Indianapolis Times, Indianapolis, Marion County, 17 November 1939 — Page 24

STOCKS GAIN “IN SELECTIVE

N % Air Reduc 1 | Chal . Am

Armour Shares Advance; i= An

Cotton Futures Higher; Wheat Steady.

: By UNITED PRESS Stocks advanced fractions to $1

in morning dealings today at New York. Buying was more selective than yesterday and several special issues moved up sharply, notably Armour

A preferred, which reached $52.25, up

$4.25. New highs were made by American Power & Light preferred issues, Crown Zellerbach, Eastern Air Lines, Brooklyn-Manhattan Transit preferred certificates, Lehn & Fink, Mathieson Alkali preferred, McCrory Stores, Melville Shoe and Safeway Stores. New Haven preferred dropped to & new low at $1.87!z2, off $1.62':, on announcement for a reorganization

plan providing for no participation Bris oa

for either the preferred or common stocks. The common lost 50 cents to 623% cen's.

Railroad Issues Firm

Railroad issues generally were firm with Union Pacific up more than $1. Dow Chemical and Allied Chemical each gained more than $1. Chrysler was up 75 cents at $89.8712. Coppers were steady. Steels gained fractionally. Week-end considerations restrict-

ed volume on the London Stock|Se Exchange, but the price undertone e

generally was steady.

British Government funds showed :

minor gains at the close. A feature of the foreign bond section was strength in | Brazilian Funding Loans. American shares failed to follow the trend in other sections of the list and closed $1 and more below Thursday's New York parities. Cotton futures set up gains ranging to around 45 cents a bale today on foreign and local ring support but backed away from the extreme highs on Southern selling and realizing. Around midday gains ranged from 1 to 4 points and on the opening call prices were 4 to 7 better. Wheat prices ruled steady in slow | Er early trading on the Chicago Board of Trade. At the end of the first hour wheat, corn and oats were unchanged to 4 cent higher,

GANNON ADVOCATES LOCAL FINANGING

WASHINGTON, Nov. 17 (U.P.) — ¢ Sommunity financing of low income tgroup housing is advocated by Fer-

mor S. Cannon, president of the|Green

Railroadmen’s Federal Savings and Loan Association of Indianapolis. Mr. Cannon spoke yesterday at

the construction industry conference sponsored by the U. S. Chamber of Commerce.

“Direct Government financing in |insshs c the urban picture will not cure the Inter RT evils of housing conditions,” Mr. me Nic Cannon said, “or do very much to|Int P stimulate further construction un-|mg T&

less the financing takes the form of outright subsidies.” Arguing that direct government home financing leads .to “complete socialization” of the national credit structure, Mr. Cannon said that “the most successful system of home financing is a system whereby each

local community develops its own |Lim

local thrift and home financing institution.” " Fred H. Ludwig, president of the Merritt Lumber Yards, Reading, Pa., urged suburban rather than urban locations for small home building projects.

SHOE COMPANIES CONSIDER MERGER

NEW YORK, Nov. 17 (U. P.)— Directors of Melville Shoe Corp. have held discussions with the J, F. McElwain Co. interests relative to merger of the two companies, it was Jearned here today. Following a meeting of the two Interests late yesterday, Ward Melville, president of the firm which bears his name, said: “As soon as possible, I would say by next Tuesday or Wednexday, we will send out an announcement to all stockholders telling them what went on at the meeting today.” Mr. Melville is a leading retail distributor of shoes for men," women and children, operating almost 700 stores in various states. McElwain Co. has been manufacturing shoes

(By Un

Net Change

«BD - =

hain & : Am&FPwr 56 of 3t% Am Hide & L Am Home Pr.. sei m Inter 6% Am Mach&Pdy. 15% . Am tal A Am Am Am Am Ri ae: Am Sm Am Am Tob B Am Am wa Am Woolen ....

PibREL EEE LE HL EH

Bald Loc Shee . + 183% Balt & Ohio.. Barker Bros .. oh Bendix Avan ... 30% Beth Steel .... 86% Beth Steel 5 ‘pf. 17% Blooming le. oe 17% Boeing Air: . 28% Bon Ami Al aN Borg Warner «s 267% Briggs Mig w 24 Bklyn-M T Bklvyn-M T of. Bklyn &

Burroughs Butler Bros ... 3% Cl Can pacifie or 3% Celane «5 Cerro T= Pasc ertaintd §

SHEER E440 Dd

Col Broadcast B 237 Comwlth - Edison 3174 & So. 13%

Hen 1:

Cont Oil Del.. Crown Zeller .. Crucible St .... 45 Curtiss-Wr .... Curtiss-Wr A . Cutler-Ham ..

+: +t]:

Davison Chem . Deere & Co.... Dist Seag 1 Dixje-Vortex A. Douglas Air ..._ Dresser Mfg ... 15% —E— 28%: 1%

Fl Pw & 1

7 ot Eije uy

Firestone T ... Flintkote Foster Wheel ..

Galr Robt pf .. Gen Am Tr Gen Cable ... Gen Flectric *. gen- Foods ... Gen Mills pf ..124 Gen Motors ... Gillette S R ... Gimbel Bros ... Glidden Goebel. Goodrich Goodyear Gt North pf ...

hoes Greyhound Cp .

Hat Cp pf .... 91 Backer Prod .e Homes omens Motor .

Il Central .... 143% Ingersoll Wik d 119 '- 11

ces Sev — Jarvis Co ..... 16% 16% tC 40% 40% 29% 29 vl eee 2253 vo 13

Kennecott ..... Kroger G&B ..

Leh P Cem.. oal .

i .e Loose W Bis pf. 108 Lou & Nash ... 62%

v RH Masvhail Fid ..

STOCKS

% | Week ARO ..coceivcsscasecass

a | Motor Whi .... /8

ie | Ni Nat Biscuit Nat Dairy.

era 3 Northw Tel

Phillips Pet ... “| Pitts & WVa .

. Yellow Tr

ited Press)

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS. Yesterday ....oc.cocveseness 15118 Week ARO ......cecovenveees 149.09 Month ALO ...covsssvascsses 153.00 Year Ago .... veeese 149.93 High, 1939, 155. 0%; ‘low, 121.44, High, 1938, 158.41; low, 98.95. 20 RAILROADS Yesterday . 33.89 32.79 Month Ago ... 84.58 Year Age 30.80 High, 1939, 85.90; low, 24.14. High, 1938, 33.98; low, 19.00 15 UTILITIES Yesterday o..cc...e.0 ceanvey 25.93 Week AZO ..c.covesasvecscee 281 Month Ago ...... eases cesses 25.89 Year Ago 22.95 High, 1939, 27.10; lew, 20.71.

+1.62 40.34 —0.36 —~2.85

sesssasioncnge

Ges sesscsssvecssane

nl High, 1938, 25.19; low, 15.14

heh . Low Last Chae 155 -—10 . 53 15 17%

69 3312 1%

56% Ya

Mathieson pf . D re nnee

1+ 14H

REST

ash-Kelv

evs

DEERE EE Srerse

—— a

ve Farm Eq 3% Oowens Fi Glass é

23% 13 65

. - . .

Pac Am Fish .. Pac G & 2

5 El 32% Pan Am Airwys 14% ] ndle 1%

15% 1%

53%

ht . . eRe a

Poo 5 vee Press Stl Car... Procter Fe von Public Sery ene 4

Pullm Bunty "Bak eee

» THREE LE LE

Radio ceeconases

+: i

Rem Rand ..... bile Sa. Rebub hd pf..

2. . Richfield oil ...

bat}

. 502 .0103% 103 .. 14

a eh

DH EE ES

++ ++ | HHH]

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Eh -Gould .

HE = :

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Trans & W Air 20th Cent-Fox . 14 Twin Coach ...

+H] ee ge

Union Carb Oil Cal ... Un Aircraft Cp.

n_ Air Lines.. United Corp ... n Gas Im 14

Rea a g = =

'ob Un Stores A...

Vanadium 36 357% Victor

Chem 26 26 Virginan RY pf. 128% .128%

—

Bros ..

21d oe +144: tbh] wa

4% 08 29% 29% 115s 28 6% 60

wh. Fae

20% 127 13% 50%

20% Yellow Tr 127 Young Young Sheet

. 13% os 50%

Martin Parry .. Mathieson

Zenith Rad ... 18% 18%:

LOCAL BUSINESS

B. H. Eversmeyer has been appointed district supervisor for the Connecticut General Life Insurance Co. for northeastern Indiana, the Howard E. Nyhart Agency announced today. Mr. Eversmeyer built an unorganized agency to one which has more than $4,000,000 of life insurance in two and one-half years, the agency said. He graduated from the University of Towa anc received his LL. B. from Drake University. He practiced law in Iowa and is a member of Phi Alpha Delta, legal fraternity.

Record-Breakers Displayed

Two 1940 Hudson cars which established 121 official performance

for Melville ‘since 1930.

and endurance records at the

N\ - Bonneville Salt Flats in Utah recently are being displayed at the Ace Motors, Inc.,, 1219 N. Meridian St., W. H. Schmelzel, vice president, |$ said today. In the tests conducted by the American Automobile Association the Hudson Six broke 88 former records and traveled 20,000 miles in 12 days, averaging 70.58 miles per hour, Mr. Schmelzel said. The Hudson Eight was driven by John Cobb, British speed driver, and captured 33 records. Its average speed was 93.88 miles per hour.

Announces Milk Prices

Leon C. Coller, Marion County milk administrator, today announced the schedule of milk prices for the delivery period of Nov. 1-15, in-

tributors must be of 4 per. cent butterfat content. Class I, $2.18; Class I-b, $1.80; Class II-a, $1 62; Class 1I-b, $1.51; Class II-c, $1.44; Class III, $1.25.

Say It With

FLOWERS

ALLIED FLORISTS ASSN. OF INDIANAPOLIS

Make Woodworking Your Hobby—Use

DELTA MOTOR DRIVEN TOOLS

_ Exclusively at VONNEGUT’S

120 E. Washington St.

Used Radio Bargains Large variety 4 95 to 6 95

nots. ne atte BLUE POINT "vdieo jeder, seu HOSIERY . ..

138 E. WASHINGTON ST.

WHEEL CHAIRS Why buy one?’ Rent one at HAAG'S ALL-NIGHT DRUG STORE

TYPEWRITER

(Biggest Hat Values in Town eee § Levinson's Light. weight Crushers,.

HARRY LEVINSON

1 SH lb LLL

: 8 i yb IF

AUTO AND DIAMOND

LOANS

woLf, SR Ine.

[interes naa 28 Sockel, G. Oy ging EL RE gs

Incr tions

700 E. 38th st. y W. McIntosh,

000 shares common flock value; manufacturing dru Medisins and Pharmacsut cal Ploducte Newkirk, A. P., Warman, Roy W. Metnios h.

United Commercial aka “i In 208 Muncie; agent. aurice rsh St., Muncie; 1000 I x] credit George 8S.

Care s Dairy, Ine. ong E. 30th St. Indianapolis; agent, Wilson D Carey.

Indi polis; operate dairy : n D. Carey, Leroy J. Carey, Robert D. Care

Tey. shan County Rural Electric Memberrp. hester; amendment of artotes of [hcorpora tion. Suedhoff & Butier, Inc, Ft. Wayn amendment changing name to Sue Men's Wear, Inc. Woodford ‘Distiilery, Inc., St. Louis, Mo. istration of labels, “Carabail Club” and " port,” class 48: distilled alcoholic rs

Hawkins Handle Oorp., Mitchell; dissoState Bank at Atlanta, Atlanta; dissolu-Mid-state Auto Co., Indiana

of agent to Lou Leve Birr ta dian St, Indiana : Gun Club, Tne

LE pri “Potial Station id alley Drive, In’

Tom Goc nckel.” 62 BL

i Ine. 1403 x stunts, Best . dndians i, _Ine.,

2d St , sation 8 Stub beri E Bo Mary A

is, Inc.

Lee

clusive. All milk purchased by dis-|!

Be. Butter—No an 30e: butterfat—No.

SWINE. PRICES

DIP 15 CENTS AT STOCKYARDS

«$6 Top Quoted on 160 to

180-Pound Weights; Vealers Strong,

Hog prices dropped 15 cents at the Union Stockyards here today, the

| Agricultural Marketing Service re-

ported. The top price, quoted on weights

Vealers were strong with a top price quoted at $11.

25 cents lower.

Nov. Rcptis.|Nov. 1 8 fy 15 13 .... 640 13,80 16

14 ,... 6.40 - qd62M17 ..... 6.00 ; Ht

so Mo

‘Barrows and Gills Packing Sows

Good and Choice— 270- 300 $ 3.25 5 9 300- 330 5.18001° 330- 360.. 5. 5 33% 00| Goo 5.10- 5.20 50.. 5. 05 5.15 450- 500.. 5.00- 5.10 Slaughter Pigs Medium and Se

0- 25. . 200- 120.. 5.00- 5. 80

5.15- 5.30 00. 5.50- 5.75

_| Slaughter Cattle & Vealers (Receipts, 430)

Chol Steers lve Comm 700- 900 $10.50-11.25| Good 900-1100. 10.25-11.00/3aus age— 1100-1300. .50-10.75| Goo +e 1300-1500. = 9.25-10.25

Bulls earlings excluded) .$ 6.75- 7.2

6.50- 17. Medium.. 6.00- 6.7 Cutter and common _ 5.00- 6.00 Vealers All Weights—

9.25-10.50 8.75-10.25 8.50- 9.75 8.50- 9.25

7.75- 9.25 7.50- 8.50; Cull

Calve .50- 7. (Receipts, 513 3.50 »P Feeder. x) Steers, Heifers

Cattle, Steers xed— ice— 500- 750. 10.50-11.00

0 500- 800 $ 2%. 9.75 Good— 800-1150.. 8.75- 9.50 500- 750. 9.50-10.50 Heifers

che ce | 50- 900. 10.25-11.50 Good— C 750- 900. 9.00-10.25 Medium— 500- 900. 17.50- 9.25 Common— 6.00- 7.50 77 1Good and Choice— 500 down $ 9.25-11.00

500- 900. Medi 500 down. 8.00- 9.25

0.. 8.25- 9.00 . 8.00- 8.75

. 7.00- 8.25 . 6.00- 7.00 Cow Medium and

good.... $ 5.50- 6.25 Calves (steers)

Cows . { ees .$ 6.26- 6.75 Medium . 5.50- 6.25 Cutter and c

Calves (heifers)

Good— ow sy own $ 8.75- 9.75 cutter). 3.25« 4.25| 500 down.. 7.50- 8.75 SHEEP AND LAMBS (Receipts, 1491)

Lambs

Good and choice Medium and choice Common

$9.00- 9.25 a 50- 3 %

Ewes (on shorn basis) Good and choice

CHICAGO LIVESTOCK

Hogs—Receipts, 700; light hogs fairly active, mostly 10@15c lower; others and Sows . genefally or noc extreme top ar ely or choice twei his: Bok 1k 180: 220 $5.80@6: 220-2 70° lbs. mostly $5.55@5. bs. Jew '270-330-1b. Ea: [email protected]; good 330-450-1b. packing sows, [email protected]; few lighter weights to $5.50; extreme heavies, [email protected]. Cattle—Receipts, 500; calves, 300: slow, general - Friday cleanup trade: prices on all Fades and classes around steady; best 1b. fed Steels: J. 10; other loads and odd lots, $8. [email protected] 5; no chole fed heifers offered: small lots up draggy; canners an mand; bulls very slow: most sales ligh aug medium weight sausage offerings, 261 6.75; odd head best vealers, $10. 50; sma lots, $8.50@ hes. 000.47. a, 3500; late Thursday lambs, 15@25 Jone qSters ste aaa 25; a ; pA yearling, 3

aid alanine Preach ise or trade fat lambs: slow, steady to we urs to choice

y: good choice fed n lambs to BCRers: Nad. 15; best held ja.25 and up: sheep t, steady: scattered native slaughter ewes, $3.15 [email protected].

OTHER LIVESTOCK

CINCINNATI, No v, 17 (U. P.).—Hogs— Salable, 2700; total, 2850. Active uneven on light we ih ‘5610 lower on Seaviss:

100-130 1bs., [email protected]

wh. Cattle—Sa able. 450; calves, 300. Slow, uneven, but generally about steady with week’s closing levels although general undertone weak. w lots yearlings and ign steers meditan "ta good, 3 d common and medium yearlings an heifers, Joa. 75; common to year Tot beef cows, $5.50@6. 50; practical top sausage bulls, $6.75; LL oalers about steady; practical top, $11.50 for choice Sheep—Receipts, 500, Fairly active, grally steady on moderate lots good trucked-in nearby Jap Inman 1 50; around 150 ° fo; to choice 84-lb. Si 38.50 . medium, $6.50@8. Sommon _ and

Ind., Nov. br (uP — -180 1bs., $5.85; $5.65: 3203 -280

lbs } $8.40; 1 120 lbs., $5.15. Roughs, $4. calves, $11; lambs, So. $4.75; ‘stags, $3.75; LAFAYETTE, Ind. Market, 10@156 lower. Nov. 17 (U. P.) 5755.90; 200-260 Tos 325 lbs. $5.20@

Gown. $5 down; SA Da

Curb Stocks

igh Am Cyan B ... a Ya Am Lt & T ... 163% Asso G & E A. Atlas Corp wts 1 Ai - 24

Net Low Last Change

.| Cooper Bes ... 1 Copperwld Stl . Cro

wn Drug ... 1 EaG&Fuel p- pf 3 El Bd & Sh ... §

00 Maras | Sherwin-

2% oh

Wright Harg ..

YORK, Nov. 17 (U. P.).—Following are noon cable rates on major Sur. rencies:

England ound . Canada (dollar psy +14 (f -—.000! %

4.0002 many ar. . Unquoted Switzerland (franc) oe :|Holland (guilder Sweden ager) sieeve Norway (krone) . .e Denmark (krone) .... Japan (yen)

LOCAL GRAIN

Heavy breed hens, 11ic; Leghorn hens, 8c; Barred and White Ro Springers,. 2% Ibs. and over, 2% colored springers. lbs. and up. ile; Leghorn broilers, 2 lbs. and oven, 2 10c; ola roosters, 7c. icfly fresh country run 190° “each full east must welsh 55 gross; n uction of 15c for each full case nder be Jude, $

(Prices quoted hy Wadley Go.)

See Final Edition of the Times for

from 160 to 180 pounds, was $6.

Fat lamb prices filled steady to ;

I s/ FOREIGN EXCHANGE |ingeis 55%

Closing Stock Quotations | LT

inic Speaker

Carl Palmen mess

Expect 1000 to Hear Sales Expert at Chamber of Commerce Meeting.

_ More than 1000 members and representatives of Indianapolis business and industrial firms are expected to hear Carl Palmen, Cleveland, 0., merchandising expert, at the

sales clinic at the Naval Armory tonight. : ‘Mr. Palmen will explain “The Fourth Dimension of Merchandising. The clinic, scheduled at 8 p. m., is the first sponsored by the Indianapolis Chamber of Commerce. Edward Zink. of Eli Lilly & Co, Chamber of Commerce vice president in charge of trade promotion, will preside. Frank R. Weaver, of

7.50 Hibben-Hollweg & Co., chairman of

the Chamber of Commerce committee arranging the clinic, will introduce Mr. Palmen.

GROUND BROKEN FOR POWER PLANT

Times Special a TERRE HAUTE, Ind, Nov. 17.— The new four million dollar electric generating unit of the Public Service Co. of Indiana, begun formally with ground-breaking ceremonies yesterday, is expected to be in operation a year from next February. Mayor Joseph P. Duffy of Terre Haute and R. A. Gallagher, president of the company, were among those attending the ceremonies on the banks of the Wabash River a short distance south of the City. The generator and auxiliary equipment, to be housed in a building adjoining the present Dresser power plant, will add 50,000 kilowatts of capacity to the present power resources of central and southern Indiana. The addition is part of a $6,400,000 improvement program. A power line to New Castle, doubling the power supply there, is under construction.

{| Chicago Stacks

® Va

BUSINESS AT A GLANCE

By UNITED PRESS Federal Reserve reports gold stock this week ‘up $103,000,000 to record high at $17,235,000,000; excess reserves of $180,000,000 to $5,170,000,~ 000; circulation off $25,000,000 to $7,384,000,000; brokers loans off. $4,000,000 to $463,000,000; commercial loans up $8,000,000 to $1,682,000,000; ratio unchanged from last week at 85.9 per cent vs. 83.3 year ago. ific ‘Co. and transcompanies (ex-

cluding operatio of solely con-

10: 1,280: | rolled affliated chmpanies) Septem10.50; lambs, | per net income

967,520 vs. $1,062,ne months nei in-

390 year ago; vs. net loss $9,293,-

come $1,724,389 444 year ago. | Union Pacific’R. R. Co. September net income $3,352,951 vs. $2,404,729 year ago; nine months net inconie $0,487,884 equal to $2.92 a common share vs. $8,746,408 or $2.59 yvar ago. International Harvester Co. quarterly 40 cents on common pay-| able Jan. 15 record Dec. 20 vs. like payment Oct. 16. International Safety Razor Co. regular quarterly 60 cents on Class

i} A payable Dec. 1 record Nov. 24.

Lily Tulip Cup Corp. quarterly 30

Ex alcents on common payable Dec. 15

record Dec. 1 vs. like payment

Sept. 15.

LOCAL ISSUES

The following uotations by the Indiando not repreBone share > Dut ry

mate based on buyin ro selling quotations of | De recent transact one. Bid asx

tocks 4 Auto Invest afk Tai com. L111! 3

RR & Stk Yds Beit RE & Sik Ve i 8 nik L T4

Wayne 1%: esos 14 8

op pid. 7% pid io ns Co com.

Haute Heo Col eres k Co ptd Camp Milk Copia,

ho Kune

ul! 2 see 2 | Noblesvill

“FOOD PRICES

Nove Mo nhs Ab ody a et bse

7 | was elected executive vice pres

YOUNG, SWOPE

TO RELINQUISH 6. E. POSITIONS

Name P. D. Reed ( Reed Chairman; Wilson in Presidency; Dividend Declared.

NEW YORK, Nov. 17 (U.P.).— ‘Owen D. Young and Gerard Swope will retire Dec. 31 as chairman and president, respectively, of General Electric Co., it was announced today at the board meeting of the organization Both officials, long associated with the company, will remain as directors and Mr. Young will have the title of honorary chairman and Mr. wope of honorary president. Philip D. Reed was elected: to succeed Mr. Young as chairman and C. BE. Wilson to replace Mr, Swope

‘| as president.

Directors also declared a dividend of 65 cents a share on the common stock for the fourth quarter, based upon estimated net income for the year. The dividend, payable Dec. 20 to stockholders of record Nov. 24, brings total disbursements for 1939 to $1.40 a share against the 90 cents distributed in 1938.

Age Given .as Reason

that Mr. Young and Mr. Swope will retire from their respective positions as of the end of this year “in line with the company’s policy” under which men in important adminis-

at the age of 65. Mr. Young reached the age of 65 on Oct. 27 this year. He became associated with General Electric as general counsel in 1913. Soon thereafter he became vice president and in 1922 he was elected chairman of the board. : One of the outstanding counsellors of the United States, Mr. Young has served on’ many government

man of the Federal Reserve Bank of New York. He is best remembered for his work with the Reparations Commission which attempted to solve the perplexed economic problems of Germany. His work resulted in the flotation of a German bond issue .in this country, which is known universally as the “Young” Loan,

Wilson a New Yorker

Mr.. Swope will be 67 years old on Dec. 1. The son of a St. Louis

Eleetric Co. in 1893 as a dollar-a-day factory employee. Since May, 1922, he has served as president of the company. Like Mr. Young, Mr. Swope has been active in governmental affairs. He served as assistant director of purchase, storage and traffic of the U. S. Army during the World War. Charles Edward Wilson, who will succeed Mr. Swope as president on Jan. 1, was born in New York City on Nov. 18, 1886. He became asso-

| ciated with the: industry at the age

of 13 as office boy for Sprague Electric, later absorbed hy General 3 | Electric. He worked his way steadily 4 | forward through the ranks of the company and in December, 1937,

dent of General Electric. Mr. Reed, who will replace Mr.

3 Young with the start of 1940, was

born in Milwaukee, Wis., on Nov. 16, 1889. He received his law degree from Fordham University in 1924, after receiving an engineering degree from the University of Wisconsin in 1921. While still a student at Fordham in 1922 he was appointed vice president and patent attorney for the Van Heusen Co. of New York. The brilliant young attorney became active in the patent field after his graduation from Fordham and in 1926 was appointed to the law department of General Electric. He became assistant to President Swope in December, 1937.

EXPRESS COMPANY PLANS TO TO EXPAND

NEW YORE Nev. I Nov. 17 (U. P.).— The Pacific Fruit Express Co., announced today that it will spend $10,000,000 for rebuilding and repairing refrigerator cars in the first six months of 1940. The new program brings the company’s completed ,and planned expenditures for equipment improvements since the beginning of this year to $20,000,000.

U. S. STATEMENT

WASHINGTON, Nov, (U. P.).—Government receipts and expenditures for the current fiscal year through Nov. 15, compared with a yea E a 0:

.. $3,563 831. 075; 07 0) 290% ,040,058,115. 095, i ,513,772, 2,

Customs

INDIANAPOLIS CLEARING HOUSE

networks and locally on WFBM at’

"IR. D. W. ‘Connor, national archivist,

The company’s announcement said

trative positions consider retirement |

missions and at present is chair-|

watchmaker, he joined the General | ~

95 | Yesterday

TONIGHT 6:30—Professor Quiz, WFBM. 7:00—~Kate Smith, WFBM. 8:00~Johnny Presents, WFBM. 8:30—George Jessel, WIRE. 9:00—-Guy Lombardo, WIRE,

Taking up his trusty trowel for the second time this week, President Roosevelt will officiate at another cornerstone - laying cerémony on Sunday. The site will be at his own home in Hyde Park, where the $350,000 library to house the Chief Executive’s private and public papers will be dedicated. On Wednesday he spoke ‘at similar ceremonies at Ihe Jefferson Memorial in Washingn. ‘The President’s 15-minute address is scheduled on ‘the three major

2 p. m. This means that the broadcast will cut off the New York Phil-harmonie-Symphony's first quarterhour. Other speakers will be Archibald MacLeish, Congressional Librarian;

and Frank C. Walker, The new library will house more than 6,000,000 manuscripts, collected during the President’ s 40-year public career, ” » »

Football airings for tomorrow include the Purdue-Wisconsin tilt on WFBM at 1:45 p. m.; Notre DameNorthwestern via WLW at 1:25 p. m., anc. Dartmouth-Cornell on WIRE at 1p. m. WIRE will pick up the Pur-due-Wisconsin game at 3 o'clock. ” ” ”»

(The Indianapelis Times is not res

|The Screen Guild broadcast wn day night ought to be quite a show,

uled to be among those present. time is 6:30 p. m., on CBS- « + +» Carole Lombard will be doing “Incredible Lady” on the same network Sunday at 5 p. m. . . . With the dial set at the sane spot, you may hear Claudette Colbert costarred with Orson Welles two hours later. The vehicle will be “The Gar= den of Allah. ss ® =

With all the current dlicussion of the food stamp plan, you may want to tune "in tomorrow morning to hear how it's working in St. Louis Try KMOX or other CBS stations at 11:15 a. m. ® 8»

“ Raymond J. Kelly, national Amer= ican Legion commander, will broadcast an Americanism address at 7 p. m, tomorrow on WSBT, South Bend. .

THIS EVENING

nsible for inaceuracies in program ane

notuncement caused by station changes alter press time.)

INDIANAPOLIS WFB (CBS Net.) Kathi rris Golden. toe Hollywood Scattergood Billy & Bett Hedda Hopper H. V. Kaltenborn Eurabess News

(NBO-MBS) Girl Alone Midstream Dick Reed Dessa Bvrd

Ensembl» Horace Heid Hoosier Sports Pleasure Time

Mystery Joseph Marias Dick Reed

SRA Anhh

ews He & Abner Prof. Gus

.DAIDD

Kats Smith »

Congert "

”» »

sreteler

INDIANAROLIS

CHICA Ouse WLS-WEN

CINCINYAT Net

(NBC-MBS) Kitty Keene Against Storm Jack Armstrong Preview Fred Kirby Biker 6 D Benton Lowell "thomas _ . Pleasure Time

4 Stars Inside Speris

Col, Stoopnagle Carson ,JKobinson

Anth Dinning Sisters Fanfare

Cottier Troph, ootball New ews Snorts

Discussion Club ‘Carson Robinson

Johnnie ,,Fresents First Nighter

Waltz Time Georze Jessel

Plantation Recordings

~ Plantation: Party George Jessel

Grand Central Man With Band

Lombardo’s Or. Behind

Slecee nunn

Jad fd > 53538 5853 5852 5853 5853 £553 6853

Kaye's or. Gleym Miller

ft =n

Recordings ” ” ”» ”»

Davis’ or. SATURDAY INDIANAPOL, WIRE 1100 (NBC-MBS) Dawn Patrol

Paul Sullivan Norvo’s Or, L. Noble's ‘or.

Bo dh dh So me ld esse se se &853

INDIAN AROL 18 WFBM 1230

(CBS Net.) Early Birds :

is *3

» ” ”»

Riciar Old Vien Vocations Serenade Forum . Hillbillies

Maxwell City na

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KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; | WHK, 1390: WHKC, 640; CKLW, 1030; WSM, £50. ; WOWO, 1160; WLS-WENR, 870; KWK, 1350, NBC-RED—WEAF, 660; WTAM, 1070; WWJ, 920; WMAQ, 670, CBS—WABC, 860; WIE, 150: WHAS, 820; KMOX, 1090; WBBM, 770.

ARMOUR PRO ITS SHOW LARGE GAIN

CHICAGO, Nov. 17 (U, P.) —Armour & Co., meat packers, which reported a $1,500,000 loss last year, estimated today a net profit of $6,500,000 for 1939 on the strength of general business improvement, George A. Eastwood, president,

ended Oct. 28 have not yet been estimates indicate a net profit in

Federal taxes and before dividends on the guaranteed preferred stock.”

DAILY PRICE INDEX

NEW YORK, Nov. 17 (U. P-— Dun & Bradstreet's daily weighted

average equals 100): sins einsnennsievev 11807 Week Ago irvesssevuse aves ss «1185.63 Month Ago virisasnsavevess 118.94 Year Ago ces esenssns 105.69

Slearings

® Call for your beer by brand name. There is a difference in the quality of beers as there is in the products that YOU imake or sell. When you definitely ask for "Hudepohl” . . . you are ordering beer of the

finest oaky Sainble,,

1939 High (Oct. 8) .....ev....119.66

00011939 Low (July 24) ..........101.40

Ol Roll, early 60 years |

0 4

UNION MADE

said official figures for the fiscal year|

audited “but preliminary figures and |: the neighborhood of $6,500,000 after] -

price index of 30 basic commodities, | 36 compiled for United Press (1930-32

{IMAI HITHER Hutnal

FIRE — CASUALTY AUTOMOBILE INLAND MARINE INSURANCE at substantial savings

Hudepehl Beer ks .made of choice natvd grains from the

Select domestic and illfull Enis