Indianapolis Times, Indianapolis, Marion County, 17 October 1940 — Page 31

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THURSDAY, OCT. 17, 1940

THE INDIANAPOLIS TIMES

PAGE 31

BUSINESS

60,000 Pounds of Molten Bronze Poured for Battleship Propeller

Hoosiers’ Income of $494 Per Person Last Year Is Below National Average

~————————— By ROGER BUDROW

THE AVERAGE HOOSIER RECEIVED LESS MONEY last year ($494) than did the average person throughout the nation ($536), Commerce Secr etary Jesse Jones revealed today. The figures are on a ‘per capita” basis which means that if you took all the income received in Indiana last year and divided it equally among all the people who'live in the state, every man, woman and child would have received $494.

The highest state was New York! — —$825—and the lowest was Mississippi—$203. The

E: PORKER PRICES DECLINE AGAIN

of $536 was 5% over 1939 compared with $679 in 1929. Indiana, with 2.61% of the na- 3 : tion's popula- vp tion last vear, HOQS Weighing 160 Pounds had 2.41% of its : income. = The Or More Sell Dime state ranks 21st ; ¥ among all the Lower Here. others. Back in * : Roger Budrow the boom days Another dime was slashed from of 1929 Indiana's average was $589. Prices paid for live hogs at IndianThis fell to $307 in 1933 and has |apolis stockyards today, the Agriimproved steadily since then, Mr. {cultural Marketing Service reported. Jones said. The decline on hogs weighing 160 Of Indiana's $1,684,000,000 total, pounds or more, same as yesterday’s slightly more than- seven- -tenths cut the top price paid here down to was in salaries andi wages, ($1,071,- 1$6.30 for good and choice 230 to 240000,000) and in direct and work | pounders. Vealers sold at unchanged relief, unemployed benefits, work- prices with a $12 top. men’s compensation, pensions and The Marketing Service reported 50 on ($126,000,000). This is 71% 750 salable cattle were shipped here of Indiana's total, a proportion today, 461 calves, 8946 hogs and 2772 higher than the national figure sheep. of 677. ; : Almost two-tenths went to own- OFF ST rene ers of unincorporated enterprises| 12 ... 6.350 2300 16 ..... 6.40 11488 and one-tenth went to owners of | It. 630 Jaa iF ee — Secuyisies, mortgages and real 120-140 5 5.005.600 970. 300..5 813- 833

2 = os DON'T WORRY about competition from that Brazil steel industry that U. 8S. is helping finance (with 20 million doHars) and run (with American experts), the rAlexander am Hamilton Institute advises. | Slaughter Cattle Before the war Brazil bought her Choice— ian steel from Europe, not U. S. Not| 750-900 gia 1 9 greasing, excluded), only will she be less dependent on 1o0 1 0. 1275-1373 Sausage. © 6.25- 7.00 European steel but also less de- | 1500218 -1500', 13: 75-13.75| Mediura... 5.25- 6.23 pendent on money from her coffee | 750- goo. Medium 4.73- 5.25

5.80- 6.10 5.70- 5.90 §5.55- 5.75

4.75- 5.75 Slaughter Pigs

.100 90- 120.. 4.75- 5.10 & Vealers i il 750)

HON WWWN~D EERIE

0. Medium —

1 a OHONN0O on

10.50-12.00

2:30-10.50, 5.50- 7.50 Stocker

Comm

Ewes (wooled)

Good and choice 2.75- 3.50

CHICAGO LIVESTOCK

Hogs—Receipts, 12.000; slow: steady to 10 cents lower; mostly. 5 to. 10 cents off: top, $6.60: bulk good and choice, 29; -300 | Ibs., [email protected]; mostly [email protected] 360-1b. butchers. [email protected]: well yin 180-200-1b. lights, [email protected]; smooth 300-360-1b. sows. Seneraily [email protected]: most 360-

450 1bs., $5.75@ Cattle — Receipts, 6000.. Calves, 1000; mostly steer run: market generally weak. to 25 cents: yower except on few loads etoile choice and prime: relatively $14 paid for prime

to sell above $13: is best yearlings,

. .

ceessse 2.004 25

fewer cattle |

lance by county offices cannot be

Sixty thousand pounds of molten manganese bronze are being poured in the Philadelphia Navy Yard

Net Last Change

-+ 0.49 —0.15 +-0.06 —0.18 |

Yesterday Week Ago Month AZO .....sees0000.00.. 131.34 YeRP AZO ::.vveinsnsnss sees. 153.36 High (1940), 152.80; Low, 111.84, High (1939), 155.92; Low, 121.44, 20 RAILROADS 28.71 28.60 28.25 34.71 22.14. 24.14,

Abbott Lab

-— 1 + Vs Va Vs la Ya

a 13 Stl. Allied Kid .. Allis Chal Am Bank Note. Am oe m

PELL;

+£0.07 40.04 —0.11 0.20

Yesterday . Week AZ0 ....c.c0. esse sense Month Ago ..... Year Ago High (1940), 32.67; Low, High (1939). 35.90; Low, 15 UTILITIES

12 1s Ya

1+:

—0.2% 140.05! —0.06 40.10

BN ARATE ®

22.19 21.45 21.99

EIRREEA

+1:

Net Change Paramnt Pict .. Para Pict 1pf... Pathe Film .. Patino Mines ..

EE SES

or am

ie +H

2 Pere Mat prpf.. Phila Read CI Phil Morris .... 83 Phillips Pet .... 3

nN ~10300 nN 1000 Ba BON UT 12D

Press Stl Car.. Pub Serv . Pullman .......

adio Rienfeld Oil ..

Schenles Dist . Servel Socony I South Pac Std Brands .... Std Oil Ind ... Sterl Prog slelee Stew Wa . Stone & "Web .

Texas corn tens

Timken R B ..

Union Carb ... Un Qil Un

Deere & Co Un

20775 Doehler D Cast. 209% 20% Du Pont pf....124%s 1243s

205%

United Cp pt. oe

‘But Employment Service Is

,! has been

,, (than they can fill. %lcan qualify for such jobs are urge

| ment office.

nited “re East Air Lines. 34%; |e Prk re Pass Kodak ...134'%2 Un Gas Imp .. Blog Bardit 1% or 3218.3 Sypsum . nl ec r viv 8 A 3 —- {3 0 54 § 1 El Pwa&l, $6 pt 341% : : |g S Hoffman .. a El Pw&L $7 pf. 3815 ; ¢ “es ne yy!

/, 4 Ward Bak B... West Pac pf ... Westing El .. 2| White Mot .... Wilson pf } Woodward Iron 31 Woolworth 335s Worthington . «23 Worthing pf B. Wort’'ng cv pr pf aa Xi 151% 37a

Ya —W— 3 13-16 | .. 397% : 911; 497% . 16 1034 21% 3%, 107%

almost a week before the mold is stripped off. N.Y. STOCKS ° ’ A 30 INDUTRIALS Officials Say Most Mailing By NED BROOKS Am Am Day will have come and gone before Am T&T istration reaches its peak in the pay-|armour 1m MoniB £49. snes | : High (1939), 27.10: Low, 20.3 ficials said today. They reiterated|s Bo Ami A... 107 R B Republican fears that benefit |¥ 2 id 1514 R w . 3 . 3 od 5 were increased by the discovery Campbell Wy .. 147% of additional review auditors from |Selanese Ch MSira P pt payments. ) 281 Cigale PP P.... , | been assigned to field work and that Sg}, Crécast B. 130 Bf Av... 80 Comwlth & So . 1% |pliance is heaviest. Cons Corn Prid {shows that benefit payments of all ea ea Curtiss. Wr .... the corresponding period of 1939. year, but they said it was out of the jon this year’s crops would be in the .. 607g mented by parity-price payments to |Ex-cello-o U § Steel Pl... Virginian Ry pf Sar latter benefits, based on the previous | Fics siove’” 331 Gen Parity payments total about $225,-

for one of the Washington's four propellers. This delicate job will produce a three-bladed propeller 17 By UNITED PRESS . 131.97 Will Be Done After Am Am Times Special Writer Am Stl Fdies... — Yesterday the Agricultural Adjustment Admin- | Am Woolen pf.. 5 Year Ago 'ment of 1940 conservation checks to 4mStIong Ck. Bald Loco ct... 1: 18% 15% denials that an administrative |Bepdix Ayn 3 B ger 36% checks would be dumped into the |" ailard 32% that Acting Controller General R. N. Gannon Mills. 3854 Cel nest pr pf 118Y | Washington to soil-conservation |Ches b City I & F Officials said, however, that only cof a’ Aik - 3 Colum Gas .... 53 5 | this practice is customary every fall, Comwlth Edi . 30'% Checkup Is Awaited Cont Crane Co | types were actually lower for the Crucible pf .. .. Cutler Ham ... Officials expect to overcome this lag |question to expect that any sizable tata hands before November. Eng Pub 8 Ya growers of corn, wheat, cotton, 3 oy 3% 5 Florence Stove.. year’s prices, reach the farmer 000,000 a year.

feet in diameter, with a weight of 35,000 pounds after machining. The cast will be allowed to cool for OF AAA CHECKS DOW-JONES STOCK AVERAGES Election Day. Am Am WASHINGTON, Oct. 17.—Election 2 ] {Am Stores Week AZO ..:vvercsssnvscans Anaconda , Atchison . High (1940), 26.45; Lov. 6,000,000 participating farmers, ofarnsdall a 3114 Bet , Steel . 81% speedup has political implications. swing Cp Am 47% MT mails in large numbers before Nov. 1 (Elliott had authorized the transfer |Caterpillar T .. 1a Ches & Ohio .. 40% 'field offices to assist in expediting 91h Climax M Co’ oe three or four new reviewers have Col Sew 19% Col G {when the work of checking comCons Edison ... Cont SAT iL An examination of AAA records Cream Wht Curtis Pub .... {first nine months of 1940 than for 'during the remaining months of the | propor ‘tion of conservation payments | Conservation payments are supple- Eng PS 5.50 pf rs nl tobacco and rice. Rates for the Fair Morse .... 41 Yanagi 331% earlier than his conservation checks. The check on farmers’ perform- fe

completed in time to issue the bulk of the checks before November and December and many payments will run over into 1941, officials said.

Checks Sent Early Attention was first attracted to

Hat Corp . Hecker Prod ... Herc

634 | Yellow Tr 83% 6

Young Sheet’ : 3

Zenith Rad ... 147,

. . 10%

103% . 4812 1

Inspiratn Cop Int Harvester Int Nickel

Int

This gives an idea of the size of the propellers that will drive the Navy's 35,000-ton battleship Wash-

ington, under construction at the Philadelphia Navy Yard. rough spots off one of the 35,000-pound screws.

In the background the workman is chiseling In the foreground the worker is putting some Rnishing

touches on a 300-pound propeller for a Navy dredge.

65,513 OBTAIN

JOBS IN STATE ,

Britain Spending 30 Million a Day

LONDON, Oct. 17 (U. Pon ritain’s war effort is costing

STATE BANKERS HOLD MEETINGS

000,000 more per day than i) te

Still Hunting More Skilled Workers.

ported today it helped fill 65,513] private jobs the first nine months| this year as compared to 59,411 at|® the three-quarter mark last year. Men were placed in 30,268 jobs in| the period as compared to 26,095 in| last year’s first nine months, Place- | ment of women also increased but to! a lesser extent with 35,245 against | 4 33,316 the first three quarters of 1939. “Another sign that the job market | is definitely stronger is the greater | proportion of skilled and semiskilled workers placed, especially | since the national defense program | intensified,” J. Bradley Haight, state employment head, said. “The public employment offices have received more calls from employers for skilled machine workers Workers who

to register at their nearest employWorkers who need to renew rusty skills or those who believe they can qualify for more expert jobs after additional training may be able te enroll in the special vocational courses now being given in the public schools. and in some of the large factories.”

U. S. STATEMENT

WASHINGTON, Oct. 17 (U. P.).—Government expenses and receipts for the current | fiscal year through Oct. 15, compared with a year ago:

his Yea ast Year 12, 389, 328. 11 $2, 834,719,999. 63] ,664,749,584.28 1,605,758,437.39 | 47,639,643.83 1,228,961, 562.24 1,219,457. Sa 1.967.266.216.82 |

T Expenses. $2, Receipts... Gross Def. Net Def.. Cash Bal. Work. Bal. Pub. Debt 44, 060, 534, 343.84 Gold Res: 21,372.289,824.12 Customs. . 84,878,248.59

-36 J 2.00 | 394 | | INDIANAPOLIS CLEARING HOUSE

Clearings «..ovueecesncocecese...$ 3,695,000 Debits .. 10,268, Ld

sesasssssssannae

WAGON WHEAT

Indianapolis grain elevators are paying | for No. 1 wheat. 80c: subject to market, | change; Sper grades on their merits. Cash | orn yeilow shelled, 6€0c: white le, 68c; No. 2 white oats. 0 !

RUIN NR

£1,000.000,000 ($4,000,000,000) check” The State Employment Service re- |yesterday, the chancellor revealed

height of the World War in 1917-18

Sir Kingsley Wood, Chancellor of ‘Two Scheduled at Pais: the Exchequer,

House of Commons today.

disclosed in the,

Bogart to Address All Three Groups.

Members of the Indiana Bankers that war expenditures are running Assocjation will hold three meetings at the rate of £7,500,000 ($30,000,000) next week. : a day. | The first will be Tuesday at McWhile he made no comparison Cormick’s Creek Canyon State Park. with World War spending, it was re-| Members from Clay, Greene, Hen‘called that in 1917-18 Britain spent dricks, Monroe, Morgan, Owen, lan average of £6.500,000 a day. At Parke, Putnam, Sullivan, Verntillion |that time there were some 3,500,000 and Vigo Counties will attend. men under arms, mostly abroad,| The second is Wednesday at compared with about 2.000,600 men Spring Mill State Park, attended by

today, most of them in England, in- bankers from Clark, Crawford, dicating that air sieges are a costlier| Floyd, Harrison, Jackson, Jefferson,

form of warfare than the World Jennings, Lawrence, Orange, Scott

ar's tual slaughter of vast! and Washington Counties. keh as g | Thursday's meeting at the Vine

Sir Kingsley Wood also disclosed cénnes Y. M. C. A. will be attended

bankers from Daviess, Dubois (that civilian expenditures are run-|7’ ) , s ning at an average of £1,500, 000 | Gibson, Knox, Martin, Perry, Pike,

($6,000,000) a day, or nearly double FOSey, Spencer, Vanderburgh and

| Warrick Counties. £800,000 fos War peak of 0, | President Paul N. Bogart of the

[Indiana Bankers Association will speak at all three meetings.

RALLY FOLLOWS DIP Books cLosep on IN WHEAT PRICES, TREASURY ISSUE

WASHINGTON, Oct. 17 (U. P)).— CHICAGO. Oct. 17 (U. PJ). od Treasury Department— has Wheat futures rallied to or near closed subscription books on its new Iprevious closing levels on the Board! {offering of 91-day bills after receivof Trade today after an early dip|ing bids totaling $475,559,000 on the of around % cent. Corn displayed: $100,000,000 issue, it was anounced a firm undertone. today. At the end of the first woul - Secretary Morgenthau stated that wheat was unchanged to off 1¢|bids amounting to $100,544,000, tencent, December 85%. Corn was % Idered at par or slightly above, have to % cent higer, oats up !i to 7; been accepted. The notes *wilk be cent and rye unchanged to down |dated Oct. 16 and mature Jan. 15, 1, cent. Soy beans lost i to 3% | 1941. ; :

cent. i DAILY PRICE INDEX

Loans Made on NEW YORK, Oct. 17 .(U.

Dun & Bradstreet's daily Cad STOCKS

price index of 30 basic commodities, era ans To: Pros and BONDS LOW RATES 106 E. Market St., No. 415

Reporting to Commons on the new “blank issued to the Government

Yesterday ....vseeessorseesss 119.87 Week ASO... iieeservsnesnss 119.20| Month Ago sis 00000000 err 115. 78] Year Ago tessesccv bare ne es 119.66 1940 High (Jan. 2) ....eeee.. 123.34; 11940 Low (Aug. 19) .......... 112.42

rE Ee

r 0

10.50-12.00/ Cutter 3 sales, a difficult problem only par- | 9 900- S-1100, 10.50-12.25| i 4.75- 5.25 0- 3 tially helped by boosting production 10.73-12.75 Good and ers of cotton to sell abroad. Then, too, BRT f nt the Institute adds, industrialization 3.00-10.731 ~ Medi down there will raise the standard |C omy Hy of living and.they can buy more] - Steers, Holors : Steers Choi Cho Eoeipts, 461) 4 on om | dood 11.50- 12.50.C on 500, 225-1000 BIG CITY WATER companies in| 500 , 2 29-10. eirers future face the prospect of having choice 335: 332 00-1000. 25 tions to keep customers who are | 150 900. 10.25- 11.25 Comm mon— Be 7 o 7 um 0 3 51 moving away jim ig areas. | ogni sho Fun: i” steer 2 uron and choice— oan | 500-900 Cows dium — “ ery | N80- 900. 8.00sociation, declared that “the very, ;, “Vg... 300-900 800 20 growth and spread of the population | Ag hair and industries we serve have added : to our difficulties — by encroaching | canner + 3.50- 4.50| Medium— on watershed areas, lowering g ground | SHEEP AND el, 130 82 water levels and.contaminating the ry’ enn 7.75- 8.75 2 6.25- 7.50 | ODDS AND ENDS: Indianapolis | is the center of the fourth best area | in the U. S. for coneentrating sales, mail a letter in Knoxville, Tenn, hail a streetcar or bus at an inter- | section, drop the letter in a slot in ment didn’t say if you have to get on the car or pay a fare. . . . British orders for steel are dropping off ing up the slack. Buick and Studebaker are reported to be nego- 1390.13 001 in ght: | best yearlings. tiating to build 2000-horsepower ra- Sten beef cows steady. but others weak: i ke : down: vealers weak to cents low a licensing arrangement like Ford top. $11.50: stocker and feeder trade gor: is starting to make Pratt & ai offering fairly liberal supply. / i ny is sai eep—Receipts. 2000: late Wednesday ney engines, Fach company fat lambs mostly steady: EL, a month. Dr. Victor G. Heiser (who lop. $850. good Utah and Washington wrote “An American Doctor's Od- 96-1b. few shorns, $8.25: today’s trade fat dyssey”) will be principal speaker at | 87.0 TRE Sealy Io Welk, eany sais; some held slightly higher; load good to dustry a week from Friday. choice around 95-1b. "fed shorn lambs, Exports of farm equipment this year $4.35 gown: common 75-1b. feeder yearmay hit 87 million dollars, best since 75 joying excellent sales, American Machinist reports. s Economist A. WwW. Zelomek thinks that post-war standard of living, no matter who wins, which will curtail our sales over there. continuous history of any airplane company in the nation — probably the world. It was founded in 1909 tin, pioneer aviator who is still its president, and is particularly famous for the Martin bomber. Presi- | Ohio Railroad revealed today the | company may spend $6,000,000 for equipment to build 1000 steel gonFOREIGN JIGN EXCHANGE NEW YORK, Oct. 17 (U. P.).—Following | are noon cable rates on major surrencie: e

10.75-12.75! 1300- 1500. | Lioo- 1300. | 6.25- 8.00 Feeder, . products from U. S. p 500~ 750. 800-1050. 10.25-11.50! 50d 300 8.25- 9.25 | to building mains to suburban sec-| 750° 900. 11.25-12. 00 Medium — Calves Wf president of [Comm 1Goo the Pennsylvania Water Works As- | 0.50- 775 388° down 9.00-11.00 | 5.50- 6.25 Calves Good — ommon. 4.50 5.50 500 down 7.25- 8.25 ~~ soil.” Forbes magazine says. To the side of the car. Their announcebut U. S. orders are more than taksteady; dial Wright airplane engines under $5.50 down: bulls steady at $7. active than earlier in week with dealers to be counting on 1000 engines a |olwer; good to choice natives, $9.25 50: lambs opening steady to weak: early sales Evansville’s clinic on health in in$8.25; sheep steady; few slaughter ewes, 1930. with tractor manufacturers enEurope is bound to have a lower tin Co. believes it has the longest | at Santa Ana, Cal, by Glenn Mardent Daniel Willard of Baltimore & dola cars and 1000 all-steel box cars. able

_Shangs and (pound) .. ch (dollar) ov +00 1-16 Italy (lira) Ly Finiand (markka) ... Switzerland (franc) 8weden (krona) .. Japan (yen) ....... cise Mexico (peso]

SHOTGUNS

ALL, MAKES—ALL GAUGES

AS LOW AS 3

TRADE IN YOUR Sacks Bros., 308 Indiana Ave.

sense

OLD GUN.

. The Glenn L. Mar-

OTHER LIVESTOCK

CINCINNATI, Oct. 17 (U. .P.).—Hogs— Salable, 2700: total, 2925; top. $6.40; 250300 lbs.. $6.25; 300-350 ]bs., $676.10: 180200 lbs., $8.20: 160-180 Ibs., $6.05; 140-160 Ibs., $5606 5.85; 100-140 lbs., [email protected]. Cattle—Salable, ; total. 450; calves— salable, 200: total, 200. Active strong mar- | ket. Occasional steers and heifers 800 lbs. down: $964r10.50: with part load good steers nd heifers at $11.25. Sheep—Salable, 700; Total. 700: fairly active trade, several lots | trucked-in lambs, $239 50; choice ewes and | wethers, 80 lbs., $9.7 P.).

I rr. WAYNE. Oct. 17 (U. —Hog ; a 240 'bs., 35 20 20 220 Tr 60-180 1lbs.,

5¢ low | 86 i 180-20 Rs '$5.95; 15 80: 240- 280. 1bs., $6. 10; %é0- 280 1bs..$6.05; 280-300 lbs., $6: 300-325 1bs., $5.95; 325-350 '1bs., $5.90: 350-400 lbs.. $5.85: 150-160 Ibs., $5. 35: 140-150 1bs.. 3s. 10; 130- 0 9 $4.85; 120-130 lbs., $4.6 100-120 $4.35. |Roughs, $5; stags, %a. 75; calves, 955, lambs,

$9. LOCAL PRODUCE

Heavy breed hens, 12c¢; bareback hens, 11c; Leghorn hens, 8c; bareback Leghorn |hens, 8c; Barred and White Rock springers, 13c; other colored heavy breed spring|e. 12¢* Leghorn springers, 11c; bareback {springers, 9c; old roosters, 6c. Indiana Grade A large eggs, 24¢; Indiana Grade A megian) gps, 20c; small Grade A

|egegs, 13c; No. 6c. | “Butter—No. 1 ati @32c; No. 2, 30% {31c. Butterfat—No. ; No. 2, by 2%

, 28c; | (Country . pickup prices quoted Wadley Co.) CHICAGO. Oct. 17 (U. P.).—Ap Wisconsin Mackintosh, bu.. $1. 8502 ery—Michigan, crates. 40@60c. Tomatoes —California lugs. [email protected]. Spinach— {inal bu., 25@60c. Caulifiower, crates, 50/@65¢c. Carrots—New Mexico crates, $3.25. | Lettuce—California crates, $2.50@4. Sweet { Potatoes Tennessee, bu.. 90c@$1.25. Onions (30-1b. sacks)—Minnesota vellows, Illinois Yellows. 40@60c; Colorado Spanish, 95¢; Utah Sweet Spanish, 95¢: Idaho Sweet Spanish, 92@96c.

les Cel-

315 59% 243 2

P&P pf Int 8ilver ....

efforts to speed up the check disInt T&T

tribution when it was disclosed that farmers in Iowa and Nebraska had received their checks considerably in advance of the usual schedule and just: before Wendell L. Willkie's visit to that area. AAA officials explained that since the program started they had been trying to accelerate payments, and that delays had been one of the chief causes of criticism from Congress and farmers, : Priority in ‘the receipt of pay- ma 3044 ments, they said, is governed by the shall 0 rate at which county offices, super- Martin (Glenn). vised by committeemen elected by ISTE. ar the farmers, complete their heck Merville Sh of performances.

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. Bid Askin

Stocks Ya 9 52 56

Johns-Man .. 683%

Kelsey-Hayes A. 16's

Lehman ........ L-O-F Glass vo. Lima Loc Lockheed “Air ft.

11, 437 2314 281, 26 22V, —M— . 2934 26%,

HEHE + +

/8 | ‘8 | 311 13% 25

Lig Spe

. ple

qn +21 . 111

Muetier Br Munsingwear

Nat Dalry ..... 13 Nat Distillers. . . 20% Nat Enamel ... 9 : 657% «. 973 . 1455 . 255% 5 . 19% 56 a

Agents. Finance Corp com.... Belt RR & Stk Yds com... Belt RR & Stk Yds pfd Central Ind Pow 77 pid. Hook Drug Inc com 4 Home T&T Ft Wayne 7% pid’ = Ind Asso Tel Co $6 pfd Ind & Mch Elec 7% Ind Gen Serv 67mpld Ind Hydro Elec 7% Indpls Gas com Indpls P&I, com *Indpls P&L 67%

54 791% No Pacific

9% 411% Pon 1534

Ohio Si Otis Sti] 93% Otis Stl cvipf.. 41%

Pan Am Arwys 153%

STOCK PRIGES PUSH UPWARD §1 OR MORE

NEW YORK, Oct. 17 (U. P).—| Stocks pushed forward to gains]

| ranging to more than a point in

mid-session dealings today. Trading| expanded slightly. Prices swung irregularly through i the first two hours of dealings. In| | the third hour most sections of the list met suport and rallied. Business news included a 3- -point rise for September in the Federal |

» | Reserve board production index, a | report by engineering news record |

that heavy construction awards this, week had been boosted to the highest level for any week on! record by defense activities, a better-than-expected rise in carloadings for the Oct. 12 week, and reports that new automobile sales were exceeding expectations.

Incorporations

Interstate Telephone and Telegraph Co., Warsaw, reorganized under General Corpoation Act of 1929: 12,200 shares preferred of $100 par value and 70.008 shares common stock without par valu Interstate Telephone Coraoration, Warsaw,’ reorganized under General Corporation Act of 1929: 200 shares preferred and 550 shares common of $100 par value,

p *Indpls P&L 62% pfd Indpls Water 5%. pfd .... Lincoln Nat Lite Inc com N Ind Pub Serv 5'27% N Ind Pub Serv 67% pfd IN Ind Pub Serv 77% pfd Progress Laundry com... Puh Serv Co of Ind 67%

et »

| Union Title Co com | Van Camp Milk pfd Van Camp Milk com.....

\One-Third of Firms Surveyed Will Add to Draftees’' Pay

NEW YORK, Oct. 17 (U. P.).—The National Industrial Conference |

*Ex-dividend. Board, after a survey of 128 concerns employing 1,500,000 workers, an-| | Amisiean Laan 5s on s nounced today that nearly one-third of the firms have decided to aug-| American Loan trea ment Army pay, continue pension plans and “otherwise assist” employees

FRACTURE BEDS Can Be Rented at the New

DRUG STORE

HAAG’S ALL-NIGHT 22nd and Meridian

Colonial Thrifty Savings Accounts are Insured by Government Agency up to $5,000.

Colonia Savings & Loan

Association Member Federal Savings & Loan Insurance Corporation 28 South Illinois St.

mmm Tailored Just For You Suits-Topcoats-0’Coats Choose from over 700 patterns As Long As 32 Weeks to Pay TAILORING CO. LED

235 MASS. AVE. BUSINESS EDUCATION Strong Accounting, Bookkeeping, d Secretarial courses. Bt venting sessions. Lincoln 8337. Fred W. Case, principal.

Central Business College t nd Builders Suilding pertiitecee = Vermont Sts., ‘Indpls.

OUTFITTERS ‘£0 iE MEN, WOMEN and CHILDREN

THE MODERN CREDIT STORE

5 129 W. Wash, [n®2ans Theater

Is Opposite Us #5 8 - g 8 2 a : TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.

46 . a Ea Ean salied for JiR sense two months’ full salary or wages upon entering the Army while a large tobacco concern reported that it planned to pay.its draftees “with six months’ service” the difference between Army pay and their regular earnings up to $3500 per year. Most of the companies surveyed have announced job protection policies carrying out the precise provisions of the Selective Training and Service Act, which call for a | 0AN S Autos, Cameras, ° Clothing, Shotguns, Ete.

The CHICAC JEWELRY

Ss Indpls Railway Inc 5s 67 Indpls Water Co 3Y% Interstate T&T 5'as

107% 0a 60 108%2

107% 76%s

..100 Mo Water Works 5s 65... Nat Silk Hoslery 5s 42

5 Richmond Water we 5s 57.. Trac Term Corp 5s 57 *Ex-dividend

on on Everything! Diamends, Watches, Watches, Oldest Loan

Brokers in the State

In one case, drafted employees with a year’s service will be paid]

company to re-employ regular employees within 40 days after expiration of their training period. The Conference Board asserted, that “almost without exception” business concerns plan to inform: temporary help that their employment will terminate upon return of the regular workers from Army service. Several have even made plans to have temporary employees sign a statement showing their complete understanding of the “stopcharacter” of their employment. Pension plans were found in effect in 35 companies. In 17 cases the time spent in training by an employee will be deducted from his final service record while in the | other 18 cases provisions have been| made to take care of the employees’ participation during his Army |

CO, Ine. 146 EAST WASHINGTON ST. :

| period.

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America Deiends Itseli

At this moment, national defense is foremost in the mind of every American.

Many companies in Indiana are cooperating in the National Defense Program by entering into government contracts or sub-contracts. Some of these will call for additional funds as s surely as they call for raw materials.

The American National Bank, as an aid to prompt rearmament, and since it always welcomes good loans, is interested in presenting its credit facilities to industry. If your company anticipates a need for a defense loan, we cordially invite you to discuss it with one of our officers, either at your desk or at the bank, with the assurance that every reasonable consideration will be extended.

AMERICAN NATIONAL BANK

al Indianapolis

PENNSYLVANIA AND MARKET STREETS

. = MEusrx CORPORATION

FEDERAL DEPOSIT INSURANCE

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