Indianapolis Times, Volume 41, Number 201, Indianapolis, Marion County, 1 January 1930 — Page 7

JAN. 1, 1930.

I GOOD BUSINESS , FORECAST FOR NATION IN 1930 Lamont and Melion Voice Optimistic Opinions for New Year. BY WILLIAM J. DUNN, ?'nllri! 9tff Correspondent WASHINGTON, Jan. I.—American business is on the threshold of what should prove to be a happy New Year in the full sense of the phrase. Administration authorities, while making no undue promises for 1930. foresee twelve months of steady progress in almost every business and economic line. The new year is to see fulfillment of pledges of expansion made by the nation's business leaders at President Hoover's recent series of business conferences. It will present, the American people with the $160000.000 tax cut recommended by the administration and voted by congress. It will find a plentiful supply of credit, in the opinion of these authorities, and numerous other factors combined to Inspire oottmirm. Mellon Is Confident Statements issued by Secretary Mellon and Secretary Lamont were indicative of the confidence of administration leaders in the business and economic outlook for 1930. Both were conservative in their views, but confident in the year as a whole. "I see nothing in the present situation that is either menacing or warrants pessimism.” Mellon said. "During the winter months there may be some slackness or unemployment. But hardly more than is usual at this season each year. I have every confidence there will be a revival of activity in the spring and that during the coming year the country will make steady progress. "In the credit situation the trend of money rates is downward. Plenty of money is available and we have reason to expect that the rates for new capital in building costruction and expansion will be such as to facilitate promotion and accomplishment of new r undertakings.” Reviews 1929 Records Lamont reviewed the accomplishments of the commerce department in 1929. following with his views on the 1930 outlook. "It is impossible, of course, to forecast what temporary ups and downs may occur,” Lamont said. "But the nature of the economic development of the United States is such that one confidently may predict for the long run a continuance of prosperity and progress.” Unofficial word from other governmental leaders was uniformly confident in character. All seem agreed that conditions now' point to a furtherance of the prosperity of the last several years and possibly the attainment of anew high economic level. FIVE INDICTED AFTER SLOT MACHINE PROBE Three of Accused at South Bend Questioned About Murder. Bu United Preen SOUTH BEND. Ind.. Jan. I.—lndictments charging Hollis France, Vernon France and Thomas Watson, all of Bourbon, with burglary, have been returned by the St. Joseph county grand jury after a six weeks’ investigation. The trio was arrested in connection with the death of Christ Tonneff, racketeer, allegedly slain by rivals in operation of slot machines. While they denied any knowledge of th® murder. Hollis France, admitted they were members of a gang of hi-jackers and burglars. Indictments charging Harold Miller and Joseph Wypiszinski. lawyers, with operating slot machines, also were returned. SAFETY WORKER KILLED Railroad Yardmaster’s Legs Cut OfT by Train at Gary. Bu United Preen GARY, Ind.. Jan. I.—A railroad safety committee member was killed here, the victim of the sort of accident he had crusaded against. Earl Jordan, E. J. <fc E railroad yardmaster. died in a hospital from loss of blood after both legs had been amputated above the knees by the wheels of a freight car under which he slipped. The peninsula of Yucatan is so hollow that in many places the surface of the soil resounds to blows, like a great drum.

Faliorrd to Your /'> n j Individual >leasure. All-Wool /^nprM’T sms. CREDIT LEON’S 254 Mm. Ave.

“The Home of the Cedar Chest” Feeney Furniture Cos. 1M g. Meridian St.

Norman* Blue BiFd Store Set of BWJE BIRD DISHES aiVE*N /vwAsr JfitK you*. j>vjLCHA.*e or Cash or credei •akmojs tAST -wasf

EXPERT TRI'SS FITTING AT IS9 W. WASH. ST. STORE Abdominal Supports and Shoulder Braces HAAG’S CUT-PRICE DRUGS

January/ales s? blockij in il.mi i— - ■ f

- In the BASEMEN £ STORE -

Os Women’s and Misses' COATS Excellent fabrics in popular self or fur trimmed models that empnasize the latest style trends! Supreme quality values at important low clearance prices—offering a wonderful opportunity to save on your new winter coat. $45-SSO FURTRIMMED COATS f .0© For Women and Misses. .Sale Price, $35-S4O FUR- . . TRIMMED COATS '®l|l .©O $25 SMART & 3 WINTER CLOTH COATS ?!&.©O For Women and Misses. .Sale Price, $16.50-$ 19.75 * _ WINTER COATS $1 *| .©© For Women and Misses. .Sale Price, $25 DEEP PILE „ _ - SPORT COATS $ I fg .00 For Women and Misses.. Sale Price,

Semi-Service & Chiffon Hosiery Slightly Substandards of Quality Silk Sale ihfca Price w Choice of semi-service weight with reinforced garter top or chiffon silk to the top. These slightly irregular hose have seamed hacks and fashion marks with French, square or pointed heels. In all wanted colors.

THE INDIANAPOLIS TIMES

Sale of SI.OO, $1,50 and $2.00 Rayon Lingerie For Women and Misses c / 20 c /c to . e Wtm mH ® go% off Price mdm Regular Prices This particular sale group of lovely high-grade rayons has proven so popular that we have decided to continue with it into our January Sales. Genuine Comfolastic, Luxury and Fairfield iingerie in a complete assortment of gowns, stepins, slips, bloomers, dance sets, shorties, French panties, chemise, etc., make this an amazing clearance group. Plenty of larger and smaller sizes.

Basement Yr Shoe Section Offers $5 Qualities yyyr For Women and Misses yyy' In a Great January Sale of Footwear A collection of shoes that smartly steps along the popular mode of brown suede, black suede, brown kid, black kid, patent leather and simulated JpSSf? reptile. Pumps, Ifegh oxfords, straps # wsw and ties, styles for every occa- Jgg|||pp sion. A real bargain event Sizes that one can 3 to S not afford to miss.

j|P\ prompt and^fficient Specially & Siibstandards Priced Quality The well dressed woman will w ant several pairs of these sheer chiffon hose w ith ultra-smart French clocks. Slight irregularities that do not mar the beauty of the hose make it possible for us to share great price concessions with our customers.

Clearance Os Women’s and Misses’ DRESSES Tremendous reductions make this complete assortment of women’s and misses’ dresses, with plenty of sizes for the junior or ma- ; tron, one of the most outstanding January Clearance Sale groups. Replenish your wardrobe and SAVE in Block’s Basement Store. | (108) $lO _ QUALITY DRESSES (SO) sls *** QO j QUALITY DRESSES *M* 99 i For Women and Misses Sale Price (75) $5 a . QUALITY DRESSES 9 Y For Women and Misses Sale Price (IO) „ ' fc-g aQUALITY DRESSES 9 1 49 For Women and Misses Sale Price $lO to sls „ DANCE FROCKS 9 *1 .33 For Women and Misses Sale Price M

2,000 Pairs of Fine Silk Hose Slightly Irregulars — Full-Fashioned Here is one of the most outstanding hosiery events that Block’s Basement Store has ever offered. Think of it! Beautiful all-silk full-fashioned hose, featuring a picot top and neat conventional heel. We were indeed fortunate : ~.. j n g this special shipment, and a ly is limited, we advise an earl

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