Indianapolis Times, Indianapolis, Marion County, 16 March 1937 — Page 18

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Trends

New Building Will Be Residential,

Flynn Says. By JOHN T. FLYNN

* *

Abreast of The Times on Finance

* *

GE 18

TUESDAY, MARCH 16, 1937

trial Conference Board.

Cost of Living Gains The cost of living of wage-earners in the United States advanced 0.3 per cent from January to February, according to the monthly survey of the National Indus-

BOOST INAUTO

EW YORK, March 16.—Just around the corner'is the summer time. And presently we should begin to hear the sound of hammers and saws and somewhat more modern building machinery. The big question mark affecting the future course of business will be answered bv those hammers and saws. Will the long lagging building industry revive this summer and send us spiraling into the upper reaches of a new boom? T h e question is, of course, not an easy one to answer. But there are many signs which afford a clue. The suilding indus= try. of course, ses many divisions. There is dwelling unit, the multi-family house, the office or commercial building, the industrial plant. And then there is road and other pubic building. There probably will be a very marked forward movement in residential building in the small house the house from $10.000 down. Of this there seems to be little doubt.

construction — not marked Beyond this there are hardly any signs of real energy. Commercial buildings—chiefly office buildings— were immensely overdone in the Twenties and, in spite of some improvement, vast stretches of unleased office space still stare the landlord in the face. The same thing is true in the fielc of multi-family dwellings of the better class. These, too, were overdone. And in a less serious degree the same thing was true of hotels and apartment hotels Hotels have perked up in business due to a generally improved condition in the entire hotel business with which the repeal of prohibition is not wholly unconnected. On the whole, therefore, the demand for fresh supplies of space in these fields is not important yet. But a more serious factor holds back activity here, even if there were a demand for more space. This is the bad history of financing. HE losses on

n T apartment

office buildings, buildings, mcvie theaters, hotels were enormous. Investors were grievously stung. Valuations are still too high on these properties with consequent suffering from real estate taxes. Great numbers of these buildings are not yet out of the receivership stages. Therefore, while there should he a strong revival of residential buiiding, there probably wili be no very impor{ant return of activity in commercial building yet. One serious fact is that the Federal Government may slowly retire from the building activities which have formed the backbone of the industry for several years. The Government still has plenty of money to spend. But it is growing increasingly hesitant about new projects. The net result of all this is that we may look for a moderate increase in total building operations for the vear, with special energy revealed in residential lines, but no significant rise in other fields. (Conyrigh! ht 1937 7. NEA Service,

compri the individual

n THERE probably will be a material improvement in industrial enormous — but

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Un nlisted Stocks

‘By Bivth & Co.)

Conti nent al Tinos N First National Boston

Jers

Shawm it FIRE INSURANCE Attha Fire Insurance An can of Newark ... Amer

CY oo.

ican Dire Si nerican Insu

rance .

=F 5 DEI DBD rn INS BS a

CONIS rr HDS VID 00 ns

Westchest er Fire

Money a and I Eschun Schanye

INDIANAPOLIS STATEMENT

$ 3.901.000 | . 10,196,000

TREASURY STATEMENT (By United Pres) WASHINGTON, March 16.penses and receipts {or the current tiscal ar through March 13, compared with a year ago:

Expense

This Year Last Year $5.084,475.058.81 $4.945.365,243 3,01 2,545,958 5 1.705.308. 28% 2) 34.752.853,460 90 30 11,495.778.118.37 10 324.300.757.56

399, 752.706, i91 35 501,662.356.88 | 139 300.7 781.85!

Cc ustoms

Produce M arkels

(The prices quoted are paid for stock | gathered in the country eries in Indianapolis the prices are 1 cent | higher 83 pounds gross) Eggs—No. 1 strictly dozen Heavy breed hens, Leghorn breed hens breed springers, 11;

fresh, 5 Ibs. and over, 16¢ heavy, 12¢c. Heavy Ibs. over, soft meated, 13¢ Leghorn breed springers, 8c Heavy | breed stags, 8c; Leghorn breed stags, 6c; heavy breed cocks 8c. Ducks fuli-feath-ered and fat, 3 Ibs and up. 6c. Geese, full-feathered and fat, 5c. Turkeys, young toms, 14¢; young hens, 10 lbs. and over, lic: old toms, 8c. old hens, %¢; No. 2. 8c.

Butter—Creamery, No. 1, 38@3%:; No. 2. 85@36¢c. Butterfat—No. 1. 35¢; No. 2, Sle.

(By Unit March 16.881

ed Press) 16. — Eggs—Market, cases; {resh graded firsts, 2c dirties, 22¢; checks. 193 extras, 24%; storage

9.808 Na as 192 endarde

CHICAGO, firm; regents. firsts, 23!'2¢; extra 203, current receipts, storage packed packed firsts, 24! Butter—Market, firm; tubs; extra firsts (90-91; 35¢; specials, 35% @3634¢: ex 5 35% cc: firsts, 33@3tie:

IC. Poultry—Market, easy; trucks. Geese 14c¢: ducks, chickens. 19@21c: broilers, 147:% 1815¢c; leghorn hens, roosters. 125s13'z¢; turkeys, ers. 25@26!q¢. Chesse—Twins, 17@1% Hel 173¢; longhorns, 17.17 Potatoes—(Old Stock): demand slow: market Burbanks, $3.28 3.6C¢: U. 2 65: Washington Russet Colorado Red McClures, sin round whites, $2.25@2 mercias. $2; Michigan Russet Rurals, $2 25: North Dakota Cobblers. $2.75. |New Stock) Supnlies liberal: demand slow: market weak: no track sales of carlots reported: less than carlots \ Rliss Triumphs, $2.13 s, #3, on track, 361;

receipts, Score),

receipts, 14% 20¢; 25 26¢; 10@16'2 15@ Ne

Jaistes,

ens, old "fry.

Supplies liberal: duli: Idaho Russet S. No. a Burbanks $2.35; $2.80@3; Wiscon2.35: U. 8S. Com-

Rush Joos Make Us Smile

Hendren Printing

Company, Inc. 470 CENTURY BLDG. RI-8533

| Century

| Corp.

| Diversified Trustee Shares

| General Capital Corporation. . | General

| Incorporated Investors Market | Mutual Investment Fund 2 | N. Amer.

! Trustee Standard Oilshares * {

“Government

§ _ Mi3.v0.v 70.37 | inches

| bare, New York

pee |

ioriga yBushel { BE Dens. |

PRICES LIKELY

AS COSTS RISE

| —-

‘First Mid-Season Increase in Many Years Favored By Factories.

By VINCENT LYONS | Times Special Writer NEW YORK, March 16.—An ad-| ‘vance in automobile prices, the first | | midseason boost of a general nature since the 20s, will be instituted | shortly by manufacturers to com- | pensate them for higher production | costs, it was learned here today. | Whether the entire industry will | Nift quotations is problematical at {this time, but the accepted view in| | automotive quarters is that the ma- | jority of companies will fall in line, | Four factories are prompting the | contemplated raise in price of cars. They are: 1. The increase in prices of raw materials. 2. Advanced workers—both pated. 3. Cost of maintaining heavy inventories as insurance against interruptions of production via strikes in other fields. 4. The general increase in the cost | of doing business.

Definitely Warranted

Spokesmen for the automobile in- | dustry, however, are not. oblivious | of the fact that their business was built up on the principles of keep-! ing prices down and volume up. They are of the opinion that an;

pay to automobile | realized and antici-

| { i |

advance is definitely warranted at this time by the sudden sharp ex-| pansion in production costs and that the basic theory of the industry is not being discarded by the] imminent action. Those motor car makers which did not enjoy banner earnings during 1936 probably will be the first | to announce price increases. The! more fortunately situated units in the field feel that their biggest job at the moment is to get out cars. When the new quotations will be | released is conjectural. It is possible that the action will be taken | as soon as the various manufac- |

L turers come under the influence of |

| the rising costs. Under ordinary | circumstances. prices are announced at the time that new models are introduced and are adhered to for | the balance of the year.

Factories Report Dearth

| Price revisions usually are dic- | tated by either a glut of used cars or | 'a shortage of new cars. In the present situation both of these elements are at work, while there is the additional condition of higher production costs. Reports in trade circles this week suggest that all factories are short {on one or more models. { An indication of the rise in costs lof the automobile manufacturers is had in the recent boost of steel prices by $3 to $8 a ton. The industry, first ranking consumer of | | steel, uses approximately 25 per cent’ (of the entire output. Most of the [25 to 30 different kinds of steel used | have been subjected to the sharpest ! raises.

Investment Trusts

(By M. P. Crist & Co., Inc.)

Bid Asked | 20.32 21.83 | «++ 11.90 13.00 | Shares. ... 1 1.4%! ting Corp 7 30.84 25.95! 20.88

Administered Fund 2d, Ine Affiliated Pund, Inc American usi Bos% *Broad St Ves Bullock Fund, Ltd Shares AA on “AA or “Acc.” runmod.) Corp. Trust Shares orig.) Diversified Trustee Shares "B” Diversified Trustee Shares “CC” pn

Inc...

Trust

{ Corp Acc.” mod.)

Dividend Shares, Fundamental

Inc Investors,

Investors Trust

St. Investment Corp. Maryland Fund, Ine Massachusetts

dated 4 oI PI DISra rs DOD «ISD BaP B DDO N Lif dre «RABIES

0 Investors Trust 3 . 1

Nation-Wide Voting “. Tr. Shs. 1958 .. Tr. Shs. 1836 N. Amer. Tr. Shs. (orig.) Quarterly Income Shares Selected Amer. Shares, Ine Selected Amer. Shares orig.)

N. Amer,

| Selected Cumulative Shares. .

Selected Income Shares State St. Investment Corp Supervised Shares, Inc. Trustee Am. Bk. “RB” Trustee Standard Oilshares “A” *Ex-Diviiend E

Fruits and Veyelubles

‘Quotations below. subject to change. are

| average wholesale prices being offered to |

buvers by

local commission dealers.) ! RA

Pears, Oregon D’Anjou exira CVs 110s, $4.50: California Avocados. | ¢ Bhes 45-305, box, $3.50. Bananas, selected . Ib, 5c. Apples, No. 1 Indiana Delicious. 22 inches up $2.50; Nig 1 Staymans, 2': 5 1 Jonathans, 2, 8 8 25; ‘No % Starks, 2 ihehes | \ : Winesaps, 24 inches up, 1 me s, Sunkist, 360s £7.50 Limes, Mexican. ton, 12s. 30¢ Srapefruit, Texas seed-645-80s, $3.25. Oranges, California. navels, $4 3563 50. Pineapples, iy crate, $5. Strawberries. Florida. pt. 17! Vegetables Beans, Florida RtRInEless, { homegrown, bu., $1; 3-doz. crate, $1.75. Broccoli, case, $325; bunch, per drum, Ly) 50: qt . 50-1b bag, 80¢c; new Texas, ; oa California, . bulk. Cauliflower, 10s-11s- 12s, crate, 80. Celery, Mammoth, doz. 45-85-10s. s i - house, doz. X es, 4 |

r ee

| sel Sprouts,

leaf. hothouse, No. 15 basket. $1. 50. oa ers. Mangoes, No. crate. $4: doz, 40c. Mushrooms, home- ., 10. Onions, Indiana vellow, bag, $1.50: Western Spanish large, | Northern White, $1.65. Parsley. homegrown, doz. 35c. Parsnips. ho omem, Jo bu. 90C. Peas, Mexican hamper, | Maine Green Mountains. | 100-1b. bag. $3. 25: Idaho Russets, $3.90; Michigan Rurals, $2.65: Colorado MeClures, 3.65. Florida. New Triumphs. 50-1b. box. $2 50. Rutabagas, Canadian, 50- 3 Nu 90¢ | Canadian, waxed and ta Sag, Joe! | Potatoes, Tennessee, Nancy Halls jy er. $1.85; Louisiana, Puerto Ricans, bu.. $2.50. Radishes, buttons. hothouse, doz ' whie. S0c. Rhubarb, hothouse. No. os. 5-1b. carton. 60c. Sage, doz.. 45¢.. Spinach, Texas “ "Shallots. doz... 40c. Quash, rob 1.50. Turnips. bu. $1. omatoes, repac dy 10-1b. basket, $1. BEI,

(By United Press) AGO. March 16.—Appies, Maoh [email protected]. Sweet Louisiana Porto Ricans rots, Illinois, bu, 5%@ A bu., s. Tomatoes, 73.25. Caulifl $1 35% 1.45. \ Celery, Horida, ! \ Onions—Mark ib, sacks) Illinois, | Indiana and Michigan Yellows, 25c@ 8).

Michigan

| mon stock prices of industrials as a

| ments

| decreased less than the composite 86 | [priced at 69 per

| Curtiss

| Unitd Aireft New

| Allied

» Wal . Un

| Bald Loco Q | Gen Am Tok Car 7 | Gen Elec 39

| Comm Inv

| Am

| Corn Prod | Gen Baking

{| G W Sugar ‘an | Hecker Prod ....

| Congoleum . Mohawk Carpet . | Servel .s | Simmons Bed ...

' Alaska Jun

: ! Howe Sound

| Stew Warner

Industrial Stocks at 69 Per Cent of 1929 Highs

| AGRICOLTORAL

"SC ELLANEOUS MANTPACTIRINT (By MACHINERY (5)

Weekly Stock Price Indexes

Relation OF Current Prices To 1929 Highs

ANTHRACITE (4)

Chart By Standard Statisties Co., Inc.

Times Special v These groups included beverages, | NEW YORK, March 16. ~—Com- | containers, cotton, drugs and cos-

group, as measured by Standard metics, foods except meat, household

63 per cent over the 1933 highs. These are composite figures and | public must have to some degree |

cent from August, 1929,

1932.

above their 1929 figures, while con- | tainers, cotton, meats, petroleums | and tobaccos have all come nearer to regaining their 1929 standing than the industrials as a whole. For specific reasons inherent in the various industries, such as in- | tense competition and Government manipulation of prices, drugs and | cosmetics, foods except meat, house- { hold products and shoes have not | done so well marketwise as the com- | posite. Another group of industries, stocks of which suffered greater depreciation than the composite, have staged a faster comeback, with their

stocks today selling at a greater per- | centage of 1929 highs than indus- | trials as a group. These are in general the heavier industries which were hit worst at the depths of the depression,

New York Stock Exchange Prices

(By Thomson & Prev, High Amusements— Loews Ine Paramount . Radio Corp .

RKO . 20th Century Pox 39% Warner Bros ... Aviation— Aviation Corp Boeing Aireft Curtiss Whient , Wii Air Av

McKinnon) 11:00 Low

Prev. TTS 24% 11 a a

| Texas Corp .... | Tidewater Assn . 2 of Cal ..

| Rails— | Atchison | { 1 i |

‘i evn BE Atl Coast Lines ovejas B&O verve Sf No Can Pacific { Ch & Ohio { Chi & Gt

Nr Meorp United Air Lines

Go OB cu FEE ww ema

LILI MILI me BAS Crt BYP DBIS «TB

Trang Con & W 20 Building—

Am Ragiator

Park Chi N W pfd ...

Dela & Hud . {Pe Lac & W

| Erie pd 34 Gt Northern pfd 58 | mn Central 37

— BV lw) i 0D

OF fro rt Pe a3 LD vet

Johns Manville 144 Libby Owens Gis H Otis Elev U S Gypsum a Warren Bros .... 8! Chemicals— Air Reduction .. Chem 243 Va Com Alcohol 287s Col Carbon .....121 Com Solvents ... 193%

oo.

3434 a8, 18

Chicago Stocks

(By Atkins, Hamill & Galenl 1

Monsanto Chem Natl Dis (new). 34° Schenley Dis 0 3x Tex Gulf Sulph 33'> Union Carbide . 107% U 8S Indus Al .. 40 A Home Prod .. 484 Drugs Lambert . Parke Davis reen .. rug mew) . Equipments—

Ab Car & Fdy.. Am Loco ‘ Am Steel Fdy.

Prev, 21% Close 40 . 32: 15%

l {| Advance Alum { Allied Products | Abestos Manufacturing | Athey Truss Wheel ... | Bastian Blessing RBerghoff | Bergh Brother { Central Ili Public Service | Ehicage corp Chicago Yellow Cab Cities Service .. 1, | Cord Corp $31, 5 ? | Crane Co “en 14% x 3 * | Cunningham Drug ......se. Y | Dayton Rubber . Electric Household | Field Marshal | General Household

Puliman Ine .... West Air Br Westingh Elec . Financial— Adams Exp « 22 Allegheny Corp . 93% Am Int Corp ... 1687s Comm Credit . 602 Chesa Corp Trust 8915

Lehman Corp . 1343 Transamerica ... 1612

Foods—

Sugar Armour w 13 Armour 6°» pfd. . § Borden Prod « 24 Can Dry G Ale.. 35'2 Cont Bak ‘A’ ... 3312 68% Am Sugar 11

' New York Curb

Hamill & Gates)

.s 32% Industries . ol Cuban SL 42% 35'2

Gen Foods (By Atkins, Holly Sugar Natl Bisun ‘ain Natl D Prod . Purity Bak 21 S Porto Rico Sug 33.4 Std Brands .... Swift & Co .. Swift Intl .. United Fruit .... Household—

Col Pal Peet

Aluminum Co of America American Cynamid Am Gas and Electric American General Arkansas Natural Gas. A uve Barium Steel .. Carrier Corp Columbia Oil » | Consolidated Copper » | Cooper Bessmer | Eagle Picher Lead | Electric Bond and Share Ford Motors Canada * General Tire Srienticld Tap and Die ulf Oil, Penn .r | Humble Oil and Refining Co.. 83 Huyler preferred . Hyvgrade Food National Rubber Niagara Hudson Power | Root Petroleum Rustless Iron and Steel Segal Lock Spencer Stores Stutz Motors Sunray

Inc

Mining

— DE eB RS Pre

Anaconda ‘anh Cal Hecia . | Cerro De Pasco A | Dome Mines .... 47% Gt Nor Ore .... 263% { Homestake Min oh

~ “ San POP DMF DID,

Kennecott Cop . Magma tne . Meintyre Mine . Park Uta “.h Phelps es ‘er St Jo» Lead .. 6 U S Sneiters .. Vanadium Miscellaneous

Allis Chalmers Can

Woodley Petroleum .

Local Securities

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

BONDS

—

Burroughs Add ase Conti Tan Crown Cork | Deere & C | Eastman Foster Wheeier

Ask

BS et st IY AY ot FD I

Bid ,

7 Zo a. *® . = i” >» > —_—

Indiana Tel Co 5s '€0 Indpls Railway Inc 5s '67.. Indpls Water Co 3'.s '66 Interstate Tel & Tel 5'os Kokom» Water Works 5s Morris 5 & 10 Stores 35s Si Muncie Water Works 5s °' Noblesville H L & P_6las ’

~~. - Gr - an

| Tn Bus Mach .. Inter Harv Nad Cash Reg. . Rand . | Bop. Rand E Motors— Chrysler “'h { Gen Motors | Graham Mot

| Mack’ “ruck Packard ‘

Studebaker a White Mtrs .... | Yellow Truck Motor Access— Bendix Borg Warner

> SamaBLnn ges ROR

ia O13 GID wT oe pt ie — w -

”

IRR i

SUV gd Jy TF ow “

Drs >

Coline FORINT BES

AYO 15D ew 3 PTO a

| Seymour Water Co 5s ‘67 .. T H Trac & L 8s Cees iT H Water Works 5s 56 .. 'T H Water Works 6s '49... Trac Term Co 88 '57..... STOCKS

Belt Railroad & St Yds com... 80 Beit Railroad & St Yds pid-. “ Cent Ind Pwr pfd 7s Home Tel & Tel Ft Wayne. Hook Drug Inc . xInd & Mich Elec Co pid Ts. .108 xInd Gen Serv Co Bs.......... 103% Ind Gas Co Com _... 24 Ind Hydro Elec Co 7s.. xIndpls Pwr & Lit Co p. xIndpls Pwr & Lit Co xIndpls Water Co pid N Ind Pub Serv pfd S5'es .. X Ind Pub Serv Co pid. 6s N Ind Pub Serv pid 7s... Progress Lanndry Co. ... Pub Serv Co of Ind 8s. .

rr 2 EE CHCIre we BINES OHS i XY OD rt 15D CD Car NT

Motor nee

H . Mid Cont Pet ... Ohio Oil Phillips Pet

and.

4 | fain

2a | $9.35 9.85.

11:00 A. M. 831% 391, 145

Prev, Low 61% 38% 145

Hen

| Sou Pac Sou R R

Union Pac

Wabash West Mary land

Retail Stores—

Allied Stores . Assd Drv Goods Gimbel Bros .... 28 Jewel Tea | Kresge S ‘ar | Kroger Groce | Macy R H...

| McCrory St N Marshal Field Dept { Mont ar ‘ess { Penney J t ‘ey | Safeway St

“wg | Sears Roebuck .. ¢ | Woolworth 53%

Rubbers—

Firestone Goodrich Goodyear U S Rubbe {VU S Rubber pfd 108 ° Steels— Rol Mills vy 4214

Am h 99%,

427, 013 teel 76%: Inland Steel .. 4 | Keystone Steel .. Ludlum Steel 39! Mid Steel Natl Sree] Otis Ste 2 Rep Tron 3 Steel wn i Sharon Steel . 2 on 1

39's 5!

5" U 8 Pipe & Pdy 663s U S Steel 121 S Steel 47 War Pipe & { Youngsten S & | Textiles— | Amer Woolen ... Celanese Corp .. | Collins Aikman . ! Indus Rayon Kayser Julius .. Real Silk . Tobaccos—

Am Tobacco ‘A’ Am Tobacco '‘B

Lorillard . Reynolds Tob ‘B’ 5214

Utilities—

Am & For Pwr.. Am Power & Lit A &T

Am Wat WKks Col Gas & Elec Comm & Sou... Consol Gas Elec Pwr & Lit. Interboro R T

T 9614

1234 1274 1743, 24 16% 3 4]! 2312 . 107:

— + » ®

bt 3 wt pt — et 83 a pt pe

GF lm gu -~ ADBII-TWD IT WD LID UW De JBI LI

APD roads

Peoples Gas ves BY Pub Serv N J .. So Cal Edison .. 27 Std Gas 1 Stone & Yenster 2, | United Corp .... Sa [Sn Gas mp 190 * 34 ki

3 mt BB CIV I BS tt et pt 3 >

BS 53 fn CY LORS et et et 1.3

a 6»

Ut Pwr “A |B Sion

—-P | wd DED «TU wT BIO = LI TD LI re LI TY oe BO I

-3 or

Other Livestock

(By United Press) AGO, March 16.— Hogs—Receipts, including 6000 directs: market steady to 10¢ lower than Monday's average, packing sows, steady to weak: top, $10.25; bulk good and choice, 190-220 Ibs. [email protected]; 160- 35 Ibs.. $0.65710; few choice pigs, $8.75@9; most packing sows,

Cattle—Receipts, 8000: calves 2000; fed steers and yearlings, fully steady. instances higher on outside accounts; $15 paid for 1211-1b. averages: next highest

CHIC 19, B00. mostly

receipts,

2.50, however, but several loads at £13.25 @ 14.50; fed vearling heifers steady: common and medium grade weighty heifers and cows, weak: bulls, steady: vealers, unevenly steady to 25¢ higher; mostly £94: 10 market with $10.50 paid for selects: meaty feeds, [email protected] for 800-1100-1b. averages. Sheep- -Receipts, 6000: no directs; fat lamb supply around 60 per cent from Colorado; very little early trading: few lots ood natives, $12.25 12.50; holding best ed lambs, $13.25 and above; fat sheep strong to 25¢ higher; small lots lightweight fed Western ewes, $7.75; natives, scarce, few choice weighty kinds, [email protected].

LARA YI ond. Ma Lek Js Hogs—

%. 80@9. 9; 325 bs.

10: 150-17 1 [email protected]; 100-120 $9 down.

$11 down: lambs,

FT. WAYNE, Ind, March 16 —Hogs— Market 15¢ lower: 200-225 Ibs, $10. 30; fas- . $10: 180. 200 1bs., $10: 250-2 . $9.90: 275-300 Ibs., § 150-160 1bs., $9 35: A “130-140 Ibs.. $8.75; 120-130 100-120 lbs, $8.25. Roughs, $7.50. Calves, $11. Lambs, $12.

somo. 75. Ibs, $7.50@ 8.

$13 down,

Roughs, Calves,

$8.75; stags.

(Times Special)

LOUISVILLE, March 168 --Cattle—Estimated receipts, 200: killing classes scarce. market steady: stockers steady to strong: few lots of lightweight yearlings on baby beef order, $8748.50; nothing better offered: lain two-way steers down to 36.50; best at cows, $7: urer grades, $44 5.25: bulk stockers, [email protected]. Calves—Estimated receipts, 250; available supply vealers small on first rounds; opening sales fuily steady: few selects, $i; bulk good and choice,

culls below Hogs— Estimated receipts, including 320 directs; hog market lower than Monday: top, $10.15; sirable, 170-280 Ibs. $3.90@ 10.15; Ibs, [email protected]; fat, 120-130 Ibs, 9.25; sows, mostly $8.50/@ 8.75. mated receipts, unloaded early to test prices: medium and good grade, Monday, 11.50; choice quotable higher. Monday—Cattle, 881; calves, 521; sheep, 21. calves, 221;

$8.76 $10.50 246;

hogs, sheep, none.

Sheep—Esti50; not enough fat lambs small lots

Shipments Monday - Cattle, 177;

for GRUEN WATCHES —

ii JAVELS

4 WEST MARKET ST

Plymouth Oil e Oil ‘ana Quaker State ... Seaboard Oil

Its Territories and

Aluminum POSTURE CHAIRS

Employee Comfort is good business!

W. C. BRASS

and Associates 13¢ S. Mer. RI 9727

rl [1] \ US

IS WNL NE

Bonds of the United States Government,

Federal and Joint Stock Land Bank Bonds Indiana Municipal and Corporate Securities Real Estate Bonds and Preferred Stocks General Market Securities

Indianapolis Bond and Share Corp.

129 EAST MARKET STREET

Insular Possessions

| Underweights Score Biggest

| $6.75.

HOG PRICES OFF

107025 GENTS INLOCAL TRADE

Drop; Vealers, Lambs Show Advance.

Although receipts were not as heavy as a week ago and the fresh meat market shows some signs of picking up, prices in the hog market today at the Indianapolis Union Stockyards were 10 cents lower on heavyweights and 25 cents lower on underweights. Receipts were 7000 with 318 holdovers. Packing sows were steady to weak with the bulk ranging from $9 to $9.50, top $9.60. Weights of 160 to 180 pounds sold for $10.15; 180 to 200-pounders brought $10.20; 200 to 210 pounds, $10.25; 210 to. 225 pounds, $10.20; 225 to 235 pounds, $10.15 and weights of 235 to 250 pounds were $10.10. Weights of 250 to 260 pounds brought $10.50; 260 to 275-pounders were $10; 275 to 285 pounds, $9.95; 285 to 300 pounds, $9.90; 300 to 325 pounds, $9.85; 325 to 350 pounds, $0.80 and weights of 350 to 400 pounds were $9.75. In the lighter divisions, 155 to 160-pounders were $9.75; 150 to 155 pounds brought $9.50; 140 to 150 pounds, $9.25; 130 to 140 pounds, $9; 120 to 130 pounds, $8.75; 110 to 120 pounds, $8.50 and the 100 to 110pound class was $8.25. Cattle Trade Steady

Good and choice steers and yearlings were fairly active and fully steady. Common to medium Kinds were slow, but about steady. Heifers and cows were fully steady. Bulls

| were steady.

The bulk of steer sales ranged from $8.50 to $11.75, top $13. Most heifers ranged from $8 to $9. Common to medium beef cows were $5 to $6, the cutter grades $3.75 to $4.75.

| 800 calves.

Vealers were 50 cents higher and

i the good to choice grades sold for

3114 |

ie,

$11 to $11.50. Sheep and lambs were 50 cents higher. Choice fed Western lambs brought $13.25. One load of 90-

13s | pound clipped offerings sold for $11.

| Top price for slaughter ewes was the bulk of good and choice kinds at $6.75. Receipts were 1500.

| March

tt tt ft ft

| Bulls, rice, $14.85. most steers selling at $9 25@ |

£[email protected]° others down to $7 with little i 10 cents | bulk de-140-160

[email protected] S56 10.40 9.95@ 10.35 9.85@ 10.20 ght Lights— 1140- 160) Good and $ @10 15 Medium . 9.85 Lightweights— 1160-180) Good and edium (180-200) Good and Medium Medium Weights— 1200-220) Good 1220-250) Good Heavvweights— 1250-290) Good 1290-350) Good Packing Sows— (275-350) Good (350-425) Good 1425-550) Good 1275-550) Medium Slaughter Pigs—-1100-140) Good and choice. : Medium .

CATTLE — Receipts, 2500—

Choice Good .. Medium Common Choice Good Medium Common § Choire veo 12.50%13.73 | Good 10.257 |

Medium | (1300-1500)

DALI DD

choice. .

choice. . choice. .

and and 10.05 10. 2 9.85 10.10 9.75@ 9.90

9.40@ 9.60 9.25@ 9.50 9.006 9.25 8.25@ 9.50

choice. . choice. .

and and

(550-900)

(900-1100)

(1100-1300)

Bs J =103

SPANO

| Heifers | Choice 0 Good .... . Common, medium Good and choice . Common, medium

(500-750)

0 6.00@ 8.7

(750-800)

6.000 7 500 6 3.75@ 5.00 6.75 T.2° 5.25@ 6.75

Good .... Common and medium ‘e Low cutter ang cutter good ..

Cutter, com,

Receipts,

Good and choice Medium Cull and medium. ....

$10.50 11.50 9.00% 10.50 5.50@ 9.00

(250-500) Good and choice $ 6.50@ 9.00 Common, medium 500 6.50 Feeder and Stocker Cattle (500-800) Sood and choice § 6.50@ 8.50 Common, medium. 5.50@ 6.50 (850-1050) Good and choice . 6.50@ 8.50 Common, medium. 5.50@ 6.50

6.00% 7.60 4.75@ 6.00

Heifers— Good and choice .. Common and medium SHEEP AND LAMBS —Receipts, 1500-— Lambs— Choice Good Medium

Ewes 190-175) Good and choice . 6.00@ 7.00 Common, medium 4.75@ 6.00 5 (Sheep and lamb quotations on clipped asis.)

GROSS REVENUE CLIMBS Timer Special CHICAGO, March 16. — Gross revenue for January was LrepoPiey as $6,136,681, a $319,000, or 5.5 per cent, improvement over the same time last year, by the Chicago, Rock

| (Reprinted From Late Times Yesterday)

Weights sausage bulls were | Receipts were 2500 cattle and |

| Sou

Island & Pacific Railway.

N.Y. Bonds

DAILY BOND INDEX (1026 Average Equals 100) 20 Inds,

60 Bonds 8 sx | 98.7 | 99.6 99.9 96.2

20 Util. 103.7 103.7 104.5 104.9 104.9

20 Rails 98.2x 98.7 100.0 100.2 92.1

03.8 24.5

Saturday Week Ago Month Ago ... 94.7 Year Ago ov O08 1937 High .... 95.0 101.2 106.0 100.7 1937 Low . 93.8 08.9 103.7 98.0

xNew low, (Copyright, 1837, by Standard Statistics) (By F. 8. Moseley & Co.)

S. GOVERNMENT BONDS Treasurys

s | average family,

FOOD PRICES AT SIX-YEAR HIGHS WITH NEW GAINS

Sharp Upturn in Wage Rates Maintains Level Above Cost of Living.

Times Special MINNEAPOLIS, March 16.—With a jump of 2 per cent from December 1936 to January 1937, food prices made new highs since March 1931, the Northwestern National Life Insurance Co. said today in a study of family buying power. A month's supply of food for the which could he

| bought, for $30 at 1933 price levels,

Home Owners Loan Corp. 1342 44

Fetiora) Farm Mortgage Corp.

1949 104

103.29 102.29

DOMESTIC

Today's Bond Leaders— St N Series G 4s '46.. IL TX T 4'28 '39 ent Convert bl ) Pure Oil 4148 '30 ible a "' Rep Steel alas '50

Prev. close 135 827, 1201, 124 205

Prev.

Alleg Corp 5s '44. Alleg Corp 5s ' Alleg Corp 5s '50.. Am Fren Pow 5s 2030 Am Tel & Tel 5!2s '43 Arm & Co (Del) 4s '55 Atl’ Coast Line 4s '52 Atl Coast Line 4l%s '64 534 Atch Top & S Fe 4!25 '48..... Am Wat Wks 6s '75 109 Balt & Ohio 5s 2000 Balt & Ohio 6s '95 Balt & Ohio 412s '60 Buff Roch & Pitt 4's ' Beth Steel 44s '6 Chi Milw & St P 5s °’ Chi Mil & St P 5s Cleve Un Term 5s ' Cleve Un Term 4las Col Gas 5s '52 Col Gas 5s '

Colorado & So 415s ’ Chi & West Ind 4s °' Chi & Nor West 4° 1s ’ Container 6

5 Chesa Corp 5s Del & Huds 4s '43....... Erie 55 '75 Erie 8s 67 ...... 851, Grt Northern "G' 4s "46 ...... 13114 Grt Northern “"H'" 4s '46 Grt Northern 4!,s ° Gen Stl Cast WW 55s "os Hud & Manhat Ref 55 51 ‘ees Ill Cent 4345 '66 Ill Cent Jt 4'>5 '63 Ill Cent 5s '63 Interboro Rapid Trans 55 68 © Interntl] Hy Elec 6s '44 Interntl Tel & Tel 4!25 ' Interntl Tel & Tel 58 '55 Interntl Tel & Tel 4'as 52 Lehigh Valley 4s 2003 .. McKess & Rob 5'2s5 '50 Mo Kan Tex Adj 5s "67 Natl Dairy 378s ‘51 Natl Steel 4s '65 Nickel Plate 4,5 °’ Nickel Plate 51.s Y cen 5s 2013

‘BR 9334 i 84

90 . 93% 81!

”

Nor Pac 6s 2047 .. New Orleans Term 4s ' Penn Ry 4s '63 Penn Ry 4's ' Penn Ry 4':s 8 Fenn Ry 3%s ' . Portland Gen El RIE ‘60 Para Publix 6s “e Penn P & L 41; 8 Sa Postal Tel & Cab 5s '53 Rem Rand WW 445 '56 Shell Union on Jas 8 Socony Vac 3! '50 Pac 4!is ' ‘68 Sou Pac 4': 8.0 Sou Sou Sou Sou Texas Pac 5s’ . Texas Pac 5s '77 Third Ave Adi 55° Union Pac 4s '47 United Drug 5s '5!

'4 [NY NH & Hart 4's ' Warner Bros 6s '39 Western Mary 51,8 °* Western Unjon 5s 'A0 Youngstown 8 & T 4s '61 oh Youngstown 8 & T 3's '51 .. FOREIGN Argentina A 6s '57 Australia 4'>s '56 .. Brazil 8s '41 | Canadian Govt as '60

Janan 6'2s Poland 7s °' Rome R158 '52 .. shee. Tokio City 5'zs 61° Yokohama 6s '61

LOCAL CASH MAREET City grain elevators are paying $1.32 for No. 1 red wheat. Other grades on thelr merits. Cash corn, new No. 3 yellow, $1.02. Oats, 44c. Hay—No. 1 timothy, $13.50@14; No 1 clover, $15@$15.50; No. 1 alfalfa, first cutting, [email protected]; second cutting, $17.50@ 18.50.

LOW ROUND-TRIP FARE

Sunday, March 21

$2 y 50 CINCINNATI

Hamilton

52.30 Oxford $1.65 Connersville 2.00 Liberty 1.20 Rushville

Lv. mi. OC T. Iv, 10:50 p. Lincoin 6404-6405

BALTIMORE & OHIO

4:35 a. Rewising, Cincinnati m. E. . Phones:

cost $38.22 for the same items in January of this year, the study ine dicated. A sharp upturn in wage rates in the closing months of 1936 and January, 1937, reversed the down trend observed in the third quarter of last year, and average income of employed workers showed a slightly greater gain during the past year than did living costs, the com= pany said.

Wages Up 5.8 Per Cent

From January, 1936, to January, 1937, average wage levels rose 5.8 per cent, while living costs were climbing 3.6 per cent in the same period, the study showed. Offsetting the better pay checks of employed workers was the decline of over 700,000 in employment from December to January among the approximately 14,500,000 workers covered in the study. The greater part of this shrinkage is seasonal, the study pointed out, and accounted for by the drop in retail employment following the rece ord holiday trade: another substantial portion of the decline is the effect of widespread strikes,

Rents Continue Climb

Meat, cereals and bakery products, fats and oils, and fresh fruits and vegetables, led the rise in food prices, according to the study. House and apartment rental rates continued their steady climb, the report showed. Equivalent accommo=dations to those rented for $24 a month in 1933 cost $30.91 in January 1937. Clothing prices, however, the report declared are at the approxie mate general level of two years ago, and are only 10 per cent above 1933.

New Bond Issues

(By W. L. Lyons & Co.)

‘39 vis Calif oro Pwr 4s 66... Delotex 128 Cent Maine Pwr 4s '60 Cent Maine Pwr 3!;s '66 Cinti G & E 3'4s ' Cudahy Pkg 3%s '53 Cudahy Pkg 4s '50 Detroit City Gas 4s '3 Dom Canada 3s '67 Flo Auto Lite 4s’ Great Nor 3%s '67 . Houston Lit & Pwr 3a 28 ' Indpls Water 3'.s , Kansas P L 4 Koppers Co 4s "51 Cees Kresge poundati 05 as YT .. Jos 4 An eles Re

28 *

Narra Elec 3105 66 . N y City 3s '17 N Y State Elec Gas 4s Norway 4s '63 e Ohio Faison 8%%, 2 “res Okla G & E 4s’ Okla Gas & E > 33,8’ Otis Steels 4!>5 '62 Pac Lighting 4158 ' Sou KIakt 41,5 "48 Wisc G & E 3'2s Wise Pub a 4s '

Chicago Grain Futures Bennett & Co.) A.

lo12

(By James E High

Prev,

Low M. Closes

1.08% 1.08% 1.0214b 1.02% A574h 04%

SINGLE PASSENGER .

LAST YEAR

Avoid Highway Hazards

u SAFE wo SAVE

ON THE INTERURBAN

® Don’t take any chafices when you travel. Go by inter. urban and avoid highway has. ards. You'll save, too, at the

round

trip fare of 1; cents a

mile. Be safe and save.

woh saiLaonn svsten CLAIMED

7 CHEAPER

INTERURBAN