Indianapolis Times, Indianapolis, Marion County, 2 January 1940 — Page 11

NEW YORK, Jan. 2—Dr. Frank G. Dickenson of the University of Illinois told the economists meeting in Philadelphia that pensions for the aged—meaning something resembling the Townsend idea of pensions—will come in a decade. He based his prophecy upon the

#%growth of the numbers of the aged.

‘conditions of family

3 Nh civic; ROY

change of resident a Suite 1511

In 1900 the persons over 60 years of age constituted 4 ag cent of the population. In 1930 | they constituted 7.6 per cent. By| 1950 the percentage will be great : Here is a mass of Ci power

' which cannot be ignored. And the

most serious feature of/it is that however foolish the schemes to aid

~ them may be, the reasonableness of

their claim cannot be resisted. 2 2 »

THE SIMPLE TRUTH is that the economic system we now have got

- its position because it seemed to. be - better in its actual working than the

system which it supplanted. It was shaped and applied to an existing condition. That condition included the family. Through the family

* provision had already been made for

the care of the aged. Large families more or less rooted to certain localities provided an asylum for the

‘parent whose usefulness in the sys-

tem madé self-support impossible. Moreover, in the more simple handcraft methods of production and distribution men could go on working to a later year in life. But not only has the pressure of machine production and transportation driven workers. out of industry at gn earlier .age, but ‘the life have destroyed the asylum into which the unemployed aged sank. Small and scattered families have created the necessity for a completely new approach to the problem of the aged. It is our fault that for forty years we have stubbornly refused to look at this problem. It is| here now and we cannot sidestep it. The smug conservative looks with horror and disgust at the Townsend Plan—and it is an utterly unworkable plan. He fails to recognize, however, that knocking out Dr. Townsend's plan does not meet the problem. 8 2 2 WE HAVE an old-age pension law on the contributory model. But it will be many years before. the benefits . under it will be of -any importance whatever in offering shelter and food to aged people rejected. by our industrial system. Do we imagine that the aged are going to sit down quietly and starve to death or sink into utter destitution without a fight, particularly when. they have numbers so strong that they can compel attention? The refusal to look at this grave problem with grim realism is the cause of our present plight. We have to find a solution of/ the. pension problem at the hands of reasonable and intelligent leaders or see some of the crackpot schemes of the unintelligent and even irresponsible leaders come into being.

SEC TO DECIDE ON FACT DISCLOSURES

. WASHINGTON, Jan. 2 (U. P).—

! The U. S. Court of Appeals today

upheld the right of the Securities and Exchange Commission to determine whether information supplied

by registrants should or should not * be made public.

- Any disclosures based on substantial evidence are not subject to correction by the courts, the Tribunal |® held. The ruling was made in an appeal by the American Sumatra Tobacco Corp. which told the court that, in ‘the face of its protests, the SEC had rejected a request for confidential treatment of parts of the firm’s financial statement. Because the company’s gross profit margin is large in comparison: with other corporations, it was argued, the publication would create strong resentment among clients and expose the business to a possible buyers’ strike. The SEC denied that publication of the data would injure the firm or justify exemptions from the provisions of the act.

Incorporations

Central Glass & Paint Co., Inc., 5625 Hohman Ave., Hammond; resident ‘agent, Arthur B. Carringan, 506 Detr mmond; capital stock, 100 Shore i, $100 par value; general aint, decoratin nd building contracting business; Ar B. Cams lsan, th M. Carrigan, Samar R.

Registration of word {rade nak b Wilber}

“No-Rub,” as a [Products Co., Inc.

Charge,” Barr by Quick hares Bat tery homa City, Okl tion of Eves a F3 Co.,

wood. Dissalution of Piel Bros. Starch Co.

TT -Bhicago Forum, Inc., 213 Calumet cago; resident agent, spite] BE oy same . Sddre ess; no C Reliy ve Feik, Beatrice Kell

Henry ersen Articles of er anization Goodwin Bros. Automobile Co., shares of $100 Jar, ya “value: resident it agent, J. D. Kessel, 1415 . New Cast! Dissolution of Meridian" Oil Ceo., Inc,

Indlanadolis The Silver Fleet Motor JSpte ess, Inc.; t to Jacob S. White, Merchants Bank Bldg, IndianSs. Te ange of resident agent Indiana Certificated Carriers, Inc., Jacob S. ite, a a erenants Bank Bldg, Indian-

Withdrawal 3 Jennison-Wright Co., an

Otuuctitin of of Dependable Finance Corp., | Mon awa] Lovering Construction Co., a X J Zinc

Minnesota corpora Dissolution of JPR are Engraving Co.,

‘Hoosier Photo SUpDllet Ing. 142 Pennsylvania St., agent,

Freeman.

eeman. y American Nut Co., Inc. Indtasavolt: Maple Grove Coal Corp., Coal City; Ernest R. Abrell, 2510 Terre Haute; cepiiai| stock, 20 Shares no par value, geheral coal busin Ernest R. Ernest Valles, ernest Dubois, Sieve "Davis, past]

corporation; rural electrical con-

stroctien: struct. resident agent, Roy H. Baker, Loogootee. /

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

Admission of Laird Construction Co. a|omn

STOCK PRICES HOLD FIRM AS

Steel Shares Lead Gain; Recovery in Industry Predicted.

By UNITED PRESS Trading in New York stocks today fell off to a rate of not much more than a half-million shares although prices developed a firm -tone after early irregularity. Steel shares led a recovery in the afternoon. The loss in operations because of the holiday was expected to be regained in larger proportion than in other years, according to the magazine Steel. U. S. Steel rose

to $6725 up $1.12%, ‘while Bethlehem was at $82.25 up $1.37%

up $1.50.

resumed an uptrend. Around the end of the third hour it was 50 cents higher and General Motors had a similar gain. Bonds Mixed

United Aircraft rose more than $1. Intefnational Mercantile Marine and Electric Boat = were strong. Minor gains were registered «by utilities, coppers, rails and mercantile issues. Market operators continued cautious pending more definite indications of the ability of business to hold at present high rates. in today’s firmness was the absence

an unsettling influence for a time last week. Bonds moved irregularly in a narrow range in quiet dealings at New York. Curb stocks turned moderately higher in forenoon dealings after a hesitant start in the first trading session of 1940.

Wheat Gains

Stocks were higher in moderately active trading on the Chicago Stock Exchange. Security prices were firm on the London Stock Exchange, reflecting accumulated week-end demand and lack of any disturbing news over the holidays. TransAtlantic shares generally were firm in United States equivalents. Wheat prices advanced fractions to more than a cent in early dealings on the Chicago Board of Trade. Other grains held about steady. At the end of the first hour wheat was up % cent to 13 cents, with the May future at $1.047%. Corn was up % to % cent, oats unchanged to up 4 cent. rye up % to off 4 cent, and soy beans unchanged to % cent higher.

FARM COMMODITY PRICES DECLINE

WASHINGTON, Jan. 2 (U. P.) —

ity prices lined one point between Nov. 15 and Dec. 15, 1939, the | & Agricultural sMarketing Service reported today. Sharply and cotton were more than offset by substantial \declines in prices of meat animals and eggs, the service said. The all-commodity index declined to 96 per cent of the 19101914 level. | Mid-December local market prices for grains was eight points higher than a month earlier and cotton and cottonseed prices’ were ‘seven points higher. Meat animal prices declined " points, while the poul-

try and egg group declined 20 points. On Dec. |15 the farm commodity price index was the same as a year earlier. The index of prices paid by farmers for all commodities has remained unchanged for three Hionins It higher than on Dec! 15,

REORGANIZATION OF UTILITY APPROVED *

| : CHICAGO! Jan. 2 (U. P.).—Federal Judge William H. Holly today

approved reorganization plan for’ the huge Utilities Power & Light Co. under which holders of common stock willl be deprived of their interest. The vlan submitted by Trustee Charles True Adams and affirmed by Special Master in Bankruptcy Harry N. foie will transform the former $400,000,000 utilties holding empire of Harley L. Clarke into an investment holding company. Mr. Adams said the plan had been approved by 82 per cent,of the debenture holders and owners of $100,90 2 the $178,000 in preferred stoc

Curb Stocks

Net Low Last Change = 138%; te

515 %

capital stock, 1,000|4

Brewster Aero.. Can Marconi y.» Carrier Corp '. Cent St Elec ... Creole Pet .. Es G&Fuel pt. El Bd&Sh 6 pf. Fruehauf Trail. Suit Oil . % jones & Lau stl 35 LHP 24

62% 21% «e+ 133% a

ei 8 f- 93%, . 1%

Chicago Slacks

Last 1Y2 4 827% 36

Low 31% 4

Fox Gen Motors Gossard ce cons Jarvis W B .... Jefferson El ibby McN

Viking Pum Viking Pump pf

WAGON WHEAT

Indi 7 fo ianapoiis Ln go2val ors aie nay

biect to. market change: LB, grades on their mer 0 lled, +l

‘TRADE SLOWS,

and Youngstown Sheet & Tube $47} Chrysler wavered for a time but|

A factor |All

of tax selling liquidations which had | Am

The general level of farm commod- E

; F igher prices for grains|Fed Ming

gt nses.. a Emme

Ne: Boa

APPLES

& 3.668 tons o hay 4

TIMBER 25,500,000,000 Bd. Ft.

GRAPES 2,369 tons

CITRUS 3.986 tons

359,045

736,115.000 Bu.

oiL

"MILK COWS

RN 2.532417 Bu.

y v

WHEAT

producing oil wells

COTTON

}

FOR A TEN-YEAR AVERAGE

34 per cent of the world's coal. o © wu " copper. " “ “® » ©” Lil Q “"w wu ©" wow ow " - " “ ©” ©“ a" * “ LL ." © .“ .“" ." 1] " " “

iron ore. oil.

trucks. cotton. silk goods. chemicals, movies,

UNITED STATES PRODUCED:

electric power.

pass. autos.

(Nearly Hall World's

BEEF CATTLE 68,800,000

MOTOR CARS

Ba gy

11,412,000 Bales

mere

STEEL 45,500,000 gross tons (27, 242 225 in 1938)

COAL 441,000,000 Tons

TOBACCO 1,654,000,000 Lbs.

Tota!)

SoA

=n Low 62

Net Last Change € 12 Ya 176% "Ya

)Ya 2 i

"1 12 Va 12 Ya

‘yy 13%

Alaska Jun .

OCIA it DI AICI et i bt RA BDO G30 CO 1 bt 4 ho bt

pyre

m Rad & SS.. Am Roll Mill... Am Stl Fdies.. Am Tob B ...

NN OW = NDS OC 00 LI pt bt

HEL HE HH

Balt & Ohio .. 5% Be Cigar . ae Beatrice Cr .. Ts Bendix Avo eo is Bon .. 64 Budd Wheel ver Burroughs Byers, AM

Sishison Ye

5% 262 27% 312 64 5% 11% 12%

: HE

Cal Packing . Cal Packing pf. Can Pacific ... Certain-teed ... Ches & Ohio 41 Chic Gt WRy pt BY Chrysler 0 Ya Climax Moly Co Soin Colgate-P-P ... 18 Colum Gas .... 6% Col Gas pf A.. 88 Com Solvents .. 14 Comwith & So.. Cons Edison ... Cons Oil Cons Coal vtc Cantainer Cont Can Cont Mot Coty \Inter ..

133% 2%

+1 +++

tHE

10% fee 16% % 82% 83% 182%

Curtiss-Wr

Basel v S .

D&R we Bougies. ir. Du Pon

. 16% Ya 82

ite

| 41% Va 93% 93% sf 15% .. 99

15% 28Ys 28% oor 24 4 . 20% 20% 20% —C 3%

Firestone Flintkote

Gar Wood Iad.s Gen 2 km gen ©

Sen B Gen Fo iy Gen G&E A Gen Gen Gen

Ge: Tire e Eq. Gillet te 8 R . Glidden Goodyear Gt Nor Ore ... Gt North pf ...

Hall Print 18% Harb-Walk_ .... Hazel At Gl... 111% 111% Hecker Prod .. 10 10

+14 we

Ill Cent LL . 40 Int Business ‘MM 185%; t ter .. 607

1, : 1 ai

l+++1 11

| SRRREEE

Kennecott . 37% eT ii” . 383, Krog G& . 2878

16 357

387 18%

18%

NORTHERY, PEANSY AGENT, IS SHIFTED

Howard (CC. Northern, passenger representative for the Pennsylvania

H+ HH o

to Dallas, Tex.

las Seeman, who was transferred from Dallas to San Antonio. Mr. Northern, a native of Martinsville, entered the Pennsylvania Railroad setvice in his home town

department of the Indianapolis division and for the following five years was in the ticket offices at Indianapolis and St. Louis. Mr. Northern was promoted to traveling passenger agent at St. Louis on May 16, 1930, and on July 1 of that year was appointed passenger representative at.Indianapolis. He is a mem-

16 ber of the American Legion.

U..S. STATEMENT

WASHINGTON, Jan. 2 (U. ) .—Govern=fiscal year through Dec. 28, compared’ with ear ago: 3 3 Last Years

s Yea $s fir 10. 566.40 $4,486,142,647 316.331 8 2,913

Customs .. 308 38.737. 20 INDIANAPOLIS CLEA CLEARING HOUSE Clearings $ 5 oz 20

1 “ LOCAL PRODUCE Heavy breed hens, 5 lbs. and over. Als under 5 1bs., 9¢; Leghorn hens, 7c; B red and White Rock roasters, 4 lbs. and A 12c, under 4 lbs, 9c; colored roasters, 4 Ibs. and up, 10c, under 4 Ibs., 9c; heavy breed 5 Tc; Leghorn = s, 6c; Leghorn broflers: Ibs. and over, 15c, 7 lbs. and over, No. Ie strictly fresh country run £8, 15¢c; (each fail, case must weigh 55 “Tho gross; a net deduction of 15c for each fuii r—No. ic; No. 2. 29%@ 30c; batterfat, No. 1, 27c; No. 2, 26c. (Prices quoted ‘by ‘Wadley Co.) |

FOOD PRICES

CHICAGO, Jar. 2 Michisan ME assy #0 “1. i Jest Potatoes—Tennessee, bu. ., $1.40 Carrols California, crates, § Soes--Texas. Jes 3! iy Fs ery—Michi5c(i$1.10, Spinach — Texas, | H Pe itor ‘bu.’ $2.42. sau, (50-1b

o case under 55 lbs. will be made.) 1, 30}2@3

1.50,

. 2 Ya

4 No Pacific Gers 8 .. ‘| otis Steel ......

Pac G & EI . , | Parke Davis

Reyn

Ye Talcott J pf

s Woolworth

4 Yale & T

Railroad here, has been transferred na

ment expsnses and receipts 2 the current

2.50, Toma- | Germ

a) —Minnesota fii

30 INDUSTRIALS 150.24 40.75 149.27 —0.38 Month Ago 146.49 0.15 Year Ago 153.64 —1.12 High (’°39-'40), 155.92; ‘Low, 121.44. ;High (1938), 158.41; Low, 98.95. 20 RAILROADS

Saturday Week Ago

Saturday Week Ago Month: ARO ccco0ss Year Ago High (’39-°40), 35.90; Low, 24.14. High (1938), 33.98; Low, 19.00. 15 UTILITIES Saturday . Week Ago ... Month Ago . Year Ago High (’39-’40), 27.10; Low, 20.71. High (1938), 25.19; Low, 15.14.

Sess enssstesnes

Net Last Change %

‘3

High Low

Lone Star Cem. 331 3% Lorilla Lockheed Airerft wit 32%

Man Ry md gtd 14 3) Martin Parry: om 1 McIntyre Pore. 13 $ i : io

Midland Ber "1. 314 Monsanto pf B. 55% 6% 22%, 15%

iN . 11% 1% 20 20

a EE

85 . 22% 15% 18% 18

f. 38% 381% 26 26 87%

SHEE HE

11% —P—

33% 44

Dating Sines : Penn

fates)

5% 5% 13% 1Y, 16% 16% 39% 39% — ichenley Dist .. 12% eab’d Air L.. Jeab’d Air L pf ervel I 15V, 4 |Servel . Socony!Vacuuin. So Cal Ed | Sperry-Corp . Spiegel Inc pt.. Square-D

ob B ...

12% %

sR PEELE HEE HEI

A] UE

oe. 342 Tex G Sul . 32% Tide W A Oil.. Transamerica . Trans&West Tri-Cont

341, 32% 10% 10%

12% 12% + 2% 2Ya

AHH HE

Union B & P.. 13% Cp. 47% "16

U S Tob “pt ave Vulcan Det ...

95% 31% 116 38%

Walgreen pf ww 95% Wheel Steel 3115. Wis El Pw pt. .116 eess 38% —Y

24% 24% 24%

. LOCAL ISSUES

The following GJuotations by the Indianapolis Bon orp. d sent Pris offerings, dicate the approximate market leve on buying and semng Juotations J aces transactions. Bid Ash Agents Finance Co com Belt RR & Stk Bet RR Es Stk a 8 Cent In ow. 7% b d Hook Dru In m

Mr. Northern will succeed Doug- nd

[ Serv 4 I | Pub Sev 2k 2 a

on Oct. 23, 1919. From 1921 to 1925, |pyp he served in the supervising agent’s|Pub Se

com Van Camp Milk fa. Van Camp Milk" co om. Bonds American Loan 5s 61

Loan 5s 46 Citizen S Prnd Tel 41; Crapy Resi

Hom eI 0 De Ciera gos gr s Ra way Ing 67. ndpls Water C 33%

DAILY PRICE INDEX

NEW YORK, Jan. 2 (U. P)— Dun & Bradstreets daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Friday ..... vi sane ns aneesainss: 1041 Week 280 |......cerenesesssss 13253 Month ago sesscsesssanssenes 119.65 Year ago Ye vaienicne ‘sees conneee 105.78 1939-40 high (Déc. 18)....... 124.19 1939-40 low (July 24) cesses . 101.40

FOREIGN EXCHANGE NEW YO ORK, Jan. 2 (U. P.).—Following are noon cable rates on n_major Jurreneies: ad) ves 5, 95% A 13:18 J 4.00 00 A00 ilies \ nauoted +2243 — .5325 12273

. Common 6.

Ho, . Tapes trade active on all

bs., $4.60@5. 08; i . ia fhe. 5 259 Ev * | Lambs, ad

FT. WAYNE, Ind. ( ‘| —20¢ lower; Tho. 140. her 85: 90; 80; 200-220 I

“Despite the colossal producing ability of the United States, as illustrated above, the general economic situation remains off balance. According to John T. Flynn, noted economist, building trade revival would benefit nearly all these industries. The U. 8. has pro duced from 34 per cent of the world’s coal to 90 per cent of its movies during a 10-year average, the chart reveals.

N. Y. STOCKS

By UNITED PRESS : DOW-JONES STOCK AVERAGES

SWINE PRICES DROP 25 CENTS

18,000 Hogs Received at Stockyards Here in First 40 Trade.

Receipts of 18,000 hogs at the Union Stockyards here today sent the priees down 25 cents on all weights, according to the Agricultural Marketing Service. The 25-cent drop brought the top price quoted down to $8 paid on the 160 to 180-pound division. Vealers dropped 50 cents to $1 of last week’s gains but the $13 top held. Fat lambs ruled steady to weak with yearlings . steady.

Dee, i ei Re ts. Dec. FES

bap.

Dos ts. ::3 s 10 Bepai 25 1200 e 3 s «ss 6.00 16,500

Barrows and Gilts Good and

140.8 5.15‘160. 5.50- 5

4.35- 4.60 4.15- 4.50 4.10- 4.25

0- 4.50 in iter R .95|Medium and Good— a 90- 120.. 4.75- 5.25 ; Vealers (Receipts, 2900) Ss excluded) $ 6.75- 7.50 6.75- 1.50

.. 5.25- 6.50 alers

. _8.0-9.25 750 8.50{Cull

130% 100. _6.75- 1.75 Steers, Heifers

MixedI50. 9.00-10.25

d— : - ev Got 700. 9.25-10.25| 800-1050.. Heifers : Good—

9.00-10.00 8.75- 9.00

8.50- 9.25 8.00- 8.75

7.00- 8.25 > 00- 7.00

Choice— 00- 800.. 750- 900. 8.75-10.00| 800-1050.. Good— . |Medium— 750- 900. 9.00-10.00| 500-1000. Medium— Common— 500- 900. 17.50- 9.00| 500- 900.. 300-900. 6.00- 6.75/Medium and © Cows : od....$ 5.50- 6.25 3 Bd se .$ §.50- 0 a Calves (steers) edium . . .50- 6.50|Good and Cutter and 500 down .$9. 9551 11.00 common 4.75- 5.75|Medium— Canner (low 500 down. 8.00- 9.25 cutter). 4.00- 4.75 salves (heifers) : 00. down. $8.75- 9.75 oa! wn 7.50- 8.75 (Receipts, 4800) $ 8.75- 9.25 8.00- 8.50

SHEEP AND LAM} Lam]

Good and choice Medium and good

s (on shorn basis) Good and i ice Common a medi

: 3.25- 4.00 svtidey vail | 2.25- 3.25

+ CHICAGO LIVESTOCK

28,000; SP hed slow, ights; most 220 lbs. down around 10c A spots ue heavier butchers Steady oo , $5.80; 160-2 bi [email protected] 3 3 [email protected]; le och butch. ers, $5.20 @>5. 270 1bs. 130-160-1b. ea 360-550-1b. packing sows, $4.10 4.50% ght butcher kinds up, to $4.75. attle — and chal 15.000; Lae 1000; strictly good an choice steers and in perate at steady; others slow, we es medium good rades redominating; strictly finished 1000-1100-I eras, come ngs he! arou 8 oarlings and li ht steers, $10. 5 est savies, t 2 such ga = 3h =a heifers Neng. Suc oa e 3 Supply a 0; mixed yearlings, $10. bulk ho, 8 downward, e

s — Receipts,

re best a ors Cress cattered vealers s lots selling up to $12.50; most vealers, $11 12.

Sheep—Receipts, 7000; slow; fat lambs % | strong. to 98 and » Hors h

| around 25c

oole 5 down; Thi Boot $0. [email protected] be good slaughter yearlings,

about ady; native ewes, 9 few

*:: light weights, $4.75

OTHER LIVESTOCK

INCINNATI, Jzh. 4500; total active, generally 15¢

0h. 5 bon SO as a 45;

Catt ttle—Salable, 1900; total, 2150; 500; fairly active, gene ally steady, Some Sent Or foe m 0 $10.25: part load near 675 Af heif

2 (U. Hogs— 5325. a oldovers: I; Sows, sows largely $4.25

. ty non and medium yearlings and heifers,

0 down: part load good near 1150. 7] He $9. 50@? 5; oe beet cows, $6.25 top jagisage bulls. $7.75; vealers stea i

% Hen Supt; a oe ‘strictly bn 2 and Sam quotable to

around $9.50; common and medium, $7@

Jan. 2 (U. P.).— )25¢ lower; 150-200 1 $5.20 : ows; $li@12.

nEAFA YETTE, Markel 20 i 5.90; 200-2 0 Bo 325

U. P.). —Hogs $5.65. 220-240 Poe 45.25: 60-28 0 Tb $4.95; 280-

$5. 4 0: 300 1 sian: EAU Ibs, i. 8; 335,350

0-400 1bs. bs., 250 350: 140 1bs., $5.35; 0-120 hee $5.10" roughs, $4.25; stags. $3.25. Calves, $12. Lambs, $9.

BUSINESS AT A GLANCE

By UNITED PRESS Advertising Age reports week ended Dec. 23 retail advertising in newspapers of 78 major cities 23,903,088 lines vs. 30,415,981 previous week and 22,636,988 year ago; year to date 955,606,930 lines vs. 940,147,093 year ago, up 1.6 per cent. National Lumber Manufacturers Association reports week ended Dec. 23 lumber output of 472 mills 195,651,000 feet vs. 220,872,000 feet by 533 mills previous week; shipments 188,101,000 feet vs. 196,929,000; booked orders 193,695,000 feet vs. 207,233,000.

at” [re 7

(RDN:

AUTOS, CROPS GAINS IN YEAR

Business Ahead of 1938 in Some Departments, Surveys Show.

DETROIT, Jan. 2 (U. P.).—Business was on the upswing in Michigan during 1939 with automobile production and farm crop income leading the way. From trade reporting agencies, governmental departments, and lo-

cal surveys came indications that

business generally was good in the state, in some instances far ahead of 1938.

low 00-225 1bs., $5. 50; 100- |

up, ‘benefit payments were do

State sales tax collections were unemployment compensation , Great Lakes shipping, tourist trade, and

oil prdouction increased, and incréased employment extended from the Upper Peninsula copper country to Lower Michigan industrial centers. Most important to principal population centers of the Lower Penin= sula was a steady rise in automobile production, estimated last year at 3,720,000 units, the 10th highest total in the industry’s history. Farm crops, generally above average, brought an estimated $131,983,000 to Michigan farmers, although acreage planted decreased generally from 1938 totals. The cumulative yield was ‘$12,253,000 above the 1938 total. The Michigan Manufacturer and Financial Record estimated retail purchasing power was at its highest peak in 10 years in Michigan at the year’s end, evidenced by bonus and profit sharing distributions to workers, increased employment, and distribution of an estimated $3,400,000 in Christmas Savings Club checks throughout the state. It quoted the National Consumers’ Tax Commission as predicting that Michigan’s Christmas sales would amount; to $101,202,000 in 1939, the highest since 1929. Sales tax collections, a reliable indicator of the trend of business conditions, will total about $p5,208,000 during the year, mpre than $7,560,000 above the 1938 figure, officials said. Nearly 29%: per cent of the total represents collections on food sales; 18%. per cent on automobile sales; more than 14 per cent on general merchandising sales, and nearly 162 per cent on sales of building materials, wearing apparel and furniture. Further evidence of business revival was found in monthly reports of the Michigan Department of Labor and Industry which showed that employment and payrolls in industry generally, were higher than in 1938. A composite report irom all industries showed employment ahead of 1938 for ‘each of the first eight months last year, with a peak gain of 35.3 per cent above com-

00- 8.50 {parable 1938 figures reached in Au-

gust. Wages, which declined late in the year because of labor disputes, likewise were generally ahead - of those for 1938, with the greatest monthly percentage ghin- 23-Te-corded in June.

CONSTRUCT 42,000 SINGLE HOMES IN ’39

NEW YORK, Jan. 2 (U. P)— The International Statistical Bureau, Inc. reported today that its annual survey of 46 cities in 24 states found 42,000 new single family homes constructed in 1939 and indications for a gain in building of

homes under $6000 in 1940. Builders, bankers, building and loan association officers and real estate dealers, however, were divided in forecasting a trend in home building above the $6000 level. Some

30 looked for a decline, while others

freely forecast a gain in construction of costlier homes. Of the new homes built this year about one-third more were still unsold or unrented in November than in the corresponding month of 1938. The Bureau warned that such an s|increase in inventory of unsold or i |lunrented residences has in the past acted as a drag on spring building.

35th With Bell

J. W. Hannon, general plant manager of the Indiana Bell Telephone Co., is observing his 35ia anniversary in the Bell Telephone System. He has served in his present capacity since 1925. Mr. Hannon was a 14-year-old schoolboy when he became a part-time collector for the Missouri & Kansas Telephone Co., Leavenworth, Kas. He joined the Indiana Bell in 1920 as district wire chief at South Bend and was transferred here a year later. Mr. Hannon lives at 4456 Washington Blvd.

FEEL GO GOOD

recur the bos to us. We wil

chase ()

Lik NICHT

LEAD MICHIGAN |

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

NBC-Blue stations are scheduled to carry 25 minutes of the proceedings at the opening of Congress to-

| |morrow, beginning at 11 a. m. In-

cluded will’ be the remarks of

|Speaker Willlam B. Bankhead, in-

terviews with leading Congressmen and description of the general proceedings. ” 8 »

Also on NBC-Blue, and likewise from Washington, will be a talk by Mrs. Roosevelt at 4 p, m. tomorrow. She will address 333,000 Y. W. C. A. members over the nation on “Training for Democracy.” The address is part of the National Conference of Girl Reserve Secretaries, meeting at Lake Forest, Ill.

” ” ”

A pretentious NBC program, called “Cavalcade of America,” makes its bow at of American history will be dramatized for the series by Carl Carmer, Marquis James and Dr. Frank Monaghan. WLW and WENR' will carry the series in this vicinity.

The, first broadcast will deal with

’ o'clock tonight. Incidents]

“ON THE RADIO

and will present Burgess Meredith in the role of Amerigo Vespucci. . wx Tonight, on “Information Please,” Gloria Stuart will attempt to refute that prevalent belief about attrace tive blonds being beautiful but— well, dumb. Miss Stuart is the attractive young lady in the employ of the 20th Cen-tury-Fox people. It develops -that her life, outside of pictures, has been an interesting one. For instance, at one time, she probably was the only combination society editor and lino=type operator in the country. This occurred during her stay on the Santa Monica Outlook’s payroll. She crashed the movies via an appearance in a California little theater's production of Chekhov's “The Sea Gull.” Also present will be Carl Van Doren— besides, of course, the “reg= ulars,” Messrs Kieran and Adams. NBC-WLS at 7:30 p. m. °° sn ; The Andrews Sisters and Glenn Miller’s orchestra beg a Tuesday=~ Wednesday-Thursday series on CBS~ WFBM at 9 o'clock tonight. . Beginning a week from tonight, three Canadian orchestras, the To~ ronto Symphony, Les Concerts Syme phoniques and the Montreal Or chestra will alternate on a weekly series (MBS stations at 9 p. mJ),

the story of America’s christening, ” 8 ”

INDIANAPOLIS WFBM- 1230 (CBS Net.)

Kathleen Norris Golden Store Hollywood Scattergood

Billy & uetty Spelling Bee Deep River McCune’s Or. H. V. Kaltenborn U. S. orts European News

Girl Alone

Dessa Byrd

News f1easure Time’ Jimmie Fidler Myvster Second Husband is ” Dick Reed

Bix, Towp Missing Heirs

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Heidt’s Or, x ”» ”»

Rep Hoosier vores

Melody Cameos

Johnny Presents ” ”

through April. ” 8 8

THIS EVENING

(The Indianapolis Times is not responsible tor inaccuracies in program announcements caused by station changes after press time.)

INDIANAPOLIS WIRE 1400 (NBC-MBS)

CIN INCINNATI (NBC-MBS)

Kitty Keene Midstream Jack Armstrong Invitation

News Baker and Denton Once Upon Time Lowell ‘I'homas

Pleasure Time

ews Melody Grove Inside Sports

Johnny JPresents Or,

CHICAGO | WLS-WENR | (NBC Net.) Home Forum Serenade Anthony } Dinning Sisters

{Junior Theater {Children’s Story |Bud Barton {Tom Mix

Easy [Lost Bitns

[New Sports Review Aldrich , Family

Information PleaseHeidt’s i ” ”» ”»

We, , the , People

Tony & »__ Rhythm Concert

Glenn Miller Hoosier ,, Talent

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Fibber McGee J 5 ”

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Bob, Hope

Doghouse Singing oy i »

Crummitt, Sand, ” ”

/America Cavalcade Crummit, Sand, Mr, Weeks Fibber McGee

Shield’s

Concert Blade’s Or.

,, Revue Bob Hope

Doghouse

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Bama Biome 3 di

Amos and Andy N News - Paul Whiteman Outside

Low

Paul Sullivan Reynold’s Or, Lorch’ s Or .

Recordings

T. Dorsey

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< 10 o’Clock Final ” ”» ” ”

Little's Or. Messner’s Or,

‘Peter Grant Agency Series Busse's Or. Snider's Or.

Orrin Tucker Mogn River

INDIANAPOLIS (CBS Net.)

Early "Birds Dawn Patrol ” ig Markets

WEDNESDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC-MBS)

' CINCINNATI LW_ 700 (NBC-MBS)

INDIANAPOLIS “WIBC 1050

Devotional R

Mornin’ . anch Gang. Checkerboard

”» ” » ” Lo» » » »

News News

Freddie Miller - City Today Good Morning Air Kitchen Ensemble " » Miss Julia Editor's

Kitty Kelly Myrt and Marge Hilltop Stepmother

Lanny Ross Brenda Curtis Big Sister

Life Story Kate Smith Girl Marries Farm ° Circle Farm Bureau

” ”

David Harum hoad of Life

Guiding Light

Singin’ Sam Dr. Malone Headlines Linda's Love

Farm Hour Markets, Reporte! Headlines

Betty &

News itty Keene oon Tunes

Valian Betty ora

Mary Marlin erkins epper Young Vie & Sade

Deep River Wheeler Mission My Son Joyce, Jordan

Society Girl Air, ,S¢ chool

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Wirees Presents

Kathleen Norris Golden Store Hollywood Scattergood

Girl Alone Midstream Dick Reed Déssa Byrd

i - 16 53 SES

Dawn Patrol ” »

Daughter nl Dlartied

Woman in White

Against Storm

Weather

Bob and Grimm’ ts, Vaughise Ha Heriin

EL ee-quarter Time Backstage Wife C its & Bits Ste!

Loin Jones Widder Brown

Breakfast Jam Time to Shine » ” New Gospel Ringer Merrymakers

Caravan Julia Blak Sanit} Lite

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Coflee i Hits ol 1 Maieol Workshop Devotional

Reflections { Dr. Swing Diner J Nite

Little. White House

. Linda's Love Road of Life

T. & Tim Guiding Light Happiness o'Neills

Charm House Master Singers

Friendly House » ”

Organ Castletime | Rhythm Blues Chasers Rhythmakers Farm Boy and Girl ”

Hime Fol volts

Toit) “Sutton

ios Randolp ditor’s Daurhier - Peter Grant

Betty and Bob Grimm’s Daughteg Valiant Lady Betty Crocker

Mary Marlin Ma Perkins Rennes Young & Sade

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Box Bros. ber Please Stat ins :

Pianorama Cugat’s Or. Concert Hour

Concert Steps in Jive Old Refrains Today’s Music

J amboree,

Kitty Keene Midstream Jack Armstrong

SSenade String Serenade

KEY NETWORK STATIONS {Subject to change): CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM. 850, NBC-BLUE—-WJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350. NBC-RED—WEAF, 660; WTAM, 1070: WWJ, 920; WMAQ, 670.

INSURANCE CLAIMS EXCEED 50 MILLION

Claims paid on all kinds of insurance losses in Indiana in 1938 totaled $50,172,000, the State Insurance Department reported today. Of the total losses, $26,633,000 was paid on death claims and more than $10,000,000 was paid on fire losses. Premiums received by all companies operating in Indiana during the past year totaled more than $128,594,000. The report also showed that the nearly three billion dollars of life insurance was in force in the state during 1939.

The total incom companies listed in the ort was\. $1,442,494,000. oN

281 STATE FARMERS GET AAA FERTILIZER

Times Special : LAFAYETTE, Ind, Jéh. 2-—-A total of 281 Indiana farmers in eight southern counties received 224 tons of triple superphosphate under the. AAA grant-of-aid project, the Indiana Agricultural Conservation Committee reported today. The superphosphate was furnished by the AAA in lieu of conservation payment for carrying out soilbuilding practices. There were 30 farmers in Clark County who received 45,600 pounds; 36 - Floyd | County farmers, 35,8000 pounds; 15! Harrison County farmers, 16,000 pounds; 37 Jefferson County farmers, 54,0000 pounds; 15 Lawrence County farmers, 40,500 pounds; Orange County farmers, pounds; 38 Scott County farmers, 41,200; and 86 Switzerland County | farmers, 124,000 pounds.

24 91,400

SANTA FE SPEEDS FREIGHT SCHEDULE

CHICAGO, Jan. 2 (U. P)—The Santa Fe Railroad has inaugurated a new freight train from Chicago to Southwestern cities which will slash

ules, according fo Paul P. Hastings, vice president of the road. Shipments will reach Kansas City early the first morning after they are loaded in Chicago, Mr. Hastings said. Leaving Chicago at 6 p. m. the new train arrives at Kansas City-at 7:30 a. m., whereas, under present schedules arrival at the latter city is not until afternoon.

Be Quick To Treat Bronchitis

Bronchitis, acute or chronic, is an inflammatory condition of the mucous membranes lining the bronchial tubes. Even if other medicines have ‘failed you may get relief now with Creomulsion. Chronic bronchitis can gevelop if your chest cold is not and you cannot afford to take a chance with a medicine less potent than Creomulsion which | goes right to th ea} of the trouble to help loosen and oxpe) gen germ laden phlegm and ai soothe and heal raw, oe, a i bronchial mucous membranes. Creomulsion blends beechwood | creosote by special process with other time testéd medicines for coughs. It contains no cotics. No matter how many medicines you have fried, 11 to i sell you a bottle of the understanding that you are to fi like jhe in, it quickly allays the cough,- tting rest and sleep. or you are to have your money back. See that the name Creo! on is on the bottle and you will get the | gent Seniiine produgh and the vellet you

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