Indianapolis Times, Indianapolis, Marion County, 9 January 1940 — Page 11

«| which begins July 1, 1940. We are

| dia

NEW YORK, #an. 9.—To the man-in-the-street a budget is a pretty horrendous conglomeration of figures. And the speeches and explanations which accompany ijt seldom improve it much. The Government has just offered ~ its budget for.the coming fiscal year

told that the Government plans to spend less In this coming year. And to th eextent that that is true, that is a step in the right direction. But you can never tell. Last year the President's budget in January forecast an expenditure on a com-

parable basis of $8,525,633,000. Ac-|pound averages. Packing sows A Nat DOW-JONES STOCK AVERAGES ‘tually it will be about $674,000,000 shared 10 cents of the decline. High !Low Last Change 30 INDUSTRIALS more than that. Vealers sold unchanged with a top| Adams Exp ... 8% 8% 8% — igi Westerday »....... loo 151.34 0.15 However, assuming that it will be|at $13. Fat lambs and yearling Alaska Jad fis 5% fe om Wook S30 eereresen EER BL +L what it/ is now hoped—namely, prices sold unchanged also. Al Cp DI 830 x 13% 13% 13% + 2 ol Mg Spee reevtieiie MGS mi $675,000.00 less than last year— Am Air Lines. 44; 44)a 44 + | High, 1930-40, 155.92: low, 121.44. ‘where have the reductions been Jan. Top Reps. Jan. Top. Repts. Am Saw = Sas 32a 583s — 3 | High, 1938, 158.41; low, 98.95. ‘made to achieve that result? 3 <8 818 S45 $ BRIN) 300) am Tee pt joi ds B+ 0 20 RAILROADS . ea ; sar S10 Am P&L 5 pf A 53% 53% Va Vs | yesterd ” » ” 5 ... 6.10 10,500] 9 , 5.85 14,300 Am d & 0. 107% 1% erday. .................. 32.18 —0.0% . 1 v, 17% + Y|Week AZo .......c.ivouvdh . 32.28 0.45 THE ANSWER to that question | garrows and Gilts | Packing Sows Am Red & 85 ot dia Lan 887s — 15 Month Age... L 3131 10.0% IF one Of the Ost Herein, et | ® [5300300 3 ses ass Am Water Ww. 11% 11% U% + oiyear age ................. 2.46 '—0.04 items in a number of years. If you | “130. 140 § 5.10- 5.35 300- 330. 4.65- 4.80 | 4m Nat W.1 pf 99 3 3 I 2] ‘High, 1930-15, 35.90; low, 20.15 will look over the budget itself, 110-180 2-3- 2.33, 000; 960. 4.60- 47%) Anaconda ...... 0. 30 30. +. | High, 1938, 13.98; low. 19.00. E i = ye ant ee ison... ... a a geal. you will see that many items have | 180- 200] 5.70- 5.85 360- 400. 4.40- 4.65| Atlas Corp 3% 8% 8% ili 15 UTILITIES been cut below last year and a great 29- 320. 5.9 3.501 300- 0 1 $30 Atlas Corp pf 48 48% 48% —~[ 3 Yesterday ; 26.36 -+0.11 ‘many more have been increased.| 240- 270. 5.25- 5.55 Medium— ie eek Azo 25.90 0.32 | ie Pre: 270- 300. 5.05- 5.30/ 250- 500 4.00- 4.50 =P Month Aze “24.70 —0.19 Roughly speaking the Président has | 200- 333- 3-00° 390 **Giaughter Pigs | Bald Loco ct .. 17 I LT ei (aanth As HN un taken 30 departments or bureaus or| 330- 360. 4.80- 4. 95Medium and Good— | Beech N Pkg ..126 126 126 i... ! 5 23. +0. bureau items and cut them. But Medium 5 60 90- 120. 4.75- 5.10 Bendix Avn ... 29% 20% 20% = Ya Hizh, 1939-40, 27.10: low, 20.51. : 160- 200. 5.25- Beth Steel 80 Vs gh, 1938, 25.19; low, 13.14. he has also taken some 23 items Slaughter Cattle & Yoalers (Receipts, 2828) | Beth Steel 1 ho 115% 13 13% os 1 : 3 low, 15.14 in which he has made large in-| St i Bulls A £2 7 7 © Net creases : oh Gi 5-11. 50. Good E385 7a Boene Ale aie 32 3 » 2 : : High Low Last Change ? 30 900 S10. 7 ood . 2 A vm 34% rw Now suppose the President had 900-1100. °10.75-11 30 Sausage Racept Brass ©. 117 11% Hi Lat MavieE Ne 2, a 1 = ..o 6.75- 7.20 | puevrus-Erie .. 9% 95 8 Ya Mel S| 312 31%; 31% 3 made all his cuts, but in those items |} 1503. 10.25-11.00 Medium . 6.25- 7.00 Burlington M.. 213% 21% 21% 4 Ys Midland Stl pf 116% 1181. 11812 ... where cuts were out of the question | Gaod—- . ay solCutier snd 5. 5:50 eo (Monsen 1075 107% 1072 4 vn - . DU= 2H ) . } had kept them to the level of last) T0090. 3571650 Vealers Callahan zinc . 1% 1% 1% i wy id ly 4 year, what would have been the re-| 1100-1300. 8.15-10.25 Good and 12061308 Canada Dry HG 172 11% 11% FIP Nosh -eiv a oa - v4 wy pe 7 =BeIV ..... ! sult? The various cuts Shien have 3300 1500. 7.75-10. 5 nd Be Son Pacine .. 3% J 23, + ; Nit Bi Biscuit 23s 21s a3 +h been made total $913,058,122. 750-1100 = 8.00- 9.25 Medium Cerro 2° Pasco 41 41 1 4 Vi!Nat Dairy 1% Tis Tih Tin Now if the President, had made 1100-1300. 7.50- 8.50,Cu ecdon: s.0-3 00 Shes & oS hie : on 41% 41% iL Vy hh LT a 8 3. + “ 3 : Cattle, Calves Ch & Nw Ry . 5-16 1-16 1-16 ... at Steel ..... Me: 1% al — 1 no Jncreases to offset against Bese 750-1100. 6.50- 17.50 (Recoints. 583) Chi RI &P 8pf 5 9 San. NY Central : 17% Rh Pa decreases, then this year's budge Stoers. Heifers : Steers Chrysler ....... 83% 83% 88% +b, | NY Ship i 14% 1% Fv ’ Ve 2 b — 1 would be nearly a billion dollars 0 9.75-11. ia 9.00- 10.0 oi Solum Gas... 19% 1434 143, va No Am Avn 2535 2534 23% —_— 3a Jess than last year. : To accomplish Good . 800 1050.. 8.75- 9. 00! i Comwith Edison 32V 321 391, “+ ba ir this result the President would not| “500- 700. 8:75- 9.75 G009— = ; [Sons Cop Mns. 2 . 8. 8 + VaipicAm Fish.. 3% 5% 5% - h been ‘called on to maké a £300- 300. ~ 330 2.33 Coty AEE in 1% 4% + '"aipsn ‘Am Airwys 1973) 1997 19% — 12 1aVe Deft 1a Heifers Lining 5. Coty, Inter of 8 83 8 Lily, |Pleiffer-Brew .. 62 81a 6%; .. single impairment of ‘any Govern- Choice— | 500-1000 . 7.00- 8.25| Crown Cork ... 3 2794 TI Vy eins Dong odg 387s 3874 38% ment service compared with last) 0; 900. 8.75- 9.75 Common — a00 200|S It Pub pi. 44° 4° 4 — 1h PAs eats I 10 402 0b; Ll. year among those which now get 750 900. 9.00- 8.75 500. M00 iw D0 Curtiss-wr © ore 10% /i0ks ' = Hie Procter & G x 87 67% increases. The fact that he has|Medium— Medien and. ey = .4P sees 41% Ya 4 | 500- 900. 17.50- 9.00! Deb & Hud .... 22 22 22 + |v|Pure Oil 9iz 9%p 94 . been able to find 30, Hems out of Comman— "| Rood tater 25 Bev & RA its 2 gu gin = fal eons" n ” . which he feels justified in squeezing = -00- 6.95 Good. and Ch w Chem *..... : == Hi fee almost a billion dollars Ri com- Cows a0 down '$9.25-11.00 | Du Poni... 18212 183s 182% =1 ihadio .......... % 5% mo... plete justification of those who have Good ...$¢.50- 7.00 500 “down 00-9. 28st Als tines ws ou 1 ie a na Jb Jp 18 been demanding just such action. |cutterand Good — Eaton Mfg ... . 313% 313% 313 - 's|Republic Bu. 22% 22% 22% + % : sn Elec Pwr & LY 8 + Ya Reyn Tob B.... 40% 40% 40% ... . 2 a.» coon 4.75 5.75, 300 down $8.75- 9.75 El .Pw&L $6 pf 30% 30% 30% — Ys Cg WHAT ITEMS have been selected| cutter). 4.00- 4.75] 500 down 7.50. 8.75 Fl PW & L $7 pf 359 # 3% Bh + afeway § pf. 105% 108% 108% + . .SHEEP AND LAMBS (Receipts, 1890) _—r avage Arms .. 21% 2-3 + » ? : ’ : Civil services and al of the reliel Lames Rpm a Rn 4 SEEM R RL RE Civ] Serv h Good and choice ..$ 8.75- 9.35 | Follansbee . .. 3% 3% + %|Sharp & D pf . 54 54 in and ‘recovery services including Medium and good .. 3.00- 8.50 BD Socony Vacuum. 12% 12% 12V .... 3% 3 Oe ET es Sg rele i ls cain a Sout Pac Lh Ya 3 Ys 1g Tecovery projects. and work. reliet Bees (on shorn basin) gen mere wn gn ws oo (BUR ERC BEBE ONG Fecovery projec Good and choice ............. 25- 4.00 Gen Motors... 54% I j2|Sperrv-Corp .. 44}; 4d4la dla — a projects. Common and medium .......... 2.33. 3.25 | Sen Molo Taos se x 5 id Zrapds..., 5h 232 22” i ve Why have these cuts been made? Gen Su C Ee 3% Ki von few Susy Se Bn fu LL The answer is obvious: In order to Gillette § R ir aa +n | Siudehaker BN. tz ; 5 1% 31% 31% + Y 1 1, “sen make a large part of these savings CHICAGO LIVESTOCK gies 5.05 = 42 4: 4% Zr avallaple ior e Graham-Paige = 1! 11 A s RT % 7 3 program. The increases in various Heft Recupts. 20% generally is, to GEER Br fH fem RR RL . . active; 0 T! n i Y -] $ 4 1, 1 items total $564,000000. Of - this|35.75; bulk good and choice 160-220 J30. [Srey nt un, Un *{Franamerics, 8 Say Wh 4 % roughly $95,000,000 is allocated to SD 15%s 5 Sas 320 Herc Pdr 20 —1 nion B & P 145 14% 143% = Ya various peace-time services, includ-|[email protected]; strictly good and choice 140- 160 Hollander & Sn 62 6% 4 Yal Onion Carb 867% 867 86732 p Ibs., [email protected]; good 350-500-1b, packing Holly Sug .... 14% 14% + Y%|On Oil Cal 17 IV 10 mY ing grants to states under old-age ows "[email protected]: lighter weights to $4.75 | Houston Oil... 6% - 6% «+o On Tank .....\ 93 23 "oy CW pensions which are obligatory under Cattle—sReceipts, 10,000; calves, 1000; pe n Air Lines.. 157 15% 5%... the law. This means that all the|Sisree, Sieady’ excessive supply Joaslmes Interchem of ..100% 100% + % Purl Li air on rest—about $470,000,000 — has been |steers here; weighty kinds yy Short fed nteriage I... 1h 1% — {AU S Rubber 38% 38% 38% .... : to the A d the N d | lower; bulk steer crop’ without pids, but |pn¢ Hyd El at 53, 52. + 1,/USRub 1 pf 112% 112% 112% — % given to the Army an avy an all interests on long fed kinds <elling | Int Nickel . .. 38% . 38%, 1 172{0.8 Steel ..... 65% 65% 65% + 9% the defense projects in one way or|at $10.50 upward on weighty offerings an : POLL 13% 13Y rq : ye $11 up on yearlings; early top yvearlings|int F & PF .. 132 13% 1, i another. $11.60, but $11.75 bid: sprinkling weighty 00 Sa De 33 I {| Victor Chem ... 30% 30% 30% + % Last year we made an enormous Toshiya Sh b0610.25: herons ciency "in ez K i —W— . . eliers steal Ty — jneredse in oe army sno Navy BD-|25 cents lower: supply mostly $1.75. 2: | Kalamazoo S&F 141: 14% ove Palker CB) Lo. 8% 8% oh + WU propriations for defense. we were ady to wea cutters steady a ennecott 8 38 + YBiwes Oil &S ... she 2634 ne rn to keep that increase—and it is far|weighty ® Lou ange. "omestozt Sealy in| Kroger GAB. + 3% 2% - wes OILS pf’. mis Ti Mi G1 more than enough—the budget could YerraEs En ountry oe "So @s 0: Lehn & Fink .. 12% 12% — Y% |W Pa El 7 pf. 112% 12% Ua .... easily be pared to a billion-dollar re-| most replacement cattle. [email protected]; B80 loew £. 0 357s 3% =a White Mot 13% ih 13% = 1 : i.! SsSheep—Receipts, 10.000: late Mondav fat | LoItl, inc ...... ” “er /! 5 duction if we accept all of the Presi- |, Shee Recents, 10.000; lage Monday fat| [of they; H% 35% :10 |Woodward Iron. 24%; 24%; 24%2 .. dent’s other cuts. What. has hap-!ler; sheep steady; wooled lambs, [email protected] Lorillard ...... 21% 24% . Woolworth .... 40%, 40% 40% + 4% pened is that we have now set about Ts estiD $9.25; s Sood Jearlin gs, 2 id J Worthington | v 21 2a. : wes. $4.85; loday's trade fat yp.) py ots... 180 15% 18% + vy Cr ; draining every Government depart-|lambs and yearlings rather uneven; open- Moin aS 93, 2 Ive +f Young Sheet pf 89 89 8

ment — regular and emergency, skimping on every social activity except those unchangeable by law, in order to give that money to the Army and Navy.

FT. WAYNE ORDERS

7 MOTOR COACHES;

NEW YORK, Jan. 9 (U. P.).—The J. G. Brill Co, American Car & Foundry Co., today announced receipt of an order from the Pennsylvania Reading Seashore Lines for 24 streamlined streetcars. The A. C. F. Motors Co., also a subsidiary of American Car & Foundry, announced receipt of an order from the Indiana Service Corp.,, Ft. Wayne, Ind. for seven A. C. F. motor coaches powered with the Hall-Scott horizontal engine.

Incorporations

TUESDAY, JAN. 9, 1940

subsidiary of the|g

SWINE PRICES DROP 25 CENTS: RECEIPTS GAIN

Heavier Weights Dip Dime At Stockyards Here; Vealers Steady.

Hog prices dropped 10 to 25 cents

according to the Agricultural Marketing Service, as 13,500 hogs were received for sale. The 25-cent loss was on lightweights under 200 pounds. Butchers scaling more than 240 pounds declined 10 cents. Top price fell to $5.85 for good and choice 160 to 180-

to choice! hand packers and shippers, $9@9. around A eadso on slaughter "sheep, few natives, [email protected]

OTHER LIVESTOCK

able lots good and choice fran in fed Western and native lambs scaling from "76-84 1bs., $9.50 png, 33 75; most common and medium, $7@8. .

> ayNg Ind. Jan. (U, P.). Hoge cents ly 160-180 1bs., $5.75; 150- 500 Be $5.65; 200-220 Ibs., $5.55 220-240 1bs., $5.40: 240-260 lbs. , $5.30; 960280 1bg. $5.10; 280-300 |bs.. $4.90; 300 325 1bs., $4.80: 325-350 lbs., $4.70; 350400 1b $4.60; 0-1 Ibs. S33 120140 Ios $5.29; 100-120 lbs, Roughs, $4; stags,’ $3: calves, $12. 50; CL

Telephone Realty Co. Indianapolis: amendment showing Sa stock to 883 A anny Zar Yaive,

Ideal fing and Coal An-| ‘ow! YORK. Jan. 8 (U. P)).—Following| = TDESE levies, he pointed out, react Jerson; amendment decreasing ‘directors to are noon cable rates on | major Ting unfavorably upon Indiana and other General Mills, Inc. Delaware corpora- |rencies: gale Chinge | Midwestern soy bean producers, due Hon: amendment of articles: of incorpora- England ( qund) no BEE +02 to the fact that the margarine in-Fusner-Simms, Inc. 130 E. Washington |Ganada (dollar) ...... . +04 i j St.. Indianapolis; agent, Bernard J. Fus-|France (franc) ....... Pret +0017 gusty is 3 major consumer of soy Ber, 038 Sonia A ye Indianapolis: 1000 De agar | Ee, bean oil. shares col ral ar value an sss : ; i shares preferred no 1 value: dealing In Germany _ (mark) gndqy, UNduOTEd The majority of such laws on the securities; Bernard J. Fusner, Ferd Whzerland Jirehc) 223302 rpo0g [Statute books protect or seemingly Hallick, Howard N. Simm ollan {zi er) "2383 © 4.0000% | protect, some important minorit Bedell Co of Indiana Corp. c-0 Patter- {Sweden one) ‘55 +.0000°2 | PIC 2.x po nority son-Fletcher Co. Harrison’ and Wayne Sts., Norway kone ses 2212 ei private interest. Some of these Wayne; agent, Richard Thompson, Denmark ( Fone) -19 #reeives t t ts same address. 1000 shares no par value: |J8Pan |(yen) . ........ +.eee.. [Private interests are strongly en-

operate de department stores; Mildred Bedell, B G. Nun

Quality Re Inc.. 5219" J 5hman Ave. Hammond; agent. James C. Brown, same address; 1000 shares no par value; Suid ing and real estate business; Har J. Fesley, James C.

inge Warsaw Bottling Co., Inc. agent, Charles E, Hughes, Warsaw; 166 shares no par value: manufacturing and selling soft drinks and mineral waters, ice cream. etc.: Mary T. King, Alex King Jr., Charles E. Hughes Michizan City Cubs Baseball Club, Ine., 817 Pranklin St. Michigan City: agent, Joseph Heinsen, 107% ES 10th St., Mighigan City; 15 shares of $75 par value: foster clean sportsmanshio in Michigan Oiy in line with best traditions of semibaseball: Heinsen, Russell Har “iy Louis A. Chinske. aer-Sternberg & Cohen. Inc.. Delaware Siyoration; change of agen | io Sue Tyler, ut and Jackson Sts., Ven Goshen Bakery Co., Toe. "Goshen; Vincennes;

‘dissolution uikb & Co., Ine. dissolution oh ree of egart Th Pine "Ltd.. PennHivania corporation. withdrawal from In-

Soaitimen- 50, Inc., Route 12, Box 183, Indianapolis: no capital stock: operate club house. boats. wharves, etc. tor mempers: Lawrence E. Harkness. W. G. Terrill, John W. Johnson.

LOCAL PRODUCE

Heavy breed hens, 5 lbs. and over, under 3 Ibs., 11¢; Leghorn hens, 7c; - and White Rock 12¢, under 4 lbs. i Ibs. and over, 10c. under 4 lbs., 9¢ breed Stags, qe; yom stags, 6c; Tie broilers, 2 Jos. nd over, 9c: capons, and over, lbs. and over, 16¢c, 7 lbs.

and over, 2s * fresh country, 25 Ls SRE

No. 1 strict] 15¢; (each full case must wei

Warsaw

be made.) @34%c: by 2, 32@ 29c: No. 2, 28c.

. : No. (Prices quoted by Wadley Co.)

See Final Edition . of the Times

for

Brown, Herbert I. helo: Ca

* FOREIGN EXCHANGE

WHEA1

Jn elevators are paying eat. 97c; ha to market

WAGON

Indishapolis for No. 2 red shangel inet grades their merits. sh No. 2 yellow, shelled, 52c; No. 2 white] Feheiled, 57c; No. 2

hite oats, 4c.

Banquet Guest

Roger Amsler of Rensselaer, Ind, owner of the 305-pound Hampshire barrow which won the grand championship at the International Livestock Exposition in Chicago last month, will be a guest at the Agricultural Alumni

Association’s annual banquet at Purdue University Thursday. The | champion hog, purchased by the ° Kroger Grocery & Baking Co. for

$1.55 a pound. is being exhibited

at the Union Stockyards here today, |

Business Index Off Slightly

PAGE 1

| JAN.

PREPARED BY ADMINISTRATIVE AND RESEARCH CORPQRATION - NEW YORK, 1926=100

FEB. MAR. APR. MAY JUNE JULY AUG.

SEP. OCT. - NOV. DEC.

The Administrative & Research Corp. weekly business’ activity index declined trom. 104.1 to 103.1 for the week ended Dec. 23 as compared with 89.4 a year ago.

A&P TO OPEN

N.Y. STOCKS

By UNITED. PRESS

ing around ‘steady to 15 cents lower: good ig UR lambs to neavies and kinds lacking finish IE 3 haves

CINCINNATI, Jan. 9 (U. P.).—Hogs— Salable, 3000; total, 3200. Fairly active, 0 25 cents lower; top, $5.90; 00-225 i lbs., ui Bo -140 ‘Ibs. $4.25@5; sows| Charles H. Janssen, president of mostly wn. Cattle—Salable, 500; total, 525. Calves|the National Association of, Marem BLL BL Handy, sestings. 0% garine Manufacturers, last night as. .50; fev load around 750-1b nelfers, warned of the dangers of diserimscatterin steers: an e ers, - % 1 Bs ene Tie inatory and retaliatory state trade common to wood. fat beef cows, S60650. laws, at a meeting of the Indiancanners an cutters mostly a op 3 y 3 ’ sausage bulls, $7.75; 1k, $6.51 at 0. apolis Sales Executives at the InSheep—Salable, 200. Fully steady. Size- |dianapolis Athletic Club.

— lexercised by the totalitarian states : |if the present interstate trade bar--|rier situation remains uncorrected.

JANSSEN PROTESTS TAX ON MARGARINE

Mr. Janssen predicted the extension of Federal control of interstate commerce along the lines of that

“Typical of such barrier laws,” he said, “are prohibitive taxes imposed upon the sale of oleomargarine by such states as Wisconsin and Washington.”

trenched. They will not relinquish the real or fancied advantages they now enjoy without a struggle, » he said.

WHEAT RALLIES IN

CHICAGO, Jan. 9 (U. P.).—Wheat rallied to score fractional gains on the Chicago Board of Trade today, after opening easier. At the end of the firs? hour wheat was up % to 3% cent, with May wheat at $1 03%, Corn. was unchanged to up % cent, oats up % to % cent, rye up % to 7% cent, and soy beans 3% cent to 1!4 cents higher. Local buying encouraged by firmhess at . Winnipeg Ti prices. after scattered selling at the start. The Canadian market was up % to % cent in the first hour.

By UNITED PRESS

TRADE AT CHICAGO:

ed wheat | gen Offerings were very light |Chgo Corp

BUSINESS AT A A GLANCE

BUILD 500 BOX CARS IN CALUMET PLANT

Times Special MICHIGAN CITY, Ind. Jan. 9.— Fhe Pullman-Standard Car Manufacturing Co. here is completing 500 new box cars made of high-tensile,

low-alloy steel used in streamlined trains. They weigh more than 4! tons less than old-style boxcars.

They are to be delivered to the

Erie and Pere Marquette Railroads. The U. §. Steel Corp. estimates that it costs railroads $18 to haul one ton for one year.

; E $4 LT 139.68 84 8 384 100 50 CHICAGO, J 8 (U. Apples | ixpenses ..$4,043.439,139. , ,138. an, —_ | v Receipts .. 2,827.727,501.97 3.008,138,516.76 | Michigan Mackintosh, nT sie @125 Sweet ur Stocks Gross_ Def. 2.115.711,637.71 1.736..145,513.83 | Potatoes—Tenness ze; bu., $1.35(1.45. Carlls Net ef . 2,096,012,437.71 1,711,012,119.83 | rots—California, crates, $2.40 0 2.90. TomaCash Bal . 2,442 736,301.98 3, 35.8 4,737.89 | toes—Texas, lugs, Celery — Michigal, Net ork. Bal 1,733.780.371.83 2,400,)96,210.02 | crates, atl spinach—Texas bu.. Hig Low Last Change|Pub. Debt 42,001,580,448.70 39,502.543,964.78 as — California, bu., $2.25@32. 35. Alum Oo AL 150 150 .... |Gold Res .17.735.898.882.38 14.566,904.482.22 | Onion Market (50- i, sacks) —Idaho ‘SpanAm Oyen a Tr ie HE 21Ya — iv |Customs . 18 327.086.92 168,758,086.18 { ish, 80c: Colorado Spanish, 75c. m : case “ a — Supe %. By %h oo ; Ark X Gas AL ; eff 21% 91? Xn INDIANAPOLIS CLEARING HOUSE Bell Air ....... 87a i8s 187 — dgiClearings ...................i . $3 957,000 Blue Al age ow 1 : 1, | DE Bits ..oviiiiiiseniiiiiiiiin, ,626, ’000 Brewster. Aero . 11 Buff NEP pf.... 22 : Can Marcon... 15-16 . arrie 4 Celanese 1 The 108% New Business Books a Gas uel. 3% . E &Fu f. 4 1 i RR ee Available at Library = Buesh $ pf. 7 : or . Pruenauf Trail 28% The following new business r Gulf 0 Oil ia 39% books are available at the Diecls Min or uk Business Branch of the ‘InMead Johns 162 ns 2% dianapolis Public Library: Nat Contr lh we oRrORATE SURETYSHIP, by C. Nat P&L pf Crist Jr.— “The promisor and the ; NY Wat sv 6 pf 28% a ih Lo of the promise, and how eo Niag Ii Py pt of a vo a the surety secures the relationship. p 80 “ibe ’ N Ind PS 6 pf 102% 102% 102% + % ASA DISTRIBUTIVE AGENCY. by Bnd 2% or 11% 11% 11h + % Orrin E. Burley—Has the consum- . 4 Ye Va .... - tive movement yet fully Pac GE 5% pf. 313 a i 1 ers’ co-opera on Bean oad” ia 34 3% XW] recosnized that it isa marketing FIRE » NA s ate .101 101 101 —.1 Sherwin-W. . .. 94 1. Va wm IL SOCIAL SECURITY AND PAYROLL Technicolor 172 12 182 = 12] max ACCOUNTING, by John F. Sher- AUTOMOBILE Un 0 id oF ‘ a” 114 1th = 1a yo ew world’s Sion F bookpl 58 8 58 —1V eeping job. Wright Hare .. 8% 8% 8% PREVAILING PRACTICES _RE- INLAND MARINE GRSDING, CORFORARION DIRECT: . SHal Conference ‘Board Since. 1939 INSURANCE at Chicago Stocks herds hE aT go tio director serving the boards of substantia savings High Low Last American ge Somoranians | Aetna Ball FINANCING IMPROVE- or : MENTS: A TisCUSSION OF PUBLIC | & Tr REVENUE BOND v B. W. =p. MUNICIPAL. AUDIT PROCEDUR : : il Compiled by National Committee on 0 Municipal Accounting. :

Deliveries of Sugar in U. S. in 11 3 months ended Nov. 30 totaled 58% 53% 6,290,242 short tons, raw value, Vs. 3 2 6,024,356 in like 1938 period. 182 11872 Goodyear Aircraft Crop. has been 1 1% made a wholly-owned subsidiary. of B sell Goodyear Tire & Rubber Co. to |$ 3 2 take over all activities and person- Be Be nel of Goodyear Zeppelin Corp. Ei £1

Oldest Loan . Brokers in the

The CHICAG Store

On rosy

Diamonds, Watches, Autos, Cameras, ~ Clothing, Shotguns, Ete.

‘Alabama St. Store Is Sixth

Nickle Plate, Wheeling and Lake]

‘SUPERMARKET

Of Kind Started by Company Here.

The sixth Indianapolis supermarket of The Greal Atlantic &| Pacific Tea Co..at 1515 N. Alabama St. will be opened formally tomorrow, J. A. Lindgren Jr., vice president in charge of the company’s

Indianapolis unit, announced today. The modern structure has 10,000 square feet of floor space and has a light tan brick front and yellow brick sides. Parking areas will provide facilities for customers’ cars and will be floodlighted, Mr. Lindgren said. The many departments of the store are large and two features include special departments for cheese and dairy products and smoked meats. There are 48 feet of refrigerated meat counters. Mr, Lindgren said there are “no frills about the new building, only a practical arrangement of modern equipment.” The raw wood fixtures were made by local carpenters. “We have made every effort to provide homemakers with an opportunity to purchase food at the lowest possible prices in an up-to-the-minute new supermarket,” Mr. Lindgren said. Other Great Atlantic & Pacific Tea Co. supermarkets are located at 38th St. and College Ave.” 3021 W. Washington St., 3315 N. Illinois St., 55 S. State St. and 5541 E. Washington St. All have been built within the last two years.

Fraim Appointed :

Leo A. Fraim, 1327 Central Ave. is the new Indiana representative of the General Steel Warehouse Co. Inc., Chicago. Mr. Fraim was associated with the metal industry 15 years before joining. the Chicago firm which is a distributor and mill agent for specialized steel products. Other offices are located in New York, Detroit, Minneapolis, Milwau- | kee and Cincinnati.

Sales Total $104,675

The North Side Realtors reported

building and seven lots, totaling $104,675, at their meeting yesterday in Canary Cottage. John W. Robbins was chairman at the meeting. Those selling houses were Howard W. Fieber, John H. Elam, Thomas F. Carson, R. E. Peckham, Charles C. Binkley, Joseph J. Argus and Jack C. Carr.

DAILY PRICE INDEX |}

NEW YORK, Jan. 9 (U. P.).—Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32|y average equals 100): Yesterday - ......... 00000... 122.80 Week ago .....cisesavvenenee 12313 Month ago esse 0seesess tee 120.62 Year ago ... 1939-40. High (Dec. 18)..... 124.19 1939-40 Low (July 24) ...... 101.40

U. S. STATEMENT

se ese ara an

‘pared with a year ago:

WASHINGTON. Jan. 9 (U..P.).—Government expenses and receipts for \he current fiscal year through Jan, 6, com-

sales of nine houses, one apartment H

«ees 10538;

STOCK LOSSES EXTEND T0 $4 ON N.Y. BOARD

o| Main List Drops $1 as Trade

Increases; Bonds Are Irregular. -

“By UNITED PRESS

‘New. York stocks broke substantially today on increased turnover. Losses extended to more than $1 'in the main list and to.$4 and more in a few special issues: Some selling was ascribed to fears that - President Roosevelt will run again, experts said. Allied Chemical lost $4.25. Steels, motors, building, aviation and mercantile issues had declines ranging to more than $1. The decline spread to all sections. Some foreign selling was reported in leading issues. Business news continued favorable although some lines reported slight recessions. Corporation reports reflected recent gains in major lines. e Federal

decline in commercial loans. Curb stocks were easier in mod-

‘erately active forenoon dealings.

Listed honds' drifted; aimlessly in early quiet dealings with prices generally showing narrowly mixed changes.

FLETCHER TRUST CO, RE-ELECTS DIRECTORS

Directors of the Fletcher Trust Co. were re-elected at the annual stockholders’ meeting yesterday. Evans Woollen, chairman of the

board, reported that on Dec. 30, 1939,

the banking department had total resources of $41,932,017.52 and deposits of $38,438,536.88. He reported that the trust department held the following totals: Trust funds invested, $18,232,23.33; trust funds uninvested, $584,481.28; customers’ secruities, $2,375,091; corporate trusts, $23.797,319 and real estate trusts, $5,393,018.80.

pany’s directors willbe held at 11:30 a. m. tomorrow. Directors of the Fletcher Joint Stock Land: Bank will meet at noon. Evens Woollen Jr. is president of the trust company, while William B. Schiltges heads the land bank. The trust company directors reelected were Henry C. Atkins Austin V. Clifford Joseph J. Daniels Carl F. Eveleigh, Frank E. Gates, Hugh Mc Landon, Norman Metzger, Howard S. Morse, Perry E. O'Neal, Almus G. Ruddell, Robert F. Scott Jr. Stowell C. Wasson, Harold B. West, Evans Woollen and Evans. Woollen Jr,

| : LOCAL ISSUES The following quotations ny the Indian--apolis Bond & are Corp. do not represent actual price offerings, but merely indicate the approximate market level based on buying and Selling, au gustaions of recent transactions. Bid Ask

A Pinance Co com 9. Belt RR & Stk Yds com. 55% Belt RR % Stk Yds pid. . Cent Ind Pow 7%: ... 76 ook Drugs, Inc fom : 1 Ho Home T Ft Way: 502 53% nd & Mich Elec Th Eo fies 109% .... d Gen Serv fd .. ........ 109 - vise na Hydro Elee 7% td. Saeco 80 83 Ss as com ane ea. i Hanks P&L 8% % ‘nid... . 111 114 ndpls Water otd . ...102 105 Lincoln Nat Life Ins Corp. bene 29 33 N Ind Pub Serv 5%% pfd .... 96%2 99% N Pub Serv of Ind 69 lo vid. . [100° 103 N Pub Serv of Ind 69% pfd.. ..108 111 Progress Laundry ... ......... 12 14 dub Serv Co of od FA pid. . 48 3 103 102 67 m 12%, Bonds American Loan 5s 61 101 American Loan 5 46 102 Citizens Ind Tel 4's 105 Crabbs-Reynolds-Taylor 100 Ho! T&T Ft: Wayne 5% 105 Home T&T Ft Wa jyne 8 6% °43 106 nd Asso Tel Co 472% 06 nd Tel Co 5% 60 ........ 02 ndpls Railway, Inc 5% 67. 1 ndpls Water Co 3'%2% Pe .10 107 nterstate T&T 51505 °53’ oe 100 1103 Kokomo Water Works 5% 53..103% : | Kuhner Packing Co 4'2% 49..100 103 Morris 5&10c Stores 5% 5 .100 103 Mune Water Yorks 5% 8 104 : Nat Silk Hosiery 5s 42 ver 9 100 Noblesville HL&P BY" 2 4%... 1101 104 Public Tel Co 45% 55 .. .... 99 102 Richmond Wat Wks 50. 57 1032 105 Terre Haute Wat. Wks 5% 56. 100 02 Terre Haute Wat Wks 6% 49. 2 105 Trac Term Corp 5% 57........ 78 81

FOOD PRICES

When you bully or buy a home,

F. H. A. loan terms are made

Home Ownership Is a Family Matter

1 be secure, comfortable, and happy.

For further details see us.

THE UNION TRUST COMPANY |

: Capital and Surplus $3,000,000.00

make sure your whole family

to suit the average income.

129 EAST MAR

Iny allen

PGCE ATT EGET RY TT Gorpordiion

KET STREEY

Reserve reported a 47 million dollar|

The annual meeting of the com-|

‘will be a member of the State C

: “TONIGHT 7:30—Horace Heidt, WIRE. ~7:30—Information Please, WLS. 8:00—We, the People, WFBM. 9:00—Bob Hope, WIRE. ;

Miss Jane Withers, star of this week’s Circle stage show and, since yesterday, an honorary deputy fire marshal, - will appear before a WFBM microphone tonight at 8:45 o’clock on behalf of the fight against infantile paralysis.

Introducing young ‘Miss Withers

mittee for the Celebration of jthe President's Birthday, yet to be designated by Adjt. Gen. Elme Straub, state ckairman. Jane will sing some songs urge public participation in the campaign. Assisting her will be the comedy team of Collins and Peterson, also Circle performers this week, ” ” ”

The two-year old “Americans at Work” series, formerly heard on Thursdays, moves tonight to a 9:15 p. m, spot on CBS. To inaugurate the Tuesday broadcasts this everning, the program producers will take up one branch of American work » » ”

‘new series’ research bo

THIS EVENING

(The Indianapolis Times is not respunsible for inaccuracies in program announceI caused by station changes after press time.)

- ON THE RADIO

‘where demand for workers exceeds the suppl That field is domestic service. ‘And. though about 2,000,000 women are now employed as housemaids, cooks and the like, countless American wives are still clamoring for that “perfect jewel” who will do the comestic chores to perfection. : \ ss ww» Walter Huston will portray his almost namesake, Sam Huston, on tonight’s “Cavalcade of America” program, 8 p. m. on NBC-WENR. The distinguish actor will be

starred in an adaptation of Mar,

quis Janes’ Pulitzer Prize biography of the Texas president. Mr. James is a regular member of the

8: 0 » iY x * Edna Ferber, the noted novelist and playwright, will be an’ “Information Please” guest tonight, along with Messrs. Kieran, Adams and Levant and their Pgusier; Clifton Fadiman. NBC-WLS 7:30 m. . .. Mutual os

listeners may hear Victor Lusinchi,\ the \

MBS correspondent with French Army, from French General Headquarters (somewhere in France) each ‘Tuesday night, beginning this evening at 8:15. »

Dick Reed

- INDIANAPOLIS _ INDIANAPOI. is + CHICAGO CINVINNATI WFBM (230 WIRE 1400 WLS-WENR 8% WLW . tCBS Net.) (NBC-MBS) (NBC Net.) (NBC- MBS) 4:00 Kathleen Norris Girl rAlorfe Home Forum Kitty Beene 4:15 Golden Store idstream Serenade Midstre: 4:30 Hollywood Di.k Reed Anthony Jack Armstrons 4:45 | Scattergood Dessa Byrd Dinning Sisters Invita tion 5:00 Billy & ett Spelling Ree Mexico City New 5:15 Sates Program Basonology/ Childsen's Story Baker and Dentap 5:30 V_ Kaltenhorn Reports Bud B Once Upon Time 5:45 European News Hoosier Shorts Tam Mis Lowell ‘Thomas 6: New Pleasure Time Easv Aces Pleasnre Time 6: Jimmie Fidler Myst: Lost Persons ews 6: Second Husband Melody, Cameos Melody firove

News Sports Review Inside Sports

Big Town

Johnny Presents ” ”n *

Aldrich , Family Johnny Presents

00 1 15 :30 6:45 10s 7:30 Misging Heirs Heidt's .Or Information PizaseHeidt’s Or. "dy ” ” ” ” ” ”» 3:00 We, the , People Crummitt, Sand. America Cavalcade Crummit, Sand, 8:30 Tor .& Bill Fibber McGee Mr. Weeks Fibber McGee 8:45 Jane Withers : ” ” H ” ” " 9:00 Glenn Miller Boh Hone Shield’s Revue Bob Hope 9:15 Hoosier Talent " ” ” pe ” s 9:30 EH i Doghouse Concert Doghouse 9°45 Singing Cop » 3 Ted: Weems ss » 10:00 Amey and Andy ews ° 10 o'Clock Final Fetes rant 0 ews acLean's Or, A i" 3 m 10:30 Bob Croshy Outside » h . On 10:45 ho ii ro Snider's or. 14:00 2 TH hivan Recordings Kassel’s Or. Unannouneed 1:0 Lorch’s Or. Neus n Litle’s Or. Mogn River o

_ WEDNESDAY PROGRAMS

INDIANAPOLIS INDIANAPOLIS : INDIANAPOLIS CINCINNATY WFBM 1230 WIRE 1400 WIBC 1050 (CBS Net.) (NBC-MBS) (NBO-MBS) 6:30 Early Birds Dawn Patrol Devotional Mornin’ 8:45 4 Markets Frolic Cheornrhoard 7:00 nay Dawn Patrol Breakfast Jam Time to Shine 1S . ” ” ” =” ”» New. 9:30 "” ” ” ”» ”» ” G | Singer 9:45 News News ” . Gos Bel le : 8:00 Freddie Miller City Today . New Caravan 8:15 Good Morning Air, Kitchen Hits of Day Julia Blake 8:30 Ensemble Footlights River Boys ¥:45 Miss Julia Editor's Daughter Lievotional News 9:00 Kitty Kelly Man 1 Married Melog Lane Man 1 Married 9:15 Myrt a Marge Other Wife Dr. rin Other Wife 9:30 Hillto Plain Bill usic Gems Plain Bill 9:45 Stepmother Woman in White aster Singers Unannounced 10:00 Lan y Ross David Harum Friendly House . Linda's Love 10:15 Brenda Curtis hoad of iife an 4 Road »f Life 10: Big Sister Against Storm Public Schools Against Storm 10: Life 2 Story Guiding Light Varieties Guiding Ligh 1 Kate Smith Singin’ Sam Rhythms Happiness 1 Girl Marries Dr. Malone Blues Chasers O'Neills | 1 Farm Circle Headlines Rhythmakers Farm Hour u: ; Linda's Love Boy and Gurl wu 9 ” 5 Farm Hou Ranch Boys " " News Markets. "Weather Home Folks Ellen Randolph 2:30 Kitty Keene Repo Bill Jones Editor's Daughter 12:45 Neoa 7 Tunes Manhatters Tommy Sutton Lena Tim 1:00 2 Betty & Bob Band Box Betty and Bob 1:13 Deep Riw Grimm’s Daughter Natio Aros. Grimm's Vaughter 1:30 Wheeler Mission Valiant vadv Valiant Lady 1:45 My Son & Betty Crocker Haven of Rest Betty Crocker 2:00 Jovce Ls Mary Marlin Hay r 2:15 RY Sint Ma Seruins & sat's Or. Marylin : 2:2 ir Schoo! ever Youn ony e 38 or DE vis Jum z cert Hour Kenner soins 3:09 roe quarter Time Backstage Wife 3 o’clock Club B: 3: s & Bits Stella Dallas Steps mn Jive Stata hana Te 3 He Presents Lorenzo Jones Memo ries Miss Julia 3: Smilin’ Widder Brown Today’s “Music Beautiful Life : Te ores Girl Alone 8 wi i Golden ore idstream vine: » Midstegam Hollywond Dick Reed Serenade « Jack Armstrong Scattergood Dessa Byrd Silent String Serenade v KEY NETWORK STATIONS (Subject to change): UBS—WABC, 860; WIR, 150; WHAS, 820; KMOX, 1090; WBBM, 170.

MUTUA!~—~WOR, 110: 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.

Certificates of Interest

Bank at Indianapolis for

liability for or on

NOTICE

PAYMENT OF COUPON NO.

Trustees Under Plan of Reorganization of

THE FLETCHER AMERICAN NATIONAL BANK OF INDIANAPOLIS

Notice is hereby given that Otto J. Feucht, John P. Collett and William N. Fleming; Jr., as Liquidating Trustees for The Fletcher American National Bank of Indianapolis under Indenture - of Trust dated August 23rd, 1933, have declared a distribution by way of liquidating dividends upon the outstanding Certificates of Interest, in trusteed assets, issued by the Liquidating Trustees, designated under the Plan of Reorganization of The Fletcher American National Bank of Indianapolis, in an amount sufficient to pay and discharge Coupon No. 11 attached to said Certificates.

In accordance with the provisions of said Indenture of Trust and of the Certificates of Interest heretofore issued thereunder, the undersigned Liquidating Trustees have deposited in American . National Bank at Indianapolis, Indiana, an-amount = sufficient to pay and discharge Coupon No. 11 attached to said Certificates of Interest. Accordingly Coupon No. 11, which should be detached from said Certificates of Beneficial Interest, may be presented forthwith to The American National

- Notice is hereby further given that a deposit in an amount sufficient to pay said Coupon No. 11 attached to said Certificates of Interest having been made with Amenjcan National Bank at Indianapolis, depository, in accordance with the Ptovisions of said Indenture of Trust and of said Certificates of Interest, the undersigned Liquidating Trustees, or thei} successors, have no further unt of payment of said Coupon No. 11, and the holders thereof shall look solely to such deposit and not to the undersigned Liquidating Trustees or to their successors in respect of the amount so deposited January 9, 1940.

OTTO J. FEUCHT, JOHN P. COLLETT, : WILLIAM N. FLEMING; JR. Liquidating Trustees for .the Fletcher American

National Bank of Indianapolis, under Indenture of Trust dated August 23, 1933.

Issued by Liquidating

payment. -