Indianapolis Times, Indianapolis, Marion County, 26 December 1939 — Page 13

TUESDAY, DEC. 26,

1939

THE INDIANAPOLIS TIMES

HOPKINS REPORTS

PAGE 13

NEW YORK, Dec. 26.—It is reassuring to be told that the Treasury Department has taken a firm stand against the plan of Secretary Wallace to load some more taxes on bread-eaters for the bene- |

fit of the farmers. | The Secretary has a plan which | is fundamentally bad and which is a doubtful cure for the disease | he is driving at. He wants to give certain farmers of wheat, cotton, |

STOCKS LOWER: |

WHEAT DROPS: TRADING LIGHT

Steel Shares Hold Steady:

Grain Prices Dip as Snow Falls.

By UNITED PRESS

The New York stock market re-

| ceded fractions to $1 in the first half of today’s session and moved narrowly in later trading with volume

Hammond Gets Housing Project

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One of the sleek, modern structures whic h will furnish new homes for 400 families.

Times Special

The project is designed to house

U. S.. H. A. officials said the

9 BUSINESS ABOVE ’38|

URGES ADDED INVESTMENT, CONSUMPTION

Commerce Secretary Finds Foreign Trade May Aid Industrial Spurt.

WASHINGTON, Dec. 26 (U. P.).— Commerce Secretary Harry L. Hopkins, in a year-end analysis of business conditions, said today that consumption and capital investment must be increased to maintain or accelerate in 1940 the existing high

TONIGHT 7:00—Big Town, WFBM. 7:30—Horace Heidt, WIRE. 7:30—Information Please, WLS. 9:00—Bob Hope, WIRE.

The “Information Please” experts will entertain their first representative of English nobility when Sir Cedric Hardwicke pulls up a chair

quisitor, Clifton Fadiman. It ought to be a half hour of polished repartee. Sir Cedric (who doesn’t mind if you refer to him as plain Mr. Hardwicke) will be remembered pleasantly by local theater-goers as the excellent Canon Skerritt of “Shadow and Substance” last season. He also gets out to Hollywood occasionally, and recently has done such things as Mr. Brink in “On Borrowed Time” and the last half of the title role in “Stanley and Livingstone.” You'll be seeing him shortly as Frollo in “The Hunchback of Notre

tonight and faces the program’s in- p

ON THE RADIO

to discuss “Ten Heroines for a Des= ert Island.” They'll pick 10 compat ible companions for a shipwreck from heroines of literature, with “oomph” girls ruled out from the start. . . . Mr. Weeks, if you didn’t know, is editor of the Atlantic Monthly.

” » 8

And if you're still interested by 5 m. tomorrow, try NBC-Red stations for discussion of the sub= ject: Is Reading a Virtue or a Vice?” Symposium participants wil be Hen= drik Willem van Loon, the author; Vincent O’Brien, author and news= paper columnist, and Percy H. Boyn= ton, English professor at the Uni« versity of Chicago.

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CBS-WFBM'’s “Court of Missing Heirs” goes into its second week at 7:30 o'clock tonight. Something new in radio entertainment, the program material is gathered from probate court records and dramatized. In addition to diverting the pub=

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lic, the series’ originators hope to

y ”» site for the project has not been | rate of industrial production. Dame. locate rightful heirs who have failed

chosen. but that it will be located In most respects, he said, 1939| With the English actor will be the Tad ; with Ba dy accessibility to schools was a better year than 1938 but it|brilliant triumvirate of “regulars,” fo elaim the igh Which provide * | still fell short of 1937, peak of the|John Kieran, F. P. Adams and Oscar § pots Foiea ional etnies and Places x New Deal recovery movement. Levant. The time, of course, is 7:30 # x =» ] . “While foreign trade may provide |p. m., NBC-WLS. i equipped with a bathroom, hot and |g stimulus to our a ge p aby forme in highs wu a cold water, cooking, heating and |in 1940,” Mr. Hopkins said, “such lem. For in listening to see if refrigeration facilities. prospects must remain highly un-| If you stay tuned to WLS, you'll| Uncle Waldo left them an unexcertain under existing circum-|find it is going to be quite a the- pected million, they might miss a stances, and the outlook must be|atrical and literary evening. For, at| “phone call from the Horace Heidt appraised largely in the light of 8:30 p. m, the actress Ruth Gordon |program at the same hour on NBC=

N. Y. STOCKS * * domestic conditions. The recent|will appear with Edward A. Weeks WIRE. . . And vice versa.

(By United Press) high rate of activity has created 2 8 8 yp

additional consumer purchasing PRICE S HIGHER net |POW-JONES STOCK AVERAGES power and the capital expenditures THIS EVENING ligh , st change | 30 INDUSTRIALS initiated during recent months have

(The Indianapolis Times is not responsible for inaccuracies in program announceNE So, raty __Y|Saturday , +9.26| heen a constructive development. ments caused by station changes after press time.) . Allied” chem .. h Nesk Ak . = “But along with this expanded INDIANAPOLIS INDIANAPOLIS m Ag Del ... wp MOnth AZO .4..s. ; *8| use of goods for consumption and WFBM 1230 WIRE Ji00 Air Lines . Year Ago 150.43 —0.93 |, vestment h (CBS Net.) (NBC-MBS) Colortype High (1939). 155.92; Low, 121.44. n ent purboses nas come some Kathleen Norris Gir) Alone High (1938), 158.41; Low, 98.95. accumulation of inventories. At the G Sto Midstream present time our rate of production

Crs PE 20 RAILROADS ! Dick Reed of economic goods is not balanced

Scattergood Dessa Byrd Saturday stessescess.r SL5 : Billy & isetty Spelling B Junior Theat N Week BRO «vcnuvirervrereee SIS by a correspondingly high rate of Seionce AC re a, Colin's ory Poudy and Newton Month ARO ...escocreisasss 32.83 utilization of these goods. Balance Needed

H. V. Kaltenborn S. Reports Bud Barton Once Upon Time Year ARO .ovearens 81.55 European News Hoosier oats Tom Mix Lowell Thomas High (1939), 35.90; Low, 24.14. “It is apparent that, lacking a greatly expanded export demand in

Pleasure Time High (1938), 33.98; Low, 19.00. 15 UTILITIES RN 3a 1940, the prospects for continued ai ai 2 : improvement are largely conditioned upon our ability to achieve such a balance. This means that consump-

families whose total incomes are not more than $1000 a year. It will have average rentals which are estimated at the present not to exceed $i0 per unit a month. The project is being financed by a long-term $1,470,000 loan from the U. S. Housing Authority to the Hammond Housing Authority.

tobacco and perhaps rice, certifi-| light. | HAMMOND. Ind. Dec. 26.— cates for whatever sums are need-| a qrop of 18.1 per cent in steel Hammond's public housing pro- = fo But the prices of their prod- | Operations to 73.7 per cent of capac- Be ee or Ey. Te A farmer who has to sell his| lity featured the news. This had RG SonDE 00.009. 2t wil wheat for a dollar but who, ac-|been anticipated because of thei oor 400 family units which cording to the AAA, should get Christmas holiday. Steel shares | range in size from one fo three $1.25 for it, will have a certificate were steady. bedrooms. The buildings will be from the Agriculture Department Coppers were down slightly and one and two-story structures. for 25 cents. The Government will minor losses were noted in rails, oils, | | not pay this 25 cents. The farmer | utilities and some merchantile iswill present the certificate to the | sues. Douglas aircraft, which had buyer of his wheat who will pay | been strong, dipped to near the pre- | him a dollar for the wheat and 25 vious close. cents for the certificate, International Nickel and Interna- © 2.» tional Harvester lost $1. Interchemical held a gain of $2.50. NaTHE TREASURY oppose this On| tions) Biscuit preferred was up $4. the ground that it is a tax on the ! Aside from the steel news there

n the man who eats the was little to guide the market. | A oat therefore it will be | Wheat eased more than a cent in 5-t0-15-Cent Gains Made

ly d he CI Board paid for by the poorest groups in |cATY BACHE BR C08 ced on wide-| In Stock Trade Here; Vealers Advance.

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Home Forum Serenade Midstream Anthony Jack Armstrong Dinning Sisters Invitation

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the country. That is a sound Ob-| spread snowfall over the Southwest

jection. The worst Kind of tax wheat belt. is a tax on consumption. Of foo] At the end of the first hour wheat

- | was off 1 cent to 15; cents, with the everybody is a consumer and there |May future at $1.01%. Corn and | Hogs weighing less than 260

fore every tax is paid by consumers. | o.oo’ ynchanged to off i cent, Pounds gained 5 to 15 cents at the | TUSIelo Ns sn every tax is a rye up % to “% cent, and soy bears | Union Stockyards here today, ac.|1 cent lower. cording to the Agricultural MarketThe objection is to a tax o con Beneficial snows were reported in|. MORE AZO o..seusurrenies.. 25.35 sumption. This is a tax whic ing Service. qd the very act of buying Kansas, Nebraska, Oklahoma and | . Xear Ag0 ......c0c.0.....n. 21.49 impose: 2B tax collector stations | Surrounding states. The forecast| Weights over 260 pounds re- High (1989), 27.10; Low, 20.71. goods. : ter and puts his| Was for cloudy with little precipita- mained steady with Saturday's High (1938), 25.19; Low, 15.14. tion and real investment must be himself at the CO action. And tion likely. |prices. Top price quoted was $6.40 Bald &Bnls . 114 . : Net |increased from their present levels penalty on Sr the opposite of Minneapolis and Kansas City on the 160 to 180-pound division. | Bayuk "Cig... 26% 5 7 os Se z= Last change | in order to maintain and increase dus » De oy vernment will do Wheat markets both reflected the Vealers were 50 cents higher with |Brraix Ava ... 204 | Iockheed Aicift 30% 304 304 L...* |the present high rate of production. wha a thing it wants to do is to | daciine at Chicago. Winnipeg was a top at $1» | p 25 —M— The importance also of proper pricWhkty ihe EBi he} SEL, Lamb prices were steady. Cows 2 4 ax con Ma po 28 28, % ing policies a Sostenng Sconomie ruled active and strong, bulls steady. vee 52 wo IMG JE re 4 jc |eXpansion and of the willingness 0 Every tax, of course, cuts a man’s | . i Minn Wasa 8 Ra 4 + 3 |the business community to accept

urchasin ower. But when we { Buoy . “4| Motor Prod 11% 113% i Dio ke Ee tax with the very act ¥ 8 380 By Bs 3 818 "Rs da Mtg pf 4 a8 : = Mullins Mig B | ot 4 Jue Eisks if) lved in new enterprises , 7 to esca { 3 cee a 6! 23 . PE save A . of buying the only way pe Sit BEER TT due Nathaly oo. G5 Shs

1 : The extent of economic improveit is not to buy. This Wallace pro- | y, | Nat Biscuit \\'} 2213 22% ment, he said, may be RR ar by posal is a vicious one. The Treas-| g| Barrows and Gilts | Packing Sows a ; 1g| Nat Cash Reg 15% 15% ury opposes it. But where does the | Good and Good and Choice “ 0 ls : i —~ 7iNat Dauy ...- ite 18 8

the fact that income payments in Oo . cin 1939 reached $70,000,000,000, which President stand? He has been the Choice— | 3%0- 300.8 1. 0- 3.00 re. : {a -.-- |Nat Sup 2'pf. 13% 13% } resi | 120- $ 33 4.80- 5. yk Ya | | Newberry A pf..109% 109% greatest tax layer upon consump- 140- 1 4.15- 5.00) chi WA N 18%

is $4,000,000,000 more than in 1938, tion in our history. Congress, per-| NEW YORK, Dec. 26 (U. P).—| 160- ato. 490 CRIVSier “yy | Ry Gy Sentral 18 Bi but $2,000,000,000 less than in 1937. haps, will have to halt this scheme. The proposed sale of Fisk Rubber | i 3 : $20 Climax "Moly Co 39 “ 8%

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WEDNESDAY PROGRAMS INDIANAPOLIS INDIANAPOLIS WIRE 1400 WIBC 1050 (NBC-MBS)

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Freddie Miller City Today Sie t SPs Schoolfield Choir Air Kitchen Hits Julia Blake id " “ " Fash. *Fontiights Beautiful Life Miss Julia Editor's Daughter Devotional News Kitty Kelly

Man I Married Reflections Man 1 Married Myrt and Marge Other Wife Dr. Swin Other Wife Hilltop Plain Bill Charm House Plain Bill Sher ytiser Woman in White Master Singers Happiness

Lanny Ross David Harum Friendly House Brenda Curtis hoad of iife wT Big Siste Against Storm Organ Tena & Tim Life Story Guiding Light Castletime Guiding Light Kate Smith Singin' Sam Rhythm Woman Speaks Girl Marries Dr. Malone Blues Chasers O'Neills Farm Circle Headlines Rhythmakers Farm Farm Bureau Linda's Love nl and Girl le

” ” Farm Hou ome Folks “ " News Markets. "Weather Ranth Boys Ellen Randolph itty Keene Reporter Bill Jones Editor’s Daughter oon Tunes Voice of Exper. Tommy Sutton Unannounced

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INDIANAPOLIS WFBM 1230 (CBS Net.) Early Birds

CINCINNATI WLW 700 (NBC-MBS)

IN Pacific: .... “a™ Income payments measure the flow | 43 133 |Solsate PP = ) ee en of purchasing power derived from (Corp. to U. S. Rubber Co. en- 240- Medium 0 |Com Credit “ll 43% 43% ""v,| ohio oil current productive activity. countered new difficulties today with | 390. Staugbter Pigs | Go wsoh *hitecn J Otis Steel A large part of the increase in inthe disclosure that Whitfield Reid, 303; 360. Medium and 5300035 | Cons Aircraft Pack a, come payments—$2,300,000,000—went 160- 200. 5.60- ¥| Cons Cop Mns. ++ | Pere M 5 to labor, through an increase in the former secretary and counsel for [Cons Edison ... a | Bere Mat Sf number emploved and in more regt- | Fisk. i lici Slaughter Cattle & Vertes (Receints, 1927) Cons Oil ...... 7 8... Phelps % pr ot 4 ploy g few buyers of his product. They are | 15% iS soliciting Stockholders’ Steers Bulls | 28 Sal Jo : Phillips Pet... lar employment. the processors. ‘They pay for his proxies to block the deal. Choices: | Yearlings excluded) | Come. Bak 1? - $ Bitts Coal Secretary Hopkins said that 1,- { | “= .50- EA y i ro a sum fixed by trading in| In a letter issued to Fisk common | 400-1100. 10 30-11 35 "2% | Cont Oll Del.. 2 2 T i*|Procter & G... ong, S00 00 or ge WS Roriiis the market. When they bid for stockholders, Njr. Reid urged that he 1100-1300 10 Goat: $30: 138 Erodley Cory Pion } b in the Jatier part © ba

8.4 a bushel of wheat, if they know be permitted to vote their shares in] 00-I d | Crown Ck cupt. : 3 i 1s 1938. that when they buy that bushel opposition to the sale when it comes] “(0770 0 a Bic p Pub pf... - they must also spend 25 cents for UP for ratification in Wilzsngton, 00 1100. YY lbs Curtiss-Wr .... a certificate, are we to suppose Del, on Friday. | 1100-1300. Common und j 90 50... that intelligent buyers will not take| Mr. Reid, who is chairman of a| Medium — medium. 7.30-11.00| D ee sw this into consideration? And will committee “in favor of a more| RE-1i00 890- 22 s - 7.50 | Dist Sea

i 1100-1300. Stocker | Dresser the price of wheat in the market equitable price for the assets” of the Common | ttle Des it not suffer because of the very fact

Fisk Corp. contended that holders| 750-1100. 6.25. 7.50; ‘Reegipts, 3%) Du Pont of. that after you buy a bushel of Of the latter's common shares are| a: Heifers te wheat you still have to buy a tax entitled to far more than U. S. Rub- | 500-750. 9.00-10.25 800-1050. certificate from the man who sold be offering. | 50% S50. BUSI Good BO... 650. "ou Eee Boat & it the wheat? e pointed out that Fisk has a 800-1050.. 8.00- 8.75 Equit Bldg ....

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“Even with these gains, however, the large number without work in private industry still provides a measure of the potential productive capacity which we are not utilizing even with currently improved levels of production,” he said. Profits, he continued, increased sharply, particularly in the late months of the year. This, Mr. Hopkins interpreted, meant higher dividend payments, as well as larger business savings available for reinvestment. “Expanded consumers’ incomes this year,” Mr. Hopkins said, “have

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EMPLOYMENT OF WAGE EARNERS IN INDIANA FACTORIES

dou- | Net worth of $13.375.660, for which, ., Medium. Re | U. S. Rubber is offeri | 750- 5. oi [First N Strs.., 46% 48% ble objection. It is a tax on con-| ring $6,827,330 in | 250-500. 8.75 10.00 Common, = 6.00. %.00| Freept-Bulphur F117 444 sumption and if it succeeds will cash in addition to shares of its own | G20950 4 0.10.00! Cows —e tend to penalize consumer at the | of $2374. SCE having a book value pix v.25 0.00, Rood |." ng 50. 65 Qn Baking ... 7% J rchase. It has ° Caves Seton: 25 Gen Cable Hw un yeiy in excellent chance of not| Mr. Reid said that eight out of | 00-500 6.00 25 god and oa 88 RN HI succeeding, however, in that it will (ne, 0 Clk directors toted approval| | eww | egw oD gen SEE depress the price "of wheat and of these own no stock in the core | Me dium . 5.50- 30 ° Roan (heifers) ® ge Superior Oil .. fowes freely mio ihe channels of ig aioe Jazhorep Mido Bette force the farmer to depend upon the | ration. |Cutterana WS 815. 0.73 Gen Thre Eq 2 rade and the total volume of re- Hollywood Dick Reed Silent gv tax element for an even larger per- | PO , own $8.75- 9.7 |Gimbel (Bros / Eh ve 4 4 0 tail sales was about 8 per cent Scattergood Dessa Byrd Le String Serenade reward for his cutter) .. | 3.75- 4.50; 500 down. 7.50- 8.75] S00dric i Tr . ‘+ [higher than in 1938. Although . a aw BUSINESS AT A GLANCE Granby. Tex Pac © 2 h ++ leaies Of consumer durable goods tne KEY NETWORK STATIONS (Subject to change): o . SHEEP AND LAMBS (Receipts, 3319) | Gis MobHedNo 334 creased one fifth from the low|CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. By UNTIED PRESS us NO *|volumes in 1038, they have not| MUTUAL—WOR, 710: WHK, 1390: WHKC, 640: CKLW, 1030; WSM. 850, b S b Advertising Age reports week Good and choice 938 ecker prod ... 10 10 Deen 50 large a7 in. 1957. General NEC- BLUE—WJZ, * 760; WOWO, 1160; WLS-WENR, 870: KWK, 1350. Cur tocks ended Dec. 16 retail advertising im Medium and goo Ts: 830 Herc 'edr bf. 1.131% 131% | merchandise trade, on the other| NBC-RED—WEAF. 660; W1AM. 1070: WWJ, 920; WMAQ, 670. High Low _ Last| (newspapers of 78 major cities 30 -| Ewes ton shorn basis) hand, has regained the 1937 peak. ) BY AE Change | 415,981 lines vs. 28,722,087 year ago, Good and chote pen, gm A “Manufacturing production in 1939 - DAILY PRICE INDEX 4 + lun 59 per cent; year to date Y31,- Common and medium - 3.25 Interlake Ir . . 11 4 en averaged about one-fourth larger 132 + M|Up i — t Business M 181!3 g ih a + a 703,842 lines vs. 917,510,105 year ago, I her. oo »| than in 1938, though it did not equal NEW YORK, Dec. 26 (U. P.).— vy, /up 15 per cent. CHICAGO LIVESTOCK I le. or 5 the ay aggregate. While the vol- BILL IS ATTACKED Dun & Bradstreet's daily weighted National Lumber Manufacturers’ | Int P&P pf ... 53% ume of primary production during price index of 30 basic commodities os i ; y Int RC Am pf. 527s . » + Ke Association reports week ended Dec. Sto & rig gn tio a LR Int T&T the fourth quarter of 1939 was ap- i i eb "16 output of 523 mills 218,268,000 | off: light weights at “Most decline; 1p. proximately as large as in any sim-| NEW YORK, Dec. 26 (U. P).— compiled for United Press (1930-33 iY feet vs. 237,475,000 feet by 549 mills Ro “8 80 ab. 390.24 0 Ths. CSS 505.85 Jarvis Co s “Steel. ilar period, this record of the basic| The Guaranty Trust Co. of Now| ayetase equals 100, previous week: shipments 194,946,000 710-2700, hutchers generally 23. 10% 5.40! | Kal S&F on Ta Walker (H) industries was not fully duplicated) York today condemned as a 'Serious Friday ...................... 12259 -330-1b. vera 75 alamaz “ia i p i - 8 feet vs. 205,630,000; booked orders! good and choice 140- 160- " underwei hte, Roreeoss . 8% throughout our industrial struc- threat 10 business Tecovery the pro Week ag0 ...ovenrrarnersiass 123.63 9 9 75@6; bulk good 330-500-lb. packing | Kresge SS ture.” posed O’Mahoney-Hobbs bill pro04,559,000 feet vs. 185,912,000. [B& '4 500 4 85 . viding for further implementation of Month 220 ,...svsevevsseress 111.63 **e Cattle — R 15,000: calves, : vee Let : 2s] Wesson Oil & Snowdrift Co. Inc. |. Cattle Receipts, 1 0 Sales lo Lambert West Pac pf... . LOCAL ISSUES the existing anti-trust laws. sesnviss 105.71 quarter ended Dec. 2 consolidated grades weighty steers; very few sold; few West El 1 pf...1! Th p y i i he rs An Tost Ta YE ey MMe Woolworth .... 38% e measure was introduced at|1939 high (Dec. 18) .......... 124.19 it net profit $925,706 equal to $1.08 a |jgwer; most such cattle scaling 1175 to Her & 12 ¥ apthe Clore gis iom No an the last session of Congress by Sen-|1939 1ow (July 24) 101.40 Z's common share vs. $324,825 or 5 Cents lng To Strickly Ecd, and en Loe p 2 2 32 4 Yale & T ...... 21% sent actuai price offerings, but merely in- ator Joseph C. O'Mahoney (D. Wyo.) a ——— . | year ago. elihty scarce and steady: top. Tone Star ‘Cem. 457% 453, Young Sheet ... 47% 47 dicate the a Qproximete market level Bin and Rep. Sam Hobbs (D. Ala.) and Chicago & Eastern Tillinois Rail. | $112 y ngs: several loads year. on buying and selling quotations of recent a bbs : iin way Co. November net operating in | ines? $1035@11: prime 1376-1b. “bullocks. . transactions. Stocks Bid Ask|is now awaiting consideration at the . ~ 5; several loads choice heavies, $10.25, Agents Finance Co com........ TY 9 |coming session which begins Jan. 3. ii $135,232 vs, $167,098 year ago; | and several loaus Spier Tmsdiim Creisuis: Nex { Gove Tr. nor { / nce riai n Belt RR % “Stk Yao ral : sok Cn the Eros bill in the h d 'X Ee 11 months $831,220 vs. $466,951 year |down: v Ly liberal, Subely bid $8.50@9 30: Cori Id Pov Ta apn 67 10% current issue of “The Guaranty P "14 | ago. | Scarce: heifers 1 A wl 1, |Survey” the bank expressed its op- | I : Jil New York Central Railroad Co. mostly $9 down; vows scarce snd’ actire: ’ - 9 .S 6 3 a id D 7 ‘ : No remb t 4, |cutters at $5.25 down; bulls strong to 15 n ISSISS1 l S position on the grounds that the - ) \ 3 | NOVeInEr ne operating income $4,- cents higher with outstanding weighty . measure would impose additional 270, 578 vs. $3,158,333 year ago; 11|sausage bulls as high as $7.50; few select- : com ow 1ties f iolati f th tim 12 - jed weighty shipper vealers, $11.50: b *Indpls P&L 6% “ota sees : penajnes lor viplation © e an 0 I Ray os tas 13% ;2|months $32,689,069 vs. $12,778,655 bulk small veal calf crop, $1041 : *Indpls P&L 612% pid. trust =laws without making any Technicolor 5:8 4% 1; |year ago. By VIRGIL FULLING been pretty expensive. De ie Rs com. 108 changes in the provisions of the laws [| U. S. STATEMENT : HATTIESBURG, Miss. Dec. 26—| I know of cases where munici-|¥ Ind fub Serv Slats pid... 34 gefining.acts tus constitute viols- . ‘ L : sheep about steady: scat-|nricsissippi’'s “Balance palities have given sites and fac- N Pub Serv of Ind 7% pfd...106 = 109 |tionS. ; Chi cag 0 Stocks OI ATE eas ob. Ea toes | With IY po SR ae tories only to have the manufactur-|EiSFESy, Sih Bt sl | ,| “The enactment of drastic new |B J ’ WASHINGTON, Dec. 26 (U. P.).—Gov- CINCINNATL, Dec. (U. P.).—Hogs— g aln| oc move away and leave the cities I penalties for violation of the anti- / Low Last |eTnment expenses and receipts for the , 4000" total, 3850. Active, 10 to to undergo drastic changes or be s El "2 . / [| BO Aa ear thous Toe 21 com . top, $6.40: 200-225 lbs. | and towns with the empty factories trust laws,” the Guaranty Survey| RK 4 Cent Ill PS nf 8112 jared with a year ago: |$6.25; 100-1 Ibs., [email protected]; most good | thrown out entirely after Judge Terre Heute “ : Cent Il Sec es 4 : %|P Ih go ws, 5 dow: io Paul B. Joh Go 1 on their hands. That certainly isn’t Union_ Title Yess declared, “would either produce an Gent Ill Sec cv pf .... 8! 6! +2 | Expenses Cattle—Salable. 900; total, 1000; calves, |* 2 ohnson, vernor-elect, | oq pusiness. Van Camp Milk eons sees even more destructive paralysis of Cities Service .“- 47 | Recetnts receipts limited for two-day run, ac-|takes office Jan. 15, he indicated|” .. Van Camp Mik com. nes initiati i Comwlith Edison 3 : 31 | 5,291.62 | five; yearlin s, steers and heifers mostly today There are too many bureaus and Bonds business initiative, together with : J 2 TY 8.74162 23 Cents higher fat beet sows stron to . commissions ir. Mississippi, and|American Loan 3s costly and confusing changes in FIRE— CASUALTY 5.25 a lot d 9 . 35137. 8 Seasiiis. ‘seers and mixed Searlings £30 HORIES Jonson has Jus returned | some of them should be dispensed | ene Ing Tel rte | éli.ly present practices which new courts /81 045 71|@10.25; common to medium main . S- i 1g | 81.045 a | Go: bulk heifers medium to good Evade, “I am opposed to the principle of with or consolidated. Our present| | Grabbs-Reynolds Taylor Co 35s and new judges may conceivably AUTOMOBILE Te Roi . 6% | Sustoms 8,021.68 $819.25; load lots s. EL : plans on the BAWI, still incomplete | Hole T&T hold to be improper, or, as an alterMiller & Hart pf oo... ¢ |[email protected]; fat beef municipalities mortgaging them-|,, 4" cunject to revi tem-|Ind Asso Tel Co 4%% 65 native, calise business to seek pro- ‘ ; 850; canenrs and selves for the benefit of any Dar s revision, contem- |Ind Asso Tel Co 4x INLAND MARINE " INDIANAPOLIS CLEARING HOUSE =~ |ealers strong. practical early top S1L 30. Bo ie y na plate merging it with the State Ad-|ndpis Railway Inc 5% ‘67. tection from criminal prosecution by Incorporations Qlearings 8. $33. . to Sl an conarton oon: u Re hen al ver ia state St tising Commission and the Agri-|ndpls Water Ya h% % 53 ee means of consent decrees. INSURANCE at sidere aroun ea 00! =7 : : ’| culture Commission. Kokomo Water Works 57% 58. EE Rare A DR aR i The Society of Gortinos, Inc. 1448 ed lambs, $808 ; good trucked-in | observing the workings of the Kuhner Packing Co 4%% 49.. CHILD'S NAME PONDERED b tial H tal stock vie = ed natives 9.25: common and “The BAWI has some benefi : % . subsranriai savings BON ational. Dan BROS. alors sve FOREIGN EXCHANGE! | medium. [email protected]. BAWTI, and I find the program has| features, but it also has beneficial Muncie Water works 37 8. r ON ERY Als, Det, 2a YL 9 D. St nos and others. s : . Nat Si ie S ai} ym e am e ne - gy oe. Logansp ort: amendment| NEW YORE Dee 26 (U. P.).— Following | defects. Further study will deter- Noblesville HL& > 81,07 47. partment a a oi of decreasing capital stock to 100 shares of | are noon cable ra es OR, Hubley gi \mine whether we think it best to PUIG oS wou Ya 3 55 57 2 every five new mothers and fathers 85 onters of Lafayette, Ind. Tne. lati Englang (pound) «..3333% lod (amend and retain the BAWI or to Terre Haute Wat We’ 5 3 take five days to name their child d s easin capital s§ 4 y . ‘ee . ’ giie] gmondment decrissivg capital i o | France (franc) 3% dispense with it entirely. Trac Term Corp 57% 57 according to a survey of birth cer- | “Naturally it won't be necessary : tificates. to retain the present Mississippi In1940 . . . . AND YOUR. PLANS FOR CONSERVING | You, Are Invited to Consider the | Appointment of This Institution as Your Fiduciary Capital and Surplus $3,000,000.00 Member Federal Deposit Insurance Corporation

B common of $50 par Ne) 4 : S BAe 5. Schiefer, Inc. Ft. Wayne; Belgium (belga) 11667 0001 Hamar og FOOD PRICES {dustrial Commission which admin- { CHICAGO, Dec. 26 (U. P.).—Apples—

dissolution Switzerland (franc) |isters the BAWI program, if a con-|chigan Mackintosh bu., S151. 25. Sweet

22 avs Motor Club Insurance Bureau, Inc. In- Rood railiden lin sale 4.1000} dianapolis: dissolution. Sweden (Krona) ...... 2382 : | . 3 Potatoes—Tennessee bu.. [email protected]. CarSolidation lakes place The present, rots—California Frates fal, 50. Tomatoes

Evansville Association of Insurance ) Agents, Inc., Evansville; amendment of Norway Aarne) BAWI Act expires in April, any-|__rexas lugs, s.65a3. Celery— Michi. crates, @sl. “Spinach Missouri

articles of incorporation. Japan (ven) A naa bu., $1.50@

Prest-o-Lite Storage Battery Corp. reorganized as Pres-o-Lite Battery Co. Inc. Soi ; Low.” The three Mississippi Industrial|235. Onion . sacks): fowa Commission members have given Yellows, 6212c. Colorado Spanish, 75c.

0 shares no par value. Indianapolis LOCAL PRODUCE notice that they plan to resign be-

Marlene Theater Corp. change of agent to Alexander Asch, 108 Pennsylvania St., Indianapolis. Heavy reed So, 5 lbs. and over, llc; under 5 lbs. Leghorn hens, Tc: barred WAGON WHEAT and White Rook roasters, 4 lbs. and over, fore Judge Johnson takes office. They are appointees of Governor Hugh White, who named them to

Indianapolis rain elevators are paying | 12¢; under 4 Ibs, 9c; colored Loastars, ] administer his pet project.

for No. 2 red wheat, 97¢, subject to1iarke Ios. a w., 0G: under 3 La change: other Re ates, Ibe Ton ora ys Re yson00 | 288 over, Cis fresh country run eggs, 15¢; each full case must weigh 58 1: Judge Johnson indicated his be|Seh ‘rull case finder os 1B. will be made. lief the defects in the BAWI far Butter—No. 1 _30'2@3lc. No. 2. 29'%2@ | outweigh its benefits and that the 30c; butterfat—No. 1, 2%: No. 2, 26¢. plan, if not dispensed with outright, would be changed to remove the features which he considers .detrimental—the building of factories by Qo municipalities and the offering of them free of rent and taxes to AMERICAN NATIONAL BANK manufacturers. Southeast Corner PENNSYLVANIA & MARKET STREETS

——

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

sina The CHICAGO Store

146 EAST WASHINGTON ST.

| da0p0e

SAFE DEPOSIT BOX

ALL SIZES MODERATE RATES

for man clients of the German bank in | . Peking have been advised to liquidClosing Stock Quotations ||ate their holdings of Swedish currency “as soon as possible,” the Ex- amma LIS 8 8 sunvnssesnsanie and Other Late News | ooo 2 oon a Dos oxiag comme. Cees | 22 spondent reported today.

See Final Edition (Prices quoted by Wadley Co.) ADVISED TO LIQUIDATE As this is the keystone of the BAWI, such action would nullify

of the Times LONDON, Dec. 26 (U. P.).—Gerthe program,