Indianapolis Times, Indianapolis, Marion County, 15 October 1940 — Page 17

TUESDAY,

OCT. 15, 1940

BUSI

NESS

Railroads in Indiana Expect to Pay $6,872,993 in 1940 Property Taxes

————— By ROGER BUDROW

RAILROADS IN INDIANA THIS YEAR WILL PAY a tax bill of $6,872,993, according to a booklet published today by the Associated Railways of Indiana. “In other words,” the booklet said, “each time all other taxpayers in the state combined pay $15 in property taxes

the railroads alone pay more than one dollar.

all other taxpayers combined by railroads pay $6 in taxes than one dollar.”

Steam railroads will pay $520,82C.11 in property taxes in Marion County, the association said. This is equal to 2.8 per cent of all the property and poll taxes to be paid in the county and “to 2.9 per cent of the total taxes-in the governmental units in which the railroads operate. The railroad property tax bill in Indiana is equal to what the railroads would. charge for hauling a ton of freight 700 million miles, the association said. It would be enough to pay the state cost of Indiana University, Purdue University, Indiana State and Ball . Btate, with enough remaining to gay $70 toward the salary of each of 19,838 public school teachers in Indiana.

Roger Budrow

n n ” SINCE THE 1890s Japan hasn't grown enough rice for its own people. Despite strenuous efforts to become self-sufficient in that essential cereal, this year’s crop will be about 17,500 million pounds (milled rice), whereas 25,000 million pounds are needed. This means Japan must import supplies from two of its colonial areas, Chosen and Taiwan (where crops are below normal this year),

and perhaps from French .Indo- |g

China, Thailand and Burma.'’ Riceless meals, days and weeks are encouraged by the Government and in some cities rice is being rationed. ” i» ”

THE MIDWEST may soon get a

huge synthetic nitrogen plant to be |,

built by the Government, operated by Allied ‘Chemical & Dye Corp. Another is expected to be built at Morgantown, W.Va, by the Government, operated by du Pont. The two would cost hetween 35 and 50 millions. Nitrogen is obtained from the air in the form of synthetic ammonia’ and is one of the chemical essentials for explosives. There is talk about using Muscle Shoals again but some claim the facilities are more than 20 years old, quite obsolete and while there may be plenty of power there, it is a long way from usable coal reserves and from the shell loading plants (like Union Center, Ind). . =u = ODDS AND ENDS: American business men returning from Europe aren't overly alarmed about European competition with U. S. goods in foreign markets after the war. The war has caused big industrial expansion over there but rebuilding cities will take years and then there's the railroads, factories, power plants and go on that are bombed nightly—they, too, must be rebuilt. +... U. S. Rubber Co. is opening an office in Washington to co-operate with the Government in defense work. . . . The Public Roads Administration finds that farmers and small town motorists drive 64 miles for business for every 36 miles for pleasure, whereas city dwellers travel 51 miles for business and 49 for

pleasure, . . . Because steel mills are |§

so busy and can’t be much busier, stock market operators are not using steel operations as a barometer as much as in past months.

DAILY PRICE INDEX

NEW YORK, Oct. 15 (U. P).— Dun & Bradstreet’s daily weighted |

price index of 30 basic commodities, |

compiled for United Press (1930-32 average equals 100): Yesterday ececcectesesssscsces Week 880 ceovcsscscssnccanes Month 80 cecececsosnssccnne Year 80 coe vevcrrssessscsne 1940 high (Jan. 2) esres sees 1940 low (Aug. 19) ..........

GUARANTEED YT AT OUR USUAL

\ LOW PRICES

ITE’ XIN

119.69 118.82 115.60 119.11 123.34 112.42

Each time in the rural units traversed the railroads alone pay more

PORKER PRIGES REMAIN STEADY

Top Holds at $6.50 Here; Report 12,406 Hogs Are Received.

For the second consecutive day hog prices at Indianapolis stock-

cultural Marketing Service reported. The top price paid held at $6.50 for good and choice 230 to 240pounders, - Vealers also, were unchanged, the top being $11.50. The Marketing Service reported 1832 salable cattle were received here today, 531 calves, 12,406 hogs and 976 sheep.

Top Bepts. eee. 3 6.50

Oct. Top Rcpts.|Oct. J Tees$ 6. 35 8697] 12 10 6.35 9382] 14 6.50 11 6.35 12,692) 15 .... 6.50 Dr #300" 330) Packing Sows 140- 160. 5.50- 210-300-3813 160- 180. 6.00- 6.00am ge - 220. .30- i 220- 240. 6.40- 93 6. 39 240. 270. 6.40- 5.60- 5.75 4.75- 5.75

6.25-6-15- Siqughter Pigs 6.10] 90- 120.. 4.75- 5.10 Slaughter Cattle & Yealers (Receipts, 1832)

200. 5.50Choice— Bulls 750- 900 $12.00-13. 00 (Yearling excinded) 900-1100 12.25-13.25/Goo ..$ 6.75- 1.4 1100-1300. 12.75-13.50| So . 1300-1500. 12.75-13.50| Medium .. 00d— | Medium. . 750- 900. 10 50-12. 901 Cutter and 900-1100. 50-12.25 common. 1100-1300 0.7" 12.75! dens 1300-1500. 10: 75-12.75/ Good and M | ot: 10.50-11.50 8.00-10.75/Common and . 8.00-10.75, medium.. 7.50-10.50 : 1, 5.50- 7.50 Stocker

| 750- too 6.25- 8.00] Steers, Heifers |

2 .25 | 15

5.25- 6.28 4.75- 5.25

4.75- 5.25

Feeder, Steers (Recrite 531)

ho | Choice— nae 50. 11.50-12. 50. 5.00- 800. 9.25-10.00

Good— 500- 750. 10.25-11. 50. Sl91050. Heifers | 500- 800. | 800-1050. 11.25-12.00 Medium-— | 500-1000. 10.00-11.25/Common— 500- 900. 500- 900. 17.75-10.00 Calves (steers) nd choice—

500-900 5.50- 7.750,2 300 down 9.00-11.00

iy Cows M560- 900. 8.00- 9.00 % 6.00- 7.00] 200 down _8.25-10.00 Medium. . 5.25- 6.00 Calves. (heifers) Cutter and

|Good— common. 4.50- 5.25] 500 down ‘7.25- 8.25 3.25- 4.50| Medium— 500 down T.50- 8.75 SHEEP AND LAMBS (Receipts, 976)

Good and choice Medium and good Common

8.25- 9.25 6.00- 7.25

7.25- 8.25 6.25- 7.25

Choice— 750- 900. ood— 900-1100. Medium —

Good .

Canner

Ewes (wooled) Good and choice Common and medium ...

CHICAGO LIVESTOCK

Hogs—Receipts, 15,000: general market oa barrows and gilts steady to 10c higher; ate trade less active than early; top, $5 75: bulk good 2nd choice 210-300-1b. butchers, [email protected] 300-350 1bs., $6.50@ .65: packing. sows, 0a 15¢ higher; smooth 300-360-1b. kinds mostly [email protected]; 360hod 1bs., [email protected]; heavier weights, $5.50 @5.85. Catfle—Receipts. 5500: calves, 1200: fed steers and vearlings, 25¢ higher; instances more on good to near choice offerings: abridged run coupled with broad outside demand and active local outlet main stimulating influences: most other grades sharing - advance: heifers strong to 25c higher: cows, 10@15c up; vealers strong; bulls fairly active, steadv to strong: to fed steers early, $13.75; some held at $14. with * $13.90 bid; Jong yearlings, $13.35; heifer yearlings, $12.25; active trade on stockers and .eeders; cutter cows, $5.40 down: weighty sausage bulls, $7.25 down; vealers, $12 down. Sheep—Receipts. 2000: late Monday fat lambs slow: general market weak to mostly 15¢ lower: bulk good to choice natives to packers, $9.25: extreme early top, $9.50 to yard butchers: load Washingtons, $9: today's trade fat lambs moderately active, strong to 15¢ higher: early bulk good to choice paives [email protected]; top, 9.50 on short deck 2. 1b. weights; few throwouts, $7.50 dow

OTHER LIVESTOCK

FT, WAYNE, 2ct. 15 (U. P.).—Hogs— Five cents Higher! 220-240 lbs., $6.40; 220 1lbs., .30: 180-200 lbs... $0 13; bs... $6: 60-280 1bs., $6.25; 280-300 Ibs. $6. 15; 325-350 lbs. 150-160 1bs.. $5.55: 140 1bs., $5.05: 120-130 Ibs., lbs. $4.55: roughs, $5.95. stags, $3.75; © lambs, $8.75. Oct. 15 (U. P.).—Hogs— , 400; active, steady top, $6.40; 300-350 1bs., $6.15 bs.. $6.35: 160- 180 1bs., $6.20; 140- 160 1bs., $5. 60% 5. 85: 100-140 1bs., [email protected]; "good sows, [email protected]. Cattle—Salable 600, total, 600: cutter to medium, [email protected]; steer and heifers, $9.90: high, $10.50 cutter sows, $4.50 @

Sheep—Total, 800; good lambs, [email protected]; common and medium, $6@8.

AUTO INJURIES FATAL SOUTH BEND, Ind., Oct. 15 (TU. | P,).—Orville Donald McClain, 31, |died in a .hospital today of injuries ‘received last night when he was {struck by an automobile driven by 'R. H. Dunnuck of New Carlisle as

L5 150° 1bs., $4.80: 100-120

Salable, 3700; $6.55: 250- 300 1bs., @6.25; 180-200

he w walked on U. S. 20 west of here.

Indianapolis Bond and Share Corporation

129 EAST MARKET STREET

SAXOPHONE ¢ instruction

Per Lesson

INDIANA MUSIC CO.

115 E. Ohio St.

Even If It’s Three o'Clock in the Morning HAAG’S ALL-NIGHT DRUG

22nd and Meridian STORE IS OPEN

Ll. 4088 Laundry- Maid $2 430 WASHERS

Up to $30 Allowance on Your Old Washer on a New A. B. C.

h & i ing. 225 E- Wash,

MA. 4010 TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

secs csvdee

OUTFITTERS ‘TO MEN. WOMEN and CHILDREN

THE MODERN CREDIT STORE

129 W. Wash. 2030s he te

Is Opposite Us ELINED

EPAIRED EFITTED | Women's

LEON TAILORING CO,

235 Mass. Ave.

Men’s And

yards remained the same, the Agri- |

2700 10313 ficials contemplated having a large

23 | aan 7.00

9.25-10.00 -

turers. |

{Interstate T&T

FACTORY HOLDS FIRST ANNUAL SHOWING HERE

400 Dealers to Inspect 41 Stewart-Warner Corp. Refrigerators.

The first annual sales convention since Stewart-Warner Corp. established its household appliance division here two years ago will oper tomorrow at the plant, 1514 Drover St. : The company expects more than 400 distributors from all over the country to inspect the new line of electric refrigerators. In addition, many officers from the firm’s home office in Chicago will attend. These include J. S. Knowlson, chairman of the board; F. A. Ross, senior vice president; F. A. Hiter, vice president in charge of sales, and J Eliff, distribution manager. The new line of refrigerators will be presented by C. R. D’Olive of In dianapolis, product manager. Donald W. Alexander, manager of the local plant, will be convention host. The convention will be welcomed by W. I. Longsworth, president of the Indianapolis Chamber of Commerce, when the meetings open af 10 a. m All Units Sold

The company revealed that all units that were manufactured for this year have been sold and preparations are being made to step-up production 50 per cent for the: 1941 sales season. New models are now coming off the production line here and of-

{enough supply of these on hand for [the convention in order that car[load shipments may be made to distributors immediately.

Shift to French Lick

The. 1941 line inciudes four new Dual-Temp models in addition to the standard line produced in four, six and eight cubic-foot sizes. After a buffet luncheon the distributors will tour the plant. Late in the afternoon busses wili take the group to French Lick Springs Hotel where the sales convention wil be continued Thursday.

FACTORY HEALTH IS EVANSVILLE TOPIC

Times Special EVANSVILLE, Ind., Oct. 15.—The health of industrial workers will be studied apd discussed here Friday, | Qct. 25, by more than 300 indus-| trial relations experts, doctors and 4 manufacturers. Nationally-knewn authorities in the industrial health field have been

Manufacturers and Employers Association in collaboration with the

| | Louis Ruthenburg president of | Servel, Inc. is chairman of the] sponsoring ‘committee. Directors of the N. A. M. assisting in arrangements include William A. Atkins, vice president of E. C. Atkins & Co.; W. A. Carson, president, Sunbeam Electric Manufacturing Co.; Guy A. Wainwright, president .of Diamond | Chain and Manufacturing Co.

LOCAL ISSUES

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

Stocks

Agents Finance Corp com..... Bolt RR & Stk Yds com...... 5s t RR & Stk Yds oid $2. Ben Ind Pow ay pid . Hook Drug Inc Home T&T Ft Wom, 7% va. Ind Asso Tel Co $6 pfd Ind & Mch Elec 7% pid. Ind Gen Serv 6%pfd :. Ind Hydro Elec 7% pid . Indpls Gas com. lapis P&L +

Bd 1%

Indpls Water 57, >’ es d.. Lincoln Nat Life Inc com. N Ind Pub Serv 5270 p id.. N Ind Pub Serv 6% pid... N Ind Pub Serv 7% pid.. Progress Laundry com.

1bs.. {Pub Serv Co of Ind 6%, pfd..

Pub Serv Co of Ind 79% ST *So md G&E 4.8% pfd....,. 99 Terre Haute Elec 6% pid. Union Title Co com.

THE INDIANAPOLIS TIMES

Under the Hood at the Auto Show i RETAILERS GROUP TO POLICE PRICES

PAGE 17

New Yorkers are flocking to the National Auto mobile Show at the Grand Central Palace, seeing such displays as this 1941 Pontiac with a rising front to show the mechanical parts (and a trio of girls).

1152 trade associations in the 1retail

By JOHN

increases in the field of distri The Retailers Advisory

This committee represents

field. The nation’s wholesalers, on their part, are planning to meet here next month with aims of their own in mind. Though the committee is not saying so, there are merchants who have feared that the consequences of any unwise buying practices on

the part of the Army and Navy might bg blamed on business.

Sugar Scare Recalled The Washington offices of the

Aims Are to Prevent Unwarranted Increases, Panicky Buying by Consumers, and Detour Government From Stepping In.

W. LOVE

Times Special Writer WASHIN GTON, Oct. 15.—In the hope of detouring a feeling for price fixing in one quarter of the Administration, the nation’s retailers are setting up a means of policing price

bution, Committee, formed a month

age under the chairmanship of Fred: Lazarus Jr. of Columbus, O., is establishing its own machinery for publicly reporting price changes at what it calls the “pre-retail” level.

FLURRY OF SELLING WEAKENS STOCKS

NEW YORK, Oct. 15 (U.P.).~ Stocks dropped. fractions to more than a point in afternoon dealings today when a sudden flurry of sell ing came into. the market after earlier hesitancy. Trading increased.

All sections of the list were affected, with leading steel, rubber, chemical and motor shares in the.

sociztions in’ the retail field any

ranted. It will aiso-hand them on to Miss Harriet Elliott, member of the National Defense Advisory Commission and head of its consumer

“| division. .

In addition, the committee. will, seek to discourage any use of “scare” advertising, such as the “buy now” appeals which Better Business Bureaus the country over have been frowning on for months. It will pin

NEW YORK STOCKS

Net High Low Last Change Air Reduc .. Allegh Corp .... § Allgh Corp p pf 20 Allied Stores. Ts Allis-Chal 3 1 Alpha P Cem. 141, Am Airlines. ... 5933 } Am Bank Nore 8 Am Can 95 Ys ames Can pf. .176

Am Am Am Am Am

A NR ~

"»

| Atchison

invited to participate in the confer- | ence organized by the Evansville!

6 | Gen 1 Gen Te “| Gillette

Van Camp Milk pid. Van Camp Milk com... *Ex-dividend. Bonds

American Loan 5s 51. American Loan 5s 46 . “ Citizens Ind Tel 4Y%s 61 103 Crabbs-Reynolds-Taylor 5s 42.. 97 Home T&T Ft Wayne 5Y2s....102 Home T&T Ft Wayne 6s 43..102 Ind Assoc Tel Wi 3s 70. csrys 108 Indois P&L 3 Indpls as ® the 5s Sede Indpls Water Co 3's oo. weve+105 528 53 Kokomo Water Works 5s oo 104% Kuhner Packing Co 4'%s 5 1 Morris’ 5810 Stores 5s 50 100 Muncie Water Work: bs 65.. 104% 106% 5

10 65% 15

107% 103

103 1071s)

Nat Silk Hosiery 5s 42 N Ind Pub Serv 3%s 69 . N Ind Tel 4'2s 55 Pub Serv Co of Ind 4s "80 Pub Tel Co 4'2s 55. Richmond Water Wis 58 57.. Trac Term Corp 58 57 *Ex-dividend.

108'2 103

107% 6%

Incorporations

| {| Automotive Merchandisers, {Winton 8t., Speedway; agent, Marshall, 226 N Pine St. $1000 shares of $10 par value; dealing in automotive accessories; Roger G. Foster, Richard O. Whipple, James B. Marshall. East End Dairies, Inc., Indianapolis, amendment changing number of directors

Motor Co., Ft. Wayne, dissolution.

The Ohio and Indiana Stone Corporation, Indianapolis, amendment of articles of reorganization. Number Eight Recreation Olub, 1032 North Second St., Vincennes; agent, Harry Berridge, 824 Church St., Vincennes; | 12 shares no par value; operate social and athletic club; Harry Berridge, Frank J. Rumer, Lola G. Berridge, Esther Rumer. Beauty RE Bo Corporation, 550 Consolidated Bldg., Indianapolis; agent, A. Jack Tilson, same address; 100 shares no par value; to operate beauty and barber shops and deal in equipment therefor; A. Jack Tilson, G. E. Johnson, J. H. Woolford

Jr. Blackstone, Lumber Co. of Indiana, Inc. Fish R. 2, Wa lkerton; agent, DR sgme address; 100 shares of vi00 par value; wholesale and retail buiiding materials business and general contracting: A. J. Blackstone, Sophia Blackstone, M. W, Blackstone, e Shop, Inc., 1100 Burlington pr., , Carl A. Nottingham, same address;

value: manufacture and sell candy, - fections, etc.; R. Lowell Slack, Carl A, Noitingh am, Jane N. Slack, lin Graphic Art Corporation, 514 g Angin St., Michigan City; agent, Jeu. el Levine, 1021 Lake Shofe Drive, ichigan City: 800 shares of $50 par value! photo engraving business; Samuel Levine, Ernest H. Burkons, Lillian Levine.

Tnc., 1703

Loans Made on

|STOCKS

and BONDS

LOW RATES 106 E. Market St., No. 415

: Inspiratn Cop ,

Int {int

| Kennecott | roses SS

Loft In

James B.| Indianapolis; |

Am Am

a 0 1 1 SOT ~The FRR —

et ee

NN AR ® ae

Tob pf.. | AT strong ck.

A LA

tl C Line Atl Refining ... tlas Corp ....

-WRBOUIOWORNRB WD TDI +1: LE

Bendix Avn .... Beth Steel |Blaw-Knox. ... Borg-Warner

National Association of Manufac-|Bklyn & Q Tr..

Bucyrus-Erie ... Burlington M... Burroughs .....

Callahan Zinc., | Certain-teed Champ Paper. pes & Ohio... M St P Chil Climax Moly Co Col Pictures .... Com Credit .... Com Solvents .. | Comwlth & So.. Comwlth Faison

w Ne a Gd

w QONWVRSO=DODOU

NIAAA AD AR

weld Steel. . Sony Wht ... 20 Crucible St Crucible pf . Curtiss Wr

[RN aig a NR °

see ‘2 Dee & Co 193, Dero D Cast 2013 202 Dow Chem ....142 142 Duques L pf....116 115%

ll ee 351 . 141 oo 47% evisne 29%8 Fm

194

Elec Auto L. 351 147 4%

Ev-cell-o 29's

Fed First

Mot 3 3 N 4412 441) Chen Electric .. 34 Foods 40

strs...

Gen Gen Gen Motors

S = Graham-Paige , 9Gt North pf

16 « 27%

Hollander & Son T's —— «es 85 10Ys . 4612

Inland Stl

Int Harvester Int Nickel Int-P & P .... P& Ppl. T&T.

sees

hi G&B.,

Lament Leh P Cem. Leh V Coal pf.. | Lehman ..... . L-O-F Glass | Lima Loco .. | Lockheed Aire. c

. 1275 . 21%

3 . 202 43 . 22 . 273% 20% 20% —M— 29 29 25% 25% ees 27112 213% . 46'2 46% . 9-16 9-16 | Mo-K Tex pf Vv. 2, 21, Monsanto 91 91

oR ® ~

Fl 14: en oN ®

esas

Mathieson | McGraw El + Melville Sh

Banks in France Devalue Dollar

VICHY, Oct. 15 (U. P.).—American banks in France by common

Sie {agreement today lowered the value

of the American dollar in terms of the franc to the lowest point since start of the war. The banks said that their action was caused by the difficulty and cost in transferring dollars between New York and Vichy. The new selling rate was fixed at 4297 francs to the dollar against

143.60 previously. However, the rate

at which the banks will purchase dollars was maintained at 44 francs to the dollar. Business was very small, s

FOOD PRICES

CHICAGO. Oct. 15 (U, P= ADpies — Wisconsin Mackintosh, bu., $1.25@ Celery —Michigan, grates, 40@60c. Tomatoes— Paifornia. lugs, [email protected]. Spinach — Illinois, ie) @ 650 Cauliflower—Colorado, 00 Carrots—New Mexico, crates, . nia. crates, $3.50@4. 25 Tennessee, bu., 90c@8$1 sacks)—Minnesota 30s, 41 2@572¢; Illinois Yellows, 40@60c; Coloraclo Sweet Spanish, $1; Utah Sweet Spanish, 95@

‘LOCAL PRODUCE

Heavy breed hens, 12¢c: bareback hens, 11c:. Leghorn hens: 8c; bareback Leghorn hens, 8c; Barred and White Rock springpre, 13c; other colored heavy breed springsrs. 12¢: Leghorn springers, 110; bareback springers, 9c; old roosters, Indiana Grade A can eg eggs, 14c; Indi20c; small

Be. No. 2, 30% 3, 2c. e

Onions (50-1h.

: Sah Gi 306: (Country vicky prices a ed | adiey Co.)

[Month ARO ....evsesssssssss 130.43

: Otis

® |pacific Lig....

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday . 130.73 Week AZO cecessnscassaasses 13131

~—0.31 —2.20 0.99 3.72

8sssssssssnsssses

Year Ago High, 1940, 152.80; low, 111.84. High, 1939, 155.92; low, 121.44, 20 RAILROADS anny 28.57 28.52 28.28 35.01

Yesterday ~ Week Ago Menth Ag0 syeeviassnncsssss Year Ago High, 1940, 32.67; low, 22.14, High, 1939, 33.90; low,” 24.14, 15 UTILITIES

®ecssssnssemassaas !

sees sassssase

sesssssvssessesses

Yesterday Week AZO cococcecssssnsnnes Month ARO .....ocesn0000cen Year Ago High, 1940, High, 1939,

gE = = wD YW

iW WWW WwW

26.45; 27.10;

ew.

low, 20.71.

Net Low Lost Change 40%8

High 4058 634

—N—

Nat Biscuit ... 18% Nat Bis pf....11713; Nat Distillers

N Mal & Stl c 2 Neisner .. ’ Newport Ind

Mont Ward lMurray

1873 171%, 20'2

1 Un Pacific

+ | Walker

Hig

Switf & Co

133% 93g

Texas Corp . Tide W A oil.

back the ears of any merchants who seek to capitalize on the public's fears. If the committee can prevent it, no. panicky buying of the type which sent up the price of sugar in September, 1939, will be set in motion by retailers. The committee clearly aims to educate the retailer to the fact that speculative buying on the consumer’s part; as well as

18%,

Trans West Air t 1%

Tri Con

sso

Union Carb.... a

Paks ey [53% 1314

Un Aircraft Un Air Lines. United Corp .. Ys United Corp pf 3058 United Fruit .. 69'2 U ‘8S Pipe & PF 27% U S Rubber ... 20% U S Steel .....|59%

1317 23, 19

(H) pf. Warner Bros .. Wayne Pump . West Pac pf... 5-16 West Air Bke.. 2133 Westing El .. 105% White Mot .... [137s Willys <Over pf. 4'a Woolworth . 33 es Y ie vee 145% . 342 i 21

19 5-16 21% 105% 1373 4'g 3278

14% 34Y,

Yellow Tr Young Sheet

Zonite 214

FOREIGN EXCHANGE

Amer .... Js Amer 5% pf 557s Amer Avn.. 1633 Pacific .... 67

Ohio Oil Oliver Farm Eq 109; Omnibu 107 OE pf Elev

Packard ...... Pan-A Airways Paramt Pict .. Pathe Film ....

a 0) G3 dm WU ®~

WB SNA SNE FRR Dame

WON =D Noy = -—e

“JR NIN I RYN INO DI

Radio Re stl’ Revere cop, Reyn Tob

Safeway . St Jos Lead .. 36 Servel Inc /.. Socony- -Vacuum So Cal Ed South Pac

| Finland (markka)

| Sweden (krona)

4 Cash bal.

Studebaker Sun Oil

Legals

~~ NOTICE FOR ‘SALE ‘OF BONDS Notice is hereby given thaf the Indiana State Toll Bridge Commission will receive sealed pro losals until 10:00 A. M., October the 1 1940, at the office of the Se i Indianapolis, Indiana, at Room 334, in the State House, the Indiana Building, for the purchase TOLL RIDGE REVENUE o be issued under authority of B. 172, Acts of the General Assembly of Me State of Indiana of the year 1939 an approved. March 9th, 1933. Said bonds will be payable solely from the revenue of the toll bridge known as Harmony Way Bridge, located at New Harmony, Indiana, and are being issued for the purpose of paving for the acquisition of said bridge and for incidental expenses incurred in connection therewith. bonds will be dated October the 1st, 1940, and will due and payable October the 1st, 1960. Principal and semi-annual interest will be payable at some bank mutually agreed upon between the purchaser and the Commission. Said bonds will bear A at not more than three per cent (39) per annum and will be callable on 30 days notice on any interest paying date at the option of the Commission at 103 and accrued interest. The Commission specificals|— ly reserves: the right to reject any bid of less than par and accrued interest. Bids will be received subject to the approving opinion of Chapman and Cutler, Bond Attorneys of Caicago and such other Bond Attorneys as may be specified in the prothe bidder, as to the legality of nds. The purchaser shall pay for the cost of said opinion and/or opinions, and for the printing of the bonds. The Bonds” Gi shall take up and pay for said onds on or before 11:00 A. M., October

and

247 MASS. AVE.

d | requested

be | Commission.

NEW YORK, Oc¢t. 15 (U. P.).—Following

3g are noon cable rates on major currencies: t

e Change

| England (pound)

Canada (dollar) Italy (lira) Switzerland (franc). Japan (yen) : Mexico (peso)

U. S. STATEMENT

WASHINGTON, Oct. 15 (U. P.).—Government, expenses and receipts for the current fiscal year through Oct. 12, compared with a yedr ago: © This Year. Last Year. .$2,657,326,443.13 $2,774, £2 3. 347. 32 . 1,651,186,004.25 1,581 5.20 1,006,140,438.88 1,193, ar ao: 12 . 989,241,388.88 1. 387 719.532.12 “2 207, 717.829:86 2,002,323,580.25 Work. bal. 1,471,546,759.46 1,303,956,541.15 Pub. debt .44,065,453.188.08 40.901,937,827.75 Gold res...21,367,651,655.50 16,990,477.879.44 Customs 83,280,210.18 101,071,517.85

Expenses Receipts Gross def.. Net def. .

INDIANAPOLIS CLEARING HOUSE Clearings $ 5,249,000 Debits ++. 11,236,000

DIES TO SPEAK AT PETROLEUM SESSION

NEW YORK, Oct. 15 (U. P.).—|,

Rep. Martin Dies (D. Tex.) will speak at one of {the two general sessions to be held during the 21st annual meeting of the . American Petroleum, Institute, it was announced today.

Legals 44

=| the 31st, 1940. Bidders are required to file

with their ;Pjoposal a certified check in the amount of 2% the amount of the bid, payable to the Sn State Toll Bridge Commission as a guarantee that the bidder will fulfil® and carry out the terms of the proposal. Said certified check shall be cashed and "used by the Commission as liquidated damages should the successful bidder fail or refuse to carry out the terms of his proposal. Bidders are to investigate said Harmony Way Bridge, located at New Harmony, Indiana, its earnings, potential, to the end that the bonds will he unconditional. ' further information concernin bonds Sommunicatjons may be a 0 Mr. T. Hunt, 1848 Railway Exchange oe 2 Louis. Mo., Engigeer for t Jieht (1) to reject any and all bids; (2) in the event of failure to receive a satisfactory bid on the above terms, or in the event of the rejection of all bids received, to consider the sale of said bonds on the best terms and conditions Yhich may then be made an offered therefo INDIANA TATE LL BRIDGE COMMISSION WwW. G. MINOR, Chairman. en M. 5 BRIGGS, Secretary.

oa the Marion Circuit Court Cause No. NOTICE OF PETITION FOR CHANGE OF NAME

Notice is hereby given that I have filed in the office of the Clerk of the Marion Circuit Court, my petition for the. change of my name to Edward Stanley, and that said petition will be heard by the Court on the 1st day of we Jamiary Term of said Con for the yea

EDWARD STANLEY 'WisNIEWSKT.

ROACHES

Use SHUR DETH

Get Rid of Them

Haag’s—Hook’s and Other Drug Stores, or PHONE US—LI ncoln 7458

FREE DELIVERY

ARNOTT EXTERMINATING CO.

PHONE LI1-7459

Oldest 1 Joan yy ig

- by the: 2

LOANS

The CHICAG

146 EAST WASHINGTON ST.

on on Everything!

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

JEWELRY CO, INC.

bid ‘

i; | field,

WHEAT ENCOUNTERS

The Commission reserves the|

lon the retailer’s, runs the hazard of | bringing down on all business the _lenormously bureaucratic burden of price controls from Washington.

Publicity Sought

the part of certain New Dealers has been evident here for months, and the committee's action isthe answer to it. Retailers do not fear the publicity which Leon Henderson's prices divisior. of the Defense Commission is prepared to give to increases it believes unjustified. Indeed, publicity is also to be the chief weapon of the new committee: The danger lies in the possibility that publicity will fail, and that an, inflationary rise will develop which might be blamed on business, and]

"| then used to install a “ceiling plan. i

This latter is believed by most mer-| chants to be. only a new name for an old fallacy. A ceiling scheme of price fixing could only work in the long run by rationing the public, and this would be. an unmitigated nuisance throughout the distribution

SELLING PRESSURE

CHICAGO, Oct. 15 (U. P).— Wheat encountered the heaviest selling pressure in some time on the Board of Trade today and prices dipped fractionally, Other grains reflected the decline. At ithe end of an hour wheat was off 3: to 12 cent, December 8415 cents: Corn was %: to % cent lower, oats [unchanged to off %s cent, and rye 1s to 3s cent down. Soy beans dropped 3%: to 12 cent.

WAGON WHEAT

Indijnapolis grain elevators are paying or N¢. 1 wheat, 80c; subject to market change; other grades on their merits. Cash corn, 0. yellow shelled, 60c; 2 white | shelled, ._68¢; |] No. 2 white oats, %8c.

committee will refer to the trade as-|

.price increases which seem unwar-|

The drift toward price-fixing on

van of the movement. Losses in most other groups generally were | fractional.

| There was little news to account | for selling aside froms uneasiness over foreign developments. Business I news continued favérable.

| Leading steel shares slipped off to losses of more than a point. Beth- | lehem dipped 13% and U, S. Steel was down 1!5. Chrysler led motors - lower with a loss of almost a point and rubbers dropped with U. 8S. Rubber off a point. Hercules Powder led the reaction in chemicals with a 2 point drop to a new low.

SHELL OIL DRAFTEES WILL GET FULL PAY

Shell Oil Co. employees who volunteer or are drafted for military training will receive full pay for the first two months of their one-year leaves, J. L. Wadlow, Indianapolis

-| division manager, announced today.

The policy applies also to members of the National Guard, Naval Militia and all State or Federal armed reserve organizations. The company said it would take over payments of all group life insurance premiums for employees during the entire leave and restore them to former jobs if they return to the company within 40 days after the leave of absence expires. Seniority standing will be unaffected. Mr. Wadlow said that employees who resign to enlist for longer than |2 year will be given special con- | sideration when applying for reemployment.

® SAVE INTEREST "on present or contemplated indebtedness, including existe ing Pokiey loans.

wi Loans are based on cashor or nan values’ of policies. No commission nor expense.

YOUR INQUIRY 1s INVITED

BANKERS TRUST COMPANY

PENNSYLVANIA AND OHI0 STS.

Member Federal Deposit Insurance Corp.

® Have you ever had a fire? Mostdwelling firesare caused by faulty heating plants : : ; defective wiring ; . : accumulations of trash. Such fires are clearly preventable fires. The careful property owner is quick to correct any such condition for he doesn’t want

LALLY 213.

| HOME OWNERS reduce fire insurance costs

Mutual Insurance Means Reduced Losses . . « Reduced Cost

the responsibility nor the

inconvenience of a burned property—and he buys Mutual Insurance. By helping to prevent fire, insurance costs are reduced : : ; reduced losses means reduced cost. The res- ; % identagency listed below can give you full particulars: There is no obligation; of course, for such information:

GRAIN DEALERS hai

NSURANCE CO.

Home Office: Indianapolis, Ind.

GRAIN DEALERS MUTUAL AGENCY. ING. 1740 N. Meridian St.-WA. 2456