Indianapolis Times, Indianapolis, Marion County, 1 October 1940 — Page 17

"TUESDAY, OCT. 1, 140

BUSINESS

Real Estate Financing in Indiana . Is Setting Pace for Entire Nation

—_— By ROGER BUDROW

REAL ESTATE FINANCING IN INDIANA is moving along at a brisk clip, according to the report issued today by Fred T. Greene, president of the Federal Home Loan

Bank of Indianapolis.

There are 214 savings and loan associations in Indiana and Michigan that are members of the Indianapolis bank. In the first eight months this year they loaned 40 million dollars to persons wanting to build, buy, repair or mortgage homes. This is nearly 10 million dollars ahead of last year’s

‘German Employees Fired; Exports Falling Off; Drillings Halted.

By THOMAS J. B. WENNER

Times Special Writer

MARACAIBO OIL FIELDS, Ven- | ezuela, Oct. 1.—The war abroad has finally struck at the great Lake Maracaibo oil region of western Venezuela. And Venezuela, in the world market, spells oil. About 50 German employees have been dismissed by the oil firms (Dutch Shell, Standard Oil and

first eight months.

Gulf) in an effort to co-operate

The Indianapolis bank showed the best improvement of any of the 12 such Federal banks in the nation, Mr. Greene was. told in Washington last week. Not only did it exceed the other banks in this year’s gain, but same last year. That does not mean that aE building activity and financing is Roger Budrow better in this area than in any other place in the country but it does mean that the Inroygment here has been greater, Greene explained. A South Bend man recently told Mr. Greene that a ‘{boom psychology” is growing in [that northern) Indiana city and all kinds of property are changing hands. The opti- | mism was attributed to defense business pouring into Studebaker, Bendix and other such factories. Mr. Green: was given a ‘blank check” at last week's meeting with Jesse Jones, Federal Loan Administrator, He was told tha Washington believes there are five “hot spots” in Indiana as to housing. These are Charlestown, Ft. Benjamin Harrison, Muncie, South Bend and Hammond. If there is not enough private money to finance homes in these areas, the Government will see to it that the money is forthcoming, Mr. was told. | 2 =» |» A RADIO BEAM will soon be used in making beer bottles That startling innovation in glass-making was revealed today by the Owens-Illinois Glass Co. which claims its new “duraglas” is stronger, lighter and more durable than previous glass products. The radio beam is wsed in deter-

it - did the

with the government to forestall possible damage to property. All remaining German employees have been warned they will be held accountable for any damage to wells and equipment. The story of the war's effect is more subtle, Fabulous wealth has come to Venezuela from oil, although 23 years ago it was producing none at all. It is now the greatest exporter and second greatest producer. The blitzkrieg abroad has upset calculations of dopesters and ail executives. Instead of Europe’s armies ‘becoming increasingly dependlent on American oil and gasolines, Europe's “short war” has sent west-

PORKER PRICES ARE UNCHANGED

Buyers Fail to Cut 10 to 15 Cents From Monday’s Quotations. Hog prices at Indianapolis today |

were the same as yesterday's, as Agricultural Marketing Service re-

Greene 2 oa

ern hemisphere producers looking for markets. War-time restrictions in Great

ported. Buyers tried for-an hour or more to knock 10 to 15 cents off the quotations but sellers finally won out | Britain on civil use of gasoline so and received the same amount of far just about offset increases in money for their hogs as they did | war consumption, according to Ven‘yesterday. The top stayed at $6.45 (ezuelan experts. Expense of confor 220 to 230-pounders. lvoy is also a factor in reducing exThe Marketing Service said all | ports to Britain to an absolute minhogs were sold by noon and some |imurh. : late out-of-town orders came in| British tankers are getting after that. | through to Curacao, Dutch West The supply of fed: steers and | Indies, site of Shell's refineries. Engyearlings was the lightest for any land is buying as much as possible Tuesday for several weeks and they from Dutch Shell to conserve exbrought steady prices. Heifers also! (port of dollars. were scarce and sold at steady | American oil interests are espeprices. [cially hard hit by the turn of Buying was more active in native | events abroad. lambs and, considering the quality, | Lago, mammoth subsidiary of brought strong prices. ‘Standard Oil of New Jersey in VenTop Repts. | |ezuela, is laying off 10 per cent of s 6.30 3000 its personnel around Lake Maracai-

30 6.45 9713 bo and in eastern Venezuela. 6.55 10,3390ct. 1. 6.45 9350

| Sept. Top Rofts Sept.

in the Lake Maracaibo oil fields.

_ THE INDIANAPOLIS TIMES Venezuela Is Deep in Gloom Because Its War Oil Boom Turns Out to Be Just a Flop

Out of work . . . men formerly employed by American companies The war boom was a bust.

PAY-AS-YOU-GO0 URGED BY BANK

First National Recommends Policies To Government.

BOSTON, Oct. 1 (U. P.).—The United States, faced with a national defense program costing between 20 and 50 billion dollars, must return to “fundamental principles” to safeguard our economy, the First National Bank of Boston said today. “Thrift, hard work, pay-as-you-go, incentives for business enterprise, opportunities to advance in accordance with ability, and increased production with lower prices were listed as the “foundation stones of the American system.” “Any important radical departure from these principles,” the bank asserted, “is reactionary and unworkable, as has been demonstrated time and again in this and other foreign countries.” The bank listed the following recommendations for Government fiscal policies in “these trying times”: 1. Reduce non-essential defense expenditures to a minimum, 2. As employment increases, reduce the relief load. 3. Finance the cost of the defense program as much as possible out of current income.

Vast drilling operations PlaShed for this year and next have been cancelled. Petroleum exports of Standard

of Venezuela are off 50 per cent. Not yet so hard hit, Dutch Shell and Gulf are also laying off employees and anticipating curtailed production. Oil, of course, is still a vital factor in the war’s outcome—but not exactly as oil men here had figured it. Should the axis powers gain speedy final victory, Europe may be placed under a regimented barter economy with Berlin dictating trade terms—including terms on

4, Waste and extravagance must be eliminated. 5. To the extent that borrowing is necessary, it should be done largely by the sale of long-term bonds financed out of the savings of the general public. Such a procedure would serve as a check] 10:4 upon any inflationary trend. 6. Local and state governmental costs should be brought within our economic capacity.

RAILROAD SHARES REFLECT OPTIMISM

a o Should England win in a protracted struggle the chances of ‘relieving the depression ‘before war's end here are not good. British

tankers will come through to Curacao as long as possible; if these tankers are stopped, no one will get through until peace comes. Executives here would like to see a speedy British victory. European markets would be opened up, with partially British-controlled Dutch Shell having an edge in competition. Should Hitler triumph, oil. men here see one thing to do: depend on mass production in this hemisphere, plus shrewd marketing to wear down

oil—to Latin America.

NEW YORK, Oct. 1 (U. P). —

Ger barter economy. : : : mah ye. ~ Strength in railroad shares and rail-

Rarrows and Gilts Packing Sows }3¢- 140 § tho 5.35! 2970, 2200 ¥ fids- ho 35

1 60- 10- 6.20 180 5.80

NEW YORK STOCKS

- 5.90

- 3.85 40 Medium i 250- 5 5.65 .25 Siangnter. Ps 90- 4.40- 4.75

6 6. 5. 5. 5. 4.9

+ Net High Last Change 0. Madi 160- 200.

Alaska Juneau Slaughter Cattle

Alleg” Lud Alliad Stores ..

Am Am

434 : 227g Vealers | (Receipts, 1549) Tle

mining the fluidity of the molten

glass. The mew technic is expected |}300-1500.

to have a widespread effect upon the! glass container industry which last |

vear sent more than seven million Ase, 1500.

glass containers to market. F- 2 |» BUSINESS WEEK reports that in| Indiana the first half this year compared to the first half of last year) per cent, gasoline consumption 12

per cent, household refrigerator sales | 30° 900. 48 per cent, life insurance sales fell | Good —- 4 per cent, farm income rose 13 per | Medium cent, electric power output rose 3 .500- 900. per cent while heavy Spnstruction | 500-900

fell 17 per cent. ” 2 2 &

TOKYO AUTHORITIES today | disclosed that the Japanese Government is planning to assume control of fishing operation in northern! Pacific waters, scene of frequent dis- | putes among Japanese, Russian and American fishing interests.

ood The Japanese Government will | Sond an and meditm .

CHICAGO LI LIVESTOCK

subsidize -a company to the tune of 21 million dollars to enable Tf tematic” fishing of these waters,| bordering on Russian Kamchatka

and the U. S.-owned Aleutian Is-| 3% oo

lands.

2 ” 2

ODDS AND ENDS: Discovery of more active than Monday:

a new tin deposit which may yield |meag [steers

about 15,000 tons of pure tin a year)

was announced to newspapermen in,

Cairo, Egypt, officials.

today by

plans to establish New York City as the world’s fashion center. The current liquor price war in New |¢ York reflects the “economic futility”

of retail price pegging, according to] 1

Q. Forrest Walker of Macy & Co. | . August sales of milk in the] U. S. brought 128 millions farmers as compared to 118 millio the previous August, according to the Milk Industry Foundation. With the old supply of harmonicas from Germany, Italy and Czecho- | slovakia cut off by the war. a short- |. age of these instruments threatened but now a molded plastic mouth %rgan has been made in the U. S. The Rritish Treasury spent nearly 6 billion dollars on the armed forces in the first half of its fiscal] vear and Government spending for supply services resulted in a deficit ~f more than $4.600.000,000. The New York Times says Japan may have enough scrap and raw | steel to last a whole year, at the rate they used it last year.

(as | choice

passenger car sales rose 29 Gooc 750.

| Shona 3

|Good and choice .............. $ 8. 0a 8.7 78 Medium and good COMMON ,oouorevirinuvininhs .e

Egyptian | 38 3 representative weights . The New York State fis.

Chamber of ‘Commerce is pushing | i

Jabot steady with Friday's dec to topped at $9.35; n: jagtives $9@ 9.15;

- decks good to choice around 90-lb.

1246-260 1bs.,

LOCAL ISSUES

The following quotations bv apolis Bond & Share Corp. sent actual price offerings, ifdicate the approximate pased on buying ‘and of Ypcent transactions. Stocks

t< Pinance Corp com.... fee ‘RR & Stk Yds om . 52 k Yd $f Beit RR_& Stk Yas 3 : 1312

Central Ind Pow 7 Home T&T Ft Way ne ki pfd 50

but arket

Bid "1

Ask

9 568

8, Fook Drug Inc com 13% L107

«Indnls indole ot a Ja Tinton Nat| Life Mrs com.. 2 ‘ d Pub Serv 5'27% D N Ind Pub Serv 6 7% vpfd Ind pad er 1 pid. . ess Laundr 1 oh Fin serv Col|of Ind 6% pid’ iw Pub Serv Co|of ny 7%» vid .. So Ind ak 48 2 JI oe aute ec Terre H | ES com

ican Loan 5s Ameri r oan 55, i e S - ind ds- Taylor 5s 42 t Wayne 5las..

citizens Crabbs- Revnol

cking Co 4l2s 59. 5&10 Stores 5s 50 water Works 5s 65. 1k Hosiery ns Nat Sub gery Jus 69 N Ind Tel |4Y 55 es 55 Pub Serv 3 of I Ind 4s 69. 30 0 >S PUD Sand Water Wks 5s ‘57. -104%% Trac Term Corp 5s 57 735

Muncie

WAGON WHEAT

13 rain elevators are paying gor Ne. wheat des on TEE ent Cash h p rades on change, OUN9¥ Fellow shelled, 59c: 2 white shelled, 67c; No. 2 3 white oats, %3%.

the Indlan- | $10. 50®11.50. Sheep—1000; do not repre- good lambs, merelv (81-1b. m level and medium, $6@8:. mixed lot to around selling quotations $8.50.

market steady:

Bulls LY (Yearlings exCiiden) 11. 00 Good + 751100 1300. 11. 6.50- 7 a0 Am 1 5.75- 6.75 Am

JAm 5.25- 5.75 [Am ealers

9.00-11.00 7.00. 9.50 |

y 7.00 | stocker

Sausage. Medium ICutetr and 750- 900. 0! common 900-1100, 0 y 11100-1300.

a Metal [am 4m B Am Am Am Am Am

On -

Gr. GI

— Ot

50-1 1100. 1100- 1300. nmmon-—

1. 50- 9. 7 ‘cull Co F 730- 1100.

6.00- 7.50! Heifers

Seating ... Stl Fdies..

Ste (Receipts, 691) 0

9.25- 10. 25-10.

CAN BRR RLAANDD

0 m | Anaconda | Armour Del pf 106 = | Armstrong Ck.. 3 | At Ae

Atl Refining. . viation Corp..

00 50. 10.75-11. 7, 5

—

N= =o WB LO DD 3 3) IO 00 LO 100 ~T

|Good— 9.75-11.00:%500_ "309 . Heifers 1300-1050.

Mediu 10.75-11.75 500- 1000. Com mo.~ 9.75-10.75, 500- 6.25- 7 30. nil

Ca 7.50- 9.75 Good and choice—

500 down 9.50-11.25] 3.50.7 7.50 ed 8.054 9. so. | Beth Steel 20 | Beeing Air ... 5.75- 6. 501 500 down 8.50-10.00 | | Borg-Warner. 5.75- 6.50° Calves (heifers) Bklyn & G Tr.

Good— - 0- 5.751 500 down 8.50-10. 2 Budd “Mis © or 4.50 Medium— | Budd pt.. 5 500 down s pt 181;

42 —B— 161%

1100.

Bald Loco $b, . Bendix Avn.

ood

| Cutter and common 4.5 Canner .. 3.50-

SHEEP AND LAMBS (Receipts, 1418)

Va Yesterday

[Yesterday

1 + | Macy RH

moderately active: today. Buying of rails was based on out-

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

cesseslearaosasiese 134.44 veene 120.74

+0.32 —0).66 +0.32 —1.18

Yesterday Week Ago Month ARO ...ceoceenses Year Ago High, 1940, High, 1939,

152. 50; low, 111. 84. 155.92; low, 121.44, 20 RAILROADS . 28.52 28.90 28.00 34.35

Week Ago Month ‘Ago Year Ago High, 1940, High, 1939,

32.67; low, 22.14, 35.90; low, 24.14, 15 UTILITIES

of Boston |

road equipments featured a higher, stock market

: TONIGHT : 7:30—Information, Please, WLS. 8:00—Jessica Dragonette, WENR. 8:30—Prof. Quiz, WFBM, 8:30—Fibber McGee, WIRE.

TOMORROW | 12:30—World Series, WIRE.

Tomorrow in Cincinnati the Reads and the Detroit Tigers open the World Series. If you don't have tickets, and want to follow the play, tune in WIRE. Mutual has the exclusive broadcast rights, WIRE is Mutual's Indianapolis. affiliate. The broadcast will start at 12:30 p. m. (Indianapolis Time), with Bob Elson and Red Barber as announcers. Mel Alle has been assigned the “color” an “between innings” role. Baseball Commissioner K, M. Landis ruled yesterday that any radio station may broadcast a “reconstruction” of ‘each game after it is played but must be sure to say » » ”

TUDIANAROLIS WFBM

INDIANAFOLIS WIRE 1400 (CBS N Nets

(NBC-MBS)

PAGE : 17

ON THE RADIO

it is a “reconstruction.” This leaves Columbia and NBC stations out in the cold as far as broadcasting the series from the ball park itself. Gillette Safety Razor, sponsor, paid $100,000 for the broadcasting rights. Mutual announced that the network has taken an option on the 1941 rights. ; 2» un Prof. Quiz has had a 10-day trip through Canada and a theater en=gagement in Milwaukee. Tonight at

8:30, WFBM, he returns for a 26week series in the same quiz style he has been using.

: ® Clare Boothe who wrote “Spring in Europe” will be on Information,

2-8

Please, tonight, sharing the micro«

phone with John Kieran, Franklin

P. Adams, Oscar Levant and Clif

ton Fadiman. It’s at 7:30, WLS. n ”

THIS EVENING

(The Indianapolis Times is not. responsible for inaccutacies in program ane nouncement caused by station changes after press time.)

CHICAGO WLS-WENR, 870 (NBC Net.

C INCINRaT "il WLW LI NBC- MBS)

Hits and I Bits Hits and Bits Exploring Musie Exploring Music

Waltz Time Genevieve Rowe Syncopators ews

Girl Alone Beautiful Life Home Edition O’Neills

Dessa Byrd Syomen in News Sports Ben Young

:00 Amos and Andy Pleasure Time :15 Lanny Ross Second Husband

Second Husband Missing Heirs

Inside EoTts

Johnnv Presents Johnny Presents Horace Heidt Horace Heidt

Battle of Sexes Battle of Sexes Fibber McGee Fibber McGee

First Nighter

We. the People We. thc People Professor Quiz Professor r Quiz

Norman Ross Norman Ross Paul Martin Over Paradise

Beautiful Life Lone Journey Jack Armstrong News

Li'l Abn Ireene Wicker Bud Barton Tom Mix

Easy Aces Lost Persons

ews Grace Wilson

Ben Bernie Ben Bernie ‘Information, Please Information. Piease

Musical Americana Musical Americana Your Neighbors Your Neighbors

Bob Hope Bob Hope * Doghouse Doghouse .

Glenn Miller Draft Program Modern Music Reelin

King s Jesters Baseball 5 Teddy Powell

) Elevenairs Elevenairs Elevenairs Elevenairs

News Clock Strikes Basebal

Music You Want

Music You Want Phil Levant

WEDNESDAY INDIANAPOLIS WIRE 1400 (NBC-MBS)

Dawn Patrol Market Reports

European News Dawn Patrol Basonology News

. IN PIaNaPOLIS WFBM (CBS Net ’

Early Birds Early Birds

Early

Breakfast Club Breakfast Club . Homemakers Hou Mrs. Farrell

Kathleen Norris

Stepmother Guiding Light

look for higher earnings. Pennsylvania Railroad rose a point to 23. Great Northern preferred made al new high for the year at 29's, up| 13%. Fair-sized gains were noted in| .+,. |Santa Fe, New York Central, Chesa- ,¢ | peake & Ohio and Southern Pacific. | %s | Railroad equipments joined the “rise on the large volume of war orders piling up for them and on +. | prospects of heavier railroad buying i {of equipment. Lima Locomotive rose

Pullman Pure Oil

Radio Radie- K-Or .. Reo Mot ¥te

11% to a new high at 243, Pullman] _’

gained 1’: to 237s and American Ya Locomotive preferred | 1'z points to

Week Ago Month Ago Year Ago High, 1940, High, 1939,

26.45; low, 18.03. 27.10; low, 20.71.

High Low tM 25! 2 2512 14 Martin (Glenn) Be ) Je

5 Spicer Mfg ....

Net Last Change 3

2! Texas Corp . .. 3

U. S. STATEMENT

WASHINGTON, Oct. 1 (U. P.).—Governiment expenses and receipts for the current fiscal year through Hep 28, compared with 4 year ago: This Yea Last Year Expenses ..$2,252, 439, 554. 3 $2,380,985,229.26 Receipts ,785,376.58 1,426,255,658.85 Gross Def.. 954,729,570.41 . 945,667,120.41

©. 1.701,831.031.70 1.413, 039, 304. 44 -44.087.530,888.90 40,853,620.699.0 .21,212,682,323.01 16,929, fis. 645.06 70.258.892.17

| South Rv pf .. | Sperry Corp ... 42

= Spiegel Inc .... Sozare D

3 em 0D ®ARNN SRR

NS 0 NWN

DIN LIBAN a

DLL CI Ba BD 0D 4 TT C0 Hn md ot = pn tt C= 130

— C3

— TO ht mT TNE Tit = Tobe 23 P= C=]

»o AN Coy » ean"

0 ve Syming-G ww.

Customs

Mevineson May D 8

McKessn&Rob / 5? i Vg | Minn Hny Ah Mont Ward ... Ys A ) ls Nash Kelv .....

Mfg 7.50- 8.75 | Butler Bro —C—

00- 82 Celanese 3 elote 8 ; s = 375-873 Ches & Ohio". | Soin aii, 2 - aq Co Fue : fron 21° 330 390 Col Broadcast A 19%% olum Gas .... 51 Com Solvents .. 10!4 Comwlith & So 1a Comwlth Edison 307s {Cons Edison ... 27 Cons Film pf..

+ 4 -

Ewes (wooled) and choic

igh]

Hogs—Receipts, 13,000; butchers 190 lbs. | up ie packive sows, 5@10c higher, moss 7% 10¢ igher than Monday's average: top, <r ‘3. ! bulk good and choice 300-310 iy ) ifopweld § Bee! L320, 3? [email protected]; most 170-200 lbs.. [email protected]: lighi Grane Go ov pf. 99 99- 3 [eps sows upward to $6.35; bulk 300-350 jGrans St .... 31 z whe Ibs.. $6.15(16.25; 400-500 lbs. $5.50@ 5.85. |Grucible pf .... % Cattle—6000. Calves—1000; general trade Cub Am Sug. ... 41 gH Ya | order buyers Curt Pub pf ... es more interest in | Curtiss Wr vee 3, 3s 3 A re supplies: strictly good and choice Cutler Ham ... with weight, such kinds 10@15¢ higher; outside demand still narrow; good nd choice yearlings and all other grades | Deere & Co strong: top, [Dev & R A very little above $12.50; best year- Dist Seag $12.50 in load lots: mostly $89.50 | Dome Mines ... Western grass steers with [Douglas Aire .. selling at $9.50 down to $8.50 on Dow Chem .. both killer and replacement account; re-|Du Pont . | Placement tharket strong, mostly 25¢ higa- Du Pont pf vearling led uptuigt 99 $9 to $10.50; fed | ifers strong to 25c higher; best $11.75 cows and bulls steady; vealers 25c highef East R Mill .... $12 down but approaching Jewish holi- | East Kodak s a weakening influence on vealers. Elec Auto-L Sheep-—3000; late Monday lambs closed Elec Dur & Lt . average, 3, Equit Bldg sorted “Utah to choice (S859. | |FRir Morse after slow |p top, $9. spon 6 linikare ash good to choice natives, $9.15 Sabri) 2 @9.25; yearlings strong to shade higher; Gen about 3 decks fed yearlings, [email protected]; Gen slaughter ewes very scarce, nominally | Gen steady or around $4. 25 de down. Gen

OTHER LIVESTOCK ai

FT. WAYNE, Ind., Oct. 1 (U. P.).—Hogs —Steady: 220-240 1bs.. $6.25; 200-220 lbs. $6:15; 180-200 1bs., $5. 95: 160-180 1bs., $5. Io $6.15: 260-280 lgs., $6.10: 300 Ibs.. $6.05; 300-325 Ibs., $6; 325-350 Ins $5.95; 350-400 1bs., $5.90: 150-160 1bs., 5 140-150 1bs., $5; 130-140 lbs, $4.75; Ibs., $4.50: 100-120 lbs.., $4.25. Roughs. stags, $3. cE calves, $11. 59; lambs, $8.75.

and shippers showing

a |

3; { < 1g | ~+-1-16 | 77 lbs. bulk good feeding lambs, trade, lambs active steady to 15c¢ higher;

cks ‘good to choice 1 2 12 oday’'s 5 bri

ington lambs:

Electric ... Foods 2 Motors .. Stl ~ Pla filette S S Gillette S R Pf 3 {Gore ear . ; {Graham- -Paige . {Grand Un xcts, |Gt Norah Bf : Cp.

|Grevhoun |Guant Sug

| ecker Prod ...

yp 1 8%s rg Nat Mal&Stl ‘Cc. 21%, 8! Nat Steel 66 + % Nat Sup Penn. ve Nat Sup 6 pf.. N Y Air Brk ... N Y Central ...

"34 98 |

13 | 3g! la ig Vai

|N Y &hip No Amer No Am Avn No Pacific Norwalk T ...

Otis st eel

1g Otis Steel 1 pf. 3854 3a

Pacific Ltg Packard Pan Am Airways 15%

| |

1p] Phils Read CT 35. { Phi hillins Pet... 1 i | Sc&B .. 1 4 Plymouth oll. 38 2

281% 16a Poor B 83s {Press Stl’ ‘Car. 117% {oun Serv: .. 333s

Incorporations

Northern Illinois Coals cop, alfos corporation; change of ent Shafter, 410 E. Locust yoy le Universal Carloading and Distributing 0 v eornoraiion: change of Cummin 301 S. Dela-

: % 3333 33% —

. Indianapolis. Universal Cartage Co. poration: change of agent to mings, 301 S. Delaware St.,

Eel River Mining Co.. Inc. Building, Indianapolis: agent,

Delaware corH. W. Cum Mdiznipoi 410 mmole

without par value: and other minerals: NE, E. Dana Ward. Cletus A, Broecker. Van Camp Milk Co., Indianapolis: change of addjess to Old First Bank

Kelb

LAFAYETTE, Oct «U.P. ag Hudson Motor.. 160- 200 Ibs.. $5.50 6: 200 260 lbs., $6.15416.40; oo 325 1bs., $646.20; | | pigs. $5.25 down; roughs., $5.50 down. Ill Central .... Calves, $10@11; lambs, $7. 50@ 8.25. {Ill Cent pf .... CINCINNATI, Oct. 1 (U .P.).—Hogs— Ind Rayon Salable, 3500: total, 3750; active. Se {Inland Stl ..... 5c higher: top, $6.55; 250-300 lbs., $6.40: {inspiratn Cop | 100-140 1bs., [email protected]. Cattle—650; calves, [Int Hyd El A..| 400: active around steady: grass fed steers (Int M Marine. ! and heifers, $708.50; dairybred cutter Int i ws, [email protected]: good and. choice vealers, |Int active, steady: Int [email protected]; some strictly choice Int ewes and wethers to $10: common

= |

Ve Is | 3s |

T&T .. 2s

Jewel Tea 15

Jonns Man 7 or 1 J {| Jones&' Lg p FOOD PRICES CHICAGO, Oct. 1 (U. P.).—Peaches— | Michigan Eibertas. bu.. $11.75. Apnles— | Baumann Ds. ' Michigan Mackintosh, hu.. [email protected]. Celery K ‘ _Michigan, crates, 40@ 63c.. Tomatoes—- | Kresge SS California; iy [email protected]. Spinach-—-Illi- . bu., 35@40c. Cauliflower—Colorado, Leh 19 san 10. Carrots—New = Mexico, {peamani $3.50. Lettuce——California, crates, |7O-I Glass ... 12 Potatoes — Tennessee, Ligg & My B 100 cet, (50 1h, (Lockheed Aires 28 . 40@60c; Colorado, | Long Bell. A . 31 Lorillard .. ..20

47 69 69 8412 84! Rm 13%

L253;

3'a

1 a 3

12 1. Va 8 Ya. 3

Sweet PLL 011 8

reo S. Shepard Promoted

Harry S. Shepard day became manager of the Fletcher Trust Co.'s insurance department. In that capacity he will act for a large number of insurance companies, writing all types of insurance except life, and specializing in fire, casualty and surety bonds. Mr. Shepard graduated from the Wharton School of Finance of the University of Pennsylvania. He is mazried, lives at 3920 N. New Jersey St. and for a number of years-has been assistant manager of the bank’s bond department. His father, the late Fred K, Shepard, was an officer of the Fletcher Trust Co. many years, holding the position of vice presi-

(right) to-

3g |

Building, Ft. Wayne, Ind. Bendix Marine Pode s -Co., Delaware; Corporation withdrawal from Indiana. Bendix-Cowdrev Brake Tester, Inc.. Be corporation: withdrawal from Indian Building Finance Corp. Indianapolis: dS ttn RN Manufacturing Co.. Ft. Wayne: | {amendment inereasing authorized pre-, ferred stock to 1490 shares of $100 par valu Lis: Shepard Sales Corp.. Delaware, corporation; change of agent to Artemus H. Perkins. Elmore St.. rewidrdeville Graham Garage. . Washington; [change of agent to "Robert C. Graham Jr., 201 E. South St.. Washington The Best Tavern. Inc.. Gary: change of {agen to Anna Chavlovich, 932 Washing-| on § Converse Packing Corp., Converse: a Change of agent ib orca M. Wilkinson. | {P. O. Box 3 : Oe nville: Shafer,

Warrior Petroleum Co.. 195s change of agent to J. {3074 N. Pennsylvania St., { Rensselaer Lumber Co.,

change of | 410 E. Locu ust} Inc., Indlanap-| E. Fehsenfeld, |2 Indianapolis. Inc.. Rensselaer: |

3s | Shange of agent to Robert M. Donnelly

Front St.. Rensselaer. Milner Provision Co.. change of agen

Frankfort: | White, | Michiganto®n Road, Frankfort.

oO.

distribute cigars at wholesale. tors, Inc., Rochester: agent,’ . Dvche. Rochester; 100 shares of $100 Baiomobiles, O. Dvche. R. Peoples Dairv, Inc. 7237 Gay a. . Wayne: agent. Frieda Bradtmueller, same address: 1000 shares no par value: dealing in dairv products; words Bradtmueller, a Union State Bank. Breman: disYork

on. Federal Electric, Co., Inc., New corporation: amendment of articles of incorporation “Lamblight Inn, Ipe., Evansville;

on, Uhe Monticello fimcheon Club, Inec., W. Broadway. Monticello: no capital stock: social and civic: John C. Carney, Charles ; Whites

disso117

D. Overman, Cyril Prevo, W. M

Winona Lake Christian Assembly. Inec., Winona Lake: amendment of articles of| incorporation. Kokomo Gas and Fuel Co., Kokomo: amendment increasing capital stock to! 1500 shares preferred and 7000 shares, common of $100 par value.

FOREIGN EXCHANGE

NEW YORK, Oct. 1 (U. P.).—Following are noon cable rates on major currencies: | Cable Rates Net Chg. England 4.0412 -+.001% Canada (dollar) Italy (lira) Finland (markka) Switzerland (franc) Sweden {isfona)

(pound) .....

.|Japan (yen

dent at one time,

Mexico Xo

(Va El & P 6 pt

: | Walworth

| Worthington...

Just Rad .

90 Con | bi

Tovar Nee

INDIANAPOLIS CLEARING HOUSE

Clearings . $4,354,000 bits . 9,460,000

a DAILY PR PRICE INDEX a NEW YORK, Oct. 1 (U. P.).— % : Dun & Bradstreet’s daily weighted h (price. index of 30 basic commodities,

mk R B we Transamerica’ oo & W A Tris Cont pl. | Twin Coach

Ds NOL =O 00 =I LO UT 0 = w ow > NGA

Union B & P. Union Carb... Un [Oil Cal .. Un Alrerais:s vn Air Lines. Carbon. United Cp pf

~ «

3 »

1 LQ

* |average equals 100): 11; | Yesterday ae deasideesses 118.351 He [Week ASO. civesiseiivnrvenv, 111.08] 1 IMONIN ABO ...v..iviedonenes 11417 2 | Year AZO ....... 118.22 3-11 1940 High (Jan. 2) 123.34 | 11940 Low v (Aug. If 19 ... 112.42

BUSINESS AT A GLANCE

BY UNITED PRESS Postal Telegraph, Inc. and sub- | : sidiaries eight months ended Aug. {31 net loss $2,126,518; August net] loss $346,919. No comparisons with | { 1939 are available. Royal Typewriter Co., Inc, and

‘sy Sg 1 112

vee tert eesesnee

esses es

Un Stores A..

CERI

Vanadium 1

433 23 2334 1413 5

West Air Ke... | Wheel Steel ... ! White Mot .... White Sew M Willys Overland | Woodward Iron

2 27% Woolworth

333% 21%

{Yellow Tr .... Young Sheet .. Young Stl Dr.

1512 ine to $7.90 a common share vs. $L1| 15 ,.1653,586 or $5.17 previous year. | Thompson Products, Inc, 12 months ended July 31 net profit $1, 36, 940, equal to $5.40 a common

WHEAT I STRONG IN CHICAGO TRADE

CHICAGO, Oct. 1 (U.P.).—Wheat prices were strong on the Chicago

Board of Trade today on good deOther gains also were

DIVIDENDS Artloom Corp. regular quarterly 1.75 on 7 per cent preferred, payable Dec. 2, record Nov. 15. Hat Corp. of American, Regular quarterly $1.62'%z on 6%: per cent preferred, payable Oct. 25, record Ogt. 14. Southwestern Light & Power Co. $11.25 on $6 cumulative preferred, clearing arrears on the issue and payable Oct. 1, record Sept. 30.

At The end of the first hour wheat {was cup lx to % fants December | 835 8. Corn was up 12 @% cent, oats jup ls@'4 cent, and ib unchanged zh cent higher. Soy beans were ‘unchanged. Wheat was up almost a cent shortly after the opening, but profit|taking eased part of the gain. Support continued slightly under the | best levels. December reached 837% cents, the highest since last June.

LOCAL PRODUCE !

¥{eavy breed hens, 12c¢: bareback hens, 11¢; Leghorn hens. 9c: bareback Leghorn hens, 8c; Barred and White Rock springers, 13; other Colorado heavy breed springers, 12c¢: Leghorn springers, areback springers, 9c: old roosters, Indiana e A large eggs, 24c; ana Grad medium eggs, 20c; small Grade A eggs, 13c: No: Butt , 0. 1. 30@30lsc; “No, 5 28@ Toc, Butterfat—No. 1. 25¢: No. 24c (Country pickup prices quoted By the Wadley Co.)

HEDDA HOPPERS HOLLYWOOD

WFBM 5:15 pm—Mon., Wed., Fri. SOE

indi-

COMMERCIAL LOANS To Small and Large Business Organizations

AMERICAN NATIONAL at Indianapolis

Pennsylvania and Market Streete

Indianapolis Bond and Share Corporation 129 EAST MARKET STREET

a compiled for United Press (1930- 2

domestic subsidiary fiscal year ended; much as they obviously don't exist, | ‘July 31, net profit $2,387,753, equal! and cannot be create

Short Story Martha Webster Big Sister

Aunt Jenny

Kate Smith Girl Marries Helen Trent Gal Sunday

Freddie Miller

Pe Circle 45 Farm Circle

:00 Dr. Malone :15 Joyce Jordan :30 Fletcher Wiley 145 My Son and I

00 Society “Girl :15 Wheeler Mission :30 Soloists :45 Friend in Deed

:00 Lecture Hall :15 Kitty Keene :30 Airplane Trip :45 Airplane Trip 00 Airplane Trip 15 Airplane Trip 30 Concert, Music 45 Scattergood

Man I Married Against Storm Road of Life David Harum

Singin” Sam Haeadimes Linda’

> BW | AWD RWS | BORO |»

DONS | IONS | NIOLKIO | WUNO | UO

Markets, Betty and Bo World Series World Series

tk 1d et | Frirtenre] » Pt bt bd pt in Sad |

bareeere | tt pt bt mgm nC a

World Series World Series World ‘Series World - Series

Mary Marlin Maw Perkins Pepper Young Viv and Sade

Backstage Wife Stella Dallas Lorenzo Jones Widder ° Brown

Girl A St Lite Home Edition O'Neil

| totarate kt fk pt

Outside Looking In

Music You Want

Homemakers Hour Houseboat Hannah

Editor’ S Bausnter Weather b

Storv-Dramas Vaughn Munroe Concert Music Concert Music

10 O'Clock Final

1 10 O'Clock Final

Globe Trotter Vaughn Munroe Unannounced Unannounced

PROGRAMS

INDIANAPOLIS WIBC 1050

Devotional .Organlogue

Breafast . Jam Breafast Jam Breafast Jam Breafast Jam

News Bright Spot May Robson Devotional

Community Hall Community Fund Charm House Organ Moods

Friendly House Friendly House Public Schools Parade of Bands

Noondav Rhythms Bill Jones Off the Record Boy Greets Girl

‘Melodv Farm Melody Farm Sunshine Melodies - {Sunshine Melodies

Matinee Musicale Harlin Brothers Preview Preview

Shooting Thrills Baker 2hd pion Don Lowell Tomas

Pleasure Time Unannounced William Stress H. V. Kaltenborn

Johnny Presents , Johnnv Presents Horace Heidt Horace Heidt

Battle of Sexes

Fibber McGee er —

Bob Hope Bob Hope Doghouse Doghouse

Peter ( Gran Gardner Benedict Manny Prager : Manny Prager

Clyde McCoy

Moon River

CINCINNATI WLW _ 1700 (NBC-MBS)

Unannounced Checkerboard

milly Time to- Shine

Boone County Boone County

Miss Julia Goldbergs Kitty Keene Linda's Love

Houseboat Hannaly Kathleen Norris Ellen Randolph Musicale

ee ent) Man I Married Against Storm Feed the Kitty Happiness

Suiiine g Light O'Neills

Rows Farm Hour

Farm Hour Julia Blake Editor's Bucher Your Trea

Betty Crocker Grimm's Daughter Valiant Lady Light of the World

Novatime Mary Galbraith Concert Hour Concert Hour

Buy Indianapolis Buv| Indianapolis Reatiest Time Request Time Jamboree Jamboree Jamboree Jamboree

Marv Marlin Maw Perkins Pepper Young Vic and Sade

secon Backstage Wife Stella Dallas Painted Dreams Elizabeth Bemis

Beautiful Life Lone Journev

Jack Armstrong ews .

KEY NETWORK STATIONS (Subject to Change): MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850,

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

Skilled Labor

At a Premium

“K ALTENBORN

| SCHENECTADY, N. Y., Oct. 1 P.).—American skilled labor is at a premium as industry mobilizes l itself for the national defense pro-| (gram, Ray E. Ellis of General Elec{tric Co. said today. | Mr. Ellis, supervisor of apprentices tat the G. E, Schenectady works, {said that. a recent survey by the | American Society of Tool Engineers disclosed a shortage | of 1,260,000 | skilled men, althougli, at present, {there are millions of jobless in the Uinted- States. mr "“The solution to this problem is! (not one which can be applied and, | felt overnight,” Mr. Ellis said: “The! {simple facts are that many more | trained workers are needed. Inas-|

d in a short time, industry can play a major role in meeting its needs by extend- | ing the use of planned training pro- | grams to develop skilled machine operators. ?

85.760.192.70 CBS—WABC, 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770.

New Time Tonight!

EDITS THE NEWS"

WLW

Now 6:45 p.m.

Listen to America’s favorite news analyst every Tuesday, Thursday, and Saturday night at this same new time, NBC stations.