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Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17

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Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17

We live in days of revolution, reform.
repentance and searching of souls.
Nothing like Ii In nature, except an
old fashI0raed Baptist revival meeting
La Jackson school house, Fanwood, N.
T.. when one farmer after another
would arise and say, I'm trembling
voice. i lore Jesus Brethren, pray
for me-
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-08-17

Even the New York Stock exchange
~ on the mourners' bench. saying Il
love Franklin ID Roosevelt. and / nm
going to be 4 better boy"
The Indianapolis times., 1933-08-03
BY ELMER c. WALLER
United Press Financial Editor

NEW YORK. Aug. Stocks
opened irregularly higher in mod
crate turnover today, while the dol
lar dropped sharply on further in
fiation talk, and cotton advanced 2
TO 10 points.
Steel issues were in demand with
U. S. Steel at 54. up x, and Beth
lehem 80 =, up as. National Steel
held steady at Il. Rails rose frac-
tons to a point Repeal issues were
mixed in a narrow range. Oils, Cop
pers. motors and utilities we're irreg-
ular in narrow range.
Gold Shares Active
New York Shipbuilding advanced
- 10 l97s on 1000 shares following
announcement that Cord interests
now dominated the company. Colo
rado Fuel was steadier at Az, off =
following its sharp break Wednes-
day on receivership for the COM
pany.
Further talk Of a free gold mar
ket brought activity into the gold
mining group. Experts, however,
were convinced the government
would not permit free gold mar
ket until all immediate government
financing operations were out of the
way.
Firm Tone Held
Trading was dull after the open
ing, bU1 the market maintained a
firm tone. Tobacco shares met de-
mand. American Telephone firmed
up a point to 1855. Steel common
slipped back slightly from the open
ing
The financial community had
varied comment on the latest ruling
of the Stock Exchange 10 prevent
trading in shares on a shortstring,
but the consensus was the move
was a favorable one in that it would
prevent panicky selling that de-
veloped from time to time under the
old system. New accounts less than
$4,000 must be margined up to so
per cent; above $4,000 up to 30 per
cent. The order goes into effect on
old accounts Sept Is.
The Indianapolis times., 1933-08-03
Other Livestock
BY UNITED PRESS

CINCINNATI. Aug. 3. IL Hogs - Receipts.
200 5e4 direct and through; 27e held
10 choice isO-250 lbs. sfso mostly 2sO-
275 lbs. si.5og 4f5; 275-So0 lbs. 81 35a
sS 5o Ss few :, s9o:2s lbs st2'@sS 49,
$50. good packing. sows s3a 3.2s. Cattle
Receipts 725 calves ESQ slow Gener-
ally around steady Palmer grassy kinds
and heifers. s+25Ne: load handyweight
heifers at latter price. common kinds
down to 50 and palmer offerings below
cutters. 81 5ON 80: most bulls. So asa
335: good 10 choice vealers largely $3.50
q $50; palmer kinds. s314. Sheep-Re-
oeipts , 500 Slow. not enough better
kinds to really test market few lots $3.50
Ms, around steady. Palmer kinds weak
10 lower. Most medium s5G 6. common.
slaughter ewes mainly at slGl.50.
EAST BUFFALO. Aug. 3.-Hogs - on
sale. 700 10 l0c higher on weights 1870
TO 2l0 lbs selling S5i0H 525; lightweights
ana pigs slow, under $50 lbs. 81 so down.
fat cows. SO 5Od $50: medium bulls. s275
p 8 Z5> Calves-Recelpts IS: fairly active.
steady: good TO choice ssm65O. cullS. SIS
downward. Sheep-Receipts 900: steady;
choice ewes and wethers active at So. me-
dunn SLOW draCEy. scar: culls. down to
81 good TO choice ewes. si.50N250.
:. LAFAYETTE. Aug. 3--HoR market. 5 10
y.
lbs. 50. i7o-2o0 lbs s425a Sss: i40-i70
lbs, 81. 4oa 3.s5: lo0-l4O lbs. 3: rourhs.
50 p down; top calves s5. TOP lambs 81
PITTSBURGH Aug. 3-cattle- Receipts.
IS; market. steady HoEs-Receipts. 1850:
holdovers. $50; market. active strong:
heavy mixed 2lo-24o lbs s4 Goa 10: me-
diums. ls0-2l0 los s5i5n520 heavy
Workers. s5g 40: light Workers I20-l45
lbs. s4G IS: pigs. 9O-II5 lbs. s3a3.5o:
roughs $50 3.75. Sheep and lsmbs-Re-
eeipts. $500: market. steadv: lambs. good
:. $500 ,; fair to sgqod, $3.50 2.25: ewes.
SIS: few choice SIS so. medium. 81 5Oa5
heayy and thin. 81 sOa ; so
KANSAS CITY Aug g. Hogs - Re-
oeipts. 2.ooo including 320 directs IN
even. steady TO i0c higher than wednss-
DAYS average. top s4.3i on choice. 200
$50 lbs. Light lights. i40-is0 lbs. SO 10
2 40 light weights. 10000 lbs, 90 20
9i25: medium weights. 2o0-250 lbs. s4I5
n 80: heavy weights. 25o-35o lbs SO 90
80; packing sows. $3.50 3e5: feeder
and stocker pigs. s2.75a $50. Cattle
Receipts. 1000; calves. 500; market SLOW.
Stesrs. se.S5. weiehty Colorado steers.
s6f5; steers. good an dchoiee. 550-l. 500
lbs. SIS 25n6.I5; steers. common and me-
dunn. s3N SIS: heifers good and choice.
55o-soo lbs. S475a6l5: COWS. S225G 3.75:
vealers. $50 $50 stockers and feeders. 81
1855. Sheep-Receipts. 25OO slow. prac-
tically nothing sold early. most bids
above s7.2s.
The Indianapolis times., 1933-08-03

covering the same field as the trade
association.
For one thing. a combination Of
employers which did not deal COL
lsctively with its employees would de-
stroy all equality in wage bargain
ing. and would be susceptible Of the
grossest abuses Of blacklisting and
discrimination. For another thing.
one Of the basic principles OF the
codes is that the marginal employer.
who is either weak or unScrupulous.
or both, must not be allowed TO
wreck the standards of the industry.
To maintain these standards ef-
fective unionism Of all the labor in
the field is both necessary and de-
sirable. And, finally it must be evil
dent that If We are to enter an era
of constitutional government in in
dustry, then labor must be repre-
sented in that government.
Now. the fact is that for all these
responsibilities American unionism
today is as badly prepared as are
the great majority OF individualistic
employers. Once before in this
generation the government has foS-
tered unionism and artificially in
fiated it. The unions could not de-
velop enough inherent strength to
preserve their gains and consolidate
their position in American life.
II will be interesting to see what
happens this time when the expert
ment is being repeated. above all
to see whether Aemrican labor will
reorganize its structure, its discip-
line and its leadership enough to be
a partner, rather than a mere bene-
ficiary, in the New Deal.
tCopyriCht 1921
The Indianapolis times., 1933-08-03
Produce Markets

Delivered in indianapolis prices: Hens.
heavy breeds over az lbs. i0c: Leghorns'
&c. Broilers: Colored springers ~ lbs.
up. l2c springers Lechorni IL lbs M.
&c, barebacks SC: cocks and stays. &c.
Leghorn cocks and Leghorn stags. SC.
Ducks. large white. full fearnered and fat
over 1 lbs. &c; small and colored. Sc
Geese. full feathered and Eat. &c. Young
grineas. zoe: old guineas. Sc ERgs-No. j
fresh country run eggs. lie. Each fun egg
OF lOc per ID for each ID. under SIS lbs
gross VIII be made Butter-No. J. 25G 26c.
No. 2. 23 n 24c. Butterfat-i5e. Quoted By
the WadleY Companr.
BY UNITED PRESS
CHICAGO. Aug. Eggs Market un-
settled. prices unchanged 10 i.c lower
receipts. s25I cases: extra hrsts l2i ~
l3 &C: hrsts. i20i27ac. current receipts.
lOi "a II &C; diriieS. 9isc. Butter Marke.
steady. prices unchanged to &C higher:
receipts 1851 tubs: specials. 2ii "a PC.
y, H2o &C: firsts. ls1 i9cs seconds. ITO
lfze, standards 90 &c Poultry Market
weak: receipts. car. p trucks; fowls. 10
q lie, leghorn broilers. l0izc. lcghorns. &c.
ducks. ~ loc;- geese, 7@sc. turkeys, l0g
alc. roosierS &c: broilers llni5c Cheese
Twins. 49,, n 49, c. lognhorns l37.ai4c
Poiatoes-On track rs. arrivals. u. ship
ments. 1888: market slightly stronger Kan
sas and Missouri sacked cobblers. SO 500
30: New jersey sacked cabbers. s3m3i0.
Idaho sacked triumphs s3N3i0: MARY
land barrel oobblers. s425.
The Indianapolis times., 1933-08-03
GRAINS STAGE
SHARP DIP ON
RAIN REPORTS
Wheat, Rye Regain Early
Losses Before Close;
Finish Higher.
By HAROLD +. RAINyILLE
United Press stan Correspondent

CHICAGO. Aug. 3. - Wheat led
grains in erratic fluctuations around
the previous close on the Board OF
Trade today. finishing = TO q. cent
higher The undertone was not
weak but sentiment was mixed.
Buying by mills constituted the
principal support
Rains weakened corn. The latter
grain gained on wheat at one time.
nevertheless Rye was firm through
out tho session. Oats followed wheat
and corn.
Corn Closes Down
At the close corn was unchanged
to 5 cent lower. oats 's 10 = cent
lower. rye p 10 Is cents higher
and barley 2s to 81, cents lower.
Provisions were about steady.
Wheat was nervous during the
morning with the action in stocks
and cotton having some effect. Sup
port was less aggressive. all grains
having a slightly easier undertone.
Liverpool lost ground and closed 4
10 y cent higher. due to higher
sterling Cash prices we're y TO l
cent higher. Receipts were l04 cars.
Rains Cause Decline
Good rains which we're highly
beneficial TO the growing corn crop
accounted for the decline in this pit.
At midsession prices we're cent
lower. The undertone was fairly
firm. but the market recovered less.
Shipping sales were $1,000 bushels
with bookings 10000 Cash prices
we're e to II cents higher. Re-
ceipts were "a cars.
Oats showed a good undertone
and recovered most OF the morn
ing's loss At mid-mCrning. how
ever, the market was - to ?, cent
lower with corn Trading was less
active than in other pits. Rye was
strong. >, TO q cent higher early.
Cash oats was unchanged TO cent
higher. Receipts were Il9 cars.
The Indianapolis times., 1933-08-03
DEMAND
SENDS P0RKER
PRICES LOWER
Cattle Mostly Steady With
Previous Range: Sheep
Unchanged.

Following early inactivity. hogs
settled down in a range 10 TO 25
cents lower than Wednesdays sv-
erage at the city yards this morn
ing The bulk, 160 TO 275 pounds.
sold for s445 to s4.55, a few held
at $3.50. Weights of 275 to 325
brought s4l5 to s435. Extreme
heavies sold for 81 and less. Light
$40 to FOUNDERS brought s365 to
$3.50; 100 TO 140 pounds, S275 to
S3.25. Packing sows were TO be had
at SO TO 1855. Receipts were esti-
mated at 1000 Holdovers were BAG.
In the cattle market slaughter
classes were mostly steady. Several
loads of choice steers were sold at
81. The bulk Of steer sales was
made around Sc. Top on heifers was
s5.75, others s425 to $3.50. Common
grades sold down TO SO. Cows
brought s275 to $3.50, a few up 10
81. Receipts we're 600. Vealers were
steady at S6 down. Calf receipts
were 500.
Lambs were steady, selling mostly
at SITS down. Top price was So.
Culls and throwouts were hard 10
move at So 10 $3.50. Receipts were
300.
Asking was generally higher on
all hog classes at Chicago, with bids
steady at Wednesdays average. For
270 to 290-pound weights bids were
around $3.50. Asking was above
s4,75 for light and medium weights.
Receipts were 10000, including 1000
direct. Holdoyers were 1000. Cat
tie receipts were 5000; calves, 1900;
market steady. Sheep were un-
changed, with receipts Of 5000.
The Indianapolis times., 1933-08-03
new RULE HITS
THIN MARGINS
Customers Men Also Feel
Effects of Exchanges
Order.
By United Press

By United Press
NEW YORK, Aug. 3. Drastic
measures designed to curb marginal
buying and wildcat" speculation in
securities were approved Wednesday
by the governing committee Of the
New York Stock Exchange.
The new regulations, which brok-
ers believe will curtail trading on
thin" margin by small spectators,
were contained in an order TO
brokerage firms to increase their
margin requirements.
The Exchange will require a mar
gin of 80 per cent on any debit
balance of more than $1,000, and a
minimum margin of so per cent on
all debit balances under that figure.
Additional margin requirements will
be imposed on short positions and
on stocks selling at low prices.
In the past, most brokers have
demanded 25 per cent margin on
average accounts.
In addition, brokerage houses
must file weekly reports of any in
formation they may have of the
existence Of pools, syndicates and
Joint trading accounts.
Should the Exchange deem any
such action unsound. it will take
action against the broker under its
constitutional powers.
The Exchange also barred the So
licitation of margin accounts in
customers homes and issued orders
prohibiting the payment Of expenses
incurred by customers men for the
entertainment of patrons.
In another order, officials of the
Exchange fixed substantial"
minimum salary to be paid Gus
toners men. During tl> past three
years salaries of these employees
have ranged from s35 TO s1OO week
ly in most brokerage firms.
The Indianapolis times., 1933-08-03

SAs "
question likely is to depend should suppose. upon
whether American labor leaders are capable OF utiliz
ing the opportunity and meeting the responsibilities
which the National Recovery Act is creating
Once before in years the status Of labor and
of labor unonism improved greatly by government
action This happened during the and just after it.
Not only wages greatly increased but So too was
trade union membership. According TO Dr. Leo VOL
mans estimates which the most authoritative in
this field there about $500 COO trade unonists of
all kinds in 1916 In 1920 there were little more than
100000.
Unionism almost doubled in strength in the war
period. Conditions were favorable. On the one side
there was shortage of labor from the stoppage of
immigration and the enlistment Of over 100000 men
The Indianapolis times., 1933-08-03
CHICAGO FRUIT MARKET

CHICAGO. Aug. 3-Fruit and veeets bic
quotations Apples-M,chiean duchess and
t.anSpareufs buShel. 50cgsl 10 Illinois
@ao 4nclAna Weelthies buShel. SiI5N las
CherrieS-Michigan south 7scgsI as:
sweet Slti IS Blueberries- Michigan
- @oH IS. antalcupcS-Tndian 50 q aOc.
tistS. .of soc. Illinois. 5c-l 6oc flats asa
sec Miehigsn. 4oess 81 IS Capiiflower-
lAno!S, S0u soc CarrotS-Tll.noiS Ia a
&c Lettuee-WeStern So son IS. Ili.-
SNcum oerS-lllinois and MichiEan 50fi 7Sc
bsans- Illinois and Michigan 7Se q 81 Is.
y MMiehiean ilmaS 7scnsi. corn-Illinois.
ta1 hac Tomatoes Illinois soc Il 81 IS:
Michigan sc 81 IS Peaches-TlIirois
5esseL So IS. Bee,s-Illinois. iG2c
CaocAse-I Illinois s2M275 Ceierv-M.chi-
gan. 30 soc. PerrerS-riirols-- sf1I Is
Cnlnn market Calfornia-yeliovs bush
q. 81 10. whites huShel 81 6sfi7S. Iil!-
sS.S sse yeiioWs. eS17Se. Iowa yeiiows bushel.
The Indianapolis times., 1933-08-03
STOCK SHARES
SHOW GAINS IN
UNEVEN TRADE
Dollar Drops Sharply on
Initiation Talk; Steel
Rises.
Average Stock Prices

Average OF thirty .ndustrials wednes-
eag. high. ss27. low si97 last s4s4. up
2.l4. average OF twenty rails. 1872. IS %
= s. Lp 80. average Of twenty utilities
81 - IS 81 70. ID OF. average OF forty
onds sos. OF 0.0s. average OF ten
hrst rails BASS. OF 0l2. average OF ten
second rails 75S2. I'd oil. average Of
ten utilities s5 o6. I'D O0a: average Of ten
incustrials s7B7 of "a
The Indianapolis times., 1933-08-03
Deaths

william Fischer. IS. 2s3 North War
man. cirrhosiS of liver
Dolores Wether. 10 DAYS. city hospital.
Peter Mohr. ~ $50 South Gale. arterio-
ScieroSlS
joseph Morris rs citv hospital. csrdio
vascular renal disease
George z. Schuttler %. 3lo6 Carson.
PARALYSIS
Sarah L Nlblaek. SIS. LonE hospital car
Charles Wagner 20 1884 Chester cere-
hral apcplexv.
The Indianapolis times., 1933-08-03
In the Air

Weather conditions at 9 a. m:
Southwest wind. Is miles an hour;
ceiling, estimated 1900 feet: Wis
ibility, I miles: general conditions
high. overcast and lower. broken
clouds: temperature. rs; barometric
pressure 1892 at sea level.
The Indianapolis times., 1933-08-03
Births
Bows

York es' "e"
George and Merle HOLE Methodist hos
George and Atlline Smith. Methodist
George and Catherine Shields. Methodist
William and Elsie TeSeler. Methodist Eos
pita!.
Girls
Charles and Ruth Watkins. Methodist
hospital
Walter and Dsisy Freyn. Methodist hos
Dave and Sarah Eskenozi. Methodist hos
p.tal.
Twins
Floyd anc Margaret Leslie 646 Birch.
bows.
The Indianapolis times., 1933-08-03
indianapolis Cash Grain

Aug. =
The bids for car lots Of grain a. the
call OF the indianapolis Board OF Trade.
{ o. b. shipping point basis 4lis New
York rate. were
Wheat Strong: No, red, ssassc: No.
red So 8Sc. No hard. &c "a oac
Corn-StronE. No. white. 49N SOC: No.
white. 90 n 4oc No yellow 4s440c:
No 3 yellow. ~ $50: No. mixed. ASA
sec No. 3 mixed. 44f45c.
Oats--S'rong. No. ? white. 34d Csc. No.
white. 81 sac.
Hav-stcady CF. o b. country points
taking % &C or less rates 10 Cincinnati or
Louisyilie No. timothy. ss7,6.50. No.
timothy. IS 5006.
-TnsDections-
Wheat-No ! red. cars. No. I mixed.
! car. No. mixed ! car. sample. ! car:
total. cars
Corn-No ? white. car: No yellow
J car. No. 3 yellow. cars. No. yellow,
/ car. total. 5 cars.
corn-No , white. cars: No. white.
I cars. total. n cars
INDIANAPOLIS WAGON WHEAT
City grain elevators are paving as cents
for No. 2 soft red wheat. Otner grades
on their merits.
The Indianapolis times., 1933-08-03
Today and Tomorrow
Permanency Of Labor and Pay Increases Under NRA
Watched by Industrial Experts.
By WALTER LIPPMANN

labor conditions
astonishing the hours
through
They bound themselves permanent improved
is
industry
lenc and the expedieny public
The Indianapolis times., 1933-08-03
Other Livestock
BY UNITED PRESS

EAST ST; LOUIS. H.. Aug s.-Hoss-
sasE iGS 1876 81 Ds ouk "a asS so '' o6S $50
lbs. 50 50a $40: sows. $500 $50. Cattle
Receipts. 1000: calves. 1000: market
sales, fed mixed yearlings and heifers
active. strong; cows and vealers steady:
sausage bulls not. moving. early sales
mixed yearlings and heifers S6n $50: heif-
ers at the top. cows. s250d 325: low cut
tors. $500 IS: god and choice vealers
s2o 2d cbaics bagSnr & 5s steers 9Sg Ss good
dium. s325a $50: i .iOO-i 500 lbs. choice
s6.50a7; good s5.751 q $50: medium. s45osr
SIS. sheep-Reeeipts. $500; market no
lower: mostly SIPS down for desirable
lambs: .holding. better lambs. above so:
n IT'S. common and medium. s350d6.75:
vearing wethers. 90-il0 lbs good and
sn9 Choice fS2S sqSS a %esRs Pi do@ sDDa
mon and medium. sla2 .
.,,. Fl WAYNE 5s5SIs aug 3@HOg%Esseigts, Tss
$3.50; 10000 lbs. s4.55; 3oo-55e lbs. si35.
isSi1e S os 9: ss7s $40 soi4o soso 6s es sss oso
SIS lambs $50. cattle-s,eady, un-
changed.
By Times Speci1i
LOUISVILLE Aug Seattle Receipts.
Weak ed 6s qnae N an al Al 9S ss
prices. all COWS AT seasons low: bulk bet
ter grass steers and heifers. s+G4 so. plain
kinds down to SO or less: fed offerings
Quota BILE s4.75a5.75 bulk beef cows. 81 IS
q IS: low cutters and cutters. si2512.
bulls. 50 rs down. most stockers. 81 down:
better western stock calves eligible
around s5.25. calves 800. including IA
stock calves. vealers. steady. bulk bet
ter grades s8G450 medium and lower
grades. $3.50 down sharp discrimination
against heavy grass calves hogs. 1000.
weights. i95-275 lbs. l0e lower. others &c
OF. 1925 lbs. $3.50: rs lbs. I'd. 81 10:
l40-is5 lbs. 50 so. 40 lbs. down. 81 90:
sows. Sass Stags 81 80: sheep. 1900:
market not established undertone weak.
most sellers holding for steady prices.
bulk better lambs Wednesday. sra so:
some choice s7.75: stock ewes steady and
moderately active. bulk better kinds S6l
T.50 Der head. receipts Wednesday. cattle,
2l8 calves 393. hogs. ! .o02. sheep. 1895.
enis-Wednesday cattle. 81 calves.
2i2. sheep. is45.
The Indianapolis times., 1933-08-03

Int'1. Harvester
Johns Manville
Nat. Biscuit
Pub. S. of y. J.
Sears Roebuck
Stand. OF ~. j.
Un. Aircraft
L. S. Steel
Union Pacific
Westinghouse
The Indianapolis times., 1933-08-03
Chicago Futures Range
CHICAGO CASH GRAIN

UW z TTTTT v IHH
CHICAGO Aug. Cash grain close:
Wheat-No. l red 96 ~ 9sc No red. 94st
n &C. No. red 0oo No ! hard. 95IsGl
99iac No. ? hard 94i7 97c: No. hard,
81 &c: No. ! yellow hard 9ia csc: no.
96isc Corn-No mixed. 52m52i,c: No.
2 yellow. sl'tn s3c No. yellow. 49c: No.
yellow. 5in5li &C. No yellow 47c: No.
! white sac No white. 53as asG54c. sam
pic grade 43tic Oats-No 2 white. 80
~ 3si &C No. white 351a "a sac. No
white 35M36itc Rve-NO sales Barley
460 zoe. NEUTRALITY-SUSPICIOUS.. cloyer-ss
ml250.
The Indianapolis times., 1933-08-03
INDIANA STOCKS
AND. BONDS

The following quotations do not rep
resent actual bids or offerings. but merely
indicate the approximate market level
based on buying and selling inquiries or
recent transactions.
The Indianapolis times., 1933-08-03
ARMOUR AID COMPANY

TINE Board of Directors of Armour Company Qninois
- has approved and submitted stockholders,
August a. l933 Plan for adjustnent simp6aion of
the capital structure of the Company Holders of very
number of shares already approval
by sending in their proxies
The management believes that this affords
of stockholders real opportunity materially
financial structure of their Company and doing
themselves position directly froms
improvement
In order that this Plan be adopted, important
the stock of the corporation be
the meeting be held
holders of voting certificates yet sent their
proxies therefore urged TO do
Full details with respect the Plan
tanned the Presidents July enco-
copies of which will be mailed upon request.
ARMOUR And COMPANY
I.
UNION STOCK
CHICAGO ILLINOIS
residing sebieb H S b-s
The Indianapolis times., 1933-08-03
aug =
STOCKS

SIOCkS
Belt Rail & Stock Yards. com. 7s 30
Cent Ind Par pid 7ee........ II u
Cent Ind Pwr p.c 5rs...-.. y
Citizens Gas rom .....--.... ~ II
Citizens Gas Co pfd 5ee.. 90 e.
Home 4 7 r. wayne pfd ~ IS 20
Ind a. Mich Elec Co pfd re-. 10 -
Ind Gen Service Co prd 6Gs... IS 60
Ind Hydro Eiec CO 10 ...... ~ 30
Incpis Gas Co com .......... 40 ~
Indpls Pwr 6c II pfd ecc.. 81 IS
Indpls Par 6S Il pfc 6ize-.. 6S 20
No Ind Pub Serv Co pfd c. IS 80
No Ind Pub Serv Co ptd 5izcs 80 81
No Ind Pub Serv CO pfc re. 81 ~
Indpls water CO pfd 5rs...... 90 90
Ind Pub Serv Co O. ........ asa 5eiz
Public Serv Co Of Ind ptd 81 II u
Public Serv Co OF Ind ptd : e 3s 20
South Ind Gas & z pfd ses.. So 50
Terre Haute Elec pfd 6ee...... % 81
BONDS
Belt r r & Stkyds ~ 1880. IS %
Citizens Gas Co 5s 1912. ... 81 ss
Home T d " 5izs 1855 .... So 100
Home T & T W S. 1913. 90 lo2
Indps Gas Co SIS 1881 ........ IL ~
fndPis ndPs Wa ws,eT me GO . 4ss 1870 sss 1861
Indpls Water Co IS 1860 -. % 81
Indpls Water Co SIS 1870. . e2iz s6is
lndpls water Co 5i7s 1888. 100 103
Indpls Water Co 5izs 1854. . 100 JOB
Kokomo Wat Works. SIS 1885,. 70 80
Lafayette Tel Co SIS I957... So 81
Muncie Water Works SIS 1888. 92iz 96i2
Richmond Water Works 1857. Sfis 80
Terre Haute Wat wK SIS 1886 e4iz ss
Terre Haute Wat wk IS 1919. 93i4 s7i4
Traction Terminal Co SIS 1857 As 4s
The Indianapolis times., 1933-08-03

te army On other
to produce supplies However those
Washington which
vorabe labor
The Indianapolis times., 1933-08-03
DEYoND these five industri,

DEYOND these five industries
ID trade unionism is almost negli-
gible. Since 1920 the metal unions
have lost three-quarters of their
members and the miners about one
quarter AS DR.. Wolman and Mr..
Gustav Peck have pointed out re-
Gently, the basic industries of iron
and steel, food packing, automobiles.
rubber products. chemical and cleo
trical products . remain free
from unionism altogether.
This record of the rise and de-
cline of unionism is well worth re-
membering as the NRA experiment
proceeds. For it must be clear. it
seems to me. to any one who thinks
about the codes, that a cooperative
system of employers in an industry
would neither be tolerable in the
long run nor workable unless there
were a strong. representative and
intelligently led labor organization