Indianapolis Times, Indianapolis, Marion County, 6 January 1938 — Page 17

Rail Shares Advance; ' Steels and Other . Metals Rise.

NEW YORK, Jan. 6 (U. P.).—Stocks advanced in light trading during the morning today and entered the afternoon holding gains which ranged to more than two points.. Pressure relaxed on Baltimore & Ohio issues after they had been carried down to new lows. for more than a year yesterday. They gained than a point and ofher railroad shares joined in the rise. Central was up a point at 17% and

hern Pacific up 13% at 19%. Yisan | Pacific had a 2 point rise to

Steel issues were a point or more , akove the previous close. U. S. Steel ~ reached 5812, up 2 points. Nonferrous metals were strong. ‘Gains of 1 to 2 points were noted in. ‘the coppers with Anaconda leading. U. S. Smelting rose 3% to 66. Chrysler was up nearly 2 points. Allied Chemical gained more than 3 points in its section. Douglass resumed its rise after early steadiness. Case jumped 6% in the farm section, Oils ‘were up a point or more featured by Texas Corp. Westinghouse Electric touched 103, up 3 points.

Today's Business At a Glance

GENERAL BUSINESS

Dun .& Bradstreet reports week ended Jan. 5 bank clearings, $5,810,966,000 vs. $4,992,042,000 previous week and $6,538,195,000 year ago. a, Engineering news-record repo: construction awards this week at $49,178,000 vs. $44,989,000 last week and $40,447,000 year ago. CORPORATION NEWS ‘Chicago, Indianapolis & Louisville Railroad Co. November net loss, $199,923 vs. $24,465 year ago; 11 months, net loss, $1,410,568 vs. $965,920 year ago. DIVIDENDS

‘American Machine & Foundry 'Co., 20 cents on common payable - Feb. 1, record Jan. 15, vs. 4 dividends of 35 cents each in 1937. “Atlas Powder Co., regular quarterly $1.25 on preferred payable Feb. 1, record Jan. 20.

RALLY AT WINNIPEG

(750-900 (900-1100) : 00-13 €750-1100 S

Corn Slips s Below Previous Closing Levels.

CHICAGO, Jan. 6 (U. P)—A strong rally at Winnipeg turned Chicago wheat prices a cent higher on the Board of Trade .today after a “shaky opening on weakness in Liverpool. At the end of the first hour wheat was 5% to 1 cent higher; corn was 1% to 3% cent lower, and oats were 1% to % cent higher. ‘The bulge in Chicago brought out some short-covering which aided in the mid-session rally. The sharpest gain in local futures was registered in May, which climbed 1 cent. Buying in the Chicago pit was in moderate to heavy volume and indications pointed to higher prices for the day. There were no wheat receipts. ~The upturn in wheat was without influence in corn as the yellow

cereal slipped below previous closing |

Jevels on commission house selling.

Porker Prices Remain Steady In City Trades)

Despite the largest run of hogs for the current marketing season at 11 principal markets and lower levels at most Midwestern centers, values at Indianapolis held steady today under an active demand on local account, the exception being packing sows which dropped 15 to 25 cents, according to the Bureau of Agricultural Economics.

Top on best 150 to 180-pound bar- | gi

rows and gilts held at $8.65. Packing sows bulked at $6 to $6.75, some good lightweights topping at $7. Some of the buying interest which was sustained from Monday until|{c midweek was lacking in today’s steer and yearling trade. However, little except plain and medium grade|S

steers and yearlings in small lots | Celotex

were available, selling from around $6.50 to $7.25 and prices were usually steady,

heifers and cutter to common cows. Medium to good lightweight heifers went at $7.50, with bulk from $6 to $7. Low cutter and cutter cows ranged from $3.75 to $5, with com-

mon to medium grades $5.25 to $5.75 | comm

and some good fat cows upward to

$6, best quotable to $6.25. Bulls were Som

active at $5.50 to $6.50 for sausage kinds, practical top $6.75. Vealers

and choice offerings.’ A generally steady trade in the sheephouse saw good to choice native lambs sell from $8.25 to $8.75, the latter price also going to 10 double decks of finished fed Western offerings. Three doubles of fed year-

lings brought $7.50. Slaughter “wes | py

at $4 down showed no change.

Dec. 30. 31. Jan. 3. :

$7. dia £R8 1 8.5 7.75 7.75 7.50@ 8

7.55@ 8. rH Barrows and Gitls= In

09 9999 PPR

23:30 0000 P00 DONT 300000000000

ao Point PO eases

oe Mn

Smo ag 8

vein ol pt

NIBP PIISOD 0 SRRASNS ata TUR OOOOULMUNOO

SNBESO ORES S3833835a8S

550-750 (850-750) Good (7150-900) (550-800) C

mon Low cutter and cutter Bulls

(beef) bro weights) Medium Cutter and common Vealers —Receipts, 600— (All weights) Choice (All weights) Good (All welg ts) Medium Cull and common

Calves ( 350-400) Choice (250-400) od ( 350-480) 1

(250-400) ¢ 4, s a or Stocker Cattle Steers—

(500-800) Choi * (800-1050) Choice - (500-800) Good

oS la pond onbi

69 999998 6068 9999

8838 8383

23%:

Fee

1800-1050) G (500-1050) M (500- +1050) C Heife (500-750) Good and choice. . Common and ‘medium

BI AII-300 fotn Bobonatnis

SHEEP AND L —Receipts, 5000

Lamb. Relatively small buying by shipping ee

interest, despite bullish export rewas a bearish factor. Corn

receipts were 168 cars.

WAGON WHEAT for No.

Vv sor re Sy Baim oth Shee a ades on i merits. Gash corn, Sue "No, 2 yellow, 48c. Oats,

EIVEREODL W WHEAT Prev.

Mar. oeeeeee SERS, $1125 $1135 SL. 19 ; by HA RTT RTA . He Hin Ha 1g

“N Y. Bonds

a: ‘By United Press - . BOND PRICE INDEXES ; 5 20 20 20 60 Inds. Rails Utils. Bonds Yesterday ..... 81.4 68.7 94.3 81.58 709 940 818 48.4 94.2 83.3 100.2 105.6 100.1 856 1038 938 101.2 106.0 100.7 69.8 92.3 100.4 106.2 ' 84.7 108.5 86.4 103.6 935 lo 83. 71.0 89.3 ait, 1938, Standard Statistics Co.) “NEW FORK. Jan. 6 (U. P) Ea opened firm R fot e Ya on:

Curb Stocks

- By United Press NEW YORK, Jan. 6 (U. P.)—Curb stds opened irregular.

G&E 26. ... I Cyan B

sSesssssscansenve

3 + + +

4%.

WEeS—— Good and shelee Common and med

HICAGO, Jan. 6 (U. P.).—Hogs — ReTAL 29,000, including 6000 directs; market, active on 0 Ibs, down; all interests buying Flead is foc lower; heavier butchers mostly 15¢ Eg oR atk in| thoice. "150.300 "$8.20¢ [email protected]¢ Fo an choice, - 3 2340 i BBs 3. [email protected]; pe packing sows, $6.90 Cattle—Receipts, 6000; calves, 1 steers and yearlings in ‘moderate’ SUpBIY} trade steady; largely [email protected] market: early top, 0.65; sprinkling $10@10 on one steers getting ra ty ais

ith on rable choice weigh dull; rat BOs o WV, ut gute! ing at new hig

iso" offerings, ul 5%. BR nie

P—Rece]pts ts, 15,000, inclu diresiey 1 t lambs, ope ihe iow: Thaica: ely ela $6156 Band above; {naications steady to weak

on_shee CIN ATI, 8 aa ls: 100-140 1 [email protected]; good packing

ts, 300: calves but Soil t d 1 § Steady to

$7:

fa ward cry 3G 28 o lower:

250; slow to “sions

5 a

12 diroad

a eip! on Tight & upply, on sales made: loa Tactical top ‘Bu lis, eaters,

88. 0: us suaily disco sas slau hier. ewes mainly $2@3. LAFA Sh Yo op —Hogs—

P.). a I steady; .bulk 150-180 ibs... 3 8: 3% P86. 3%

$8.55; 170-180 1bs.. $8.45; 1bs rR 200- , $8.20: 310-

35; 190-200 25 1bs.. aio: 599-235 Tbs. "* 235-250 0-58 he] 250-269 1bs.. $71.80; 265-315 1bs.. $7.70; 275-285 1bs.. $7.60: 28 300 1bs.. $1.8 50; ; 300- 47 40: 2602250 ie $8.25 down.

fe, Ban dont ouch, a

Jan. 6 P. 0] ES EE 169: 180 Ibs. $8.40: 95250 1 The $7. 95: $7.20! 140 Ibs.. 88. 35

5-10 cents lower: La oe 3 $8.20; 2276. 1bs - [aT 70; 275-300 lbs., $7.45; 300-350 lbs., 00-120 ibs. 50; stags, $5.25; calves, $12;

| lambs, 8.50.

"FOOD PRICES is CHICAGO. Jan. 68 (U YA les— pie duh EE py

win ae

Spinach—' - toes—Cuban, 2 250s. in — Michigan, squ = oe .. “Crions . sacks

ornis lifornia, ha

Best action was in she stock, which | Ch ran principally to plain and medium | gpi

were steady at ‘$12 to $12.50 for good | Gorn Prod

Recelpts = El

—l

Abbott Lab ....

HE idresen a) h.. 19 Ka Jun, P 10% 10% \liog Sten . 18 ! lied Mills .... 13% ed Stores .. oi Can re 14 Purl 1 \mMach & dy dt Am Metal i 34%

\m Rad & 8 8. 127 Smelt is

rmour_ Ill 6 rmourtil pr ot $i Armstrong Ck 4%, ry Gds.

Al 2 4 4 Am 4 Am 4 Am 4 4 4 4 Am 4 4 4 4 4 £ C 4 4 Asso 4 At 4

DHE EE LE REE — i. . .

Bald Loco ct wi 5 Balt & Onle pf. 1172 0 P Barnsdall 4 Beatrice Cr 5 pf 95 Bendix Avn ... 13% Best & Co 31%, Beth Steel .... 62 Blaw-Knox ... 121 Boein, g Alr . 34% 18 . 24%, 9 21% nt

. Bn

FELL 4 HH HH

Budd Wheel.» 2

Callahan Zinc. umet & He bell wy: la Dry .

. >

Cent BR Cerro de Pasco Ches & Ohio . CG WRy pf. CHS Pap pt. & Nw

thE PTs

Chi Pneu T.. - &P .. Chrysler

City Stores ... Cluett Peab .. 14 1 Gas

fii

m Com oivents..

Cons Aircraft.. .

TE ee

Cuba Curtiss wr A..

22% 133, 54%

417% 112%

Deere ® Wid ar 22% & H vee 13% Ca Se

oo 42Y 11212

food to bpd 4 HE EE HE EE

INVESTING CO.S

(By the New York Security Dealers Assn.) B Ask

11.62 12.36 Invest Bank. Corps 3.95 4.35 ¢c Bl 4.00 5.0 D 18.50 20.25 Pin Bs Cp 12. us ° 68 .75| Schillkpf 1.12 2.12

SS Fig £8 js 3 2 1. it 1.27 Sok 904 9.32 T 92° 1.01{Trst St I C 2.24 i Invs 16:20 17.43) Ba 2.16

Inc aa Insti Securities 1d 5 8 157... Bk Gp 11 al B

Group Securit gic Bldg Merch Pet RR Eat Steel

S89 97

1% Month 880 ccoccecscccsscssse

7 Noblesville H Dhio Tel

P Een Pwr 48 Linton Ntl1

- | Van Camp Milk

By United Press.

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS ceseesis . 124.66 cesssssnnssssses 120156 128.15 Year ago ...covec.as veeenes 18LT7 High, 1937-8, 194.40; low, 113.64. High, 1936, 184.90; low, 143.11.

+141 —1.65 +2.85

Month ago .csevscesssesss Year ago High, . 1987-8,64. 46; low, 28.91. High, 1936, 59.89; low, 40.66. 20 UTILITIES Yesterday .... Week ago escsssstcsssssne

ssesssguss snes

Ye | Month REO .ocusoecssssnsase

Year ago High, 1987-8, 37.54; low, 19.65. High, 1936, 86.08; low. 28.63.

41.20 «—0.17 40.43

Yesterday Week ago ..

£0 High, 1937-8, 69.67; ows 38.87. High, 1936, 66.38; low, 51.20.

High Pair Morse .... Ped Mot

Gair Robt Gar Wood Ind.. Gen Am Tr ....

en yoodrich

SELLE + 4 + FE

“oe

raham-Paige. anby

bh 8 =

reen HL

Tey

[alnlnlnlnlalalalnlnin] or -

LH: +40

Harb-Walk .... 22 : au 53%

« 9 ian 2 d ! ass 45% r 9% Hupp Motor ... 1% 1% cme

«sus 10% 140

HHH Tene

. .

Lnter Iron 10%

0: ras #ORESE

Int Shoe Int T&T For.

Johns-Man ...

LOCAL ISSUES

(By Indianapolis Bond & Share Corp.) The following quotations do not represent actual bids or offerings, but merel indicate the approximate market Ileve based on ‘buying and selling Tnauiries or recent transactions. BONDS

Cha oid Tel aa 3 88

H Tol & Tol FLW she Ind Asso Tel 4%s 5 Cees +104 nd i Tel Co 58 7 [n

+H +

.78 18

Pia Aged

* Water Co

Yas 0 Foie Water Works 5s 38 102%

Morris 5 & 10c_ Stores 982 Muncie Water Works - 65 ..102% HI & P 6%s a .100 rv 6s 47 . 98

Tra 5.16 | T H Water Works 58 56

T H Water orks oe 49 Trac Term Co 5s

It Indpls Wi fer 6 ge pa 8% a > e Ins Co com Mallo

N nd SE Co pfd . Pub Serv pfd 6%

9.63 1.00 | N Ind

Union Title Co com Co pid. Van Camp Milk Co com

(By M. P. Crist & Co.)

.68 | xMarket : St. Investment Corp. 22.64

xEx-Divi

Monopoly Is Not Only Cause Of Depression,

= By JOHN T. FLYNN Times Special Writer

NEW YORK, Jan. 6.—It is necessary to keep but one ear and one eye Br:

open to perceive that a state of hysteria has been precipitated by Mr. Robert Jackson’s so-called attack on business. The hysteria is to be found in both camps—in that of the Adminis-

tration and in that of business. First of all, the Administration finding itself in a hole because after all its magic medicine and the expenditure of its many billions the country is going into a depression, is doing what Mr. Hoover did—looking around for a devil. The devil it hits on is monopoly. And so it launches an attack on monopoly as ‘the cause of the depression. This, of course, is not true. There is not the slightest doubt that monopoly and monopoly practices have a share in the depression causes. There is also no doubt that monopoly practices are an indefensible thing in the capitalist system. Nothing will destroy that system quicker than a spread of controlled private monopolies. That is an old truth which economists understand. And it is just as true now as it was in 1933 and 1934 when under the aegis of the NRA the President was trying to make two and three and a dozen monopolies grow where only one grew before.

’ Lists Other Causes

But there are other causes of the depression. The chief one is the failure of investment. The other is the rapid rise in prices, which is due partly to monopoly but chiefly to the fact that the price raising was demanded and encouraged by the President, who by his early policies practically paralyzed all resistance jo price increases. His _Administraion’ s sudden hysteria about monopolies, therefore, is nothing more than a hysterical effort to find a devil for the depression. On the other hand the reaction of ps. | business to the Jackson and Ickes speeches is quite as stupid and hysterical. Mr. Jackson and Mr. Ickes

{have made an attack on monopoly.

But this, businessmen promptly declare with deep emotional fervor, is an attack on business.

lies are there? How many semiS monopolies are there? There are

confuse

What do they mean by this? ‘Do they mean that all business is in the '|monopoly class? How many monopo-

es); (quite a number, but they are few | ". compared with the Yast dase of |

[an attack on monopolies? Do they believe in monopoly? Do they want to foster monopolies? Do they think that monopolies—prive monopolies— should be permitted to flourish? If they do, why do they not say s0? As a matter of fact they are putting themselves in the position of saying so by their foolish outbursts of anger at the President's devil hunt. Meantime, what are all that vast army of businessmen who are not monopolists, who are the victims of monopoly, doing about it? They are being fooled by both sides. would do well to look two truths in the face. One of them is that their interests are not identical with the| interests of monopoly groups. The other 1s that the depression which now confronts them is due to various causes other than mo and

causes honestly.

40.05 | Renn

Loss |X Nat

— 4 3 |] Pacific 4

Flynn Says Faiend |

| Pub. debt .

INDIAN. They Debits

nopoly that they had better deal with those

NEW YORK ST OCKS®

High Low 38% 38%

2 wd 1832

Loft.dng ....q.. Lorillard ... aR 1b

—M— agma 8 4 Pid’ 3 25 ali Lill on

Intyre Por a Mead Corp cane

Miami Cop .... Mident Pet cess 30

Rnhanot Stl Kroger ae

FEE sane

CEE HE

10% 19 i i : 80 “

5Y, 97% 10%

a Otis Elev ..... Otis Steel «... 0%

N Y NH&H . No Amer Bi No Am Avi cons No Pacific ....

HF EH

Hii FEE

RF FERRE

Press Stl 1 pf. . Public Serv .. 32%

i+ +++

Sew

Dib HH

St Jos Lead.. Schenley Dist. . oe an Schulte R Schulte pf .. ears Roebuck. . Sharon S H pf.. ot

a ae

4 CR

FESS SS

Silver-Kin Socony-Vacuum 15 1 Ed 22a

SEFFE

DDI ELL HH SEs

wift & CO ....

40% 14% 11%

fexas Corp ... 40% fexas Gulf Prod 4 fide W A Oil.. 14% Timken R B.... 43 ransamerica .. 11% > fo 13% 13% 22% 22% 26% 8a 40% 3a 30%

6% 60%

= x

Union Carb . Un

an Aircraft Cp. an Li! .

SEF

Fass

PED IEEE EE

Va-Caro Ch ...

NValker (H). ... Nalworth Narner Bros .. arren Bt .e esting es Nheel Steel re Vhite Mot .... Wilson & Co... Wright Aero ..

..103 24% 9%

br He Fl

- pot Sas FRR

Bool Buast ARN

Yellow 40%

Tr Young Sheet

So WS tr Fr

. 41

Zenith Rad ... 14% 14% 14% + %

FOREIGN EXCHANGE

NEW YORK, Jan. 8 (U. P.).—Noon foreign exchange irregular. Cable Net Raies. ha

d d a S0-LB rad) 4 4, 20%

reece Jugoslavia (din ‘0235 New Zealand rand) 434 Poland (zloty) 1901 20! . 0454%5 075 3336 294 0538 24 .5600 3788 3132 2 3363%

rgentina (

0 2zil (unof Irate)

U. S. STATEMENT

WASHINGTON, Jan. 6 (U. P.).—Government expenses and receipts for the current fiscal year through an. 4, compar al

with vu i Sad oo t Yea. > 90 $3.80 600,329, "868. 85

,940,073,59 Rebeipte. 5 “ii ,137, 23. 70 2,198,181,455.76.

Receipts Deficit a3 135. 333 L401 a ”

Work. bak: 3 8.918, "36: 1:308:308.65 fiiaRe ass . 216.241, ‘04. 45 | 22 34a 31 oe Joie s $1,222, ‘hs. hon APOLIS CLEARING HOUS!

,152,000 he 318,000

Colonial Savings and Loan

tion 28 South Illinois St.

Gold res. Customs .

Inact. gold.

$78,000 LOANS SHOWN

Bey Yourself

Again Celtic Pays 39 Dividend

This Is the Week to Plan Your

Write for FREE Savings Bank and Folder Hepluinig INSURED Aesounts.

MOTHER OF TWO HELD IN SLAYING

Police * Charge -She Used Welfare Money to Aid Alleged Killer.

line Sandlin, mother of two small

after the fact in the murder several weeks ago of Edward Maze, filling station owner, in a holdup. Saturday she will appear in Juvenile Court on a charge that shortly after the murder she cashed a Family Welfare check for $38 intended to provide food and shelter for her children, and spent the money escaping Indianapolis with Sam WilSon, who is awaiting trial on a murer She waived examination on the accessory charge today before Judge Charles Karabell. Police said she used the money from the check to buy tickets to Louisville for herself and Wilson. She later separated from him, leaving him in Cincinnati and going to Hamilton, O., where she worked and sent him money for his hideout, they said. Meanwhile, her children were taken to the Board of Children’s Guardian Home and:cared for and a charge of child neglect was placed against her. . Her husband, police said, is serving a sentence for car theft. A neighbor discovered the children were abandoned and called Juvenile Court, attaches said.

TEACHERS’ LEADERS TO CONVENE JAN. 22

Robert H. Wyatt, Indiana Federation of Public School Teachers president, today said that newly appointed committees of the organization would meet here Jan. 22 to organize their work for 1938. A general meeting of the Federation is to be held here March 12, he said.

SHERIDAN MAN HEADS BERKSHIRE BREEDERS

LaRue Wallace of Sheridan, today began a new term as Indiana Berkshire Breeders’ Association president. He was re-elected at the annual meeting last night at the Claypool Hotel. Other officers re-elected were Allen Woody, Thorntown, vice president, and Ralph Poulton, Spencer, secretary-treasurer. .

LAFAYETTE, Jan. 6 (U. P.).— More than $78,000 has been loaned several hundred Indiana farmers under the Federal Government’s new corn loan program, the State Agricultural Committee announced today. Frank Kilpatrick of Frankort, member of the committee in charge of loans, said the money represented

corn.

CLUB TO HEAR PASTOR The Rev. W. N. LaMance is to speak before the Exchange Club during its luncheon meeting tomorrow noon at Hotel Washington. His subject is to be “What Shall We

Twenty-three-year-old Mrs. Ar- |}

children, was held to the grand jury without bond today as an accessory |:

more than 156,000 bushels of sealed |.

Do With Bill, the Modern Boy?”

od caguc

i men : uarters H . Al g er ERE T

Arsenal Bldg. & Loan Assn. Atkins Sav. 4 Loan Assn.

Times-Photo.

This motorist, injured when his car ‘crashed into a truck and then into two trees on State Road 52 south of 38th St. Tuesday, today remained unconscious and unidentified at City Hospital. When he regains consciousness he will learn that police have detained him under $10,000 bond. They want to question him about the plates on the car he was driving and about the contents of the machine,

Weird Patents Add to Spice Of Life, Attorney Discovers

Amateur inventors may not increase the world’s efficiency, but they certainly make it a. more interesting place in which to live, according to Elmer LeGrarid Goldsmith, local patent attorney. Mr. Goldsmith, whose hobby is collecting weird and wonderful patents, produced a few of them at the Lions’ Club weekly luncheon

at Hotel Washington yesterday. Some gadg:sts unearthed by Mr. Goldsmith can be characterized only as spectacular. A transparent glass block, hermetically sealed, to keep around the house for viewing bodies of departed ones; a complicated ' mechanism worn on the head to tip the hat automatically, and a machine for disposing of old razor blades by grinding them to dust are only a few of Mr. Cioldsmith’s many marvels. In 1889, an ingenious locket for depositing used chewing gum was filed with the Patent Office, he said. The invertor of this valuable adornment states in his claim: “Chewing gum may thus be carried conveniently upon the person, and is not left around carelessly tc become dirty or to fall into the hands of persons to whom it does not belong.” Mr. Goldsmith's favorite is an 1870 inventor's suggestion that balls of all types be “flattened at the base” so they will travel in curved lines insteacl of straight.

TRUSTY DISAPPEARS IN DEPUTY’S AUTO

Earl Abbett, county jail prisoner serving a sentence for obtaining money under false pretenses, was still absent ‘‘oday with Chief Deputy Henry Meuller’s auto and another deputy’s $25 which yesterday, deputies said, he obtained under false pretenses. Sheriff Otto Ray said he would investigate the disappearance of the trusty. Th? Sheriff was told that Deputy John Dora gave Abbott $25 yesterday and told him to go to a realty company to pay Dora’s rent.

Abbott took the money and Deputy

Mueller’s car and has not been heard fron officially since, the deputies said. :

BUILDINGS DISPUTE CONFERENCE SOUGHT

Parley Asked With Union And Owners.

Emmett Cox, State Labor Division conciliator, today attempted to are range a conference between attor= neys representing owners of six downtown office buildings and offi cials of the Building Service Eme ployees Union, Local 41. Orval Peats, union business agent, said a strike may be called in these buildings unless the management is willing to enter into negotiations. A previous plan to settle the month-old dispute failed when owners’ representatives charged the union with increasing its active membership roll by stamping paid back dues 6f some members. These members, it was said, had not paid dues. ; Mr. Peats said the union had paid the December dues of some meme bers but declared this did not effect their status as members. The fight over the membership is important in determining whether this union represents a majority of workers in these buildings, the State Labor Die vision said. Buildings involved are the Mere chants Bank, Circle Tower, Undere writers, Big Four, Roosevelt and People’s Bank.

HOUSING FUND PROMISED NEW YORK, Jan. 6 (U. P).— Prederick H. Ecker, Metropolitan Life Insurance Co. chairman, said today the company was prepared to invest $100,000,000 in construction of low-rent homes here.

——

Wh, way yok RENT

Prepare NOW for independent, care-free shelter in future : years. The security of a home of your own can be so easily assured for your family with the aid of one of the associations named below. . . . If you have no down payment begin build- X ing ane in an investment account: Its safety is proven. When

you are ready for your loan,

obtain the help of one of these

associations’ officers. He will advise with you and help arrange

a plan of loan repayment best suited to your financial needs. Regardless of what type of loan you obtain, you will pay for you: home in easy, "rent-like," monthly payments . , « pay J merits made on your home instead of a landlord's. Be your

THE MARTON county.

Indiana Sav.

own. landlord . , . look forward to security in later years.

This Advertisement by Following Members of

BUILDING ‘in ASSOCIATIONS

& Investment Co.

Insurance Sav. & Loan Assn. _Pusples Muttal Sav. & Loan Assn.