Indianapolis Times, Indianapolis, Marion County, 20 November 1940 — Page 11

SEVEN THOUSANI AL leaders are being enli Association as nam

ry the wi i wealthy New Yorker. || work of arbitration tribt

controveries are settled put . The chief function these Hn 3 wil be asked to do for the Assi will be to urge businessme the arbitration method in cally important localities. All Army contracts of $15,000 or less contain provisions calling for three-man arbitration boards to decide all questions of fact whenever a dis- . agreement arises between a business firm and military purchasing officials, according to Mr. Whitney. The British Purchasing Board, which 78 million for nn in the U. S. during the fir months of this year, uses |a clause in its contracts with ican firms, Mr. Whitney “Such forethought on the both government and priyat ness is indicative of a determi to avoid many of the situta the World War when millions

4 44 % C. V. Wh

ing, the proceedings of hich we started in 1918.” 2 ¥ 7 | THE MERCHANTS |ASSOCIATION of New York objects ti dent Roosevelt's proposal for a S.- Canadian Government|- owned power project on the St. wrerce

River. Reasons: | The project would be vulnerab

to bombers operating from bases off | Goo

the Atlantic Coast; Congress “definitely rejected” the proposal some six years ago; electricity |prody tion could not be started before 19 whereas modern steam plants could be built much more quickly a operated more cheaply, od utility industry can product cent , more electricity now | fe is needéd. & win

LATEST ON THE MARKET:

brown enough, keeps it warm until wanted and then pops it out ( aid of lever.) Foodstuffs can be fumigated ih a

windows are equipped witk system using polarizing fil

oriented vertically, so tenants| on each side can see out, and light is

across the way. ” = »

ODDS AND ENDS: A superning agency is being discusse ‘Washington deferfse circles to avoid priority tangles’ and keep orders moving smoothly through | lindustry.

and has a smaller proporti repaired freight cars tha time in the past 31 years, Daniel Willard told stockhd A mild sensation was creaf big fur auction at Oslo, | Norway, yesterday by a new “gold platinum” fox pelt, product of cross-breeding between platinum and red foxes. .. . Almost five million Christmas [trees were cut and sold in U. S. last| year for about $575,000, Canadas Department of Mines and Resqurce reports, adding that this year’s [sales of the Yule decoration |will | help Canada buy war Suplids.

RAILROADS TO BU

NEARLY 5000 C RS,

NEW YORK, Nov, 20 |(U. Signs of increasing activity i om railroad equipment field were seen here today in reports that four carriers are ordering or seeking bids on almost 5000 freight and passenger cars. Louisville & Nashville R airond was reported inquiring for Ra cars, including 3800 hopper cars, 100 automobiie cars and 50 gondolas, while the Bessemer & Lake Erie was understood to be planning to purchase 1800 freight cars. . Atchison, Topeka & Santa Te also was reported to have placed an order with Budd Manufacturing Co. for 20 lightweight passenger cars, and the New York Central was said to be asking for bids on 25 passenger coaches.

DAILY PRICE INDEX

NEW YORK, Nov. 20 (U. P.). — Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):

Iyesterday .ceesesncvssnadgens Week Ago Month ABO secevcrcsneinne, Year Ago . 1940 High (Jan. 2)......4 1940 Low (Aug. 19)......

123.22 122.47 121.47 118.18 123.34 112.42

“sss esecssssscnne

sssssrrsennensoee

“oe

' a,

| 16 oe

. Medium—

Urged to Prevent Business ike Those During World War

PRICES ON HOGS "FALL 10 GENTS

Top Paid Here Is $6.15 for ~ 220-t0-230-Pounders; Vealers Steady.

A 10-cent reduction was made in all classes and weights of hogs at Indianapolis stockyards today, the Agricultural Marketing Service reported. The top fell to "6.15 for choice 220 to 230-pound weights. Vealers were unchanged with the top at $11.50.

The Marketing Service reported 712 salable cattle were received here today, 515 calves, 11,700 hogs and 650 sheep.

Top .$ 6.15 6.25 6.15

Sow 5. 80 3 90 5.75- 5.85 5.70- 5.80

5.65- 5.75 5.60- 5.70 5.50- 5.65

| "250- 500. 4.75- 5.65 Slaughter Pigs 0- 120.

Repts.|Nov.

11,250(18 ... 12,252(19 .... 3600{20 ....

Packin

Repts. 16,000 12,500 11,500

Nov. Top 14 ...$ 6.00 15 6.00 6.15

Barrow and Gilts | 120- 140 $ 4.80140- 160. 5.30180. 200. 220. 240. 270.

4.40- 4.90

160- 200 Saugnte: Cattle Choi Bulls 730~ 00 $13 00-13. 50 (Yearlings exbioded) 2.50-14.00 Good ..§ 6.75- . 13: 50-14. 28 Sotsace. 12.50-14.25. Mediu ICutter and 750~ 7900 Jo. 25-12.00, common 900-1100 10.25-12.50! Veale a = 25-12. 20! Good and . 10.25-12. > Common an 10.00-11.50 ommon 7.15-10.251 medium. 7.00-10.00 7.75-10. 30 Cull 5.50- 7.0 Feeder, Stocker Steers ho} 4 (Beeeipis, 515) 300-7 750 11.25-12.50 00-500. 9.50-10.25 500- 750 10. 00- 11.25! S29.1050. , 9.50-10.25 Heifer 0- 800. . Choice—

500 - 1800-1050. . 359 950 11.00-12.00! Medium.

& Veuttrs (Receipts, 712)

6.50- 75% 5.50- 6.59

5.00- 5.50 rs

1300-1500.

dedi) i Wo 1100- 1300 6.50- 1. 7s) Heifers

8.50- 9.50 8.50- 9.50 720 "900 10.00-11.00 500-1000.. 7.50- 8.50 ou fom 9 s00- 3 hs 7.50-10.00! a ves steers oe |Good and choice— 5.00 1. 50 AY down 9.25-11.00 ow Medium— G MPR 6.50- 7.50 500- 900.. 8.00- 9.25 Medium.. 5.75- 6.50 500 down 8.25-10.00 Cutter and common 4.75Canner 3.75-

Calves (heifers) 5.75/Good— 4. 51 500 down 7.00- 8.25 Medi

ium— 500 down 17.50- 8.75 SHEEP AND LAMBS (Receipts, 650) Good and choice Medium and goed Common Yearling Wethers Good and choice Ewes (wooled)

Good and choice ..........» oe Common and medium

6.75- 7.50

6.50- 8.25 3.00- 4.00

CHICAGO LIVESTOCK

Hogs—Receipts, 15,000; i active; steady to 5 cents lower; $6.25; d and choice 210-230- in. SR ohiey .25; 180- 2 ib generally $5.90@ 6.1 good 300-4 packing sows generally Be. 65@5. 30; %400- J00- 1b. kinds, $5, 50

Cattle—Receipts, 8500. Calves, 800: fed steers and yearlings, steady to strong: kinds grading strictly good and better showing strength on shipper and order buyer Mb medium grades scarce: early top, $14.50; numerous loads, $12.50@ 14; mediumweight steers and prime 1051lb. yearlings bringing $14.50: some held higher; stocker full steady; strict] choice heifers, steady; all others Jory du at recent 25 5-cent decline; beef cows weak at [email protected]: mostly; canners and .cutters, firm at $5. down: bulls, strong to 10 cents hi her; weighty sau$7.40; vealers, LA

S.,

3000; late Tuesday fat lambs, fully steady; spots 10 cents higher; top $9.35: bull good to choice natives, $9.95: load 112-1b. Colorados, $9.10: throwout natives down to $6; good to choice 92lb. shorn, $8.40: today's trade active; tat lambs mostly steady; other classes firm; early bulk good to choice pative and fed Western lambs, 98 lbs. down, $9.25; small lot handyweight natives, $9.35: medium to good lots, $8.75@9: common, $7.75 down; package 112-lb. fed lambs, $8.90; load good to choice fed yearlings, $8.25; 2-year-old wethers out at $1 less; scattered lots native lve ewes, [email protected].

OTHER LIVESTOCK

CINCINNATI, Nov. 20 (U. P.).—Hogs— Salable, 3800; total, 3925; holdovers, 180; cents lower; packing SOWS, steady’ top. 36! 20; 160- 180 '1bs., $6: 100-140 1bs., $4.50 5.25; most good packing sows, [email protected]. Cattle—Salable, 500; total, 600. Cpe: —300. Pre-holiday receipts. small: strictly clean up market: bulk steer and heifer sales around [email protected]; sausage bulls. [email protected]: few head and choice calves, woul to lower at $1l@1il Shaep-fialable, 400. Receipts 2iight but demand indifferent. Good to choice trucked-in ae [email protected].

FT. WAYNE, os 20 (U. P.).—Hogs cents lowers 20-240 lbs... $6.05; 200-220 1bs., $5.9 ¥86-300 1 1bs.. $5.90: 160-180 Ibs. $5.80: 340. ‘260 1bs.. $5. 95: 260- 380 1bs., 3» 85: == | 280-300 lbs.. $F 350 1bs., $5.70: “350 lbs., $5.55; 14 1bs.. $5.05: S. $4. 80: 100-120 1bs.. $4.55: Roughs, $5.25; stags, $4; calves, $11. 50; lambs, $9.

' LAFAYETTE, Lg No3. 20 ( Hogs—Market 10 lower: lbs., $5.50%5.70; 200- 250 1bs., 250-325 1bs., § igs, Touahs, $5.50. "$10 0@11; @9.

Sheep—Receipts,

few

U. P).— 160-200 35, 8066.05: $5.25 down:

Calves, lambs, $8

U. S. STATEMENT

WASHINGTON, Nov. 20 (U. P.).—Gov ernment expenses and receipts for the current fiscal year through Nov. 18, compared with 2 Mag 3got

Yea Last 43, on. 051.903 03. 38 3 gis. 0s 033, 62

Expenses . . 2,058.64 ,920.97

Receipts . Gross Def.

1,193.671,114.00 0,478,272. Pub. ‘Debt. 144.228658,251.32 41.252,748.130. 5 Gold Res. ..21,685.401,429.30 17,241.,225,748.33 Customs . 118,070,748.33 137,652,627.23

INDIANAPOLIS CLEARING HOUSE Clearings ...... Wesaensvraesnrhns $3,246,000 Debits oovroeivvivenens Sanne es ivinn 9,564,000

FOREIGN EXCHANGE

NEW YORK, Nov. 20 (U. P.).—Following are noon cable rates on major currencies:

England Canada Italy fire Finland oh sie Switzerland (franc) «.. Sweden fkrona) Japan (yen

! ound)

Mexico ye

ROACHES

Use SHUR DETH

| and

Get Rid of Them

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

FREE DELIVERY

ARNOTT XTERMINATING CO.

247 MASS, A

PHONE L1-7459

25| company gradually expanded

THE INDIANAPOLIS TIMES

PAGE 11 |

Cotton Supply Near 50 Million Bales

RUNNING BALES! ¢ C MILLIONS )

50 — Supply

Carry-over {Other U. S! stocks

U. S. loan stocks

Foreign countries

World production =====c=e»

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1938

1936 1940

The 1940-41 season is the fourth consecutive year that the total world supply of cotton has been close fo

50 million bales, according to the Agriculture Department. World production also hase been unusually high in recent years.

million bales.

Prior to these years it had never reached 45

Nevertheless, the carry-

over has become much larger relative to production and in the last three years constituted 41 to 45 per cent

of the total supply.

A&P OBSERVES 81ST BIRTHDAY

Lindgren Tells of Company’s Mass Merchandising Benefits.

In 1859, when George Huntington |}

Hartford founded The Great Atlantic & Pacific Tea Co. tea was selling for $1 a pound. buying tea directly from China and eliminating in-between costs, Mr. Hartford cut the retail price to 30 cents a pound. . That was the first of many in-

stances in which mass merchandis-|Best & Co

ing methods of A&P, which celebrating its 81st anniversary this month, have transformed luxury

foods into inexpensive staples, ac- gi

cording to J. A. Lindgren Jr. the

firm's Indianapolis branch man- |g

ager. “In the next three decades our |

line from coffee, tea and spices to include other groceries, always with a view to bringing more foods to more customers,” Mr. Lindgren said. “By 1884 we were distributing sugar. By 1890 baking powder, butter and extracts added.”

Strawberries in January

The A&P, in many instances, was the first to bring produce from the Southern states to northern markets in carlots during winter months, Mr. Lindgren said. “Strawberries in January is a particularly dramatic example of this development and one for which we feel we are largely responsible.”

“About 10 years ago turkeys sold |g

only at Thanksgiving and Christmas holidays and butchers had to charge enormous prices. We began to feature turkeys all the year round at prices in line with other fowl! and as a result more and more families are eating turkeys and the producers have benefited greatly.”

Introduce ‘Economy Store’

In citing A&P distribution of sea food to.inland consumers, Mr. Lindgren pointe dout that “before we promoted the sale of swordfish it was practically unknown in many sections because its high prices

placed it definitely in the luxury geq

class.” A major factor in the elimination of in-between costs was A & P’s introduction in 1912 of the “economy store,” which dispensed with delivery, premiums, telephone orders

and other expense-producing items

which raised costs to consumers, Mr. Lindgren sald. More recently the food chain has been a leader in the development of the modern “super-market” -which features selfservice.

61-GENT CORN LOAN RATE ESTABLISHED

WASHINGTON, Nov. 20 (U. P.)— The Agriculture Department today fixed 1940 corn loans to farmers at 61 cents a bushel—four cents per bushel more than last year’s loan rate. The 1940 program also was changed to extend the period during which the loans will be available

__|from four to 10 months and to in-

crease the term of the loan from one

:|to three years.

The loan announced is mandatory under the Agricultural Adjustment Act of 1938 which provides that a loan shall be made at 75 per cent of parity in a year when the crop is less than a normal year's domestic consumption plus exports and the price on Nov. 15 or thereafter is less than 75 per cent of parity. The 1940 crop on Nov. 1 was estimated at 2,434,000,000 bushels against the domestic consumption plus export figure of 2,490,000,000 bushels. The price on Nov. 15 was estimated at 56.9 cents, or approxi-

mately 70 per cent of the parity N Cc

price of 81.5 cents.

By |?

isp

had been |&

the Con

| Byer

its |

N. Y. STOCKS

Net High Low Last Change —— Adams Exp . 6% Alaska Juneau. 8p Alleg Cpf$30ww 113 AlloEn Lud Stl 4 Als Chal ......3

4 Ya

tll

LLL 141

ad NOIR Sd i WNW

pd CORDA Jk iB CORILININ Seal 3 No rd

t Aviation orp” .

Bald Loco ct... 17 Barnsdall Beld Hem ..... Bendix Avn ...

Beth Steel

SILEEL +L

Tht GIT pd ed DI BD DOCS bbb J OF Gp gr 0 G8

B Burlington M.. rs pf

Calumet & H.... Can Pacific ... Case J 1 Canada Dry . 3 Caterpillar T.. 48 ; Celanese 281% Cerro de Pasco 33%

—- a oR of” at NEES RN

» BN NU WW NWI AOWNN ND st

- » NA WW NOI aDWN Bd —~D

9 31% 22% 5Ya

ler Cliax Moly Co. Col Broadcast.. Colum Com Inv Tr

a Nea

B A® Ee NEN SN

y In -16 Crane Die Ev ‘of . 1043

Crown Zeller . 16% Crown Zoller a 2032 Crucible Crucible Bt in 3% Cub-Am ug +H Curtis Pub. ~.... 3 Curtiss-Wr _ Ya Curt Pub B ‘pf. 3414 Dist Seag Dou 135 Aire ..

Dun Du Pont

Elec Pwr & Lt. 43; El P& L $6 pf 28 El P & L $7 pf 33 El Paso Nat Gas 317% Eng Pub S 7

Fallhanks . 1 . 19}

Freept- -Sulphur 3652

Gen Baking ... Gen . Gen Gen PF

Ts 1

Gen s Goodrich pf ... Goodyear . .... 134 Soodvesr of .e Grant W ven Gt West Sr als Greyhound Cp.. 11 Gu M&Oh bpf.. 1317 Hanna 5 hi .105 Hath. Whe .. 25% Her 7 Bena ‘Purn .e 31% a Inspiratn Cop . 13% Int Business M.161 fn

105

73 31%

Johns-Man 645 ones & Lg 7 pf.103

Kennecott

Lehm 2 L-O- F Glass You Va Ligg. & My B... 96% Loc heed Airc. - 30%

Lorillard

Market St Ry pr 103; Martin (Glenn). 33% Martin Parry... McCrory nf ... McGraw El .... 253

10%

: +:

[+1+1 ++]

Nash Kelv Nat Bisons RS | Nat Dair 13% Nat sup Vsva pf 44% Natom 9 Novmit Mining 25%

5Vs 514 8 1 13%

92 28% 23%

143%,

el te :

30 3 2 22% ee. Norf & w vf...11n 111 111 sees

Commission of Erparts Urged To Co-Ordinate Defense Work

CHICAGO, Nov. 20 (U.P) —Establichment by Congress of a “nonpartisan commission of experts” to co-ordinate the defense actvities of industry and finance has been urged by Emmett F. Connely, president of the Investment Bankers’ Association of America. Mr. Connely told members of the Illinois Manufacturers’ Cost Association here last night that such a commission should be charged with

.| two specific duties. They should, he -| said, determine:

1. The best method of promoting and financing national defense

.|while putting minimum strain on

our national financial resources and giving maximum protection to our free enterprise system. 2. The best means whereby our economy can be readjusted to a peace-time basis “when the emergency is over.” The banker asserted that while industry “is in the Army now,” finance is not, and declared that the present system of regulating investment banking “does not fit the nation’s requirements.” Industrialists, he said, now are faced with a choice between Governmental or

private assistance in financing their activity.

The question, he said, seems to be “shall we let the investment market provide the financial sinews for

this defense program, as it has done in all past emergencies, or shall we turn the job over to the Government?” ‘Mr. Connely emphasized that the system of financing in the public market “is the one which will have to be followed if the business man wants to remain master in his own house.” “In a word,” he concluded, “we have reached a point where it is up to the industrialist to say what he thinks about finance and to state what kind of investment banking

system he wants to do sbusiness with,” nt

a | Pitts Forgings. . :

Day 2

2 Twin Coach. .

By UNITED PRES®

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS | =0.26 —40.80 +0.42 —0.64

Yesterday Week Ago sevtessene Month Ago ....... tesaserrns Year Ago High (1940), 152.80; Low, 111.84. High (1939), 155.92; Low, 121.44, 20 RAILROADS

cavee sean

? | Yesterday

Week Ago . Month Ago ... 28.92 Year Ago 33.55 High (1940), 32.67; Low, 22.14. High ¢1939), 35.90; Low. 24.14. 15 UTILITIES Yesterday resnesries Week AO ...coevvsesnnssnnes Month Ago Year Ago High (1940), High (1939),

30.12

20.89 21.66 22.29 25.58 26.45; Low, 18.03. 27.10; Low, 20.71.

Net High Low Last Change 3% 17% 173% + % 17% 173% 17% wn 7% 18%2 0% 16% 10%; 49 sin Pui 9Ys 82

No Amer No Am Avn ...

-_—

Ohio

Oil 5s Quivel Farm Eq

1812

7% Ya Ya Ys 3a Otis Steel .. . 1g Owens Ii Glass 4

c¢ Am Fish 9Ys 813

37 9 95, 4 232 Phelps Dodge... 36Y2 Phillips Pot 39 39

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esses

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Tenn coy sens Texas Cor 3 Tex Gulf Prod 3

Transamerica - i-Cont

Union Carb ....

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ee es Un Stores A.. Virginian Rv ..

Walker im Wi h

FLEE:

Woolworth ....

Jol Yours Sheet .

RES

8 41% —

Zenith Rad .... 16%

ELEGTRIGITY OUTPUT DOWN MODERATELY

NEW YORK, Nov. 20 (U, P.).— Electricity production in the holiday

* |week ended Nov. 9 declined moder-

ately from the record high level of

‘1, [the preceding week but registered

the widest year-to-year gain since

*|Aug. 31, the Edison Electric Insti-

tute reported today. Output for the latest week, which

included the Election Day holiday, totaled 2,719,501,000 kilowatt hours,

an increase of 8.2 per cent over the >$2,513,688,000 k. w.

h. produced in the corresponding 1939 week. In the preceding week production amounted to 2,734,402,000 k. w. h,, an all-time high and 7.8 per cent above a year ago. The central industrial region showed the great year-to-year improvement with a rise of 10.6 per cent. The Rocky Mountain area had the smallest advance, 2.2 per. cent.

13%. I «| Business news continued favorn able.

3; {manufacture and Sy soft drinks,

STATE TOBAGGO GROWERS VOTE ON NEW QUOTAS

Referendum Will Be Held Saturday on Three Questions.

Burley tobacco growers in Indiana will vote Saturday whether they want quotas set for a one-year period or a three-year period. L. M. Vogler, Indiana Agricultural Conservation Committee chairman, said the three questions on the referendum will be: “l. Are you in favor of quotas for a three-year period? “2. Are you opposed to quotas for three years but in favor of quotas for one year? “3. Are you opposed to quotas?” Mr. Vogler said the three-year quota plan has advantages over the one-year plan. “If growers approve quotas for three years, no farm allotment of one acre of less will be reduced below the 1940 allotment during the 1941-44 growing season. No farm allotment in excess of one acre may be reduced by more than 10 per cent below the 1940 allotment. Allotments of less than onehalf acre will be maintained at the 9c or 1940 allotment, whichever is a . Vogler said that 1941 allotments would require downward adjustments from the 1940 allotments if marketing quotas are approved for one year only, because of increased supplies of burley tobacco resulting from recent large crops. On Oct. 1 this year there were 750 million pounds of burley tobacco on hand and the 1940 crop has been estimated at 313 millon pounds, he said. “This is the fourth successive year in which the burley crop has exceeded the consumption and export needs. Without marketing regu-

» lation in 1941 burley growers can expect the low prices always caused

by a large crop. Quotas can be used to prevent further increase of supplies and thus protect growers’ income. One year without quotas might result in a situation which

i; {would take several years to correct.”

STOCKS BREAK; TRADING HEAVY

:|Losses Range to $4 Among

Higher-Grade Issues at New York.

NEW YORK, Nov. 20 (U. P).— The stock market today had its

worst break since Oct. 8 except for the session immediately following election day. Trading was moderately active. Losses ranging to 4 points were registered in high-grade issues. The setback was general with the leading groups suffering the worst. Steels and motors were particularly weak and many of the recently strong preferred stecks succumbed to profittaking. Losses in the railroad and industrial division were smaller than elsewhere, but on a percentage basis the utility group was the hardest hit. The utility average lost nearly 2 per cent as compared with yesterday while the rail average was down a little more than 1 per cent and the industrial average about 12 per cent. Bethlehem Steel sold at 853 off 2; U. S. Steel, 68% off 17; Chrysler, 53 off 2; Douglas Aircraft, 80% off ; du "Pont, 160 off 3%; Interna2 Business Machines, 159%; off 41, and Eastern Airlines, 26% off

Electricity production set a new record high for last week. F. W. Dodge Corp. estimated 1941 building will total $4,400,000,000, a new high since 1930.

Incorporations

Illinois jana to fruit

Mission Orange Roping Co., corporation; to Indi

juices, mineral waters, etc.

Chester Liquors, Inc., 3913 E. 10th St., Indiananolis; ghsent, Joseph hine Roberts, ne E 35t Indianapolis; 100 shares value: Be operate liquor stores in rar, County, Ind.; Josephine - erts, Mildred Thomas, Myles . Leane. Iwan Brothers, Inc., 1503 Prairie Ave., South Bend; agent. Adolf L. address; 540 shares of $160 par value; manufacturing business: L. Iwan, Charles PF. Timer, Charles F. Zilmer, Charles F. Iwan

Gerber-Welsh Realty Co., Inc., 340 Park Ave. Kokomo: agent, C. o Williams, 621 N. Webster St., Kokomo; ®200 shares of $100 par value; to deal in real estate; Loftie Gerber, Harriet Gerber Lewis, Marjerile Weish, C. Leo Williams, E. A. LOTS

Indiana Tent and Awnin 2203 E. Michigan St.. Indianapolis; K, ent, Arthur Hall, 1104 Woodlawn Av ve., apolis; 100 rs no par value; facture, erect, repair, etc.. awnings, tents and canvas specialties; Arthur Hall, Alva Petti, Helen May Hall.

North Manchester Merchants Associa tion, Inec., 206 Walnut St., rth Manchester: no capita 1 oh ig civic 2nd business men’s Interests, LL Harting, B. Kramer, Rola

Co., Inc.

Tonos

Scnmedel

Sales Promotion Co., Ine, Hammond; aendment changing name to Home Utiliies Co., Inc.

American Advertising & Research Corp., Nlinois corporation: admitted to Indiana to ceal in advertising novelties, books, devices, ete, ‘

Turkey

Major financial and commodity markets in the United States, including the Indianapolis stockyards, will be closed for Thanksgiving Day tomorTOW.

COMMERCIAL LOANS In Co-operation With THE DEFENSE PROGRAM

IRR AN

HOY AL BK

at hdianapolis

Peaneylvania and Market Strecte :

NENBER FEDERAL DFPOSTT “TNE URANCE CORPORATIONS

ian- |B

promote |.

Speaks Here

Dr. Theodore N. Beckman, Ohio State University professor of business organization, will be one of the speakers at the 25th annual convention of the Indiana Association of [Personal Finance Companies at the Claypool Hotel, Nov. 27-28.

UTILITY ADOPTS

In Public Service Co. Join Plan.

The Public Service Co. of Indiana today announced it has installed a new group life insurance plan for its employees, 90 per cent of whom have applied for coverage. R. A. Gallagher, company president, said the plan is “one of the most liberal of its kind ever offered by an American industry.” @ The company assumes approximately half of the cost, practically double

the amount it has contributed in the past, he said. The John Hancock Mutual Life Insurance Co. of Boston is underwriter. Under the new plan all eligible employees will receive a combination of low-cost term insurance and individual life insurance, the amount and cost depending upon monthly earnings of employees. Permanent, full-time workers will receive term insurance ranging from a $1250 minimum to a $10,000 maximum. After three years of continuous service the employee’s group insurance will be reduced and he will be given a permanent form of insurance which becomes paid up at the age of 65, Mr. Gallagher said. Unlike the form of insurance now superseded, the new combination plan enables employees who leave the company or retire from service to retain the full amount of individual insurance by payment of the entire premium directly to the insurance company. In addition to death benefits, the new policies provide substantial cash value any time after the second year. Since the plan became effective Oct. 1, employees have subscribed for nearly $4,000,000 of coverage, a substantial portion of which is in regular individual life insurance, Mr. Gallagher said,

LOCAL ISSUES

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

A Finshee Corp com Belt & Stk Yds com Belt i & Sty yds pid, Bs. . Central Ind Pow 1 % Hook Drug Inc Home T&T Ft Wayne 1% pid. . Ind Asso Tel Co $6 pfd d&M leg No % Potd

pfd Indpis Gas com Ind Hydro id 6% vpfd. Indpls P&L c¢ Indpls P&L a pfd Indpls P&L 6%2% Indpls Water 5% Linton Nat Life

but merely

Progress Laundry Pub Serv Co of Lg yo Pub Serv Co of and 7% So Ind G&E 4.8 vis

Van Camp Milk pid Van Camp Milk com ...ceoee,

Bonds

American Loan 5s 51 ... American Loan 5s 46 venues Citizens Ind Tel 4Vs 61] 1 Crabbs-Reynolds-Taylor 5s 42. e T&T Ft W Ys .

ndpls P&L 3%s 70 ndpls Railway Tne 5s 67 ndpls Water £3 nod 66 nterstate T&T 5 53 Kokomo Water Werks 5s 58.. Kuhner Packing Co 4's 59.. Morris 5&10 Stores 5s 50 ....100 Muncie Water Works 5s 65 Na! Silk Hosiery 5s 4 N Ind Pub Serv 3%s 69

NEW INSURANCE

90 Per Cent of Employees

RETAIL TRADE GAINS DESPITE POOR WEATHER

South and Midwest Stores Show Best Increase Over 1939.

NEW YORK, Nov. 20 (U. P.).— Retail trade scored a moderate sea= sonal expansion last week despite unfavorable shopping conditions in most sections of the. country, Dun & Bradstreet, Inc., reported today. With steady rains in some areas and blizzards and sub-freezing temperatures in others, merchants gen=erally reported diminished store attendance, but sales volume showed a “perceptible uptrend.” Retail volume for the country as a whole showed a gain of 5 to 9 per cent over the corresponding 1939 period, compared with a year-to-year advance of 6 to 9 per cent in the previous week. The drop in temperatures highlighted seasonal clothing lines and early gift buying made its appearance at accessory counters, with handbags and jewelry in best de=mand, Dun & Bradstreet said. ‘Cruise wear and ski shops were off to a good start, with retailers prepared for record sales in these lines.” On a regional basis, cities in the South generally had the largest gains over a year ago, with average for the region up from 9 to 14 per cent. The Middle West, affected somewhat by recent heavy storms, maintained a year-to-year gain of 3 to 12 per cent. . Gains for other regions: New England, 2 to 6 per cent; East, 7 to 9; Southwest and Northwest, 1 to 5, and Pacific, 6 to 7. Ordering activity in the wholesale division of trade continued “heavy,” Dun & Bradstreet stated. “Where a slower rate of purchasing was reported, the let-down was usually associated with seasonal factors or with the difficulty of arranging delivery. Wholesale prices continued steadily higher.”

CORN, WHEAT SELL LOWER AT CHICAGO

CHICAGO, Nov. 20 (U. P.).— Grain futures rallied moderately on the Board of Trade today after sharp early setbacks. Short-cover-ing was a bolstering influence in wheat. At the end of the first hour, wheat was off % to 1 cenf, Dec.

881 c. Corn was % to % cent lower. Oats unchanged to off i and rye down % to 3% cent. Soy ' beans

4% showed losses of 1% to 2 cents a bushel. The early decline in wheat was largely a reaction to weakness in stocks, and independent drops in corn and soy beans. Stop-loss orders were uncovered on the dip as was also the case in other grains.

WAGON WHEAT

Indianapolis Rfam Slevalogs are paying for whea ubject to market

4 white shelled corn, 60c;

No. 2 white oats, 33c.

LOCAL PRODUCE

Heavy breed hens, 12c; bareback hens, 11c; Leghorn hens. ‘8c; bareback Leghorn hens, ; Barred and White Rock springers, 13c; other colored heaVy breed spring- ; Leghorn springers, 1lc; bare=-

diana Grade A medium eggs, 23c; A and No. 2 eggs, 15¢: no grade,

19c¢. Butter—No. 1, 34@34'5c; No. 2, J1@82%c. Butterfat-—No. 30c; No. (Countrv pickup prices quoted by the Wadley Co.)

FOOD PRICES

CHICAGO, Nov. 20 (U. P.).—A [EATS Wisconsin Mackintosh, | bu., [email protected] Celery—Michigan squares, 50c@$1.10 matoes—California a3 gs. [email protected]. —Illinois, bu., 1.50. New York crates, 4 ain. 3. California crates, [email protected] California crates, $2. 50 . 0 tatoes—Tennessze, pu, (50-1b, _sacks)—Minnesota ell 72%c; Idaho Sweet Spanish, eri

f———————] TOPS FOR SPEED!

Here's top-speed shipping for parcels, gifts, heavy crates . . . anything, Re Just phone. We call and deliver at no additional charge in cities and principal towns. Use Air Express for super-swift service. Sp¥cial pick-up, special delivery.

RAILWAYE)EXPRESS

NATION-WIDE RAIL-AIR SERVICE

—

WASTE PAPER

AMERICAN PAPER

STOCK COMPANY 320 W. Mich.

RI-6341 . FUR COATS Largest Selection in the State

INDIANA FUR GO.

29-31 East OHIO St.

em——— Tailored Just For You Suits-Topcoats-0’Coats Choose from over 700 patterns As Long As 32 Weeks to Pay

LEON iiss ave

LOANS

The CHICAG

Oldest Leap Brokers in the State

146 E. WASHINGTON ST.

on on Everything! ]

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

CO, Inc. *

SHERWIN WILLIAMS

Has a Paint for "Every Purpose. COSTS LESS Because it Lasts Longer.

VONNEGUT'’S

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

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

DRUG STORE 22nd and Meridian

OUTFITTERS TO MEN, WOMEN and CHILDREN

MODERN CREDIT STORE

129 W. Wash, 500 Shetter

Is Opposite Us. Exacting . . . WATCH REPAIRING AT LOWEST PRICES

STANLEY JEWELRY CO.

113 W. Wash. Lincoln Hote) Bldg.

LEVINSON > a

‘Your Hatter

MARILYN FURS

A Better Fur Coat For Less Money!

2440 N. MeridiangSt.