Indianapolis Times, Indianapolis, Marion County, 23 March 1937 — Page 18

Trends

President Opposed To Tax Boost, Flynn Says.

By JOHN T. FLYNN

EW YORK, March 23.--One of the whims of liberals in ‘the last four years has been to let conservatives do too much of their thinking for them. They have shown a disposition to assume that everything a conservative says necessarily wrong. Therefore, when have talked about

conservatives balancing the budget, liberals have assumed that balancing the budget was essentially a bad thing and something to be avoided at all costs. Conservatives have favored balancing the budget for reasons of their own and not always good reasons—certainly not social reasons. But nevertheless an unbalanced budget is a bad thing for a capitalist government or a Fascist government or any Kind of government. and always leads to trouble in the end.

Mr. Flyan

n n n R. MARRINER ECCLES, who is the most intelligent man entrusted with the fiscal aflairs of the Government, now sounds a note of warning about the unbalanced budget. This was a courageous act, for finance ministers are notoriously frail when it comes to taking unpopular positions. The simple truth is that the economic situation now begins to get out of hand. The rise in commodity prices is a phenomenon of unquestioned danger. For two years I have been pointing to the rising tide of commodity prices and warning that the movement would inevitably go too far unless checked. No government should ever put itself on the side of rising prices, even though slight rises in prices may be a good thing. The Government should hold itself in reserve always to fight rising prices. But the Administration has made rising prices one of the cornerstones of its recovery policy. The raising of prices is now popular. The demand for higher wages offers an excuse for still higher prices. Commodity groups are being formed all over the country to put prices up more. And it is this rise in commodity prices which will ultimately deliver to the recovery its death

thrust. Nw certain members of the Administration begin to show signs of disturbance at the rising prices. For these two phenomena —rising prices and the unbalanced budget—are connected. Mr. Eccles says that the rising prices are not due to the Govern_ment’s monetary policy. This is the one thing in his statement from which I would dissent. [It is true that demand created by war preparations is having an effect Qn prices, but a more powerful effect is produced by the great supplies of funds pumped into the market through the Government's barrowing policy. The liberals would have been more intelligent if they had not been scared away from budget balancing by the clamor of the conservatives for that policy. They might have preserved their liberal self-respect by disagreeing with the conservatives on the manner of balancing the budget. The cries of the rightists against fhe unbalanced budget were all for the purpose of reducing Govfrnment spending. This would = been fatal. The liberals ghould have held to their spending olicy, a little less extravagantly, So” balanced the budget by taxftion. & This course ought not to be postponed for another month. Howgver, Mr. Eccles’ demand for aise in taxes to balance the budgot will unfortunately fall upon sterile ground. The President is bpoosed to this. His Congressional dllies follow his lead. (Copvri t. 1937. NEA

=" n ”

Service, Inco

Fruits and V egetables

: (Qu otations below, subject to change, are OT wholesale prices being offered to | Ss by 8 Fruit s-—Pears, California Avocados, 30s, box, $3.50. Bananas, Apples, No. 1 Staymans, J

20sselected, 1b. 21% inches up, Jongthans, 2% inches up, 2'2 inches up. $2. 8 50. Limes, Mexi- | n, car 25¢. Grapetruit, edless, 64s-80s. "$3.25. Oranges, Fk: navels, [email protected] grate, 85. Strawberries. Florida, pt., 22¢ Vegetables Beans, Florida stringless damper, $4. Beets, homegrown. bu., $1. ew Lexas, 3-doz. crate, $175. Broccoli, alifornia, case $3; bunch, 15¢ Brus1 Sprouts, per drum, $3.25; qt., 20c. CabNew York, 50-Ib. bag, 80c; new 4 crate, $1.50. Carrots, California, k, b $1.50. Cauliflower, 10s-11s-85. Celery, Mammoth, doz., 4s-6s-105, crate, $3.75. hothouse, doz., $1.25, Chives, ay 1.15. Egg Plant, Florida. doz. $2. Virginia, bu.. 5c. Lettuce, Iceberg. ! $7: leaf. hot75." Peppers. 1s, doz

, : : . 40c, Mush- | :, homegrown, 1b. 30c. Onions, Indivellow, 50-1b bag, $1.50; Western Span- , large, $1.90. Parsley. homegrown, doz +. Parsnips. homegrown, 1 bu.. Mexican, hamper, $5.25. Maine Green Mountains. 100-1b, bag, daho Russets, $390: Michigan 2.65, Colorado McClures, $3.65: ew Triumphs, 50-1b box, $2.40. Rutabagas. anadian, waxed and tagged. $1.10. Sweet otatoes, Tennessee, Nancy Halls, hamper, Radishes, buttons, hothouse, doz, white, 40c. Rhubarb, hothouse, No. carton, 60c. Sage, doz. 4 bu., $1. Shallots. doz., 40c. bu $1.50. Turnips. bu., repacked. 10-1b. basket,

(Bv United Press) CHICAGO. March 23.—Apples—Michigan cIntosh, [email protected], Sweet ouisiana Puerto Ricans, [email protected]. ots—I llinois bu., 75@90c, Spinach 54230 Tomatoes—Florida lugs. flower—California crates, 7 s—Meaxican hampers, s OF ery—Florida 10-inch crates, $3 Onions — Market (50-1b, sac SB . Indiana and Michigan yellows, 40¢ Indiana and Michigan whites,

California, ineapples,

Potatoes. $3.25;

-Texas

Freda M arkets

(The prices quoted are paid for stock athered in the country, while ries in Indianapolis the prices are 1 cent jigher. Each ful case of eggs must weigh B5 pounds gro ae

1 Sstitctly fresh, loss off,

Cficavy preed hens, 5 Ibs ghorn breed hens, heavy, threed springers. 1'2 Ibs. over, soft meated. §13c. Leghorn breed springers, 8c. Heavy $hreed stags, 8c; Leghorn breed stags. 6c: heavy breed cocks, 8c Ducks, full-feath-ered and fat: 5 Ibs. and up. 6c. Geese, full feathered and fat.'5c.© Turkeys, young $oms 14c. voung hens, 10 lbs Mac: old toms, 8c; old hens, 9c: No ¥ Butter—C eamery No. 1 38@ 39¢: 5 360 Butterfat No 1 35¢:

BEMIS : FITTER

12¢. Heavy

TYPEWRITTEN LETTER AUTOMATICALLY (YPED ADDRESSING & MAILING

STENCILS GUY MIMEOGRAFHING RU. ED FORMS

I TO iv X20

Cu- |

Abreast of The Times on Finance

PAGE 1

* *

TUESDAY, MARCH 23, 1937

”n /

892 or

Rail Employees Gain The Interstate Commerce Commission ported that the average number of employees of Class 1 railroads during 1936 was 1,065,97 23 per cent over 1935.

today re-

0, an increase of 71,

| least 40 lines | April, Martin F. Carpenter,,

EXPANSION DUE IN APRIL FOR 40 INDUSTRY LINES

Survey Shows Seasonal Gain May Be Expected on Wide Front.

Normal seasonal expansion of employment may be expected in at of industry during Indiana

| State Employment Service Director,

| said today,

Mr. Carpenter explained that the only month to show more favorable

| seasonal variations in employment | than April, when compared with a

| preceding month,

is March, Whereas 40 lines gain and 16 lines decrease employment during April,

| 42 industries normally expand em-

| able expansion. | field continues to enlarge until the ‘peak is reached in August,”

brings

ployment 2 per cent or more in March, and only six lines contract employment, he said. The anticipated variations based on a survey of industrial trends made by the statistical department of the Indiana State Employment Service, The study was completed last fall and covered business of the previous five years, according to the director.

Some Reach Peak

The greatest normal gain over

March is in employment on street, [road and sewer | Carpenter

construction, Mr. said. “The curve rises almost perpendicularly during April, | (the increase in employment over the | | previous month being 75.7 per cent, even though March showed a sizeEmployment in this

he declared. “The manufacture of fertilizers reaches its top during April. Employment on blast furnaces attains its crest during March and April. | | Other lines to reach or approach | | their employment peaks during April are: Nonferrous metals, cleaning and dyeing, hotels, machine shop products, women's clothing, soap and pulp paper. “The advent of spring, of course, increased employment op-

portunities to painters and decora-

laborers, and

building trades craftsmen and employees in ice, beverage ice cream manufacturing

tors,

plants, and workers in garages and tire and tube factories.”

greatest employment , April as compared to March,

Gains 75 Per Cent

normally the

Lines showing

increases

cording to the statement, are:

tion, canning, 423; | ment land decorating, 28.1; rial, general ing and concrete products, ucts, 13.1; ter and cheese,

contraction { April cent, mining the are: fectionery, and shoes wire, bacco, ing, | furnaces, leather,

May Jul

Sept

| July

local commission dealers.) |

Texas | Affiliated Fund 30s, |

| Diversified Tr

Man- | |

90¢c. | N.

Rurals, | Selected Amer. Shares « Florida, | Selected Cumulative Shares .

$1.40@ |

Potatoes — | around 10c lower: Car- | IDRLY:

$2 |.° 10. 3 1

for deliv- |

$9. 19¢ | with light

and over, 16c. | rects:

and over |

MU.T GRAPHING |

TWO NOTAR x:

Street, road and sewer 75.7 per cent;

construcfertilizers, 44.0; brick, stone.and ceconstruction, 31.0; painting paving mateice manufacture, 20.6; contracting, 17.1; quarry-| nonmetallic mining, 13.6; 13.2; clay prodice cream, 12.2, and but10.6. Sixteen industries normally show in employment during of between 10.7 and 2 per | he said. Bituminous coal! may be expected to show greatest decrease. The others Agricultural implements, conmen's clothing, boots (cut stock and findings), druggists’ preparations, tosteam fittings, meat pack- | {food preparations, stoves and | wood turned and carved, buttons, smelting and rezine.

224;

fining.

Chicago Grain Futures (By James E. Bennett & 5%) » I

rev, Wheat— High &l ose | 3 SOW 3 26, 23%

Low

Corn— May July Sept Oats— May Jul y Sept Rye— | May

‘ 1

1.09158 1. 1.06%b 1.06 Sept. 981% 0814 Sov

May . rh WAY 1.5 July 1.5 bBid.

Beans—

6 3a

Investment Trusts (By M. P. Crist & Co..

Administered Fund 2d, Inc nce Shares . *Broad St Investing Corp | Bullock Fund, Ltd { Century Shares Trust { Corp Ot ‘Acc, n Cord. 'AA' ‘or ''Acc.’ Corp. Trust Shares Diversified Tr

Asked 4 20.79 12.11 1.39 38.31 24.50 29.37

12190

tI jo Dh <1 EDT = MINI WI TEI Ps HOB 4 5 20 ~130

fmod,) mnmed.) (orig. ) Shares ‘B" Shares ‘C’ Diversified Tr.S hares “D" Dividend Shares, Inc *Fundamental Investors, *General Capital Corp General Investors Trust 1 Incorporated Investors Market St. Investment Corp Maryviand Pand, Inc Massachusetts Investors Trust Mutual Investment Fund *Nation-Wide Voting oh N. American Tr. Shs. 1055 . N. American Tr, Shs. 1956 .. American Tr. Shs. (orig.) Quarterly Income Shares Selected Amer. Shares, Inc. orig.) .

—

8.40 2.20 26.07 47.01 | 65 |

Inc.

“=e

w oy = > <

w on wD DEI]

pr pt 3

10 2

i Nt NOB PDD LoD a5 or -

Selected Income Shares | State St. Investment Corp. 1 | Supe rvised Shares, Be. (Del) ‘rustee Am. BK. : *Ex-Dividend.

- Other Livestock (By United Press) CHICAGO, March 235.—Hogs—Receipts, 17,000, including 5000 directs: ei top, $10.40, paid sparbulk good and choice, 200-300 lbs.. 0610.35; few sales, 140-190 1bs., good packing sows, $9.50 done on pigs. | -Receipts, . calves, 3000: Kkill5 | ing quality very plain; most beef offerings grading medium to good: entirely too many similar grade offerings here, “especially ‘when light weights are considered: undertone firm on choice and Prime kinds but only one load here gr prime, these being long vearnnk. bra 1047 Ibs. at $15: very little above i $12; stockers and feeders steady: Sears: fed heifers in fairly liberal supply, 200! and choice Kinds steady at 25@ 10. a medium grades, steady: gutters. so-25 down; vealers opened lower af closing 50cm $1 Wy at $9 down offering, $7@8 Receipts, . including no difat lambs supply around 75 per | gent J from Colorado: opening trade around 25¢__ lower. choice handvweight . Pig Mg bidding. $12 on best woolskins: few odd lots native springers. $13 13.50: | fat sheep barely Steady, small lot choice native ewes, ST 25.

—1D

| $10.2 “nM

common and cows slow, bulls firm, 50 down,

6 50@ 8.50;

Sheep

FILES

Filing Supplies. Guides and Folders

LY C. Brass

‘and Associates C134 8. Mer. RI-072

are |

ac- | We!

1.58, | 1.531, |

| St

$9.50 |

herve |

bissiid |, o

WEEKLY AVERAGE

TREND OF STEEL INGOT PRODUCTION

£1937

~ o

wn oo

Percent of Capacity >

w oO

Admi

Prepared b nistrative and Research! Corporation New York

NN o

JAN. FEB MAR. APR. MAY JUNE JULY AUG. SEP OCT. NOV. DEC.

New York

Stocks

(By

High Amusements Crosley Radio Loews Ine Paramount . | Ridio Corn

SY Century Fox : Warner Bros .

Aviation

Aviation Corp Boeing Aireft .. Curiiss Wright | Curtiss Wrght ‘A’ 2 Douglas Aly .... Nor Am_ Av Sperry Corp 2 | United Air Lines Un Aireft New Trans Cont & W Building—

Am Radiator Barber Co Holland Furnace Lone Star U 8 Gypsum warren Bros Chemicals Allied Chem 23 Am Com Alcohol 238 ® 0 Solvents 8! Du Pont Liquid Carb Monsanto Chem Natl Dis Schenley 49 Tex Gulf Sulph 387% Union Carbide 103, U 8 Indus Alcohol 1s Am Home Prod . 47 Drugs— Lambert Waigreen Sterling Prod Un Drug mew) Vick Chem Equipments— Am Brake Shoe om oar y m Lo Am Stool Fdy Bald Loco gay, Gen Am Trk car 713% Gen Elec 5514 Gen R R Sig . 53 Poor & Co 27 Pullman Ine 62 501,

1392

23 38% 471, 8

8 118'% 9%

st Ail r ' w estingh Elec . Financial—

Adams Exp " Allegheny Corp Am Int Corp Comm Credit : com Invest Trust 86% Lehman Corp Transamerica. . .. Foods— Am Sugar Armour Armour 6° Borden Prod Cal Packing Can Dry G Coca Cola Cont Bak

pfd

Ale

Corn Prod

Crm of Wheat Cuban Am Sug Gen Baking Gen Foods Hecker Prod Holly Sugar Natl Biscuit Natl D Prod Purity Bak S P Rico Sug Std Brands Swint a Co . Swift Inu Un Biscuit United Fruit

Household— Col Pal Peet Congoleum Mohawk Carpet Proc & Gamble . Servel Inc Simons Bed Miscellaneous

Allis Chalmers [Am Can 8 | Am Mach & Pdy 2514 Anchor Cap 234 Brkiyn Man Tr 278 { Burroughs Add . ¢ Contl an Caterpillar Tract Crown Cork Curtis Pub Deere & Co Eastman Kodak Foster Wheeler Gillette Glidden Ingersoll Rand Int Bus Mach | Inter Harv Natl Cash Reg Owens Bottle | Rem Rand { Underwood E : Worth'ton Pump 3¢ Mining— | Alaska Jun | Am Metals | Am Smelt Anaconda wv le | Cal & Hecla .. | Cerro De Pasco... | Dome Mines | Gt Nor Ore Homestake | Howe Sound Ins Copper Int Nickel | Kennecott | McIntyre Park Utah | Phelps Dodge Joe Lead . U 8S Smeiters.. Vanadium Motors—

Auburn Chrysler . Gen Motors | Graham Mot | Hudson | Mack Truck Nash | Packard Reo

Studebaker White Motors Yellow Truck Motor Access— | Bendix Bohn Alum Borg Warner .. Briggs ie Budd Mfg . | Budd Wheel Eaton R § Elec Auto Lite . Greyhound New Houdaille Motor Wheel Stew Warner | Timken Det Timken Roll Oils— | Barnsdall Consol 01l Cont of Del Heuston (new) Mid Cont Pet hio nL i

er Corp PRilItps Pet Ely: mouth Oil

ae Of "3X aig

an Wet

5 > NAIDOO 1D 3 @

Cop . Mine

Axle “6

i Eeanoa, Shell Un

Thomson & MeRIwho

Low

LD BD -I8D CO Fol 83 os 3 as =

p—

LOB DIDO NO BISIIODN

SIP DOWD ID EIIN =]

- a

AIUD HEI ED

- aa

» 0

ft ADE “ODDO EI

Low 17% 44), 45 68'. 56% 19,

Soc Vae {S O of Cal S O of Ind SOof NJ | Texas Corp Tidewater Assn Un Oil of Cal Rails— Atchison Atl Coast Lines B & Can Pacific

Ch Ohio 60 x Gt W pfd : St P 2

Del L rie Erie pfd Gt Northern pfd Ill Central | K C Sou | Lehigh Valley | 20% &, Nash

IM K & T ptd prd

ac Ww

| Mo Pac . | Mo_ Pac NS

Pac R Union Pac

Wabash | | Retail Stores ! Allied Stores Assd Dry Goods | First Natl St Gimbel

1431; 8

RWB OO—~MBIINI PE ND DD

PF aE

OSD a —— ® aad

Mont | Natl 3 { Penney J _C Safeway St | Sears Roebuck Woolworth '

Rubbers

Firestone | Goodrich Goodyear | U 8 Rubber | U S Rubber

‘1 Steels— Acme Steel Am Roll Mills Beth Steel a | Byers A M | Cruc Steel Inland Steel 11 | Keystone Steel .. { Ludlum Steel. . | Natl Steel

De JS ee DIN

- --

pfd

s | Sharon : | U S Pipe & by U 8 Steel U S Steel pfd Youngst'n 8 & T 91

Textiles—

's | Amer Woolen | Belding Hem | Celanese Corp {| Collins Aikman | Gotham Hose .. 0'2 | Indus Rayon . | Kayser Julius

11% 13%

Tobaccos—

Am Tobacco Am Tobacco | Ligg & My | Loriliazd | Reyn Tob

Utilities— Am & For Pwr Am Pwr & Lit

Wat Wks . an Gas & Elec. . | Comm & Sou | Consol Gas | Elec Pwr & Lit ntrT«T

GAY “RB “RY

So Noa

imma N

P ¢ . Pub Serv N J .. i So Cal Edison . Std Gas | Stone & Webster United Corp .. Un Jus Imp pe Tt _Union

BOs 0D Bn CODD rt it BD Ba BD wt

— RAEN JARI DID ODRDLI

GD DW ddA AWARE aD

-3

Ut Wester n

xD aU

11:00

oa vt Pro FEF aan a

— LD EI BD ODOBPVINI

— -o 0

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BO mt 0D in CORI ret ht DO a St BD ou] mt DBD TO I= Ia DOWD WONI

DO ld md ad —

— Ea —-—

BARBIE

-—

AaB aa

Close sounds, $0.85 and weights of 350 to

a4,

by 35% 14 60 13% | 23; 81a 180, 51'a

21% 21

30 33 25), 207

8% 30 5

1014 9

alia 3

37 143" |

i's

18!

BT oo =

of @ oe

ODD UOIINT PE

DOED DEI EIND

407 364 6594 12'%

144

90%

Pat

BO pt UN LD ek ek a

2 4

3 a 1 7! a a 1

L 1 1 8 1 1

- Local Scoop ities

(By Indianapolis Bond & Share Corp) The following quotations do not repre

sent actual indicate the approximate

1 | recent transactions A “| BONDS

| Citz Ind Tel (TH) {H Tel & Tel I't W Inc Assoc Tel 4':s { Indiana Tel Co 5s '60 Indpls Railway Inc 5s '67.. 2 | Indpls Water Co 3'2s "66 3 | Interstate Tel & Tel 5's ' | Kokomo Water Works 5s | Morris 5 & 10 Stores 5s | Muncie Water Works 5s | Noblesville H L & 2 6% Qhio Tel Serv 6s '47 Richmond W W 5s '57 | Seymour Water Co 5s TH Trac & L 5s "44 T H Water Works 5s T H Water Works 6s ' { Trac Term Co 5s '57 |

STOCKS

Ass 0s ‘gs. ...

"61

'58

bids or offerings,

market | based on buying and selling inquirles or

"63. . '50 ..100 63. . 2s "47.103 "67 ass ave 108 58.

* | Belt Railroad & St Yds com .. § | Belt Railroad & 8t pfd .. 58

Cent Ind Pwr Home Tel & Te Hook Drug Inc

Ft Wayne ae

‘1 XInd & Mich Elec’ Lo vie 7s. 10

xInd Gen Serv C Ind Gas Co Com Ind Hydro Elec Co Ts

xIndpis Pwr & Lit Co pfd 6s.. xIndpls Pwr & Lit Co pfd 6s.

Frais Water Co pfd 5s

ie | Ind Pub Serv Co pfd 5'es..

| N ‘IN Ind Pub Serv pfd 7 94 Progress Laundry Co . 381. | Eub Serv Co of Ind 6s .. | Pub Serv Co of Ind 7s ..

Ind Pub Sery Co Ria bs on 3:

! Terre Haute Elec Co 6s .. ..

xEx-Dividend

the Cirel 910 TEST BLDG.

id 4 2?

DID You KNOW

that each student has exclusive use of a machine during the entire course?

Caleulating Machine School

but merely

evel

RI-3817

“The School That Graduates Experts”

12 [lower at $6.50 down.

PORKER PRICES

New York Bonds |

| (Reprinted From Late Times Yesterday) DAILY BOND INDEX

(1926 Average Equals 100)

DROP 10 CENTS IN LOCAL TRADE

Saturday i. | Week ago

Month ago a All Classes Decline; Steers oui And Yearlings Steady; Vealers Off $1.

20 20 20 60 Inds. Rails, Utils. Bonds. . 93, SX 96.5% 102. x 3. 2x « $52. 97.2 93 § 08.2 103. 7 on 3 , 94.6 100.4 100 92 92 96.4 101.2 100.7

95 108 92.7 96.9 103 97.6

1037, by Standard Statistics)

1037 low ’ xNew low, (Copyright,

(By Ss.

F. 8. Moseley & Co.)

UU. GOVERNMENT BONDS

: rev. | 104 Hog prices today dropped 10 cents | Close: Ciose

lower for all classes than yester- | day's average at the Indianapolis | Union Stockyards. Top price of! $10.30 was paid for 200 to 210

| pounders. Receipts were 8000 with | [139 holdovers. | Packing sows ranged from $8.90 to $9.50. Weights of 160 to 180° | pounds sold for $10.20; 180 to 200 | 3, pounds, $10.25; 200 to 210 pounds, 3s $10.30; 210 to 225 pounds, $10.25; 1295 to 235 pounds, $10.20, and | weights of 235 to 250 pounds brought $10.15. | Weights of 250 to 260 pounds sold for $10.10; 260 to 275-pounders brought $10.05; 275 to 285 pounds, 1810: 285 to 300 pounds, $9.95; 300 to 325 pounds, $3.90; 325 Vo 350

5 1947-52 1944-54 1946-568 1040-43 « 105.24 1943-47 . 106.2 1941-43 soivuvnvsnnrnens 108.5 s 1043-45 105.15 1941-43 iivvivininives.s 106.5 1041-48 .... 105.8 103.26

115.16 | 1m 100.16 |

105.25 | 108.6 | 105.24 104.16 104.20 |

Seana

EEE

Federal 1064 1949 1042-47

Farm Mortgage Corp,

POMEST IC

400 pounds were $9.80. Lambs Off 25 to 50 Cents Todas's Bond Lenders

In the lighter divisions, 155 to 160-pounders brought $9.90; 150 to | 155- -pound weights sold for $9.65; [140 to 150 pounds, $9.40; 130 to 140 pounds, $9.15; 120 to 130 pounds, | $0.90; 110 to 120 pounds, $8.65, and | Aneg Corp 5s ’ the 100 to 110-pound class was $8.40. | Alleg Corp, 8s ow Steers and yearlings were gener- | Am Tel & Tel 528 '4 {Lally steady but kinds of value to sell | Arm & Co (Del) 48 | below $10 moved slowly. Choice 11200-pound steers brought $13. 50. | | The bulk of the steers and yearlings * | ranged from $8.50 to $10.50. Most | heifers ranged from $8 to $9.25, with | Beth Breel 47s 50.0... : ja top of $10 on choice around 725- | Er ear 3000. 4% | pound weights. | Cleve a roa, "qa .. Common to Col Gas 5s May '52 , | brought $5.25 Col Gas 5s April '52 : | grades, $4 to $5.

[Chi M & St P 5s '15 | Ches Corp 5s ' I N Y Cent 6s ' Rep Steel 4'58 '50 Youngstown 3'28

Balt & Ohio 58 "2000 Balt & Ohio 6s '95 | Balt & Ohio 44s | Beth Steel 4's "60

| Col Gas 5s '61 | Can Pac Perp 4s | Cent Pac 5s '60 | Big Four 4:8 "77 Big Four 5s '63 Colorado & 80 4's ’ | Chi & West Ind 4s ’ Chi & Nor West 4%s '’ | Container Corp 6s '46 Con Gas 4%s '51 .. | Chesa Corp 5s '47 | Del & Huds 4s '’ | N Y Dock 4s 'S N Y Dock 3s ’ Erie 53 '75 ... Erie 5s '67 Grt Northern ‘G’ 4s’ Grt Northern ‘H’ 4s Grt Northern 4'4s 7 Gen Stl Cast WW 5.28 '49 .... 92 Hud & Manhat Ref 5s i “a Ill Cent , Ill Cent Jt | II Cent 5s '63 " | Interboro Rapid Trans 58 '66 . Reecipis Interntl Hy Elec 6s '44 vr 7000 | Tnternt] Tel & Tel 4's '39 . | Interntl Tel & Tel 55 '55 ‘ey | Interntl Tel & Tel 4's '52 .. Lehigh Valley 4s 2003 McKees & Rob 5's ’ Mo Kan Tex Adj 5s Natl Dairy 3348 '51 Natl Steel 4s '85 Nickel Plate 4'42s '78 Nickel Plate 5'2s '74 N Y Cent 5s 2013 N Y Cent 4's 2013 (old) N Y Cent Conv 6s '44 Nor Amer Co 5s '61 Nor Pac 3s 2047 Nor Pac 6s 2047 @10.30 | Nor States Pow 5s ’ @10.25 | New Orelans Term 4s ' | Penn Ry 43 '63 4 @10, i 80@ 0.0

HOGS Bulk $0 857 10.20 9.95%10.30 9.954110.30 9.906: 10.25 9.900: 10.30 10.004:10.40 0.90410.30 Ligh Lights-— | 140-160) Good and Medium Lightweights 1160-180) Good and Medium (180-200) Good and Medium Medium Weights 1200-220) Good and 1220-250) Good and | Heavyweights— 1250-2900 Good | _ 1290-350) Good Packing SOW Ss (275 5-35 Good | Good | Good Medium Sl! a Pigs (100-140) Good and choice . Medium . CATTLE —Receipts, 2500 | Sou (550-900) C “noice . $12,007 13.50 | Sou Good 9.507012.00 | Sou Medium 1.7561 9 50 | Sou

New York Curb

Choice 12.75 14.00 Good 10.00%: 12.75 (By Hamill & Gates) 11:00

Medium AM.

March

choice ret "80. 9.90 9010.25 106 10.10 | 186 10.30 010.10

choice. . choice .

choice choice. .

Penn Ry 4's '84 Penn Ry 4'4s '81 Penn Ry 3%s '70 Portland Gen El 4's '60 Para Publix 6s ‘55 . Penn P & L 2 1 Postal Tel & Cab 58 '53 Rem Rand WW 4s 36 | Shell Union Oil 3's Socony Vac 35s '50 Pac 4'4s '68 Pac 4'as Pac 4s '4¢ Rail 4s ’ Rail 68 '56 Rail 6'as Ff

chotee choice ..

and

825@ 9.3! 8.40% | q. 0041

Sou Son

(000-1100)

, Common (1100-1300)

Atkins,

(1300-1500) ( 10.50 13.00

Aluminum Co of America American Airline .. American Cynamid ‘B”’ Am Gas & Flectrie American General . Arkansas Naira) Gas Barium Steel .. Carrier Corp Chicago Flexible Shaft Columbia ato] Copper Eagle Picher Lead Elec Bond & Share .. Ford Motors Canada General Tire Greenfield Jap & Die Gulf Oil, Pen Humble Oil & "Refining Co Jiternt onal Vitamin Lion Qil National Rubber Niagara Hudson Power Segal Lock Spencer Stores . ran BE of Ohio vv. vuvuts

(500-750) ..$10.00711.00 9.00% 10.00 8.00% 9.00 8.781 11.00 6.00@ 8.75

(750-900)

6.25@ 1. 28 5.00% 3.75@ 5. 8.501 5.00@ Vealers Receipts, | Good and choice | Medium Cull and common Calves | (250-500) Good and choice §$ 6.50@ 9. Common, medium 5.00@ Feeder and Stocker Cattle (500-800) gos and choice .$ 6.75@ Common, medium. 5.75@ (850-1050) Good and choice . 6.75@ Common, medium. 5.75@

9.00% 10.00 7.50@ 9.00 450m 7.50

Heifers— Good and choice . Common and medium SHEEP AND LAMBS

—Receipts, 1000—

Me oney « pney «nd E xchange

INDIANAPOLIS STATEMENT Clearings $2,778,000 Debits 7,154,000

Medium Common A | Ewes— | (90-175) Good and choice mmon, edium " 5 50 o ep and lamb quotation on clipped

Other Livestock

(By United Press) YETTE, Ind. Ns 23. —Hogs— Be Toner:

odio »

TREASURY STATEMENT (By United Press) WASHINGTON, March 23. —Government expenses and receipts for the current fiscal vear through March 20, compared with a year ago.

This ». 347, 78. 527. 16

Expenses 3,547,050,711.67

Receipts... Deficit Cash Bal. . Pub. Deb, Gold Res Customs ...

Last Year $5,142,094, 913.95 2,957,739,560.8 LAFA

335, 878, ‘380 39 280,934,048.90

8 87. a8. 50, Rough

15 ‘ $8.75 9: 100-130 1 lambs, $1

$9.25 down; en *$0.50 down; down.

% | Rush Jobs Make Us Smile

Hendren Printing

Company, Inc. 470 CENTURY BLDG. RI1-8533

YNE, March 23. — $10. 15 825.

. 250-275 1Bs.,

Ind. 200- 228 Ibs, "180-200 Ibs . $10.08

1 65; S. $8.75: 7; stags. $7.50; calves. ‘$10: lambs, $12

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

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

General Market Securities

ArCAVY w

[ince

\ MARKET STRpEVS)

ene Corp.

CHURCH INFORMATION

Of course, you'll be wanting to attend church services on Good Friday and Easter Sunday. Phone Riley 1571 . . . our Service Department will gladly tell you where churches are located, and what trolley or bus to take.

Indianapolis Railwa;

105.25 | Rome 62s '52

0 106.12 | Yokohama Bs 106.12 |

Pac 5s Texas Pac 58 °' Third Ave Adj 5s’ Union Pac 4s '47 United Drug 5s . U 8 Rubber 5s ¥ NY NH & Hart 6s '48 NY NH & Hart 4'44g Warner Bros 6s '39 Western Mary 5'.8 '77 Western Union 5s 0 . Youngstown 8 & T 4s '81 Youngstown 8 & T 315s °

FOREIGN '57

Texas

Argentine

A 6s

Treasurys F

Japan

5, 8 01

kyo City

Speaker

Brow.

ri 104% 38

FEBRUARY GAIN IN EMPLOYMEN REPORTED HER

+ Largest Advance Shown by

| firms indicate

[

2 | |

| |

| creased 1.7 per cent

Manufacturing Firms, Bureau Says.

Times Special BLOOMINGTON, March | February reports from Indianapolis a small increase in employment and a gain of 4.3 per cent, in payrolls during the month, the Indiana University Bureau of

h) ¥

—

| Business reported today.

Manufacturing concerns showed the largest advance, the bureau said, as workers in this field ine and payrolls were 5.8 per cent higher. Transportation equipment firms and paper and printing establish ments made substantial gains both

| in employment and payrolls during

The American College of Life

Underwriters, the

Indianapolis

Chapter of Chartered Life Under-

writers and the Association of Life are to hold a joint

meeting Thursday pool Hotel. Detroit,

past president

Indianapolis Underwriters luncheon-

in the ClayGeorge E. Lackey,

of the

National Association of Life Un-

_derwriters, is to speak.

Chicago Stocks

(By Atkins,

Adams Manufacturing ; Advance Alum | Allied Products ‘sy Asbestos Manufacturing Associate Investors .. Bastian Blessing Berghofl Butler Broth Central Tinois Pub Chicago Corp ... Cities Service Commonwealth Bdison Cord Corp Crane Co Cunningham Drug ..... Dayton Rubber General Household ‘ae Godchaux guRar (A) Jarvis W B Katz Drug Ken-Rad Tube . Libby McNeil and Libby. Lincoln Printing . us Lion Oil Loudon Packing McCord Radiator .. Mid-West Corp Noblitt Sparks Northwest Band Corp Schwitzer-Cummings Signode Steel Standard Dredge pfd Sundstrand Machine ... Utah Radio Prod Walgreen Woodall Industries Zenith ....

Near Bond Issues

(By W. L. Lyons & Argentine Rep 4s ’ Assd Tel 4s '65 ... Atl LY 3! 28 ’ B QO 4's '39 .. Bail Ore Pry 4s ’ Celotex 4'2s8 '47 Cent Maine Pwr 4s Cent Maine pyr Rg Cinti G & E 3

Service. .

Hamill & Gates)

Prev. close,

3h 11514

2 |

11 487) 129} 23 Hy 17 a!

2 121% | 33%,

\ ) Bid Asked . 89% 90'a 102%

Houston Lt & power, 3%as "68. .10

Indpls Water Lt 5 Kansas & Koppers_ Co + 81° . Kresge Foundation 3158 Los Angeles Rev 3s '67 Louisville G & oF 328 '66 Mengel CV 415s ’ Metro Ed 4s Narra Eee 328 y N YX 3s NY State Elec ‘Gas 4s '6* Northern SHALES P 3las '’

Qhio Ohio Edison 38 M2 Okla G & HB 4s '4

Otis Steel 4'2s Pac Li htine ho ) Phila Elec 3 '87 Sou Kraft ais i Wise G & E 3'48 '6 Wise Pub Serv = y

5 wer lf Okla G & E, Ine, as "68 “ud

| tile

4h | $1.34 for

: | new No. 3 yellow, $1.04.

the month, the report said.

Construction Climbs Declines were noted for employ= ment in railroad repair shops, tex industries, iron and steel mills and in retail trade, the bureau reported, but building operations were than double the January figure and were far ahead of a year ago, with the two-month total for this year higher than any corree | sponding period since 1930. | With residential building main- | taining the high level started last | March, this class of construction { was higher than for any month | since March, 1930, the bureau de= | clared. | Newspaper advertising made a contraseasonal gain and was 1.6 per | cent above January and 20 per cent | above a year ago, report said, Carloadings Gain Increases were also reported in inbound and outbound -carloadings and Postoffice receipts. Bank debits | declined almost 16 per cent from January but were 22.7 per cent above February, 1936, Employment and payrolls increased but the general level of business activity in Indiana declined materially during February, the report said. Although business dropped off as compared with recent months, the | general level still was about 19 per | cent above February of 1936 and more than 40 per cent above the same month of 1935, the bureau reported,

LOCAL CASH MARKET | City grain elevators are paying No. 1 red wheat. Other | grades on their merits. Cash corn, Oats, 44c, | Hay—No. 1 timothy, $13.50@14: No. clover, [email protected]; No. 1 alfalfa, | first cutting, $167 16.50; second cut= | ting, 517. 30 @18. 50.

U ‘nlisted Stocks (By Blyth & Co.) Pankers Trust | Chase | Central Chemical Continental Illinois First National Boston : | Guaranty | Irving | Manufacturers National City | National Shawmut FIRE INSURANCE Aetna Fire Insurance American of Newark Baltimore American Federal | Franklin Fire Great American Insurance. . Hartford Hanover Phoenix . National Fire National Liberty

Hanover

YOU SAVE AN EXTRA 20% ON THE RETURN PORTION OF YOUR GREYHOUND ROUNDTRIP TICKET

JOIN THE EASTER TRAVEL PARADE - - - DOUBLE SAVINGS ON GREYHOUND TRIPS

WHEN YOU BUY A ROUND-TRIP TICKET One-Way Fare CHICAGO ST. LOUIS FORT WAYNE ... TOLEDO .......... DETROIT PITTSBURGH CLEVELAND ...... CINCINNATI ..... LOUISVILLE EVANSVILLE NEW YORK .... WASHINGTON PHILADELPHIA BOSTON MIAMI .. ’ LOS ANGELES ...

Cost of Return Trip $2.90 3.75 2.50 3.80 .. 4.00 vere 3.95 4.55 1.75 saves 1.95 saves 300 12.25 10.25 ..11.00 .. 14.45 .. 16.45 .30.45

$2 35 3.00 a5 3.05 3.40 4.80 3.65 1.40 1.00 2.40 9.80 8.20 8.80 11.60 13.20

1440 to

AVE the cost of a smart new Easter hat. ... take your week-

end trip by Greyhound. You make a big saving going . . . bigger saving returning . you buy a round-trip ticket. You can travel three miles in the carefree comfort of a Greyhound bus at the cost of driving your own car one mile , . . for Greyhound fares are now lowest in history. Enjoy a closeup view of the countryside all decked out in new Spring finery-=arrive at your destination relaxed freshed. It's good business anytime

and an even . + when

and re.

travel anywhere by Greyhound!

Greyhound Terminal

Traction Terminal Bldg.

RI1-8691

TRAVEL

American National Bank, Ph. RI-1421 Fletcher Savings & Co., Ph. RI-1551

GREYHOUND

Illinois and Market Sts. BUREAU

Banker: Trust Company, Ph. RI-430Y