indiana and Michigan yellows, 25¢ . b th f h Ww ith h | as New York Curb Associate uses as the pairing of ham with eggs or beans wit ? a -—-—..—- er | Chicago Stock Exchange Boston. No element of chance i in this combination. Con- CIRCLE TOWER FEDERAL SAVINGS AND

Exira gee 4th vein mine run. Avail- §| Chicago Board of Trade ince yourself by using our service very day inthe | SUITE 725 LOAN ASSOCIATION + igh nn re Chicago Mercantile Exchange See | S31 Virginia onipue INDIANAPOLIS, INDIANA

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