Indianapolis Times, Indianapolis, Marion County, 15 January 1940 — Page 11

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Lumbermen Plan Low-Cost Houses

“MONDAY, JAN. 15, 1040

DIO

Spea ks Here

ON THE RA

i 2%.

t 7’

——

NEW YORK, Jan. 15.—Saturday I attempted to recall the beginning of the chapter in our national life which deals with that vast sea of red ink in which the Federal Government now flounders. When Presiderit Rooseyelt came into office in March, 1933, his predecessor, Herbert Hoover, had already submitted the budget for the year 1933-34. One week after the inauguration, President Roosevelt sent & ringing message to Congress. “For three years,” he said, “the Federal Government has been on the road to bankruptcy. For the fiscal year 1931 the deficit was $462,000,000. For the fiscal year 1932 the deficit was $2,472,000,000. For. the fiscal year 1933 it will exceed $1,200,000,000. For the fiscal year 1934, based on appropriation bills passed by the last Congress and the estimated revenues, the deficit will probably exceed $1,000,000,000 unless action is taken.” . He blamed the collapse of the banks, unemployment, all our ills on this huge deficit which, he said, at the end of the coming year “will

have piled up an accumulated debt *The

of $5,000,000,000.” He warned: Government’s house is not in order.”

And he asked dictatorial powers to

make salary cuts and to reduce

veterans’ payments. ® ” t J AS FOR RECOVERY, he planned to put 200,000 men to work in the forests and pay them with unexpended Treasury balances. The farm problem he planned to solve by seeking an international agreement to reduce wheat acreage. : Thereafter he cut salaries 25 per

“cent. And on April 13 Administration

leaders were boasting that with all

the cuts planned the President

“would show a reduction in the Government’s expenditures of a billion dollars. But what actually happened? In

Hoover's last year the Government expenditures were $5,142,000,000. At

the end of this year of “economy” the Government expenditures were $7,105,000,000. Instead of cutting ex-

penditures by a billion they were in- 3

creased by two billion. Of course a good argument can be

made for the increase. But what ex- a

planation can we find for the Presidehit’s violent attacks on Hoover for not cutting a five-billion-dollar budget, for his dramatic motions of cutting the budget by a billion and then spending two billion more than the man he attacked? Instead of a deficit of a billion, which he pictured as so horrific. he produced a deficit of $3,600,000,000.

” ” ”

THE ANSWER, of course, is that there was an emergency and the increase was in the emergency expenditures. But there was an emergency when Hoover handed over the reins and there was an emergency in April when Roosevelt boasted he would cut the budget by a billion: What is more, the rise in costs was not all in the emergency items. If you look at the Treasury reports you may think that Roosevelt's ordinary Government expenditures were less in that first year than in Hoover's last. But this is a trick of bookkeeping. Immense public-works operations included in the ordinary expenditures, river-and-harbor work, national-defense items were shifted to emergency items. An excellent example of what has

happened in many departments is g

found in the President’s own. The cost of running the President's office and home — the White House—in

Hoover's last year was $369,000. Last

year it was $2,370,000. This year another 25 per cent is proposed. And that “staggering” five billion has grown to 26 billion.

COL. AYRES EXPECTS GOOD FIRST QUARTER

CLEVELAND, Jan. 15 (U. P.).—

™ Col. Leonard P. Ayres, vice presi-

'»

dent of the Cleveland Trust Co. today looked confidently forward to a “pretty good first quarter” of business for 1940 because business .entered the new year with industrial production about 30 per cent higher

This is a model of the smaller of two houses that will be built by

Form India

accumulation of

the newly formed Indiana Homes

—A—

High Air Reduce ..... 52 Alaska Jun . 6% Allegh lug Sti. 19%

Net Last Change 52

I+:

a ae ~~ ® ® »

- *~

DiI

T&T . Tob B ....: Am Water W .. Woolen Am Woolen pt. Anaconda Atchison

® 0

Auburn Auto . Aviation Corp .

Bald Loco ct .. 15% Barker Bros .:.. 8'a Bayuk Cig ..... 26% Best & Co . 37 Beth Steel .. . 14% Reth Steel 5 pf. 18 Blaw-Knox .... 10% Boeing Air Borden “Wa Bdgept Brass a | Briggs Mfg .... Bristol-My .... Bklyn-M _T Bucyrus-Erie 3udd Mig Burlington M bes 3urroughs ..... 3ush Term ....

Can Pacific . Caterpiliar WF oe D2 Celan 27 Cent m Lt Certain teed Sper 5

Chrysler 8353 Cleve El Im pf.114 Cluett Peab .... 36% Colgate-P-P «XT Colum Gas .... 6% Com Solvents .. 13% Comwlth Edison 31% Comwlth & So’. 1% Cons Cop Mns . 8' ons Edison ... 30% Cont Bak A ... 14 Container 53%

Crown Zeller . Crown Zeller H 91 Curtiss-Wr ... Curtiss-Wr A ..

Deere & Co.....

123%

—Ee—

Du Pont pt. si 112308

East Kodak +150 Elec Auto-L ... 35% Elec Pwr&Li El Pwr&L $7 pf. 334 Eng Pub S 1a Erie 1 pf

160 35% 7 33%

11% 2%

Fair pope. Fid Phen

than the average for the first half|Ge

of 1939. Col. Ayres’ report, however, cited

the lack of any important increase

in the issuing of new capital securjties as chief among the less favor-

able conditions in the outlook for

business expansion.

The economist said that there are

two reasons why. the business future is encouraging, including the

“great increase in demand for iron

and steel.” “The first is the fact that present levels are relatively high and exist-

ing unfilled orders are considerable.

“The second is that recent advances have been due mostly to in-

creases in the production of durable

goods. which until last autumn had been nisking laggard [Progress. ”

WARD NEWS BOOSTS

“ALL GRAIN FUTURES =

CHtiéAco, Jan. 15 (U. P).—Eu- |X ropean war news stimulated good | Nat Lead ia buying of wheat futures on the | Nat BWI&LL “ee Board of Trade today and lifted NS Y Central or

prices about 13% early - trading. higher.

All grains

At the, end of the first hour wheat was up 115 to 1% cents, with May Corn was up cent, roe up 3 to 11% cents, and soy beans

Wheai at 99% eents. , to 7 cent, oats up % to %

1% cents higher.

Fears that the war might spread to neutral countries had a bullish influence on the market, and crop

news was largely ignored.

WAGON WHEAT

Tndlanapolis Sram elevators are mnaying 92¢; subject to market

Cash No : Sic: 2 ho “shelled. 56¢; No. 2 white oats, Je.

5 Final Edition of-the Times

for Closing Stock Quotations and Other Late News

cents a bushel in| NY Amer © 221 were | No

Greyhound Cp. Guant Sug ....

Hollander & S.. Homestakg Hudson tor . Int M Marine.. Int Nickel Int P&P Int P&P pf.....

Johns Man .... Kresge SS «eee.

Lehman ....... Link Belt vo Loft, Inc Lockned "Airerft

2034 2834

« 1% 3 207

283%

10 51% os Ne Ys Nat Acme ...... 13% Nat Aviation .. 117 . 23% air Ya Nat Distillers .. 23% 20 8Ya . 69, 1634 f 33

33 22Y 23%

m Avn .... 23% 23s

WASHINGTON, Jan. 15 (U. P.).— ‘The’ average farmer in 1939 had a cash income of %1197, treports gathered by the Bureau of Agricultural Economics show. That income was made up of $1100 from the sale of farm comImodities and $97 in Government I benefit payments. It was an aver|age of $259 for each of the approxi{mately 33 million persons living on | farms. | No figures were available . for comparison with city income. | Economists s said that when the food raised on farms for home consumption is taken into account there probably would be a’ difference of less than $100 per family.

“A slight increase over 1938 farm

® Week Ago ..

| Otis Steel

. | average equals 100):

lumber dealers and contractors throughout Indiana in 1940. The house is planned to sell for about: $2100, net including the cost of the lot.

na Homes Foundation

The houses will be built under the administration of field men from

Foundation, an organization con-

nected with the Indiana Lumber and Builders Supply Association, This larger house will sell for about $3500,

N. Y. STOCKS

By UNITED PRESS : :

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Saturday ...... . 145.19 —0.7% Week AZO ...covceonnsensene 151.34 40.15 Month AZO ...cecevescessess 149.22 —0.14 Year Ago . High (1939-40), 155.92; High (1938). 158.11; Low, 20 RAILROADS Saturday .... Week AZO ...covsevensvcnnas Month AZO ....c.ooeevennace Year Ago High (1939- 10). 35.90; Low, 24.14, High (1938), 33.98; Low, 19.00. 15 UTILITIES

Low. 121.44. 98.95.

—0.14 —0.07 —0.25 —0.2%

32.18 31.53 31.68

25.21 ~6.36 24.86 23.50 20.51, 3.14.

Saturday Month Ago ... Year Ago High (1939- 10), 27.10: Low, High (1938), 25.19; Low, 1

set set erences

—_——

High cores 102

Net Low Change

10% Ya esses

Pac G & El ... Pacific Ltg .... Packard . Pan Am Airwys Pathe Film ... Penn RR Peoples Gas ’ Pet Corp Am .. Phelps Dodg . Phila Read C I | Phillips Pet ... Press Stl Car .. Va . 40% 8%

pf Serv

teresa

d Republic Stl -.. Revere 5% pf. . Réyn Met

Reyn Tob B ... 0%

. 45Y, 105% 19.

Safeway .. 45%, 8 | Safeway 5 pt Savage Avins . Seab'd Air Seab’d Air L pf Sears Roebuck .

a Socony-Vacuum

So Am Gold 2} So Por R § of 118% South Pac 13

. (South Ry ...... 1}

3,18 Studebaker

Sun Oil Sun Oil pf .....

. 43%

332 8 .. 28% .. 923% Timk-D AX .... 21%

Texas Cor 43% 35% 8 28% 92% 21%

Ulen & Co. Union B&P .... Union Carb Un Pacific

Vanadium Victor, Chem ... ValC & Ck ..

s | Walworth

Worthington bo 18%

173 i a1

a1;

Yellow Tr ce. 17Y

Zenith Rad ....

DAILY PRICE INDEX

NEW YORK, Jan. 15 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press. (1930-32

1 15%2

121.57 122.89 124.19 105.83 124.19 101.40

Saturday ........ceiershoveva Week 380 ...cvvsvsnnsshisses MONtN A800: i.covisssivhosnvee YEar ag0. ......ceeiisichveeee 1939-40 High (Dec. 18) wevvee 1939-40 Low (July 24) ........

Farm Income in Cash for 1939 Average Is $1197

income was largely accounted for by 650 million dollars in Government benefit payments—250 million dollars more in 1939 than in 1938. Sharp commodity price rises late in the year sent the income trend upward, but farmers did not get the full Benefit since they had sold most of their crops: Farm income, however, is far below that of early post-war years. In 1919 the average farmer had a cash income of $2231, a record high. It dropped gradually to $1247 in 1921 and then began a‘ climb to $1784 in 1929. The depression forced the aver-

nearly 50 years, in 1932, _

s| Mid U

V4 |'Trac Term Corp 5 7/8

s pared with . doar

age down to $1412 in 1930; $983 ir |g50 0%: 1931 then to ST. the lowest in o

BELGIAN BONDS |

FALTERATN.Y.:

Securities List Tumbles $3; Sentiment Bearish ‘Market Circles.

By UNITED PRESS

ing to more than $3 today at New York. The drop carried the list down to the lowest levels since early | September and wiped out most of the so-called war-boom rise of that month. Belgian dollar bonds slumped fractions to around a point. Currencies of Belgium and Netherlands were sold nervously on the foreign exchange. Prices dropped on the Paris Bourse because of military developments in Belgium and Hol» land over the week-end. Chrysler was down more than $3

-lat mid-session, while U. S. Steel

and Bethlehem had losses of almost $2. Du Pont, International Harvester and U. S. Gypsum had losses of $2 and more and a long list of trading favorites were down $1 and more. Utilities and rails showed most resistance. : There was little in the business news to account for the break. The American Iron & Steel Institute an-

| nounced that steel mills were sched-

uled to operate at 84.8 per cent Qf capacity, compared with 86.1 per cent last week. Other business items were not unfavorable. Lumber activity for the initial 1939 week made a good showing and advertising lineage for the same period also was over the 1939 week. Sentiment in market circles was Learish, nevertheless, and ‘some chartists believed the market decline would go further.

Curb Stocks

Net! 153 Change /8 a V2 ’ 97} 3 /4 11 635 10% 13 Va

&E Bath Ir Wrks.., mn! Ballanca Air .. 63% Brewster Aero . 10% Bunker Hill & S 13%; 1

lds pf Claude Rieon’ Lts 7-16 Copperwld Stl . 15) Credle Pet 1%

Jones & Lau si Lehigh C&N

Ld |

pf.. Niag H Pwr ... | Pitts Plate ... Technicolor ...

. Un Lt & Pwr B

Chicago Stocks

Am Pub Serv pf Armour Co

Borg Warner Chgo Towel pf

Marshall Field oe Merch & Mfg pf ....... Mid West Corp. vere lls n'pf .... Montz Ward . Noa west oS anep

LOCAL ISSUES

The following Syioiations by the Indianapolis Bond & Share Corp. do not represent actual price offerings, but merely indicate the approximate market level based on buying and sefling uotations of recent transactions. a Bid Ask Agents Finance Co com 9 Belt RR & Stk Yds com

m1 14 5312

Progress Laundry Viale Pub Serv Co of nd 6% ‘pd Pub Serv Co of Ind 7% pfd .. 9 *S Ind Gas & Elec 4.8% pfd . : Bonds American Loan 5s 8. American Loan 5s 4 vi Citizens Ind Tel 4! ae ‘61 .10 Crabbs-Reynolds-Taylor Co 55. Some T&T By Wayne 5% % 5 Home T&T F' t Wayne 6% ”. Ind Asso Tel Co 429% 65 Indpls Railway Inc 5% 67. Indpls Water Co 32%; Interstate T&T 52% .-101 Kokomo Water Works 5% ‘53. Kuhner Packing Co 427% 49..100 Morris 5&10c Stores 57 .. Muncie Water Works 57, Nat Sil: Hosiery 5s 42" Noblesville HL&P 6!57, 47 Public Tel Co 447, 55° ‘ee Richmond i Wks 50, 57° erre Haute Wat Wks 57% 56 .100% Terre Haute Wat Wks 6% 49.102 % 10 80

*Ex-dividend.

U. S. STATEMENT

WASHINGTON. Jan. 15 (U. P.).—Government expenses and receipts for the current fiscal year through Jan. 12, comEi

Las Expenses , 85. oa. 291 800. 29 $4, 38% 3013 54h. 65 Receipts > ,008. Sos Det.

Customs

INDIANAPOLIS CLEARING HOUSE

Clezrings $3,095,000 Debi its 8,197,000

FOREIGN EXCHANGE

NEW YORK. Jan. 15 (U. P.).—Follow-

ing are noon cable rates o - rencies cab major er, |2

England (pound) Canada (dollar) France (franc) . Italy (lira) ........... Belgium (belga) . Germany (mark) witzerland (franc) olland (guilder) Sweden (krona) Norway (krone) Denmark (krone) Japan (yen)

LOCAL PRODUCE

Heav, vy breed es under Sd

+ 0000 Ya

—.0006" Unquoted

—0024 —.6001

i, 10505 .1681 2243, 5330

crease

BS Polos, and Jer, 134 rn hens, 7c; barre: and White Roel roasters, 4 lbs. and over, 12¢;" under 4 1lbs., 9c; colored roasters. 4 lbs. and over, 10c: under 4 Ibs. 9c; heavy breed stags, 7c: Leghorn stags, 6c; Leghorn broilers, 2 lbs. and over, 9c; capons, 9 lbs. and over, 18c: 8 lbs. and over, 16¢c; 7 Ibs. and over, 14c. No. 1 Strictly fresh country run eggs, 15c; each full case must weigh 55 oe gross; a net deduction of 15 cents for each full case under 55 lbs. will be made. Butter—No: 1, 34@3 341! 0. 23%c. Butterfat—No. 29¢: No. 2. (Prices Quoted vr Wadley Co.) a

FOOD. PRICES

CHICAGO, Jan. 15 (U. P.).—Apples— Michigan Mach ) Fotatogs.—Tennesses. hi, pu je

STOCKS PLUNGE

Stocks slumped to losses extend-|

on the 200 to 210- pound division. 8.

Paul Speicher, managing editor of the Insurance Research and Review: Service here, will speak at the Indianapolis Assogiation of Life Underwriters luncheon Thursday in the Columbia Club. After graduating from the University of Wisconsin, Mr. Speicher was an instructor in its business administration school, later teaching at Technical High School and Indiana Uniyersity. He joined the Insurance Research and Review Service in 1921 and succeeded Mansur B. Oakes, founder and president, in 1937. :

HEAVIER HOGS GAIN 20 CENTS

Lighter Weights Steady to Dime Higher in Trading Here.

Hogs weighing more than 160 pounds were 10 to 20 cents higher at the Union Stockyards here today, the Agricultural Marketing Service reported. The full 20-cent advance was

6 made on hogs between 160 and 240

pounds, while lighter weights were steady. Top price quoted was $6.10

Vealers were steady with a $12.50 top. Fat lambs and yearlings sold | weak to 23 cents lower.

Good and Choice— 1Y | 120

t| 3 Medium—

5515 | Co

Top ..% 6.00 5.90 6.10

Repts. Jan. 155001 BR: :

in 15... ! Packing Sows

Re ps Top. 380 6.10 5.10

Barrow and Gilts o 4.60- 5.00 5.00- 5.90! 300 . sl 330- 360. Good—

140 § 4 160

4.80 4.50

Medium and Good— 160- 200. 5.25- 5.85 90- 120. 4.50- 4.85

Slaughter Cattle & Vealers (Receipts, 1321)

| Bulls (yearlings Sa ok 1.50! Sausage— 0.50|Good ... 6.50- 7 1.35|Medium

00 $ 9.00-1 0. -1 0 -1 6.25- 7.00 -11.00iCutter and -1 -1 -1

wo ¥ ox common = 5.25- 6.50 51 Yealers Good and 0.25 choice . 11.50-12.50 - 9.75/common and 7.50-11.50 5.50-"7.50

75- 9.60 col medium 7.25- 8.25| Stocker Calves

6.50- 7.50 245)

S31 MOY OO® ooh oad Tee coo

1100-1300. Common— 750- 1100. Steers, Heifers Mixed— Jo 750.

00d— “500~ 700.

Jnl Feeder, Cattle, (Receipts, Steers

500- 800 ~ 9.00-9.75-11.00, 800- 1050. 8.30-

eT a Choic Reifers {Medium : Soo. 1000 7.005 00-

1 00 0 9

9. 9. 9.00 8.75

4.00

750-900. 8.75- 8.75! a mon—— 7.00

8.50- 9.75! Coe 900

Cow 7.25- 9.00} Medium _ gon ..$ 5.50- 6.25 ves (steers) |Good and Choice—Cow 500 down $9.25-11.00 vy 8. 25. 7.00 Medium— 5.50- 6.25! 500 down 00- 9.25 hoes

ocd 500" down $8.75 9.75 4.00- 4.50] Madium— | 500 down 7.50- 8.75 SHEEP AND LANES (Receipts, 3181) Lambs

Good and choice Medium and good .

ommon— 500- 200. 6.00- 6.75 Good . Medium . Cutter and | common 4.50- 5.50! go Cutter (low cutter) .

Ewes (on shorn basis)

Good and choice Common and medium

CHICAGO LIVESTOCK

Hogs—Receipts, 11,000; market opened active, fully 25 cents higher, Spots up ster Vrade unevenly 10 to ‘25 n bulk good and choice 160-240 Mg Ps. Saas: 240-270 lbs.. generally [email protected]; most 270-330 lb. ‘butch-130-160 1b. averages, [email protected]: good 360ers, [email protected]; strictly ood and choice, 550 1b. packing’ SOWS, . Cattle—Receipts, 7500; Tres, 500; receipts sharply abridged because of storm conditions: very few truck cattle here; run mostly medium to good steers, yearlings and short-fed heifers: general market 25 cents higher, fairly active at advancz; most steers, [email protected]; but $12 bid on several loads; salesmen attempting to beat $12 early top. $11.75: several loads. $1l1@ 11.50: stockers scarce, slow; best heifers, $10.25; with numerous loads. [email protected]; weighty cutter cows up $5.75 and better: canners strong to 15 Ocents higher at $4.25@5: no outstanding weighty sausage bulls here: these quotable to 8 75 with [email protected] paid for meaty beef type VIR 313 pracyical top vealers, $12.50, 50 cents higher Sheep—Receipts, 6000: fat lambs and yearlings slow. undertone ready to easier: early bids and sales good to choice wooled lambs downward from $9: best held, $310@ 9.25 and upward. five decks ood slaugh- | ter vearlings. $8: best held hizher: sheep steady: few native ewes, [email protected].

OTHER LIVESTOCK

CINCINNATI, Jan. 15 (U. P.).— Salable, 3400: total, 5675; pidaver, market generally steady: top, 250 1bs., 363 3% 0-140 lbs., sows mostly 25 down os bl 1100; “total,

0 %%0.

1 [email protected]; 1200: calves,

{350: market fairly active, mostly 25 cents

higher: load good ncar 1000-1b. yearlings, $9.75: odd jot Tight mixed yearlings, $8 50% 230: bulk medium to good heifers, 0@ 8.75 1bs.. common to medium steers. yearInigs and heifers mainly $78. 25: common to good fat beef cows. [email protected]; canners and cutters chiefly. $4.50@5; bulk Susan: bulls, [email protected]: vealers strong, top, $ bulk good and choice, $12@13. Sheep—Receipts, 150: supply very light. market steady and largely nominal; good trucked-ins lambs greoted; [email protected]; Ee eligible to around $9.50: common and medium, sar @8.50; te ewes

listed mainly $2@3

Ind. “Jan,

Roughs, $4; stags, $3; calves,

$4.60. os 50; lambs, $9. Jan, 15 (U..P.),—

LAF AYDEIE Ind. Market 10 to 20 ce ents higher: 160-200 1bs., $5. es. 80: 200-2 2 bs $5.50; 250-325 Ibs. $55.40: pigs, n;: roughs, $4.7 down; calves, i Sor "lambs, $8. oti.

Oldest Loan

Brokers ‘in the tat

3000 10,000

| LOANS ===.

The SHICASS Store

146 EAST WASHINGTON ST.

INDIANAPOLIS

LIFE REPORTS GAINS OF '39

Insurance | Increased 45.5 Per Cent, President Raub Declares.

The Indiatispolis Life Insurance

gain of insurance in force during 1939, bringing total insurance in force to $111,055,449. In the company’s 35th annual statement, Edward B. Raub, president, reported that assets increased

| $1,909,017.35, bringing the total to

$24,003,829.17.! During the year $1,303,414.91 was paid to living policyholders and $621,562.42 was paid in death claims. Assets increased 129.6 per cent since Dec. 31, 1929, Mr. Raub said, and surplus has increased 133.7 per cent. The company has paid $16,236,362.36 to policyholders and beneficiaries during those years. Julian W. Schwab and George W. Anawalt finished first and second in

walt Agency was the leading agency, with Dallas, Tex., second; San Antonio, Tex. third, and Peoria, Ill, fourth. Officers, directors and department heads ‘of the Indianapolis Life -include Mr. Raub; A. Leroy Portteus, vice president; Albert H. Kahler, second vice president and superintendent of agencies; Charles L. Rouse, secretary; Walter H. Huehl, RRA Paul E. Fisher, treasurer; Irving W. Lemaux, director; Almus G. Ruddell and Obie J. Smith, members of executive. committee; Dr. James B. Young, medical director; George A. Raub, director; Egberi G. Driscoll, cashier; Irving Palmer and Francis D. Brosnan, assistant directors; Doyle Zaring, agency secretary; Newell C. Munson, associate counsel; Richard F. Veazey, manager underwriting department; Edward F. Kepner, assistant Secretary; C. Loren Harkness, manager policy department; Howard H. Huston, manager real estate department; Rosalie E. DeMoss, auditor. The home office of the company is at N. Meridian and 30th Sts.

Security Trust Re-elects

Officers and directors of Security Trust Co. were re-elected at the annual election today. Irving W. Lemaux is president; | George W. Snyder, vice president; | William Storen, vice president; I Reily G. Adams, secretary; Hugh |v. Brady, treasurer, and G. S. Blue, ‘assistant treasurer. | Directors are Edward: W. Harris, | president, Hamilton, ‘Harris Co; Mr. Lemaux; Edward B. Raub, president, Indianapolis Life Insurance Co.; Mr. Snyder; Mr. Storen;

5 Mr. Brady, and: Samuel J. Man-

tel, attorney.

Meat Expert to Speak

R. O. Roth, National Live Stock and Meat Board specialist, will discuss modern methods of displaying and merchandising meats and meat products tomorrow night in the World War Memorial auditorium. The meeting is part of the three0 day meat promotional program sponsored by the board with the co-operation of the Indianapolis Chamber of Commerce and Indianapolis meat packers and livestock interests. M. J. Carr of Kingan & Co. is chairman. Mr. Roth was to give four talks and demonstration at Technical High School today. He will be at Washington High School tomorrow morning, at Howe I.gh School tomorrow afternoon and at Broad Ripple Wednesday morning. He will give a talk and demonstration at the Wm. H. Block Co. cooking school Wednesday afternoon.

Fricke Urges Differentials Times Special WASHINGTON, Jan. 15.—E.. J. Fricke, manager of the Building Supply and Coal Department of the Indiana Farm Bureau Co-operative Association, Inc., Indianapolis, is on record here as urging that price differentials between rail and river shipped coal be retained at levels which will benefit consumers. Mr. Fricke and Bert Kingan, Indianapolis coal sales agent, appeared as witnesses at the Consumers Counsel’s hearing last week before the Bituminous Coal Division of the Department of Interior. Both had been subpenaed by Frederick L. Kirgis, director of the Consumers Counsel Division. Mr. Kirgis is seeking to show that the proposed prices, which are to be shortly decreed, will increase consumer costs in all categories by an estimated $44,000,000 a year. The Indiana Farm Bureau Cooperative Association has returned cash patronage net earnings to the county associations on annual average purchases from the wholesale of $4,000,000 over an 1l-year period, Mr. Fricke testified. Coal is sold by the Co-operative to the county associations at mine price on domestic sizes, he said. “The first year our coal department was organized we sold 51,416 tons to’ our county associations,” Mr. Fricke declared. “The volume in 1935 was 65,393 tons; in 1936, 78,663 tons; in 1937, 80,092 tons, and in 1938, 56,785 tons.

25. | For the first 11 months of 1939 our

volume was 85,830 tons. We have handled some antracite but most of our sales are bituminous coals.” He then outlined the growing business in the river shipped coal purchased from Cincinnati and stated that members in 65 county associations are saving from 2 to 9 per cent and should be allowed to continue to do so.

wd . a Borinstein Re-elected Times Special NEW YORK, Jan. 15.—Louis J. Borinstein of Indianapolis has been

5: | re-elected vice president of the In-

stitute of Scrap Irofl and Steel, Inc. The election took place at the’ Institute’s annual convention last week at Pittsburgh. Joseph E. Jacobson of Pittsburgh was re-elect-ed president.

on on Everything! /

Diamonds, Watches, Autos, Cameras,

Co. today reported a 45.5 per cent

paid business for 1939, and the Ana- |

TONIGHT 7:00—Ahdre Kostelanetz, WFBM. .7:30—Richard Crooks, WIRE. 8:00—Radio Theater, WFBM. 8:30—Alec Templeton, WIRE,

Alec Templeton, who won the radio editor poll nod as the “outstanding radio star of 1939,” will

swing veteran, at.8:30 @'clock tonight, NBC-WIRE. Alec and Benny will play “Sweet Reed,” a clarinet and piano duet written by Mr. Templeton. The | chorus will join the duo in a swing=phony of Fats Waller's “Honeysuckle Rose.” r ” 2 8

In the “it’s about time department” comes the announcement that Josef Pasternack will lead the orchestra in a .musical tribute to Finland at 9, NBC-WIRE. Included in the program wiil be Jean Sibelius’ “Finlandia” and ‘Valse Triste.” Mycroft Holmes, Sherlock’s known brother, will be introduced in : “The Greek Interpreter,” at 7, NBUBlue. . . . Andre Kostelanetz, who placed third in the poll for popular bands and sixth for symphony orchestras, will play Stephen Foster songs tonight. The program is

# 2

play host to Benny Goodman, young

little- |

heard at7, CBS-WFBM, and will include Tony Martin's singing of Friml’'s “Donkey Serenade.” . . . Bing Crosby makes a rare appearance outside the Music Hall to take the role of Joe Beebe in the Radio Theater presentation of “Sing, You#® Sinners,” at 8, CBS-WFBM.

Jem. : ’ Philip Murray, C. I. O. vice president, speaks on “Unemployment” af, 8:30, NBC-Blue. Mr, Murray is chairman of the Steel Workers Organizing Committee, . . . The Rochester Civic Orchestra may be

‘heard at 8, NBC-Blue. Alexander

Leventon will be featured in a violin solo of the prelude to Saint-Saens’ “The Deluge.” . . . A new program heard at 8 a. m. daily from WLS is called “The Magic Carpet” and is sponsored by a Chicago rug company. ga Tonight's European short-wave news broadcasts: Moscow, 4:30, RNE—12 megacycles; Rome, 6:2), 2RO—11.81 meg. and IRP—9.83 meg.; London, 7, GSD—11.75 meg. and GSC—9.58 meg.; Berlin, 7:45, DXB, 961 meg. and DJD—11.77 meg., and Tokyo, 11:40, JZI—9.53.

8 8 8

THIS EVENING

(The Indianapolis Limes is not responsible tor inaccuracies in program announces ments caustd by station changes after press time.)

INDIANAPOLIS WEFBM 12:30 +CBS Net.)

1400 (NBC-MBS)

INDIANAPOLIS WIRE

CHICAGO WLS-WENR 780 . (NBC Net.)

CINCINN ATI WLW 00 (NBC- MBS)

Girl Alone Midstream Dick Reed Dessa Byrd

Kathleen Norris Scattergood Billy. & Retty Basonolog

CUAL EU ded

Sports

= Ss

News lum and Abner Good win

Pleasures Time Mystery Treasure Hunt Dick Reed

Tommy Riges Richard Crooks

DD wIW

Tune-Up Time Minstrels

apstated | DDD

Radio Theater

Dr. L Q. Alec Templeton

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wld

NSIS UD

| |

Guy Lombardo : Blondie

Sensations, ” ”»

School Workshop

Contented Hour Swing

Kitty Midstrea Jack Armstron Silhouettes Vincente Gomer. Fred Kirby Children’s Stories Rakes and Denton Bud Barton er uane Tom Mix Lowell Thomas

rm — Busi. Bureau Fred Waring Science on March News: of ou

One of Finest ’ Ron Shorts Variety Show Richard Crooks

Radio Neighbors

Anthony Dining Sisters

Sherlock, “HoT True or False | Concert { Claridge’s Or Philip Murra Reiser’s Or.

Dr. 1 Q, Alege Templeton

Hollywood Contented Hour ” » ” »

Forum Sensations, Swing ”» ”»n ” ”

Amos and Andy News Russ Morgan

Lou Breeze » "

SS LSERS

Kaye

2333

Paul Sullivan Armstrong’s Or. Ayres’ OF.

Recordings ”

News

Peter Grant Paul Kennedy Jimmy James

19 0'Clock Final -

Little’s Or. Hawkin’s Or,

Aohmickeltrite B.

"Mogn River

INDIANAPOLIS WFBM 1230 (NBC Net.)

WIRE 1100

INDIANAPOLIS (NBC-MRS)

TUESDAY PROGRAMS

INDIANAPOLIS

CINCINNATI. WIBC 1050 WLW 700 *

(NBC-MBS)

3 >

Dawn Patrol

Early Birds ” » Market.

Sn we x

Devotional

Mornin’ Musketeers, ” ,

News

2 3

Dawn Patrol ”

News

adeded a? | ye

Breakfast Jam Time to Shine

New Qasnel Singer Clem & Maggie

City Todav Kitchen i

Editor's s Man 1 Married

Other Wife Plain Bil

Fred Mille Boss Morning

Tem Mice 5 ulia

Kitty Kelly Myrt and Marge. liton Stenmother

8: H_

00 115

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Navid Harnm Road of Life Against Storm Guiding Light

Singin’ Sam Nr. Malone

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Marv Tavlor Brenda Curtis Biz iste Jenny's Stories

Kate Smith Girl Marries Farm Circle

S2ST| Lows SrSur

ar | iy prt T=

Linda’s Love

farm Bureau: Rittv Keene Home Circle

~ Noon Tunes Minuet Christian’ Science Mv Son and 1:

Reon Renorter Headlines

Bettv and Bob ri

1 kt nt {hh to | fh eh rh The Su

T1990 | mimi &

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Church Hvmns

Daughter

Woman in White

Woman of Courage

Weather

Caravan,

Cotton Queen News

Man | Married Other Wife Plain Bill Novelty Bes

Jinda's Love Road of life Against Storm Guiding Light

Hanpiness O'Neills Farm Hour

News Good Morning Footlights Devotional

Melody Lane Dr. Swin Charm House Words & Musie

Friendly House

Public Schools vm

Rhythm Blues Chasers Rythmakers « Boy and G Girl

Ranch Bovs | ne Folks Rill Jones iy Sutton

Musicalo

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fllen Randolph Editor's Danghter Peter Grant

Betty and Bob Grimm's Daughter Valiant (.adv

COMBUNEY Hall Rest Church Hymns i —Nl.

Haven of

Jovee lordan Marvy Martin Society Girl

Air School

Proms! mis llD S02 sid

Vic and Sade

Waltg | Time Hits and Bits William Wirges Smilin’ Ea “Kathleen Norris Golden Store

Hollywood Scatterzonod

KEY NETWORK STATI( CBS—WABC(, 3860; WIR, 750;

Stella Dallas Lorenzo Jones Widder Brown

Girl Alone Midstream Dick Reed Dessa Byrd

590s! 1950000 | gb

8853

inde

Backstase Wife

WHAS. 820; KMOX, NBC-BLUE -WJZ, 160; WOWO, 1160; WLS-WENR, 870; KWK, 1350. NBC-RED—WEAF, 660: WTAM. 1070; WWJ. 920; WMAQ, 670. MUTUAL=—WOR, 710; WHK, 1390. WHKC, 640; CKLW, 1030; WSM, 850.

Piano Moods Want a Job? ; Congert Hour

Mary Marlin

Pepper Young Vie Trad Sade

Backstage Wife Stella Nallas iss Julia Beautiful 2 ite

Kitty Keene Midstream Jack Armstrong’ Invitation

3 o'Clock Club Ralph Russell Memories Serenader’s Swing ”»

Serenade Silent

JNS (Subject to change): 1090; WBEM, 770.

Make Woodworking Your Hobby. Use DELTA

MOTOR DRIVEN TOOLS Exclusively at

VONNEGUT’S

120 E. Washington St.

“Trumpet Instruction INDIANA MUSIC CO.

115 E. Ohio St. Ll. 4088

Ladies Sun HOSIERY os

KINNEY’S

138 E. WASHINGTON ST.

GEO. J. EGENOLF

MACHINIST 181/, W. South, LI-6212

And

ELINED EPAIRED | 4, EFITTED | "omens

LEO N Za mass. ave WOOK

RINS

CLOTHING COMPANY 131 W. Washington St.

Directly Onnosite Indiana Theater

Bos? Values in Towrn-On Credd

OUTFITTERS (0

RT Wr)

VF SYN

Wi?

70 PLAY IN 60 DAYS

Guaranteed course of iven away new piano.

_WILKING TT] co.

120 ERST OHIO ST.

MEN. WOMEN and CHILDREN Livingston’ THE MODERN CREDIT STORE

129 W. Wash, [n¢isns Theater

Opposite Us

Winter DRES

'MILLER-WOHL CO. 45 E. Wash. St. RL 2230

FUR COATS Largest Selection in the State

LUT TT HS

29-31 East OHIO St.

LIMITED TIME ONLY!

Dresses, Suits overcoat:

Overcoats DRY CLEANED

ANp PRESSED 8h SER 9c

& Carry white,

stight additional charge for fur-trimmed, velvet or pleated garment.

OCCIDENTAL | 5608

CLEANERS 309-308 0CCID ENTAL BLDG.

WHILE THE REST OF THE TOWN SLEEPS HAAG’S ALL-NIGHT DRUG STORE 22nd and Meridian | IS OPEN a

es - eT

“am “AND DIAMOND

LOANS

20 Months ‘to Pay .

WOLF SUSSMAN, Inc. 239 W. WASHINGTON ST.

Establ Shed. 3 Years 0 Opposite Stateh € L1-2749

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