Indianapolis Times, Indianapolis, Marion County, 10 April 1940 — Page 19

Page PDF (14.42 MB)

Back to issue view

I. Age four d the

| ‘nearly 10 per cent over a year ago.

' wheat was % to 1 cent lower, May | Corn was inde- (Sl

C: .Cluett Peab st. ai 127,

118 SHORT-LIVED

- quarter billion-dollar company that ‘sales of $335,905,914 represented the

-a cent on the

Lt & Pwr Pw Shoe 0 |S Fo x

WED ESDAY, APRIL 10, 1940

STOCKS RECEDE: STEELS’ RALLY

i | | {

Bonds of . rway, Denmark

NEW ORK, April 10 (U. P)— Stocks turned lower in the main list in afternoon tradi ranged to more than a point with trading moderately active. -

A Steel shares, which had rallied

before noon, receded again. Béethlehem and U. 8: Steel showed losses of a point. Chrysler lost more than a point and General Motors a point. | Atchison’ (was down one.

Losses of a |point or more were| 4m

made by | International Nickel, Unjon Carbide, . Youngstow eet & Tube. Utilities held better than other groups. Coppers eased after a brief period of firmness.| Paper issues met profit-

taking and some descended to small | 4 ‘net losses.

Business news was | \avorstie. according [to market experts. Iron

ations tricity

Apparently arrested. Elecoutput| continued to hold

Dollar obligations f Norway and Denmark steadied precipito decline of yesterday.

STANDARD OIL EARNINGS GAIN

1939 Sales Nearly Eight Million Dollars More | Li in 1938. |

9 were nearly llars greater than rious yeAr and net earnings of $34,142,643 ompared to $27, TL, . 976 in 1938. President Edward G. Seubert told the 99,000 stockholders of the three-

largest | volume of sales for any year since 1930 and were in excess of the volume gain for the petroleum in-

its : receipts the company set aside 155 millions for aterials and transportation, nearly 40 millions for-operating expenses, 65 millions to employees, 3.7 for its annuity trust fund, ons for irect taxes and

depletion and amortization.

C Earnings were equal to $2.23 a

15,272,014| shares outstanding at the end of the year as compared with 1.82 a share the previous year,

WHEAT LOSES CENT

AS CORN ADVANCES &::

U. P)~—|&

CAGO, April 10 t prices moved off as much as hicago Board of

Whe

Trad today as

S. Rubber and|4

decline in steel oper-|4

eather and crop |S R

NE]

VV YOR

Abott Lab .....

Adams Mil ... ddressograph . \ir Reduc ..... i Jun cove leg ih §

. FP § CF E3750

aw a 1 Hi I

m Loc Mach&Fdy. Mach&Met. ews ...

m llowing their 4

Asso Dry Gds. . As Bey Gds 1 p

as Tack -... Aviation Corp..

Cal Packnig .. tajisfian Zine.

& H.. bell hush y

J Cateroiiar T.. Cela

Se Ce

an superceded bullish war Chi lds The market was two-sided Gity

Tr Ab the. close of the first hour,

$1.07 a bushel. pendently 3 to 3% cent higher, oats unchanged to off 3% cent, and 7% to-1% cents lower. Soy be were| off 3 to 5 cent.

Curb Stocks

High Low Last 5% | 5 5 .83[ 182%; 397% 37

Net

2 IRA acd

£92

BER

[ oS R® >

sees ee

Eppa

ave + Y try Ya 1s — Ya

«+

{42 - “ - = - - PF AF AS

| x Molybdenum Mt [City Cop! Nat Aut F Nat Bellas Hess

. * [ «ne

atl SU EU RE

NE EEE SE

. .

r++:

. . oe .

arg

| Chicago Stocks

ye Invstmnt cq.coqe.. Aviat’ 2: Bless. deli 44 HAE Bastian: Ble: E55 eseesslan J 3

speasiaee tler nt mw.

nso. nta

| _ High mour & Co I #3

1 £.0 1x1. ison

cssssbansssce

ubbe: silosg Sw 5 "Bd

noon Pr udon Pack eqceescces ickel Food «.qeesvese.

joovenane secss sae ot secomnnee

Intl cnenns ed Air Lines selene Steel Tr h Radio Prod eoiesivs king Pump ...

FOOD PRICES

CAGO, April 10 (U. P9.—Apple Jew York Mackintosh, no sales.= Potatoes—Tennessee hushels, $1.25@1. Celery—Florida crates, $1.40@3. 3 Mexican lugs, $4. 50

sess

change é

-_—

' ] 5 air Robt . ri Robt pf .. Camewsi Co ..

ca-Cola . olgate-P- PP... 1 & Aik - ol Fuel & Iron ol Broadcast A

1 Broadcast B olum Gas' ...

1 Gas pf A... "| Col Pictures pf Tr ... 54%

Com Inv m Solvents .. omwith & So

omw'h Edison.

~~ '% | Cons

Crown Zeller pf Crucible St ... Cu Sug ..

Copperweld st.

Davison Chem . Deere & Co ... re pf

Doshier D Cast. 2 Dome Mines ... Douglas Aire .. Dresser Mfg .. Dunhill

el... Erie 1 pf ..... Ex-cell-0 .....:

Fair Morse .... Fajardo Si

Fed M

rst N Strs .. lintkote

8 Foster Wheel . 50 Freept-Sulphur

r Wood Ind . ge Cont . aylord of n Am I

Baking ... Bronze ...

a- : 5.25. Spina¢ch— exss ‘bushels, 30 60c. po Sen Tel fornia crates,’ . Carr alicrates, $22593.50 A of

5, $1.78 (cold

irestone T ... 193 restone pf A.108

High Low

69% . 50

im "as

22 a8 ot

% 14 3s 251

f i 100

ese 3 Celanese pr Di: 1

a 3 24%, 24% 7 92 21 1534 ¥

1% 22 De

8 8 23% 23 273%

; 8% Du Pont ......189

1% 2Y2 28%,

47% . 26

a 44% . 20 18 37% 4% 17%

17%’ 5%

“@n Rae aa

Net Last Change

po fn POIBBII BRD GW de AD

0 aa ! =

! hd BIBI DD CI 14 DI ih SOW +t 8) bt

Ya = 112 Ya dees Ys

19% + 1 193 1 401 %

Il sce

83 15% I i 4" 4

218 Satevay 13

: Yesterday pa

: Yesterday

8 i, | Jewel eTa new. 50

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS . Yesterday <.....cccccevea... 150.31 Week AZO ..ccccooveasccccs. 149.65 ‘Month AZO .ccco.coceccesc.. 148.32 Year AO ...cccenvinecocase 126.15 High (1940), 152. 80; Low, 144.65. High (1939), 155.92; Low, 121.44. 20 RAILROADS

—0.98 +1.73 —0.05 +2.40

81.42 31.32

Week AZO ...ccccoevvsccncne Month AZO ....c..co0c0es0e. 30.67 Year Ago .......... vesresier 35.35 _ High (1940), 32.67; Low, 20.78. - High (1989). 35.90; Low, 24.14. 15 UTILITIES iSinsresehenyaervs 3538 Week AZO ccccccccssscccecss 20.68 Month AZO .ccocecoscscscsee 24.15 Year Ago ...cocceaense .=21.91 High (1940), 26.45; Low, 24.02. High (1939), 27.10; Low, 20.71.

of Low obel, Adolt, vee 2 , 3%

rew ..

oe aE ‘ 00d . VOU

1° 67% 3

Sy FTE EE HL +

Guant Sug \...

Hack Wat *e4e 33% Hall Print .. 17 H con 8% veoq\.3 oo M1 TY

€ .00132Va in 18% Hollander Ie Yen 13s Holly Sug .... 14%

Homestake

M Hecker Prod

.. 6 ..13-16 13- 16 ; foe 11 Central ..... 11% 1% oR 11 Cent bd eee 22Y4 22% [nd Ray 27 26% RS Tool. Rand’ 113 113 nspiratn Cop.. 153; 147% nter R T..... 3% 314 eee an 417 11%

13% 2} 2Yg 17812 57%

upp Motor

Agric 8 Basiness M.178%2 T8fvastes. . 5%

M 1 Nickel ve 333 % Nickel of. 129 1732 P & P ‘pf. . 63%a T & T . 37 7%

33 39, 19%

For.

cssce

Int T & T Intertype me 50 Johns Man .... 712% 171% —K— K CPL pfB. 120% , Kan C Sou “ 120% {aufmann DS. . 13% Kelsey Hayes A 14 Kelsey Hayes B Kennecott

14 Kimberly Clk.. 35% {inney § pf .. “+ 1 {resge 5s 1 sa + Yi t 3 3 —

Sresie DS... 28% + 34

Kr 1 Gorer ‘G&B .. el

Ys . 341,

32% 32 — 22% 2212... 1 ¥ 3% 3% 3% ... “al :: Sou Boe T 1 /8 &L 83% 8Y4 3, adie “+ Za 225%

: 442 .... 2 2 223, a 40 Bn 17

PANS

Lily Tul Cup.. Lima Lo 21% + LY 40 Ac 13 17%

45 g Bell, A... Lorillard | . Jorn, pf’ oe 24

EA ... 1

Lou & Nash ... 568%

Nash- K Nat Ac

IV eeeee

N a T% 4 {Newmont Mining 72%

New ort Ind .. Air Bfk...

& . NYJH&H pf ll. 13 N Shi . 20% Noblitt-Sparks - 3 No Amer No Amer 53, ‘pt 2a No Amer pf 58%, No Amer Avn.. 25% No Pacific ,.... 82 * al Sliver Farm Bq’ ath allt ver Farm. Otis Elev otis Ste 11% Outbd Srarise: .s 31 31 —P— 3

11%

Pac Am Fish... Pac Pac El Dacie Mills Packard 3% Pan Am Airway 2212 Panhandle . % Paramnt Pict .. TY Para Pic 2 pf.. 9 Parke Davis . 14 Ya oarker Bn Prf. 21% Vg

nney Penn Gl Bajds) 13 Penn RR Peoria & East. . p

Boor Ric Am A. Port Ric Am B. Press Stl Carr. . Procter & G Proct&G of . Public Serv

g pili163 Pullman ....... 26% Pure Oil ..... . 104

10 Ys Purity Bak .... 14% 4 —

dt = — ai 3 — ke 21) +1 30% + 1 3 5% Ya

Sesser ene ‘8% Raa Bool N.osse Radio- ee 1% Raybestos 2 Rayonier ...... Rayonier pf...

secon

ead Re nd Ren & Sarat. . Reo Mot vte.... ublic Stl ... Revere Cop .... 14 Reyn Met Reyn Sprin Reyn- Tob

Safeway

52Y, | Safeway : x

111% | —1115 |

Scnenie Dist... Schulte R Behulte |

sever

2! Penn

Hage a

21 apolis Bond

| Van Camp Milk pfd oo 3 . Van Camp Milk com ...

pared With a 4

%' Jebits 8

4 | England

a shelled, 59¢; No.

: Net Last Change Seabd Air L. Ye 1% Ye 86% 863; c Ya 13%" oi 12%. 12 Shell, Un pf... 107% 107% Silver King . 5% 53%

Sun Jas . ves ns 135% South R| 17% outh Ry pf... 28 Sperry Corp Lie 46 Spicer Mfg Spicer pf . Shiegel Inc Rise ot’

Sun il Sunshine Min .. 10 Superhtr .... 22% Superior > .e

Talcott J Talcott J Df.. Corp .. Texas Corp . Te G Sul..... Tex PCV hatcher hermoid hermoid pf . hird Av Ry.. hompson Pr..

Transamerica. . . Trs & yes Air 2 con ' uve 2% Trau 20th CentoFox. 11%

pr 71155 155 pt.103 103

a 37 ! 30 v

Uniy Pict

Vanadium vere 3a Victor Chem |. 305 Va-Caro Ch 33s 3% Va B&R 6 pf! 117 117 - —Wee 3 . 312 534 35%

Waldorf Svs Walker (H) Walworth

West Union ... Westing El West Air B Weston El I Westvaco ..... Westvaco 5 of Wheel Steel

Willys Overlnd Wilson s Wilson Woodward Iron Woolworth ..... Worthington ..

Wrigley ....... 89 8

Yellow ro

-141 12% Young Sheet ... Young Stl Dr.. 24

Zenith Rad .., 18% Zonite ......... 2%

LOCAL ISSUES

The Plowing Jiotations by the Indianorp. do not represent actual os offerings, but merely indicate the approximate market level ated on buying ahd selling quotations of recent transaction: Stocks ‘Bid Ask Agents | Cor

1 11% 43%; 24

16% 16% 2% 3%

{Cent Ind Pow 7% % rd a : Seve

{ook Drugs Inc e T&T Ft Wayne 1% pid. 50% Ind Asso Tel Co $6 .....108% h ig og pd. > ..- 109%

In Indpls Water

3 ? pia .102 Lincoln Nat s com.... * 33%

a|*N Ind Pub Serv 5129, re

*N Ind Pub Serv 7% p. fovea *N Ind Pub Serv 7% pid esas 1 Progress Laundry

64 eveisee-3} - Bonds American Loan 3 51. .... American Loan 138 . Crabhs-ne i olds: Tay i 8 5 i = -Taylor Co. 5s “TET Bt yhe 5% % ..103

: Hom Ft Warn e 6% 43..104

Ind ao y Tel Co Wat 70 » 60

+... 108 Ind Tel 5% 112

Interstate T&T 5 Kokomo Water Works 5% Kuhner Packing Co 42% Morris 5&10 Sto!

Pub Serv of Ind 4% 69.. Pub Tel Co 4%:% 55 Richmond Wat Wks 5% Trac Term Corp 5% 57. *Ex-Dividend.

'U. S. STATEMENT

WASHINGTON—April 10 (U. P.).—Government expenses and receipts for the current fiscal year hrovgh April 8, comJosr 22

57 ..

T ast Yea Expenses 5 406. arn so. 47 $7, 058. 538, 764. 3 Receipts .. 4,536, 410.34 472.420,833.1 Gross Def. 2 869. "363. 510; 18 Net Def 2,796,209,860.13 Cash Bal . 2.453.169.986. 1 Wark, Bal. 1,732,062,953.71 2,606,825.766.35 Pub. Debt .42,589.143.878.54 40. 042,230,359.49 Gold Res..18,509.638,291.33 15,330.397.65

€58.5 Customs .. 275,322.856.36 246,528, 138. 3

INDIANAPOLIS CLEARING HOUSE Clearings ... .. $8,700,000 44,000

REPRE senewniih teers 6,8

DAILY PRICE INDEX

NEW YORK, April 10 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100):

tessssnnesssrhenans

{| Yesterday ................... 11881

Week Ago. “e000000008000000 0 117.77

a Month Ago.. 0000000000000 118.57

Year AgO.................... 103.69 -1940 high (Jan. 2) 123.34, 1940 low (April 2) 117.46.

FOREIGN EXCHANGE

NEW YORK, April 10 (U. P.) ~—Following

2 4 are noon cable rates on major currencies:

Cable Rates Net Change {Lound) $3.4 +.01% Canada (dollar) ....... 84 iy 5 France (franc) 0132 Haiy (lira) reeves vees ea 2 ium (beiga) —.0008 +.0001

nd (franc) Holland (guilder) 000072 Sweden (krona), unquoted, Norway (krone), unquoted. 34 | Denmark (krone) unquoted. apan (yen) ........... Mexico (peso) 11675

WAGON WHEAT Indianapolis grain elevators are pa jor No. 1 Sheal, ‘$1; i > ret c change. other grades on their merits. Cas corn, No. 2 yellow shelled, 53¢; 43 3 2 white oats,

Established Corporation

has opening for man between 30-55. Sales or managerial experience advan< tageous, ‘but not necessary. Splendid Targe ‘Snancial “ingtituiion ate fully hi n ast experience. Will afr

pe;

THE INDIANAPOLIS TIMES

ST OCKS _

HOGS ADVANCE DIME IN TRADE

8187 Porkers Here; Vealers Steady.

the prices of all hog.divisions at the Union Stockyards here today. according to the Agricultural Marketing Service. Receipts were 8187 2 | head.

top price quoted to $5.30 for 210 to 220-pound weights. Vealers sold fully steady with a top at $10.50.

.Canner ..

{Common . .....

Good and choice a Common and medium

5.05; a

subject to market | white

Steers and heifers shared strong

7 a to 15-cent gains. Sheep and lamb

prices were nominally steady.

April Top Reps. [April Top Repts. 4.5515 10508 . $330 9850 5 .... 5.25 12.100 FAR 5.30 8187

| 130010 100

Barrows and Gilts | Packing Sows 120- 140 $ 3 85- 4. S)30ed and Choice— 0, 35- 5.10 270- 300 $ 4.60- 4. 5 85- 5.25/ 300- 330. d 4. 5.20- 5.30 330- 360. . 4. 5.25- 5.35/Good— 5.15- 5.35 360- 400. 4. 5.05- 5.25| 400- 450. 4. 4.90- 3.0 450- 500. 4, 4.85- 4.95/Medium— 4.80- 4.90 250- 500. 4.50 eg tar Pies’ 4.35- 5. os edn’ and Goo 90- 120. 3.35- 4.00

Slaughter Cattle & Vealers (Receipts, 1015)

75 65 60 50 45

160-200.

. 10.00- 10. 50

1100-1300. 6.75- 8.00) Cont JE Common—

| Feeder, Stock 750-1100 6.50- 7.75]

Cattle, Calves Steers, Heifers | Receipts, 531) Choice !

Choice— 500- 750. 9.50-10.50) 290-350. 8.75-

0od— | 800-1050. 8.25500- 750. 8.50- 9.50! Good— 8.00Heifers

800-1050. 7.50Choice— | Medium— 750- 900. 8.50- 9.50! 500-1000. 7.00ood— Common— | Shu: 200, 7.50- > 500- 900. 6.00- 7.00 ed 500- - 900. 7.25- 8.25 cuAives {sieers) Com bs nd Choi 500~ "900. 6.50- 7.50 | 388° down 9. 25- -11.00

00 down - 8.00- 9 Calves hes 6.00-.

00! 500 down 8.50- 9.50 4.75- 6.00| M

edium . 3.75- 4.75| 500 an 7.50- 8. 5 SHEEP "AND LAMBS (Receipts, 125)

Cows Good “....$ 6.50Medium Cutter and

common

$10, 33- 12 30

Medium and goo d : 290 700-78:00

Ewes on shorn basis)

2.75- 4.00

CHICAGO LIVESTOCK

Hogs—Receipts, 14,000; active; unevenly 5 to 15¢ higher; YD . $5.30; 180-300 lbs., [email protected]; 300-3 sinh 1bs., $4a0gs.i5: 1b. acking sows, [email protected]; lth largely [email protected]. Cattle—Receipts, 3000; calves, 1000: good and choice fed steers and yearlings 25¢ higher; very active at advance; mainly on shipper and order buyer account: common grades slow but better action on medium to average good grades steers going on local account; unevenly steady to 25c¢ higher; bulk crop good and choice Qtferings sold on early round: early top, $12.25 paid for medium weights: several loads. $1125 5@12; long ye $11.85; numerous loads $9.50@ 10,75: stockers and feeders fed heifers strong, best $10: several , [email protected]: bulk, [email protected]; very active strong trade on meager supply cows here: bulls firm and active; heavy sausage

heavier

‘| offerings up to $7.10: vealers 25¢ higher:

few selects. $10.50; mostly $9@10 on good

| to holes weighty vealers: light offerings,

$7.5 Sheep—Receipts, 8000: late Tuesday fat lambs closed active, mostly 15@25c higher; bulk fed wooled Western lambs, $10.35@ 0.50; 2 double Coloradoes, $10.65; some 1000 lacking finish, $9.25@10; ‘2 doubles shorn Western lambs, [email protected]; load around 130 lb. Western ewes. $5.35; few natives, [email protected]; today's trade market still undeveloped on fed wooled and shorn Western lambs: bidding lower on lambs now held at strong to higher prices.

OTHER LIVESTOCK

CINCINNATI, April 10 (U. P.).—Hogs— Salable, 2700; ‘total, 3550; holdovers, 100. Active on light supply, generally 10 cents y Sows steady: top, $5.40; 250-275 .15: | 200-350 1bs., [email protected]; 140$4, :[email protected]; Sows mostly $3.75 @ 4. Cattle—Salable, 300; total, 425. Calves— 250. Steers and heifers oY steady, cows and bulls Sirone. Medium to good heifers, [email protected]: few lots mixed steer and heifer yearlings, [email protected]; most medium steers, $8@9. good beef cows, [email protected]; vealers strong to 50 cents higher; good and choice, [email protected]. Shee alable, 100; medium to mostly good 87-1b. wooled Western lambs, $10.25; common and medium, $8@10: few good and choice shorn lambs, $9.25; odd lots spring lambs, $14@ 15, latter choice ‘around 50-55-1b. average.

FT WAYNE, Ind. April 10 (U. Boge le higher: 2 200 lbs, 85; f60-180 he ,

around 50 head

LOCAL PRODUCE :

Heavy breed hens, 5 lbs. and over. 12c: under 5 lbs., 10c; Leghorn hens, 7c; Barred and White Rock Joasters, 5 Ibs. and over, 1le: under 4 1bs.. 9c: heavy breed stags, 7c; Leghorn S1325, 6c; Leghorn broilers, 2 lbs. and o No. 1 eririotly fresh country run eggs, 13c: each full case must weigh 55 lbs. gress: a net deduction of 15c for each full case under 55 lbs. will be made. Butter—No. 1 lane; No. 2, 29@30c; Butterfat—No. No. 2. 24c. (Prices aay by Widley Co.)

Radio Schedule and Column are on Page 11 of this edition.

AT STOCKYARDS,

Top Rises to $5.30 on Run of §

A 10-cent advance was mdde in ||

The dime increase brought the |

Realtor to Talk

in 1939 for participating in the AAA farm program, according to L. M.

paid $9,884,505 under the conserva-

John W. Gal reath of Colum-

bus, O.,

vice president of the

Greai Lakes Region of the National Association of Real Estate Boards, will speak. tomorrow at

the Hotel Washington luncheon of /|amounted to $4,882,906, Mr. Vogler

Indianapolis Real Estate Board.

L.S. AYRES & COMPANY

Complete Me

$16,571,321 PAID IN STATE BY AAA

Times Special LAFAYETTE, Ind. April 10.—Indiana farmers were paid $16,571,321

Vogler, state agricultural conserva‘tion chairman. At the close of business March 30, 94,590 Indiana farmers had been

tion program. Wheat price parity payments, paid to Indiana farmers who planted within their 1939 wheat acreage - allotments, amounted to $1,803,908. These payments went to 76,650 farmers. orn price parity payments, thus far made to 94,372 farmers in 82 Iniana counties who planted within (their 1939 corn acreage allotments,

said.

Cargo Insurance

Boosted by War

NEW YORK, April 10 (U.P) — Marine - underwriters today announced a general advance in war risk -insurance rates on shipments between the United States and Sandinavian ports.

At the same time, the insurance houses stated that hereafter there {will be no distinction made between neutral and belligerent. vessels in applying the new rates. Effective immediately cargoes ta and from Norwegian ports south of Bergen and Swedish ports not beyong: Malmo will be covered against war risk at the rate of 10 per cent, compared with the former 3 per: cent charge. Moreover, it was announced, the new schedules will apply only to sailings within three days after coverage has been arranged. Baltic ports also will come under

the new 10 per cent rate.

ITS ALWAYS FAIR WEATHER IN A.

WEATHERPROOF

JACKET

Golfing os fibing “ein riding . oii boating. “loin you're safe from wind and rain in a Bantamac. Made of Zelan-finish poplin . . . featherweight, good-looking and cut comfortably full ter easy

movement. tical styles.

“In. the Bag,” the Jacket that folds up into a compact bag which is. part of

the jacket. 7.50.

Surcoat, the

er jacket with a %

zipper front,

We show just 4 out of 7 very prac-

% |

3. Reversible, tan on one side—green on the other. Pockets itself, in back for golf \ ; balls, etc., 7.95. Tohge [ 4. The Shortie, waist5.95. length jacket, 5.00.

MEN'S EYRNISHINGS, STREET FLOOR.

You'll Shoot a Better-Game In... BURKE “Moccasins” Tan Only ible, 5.00

A good, comfortable footing is important in golf . . . you'll have it in these semi-moccasin type

golf shoes of

soft, comfortable ski-grain calf,

~with’ the famous Turf-Hugger removable studs.

n 'g Store Spalding Golf

Shoes also at $6.95 and $8.95.

MEN'S SHOES, SECOND FLOOR.

NEW ISSUE

$36,000,000 Inland Steel Company

. First Mortgage 3% Bonds, Series F

To be dated April 1, 1940

I |

do be due April 1,

Offering price 102% and accrued interest

Copies of the Prospectus may be obtained only from registered

Indiana dealers orticiputing in this i, issue.

This advertisement is mot, and is under no circumstances to be construed as, an offering of these Bonds for sale or és a solicitation of an offer to buy any of such Bonds. This advertisement is published on behalf of only registered Indiana dealers participating in this issse. The offering is made only by the Prospectus.

1961

PAGE 19

a Se ES

EE a ERE