davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
SALES OF FARM
MACHINERY TO
CONTINUE RISE
1885 High Level Expected
to Be Maintained in
Current Year.

Times Special
NEW YORK, Feb. 22.-With high
farm prices and increased income
as favorable near-term factors,
sales of farm machinery should
continue at their present high level
during 1886, according to a survey
of the agricultural machinery man
ufacturing industry issued today by
Poor'S Publishing Co.
The forecast points out that the
longer-term outlook is necessarily
obscure due to unpredictable crop
conditions and the ever-present
danger of agricultural -produc-
ton.
From low of $117,O00,0OO in
1882, domestic sales of farm equip
ment rose to an estimated $3.50, O00,-
900 in 1885, a return to rs per cent
of the industry's average operating
rate for 1928-29-30. However, it
must be recognized that the re-
naming Is per cent climb back to
normal may be harder to negotiate
than the ascent to present levels,
Cne survey SHOWS.
Rural Buying Gains
1.-THE recovery of domestic farm
machinery sales has been due to the
sustained rise in rural purchasing
power over the past two years; the
farmers realization that power
farming is necessary for low cost
production; the scarcity of horses
and high cost of feed, the develop
ment of the small tractor, widening
the market for power equipment,
and the obsolescence Of implements
now in use.
The wearing and rusting of farm
machinery have been chiefly instru-
mental in bringing about the sharp
recovery of sales. ObsoleScence
fastened by introduction of new
types of equipment, has also played
an important part. Small, one
pillow tractors, selling at IS per cent
of the cost of the larger units, have
proved an attractive investment for
the small farmer, thus creating new
markets for the agricultural ma
chinery industry.
On Jan. l, 1880, there were 903,-
OIL tractors on farms in the United
States, almost double the number
that there were five years earlier.
BY 1885, this had risen to 1,123,251,
an increase of % per cent.
Tractor Sales Squirt
The relative Importance of trac-
tor sales to agricultural machinery
manufacturers was clearly demon
strated last year when 40 per cent
of the industry's total income was a
direct result of tractor sales.
The Supreme Courts nulliflca-
ton of the AAA is not expected to
change the sales trend of the agri-
cultural equipment industry. Pur-
chase of farm machinery character
istically are made on the basis of
the existing cash position of farm
ers, rather than on their prospec-
tive income.
Since the government is going to
carry out it's contracts calling for
payment of $3OO,0O0,O0O to farmers,
their cash position will be improved.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
u. s. AGENCIES
TO ASSIST WITH
HOME BUILDING
Hopes to Speed Recovery
of Durable Goods
Industries.
Times Special

Times Special
WASHINGTON. Feb. 22.-The
Federal government intention to
deal with the current housing short
age, through the agencies directly
concerned with this problem, is ex-
pected to result il considerable en-
phasis on large scale housing activ-
ity of the Federal Housing Admin
iStration, it was announced today.
The need of speeding recovery in
the durable goods industry through
modernization of real property and
the establishment Of single mort
gage system of home financing, thus
far has served to obscure the large
scale housing movement of the Fed
eral Housing Administration.
Insures Mortgages
Apart from insuring home mort
cages, the Administration also in
sures mortgages on large scale hous-
ing developments that are privately
owned, operated and financed.
The general policy of the Hous-
ing Administration involves three
main conditions in this respect.
First, that the project provide hous-
ing for persons of low income; Sec
ond, that it be such as to encour-
age improvement in housing stand
ards; third, that it be economically
sound. Beyond that, another con-
dition, imposed by the facts and cir
cumstances where private limited
dividend corporations are concerned,
is that the project be such as to
promise a reasonable return to the
private funds supplied in the form
of equity capital.
Strict enforcement of standards,
proof of the need for the project in
the proposed location and economic
soundnesS, probably served to elm
mate a great many of the projects.
Improbability of financing eliminate
ed others.
Rental Costs Low
The large scale housing project,
according to Miles L. Colean, head
of the Federal Housing Administra-
tion's large scale housing division, is
not necessarily one calling for apart
ment house construction, although
this is the type likely to be proposed.
The Federal Housing AdminiStra-
ton, he said. can insure mortgages
on groups of single family, multiple
family or row houses provided these
groups of dwelling can be so organ
lied that a single mortgage can be
given on the entire group and that
the group may be managed and OPP
Grated as a coherent enterprise
throughout the life of the mortgage.
A point deserving of special en-
phasis, Mr.. Colean said, is the de-
STABILITY of organizing projects to
provide accommodations at the low
est rentals consistent with sound
operation. Generally speaking, the
lower the cost of the accommoda-
tons, he said, provided in structures
of adequate standards, the greater
the fundamental economic soundness
of the undertaking.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22


Two of the numerous campaigns
for the job now under way center
around subordinates of Mr.. Nc
Carl. One is Charles M. Galloway,
a counsel to the controller gen.
eral-South Carolinian, Democrat,
former newspaper editor, and for
mer Civil Service Commissioner.
Another counsel in the contest is
O. r. Mcclure of Louisiana, who
has been with the General Account
ing Office since its establishment.
Other candidates, on the border
line between "avowed" and "recep-
tive" include several members of
the Senate and House.
Services Are Praised
A bill amending the present law
to permit reappointment of the
Controller General was intro
duced last year by Senator VAN
denberg CR, Mich). 1t was re-
lGTTSu W GllC OClldCC L A11dA1SS OOAil-
mittee, headed by Senator Harri-
son Cd, Miss, an Administration
wheelhorse. There is said to be lit
tie probability that the bill will ever
reach the Senate floor.
Mr.. McCarl has been the No. /
mo man" under the Roosevelt Ad-
ministration, insisting on 1.-The let
ter of the law" in expenditure OF
funds appropriated by Congress.
His services have been praised by
numerous members of Congress.
Senator Glass Cd, Va, chairman
of the Senate Appropriations Com
mittee and a stickler for safeguards
in government spending, favor per-
hitting reappointment.
Rep. Cochran Cd, Mo-, chairman
of the House Expenditures Com
mittee, recently told the House that
Mr.. McCarl has been absolutely
fair and just to all" although "he is
Republican, was named by Re-
publican President, and confirmed
bv a Republican Senate"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
PRODUCE TRADE
SEEN IMPROVED
Current Shipments Still IS
to 20 Per Cent Under
Year Ago.
Times Special

Times Special
WASHINGTON, Feb. 22.-Milder
temperatures in the Midwestern
district during the last week re-
suited in better trading conditions
in the majority OF wholesale pro-
duce markets, according to the
weekly report released today by the
Department of Agriculture.
Much of the accumulation of
stocks damaged by frosts were
moved before the middle of the
month and fairly good demand
developed for nearly all lines, it was
reported.
An increase in potato prices, to-
gether with an improved demand
and an increased movement OF
apples from cold storage, featured
trading during the week. Supplies
OF produce have increased, both by
motor truck and rail, in the south
ern district, while many northern
points report movements at a
standstill.
Shipments increased approx
mately 10 per cent during the Sec
ond week of February, and have
continued fairly active. Currently
they are Is to 20 per cent lower
than at the same time a year ago
Recent gains we're conspicuous for
western potatoes, apples, oranges
Texas cabbage and spinach. but
most were small to moderate, ex-
cept in potatoes. They decreased in
the Great Lakes region because OF
bad weather conditions.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
DIESEL CONCERN TO
BUILD new PLANT
Cummins Engine Co. Out
lines Expansion Program.
Times Special

Times Special
COLUMBUS, Ind, Feb. 22.-In-
dustrial prospects for 1896 were
frightened here today by announce
ment that the Cumrnins Engine Co.,
Diesel engine manufacturers, will
soon construct new building. to
house experimental laboratory units.
Purchase of a three-acre tract,
situated near the factory's main
plant, was disclosed by c. L. Cum
minis, company president. Construc-
ton work on the new building, he
announced, is to begin as soon as
weather permits.
The new experimental building,
steel frame structure IS feet long by
80 feet wide, is to house research
laboratories, several offices and a
well equipped machine shop.
Transfer of all experimental work
to e. separate building, Mr.. Cummins
stated, was deemed advisable be-
cause present factory space is taxed
to capacity by production activities
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
SWINE VALUES
REMAIN STEADY
Cattle, veaIs Scarce and
Unchanged in Dull
Trading.
q 1885, MA

With only a few buyers on hand
today at the indianapolis Union
Stockyards, porker prices remained
unchanged at yesterdays best av-
erage. Receipts, which were esti-
mated at only 1000, marked the
lightest supply received at the 10
cal exchange for more than a week.
Livestock markets throughout the
country remained open for business
today despite the closing of all ma
jor stock, bond and security ex-
changes in observance of Washing
tons birthday.
The general bulk of 100 to 225
pounds, cashed in at $1,000 to
$1,000. The latter continued to act
as top price and was the lowest for
the week. Medium heavyweights,
scaling 225 to 260 pounds, sold at
$1,000 to SLOTS, while 260 to 1926
pounds, brought $40 to $1O.35. Light
slaughter pigs, from 100 to 16O
pounds, were salable at 1925 to
1915. Packing sows held at 1878 to
1925. Holdovers numbered 40.
The cattle market was scarce and
unchanged with no sales reported
Compared with a week ago, beef
steers were steady to easy. Strictly
choice and better grade steers were
absent. Heifers were steady to strong
while COWS and bulls were strong tc
higher. The bulk of heifers ranged
from $5.25 to $6.75. Receipts were so
Vealers and lambs also were
'oarce with prices steady. The ma
jority of vealers, selling around
$11.50, were largely So lower than q
week ago. Receipts were so. With
no lambs available, the market was
steady to slightly lower for the
week. Bulk of fed Western grades
ranged from $40 to $1025.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
BANK CLEARINGS SHOW
INCREASE FOR WEEK
Total Reported at 1854, $4,000,
Gain of is Per Cent.
BIZ United Press

By United Press
NEW YORK. Feb. 22.-Bank
clearings in the United States dur
ing the week ended Feb. 10, amount
ed to $5,647 $4,000, compared with
$5255,517 900 in the corresponding
1885 period an increase of rs per
cent, Dun 81 Bradstreet, Inc, an
nounced today. In the preceding
week, the increase amounted to only
% per cent.
Clearings at New York City
showed an increase of So per cent
during the week, while centers out
side reported total of 81 1892, 811 900,
a gain of 107 per cent over the to-
tai for the same week of 1885. All
cities, with the exceptions of Rich
mond and Omaha, reported gains.
The percentage of increase in in
dividual cases was lower. however,
than i'll recent weeks, it was report
ed. The largest advance appeared
at Seattle where a gain of 1872 per
cent was recorded. Chicago was
second with an increase of 23.1 per
cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22

w. L. Lyons & Co., members of
the New York Stock Exchange,
announces the opening of their
indianapolis Office, here Monday.
The offices, 512-514 Circle Tow
er Bldg, are to be managed by
Russell w. McDermott (above),
who recently resigned as manager
of Abbott, Proctor and Paine.
One of the oldest financial in
situations in the South, w. L.
Lyons & Co. was established in
1878 in Louisville, Ky. Three gen.
erations of the family have been
actively connected with the firm.
Mr.. McDermott said his COM
pany would engage in general
stock business.
The company, Mr.. McDermott
stated. holds memberships in 9TH
er leading stock and commodity
exchanges in the country.
Mr.. McDermott received his
training with Halsey-Stuart and
was manager of Fenner-Beane
when the latter merged with Alb
bolt, Proctor & Paine about year
ago.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
Other livestock
(By United Press

CHICAGO. Feb. 22.-HogS-ReceiptS,
1000, including 5000 directs; unevenly 10
to Is cents lower; top. s10.35; bulk, $780,
$50 lbs. s1o010.25; 26o-32a lbs. So IS a
1915. Cattk-Receipts, 500; calves, 700;
compared with Friday last week; strictly
good and choice medium weight and weighty
Steers strong to Is cents higher; all other
heavies and all grades light steers and
yearlings uneHenly Is to so cents lower;
ter grade heavies. S10.50Gl1.50; practical
for yearlings, SLOTS: best fed heifers,
So so: heifers, $3.50 cents lower; cows So
rs cents lower: bulls, Is to IS cents low
er; vealers. s., 50G2 of; weighty sausage
bulls at s7@7.25: practical top vealers,
s10.50. Sheep-Receipts 1000; compared
with Friday last week: fat lambs and
yearlings mostly % to IS cents lower:
aged sheep strong: feeding lambs mostly
IS cents lower; weeks practical top
slaughter lambs. s1015; good to choice
offerings to larger interests. s975GI0;
scattered throwouts, Sa.5069.25; fed west
ern ewes. S565-S5: native ewes, S46525;
occasional loads feeding lambs. $500.
9.65.
LAFAYETTE, Ind, Feb. 22.-Hogs-Mar-
ket steady TO l0c higher 170-2l0 lbs,
si0.55G 10 so; 2l0-235 lbs. 0.40G 10 so;
235-260 lbs. s10.20Gi0.30: 260-325 lbs.
ss.70al0.l0 140-i70 lbs, sl0Gl0.25: 100
l40 lbs. $s.25G9.75; roughs. s9.25 down;
calves, $40 down; lambs, $3.50 down.
FORT WAYNE, Ind, Feb. 22-Hogs-
SC lower: l60-l80 lbs, sl0.55; 10000 lbs,
Sio.45: 200-225 lbs. s10.35; 225-250 lbs.
sl0.25: 250-275 lbs, SOTO; 275-300 lbs,
sl0.05: 300-350 lbs, s9.70; 140-l60 lbs,
5000; l20-l40 Ihs.s 1886.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
On Commission ROU

fluctuations below subject to change are
average wholesale prices being offered to
buyers we II16 BY LEGAL commission dealsrsJ
lSc; 36-pint crate TIC. .Cranberries. c. C.
Howes, Eatmores, 25-lb. box. s2.75. Pears:
washington DAnjo COOS boSl,. $s.25;
fornia Avocado t2oo-24sl, $3.50. Grapes:
chesD. $3.50. Lines: Mexican carton
Dates: Fresh Arizona $50. Bananas,
seven hands, pound 4l9c. Apples: Delicious
fancy baskets. sl:75: Jonathans, $50;
Texas seedless Cs4s-sosi. ss.7s. arizona
s sunk .sosp: s.. Tanserines' Florida
tdoz),, sl.15. Beans. green. round string
less ,hamper' ss25 seets; Texas g
Cabbage. New York Danish lso.lb. bagl.
soc; New Texas (cratel. sl,35. Red cab
bsgs tSO-lb; bag), g; Carrots. California
SITS fEs'e busSs siss SaS cauifios aeT
Florida washed and trimmed idozl. soc
cucumbers, dollhouse (doz.l, sl.s5; south
Idozl. $50, Kale Virginia bushe,. eoc.
$50: ho@e 0s grown a Ieaf tls o' baskets,
81. Endive. California (dozl, .soc.
Peppers, manages tcratel, 81: peck bas-
ket. Sl25: (doz.l. 45c. Mint. dollhouse
,,dozl, 7Ss; Mushrooms tpoundl; soc
ndans yellov so SlSn bas 5s' .,as hif fn
diana yellow uo-lb. bag, csc: Western
home grown ldoz). 40c. Parsley. southern
Oong punches dozl, 45c. Parsnips home
grown washed (bushell. 81: thalf-busheD.
soc. Peas, Florida !hamperl, ,s2;7s. Pota-
toes. Michigan Round Whites fl00-lb. bagl.
81 Maine Green Mountains fl00-lb.
bag). sass; r. r.. Early ohios ii0o-lb.
bsgl. 50: r. r. Cobblers (1o0-lb. bagl. So:
Idaho Russets (loo-lb. bag. s2.40; Idaho
bakers (70s boxl, So. so: Col. McClures (io0-
10. bagl. s220: New Texas Triumphs go
70, bagl. s2.i5. Sweet potatoes. Indiana
Jerseys Us bushel. $3.50: mediums
thampsr). Sis: Southern Porto Ricans
grown buttons tdoz.l, 45c; white. 4oc.
Rhubarb. dollhouse tbunchi. soc. Ruta-
bagas northern l50-lb. bagl, 85c. Sage
tdozl; 4sc, shallots. Louisiana tdoz;i.
45Q50c. Spinach, New Texas (bushell,
sbushen, $50, Tomatoes repacked TO-
10. boxl. si.4o: original Cuban l3o-lb.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
BnSigrubhS
NEW LIFE INSURANCE WRITTEN
ASSN DE- LIFE ms. pREsloeNTs) :.

Total life insurance written last
December, while ahead of Novem-
Der, did not increase equal to the
seasonal amount, and was per
cent under that written year ago
The drop was in the amount of
industrial insurance written which
declined 81 per cent, while ordi-
nary insurance was only slightly
less. In Defender the average or
binary policy was written for $780,
or $50 more than that of year ago
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
INVESTMENT FIRMS
EXPENSE RATIO OFF
81 Companies Show Decrease of 80
Per Cent in 1925.
Times Special

ItmeS SpeCtub
NEW YORK, Feb. pa further
decline in the ratio of expenses and
taxes of 81 representative invest
ment companies to their aggregate
net assets was reported in 1895, &C
cording to a study prepared by Dis
tributors Group, Incorporated, which
shows a drop from 0.87 per cent in
1884 to 0.SO per cent in 1885.
The recent peak in the expense
ratio was recorded in 1888 when it
amounted to 100 per cent. While
the ratio declined in 1888. actual
total dollar expenses and taxes in
creased by approximately 1615 per
cent, from $3.646, 700 to $4,273, 400.
The decline in the ratio in the
face of the increase in the actual
expenses is accounted for by the
fact that aggregate net assets in
1885 averaged higher than in 1884.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
SHELL UNION OIL CORP.
SEEKS BOND LISTING
Registration Statement Filed With
Securities Commission.

Times Special
CHICAGO, Feb. 22.-The Shell
Union Oil Corp. has filed registra-
ton statement with the Securities
and Exchange Commission covering
an issue of s6o,000,o0O 31a per cent
15-year debenture bonds to be Of
fered by group of underwriters
headed by Dillon, Read & Co. and
Hayden, Stone g. Co., it was an
nounced today by j. G. Van Eek,
chairman of the executive COM
mittee.
The proceeds of the issue are TO
be used for retiring approximately
S23 100000 of the companys out
standing 20-year per cent sinking
fund gold debentures, and about
$24,000,00O of the outstanding Is
year per cent sinking fund gold
debentures of the Shell Pipe Line
Corp, and for other corporate pur-
poses.
The new debentures are to have
the benefit of a sinking fund of
81 100000 for the first year and in
creasing thereafter.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
JAMES TALC0TT, INC.
HAS LARGER INCOME
Net Earnings Increase Al Per Cent
in 1885, Report Shows.

in 1885, Report Shows.
Times Special
CHICAGO, Feb. 22.-James Tai
colt, Inc, has reported for 1895 a
record volume of business totaling
500, 162O10. and the highest net
earnings in it's history, amounting to
S4S1 ,952, after all expenses, taxes
and reserves. j. Friedrich Talcott,
president, announced today.
The 1885 volume represents an in
crease of approximately % per cent
over the $50, 1888 $40 receivables pur-
chased in the previous year, while
net earnings increased Al per cent
over the 1884 net of 1898, $50.
The factoring branches of the
company, who entered into new
fields, were responsible for IA per
cent of the years business in 1885,
and are expected to show a much
larger percentage during the current
year. it was reported.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
NET INCOME DECREASES

Times Special
NEW YORK, Feb. 22-Net income
of the Public Service Corp. for the
IL months ended Jan. 81, 1886, de-
clined to S23 sos ,876, equal to $2.48
common share, compared with
$25, 108, AS or $2.75 common share
in the previous year, it was reported
today. January gross totaled $10,-
788,545 and net $2,247,040.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
Produce Markets

The prices quoted are paid for stock
IN ka' Indianapolis the price is cent higher.
hens. 1sc Leghorn springers. i2o; old stays
I3c: old cocks, &c. Ducks, white, 5 lbs.
and over. lie: geese. full feathered. all
sizes, 10c; all guineas. 11s lbs. and up. 15c:
No / strictly fresh eggs, loss off. Csc.
deduction of 10 cents a pound under SIS
lbs. will be made, No; butter. 40h6
Quoted bv the Wadley Co.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22

growing realization that it will be
thrown out as unconstitutional
when it reaches the Supreme
Court.
What I found here in st. Louis
is a commentary or the whole
plan.
A BOUT $4,000 people Will file
4 n applications for old-age pen
sions in Missouri. The Legislature
appropriated $2,5O0,OO0 for this pur-
pose for IS months. This is $1e6,666
a month. Figure it out. This is
about $2.75 month for each per-
son, or, with that figure matched
by the Federal government, 1t
would be $3.50.
OF course, the Legislature said it
believed not more than 1000 to
10000 persons would receive the
pensions. But even 10000 persons
could get only SIS month at
that rate. Yet the Legislature
talked about $50 month maximum
for single persons and s45 for mar
ried couples.
The assistance board is strug-
Cling with the problem and grant,
ing pensions as fast as investlga-
tions are made. The pensions
range from ST to $12 month and
for a couple $18 month.
How could a more powerful argu-
ment for the Townsend Plan or
any other extreme scheme be made
than by parading some of these
old persons with their pitiful pit
lance of ST a month-"Social Sc
curity"-before Congress?
TN spite of all the big talk which
Il accompanied the Presidents
signing of the Social Security"
Act there is no social security yet
and will be none until an adequate
law is adopted.
Only IS states are to share in the
first Federal payments now pelhs
made. And so it will be seen that
bad as this case is, it is actually
far ahead of most states. 1t has
one advantage. Actually granting
ST to SIP a month to aged people
is so dramatic an inadequacy that
the people of Missouri may be
brought to see 1t.
For while this wretched sum i
being paid, it will not go to more
than 10000 people, while another
$4,000 will get nothing. And this is
based on paying pensions only to
people 70 and over. Another large
group of those from IS to 10 are
left out because not even provided
for in the law.
This is an American idea of $50
cial security"
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
FILES BONDS WITH SEC
Terre Haute Firm Asks for Listing
of Az Per Cent Issues.
Times Special

tHIb" NUBCIuI
CHICAGO, Feb. 22.-The Citizens
Independent Telephone Co., Terre
Haute, Ind, has filed a registration
statement with the Securities and
Exchange Commission covering ST.
100000 first mortgage AZ per cent
series A 25-year bonds, it was an
nounced today.
The company is one of the units
of the Telephone Bond and Share
group with practically all of its
stock owned by the Telephone Bond
and Share Co. Lawrence Stern g.
Co., Inc, is underwriting the entire
issue.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-02-22
PROVIDES NEW SERVICE
Atkins, Hamill & Gates to Install
Chicago Stock Ticker.

Installation of a Chicago Stock
Exchange ticker was announced to-
day by Atkins, Hamill 81 Gates, In
dianapolis brokerage firm, with Of
fices at 204 Electric building. The
new service is to be available to Gus
toners Monday morning.
Recent activity and increased in
terest in. securities listed on the
Chicago Stock Exchange has made
it necessary for installation of the
new service, officials of the firm
declared. Members OF the firm con-
sist Of w. c. Atkins, James T. Ham
VI and Edward E. Gates Jr.