Indianapolis Times, Indianapolis, Marion County, 4 September 1940 — Page 17

WEDNESDAY, SEPT. 4, 1940

THE INDIAN

England Has Plentiful Supplies, but Her Pro blem Is to Protect Sh

By JOHN T. FLYNN Times Special Writer hs year ago Adolf Hitler sent his war-buzzards over Poland. That our military and economic experts to their chart-making and ties and their prophecies. Certainly the military experts

‘statistics

cruelly astray on the relative strength of the rival combatants. the economic experts, the test of their forecasts has not yet

L 10 was not the slightest doubt about the great superiority CC Shomie resources of the Allied powers. As war approached, that riorit Vv was so great that many economic experts predicted Gercould not stand a year of active warfare. (he Russian pact in August, just before the war started, made inge m this opinion necessary. The Germans said that pact England's blockade. But, as a matter of fact, the Polish campaign lasted but a few weeks and the French drive only a month. Germany has not had as yet to go through a year of active warwith voracious consumption of materials. Of the year of nine mont! hs have been a period of idleness and preparation he German armies fhe war—with France beaten out of it—has taken on a expected character. At first observers asked “Can England 13 " But now we see England being subjected to a blockupon her economic resources. It is now an economic war lifferent in each camp. and has enormous economic resources. Germany's are severely in Important fields. England's empire and her great merchant with all she neéds. She can get possessions of these Her problem is to get thein into England after she

oroke

fare

its

vide her

ne goods

annot get possession of an unlimited supply of goods. that she can get she can bring into Germany. Gerfare on English ships has resulted in the destruction of tons—the Germans say far more. But England says she than replaced these losses by new construction leases and

WF 11

1e Sh e has plenty of ships. She has a navy that can

PRICES UP

protect them right up to the English waters. She has the gold, the foreign credit to go on buying for several years. She has access to oil, coal, iron ore, grain, foods of all sorts. Her troubles begin when these things approach the English coast. Germany has been destroying England's docks, her landing facilities. Since great modern ships need modern wharves and loading machinery, this is a severe loss. It tends to slow up shipping and produce congestion. What economic blows Germany has inflicted in Britain by her attacks upon British shipping near home, one one knows. Germany, for instance, does not have to distribute her sea war over Britain's whole commerce. British oil supplies must come by sea, and’ by concentration on these Hitler might paralyze Britain's resistance in the air. Britain has large oil supplies, particularly of high test gasoline for air uses. But there are no figures on how much of this has been destroyed by German air attacks. Of course, England’s economic system has suffered already a terrific blow, It has been literally jarred out of gear. Her foreign trade, so essential to her life, has been cruelly wiped out in places and disrupted in others. Her Mediterranean trade is gone. Her Eastern trade is shattered. The war cost is staggering. Britain began the last war with a small debit. At its end that debit was 32 billion dollars. She had to begin this one under that load. What additions have been made to it are still uncertain. The war this year will cost around 14 billion dollars, and half of that will be met with borrowed money. British taxes are crushing. The possibilities of milking the rich are exhausted. The small man is now being ground to the earth. England faces this grave situation courageously. But the economic effects when the war is over will be cataclysmic. However, there is nothing to justify any prediction that England's economic resources will be exhausted in a year or two. The problem of the German High Command is not an economic one but a military one—the problem of preventing vital resources from entering England herself. Whether Germany can do that is a subject for the military experts.

FINAL NEW YORK STOCKS

et Low Close Chang

A 39 GENTS

{ Abbott Acme Adams Air Redu Alasia Juneau. Allegh Corp Cp p pf Cp pf $30 ww Sp PL XW

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MEEK"

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By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

Net Close Chang 178

Low 12 4! . 4 135s

3134 8's

High 17s Ta . 4% prof 4% 1414 323 Sg

Manati Sug .. Yesterday 10.32 Marcaibe. Ex

| Week Ago -1.54 [Sonth Ago veers 5. —0.15 -—0.08

bane

Mar shall Martin (Glenn) Martin Parry . Masonite Corp Mathieson May McCall Corp. “ McCrory oa 20.10 McGraw El . 0.36 McKeesport ... 9b | MeLellan St -—0.04 | Mead Corp _0.00 | Melville Sh TAT Mengel Mengel 1st pf Mesta Mach Miami Cop ... Mident Pet ... Midland Stl . Midland Stl pf | 29 | Minn-Moline { Minn-Mol pf Mo-K Tex Mo Pac pf Monsanto Mont Ward ... ESS...»

Fld

Cope

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Naas Le GD

(1940), 152.80; Low, (1939), 155.92; Low, 121.44,

20 RAILROADS

High High

0D bt bt la BS 1D -

BD bt bt fn 05 UII DOD «1d UIE = 170 5000 BS vin obs bn

28.00 2% 26.51 29.16

Yesterday Week Ago

tS ro 83 Wo BRA AEDN

| Year Ago .. High (1910), High (1939).

32.6%; Low, ? 35.90; Low, 24.14. 15 UTILITIES

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2%: 15; Low,

7.10; Low, 20.71.

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APOLIS TIMES

PAGE §

PAGE 17

1ps

they're getting there.

STOCKS STAGE A LATE RALLY

Trade Quickens on Upturn; Bonds Also Improve At New York.

NEW YORK, Sept. 4 (U. P.).— Stocks staged late rally today to close higher the fourth

for

* imoved uncertainly through the * | first four hours of dealings. «| Trading quickened on the late upward movement and volume for the session about matched yesterday's moderate pace. Bonds were featured by gains [running to 4 points in British Em"I pire issues.

improved.

(was off 1% con- |

1a . : : | *| secutive session after the list had "

Domestic corporates |

{ Sept

ON THE RADIO

TONIGHT

6:00—Quiz Kids, WLS. 7:30—Columbia Concert, CBS. 8:00—Kay Kyser, WIRE. 8:30—Pan-American Union Concert, WENR.

The U. S. Marine Band will play a Pan-American Union concert at 8:30 tonight, NBC-WENR Ro dolfe Cueto, the Cuban tenor, will be soloist. Earlier in the evening (7:30) the Columbia play the “Pelleas and Melisande” Suite of Sibelius. This is drawn from the incidental music Sibelius composed to the Maeterlinck play

which Debussy based his opera.

Barrels of oil are still being loaded for beleagured Britain—and

Corn Prices Dip As Wheat Gains}:

Sept. 4 (U. { September contracts led the wheat {market to higher ground on the, Chicago Board of Trade today but | corn prices reacted sharply to late | pressure. Other grains, particularly rye, reflected the improved tone of wheat. Wheat closed ': to 4 cent higher, September 75's @753% cents. Corn| cents to up 1's cent,| September 62%: @62': cents; oats off ls to up 'i cent, September 30 cents’ bid, and rye to 1 cent September, gained !2 to 1 cent, October 73 cents bid.

CHICAGO

| | |

RANGE High Low

Close $

Wheat— Sept

1 1

Corn—

News of market import generally |Dec

> {was favorable Lut traders were dis8

| May Oats—

posed to operate cautiously through Sept

e | the early dealings and some leading Dec

| groups were easier, However, selec(tive demand lifted many issues to| | fair gains. When buying spread, thin offer- | ings were disclosed and the entire | list moved forward. Rails were leaders of the ‘rally. New York Central, | Northern and Delaware & Hudson .| rose a point and more each. =| Just before the close, so hard pressed that

4 8 8 3 4

he 3% 8

late

”

»| All sections were moving forwatd |to new highs since the May break | 2 lon Germany's invasion of the Low | Countries.

LOCAL PRODU UCE

6 6

R 12 23z | Norwich Pharm 14% 141; lg) 6's 15 11

{Ohio Oil Oliver Farm Ee Omnibus : . |Opven Coll | {Otis Elev . | Otis Steel Otis Steel pf {Owens Ill Glass !

NNR

Flintkote : Florence Stove Foster Whee] . Francisco Sug..

w a

4 15%

CF ht DOr hn bt sk 1D et pn CO LO CAD Bn OO tn NO LI 00 00

1 1

we Wood Ind am Tr ... 48 Baking Bronze Cable .... Cable A Cable pf Electric Foods .. Mills ‘a Mills pf 2

~ Oe D ow

2} | Pac Am Fish | Pac Coast 3 of | Pac Coast 2 of. | Pac G&EIL wes 393 [Pacific Mills ... 10! iPaec T&T .....125 {Pac T&T pf ...150 {Pac Tin Cons 4 {Pac West Oil 6% | Packard 315 Pan Am Airwaves 14% | Panhandle : (Pore Co zx | Paramt Pict 1; | Para Pict 2 pf Parke Davis 3 Pri

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- »

Inspiration

”

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‘8

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B tq Va

3g | Expenses Ya Receipts

1s | Work Bal. 134 | Gold Res

14 | Tide —1-16| T W A Oil - Jai Timk D Ax : 134 Timken RB..

R 4] Rr 8 R

2|{ Union | 1Y

Y2/va I C&C

"3% | Woolworth ve 1g | Yellow 38 | Ya

Heavy breed hens, 12c: bareback l11c; Leghorn hens, 9¢: bareback Leghorn 2 | hens, 8c; Barred and White Rock springers, 1s (dd: other colored heavy breed springers 13¢: Leghorn springers., 12¢; bareback * | springers, 10c; old roosters, 6c { Indiana Grade A large eggs, 2 {Grade A medium eggs, 18¢ N Butter--No. 1, 30@30'.¢ 28'ac 1. 25¢; (Country prices Wadiey Co.)

U. S. STATEMENT

WASHINGTON, Sept. ment expenses and receipts for the current 4 | fiscal vear through Aug. 31, Corpared with a vear ago s ear

| Gross Def. { Net Def. | Cash Bal

: Indiana Ye, 2. 284 24c

quoted by the

butterfat. No 2

pickup

24 727.825.6202 201 901, 2.231 1.539.275 3 40.891.2 16.645 065.189 82 52,740,468 79

HOUSE £3.136.000 7.599,000

413,803.77

00 r+ 00 00 wa Dr ANTI

s | Pub. Debt Customs

NPlaNaroLs CLEARING Lleatings ‘ reas

Net Close Change 63g 1 Sly

Low

6 53%

High

1 Corp Corp

“I wD »

“

DI nL NARS

{ Thermoid | Third Av Thompson Ww

> A

Ry Pr .. Oil pf

Naa

Transamerica . Tr & W Air .. { Tri Cont “eh | Truax Tra “h [20th Cen Fox 20th C F pf | Twin Coach

Und Ell Fish . Union B & P Carb

Pacific pf Tank ced Aircraft n Air Lines .. uU Biscuit Carbon Carr Past United Corp | United Cp pf United Drug Un El Coal Un Eng & F United Fruit Un Gas Imp Un Gas Imp pf 13, n S Dist pf 7 8 & For Sec S Gypsum S Ind Ale . Leath A 3 Pipe& P .. 2 Rubber _.. ? Rub 1 pf . Smelt ol Steel 3 reel of Un Stk Yd pf Un Re A i. Un Stores pf 12 Univ Cyveips Sti 1s: 2

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| Woodward 33% Worthington | Worthing pr pf iss,

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$1.69 373 67 ex 548.053 1 165,208.02

May

Great |

I tickers were ! transactions pa. 15 | Were printed in abbreviated form.

hens, |

4 (U. P.).—Govern- | Dee

May Rve—

Soy Beans

WDD 1

S20 8 vin

Asked: bBid.

4 hard

Wheat—No N , 634 683;c; |

tough, 76':c No. 2 yellow, nominal. Oats white, 32% @32's¢ No. 4 w . 30'2c 2 whi heavy No. 1 mixed toufih 29'.c sales. Barley 77 46¢c, nominal Cash Provisions loose, $5.07, nominal; | lies, $7.75.

No 1 1

Rye No mal

feed nominal nominal bid; bel-

malting. 49+

52¢; 161c, 85 01. ‘leaf, $5.2

WAGON WHEAT Indianapolis araip, Se ators are paving fo wheat subject to market | rar: other aden on their merits, Cash corn, 0. 2 vellow shelled, 60c: No. | white shelled. She: No. 2 white oats. 27. WINNIPEG WHEAT High Low Close

73528 .733 4% 8 T4%% .T4%sa 7

Pre Close Oct . $

aAsked.

Knox "Premier" quality dres smart shades for fall, 10.00.

with insole moulded to fit your

higher, | ¥. 403%; cents bid. Soy beans/| ~-

“Quiz Kids,” formerly heard Friday evenings, switches to a week spot—~6 tonight, NBC-WLS.

u o

That other top-notch quiz pro- |

gram,” Information Please.” has

gradually acquired the most talk-|

ative control room in radio. From engineer down, they guess the answers. The program's regulars, John Kieran and Franklin P. Adams,

never heard Ste of $he programs, =

Concert Orchestra will]

mid- |

even when they missed a week. They refuse to hear recordings. Oscar Levant, biweekly guesser, says he avoids hearing it. They are afraid, | they say. The encyclopedias are donated {for the advertising the publisher gets. He limits it to four sets a | program but the misses on an ave‘rage don't get close to that. “Information Please still is one of the few quiz programs that refuses to [show answers in advance to any candidate.

n n first broadcast for his new sponsor will be Tschaikowsky's “The Lonely Heart.” The series begins Oct. 4 . . . The “Man|hattan at Midnight” show boasts [it will use 86 sound effects and five sound technicians in tonight's program.

ou { Arch Oboler’s

” n ” Margaret Culkin Banning will point out ways in which adult edu- | cation may be obtained during her It Looks From Here” program at noon tomorrow, NBC-Blue . .. The Kit Carson National Forest in New Mexico will be described during the | “National Farm and Home Hour” ‘at 10:30 tomorrow, NEC -WMAQ.

”

THIS EVENING

(The Indianapolis Times ts’ not res aouncement caused bv station changes a INDIANAPOLIS WFBI] 230

(CBS Net.)

Waltz Time Hedda Hopper Joyce Jordan World Today

Concert Musie Freddie Miller Syncopators News

State Fair

Home Edition U. 8. Reports

Dessa Byrd Snorts Review Dick Reed Easy Aces 6:00 6:15 6:30 6:15 7:00 115

. Quest ion,, Bee

Men at Work Democratic Com.

Star : Theater Mr. Meek

Playhouse » ” Pla ntation

1:30

ie District Attorn

INDIANAPOLIS WIRE 1160 (NBC-MBS)

Abbott & Costello

in program

CINCINNATI WLW 700 (NBC-MRBS)

Elizabeth Bemis Follies Six Hoo Lowel! “Thomas Pleasure Time Baker & Denton Don Winslow Peter Grant

Playhouse

onsihle for Jnteenracies ane

ter press time.)

CHICAGO WLS-WENR 870 (NBC Net.)

Rocky Gordon Malcolm Claire Ireene Wicker Bud Barton Easy Aces Lost Persons News Grace Wilson

Quiz Kids Manhat’ n Midnight Plantatiop New

Ted ‘w eems Our, America

Abbott & Costello

ey Distriet Attorney ~» "

8:00 Glenn Miller : Public Affairs War News _ Genevieve Rowe

Kay Kyser ” ”

” "”

” »

T. R. Ybarra Rhumba Band

Kay Kyser Pan-American Con. "

Amos and Andy Lanny Ress Dr. Christian

Glen Garr Dick Ree Baseball

"News King's Jesters Baseball Ray Herbeck Record Program

Freddie Nagel

Marvin Dale

Musio You Want

Dance Musie Paul J Paul Arnold George Damerel

10 O'clock final ” ”

” »

Bobby Byrne

Musio You Want Gardner "Benedict

Jerry Shelton Raymond, Scott

Herbie Holmes Moon River

THURSDAY

INDIANAPOLIS WFBM 1230

4 (CBS Net.) (NBC-MBS

INDIANAPOL WIRE 1400

PROGRAMS IS INDIANAPOLIS CINCINNATI WIBC 1050 WLW 700

) (NBC-MBS)

Dawn Patrol Market

Dawn Patrol ” ”

Early Birds ” ”»

Basonology News

TT Kitty Kelly Myrt & Marge Hilltop House Stepmother

Mary lre Taylor Life Begins Big Sister Aunt Jenny

Kate Smith Girl Marries Sone Shon __ Kitty Keene

~ Mrs, Farrell hy ”"

Midstream

Kathleen Norris

David Harum Road of Life Against Storm Guiding Lizht

Linda’ s Love

State Fair

Singin’ Sam

Women in New Farm Hour

Markets. Farm Hour Renorter Dick Reed

Mary Marlin Ma Perkins Pepper Young __Yie & Sade

Rackstage wif Stella Dallas Lorenzo Jones Widder Brown

Girl Alone Beautiful Life Citv Today O'Neills

State Fair ” ",

0ld-Tyme Bob Howard

Farm Circle “ "

Malone News Fletcher Wiley My Son & 1

~ Soc iety Girl

ck CE

fee

¥ riend in Deed Adven, in “Science | String Souvenir Hits and Bits

DNR

Wisse

3:00 “Kathleen Norris 2:30 \

3:45

aon | 3

| 4 130 os

G. . Scattergood “Wa Itz Time

oh Edze Jovees Jordan World Today

MUTUAL—WOR, 710; WHK, 1390;

Reports

Man I M arried

Ellen Randolph

Editor's Daughter Homemakers Hour

Woman of Courage

weather

Girl

Devotional Symphony

Breakfast Jam » ”»

Boom County Clem & Maggie

Time te Shine New

on Journey Portia Blake

” ”»

News Bright Spot Band Wagon Devotiona 3.

Kathleen Norris

Linda's Love Road of Li o Against Storm Guilding Light

——————————— Woman in White O'Neills

Memory Lane Words & Musio Organ Moods _Home Folks

“Frigndly | House

Community Hall

Goldber Castletime Editor's. * Daughter

Noondav Rhythms Hapniness Bill Jones Fa arm Hour Rand Parade oo Boy Greets | Girt

Ranch Bovs Novatim Sunshine, Melodies

s » Light of World Grimm's Daughters Valiant Lady Ch urch Hymns

Mary Marlin Ma Perkins Penwer SRE Vie & Sade

Musicale ” ” Capitol City ” »

Backstage Wife Stella Dallas Painted Dreams Kitty Keene

Houseboat Hannah Beautiful Life Miss Julia Elizabeth Bemis

Cotton Queen

Haven of Rest Serenade Concert ,, Hour

Buy Indpls. » » Request Time ”n ”

Around Town

"» ”»

Tom Davis Lowell Thomas

KEY NETWORK STATIONS (Subject to Change):

WHKC, 640; CKLW, 1030; WSM, 850,

I! \BC-BLUE—-WJZ, 760; WOWO, 1160; WLS-WENR, 870; KWK, 1350.

| CBS—=WABC, 860; WIR, 750;

_L. S. AYRES & COMPANY __

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