Indianapolis Times, Indianapolis, Marion County, 11 January 1940 — Page 18

NEW YORK, Jan. 11.—The nub of the row which is taking shape in Congress over the Government’s|; huge budget for 1940-41 is to be found in the bill for war preparations. In his own budget estimates the President has conceded that he can cut nearly a billion dollars from the Government's expenditures on all the peacetime services of the nation. If Congress adopts this estimate then the question of new taxes will depend entirely on what it will do about the President’s armament plans. If Congress tells him that it is willing to authorize a sum as large as last year, which was very great, then there will be no need for new taxes, Therefore the first thing Congress is called on to do is to examine the President’s armament plans. = ” # AROUND THESE PLANS it is possible to diffuse no end of fog by playing with the. appealing words “self-defense” and “patriotism.” Of course every man and woman in the United States is in favor of national defense. But what does national de-|. fense mean? It does not follow that because we are all for national defense therefore everything the President proposes for national defense is essential or wise. Congress ought to find Jut, if it can, what the military and naval experts believe we ought to have. This is not easy. The President is commander-in-chief of the Army and Navy. All the experts are his subordinates. They are brought up in a tradition of obedience and subordination to the Commander-in-Chief. They will tell the President what they think. But once he decides, and makes the decision a matter of paramount political importance, it is very diffi‘cult to get them to appear publicly -'and criticize his plans. = 2 z THERE ARE MEN in Washington who believe that these grandiose plans do not have the wholehearted support of the Army and Navy, particularly the Navy. Congress ought to find out about this. What does national defense mean? Defense of what? Of our own country from attack? Or does - it mean the whole Western Hemisphere? Or does it mean the Western Hemisphere plus the Philippines, our ships up the Yangtze River, Singapore, holding the fort in the Pacific to release Britain's boats for European duty, and soon? There is good authority for the opinion that if by national defense we mean national defense and not worid adventure, then these [immense outlays are not necessary. Congress should investigate this.

WHEAT ADVANCES AS EUROPE BUYS

CHICAGO, Jan. 11 Jan. 11 (U. P.)— Heavy wheat purchases by European nations continued to strengthsn _ wheat futures on the Chicago Board of Trade today. At the end of the first hour wheat was up % to 12 cent, with the May future at $1.02%2. Corn was up % to % cent, oats unchanged to up % cent, rye up % to off 1 cent and soybeans 13% to 2 cents higher,

* a) LOCAL ISSUES The iollowile § Notations oy the Indianapolis Bond & Share Corp. not represent actual price offerings. a merely in-| gq, dicate the approximate market level based on buying and selling quotations of recent transactions. k Bid as k

HOGS SELL AT

Cents as Lighter Ones Drop Quarter.

Hog prices at the Union Stock-

most weights above 160 pounds, the Agricultural Marketing Service re-, ported. Weights between 300 and 325 pounds sold 5 cents higher and weights under 160 pounds, row demand, were 25 cents lower. Top price was $5.70 quoted on the 200 to 210-pound division.

top. Fat lamb and yearling prices were strong to 25 cents higher.

Jan. QD ee 6 8

Top Repts. Jan. Top = Repts. .$ 6.1 You 5.53

5.70

Packing Sows ood and Choice— T70- 5% $ g! 65- 4.75 300- 3390 60-

450:

4.40- 4. 80 4.25- 4 ih 43

4.00- 4.50 Slaughter Pigs Medium and Goo 90- 120. 4.50- Py 85

6.10 9500 11 ....

Barrows and Gilts od and

0 200 Slaughter Cattle Steers Bulls 2 i (Fearing, exe excluded)

Choice 750- 900 $ 3 00- -10. 50, i - 7.20 900-1100 15-10.5v 6.75 1.25

Vealers (Receipts, 744)

11.50-12.50

9.00- 9.75 8.50- 9.00

8.00- 9.00 7.75-

7.006.00-

8.00 7.00

83 % | “500+ 900.

= Good Cows 25 me T&T Ft Wayne 7% 4 Te §25-1 & Mich Elec 1% pid | er and 0 Hydro Elec 7% pfd

Ho, na

25 Good we 1100- 1300 19; 35-11. 35/G 6.25- 7.00 750- 900. common. 9.00-10 yoals 1300-1500. 7. 75- 9,00] 1100-1300. (Receipts, 429) Steers, Heifers t TE 500- 800. ' Heifers 380-2050. 9.75 common— IMedium an 7.25- oy 5.50- 6.25 Calves (steers) Medium 7.00; 500 iL. 8.00- 9 ne nd IMedium— ‘cutter). 4.50 500 down 7.50- 8.75

1300-1500. 10.00-11.00 Medium’ Good— |Cutter a 9.25-10.50| 5.25- 6.50 900-1100. .50| ors 1100-1300. 830-10. .25/Good a 8. 50-10.00| nti Medium— Com mmon ¢ 750-1100. 7.26- 8.50] Common— 750-1100. 6.50- 7.50] Steers 'Choice— 9.75-11.00| 5 Good— 03 vse : 500- 700. 8.50- 9.75] 500- 800. IMedium— 8.75- 500-1000. | i: 2.50- 9.75) 500- POO... ws 9.00" good . 6.00~ 6.75/Good and Choice— 500 down .$9.25-11.00 9.25 a Calves (heifers) common 4.50- 5.50 .75- 9. MTR | 500 down $8.75- 9.75 : 4.00SHEEP AND LAMBS (Receipts, 3353) Lambs

Ind In

In .inco N Ind N Pu Pi Progress Laundry Pub Serv Co of Ind 6% Pub Serv Co of Ind 7% bpfd 8 Ind Gas & Elec 4. 8%, pid.

9% Good and choice Medium and good 2 Common : Ewes (on shorn basis) Good and choice Common and Medium ....

STEADY RATES

Heavier Weights Gain is

yards here today opened steady on|Z

in nar-|g

Vealers were steady with a $12.50 |g

4.70 | Co 160

Jerre, Matte Me pid.. 2.50- 3.50

Hogs—Receipts, 12,000; active, steady to 10c higher; closing mostly sa@10c LY on weights over 210 lbs.; top, 5.55; bulk 160240 lbs., [email protected]; 240-270 1bs., $5. 0@ 5.40; most 270-330-ib. butchers, [email protected]; good 360-550-1b. sows, $4@4. 50; lighter h $4.75, 1000;

Cattle—Receipts, 4000; calves, strictly choice steers and ‘yearlings, steady: others steady to weak in slow trade; top, $12 paid for PnEhes, 1167-1b. yearlings;

sold early at [email protected]; numerous loads unsold, many without bids; heifers mostly steady, although weighty medium to good offerings duil; most heifers, $8.25@ 5; choice around $10. 50; cows draggy, steady to weak; most cutters, [email protected]; 8; few weighty sausage hy os fas bulls ith own; selecied vealers to $12; stocksrs and feeders slow, aint killer ne rs ttracied { em uy. ng 0 1150-1b, meat; feeders at $8.25 y Sheep—Receipts, ’ 6000; fat lambs and yearlings active; opening fully 25¢ higher; good to choice wooled lambs to packers, [email protected]; best held, $9.35 and above; two doubles good fed Texas yearlings, 37. 35 sheep, Jleady; scattered native slaughte ewes, [email protected]

Incorporations

Highland Golf Realty Co., Tndianapolis reorganization accspiing ‘provisions 1929 Corporation Act: 2250 shares ro ferred of $100 par value and 1125 shares mon no par value, COElectric League of Indianapolis, 320 N. Meridian St.. Indianapolis; capital stock: to promote interests Rotrical industry; Harry W. Claffey, Walter I > Zanly Rasmussen, A. C.

Inc., | no

| CHICAGO LIVESTOCK [¥

William P. Flynn . . . becomes Indiana National Bank director.

Ww. I Mooney . . . American National director.

Times Photo.

N.Y. ST 0OCKS

By UNITED PRESS

Alaska Jun Air Reduc Allegh es sti. lied Ch

Atl Refining Auburn Auto .

Bald Loco ct.. Barnsdal, Beth Steet 5 wt law-Kno Boeing a Ci Bon Ami A ... 119

Climax Moly Co Cluett Peab . Colgate P P . lum Gas .. Col Bictiges’ vte Col Pictures pf. Com Credit . Comwith Edison Cons Cigar Cos Mas’ pf Cons Som ¢

Curtiss Wr A..

Diam M pf . Dow ¢Chem .

Bast Soe Eo EL ElP & ts ‘pf

Fajardo Su Pajares z

Gen G&. Gen

Gen Ay Seen E A...

8.75 | Ge

C Guant Sug

Inspiratn Cop.. Intercon Rub .. Int sfveqel.

Int T&T For..

Kroger G&B .

Marshall Me ve

Nash-Kelv Nat Biscuit Nat Dairy

Nat Distillers .. N

No Pacific"

Ohio Oil ...... Otis Steel .....

Paramt Pict. “es h

Phillips Pet . Pond Crk Poca Procter & G .. Public Serv Pullman Purity Bak ...

High Low

. 6415 f:. . 24Y,

ee. 253 y 3 1 - 17% 4

Cleve El Tim pt’ 114%

. 173

. Ug 4335 40 . 64

oi fF 130% . 00s

. 11467;

«1847,

—F— «27 oo 3%

y 0% Monsanto pt B 13008

Nat Dairv pf-A 1 16 eee 11%2 ci 117 1,

1s . 25%

DOW-JONES Toc AVERAGES

Net Last Crsngs 30 INDSTRIALS 40.31 -—=0.37 -0.01 -1.32

Yesterday Week ag0 .......o0000000....152.43 Month ago ........c00.......148.93 Year ago .............. o....147.33 High, 1939-40, 155.92; low, 121.44. High, 1938, 138.41; low, 98.95. 20 RAILROADS (Yesterday ................... 31.85 WEEK BEO ...veeresreresesos 32.07 Month ago vba rirenne 31.84 Year ago ......iviviuvnee ees 31.08 High, 1939-40, 35.90; low, 24.14. High, 1938, 33.98; low, 19.00. 15 UTILITIES Meera neeve veee 26.10 Week 380 .....covvesenrsniss 26.35 Month 280 .......oo000eevees 24.95 Year ago ..... asa isunaines 22.63 High, 1939-40, 27.10; low, 20.71, High, 1938, 25.19; low, 15.14.

6% 55 21% EA Ya 2 8 Ys »

+ + x =v + 5 + +

Ys Ys

% 8 Ys s Yesterday 18% 127% 3 B 2 7

14% 86Ya 952 46 LAY, 1 394% 14% 180 38% 112% 64;

5% aii 12Y Union Carb ... c— Un Pacific sos Un_ Aircraft Cp. United Corp G ake United Corp ot. 5% Un Gas Imp A US Us US U S Steel

36Ys 38Ya

67s 73% 31% 73% 391 53

RO RR oN a aN a a

Me 0) a Naa Ra

114+; o

Cu ” psy

High 151%

10Ys 29% aD 41% 411, 1461;

1647, 37Ys

q 36%

Net Low Last Change

Alum Co Am 151 1

1647, 371s 374s

3% 73, 35V4 357

[+ +++ +]

I Sopperwia. sil: 8 ’ per in 3% 3% Creole Pet .... 2 El Bd & Sh El Bddsh 6 Bt. i Ford M Ltd .

Fruehauf Trail. . G El

17%

47% 47% 5%

Corp NY Water Jt. Niag H P :

Pennroad Sherwin W .... Technicolor ....

Un Gas Cp pf.. 96%

147% 147% 31 31 30%

15% 12072

25 20%

87% Qs Ys 11%, —P—

wor &

94%

Va 11%

DAILY PRICE INDEX

Phelps Doig a 3

2|price index of 30 basic commodities

NEW YORK, Jan. 11 (U, P)— Dun & Bradstreet’s daily weighted

compiled. for the United Press (193032 average equals 100):

Yesterday ...........c.0000.:.12244 WEEK B80 .uevvaovssssinerss.122.87

Times Photo.

“R. E. Sweshey | ER Fountain Square ‘State Bank assistant cashier.

STOCKS STABLE IN THIN TRADING

Associated Gas Co. Bonds Break $80 on Curb : Exchange List.

By UNITED PRESS Stocks fluctuated narrowly today at New York with dealings light. _{In the early afternoon the list was 5labout unchanged on balance with the leaders slightly below the best levels of the session. ; Steels, firm in the late morning, receded to around the previous close. Motors held minor advances. The aviations turned irregular and the coppers slipped back to small net losses. Some of the mercantile issues and chemicals were firm. Associated Dry Goods second preferred equaled its high at 82 when the company declared. dividends of $2.75 on account of accumulations

4|but later receded on profit-taking.

Rails were sustained by a better than anticipated rise in car loadings. The latter, however, was smaller than seasonal. General Electric was neglected although it was estimated earnings would show a sharp rise in view of a T7 per cent increase in orders reported for the final quarter of 1939. Some mercantile issues were firm in response to fairly good

trade reports. Building issues ig-

nored a 46 per.cent decline from a year ago in construction awards. The comparison was contorted by the fact that a year ago there was a rush to get PWA projects under contract. Bonds of Associated Gas & Elec-

»| tric Co. broke sharply on the Curb

Exchange following action of the company yesterday in filing a petition in bankruptcy. Losses ranged to $80 a $1000 bond. The stocks also receded with the

. | preferred selling at a new low of 1$3.12%;, off $1.62%. 15 |Stock held unchanged at 25 cents a

The common share.

WAGON WHEAT

Indianapolis grain elevators are payin for No. 1 red wheat, 96c: subject to marke Shanges Sher grades on their merits. Cash No. 2 vellow, shelled. 52¢; No. 2 ie ed 57c: No. 2 white’ oats, 34c.

» ” 2

Bankers Trust Co. to Select Officers Next

The Bankers Trust Co. was scheduled to hold its annual election today. More are to be held next week.

Officers were re-elected at the three].

elections held yesterday. Following the re-election of directors at the annual U: Co. shareholders meeting, officers were. re-elected. Directors are Fred G. Appel, Arthur V. Brown, Volney M. Brown, Berkley W. Duck Sr., G. A. Efroym-

son, Edgar H. Evans, Charles N.|-—

Fultz, William C. Griffith, William G. Irwin, Herman C. Krannert, Myron J. McKee, Wilson Mothershead, Norman A. Perry, Charles S. Rauh, Peter C. Reilly, Obie J. Smith, Samuel B. Sutphin and Russell L. White. Directors then re-elected Arthur V. Brown, president. Other officers re-elected are Volney M. Brown, assistant to the president; Mr. Fultz, vice president and trust officer; Alfred G. Gauding, John Reed, J. Floyd King and Alan A. Ritchie, vice presidents; Cornelius O. Alig, treasurer; Clarence R. Kuss, secretary; Cecil A. Berry, assistant trust officer; Everett E. Lett and John W. Luckett, assistant treasurers; Richard A. Kurtz and Hiram W. McKee, assistant secretaries; Damon O. Bailey, auditor, and Ezra -C. Knopp, assistant auditor. Directors of Fletcher Trust Co.

and Fletcher Joint Stock Land Bank 35;

who were re-elected Tuesday met yesterday and re-elected their officers. Evans Woollen Jr. is Fletcher Trust Co. president and William B. Shiltges heads the Fletcher Joint Stock Land Bank.

FOREIGN EXCHANGE

NEW YORK, Jan. 11 (U. P.).—Following are noon cable rates on major currencies: Cab Net Change — 8 +.00%s

+-.0001 Unquoted +.0000%; +.0005 —.0001

on Trust|.

Charles ©. Britton,|

TONIGHT | 7:00—Ask-1t Basket, WFBM. 8:00—Good News, WIRE, * 8:30—~Town Meeting, WE 9:00—Music Hall, WIRE. 9:00—Workshop, WFBM.

ings makes you think of the Thursdays of yesteryear when Rudy Vallee, Kate Smith, “Good News” and Bing Crosby kept the guest stars parading all evening. Times have changed, but with George Jessel moved over from his Friday spot, Thursday once more may become the night when the stars come out. ' For instance, if your dial is turned to WIRE, you may hear Franchot Tone, Col. Stoopnagle, Mary Small, the singer, and Norman Dine, manager of the Sleep Shop, with Mr, Jessel at 7 p. m. An hour later Hattie McDaniel, who is Scarlett O'Hara’s mammy in “Gone With the Wind,” will be a “Good News” guest. She'll contribute a swing ver-

in the film. Appearing with Miss McDaniel will be Raymond Wilburn, the screen comic. On the Bing Crosby hour (9 o'clock) there will be Hilda Burke, the Metropolitan Opera soprano; Maureen O’Hara, young Irish actress

A glance at tonight's radio .list-

sion of a spiritual which she sings|

ON THE. RADIO

Dame,” and the — character actor, Alan Hale. l % 2 = =» William Saroyan’s play, “My Heart's in the Highlands,” will be heard on the CBS-WFBN "Columbia Workshop program tonight at the new time of 9:15 p. m. This is the Broadway stage play which nearly caused a | civil war among New York's drama critics last season. Now you may see for yourself, ” » ” | The Detroit Symphony Orchestra, which broadcasts each Sunday night for the Ford Motor Co., will play for a rival concern tonight when General Motors celebrates the com pletion of its 25 millionth car. The ceremonies may be héard on NBCWENR at 9:30 p'clock. | Principal speaker will be Charles F. Kettering, General Motors presi dent.=~FErno Rapee is to conduct the orchestra, with Jan Peerce as soloist. After the broadcast the 25 millionth car will be sent to the Smithsonian Institution, where it

will repose n a glass ease, ]

Tonight's Buropean newcasts in English: 6 p. m., Moscow, RV96, 15.24 meg.; 6:30 p. m., Rome, 3RO, 11.81 meg., IRP, 9.83 meg.; 7 p. m., London, GSD, 11.75 meg., GSC, 9.58 meg.; 7:25 p. m., Madrid, Q 9.86 meg.; 7:45 p. m., Berlin, DXB, 361

whe played in “Hunchback of Notre . 8 ” »

(The Indianapolis Times

meg., DJD, 11.77 meg. 2 »

THIS EVENING

is not responsibie tor ina - founcements caused by station changes i oS time. Seuracies In wretram aa

INDIAN APOLIS

ens, Net

Rathleen, Norris Golden Store Hollywaed Scattergood

Billy & JHetty Plavhou Linton "Wells ; Len News

WIRE 1400 {NBC- MBS)

Girl Alone Midstream Dick Reed Dessa Byrd

Snelline Reo Basonology Ensemble Sports

Pleasu e Ti hier asur r me ogen’, y . Dick Reed ?

anaal

alo

FF IESE

genevieve Rowe Pop

Askit-Basket Strange AS Seems

wus! ases Sond’

. ®® an tr

Those

INDIANAPOLIS

Jessel Celebrities We Love

1 SHAG AGO ENR ate (NRC Net

Home Forum 3 Sere

Dianny Sisters Musica) Bits Bud Barton Tom Mix

CING NNATI (NBC-MRS)

Kitty Keene M

Jack Armstrong c rmstr Jack atom New Baker and onion v. of aes Lowell Themas Pleasure | Time ig, Town :

Easv Aces | r. Keene One of the Finest id " Inside Sports George Jessel

Those We (ove

George Jessel Joe, Penner

Major Bewes

”» ”» ” ’

Good News ”» ”»

” ”»

”» ”

353

Concert Ted We

Good News ems Woon. Town Meeting

”» ”

Musie¢ Hall _” [0 ”» ”

Gle: Proptem FTA Bible & Lite Singing Cop

"Amos & Andy ws Edie Duchin

New. Carillon Musto Jan Sav

Paul Ayres Owens’ Or.

Sullivan en ’, or. ” ”»

News

INDIANAPOLIS "WFBM 1230 (CBS Net.) Early Birds

6:50

Dawn Patrol Markets ”

”» nn

Dawn Patrol ” ” ”

” » ” News

Indvls, Today Air, , Kitchen

” __ News "Freddie Miller Good Morning Melody Weavers __ Miss Ju lia

25 | manne | WD anti |e CL a

"Kitty Kelly Myr L and Marge 9

pooe' xanm! gala

58 ping abng Bs

Stepmother Lanny Ross

Bi Life “Stacies

Kate Smith gil Marries arm Circle

David Harum Road of Life Against Storm Guiding Light

Singin' Sam Dr. Malone Headlines Linda’s Love

mf ———— ———| ODDS

Farm Hou Markets. Reporter Words, Musie

Betty and Bob Grimm's’ Valiant (adv Bettv Crocker

Marv Marlin

Farm Program News Kitty Keene Noon Tunes

_ ” ” Syncopators :3 ey Forum 1:45 My Son & 1

Jovece Jordan Society. Girl Air School ” ” c & Sade

tella Dallas Lorenzo Jones Widder Brown

Girl Alone Midst

Dessa Bvrd

Denmark (krone)

—.0001 . Japan EE

Editor's Daughter Devotions Man | Married

Cha Woman (n White Master

Ranch "Weather ame Folks

Daughter Jatin Bros. nd Box

Backstate Wite

Men, Motors

Music Hall ” ” ”» ”»

Jeter Grant Yau) Kennedy James’ Or. Schhickelffitz B.

Unannoun ced Mogn Riyer

10 0’Clock Final

”» ”

”» »

Kassel’s Or. Little's or.

FRIDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC- MBS)

CINCINNAT? WLW 700 (NBC:MBS) Mornin’ Checkerboard Time to Shine News

Gospel Singer Lulu Belle

~ INDIANAPOLIS WIRC 1050 Devotional Frolic Breakfast Jam

New Hits. of Day Footlights

Caravan | Julia Blake Lotion Queen

Man | Married Other Wife Plain a Unannounced

Linda's Love Road of Life Against Storm Guiding Light

Ha iness o'Neills | Farm Hour

Melody Lane Dr. Swing House Singers Friendly House

Safety: First Castletime

Noondav Rhythms Blues Chasers Rhythmakers Boy and Girl

Boys

arm

Livestock Reports Ellen Rand olph Jones E ¥ Tena &

Tommy Sutton

Musicale Bey an m'’s Tauentes Yaliam La

Haven of Rest etty Crocker

Piano Moods Cugat’s Or, Congert Hour

Marv Marlin Ma £ Vou epper ne Vie Sade

Backstage Wife Stella Dallas

iss Ps in A ite Kitty Keene Midstream |

Jack Armgstrone Jamboree Preview

3 o'clock Club Ranc. <n Boys Mem Today re Music

Swingology

Serenade Silent

KEY NETWORK STATIONS (Subject to change): UBS--WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. MUTUAL-—-WOR, 710; WHK, 1290; 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.

Federal Reserve and

U. S. Government

other Banks .......$44,997,863.82

THE INDIANA N

ATIONAL

of Indianapolis

RESOURCES

Cash on Hand and on Deposit with

$110,911,920.04

Securities ......... 65914,056.22 Other Bonds and Securities. ........... Stock in The Federal Reserve Bank...... Loans and Discounts......ccooevenness Bank Building and Equipment..........

15,207,686.99 270,000.00 15,078,054.14 1,245,000.00

CONDENSED - STATEMENT OF CONDITION AT CLOSE OF BUSINESS DECEMBER 30, 1939

LIABILITIES

Capital v.ooveeeesee..$4,000,000.00 Surplus ....000000000. 5,000,000.00 Undivided Profits.>.... 2,455,652.61

BANK

$11,455,652.61,

Reserves

Interest, Taxes and other Expenses Accrued and Unpaid .........c00000

Dividend Payable January 2, 1940......

1,500,000.00

244,367.02 110,000.00

5.00 930.95

Other Real Estate Owned. ............. Customers’ Liability Account Acceptances

Accrued Interest Receivable and ; Other Resources ........vv.rveese. 163,711.43:

————————

$142,877,308.55

andall, Daniel C. Hess. Cdyn ‘Realty Corp, Delaware corporation; withdrawal. . Broadway Carden, Inc., Princeton; disSO rodist Episcopal Hospital of Indiana. Indianapolis; amendment changing name to Methodist Hospital of Indian Indiana Licensed Beer Wholesalers’ Association, Inc., 418 Chamber of Commerce Bldg., Indianapolis; Cha capital stock; promote Zenersl welfare of wholesale dealers; Frank Chasen Hugh Williams, Schn H.

Bistiop hy Lae 9 oN. Tlinols. St. RoO 07-308," anapo agen ewis Bone EX E. Washington S8t., Room 419, Indianapolis; 100 shares no par value; wholesa ing, and retailing fur apments

and wearing a are); Abe Klapper. Mae ne er, ar Sheep—200; receipts, very light: some Charcoal Grill, Inc. 38th St. and Ar-|good to choice Sountly graded ewe and lington Ave. Indianapolis; agent, Robert|Wether lambs, $9.50@10: few good truckedZaiser, 3435 N. Pennsylvania St., In-|in Sjierings, $9@9. 25; common to medium, janapolis; 1000 sh. Class A common of Jos gs. 50; few slaughter ewes, $3 and 0 par value and 1900 shajes Class B|les ommon of $1 par value; operate restaurant; John T. Davis, William Locks, Robrt M. Z

-1oCAL PRODUCE

he: 5 lbs. and over, 13c, fo Leghorn hens, qe Barred | $4.80; k roasters, 4 lbs. nd over, | Lambs,

s I ~ TS, TY under 4 lbs. : Vy| LAFAYETTE, Ji 11 = stags, 6c; Leg] Market, stead 60-300 Ths. $5 as. 50; 260 over, 9c. ¢apons, Ibs. | 250. say 16 80; "350-338 Is. 31.10% over, Jscs 8 Ibs. and over, 16c, 7 lbs (S18. D igs. 38% own: rou ghs, $4 down. hd ve rely. fresh’ tountry-ren ecgs. s 50. Lambs, [email protected],

15¢; - (each ful sate must weigh 55 FOOD PRICES

net deduction of 15c for each fall : AGO, Jan. 11 (U. — A M 1100s 1.30,

129,566,156.34 930.95 201.63

*IMonth ago ...........4......12164 Year ago .............4......105.62 1939-40 High (Dec. 18).......124.19 1939:40 Low (July 24)........101.40

. S, STATEMENT

OTHER LIVESTOCK

CINCINNATI, Jan. 11 (U. P.).—Ho Dalanle. 2000; otal, 2289; sholdovers, eady to 5e¢ higher; $5. 75; 225-250 1bs., $5.60: lighter. 10c lower; some 100- 150 ibs., [email protected]; sows, steady, mainly $4 down Cattie—Salable, 300: total, 375; calves, 250; slaw, generally ‘about "steady; small lots good around 700-1b. Butchers. $8.90: short load near 675 lbs., $8. 75; steers and Jeanin I slow; common to good beef cows, canners and cutters mostly Saas 50: practical “0p sausage bulls, $7.50 opie steady; top, $13; good and choice, st

AR Acceptances Outstanding ses 0escssesan top; Other Liabilities 000000000 0000S DINDS steady to

Reyn Tob Bs ..

Safeway Sateway 5 pf ..106 Sears Roebuck. 84 el Inc .... 16

$142,877,308.55

DIRECTORS

AMS CHAIRMAN OF BOARD ; °F. TiDAME MANUFACTURING COMPANY

RED PEL PRESIDENT E cSdORY & APPEL, INCORPORATED

ARTHUR V., BROWN PRESIDENT LNEY MALO BROWN ye - rd CE Tr RAT COMPANY F INDIANAPOLIS FERMOR S. CANNON PRESIDENT RAILR MEN'S FEDERAL SAVINGS 98D AND LOAN ASSOCIATION

. A. EFROYMSON PRESIDENT GA REAL SILK HOSIERY MILLS, INC. BRODEHURST ELSEY ARY-TREASURER INDIANAPOLIS GLOVE COMPANY EDGAR H. EVANS - AIRMA , ACME-EVANS CO. WILLIAM BN FENN RD. VICE-PRESIDENT JAQUELIN 8. HOLLIDAY

IRMAN_ OF B ARD : WJ HO HOLLIDAY ris

OFFICERS

ARTHUR V. BROWN GWYNN F. PATTERSON EDWARD D. MOORE WILLIAM P. FLYNN HARRY R. FULLER ROBERT B. MALLOCH CLARENCE T. BRADY -PRESIDENT C. MERLE BROCKWAY VICE-PRESIDENT EDW. C. W, WISCHMEIER VICE-PRESIDENT WILSON MOTHERSHEAD VICE-PRESIDENT PAUL C. BUCKLER CASHIER LUDWIG G. BURCK ASSISTANT CASHIER JOHN W. KELLER ASSISTANT CASHIER BYRON D. BOWERS ASSISTANT CASHIER HENRY A. PFARRER ASSISTANT CASHIER JOHN R. FLETCHER ASSISTANT CASHIER R. F. PETERSEN, ASSISTANT CASHIER CARL C. KOEPPER ASSISTANT CASHIER FRANK W. DURGAN ASSISTANT CASHIER LEE M. MAYER ASSISTANT CASHIER J. KURT MAHRDT AUDITOR

his Yea ast Yea ises . 1:35 9i2, 026, 993. 2 4, 198, 125,429. ipts .. 1,085,150 039,270, 2 50

1 734, 581, 161. 47 visite Jansen 42,040, BT 001. 57 39,517, 306, 464.43 17.741,659,473.41 14.571.846.429.97 191,875,204.68 ~ '171.207.839.60

INDIANAPOLIS CLEARING : HOUSE

IF YOU PLAN TO BUILD OR BUY A HOME

Come in and discuss the financing with us. F.H.A. LOANS AVAILABLE

THE UNION TRUST COMPANY

Capital and Surplus $3,000,000.00 Autos, Cameras,

LOANS ===

rants The CHICAGO Store

Brokers in the 146 EAST WASHINGTON ST.

IRWIN PRESIDENT IRWIN-UNION TRUST . COMPANY, COL

US, IND, HERMAN C. HR AN SIDENT- TREASURER - INLAND CONTAINER CORPORATION JOHN J. MADDEN : RESIDENT JOHN J. MADDEN FH ANUFACTURING COMPANY WILSON MOTHERSHEAD VICE-PRESIDENT GWYNN F. PATTERSON = VICE-PRESIDENT NORMAN A. PERRY x CHARLES Ph BSIENT 3

We Studebaker Ww. G.

Sw i t & C PRESIDENT

VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT VICE-PRESIDENT

al. . Saba Be Texss corp eo. 457 3% | Cus gm. w—— Tae Sr S WA oii’ 344 : PT. ANE Ind.. Jan. 11 (U. P.) pilogs Timk-D Ax ... 23 —5c '160-180 1bs., $5.50; 180-200] Transamerica .. 6% oe; $5.85 deze 28: ain oa, 15: JH Cont 2 - S. - 8 280-300 Ibs., $4.95; 300-3 “Be. 1bs. ; S485 ®

Jos., 8 5.08; 16-12 Foughs, $4; stags, 5 Boi 5

| |

Rpt RAILROAD : YARDS COMP

PRESIDENT REPUBLIC OSOTING COMPANY , SMI PRESIDENT OBIE J 0.3. SMITH REALTY COMPANY

5 Se Rer PAPER COMPANY WILLIAM L. TAYLOR ATTORNEY-AT-LAW RU LW ; : PRESIDENT WHITE BAKING COMPANY

PETER C. REILLY

2 53 is. will Se m ander 0, Li Jigagiie: N 3.8 , Be th ake (Price; 5 sored by 8 No.4 Go) Michigan ackintosh, 5 Sweet Potatoes—Tenness see, by sh 30 1.50. far tots— California, crates matoes—Texas, lugs, 50 a4 0@ 2900,

Sea Og0c; Shinac bu., $

i ‘Market (50-1b. sacks)—Iow. Salivws. 67'2¢c; Idaho Spanish, 80@82%c. a

sad 4 7) 2 i 4

Sle ERR R ; g SALVE-NOSE DROPS Last .

ee a i”

on on Everything! Diamonds, Wafohe: Watches,

See Final Edition of the Times for

Closing Stock Quotations and Other Late News

"STRENG TH-—EXPERIENCE—SERVICE" SPECIALIZING FOR 75 YEARS IN. COMMERCIAL BANKING

‘MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION

1865

State.