Indianapolis Times, Indianapolis, Marion County, 22 December 1939 — Page 20

PAGE 20

[—

NEW YORK, Dec. 22.—The investment bankers have made a wise suggestion to the Temporary National Economic Committee. They have suggested that that body investigate the cause of the failure of capital to flow into new investment. Although everything that comes from investment bankers nowadays is subject to suspicion, nothing, surely, could be fairer than this. The writer appeared before the TNEC in the early days of its hear-| ings at the request of the Federal] Trade Commission. That subject] —failure of investment and the rea-| sons for it—made up the major por-|

tion of nearly three hours of testi-|

mony. There has not been much heard on that subject since.

tJ » 5 GENERALLY I submitted--along

with statistical tables and charts]

~—these general propositions: 1. That today, after six years of

Government spending and our Socalled recovery efforts, commercial bank loans of our banks are not materially any greater than they were in 1933 at the low point of the depression, 2. That the flotation of new securities for the purpose of wall

ing new capital into industry was]

so small as to be almost negligible. 3. That building operations—if publicly supported building were

left out—are so small as to be un-|

important. As this failure of investment is the immediate cause of the depression and as there will be no lift in business until investment is revived, the most important question before this country is—why is investment at a standstill? That being so, how could the TNEC use its time and energies better than to attempt to answer, that question? = = =

BUT THE WAY to study that is

not the way suggested by the bank-

ers. One of the most foolish things that all investigating committees do in Washington is to call a lot of | people there to give their opinon' of what is wrong or what ought to be done about it.

What the committee should do is|

SWINE PRICES FIRM IN TRADE AT STOCKYARDS

Few Special Lighter Lots Advance 5 to 10 Cents; Vealers Drop.

Hog prices held steady at the Union Stockyards here today, the Agricultural Marketing Service reported. Broad demand for lightweights stimulated a 5 to 10-cent gain on some lots, however. An extreme limit of $6.25 was paid although the { practical top was $6.15 for 160 to | 180- pound hogs. Packing sows were | 10 cents higher.

| Vealers dropped 50 cents bring-

ling the top to $11.50. Fat lambs were 25 cents higher and yearlings up 25 to 50 cents.

i Rents. 'Dec. Top Reots. $ 615 6847 6.15 6312 6.15 5538

Dec. “en's 3 2 55

21 8919 22 RN

Barrows and Gilts | Good and Choice— 120- 140 8 5.350- 160 5.70

Packing Sows od and Choice— <70- 300 $ 4.75- 485 . 4.70- 4.80 4.65- 4.75

4.50- 4.70 4.40- 4.60

4.35- 4.50 Medium - 250- 500 4.25- 4.60 Slaughter Pigs Medium and Good— 20.. 5.25- 5.50

“3 or

Sons ~

bt 0 fn 180 BI EI BI pe

[2 IL

| 160- 200. 5.50Slaughter Cattle Codon

& Vealers (Receipts, 546)

Bulls Yearlings excluded) .$ 6.50- 7.25

6.50- 7.25 6.25- 7.00

900- 1100. 1 1100-1300 1300-1500. Good—

2-20a00a and 0.35/ choice .. 10.50-11. 50

mmon ana ~10.00,C; 7.00-10.50 5.0

1100-1300. 1300-1500 Medium— 750-1100. 1100-1300. 7.50- 8.75] Common — { 750-1100. 6.25- 7.50 Steers, Heifers Cholce. Mixed — 500- 300. 500- 750. 9.00-10 2s 800-1050. Good— Good — 500- 750. 9.25-10.25 300- ho Heifers Medium — Chol | 500-1000. 750- 900. 10.00-11.00 ‘Common Good— 500- 900. 750- 900. 8.50-10.00! Medium— 500- 900. %.25- | Common 500- 900. 6.00Cows ..$ 4.503.75-

! i 7.75- 9.25.C

9.00-10.00 8.75- 8.00

8.508.00-

7.006.00-

7.25 ‘Good and Choi np Gown 0 251 11.00

Yediu 7.00 M00 = wn 8.00- 8 6.50 Calves Siar

Good — 5.50, 500 down $8.75- 9 Medium — 4.50) 500 down

| Good . | Medium i Cutter and common Canner (low cutter)

9.75 7.50- 8.7

to ask at least a dozen of the most]

eminent economists in America to

prepare themselves and then appear before the committee and give y the results of their informed and expert opinions,

It should also ask at least half .

dozen of the investment bankers who are noted in their own ranks as profound students of investment theories and uvolicies to prepare themselves and come before the] committee with their contributions) of facts and wisdom. And third, it should name a small | committee, say of three competent] economists and investment experts, to make a factual study of the various great investment roads, utilities, industrial expansion and building construction—to report on the causes holding back investment in these separate fields, That might get us somewhere.

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not represent actual price offerings, but merely indicate the approximate market level based on buying and selling quotations o recen transactions Stocks Bid A Agents Finance Co Belt & Stk Yds com Belt RR & Stk Yds pf Cent Ind Pow 7% pid Hook Drugs, Inc.., com Home T&S Ft Wavne 7% *Ind & Mi ch Elec 7% pfd.. Ind Gen Serv pf Ind Hydro Elec % ‘pra Indp! Is Gas com . *Indpls Pow&Light 8% ‘pid : *Indpls Pow&Light 8%% pfd.. *Indpls Water pid incoln Nat Life Inc com ..... *N Ind Pub Serv 5':7% pfd ... N Pub Serv of Ind &, pid... 99 N Pub Serv of Ind 7% pfd.. Progress Laundry WN Pub Serv Co of Tha 6 » pid... Pub Serv Co of Ind 7% Bid. S Ind

sk 551 701% 14 53%

‘103% 871%

10215 | 102

Gas & Eles 48% pid... Terre Haute Electric pfd Union Ttitle Co com ........s 2 Van Camp Milk pfd . Van Camp Milk com .... Bonds

5s 48 Citizens Ind Tel 4's 61 102 Crabs Ry Taylor Co 5s. 97 Home T&T Ft Wayne 512% 55 103 Home T&T Ft Wavne 67 43...1 Ind Asso ND Co 415% 65 Ind Tal Co 5 60 eee Indpls Ratlway Inc 5% 67 Indols Water Co 32 Interstate Tel&Tel Si, % 353...101 Kokomo Water Works 5% > 58.. Kuhner Packing Co 4'2% 49.. Musris 5&10c Stores 5% 30 ... Muncie Water Works 5% 65... Nat Silk Hosiery 5s 42 Noblesville HL&P §'2% 47 Public Tel Ca 442% 55 Richmond Wat Wks 5% 57... Terre Haute Wat Wks 57 56.. Terre Haute Wat Wks 67% tac Term Corp 5% 57 ‘eEx-dividen

FOREIGN EXCHANGE

NEW YORK, Dec. 22 (U. P.).—Follow-

ing are noon cable rates on major currencies: Cable Net Chan <4-.00% <+.00'% +.0000%%

1 00011% Unquoted |

England (pound) Canada (dollar) rance (franc) Italy (lira) anne n Belgium (belga) Germany (mark) Switzerland (franc) Holland (guilder) Sweden (Krona) Norway (krone) ... Denmark (krone) Japan (yen)

Mississippi’s

areas—rail-|

Customs... 2

ge and White Rock roasters, 4 lbs.

SHEEP AND LAMBS

Lambs

(Receipfs, 2991)

Good and choice .“n Medium and eva ve Common

Ewes (on shorn basis)

Good and choice Common and medium

CHICAGO LIVESTOCK

Hogs Ibs. down, 25@¢ butchers, 15@25 ¢ >; bu 160-220 1bs., $5. 85 6. 15: Pi20- io’ tbs. $5 60 | @5.90; 240-270 Ib. butchers most $5.40¢ 5.65; few 270-330 Ib. averages, S 2545.50; | bulk good 330-500 1b. | 485: few butcher kinds up to $5. Cattle —500; calves—200; killer demand | for medium to Very narrow, trade weak to 25 cents lower, no realible outlet for medium to good | heifers: bulk supply bei ing, taken off market following 25 cents lower bids; average good | C | grade steers not reliably wanted if He | | cattle carry much weight; few loads, $7.25 @8: also few loads at $8.65@9. 2 with best | vearlings at $10; only odd head at $10.2 no strictly choice cattle here and St supply lower grades being taken off marKet; cows active, firm; bulls steady: vealers strong. cutter cows up to $5.25 and better; very few beef cows in crop at $5.304 6.25; wei ighty sausage bulls up to 7.25; supply small; vealers $10.50 down, few $11; stock cattle dull; selection narrow.

Shee $000: la fully 4 ¥ earlings,

cep— 10@ 15 cents higher; ;. near choice | sheep steady; native ewes, [email protected]; | day's trade fat lambs active; early sales | 10@15 cents higher: good to choice wooled | lambs 101 lbs. down, [email protected]; two decks good to choice 97 -1b. fed lambs carrying | around 90-day fleece, $8.50; steady: light weight slaughter ewes quotably $4.50 or above; others around $3.75@ 4.25; feeders scarce.

DAILY PRICE INDEX |

NEW YORK, Dec. 22 (U. P).— Dun & Bradstreet's daily weighted | price index for 30 basic commodities, compiled for United Press (1930-32 average equals 100): | Yesterday .... Week ago “ Month ago ... ve Year ago 1939 High (Dec. 18) 1938 Low (July 24)

206 Songs Bish els

nis

heavier

123.19 121.98 | 117.99 105.33 | eens 124.19 | 101.40 |

U. S. STATEMENT

WASHINGTON, Dec. 22 (U, P.),.—Government expenses and receipts for the current fiscal vear +hrough Dec. 20, compared | with a year ago Last Year

This Year . $4.527.057.947.44 $4,311 535,122.89 2,666,791,583.91 2 834,284 838.47 1,860,266,363.53 1,477,250,284.42 | 1,841,919.863.53 1, 433353884. 42

. 2,582,810,475.76 1,876.019,719.05 2. 564, 438! 047. 38 39,406,456,112.98 14,432,055,261.72

41, 833. 612,289.20 17,575.033,859.03 169,174.353.35 156,437,717.08 INDIANAPOLIS CLEA CLEANING HOUSE Clearings 3, - gd Debits 37,000

LOCAL PRODUCE

Heavy breed hens. under 5 ibs.

Expenses Receipts Gross def. .

5 Ibs. and over, llc; 9¢; Leghorn hens, 7c: Barred and over, 9c; colored roasters, ¢| under 4 Ibs, 9¢: heavy Leghorn stags, cc: LegIbs. and over, 15c: 7 los.

12¢; under 4 1bs., Ibs. and up. 10¢; | breed stags, Te, | horn broilers, 2 {and over, 13¢ No. 1 strictly fresh country run eges. c, each full case must weight 55 Ibs. . a net deduction of 15 cents Jor each | 1 case under 55 lbs. will be ma 1, 30, 83c; No 5 ‘291; | 30c: butterfat—No No. 2. 26¢

wale: (Prices qt Roteq by Wadley Cc.;

Hunt for

Industries Defended

By VIRGIL FULLING Times Special Writer (Second of a Series) MERIDIAN, Miss, Dec. 22.—Clinton Vinson, the bustling mayor of Meridian who gave $2500 of his own | Honey to help bring a shirt factory

Mr. Cottrell becomes emphatically articulate when mention is made {of “free taxes” for industry in Mis'sissippi.

| “We gave the shirt factory here! | $3000 & vear in ad-valorem taxes.

vit

Receipts, Ni active: weights 240 |B

acking sows, $4.50@ |

ood steers and yearlings!

sheep about |

Board marker at the Chicago Board of Trade posts $1.04 wheat price during trading which has been hectic in the past two weeks.

Times-Acme Telephoto.

N. Y. STOCKS

(By United Press)

Air Reduc Air-Way Dl oe Alaska Jun .... Allis-Chal .... Amerada uir's Am Car Pdy Am Crys S 6 pf 8 Am&FPwr. .... 2 Am-Haw SS |Am Loco pf MachaMet

| Anaconda Arch-Dan-M _ .. Armstrong Ck ! Asso Dry Goods 5 | Atchison x or 3B Atchison pf At] ine ... | Atl Refining ... Atlas Corp

| Bala Loco ct .

—

PIRIRI BIC ys Ft DD OV BD 08 ht 3 re be 09 © BI 1 1 1 1 att ae fn ghy t 89 6 1k 1s NSB ~1 00 is VOY

0 pu 1D Ww whew

bts

Bue Burroughs

{Callahan Zine . {Calumet & H . Can Pacific .... Case J.I ...... Caterpillar | Celanese | Celanese Cerro de

— © HSN pad Os a 4 FE ER LET EE XE

[Ch MEP & {Ch & N Ry. .. [Chickasha © | Childs | Chrysler {Col & So 1 pf. Colum Gas .... |Com Cr edit .... {Com Inv Tr . | Com Solvents. | Comin Edison i & So

eon — oo

~ w Nr OIRO Ur on

FoNeanN -

BI Gn Oy nN»

[XL o CarA na OBI pt «C5 VEO UV pet pt

w aE

| Cons { Cont Cont Can | Cont-Dia [Son Ins

W A — WA hh st See ee

Lg BI pt «JT 10 CN pot pt

Sty Inter ..... Crown Cork | Qurtis Pub... | Curt Pub i 48 curtiss-Wr ... 10% icurtiss-Wr A.. 28%

Deere & Co... 231% ro % Ww.. 53% 18%

. : 23 178

23% 53 Sea a= 18% | Dome Mines 2 u Pon

| ~~

East Air Lines. 2912 29% Elec Pwr $ it. 6 6. EP&Y

Fed Wat S A... Firestone T .... 21

| Gen Electric ... 4 Gen Foods Gen G&E A ... Gen Motors veh | Gen Pub . {Gen Tht te ‘eo. | SjRelte Gli dden

Gen Cigar pf ..113% 0Vs

3 Grp Paige . ® 1S Nor th Pl re oun ro MaNo pI.

am Watch pt In Hecker Prod Sollander ps Son on

d F Hot “Bay M&S. | III Central

In Int i Int | Int

| Int Int Int

a | somes & Lgh 7 pt

Kan C Sou .... Kennecott [Rete SS —L {Laclede G pf .. 14% Lehman J eae [Lehn & Pink .. 12% | Libby McN&L Le O-F Glass ... Ligg & My B .. | Loew's pf | Loril llard | Lockheed Arcft.

| MeRag: & ca n& For acy R H a | Marine Mid Jan Ry cts ... | Masonite OP . 3 {Mathieson .

63% 383% 24%

6% 38% 24%

14% 22% 12

50% 105% 105 23% 2934

‘ 50% 105% "3% 297%

For. . pf . 27

to this city only to see it eventually |It paid $35,000 a year in taxes on its| [Mecall Corp...

close down, moved forward in his] chair to emphasize his remarks: “Sure, I know the attitude of] many people of Meridian regarding .that factory. They look at the deserted building, they recall that $100,000 was raised by public subscription to erect it, they remember | that operations were stopped right| after the company had reached i million-dollar payroll and had taken title to the structure, and they feel that the city and the people who put up money for the building have been taken for a ride. Dave Cottrell of Meridian, manager of the industrial division of the Mississippi Power Co. sparkplugs the BAWI program all over the state. New industries mean more power ‘customers.

“The average income of a Missis{sippi farmer is $200 a year. |i] living on a farm can work in a |factory nearby, she can add $500 or $600 a year cash income to the; family resources. trade.

| manufactured products.

Oldest Loan Brokers th the State.

“

If a iyro-

raw = | Mesta Mac Melville a ew In Mident Pet Tex Mo Pacific IMO Pac pf .... {Motor Prod ... Mueller Br RN

She also learns a | uray

Nash-Kely

Net

Last Change i

53%

00 Ld tn td ead “ow

IH UOMm

ents “or

a Noes

tht C3 600 ht OF wdobn bd pu pit ya 00 “TDI Fe bt se OBI pt pt O50 he WO = Nat

“ng

‘pa

PON, P= BI UV BI 00 5 he BI DBI = 19 on A OY

- . 0 ®NN

Www oa ae

ea Ne Nd

w =~

s | Safeway

2/Seab Air L . ! | Shattuck

113% 40

a 1s "Na Ys

a | Vanadium

on Everything! Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete,

The CHICA CO Store

146 EAST WASHINGTON ST.

.& Year ago

is High, 1939, :

8 © 1, Year ago

. Plymout h Oil ..2

| Purity Bak ....

{St L SF

Sim | Skelly on {Socony Vac .... 3 Sout

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS —0.03 +0.71 —1.87 . +0.86

| Yesterday | Week BED ui eens. 149.64 Month 2-o

High, 1939, High, 1938,

155.92; low, 121.44. 158.41; low, 98.95.

THE INDIANAPOLIS TIMES

Big Speculators Absent From Pit; Board President ‘Still Looking Up’

Farmers Expected to Get Big Price as Drought Cuts Estimate.

CHICAGO, Dec. 22 “We're still looking up!” That's the direction the roaring bull market of Chicago wheat pit is headed, take it from John G. McCarthy, president of the Board of Trade, who has been watching it go up—or down—for more than 37 years. This time he’s looking out over a bull market minus the once colorful scrambles of speculators to buy

enough to control the market. Grain men generally attribute the boom to three principal factors; a severe drouth in the winter wheat areas which will cut the next crop off sharply, the estimulus of the war, and reduction in the Argentine wheat offering to the world market. It means that the farmer will get more on wheat pledged for Government loans, but the drought will cut his winter wheat production and, in 1940, he will have only a small crop coming up to unload at boom prices. The consumer will pay about 90 cents a barrel more for flour. The boom which sent wheat scurrying on up after safely passing the dollar mark isn’t any temporary spurt that will fade out before those outside the trade know it's here, Mr. McCarthy says. His explanation of the recent rise is simple: “I hold to the old theory that the law of supply and demand will take care of prices if left to itself,” he says. “The Government locked up a lot of wheat and grain, but I don’t think it was necessary. All the money that's spent, the taxpayers are going to have to pay in the end.” Grain traders say that the government’s rule forbidding specu[lative wheat holdings of more than four million bushels by any individual forestalls the old-time scrambles to corner the market. The

(NEA) —

i 20 RAILROADS | Yesterday Week ago {Month ago Year ago 3 35.90; low, 24.14. 33.98; low, 19.00. 15 UTILITIES ere re eee 24.92 24.92 25.41 22.00

High, 1938,

40.05 -0.03 —0.17 | +0.34

Yesterday | Week ago | Month ago

| ‘High, 1939, High, 1938,

27.10; . 25.19; tow, 15.14.

High Cash Reg.. 15% 15% t Dairy 16's 16% 8 Dairy pf B11 b : 1p Enamel . 11% Ss Gypsum pt 1g v X i vs

Low Tay Chie

4 0 ofl 6% | Omnibus 4 3 4 2 Otis Elev ? 7

v 8 Vs

Pacific Mills Packar “oh Paraffine Co .. Paramt Pict.... Penney . ‘ae Phillips Pet

Port Ric-Am B. rocter & G.... Public Serv .... Pullman { Puntre Oil

Quaker St Oil.

Ratihe py Radio K Or . Rayonier of .. (Rem Rand . IReo Mot ....... Republic Stl Richfield Oil

Safeway St L So Schenley

Sears Roe Shell Un

South RY ..... |South Ry pf’ Spiegel Inc ... Spi egel Inc pf . Std Brands .

u > 9! Sy! ming. Gould... 6%

*| Abandonment

present advance, marked by activity of numerous operators dealing in »| the relatively small amount of free wheat available over and above do-

of about 20 per cent on each of the 164 million bushels of wheat

ernment loans.

‘Supply Plentiful WASHINGTON, |The Agricultu > of 393.000,000 bushels, the lever recorded Officials said there was no danger of shortage, however, On Dec. 1, the Department reported, winter wheat acreage seeded was 45,014,000 acres with a condi-

tion of 55 per cent of normal. of approximately one-third of th2 seeded acreage may be expected, the department said. In Indiana 1,553,000 acres were seeded, the department reported. | The crop’s condition was placed at 78 per cent as of Dec. 1. This was the first report on the new wheat and rye crops.

Curb Stocks

Net Last Change

Aero Sup B Am Cyan B

5 33% 7

Can Marconi Carrier Lg Cent ov

Colon Dev Ltd. Col O&G Com &

HEIL

So ws.

El Bd&Sh 8 of. Glen Alden Gulf oh Jiocn Min OQ. Can... In Pipe Line. . Jones&Lzau Steel Lehigh C&N NIWEIS Dredge.

‘

+1:

Vy | 4. Ya 3s a

Texas Corp Tex G Sul .. Thermoid .... Thompson Pr. Tide W A Oil .. 10% Timken B 50% [Ee & W Air 12% 20th Cent-Fox. 12 a iUnton B & P 131% 2 2 % | | Union Carb ... 86% : + Un Oil Cal « 133% : : 3 Un Pacific .... 92% Un Aircraft oh 46% Un Afr Lines. 15

437% «32% 412 "30%

Vy va |

FEE]

S Steel

{| Vadsco Sales...

Walgr Wa Ter

Wilson & Co.

Yellow Tr Xng S&W vhg Sheet

Zenith Rad + 16% 1 16%

rr. THIER

| Pennroad

Zinc NY Wat Sv 6 ot ig H Pwr No Am L&P No Am L&P pf. Pac GE 8 oh

Sherwin-W . 32 Std. Oil Ohio... Sterl Brew .... [Sunray Oil .... Technicolor Un Gas Corp .. Un Lt&PwrA .. Un Lt&Pwr pf

THE EERE

| right Harg

mestic needs, gives farmers a profit

{pledged by them in return for gov-

Dec. 22 (U. P.).— Department has|

1s forecast a 1940 winter wheat crop versity and graduated from Indiworst | ana Law School.

lv 8 | 807025.

STOCK TRADING RESTRICTED AS HOLIDAY NEARS

Prices Move Uncertainly; Aviation Shares Gain; Wheat Lower.

By UNITED PRESS Preholiday considerations restricted dealing in New York stocks today &nd prices moved uncertainly in a narrow range. Trading was quiet. The list opened mixed, improved around noon under lead of aviation shares and then eased off to show an irregularly higher trend. Douglas and United Aircraft maintained gains of almost $1. Bethlehem and U. S. Steel steadied on minor losses following earlier small gains. Chrysler and General Motors held just above previous closing levels. Barron's seasonally adjusted index of trade and production hit a new top since March 6, 1937, in the past week, indicating that business currently is making a better than seasonal showing. Ward's estimated automobile production for this week at 117,705 units against a revised total of 118,405 for last week and 92,800 a year ago. Forecasts of rain and snow over wide areas of the grain belt including the dry Southwestern winter wheat states led to selling of winter wheat on the Chicago Board of Trade, and futures eased more than a cent. Rye was independently strong. At the end of the first hour wheat was off 1% to 1% cents, corn and oats off % to 4 cent, and rye up &% cent to 13% cents, soy beans were 14 to 1 cent lower, after starting strong. With the Empire at war, the usual pre-Christmas levity was absent on the London Stock Exchange and traders “celebrated” the Yuletide season by purchasing substantial amounts of Government bonds.

LOCAL BUSINESS

John R. Barney and Francis M. | Hughes have been appointed attorneys for the Railroadmen’s Federal Savings & Loan Association to [succeed the late Kleber W. Hadley.

Mr. Barney attended Butler Uni-

He had been as|sociated with Mr. Hadley for four |years and with the association 10 years. Mr. Hughes joined Mr. Hadley 's staff three years ago. He is a graduate of Ohio Wesleyan Uni- | versity and Michigan University's {law college.

‘Stockholders to Meet

Stockholders of the Better Homes | Savings & Loan Association will | (hold their annual meeting at 7:30 p. m. Jan. 9, 1940, at the offices, 62224 Circle Tower building, A. J. Wichmann, secretary, announced today.

OTHER LIVESTOCK

CINCINNATI, Dec, 22 (U. eo ogs— Salable, 2100; 2475. Active, 25 cents . top, $6.25: 200-235 1bs., $6.15; 100- » as. [email protected]; packing sows mostly

5 dow Oatties Salable, Total, 300. Calves—Salab 200, Hardly

25 cents. 200, total,

s | enough Salat! ® tered to establish a mar-

ket, quotable firm, but undertone stron to higher. Odd light butcher cattle, §$ @9.50; truck lot near medium | yearlings, $8.50, common to good fat beef cows, scarce. Bulk cutters and canners, $3. 50@ 5.25; practical top sausage bulls, $7; good and choice vealers steady, mostly $11 to largely $11.50. Sheep—Salable, 130: Steady. Light supGood trucked in native lambs, quoted, choice eligible higher. Common and medium, [email protected].

LAFAYETTE, Ind, Dec. 22 (U., P).— Hog market, steady: 160-200 Ibs., $5.75@ 6: 200 250 Ny 3 [email protected]; 250-325 1bs., $5@ 5.30. Figs 5.75 down. Roughs, $4.75. Calves, $1050@11. Lambs, $8.50 down. AYNE,

FT. W Ind., Dec. 22 (U. to 10 ‘cents higher; ibs $6.10; 180- go Ts, , $5.95;

P.),— 160-180 00-220, lbs.,

$5.50; Roughs wt 50; stags, $3. 50; calves, $11.50;

lambs,

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

TYPEWRITER

Ladies’ Full

Fashioned HOSIERY “sh

KINNEY'S

138 E. WASHINGTON ST.

ING TINY

S0f

Ly (P PAY 10 I

AUTO AND DIAMOND

LOANS

20 Months to Pay

\ WOLF SUSSMAN, Ine.

OS KINS LOT RIN OMPANY

131 W. Washington St.

Directly Opposite Indiana Theater

Hutual

Ee FIRE — CASUALTY AUTOMOBILE INLAND MARINE INSURANCE of

substantial savings

TT INIT

MORRIS

Ea Tet

C EL

29 FAST ON/IO ST.

239 W. WASHINGTON ST. i Established 38 years || Obpposite Statehouse, L1-2749. Ae ae ne

ne ve —

bg ca

cp ie ERT 1 1 WHEEL CHAIRS Why buy one? Rent one at

HAAG'S ALL-NIGHT DRUG STORE 22nd and Meridian

Asst. (Colors

ELINED

EFITTED LEON

Men’s

285 MASS. AVE.

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.

Christmas journalism, like shopping, should be done early. So, if you don’t mind, let's have a look at Christmas Eve. President Roosevelt and Pope Pius’ annual message share the spotlight, with Lionel Barrymore, and Shirley Temple coming in for

Ceremonies at the lighting of the great tree across from the White House will be broadcast by WIRE and WFBM at 4 p. m. Sunday. The President's message and a group of carols will be included in the program. = ” ® Bishop Ralph Hayes, rector of the Pontifical North American College in Rome, will read the Pope’s message at noon on Sunday. You may hear it on WFBM. ” 8 2

The local CBS outlet also will bring you Mr. Barrymore's reading of Dickens’ “A Christmas Carol” at 7 p. m. And little Miss Temple, 30 minutes earlier, will make her radio debut in scenes from her new picture, based on Maeterlinck’s “The Bluebird.” She also is slated to sing “Silent Night” as a duet with Nelson Eddy. 5 ® =» Another annual Christmas message will be that delivered by Na- | tional Commander Raymond Kelly (of the American Legion to the 64,000 veterans in 85 hospitals throughout 8 ” n

aouncement caused by station changes a

attention in an unofficial capacity.

FRIDAY, DEC. 22, 1939

ON THE RADIO

the country. CBS-WFBM will carry the talk at 12:45 a. m. o on o An early “must listen” on Christ mas Day will be the world-wide broadcast by King George VI. All three American networks will carry it, with WFBM the best bet on your lown set. Be sure to tune in promptly at 9 a. m, for the King is slated to say his say in five minutes flat.

u " "

And con't forget that Ned Le« Fevre of Indianapolis will be one of the semi-finalists on Sunday’$ “Gateway to Hollywood” broadcasts —5:30 p. m., CBS-WFBM. Walter Connolly will be the guest star. "8 EJ =

Helen Jepson, Richard Crooks and Lawrence Tibbett will be the fea= tured trio tomorrow when Verdi's “La Traviata” is broadcast from the Metropolitan Opera House on NBC WLW at 1 m. . «+ Jean Dr, Christian) Hersholt will do “The Toy Maker of Nuremburg” on the Kate Smith hour at 7 o'clock to= night, CBS-WFBM. . . . George Jes= sell has an impressive guest list for his Christmas broadcast tonight (8:30, NBC-WIRE). The list ine cludes Charlie Ruggles, Elsie Janis, Ann Pennington, Blanche Ring, Francis X. Bushman, Eddie Leone ard and George Rector. o = o

Glenn Miller is the original “Sune set to Sunrise” bandman. His first success was with a recorded coupe ling of “Moonlight Serenade” and “Sunrise Serenade.” His next offering was “Blue Evening” and then “Blue Moonlight.” The latest ree lease is “Twilight Interiude.” ” u 8

THIS EVENING

(The Indianapolis Times is not respuLiDIe for inaccuracies In program ane

ter press time.)

INDIANAPOLIS WFBM 1230 (CBS Net.)

Kathleen Norris Qolden 8 tore Hollywood Scattergood

Billy & Betty Hedda Hopper H. V. Kaltenborn Santa Claus

Girl Alone Midstream Dick Reed Dessa Byrd

Luck Santa Claus

ro sada ' 6853

Hoosier Sports

News Lum Abner Prof.

Myvsterv Gagen's Or, Dick Reed Concert ”» »

3 ie $803

Kate Smith

— or

INDIANAPOLIS WIRE 1400 (NBC-MBS)

At Your Service

Pleasure Time

CHICAGO WLS-WENR 780 (NBC Net.)

Home Forum Relshite Anthon Dinning _ Sisters

Brief Case Stories Fran Allison om Mix

Fanfa al Banta’ Claus

CINCINNAT1 (NBC-MBS) itty Keene Tidstream Jack Armstrone Father Flanagan i —

Fred Kirby

Lowell Thomas —— Pleasure Time s

New Grace _Wilson Discussion “Club ‘hor

ew! 4 Stars Inside Sports ET sun Col,

, Stooonagle Carson Robison Unrson Robinson

Johnnie , Presents First Nighter

Waits Time

Georee 3 essel

' WAH A;W ! ararvas| aeen Rey

2 5353

Grand Central Man With Rand

ow sor

Ensemble

SS gcse

Amos & Andy News

News Basketball Kaye's Or.

Himber’s or.

SO 5353 5358 &

Paul Sullivan Bono's Or. L. Noble's Or.

Recordings

Herman's Or,

SATURDAY

ot ph fod ph | fh Po pt et |

A A a BM 1230

ens Net, ) (NBC-MBS

Lombardo's Or. Behind ie

INDIANAPOL WIRE 1400

Plantation Plantation Party

Conce Georee Jesse)

ert Herbeck's Or. Scalzo ys. Chaves Lombardo’s Or. Melodies Melodies » ”» »n » Peter Grant Henr Russe Ran Siph s or, Schnickelfritz "sana Kagsel's Or. Orrin ‘Tucker

Little Jack ”» »

PROGRAMS IS INDIANAPOLIS WIBG ) 1050

Moon River ” ”»

CINCINNATI LW_700 (NBC-MBS)

Early Birds Dawn Patrol

Devotional

Mornin’ Ramblers ie "

“ » »

_ News

oh Diller Let's Visit

Breakfast Jam Owens

~ Richard swe City Today Old Vien Serenade

» ”»

Breakfast Yorn

Coffee Cums Helpers Club Hits of Da << Fashion Foutlights

Air Svnagorue Devotional News

Hymn No School Tod Charioteers Music Fed,

Brisette’ s Or. Dessa

53 ai 5853 5%

Ensemble

( Hillbillies

eee wrwn' aera. an

“te aS

10:00 | 10:15 10:30 Tune Time 10:45 _ Deep River

Cinc’l Concert

Byrd Children’ s Hour

weflections De. Swing Charm Hous Shopping Guide

Friendly, | House

Majl Bag

Women’s Clubs U nannounced

TT Mv Health Smilin’ our Ba Story of Wool

State Police Castletime

11 00 Country. Journal o Farm Cl rote News " " Farm Hour

Karnival Man on, Farm Rhythmakers

Farm four Boy Greets Girl ' "

Barkers Repo Pu Weitare Tong s or. Hayride "

Farm Bureau " News Mayfair Or. Good Will

kh pd

”» ”» News Organ Opera "

Fields & ®Hall Good Earth Home Folks ”» LL Time

Jamboree Goy, Townsend

Nordic Choral Vera Brodsky

Freiberg’s Or, Brigette’s Or.

” » ”» »

Pianorama Melody Time Studio Party

Forum Auld’s Or.

Leigh's or.

”»

Dancepators Buffalo

” "

Scholarship

Ensemble Duchin's or.

eam weouses | 0 rons! a | 10IL 9S fo BlS Albus Snes mised SimD Als: S353 5353 S253 53553 NDAD AD

”» ”» " »

Rhythmakers Aloha Land Christmas Musie Bandstand

Jamboree Silent

Truly American

NBC-RED-WEAF, 660; WTAM, 10

KEY NETWORK STATIONS (Subject to change): MUTUAL=WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850, NBC-BLUE=WJZ, 760; WOWO, 1160;

WLS-WENR, 870: KWK, 1350.

70; WWJ, 920; WMAQ, 670.

CBS=WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

p———

\ AN

GOOD

most of them deliver their prices. The bett

Anchor Coal i 1588 8. West St. Blut Road Cont ¥a Yard, 100 'W. Adler,

Royal Coal & Coke 8815 Mass.

n Ave,, CH-191 i% Daylight Coal Co,, 300 Le Grande ™ "DR-i684

Drexel Fuel Bi e3 Bethel Ave. Fredrick Coul, rine 0 Beecher Tedlahhpolls Joe Jee Sritito Co, J. & 1. 'Conl Ob ne aN Rural

Model Coal Co., 618 ian, DPR-2222 Fansler Coal Co., 78 §, State, LI-6449 Star Coal Co., 827 W. 17th, HA-4042 il 1_Co., 842 W. 10th, Meridian Coal, Cin

1 Co., 1910 Bluff Ra. Union Tee & oa AD) 1 & Oil Co., 1800 E. 30th. Hoosier Coal es So

Washington Ooh). S55 1705 'W. Wash.

Milter Coal Co

$40 E. St. Olair St. RI-8398,

SUPPLY OVER

WOTTE RE 9

ARE YOURS WHEN YOU USE

Yes, there are all grades and prices of coal and

you more heat but they hold their fire so much better, keeping your house warmer over night. The better coals give you far less ash,

grade—you will be better satisfied.

SEE THE SPECIAL COAL VALUES OFFERED BY THESE RELIABLE DEALERS IN TIMES WANT ADS

ORDER NOW AND BE SURE OF A GOOD THE HOLIDAYS

COAL

heat in proportion to er grades not only give

rder coal try a better

Ice Co. DR-1660 Servi OOorin. OH Bem Monon Coal Co, E-1881,

oa St. e Coal Co, 1635 oliver Rn. “BE-4160,

Brookside Tce & Con SS 12205 Roosevelt Ave. ¥

Mutual Corl & 1924 Fletcher Ave.

Co1020 F.

Acme 1015 E.

Active Cont Ce Co., 2151 W. Wash. Sexson Bros, Coal Co., 2120 Woyt. star Coal Co, 32% W. 17th St. Wara Coal 2 , 101 §. Rural, Bennett Coal 180 BE. Morris Inland Coal Co. so 8. Owpitol. aed Merrie "Cont Point k ce & F 1 Coo 1902 8. West Side Yee & Gaal ‘Ce. 228 Lynn,

Jan.