Indianapolis Times, Indianapolis, Marion County, 10 January 1940 — Page 11

ALE, rr reo a

banking law and cont

. 10, 1940 __

NEW YORK, Jan. 10—It is ve > . Ty Seas t the biggest fly in ‘the 9 ment in the President’s budget I Vast armament program. The 4 Phen fly is the relief appropriations,

oe increased before the

ure of this immense war Preperat) Nn load may be gathered rom the following table of figures Which gives our total national deTense figures since 1933: iF R00a3n.000 921,688,000 14,000

Cliiil 17i4143,000 - 5 2,116,169,000 This is| an increase of $342,000,000 over last year; an increase of roughly a billion over 1938-1939 and of more than a billion and half over 1933. It is difficult to escape the belief that someone, somewhere, has gone a little hog-wild on the subject of military organization in this country, i This is easier to understand when this vast outlay is accompanided by a demand by the Secretary of the Navy—obviously not made without the _President’s approval—that he be given dictatorial and war powers over the nation’s industries. Is there any reason why this year’s war exPepditures should be a dollar more than last year’s?

2 2 =

WHILE THE EMPHASIS in spending is thus put on military operations, the ,emphasis in economy is put on relief and recovery and various peacetime social measures. To make this clear I print here a list of various recovery and relief and social-welfare activities with the amounts which have been cut from their budgets. (The departmental items refer to publicworks projects in those departments and not to the regular departmental appropriation):

Amount of Cu

et 7, Credit Administration. 7, ilian Conservation Corps. 60, National Youth Adm....... 12,

Work Relief

Publie Works Adm... \ Other Work Rel 3,600 (All that has been cut from these services has been handed to the military and naval arms of the Government. Up to now it has been our boast that we have spent our great Government loans on peacetime projects. But we are rapidly getting over that apparent weakness. : : To put this budget over, the President must now. face the peace groups, the social-welfare groups, the relief forces and the agricultural groups, on one side, and the economy groups and the anti-tax groups on the other.

Chicago Stocks

Hig Last i 1s 9% sees 5% 15

ah hb

i8 10% 74% 1%

¥e SER ak aes Q 0 |

Chgo . Corp Chgo Corp cv pi 36 Comwlth Edison 32Y Drug ..... 1 18 .e 29%

gug000000H wf sg ont aks o e >

8] us. Viking Pump Wieboldt Stores TY%2

U. S. STATEMENT

WASHINGTON, ernment expensces and receipts for the current . fiscal year through Jan. 8, compared with a year ago: This Year Last Year Expenses ..$4,991,817,919.92 $4,781,223,101.54 Receipts 2,843,051,480.92 3,030,955,190.75 Gross Def.. 2,148,766,439.00 1,750,267,910.79 Net Def. .. 2.128.008,339.00 1,724,995,310.79 Cash Bal... 2,426,363,224.97 Work. Bal. 1,717,405,531.89 Pub, Debt 42,035,784,034.74 ...117,739,865,427.03 Customs .. 190,976,830.33

INDIANAPOLIS CLEARING HOUSE Clearings $3,808,000 Debits 9,522,600

FOREIGN EXCHANGE Y

NEW OR=: Jan. 10 (U. Toning L on cable rates on major currencies: are no > "Cable Rates Net Ch. $3.95% 0%

39,511.315.465.93 14,568.603,728.16 170,359,143.67

Engiand (pound) —_ Canada (dollar) France (franc) Italy (lira) - Belgium (belga) Germany (mark) .. Switzerland (franc) Holland (guilder) Sweden (krona) Norway (krone) Denmark (krone) Japan (yen)

WAGON WHEAT apolis ain elevators are vayin Indians r ad w oat 96c; Sa to iarke : ther grades on r merits. ane mn No. 3 yellow, shelled, Sic; No. 2 white, sheplt . 56c; No. 2 white oats, 34c.

See Final Edition of the Times 1 for Closing Stock Quotations

put at figures which are|

Jan. 10 (U. P.).—Gov-|C

STEEL SHARES "FRMER AFTER

N. Y. Stocks Steadier in Afternoon Trading; “Volume Light.

By UNITED PRESS Stocks steadied in afternoon trad-

ing at New York today after morning irregularity. Volume continued light. : Steel shares, weak for a time, firmed from the lows and Bethlehem came back to the previous

hour a long list held at yesterday’s closing levels, including International Harvester, Loft, New York Central, Phillips Pefroleum, Sears Roebuck and Union Pacific. Chrysler, General Motors, Safeway Stores, Montgomery Ward, Standard Oil of New Jersey and Youngstown Sheet & Tube were slightly - lower. Douglas Aircraft

minor advances were -noted in American Smelting, Chesapeake & Nhio, North American, Pennsylvania Railroad and Woolworth.

S. Steel Corp. of its shipments of finished steel products for December and for 1939. Preliminary esti-

loadings. Electricity output showed a gain of 14 per cent over a year ago.

about steady. in relation to the United States dollar in foreign exchange dealings. . ° A cautious attitude prevailed on the Londan Stock Exchange following overnight study of Prime Minister Chamberlain’s speech. | There was some profit-taking in gilt-edged shares but other sections generally were steady.

WHEAT WEAKENS AS

CHICAGO, Jan. 10 (U.P.)—Favorable crop weather in the winter

day, after an early spurt stimulated by heavy British purchases of Canadian grain.

future at $1.013%. Corn was off % to ¥% cent, oats unchanged to off % cent, rye off 1 to cent, and soy-! beans unchanged 1 cent| lower. Opening prices in wheat were 3% cent higher to 3 cent lower. that the British Government had purchased more than bushels of Canadian wheat and a strong opening at Winnipeg touched off a short-lived buying spurt at Chicago. ° ;

and forced prices off 1%. cents from their peak levels and to new lows on the current downswing. weather map showed warmer weath-

more precipitation in Southwestern winter wheat areas.’ The Govern-

current winter wheat situation was “decidedly favorable.”

Minneapolis and Kansas City

22 wheat markets eased along with

Chicago, but Winnipeg held gains of % to % cent.

Curb Stocks

Net Last Changs 152% 4+ 2% 33 Ya +1-168 —1-16 %

3ellanca Air ... 3lue Ridge .... 3rewster Aero. .

— +1-16

Cities Serv .... Cities Serv pf.. Colon Dev Ltd .

3.031,540,262.24 393.204.492.382 | Sulf Oil

wr B.. Wright Harg ..

10C HEARS PLEA FOR GUT IN GRAIN RATES

KANSAS CITY, Mo., Jan. 19 (U. P.).—The Interstate Commerce Commission today resumed its hearing on contentions of nine railroads that a 20 per cent reduction in coarse grain rates would be a death blow to “gypsy” truckers and benefit Midwestern livestock producers in addition to the railroads. 3 Ronald Kennedy of Des Moines, Iowa, - secretary of the Western’ Grain and Feed Dealers’ Association, said the swelling business of the “gypsies” was “one of the greatest outrages I have ever heard of.” “It ought to be evidence enough for the Commission to grant the

and Other Late News

railroads the proposed reduction,” he said.

Second Banking School

~~ ToBeatl.

‘Times Special : BLOOMINGTON, Ind., Jan. 10-2 The second annual Indiana Banking Conference will be held at Indiana University here Feb. 12-14. It will be sponsored by the university, Indiana Bankers Association and Indiana Department of Financial Institutions. : There will be five classes during each of the three days and bank officers and junior executives will receive a certificate at the conclusion. Most of those attending will live in university dormitories and will attend the Indiana-Michigan basketball game Feb. 12. ‘Dr. Harry C. Sauvain, finance

y professor in the university's business a

school and conference dean, said courses offered include bank lend-

ing, bank management, investments,

temporary eco-

U. Feb. 12-14

President Herman B Wells will ‘speak on “Evolution in Commercial Banking” at the principal dinner meeting Feb. 13. . : The conference committee includes Arch C. Voris, Bedford, chairman; Oscar H. Cravens, Bloomington, local chairman; George S. Anderson, Elkhart; W. R. Smith, Whiting; B. 'K. Patterson, South Bend; D. N. Elmer, Richmond; W. L. Stump, Crawfordsville; Earl Crawford, Connersville; Paul N. Bogart, Terre Haute; C. B. Enlow, Evansville, and W. S. Greenough, Indianapolis. : Robert R. Batton, chairman of the Indiana Commission for Financial Institutions; A. J. Wedeking, president of the Ingiana Bankers Association, and President Wells will act as the conference advisory council. | Le Z %

ai Gi

WEAK OPENING |

close. Around the end of the third

hed a gain of more than $1.and|’

The street liked the report by U.| mates showed a sharp rise for carj,ms

Major European currencies held|am

WEATHER IMPROVES ;

wheat belt weakened wheat prices g on the Chicago Board of Trade t0-|Celan

At the end of the first hour wheat Sa was off % to % cent, with the May Co

News | Sons

15,000,000! SO

Heavy selling reversed the trend | C

The | 32

st er over most of the grain belt with B34

ment weekly report noted that the|g

a Homestake Ya | Hupp Motor ... 1 4

i Interlake Ir ...

A | Kennecott

PAGE 11]

"FEW OFFICERS IN ELECTIONS

Flynn Chosen Director at Indiana National Here; “Mooney Named.

Only a few changes were made in the executive staffs of Indianapolis banks in a wave of stockholders annual meetings yesterday. Directors of Fle‘cher Trust Co. and Fletcher Joint Stock Land Bank and Union Trust Co. were to meet today and others are scheduled later : oe P| this month. i i : : i | All officers of the Indiana Na- : 3 tional, Bank of Indianapolis were re-elected. They are Arthur V. Brown, president; Gwynn F. Patterson, Edward D. Moore, William P. Flynn, Harry R. Fuller, Robert B. Malloch, Clarence T. Brady, C. Merle Brockway, Edward C. W. Wischmeier and Wilson Mothershead, vice presidents; Paul C. Buckler, cashier; Ludwig G. Burck, John : , W. Keller, Byron D. Bowers, Henry ry ! A. Pfarrer, John R. Fletcher, RusN. y S 7 O( S sell F. Peterson, Carl C. Koepper, 0 ° « Frank W. Durgan and Lee M. By UNITED PRESS __ Mayer, Sssistant casper, and J. : d Kurt Mahrdt, auditor. DOW-JONES STOCK AVERAGES| Mr. Flynn was elected a director. Vie 30 Directors re-elected were Roy E. Adams, Fred G. Appel, C. Harvey Bradley, Arthur V. Brown, Volney M. Brown, Fermor S. Cannon, G. A. Efroymson, Brodehurst Elsey, Edgar H. Evans, Jacquelin S. Holliday, William G. Irwin, Herman C. Kran—0.37|nert, John J. Madden, Mr. Mothers+0.38| head, Mr. Patterson, Norman A. ' +0.69| Perry, Charles S. Rauh, Peter C. —L0%| Reilly, Obie J. Smith, Samuel B. Sutphin, William L. Taylor and ‘Russell L. White. —o41| Stockhalders of the Merchants +0.55| National Bank yesterday re-elected +o016/as directors Niles Chapman, Fred —0.43|C. ‘Krauss, F. T. Holliday, A. Kiefer Mayer, William B. Stokely Jr., Robert B. Failey, Edward J. Bennett, John P. Frenzel Jr. Harry J. Herff, and Otto N. Frenzel.

Re-Elect J. P. Frenzel Jr.

Y%1- J. P. Frenzel Jr. was re-elected president “of Merchants National. Others re-elected included Otté N.

3% 4 , : Times Photo. Approximately 100 Studebaker dealers and salesmen operating through the Carroll Cartwright, Inc., distributorship here held a conference yesterday at the Chateau Room of the Claypool Hotel. Among those attending were (left to right) John C. Dolan, secretary-treas-urer of Carroll Cartwright, Inc.; S. B. Cochrane, regional manager of the Studebaker Corp.; and Carroll L. Cartwright, president of the Indianapolis and central Indiana Studebaker distributorship bearing his name. ; »

AL High Low 6% 1% Stores

cup O% FPwr $6 of 22 2 FPwr $7 pf 27 aw SS ..! 33%

Net Last Change ‘Alaska Jun .... Ce— Allegh Corp ... eve Allied

5 EA : High, 1938, 1:58.41; low, 98.95. . te 20 RAILROADS

ih T

L413

r. 11% LL 172% Anaconda 2! Anchor Hock Gl 21 Armour seal Armourlll pr pf Atchison ’

Atchison pf Atlas Pdr

Year Agn High, 1939-40, 35.90; low, 24.14. High, 1938, 33.98; low, 19.00. ; 15 UTILITIES Yesterday *ccc...... Yor isiues Week AO «vvcsieercencnrane Month Ago .. 24.86 Year AO .....c..0.. ies sind 22.78 High, 1939-40, 27.10; low, 20.71. High, 1938, 25.19; low, 15.14.

+h 4): [9 : vis

ald Loco ct... 26.45 32lt & Ohio... Barnsdall ‘

Net High Low Last Change Melville Sh ... 313 31% + %

a .23%2

| 24 2% 21% 4Ys Coe 24% | 247% 1% 1%

Mission ‘Corp... Mo-K Tex pf.. ae, 5 ohaw! ve I

onsanto .

e.. Burlington M ..

Butte Cop&Z .. 4%

Cal Packing ... Callahan 2Zinc..

C+

idents; William C. Grauel, president and cashier; G. F. Licht|sinn and M. A. De Wees, assistant cashiers; Thomas A. Ressler, bond ?| department manager and assistant

% 17%

Nat Biscuit ... Nat Dairy ..... 16% Dairy pf A 115% Dairy pf B 113%

Chrysler Distillers. .

Climax Moly Co Peab ... 2 ler. ; . William J. Mooney Jr., president of the Mooney-Mueller-Ward Co., was added to the board of directors and Walter J. Hubbard Jr. was elected assistant cashier at a stock-

y.Tr ... Solvents .. th Edison h & So

LHL +1; +

No Amer ..... 23%

Ohio Oil ..... 7% Tis Otis Elev .... 17% 17% . Pe oo 11% 1134 - ... 33% 333 ... 49% 40% 1323s 132% Vs 7% Ya 1% 6%

Pac Fi ing of the American National Bank. Pac G & E Other directors re-elected’ were Pacific Lt Pac T & y Pan-Am Pet ... Paramt Pict ... Patino Mines .. Penney Penn RR 2 Phelps Dodg ... 377 + ‘|Press Stl Car.. Procter & G.... 6 Public Serv .... Pullman

ley, Quintin S. Noblitt, James S. Rogan, Charles B. Sommers, Elmer W. Stout, T=omas D. Taggart and William H. Trimble. Officers re-elected were Mr. Rogan, president; Harold S. Cross, vice president; E. Marion Lutz, assistant vice president; Henry L. Hilkene, cashier; Frank F. Wocher, Robert F. Keller and Frank E. Cramer, assistant cashiers; Eugene Inglehart, trust officer, and Charles R. Keogh, controller.

‘Add Robert E. Sweeney Jr.

Directors of the Live Stock Exchange Bank re-elected yesterday, s|were John B. Terhune, Clarence Roberson, John Powell, Harry Daniel, Clarence V. Hawkins and H. A. O. Spears. Mr. Terhune was named president again and other officers re-elected were Mr. Roberson, vice president; Garrett E. Browning, cashier; J. C. Miles, assistant cashier, and W. A. Reincke, auditor. Officers of the Northwestern State Bank re-elected yesterday were James L. Gavin, president; William E. Gavin, vice president; J. Louis

FEF ltd: H+]

Cont Mot .... 3% Cont Oil Del.. Coty ..........1~4 Crown Zeller ..

Pil

712 TY 2 2 ceee 19% | 19% TOY, T8Y2 18212 182% Pde East Air Lines., 297 29% East Kodak ..164l) 164%; ig .... 31%. 3113 Elec Auto-L 36% | 36% Elec Pwr & 7% % El Pw & L $7 nf 3473 | 347% E Paso Nat Gas 38% | 38% 4%

Erie 1 p Eureka Vac 4%

Reyn Tob B....

8 Safeway 46%, Safeway pf..112% Safeway 7 pf..114% Schenlev Dist ..

Shattuck

Fed Lt & T.... Silver-Kin,

Fed Mot Fed Wat Flintkote Follanshee

Electric ., 40 Foods .... 47% Foods pf..118 Motors ... 54% Out Adv. . 43 Rty & U. 2 Thtire Eq. 13 T&R

deb of “su swift & Co .... Swift Intl

31% PU, J Texas Coro ... 45% 45% Tex G Sul .... 342 34% Timk-D Ax .... 23 2 Timken R B ... 49% 49% 20th Cent-Fox.. 12% 123, aU 14Y, 4Y, 851% 5Y4 453% %

QAO QNN0D h tb

7 xuant Sug 2Y,

ner, assistant cashier. Directors reelected were J. L. Gavin, W. E. Ga*|vin, John J. Cooper, Russell PeterAlsen and Mr. Bray. 5 Robert E. Sweeney Jr. was. adde to the list of officers of the Fountain Square State Bank as assistant .*|cashier at a stockholders and di4|rectors meeting yesterday. Other officers re-elected were H. Langsenkamp, president; H. J. Budenz, vice president, and Val F. Schneider, cashier. Directors re-elected were Mr. Langsenkamp, Robert E. Sweeney, J. Henry Amt, Otto N. Frenzel, Harold F. Koch, Frank J. Schuster, A. J. Vondersaar, Mr. Budenz and Mr. + | Schneider.

& paMpayds SIYI0 ; Directors of the Madison Avenue State Bank were re-elected. They are Richard Hafer, George Hilge-

Union B&P Union Carb .... Un Aircraft Cp. n Biscuit .... n Carbon .. United gon iss United Fruit . + Gas Imp ... 1

. 59% 59% Hour-Her B 13 3

wf 113, Int M Marine . 10% Int Nickel 38% Int P&P ..-. 1. 13% Int RC Am pf. 533 Int T&T 4% 373% 373 SS .... 24%; 243, G&B .. 29 29

Kresge

b Kroger Suores

| On % 1% Univ T 8 =V y Victor Chem.. 8034 30% |

Walgreen Walker (H) Warren F & P. esting El ....13 White Sew M.. Villys Overland 13 oclworth raw 40

a | Yale & T Yellow Pr: iad Young S & W..

Lorillard 17 Lockheed Aircrft 29%

b AAA AAA

Macy H ..¢4 23%

; 203, Martin Parry. . 9 23 = 323 | 18% 18% 11% 11%

VACATION TRAFFIC | BREAKING RECORDS

NEW YORK, Jan. 10 (U. P).—

Domestic passenger travel to Shuthern vacationland is running at a record pace, (George P. James, general passenger agent of the Atlantic Coast Line Railroad, said today. Mr. James annouhced that his ailroa) now had more equipment in ally service than at any tithe in eston B. Bailey, Omer the’ past 10 years. The road now Latw, Pre McAlpin and Mr. List. operates 16 daily schedules to Flori-|¢ cers and directors were rei Sgven a the East and nine|ejected at the Marion County State om the West, Mt. James said. In Bank. Chester L. Robinson is presiuzé on these runs are 89 Pullman dent; Roy C. Shaneberger and Clyde cars and 33 coaches accommodating |g Robinson, vice presidents; E. W. more than 4000 passengers. Hughes, cashier, and W. A. Barney, assistant cashier. Directors are Clarence W. Means, Chestek L. Robinson, Clyde E. Robinson, Mr. Shaneberger and” Mr. Hughes. Other meetings scheduled by banks are: Bankers Trust Co. and the! Security Trust Co., Thursday; Indiana Trust Co., Jan. 17; Peoples State Bank, Jan. 18, and the Citizens State Bank, Jan. 19, -

LOCAL PRODUCE

ns, 5 lbs. and over, 13c; r od Oe Leghorn hens, 7c; Barred Rock roasters, 4 lbs. and over , 9c; colored roasters, 4

31 31 3 51% 51%

DAILY PRICE INDEX

NEW YORK, Jan. 10 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday .........cc00000... 12267 Wok ago, .....hc..coiniee 123.3 Month\ago ........c...0c00... 121.99 Year ago .. 10539 1939-40 high (Dec. 18) ....... 124.19 1939-40 low (July 24) -101.40

Hiedenrich, Chris Brehob, Fred Quebe, Walter Myers and J. PF. Davis. later. Leonard McAlpin was re-elected Southport State Bank president. Herbert V. List was re-elected vice president, S. E. Wright, cashier, and Miss Margaret L. Hendricks, bookkeeper. Directors re-elected include

MEMBERSHIP SOLD NEW YORK, Jan. 10 (U. P.).— A membership on the Commodity Exchange, Inc.. was sold today for $800, off $256 from the last previous sale. . ia

Sixth Su

‘over, 9c; capons, : 8 Ibs. and over, 16c; bs. and over, 14c. ” 5. 1 strictly fresh country run ogg . each full case must weigh 55 lbs. gr iH ot deduction of 15 cents for each full

bs. will be mad under 55 1 sigsatic:

Pes pu $1981.40, Cage crates, $2.40@285. ornia CRAteS 3 S5 SOLES. . S @

_ Times Phot. Pa oo oa T 90¢

The sixth Indianapolis supermarket of The Great Atlantic & Pa- | [omatoes—Texas lugs, cific Tea Co. opened formally today at 1515 N. Alabama St. J. A. Lindgren Jr., vice t of the company’s Indianapolis unit, ed,

Frenzel and Carl H. Bals, vice pres-|. vice |,

cashier, and R. C. Smith, comptrol- { 13

holders and board of directors meet-|c

ia J. I. Holcomb, Frank A. Montrose, |* Z| William H. Mooney, G. Barret Mox- |G

2 Bray, cashier, and George H. Wag-|($

meier Jr, G. H. Mueller, Arthur| 3

Officers will be elected i

] Champion.

Miss Ruth Ann Jessup holds Browndale Sensation 2d, Short-

TONIGHT 8:00—Fred Allen, WIRE. i 8:00—Star Theater, WFBM. 9:00—Kay Kyser, WIRE. 9:30--Indianapolis Symphony, WFBM

The first of a series of quarterhour dramatic sketches showing the fight against infantile paralysis will be broadcast at 6:45 o’clock tonight, NBC-Blue. The series will be called “The Stranger Within Our Gates.” Competent dramatic actors and actresses will take the roles of persons and members of their families who have been affected by the disease.’

horn herd sire at Conner Prairie Farms, Noblesville, who is being crowned as the “bull of the year” at Purdue University-today. El

Lilly of Indianapolis is owner of |

Browndale Sensation 2d.

LIGHTER SWINE PRICES DECLINE

Heavier Hogs Sell Steady; Vealers Drop 50 Cents In Trade Here.

3 : Hogs weighing more than 210 pounds sold steady at the Union Stockyards here today, the Agricultural ‘Marketing Service reported. Lighter weights were unevenly 35 to 25 cents lower with the full decline being made on weights from 180 unds down. - The top price was $5.70 on the 200 to 210-pound division. - | Vealers sold 50 cents lower with a top at $12.50. Packing sows were unchang Small sheep and lamb receipts sold steady.

Jan. Top Repts.iJan. Top 4 ...8 6.2% 9332 8 ....$ 6.10 5 ... 610 10,500| 9 .... "5.85 8 ... 8.10 1500] 10 .... 6.10 Jacking Sows Good and Choice— 270- 300 $ 4.65- 4.35 330. 4.65- 4.30 4.60- 4.75 4.40- 4.85 4

4.254.15-

Barrows and Gilts Good and |

SPD SROS

.5 4.35

Medium | 250- 500. 4.00- 4. Slaughter Pigs 5/Medium and Good-— | 90- 120. '4.50- 4.35

oSSwmowm

CO bt CO UY =F =F

op ova enon

a 2

“160 . 5.25Slaughter Cattle

& Vealers (Receipts, 1560)

Choi ly TR luded) oice ear gs -exciude 750- 900 $10.75-11.50/Good ....$ 6.75- 7.25 900-1100. 10.75-11.50/Sausage— ; . 10.25-11.35/Good .... 6.75- 148 . 10.00-11.00{Medium 6.25- T.i Cutter and : 0. 9.25-10.50/ common. 5.25- 6.30 9.00-10.50| Vealers 8.50-10.25/Good and 8.50-10.00/ choice.. 12.00-13.20 |Common 7 00 8.00- 9.25 1100-1300. 7.50- 8.50|Cull 150-1100. 6.50- 7.5 750-1100... 6:30 7.50 (Receipts, 486) eers ) tired Heiter C0500 9.00-10.00 S00. 150. | 9.75-11.00! 300.1050.. 8.75- 9.00 500- 700. 8.75Heifers

Choice— 8.75- 9. 0 Medium and 5.50- 8.25

Good— Eg 9.75 °500- 800.. 8.50- 9.25 8.00- 815

7.00- 8.25

6.00- 7.00

750- 900. 9.00- 9.7 ws good ...$

ood— 750- 900. Medium — 500- 900. 7.50- 9.00 ommon— ; Calves (steers) 500- 900. 6.00- 6.75.Good and Choice— 500 down .$9.25-11.00 Cows Medium — Gaod ...$ 6.50- 7.00( 500 down 8.00- 9.25 Medium .. 5.50- 6.50] = Calves (heifers) Cutter and | |Good— 5.75! A down $8.75- 9."5 iu

Medium— cutter). 4.00- 4.75/ 500 down 7.50- 8.75 SHEEP AND LAMBS (Receipts, 479) Lambs ”

Good a ee $%0d and choice Common

Ewes (on shorn basis)

Good and choice Common and’ medium

CHICAGO LIVESTOCK

Hogs—Receipts, 25,000; market, fairly active; mostly 10@15 cents lower eon weights 20 lbs. up; Jighter weights, 15@25 cents lower; top, $5.50; bulk 160-240 Ibs., [email protected]; 240-270- | [email protected]; 27 2 choice 130-160-1b. un @ 5.25; most good medium-weight and heavy packing sows, [email protected]. Cattle—Receipts, 9500; calves, 1000; very active market on finished cattle, all representative weights; strong to 25 cents higher; top, $1 for light and long yearlings; 41-1b. steers, 11.75; numerous ices yearlings and light [email protected]; oulk crop, [email protected]%; very little done on medium to ayerags ood grades with weight; these weak with uesday’s »25-cent downturn; medium to good grade steers scaling over 1200 bs. very dull; all interests after choice offerings, however; hence, price spread widen-

ing; heifers steady, practical top, $10.5¢,|B small package selected B

few above $9.50; Kosher weights, $11.35; common kinds scarce, around [email protected]; beef cows weak, cutters and bulls steady: weighty -sausage offerings up -to $7.60; vealers steady at 28 sents higher; few weighty selects up

Sheep—Receipts, 5000; late Tuesday fat lambs and yearlings steady to 15 cents lower, spots 25 cents off; wooled lambs, [email protected]; 100-107 ibs., [email protected]; yearlings, [email protected]; slaughter ewes, [email protected]; today’s trade. fat lambs and yearlings around steady, spots easier than the opening; good .to choice wooled lambs, $8.75@ ; top, $9.15; near choice yearlings $8; sheep steady: slaughter ewes, [email protected].

OTHER LIVESTOCK

CINCINNATI, Jan. 10 (U. P.).—Hogs— Salable, 2500; total, 3300; holdovers, 300; mid-session fairly active. uneven. 5@25c sows mostly steady. top, $5.75; 10-140 lbs., [email protected]; packing sows mostly $4 down

Cattle—Salable, 300; total, 625: calves, 250; slow, light yearlings and steers about steady; bulls weak to 25¢ lower; small lot : light yearlings and common and medium

lower; packin|

od 9.50; tly | [email protected] %.30ee: mostly @6.50. Sheep—150; salable supply, light, Steady 0 weak; ots 25¢ lower; edd lots good around 80-lb. fed and native offerings up to $9.50; most medium to good, $3@9.

YETTE, Ind, Jan. (U. P).— Market steady to 25¢ lower; 160-200 lbs [email protected]; 200-250 lbs.,

50: $5.25(5.60; 250-323 bs., [email protected]; pigs, $5 down; ‘roughs.

' $ : 350, down. Calves, [email protected]. Lambs, $8.25

Edwin E. Thompson, Charles H. Mc- | {00 3

25-350 1bs., $4.75; 1bs., $4.65: 60 lbs. $5.25: 120-140'1bs., $5; 100-120 Ibs.,

Lambs, $

U. S. STEEL ENJOYS = BIGGEST DECEMBER

NEW YORK, Jan. 10 (U. P.).—

Shipments of steel products by sub-

sidiaries of the U. S. Steel Corp. in|

December were the largest for that month in history of the company, the corporation disclosed in its monthly report today.

The heavy shipments in’ the final | month lifted volume for the year|\

1939—0n an unadjusted basis—to 10,652,150 tons, an increase of exactly 60 per cent over the 1938 total of 6,655,749 tons. In 1937 shipments ' aggregated 12,748,354 tons. The 1939 figure may be revised . slightly either upward or downward ‘later when the usual year-end adjustments are made.

Ropis. 93%) 14,39

Im fat beef cows a

4.75: roughs, $4; stags, $3. Calves, $12.|N 875. N

| ins 8 2 | a 88% |Pits P Sh

The series will continue until Jan. 30, when the National Foundation’s, “March of . Dimes” drive ‘will end. : Medicine in the News, an NBCBlue medical program at 3:30 p. m. daily, will bring Dr. Morris Fishbein and Dr. W. 'W. Bauer of the American Medical Association tomorrow to aid in the drive. ” » ” - The Indianapolis Symphony Orchestra, Fabien Sevitzky conducting, will do Robert Sanders’ Little Symphony at 9:30 p. m. tonight, CBS-WFBM. Mr. Sevitzky presented the work to local audiences at last week-end’s concerts. . . . Mrs.

"ON THE RADIO _

Miss Jane M. Hoey, Social Secure ity Board Buréau of Public Ase sistance director, at 9:15, CBS WFBM. - The subject of the in terview is “The Significance of the New Social Security Program to American Families.” . . . Henry Cooper, western heavyweight,” will take Steve Dudas’ place. against light heavyweight champ. Billy . Conn in a '12-round go at 9, NBC« WENR. Sam Traub and Bill Stern will handle the mike. ; ” n= Sir Cedric Hardwicke, who took the role on Broadway, will play the lead in “The Amazing Dr. Clitter house” on Star Theater at 8, CBS« WFEM. . . . Charles Boyer will pre sent a radio adaption of “The Man in Evening Clothes” on Hollywood Playhouse at 7, NBC-WIRE. . . , Gracie Allen will introduce. a new boy friend on the program at 6:30 CBS-WFBM. It’s intended as a surprise to Georgie. . ... Fred Allen will lampoon the news magazines with the Mighty Allen Art Players helping at 8, NBC-WIRE. ! #8 8 European short-wave -news broade casts: Moscow, 5:30 p. m., RNE—12 megacycles; London, 7:30, GSD— 11.75 meg. and GSC—9.58 meg.; Rome, 7:30, 2RO—11.81 meg. and IRF-—9.38 meg.; Berlin, 9, DXB— 9.61 meg. and DJD—11.71 meg., and

Franklin D. Roosevelt will question #2 8 a :

INDIANAPOLIS WFBM 1230 (CBS Net.)

Kathleen Norris Golden Store ‘Hollywood Scattergood Billy. & Betty Hedd Ho European News News

Girl Alone Midstream Dick Reed Dessa Byrd

Lady Luck Basonology Bible Questions Hoosler Sports

- Pleasure Time Lum and Absrer Myvsterv Burns & Allen Barron's Or, ” Dick Reed

Al Pearce Playhouse Dr. Christian Red Skelton ”» ”» ”

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London, GSC—9.58 meg. t 4 F J ”

THIS EVENING

(The Indianapolis Times is not responsible f ; ments caused by station changes ey oat S03 Inaccuracies i WORT _SHAVUNON

INDIANAPOLIS WIRE 14 (NBC-MBS)

CHICAGO WLS-WENR 780 (NBC Net.)

CINCINNATI ny 700 (NBC-MBS) 1 Kitty Keene Serenade Midstream

Anthony Jack Armstrong Dinning Sisters Serenade Paralysis Foundtn.Fred Kirby Stories Baker and Denton Bud Barton Robert Duane Tom Mix Lowell: Thomas Easy Aces Pleasure Time News

Lost. Persons News Arnold’s Or. Grace Wilson Inside Sports

Johnny Presents Hollywood Quick Silver Red, Skelton

Forum

Star Theater Fred Allen ”» ”» ” ” ” ”» ~~ ” ”»

Glenn Miller Kay Kyser

Fab Affairs > » WP s, Symphony ”» ”»

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‘ THURSDAY INDIANAPOLIS WEBM 1230 (CBS Net.)

Early Birds Dawn Patrol

Markets ”» ”

oh Dawn Patrol ”» ”» % ”» News News

Freddie Miller City _Todav Air, , Kitchen

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5853 aun sung BEE 88

Miss Julia Kitty Kelly =~ Man e

Myrt and Marge Hilltop Plain 8ill Stepmother

Mary Taylor Brenda Curtis Big Sister Life Stories

Kate Smith Girl Marries Farm Circle

Guiding Light

Singin’ Sam Dr. Malone Headlines Linda’s Love

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Mary Marlin Ma Perkins Pepper Young Vie & Sade

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Kathleen Norris Golden Store Hollywood Scattergood

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Girl Alone Midstream Dick Reed Dessa Byrd

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MUTUAL—WOR, 710; WHK, 1390;

INDIANAPOLIS WIRE 1400 (NBC-MBS)

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David Road /of Life Against Storm

m Hour Ranc Markets. Weather Home

Grimm’s Daughter Church Hymns

‘Three-quarter TimeBackstage Wife d Bits Stella

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Kay Kvger ”» ”» Ll ”

Concert Ted Weems Horse, Buggy Days

Cooper vs. Conn

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PROGRAMS

INDIANAPOLIS WIBO 1050 Devotional Frolic

CINCINNATI WLW _ 700 (NBC-MBS) Mornin’ ”» ”» Breakfast Jam

Time to Shine

s Gospel Singer Kirby & ite News Caravan Hits of Day » 1 ootlights River Boat Boys hter Devotional News Melody Lane Man 1 Married Dr. Swing Other Wife Plain Bill Unannounced Friendly House ‘Linda’s Love ” » Road of Life Public Library Against Storm Varieties Guiding Light

Noonday Rhythms Happiness Blues Chasers O’Neills Rhythmakers Farm Boy and Girl "

h_ Boys FL Lee ” Folks Ellen Randolph Jones Editor’s Daughter Tommy Sutton Little White Houss

Musicale Betty and Bob » id Grimm’s Daughteg Community Hall Valiant Haven of Rest Church

Piano Moods Mary Marlin Nat Shilkret Ma Perkins Concert Hour Pepper Young ud Vic & Sade

Backstage Wife Stella Dallas Miss Julia Beautiful Life

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Silent

Music Gems

Lady ymns

3 0’Clock Club Honolulu Memories Today’s Musie

Swing

KEY NETWORK STATIONS (Subject to change): CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

WHKC, 640; CKLW, 1030; WSM, 850.

NBCU-BLUE—WIJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK., 1350. NBC-RED—WEAF, 660; WTAM, 1070; WWJ; 920; WMAQ, 670.

New York

(Reprinted From Yesterday’s Late Eatin) Ne High Close Change 181.» 150 33% 16

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LOCAL ISSUES

The following quotations py the Indiane apolis Bond & Share Corp. do not repree sent actual price offerings, but merely ine dicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Bid Ask Agents Finance Co com....... 7% 9 Belt RR & Stk Yds com....... 51% 55%

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82% ‘aie 114 105 32 os 100 N Pub Serv of Ind 6% pid. 103% N Pub Serv of Ind 6% pid Ha

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American Loan § Citizens Ind

ndpls Water Co nterstate T&T 5% % Kokomo Water Works 5% 53.. Kuhner Packing Co 42% 49..100 Morris 5&10c Stores 5% .. ..1 Muncie Water Works 5% Nat Silk Hosiery 5

k 2 Terre Haute Wat Wks 6% 49. .10: Trac Term Corp 5% 57