Indianapolis Times, Indianapolis, Marion County, 2 January 1939 — Page 23

Wheat, No. 2 Red, Chicago). bushe 1 wakhiate rr by No 2 Zell Ly ’(Chicag 0) bushel

? is No a Syrine 2 t wily Ib fo , rim ne A at LNew ork) irs Zio Ts oon! 96 jest duty ter, Srealnery 92 score. (New gS, ood to Poholoe (Chica ». 1s, Tion-10 | fo. choice (Chicago). 1b:. S; EO icago S, Sr heavy steers (Chicago) Ib, , fin washed combing Boston) 1b.

“80, Patents (N.

20 middling upland Y.) Ib. 13-15 deniers, crack XX Japan (N. ubber, spot ribbed smoked Shoes o, YX.) Jer, Sectrolytic SHOX York) 1 A pot (New York) Ib. c, spot (East St. Louis) Ib in, straits spot (New York) 1 a Lommercial Bars x Vat ounce... crap, ( cago OM. cv. evae none fron, Bn A Age Composite, (N. X.) ton , Connelsville net furnace ton ent, domestic Portland (N. Y.) barrel w Pine, . base 20 ft. =~. (las Fir, rors 6x6 8-24 ., drums (Ex. tax) Tank

ex December 12,

cerns. T08 $

sess

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(N. Y.) g e Oil, Kan.-Okla. 40 AE "(Tuisa) eel,

eb alo LAL

rice e List Extends Sharp Reaction of Last Year; Rubber, Metals, Cement, Cotton : Up Slightly; Futures Ease.

CASH PRICES OF 30 BASIC COMMODITIES Used in United Press index compiled by Shh Bradstreet,

Jue,

12 a $ oot s 308 iE 4 : oi

4 sas. 50 ‘08 -0680 03% 0285

% 2918 0713

i 1100 0888

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Ra323532uR%

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By GILBERT ERT E. BUSCH rs i Press Financial Writer

4 t NEW YORK, Jan. 2.—Commodities in 1938 declined to the lowes tevel since 1934 in a moderate extension of the sharp reaction which

developed in 1937.

‘of the 1930-32 average,

at 102 43 per cent on June 2, the lowest since 134,

only slightly from the low point. Of the 30 basic spot commodities {he index only 8 advanced on 4 the | \year. Lambs, cotton, silk, rubber, copper, tin, steel scrap, and

' cement were moderately higher. De- : clines generally were as temperate |

as the advances. . Trading in futures markets’ was ; featured by record turnover in hides ‘ and copper on. the Commodities Ex‘change, Inc. For the fiscal year

‘ended Nov. 30 volume of trade in “hides amounted to - 1,717,600,000

pounds (nearly 40,000,000 hides), as

against 1,241520,000 pounds in the

_. previous year. 1397225 long tons against 374,575.

Copper sales were

Silk trading, however, reached the ‘ Jowest level since trading was insti“tuted in that commodity on the ex‘change in 1933. Tatal volume -of

176,520 bales compared with a record

“of: 571, 850 for 1937. © Wheat futures at Chicago dropped

to the lowest levels in more than five years, the December delivery

“dipping to 61 cents a bushel froma

high for the year of 84% cents. Other * major commodities, however, showed

.relatively narrow losses. Among minor commodities, Santos

coffee established a record low level, + December declining to 5.61 cents a ‘ pound from the year’s peak of 7.02.

.Higher-than-anticipated 1933 quotas

» * + aided in sharply depressing domestic

sugar futures, “with ‘January declin-

. ing to a low of 1.82 cents from a

“

| fA

4 Wheat

‘Rubber... 197.33 - Coffee $ re (Santos).

“high of 232.

; PRICE INDEX OF 80 BASIC COMMODITIES

| (Compiled for United Press by un & Bradstreet, Inc.) 1930-32 equals 100)

High Ia A Clgse ex Change.

ii .98 109.48

3X 1938 anuar February = 8 303 —4.97 : +2.71 - —0.21

—0.751| -

: 0.92 52 9 -1.96 —0.51 Low 114.83 (Dec.

30) 69.55 (Dec. 24) 67.86 (Jan. 20) 102.43 (June'2) 115.13 (May 27) 116.22 (March 18) 101.05 (Jan. 3) .

December* pha 10 1938%...117.06 Ean. 10)

Rei 53 (July 18) 84.41 (Jan. 7) 5 *To December 12.

‘Heavy government buying was responsible for .1938 spot butter gales on the New York Mercantile Exchange, swelling to the largest volume in .the. 65-year history of the Exchange. A total of approximately 50,000,000 pounds was sold, of which the government pur-

" chased around 45,000,000 pounds.

The following table shows the

1938 highs and lows established. by

“principal commodity futures (De-.

‘cembper delivery): ; High Low

(June 15) .61 (Nov. 26) (Feb. 23) 7.73 (May 31) (Oct. 6) 10.77 (Mar. 31)

8414

(Chicago) 9.50

i Cotton ... %02 (Aug. 26) b5.61 (Apr. 7) [Sugar “(dom.)*.. 2.38 ‘Cocoa sess “6.68 “Hides (old i contract) 12.97 (new " ) 18.75 ‘Silk (old contract) 1.80 {Wool tops. 83.5 Cottonseed

(Jan. 14) 1.82 (May 27) (Jan. 10) 4.29 (May 31)

(Oct. 21) 8.31 (Mar. 31) (Oct, 24) 11.11 (Sept. 26)

(Oct. 22) 1.43% (June 8) (Oct. 21) 92.5 (Feb. 10)

(July 25) 4.9.16 (Nov. 28)

ha Tiny,

| DOW-JONES AVERAGES

YORK, Jan. 2 (U. P.). — Stocks o new lows since 1935 on March 31

5 and lows of the three m k| to 1929:

30 INDUSTRIALS *

Kis Hi gh Ary eee. 13435 1 0e..132.41

or averages

Jsnury cons g . : sesss 30.02 22.75

a ~BAA DMSO MM EHO IN BagsRaIsRELE + neat

BIC 0

a EE nO NRO eS

IEEE] ONROHOWONADM. BERENS RIII2E

215. 2 chanted from

, RANGE oe AVERAGES SINCE 1929 + BoC. di Tow Railroad Utili sh Hah Lew 2 8 40 fi 84 46 29.15 50.80 40.68 987i 41.7 85.51 52.07 5 38

pi As

37. 34 19.

‘Measured by the United Press. Dun : eR established a high for the year on January a AD and subsequently’ declined to the year’s bottom

& Bradstrest index, commodity per cent

The index rallied

PRICES LOWER AT STOCKYARDS

Drop Reflects Big Receipts And Smaller Demand For Meat.

CHICAGO, Jan. 2 (U. P)— Livestock prices averaged lower at the Chicago Stockyards in 1938, reflecting heavier receipts and a smaller demand for meat. Hogs broke to the lowest levels since 1934 on Dec. 6 when top offerings sold for $7.35. Peak prices were reached in July at $10.25. Beef steers declined to-a low of} $10.10 the first two months of the year, then worked up to a top of $13.50 in October, holding near this level for the remainder of the year. The 1937 high was $19.90. Lamb prices followed an irregular trend, ranging from a low of $7.15 on May 27 to the year’s best sales at $11 in June. Heavier shipments of livestock, particularly hogs, are expected in 1939.

COMPENSATION FUND PROBLEM OUTLINED

19 15. Is

= Legislature Faces. Decision

On Establishing System.

By PROF. IVAN V. SNYDER

Assistant Professor of Insurance, Indiana University School of Business

When the Legislature convenes Jan, 5, one of the first matters it

probably will consider is establishment of a workmen’s compensation

{insurance fund. Presumably, it will

have for its guidance a repcrt from a special commission which has been studying workmen’s compensation insurance during the last nine or 10 months. Although it is rumored this commission has already filed its report no one seems to have any idea as to what recommendations have been made. What type of fund will be proposéd? Will it. be competitive or monopolistic? The proponents of this legislation point out that if a monopolistic furid is established it will be highly esirable to amend

|the basic comp ‘asation law, so as

to make the pr.chase of insurance by the employer compulsory, otherwise, many employers who condemn state insurance as un-American, may elect to operate under the old principle - of employer's liability. Some favor the competitive fund because they say that it will not interfere with personal freedom of the employer, but will leave him . free to purchase his insurance from a private carrier if he so desires.

Favor State Monopoly

Labor spokesmen, generally, seem to favor the monopolistic or, as some prefer to call it, the exclusive state fund on the grounds that if

competitive fund choose a private

carrier and the private carrier be-|. I-| comes insolvent the injured work-

men are unprotected. The most frequently: debated

“tquestion concerns the cost of comt- | pensation. Spokesmen for organized ngs | labor contend: that Indiana's pres71{ent: system costs too much. They

charge that the spread between the.

4 total premiums collected From emplgyers and the. total benefits re8|ceived by injured -employees is en-.

tirely too great. This, it is contended, is due to the fact that the private carriers operate for profit and is an inherent defect in our present plan. Any consideration of this complaint must include an examination of Indiana’s actual experience. has been estimated that during the

18-year period from 1920 to 1937,

both years-included, the compensation insurance carriers operating in Indiana have collected from Indi-

millions of dollars in premiums, Their losses during the same period are estimated at 46 millions.

employees in a state which has al

ana employers - approximately 82] = ' Funds invested here by the TENTH

ow's Busi ness?

AUTOMOBILES

Monthly production Cas and trucks). Unit: 1000 cars.

BUILDING

Total value contracts awarded. Unit: $1,000,000. :

3 CARLOADINGS

Monthly averages of freight loadings, Unit: 1000 cars.

COMMODITY PRICES

: Wholesale price index, all commodities. 1926: 100.

os 450

400 | 350

mst

Poss

800

» i 1937 tsa, 3

70 }—

MARCH JUNE SEPT. DiC

EARNINGS

Adjusted for seasonal varie ation. 120 industries. 1826: 100.

stQuarter 2nd 3d 4h

100

«)

MARCH JUNE SEPT DEC FARM PRICES

Composite index of al] 4 Jom produce. 1909-14: 100.7

MARCH JUNE SEPT. DEC

. INDUSTRIAL PROD. + Adjusted for seasonal varies - ation. “1923-25: 100.

ae oe STEEL PRODUCTION

Monthly ingot production. Unit: 1000 gross tons.

pa —

. Ea

1938 :

21.9

MARCH JUNE SEPT. "DEC.

MARCH JUNE SEPT. DEC.

1937

T : a -

f=.

MARCH JUNE SEPT DEC.

"The graphs above show how eight divisions of American business have fared during the year. In each graph the solid line Boprasenis 1938, the broken line 1937. In most cases November and December figures

Rise ‘of 33 Per Gent

are estimates.

N. Y. EXCHANGE| ENDS LIGHTEST| YEAR SINCE '24

Business for All of 1938 Well Below That of 1937; Outlook Bright.

By ELMER C. WALZER "United Press Financial Editor °

NEW YORK, Jan. 2.—-With Stock

| Exchange doors closed for the New Year’s holiday, experts" Surveyed the

past year and found— .

Stock sales, smallest since 1924; bond sales smallest since 1917.

Stock exchange membership not far above the low since 1918 made earlier in the year. Commodities below a year Ago in the index. Bonds substantially lower in the averages with valuation. of all issues slightly higher on gains in u. S. Government issues. ne

Business Sharply Up

Business. sharply abdve a year ago, but result for the full year well below; and national income down correspondingly. Farm income down smaller amounts than industrial income for the year. Trade about equal to the 1937 period as year ended. However, there was a cautious optimism on 1939 prospects. Wall Street expects a good January in the stock market as attempts are made to discount further business recovery in :the spring, A substantial seasonal gain is in store for the ma{Jor lines next week following the | usual year-end declines. These declines were smaller than seasonal this year. Car loadings made a good showing, traders said, and automobile production shrank much smaller than anticipated. The loadings ~ total was 574,462 cars, against 606,314 in the previous week, and 457,821 a year ago. Automobile output totaled 75,215 units, against 92,890 in the previous week, and 49,550 a year ago. Ward’s Automotive Reports, Inc. in making tha’ estimate, said indications were Jenuary output would total 325, 000 cars and trucks. Electricity output for the week ended Dec. 24—latest to report— was the largest ever recorded :n any week. It totaled 2,362,947,000 kwh.

Rails Make New lighs

Steel operations for the weel: were at a rate of 38.8 per cent, against 51.7 per cent in the previous week, and 19.2 per cent a year ago. The decline reflected holidays. A 10-

point rise is looked for next week.

- Demand for the railroad shares this ‘week was based on sharply higher net operating income for the roads in November and outlook for favorable Congress action for. the roads next year. A number of the issues made new highs. Aviation demand followed word that the Government planned ‘eo train 20,000: pilots next year which

indicated the extent the armament

plans were. to go in the aviation field. Other issues in the armament

ancreased trading is foreseen.

‘below 1936.

In Auto P

roduction

During 1939 Indicated

3, 500, 000 Units to Be Built, ‘According to ‘Estimates Of Automobile Manufacturers Association; 11938 Fall Season Good. :

NEW YORK, Jan. 2 (U. P) —Optimistic sales figures for the final quarter of this year point to a rise of 33 per cent in production of cars and trucks in 1939, according to Alfred Reeves, vice president and general manager of the Automobile Manufacturers Association.

Mr. Reeves predicted that production for this year should be around |

3,500,000 units, an ‘increase of about one-third over the estimated 1938 output of 2,635,000 units, which in turn was 47 per cent below 1937 levels.

classification—boat building. companies, steels and 'coppers—were sustained by outlook for armament purchases in 1939. About the best that can be said just now, according to market analysis, is that the stock list is due for further recovery in 1939. The rise is not expected to be particularly spectacular 2ltholg ol. Leonard P. Ayres believes the 1939 market will be above 1935, but Business is expected to reach or exceed the best levels touched early in 1937.

Regulation Now Systematized

One highly favorable item in ‘he |

opinion of Stock’ Exchange officials is the fact that. regulation now is more systematized and there is less stick wielding by the Securities and Exchange Commission, zi The New York Stock Exchange radically revamped its whole setup and now is operating on a simplified, efficient structure that has the blessing of William O. Douglas, chairman of the SEC. The reorganization was hastened by development of the biggest scandal in ‘Wall Street since Ulysses S. Grant's house smashed in the post-Civil War days, namely, the failure of the firm of Richard Whitney & Co, probably the most highly respected house in the Street. Whitney, five times president of the Stock Exchange, admitted misuse of his clients’ funds and securities, was convicted of grand larceny and now is serving a term in Sing Sing. Old Guard Broken

His conviction broke all opposition of the so-called old guard in Stock Exchange affairs and brought complete revamping of the entire

_| structure and election of a brand

naw slate of officials headed by the youthful William McC. Martin Jr., who is only 32 years old. Mr. Martin, according to Douglas and his associates on the Exchange has

done excellent work in his capacity.

as Exchange president. Late in the year McKesson & Robbins, Inc, 105-year-old drug firm, was thrown into reorganization by fraudulent operations of its president who, it developed, was a criminal with a prison record under another name. The Exchange immediately suspended trading in the company’s stocks and bonds. But; some believed, the incident might lead to demands. for further regulations on business and on: Exchange houses.

T ELE

BEET

1910-11 $$ * ?

8.6 MILLION METRIC TONS

- vy

BEST VS. CANE SUGAR

(WORLD PRODUCTION, REFINED) CANE

F ACT |

day of December earn dividends fig ured from the FIRST day of: De-

cember.

Now is the time to put your vagabond dollars TO WORK—in insured

safety.

Dividends Paid July 1st, 1938. at Rate

of 3% per. Annum

J = | rl

LL Z|

Informed sourcés in the automobile trade admit that a reversal of the current trend in general business would upset these calculations, but contend that ‘the enthusiastic public reception accorded the first 1939 models is a reliable indicator of the new year’s outlook, - Nearly one million units were sold in the final three months of 1938 in

rise of 194 per. cent from the preceding quarter and only 7 per cent under the final quarter of 1937, which was the second best year in automobile history.

. Uptrend Is Progressive : °

‘That this uptrend has been a progressive movement is indicated |! by the fact that total factory sales, according to trade estimates, jumped 80 per cent between Oc‘tober ‘and December, Ising from +4215,000: to: "386,000 units. In addition to ‘the idence of - fered by sales figures for the closing quarter of :1938, which’ is the first quarter of the 1939 production year, other signs point to a sustained upward movement throughout the industry. ‘Foremost among these is the fact that the industry is in sound condition in ‘both manufacturing and merchandising divisions. Factories are geared to schedules that are closely adjusted to dealers’ orders, while dealer inventories are better adjusted to current sales than at any similar time in recent years.

Extent of Decline Indicated

Preliminary data compiled by the Automobile Manufacturers Associa-

.| tion indicate the extent of the de-

cline suffered by the. industry in the past year, The association estimated . that total value of new vehicles, tributary products and manufactured replacements in 1938 amounted to $2,596,000,000, or nearly 41 per cent below the corresponding figure for 1937. Employment showed a more uniform trend throughout the year, and also gave evidence of the late fall improvement. Starting at a rela-

“| tively high rate at the beginning of

the year, the number of workers employed by the industry dwindled to 261,000 in September, then rose to an estimated: November-December average of 412,000. The average employment for the entire year was 304,000, while average weekly payrolls, according to the Manufacturers Association, amounted to $8,650,000. At the close of the year, this ‘average rose to $13,200,000, +

‘AKRON, O,, Jan. 2 2 (. P.) —Tire

| manufacturing has picked up sub-

stantially and enters 1939 ‘with prospects more favorable than in

|many years, P. W, Litchfield, presi-

dent of the Goodyear Tire & Rubber Co., said today. - “In view of the high rate at which automobile assembles are proceeding

replacement purposes that is expected from those who purchased new cars in 1935, 1936 and 1937, as well as from the owners of older motor vehicles, tire production and

| sales shttild continue at a favorable

level for some months: Wh some, he added.

the United States and Canada, a

and the large demand for tires for

[TRADE SPURTS | AFTER HITTING , 7 1934 ‘CELLAR

1938 Upturn Is Sharpest Sustained Recovery “In History. -

NEW YORK, Jan. 2 (U. P.).— Business. Bctivity in the United

corded a’ 3315 per cent spurt, the

nation’s history.

whole was an average of between 85 and 86 in the ‘Federal Reserve production index, lowest in four years. . It compared with i10 in

1934 and ‘97 in 1033. The index opened the year at 80 per cent of the 1923-25 average, declined - to 76 in May and then jumped to. slightly above 100 in November, holding at a high level through the last month.

gains next year: providing no international calamity developed.

capital markets and more active production in capital goods lines. Big things were expected from the |! building and automohile industries.

up production, aided by ‘buying under the national defense plan,

Fear Tax Hikes

ture : included international ‘uncer-

tainties, unstable ‘world. currencies, fears of : ‘higher taxes, unbalanced | - budget; monopoly inquiry railroad |

tion: with business, notably in the | = utility field. The 1938 recovery came in the face of intermittent European war scares, belief by some the national economy was headed toward state socialism, and a record national debt. Factors behind it were the pump-

ment, an improved domestic labor situation, depletion of inventories, and the fact the recession because

surpluses. National Income Down

Government economists estimated national income paid out for 1938 would total around $65,000,000,000, only 5.8 per cent below 1937, but private sources dofibted this and placed the figure nearer $55,000, 000, = 000. Dividend payments by corporations totaled $3,400,000,000 for the year, against $4,500,000,000 for 1937. All branches curtailed except aviation, which had a record year.

less than 12 per cent Irom 1937, thanks to heavy Government payments. against $2,600,000.200 in the previous year.

‘Wishing YOU and YOURS a HAPPY and Prosperous NEW YEAR

Massachusetts Mutual Life Insurance Company E. L. SMITH and ASSOCIATES

300 ELECTRIC BLDG. Indianapolis

Christmas for him at 60 or

MR. M’S HAPPIEST CHRISTMAS “I've never gotten as much satisfaction out of: any Christ mas present I ever purchased,” said Mr. M. He had just arranged a plan to provide a check for’ $100

for his family—December 23rd each year for twenty years if he isn’t there. If he lives this plan assures happy

Have you provided for future Christmases?

adianapolis Life Insurance Co.

A. Leroy Portteus,

: “|of the Senate and House of Repre-

year’s. predictions.

early - in the year and then re-|10:15 0 sharpest sustained recovery inthe 1

1 The net result for the year as a

19317, 105 in 1936, 90 in 1935, 80 in|

Businessmen anticipated further

Hope was held for reopening of}! Steel mills. were expected to step | 12:0

Unfavorable items in the 1939 pic-

- TONI 7:00—Al Pearce, WIRE. 7:30—Richard Crooks, WIRE. 8:00—Radio ‘Theater, WFBM. 9: eo Lombardo, Lp

CBS, MBS ora NBC-Blue - will bring you descriptions of the opening of the 76th ‘Congress at 11 a. m. tomorrow. : Details, however, are lacking as to what is to be heard during the hour broadcasts. Wednesday, of course, marks the President’s speech on: the “state of the nation” .before a joint - session

sentatives. It will be broadcast. :

2 2 =»

"A half-hour of .soothsaying is scheduled on CBS-WFBM: af 4:15

year for the fourth - consecutive time.

Kaltenborn, Edward R. Murrow, Bob Trout and William Shirer of CBS; George Holmes, James R. Young and B. C. Forbes of Interna-

nella Wood of King Features, Mr, Trout, as master of ceremonies, also will check up: on last

8 »

Lum and ‘Abner celebrate the new year with a new 12-months contract when they bring CBS-WFBM listeners their first 1939 broadcast at 6:15 p. m. today. They are now in their eighth year of national

p. m. today, when experts will try| to forecast events of the coming |:

Forecasters will include H View

tional News Service, and Miss Pru-|,

Re resting their film voles, BS ol Flynn and Joan Blondell may heard in an etherized version of tl picture, “The Perfect Specimen,” Cecil B. DeMille 's, “Radio Thea program tonigh -CBS-WFBM, Pp. m.

current and per Ferdinand the “Silly Symphoni Goose during a Night” broadcast : WIRE. And at a5 : Cantor will play hi 0 to his lifelong friend, Georgie Jessel, and Dr. Wal=

ter Pitkin, author of “Life, Beging

at 40 on CBS-W a ‘Compositions 'b

early and cone an composers are

Westminister College Choir, under John Finlay will mson’s direction, i on NBG-Blue at 8:30 p. m. do An hour later, : hear Harriet Cohen, the famous English pianist, a performance with. Bernard Herrmann and .the Columbia Concert Orchestra. They will play Vaughan Williams’ “Charterhouse” Suite and the “Saga Fragment” by Arnold Bax. Both works. are| dedicated to Miss Cohen, and she gave the Bax co performance at a

network broadcasting.

2 » B

INDIANAPOLIS WFBM 1280 {CBS Net) Rose

” 2”

Nan W Forgcas, ting _ Tea Tunes

THIS EVENING

(The Indianapolis Times 18 not cesponsible tor inaccuracies In program me : anouncements caused by station changes after press time.) .

INDIANAPOLIS WIRE 1400 (NBC-MBS) Bowl Game

in 1933.

CHICAGO WGN Lo (MBS Football 5 3s 2 9»

cioinNaTL

(NBC-MBO) “Rose Bowl Cami

”» ”»

_” ”

” ”. " ”

Tw. Rr. + Speaker 2 - Howie W Y - ine Sophie Tucker

Ne ews ”» Co” Lum & Abne Ww. Osborne's’

Cavalcade Pick & Pat ”» ”

Al Pearce

Fdwin ©. No Talent 00 ed Bob Elson x Newspaper ut Air inside dports

Richard Crooks ”» ” 4

” ” ”» ”

” ”» ” Toe,

” » ” 99

” ”»

» » Ne Inside Sports Al Pierce

Studies 4 Richard Crooks: |

Lone Ranger ” ”»

: Radio Theater ”» 2 ”

”» 0

Lombardo’s Or. Eddie

Duchin’s Or, "0 ”»

5853 5552 8803 Buse id 82 i

Cantor , Information Amos & Andy

! Headline New

News. S. Kaye's Or. "Donahue's

: Cab Calloway 2

ih = os icces|nnxn]|vvvae aasaloanaan

Hour of Charm

Contented Hour

Green Hornet Hour of Charm

Tomorrow's Trib. . Reg, 1-Rad

Concert Or. J. Garber’s Or. | Pageant, r

Tra or False

Detective 3s Mcintire’s Or. ts mess

Paul Sullivan . Spotlight

. Hill's Or. or. K. Beecher’s os _Al, Donahue. . :

”» ”» i

"G. Hall's Or. 5 Strkies and Spares ,JKrupa’s I.

Savett's Or, Hiny's or.

INDIANAPOLIS WFBM 1230 (UBS Net.) Early Birds

w =

Roundup Devotions

Musical Clock ”» ”»

“0 ”»

loa]

Romany. Trail News 4 Montana Slim : yrd Melodies Baby Biotin Apron Strings Better Health Kitty Kelly Soanneuncen Other Nile

Bohemian Farrell's. *Kitchen’ Plain : Bil)

oe meme o | ow -cy ues &

arenes S53, HSH

ecosinns 52 oe

-le aZa

Mary Taylor fattersood

Life Norres -

12: 00 Farm Burean cs

2:15 : Headlines 15: 30 Eipimoner

12:45

ET 00 Party Line 1:15 Harmonettes 188 School. of Air

David Harum Lorenzo Jones Widow B

Z3] &x3

10:45

11:00 1:15

Singin’ Sam Linda’s Love Farm Hour

Hitmakers Bett

Valiant Lady

"2:00" Dentist Says 2:15 ° School Music

2:30 Story of, Song Vartet 2: 6

2 J. Garber's or.

omen in White.

rown Editor's Daughter

WIRE : Reporter

y & Bob Grimm's Daughter Church i]

Hollyw Propress Ye arade: ties

K., JKayser’s ry Moon River Review

Hines or. i

TUESDAY PROGRAMS fois INDIANAPOLIS INDIANAPOLIS WIRE 1400 -WIBC xaroLt (NBC-MBC)

CINCINNATI. 5 (N NEC MBO) - =

lighters Eeatro Valley

Time to Shine ‘+ Peter Grant lu Gospel Singer Chuck Wagon. * lama)

Paul Allison: = Myrt & Marge Hilltop House Linda’s Love:

Living Guide, | Rionees Patbways

Ed The. I oniveres ‘Linda’s Love ‘Vie & ' Sade

Ramblers. Cowboys Breakfast Jam | : ”» ”» ik ” ”

Coffee Cups: Band Wagon Top Notchers Devotional

Kay Bartlett » ”"”

| Shilkrevs oF. Wirges® Or.

os tor Rhythm Maker’ State Police Old Refrains

Noon Rhythms ” ”» *

News Road of Life Editor's Daughter Pe. O’Neills Form Hour

”» ”» Boy Greets Gir

Back Home -. Sleepy Hollow | Rainbow Rang! Cowboy Songs

Dick Leibert Tropic Meods Shut-In Friend Past Favorites

Piano Moods 4 yin Kings Concert Hour

» »

‘Far i . Tneitation Happy Gilmans ~

Betty & Bob Grimm’s Valiant Lads es Church Hvmos - ;

d wa Marlin Perkins

troubles, and Government’ competi-| 3:

priming spending by the Govern-|

of its shortness had not diminished :

Farm income showed a decline of |,

It totaled $7,600,000,000,|

73:00. 3:15 30 3:45

4:15 4:30 4:45

3 Health Ways Sing, Ing.

__ Men and Books

"4:00 Before the he Senate

Bohemian: dea, Tunes

KEY NETWORK STATIONS (Subject to NBC-BLUE—WJZ, 760; WOWO, 1160; WENR-WLS, NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1

~ Backsta " Stella

e Wife - allas Vie e Girl Alone

x U. Program’

-News Flashes

Basonolo Melodies 23

* Jamboree’ ; ull b Ww!

Unannounced Lillie King _ Dance Or. Aloha hd

Sign ¢

ad WK, 1350: = 0;

Kitt iy Keene eantifal” Life # _ Kitty Keene .. Hanmab oan Jack Armstrong! Unannounced

- x

change):

AQ, 670. WBBM, 770.

|i estments

Indianapolis Bond and Share Corporation

129

EAST

MARKET STREET

Vice-President,

“COLONIAL”.

VARIABLE INTEREST

On Real Estate Mortgage Lo

- in Marion County | For HOME Buying--Building or Remodeling

0a are dependent on type. and location

estate loaned on,

@ provide for paying loan in full any time. ‘with interest to date ONLY,

@ Let us explain “Colonial” Variable

RATES _ pe:

of real

Interest

* Rates of 52 %—6%—8%:% and 1% ¢ on real estate mortgage loans, :

“Colonial” Home Loans are available for ¢

mortgage loans on Mirion county -real - are repayable in convenient monthly 7 per month, which includes both principal I . and with regular payments your mo: petd in full in approximately 12 years.

WHATEVER You NE Dee - For Buying, Building or. Remodeling Your Home— |

: Come in Today for 1 Free Const i ion Sali