Indianapolis Times, Indianapolis, Marion County, 7 November 1940 — Page 25

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I BUSINESS

TT Te am—_———

. Indianapolis - office

tober last year.

| N Ind Pub Serv 7% | Progress Laundry com | Pub Serv Co of Ind 6 pid. .

| Ind Assoc “Tel Co 312s 17 | Indpls P&L 3's 70 valve we JOB | Indpls Railway Inc 5s 99+ vus) BY

| Morris 5&10 Stores 55 50

| N Ind

i A 00 Richmond Water ks 5s 57. 4,

| fw 2 Year Written Guafantee } smart Authentic NEW STYLES

Indiana Farmers Are Getting

More Money for Their Crops By ROGER BUDROW

INDIANA FARMERS ARE FARING MUCH BETTER now when they take their crops to market than they did a year ago, according to Purdue University. The university compiles an index of Indiana farm commodity prices and

uses prices paid between 1910

and 1914 as 100 on the index.

On that basis the index, which began its upward swing

last summer, reached 95.9 on figure in more than a year.

.. The purchasing power of Indiana | farm commiodities rose a point ane} ing October, reaching 79, while the U. Ss. purchasing power of farm products jumped a point to 81. Only corn, horses, hogs and ¢hickens showed any actual price decreases during October a n d Purdue said that | was probably (due for the most| part to normal seasonal declines. All other Hoosier | farm| products showed price increases except apples, lambs and butter, which remained unchanged from [their prices a month earlier,

o # 8

LOWER INTEREST |rates and liberal loan terms are here to stay and should be studied realistically in the light of present conditions by institutions which hope to take the leadership in the home-financing field, according to Dr. William H. Husband of the Federal Home Loan Bank Board. There's no use regarding them as a “flash in the pan, » he believes.

Roger Budrow

ss» |

THE INDUSTRIAL production index of the Federal Reserve Board reached 127 in October, compared with 125 for September, 121 for the summer months and a peak-of 126 reached last December, r n 8 " ODDS AND ENDS: Allison has 60 million dollars worth of unfilled orders, according to the magazine Aviation, whith reports the whole U. S. aviation industry has more than. three billion dollars in unfilled orders. . . . Federal Home Loan Bank Board reports there were 1103 city real estate foreclosures in Indiana the first nine months this | C year compared to 1439 |last year. . + + Thirty years ago [today the first air express ‘shipment was made (from Dayton. to (Columbus, O., 65 miles in 71 minutes). : The SEC reveals: thati Howard Hughes is still buying TWA stock, now owns 385,650. shares. | . The |S of the State Employment Sérvice reported 1839 persons were assisted in getting Jobs during October. |The market value of all stocks | listed on the New York Stock Exchange tose more than a billion dollars during October to the largest | valuation since April, the Exchange reported today. On .Oct. 31 there were 1230 stock issues listed (1,452,542,070 shares altogether) with a total market value of $42,673,890,518. . . . Trading in grain futures on the Chicago Board of Trade jamounted to 368,975,000 bushels in October, a decline from the 374,727,000 bushels in September and much less than the 548,292,000 bushels in Oc-

vor

LOCAL ISSUES

e following quotations by | {the Indiana lis Bond & Share Corp. dg not reprent actual price ot offerings,| but merely icate the approximate market level based on buying and seling guotations oF oacens transactions. Stocks | Bid ; kK

Agents Finance Lup com. Belt RR & Stk Yd

N Ind Pub Serv 6%

Pid.. 0 Ind G&E 4.8% pid vars] rre Haute Rec 5% pid. nion Title Co com an Camp M | Van Camp Milk com > Bonds

| American Loan Bs 4 ME 0 American Loan Citizens_Ind Tel Vas 61 Crabbs Reynolag Taylor i 2 Home T Ft Wayne

he Serv Co -of Ind 77%

Indpls Water Co 3'as Interstate T&T 5a: ‘ ¢ Kokomo Water Works 5s 58... Kuhner Packing Co 4's ». s

Muncie Water Works 5s 65. Nat Silk Hosiery 5s 42 Pub Sery 3%s 69

1h Tel Co 4!

TAC Term Corp 5s 57 1731 1061

ndreds Wa ONLY ONE LOCATION

FUR COATS The SACKS BROS.

2 (300: fairly

Oct. 15 this year, the highest

HOG PRICES DIP 1070 15 GENTS

Top Quoted Here Is $6.20; 11,590 Are Received; Vealers Gain.

Hogs sold 10 to 15 cents lower at Indianapolis stockyards today than they did yesterday, the Agricultural Marketing Service reported. The 10-cent decline was made in hogs weighing less than 160 £ounds

pounds were 15 cents cheaper. The top fell to $6.20 for good and choice 230 to 240-pounders. Vealers were strong to 50 cents higher with a top at $12. Loa The Marketing Servicer reported

today, 537 calves,. 11, 5% hogs and 3750 sheep.

s Top Beis, now... $5

2... 62 2360, 6 .... 635 4 ... 635 6633] 7. e%

Barrows pud Gilts | Paskin 140 8 4.

Nov. To Rests. Ys 4]

10, he 11,590

4.60- 5.60

Slaughter Pixs 5.85 90- 120.. 4.65- 5.00

& Vealers ection 937)

160 200. Slaughter Cattle Cho | Bulls 750~ 900 $12.00-13.50 {yearlings Sxtluded) 900-1 12.50-13.10! Goo .$ 6.75- 7.2 1300- 150. 13.00-14.10| ie: 1300-1500. 13.00-14.25! Medium. . 00d— [Cutter an 750- 900. 10.50-12. 00i common 900-1100. 10.75-12.50! Ve 1100-1300. 10.50-13.00| Good a 1300-1500 10.75-13. .00| Med {Com 750- 1100. 8.00-10.75! mediim. 1100-1300 8.00-10.50| Cull .

Common— | 750-1100. 7.00- 8.00! Steers, Heifers (Receipts, Choice ce— 500- 50. 11.50-12.50¢ 500- 1300: Good— | .800-1050..

500- 750. 10.00-11.50 Good— | 500- 800..

10.50-12.00

7.50-10.50 5.50- 7.50

Feedol Stocker 537)

9.50-10.25 9.50-10.25

.8.50- 9.50 8.50- 9.50

7.50- 8.50 6.00- 7.50

nd choice " n an

Heifers

Cholce-- i 590- 1000. 70. 900. 11.25-12.75 500- 900. .

730: 9D 900. 10.00-11. 25! G00 da

o- x 7.75-10.00 are dium

500- 900. . 8.00- 9.50 300-500. 6.00- 7.7) 500 down,. 8.50-10.00 . Calves (heifers)

ws Good — Good 7.00- 7.50 300, Sown.. 8. 50-10. 25 Medium . 6.25- 7.00! Med Cutter and | 500° down.. 7.50- 8.75 common 5.00- 6.25 Canner... 4.00- 5.00! SHEEP AND LAMBS (Receipts, | 3750) Good and choice Medium and good Common ..

Good and choice Common and medium | Carrey ave

CHICAGO LIVESTOCK

Hogs—Receipts, 12,000; opened around 10c higher; late rtrade slow, early advance lost; top, $6.50; bulk good and choice 230-330-1b. butchers, 332308. 45; 190-310-1b. averages, [email protected]; good 300-400-lh. packie SOW [email protected]; most 400-500-1b. inds, [email protected]. Cattle—Receipts. 4500: calves, 800; all grades yearlings and strictly choice and prime medium weight and weighty steers strong: medium good and average choice weighty steers slow, weak; all light cattle fairly active; heifers, firm; cows and bulls steady to strong, active; vealers steady at $11.50 down: prime 1300-1b, steers, $14.80, new high on cro general run weighty steers, to. 50@12. 50’ very few above $13; fed 1 , $13.75: “common grades scarce; slow, steady; more country buyers showing up late in week; short load fed heifers, $12.50; heifer SI mostly [email protected]; cutter cows, down; weighty sausage bulls to $7.25. Sheep—Receipts, 5000; late Wednesday steady with Tuesday's best time: bulk good to choice native and fed Western lambs, [email protected]; top, $9.75: shorn and medium pelt fed lambs, $8.2569: today’s trade fat

5 7: 3 35 Ewes (wooled)

6.50- 7.75

strong to higher asking prices: few early sales fully steady, considering quality: just good 83-1b.. fed wooled lambs, $9.50: several lots medium to good natives, [email protected]:

'good and choice held $9.75 and above; Toad

good to choice 91- i, fed yearlings around 25¢ higher at $8.7

OTHER LIVESTOCK

CINCINNATI. Nov. Salable, 3000: 300 lbs., $6.15; 1 95; 5% Se a1 as. .25; most good packing Sows, oa Cattle—Salable, 450: total, 500: calves, active. steady; heifer cro lightweight and medium offerings, $6.40 9.2 few medium around 850-1b. heifers, 20> small lot 900-1b. good steers, $10.50; vealers weak to 50c and more lower; good and choice vealers, $11.50@ 12.50. Sheep—Receipts, 400; active, strong. to mostly 25¢ higher; good to choice truckedin nearby lambs mostly [email protected]; slaugh-| nr er ewes, mainly common and medium, & "0G. £5,

25° 350:

AYNE, Nov. %0- 240 1bs., bs., $5.80;

—Hogs—

FT. (U al) e 05. 200-33 1bs.. $5. 58°

“ bs., $4.45; $5.25; stags, $4. Calves, $11.50. Lambs, $9.

U. S. STATEMENT

WASHINGTON, Nov. 7 (U. P.).—Government expenses and receipts for the current fiscal vear through Nov. 5, compared with a year a o!

Expenses . $83

Receipts Gross Def..

: 2 105,433,169.19 '125,176,366.39 INDIANAPOLIS CLEARING HOUSE

Customs

| Clearings

Debits

+ WAGON WHEAT Indians polis grain elevators are paying for No. 1 wheat, 79c: subject to market change; other Zjpdes on their merits. Cash corn: New w yellow shelled corn,

Why Pay More LOW AS 20 306-308-310 INDIANA AVE.

ne 5lc; old No. » old white shelled corn, 63c; No. 2 white oats, 30c.

10 NEW

4 FLIGHTS DAI LY

YORK . . . $40.55

Go there faster—get back sooner, flying luxurious TWA Skyclubs and Skysleepers. Every convenience aloft, including TWA'’s exclusive personal radio receivers.

To Pittsburgh ...

Los Angeles ......ccoreecceeesBcinuninnnsnn

10% Reduction

Dally Flights

Fare

torreon $ 19.55 109.40

on Round Trips

Reservations: Call Your Travel Agent or ‘ies 259

LINC

108) W. WASHINGTON ST. "CLAYPOOL HOTEL BUILDING

TRANSCON

ROUTE OF THE STRATO!L

TINENTAL

& WESTERN AIR, INC

TILER 2 ATL TL)

while those weighing more than 160|4™

937 salable cattle were received here|4

2.75- 3.50| =

lambs opening rather slow largely account|y

5: | Nat Biscuit .... b:\ Rat Cash, Re roughs, Nat Fosnrew

THE INDIANAPOLIS TIMES

Morgenthau Asks Tax

The Way Defense Army Wi Il ‘Camp Out’

This row of pleasant houses at Montgomery, Ala., was not built for suburban commuters. These houses

will be homes of enlisted men at Maxwell Field air base.

The Government-financed project, built in 95

days, is one of the nation’s first two defense housing p rojects ready for occupancy.

N. Y. STOCKS

Net High Low Last Change —r— Abbott Lab ... 3. 83 seve . o's 404

Air Reduc 40% Alaska Juneau “2

Ke 1. a -~n

Am Am Am Am Loco Am Am Am Am

JONES

d 88 Roll Mill.. Smelt .... 4 Am Stl Fdies . Am Stores .. 11} m pe sew Am Water W . Anaconda .... 3% Armour Il .. Armstrong Ck. 311% Asso I pf .. 89 ‘Atchison 16 Atl Refining | V2 Atlas Cor . . 48% Aviation os .

TELE BERR EEL RR

WOI-A00C 8 bubba

Pa Bald Loco ct .. 167% Balt & Ohio .. 4% Barnsdall .... 9 Bendix Avn .... 33

18% 4,

Byron Jackson. 12%; Cla Callahan Zinc.. Calumet & H.. Can Parific Case J Celan Chee aD bt-10 Ches & Ohio

i hie

Com -Solvents Comwith Edison Cong-Nairn ; Cons Coppermns Cons Edison ...

leks 4: 1

SRNR RK OF EEF FERFHE

Container Cont Can 3 Cont Oil Del... Copweld Stee}.. Coen Prod Cre Wht “... Crucible St .... Curtis Pub .. Curtiss-Wr

HEE

Del & Hud ....

r+i+): FER

Du Pont pf ....126

East Air Lines.. 36% ...138%s

.. 735% Elec PWI&SLS . » 31% Eng Pub ve 8

Fed Mot 3a Firestone T ... Freept-Suiphur.. 34

52% . 34%

Gen Am Tr ... Gen Electric . Gen Motors ... Gen Stl C pf.. Gimbei Bros ... Goodyear Graham-Paige., Gt North pf . Gulf Mo & oh. ve

Hall Print Harb=Walk

Homestake

Til Central .... Zu Cent of Inland £tl Inspiratn Sop. Interlake Ir .. nt Harvester . Int Int n Int Johns-Man

Kennecott +...

Ma ck Tr Maint (Glenn) 3 McGraw El . Mone Porc . 36Y McKes & Rob . Prt Melville Sh Va Midland Stl pf 117 Monsanto 81Y Mont Ward ... Motor Prod .... Mueller Br .... 2 Murray

0 Nae ea

tt pd fh pd fo pod -

0-10 i ~T-IW WI hey :

No Pacific

2| Wayne Pump. .

8s | Westvaco 5 Bt.

8| Yellow Tr

4 | firmer

35|85% cents. Corn was %

By UNITED PRES®

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday ...... areas satan 131.98 Week AZO .....ce0ceevens... 134.61 Month Ago ..... 130.39

-3.23 +1.63 -.15 -1.60

Sesegtecsice

High (1940), 152.80; Low, 111.84. High (1939). 155.92; Low, 121.44. 20 RAILROADS

3 ig Yesterday

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

32.67; Low, 22.14. 85.90; Low, 24.14. 15 UTILITIES Yesterday ouveveeerveoeeess . Week Ago ...... Month Ago ..... 21.45 Year Ago 25.73 High (1940), 26.45; Low, 18.08. High (1939), 27.10; Low, 20.71.

21.51 23.00

sessstcanens

Ceavessssens

Net High Low Last Change.

Ohio Oil . Otis Elev

1 1

Pac Am Fish... 7% Pac G & El.... 283 Pac T & T.. Pan A Alrways 1534 Paramt_ Pict 8% Parke Davis .. Park Utah Penh RR .... Peoples Gas ... 3

+b HE

Postal Tel pf .. Press Stl Car...

—-

Purity Bak

PF HEEREREL

Republic Stl... Revere Cop ....

Safeway 5 pf.. 109% 109% Servel Inc wills A1Ya Socony Vacuum. 8% 8% 13%

8% 20% 407 633 18%

F144: +4:

ti & eb. . yming-Gld ww

Texas Corp ..

. 36% 36%; Tex G 2 : T

- po

20th Bh Fox .

a ®

Union Carb .... Un Premier Fd.

=®

H+ He 22 be

United Fruit ... Un Gas Imp ... Us

A oF aE

JE H+

-—

Virginian Ry pf 33% 331% —Wee - 18%

34 ‘ohne 103% 136 3334 Wheel Steel . 3% 8 White Mot . 141% White S M pr of a Woolworth

West Md West Air Bke.. Westing El . West El 1 of...

. bs Ce ae ee Nt oe

FIH+: +44]

- “®

a 0 : 141% 397% 19%,

- CRS

141; 40; 19%

Young Sheet ... Young Stl Dr...

WHEAT PRICES UP

GENT AT CHICAGO

CHICAGO, Nov. 7 (U. P.).—Wheat prices advanced a cent and more on the Board of Trade today while other domestic markets kept pace. Other grains, particularly rye, were under the leadership of wheat. At the end of the first hour wheat was up 7 to 1% cents, December

to 3: cent higher, oats up 4 to 3: cent and rye 1 to 13% cents higher. Soy beans were unchanged to 2 cent above

| yesterday’s close.

More active buying and a fair amount of short covering in wheat was prompted largely by a firmer tone in the stock market. Early

‘3 | turnover was small but activity in-

4|creased as the session got under way.

« 30 Million Turkeys Ready for Uncle Sam's Holiday Season

WASHINGTON, Nov. 7 (U. P.).—The Department of Agriculture today reported that the 1940 turkey crop is the largest in history and that prices for the fowl by Thanksgiving should be greatly reduced from

the last several years..

The department estimates a crop of upwards of 30 million turkeys, more than adequate to cope with the demands resulting from President

Roosevelt's creation of “another Thanksgiving.”

Coincidentally, the department reported, consumption of turkeys throughout the year had increased in homes and in public eating places. The number of turkeys grown in the United States has been steadily increasing for the past 10 years. The department said the increase had been accounted for in part because of the number of farmers who specialize in turkey raising and make it their principal means of income, Previously, the greatest number of turkeys were raised by farmers’ wives, who looked upon the birds as good means of raising money for holiday expenses.

Specialization, the department reported, is believed due to the study of government scientists and state agricultural experiment stations in methods of raising turkeys. The department said as the result of the experiments the public has received better and more edible birds. In buying a turkey, the department, recommends that the buyer pay attention to the dressed weight of the bird, which is the weight without feathers but with head and feet still on the fowl. This, it was explained, is the guide to the time and temperature of roasting.’ The department grades birds in

three classifications, U. 8. ‘prime,

choice and commercial.

LOAN

®iir The CHICAGO “2

on Everything!

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

,|ing came into the market.

, | from & new "| bonds.

U. S. STEEL UP MORE THAN $4

Buying Comes Into Market As Election Selling Subsides.

NEW YORK, Nov. 7 (U. P.)—U. S. Steel common stock spurted more than 4 points ($4) today to new high ground to feature a broad, moderately active stock market. Bethlehem joined the leading

“|steel issue in making a new high.

Leading issues in all groups moved up sharply. Utilities joined the rise but failed to gain in proportion to the general market. The market improved moderately

lat the opening, and when traders

observed that selling over the election returns had subsided, new buyNew impetus was given the upturn when Secretary Morgenthau asked authority to raise the debt limit and to remove the tax exempt privilege issues of Government

U. S. Steel sold at 72, up 4%; Bethlehem 91, up 4%; Chrysler

. 83%, up 3%; du Pont 166%, up 3%; Kennecott 34%, up 2%

; Loew's 291%, up 23. American Smelting 441, up 215; Sears Roebuck 79%, ex-

.ldividend, up 2, and United Aircraft

43, up 2%.

SEARS’ SALES NEAR ALL-TIME RECORD

CHICAGO, Nov. 7 (U. P.).—Sears, Roebuck & Co. reported today that October sales of $76,919,573 were the second best for any month in the history of the company, exceeded only by sales of December, 1939. . The October figure compared with

41$67,246,031 for Octbber of last year,

an increase of $9,673,542 or 14.4 per cent. The record-breaking sales of December, 1939, were $82,427,139, and included a heavy holiday business. Total sales for the first nine months of the fiscal year, February through October, were $530,139,367 as compared with $474,482,322 during the same period in 1939. The increase was $55,657,054 or 11.7 per cent.

WHOLESALE FOOD

NEW YORK, Nov. 7 (U. P). — Wholesale food prices in the week ended Nov. 5 rose sharply to the highest level since Nov. 19 last year, Dun & Bradstreet, Inc. reported today. The company’s index of 31 food

commodities in general use for the latest week stood at $2.39 compared with $2.34 in the preceding week and $2.43 in the corresponding 1939 week, The 5-cent rise in the index over the previous week was the sharpest adyance since Aug. 27 when it rose 6 cents. Increases for the latest week were registered by flour, wheat, rye, oats, barley, lard, butter, sugar, cottonseed oil, tea, cocoa, steers, hogs, sheep and lambs while corn and peas were the only commodities to show declines, i) LOCAL PRODUCE! Heavy breed hens, 5 bareback hens, 11c; Leghorn hens, bareback Leghorn hens, 7c; Barred and White Rock springersfi 13c; other colored heavy breed springers. 12c: Leghorn springers, llc; barebatk springers, 9c; old Joosters, C. Turkeys—Young hens, lbs. and ‘over, 18¢c: young toms. 16- 0 1 Ibs, 15c; young toms, 18-20 lbs., l4c; young toms, 20 lbs. and over. 13c: old hens, 15¢; old tomes, : crooked breasted, 1 Ducks—White, FF & PF, 5 lbs. and over, 1c: white, FF & F, under 5 lbs, 9¢; colored, FF & F, 5 lbs. and over, 10¢: colored, FF & PF, under 5 1bs., 8c; Indian runner, 8c. Gese—FP & F, 9-13 Ibs., 1c; FF & F, 14 lbs. and over, 9c. Indiana Grade A large eggs, 27c; Indiana Grade A medium eggs, 23c; sult Grade A and Ne: 2 orgs. ase, 10) Bo. @

Bu No. 3lc: Re iartat, No. 1. 28c: aie a PP prices oooted by the

FOOD PRICES

CHICAGO. Nov. 7 iS P.). 55 ARples-_Wis. Geisry=5c matoes — lugs, $1 5@ 2.50. Spifiach-_1i-nois, bu., Boase, er ew York, crates, [email protected]. Carrots—California, crates. $2.50@ 3.25. dE oie crates, $2@ 2.85. Sweet Potatoes—Tennessee, he. $1 1.35. Onions (50-lb. sacks) — esota 32% @65c; Utah Sweet Hy

FOREIGN EXCHANGE

NEW YORK, Nov. 7 (U. P.).—Following are noon cable rates on major currencies: HE: Rates Net Chg.

Mic Californis,

England (pound) Canada (dollar) Italy (lira witreriand (franc) .. Sweden (krona) Japan (yen) Mexico (peso)

We Call AND Deliver

Whenever you have anything to ship, whether it’s a light gift ack a pet, or a heavy crate > A iivey Express. We call at your door and deliver to any address at no exira charge in all cities and principal towns. Just phone

| RAUWAYQEXPRESS ||

A gamict

PRICES UP SHARPLY

ce — PAGE 25.

nies A

on New U.S. Securities

WANTS LIMIT ON NATIONAL DEBT AT 65 BILLIONS

Proposal Would Remove Exemptions on Federal . Issues.

WASHINGTON, Nov. 7 (U.P.).— Treasury Secretary Henry Morgenthau Jr. said today that mounting rearmament costs will‘ require Congress to remove immediately tax exemptions on all new Government security issues and to increase the national debt limit to perhaps 65 billion dollars by June 30, 1942. “We have only just begun to rearm,” Mr. Morgenthau explained at a press conference in a discussion of Governmeni financing plans of the third term Administration. “The time has come to make all Government securities pay taxes.” Mr. Morgenthau gave assurance that the Treasury does not_contemplate making Government security taxes retroactive.

Warns of Inflation Control

He said the Treasury has no idea how much revenue a tax on Government securities might raise, the probable increase in interest rates on Federal obligdtions such a step might entail or the amount of Federal expenditures the next four years. He was emphatic, however, in stating that controls would pgevent any inflation. He estimated that total Government debt might be $65,000,000,000 by June 30, 1942. The Secretary declined to estimate Government expenditures during the next four vears but replied: “We have only just begun to rearm.” Mr. Morgenthau explained that additional Government borrowing up to June 30, 1942, would approximate $15,000,000.000 to $20,000,000,000. One of the first steps in the Government’s financing program will be to ask Congress to add .the $4,000,000,000. Already authorized for defense gnancing to the present statutory debt limit of $45,000,000,That move would be a technical one to establish the debt limit at $49,000,000,000. Tax ‘Not Retroactive’ Mr. Morgenthau said that the Treasury does not contemplate any attempt to impose a retroactive tax on Government securities. The proposed tax, he said, would be applied to new issues, and he estimated that approximately $2,000,000,000 in state and municipal financing issues will mature next year. He said he ex‘pected all issues thereafter to be taxable. He refused to estimate at what cost the Government could obtain money if the tax exemption on Governmental issues were removed. He admitted that the cost mig: rise slightly.

Government Bonds In Big Demand

NEW YORK, Nov. 7 (U. P).— U. S. Government bonds moved into new high ground for the year in fairly active trading today on indications that the Administration will act to remove tax-exempt privileges from future Treasury flotations. Long-term obligations were in best demand on gains ranging to nearly a full point—relatively wide advances for these issues. The longer-term liens attracted most demand on the theory that they will be affected to a lesser extent than near-terms by the defense program.

INDUSTRIAL CLUB TO HEAR GREENLEY

The Industrial Club of Indianapolis will open a series of six monthly forums at the Central Y. M. C. A. tonight on the “Foreman and National Defense.” Prof. Russell J." Greenley of Purdue will speak at 7:30 tonight. The other meetings will be held the first Tuesday of each month. Speakers will include Capt. A. A. Nichoson, Texas Co. personnel director, and Dr. Lillian Gilbreth, Purdue management professor.

SPEEDWAY COMPANY AWARDED CONTRACT

The American Leather Products Corp. of Speedway City today was awarded a $50,964 contract to make 24,740 canvas bags for “use in the field.” H. E. Komitch, general manager of the corporation, said negotiations were conducted through the Quartermaster Corps in Jeffersonville, Ind, and that production on the bags was to start immediately. Delivery, he added, was to be made within 90 days.

~~ For MEN who “give a darn” about themselves -

New Cream Deodorant which safely Stops Perspiration

1. Keeps undet-arms dryfor 1 to 3 days AND prevents underarm odor.

Seeks Funds

Treasury Secretary Henry Morgenthau Jr. . . . “We have only. just begun to rearm.”

INDIANA TRADE MEETING IS SET

Conference Is Sponsored By State Chamber 0f Commerce.

Problems facing Indiana business will be discussed at an informal conference at the State Chamber of Commerce here a week from tomorrow. Business, Chamber of Commerce and trade association leaders will attend. Items slated for attention include unemployment and workmen's compensation, state wage-hour laws, old age pensions, poor relief, schools, home defense, highways, tax exempt property and taxes on real estate, gross income, beer and liquor and strip mines. Clarence A. Jackson, executive vice president of the State Chamber, explained “the idea of this conference developed from the obvious need demonstrated for a ‘clearing house’ for ideas in order that worthwhile legislation and broad economic policies could be viewed in the light of the general welfare and not stymied because of petty differences over non-essen-tials.” In the past, points of difference between various trade, professional and community organizations have been emphasized, Mr. Jackson said, whereas “our task is simply to transfer this emphasis to the points in common.” If anyone attending the conference wants to discuss the subjects, there will be “round tables” on distribution of gas tax, need for revenue department, possible revision of the Intangibles tax and other subjects. Meetings will be held at the State Chamber's offices in the Board of Trade building. A luncheon will be. held at the Indianapolis Athletic Club.

DAILY PRICE INDEX

NEW. YORK, Nov. 7 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32) average equals 100): Yesterday .... Week Ago Month Ago Year Ago 1940 High (Jan. 2) 123.34. 1940 Low (Aug. 19) 11242.

120.74 cesesssnrnssecssss 12043 sessesseenesanas 110.20

Srescascsven

CONTRACT FOR § CHARLESTOWN PLANT POSTED

Builder Prepares Plans and Furnishes All Labor And Materials.

Times Special WASHINGTON, Nov. 7.—Details of the contract between the Federal Government and E. I. du Pont de Nemours & Co. for construction and operation of the new powder plant at Charlestown, Ind, was made public today in the Federal Register. This contract is dated July 17,

1940, and covers the first $25,000,000

allotment. Since that time another $26,000,000 has been added to double the size of the operation. Excerpts from the published cone tract are as follows: “The contractor shall proceed to exercise options which it now possesses for the acquisition of approximately 4500 acres of land at or rear Charlestown, Ind.; shall design and prepare all plans, drawings and specifications; and under the general supervision of the Comtracting Officer, the contractor shall procure the necessary labor and materials, and shall construct on said site a plant for the manufacture of nitrocellulose smokeless powder. “It 1s estimated that the total cost of the construction work aforesaid will be ‘approximately twenty= four million six hundred thousand dollars ($24,600,000) not including the cost of acquiring the land and the contractor's compensation), and that the plant will be ready for commencing the manufacture of power within ten (10). months from the date of this agreement, , . “As compensation for designing and constructing said plant, the contractor shall receive a fee.of five hundred thousand dollars ($500,000).

CAN YOU IMAGINE! JOE SAYS OLD SYCAMORE 1S ONLY 41.15 A PINT!

ves AND MERCHANTS DELUNE IS NOW 4 YEARS OLD.. AND ONLY 1152 A PINTS

peti

MERCHANTS DISTILLING CORPORATION Terre Havre, Indiana

Glad to know you, Buck. So your home is in Indianapolis! Isn't that the city where the South Side Furn. Co. is located?

Buck is right—our 3-room outfit for $159.95 splendid buy. :

* - 932 S. MERIDIAN ST. “A MILE FROM HIGHER PRICES"

Yes, John t h e NY “South Side” Furn. t Co. is in Indian. apolis. It’s a fine place to trade. Their 3-room outfit at $159.95 is really tops for a good gE value—

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2. Saves shirts from odor, stains and rot caused by perspiration, 8. Takes but halfa minute to use, 4. A pure, white, greaseless . stainless cream which vanishes instantly. 8. Arrid has been awarded the Approval Seal of the Amer. ican Institute of Laundering for being harmless to fabric. 25 MILLION jars of Arrid have been sold. Try ajartoday!

FRACTURE BEDS Can Be Rented at the New HAAG'S ALL-NIGHT

DRUG STORE 22nd and Meridian

r You Suits-Topcoats-0'Coats Choose from over 700. patterns As Long As 32 Weeks to Pay

Suite Tailored Just

Colonial Thrifty Savings At counts are Insured by Government Agency up to $5,000. ° ‘ Savings & Loan Colonia Association Member Federal Savings & Loan

insurance Corporation 28 South Illineis Bt.

OUTFITTERS TO i MEN, WOMEN and CHILDREN

TAILORING CO.

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_ THE MODERN CREDIT rom

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