Indianapolis Times, Indianapolis, Marion County, 3 October 1940 — Page 25

Page PDF (13.76 MB)

Back to issue view

~ THURSDAY, OCT. 8,

1940

~ BUSINESS

Indianapoli

s Utility Experts Maintain

We Have Plenty of Reserve Power Here

By ROGER BUDROW

THE CONTENTION OF PRESIDENT ROOSEVELT

that the nation needs more

power for defense purposes

receives a shrug of the shoulders from: Indianapolis utility

men.

“That may be true, for all we know,” they reply, ‘but here in Indianapolis . . .” and then they begin firing kilowatt

statistics at you.

What it all sums up to is this: When the Indianapolis Power & Light = Co. finishes its twomillion - dollar expansion program there will be enough power available to take care of 105 more industries in

Indianapolis. |

That is based on the average power. needs of the 310 large industrial customers the utility

2, SI Roger Budrow

now serves. Or put it another way. When that new $700,000 generating machine is installed at the Harding St. plant, it | alone can produce more electric current- than! was used last year by ali} the 112/700 homes served by

County. The local utility could generate | 180,500 kilowatts if it had to but 50 | far this year the most that was] needed was 118,800 kilowatts on Aug.

the | | top company in Indianapelis and Marion! choice 230 to 240- -pounders.

PRICES ON HOGS SKID 15 CENTS

10,252 Porkers Shipped to Stockyards Here; Top Is $6.35.

_ Bog prices skidded 15 cents at Indianapolis stockyards today under pressure of heavy receipts reported | by the Agricultural Marketing Serv=ice at 10,252 head. The decline was made in prices "of |all weights of hogs and carried the down to $6.35 for good and Vealers sole at unchanged prices with a {top at $11.50. The Marketing Service reported 1900 salable cattle were shipped here,

[409 calves and 1554 sheep.

27. The ‘all-time peak was 123,300 at |

5 p. m. last Dec. 20 when factories were busy, the Christmas rush was on in downtown stores, and it was & dark day, to boot. There's one thing to remember about the Power & Light Co.’s job. Its product is manufactured, delivered and consumed faster than that made by any other type of company. Electricity, the engineers say, travels at 186,000 miles a second, the speed of light. You can’t manufacture a lot of it, store it away in a battery on the shelf, and then open it up when a customer calls for it. That's why they have the extra generating “machines on hand. They may be idle some of the time but they are there Just in case.

|” 2 2 THREE FAMILY groups—the du Ponts, . Mellons and Rockefellers— own stock valued at nearly $1,400,000,000, according to a report submitted today to Chairman Jeseph C. O'Mahoney (D. Wyo.) of the Temporary National Economic Committee. The rs dort made by the SEC said the three family groups exercise great influence, if not control, over 15 of the largest non- -financial corporations in the U. S. Thirteen family dynasties, including the Rockefellers, Mellons and du Ponts, have stock holdings totaling $2,700.000,000, which represents 8 per cent of the stock of the biggest in manufacturing, mining, utilities, transportation and communications. 3.8 8 : 2 THE AVERAGE AMERICAN’S #real income” has risen substantially during the first. year of the European war because cash income has increased faster than prices of goods and services, according to Investors Syndicate. Wage envelopes contained 15 cents on the dollar more than a year aco while the Sept. 1 salary. check was $1.07 against $1 a year earlier. The same amount and quality of food, the average. family purse, could be bought for $1 on Sept. 1

last year cost $1.05 this year. Rents |s

were about unchanged while clothing prices were lower. n ” ODDS AND ENDS: Supplies of American steel scrap are. coming into Britain so fast it has become | a problem where to store them, London trade ‘authorities declared today. . . . Interest money has failed to arrive in U. S. for three Italian bond issues. . . Russian interests want to buy five million bushels of Canadian wheat at 60 cents a bushel. The Canadian Government * hasn't granted permit for the shipment hut is expected to if Russia will guarantee the wheat will not reach Germany. . . The world’s largest commercial bank, Chase National in New York, had 3'i billion dollars ($3.251,341.947) in deposits on Sept. 30, a new high.

Canada is rushing work on its new- | 2 La | $5.80 St. Maurice |

est hydro-elecfric plant at Tuque on, the upper River. The Swiss franc hit 23.06 cents (in American mcney) yesterday, highest in two years; because money which fled Switzerland during the early days of the war is coming back. The ‘Weather Bureau reports corn has apparently won its race with frest in most of the country. Wall Street is petting on the World Series, your 6 to their 5 on the day-to-day games, ‘take your -pick, and 11 to 5 that Detroit will win thé series. : Yesterday the odds were 13 to 10 De-

troit to win.

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not represent actual price offerings, but merely fndicate the approximate market level based on buying and selling quotations of recent transactions. Stocks

ents Finance Corp com... Aer RR & Stk Yds com. ... & Stk Yds Pia’! 3 p ei

Bid Va 52 9%

Ask

ome T&T Ft Verne 7h pfd 5 4 Asso Tel Co $6 pfd . ty Ind & Mch Elec : Ind Gen Serv 6% Ind Hydro Elec 17% Indpls Gas com *Indpls P&L com. ¢Indpls P&L 67 sIndpls P&L 629% Indpls Water 57% pfd 02 Lincoln Nat Life Ins com.. N Ind Pub! Serv 5%2% pfd. N Ind Pub Serv 67, pfd N Ind Pun ely 1% A rogress Laundry. co Serv Co of Ind 6% pid. Pub Serv Co of Ind 77% pid... f So Ind G&E 4.8% ptd . Terre Haute Elec 67 pfd.. Union Title Co com. ....... :

Van, Camp Milk

erican Loan 5s 51........ 99 oan Loan 5s 46 100 Citizens Ind Tel 44s 61. .103 Grabs Re nolds-Taylor 5s 42 97 Home %T F Ft Wayne 5%s..102 T&T Pt Wayne 6s 43..102 Ind Assoc Tel Co 3s 70....108 Indpls. P&L 3%s 70. 107 .Indpls Railway ® me ‘Bs 6 Indpls Water Co Jus 5 1) e T& 28 Jntersiab ter Works 5s 58..104% g Co 42s 59..100 5370s. 104% Muncie s g t Silk Hosiery 5s 42 «97 Nind Pub Serv 3%s 69 N Ind Tel 4%s Pub Serv Co of Ind 43°69.

largest single outgo item in a that |.

Repts. 9358 8356 10,252 Sows 6

Top Repts. Oct. Top

6.55 10,3391 1 .... 6.30 3000] 6.45 9713] and Gilts | 501

Sept. 91... 28 30 Barrows 330 140 ‘$3 4

5.60-

3 ] Packin 270- 300 300- 330.. 6, : 6.00-

5.1 5. 6.0 6. 6. 5.75=

NSIT oe LILI OO NIG SUNS

. 5.50- - 6.40 Medium- - . 6.20 250- 500 4.75 6. Slaughter Pigs 90- 120.. 4.25- 4.60 6.00

& YVealers (Receipts, 900) ! Bulls 5 (Yearlings oy tinded) Good 50:8. 8 7.25 Sausage. 6. 2 7.00 [Medium. 5.75- 6.75 5 Cutter an common 5.25- 5.75 i Vealers Good ahd | _ choice . 00: Common an g medium 1

Cu 6.25- 7.75, Heifers |

: 15 Medium— ! 160- 200

Slaughter Cattle

Pt bd bt BS N=1-1

1100- 21300. 1300-1500 Medium— 750-1100. 1100-1300 Common— 750-1100. Steers,

Choice

bd pd ft 13 oo0o@ OD GUO wut

10.00-12.00 nd 700. 10.00

~31-3 51

(Rece ro 409)

me Choi 500- 750. 1. 00-12.00 5. 00 © 300. 9.25-10.00 Good— 00-1050. 9.25-10.00 500~ 750. 9.75-11.00 Good— 500- 8 8.25- 9.25

00. Heiteds | 800- -1050. 6.00- 7.25 edium—1, 00-11.75! 500-1000. 7.25- 8.25 6.25- 5

[Commoen-— 10. 00-11.00 500- 900 7.25 Calves (steers) 7.75-10.00 Good and choice—

| down 9.00-11.00 5.50- 1. 7 Medium—

500- 900 .25- 7.501 500 down Medium .50~ 6.25 Calves Cutter and | common #.50-

Canner .. 8. 75=

chat T5( ©500.

Go a 900-1100. Medium-— 500- 900. Common— 500- 900 Cow Good. .... §.25-10.00| (heifers) |

8.25! 875

“0

Go 5.50 500 down .254.50 Medium-— 500 down 7.50SHEEP AND LAMBS (Receipts, 1554) Good and choice... .. Medium and good Common ..J.. Cevrsdres mb Ewes (wooled) Good and choice Common and medium

CHICAGO LIVESTOC

12,000:

Hogs—Redeipts, opened 10 to 151 cents lower, closing mostly 15 to 25 HE lower than Wednesday average: bulk good and choice, 210-270 @ 6.45; 1705200 1bs,, $5.85 6.25; Ibs., 6$6:6.39; fight sows, above: mos good 300-350 -1bs.

350-450 105. $5.55616; few 430-500 Ibs., a 5.60.

Cattle—Rgceipts, 5000; calves, 500; steers and |yearlings, strong to 25 hiecher; common and medium grade steady; full advance falling on strictly good and choice yearlings and light steers; all representative | weichts good and better getting good agtion; early 1p. $13.50; strictly ice held above $13.7 os yearlings, thege choice to hifi fed steers ghts mostly $11 upward, with gra short fed offerings, $10.75 down to 7 below} very common light kinds to stockers firm, 25 cents higher for all cows, 15 to 25 cents lower; 10 ta 15 cents off; vealers weak to lower, $11 down; few, $11.50; cutter cows, $5.50 down; best weighty sausage bulls, $6.85 "4000: late

Sheep—Receipts fat lambs | closed’ steady to strong with Trnsday's nverage; -bulk good and choice natives, $9/25. few to $9.35; three doubles good to clioice around 98 Ibs. fed Texas] vearlings, $8.157'8 25; today's trade, carly sales slaughter lambs fully steady. little fons on yearlings, ‘some inferests talking eaker: attered sales and most bids

f 1s $5.40 fed cents

and and 6.25; weiaht; bulls, 50 cents

Wednesday

5.65= 5.75 |

ruaty.

THE INDIANAPOLIS TIMES

Power & Light Co. Expands Capacity

soe raison maine -

‘Export - Import Bank Ex-

APPROVE LOAN TO ARGENTINA

tends $20,000,000 Credit | To Buy Goods Here. |

BUENOS AIRES, Oct. 3 (U.P.).— Arrangements were completed today | by President Warren Lee Pierson |

| president of the U. S. Export-Impor rt | | Bank, for a $20,000,000 credit to Ar-

| gentina “to assist in the vy ual {tion of industrial and other

| 2 |

| 8 | |

| | |

The Indianapolis Power & Light Co. is spending two million dollars at the Harding St. plant along White River to boost its power capacity to 215,500 kilowatts by next summer. is now under construction at General Electric in Schenectady. N. Y., and will be delivered here next FebThe generator, same size as the two now at Harding St. plant, costs $700,000.

A new 35,000-kilowatt turbo-generator

NEW YORK STOCKS

Net Last Change

Alr Reduce Alaska Jiheeu.

Am Chain & C. Am Com Alc .. Am & F Pwr... Am-Haw SS ... Am. Inter Am Loco Am Loco pf .. Am Pwr & Lt. Am P&L 6 pf . D2, Am P&L 5 pf A 2 a Am Rad & SE. Am Roll Mill. Am Smelt Am Stl Fdies... Am Stores . 1 Am Sugar Am Water W... Anacor Armour Arnold Const Atchison : pt’

Dt)

+4; +)

Atchison «oe 53 Atl C Line .. 13% All G & W IT: 14 AG & WI pf 17% Aviation Cerp 43%

| Bald Loco ct ..

Balt & Ohio ... Balt & O pf... Barnsdall ' Bendix Avn

| Butler Bros pf.

3) emer & H .. {Campbell Wy .. 33 | can Pacific ... 2.50 caterpillar T..

| Chr rysler

3 Coty

good to She | native and Western lambs, $9.2 aski $ 5 on best nafives: SE Is 11k unsold, - load Wyoming feeding Tims, $9.10.

OTHER LIVESTOCK

CINCINNATI, Oct. 3 (U. 'P. i Yo Salable. 2800. total, 317 20a 2%5¢ lower top. $6.4 250-300 1bs., 25; 100-140 bs. $4.1077 4.35] Cattle—300" ‘ca 5. 200: steers fed grain gn grass, $9. 5041 10, cutter and common grass fed cattle, $5. 50 1. Sheep— 800: active. steady; good lambs, $96i9.25; choice ewds and wethers very scarce, gible to af least $9.75.

AYNE. Ind., Oc cents lower: 3.05

eli-

AU. P.).—Hogs 240 1bs.. $6.15;

325-350 1bs., 4-160 1bs., 130-140 +. 0-120 fp calves. $11.50; |

FOOD PRICES

creado, Oct. 3 (U. P.).—Peaches— Michigan |Elbertas, bu., $14 1.50, Apples— Michigan Mackintosh, bu., $141.10. Celery ~Michigah, cratés, 406i 60c, Tomatoes— Californigl lugs, $1.40. Spinach—Illinois, bu.. 25@40c. Cauliflower—Calorado, crates, $11.05. Carrots—New Mexico, crates, $4. Lettuce 4- Clifornia. crates. $2.25: 3.25. Sweet, Potatoes — Tennessee. bu., $141.35. Dion Market (50-1b. sacks)—Illinois YelOWS, soo,

5; 340- 100 hs 410-150 Ibs 120-130 1bs., Roughs. $5; lambs, $8.75.

$5.10; $4.60; . $4.10. $11.50;

st ags,

WAGON WHEAT Indian for No. change: corn, No white shelled, 67c;

Named by Shell

wheat. 77c¢c: subject to ther grades on their merits. Cas 2 yellow shelled, 59c¢c; No No. 2 white oats, 27c.

A. C. Jones has been appointed "sales manager of the Shell Qil Co.’s Indianapolis division to succeed R. D. Kizer who was transferred to the Portland, Me. division of the company. Mr. Jones, a graduate of Annapolis, was assistant manager of the retail operations in the East with offices

4 .100 Eithmon oe & water Wks 5s 57. 108% Trac ‘Term Corp 6s 57...... 73%

in New York.

olis grain elevators are paying] market

WHEAT PRICES on

| Dow

Ben Ind Loan.. Bow Steel 817 Blaw-Knox

8.00- 9.00 | Bohn Al & Br.

Borden Bog: Warner “ar Budd Mfg .... Budd Wheel v Bush T B pf ctf 127 Bush Term .... Tt

12% aCe V4 15% . ais

20 ©4075 8114

| Byron Jackson.

TVs 15%4 3%,

| Celotex Cerro de Pasco. Ches & Ohio.

Clark Ea 341; Cleve El Ilm pf 13%2 Coca-Cola. 109 Col Fuel & Iron 227 'a Col Pictures ... Colum_ Gas Com Credit ... Com Inv Tr... Com Solvents. . Comwlth & So. Comwlth Edison J Cons Edison Cons Oil Container Cont Can Cont Mot ..... Cont Oil Del.. Copweld Steel Inter . Crane Co .. 221, Crane Co cv vt Crown Cork .. 26 Crucible St .. Cuba RR pf. Cuneco_ Press .. Curt Pub pf....

ow — SIO EACOOTI—= TEND

SESS aR ants

BRA AB Ti lm ee A

NR wD ob NRE et

- 2 nL

Deere & Co Del & Hud ... Dist Seag . Dixie-Vortex. Chem

Du Pont

—E East Six Jpnes 3274 East East

Ex eal

Fed Dep S Flintkote Florsheim Foster Francisco Sug Freept-Julphur Folansbee Stl pf 2

POG Dd

Gair Robt .. Gair Robt pf Gen Cable

— DDI DWI W

«2

Gen Electric ..

CORN SELLS LOWER

CHICAGO, Oct. 3 (U. P).—The wheat trade developed a firm tone at the Chicago Board of Trade today under influence of light cash offerings and stock market strength. At the end of the first hour, wheat was up 4 to 3 cent, December 82!'ic; corn was off 15 to 3% cent, oats up 7% cent, rye up 1; cent, and soy beans off 1s to 3 cent. Continued light cash wheat offerings from the country have become a major factor in the uncertain trade: No bookings on a toarrive basis were recorded during the first hour.

Huge Baking Tin Melted for War

LONDON, Octa 3 (U. P.).—Denby Dale's historic “baking tin,” with a gargantuan capacity of 22 cubic feet and weighing 3500 pounds, has gone into the melting pot to make munitions for Great Britain. Villagers of Denby Dale, a town in Yorkshire. have surrendered the famous pie-dish, which is made of riveted steel plates, to the national scrap campaign, it was announced today. The “tin” was last used in 1928 when a colossal meat pie was baked .for benefit of the Huddersfield Royal Infirmary. Preparations took three months, with 22 women working an entire day to make the crust. It took more than 30,000 people from all over Yorkshire to eat the pie, The most outstanding, and perhaps unfortunate chapter in the history of the dish was in 1887 at Queen Victoria's Jubilee. A huge crowd swarmed into the tent where the meat pie was exhibited, and started to strip it of its crust, but the meat was “high” and the over-

powering odor soon drove the would-be pie-eaters outside for air.

Ry UNITED PRESS

30 INDUSTRIALS Yesterday Week Ago Month Age .... Year ARG ....e000000 Curr . High (1940), 152.80; Low. 111.84. High, 1939 (155.92): Low, 121.44, 20 RAILROADS

sessssvesoats

29.37 28.59 29.29 33.92

Yesterday Week ARO ...covansrveess Month AO ...civevvnnnnes Year Ag0 .......v.n . High (1940), 32.67; High (1939), 35.90; Low, 15 UTILITIE

Yesterday Week Ago Month Ago .. Year Ago ...occrnvesrsvonhe High (1940), 26.45; Low,

DOW-JONES STOCK AVERAGES

+0.64 —0.65 +1.94 ,+0.23

+0.09 —0.13

+0.16

High (1939), 27.10; Low, 20.7

Low 89%, 50 16%

High Gen 89% Gen 0 Gen Gen gon

Ge Gmbel ros “os Goodye yea T paige. | Granby

Hupp Motor Xo 9, 2634 48% 7a

111 Central ... Interchem Int Harvester .. Int M Marine.. Int Nickel Int P&P i Int P&P pf ... : Int Shoe ....... 303 Int T&T

Jewel Tea .....

Kelsey-Hayes A. Kelsey-Hayes B. Kennecott Kresge SS. Kroger G&B

Leh Coal Lihby MeN&L Liq

rs Air... < Loew's 25 Loft Inc Lone Star Cem.

Mack Tr Macy R Marine Mid .. Market St Ry . Martin (Glenn). Martin Parry. Masonite Corp. . 3 May DS ......;52 Maytag pf _.... McIntyre Pore. McKess & Rob. McLellan ‘St ... Merch 5 “Min, . Minn Mont Ward Murphy G Murray

Nash- ia Nat C

Ohio Ofll Oliver Farm ¥a 1738 Otis Steel .. 10

Pac Coast 1 Bi. 16% Pac Tin Cons. 3s Packard 333 Pan A Airways 15a Paramt_ Pict .. 173% Parke Davis 34% Park Utah Peon RR Pere. Mat pf. Pfeiffer ,

LI W-IRWNW-TN WWD -

x a=

8 "12% pf 39% 333

Press Stl Car Press Stl 2 Pub Serv . Pullman Pure

Net Change

210

+++ ++

[+++

Shh b EEE

+ H+

DLE EEE

2 lduring September,

Vergil D. Reed trade secretaries.

Times Special

University tomorrow.

. Talks to

BLOOMINGTON, Ind. Oct. 3.— Dr. Vergil D. Reed, assistant director of the census, will be the principal speaker at the Indiana Trade Association Secretaries’ ond annual conference at Indiana

sec=

, | dustries, but declared that re-employment would be determined

1 *|with the attendant

Net Last Change

adio Reading 1.pl.. Reo Mot vte .. Republic Stl .. Jievere Cop.

Met a Ridhtiela “oil

Safew os Bh Dise Seabd Air L Sears Roebuck Serv el Socony Vacuum South Ry

00 tifa

— BOW ON Thy i B® bE

—

Superior Stl

| m

Tenn Corp

pg Nw oe

Thomp Star vt Tri Con 20th Cent FoX..

11 00 40] 1. ®

Union Carb .... Un Pacific Un Tank Un Aircraft Un Air Lines .. United Corp pf: United Drug Un Paperbd ... U.S Gypsum .. U & Ind Alc... U S Pipe&P . 2 S Rubber 2 US Rub 1 pf : U S Steel

5 Girt NaDRD a NA

Wi NJ O =T UT

Vadsco Sales ... yansdim x va-Caro 6 pf ..

Walvonn ane Bak A ... Woroor Bros .. 92 Waukesha Mot.. 17% West Auto Sup: 271 West Air Bke. 23 Westing El 1109 Wheel Steel . 2533 White Mot Willys Overland. Wilson & Co ... Wilson pf Woodward Iron. Woolworth

414 2Ys 433

60 20 3%

Yellow Tr

{Young

Young

* JOBLESS PROBLEM REMAINS, BANK SAYS

NEW YORK, Oct. 3 (U. P.). Operation of the Draft Act combined with expanded defense activities. will provide a “gratifying” increase in employment, but will not fully solve the nation’s unemployment problem, the Guaranty Trust Co. of New York predicted today. However, “the Guaranty Survey” said, replacement of a million “draftees” with present unemployed workers “would represent only a minor part of the total potential

; |expansion of employment that may

be induced by the defense preparations as a whole.” The Survey cited official data indictating that 5,500,000 idle workers are available for ense inincreased

‘by the availability of skilled workers among the jobless and also by the provision for training workers

2/in new positions.

Some unfavorable effeots on industry and trade were predicted from the draft, reflecting the withdrawal of large numbers of men from their established positions

justments tion said.

involved, the publica-

219 MILLION PAID

ON DEFENSE BILL WASHINGTON, Oct. 3 (U. P.).— The Treasury paid national defense bills totaling $219,230,013.21 a statement for the final day of the month disclosed today. Disbursements for the Navy were $136,396,676.53, for the Army $82,035,805.68 and from the President’s special defense fund $797,531.73. In September, 1939, defense expenditures Rere $107,878,619.90.

U. S. STATEMENT

WASHINGTON, Oct. 3 (U. P.).—Government expenses and receipts for the current fiscal year Jihrough Oct. 1, compared with a year Ago; Expenses. . $2, i 1,

Gold Res.. Customs

‘267 .505,503.63 ,379,976. 72,046,408.75 90,036,463.40

INDI ANAPOLIS CLEARING HOUSE Clearings $4,179,000 Debits... 8.197.000

LOCAL PRODUCE

Heavy breed hens, 12c: bareback hens. 11c; Leghorn hens. 9c; bareback Leghorn | hens, 8c; Barred and White Rock springersy 13c; other colored heavy breed springers, 12c; Leghorn springers, llc; bareback | springers, 9c; old roosters, 6c. Indiana Grade A large eggs, Grade A medium eggs. 20c; eggs, 13c; No. 2, 1 306030 1sc:

Butter—No. 1, . s 285c; butterfat.’ No. 1, 25c¢: No. 2, 24c. (Country pickup prices quoted by

Wadley

24c; Indiana small Grade.|

the

STEEL SHARES LEAD ©

| Metal-working,

1 cessfully

demand for specially trained work-

,| patterned after the

economic ad- |

uip- | ' ment and materials from the United | | States.” The credit will be made available | immediately. Mr. Pierson denied that the credit would be earmarked for construc- | tion of an oil pipeline from Mendoza to the Atlantic Coast. He described | { the operation as a “typical dollar | | exchange loan,” useable for any purpose Argentina may see fit with | he sole restriction that the pur-| | chases must be made in the United | States. The credit was expected to cause further relaxation of Argentine rei strictions on imports of United | States goods which were imposed recently by the Exchange Control Commission in order to choke] off imports from the United States in | excess of - Argentine exports to that country:

| |

RISING STOCK LIST

NEW YORK, Oct. 3 (U. P.) —Steel shares assumed leadership of a rising stock market in the early afternoon trading today. Bethlehem sold at 83 up 1%. and U. S. Steel 61% up 1. : : Other steel issues were up with the leaders. Coppers raliled to small net gains after a recession in the early dealings. Heavy industry shares generally were better | and gains were noted in the shipping and shipbuilding issyes. Utilities firmed. Rails moved up on a better than anticipated rise in car loadings. Air line issues were strong. ?

CONNECTICUT PLAN FOR JOBLESS CITED

NEW YORK, Oct. 3 (U. P.). shipbuilding | and other companies affected by! national defense activities have|sucestablished emergency quick-training programs to meet the

« “

ers, the Conference board said today. , Among the most successful] pro- | grams now in operation are those “Connecticut Plan.” = A program which “represents a co-operative attempt on the selected

ficials to give carefully

ployment in skilled jobs in local industries,” the Board said. Under the “Connecticut Plan,” local employment councils set up in the fall of 1939 under the aegis of a state employment commission

the local unemployed and what were the present and probable nceds of local manufacturers, Beard said. From that point, the various councils set up training programs to meet particular community needs as closely as possible.

W. ROWLAND ALLEN

W. Rowland Allen, L. S. Ayres &| Co. personnel director, will] open the second annual Executive Leadership Forum at 7:30 tonight at the Indianapolis Athletic Club. | The Forum, sponsored by the Indianapolis Junior Chamber of Commerce, will continue for eight more sessions. Mr. Allen's subject is “The Individual in a Personnel Program.”

PLASTICS FIRM EXPANDS NEW YORK, Oct. 3 (U. PJ. Directors of Catalin Corp., a plastics manufacturer, today authorized a plant expansion program designed to step up productive capacity by 25 per cent. The new facilities are scheduled to be completed by Ihe on end of this year.

DAILY PRICE INDEX

NEW YORK, Oct. 3 (U.|P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for- United Press (1930-32 average equals 100): =»

Yesterday sinnewars vd 118.57 Week AZO... vv. cssreseeen.d 171.45 Month ASO .......vovessvesd 11572 Year Ago. , 118.03 1940 High (Jan. 2).......,°'123.34 1940 Low (Aug. 19)

FOREIGN EXCHANGE

NEW YORK. Oct. 3 (U. P.).—Following are noon cable rates on major currencies:

England Canada (dollar) Italy (lira) Finland (markka) | Switzerland (franc) Sweden (krona) Japan (yen) Mexico (peso)

(pound)

and Ladies’

GLASS Watch RANDS

{Vox Popper's Parks, Johnson and

part of employers and public of-| unemployed persons enough funda- |

mental training so that they can qualify in some capacity for em-.

first undertook to discover who were |

labor | the |

SPEAKS TO FORUM

TONIGHT : 6:30—Vox Pop, WFBM. 7:00—Ask-It Basket, WFBM. 7:30—Aldrich Family, WIRE. 1:30—Chicago Tonight, WGN. 8:00—Wendell Willkie, WENR.

Indianapolis stations are not-plan-ning to carry Wendell Willkie's [speech at 8 tonight, but WENR in | Chicago has scheduled it.

8 ® "

Bob Hope will be master of ceremonies tonight for the show, “In

Chicago Tonight,” over Mutual and WGN at 7:30. The broadcast will jcome from South Bend in celebra{tion of the premiere there of ‘the jn, , “Knute Rockne, All- -Amer-| can.” On tonight's show will be Fat O’Brien, Donald Crisp, Ronald Reagan, “Gale Page, Anita “Louise, | Jane Wyman and Irene Hervey. Mrs. Rockne, widow of the Notre Dame football coach whose life is |dramatized in the movie, is expected (to appear on the show also. Vox Pop's microphone will be set up in the. Oliver Hotel lobby at South Bend tonight-at 6:30, WFBM.

Sporrer | [| Sisters tri | (10 ¢y Boland will visit Bob

boy .

Burns al ‘Hall at &

The. E, proudly i foe

white-w London!’

preferrei! the com minutes: tributab’ admit tl mitters-is

luctanti:

to maki ‘rica. When he returned

North 4 he foun

entire ¥-

tion cgi cellent’

|Wally Butterworth plan to bring Pat O’Brien to the mike for quizzing. " = ”

sky oye

THIS EVENING

(The Indianapolis Times is not responsible 5 nouncement caused by station changes after pIasi

o used to be a partner - Dumke, becomes the ‘Hn “Ask-It Basket” to\VFBM . . . Mrs. Alfred ‘lyn: Morin of the Morin s mother of an 8-pound

company of the Music lent, WIRE. i

a Broadcasting Corp. ‘orts that although its , modern structure in jhionable West End is a rget for Nazi bombers, y has lost less than 10 »roadcasting directly at- > the war. The British the sand- -bagged transe_had any number of

oD, stley, the B. B. C. writes, in a London hotel re-

ne of his broadcasts to

© is room non- -existent, the ug of the :hotel having 21 into dusty rubbish. ia supply of socks A : playwright commented. # of the broadcasting sta= ‘iues to serve as an extage point from- which 2 for overseas. listeners, _ pyrotechnics in the Hight “ondon.

# 8 2

naccuraciés in program anvie.)

INDIANAPOLIS WEB

CBS Net Hits and Bits

(NBC-MBS)

Girl Alone Beautiful Life Mary Matin. O'Neil

We nn dn Yate SSaS -

Scattergood

INDIANAPOLIS WIRE 1400

Waltz Time Four ‘Clubmen Syncopators News

Ma Perkins Women in News Sports its ouned

Amos and Andy Lanny Ross Vox Pop Vox Pop

Pleasure Time Republicans Dick Ree Inside Sports

Ask- It ‘Basket S Basket e as it Seems -as it Seems

Good News Good News Aldrich Family Aldrich Family

~I=I-J=3 | DDOD | NAL VOoUQ | OUD | LOoUO

Bowes Bowes Bowes Bowes

Music Hall Music Hall Music Hall

Major Music Hal}

Glenn Miller Republicans Modern Music Melody Moments

Rudy Vallee Rudy Vallee

BID | Hed | EID | IBID | WD

| coww oo UOUO | LOUD!

Musical Americana Musical Americana

Dick Reed Clock Strikes Eddie Duchin Johnn 1 McGee

King: s Jesters Baseball Xavier’ Cugat

Elevenairs Elevenairs Elevenairs Elevenairs

eI es

a UIOVO | LOW O

Eddie Oliver

Voie You want Music You Want Music You Want

FRIDAY FROGH |

0 Willkie

CINCINNATI WLW. 700 . (NBC-MBS)

Peausiful Life Lone Journey gael Armstrong News

ee ——————— Shooting Thrills Baker and Denton Don Winslow Lowell ‘Thomas

Pleasure ne

V. Kaltenborn Good News Good News Aldrich Family Aldrich Family Music Hall Music Hall

Music Hall Music Hall

Rudy Vallee Rudy Vallee Musical Americana Musical Americana

Peter Grant Unannounced Gardner Beneaict Gene Austi

Lou Breeze

“il Holiday Willkie

Blossoms

ck Final cotter ginged

Moon River

INDIANAPOLIS WFBM 1230

(CBS Net.) {(NBC-<MBS)

INDIANAPOLIS WIRE 1400

Dawn Patrol Market - Reports

Early Birds Early Birds

Early Birds Early Birds Early Birds News

Pt)

Dawn Patrol Basonology News {

Dessa Byrd Breakfast Club

I-33 >

Airplane Trip Airplane Trip Mrs. Farrell Mrs. ‘Farrell

Kathleen Norris Myvrt and Marge Hilltop House Stepmother

Short Sto Martha Webster ‘Big Siste Aunt ony

000

BD BD | WWD | EW D

Kathleen Norris .|Ellén Randolph Guiding Light

Man I Married Against Storm Road _ of Life David Harum

Singin’ Sam Headlines Linda's Love

Gowo home hone LOoVD | UO

1 tp | mt bt ft it bt pot kk o >

Girl Marries Girl Marries Helen Trent Gal Sundav

Freddie Miller New Corn Festival Corn Festival

I =

| wd |»

| Betty World World

Markets. 0

BIDIDIRND | ptt tt Co22 DOOD

Series

{Eur opean News

Homemakers Hour Homemakers Hour

Houseboat Han ny

Editor's Daughter = Weather d B

Dr. Malone Jovce Jordan Fletcher Wiley My Son and I

) Society ( Girl Minstrel Men Melloaires 5 Friend in Deed

00 Esyoring Space 15 Kit Kee 30 Tas Trip 45 Airplane Trip

:00 Airplane Trip 15 Airplane Trip :30 David Elwyn 145 Scattergood

World World Series World Sertes World Series

World Series World Series Pepper Young Vic and Sade

Backstage Wife Stella Dallas Lorenzo Jones

Series

ot pt pt et | om | wid Sad wd

= 8|&

22)

2:00 2:1 2:3 2:4

Girl Alone Beautiful Life Mary Marlin O'Neill |

3: 3: 3: 3: 4: 4: 4 4

Widder Brown R

NBC-BLUE—WJZ, 760; WOWO, 1160 WI NBC-RED—WEAF, 660; WTAM, 1070; W CBS—WABC, 860; WJR, 750; WHAS, 82 iif

CINCINNATI (NBC-MBS)

News Checkerboard Time to Shine Nev

Boone County Unannounced

Miss Julia Goldbergs Kittv Keene Linda's Love Houseboat Hannah Kathleen Norris Ellen Randolph Musicale

rr cr Sm—— Man I Married .Against Storm Road of Life Happiness

Rhvthms Guiding Light O'Neills Farm Hour

Farm Hour

Farm Hour Julia Blake Editor's Daughter Your Treat

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

Mary Marlin Maw Perkins Pepper Young Vic and Sade

Backstage Wife Stella Dallas Painted Dreams Elizabeth Bemis

Beautiful Life Lone Journey Jack Armstrong

a 2e Melodies 2 Melodies

Rare | acevo mm emiesns

Musicale

10; CKLW, 1030; WSM, 850. ‘ENR, 870; KWK, 1350. 920; WMARQ, 670. MOX, 1090; WBBM, 770.

STEEL EXPORTS HIT ALL-TIME RECORD =:

WASHINGTON, Oct. 3 ‘U.P.)— American iron and steel exports, not including scrap. reached an all-time peak in August, the Departnrent of Commerce “reported today. Ship-

valued at $53,870,693. . It was the fourth consecutive monthly Increase and compared with 707,809 tons in July, this year and 185,182 in August, 1939. The United Kingdom purchased the bulk of the exports in August, taking a total of 653,866 tons. Japan was second with 66,829 tons, as compared with 17,025 purchased the previous month. An embargo on scrap exports to Japan will become effective: Oct. 16, but no embargo has been applied to other iron and steel.

Incorporations

The Indianapolis Pihblic School Teachers’ Association, Indianapolis, amendment of} articles of incorporation. The Church of God and the Apostle Doctrine; Inc., 321 Industrial Blvd., Gary; Will Hilson, James McKee, Mary McClendon and others. Meshingomesia Council, America, Inc., Spencer Ave., capital stock: Beplamin L. Haram, Li Charles Beshor of Liberty Township. Inec., North: Liberty; Charles I. Springman Jr., Charles E. Kaser, Earl J. Smith and other Washington Townspip A nocralic Club,

Marion; no C. C.

ments totaled 1,046,084 gross tons!

Boy Scouts of].

ohn’s Ey aerial Lutheran Church

Maume:

iL calty Corp. Ft.

iiProducts Co..

College Ave,, ck; social and

D. Silver. A.

Indianapolis; no olitical; George . Lauck, Arthur

Wayne, change » James F. Keenan, 1006 S. Har-

Ft. Wayne. Ohio corporation, .agent to Robert C. Nicholls, ; Beuter Rd.. Ft. Jayne.

TONIGHT! H.V.

LTENBORN

| 'S THE NEWS}

ay, and Saturday night.

: 1e time. NBC stations.

FRACTURE BEDS Can be rented at the new HAAG'S ALL-NIGHT DRUG STORE 22nd and Meridian

nm TT, ilored Just For Yon |™ mmm

Friday Te.

Regular $1.60

Value Only!

44 « RITES

SQUARE DEAL JEWEL SRS 8. Tllinois St. A Few tas North of Maryla

Oldest Loan Brokers in the State.

LOANS

The CHICAG

146 EAST WASHINGTON ST.

on E on Everything!

Diamonds, Watches, Autos, Cameras,

Clothing, Shotguns, Etec. JEWELRY CO., INC.

Suits-Topcoats-0’Coats Choose from over 700 patterns

As Long As 32 Weeks to Pay

LEO TAILORING CO.

235 MASS. AVE. BUSINESS EDUCATION Strong Accounting, bookkeeping Sternographic and Secretarial courses. Day and evening sessions. Lincoln 8337. Fred W. Case, principal.

Central Business College

Architects and Builders Building Pennsylvania & Vermont. Sts., Indpls.

OUTFITTERS TO - MEN, WOMEN and CHILDREN

(oingstons

THE MODERN CREDIT STORE

29 W. Wash. Indiana Fhea ge

Is Oppo’ ite

INTER COATS

Will Hold Any Coat ‘in Our LAYAWAY

RI-2230

Lent Agency up to $5,000.

Thrifty Savings Acare Insured by Gov-

Savings & Loan Association

er Federal Savings & Loan Insurance Corporation 28 South lllinois St.

4 e Smartest Hats in Town”

MILLINERY STORES

WANT AD IN THE TIMES. WILL. BRING RESULTS.