Indianapolis Times, Indianapolis, Marion County, 11 August 1937 — Page 17

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THE INDIANAPOLIS TIMES PAGE 17 40,000 VISITORS AT

CLOTHES TORN oh Pledges Aid for Safes TOMATO FESTIVAL H BH : a J today played host to 40,000 visitors,

including Governor Townsend. at the annual Indiana Tomato Festival, The visitors inspected the fields and Pickets and Nonstrikers Clash in South; Rail | Parley Opens.

‘WEDNESDAY, AUG. 11, 1987 STEEL PROFITS | PRICE INDEX AND COMMODITY QUOTATIONS

DAILY PRICE INDEX Week Year

{| NEW YORK, Aug. 10.—Dun & Bradstreet’s daily hee " hee SPITE ST | weighted price index of 30 basic commodities compiled 11 Dg § | for United Press (1930-1932 average equals 100): FLYNN REPORTS 142.11) Year ago ..103.08

A834 a2 A 3512 ChAtL toa A124 1260 141.41/1937 high (April 5) 158.26 145.94/1937 low (July 29) 140.60 Owners and Workers " Much Better Off He le Says.

Today A100 JAR Al 1059 1.89% JAR44 14 0865215 NE8Te 80g A434 19.35 23.25 4.35 2.25 69.00

Commodities— Lambs Avg. Most Sales (1h) .. Hides, Native Hvy. Steers 1h.) .. Wool. Fine Unw. Comb. (Ib) .. Cotton, Mid-Upland db.) Silk, 13-15 Deniers Jap (Ib)... Rubber. Spt. Smk. Rib (b.) ... Copper. Electrolvtie (Ib.) Lead. Spot «b.) Zine. Spot 1b.) Tin, Straits Spot (Ib.) Silver, comml. Bars (oz.) Steel, Scrap Chi. (ton) Pig Iron, Iron Age Comp. (ton). Coke. Connellsville ton) ...... Cement, Dom. Portland (bbl). . Yellow Pine. $-in. hase (M ft.). Douglas Fir, Rough (M ft.) ... 52.50 Gasoline. Tank Wagon (gal.)... 095 + Crude Oil, 40 gravity (bbl) .... 1.2% 1.2% 1.18 Source of Quotes—Chicago: Grains, livestock, lard, steel scrap and hides, Boston: Wool. East St. Louis: Zine. Connelsville: Coke. Tulsa: Crude oil. New York: All others.

CITY'S "37 REVENUE INCREASES OVER '36

Expected to Offset Some of

s $

Yesterday Week ago Month ago

D0 1.82 1850 A6% a4 00934 082715 0460 0662'% 04% 59 A2Y uy A434 19.75 14.75 23.25 18.73 4.35 3.65 2.25 2.55 60.00 50.00 52.50 38.00 005 087

NEW YORK, Aug. 10—Following are the commodity prices used in compiling the daily price index:

Today

canning plants devoted to the crop. The fesetival queen, attractive 20+ year-old Zola Mae Cook, was crowned during the afternoon. Governor Townsend was to speak following the coronation festivities, It was one of two speaking engage= ments today, his 53d birthday.

Dr. E. C. Elliott, Purdue Univere sity president, presided at the coroe naion ceremonies in Callaway Park, Around the

world with PHILCO at KEMPLER'S LL

or 4. ZEB 5331

ONLY $1.00 A WEEK

Installs a Genuine

Year sare ee Ago $ 1.13% 1.114 883% A51% 7.525 1202 OR 0365 35% A110 0630

Week Ago S 1.15% 1.05% 81% 29% 7.65 A140 0914 0350 311 1283 0850

Commodity fees Wheat, No. 2 red (bu.) Corn, No. 2 yellow (bu.) Rye, No. 2 (bu.) . Oats, No. 2 White (bu.) Flour, Spg. Pat. (196-1b. sk.) ... Lard, Prime Steam Spt. (b.)... Coffee, Rio 's Spt. Ib.) Sugar, Raw 96 Test Ib.) Butter, 92 Score (1b.) . “es Hogs, Avg. Most Fales (1b) ... Steers, Avg. Most Sales (1b.) ...

Maritime Board Chiet Takes Steps to Halt Costly Strikes

8% 3134 v.30 Jai 09% 0360 311% A310 J0650

By United Press GREENSBORO, N. C, Aug. 11.—| Pickets and nonstriking workers at the Greensboro manufacturing plant engaged in a hand-to-hand en-| counter in front of the textile plant | today. Women workers were nearly disrobed in the melee. A group of 45 workers, mostly women, pushed their way into the plant through the picket lines, which were established yesterday when the local unit of the International Ladies’ Garment Workers Union called the strike following coliapse of negotiations for a contract cover-

By JOHN T. FLYNN

' Times Special Writer NEW YORK, Aug. 11 —Churning uP business pessimism out of the] steel strikes has been hard sledding. Of course on the face of things it looks as if a strike ought to hurt business. Maybe it does—but the facts and figures in the steel in-

dustry, despite the six months of labor war, do not bear out this By United Press

thesis. This, of WASHINGTON, Aug. 11.—Chairman Joseph P. Kennedy of the U. S.

course, is not an OR ) ] ! : argument for Maritime Commission today instructed a special committee of five marine

Times Photo. to the police are two club

The Universal Club has pledged its co-operation Shown above

strikes. But it has a bearing on the dark forebodingsa bout the steel industry which

first outbreaks. The reports for the first quarter

Ax)

Mr. Flynn

have been com-|

for instance, made over just

ing in. They show, that Bethlehem Steel $10,000,000 net in the quarter

ended compared with less than one- |

And | com-

third that amount last year. its employment was 102.000 pared with 73,000 last year.

Earnings Increase

Tom Girdler's Republic Steel and !

Mr earned $6,000,000 this quarter hdlf that last year. National Steel earned $6,000,000 this quarter and less than one-half that last year. + Youngstown Sheet

however, did suffer. But all this time, while first one

& Tube,

and then another steel corporation | John |

confronted the legions of Lewis, the steel companies turning out 19,000,000 tons of pig iron compared with 13,000,000 preceding year.

Nor has the public's estimation of | the steel companies suffered. Beth- | lehem stock has gone up from 73 to |

118. United States Steel has risen

from 73 to 117.

town Sheet & Tube such vigorous offensive from the C. I. O. has seen its shares rise from 74 to 90. Steel Demand

The fact is that there has been | large and a persistent demand |

a for steel. large Government heavy orders for

It has risen partly from orders, from replacement of

machinery in industry and for the | machine tool business, from railroad equipment orders and, in part, from

war orders. The orders being there and the | prices being good the steel companies have made the stecl in spite of. the strikes. And it must not be forgotten that while the C. I. O. has made gains, has gotten recognition here and there and is generally a factor now to be reckoned with, whereas it was a mere threat last September, the steel companies themselves have enjoyed two increases in prices which are quite sufficient to take care of the wage increases forced directly and indirectly by the C. 1. O. ‘Taken all together, if we could eliminate some of the human suffering and some of the deaths, the whole episode has not been a business disaster. (Copyright, 1937, NEA Service, Inc.)

LOCAL ISSUES

The Jollowing quotations do not repre‘sent actual bids or offerings. but merely {ndicate the approximate market level as wished by the brokers named. Indianapolis Bond & Share Corp.)

BONDS

E32] Ind Tel (TH) 4la2s 61.. Tel Ft W 28 H : Tel Ft W 6 H Tel & Tel Ft W 7 Ind Assoc Tel 4!ss indiana Tel Co 5s indpis Railway Ins 5s 67 Indpls Water Co 3!2s 66 ‘ Interstate Tel & Tel 5's 53 . 97 Kokomo Water Works 5s 58 0 Kuhner Packing Co 4l.s 49 Morris 5 & 10 Stores 5s 50 .. Muncie Water Works 5s 65 Noblesville H L & P 6l2s5 47 . Ohio Tel Serv 6s 47 id Richmond W W 5s 57 Seymour Water Co 5s Trac & L 5s 44 T H Water Works 5s T H Water Works 6s Trac Term Co 5s 57 STOCKS

Belt Railroad St Yds cum 5 Belt Railroad & St Yds pfd... 3 xCent Ind Power pf Ts “a Hook Drug Inc xCent Ind Power pf 7s ..... ind Gas Co cum ‘4

“

56 . 49

Indpls Pwr & Lt Co pfd 8 §nabls Pwr & Lit Co pfd 5! ndpls Water Co pfd 5s

R Mallory Co com (new) .. rogress Laundry Co .e ub Serv Co of Ind 6s > ub Serv Co of Ind 7s 5012 Smith-Alsop pfd .. connie @ Smith-Alsop com rhb bs Terre Haute Elec Co 6s ....... ¢ Union Title Co com chess 2 Van Camp Milk Co pfd 91, Van camp Mik Co com 10% P. Crist & Co.)

Market st. Ynvesting Corp .. 35.24

* NEW BOND ISSUES

(By W. L. Lyons & Co.)

Atl City 34s '64 .... B & O 4'2s '39 ‘B F Avery Sons 5s '47 Calif Oro Prw 4s 66 Celotex 4'2s 3°

Fla Power 5s '66 i Houston Lt & Power 3142s '66 .. jndpjs Water 32s '66 ‘ Los Angeles Rev 31, bs 77 Narra Elec 312s '66 Y City 3s 11 Y State Elec Gas 4s '65 Lae

«Okla G & E 4s «Okla G&E Inc 3%s '66 ‘Pac Lighting 4'5s '45 Scott Paper Co 3'4s '52 Fou Kraft 414s '56 nion Elec 34% $2 iii nion Elec 3s 1 Chester 31 5 ’67 Wise G&E 3 “66 Wisc Pub Sie “1s 61

ARE A

CLEANLINESS. PROPER TREATMENT

WILL

QUICKLY. GET RID OF THEM 100%

ARNOTT EXTERMINATING CO.

247 MASS. AVE.

accompanied the to

were |

the |

National has gone | up from 70 to 97 and even Youngs- | which faced |

{ Cons Fd A ¢

¢ | National City Cleveland

experts to determnie how to protect shipping against costly strikes. Simultaneously, he warned war-¥ ring trades unions that the Fed- | ships “as an adjunct of national eral Government would not toler- | defense,” including both Naval reate “factionalism” that threatens | serves and Army transport require~“jeopardize our position in in-| ments. ternational shipping.” He said he 3. Methods of developing referred specifically to the rivalry | trained personnel both in construc|among marine workers affiliated | tion yards and on the seas. | with the American Federation OH 4 Appraisal of Federal shipping |

Labor and the C. I. O. Mr. Kennedy appointed the com- | Policies in relation to other Gov- : ernment measures such as the |

mittee to assist the Commission in formulating a long-range merchant | heutrality and trade agreements | | marine program to rehabilitate | Programs. { | American shipping. In addition to| 5. Specific evaluation of What | seeking labor peace, the platform | the taxpayers “get for their money” | comprised: under the current ship construction 1. A thorough determination of | and operating subsidy schedules. ; the relationship between this na- | tion's SHIPPIng and HLS Wi ber ere | om—— | commercial needs. 2. The importance of merchant

‘LOAN ASSOCIATION MARKS 50TH YEAR

| The Railroadmen’s Federal Sav-

| ings & Loan Association is celebrating its 50th anniversary today. The association was founded in | 1887 for the purpose of aiding rail- | road men in building homes. Since that time it has taken other serv- | | ices and been a great service to the | community. Present officers of the Association | are Fermor S. Cannon, president; | | A. F. Bromley, vice president. F. B.! Steut, secretary; L. W. Davis, treas- | urer; S. A. Green, loan officer and | assistant secretary; W. F. Oldshue, | auditor, and K. W. Hadley, attorney.

INVESTING CO.’S Bid. Ask. i

LE 20 20.43 KC 0.34 11.37 KC

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BE mr 12000 DVD my Ut ay ES = RIS NSW © BBD aTmbin

Cm Fost 26. 0 Cm Fos B 33.50

Fidelity 1st Bos Fix Tr A Fix Tr B RA In The

Gon: Tay Group Secu Agri he

WAL TWS ORBITS ~I0330

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SBD art Ne p03 IP 3D

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2035 T 1 py 00 nD my ad in DS 3 OO = pg Dna Irate I WE

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29 16

BANK STOCKS (By Blyth & Co., Inc.)

Bankers Trust Central Hanover Chase National .. Chemical Bank s Trust ..... 61 Guaranty Trust . Chi Irving Trust .. Manufacturers Trust National City 8 Continental Il. Nat! Chicago 141 First National Bk. Bost 491,

Natio1al Shawmut Boston. . 4)

| Fire Insurance | Aetna Fire : City of New York ‘

Federal Franklin

? | Hartford 2 National "Fire

Great American Hanover .

ome

! U. S. Fire | Westchester fastiitiani Casualty Companies | Continental Casualty Mass. Bonding & Insurance

SCOUT DRIVE FINISHED

| Final report on the B Boy Scout sus- | taining membership drive will be! given at an executive board meeting | in the Board of Trade tomorrow | | noon, Harry T. Ice announced today. 1

“If it covers the ! floor we have it”

UNITED RUG

And Linoleum Company

139 WEST WASHINGTON STREET Opposite Indiana Theatre

1937

A Beautiful PERMANENT

Complete with ® Fale cut ® Finger Wa ® Shampoo @ Neck Trim Cc ® Rinse—All for only .. Two Permanents Mae Murray or For only $1.35 Shirley Temple N o Appoint- Permanents, ment Needed. Complete ... Gray, Dyed, Genuine Oil Bleached, Hard to Wave $3, $5. Hair Our Spe- 3 Halty. Good og BL regular $2

ach. NG APPOIN TMENT NECESSAR

401 Roosevelt re

Cor. Iil. and Wash. RI. Gi84.

MENACE TO HEALTH AND ERADICATE THESE PESTS

Kill Guaranteed

PHONE LI-7459

Budget Rise

Rising revenues collected at the City Controller's office for the first

seven months of 1937 today were held an encouraging sign to offset some of the heavy increases being asked for in the 1938 Civil City budget. Revenues for the period totaled $201.916.87 more than collections | made during the corresponding | | period of 1936, a total of $2,609,491.10 | as compared to $2,407,574.23 for 1936. Ticket stickers were responsible for $19,362 of the amount as against $13,928 last year. Fines and fees in City Courts totaled $14,688 during the first seven months of 1937, whereas $4517 was collected last year.

[

wy, Il

FIFTY YEARS of operation finds the original co-operative enterprise of savers and borrowers vigorously functioning. Over 121,185 thriftminded people have been safely and profitably served in the half century and over 82,576 home loans have been financed.

FEDERAL SAVINGS AND LOAN ASSN.

ing wages and hours,

More Than 30,000 Reported on Strike

By United Press

tile Workers Organizing Committee | claimed today that ° and rayon workers strike, although were said to have been signed with

hours.

chairman of the T. w.

members, L. R. Carson (left)

safety chat with Sergt.

traffic department in its safety drive. and Dr. Blan F. Deer Edward F.

(right), in a Moore.

Pennsylvania and one in New England.

Rail Unions and 30,000" silk er “on | Carriers Parley

new sareements 4 y United Press CHICAGO, Aug. 11.— Railway labor and management met today in 1 effort to compromise union de-

NEW YORK. Aug. 11.—-The Tex-

“about 30” plants within the last 24 | At the office of mands for a 20 per cent wage increase which operators of the naC. 1. O. organizing agency, it was| tion's class 1 railways estimated said the new agreements signed last | would cost them more than $110,000,night affected between 8000 and 10.- | 000 annually.

000 workers in “about 29" firms in | Three hundred committee chair-

Sidney Hillman, 0. C, the

$ ns

SNC

Cm 2h | n )

* GRANDFATHERS and MOTHERS

Secured funds here to finance their homes on terms that were very reasonable. They did n't, have to pay any commission or large fees to get a loan. They made substantial savings here that, were often necessary on the family incomes of that day.

Repayment was made in convenient monthly installments, extended over a long term of years. Thus they avoided meeting large lump sum payments and the necessity for refinancing at inconvenient intervals.

lated in safety and with profit.

outstanding in 1887.

*» GRANDSONS and DAUGHTERS

Secure funds here to finance their homes on terms that are very reasonable. They don’t have to pay a commission or large fees to get a loan. They make substantial savings here that are often necessary on the family incomes of

today.

Repayment is made in convenient monthly installments, extended over a long term of years. Thus they avoid meeting large lump sum payments and the necessity for refi-

men of the “Big Five” railway brotherhoods carried

of the railroad workers who balloted | in a nation-wide poll, SOLID

Coin WEDDING | RINGS, $3.95 |

ATVs

Formerly CROWN JEWELRY CO. 4 WEST MARKET S™

These mortgages on the homes of local residents provided excellent security for the investment of the savings of neighbors and friends. Here funds could be accumu-

This policy of providing better terms on mortgages and extra safety on savings was

nancing at inconvenient intervals.

These mortgages on the homes of local residents provide excellent security for the investment of the savings of Here funds can be accumulated in

safety and with profit,and are now insured up to $5,000.00. This policy of providing better terms on mortgages and ex-

neighbors and friends.

tra safety for savings is outstanding in 1937.

PROGRESS has dictated removal of the Association's offices to a new location and the adoption of a new name and charter, but the principles established by the founders for its guidance have been strengthened, and its members’ interests are better served. With a watchful eye for new service opportunities, the present saving and home financing plans

been geared to the day ahead.

INDIANAPOLIS

Gy A TTI Avenue ;

operating into | the conference a strike threat ap- | proved by more than 96 per cent |

HERE

= AUTO RADIO

A utomatie volume conrok. No fadng. Beauliful tone,

Capitol City Radio Co.

18 S. Capitol Ave.

4 Doors South of Washington St.

have