Indianapolis Times, Indianapolis, Marion County, 30 October 1939 — Page 11

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MONDAY, OCT. 30, 1939

STEEL REPORT FIRMS, STOCKS ON N. Y. BOARD

Market Steadies After an 3

Early Decline; Wheat Is About Even.

By UNITED PRESS A firmer, tone was noted in the

stock market in afternoon trading |Am Zinc

today yafter an irreg decline.

Steél issues, which had been de-|4 pressed fractionally, came back to|4

around the previous close. Motors reduced losses and a sizable number of issues replaced losses with gains. Trading was light. Some aid was given the market by the American Iron & Steel Institute -estimate that the steel industry is to operate at 91 per cent of capacity this week, up 09 per - cent from the previous week. As the market turned into the fourth hour, U. S. Steel was at $75.87%2, off 25 ts; Bethlehem $90.87'2 unchanged; Chrysler $90.50, off 25 cents, and Union Pacific

ened

ernment issues featured an otherwise easier listed bond market.

Wheat was about steady in light |&

. trading on the Chicago Board of - Trade. Other gains were irregular. Wheat was up % to off Is cent, corn up ¥ to % cent, and oats % -cent lower to 14 cent higher. Outside wheat markets were mixed with Winnipeg 1 to % cent lower, Minneapolis unchanged, and Kansas City up 1 to off %4 cent. The week-end weather map showed little moisture in the South-

west, and the forecast was for gen- |Cudahy

erally fair conditions. Security prices eased moderately| in dull trading on the London Stock

e: $102.75, up $1.25. Aviations strength- |Sertain-ta. h Chi Gt WR Firmness in United. States Gov-

High Adams Exp ... 10 Reduc

h C = Qe Altiga Soro” : 179% Mills 13%

Last cilange

3 CD

y Line Bank Noi. : 13% Shoe

é "& 37% :

Corse: 4 ; Cy1s Sug..

Sec. . Hide & L. & Loco ..... 26 M & Fdy. 147% ad & SS 11

11 ill.. 20} 042 f° 5s wl Th 167%

RSL FRESE IRE

4 F HE: +141 I+ + Ee

8 >

CE EE er reeds

Callahan _Zine.. Ganada aN » oe

Caterpillar T . Celanes

Hey Prt aly

COT IIEN SIND TINTS 6 anew :

J C4 DIY

1 J

vsler / Climax Molv Co 8 Cluett Peab

a 030990260, 0 a >

0 Col Broadcast A 21% col Gas of A

nts . ‘13% Sdison 30% 0. 1% So pf 693; Aircraft . 30% Edison :.. 3112 Edison pf 105% il Ys

Comw Comw Comw Cons Cons Cons Cons Cons Cont Bak Cont Cont Crown Cork ... Crown Zeller .. Crucible St .

WR, WNW bn

a eo

. . . . i -

0 = ea

Curtiss-Wr A . Cutler-Ham

see -

Exchange, reflecting a marked lack |De¢

of buying interest in most sections of the list. bank rate reported last week faile to elicit further response amang gilt edged issues, which were narrowly

mixed. NEWS TULSA, Oct. 30 (U. P.).—South‘western oil men were puzzled today by President Roosevelt's remark at a press conference that, although he would like to see the problem of controlling oil production handled exclusively by interstate oil contracts, that if it was “obvious” the states could not handle the problem, it would he up to the Federal government. Oil country observers were askihg the question: “What situation would the Government take as an example of fail- . ure of states to control their production problems?” Unbridled production of oil from flush fields was suggested as one example. Feverish drilling of poorly spaced wells in new producing areas was another action which some observers believed might bring Federal disapproval. Both conditions long fave been condemned by conservatives as unnecessarily wasteful.

Unemployment Drops

NEW YORK, Oct. 30 (U. P).— Unemployment in the United States declined during September to the . lowest level since November, 1937, the National Industrial Conference Board reported today. The September decrease in jobless brought the total down to 8,798,000, a drop of 631,000, or 6.7 per cent, from August, the board stated. The decline since February; when 10£94,-

The reduction in the|R

3 * ite 118%s i East Aif Lines 24 ...163

u Pont : Du Pont pt : 23% 6 15%

East K

+10 ++

Erie 1

Evans 2d on

. . .

Fair, The ..... Flintkote®=..... Foster Wheel . Francisco Sug . Freepst-Sulphur :

Gen Cable .... Gen Electric .. Gen G&E A .. Gen Motors .. Gen Pr Ink... Gen Gen

Gt North Pp Green H L he. Greyh’ nd 5% : of Guant Sug

+11;

Harb-Walk i; Hayes Bdy ir Hecker Prod wv 3} Herc Mot Homestake Househd sree Hudson Mot ... Hupp Motor ...

a RN 1 i 83 tH +e

II Central .... Interlake Ir ... Int Ag pr pf... Int Harvester ..

Int T&T Int T&T For... Kennecott .....

L-O-F Glass ... Life Savers .... Lia arb Lone Star Cem. ia Lorillard 3° g Lorillard pf ..

SHH +

artin Gl cGraw El cK:

N M McLellan St And i nL-Moline vee Mo-K Te . M

1 ++

1 +1;

cees D Mor & Ess .... 30%2 30%

Nash-Kelv . Nat Aviation .e

000 persons were unemployed, was i t Dair

nearly 18 per cent.

New Orders Higher

NEW YORK, Oct. 30 (U. P)— American manufacturers were swamped during September with the largest monthly increase in new orders experienced in over a decade, the National Industrial Conference Board reported today.

pcSesn A gain of 61 per cent over August Bsc Tin

was shown during the month, according to data on industrial orders, shipments and inventories received

by the board directly from nearly |Earke 200 representative manufacturing penn ©

concerns.

Crop Storage Up

WASHINGTON, Oct. 30 (U. PJ). #The Federal Crop Insurance Corp. reported today that, its storage of crop insurance reserve Wheat amounted to 10,458,501 bushels on Oct. 20. The grain, stored in 68 cities in 16 states, covers premiums paid by wheat growers who have insured their 1640 crops against all unavoidable hazards, and represents premium payments from nearly 300,000 winter wheat growers. Storage point for Indiana is Indianapolis, while crop storage totals 40,000 bushels.

Sees Downturn

NEW YORK, Oct. 30 (U. P)— Demand for American commodities may suffer adverse effects in the near future, as well as over. the jong run, from the economic dislocations in prospect due to the war, the Guaranty Trust Co. of New York warned today. . Recent hesitant price movements that have followed the initial burst of speculative enthusiasm attest to the need for caution, the bank stated in the Guaranty survey, its monthly review of busigess and finance. : ‘ “The enormous world supplies of some commodities, such as grains and cotton, have already proved a barrier to sustained price increases,” the survey said.

WAGON; WHEAT are payin

ls Bic: elevators dianapo subject to marke tor” No. other grades on sect et Cash

corn, new No. 3 yellow, 45c. Oat. 5c.

See Final Edition of the Times for : Closing Stock Quotations - and Other Late News

No Pacific .. Norwalk

8% 19% 66%

Ohio Oil ...... 8% Otis Elev 19% Ill Glass 66%

31 473% 3

11+: +:

Pan Arwys 16% Paramt PI .. 8% Para Piet 1 arke D.

js Sears Bocbuck! :

13 | Wheel Steel .. 37 A W& Lk E

as | Willys Over Worth pr pf..

“DIVIDEND

“N. y STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Saturday ee.cececccceccone Week AZO ccoovvesnses Month AgO cevcvenee Year ABO ...ccctvcercnrninen 151.78 High (1939), 155.92; Low, 121.44. High (1938), 158.91; Low, 98.95. 20 RAILROADS Saturday ....ccceneene Soave Week Ago eereseeeenes eit Month ALO ccceoceee Year Ago 3 High (1939). 35.90; Low, 24.14. High (1938), 38.98; Low, 19. 00. 153 UTILITIES

Saturday .... Week Ago ... Month Ago .. Year Ago High (1939), 27.10; Low, 20.71. High (1938), 25.19; Low, 15.14.

Net Last Change 26% — Ve

Low 26%

8 oH 21

> High Republic Stl... 26% * |{Reyn Spring ..

nN 00 «300 i =

| f

Safew Schenlev ist. .y hulte

RESRSSE

ABO P400 bedobn OCD eT

n Oil ..

-. 3,

Ls,

DI aD DI 400 =i «INOW BU

> ARES aBABH, SNR SS

re DUI CIDI DI DIFCO =t ib

CINCO NWO WO IND Gd Bin

FRR RRESERNSNIRESS

«1h DINIY

CODD pti PS etB IO. tar WANN

Ww! 0 ves Swift Intl «eee Pe 47% 47% 36% 36% 6% 6% 11 11 —l— 1% et 11% Un Pac pf . 82Y Un Aircraft Cp. 4612 Un Air Line: 1 127% Jn C Lf. 36% Un | 5% In PO 86 U § 26 U 12% U : 38%, 75% 2%2 5

Texas COrp oss. Tex G Sul Transamerica .. Trans West Air.

[++¥1:

+11]

Ur Jai Pov 1 Ast:

« 383% 36% 30% 30% —_— We 45% pi 49 ° . 34% Pa El 7 pf..106% West Auto Sup 337% West Pac” pf... 13 West Union. oes 32%

o|Vardar's se Va-Car 6 pf..

Warner Bros..

pf.. 95 . 4% oo 3% . in 7

Wilson - & ~Co.. 3

Ha He +]

Yellow Tr .... 203% 20% 20% Y%

BUSINESS AT A GLANCE

By UNITED PRESS Checker Cab Manufacturing Corp. ‘| Sepiomuer quarter net loss $68,494 | vs. $59,042 year ago; nine months | net loss $231,685 vs. $200,453 year

ago. Continental Oil Co. September quarter net profit $1,528,562 equal to 33 cents a share vs. $2,706,698 or 57 cents year ago; nine months net profit $4,065,842 equal to 87 cents a share vs. $5,793,406 or $1.23 year ago. Fairchild Aviation Corp. nine months ended Sept. 30 net profit $295,512 equal to 87 cents a share vs. $255,402 or T5 cents year ago; Sept. 30 unfilled orders $1,988,361 vs. $1,173,142 year ago. General Telephone Corp., Septem-

/ ber quarter net profit $491,393 equal

to 63 cents a common share vs.

: $384,611 or 48 cents year ago; nine 2 | months net profit $1,233,185 equal to s | $1.55 a common share vs. $993,190 or

$1.20 year ago. Skelly Oil Co. September quarter

Inet profit $609,327 equal to 52 cents

a common share vs. $695,180 or 60

common share vs. $1,973,422 or $1.69

, |year a

Studebaker Corp. September quarter net loss $395,365 vs. $891,751 year

vs. net loss $2,832,112 year ago. White Rock Mineral Springs Co., nine months ended Sept. 30, net profit $157,885 vs. $164,046 year ago.

DAILY PRICE INDEX

NEW YORK, Oct. 30 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities

+| compiled for United Press (1930-32

average equals 100): Saturday .....ceecvesssnecse- 11823 Week aZ0 sveesevsiveeveios. 118.76 Month 880 ceveeveersoeesss.. 118.60 Year ago secesesns 104.63 1939 High (Oct. 8) ........ 119.66 1939 Low (July 24) ......... 101.40

IS DECLARED

Times Special FT WAYNE, Ind, Oct. 30.—A fourth quarter dividend of 30 cents a share on 250,000 shares of outstanding stock was declared today by the Lincoln National Life Insurance Co. Payment will be made Nov. 1 to stock of record Oct. 26.

The board of directors is to meet here Oct. 31.

Nazis, Su

NEW YORK, Oct. 30 (U. P.).—

economic emergencies which will force the end of the European War within 18 months, according to (a survey published today by the Research Institute for Business Administration. Neither Germany nor Russia is in position to help the other, the institute stated, adding that *‘¢ven if Russia were disposed to aid Germany, the problem of transportation cannot be surmounted in a short time.” The institute stated that Germany is faced with a shortage of a number of strategic war materials. “Disregarding Russia's disposition to aid Germany in her commodity problem,” it continued, “Russia's ability to help is limited by her lack of surplus materials’ Of the strategic war materials, Russia has been able only to export two in any qhantities during the last few years —petroleum and manganese.” Germany’s economic position will force her to attempt to destroy the blockade, “a virtual impossibility,” the institute asserted. Failing this, she will attempt a lightning defeat of the Allied forces, it added. “Upon her ability to withstand a counter-attack in case this big push should fail, will depend the length of time that a state of war will continue.” The institute “warned of “the probability of a temporary set-back to business the latter part of this

year or the first part of 1940.”

Both Germany and Russia face]

Russia Unable to Help rvey Reports

of the cycle, but the fact that production has -outrun consumption logically calls for a period of ad-

justment and correction. We feel, |310. however, that this correction will D

be moderate, on the -assumption that the European War will not end suddenly, and need not be considered in the formulation of longer term policies.”

War Exports Up

NEW YORK, Oct. 30 (U. P)— American munitions exportsy to) @ Great Britain, France and Canada during the first eight months of 1939 were almost five times the 1938

total, but were less than one-tenth I of the 1917 peak, according to a|lb

survey made public today by the National Industrial Conference Board. : : Stimulated mainly by deliveries of airplanes purchased by the British and French, munitions exports for the first eight months this year totaled $44,523,500, as compared with $9,363,950 for the entire year 1938. The World War peak attained in 1917 was $491,000,000. Machine tool exports’ to these countries have risen almost to We rld War levels, th» authority stated, while chemical exports now are well above those levels. Iron and steel imports from 1914 through 1918 amounted to about 10% million tons, of which more than half was taken by Canada. Since 1934, British and French imports have been small, totaling only some

is ow in & rising phase

400,000 tons, while ‘about 4% mil-

%|D-15-M.

1H0BS ADVANCE

: cents year ago; nine months net oe profit $1,366,245 equal to $1.08 a

00ago; nine months net profit $378,948 i

for multi-stop delivery.

Two new delivery trucks equipped with new all-steel streamlined Metro bodies and designed for multi-stop delivery have been announced by the International Harvester Co., according to G. R. Frobes, manager of the local Motor Truck Branch of tho firm.” The new modc’s are the one-half-ton model D-2-M, shown above, and the $hree-quatiersion and one-ton

197020 CENTS

(120 to 140-Pounders Up 35 Cents; Vealers Are Firm; Sheep Up.

Hogs at Wee Union Stockyards today were mostly 15 to 20 cents higher

‘|with weights scaling 120 to 140

pounds gaining 35 cents, according to the Agricultural Marketing Service. The top price, quoted on 210 to 220-pounders, advanced to $6.85. All classes of fat cattle sold on the strong side of last week's late prices with steers as much as 25 cents higher and bulls up a like amount. Vealers sold steady wit the top price at $11. Fat lamiR and slaughter sheep were strong to mostly 25 cents higher. The top price, quoted on good and choice natives, made $9.75.

Leen. Oct.

Repts.| O 9269| 27 6.80 6574] 28 .... 6.65 6.85 7766) 30 .... 6.85 6698 Barrows and Gilts Packing Sows Good and Choice— |Good and Choice— 120- 140 § 6.35- a5 270- 300 $ 6.00- 6.40 60. 6. 300- 330. 6.15- 6.3 330- 360. Good— Goo 400.

To Rcepts. $680 0065 3000

6.10- 6.25

6.10- 6.15 400- 450. 5.90- 6.10 450- 500. 6.75- 6.00

Slaughter Pigs Medium and Good— 50- . 5.50- 6.15 150s 200. 6.00- 6.60] 90- 120. 5.75- 6.35 Slaughter Cattle & Vealers (Receipts, 1033)

ulls | Greartings” excluded) ..$ 6.75- 7.28

6.50- 7.00 6.25- 6.75

. 9.75-10.50| common. 5.25- 6.25

alers 3a 10: 291 All Wei hse

- Good 9.00-10.00, G3 ice '-.$10.00-11.00 7.50-10.00 5.5

Steers

hoice— : 0- 900 $10.50-11.00! Good : 0-1100. 10.50-11.00| Sausage— 1100-1300., 10.25-11.00| Good 300-1500. 9.75-10.50! Medium. Cutter and

- Common’ an 35: 338 medium.

T50- “1100. 6.75- 8. » Feeder, Stocker Steers, Heifers Cattle, SoCTS

Mixe Chor 500- 750. 10.50-11.00/ CHOICE 0 10 07s

Goo fo 500- 750. 9.50-10.50/ 00-1150. ° 9.00- 9.50 : 500- 800. 8.50- 9.00 Heifers | . - Choice 2 1050. 8.25- 8.715 0 900. 10.25-11. 501M 560-1000. 7.50- 8.25

| 7500900. 9. 25-10.25| SIO ON 6.50- 7.50 Medium

J00- | 500. 7.50- 9.25| Medium and.

.°$ 5.50- 6.25 C0050 6.00- 7.50 BOO aa Cows

ood and Choice— . | 500 down $9. CAT 00 I Me um-— ..$ 6.50- 7.00/ ‘500 down. 8.50- 9.50 5.50- 6.50! Calves (heifers) 4.75- 5.50! 500 down $ 9.00-10.00 ow Medium— cutter). 3.75- 4.75! 500 down. 8.00- 9.00 SHEEP AND LAMBS (Receipts, 1603) Lambs Good and choice Medium and choice Common Ewes (on shorn basis) Good and choice Common and medium

Calves (Receipts, 81)

Good .

$ 9.25- 9.75 7.25- 9.0

7.50 2.25- 3.25

CHICAGO LIVESTOCK

Hogs—Receipts, 11,000; active, 10@20c higher; top, $7 Ba: Se ole good and choice a 270 mostly 80 ag. $6.65@ 6.85; lbs. mostly $6. 2b, 75: bulk 50-1b. Backing Sows, $6@6. 45; lighter weights, [email protected] Sheep—Receipts, 4000; opening trade E> e lambs about steady; early sales on fee er and killing account, $9; market on best natives now ‘held above $9, not yet established; sizeable string J earings, $17. 50: ewes, scarce, quotable steady $3.50 4. Cattle—Receipts, 17,000; Aas 2000; Jugely fed steer run; strictly choice offerings in moderate supply; fed steers scaling er 1200 1bs. lower; YSasuus, [A steady to weak with, Suds under 1000 1 steady; samy top, 15 paid for 0 steers and eifers gslin 850 1Ibs.: best yearling steers, J . choice steers. 60; most early ay many-common and medium grades in crop: and feeders, slow, steady: most yearlin DOK $9@10; rele hty {eeders, [email protected]; stock calves, $9.50@11: b drag weak; cutters and bulls, stea vi weighty sausage bulls up to $7.40 vealers, steady at $11 down, with quality very mi

OTHER LIVESTOCK

LAFAYETTE, Ind., Oct. 30 ( ay market, 10@20c higher; 160-200 Ibs. @6.50; 200-250 i fo.5 Sas 8.10; 1bs.. [email protected]; pigs, $8 $6 dow. Calves, $10@10. 2. os down.

.25

FT. WAYNE, Ind, Oct. 30 (U. P Hogs—10c¢ hi her; 200-220 1bs. 230-240 1bs., $6.50; 24 bs., $6.40; 280-3

Foo PRICES

CHICAGO, Oct. 30 P.).—, Michigan Jonathans bushel, seal” potatoes—Tennessee el, $1@ Carrots—California crates, $2. s0@2. 90. Spinach —Michigan bushel, 50c. atoes—Califlower—New on market llows, 45¢C;

( . sac Ks) — Minnesota ye! Illinois yellows, 45@50

LUMBER OUTPUT UP

WASHINGTON, Oct. 30 (U.P.).— Lumber production in the week

the preceding week, but bookings

showed a 15 per cent decline, while

shipments remained about’ ' un

changed, the National Lumber Manufacturers’ Association reported

THE INDIANAPOLIS TIMES . ne New Delivery Trucks Announced

ers’ conversions.

| Plymouth distributor,

[email protected], but not | B

down, mostl, 10.50 El 3a y §

wn; rou 323 ’

ee Gold

ended Oct. 21 rose 5 per cent over|

PAGE 11,

According to Mr. Frobes, neither of these new units are body buildThe chasses are designed especially to meet the requirements of multi-stop service, and the new bodies are available for use only oa these two new Internationals. The engines are built in Indianapolis at the Truck Engine Works of International Har-

‘| vester.

New International Harvester product « o o gear-shift on steering post, magic door in rear, designed

Two outstanding features of the trucks, according to Mr. Frobes, are the gear-shift on the steering column and the Metro magic door in the rear of the body, which slides completely = oui of sight when opened. : The new models are on display at the International Harvester Indianapolis branch at 1065 W. Washington St.

lLocaL

BUSINESS

Jones & Maley, Inc., DeSoto and today announced the addition of three new dealers to the organization. They are the Jones Auto Co., N.

Capitol Ave., and Vermont St., Indianapolis; Baugh Motor Sales, 207 W. 8th St., Bloomington, and the Wilkinson Motor Sales, State Road 67, Fortville.

Named fo Insurance School

Gordon Clancy, 4198 Carrollton Ave.,, has been appointed to the school for life insurance agents conducted by the Travelers Insurance Co. at the home office, Hartford, Conn. Mr. Clancy will complate a four-weeks’ intensive training course in underwriting procedure and sales practices.

A ———

Ice Session Called

Five Indianapolis ice dealers and 16 dealers from other Indiana cities are to attend the 22d annual convention of the National Association of Ice Industries at Chicago, tomorrow through Friday, it was announced today. x Those who will attend from here

o|are Leonard L. Swartz, H. L. Dith-

mer Sr., H. L. Dithmer Jr., O. P. Fauchier, executive secretary of the Indiana Association of Ice Industhe organization. They will be accompanied by their wives. Harriet Gray also will attend.

Incorporations

The I. Indianapolis: dissolut County Publishing C0 Logansport; change of agent to Peter J ." Sullivan, 309 Broadway, Logans Roberton Mig TIne.. Michigan cay: change of Ra address to 212 Spring S Michigan City.

roviap-

Indianapolis: a articles accepting the sions of the In Aisha Insurance Ac

7.50 | proved March 8, 1935

MUSIC SCHOOL BUYS ONE-STORY . HOUSE

Albert L. Frankel, real estate broker, has announced sale of a one-story frame hotse at 1028 N. Delaware St. by the Railroadmen’s Federal Savings & Loan Association to the Honolulu Conservatory of Music.

E. Ohio St. has been in Indianapolis for three years.

for the mova.

0 U.S. SYSTEM

- 35 NAMED

Times Special CHICAGO, Oct. 30.—The Steuben|5 County State Bank of Angola, Ind., has been admitted to membership in the Federal Reserve System, the Federal Reserve Bank of Chicago announced today.

Burton Handy is vice president and Carlton Chase is cashier.

Curb Stocks mm 3% a is

oy Last Ti 5% s 137 33% 2 Ya 2 Ya

8%2 2 2%

Aero Sup B.. Alum Co A 53% mr 2

Ya —i-16 oe —1-16 ot Ye

9% 82 12 2% 5-32

ellanca Air.. Brewster Aero . Carrier Corp .. Col O&G

= %

G! Oi Humble Oil. nage 2 Aa.

6 Technicolor ven 14Ya W Md Rwy pf. 58%2

U.S. STATEMENT

WASHINGTON, Oct. "30 (U.

P.), :|ernment expenses and receipts for the 0.

current fiscal year Sous Oct, 27, comared with a a Jean 5 28, og. E102. 69 $2,911, 302. 050.02 1.724. 514,327.54 1.795.857.780.96 -550,865. B 1 115, Br 1269.06 1623.215.1 ¥

071, Customs .. 116,906, 906,701. 96 '107,241,599.53 INDIANAPOLIS S CLEARING HOUSE

Oldest Loan sokers in the

tries, and A. C. Goll, treasurer of|g;

Mrs. |S

DeHaven Engineering Co., Inc., N

Standard Life Insurance Co., of Indiana,

The music school, formerly at 318 N Need for|p

larger quarters to accommodate an | increased enrollment was attributed |;

Maurice McClew | 2 is president of the. Angola bank,|]

1254.65 14,051,434,497.18 |

STUDEBAKER'S NET LOSS IS REDUGED

Times Special SOUTH BEND, Ind., Oct. 30.—The Studebaker Corp. today reported a net loss of $395,365 for the third quarter compared with a loss of $891,751 in the same period of 1938. “Loss of production on account of the change-over for new models was

accentuated this year by labor troubles in plants of parts suppliers and the inability of tool suppliers to make deliveries in quantities scheduled,” said Paul G. Hoffman, Studebaker president. ‘“As a result, the accumulated losses of July and August could not be offset by the profit earned in September. “Currently, the corporation is producing at capacity to meet record demands of, its dealers. The prospect is for contihued capacity operations throughout the balance of the year.” Net profits for the nine months ended Sept. 30 was $378,949 compared with net loss of $2,832,112 for the corresponding period last year. The nine months’ profit this year equaled 17 cents per share of common stock.

Chicago Stocks

Advance Alum . Armour & Co Asbestos Mfg .... Bendix viel Butler Bro

o’'west Bancp ... No West Engin ... United Air Ut & In cv p

LOCAL ISSUES

The folowing Notations by the Indianapolis Bond are Corp. sent actual 8 es but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Bid Ask

Stocks

Auto Invest Cor Belt RR & Stk Belt 5 Stk Yds. Cent Ind Pow 7% Home T&T Hook’s Dru nt ne ne nao

nd ne

N Ind Pub S

92% m.... 11% 34

. ec Van Camp M Van Camp Milk Co pfd Bonds American Loan s 51

Citizens nd T e1"4 61 Crzbbe-Reyno. Th gior 3s 2 Home T&T Ft Wayne 5% 55! Home T&T Ft Wayne 6% 3! 1 nd Asso Tel 4%2% 65

7) napls Railway 2% 87.. nter T&T 5%

-1 ills ‘55°42 ..

a Noblesville H ostery’ 6%% 47 Ohio

I Haute Water Wks" 6% 49.. : act Term COrp........... .“ Tr Dividend,

FOREIGN EXCHANGE

YORK, Oct. 30 (U. P.).—Following are opening cable Ds on major curSe thle Net

rencies: ound «do Py soe {iranc) ees

$s; Sous .89 9-16 0227 -+

+. +.0000%2 —0001 -—.0001 +.0005

LOCAL PRODUCE

Heavy breed hens, 12c¢: Leghorn hens, 10c; Barred and White Rock springers,

.2343 .5309%2 .2382

Ye 3% 1bs. and over, llc; colored springers, Leghorn broilers,

2%; lbs and up, 10c; '2 Ibs. and over, 9c: old roosters, 7c. No. 1 strictly fresh country run e gs, 1" case must weigh 55 gross; a net deduction of 15 cents Tor ach full case under 55 lbs., will be Jase. Butter—No. 1, 30'2@3lc: Ne. a 812 @ 29c; butterfat—No. 1, 37c; No. he 2

TYPEWRITER

on on Everything!

Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.

LO S

= The CHICAGO Store

146 EAST WASHINGTON

ness knows, at least is returning

* TONIGHT 1 7:00—Andre K Rustelanets, 'WFBM. 7:00—Tommy gs, WIRE. 8: 30—Alec Dh WIRE. 9:30—Blondie, WFB M. <

“The Old Maid” will appear in its fourth artistic incarnation on the Radio Theater hour this evening, with refta Young and Miriam Hopkins the featured parts. First a novel by Edith Wharton, it was made into a play by Zoe Akins, then into a movie and, finally, a radio drama. Miss Hopkins will retain the role she did in the film version, while Miss Young takes the part played by Bette Davis. Between acts, Cecil B. DeMille will interview Miss Akins, whose dramatization won her a Pulitzer Prize. ‘The broadcast is at the usual hour of 8 p. m.,, CBS-WFBM.

8 8 =» The European war, which has few enough items to its credit, good-

Richard Crooks to his host of radio admirers some months earlier than was expected. He will replace Mar-

"ON THE RADIO

garet Speaks on NBC-WIRE a week from tonight, at 7:30 p. m. Mr. Crooks left the air and the country last April for a scheduled world tour of New Zealand, Ause tralia, Africa and Europe. He fulfilled his engagements’ “down une der” all right, but the European

engagements, naturally, were cane

celled. The tenor arrived with his family at Capetown last: August. And he’ spent the ensuing two months in

|trying to book passage ;back home.

Finally the State Department had to -be enlisted before ‘the Crooks family was able to make reserva= tions on a Japanese freighter bound for Buenos. Aires. They were to arrive in the Argentinian capital Saturday and fly thence to Miami and New York, reaching home base on Thursday.

8 s #

Fulton Lewis Jr., the commentae= tor who secured radio representae tion in the Congressional press galleries, begins a new Monday= Wednesday-Friday newscast series tonight, or rather, tomorrow morne ing, at 12:15 a. m. on MBS-WGN.

#8 8 =

THIS EVENING

(The Indianapolis Times is not responsib ne ments caused by station changes tre ras Sy 5 hasvusdeles fn Wogan ‘announce.

INDIANAPOLIS WFBM 1230 (CBS Net.)

Kathleen Norris Golden ‘Store :

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(NBC-MBS)

Girl Alon gainst Storm

Dessa Byrd

Childs’ Or. Concert Or. . Vincent Gomes Sports |

Pleasure Time Mystery Sen. Taft) Dick Reed |

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INDIANAPOLIS ° WIRE 1400

Tommy Ban Margaret Speaks

"CINCINNATI

(NBC-MBS)

Keene t Storm \rmstrong S. Bigelow

Fred Kirbv Baker and Denton Himber's Or. Lowell ‘Thomas

Fred Waring News & Four Stars Inside Sports Breezin®, Along

Margaret Speaks

CHICAGO WLS-WENR 1780 (NBC Net.) Baker's Or. Anthon Dinning Sisters

Com. Fund Serenade Ink Spots Tom ix

Kinney'’s Or, Science on ‘March N One, of Finest

Sherlock, Holmes True or False

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Paul Sunisan Masters’ ” Recordings

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Peter Grant Paul Kennedy Salute -

News Blade’s Or. Cutler’s or. Recordings

Little’s Or. Carter’s Or,

Long’s Or. - # LL Moon River ” ”»

TUESDAY PROGRAMS

INDIANAPOLIS WFBM 1230 (NBC Net.) Earlv Birds

(NBC-MBS)

Dawn Patrol Markets

Dawn Patrol ” ”» ”

News

Fred Miller Good Morning Towertown . Miss Julia

Bitty Ke! ey, Myvrt and Marge

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Kate. Smith Girl Marries Farm Circle

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Melodies My Son and I

Betty 3 and Bob

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Marlin erkins Pepner Youn Guiding Ligh

Joycé Jordan Society Girl School of Air

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Girl Alone Against Storm Dick Reed Dessa Byrd

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INDIANAPOLIS WIRE 1400

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Char Woman in White Dr. Swing

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Backstaze Wife

Vides for its patrons.

INDIANAPOLIS CINCI WIBC 1030 wow oot (Eee

Morn Moing 'x Boys

Time to Shine N

w Gospel Singer Kirby & White

Caravan

. Praver and Praise Ranch Gang

Breakfast Jam ”» ”»

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Blues Chas shion Beers this Beautifel Life Markets. News

Man I Marrieq Other Wife Plain Bill MisS Julia Jinda’s Love ness or and Tim Road of Life

Woman Speaks 'Neills Farm Hour

Reflections Hits of Today arm House

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Jones Revelers

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Music : Master Sirigers Old Refrains Bandstand

Jamboree

Rhytnmakers : Expres:

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Kitty Kee Zigainst the Storm Jack Armstrong

H. S. Bigelow

: KEY NETWORK STATIONS (Subject to change): + | MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850, NBC-BLUE—-WIJZ, 760; WOWO, 1160; WL 2| NBC-RED—WEAF, 660; WTAM, 1070; W CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, no.

-WENR 870; KWK, 1350. , 920; WMAQ 670.

Good Tools for Good Work

It is our declared policy to make our railroad a good place to work by assuring em: ployes both reasonable wages and fair treat: ment in working conditions. To these must be added our provision of the proper tools to enable them to perform their tasks with the greatest ease and efficiency. The tools which the employes of the Illinois Central System use in the transportation of freight and passengers consist of our prop-

and equipment. In these

tools we have invested some $750,000,000,

~ or just about $25, Behind each of our workers therefore is

000 per employe.

tools ‘equivalent to the

cost of a fully equipped farm, a well stocked store or a small factory. This investment is constantly being increased as improvements are adopted for the

service our railroad ree