Indianapolis Times, Indianapolis, Marion County, 30 January 1940 — Page 13
TUES J AY, JAN. 30, 1040
John T. Fiynn
RK, Jan, 30.—Once upon e was a large trust com-
1905. Some financial that for epery hundred dollars of deposits in| the company there was only a dollar and a half in actual cash in i vaults. He promptly tell upon his typewriter and wrote | a scathing criticism of the New York trust companies which were) sucli” skinny cash re-
Some days later a very important banker—one of those terribly important persons found around Wall Street—majde a reply at a luncheon to the financial writer. He didn’t of course mention him by name. He merely referred to him as a “certain journalist pundit” who was always is betters. And the great banker spoke with unmixed scorn of the old-fashioned “stupid fetish of cash reserves.” - Well, two years later that bank was on the rocks. The panic of 1907 revived the old-fashioned feeling about ‘cash reserves” in a bank. But now that great banwer should See some and some [smaller banks, too. This
is all inspired by looking through! statements;
some of the banking which are| published every month. ” ” ” - HERE IS A SMALL BANK down fin Miami Beach. If has, I observe by its statement, $16,704,000 in deposits. If it was one cf those old
New York trust companies, it would
have about $250,000 in cash. Instead, it has $6,263,000. But most of its deposits are invested in various United States and local kinds. In other words, of the $16,704,000 in deposits, $15,492,000 is either in cash - or Federal and local bonds instantly convertible into cash. Thus the banks have gone completely to the other extreme. Now a banker might well talk about the “stupid fetish of private loans.” What is a bank for—to lend money to the United States Government or to private business? If it is to lend to private business, then what is the matter in this town? out of every $17 in deposits, $15 is loaned to the Government and only $1.50 to private business. tJ » ”
ONE THING 1S CERTAIN-—this . bank is safe. If all its depositors called for their money tomorrow, the bank could pay out every dollar. But a bank must be something more than safe. It must be a bank—an institution which makes credit available to the community. This bank certainly has .the resources to give credit. It does not do so. Why? Ask the banker ahd he will tell you. wants to borrow. Ask the people in Washington and they will tell you. Because the banks are sitting on their money. As a matter of fact, the banker is
telling the truth this tune nobody aod u
why ‘is it nobody wants to borrow? |,
with credit wants to borrow.
The man who answers that question will have the key to the ending of the depression and the return of prosperity. That is the great key |C question of the country today.
I selected a little bank for this|Mixed
purpose. and in all sorts of ‘towns—big and
little—can be found telling the same story. It has been so for eight years. Who knows how to stop it?
WHEAT PRICES DIP; CORN HOLDS STEADY
CHICAGO, Jan. 30 (U. P)— wheat dipped about 12 cent in early
w York City. It was, to]
g at its statement, saw ||
f our New York banks!
Because nobody | 2
But banks everywhere |Good
£ 4
THE INDIANAPOLIS TIMES
PAGE 13
CASE PLUNGES $5; UNSETTLES STOCK MARKET
Earnings Reported; Trade Slack.
y UNITED PRESS A $5 brat in J. I. Case unsettled
the New York stock market today after early irregularity. Prices ‘turned down without much increase lin volume.
$2 at $69. The sharp drop was tracked to the company’s 17 per cent drop. in sales volume in its fiscal year ended Oct. 31, 1939. Earnings fell 85 per cent in the period and its showing was the poorest since 1934. Other farm implement shares weakened. International Harvester declined to $55.12, off $1.12%. Mail order issues, which usually follow the trend of farm stocks, were off fractionally. Pivotal shares softened. Steels, with only small losses, made a _better showing than others. Chrysler was down $1 at $81.87'%2. Du Pont was down nearly $2 and losses of $1 and more were noted in Allied Chemical and Douglas Aircraft. Fractional recession were noted in rails, oils and utilities. Coppers were about steady.
PORKERS FALL 10 GENTS HERE
Top Price Slumps to $5.90 As 8000 Arrive at Stockyards.
Hog prices dropped 10 cents at the Union Stockyards here today, according to the Agticuijural Marketing Service. The: sluinp was general’ throughout all weights. Top prices quoted fell to $5.90 on the 200 to 210-pound division. Vealers were steady with a $12.50 top. Fat lamb prices were about steady.
33 Tossa
S30 1193 30 i 5.90 Barrows and Oils good Packin Sows
Tan, Repis, sl12 5 so Repts. “en 9 o 6.00
5 se
4.55- 4.70
4.40- 4.65 4.30- 4.50
0) 250- 500... 4.00- 4.60 540 Slaughter Pigs Medium and Good— 5.00 5.650 90- 120.. Slaughter Cattle & Vealers® (Recethis, 1948)
Steers Choice— 750- 900 $10.75-11.50} 900-1100. 10.75-11. i 1100-1300. 10.00-11.25!Good 6.75- 7.00 1300-1500. 10.00-11.00{ Moatum ws 6.00- 6.75 iCutter and 9.00-10.50| ‘common 5.00- 6.25 ; Vealers
| Bulls Dangs , ext estlded)
od and 0. "11.50- i2. 50
1100- 1300. mmon—
750- 1100. Cattle, Calves
oe Steers 483)
5 Steers, Heifers Choice— 500-. 800.
9.75-11.00| 800-1950.
oir" 9B coua
1500-800. 0.50-10.75/, 800; 1050" 8.25- 9. sol S00-1000. . 750- 8.75) **Caives (steers) we 500- 00 6 50 55% down 5: 9. 35-1 11.00
iu Good ... o-~ €.00- 6. 75 Medium down 8.00- 9 Medium... 5.50- 6 oY Calves (heifers) Cutter and 004— common . 4.50- 5. 501 0 Gown 8.75- 9.75 Cutter (low IMediu cutter)... 4.00- 4.50| 500 Gown 7.50- 8.75
£00- 750. .90- 9.18 | Bu
8.00- 9.00 7 75- 8. BC
500- 9%.
‘Choice | 750- 500.
ood— 750~ 500. Mediu S00. £ “S00 Com
Company's Drop “in Sales, |
Case fell to $66 after opening off
4.15- 4.35 med Ch
3.75- 4.65 | Am
7.00- 8.00|C Ca
25 39 Col Broadcast A 2, Col Gas
{a pw wi
Railroads i in Indiana Increase Repair Budgets
Times Photo. At the Beech Grove, Ind., shops of the New York Central an “H-10” locomotive is stripped to its shell in preparation for pecondiiéning, This year an estimated $80,000,000 is expected to be spent in Indiana
No. FREIGHT LOADS REFLECT TREND
Your F : ord Income Tax
Failure to Receive Form Does Not Relieve Taxpayer of Obligation to Government.
n » Form for Making Returns ‘
Forms for filing returns of income for 1939 have been sent to persons who filed returns last year. Failure to receive a form, however, does not relieve a taxpayer of his obligation to file his return and pay the tax on time—on or before March 15 if the return is ‘made on the calendar-year basis, as is the case with most individuals. Forms may be obtained upon request, written .or
personal, from the offices of collectors and from deputy
collectors of internal revenue in the larger cities: and towns. A person whose net income for 1939 was derived from salary, wages, “dividends, interest and annuities and was not in excess of $5000 should make his return on Form 1040 A. A persons whose net income was in excess of $5000 or, regardless of amount, was derived from a business, profession, rents, or sale of property, is required to use Form 1040. Failure to use the proper forms presents difficulties to both the taxpayer and the Bureau of Internal Revenue. Therefore, it is emphasized that a taxpayer who is liable for a return and is engaged in a business or profession is required to us Form 1040. The return must be filed with the collector of internal revenue for the district in which the taxpayer has his legal residence or principal place of business on or before midnight of March 15, 1940. The tax may be paid in full at the time of filing the return or in four equal installments, due on or before March 15, June 15, September 15 and December 15.
N.Y pe
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
» 8 » »
Employment in May Rise to 40,000, Association Says.
| the end of the year.
$46,000,000 in 1938.
35,000 at the end of the year.
1937 level,” the association says.
Net Last Change So , | Yesterday 17294 /, | Week Ago . i327 s| Month Ago .... Year Ago 2.20 High (1939-40), 155.92; Low, 121.44. High (1938), 158.41; Low, 08.95.
, 20 RAILROADS
a Yesterday 4 | Week ARO ...coveens 2 Month Ago 32.28 Year Ago 29.74 High (1939-40), 35.90; Low, 24.14. High (1938), 33.98; Low, 19.00.
15 UTILITIES
+0.36
Am Asrimes .. 3 8 +1.19 Am & F P J of 24 Am-Haw . 32%
ported,
List Improvements
Am Am Am Am T Am Tob
30.69 30.26
sisserceanne sssses
according to the association.
Am estan tanr m conta Atchison pf ..
LIE +e
4 4 £ A
ing freight cars.
24.95 25.00
A Yesterday Week Ago s | Month Ago 25.90 Year Ago ...... Case vaiesens 23.40 High (1939-40). 27.10; Low, 20.71. High (1938), 25.19; Low, 15.14.
7
Stee oth Steel 7 pf.118% eth Svesl 5 pf. E34
3oein he org. ar Ine 28 Ya
bl +
entire train.
#
Indiana shops by one railroad.
:
Net High Low Last Change 1% 54s 54% 55 55
—f 72% 12 243, 29
Int P&P pf ....
Int R C Am pf. , | rate of eight a day.
Johns-Man ....
a fe e JI , | Kresge SS 24%, Caterpillaf T . Kroger G&B .. 29 Cent Foundry a Ches & Ohio.. Chrysler 82%
8 eer Lockheed Airerft 307% 30% Cluetf, Peab 2 233
4 /a Lorillard 24% 24% —M 29 gt 15% 383%
000 um. as . i & So. Comwlth Edison af Cons Edison
va Install Signals
acy H Man Ry mod Martin (Glenn) Mayta
Industry
If freight trains passing through Indiana continue to grow longer and more heavily loaded, as they have
{so far this year, $14,000,000 more than usual may be spent and 5000 more persons hired in the state by
The Associated Railways of Indiana, which represents the interest of the various railroads in the state, estimates that $80,000,000 will be spent for buying equipment, supplies and fuel in Indiana as compared with $66,000,000 last year and
In 1937 railroads employed in Indiana more than 40,000 persons. This declined to 30,000 at the beginning of 1939, and rose to nearly “If the hopes of railroad men are fulfilled, the numbers of ‘employees will climb back in 1940 at least to the
In 1937 there were 7686 railroad employees in Marion County drawing wages totaling $13,412,056, according to the association's survey. “Indiana’s position as a merchant to the railroad industry is accounted for in large part by the fact that the state is a leading producer of both coal and steel, raw materials which are the backbone of the railroad industry,” the association re-
Four railroads operate 60 per cent 06 of the railroad mileage in Indiana, -One spent $388,000 in Indiana in the last four: months of 1939 for reconditionThere were 2000 freight cars and 296 passenger cars reconditioned last year, in addition to the building in the state of an
Twenty-five locomotives a month are put through heavy repairs in
Freight cars are reconditioned in Indiana shops of another at the
The association reports improve. s ments “already in sight” including renewal of two large bridges, installation of new interlocking plant, 5 improvement of signals and ‘laying «| Of 15 miles of new rail costing $492,-
One railroad has 18,000 tons of
FLETCHER BANK SELLS BONDS IN DEBT REFUNDING
Total Approved by FCA Authorities.
Fletcher Joint Stock Land Bank directors have announced the sale of $1,500,000 of short-term refunding bonds carrying coupon rates of % of 1 per cent and 1 per cent. William B. Schiltges, the bank’s president, announced that the Farm |Credit Administration has approved $400,000 of the refunding program ard said that the remaining operation would be completed as rapidly as Washington authorities give their approval. H. Foster Clippinger, Fletcher Trust Co. vice president in charge of its bond department, said that a large over-subscription has been received for the entire refunding. Mr. Clippinger said the low interest rates of the bonds to be substituted for the higher yields “are in line with the various other shortterm quality credits. A strong investment demand for high-grade: securities of that type in many Indiana cities ‘and investment centers of the country was found,” he added.
Approve Utility Sale Sale of all operating properties of the Indiana Natural Gas & Oil Co., of Kokomo, to the Northern In-
diana Public Service Co. for $750,000 was approved today by the Public Service Commission. Most of the properties, consisting of pipe lines, have been operated by the purchasing company under a lease since 1936. The petition asking authority to sell the properties stated that the lines “normally are a part of the system” operated by the Northern Indiana Public Service Commission.
New Course Announced
A new course, “Introduction of Business,” will be offered next semester at Indiana University Extension Division here, conducted. by Richard C. Murray, assistant to the business school dean. Finance, management, marketing, personnel administration, records and accounts, prices and price policies, credits and collections and internation trade are included in the survey course. Mr. Murray will be in charge of the Feb. 6 class. Fred T. Greene, president of the Federal Home Loan Bank of Indianapolis, will give the first lecture Feb. 13 on “Launching the Enterprise.” Other lecturers will include John F. Mee, Indiana University placement manager and assistant professor of management; Thomas R. Hutson, commissioner of labor in the State Labor Division; Dwight Peterson, of the City Securities Corp. here.
Receipts Needed
Peter J. Van Geyt, Social Security Board field office manager here, today reminded employers that they are now required to give their employees receipts for money taken out of their wages for old-age and survivors insurance taxes. The new requirement went into effect the first of the year, he said. Mr. Van Geyt said the receipts must show the amount of tax deducted, name of employer and employee, period of time covered and total amount of wages paid the employee during the period. Receipts must be furnished at least once a year, he added. -
$400,000 of $1, 500,000
TONIGHT
7:30—Horace Heidt, WIRE. 7:30—Information Please, WLS. - 8:00—We, the People, WFBM. 9:00—Bob Hope, WIRE. 9:00—Glenn Miller, WFBM. 10:15—Pres. Roosevelt, WIRE.
Network broadcasters will have a busy time tonight making split-sec-ond connections to cover the nation's celebration of the.President’s birthday celebrations. WIRE will be on the air with the ceremonies for the hour beginning at 10:15 p. m. Only a half-hour is available on CBS-WFBM, beginning at 10:30 p. m. Tonight, of course, climaxes the annual drive against infantile paralysis, which ends its campaign on the President’s birthday. Radio has been. especially active in this year’s health crusade. And tonight it will bring you music and addtesses from Boston, New York, Chicago, Omaha, Oklahoma City, Portland, Ore., and Hollywood, as well as the President’s address ‘from Washington. . * President Roosevelt is expected to acknowledge the nation’s greetings to him on his 58th birthday at approximately 10:32 p. m. and will speak for about seven minutes. He will be introduced by Basil O’Connor, president of the National Foundation for Infantile Paralysis. Other speakers during the ABCWIRE hour will be Keith Morgan, national president of the Committee for Celebration of the President’s Birthday: George V. Riley, Greater New York Committee chair- » ”
# " RADIO TUESDAY EVENING
(The Indianapolis Times is not responsible for inaccuracies in program announce ments caused by station changes after press time.)
ON THE RADIO
man, and E. Frederick Millet, chair man of the Radio Committee. There will be music by the .orchestras of Isham Jones, Al Dona=hue, Kay Kyser, Pinky Tomlin and Bonnie Spencer; a radio sketch by the t of “One Man’s. Family,” and a |pickup. from an ice tournament Omaha,
s s J
Edward G. Robinson will broadcast his “Big Town” episode from Washington tonight at 17, CBSWFBM, inasmuch as he was to. be a luncheon guest today of the President and Mrs. Roosevelt. Logically enough, tonight’s chapter in the serial drama will be called “March of Dimes,” with a plea for funds in the infantile paralysis crusade combined with the usual dramatization,
” tJ ”
Tonight's guests include Archibald MacLeish, Congressional Librarian and noted poet, on NBCWENR'’s “Meet Mr. Weeks” at 8:30 p. m. . . . John Beal of Hollywood on the “Cavalcade of America” show, same network a half-hour earlier. . %. He'll play the role of Thomas Jefferson, . . Russell Crouse,
co-author of Broadway's current. hit, “Life With Father,” with Prof. Thomas V. Smith, University of Chicago pedagog and Illinois congressman, on “Information Please,” NBC-WENR, 7:30 p. m. . « . Nunnally Johnson, the writer; Jane Darwell, film actress, A and Monroe Silver on “We, the People,” CBS-WFBM at 8 o'clock.
INDIANAPOLIS WFBM 1230 (CBS Net.) Norris
Kathleen | Girl Alone
Midstream Dick Reed O’Neills .Spelling Ree
d Scattergood
Billy & dettv Satety Program H. V. Kaltenborn European
New: Yomie Fidler Second Husband
News Allen Prescott Pleasure Time vsterv Treasure Hunt Dick Reed
INDIANAPOLIS WIRE 1400 (NBC-MBS)
CINCINNATI (NBC-MBS)
Kitty Keene Midstream “Jack Armstrong | Invitation
News Baker and Denfon Once Upon Time Lowell Thomas
Pleasure Time News °
Melody firove Inside Sports
Ww SHICAGO (NBC Net.) Radio Neighbors
Anthonv Betty Barrett
Junior Theater Paul Carnival
870
Bad Barton Tom Mis
Easv Aces Lost Persons
ews Unannounced
Biz, Town
Missing Heirs Heidt’s Or. ”» ” ” ”
deren? | ADDN | TTR | finde
Johnny Presents
Aldrich [Family Information Pizase Heidt’s Or. ” ” ” ”
Johnny Presents
We, the People
Tony & an
Fibber McGee Rhythm ” eo
legng| anne an £3031 5353
Crummitt, Sand. ” ”
America Cavalcade Crummit, Sand, Mr. Weeks Fibber McGee ” »” ”» ”
Glenn Miller
r Bob Hope Hoosier Talent ” ”
Doghouse ” ”»
3 = und
Singing Cop Amey and Andy
Birthday
- eo
Birthday
”» oe!
New! Pres,
dh
Pres.
Concert 10 welock Final
Boh Hope ”» » Doghouse
. Birthday
Peter Grant
=| os | Spr
Recordings Orin Tucker
”
Paul Sullivan Armstrong’s Or. Herbeck's
Art Kassel Savitt’s or.
Jimmy James Moon River ” ”
INDIANAPOLIS WFBM 123
(CBS Net.)
Early Birds Dawn Patrol
Markets Dawn Patrol
Basonol
gy News 5
WEDNESDAY PROGRAMS INDIANAPOLIS WIRE 1400 (NBC-MBS)
INDIANAPOLIS CINCINNATI * WIBC 1050 WLW 1700 - fhe MBS) Mornin 1 Mornin seare Time to Shine Ne
Gospel Singer 0S Late Bele
Devotional Musketeers
Breakfast Jam ” ”»
”» ”
City ' Today
Freddie Miller in Air, Kitchen
Good Morning Ensemble Miss Julia
Editor's Daughter
Caravan Yulia Blake Cotton Queen
News Good Morning Footlights Devotional
Kitty Kelly Myrt and Marge Hillton Stepmuther
Other Plain
Man | —attied
ane Woman in White
» | Married othe ie
Lite White House
Melody ne
lh ms Master Singers
3| 8853 2853 ass al
David Harum Against Storm
[oy oo | voow|xmwn
———— fk a -——— 222 - fire Hu mal id GE
Short Story
- Big Siste Jenny's Ste Stories
Kate Smith Girl Marries Farm Circle
Singin’ Sam Dr. Malone
Linda's Love
— — in or
Keller Bros.
Je 2 2
Farm Hou Markets, Reporter| Headlines
Betty &
Ne itty Keene oon Tunes ~ Lanny Ross Joyce Jordan Wheeler Mission My Son & 1
Society Girl Road Builders Air, ,School
SEE Sw
Valiant Lady Betty Crocker
Mary Marlin Ma Perkins Pooper Young Vie Sade
ella Dallas
i mi Bins BnoS|BEnD RE 5858 5303 5a PF
its Wirses Presents Smilin’ Kd
Kathleen Norris Golden Stor
| =
Girl Alone
Midstream Hollywood Dick Reed Scattergood ONeills
bry EH
Jn on
Guiding Light Woman of Courage
r Weather
Bob Gr imm’ s Daughter 2
Thee quarter Time Ei Wife & Bits Stell
Lorenzo Jones Widder Brown
Linda’s Love oad of Le Asainst St. Spm Guiding
Happiness Unannouneced Farm
Friendly , House
Publie Schools Variet!
SE
Rhythmakers . Boy and Girl
Hour
"» ”
llen Randolp ditor’'s Daughter Peter Grant
Betty and Bob Grimm's Daughter Valiant Lady Betty Crocker
Mary Marlin Ha Perkins epper Young Vic & Sade
Backstage Wife Stella Dallas Miss Julia Beautiful * Life
Kitty Keene Midstream Jack Armstrong String Serenade
Ranch Boys Home Folks Bill Jon Di ‘Sutton
adits “Bros.
Haven of Rest
Piano Moods Safety Program Concert Hour
3 o’clock Club
1 Today's “Music Streamlined “Swing Blues Chasers
Serenade Silent
Cons Edison nf. 10s 10733 fons il 35 224
231 3574 647 10%
KEY NETWORK STATIONS (Subject to change): CBS—WABC, 860; WIR, 750; WHAS, 820; KMOX, 1030; WBBM, 770. NBC-BLUE -WJZ, 760; 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.
new rail to be insfalled in a program calling for expenditure this pe year of $1,500,000 for materials and one million dollars in wages for 1000 men. New signals are being installed si east of Logansport and near Terre Haute .costing $400,000. Track is being laid at Decatur, Anderson and Terre Haute costing $85,000. Water supply facilities at Indianapolis and Terre Haute are being improved at a cost of $40,000. One railroad alone is now spending in Indiana $3,700,000 in addition to its regular maintenance program, the association reports. “Railroad men are proud that » | last year they handled, without serious delay or car shortage, the sharpest increase in car loadings in history—a gain of 25 per cent from August to October,” ihe association said. “Now they are preparing for future demands.”
FOOD PRICES
CHICAGO, Jan. 30 (U. P.).—Ap Michigan Mackintosh, bu i 30. Sweet Potatoes—Tennessee, bu, Celery—Michigan, Srates, 75, ¢ matoes—Texas lugs, .60 — Texas, bu., Si56ats California, crates, 35@1 California, crates, ' $2. ( . sacks) — Michigan Idaho Sweet Spanish, 80c; s a | $1.15; Colorado Sweet Spanish . consin Yellows, 75¢c.
Frain Dealers Mutual
FIRE — CASUALTY AUTOMOBILE INLAND MARINE
INSURANCE at substantial savings
Adams Named
Tom D. Adams, Seville restaurant manager, is program chairman for the seventh annual convention and trade exposition of the Indiana State Restaurant Association at Hotel Antlers, April 15-17. 1. A. Pendrick and Mr. Adams are co-chairmen of the general arrangements committee. Carl. Gartner of Shelbyville is reception ¢committee chairman; Martin Shane, Indianapolis, entertainment; Wade Fleming, Lawrenceburg, registration; Howard Deputy, Indianapolis, finance; and E. E. Keller, Indianapolis, publicity.
SHEEP AND LAMBS (Receipts, 1696) i
Lambs Good and choice Medium and good Common
dealings on the Chicago Board of Trade today. Corn held steady. : At the end of the first hour wheat was off 33 to 3 cent with the May future at 9622 cents a bushel. Corn was unchanged to off sz cent, oats unchanged, and rye off 3: to 3 cent. Soy beans were 2 cent lower.
~ FOREIGN EXCHANGE
YORK, Jan. 30 (U. P.).—Following are noon cable . rencies:
England (pound) Canada (dolla
Merch in Midland Stl of. 114 Minn-Moline ... 3% Mont W .
$ 9.00- 9.35 8.25- 8.75
“Wr ei Ewes (on shorn basis) Curtiss Good and -choice . Common and medium FI
3 - —N— Nat Aviation... 13 t D . 16
A : 27% 22% .153%2 153%2 8 181 138 Va 123% 117 116% ie
30%
3.50- 4.50 250- 3.50
CHICAGO LIVESTOCK
— Receipts, 23,000; fairly active; 10 3 cents lower; t y
Dome Mines ... Dow. Chem ... Du Pont Du Pont of . Duqgues L pt.
YOUR REAL ESTATE
Ho Pasitie 0— The facilities of our Real Estate Department are for your use. 17%
; Otis Elev Steel 1074 10%, en Tl Glass 63 63 —P Pasig 142, 4337s
East Air Lines .
=r ped S| Elec Pwr&Lt .
rates on major _curCab Net 320
303% 6Ya dT 7% 8 1 2155 tw Tr in Grant Greyhound Cp. 16% 16% wif 35
Let us explain the many ways in which we can serve you.
THE UNION TRUST COMPANY
Capital and Surplus $3,000,000.00
Me
Gen Baking ee 48%
10 $4.75 : 10%
.| Cattle—Receipts, 5500; calves, eral market slow; steers and yearlings, mostly steady with moderate ~ holdover Holland (guilder) from Monday enlarging today’s fresh reSweden (krona) . |ceipts; killing quality less desirable; main-
NOrway (Krone) ...... . voseh ni ] 1 Denmark (krone) ..... . > | Hack Wat pf A 35% ~ Japan .(yen)
LOCAL PRODUCE
Heavy breed hens, 5 Ibs. and over, 12¢, under 5 lbs., 10c; Leghorn hens, 7c: Barred - and White Rock roasters, 4 lbs. and over, 12¢, under 4 lbs. 9c; colorod roasters, 4 ibs. and over, 10c, under 4 lbs., 9c: heavy breed stags, 7c; Leghorn stags, 6c; Leghorn broilers, 2 lbs. and over, 9¢; capons, 9 lbs. and over, 18c, 8 lbs. and over, lc. No. 1 strictly fresh country-run e 20c: (each full case must weigh 55 Be gross; a net deduction of l4c for each full ~ case ander 35 Ibs. will be made). Butter— Y. Bose No. 2, 33%2@ * 3c; bttertat, No. 1, 30c; No. 2, 29c. (Prices Aimy by Wadley Co.)
Report of the condition of the
SOUTH PARK SAVING AND LOAN ASSOCIATION
. of Indianapolis, Marion County, ~ Indiana, at the close of business on ~ December 31, 1939.
RESOURCES
First mortgage loans Real estate owned (exclusive of office bldg.)..... 20,981.84 Insurance and taxes advanced Cash on hand and in banks Furniture and fixtures ....
LIABILITIES
Repurchasable or free shares Installment shares $29,659.08 Full-paid shares 14,200.00 Mortgage pledged shares.. 6,966.94 Borrowed money ......... 2,000.00 Contingent fund ......... 7,750.00 : Undivided profits ........ 6,434.10
y (lira) 1200; gen- G Belgium 1ga) Switzerland
3 7
5% | 10% . 36% 12%
Curb Stocks
High
5% 10% 36% 12%
Insshs cts Md. Interlake Ir. Int ee nt
ward; sprinkling, [email protected]; oy at “Toso averages, $10.50; early top, $11 on 1350-10. averages; load” choice to prime offerings held around $12: heifers, Sheady cows, slow, dull; bulls fairly active, strong; choice vealers strong, others weak; best light heifers, $9.50; - top mainly $1. 50@9; weighty sausage Dats up to $7.25 paid §uher Lreely: Selected Nealers to si Bulk, Fp hedivm Ii nds down to $7.50 and belo g Sheen Ris, 5000; lambs weak 5 off; top, $
to strong;
Net Last Change 34Yy 4 Ya 15% — Ys 65% . % 2% Va 1% 1235 12% 110%
Low 333% 15% 6% a 2% TYa 13, 12% 12% 110% 15%
Reo Mot Reb a Pf pt. a
Ri T! 40% Richfield Oil .
TA Roan Ante} ... it 4h
late Monday fat
Ya ‘ —S— Ya Safeway 7 pf. «113%, Sears Roebuck. . 83% Shell Un Oil ... 11
Socony Vacuum 1% So Cal Ed An
good i $5; few natives, [email protected] today’s trade fat lambs slow, LL 1A no early sales; undertone around steady on all classes; now talking [email protected] on £0 to choice wooled lambs; orely top, 9.15; choise Western slaughter ewes h d Cc Col 0&G
above "$5.2 OTHER LIVESTOCK Gom & So wts. 1- 16
CINCINNATI, Jan. 30 (U., P.).—Hogs— Salable, 3000; opened slow; weights a 160 Ibs. i lower, lighter weights 15¢ 25¢c lower: top, $6; . 220-240 . 45. 1505. 90; 100-140 1bs., [email protected]; most sows $4 dow:
wn. | Cattle—Salable, 500; calves, 350; slow; | Z00d grade Slesis and heifers Shout Steady: and medium offerings stea 0 $44,00000 35 lower: fat beef tows dull, barel steady; canners and cutters unchanged: sausage bulls in limited gemand stead: weak: odd
Hs
ia 59%, “a3
sO
Texas hs Third A Ry. 23, ies a 22% : Trans West Air 14% Hn 20 . 86% . 473%
hns ... folybdenum see Nat Contr NJ Zinc
Un Pac of .... Pw On Aircraft . Niag H P 1 of. U hitke Ohis Qil i 7.75 + prsctical pas ge 6 Dp top vealers, $13; b 53 3 Ey Sete 5| brit 1,863.28 z | “ : good and choice, $ E a eep—Salable, 700: steady; around 600 150.001 neag good to choice 76-85-Ib, fed Western |Un Gas _Cp pf: 08% lambs, $0. Io Jew head choice 70-1b. Wright Harg ... 6% ne I Ss 1 .. Lr 787s utchers, $9.50; common and : Vilson Se Coo.
FT. WAYNE, Jan. 30 Ch i ca g 0 S toc bs oolworth .
Ind., (U. P.).— 7rigley Hogs—10 cents lower; 200-220 ib Jos. $5.85 Low
15.00
4 | 88 A 2
2 101 101 93% USS 1% J S Steel Pie 9834 West Md 2
“ 17 6% oy Nest Union A .
. $67,010.12
: — 180-200 $5.50; Young Stl Dr... 233, 23% 2
1bs. 220-240 1Ibs., 0 1 % ’30; 260bs,, $4.85; 325 250- The. ori si, 350- Ea Re ds - > - S., $4.65; 14 2-330 ibs., $4.90 -140 1bs.,
1 $4.64; roughs, $4; stags, $3; calves, $12: lambs, $9 Febas
LAFAYETTE, Ind., Jan Market 10 cents lower; 140- 200 5s 2D: 450 32} hy poids: gat z Dr 1 G12: TonN . "5% Leath Co
Aviat & Tran 3% Cent & 8S W ut Pl pf. ‘11874 Cherry-Burrell: 12Y, Comwlth Edison Sons, Bs
"hele ong, a a. pre rest—arrive fit §
See Final Edition. of the Times for
00-250 1bs., $5. Se [email protected]; pigs, : dont calves, $1
See how little it costs—Pullman or Coach
.$67,010.12 THE FARTHER YOU GO —THE MORE YOU SAVE!
yt OT. or 8 4.50 State of Indiana, County of Mar-|@87
Lion Oil Ref . Mid West COID .cceoene
AL - No' west Bancp cr erele 11% L-EXPENSE M
ion, ss. We, the undersigned officers and directors of the South Park Saving and Loan .ssociation of Indianap-
DAILY PRICE INDEX NEW YORK, Jan. 30 (U. P).—|® Dun & Bradstreet’s daily weighted price index of 30 basic commodities
Stand Dred 16%
Sunstrd Meh Ed U. S. STATEMENT
Closing Stock Quotations and Over Late News
Ha. 3000
INDIANAPOLIS TO: COACHES NEW YORK $28.50
« (The rate per mile decreases with distance ) sme SAMPLE 60 - DAY ROUND TRIP FARES smumem PULLMANS?
332 20 *Rail fares in
roll as
ign travel in ne. low as $185 or orre CALIFORNIA United States ;
Exican TouRs_ — thrill. orby friendly land, Alf ail and water, $240, "nd Grand Cire
olis, Indiana, do solemnly swear that _ the above statement is true. JOHN W. EMHARDT, President CHRISTIAN J. EMHARDT, Secretary GEORGE F. DUDLEY, Director | WILLIAM J. DUDLEY, Director HENRY MUELLER, Director | . Subscribed to and sworn before _ me this 22th day of January, 1940. My commission expires De ember |; 3, 1942, |
WASHINGTON, D.C. 24.85 os In fe Tour of PITTSBURGH 1530 19.30 beer, beh
ST. LOUIS 10.70 13.10 charge) i Waukwhile savings in roundsip roll fares Ins n oll ‘man fares in upper berths — one-way rei Ride the famous “Spirit of St. Louis” of The Pennsylvania’s "Luxury Fleet!’
PENNSYLVANIA
compiled for United Press. (1930-32 average equals 100): Yesterday ........ ce0ueeei 11969 WEEE 880 ....ccoooeroeesrs. 120.38] MOnth ago cies ivnernssrsess 123.34 Expenses. Year ago ...... ve veesseso 105.45 Receipts 1939-40 high (Dec. 18) .... 124.19 Net Det 1939 low (July 24)
WAGON WHEAT
+ Jndiananol ain elevators are paying No. Jyied 3 heat 92¢, Subject to market a heir merits. |
¢ Coast to coast ; -
and back lagain ; i
WASHINGTON, Jan. 30 (U. P.).—Government expenses and receipts for the current fiscal year through Jan. 27, compared with a year an
Last Yea py 305. 89, 074.50 $5,176,386, 198. 31 008 112, 87. 3, i} ,487, 313 8
man char Aodthg
. atten ay
To i Purse and mee,
Rail!
RAILROAD
on on Everything! ] Diamonds, Watches Watches, Autos, Cameras, Clothing, Shotguns, Ete.
rote “The CHICAGO Store
Brokers — the State.