Indianapolis Times, Indianapolis, Marion County, 30 November 1939 — Page 12

- ori oe ! Toi Yok

NEW YORK, Nov. 30.—It is now difficult to pick up a magazine or trade journal which does no} stress the fact that the thing that is responsible for our depression, and which must be dealth with to end it, is the failure of long-term private investment. This was a very unpopular point to make at one time. To make it was Su to be a sign of surrender to the economic royalists. Many conservative writers talked about it but for reasons which were quite beside the point. ’ They saw particular industries hurt by it and urged it in order to stimulate those industries without realizing the dynamic effect which the investment had on all industries. As for the liberal groups, they ignored this subject with a magnificent scorn. They are now getting around to en understanding of the fact that private investment has collapsed and that something must be done to -revive it or the collapse continue. : 2 8 s BUT BOTH GROUPS—conservafive and progressive or liberal analysts of this situation—make profound errors in the treatment of the subject and both ignore the real cause of the collapse. The conservative thinks it is due to New Deal tinkering, whereas the collapse occurred long before the New Deal came into power. They think that strikes, unreasonable lapor leaders, money tinkering, various regulatory activities of the Government have caused the col-

lapse. The liberal groups do not offer very much as to the cause, but they are putting emphasis on the treatment. They seem to recognize the collapse as” incurable and demand that the Government itself go into the business .of investment. The latest is a plan for a Government corporation WE buy stocks in private co ations. tg res think the whole impasse can be ended by marely throwing the New Deal out and returning to what they call “free” industry. ° su NEITHER of these plans will work. ' As has been pointed out here the one thing is to examine the industries which come under the head of investment industries and clean out the debris which makes investment in them impossible. That is why the Attorney General’s ifidictment of sand-and-gravel men in New York for a trade agreement that boosted the price of sand 35 per cent and gravel 20 per cent is really .important. But the ¢ountry is honeycombed with these en® in the building industry. It’s a long job which ought to have been begun years ago. Each of the great investment industries has got to be subjected to treatment and that without delay and with vigor. Why is this ignored? Men have been demanding action against the building industry for 10 years. Now, all of a sudden, action is being taken. Why was this ignored so long? Why is honest, realistic action in the railroad world delayed? Why is the utility industry permitted to rock along leisurely into dry rot? The answer is because politicians and businessmen are unwilling to face the facts and because the one way to recovery is too unpleasant— too unpleasant as long as the comtively easy way of Government rrowing holds out.

EXPORTS, IMPORTS ~ GAIN IN OCTOBER

: WASHINGTON, Nov. 30 (U. P.). «The Commerce Department announced today that despite the war the. United States sold 14 per cent more abroad and bought 19 per cent more from foreign countries in Oc“tober than in September. Exports in October totaled $323,168,000, 18 per cent over the same month last year. Imports, valued at $215,281,000 in October, were up 21 per cent compared with October, 1938. The United States had a favorable trade balance of $681,192,000 for the first 10 months this year against $960,220,000 in the 1938 period. The 10 months export totaled $2,516, 978,000, a decrease of $56,137,000. Imports amounted to $1,835,786,000, an increase of $222,891,000 over the first 10 months last year. The export balance in October was the largest of any month since

: 0 . January, 1938, the Department said. |g Agricultural exports were 10 per|Es G&Fuel

cent larger in value in October.

&1, Non-agricultural exports were 21 per &

cent larger than in October, 1938.

PLAN TO REBUILD GOLFMORE HOTEL

Timés Special MICHIGAN CITY, Ind. Nov. 30.— The Golfmore Hotel, destroyed by fire Nov. 20, is to be rebuilt, Albert E. Berger of the Jay-Bee Realty ., Chicago, announced today. . Berger said the hotel possibly will be ready for the 1940 summer season. The hotel will be a 200room fireproof structure with din- ~ ing facilities and a cocktail lounge, he said.

DAILY PRICE INDEX

NEW YORK, Nov. 30 (U. P).— Dun & Bradstreet’s daily weighted ~ price index of 30 basic commodities, : for the United Press: (1830-32 average equals 100)

Yesterday .........ieiveess. 11798 Week ago esnnsviesissees. Holiday Month 880 ...cervesessesess 11791 NFORT AO ...:s-v...00s00.s0+ 105.T1 1039 High (Oct. 18)......... 119.66 1839 Low (July 29)..........

101.40

ON N.Y. BOARD: WHEAT RALLIES

Shares Gain Part of Losses When Shorts Cover; News Favorable.

By UNITED PRESS New York stocks dropped fractions to more than $2 today, stead-

early afternoon. Some experts regarded the decline of late yesterday and early today as a selling climax. As a result, they anticipated a technical recovery. On this theory, some shorts covered and a moderate recovery ensued. : U. S. Steel. recovered half of a loss that extended to more than $2 and Bethlehem also improved substantially. Chrysler held slightly. above its low, but showed a loss of more than $1. General Electric came back to its previous close,

Construction Advances

U. S. Rubber substituted a small advance for a decline. Pennsylvania

will | Railroad and. Consolidated Edison |

also were firmer. : Business news continued favorable. Engineering construction awards held at a high level. Inventories were reported by the Industrial Conference Board at a high level. : The 6utbreak of hostilities between Russia and. Finland stimulated a moderate advance in wheat futures after an irregular opening on the Chicago Board of Trade. December wheat climbed above 90 cents a bushel to a new peak for the season. London Sells

At the end of the first hour wheat was up % to % cent, corn up. % to 5% cent, and oats 3% to 3 cent higher. Soviet invasion brought a precautionary marking down of security prices on the London Stock Exchange but little sell ing developed and late prices Were up slightly from the early lows. American shares were steady, hold-

York closing levels.

PROTEST MADE ON COAL PRICES

State Chamber of Commerce Claims Indiana Rates ‘Excessive.’

A protest against minimum coa rates established by the Bituminous Coal Division of the Department of the Interior was made today by the Indiana State Chamber of Commerce. Submitted by H. A. Hollopeter, the chamber’s traffic director, the protest states

Illinois.” This, the protest states, nois an undue preference and advantage.” Second objection outlined is that the prices “would not be uniform as between the various communities” of Indiana. 3 2 The protest maintains that higher prices were on Indiana coal

reported weighted average cost of substantially lower” than in Illinois.

out, is the $1.65 per ton cost in Indiana’s District 11 and the $1.77 per ton cost in District 10, Illinois. “Notwithstanding this difference in the cost of production, the price proposed for Standard Fifth Vein Indiana screenings is $1.45 to a sub-

were priced at $1.25 per ton.” Mr. Hollopeter pointed out that price for fourth vein lump coal in the Linton-Sullivan district, at the mines, is $2.07 for Terre Haute buyers, $2.50 for Indianapolis, $2.50 for Hammond and $2.37 for Lafayette.

Curb Stocks

. Ni High Low Last Cha Alum Co Am...13 130% 130% — Am an B .:;. 31% 31 31 Ark Gas A.. 2Y% ATk N Gas cu pf 7% Asso G&E A .. 7-16 Bath Ir Wks ... 9% Carreir Corp .. 10% Carrier Corp .. 10% Cent St Elec .. Cities Serv .... Cities Serv pf.. So wits...

Five

— Ys

Loc! ir. McWms Dredge. 177% Midwest Oil ... 73% Molybdenum ... 533 Nehi gory. 314 Niag H Pwr ... 6% Eeppersi Mig. 84 pere. g .. 84 Pitts Plate .... 99% eee 92Y 43%

. 13%

12% f. 90%

90%,

13;

Wright Harg .. 6%

Chicago Stocks

8 co one BET

U. S. STATEMENT

ernment expenses and receipts for the cur. rent fiscal Jear {hrough Nov. 28, compared , . ? y

STOCKS LOWER

“that the minimumig¢ prices proposed for coal produced|S Ba within Indiana are excessive as|c compared to the minimum prices for |g

“would accord competitors in INi-|Sh

- e the “notwithstanding the fact that the|gd

An example, the Chamber pointed |S

Crown Zeller ... Cruciblye ot vee 3

stantial portion of Indiana, Com-|Dist parable coals produced in Illinois|pe

age

iv u Yl

4 Nat

ASHINGTON, Nov. 30 (U. P.).—Gov-|}N

ied and rallied from the lows in the|

Bo No

Bet

The

Adams E Alleghop Allegh Allied Che

Am Car & Am Chain

&F Pwr

Am Am L Am Am

ing narrowly around previous New| Am S

Am Zinc Anaconda Armour II Armstrong. Atchison

Atlas Corp Atlas Pdr

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production of coal in Indiana is|S3tY

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Curtiss-Wr Curtiss-Wr

Deere p D Lac

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Eaton Mig

| Eng “|Erie 2 pf ..

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Am Colorty Am

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of Finland |apy

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Xp... 8 pf $30 12% ud Stl. 21% m 172

ce 13% 9%.

e. 11 pf 46% Fdy. 30% & C. 22

e . $7 pf 253% ee. 24%

1 ae Ck . 37 2

All C Line ....

3 pf...121 6%

uburn Auto .. Aviation Corp ..

18% eer OY . 15% eves 33Y2

COMIN HA ata wD

aft .

A...

Deere & Co ..

Mines .. 22 Douglas Air ont ...

see BYa «oe. 176% 17 Ei

East Air Lines. i

ce sees

Ys : 104

20% 20%

cases 10% . 45% ns a vo 53% pf...124% vous 1438

.vse 30 Cp.. 17% fi 1% 3s Bi... 12%

Hud Bay M&S.. 25

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t Mesta Mach

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Biscuit ... 22 Bnd & Sh. Dairy .... 1 t Gypsum .. 2 t Pwr & Lt. 8%

Nat Steel 7% Nat Sup Penn..

NY | Norf

Norf & W »308 7| No. Amer

Central oxi 3 NYC Qianibus 4 & 6

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Safeway br) Schenley Dist pf 74 Seabd Air L...

Year ago ....... Shares eas 148.63 —1.19 High, 1939, 155.92; low, 121.44. High, 1938, 158.41; low, 98.95.

20 RAILROADS

a Month BBO .cccosssosonsass

Year ago ...... heats nn 20.78 +0.02 High, 1939, 85.90; low, 24.14, } High, 1938, 83.98; low, 19.00, 15 UTILITIES

sl - Yesterday ..c..iss0e. 5 Week ago ...

Month a0 ....cccoceee Year ago ....coes seaweed 22.10 —0.05 High, 1939, 27.10; low, 20.71. High, 1938, 25.19; low, 15.14.

High Low

eos 23%a 23 9 9%

Net Last Change No Am Avn 23% Y, No Pacific ....

s Otis Steel .... Owens Ill Glass

kard an Am Airways Paramt Pict

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Procter & G.... 63 Public Serv .... Pullma «3

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Ulen & Co ..... Union Carb .... Un Aircraft Cp.

84 42 Un Air Lines... i United Co ave

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we een Jalker (H) ... 34% 34 7alworth 6

Jarner Bros .. 3% 3% & 8S .. 21% 21% Jest Union ... 25% 25% Jest Air Bke.. 26 26 esting ...108%2 108%2 Jheel Steel ... 32 31a Thee] pf 75 5 pf.. Nhite Mot .... 11% 11% oodward Iron. 25 25 ! Ye

Yale & T ..... 23 23 23 Yellow Tr 17% 18 Young Sheet .. 45% 45%

EVANSVILLE DEPOT LEASED FIVE YEARS

Times Special ‘

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SEER

Vanadium Va-Caro

6 37% 21% 25% 2 108 31 5

96 11% 25:

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mer C. & E. 1. Railroad station at Eighth and Main Sts. here for five years, effective Jan. 1, 1040. . Homer Lee, company president, said the building, empty since July 14, 1935, except for a few C. & E. I. offices, will be remodeled for offices and salesrooms. ; The depot was completed in 1908, replacing the old Evansville and Terre Haute Railroad station which occupied the corner many years. When the C. & E. I. Railroad took over the Evansville and Terre Haute

local passenger and freight trains.

LOCAL PRODUCE aieavy, breed hens, 5 1bs. and over, 11¢; under.

“EVANSVILLE, Ind, Nov. 30.—The| Lee Motor Sales has leased the for-|

Railroad the station was used for all | In}

? PE

at x ling’ Institute, Inc., i . no 1 er” ig

Substandard houses like the one pictured above (upper left) have been replaced with modern low-rental dwellings (lower photo) built by the Vincennes Housing Authority. right) is made of fireproof materials.

N.Y. STOCKS

Set: A DOW-JONES STOCK AVERAGES Last Change }

building under construction (upper

HOUSES BUILT |: AT VINCENNES:

1st U.S. Authority Project In Indiana ‘Will Be Ready Feb. 1.

Housing Authority low-rental home

for occupancy about Feb. 1, Walter E. Stanton, State Housing Board secretary, announced today. Eliminating substandard houses which were .regarded by State and City authorities as unfit ‘for habitation, the slum clearance program was developed by the Vincennes Housing Authority, aided financially by the U. S. Authority, Mr. Stanton said. ; Several low-rental projects have been financed entirely by Federal funds in Indiana during the last five years but the.Vincennes structures are the first to be built under the Housing Authority setup. Vincennes families ‘hose annual incomes are from $500 to $800 will

homes, which are located on a fiveacre site once known as the city’s slum section. : “The monthly rental is estimated to be $9 to $12 per unit depending

= %|upon the number of rooms required

by a family,” Mr. Stanton said. “The dwellings were constructed 85 an average cost of $2300 per t.” ; RP

approved 1761 additional low-rental dwellings in four other Indiana cities. They are in Gary, Hammond, Muncie and Kokomo.

4 LOCAL

BUSINESS

‘Approximately 50 representatives of the Businessmen’s Assurance Co. will meet Saturday at Hotel Lincoln for an all-day conference on new policies issued by the firm. | :J. C. Higdon, formerly of Indianapolis and a DePauw University graduate, will be principal speaker at the banquet to be held in the evening. Mr. Higdon is vice president of the underwriting company with headquarters at Kansas City,

0. Other speakers will be Noel Iiams, life, health and accident manager of the local office, and F. W. Moller, manager of the ‘hospitalization

,|Adams Declares Extra

An extra dividend of 30 cents per share on the common capital stock

ig|of J. D. Adams Manufacturing Co. ‘|has been declared by the board of| ge; RR

directors at a special meeting here.

stockholders of record at the close of business, Dec. 11, 1839.

; Apartment Sold

The Ortiz apartment building 1112 Central Ave., has been sold by William Bartlett Jr. to Ortiz Apartment, Inc., the Hargrove Realty Co. Inc, ‘announced today. Amount

is|paid for the three-story, 28-unit

building was not disclosed. Incorporations

preferred and shares common of $1

Pe atiord Truck Co., Inc., Henders Marion; agent, Jolin Wagoner,

vate: i

Marion; 1 shares manufacturing and selling t , trac ete ts, Perry H.

.: Horace Coat A , Bess Bressler. Per ey The Northwestern Ave, Indianapolis. and of agent to Ora A sley, 330. Northwestern Ave. Straube Pianos, Inc., Hammond: ghange io t to Walter Schrage Jr., ’ am 8St., Ha to

's, Inc. Anderson: change of agent Roy 'M. Williams, 835' Meridian St., AnWabash County Bo s Assn. IliNOL ora adwited OS A iain. John IT. Good Fletcher Trust BI John T. Goodnig address; 1000 shares of 2 par value; insurance agency; May osea, Clara 1. Hosea, John 'T. © C. F. Haglin and Sons, Inc. Minnesota corporat, on; eed ns ans innesoia general constructio! usiness. ts Finance ’ TD. anapolis; changing name to Automobile

t Inv eh ‘corp. Au ile vestment Corp.. amendent Shanging name to ts Finance 0., Inc., an other: amendments. Thdiana Rural Rehabilitation Corp. Inbo ha oo {o. Products, Inc. Elk . &W, i cts, ¥ - hart; registration of trade-mark, ‘‘Miracl 8h Jesintrs © chemicals, ‘medicines and pharmaceutical prep

Greenw

I study courses in’ tech lian 8

- | Service reported.

| vision. : | Vealers {quoted at

: M Indiana's first United States

project at Vincennes will be ready|3ood

be eligible for tenancy in the|top

The dividend is payable Dec. 20 to|§:

Vo! ut Hardware Co., Indianapolis; reorganization: capital stock, 2000. shared C:

Ave. Froauois | nd Tel 5% = 1 par |Indpls Railway 5% 67 cH Brad ye OA Bh th St. | Bota to 3303

t ney, Inc. 603] 1 anol agent

“THOGS ADVANCE

: Estimate Receipts at 7000;

Top Goes to $5.85; « Vealers Steady.

gained another 10

| cents at the Union Stockyards here ‘|today, the Agricultural

day, Marketing _ The gain, ‘made in all weights, duplicated yesterday’s advance and brought the top price quoted upto $5.85 on the 160 to 180-pound di-

were steady with a top $10.50. Fat lambs sold strong to 25 cents higher. ne. BRthi 28... 568 11 oes 00 2500! 29 5.76 21 oer 7079 Barrows and Gilts | Packing Sows Good and :|Good and Choice— Choice— 270- 300 $ 5.10- 5.25 20- 140 $ 5.45- 5.70 5.00~ 5.15 - 160. *5.60- 5.85| 330- 4.95- 5.05

T 24 ...8 6.1 25 - 29 .... 5. 15 14,000{130 ..., 5.85:

1 160- 180 1 200 4,90- 5. 4.85- 4.95 4.75- 4.90 edium— - 500. ” x 3 Slaughter Pigs Medium and Good : : 90- 120. 5.10- 5.45 160- 200. 5.35- 5.60 Slaughter Cattle & Vealers (Receipts, 692)

Steers . Bulls Cheice— . (Yearlings excluded) 750-900 $10.50-11.25| Good ..$ 6.50- 7. 900-1100. 10.25-11.25|Sausage— 1300. 9.75-10.75/ od ... 6.25. 6.75 1500. 9.50-10.25| Medium . 5.75- 6.50 Cutter and 9.75-10.50| Common _ 5.00- 5.75 9.51-10.50 ealers .$ 9.50-10.50 and

: -10.5 * 9.00-10.00] choice 8.75- 9.75|Common | Good

8 00- 9.50] 7.75- 9.00{Cu

450-1100. 6.00- 7.75] Mi Steers, Heifers xed 500- 750. 10.50-11.00

500- 750. © 9.50-10.50 Chol Heifers olce— 750- 900. 10.25-11.00 750- 900. 9.00-10.25 7.50- 9.25 5.715- 7.50 : ws od ....$. 6.25- 7.00 Medium.. 5.50- 6.2 Cutter and mmon .- 4.50- 5.50

co Canner (low cutter).

Roce, a. bo (Receipts * Foot poker Cattle, Calves Steers Choice— 500- 800.. 800-1050. ood— 500- 800.. 800-1050. . Medium—

500-1000. . Common 500- 900 .

9.00-10.00 8.75- 9.75

8.50- 9.256

6.00- 7.00 Medium Sy n good ....$ 5.50- 6.25 Calves (steers) 5 Good and Choice— 500 down $ 9.25-11.00 Medium— y 500 down

3.50- 4.50! Goo ve®

. 8.00- 9.25 (heifers)

e — 2 500 down.” 7.50- 8.75 SHEEP AND LAMBS (Receipts, 1408)

L: Good and choice Medium and good Common

Ewes (on shorn basis) Good and choice

Common and medium 335: 490

2.25- 3.25

CHICAGO LIVESTOCK

Hogs—Receipts, closing active, mostly 10@15¢ bulk. good and choice. 160-250 Ibs., $5. 70; Po: $5.75; bulk 260-300 1bs., [email protected]; few 325-400 1bs., [email protected]; most 300-400-1b. sows, $4.75@5; light butcher kinds around: $5.10; bulk 450-550 lbs., [email protected]. J Cattle—Receipts, 3500; calves, 1000; vearlings ang NERt eer fay steady; early rcial yearlings, - ; show throwouts, $11.50; bulk riotly steers in today’s cro national carlot throwouts; $11.50; market still d good Selghty steers scaling 1200-15 everal loads of value to sell at $8.75@ D.25; otherwise not much beef in run; heifers steady to weak; cows steady; bulls ess active at $7 down on sausage offerngs; ‘vealers, $9.50 down, with sorts at $7 @8: common and medium light’ steers, $7 @8.25 mostly. ) Sheep—Regeidts, 5000; fat lambs fairl active; good to hole 3a, shippers, 14 own; one load $9.15: packers talking, [email protected]: double good slaughter yeargs, $7.90; sheep about steady; native ewes eligible, $3.75 @4.50.

OTHER LIVESTOCK

CINCINNATI, Nov. 30 (U. P.).—Hogs— Salable, 2500; holdovers, 60; active, gener= ally 15¢ higher; sows, steady; sob, $5.95; 200-225 1bs., $5.80; 100-140 1bs., $4. [email protected]; sows mostly $4.50 down; smooth lightweights aroun 75. Cattle—Salable, 500; total, 525; calves, 250; fairly active on limited supply, yearlings and heifers firm, few part loads [email protected]; 1b. short fed heifers, $8.25@89. yearlings scarce; common: and steers, Jeatlings and heifers mostly $ 75; fat beef cows, $5. 50;

con

00. 1bs.;

8 but

7 and ' cutters,

: ] steady to weak, but some interests tal ing 25¢ or more lower:- few good and choice truckedin lambs, [email protected]; common and medium, [email protected]; Jlaughter ewes mainly $2@3; choice lightweights eligible higher.

FT. WAYNE, Ind., Nov. 30 (U. P.).—Hogs 5¢ ‘higher; 160-180 lbs. .75: 180-200 1lbs., $5.65; 200-220 1bs., $5.55: 290-240 1bs.. $5.45; 240-260 1bs., $5.35, 260-. ; 280 300 1lbs., $5.15; 300 1bs., .05; 1bs., $4.95; 350-400 1lbs., $4.85; 140 $5.60; 120-140 lbs., $5.35; 100-120 lbs., $5. roughs, $4.26 Lambs, $8.50. LAFAYETTE, Ind., Nov. 30 (U. P.). — Market 10c higher; 160-200 lbs., [email protected]; 200-250 1bs., [email protected]; 250-335 1bs., $5@ 5.30; pigs, $5.50 down; roughs, $4.75 down. alves, $10. Lambs, $9 down. :

LOCAL ISSUES

The following Suotations by the Indiand & Share Corp. do not represent actual price offerings, but merely indicate the approximate market level, based on buying and selling quotations of recent transactions. ; Bid Va

; stags, $3.25. Calves, $1

looks Dre, Inc_co ve Ind Hydro Elec 7% pfd Ind & Mich 7% pid. x)

Nat Li Ind Pub Serv 52% pfd Ind b Serv 6% pid Ind Pub Serv 7% TORTCSS

Pub Serv

Ind G Union Title Terre Haute Elec oe Van Camp Milk Co com . Van Camp Milk Co.nid ceases

on American Loan 58 51 American Loan 5s 4 Citizen Ind Tel 4% Crabbe. Re Old ome T&T Ft Wayn Home T&T Ft Wayne Ind Asso Tel 42% 65

er T&T 5% ndpls Water 3% 62. Wi

Muncie Water 5% Natl Silk Hosiery Milis Noblesville HL&P 6% % hio Tel

Haute Water Wk 56 ...100 d te ks 5% 94... Righmon rater TW 2% 40 ve Tract Term Corp ...- Fer vnsere 74

Visit

Don't Miss This Opportt

| Bing Crosby. The crooner was sav-

| Bob Burns returns from vacation

oo| Frank Travis, baritone. (NBC-WIRE

.8.00- 8.75. 7.00- 8.25

1500 own § 8.75 9.75 own i0= 8. Mediu

| smoocmoe

PREDICTS END OF

| while to catch its breath.”

, | reserves, the apparent absence of

7:00—Ask-It Basket, WFBM. . 8:00—Good News, WIRE, 8:30—Town Meeting, WENR. 9:00—Music Hall, WIRE. 9:00—Workshop, WFBM.

‘The majority of Americans were thankful a week ago today, but not

ing his gratitude for tonight, when

and relieves Brother Crosby of some of the work on his weekly broadcast 9 2. m,, NBC-WIRE). ong with Bob will be Annabella (Mrs. Tyrone Power), Florence George and Harry Carey, the old cowboy star who showed definite signs of a comeback in “Mr. Smith ‘Goes to Washington.” This will be Mrs. Power’s first experience with the Crosby-Burns informal ritual, 3 f » ” The name of ailing Joan Fonta has been scratched from the Laine News” guest list this evening. InStead Tay Wray ks slated to do the An a one-act radio play, “ in 20 Attic.” pay Tove 0 other guests will join Miss Wray and the regular entertainers— Lou Holtz, the dialect comedian, and

at 8 o'clock.) ” » #” Something to think about—if taste is so inclined—is offereq. oc 8 p. m. on NBC-WENR. Speakers on the Town Meeting of the Air

tion: “what in Make?”

¥)

Kind of Peace Can

discussion among M dus, author and lecturer; Frederi E.- Aughagen, editor’ of Today's Challenge; Linda Littlejohn, president of Equal Rights International and John Gunther, author and radio commentator, | a 8 8

An unpublished sonata for clarinet and piano by Mendelssohn will be given what is thought to be its first American performance on CBS at 3 p. m. tomorrow. The players will be Eric Simon, clarinetist, and Dr. Felix Guenther, pianist. The sonata is undated, but is believed to have been. composed during Mendelssohn's residence in England. It was the property of Sir George Grove, famous musicologist, who released it for performance in

Bo you celebrated Thanksgiving last week? So all right, Parks Johnson and Wally Butterworth present you Santa Claus—in person—on their Vox Pop program at 6:30 p. m., CBS-WFBM. This particular Santa Claus will be heard from Macy's store in New York, where he’s already holding forth in the toy department. * » 8 ”» Secretary of Agriculture Henry A. Wallace, speaking from Oks City, will discuss “The Cotton Situation” during the NBC-WLS Farm

program will consider the ‘pertinent ® 2 =» ;

(The ‘Indianapolis +

INDIANAPOLIS -

: Kathleen N Golden hynareis Hollywood Scattergood

Bill Playhouse: Maj. G. Elliott European News

Girl Alone iok Reed ‘Byrd Sovelling Ree ta Claus semble oris

ooo aes S853 | 5858

Sp: Pleas A Mystery Time en’s Or, Reed

News ' Yichacl Loring M 5. Fon, Die Askit-Basket Man's Family Strange ,As Seems Major Bowes » ”»

Good News

Workshop

ible & Life - I5__ Singing Cop

Amos & Andy News ‘Benny Goodman

Music ‘Hall ”» ”» ” ”»

”» ”

Shes) mun, 5853

. :

News ‘Lucas’ Or. Himber’s Or, Paul Sullivan

Chester’s. Or. Owens’ Or

Regordings

” ”»

et hh rad bh {ood ed fond, —— SDOD

INDIANAPOLI WFBM 250° (CBS Net.) Silent Dawn "” Marke Dawn Patrol »

Patrol ts .

[- 1oo oe

Early Birds

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BUSINESS UPTURN

Business needs time to “catch its

breath” and indications are that the current high level of industrial activity will not carry over Very far into the new year, the magazine Banking said today. “ wee continues at a good level,” the official publication of the American Bankers Association said, “put the test first of the year. “mxperience and, to some extent, statistical evidence indicate that this autumn and early winter pace will not carry over very far into

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FRIDAY PROGRAMS

INDIANAPOLIS WIRE 1400 (NBC-MBS)

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KEY NETWORK STATIONS (Subject to change): MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850. WORO,. 1160; LS EA 870; KWK, NBC-RED-—WEAF, 660; WTAM, 1070; , 920; CBS—WABGC, 860; WIR, 750; WHAS, 820; KMOX, 1090;

‘NEW YORK, Nov. 30 (U. P)—|¢

will come after the |i

1940. : “War buying may provide something of a cushion, but any period of recovery that has progressed as quickly as this one will need a little

The magazine said that the real basis for advance still is domestic| demand, particularly for capital goods but added that we still face “the confidence-shaking national deficits, the dizzy buying of gold and silver, the rising pool of bank

any brakes on the credit machinery, and the distributing - uncertaintie

of an approaching el ..- WAGON WHEAT

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FOREIGN EXCHANGE

NEW YO! Nov. 30 (U, P,).~~Followin are noon ORE: $

-on major currencies: rates 0! able ele England . (pound) .....$3.88 —03:" England. (Pond). ....- $3.08 00% France (franc) ... =.0001%

ti ah R —.0002%2 Unqu +. +

_+.0001 7.00001

TK) <ceece” witzerland (franc) ... .2243 Holland {guilder) cesee D309 Sweden (krona) ....... «3 Norway (krone) ... Denmark (krone) .. Japan (yen)