Indianapolis Times, Indianapolis, Marion County, 25 January 1940 — Page 20

NEW YORK, Jan. 25.—I suggested yesterday that the first step in budget making now should be a rigid separation of permanent and temporary expenditures and that all permanent expenditures should be cut to the limits of a sound fiscal policy—to a point where they can in be paid easily out of tax moneys “without oppressive commodity or excise taxes. Second, that all temporary emergency expenditures should be paid for, also, as far as possible out of tax moneys, supplemented by borrowings on a scale merely sufficient to save the eceonomic system from collapse.

The next general principle to be 1

adopted is that all expenditures made in furtherance of recovery and relief should be made only on projects which can be called true investments, that is, improvements which will yield revenues, revenues sufficient to cover interest and amortization. Such would be low-cost housing upon a reasonable basis and toll roads and bridges, etc. All lendings to business, states, cities, and other persons should be stopped at once. This does not mean that money should not be spent for relief, but * Mif it is spent for relief where a

revenue return is not possible, then iy

it should be spent out of tax money.

With these general principles in 1

mind the Government may turn soberly to the serious business of. trimming expenditures. 2 a 8 BUT ALL THIS will not be enough. I have pointed out that we

have made the profound blunder of |

substituting Government - borrowed funds for private investment as a prop for our economic system. And I have insisted that, wrong as this is, this prop cannot be pulled away until another is provided. There is only way to provide another. That is to make it possible for private investment to revive. I have repeated this statement so many times in the last six years that it is getting monotonous and irksome. But it still remains the key to the situation and to a sound financial policy. The Administration has done nothing at all about this. Men may differ about the sound way to revive private investment. The great point is that the budget makers must also consider themselves as planners for this objective. They must have a program for it and must set it in motion at once. 2 8 »

MY OWN VIEW involves the following acts, which I have many times advanced: 1. Complete breakup of every

semblance of price-fixing agree- |}

ments and all other agreements in the building industry. 2. Ruthless prosecution of corrupt labor leaders in the building industry. 3. onwide, drastic enforcement of ti-trust laws. The President should issue a proclamation that this effort is going to start on a wide front instantly. This would avoid lots of litigation. : 4, Immediate adoption of a plan for railroad reorganization. 5. Public statement of a clear, definite, unmistakable policy on utilities. : 6. And end of gold buying in the world markets and a shift to dollar stabilization instead.

7. A clear, ringing declaration that up

there is going to be no more amateurish tinkering with our money system, in order to eliminate uncertainty as far as possible for business. These measures coupled with a fundamental policy of budget making will enable Congress to approach the budget along the path of reason.

Chicago Stock Hgh Lov «w 5%

3% 30% . 1092 T%

Allied Lab Ar &

.. 84 84%

a Libby McN&L .. Marshall eld. .

Nat oe Noblitt Sparks .

Swift & Co United Air US Steel .~.. ..... ~ Ut & Incv pf .... * Wisc Bk Shrs

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not represént actual price offerings. but merely inQicate ihe 3pprosimate great level based u; and selling quota recen oa petio Stocks Bid Ask

Lines .

nsactions.

N Ind Pub 6% pid.. N Ind EXD SoY 1% pid ...... 1 Progress Laundry .. .... . Pub. Serv Co of Ind 6% pfd... Pub Serv Co of Ind 7% pfd . *So Ind Gas & Elec Terre Haute Elec p

‘87 12%

See Final Edition of the Times for 5

Closing Stock Quotations and Other Late News

Soi Last 9 1325 1b

Japan YER} caress esse

HOGS ADVANCE. RECEIPTS DROP

Weights Under 160 Pounds 15 Cents Higher as Others Gain Dime.

Hogs sold 10 to 15 cents higher at the Union Stockyards here today as receipts lightened to an estimdted 6500, according to the Agricultural Marketing Service. Weights over 160 pounds gained 10 cents while lighter weights were 15 cents higher. The top price quoted rose to $5.90 on 200 to 210-pounders. Vealers continued unchanged. Fat lamb and yearling prices were strong to 25 cents higher.

Top Repts./Jan, $6.10 8934/23 6.10 3500(2

cess $95 12,000(25

Top Repts. $5. ha 7022 5560

Barrows and Gilts

Packing Sows Good gid Chi

od and Choice—

4. 4.404.15-

250- 500 00 Slaughter Pigs |Medium and Good~— 160- 200. 5.00- 5.65 90- 120.. 4.00- 4.55 Slaughter Cattle & Vealers (Receipts, 345) 2 Steers ! Bulls Choice— li Yearlings ex 750- 800 #£10.75-11.50|Good $6 90 . 10.75-11.50/Sausage— . 10.25-11.25/Good .... 6.75- 7.25 : 10.00-11.00'Med}umn : 6 25- 7.00 Cu

ter and 9.00-10.50;, common _ 5.25- 6.50 - ealers

cluded) 50- 7.00

nd ‘ )2.90-12.00 n an . 8.00-12.00 6.00- 8.00

750-1100. 7150-1100. Steers, Heifers Mixed— |Choice— Je 750. 9.75-11.00/ 500- 800. ood— | 800-1950. 500- 700 8.50- 3.75.6 rs

5/Cull | 7 | (Receipts, 376) Steers 9.00- 9.75 8.50- 8.00

8.00- 9.00 7.75- 8.75

7.00- 8.00

6.00- 7.00 teers)

ood— 500- 800. 50-

| 800-1950. 900. 9.50-10.75|:Medium — Good — | 500-1000. 750- 900. 8.25- 9.50/Common— Medium — - : 500- 900. 7.50- 8.75! Calves (s Common — ood and Choice— 6.25- 7,50 wy down §9.25-11.00 )

C 7

500- 900

S edium — Good ...$ 6.00- 6.75 500 down. 8.00- 9.25 Medium . 5.50- 6.25| Calves (heifers) Cutter and Good — common . 4.50- 550! 500 down $8.75- 9.75

Cutter (low Medium — cutter)... 4.00- 4.50| 500 down. 7.50- 8.75

SHEEP AND LAMBS (Receipts, 3518) Lambs : Good and choice

Medium and good Common

vevenay seee.e.$ 9.25- 9.50

Ewes (on shorn basis) Good and choice 3.50- 4.50

2.50- 3.50

CHICAGO LIVESTOCK

Hogs—Receipts, 12,000; 10 to 20 cents higher th ednesday’s average; Closed . op, § fi {

light-

Cattle—Receipts, 4500; calves, 500; good and choice fed steers and yearlings strong; general trade fairly active; more common and medium steers here, however: these steady to strong; extreme top $11.50 paid for long fed 1357-1b. steers, but no ‘stricty choice steers and yearlings in crop; best yearlings, $10.85: not many steers or yearlings here of value to sell $10.50; bulk going at $8 , able supoly medium grade [email protected]: stockers mostly+$8.50 down; good to choice top yearlings selling up to $16 on country account: heifers scarce; stronz to 25 cents higher at $9.50 down to $7; cows very draggy. 15@25 cents lower for week: strong weight cutters around $5.25; light canners, $4; bulls active, strong to 1 cents higher at $7.50 down and sausage offerings; vealers {fairly steady at $12 vn

own. Sheep—Receipts, 8000; late yesterday: Fat lambs and yearlings steady to strong: sheep strong to ‘15 cents higher; lamb Lop: .50; few loads. $940; bulk. [email protected]; ton y s. $8.50; top fed Western ewes, $5.25; $5.10; natives, [email protected]. Today's trade: Fat lambs slow, undertone steady to stronger: wool lambs bi 9.40 freely: best held $9.50 and upward; recently shorn lambs, $8; sheep firm; choice ewes, $5.25.

OTHER LIVESTOCK

CINCINNATI. Jan. 25 (U. P.).—Hogs— Salable., 2000; . 2700; active on light supply: generally 10c¢ higher; sows steady; s 220-230 1bs., $5.90; 100-140 1bs., [email protected]; sows mostly $4 down; smooth lightweigh*s a:ound $4.25. Cattle—Receipts, 250 calves, 200; medium to good yearlings and heifers slow; undertone weak; cows and bulls strong; odd head light heifers, [email protected]; common to good fat beef cows, [email protected]; canners and cutters, [email protected]; top sausage bulls, $7.50; vealers steady: practical top, $13. Sheep—Receipts, 150; early supply limited to sizable bunch choice -1b. fed Western lambs to city butcher at $9.50: common and medium, [email protected]; slaughter ewees. 83 Aown. FT. W. Ind.,, Jan. 25

earling ulk,

$4.75; 350 ¥ 120-140 1bs., .. $4.50. Ronchs, $4; stags, 0; lambs, $9.25.

UTILITY ANNOUNCES $61,000,000 OUTLAY

NEW YORK, Jan. 25 (U. P)—= New construction and expansion nrograms now under way or planned by operating utilities in the North American System involve an outlay of nearly $61,000,000, of which about $38,500,000 will be spent this year,

, |according to Edward L. Shea, president of the parent company. 8

The executive stated that the current program is the largest undertaking by his organization in nine years, and that scheduled expenditures for 1940 are almost double the 1938 figure. He said that the balance of more than $22,000,000 involved in the program for work which cannot be completed this year will be carried over in 1941.

DAILY PRICE INDEX

NEW YORK, Jan. 25 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100) :. esterday .. Ts Week ago .

veenves 120.93 sevshvevelsesnesees 12213 Month ago '................. 12252 Year ago devairases. 105.43 |1939-40 High (Dsec. 18)....... 12419 1339-40 Low (July 24) .. 101.40

U.S. STATEMENT

WASHINGTON, Jan. 25 (U. P.).—Government expenses and receipts for the current fiscal year through Jan. 23, compared with a year 2,2: his Year Last Year Expenses ..$5,318,497.712.70 $5,092,702,769.10 Receipts .. 2,960,412,488.36 3,161,821,800.58 Gross Def. . 2 Net Def ...

CE ces

stoms

INDIANAPOLIS CLEARING HOUSE Clearings ,000 Debits 000

|FOREIGN EXCHANGE

NEW YORK, Jan. 25 (U. P.).—Following are noon cable rates on major currencies:

able Net Rate Change $3.98, —.00% 88 5-16 +-.00 3-16 0226 —.0000%a

¥ 500s v nquoted

‘4.0002

eesssnay

England (pound) Canada (dollar) France (franc) [taly (lira Belgium "(Belga) ...... Germany park) ‘ese £ Jranc) . BF), voir

Holland (gutld ollan Sweden {guider Norway (krone) ....... Penmats (krone)

esses *e

AT STOCKYARDS

(18th

p).— (liam H. Wemmer, ibs. | Kunkle and Joseph E. Cain. 3 .

10 100 80 80 70 60

1923. "1924 1925 1926 1927

EXPECT 1000 AT

FARM GONGLAVE

Commission Group Meets - Here Tomorrow.

About 1000 delegates and leaders

pected to attend the 18th annual

sociation convention tomorrow at the Claypool Hotel. ; The association is a selling agency for Indiana members and nonmembers alike formed and sponsored by the Indiana Farm Bureau. It sells cattle, hogs and sheep at the Indianapolis Union Stockyards.

The meeting will open at 10 a. m. with the report of M. S. Baker of Thorntown, president. Scott Meiks of Shelbyville, firm manager, will broadcast a report on the year’s activities from the convention luncheon at about 12:15 tomorrow on Radio Station WFBM. I. C. Ashby, head of the livestock marketing division at the University of Illinois Agricultural College, will speak on “Livestock Marketing Problems” and Frank King, chief of the animal husbandry department at Purdue University, will discuss “Livestock Problems of Indiana.”

new directors to take the expired terms of Mr. Barker, O. B. Goble of Charleston, Ill., and H. F. Lochrey of Franklin, Ind.

; 5 $10,216,726 Paid

The Indiana Unemployment Compensation Division announced today that $10,216,726 was paid to unemployed Indiana persons last year. Director Wilfred Jessup said there were 1,041,261 checks during 1939 as compared with 1,466,609 payments totaling $16,308,562 the last nine months of 1938. Benefits started in April, 1938. “The payment of $26,525,288.95 in benefits in the last 21 months contributed an impetus to the rising

5 (tide of business and industrial ac-

tivity which became pronounced in 1939,” Mr. Jessup said. “Just as important, though less tangible, have

fluences exerted upon the whole economic system by the assurance of protection for all those eligible and insured and by the employment stabilization incentive of the job-insurance law.” : :

Form Corporation

Formation of the Ceiery-Vesce Sales Corp. here to distribute products of the Celery-Vesce Co. was announced today. Robert S. Stempfel is president of the new firm, Homer H. Cochran, vice president, and O. W. Morrissey, secretary-treasurer. Directors, in addition to the officers, are William H. Trimble, board chairman; WilKenneth M.

John Bryan will be in active

;| charge of production at the Celery-

Vesce Co. which is to continue as a separate company. A new factory site at 935-37 Daly St. has been leased and new machinery has been installed.

Announce New Policy

A new insurance policy, Passenger Medical Insurance coverage, was announced today by Benjamin 8. Summer, local representative of the Allstate Insurance Co., organized by. Sears, Roebuck & Co. Benefits up to $500 each are pay-

car owner may protect the driver, owner and each occupant. The Allstate company’s Indianapolis office is in the Sears, Roebuck & Co. building, 333 N. Alabama St.

Earnings Reported

The Ayrshire Patoka Collieries Corp. announced today its net income for the six .months’ period ending Dec. 31, 1939, was $131,872.60. Its adjusted net income, before provision for Federal Income tax, was $95,080.06 or 67 cents a share on 142,265 shares of common stock.

BUSINESS AT A GLANCE

: Bv UNITED PRESS Automobile Manufacturers Association reports 1939 retail sales of cars and trucks 3,244/537 units, up 38.4 per cent from 1938; December sales, 315.889 units vs. 277;801 year ago, up 13.7 per cent. Dun & Bradstreet reports week

109,814,000 vs. $5.806,298.000 previous week and $5,094,547,000 year ago. Engineering News Record reports week ended Jan. 25 construction awards $32,678,000 vs. $41.461,000 previous week and $49.483.000 year ago; year to date, $191,977,000, off 38 per cent from year ago. Chicago, Rock Island & Pacific Railway Co. 1939 net operating in-

9lcome $5.458,853, largest since 1931,

vs. $2,512,843 in 1938. Missouri Pacific Railroad Co. 1939 net operating income $980,777 vs. $581,456 in 1938.

Ind ana Bu

1928

Indiana Producers Alph

from Indiana townships are ex- A

Indiana Producers Commission As-|4% ¥ A 1A

It is a co-operative whose board of |3 directors is elected by the entire || membership. B

C The association will elect three

Ge been the’ general strengthening in- Sen

able under the policy with which a NY

were 11 per cent higher in Decem-

ended Jan. 24 bank. clearings $5,-|

hd ic

siness Continues Gain

1929 1930 ' 1931 1932

1923—1936 Equals 100

; Indiana business in December was the “best in a decade or more,” Indiana University’s Review discloses. The university’s report said “there are many valid reasons for believing the ¢ tion of recovery should bring a volume of business in the State much above the 1929 peak.” was the best since 1923 in stores, the report said.

NY. S

—r—

High t

Net Last Change Lab .... #9 ; h Lud Stl. 2 Chem ...17

hbo 14 a] leg Ya 1

lied

Ya 1%, 4

A A A A A

+ 13 Ya Te x 1g Y

DUE FH]

Anaconda .. .. rmstrong Ck .

Atlas Corp .... Atlas Corp pf.. Aviation Corp ..

Bald Loco ct .. Balt & Ohio .

£9 tt C3 4 pt pt 8 BORD Boe Be

B B Borg-Warner .. Bklyn & Q pf. 15 Budd Mig .... Budd Wheel .. Bullard .

ER a

Cal Packing ... Callahan Zinc. Case J I.. ... Caterpillar T .. Celanese Certain-teed ... Certain-td 6 pf Champ Paper . 2 Ches & Ohio pf Cri RI&P.. Chrysler Climax Mol Cluett Peab Com Inv om Solv Comwit : ong Cigar Cons Ai

IT pe Re Ek

DiI FE DH H i

@ 0

3. SSO

Cont Con Cont Can Con

Crane Co Crucible 8t .... Curtis Pub pf.. 42 Curtiss Wr .... 10% Cutler Ham .... 19

mT Diam T Mot ... 9 Dist Seag sive. 195 19 Douglas Air ... 321% 82 Du ont ......181% 181% —E— 28%

31% .. 36%

5 . 33% . 10% 23% 231, — 34 33% —Ciee .115 115 ©3912 3915 47%, Save

East A Eaton

E : Ex-cell-o .. Freept Sulphur.

Gen Cigar pf.. Gen Electric . Gen Foods Gen Mojors

css

Hat Cp nf ..... Harb-Walk .. Helme G W Holland Furn Houston Oil

92 26

..108 .. 31% 6

26 Bh 6 —l— Int Agric 1% nt Horr % Int Nickel ..... 37% nt P&P J Int P&P pt .... 55 : Fn Jarvis Co ...... 16 —C— Kennecott ..... 36% 30%

Kinney 5 pf ... Kroger G & B. 29

1% 37% . 13% - 85 18

38 30 29

Lehma L-O-F Ligg Lin Lof Or’ Cc

no Glas;

engel 1st pf.. idland Stl ... 3 inn-Moline ... o P f

cases

- PS

— WLINO er LINI CILIA

—- LLOL WII RIE

at ad Nat Mal & NY Air Br

ASRS ea N2

tl C 2: PCR

% Ya

corors C14 iB DIDI bt 4s BD

nN C82 Ca4 DU a

El pf .

Steel 0%

10%

Retail Sales

Otis Otis

Times Special

WASHINGTON, Jan. 25.—Sales of independent retailers in Indiana

ber, 1939, than during the same month of 1938, the Commerce Department reported today. The 84 Indianapolis firms reporting disclosed their sales werd 9.6 per cent greater in December, 8.8 per cent greater for all of 1939 and 51 per cent ahead of November, 1939. Dollar sales totaled $3,528,586

in the past December in Indianapolis. Most kinds of business, except department stores, were represented in the survey made by the Bureau of Census, " In the comparison between December, 1939 and the same month in 1938, Evansville showed a 13.3 per cent increase; Ft, Wayne, 14.1 per cent increase; Gary, 25.7 per cent increase, and South Bend, 26.8 per cent increase. ”

1934

By UNITED PRESS

«| Year ago

2 | Creole Pet E

|SBd&Shepre

1935. 1936 1937

Business ontinuaHoliday business

TOCKS

DOW-JONES STOCK AVERAGES

39 INDUSTRIALS Yesterday .................. 147.00 +1.51 Week ago .. «os 145.61 —0.20 Month 2g0 «ce.co.peese oe. 149.48 40.98 Year ago ..... ser ears Warne 136.42 —4.30 High, 1939-40, 155.92; low, 121.44, High, 1938, 158.41; low, 98.95. 20 RAILROADS Yesterday ....... .. 80.93 Week B80 ....0essesssaseress 30.21

ssssscsnes

8 Month 2880 ccovcncvsccescnsss 31.58

Year ago 27.93 High, 1939-40, 35.90; low, 24.14. High, 1938, 33.98; low, 19.00. 15 UTILITIES Yesterday ................ Lo. 25.18 Week ago .. Month ago ....

22.30 High, 1939-40. 27.10; low, 20.71. High, 1988. 25.19; low, 15.14.

Pos Ne High Low Last Change S334 + ¥% Sn

1% EA

+ oh 3 5

iY ia

Richfield Oil ...

Safeway afeway 7 Le

ubber .. S Steel 59 U S Steel pf .. U S Tob Univ Pict 1 pf. 70

A —V Vanadium ..... 32 313% —Wo

Warner Bros .. 3% West Pac pf .. 4% West Union .... 243% Wheel Steel ... 28% White Sew M .. 5% Willys Overind. 1% Wilson & Co

. BY Woolworth .... 40%

—— Yellow Tr ..... 17% 17% Young Sheet .. 417s ' 41% Young Stl Dr .. 25 25

Curb Stocks .

Net High Low Last Cnange Alum Co Am 158 150% 151 a Am C 23 2 ee 34Ye 34s 3

1-16 Ys

a Vs 1s 7 Ve i

r Bellanca Air .. Brewster acto,

143s

Carrier Corp .. P .10812

Celanese 1 pf. Cities Serv . 4 Claude Neon Lts 7-16 Cleve El Ilum.. 45% vee 21Y 2 Ya Ya Ya 98

1 Bd & Sh .. El Bd & Sh 5 pf 57 El P&L op wts Fruehauf Trail. G El Ltd rets. Alden

3 1

a Min .... Jones & Lau Stl 3 Kingston Pro .. 17 Molybdenum. ... Nat Contr .... }

sie EE EL . pa . - .

] Sherwin-W ... 93 Std Oil Ohio fp.10 Un Ga P-.. Valspar pf .... 1

of Indiana

+ oe

«a

- n

1 17

Stores Gain 11 Per Cent

Michigan City, 6.5 per cent; Muncie, 125 per cent; Richmond, 6.1 per cent, and Bloomington, 9.2 per cent. Sales of 18 department stores were up 9.6 per cent over a year ago. Of the kinds of business covered by, the survey, household appliance stores showed the largest gain, .23.3 per cent. For the 12-month period, motor vehicle dealers led all other kinds of retail business with a gain of 36.2 per cent over the previous 12 months. - 5 : Dollar sales of $8,785,820 reported in December by 720 Indiana firms were 42.8 per cent above November, 1939, for 720 stores.

Terre Haute sales advanced 3.8 per cent; Anderson, 3.6 per cent;

TYPEWRITER

| Remington Rand, Inc, and subsidiaries December quarter aet profit $752.255, equal to 34 cents a

nine months net equal to 30 cents vs. $1,427,463, or 30

cents year ago; profit, $1,104,418, a common share, cents year ago.

WAGON W lanapolis’ grain elevators are vayin o.: 1 red wheat, 95¢; subject to marke

other grades on their merits.

A Ind oN r Ni

common share, vs. $921,188 or 45/

. ing found very little buying interest.

7 with gains of better than a cent,

1 Incorporations ©

The Light Co:, Inc., South Bend: amend-|1

s | Par valu s|tre D

s|. The 8. s | dissolutio

“ No, 20c¢;

STOCKS RECEDE: BUSINESS NEWS DISCOURAGING

Trade Lightens but Aeros Hold Prices on Talk of Vast Orders.

By UNITED PRESS Stocks made an irregular decline today at New York with volume lightening. ‘ cession together with the extent of yesterday’s rise were considered the major, reasons for the setback. The list started steady to firm and gradually eased. Steel shares were easier in the late morning. Bethlehem had a loss of more than $1. They rallied from the lows in the early afternoon, but continued under the previous close. Motor shares, oils, rails and utilities were easier. ; Talk of vast orders for airplanes from France and Britain sustained the aircraft stocks ‘and several showed small. gains. Several special issues were strong, Highest priced railroad issues were higher on moderate trading. American Air Lines was a feature in its section. The mercantile shares held well. Car loadings declined 21,891 ¢dars from the previous week, which was somewhat more than seasonal. Building showed a drop of 34 per cent as compared with a year ago. Bonds were mixed. Japanese issues weakened on uncertainty over the trade treaty with the United

States. Grains and. cotton eased. —

GRAIN PRICES: SAG AS BUYING SLUMPS

CHICAGO, Jan. 25 (U. P.). — Wheat sagged in early trading on the Chicago Board of Trade - today as scattered commission house sell-

Rye showed independent strength

At the end of the first hour wheat was off 4 to 1 cent, with May at 997% cents. Corn was off % to % cent, oats off % cent, rye up 1% to 1% cent, and soybeans 1; to % cent lower. re ——

ment increa

sing capital stock to 110 shares pref

erred and 140 shares common of $100

e. Stout Distributing Co., Inc. 401 S. - Bend; agent, John C.

ame St., Sout , Harring, 1418 Fellows St. South Bend: 1000 shares no par value; wholesaleing and retailing malt, vinous and alcoholic beverages; Herbert R. Stout, Orie Parker, Jolt : 3 ring. ou end Co. Inc, 330 W. Navarre St., South Bend; agent, -Ray W. Hayes, same address; 1000 shares no par valae, contractin, and _ construction business: ay W. Hayes, Byrl A. Barker; Ned W. Puterbaugh. Goshen Hardware Co., Ine., Goshen; dissolution. 8 5 R. Lumber Co., Inc.,, Wawaka;

LOCAL PRODUCE

Heavy breed hens, 5 lbs. and over, 12c: under "5 lbs. 10c: ghorn hens 12¢: White Rock roasters, lbs. and over, | 12¢. under 4 Ib,

Ss. an 2 lbs. and over, 18c;

r, ldc 1 strictly fresh country ru each full case must wo h Bs © gross; a net deduction of 14 cen full case under 55 lbs. will b

Butter—No. 1 32%c. Butterf 29¢:

TEs;

s for each made. ;

+3 at—No. 1,

Further evidence of business re-|

TONIGHT 7:00—Ask-It Basket, WFBM. 8:00—Good News, WIRE. 8:30—Town Meeting, WENR. 9:00—Music Hall, WIRE. 9:00—Glenn Miller, WFBM.

Tonight’s newcomer to the airwaves is a program called “musical Americana,” scheduled to make its bow on NBC-WLS at 7 o’clock. Deems Taylor will act as master of ceremonies, and a 100-piece orchestra will be conducted by Raymond Paige. The series’ purpose is “to win over those who look down on popular music. and to inspire a keener appreciation of serious music,” according to the sponsor’s announcement. Mr. Taylor also offers a slight clue with the statement that “I have personally! counted on a cursory survey of programs and hand-

"ON THE R

ADIO

heard, and who have written at least one work that can be’ played anywhere withoug apology.” The opening program, definitely on the light side, will include Friml'’s “Chansonette,” “In an Eighteenth Century Drawing Room,”* by Raymond Scott; MacDowell’s “To a Wild Rose,” “Where Else But Here,” by Sigmund Romberg; the “Comeay Overture” of G. Henry Gilbert, and a medley of Jerome Kern tunes.

Incidentally, Mr. Page’s orchestra will be the largest on any sponsored program—and, naturally, the programs will be all-American.

2 ” 2

Speakers on tonight’s Town Meeting of the Air will discuss adoption of the President’s national defense program on NBC-WENR at 8:30. Debaters will be Maj. George Field ing Eliot, Congressman Melvin J.

books the names of 78 American composers whose music I have 8% 2

THIS EVENIN

The Indianapolis Times is not responsible nouncements caused ov station changes after pr

Maas, Oswald Garrison Villard and William T: Stone. 8 =

for inaccuracies in program ane ess. time.)

INDIANAPOLIS WFBM 1230 (CBS Net.)

Rathleen Norris Golden Store Hollywood Scattergood

Billy & Betty Playhouse Maj. Elliott European News

WIRE 1400 (NBC-MBS)

Girl Alone Midstream Dick Reed Dessa Byrd Spelling Ree I. U. Progra Ensemble King’s Men

Pleasure Time Myvsterv Treasure Hunt Dick Reed

£858 8858|

ve oe |

News Genevieve Rowe Ves, Poy,

Askit -Basket Jessel Celebriti

INDIANAPOLIS

Strange as Seems Those We Love

CINCINNATI WLW (NBC-MBS)

Rit Keene idstream Jack Armstrone Invitation

CHICAGO S-WENR 870 (NBO_ Net.) Radio Neighbors thonv nning Sisters Musical * Bits Stories Bud Barton Tom Mix Easv Aces Mr. Keene One, of the Finest

An Dii

News % Baker ane Denton Guideposts Lowell Thomas Pleasure Time ig, Town Inside Sports George Jessel Thole! Ws Wave

es Musical Americana

Joe | Penner

Major Bowes Good News .

Concert Miniature Ted Weems : Town Meeting

Good : News » ”»

Glenn Miller . World Dances Bible & - Lite Singing Cop

Amos & Andy ews k Bob Crosby ” ”»

Musi ” ” ”

; |seee) 2am! aus! assal saan hes CELD LEe® ada 2222 5303 E53 &358 &Z58

News Carillon Musio Jan Savitt !

Jed td ht S55 iT & 538

Paul Sullivan Kay Kyser Owens’ Or,

Recordings ” ”

Griff Williams

FP ] «ae

INDIANAPOLIS WEFBM 1230 (CBS Net.) Early Birds

(NBC-MBS Dawn Patrol Markets

”» ”» ”»

: News

100 Freddie Miller 8:15 Good Morning :30 Melody Weavers 8:45 Miss Julia 9:00 Kitty Kell 9:15 Myrt and :30 Hilltop 9:45 Stepmother

Short Stories Life Begins Bie Sister Jenny’s Stores

Kate Smith Girl Marries Farm Circle

”» ”» »

Dawn Patrol ” ”» ”» ” News Indpls. Today Air Kitchen

Shiai} BO Bom | oWS |

a Other Wife Plain Bill Woman

David Harum Road of Life

Marze

Guiding Light

Singin’ Sam Dr. Malone & Woman of Com Linda’s Love

Farm Markets. Reporter Headlines

Be! r

2 5858 8353

Keller Bros.

ews Kitty Keene Noon Tunes

Lanny Ross Tuttle's Or. Butler Forum y Som & 4 Joyce Jordan

Society Girl Air School

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FRIDAY PROGRAMS

INDIANAPOLIS . INDIANAPOLIS WIRE 1400 WIBC 1050

Editor's Daughter Man 1 Married

in White

Against Storm

Hour / Béatnr

d Bob Grimm’s Daughter

Backstage Wife

Widder Brown

Wyman

& Thomas

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aul’ Kennedy Al Jahn’s Or. Schnickelfritz B. Al Jahn’s or, Moon Riyer

10 ,0°Clock Final

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dKassel’s ,or. Horace Heid

CINCINNATI

) (NBC-MBS)

Devotional Mornin’ Frolio o Checkerpoara Time to Shine w

ews Gospel Singer Lulu Belle

Caravan Julia Blake Cotton Queen News

Plai BH Lite White House Linda's Love Road of “.ife:

Against Storm Guiding Light

Vic’ & Sade O'Neills Farm Hour

Breakfast Jam 1

” ”»

News Good Morning Footlights Devotions Melody Lane Dr. Swing Charm Honse Master Singers

Friendlv House

Safety First Castletime

Noonday, Rhythms

Rhythmakers Bov and Girl

Ranch Boys Home Folks Bill Jones Tommy Sutton

Musicale Harlin or 0x Haven of Rest

Piano Moods Birthday Ball Congert Hour

I Married Wife

rage

Livestock Reports Ellen Randolbh Editor's Daughters Peter Grant

Bettv and Bob Grimm’s Daughter Valiant Cade Betty - Crocker

Mary Marlin a Perkins Pepver Youne Unannounced

Backstage Wife Clarence Gilliund Siella | Dallas es ss a Today's Musio Beautiful Life

Streamlined Swing Kitty Keene Blues Chasers Midstream Sunset Serenade Jack Armsfrone Silent | . ~ Jamboree Preview

8 o'clock Club

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

MUTUAL—WOR, 710; WHK, 1390; WHEKC, 640; CKLW, 1030; WSM, 850,

(Prices quoted by Wadl

ey Co.)

The Choice Selection of

As Offered in

Examples From Today's Wa nt Ads

Better Houses and Apartments

Today's Times Want Ads

You will talk about this choice selection of places to live because it enables you to find just what you want right from your comfortable arm chair, saving your time as well as patience. Read the offerings below and then consult the Want Ad columns for others.

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

Houses for Rent

Apartments for Rent 18

APARTMENT RENTAL BUREAU

Choice apts.. gladly shown. HE-1328

GENERAL APARTMENTS

HL E. 16th -..ceesvssnicansnns __32 W. Vermont, : LI-2439 $30—Corner 15th-Park; large efficiency splendid ht.; ref., Magic Chef. RI-4687 CARROLLTON AVE., 1322—1 Bedrm. apt. Heat. yater 2nd [aks $35. See custoor ca A rtt. HALL-HOTTELL CO., LI-2541. COLLEGE, 1316—Attractive four rooms, either with or nO oh ar peration, as stove or garage, but: s Steam Wi) ER tadian service. RA 6415, NEW Stone veneer apartment doubles; * bedrooms. 2859 E. Riverside Dr. RI-23 418 E. 19TH ST.—-Two-bdrm. apts., with Sross-ventiation, Wks a ns ning \rms., air . b water and ot: Waves furnished. Apts. 3 and 4 available. ~ For details call Mr. Burtt. HALL-HOTTEL CO. LI-2541

UNION, 1445—2 rooms, private

2 79

bath, ‘entrance, heat, all utilities; reasonable. RI-7933.

PROSPECT, 1448—3 rooms, extra mice lower apartment. All utilities, $22.50. ,

MARKET, 1430 E.—Five rooms, bath, steam

4 heat, water furnished, $30. Custodian. - RI-87617.

‘

§-ROOM API. N. Noble St.. $20 pe

month. TA-3708. GARAGE, $3 Month—Rear of 535 Sutherland Ave.. Apt. HE-2540. UNGALOW PARK - 2 N. Capieolt 2 Xooms; heat and service furnished. J En "H. CLARK. Agency. LI-5596

Beautiful Front Apt., $50 One bedroom, com letely redecorated. 3510 N. Meridian

1 BEDROOM $40

First-class condition. ' 4001 E. Wash.

TO PRO

extend to you the facilities of or trustee as you may direct.

THE UNION TR

2 vellow, shelled

rn te, shelled, 57

A DUTY... WELL DONE VIDE SECURITY FOR HIS HEIRS

A thoughtful man makes a will prepared by his attorney. . We $his Trust Company as executor

Capital and Surplus $3,000,000.00

UST COMPANY

AT JEGRANDE APTS., 1435 E. LeGrande, Perey ant doe nem es; JaTRG Bs and together quite attractive. Better see Za

Furn. Houses—Apts. | 18A pasd: homelike

tei

Newly decorated: Jgood heat. Li:

i 149. : - Ruraitoss, Pelgideire, good hes ot utilities

Nn ed, 52¢: No. c; No. 2 White oats, 34c

Member Federal Deposit Insurance Corporation

py as

Furn. Houses—Apts. 18A

OM house: lights, gas paid. $7. Inquire 158 Ne E P

FIVE-RO Adults. w York. modern, nisely furnished;

IX-ROOM lights, gas; adults; $9. 719 E. New York. Houses for Rent 19

furnished, large

: ,* 2337—Well COLLEGE, * 2 ° entrance, utilities.

efficiency, private Adults, reasonable.

DEARBORN, N., 2414—3 rooms, bath; private entrance, utilities garage: homelike; privileges. CH-6742-R. ENWOOD, 2235-3 rooms, kitchenette, ol apartment; utilities; excellent heat; $8.50. RI-2234.

te whan

1214 W. 34TH—Four rooms nicely furnished. Water pai

d. DODSON, 3328 Clifton. TA-4743. $ RMS., well furn. aot., all util, $7.50 WK. 610 E. 9th. C. A. HUFF. LI-7221. LEXINGTON. 1914-820; 5-room semimodern. 130 E. New Yor! : 390 1330 NAOMI—6 rms., inside toilet, garage, $18.00. THE C. W. HENRY 6. 21 LEMCKE. RI-4661. | PENNSYLVANIA, 5004 N.—5-room cottage,

modern, reconditioned, A-1 furnace, garage. HU-46717.

5—6

inside toilet;

Rooms, AG MA-2384,

ST. PETER, 425—§ $12.50. SEXTON CY, TALBOTT AT 21ST. 117 E.—Six-room

MCDERN

31 N. (Dolton; 7 rooms; garage; &in-

gle; .00. 2041 Carrollton; 8 rooms; single; $25. 2852 Winitops 6 rooms; double; water Re $25.00. 250 N. Tacoma; 7 rooms; single; garage; $25.00, a E. 20th; 6 rooms; single; garage;

1455 N. Drive Brookside Pkwy.; § rooms; double; water paid; $25.00. 11s Udell; 6 rooms; double; garage;

1435 Guilford; 6 rooms; upper due plex; water paid; $18.00.

SEMI-MODERN 1047 Carrollton; 5 rooms; single;

oy W. 41st; 5 rooms; single; shed; 1330 W. 26th; 5 rooms; single; $17.50. ‘55 8. Tuxedo; 5 rooms; double; water paid; shed; $18.00. 270 Leeds; 5 rooms; single; $17.50. 325 N. Keystone; 5 rooms; double;

17.50. 1159 Holliday; 85 rooms; single; garage; .00. : 1 2 N. Noble; 8 rooms; single; shed; 637 English; § rooms; double; garage: water paid; .00. 5 Union: 4 rooms; double; shed;

‘2147 N. Temple; 3 rhoms; double; water paid; garage; $12.50.

LI-8401 44 Virginia Ave.

modein double; $25.25. Water paid.

TA-1074 TEMPLE, . 262 — Seven-room modern; water paid; $25.

. N. newly papered: garage; RI-8363, TA-1104 508 inland Bla 1 UNION, 922—6-Rm. modern double, $26.25. Water paid. 0. L, Starks Realty Co..

brick veneer double, thoroughly modern, venetian shades, social room, full basement, air conditioned furnace. appointment. IR-7067. Sk Or dwiad Boore Boer garage qoouble, Tr = 4 - o _HU-4366. 28 024 Harrison, 6 rooms eesesses.$20 2930 Allen Ave., 5-rm. PETA Th 1414 Deloss TOOMS. eo .aues oo 12.00 1728 Olive, 4 room «« 12.50

9 8. Pine, § rooms JENNINGS BROS. LI NEAR ST. PHILTP’S

2022 E. Michigan—5-rm. mod. dble. and

rage, nice cond... $25. TTY RENTALS, INC. RI-2368.

MODERN furnished,’ unfurnished dwellhas and apartments. Utilities included. Milton Newhouse, klandon, Phone 31.

; bath. mod., single 234 N. Oakland. C. Ar HUFF, L129,

Ee i-mod.. water paid ...,..... $15 Tobi Gent Ave. O. a. HUPE, 1.1-7221. semismod., water paid Daly’ St. C._ A. HUFF,

910°

10TH, 6026—28_ E.—New S-room’ to-side|’

$13.50; WATER PAID, 835 E. Maryland, 6room semi-modern, Jrage. MISS WIEBKE, RI-9513, RI-1862. STONE—4+

20; water paid; 245 N. $ Tom : one: bath, ar M WIEBKE, RI-9512, RI-1862. 25: 816 E. 23D.—Modern 6-room double; farduosd floors, new sink, good furnace.

$30—3300 W.—Cozy mod. S-rm. bung., gar., rs Others. *) WHITE, HE-4468,

32,50—Just completed, new brick veneer Hoae-pedroom double, 2863 Brookside Ave.

ALABAMA, 2615 N,—Modern single, 8 rms., & d condition; also has garage, $40 5 £. CRUSE REALTY CO. __ RI-6412. sev Tun] moll lo ne con on, I hy v GEORGE. STEWART. 506 Inland Bldg. RI-3862 ern

SOLLEGE, 2045—i- dern double, ER ND ALY: Tri DAWSON, 811—5-Room upper duplex, heat, water; 535. Adults EL a0. : G . 1069 — 5-Room mode ouble, garage. water paid: $20. a Bey double;

RAY ST... 556 N.—Bungalow, modern. Adults only.

i Aprsy 1005 | N. Pennsylvania, Apt. 210. after 6 p. m. Fis HOON AVE itm AVE dm. bois

, $12.50, C. Eon, et