Indianapolis Times, Indianapolis, Marion County, 3 September 1940 — Page 11

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TUESDAY, REPT. 3, 1940 THE INDIANAPOLIS T

FINAL NEW YORK S10

PAGE 11

IMES

CKS |PROFIT-TAKING

8y UNITED PRESS

, DOW-JONES STOCK AVERAGES |

30 INDUSTRIALS | Shee «129.42 4 oN Shell’ un Oi ... \ Silver ing .. 133.38 — 0.38 | Simmons « IBY — 1.17 Simms Pet 1812 10.03

Sim, 3a = st > Ole. 0 kelly Oi 152.80; low, 11.84, Sloss-Sheff pf 155.92: tow, 120.44, 0 29 RAILROADS

FEW COMPREHEND PROFITS TAX BILL

Senate Begins Hearings on 105-Page Conglomeration of Legalistic Verbiage That Congressmen Passed On the Word of the Experts.

MARSHALL M'NEIL

Times Special Writer WASHINGTON, Sept. 3.—The Senate Finance Com- im en : mittee started hearings today on the second revenue hill a of 1940. as tangled a wildwood of legalistic verbiage as ever was conjured up by the lawmakers.

Chain&C Colortype This 105-page conglomer-, ation of polyvsyllabic words, HOG TRADE HAS

Com Ale arranged in interlaced mazes

Net High Low Close Change | =A 5, 1312 42%,

Adams Exp .. Addressograph

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E I

Air as Alaska Juneau . Allegh Corp Allegh Corp p pf 147 Al Cp nf $30 ww 10% Al Cp nf xw 9 Alleeh Lud Stl. 22 Allen Indust | Allied Chem | Allied Mills | Allied Stores [Allis Qual en | Amal Leath Amerada Fo Ag Ch Del. Am Airlines {Am Bank Note

4',

Ly .

— —

{Smith Socony-Vacuum So Am Gola So Por R Sue So Cal EB 2 Sou'h Pac South Rv South Rx

FRE EARNERS

29.90 26.84 26.75 Last 28.96 3267: low, 22.14, 35.90: low, 20.14, 13 UTILITIES

Saturday Week Ago Month Age Year Ago High, 1910, High, 1939,

8 ~

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By Saturday .. Week Ago Month Age Year Ago | Righ, 1910, Righ, 1939,

Spiegel Inc Spiegel Inc | Square D {Std Brands Si. Brands pf Std G & E 4 pf fd G a FE i pf

Std O C . Std Oil Ind Std Oil N J Starrett 1 8 4 | Sierl Prod y? | Stew-Wai Stokelv Rr Stone & Web Studebaker * Sun Ol Sunshine Min Superhtr Sunerior Superior Stl Swift & Co | Swift Intl | Syming-Gld ww {Syming-Gld xw

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tow, low,

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ard tS

Net Change

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High

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12 31 16 84), . 3] 5 1 43, 5

| Goodyear nf Graham-Paige Granby . Stl

ft TY a BS 0 ee CIDR III IN oy a = y ~ >» OE Bs >»

Enc Til Haw SS Hide&L Home Pr Inter that stump even the experts, is otherwise known as the Ex-! cess-Profits Tax Bill. It purports to levy heavy imposts on excess earnings, and thus pre- An Am

Loco Loco pf Mach&Fdy. Mach&Met vent the creation of ‘war’ million- Prices 15 Cents Lower as an aires out of the 14 billion dollars : | Am pius of defense expenditures. | Receipts Bulge to ah Just how it does this is incompre- Am : A hensivle to most members of Con- 13,723 Here. m gress; maybe even to some members : Hog prices turned 15 cents lower at Indianapolis today after

| Am Am of the House Ways and Means Committee. which reported the bill start in trading the 13.723 porkers that accumulated over the long Armstrong Ck Arnold Const Packing sows sold 10 to 15 Austn Nich pr A week. Aviation Corp.. The top subsided to $7.40. Bald loco ct ers were steady with an $11.50 top. Balt & Ohio 5.506.

Oil

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Sea Ship. Build Smelt oe Stl Pies “ T&T £4 Tobacco Tob B Type F Water Woolen

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Expert Is Stumped

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The Senate committee not succeed in making the hill plicated on its face; it may

some argue are

may

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Union B & Union Carb Oil Cal Pacific Premier Aircraft Air Lines Carhon Carr Past United Corn United Cp of United Drug Un Dvewood | United Fruit Jarvis Co .. on Ser _" Jewel Tea . : Un Paprb | Johns-Man 712 2 + US & Por | Jones&Lgh 7 : ¢ U 8 Freieht { J] § Gvpsum U 8S Gvpsum nf U 8 Hoffman y 8 Ind Ale

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move what its equities Among tax of 4.1 mal net income, applied when a corporation selects one of the two methods prescribed hy the bill for| determining excess profits, The Treasury furnished to the

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these is a special on nor-|

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penalty cent

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Am Woolen unanimously. The U. 8. Chamber week-end Aso Dry Gads I=} Vea 15% 4 Cattle prices were steady to strong Balt & Ohio pf

Am Zinc Anaconda a SIOW aAnac W&Cable Anchor Hock GI : : Anchor H GI pf 1 of Commerce said the hill was prac- Arch Dan M tically impossible of comprehension Armour Tl The Agricultural Marketing Serv- | Asso Inv pf ice said the full reduction was made Atchison on butchers weighing 160 pounds Are son I and up while lightweights and atl G&WI pf ; : Atl Refining slaughter pigs sold at Saturday's Austin NAY prices cents off from last : A X Bangor & Ar pf compared with last week's finish. |Barber Asphalt CEL | Barker Bros .. sdall Repts. Aug, Rcepts, ne $530!38 0 § 8166 Beech- -N 3.65 Wis... 1.50 R238 Sept. 3 5. nd Gilts gr Ngking

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Top Mfg

63 55 10 Sows 6.155.85-

Top

1.65

Aug. ah 0% Pkg. Sec 2% 39 Kan C Sou | Kelsey -Haves | Kelsev-Haves Kennecott Kevstone Stl | Kimberly Clk | Kinney 5 pf Kresge SS Kroger G

Barrows a 120- 140 § 140- 160 160- 180 80- 200

DBD =1B9 Lo = SESE REs J

6.50 Bigelow 6.30 | gj &

ac 835 8.25 Blaw-Knox 7.15- EY 5.65- 6.00 | Boeing, Air 790- 7.4f 5.33. 5.7

15 Bohn A & B' 270. 6.90- 250. 360 5.16- 350 Bon. Ami A 300. 6.60- Medium — Borg-Warner 330 8.50- 250- £00 4.85- 5.85 Boston & Me. . 40- 6.5° Slaughter Tan | Bower R BR Medium — 90- 120 5.15- 5.60 Brew 160- 200 6.10Slaughter Cattle & Choice —

6.50-

220 240

bt DD

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Lambert Lee Rub Leh P Cem leh V Coal .. Leh Val RR Lehman L-O-F Glass Lima Loco Lockheed Aireflt Loew's Linft, Lone Star IONE Rell. Lorillard Lorillard nf oun G & B A Lou & Nash

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Vealers (Receipts, 2625) Vadsco Sales Vanadium Va-Caro Ch ....

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Bk Bruns-Balke Bucyrus-Erie 35 Budd Mfg ; 75 Budd Mfg of . Budd hee! 00 Bulla: Pulla'd Ww Burlington M 50 | Burroughs

Bulls g exc frac) $6.7 25

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8.73: 7

6.00- 6 6

Walker Hy Walworth Ward Bak R Warner Rros Warren Ri Wes Oil & 8S W Pa EI W Pa Bl Y WvaP& P West Aute Sun West Par nf West Union West Air Bke Westing KI Weston El In Westvaco 5 pf Wheel Steel Wheel a ny White Mot White Rock Wh Sew M Wh Sew M or n Willys Overland Willvs Wilson & Co Woodward Iron Woolworth Worthington Worthe ev nr Wharthine pr Wright Aero

er and common. 5.25Vealers 200 Good and 00. choice 10.530-11.

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(Receipts. Choice 500- 800 00 800-1030 Good00. 500- 500 . 800-1050 . Medium — 500-1000 Common — 500- 900 . 2 Calves (steers) 7.75-10.2 5 Good and choiceCommon — 500 down 10.00-11. 500- ano 5.75- 7.75 Medium — ent Ag Cows | 500 cown 8.25-10.00 Cont F Good . 5.00- 6.25 Calves (heifers) Cerro de P Medium 3.75- 5.00 Good — Certain-t Cutter and | 500 down. 8.75-10.50'Cert-t & pr common 5.25- 6.25 Medium — Champ canner 3.50- 5.00, 500 down. 9.50- 8.95 Ches & | SHEEP AND LAMBS (Receipts, 1330) oe Er Lambs (spring) Good and choice ;

Medium and good Common

on wr

serves Mack Macy Magma Maracaithn Ex Marine Mid Marshall Fld | Martin (Glenn) | Martin Parry Mathieson ‘May D 8S ' McCall Corp McGraw Fl McKeesport McKessn & Rob McLellan St . Mead Corp Melville Sh Mengel .s Mengel 1st pf.. Merch & Min Mesta Mach Miami Cop Midcnt Pet | Midland Stl Minn Hny Minn-Moline Mo-K Tex Mo Pac pf Monsanto Monsanto pf Mont Waid Motor Prod Motor Whi Mueller Br . Mullins Mfg 38 Mullins pf 1 % | | Murray y Al | x Alum Am Am Am

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Common and mediam

CHICAGO LIVESTOCK

14,000; market generally barrows, gilts and Sows; ol Br .... and up as Jn! ich as 10¢ Climax M Co $7.95; bu good and Cluett Peab . 190-240 lbs. 87.454 7.70: 240-230 lbs., | Coca-Cola 970-300 1bs., $6.85@ 7:30; 300- |Colgate-P-P sows, $6.25m6.50; few lighter (Col & Aik above $6.50: 350-400 ibs, a 30% Col ¥ lbs . 50-5 S.. y SA ray, rr Ne JC EA 1500: Col Brd B market on Colum Gas medium ol Gas nf gen -

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Hogs | steady some lower; choice, $5.20 7.60; 350 1b.

Receipts, to weak on sales 240 lbs. extreme op,

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| Aero Sup Air nvest Alum Ltd ‘ Co Am Cvan Gas&E Lt&Tr Am Super Ark N Gas A Asso GKE A Aviat & Tran Bah & Wile Rald Inco ws Ir

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House committee tables which purported to show how the tax would operate. But one Congressional tax expert admited today that he didn't know how the Treasury experts arrived at some of their figures; and) so now—after the bill has passed the | House—this expert is preparing his own tables in an effort to demonstrate how the tax would operate. There was a hullabaloo late last week when the House was asked to consider the bill under a gag rule. 1300-1500 But Rep. Gene Cox (D. Ga), mem- G20 7.0 ber of the Rules Committee, frank-! 300-1100 Iv explained the necessity for the! iin0-1300 gag this way | Vi50-1100. Dare Not Amend It Lido. 1300. us “This rule pre the integrity | Steen Heifers of the measure, which is exceedingly technical and complicated. I dare gav that no one, for if there be any, | very few, members of the House not members of the Committee on Ways and Means, have anything of a comprehensive understanding of the entire measure. I know it was difficult for the committee to put it together. They have had to rely upon | the experts.” Amendments were prohibited from the floor because the Ways and Means Committee said that one amendment approved might necessitate 500 others elsewhere in the bill. Rep. Jerry Voorhis (D. Cal) ex-| claimed that the House was given | the gag rule “upon the excuse that | nobody can understand the bill.” Finally even Rep. Allan Treadwa (R. Mass.), ranking minority oi ber of the Ways and Means Committee, admitted that “One reason I {i yi< have not gone into any detailed dis- bP cussio.: of the bill is that I do not | cattle Receipts, 17.000: calves, feel qualified to do so. . . . We had [arly active ana fully Steady, m as to take the bill pretty much on to_goon grades steadv ‘to 5c lower. en. Com reads, faith, as presented to us by the ok A OA rTIv S(eers Scarce: ape Com Salvents drafting experts. DI Ee To a nd Maller sreere: heel {Comw th Fdison cows weak: bulls nd vealers steady: early Cong-Nairn Press ‘Rewrites’ Bill fed steers 5. met high on crop

19 = od 19 = Gd

an $13

Bellanca Rhiss BW Braz T L&P Breeze Corn Brewster Aern

Aire

NITED LDHNIDDADIWD

Cons Aircraft “several loads ionz vearlings, $13: Cons Ciga: heifer as

Distillers Gypsum Bin Lead 17%: Lead pt B 141 Pwr & Lt Ta Stee] 511, Nat Sun Penn LE) Nat Sup 2 pf lz Newmnt Mining Newport Tnd N V Central

x» 2 >

13.2; \ : 1 PUEe 3% $12. steers and vearlhings Cons Cig pf He said the biil might prevent cre-| oettel Kea ne, “ar $11 upward moving Cons Cig pr pf

ation of “war” millionaires but “un- rather freely. comparativelv little done on, Cons Coppermns Jess 1 miss my guess it wall result in | Others: sereral hungrea head Western bred | Cone Edison SS SS ! SS 1 < | y

stock yearlings, $910; mostly, 39 Cons Film pf creating some new millionaires

a WD Eas AND aD AR

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fleshv Montana killers, $3.50. cutter cows 5 PE EES down: weighty sausage bulls to $7.23 Cons i vealers. 810.7374 11.75; selects, 312. RR © pi Sheep— Receipts, 7000, early trade Coal Df vt native spring lambs around steady. mostly | & oal pt vic $9 down with a few sorted lots, $9 55 tp Container city butchers: Western springers ovening Cont Bak A weak: 5 loads handyweight Westerns, $9.13 | Cont Bak B Shrateht other Westerns averaging 94 lbs. Cont Can . some sorted lightlv at same price; few Cont Ins Aten enes around $3.75 others Cont Mot mostly $2@ 3.50. Cont Oil Del Steel

OTHER LIVESTOCK

Copweld Steel Copweld Stl > Co Ex Bn PT. WAYNE. Ind, Sept. 3 (OU. P.), Gorn Prod 5@15¢ To 220-240 abs. $7.35. 2 Cotv Coty Inter Crane Co . Crane Co cv pf. Crosley Corp Crown Oork

Bunker HiN&s Callite Tung {Can Col Airw Can Marconi

na » BEE

who mas regard themselves as com- | petent to advise taxpayers how to make out their returns under this bill.”

a pp a = WIRE A EADY

TAD GF Ly

BANA AWA aa

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Cities Serv Colon Dev Ltd Col F&I wts {Con G FE Balt {Con Steel | Creole Pet Diveo Twn Tr . | Eagle Picher L d&S

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i NoblittSparks No Amer : No Amer 6 pf Ne oy Avn El o Pacific & Northw Tel ... J : “een = Ra&sh Pit Equity Cp Faircld Eng&Air Glen Alden Gt A&P Hecla Min Imp O Can Insur No Am Int Petrol Irving Air | Jacobs Co Jones Lau Sil Kingston Pro .. Lone Star G.. La IL&EX ‘ Molybdenum Citv Conn Bellas Hess Contr Rub M J Zine Niag H Pwr Niles Bement No St Pwr A | Pantpe Oil Venz | Pennroad Penn Cent Anr Phoenix Sec Pioneer Gold Pitt: Forg Puget So 5 of Puget So Rf pf Republic Avn Rustless T&St] 3t Regis Paper Segal Lock Sherwin W Singer Mfg td O01 Kx Std P&L Std Steel Tazeart Co Tubize Chat Un Aire Pd On Cigar Strs .. Un Gas Corp Un Li&Pwr On Lt&Pwr Un_ Shoe Foil R

US Wright Ha ™®

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$7. 15; 2 300-325 Ibs. $ 350-400 1hs.. $6.35: Ibs... $5.75; 130-140 £5.25: 100-120 Ihs. $4.25. Calves, $11 50

$6. 80: | Ohio Oil .. 63a Oliver Farm Eq 147, Omnibus . 107 Otis Elev 15% Otis Elev pf ..133 Otis Steel 83 Otis Sti ev Owens Til

1'pt 26's Glass 33

Pac Am Fish Pac Coast 2 pf Pac G & EI . Pacific Millis Pac T& T . ! Pac Tin Cons Pac West Oil Packard Pan Am Airwys 10. Panhandle . Sg Param! Piet Para Pic 2 pf Parke Davis . arker Rst Prf . Park Urah “ Pathe Film Patino Mines Pen & Ford Pennev Penn Coal & C

Stocks Roc

Azents Finance Corp com Belt RR & Stk Yds com Belt BY & Stk Yds pfd 53 Ceniral Ind Pow T% pla ; r Tne Way ne

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11374 1334 26% on

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167%

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A small bloc in the press gallery 1s lieu thereof the following: whether you understand it or not, it | 350 Ibs., $6.50 oughs, $5.50; stags Cr'n Ck upfww The following auotations by the Indian- Salable, 5000; total 5150: holdovers, 200 Crucible Sil dicate the approximate market level based 1500, wotai, 1700 Calves 600: active. | Cuneo Press around 1000-1200-1b.. $11.75@12; heifers Surtiss-Wr choice vealers, $1112 Sheep-—-1800; Davega Strs to medium, Del & Hud . wm 200-260 ibs, $777.35; 260-325 Ibs. Det Edison Daechler D Cast 2 1s Daw Chem

working toward striking out all after the enacting clause and inserting In Excess profits is stuff that il the Government says you got any, 2 $ 280-300 1bs.. 11 ‘em—and heavy!” wili tax A {1bs., $6: 140-150 -_ 52 50: 120-130 ibs, B LS Crown Zeller {Lamb $9 2! I. oc AL 1 SSU ES { SING INNATL Sept. § (U. PB) Hogs Crown Zeller 0 1a RO ¢ i | 'Cub- Si apolis Bond & Share Corp. do not repre- slow. uneven; top, $7.40 160-200 lbs. $6.90 am Sug sent actual price offerings. but merely in- Ww5.15; sows, [email protected] Cattle —Salable : urns I on buving and selling quotations of recent mostly 25 cents higher, choice 1220-1b Gary ba ot transactions. steers, $12.50; other steer and heifers ' Bu aA%e curtiss-Wr 9 755-770-1b $11.40 11.50; medium and good beef cows, $6507.25: good and moderately active, weak to 25 cents lower. peere & Co good to choice lambs, $10 10.50; common Deere pf LAFAYETTE Sept. 3 (U. P)— Ip rac & W Hogs— 5% 15 cents lower; 160-200 1bs.. $6.50 DRRGW pf £6 501 6.90 Pigs, $6 down: roughs, $5.75 Dev & R A down: calves, $1011: lambs, $8509.25. Diam M pf Dome Mines Douglas Aire Dresser Mfg Du Pont

1y 29 212

Corn and Wheat Region u Official Weather ! a 6 Fast RB Mill

Clear | —f Evansville Clear Fair Morse 38% Kuhner Packing Co 42s 49

Fajardo Sug 20 1 Morris 5&10 Stores 55 50 U. . STAT EMENT

Ife? L & ee 95 | Fed Min & .« 181% atuncie Water Works 5s 65 : Va | | Fe ot 234 Jat Silk Hosiery 5s 42 § WASHINGTON, Sept. 3 (U. P.) —Gov- Fed Wat SA. 3 Ind Pub Serv 33s 69 ernment expenses and receipts for the cur- | Fed Dept St ... 20 Tel 412% 55 rent fiscal vear through Aug. 30, compared Ferro Enamel. Pub Serv of Ind 4s 69 {with a vear ago | Firestone T b Tel Co 415s 55 This Year Last Year |Flintkote 3 ) Richmond Water Wks .. $1,521, 186 808 91 $1.612,975.105.82 Foster Wheel ie a _ ¥ Trac Term Corp 5s 57 763.907.763.43 715.424 381.65 | Fost-Whi pf ... 8! 2 838 : x | Gross Def.. 757.276.0485 48 987.550.724.17 | Francisco Sug : 1 | Net Def .. 74252574584 97.416, iveept ~Sulphur - E 3 Sah Bal : : X 306.498, $4 | rk Da] 1 PI A ‘“ 3 . 3 rad | Gold Res 20. 91 1.148 243 72 16.638. 205. pg Sewell id | Customs 20 579.75 51 76 92 Gannett p ‘ Sutton! BYR YS v Gar Wood,_Ind. Gen

INDIANAPOLIS CLEARING HOUSE Gen iT

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com

Air Lines

ra Now ow

yaa wdede

High Low

Stations

Notre Dame Angols | Wheatfield Rochester Marien Lafayette | Cambridge Columbus { Vincennes Paoli Ft. Wayne ¢ Indianapolis Terre Haute

Phil Jns of Phillips Pet Pirell | Pitts Coal nf Pitts Coke & Ir Pitts Se & BR .. Pitts Stl Pitts Stl m pt | Pitts St1 5 nf . | Pitts & W Va Erg oil

B | Por: Ric-Am A * | Postal Tel pf .. “| Press St] Car ..

Mi T van Camp Milk com *Tx-dividaena. Ronds

American Loan 5s 31 American Loan 5s 46 Citizens Ind Tel 4'4s 61 Crabhs -Reynol ds-Tavier 5: 42.. Ft Wayne 52s

City

— "

a SEEDS S Fry

Indpls Water Co 3'a2s 66 Interstate T&T 5'-s 53 Kokomo Water Works 5s 58

37% 3 + Ya procter & G | 20 20 1 |Pub Serv § pf | tn 34 Pullman ....... 20> 20 ‘een BL: cr ihe 3

| ¥

[Pure Oil “sn JUL OS BE vx { Purity Bak .

= | Quaker St Oil 1

N | Ine., K Ind . jor its 5s 57 2 Expenses : : Receipts |

CARLOADINGS AT PEAK WASHINGTON, Sept. 3 (N. P.). The Association of American Railtoday reported that loadrevenue ftreight reached a

8 ® 8 2 -. 8

- a oa vr

(operated

De 3.

roaders ing of

» | Republic Stl ‘ 14 | Republic Stl pf. ¢

|acres of land

— > 3

of §

f 111%

> Curb Stocks

DISTILLERY IS SOLD TO CLEVELAND BANK

PITTSBURGH, Sept. | —Sale of the Hamburg Distillery, of Brownsville, Federal Reserve Bank of Cleveland, nominee, (confirmed today by Federal Judge k 'R. M. Gibson. | The distillery, ruptcy proceedings, since | property consists of five and a half

Close change | 36%,

Low 362

- Trade Opened at Million-Share-a-Day Rate but Turned Dull.

NEW YORK. Sept. 3 (U. P) 2 Stocks started the post-holiday ses- ' sion today with a million-share pase and a rise to the best levels since mid-May, met profit-taking. turned dull and closed irregular Bonds did he'ter. Domestic were featured bv strength in 1cad shares. Canaaian issues gains ranging to 2 noints led eign loans. U, 8S. Government made small gains The weekly report of the American Iron X Steel Institute featured , Industrial news, The operating rate for this week, counting out the Labor Dav holiday, was set at "2.5 'y per cent of capacity,

21J hy DHE Am Fo» » nt “3 1 pt pt £m DRIIDILPPRD~WVID Rument 5 v a a®

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Issues railAth forloans

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a decline of 8.8 points or 9.6 per cent from the pre's vious week. Allowing tor the Day shut-downs, works out at 96.25 per a record high on a

APDIP “<P I~"~1A ann - uf “an »a

- 1, unofficially — 's cent of capacity, t's tonnage basis, 's Steel and strong early. 'a Bullard and Gamewell—made new i» highs for the year. All sections joined the advance and gains ranged to more than 2 points. Then profit- '» taking brought prices down and 1" some shares sagged below the previous close ‘ Bethlehem Steel. which 81'< up 1 early, dipped to a small net loss. U. S. Steel 10st most of + a rise of 1'+. Chrysler sagged from its high for the day of 77, up 1% and General Motors made small Ya decline 1 7 Curtiss-Wright, most active issue '2 on the board, had a fractional gain Douglas was up more than a point United Aircraft and Glenn Martin eased. American Airlines at its low of 55 was off 1!

MINNEAPOLIS GAINS AID WHEAT PRICES

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115] CHICAGO, Sept. 3

re PD

a pit today reflected independent [firmness at Minneapolis where the { September delivery reached a new (high for te day in the last hour. Wheat closed to 1 cent higher, 1. September 74% 741 Corn was un- = changed to up “i cent, September © B22, W625, oats 3: to “s cent higher -! September 297% bid, and rye 1 to 1% cents up. September 33° <@ 3%. Sov beans were bid cent higher in an inactive session

i Wheat— la Sept Dec gs? Ma Corn— Sept Dec May Oats— Sept Dec Man Rve— Sept Dec Ma: a Soy Beans— 'Oct Dec May Lard— 1s ‘Sept. Oci.

1 De

RANGE igh

ra — ARG Dr - GF ~~ Haw Eo ry »» 0%» a

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DIT nar D UT » -

— L303

M34 N1, 467:

-~ no 3

» np»

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110

{Jar | March May aAsked

| 6. | bBid Net | Change |

8 Wheat

CASH hard 7! 3 T63 4¢ No 5 red T31,¢. mixed, mainly white, 69%c; No 6477 66',c, No. 2 vellow, 654r67¢ No. 3 vellon 64, 66% ,0; 31,0 Oats—No. 1 mixed mixed, 317¢ No. 1 white No. 3 white white 321 5c

red

High Low Close 33g 32 3

-No. 1 mixed

Now nominal No. 1 Th e. 31m 32¢ 3201 327 5¢ 07 oc heavy 3261 32 sc No. 1 red, extra heavy, 313,m 32% No ale No. 1. 524 feed 35% nommna

88 15934 34°

I a I A A ES

ne ard nnse $5 NS nominal $7.50

nomina nominal

bellies

ASH

Wheat - Firm pt 1

iy 6 ! “No 1 Pad To 687 + 690

No. rR receipts vellow, 59G60c; No White corn. 7@8c; over 1% ¢ under Oat:—Strong receipts 2 white, 283,@29%,0; 2834¢

carload. No. 1 red, 68':m69':c 2 hard 671 KB. “101 carloads. No yellow, 38 392 vellow mixed.

ys £3 63 BIDS De » »

) »

40 carloads No. 3 white

Ff nn ft -—nm “ - p »

aan

WAGON WHEAT Indianapolis grain elevators are pavine for No. 1 whea 63c. subject to market change: ot her grades on their merits Cash corn 0 ellow shelled, 60c: No. white shelled 85c No 2 white oats 27¢

WINNIPEG | WHEAT

ov aga

— ay — -7 »

“now

Prev Close $.73%, 74%

AIR D1

UO nD et NT ID de et TT ne OO dn | Dd VIS FSD YF »

High Oct . vos + 3.9335 Dec 745,

DAILY PRIC E INDEX NEW YORK, Sept. 3 (U. P.).— Dun & Brastreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Today Friday Week Ago Month Ago Year Ago 1940 High « Jan 1940 Low (Aug

Close $.73% 14%

Low $.73% 74%,

WO Wp A WF Gt AB EA AAN BN A

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wo ©

— Oe Da LG 0D ln LOT »

— »

ID UY TLD OD re 1G 0 DST an 00 — —

~~ to ~

114.77 114.42 114.11 113.17 111.64 123.34 112.42

FOREIGN EXCH ANGE

YORK PP

sing on

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® Baw XRD

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— CY

—

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WIND PNG ND SD ed a) UY

i I SE » » a — » —

Sept

cable

Following major cur-

39 OF HID a wy rd

£30

RE EEE

Cahle Net Rate Change pound) 24 03! 00, dollar) 871; no 0505 ne 2272 2348 2035

LOCAL PRODUCE

Heavy breed hens, 12c: bareback hens llc. Leghorn hens, 3c. bareback Leghorn hens. 8c, Barred and White Rock springers, 14c. other colored heavv breed sprngers, 13c¢; Leghorn springers. 12c¢ areback springers. 10c. old roosters, 6c. In-

England Canada Ital lira Finland mar Switzerland Japan rven! Mexico (peso)

kka franc)

0000" 5

—.0013

07% 1,

1% 45 =

Indiana Grade A large eggs. 20c: ciana Grade A medium eggs, 17¢; No c 29'.%30c; No. 2, 1, 28¢ 25¢; No. 2, 24¢. Country quoted by the Wadley Co.)

GUARANTEED WATCH REPAIRING

AT OUR USUAL LOW PRICES

RITES 13-43 S. Mi

Butter No. 1 27 Butterfat--No. 1 3 (U. P) {pickup prices

Pa., to the

for $160,000 was

involved in bankhas not been

June, 1937. Its of Maryland

St.

and 24 buildings.

NOW A

| Revere Cop | Reyn Met Rev Met eu ev o Revn Tob BR | Ruberoid

1940 during the week of 761,002

£3,382 Hh Sen Bronze 7.189, yen able we Gen Cable A Cigar Cigar Electric

peak for Aug. 24 when loaded

'Clearings Cars Were Debits

WLIW IP <I

— ) FOOD PRICES

LIMITED TIME ONLY! Dresses, Suits, Coats

PRY CLEANED - AND PRESSED Cash & Carry Slight additional charge for white fur. trimmed velvet or pleated garments,

OCCIDENTAL LI. 2628

CLEANE 7-308 OCCIDENTAL BLDG.

“pr 2B nnreartiad Yd GY rk

Safewa™ “ Safeway 5 pf St I.-S Fran pf (Savage Arms . Scheénlev Dist | Schenlev Dist pf Schuite = 3 mn

“1 aD ty » Fa ow

a RT)

Sept 3 OU. PH Peaches — bu £2 402 50. Celery Michigan crates 35a 60c Tomatoes Michigan 12-qt baskets, 20@85¢. Spinach Michigan bu 504 90c Caulifiower— Colorado crates $1.35@1 40 CarrotsCalifornia crates, $34325 Lettuce California cratez, $250@3 Sweet A Ge nTel Tennessee hu, $135@1 60 Onion Market {150-1h. sacks) —Indiana vellows, 70c. Wis. Sen Time 8c evg! consin Yellows, 65¢. Tdaho Sweet Spanish, Gillette 8 R [$1.10@ 1.20, New Mexico Sweet Spanish, | Gimbel Bros ' $1.18. Glidden «ovo

CHICAGO { Georgia Flbertas Gen Gen Gen yen Gen an Ge

=< na a on te SH 63 = -arn HS»

» »

NG » ba -~ oe »

—

FRI” :

14 | Shat

bos

uck Fr

Terenas

MIXES STOCKS

|Vinevard Gazette at

Labor | the operating rate |

Two special issues— |

1 P.) .—Late 1 action in the Board of Trade wheat |

NO | sample

ON THE RADIO

TONIGHT 6:30—Information Please, WLS, 6:3§—First Nighter, WFBM. 8:00—War Review, WENR. 10:45—War Review, WFBM.,

A small-town newspaper man will be subjected to Clifton Fadiman's quizzing on “Information, Please” tonight. He is Harry Bettle Hough, who—with his wife's help—edits the Edgartown in Mass. “Country book Oscar nowadays will be

Martha's Vineyard, Editor” is his latest Levant, a movie actor (“Rhythm on the River”), there, too

” #n

“First Nighter” returns its 11th season'on the air Les Tremayne and Barbara Luddy are co-starred in this oldtimer which is scheduled at 6:30 p. m, WFBM

”

Eddie Peabody, the banjo king. now Lieut. Edward Peabody. U. S Naval Reserve . Eddie Cantor is on the SS. Manhattan, bound for New York from Los Angeles, workn n on

Campana's tonight for

” n

| Montgomery,

|ing on ideas for his new program

| starting Wednesday, Oct. 2. NBC has added its 199th station—WSFA, Ala.

Mutual staged its review of the war's first year last night. Tonight both NBC and Columbia will have theirs. Columbia's reviewers will include William L. Shirer, Edward R. Murrow, Albert Warner, Maj. George Fielding Eliot, Elmer Davis and Bob Trout. WFBM will carry it at 10.45 p m NBC's experts will be H. V. Kaltenborn, John Gunther, Lowell Thomas, John B. Kennedy, T. R. Ybarra, Earl Baukhage, Earl Goodwin and Maj. Gen. Stephen O. Fuqua. WENR will carry it at 8 p. m

Miss D'Arcy Grant, who gave up her city job to become master of a freighter, will be among the "We the People” guests at 7 tonight, WFBM Lanny Ross will sing his own composition, “On Guard, America” during a guest appearance on “Musical Americana” at 7 tonight, WENR. »

THIS EVENING

(The indianapolis Times is not responsible for inaccuracies in program sanounce-

ments,

caused by station changes alter press time.)

INDIAN AROL 1S WFBM CBS “NET, i

Waltz | Time Tennis Summary Jovee Jordan _ World Today

Tc arol Marsh Freddie Miller Syncopators News

State Fair ”" "

Home Eattion

-~ a.

Dessa Rord Joe Venuti Dick Keed Inside Sports

Heirs

Missing

ARID ans

PEE

First Nighter Horace Heidt

LET ame

We, Prof ”

the People Battle

Quy 72

Glenn Miller N

ws Unannounced ___ Singing Cop

- UI

Doghouse " "

- uy - tri

Amos and Andy Dance Music Second Husband

LOSD BEER waren

ews Baseball " "»

News Jaek Chapman Basehan War Review

1n:on 10:15 10:30 1:15

1:00 Musio You

INDI ANAPULIY WIRE 1400 (NBC-MBS)

Admiral Walsehe

Iohnny Presents "

of Sexes

Meredith, Willson

Tommy Dorsey

Pleasure Time War

News Outside | ooking In w ant

George Hamilton

—

CHICAGO WLEWENR (NBC N

Rocky Gordon Malcolm Claire Ireene Wicker Bud Barton

Easy Aces Uv nannounced Last Persons Baker & Denton News Winslow Army Education H. Kaltenborn

shields’ fohnnv Presents

CINCINNAT) WLW 00 (NBC-MB§)

Cotton Queen

Tom Davis Lowell Thomas

Revue

Information Please Horace Heidt

Musical Amer. Rattle of Sexes

Cleve. Conway Meredith Wellson Rhumba Band " -

T. R. Yharra Ink Spots Wyman, Conley

Tommy Dorsey " "

Doz House " " Pleasure Time Paul Jones

This Is The Railr Gen, _Disau ue

Peter ig

Ross Pierce Gardner Benedict

Review "

Vaughn Munroe Musto You Want " " Deke Moffitt Deke

Raymond Scott

Moffitt " Moon River " "

WEDNESDAY PROGRAMS

INDIANAPOLIS WEFBM 1230 (NBC Net.)

et, Early Birls " ”»

WIRE J (NBC-M

Dawn Patrol

Rasonologv News

Kitty Kelly Mvrt & Marre Hilltop House Stepmother

Man Midstream Ellen Kathleen

David Harum Road of Life Against Storm Guilding Light

Linda's Love

Short Story Life Beri Biz Siste Jenny's Stories Raw Smith Girl Marries Sone Shon __ Kitty Keene

Mey

Farm Circle " "

non 1n:15 In.an 10:45 11:00 1:15

Homemakers State Fair

Farrell singin’ Sam

Farm Hour

— je i Ed

Markets. Farm Hou Reporter Dick «Reed

Mary Marlin Ma Perkins enner Young ver & Sade

Dr New Fletcher Wiley v Son & 1

Malone s

| tt | ees Er

Society Girl State Fair Soloists _ Wheeler Mission

nn “Lecture F Rall 15 Melody Matinee X Hits and Bits 5 » “

Yir— Cy) — “3

Stella Dallas orenzo Tones Widder Brown

irl Alone Beautiful Your O'Neills

State Fair

Kathleen Norris Bevond Valleys State Fair Scattergood

Waltz Time Hedda Honper Jovee Jordan World Today

Ed 2

g n33

Home Fdition S. Reports

! | ! | mans KARA IIIS i a= = El —

KEY NETWORK STATIONS |

| MUTUAL—WOR, 710: NBC-BLUE—WJZ, 760:

$1 1s Worth $1.

INDIANAPOLIS 0 Ss)

Mai ket Reports

I Married Randolph Norris

Woman of Courage Bil

weather

Backstage Wife

C PINCINNAT ) WLW 0

Clem & Maggie Checkerboard

Time to Shine News

INDIANAPOLIS ¢ WIBC 1050

Devotional Symphony Breakfast

”» "

Jam " Lone Journey Portia Blake

Man | Married Midstream Ellen Randoinh Kathleen Norris

News Bright Spot Mav Robson Devotional

Memory Lane Music Magie Organ Moods Home Folks

Linda's Love Road of Life Azainst Storm Guilding Light

in White

Friendly House Woman

Editor's Daughter ’ " 0O'Neills Hour

Community Hal)

Le C astletime

Editor's Daughter

Noondav Rhythms Tones Parade of Bands Bov Greets Girl Ranch Bovs Licht of World Novatime Grimm’s Dauzhter Sunshine, Melodies Valiant Ladv etty Crocker

Marvy Marlin a Perkins Penper Younes Vie & Sade

Backstage Wife Stella Dallas Painted Dreams Kitty Keene

Houseboat Hannah Beautiful Life Miss Julia Elizabeth

Hanpiness Julia Blake Farm Hour

Musicale arlin Bros Capitol City

Haven of Rest Mary Galbraith Concert Hour

Buy Indpls. " "

Request Time ' “" Bemis

Around Town Follies ” " " Six Hoosiers Lowell Thomas

(Subject t to o Change):

WHK, 1390; WHKC, 640; CKLW, 1030; WSM. 850, WOWO, 1160; | NBC-RED—WEAF, 660: WTAM, 1070; CBS—WABC, 860; WIR,

WLS-WENR, 870; KWK. 1350. WWI, 920; WMAQ, 670.

750; WHAS, 820: KMOX. 1090; WBBM, no.

10 in Canedat:

Nazi Propaganda Debunked

MAX B. (00K Travel Writer propaganda efforts courage Americans from visiting Canada through false rumors regarding passports, high prices. lack

By Times

Nazi to dis-

of food and possible internment were

today by

exploded investigation Newspapers

following an Scripps-Howard

The investigation was made following serious curtailment of tourist travel to Canada because of rumors spread throughout the United States to the effect that Americans Canada must supply passpay extra fees, to internment

AM ERICAS NOW

visiting ports, ject or On the contrary, it was learned: That Canada, always easy for United States visitors to enter, is now easier than ever. 2. That United States citizens returning from Canada may re-enter the United States without trouble, 3 That the American dollar is worth about $1.10 in Canada through exchange, 4. Food is more plentiful and food prices are lower. Immigration officers at the border and other points are extremely friendly and courteous and are under special instructions to see that American visitors are welcomed with open arms No assports are needed by Americans either in entering Canada or in returning to the United States. To satisfy the United States immigration authorities all that is needed is some document of identification, such as a birth « or

might be sub-| conscription | and would find food prices sky high.

~mar- :

riage certificate bills, Social

club ecards, tax Security card, driver's license or something of the kind. A voter's certificate from a local election board would serve An employers letter certifying employment and giving tourist's address and period of residence in community will do. An operator's car registration certificate, life or accident insurance policy or natural1zation papers are satisfactory. One recent, visitor to Montreal, in fact, identified himself with his commuter’s ticket on a New York railroad. It carried his name and photograph and proved sufficient for the immigration men.

ITNT | EXCURSIONS

SPECIAL ROUND TRIP COACH FARES Good on Specified irains only for details consult agents

SATURDAY NIGHT, SEPT. $7.00 PITTSBURGH

SUNDAY MORNING. SEPT. $2.50 LOUISVILLE $3.75 COLUMBUS $2.25 DAYTON $1.50 RICHMOND

leave destination Sun. Night

Returning

Phone Riley 9331

PENNSYLVANIA

DEAR Hey Ns

CHECKING ACCOUNTS With Complete Commercial Banking Service

THOR LET

TIONAL BAK

at Indianapolis

Pennsylvania and Market Street

Investments

Indianapolis Bond and Share Corporation

129 EAST MARKET STREET

Oldest Loan Brokers In the State,

The CHICAGO

146 EAST WASHINGTON STREET

On Everything!

Diamonds, Watches, Autos, Cameras. lothing, Shotguns, Ete.

JEWELRY CO. INC.