Indianapolis Times, Indianapolis, Marion County, 17 December 1940 — Page 21

Average Indiana Bank Employee Earns a Year, FDIC Figures Show ee ———— ROGER BUDROW

WHETHER = BANK EMPLOYEES ARE PAID ' ENOUGH or not is a subject that inevitably comes up for

$1165.50

discussion every time a bank

To. find out just what the average Indiana bank worker earns a year, we asked the Federal Deposit Insurance Corp. "which has been collecting this kind of information. ‘This Federal agency (which insures bank deposits up to $5000) reported that the 473 insured commercial banks in Indiana last year paid their 3426 employees (not officers) a total of $3,998,000. This means the average earned about

$1165.50 that year. The average bank officer earned a little more than twice . that amount, the FDIC reported. Salary payment to 1591 bank officers

amounted’ to $3,847,000 or a little less than $2418 apiece. These banks paid $2,349,000 in dividends on their common stock last year or about $4966 by each bank and $468,000 in dividends on the preferred - stock and interest on g 2 capital notes and debentures. Thé& current issue of Hoosier Bankers prints a table, compiled from FDIC- statistics, revealing that Indiana banks made a profit of T4 cents for every $100 of deposits last year, before paying out any dividends. Banks in 37 states showed higher net profits. Indiana banks "had 67 cents profit for every $100 of deposits in 1938, 78 cents in 1637, $1.19 in A936 and 65 cents in 1935.

Roger Budrow

These figures are not given to Deo support either side of any argu- E

ment over bank wages but simply as a factual basis for those interested in the discussion. 8_- ‘a =n THE GERMAN ARMY of Occupation is costing France nine million dollars a day. Today Premier Marshal Henri Petain ratified an agreement with the Bank of France enabling the Government t0 borrow an additignoal 184 million" dollars to meet -the bill. Today’s was the third loan. The others were for $1 462,500,000 and $1,642, 500,000. # ® “® d

t Futurama—hit attraction at

ro New York World's Fair—will bé Mea

displayed at the New York Museum of Science and Industry.in January. | . . « B. FP. Goodrich Co. will make more than 200,000 special tires for

the Army’s new scout cars. . . . The |Go

Treasury and subsidiary agencies borrowed more than five times as

much as Investors put in new cor-|go

porate] stock and bond flotations in the past eight years, Merchants’ Association of N. Y. says . . . Twentyone new electric furnaces to make steel have been put in operation or will be by Jan. 1, American Iron & Steel Institute says. . . . International Telephone & Telegraph is negotiating for sale of its properties in Rumania and may sell out in Germany and German-occupied ter-|x ritory, Wall Street Journal reports. . . Northwestern University is setting up a laboratory to test metals, concrete, wood plastics and other building materials. , . . U. S. News says “rumors that added controls ' over foreign exchange are contemplated by the Administration are given more substance by the fact that Swiss funds appear to be en-

tering this country in increasing|13%;

amount. The suspicion is that somehow the German. Government is getting control of Swiss resources.”

Mediterranean Cargoes Insured

LONDON, Dec. 17 (U, P.)—Official war risk insurance rates on marine shipments passing through the Mediterranean were resumed here today for the first time since|; Italy's entry into the war. Reflecting the general confidence |# here that Britain's land, sea and air forces will be able to maintain and tighten their control of the Mediter=ranean, Lloyds Underwriters announced that both ‘Mediterranean and Near Eastern ports have now been added to the list of areas on which regular insurance schedules will be quoted. Heretofore these zones have been covered in war risk policies only on application and at extremely high premiums." (Somewhat similar action was an= nounced today in New York, where waderwriters posted drastic reductions. in war risk rates on Mediteryahean voyages and resumed opem-|} policy coverage against seizure by Italian or German warships. The U. S. policies, however, limited liability on captures .to $500,000 per vessel, and excluded ships passing | through Gibraltar.) . Lioyds’ new schedule listed a rate of 15 per cent of cargo value ‘on voyages to India or Turkey by. alirect sea route and 1715 ‘per cent for such voyages via Greece or Smyrna.

‘Gyrenin Dealers RITTTTHIA

FIRE—-CASUALTY AUTOMOBILE

1 )S. AND ENDS: General Mo- 32%

[n 3 ndpls Water 0 Wa

BRE

employee runs afoul the law.

PRICES ON HOGS FALL 10 GENTS

‘Top Paid: Here Is $6.45 for 220-t0-230-Pounders; Vealers Steady.

Hog prices lost 10 to 15 cents of yesterday’s 25-cent advance at the

Agricultural Marketing Service reported.

were 10 cents lower than yesterday while lighter weights were 15 cents lower. for good and choice 220 to 230pounders. Vealers were unchanged with a $12 top. © The Marketing Service reported 2089 salable cattle were received here today, 542 calves, 13,000

hogs and 2780 sheep. ‘Top Receipts +835

18 esssesensacesssece

Packing Sows to Choice— 5.75- : 85 5.70- 5.80 5.65- 5.75

5.60- 5.75 .+ 8.50- 5.65 .. 5.35- 5.60

0- 4.75- 5.60 Slaughter Pigs edium and Good-—— 90- 120.. 4.50- 5.15

Ba riws and Gilts |

Good to Choice— (Good 120- 140 § 5. g0- > 0 270- 300 § 40- 160. 5.4 00-330.

IM 5.75- 6.15]

Bulls ecm excluded) ..$ 6.78- 17.25

50- 7.25 8.30 6.50

4.76 5.50 ers

Cutter and 9 common. 5-13.0{ Good and iio a. 7.50-10.25| Common an 1160-1800. 7.75-10. 2% medium. “150-1200. 6.50- 7.50]

Steers, Heifers Choice— | 500~ 750- 11.25-12.75[Choic

od— 500- 750. 9.50-11.2§ 800-1050.

. Heifers | S00 800.. Choice— | 800-1050... 750- 900. 11.00-12. 251 Medium.

10.50-12.00

Son: 9.50 - 6.50

Stoc Ree Cattle (Receipts, 542)

25-10.00 93 10.00

8.25- 9.25 8.25- 9.25

7.25- 8.25

500 9.50-11.00/Common— : 0.. 6.00- 7.25 Calves " (steers)

7.50- 9.50] ood and choice~— 6.00- 7.50] 500 down. 9.00-11.00 Medium— Cow 500 down. 8.00- 3.00 pi 5. 00- 7.25! Calves Aholiersy., Medium .. 5.50= 5.00/ Good an Cutter 8. 95°10, 90.00

and I own common 4.65- 5.50| Med Canner... 3.75- 4.65] 500 nn 17.00- 8.25

SHEEP AND CATTLE (Receipts, 2780) Lambs

od— 750- 903. Medium— Ro 0 Com: 500- 900.

Good

Good and choice Medium and good Comninm

$ 9.25- 9.75 8.25- 9.00 : 7.00- 8.00 " Yearling Wethers Good Jad choice - 8.00 Mediu Ewes (wooled) Good and choice Common and medium

CHICAGO LIVESTOCK

27,000; fairl pative; Ii good

3.25- 4.00 2.50- 3.25

sows 425 lbs. enerally [email protected]; heavier kinds, Cattle—Receipts, 9500; steers and yearlings slow, lings comparatively scarce proved over: Monday; Sood dominating in crop; several rime offerings here, “a ively few common offerin $1 1s Gold I for strictly choice held higher; fost Lr Sales so. 5a 13.5 50; mode ate HE of value to sell at $13.75 upward; ckers and feeders scarce, steady; medium to good heifers dull and weak, nothing strictly choice; canner and cutter cows strong t

ng very. close to 73 down: ul cutters; latter bringing $5.7 own ulls active, weighty sausage kinds to $7.35; vealers also stronger at $9.50@10. 50. Sheep—Receipts, 4000; few early sales steady: load fed Texas ambs, $9: lightly sorted; good to choice oY James to $9.25 and slightly above; load bis to choice handyweight fed Texas as $8.25; slaughter ewes scarce; good to choice lightweights quoted to $4.50.

OTHER LIVESTOCK

NCINNATI, Dec. 17 (U. P.).—Cattle— Satable and total, 500; salves. 250: medium eifers around $6.5 50@75 $9.50; scattered dois medium steers, “fe - 7900 1b. weights, ith ue bi strong;

good and choice, Bd Ry 1200; (Releraly steady. 3 3 Sopoking or

Hog = alam, 500; to sows, steady: top, hoice, 180.950 11 B 8d 300- 350 1s $6. he 6.15; 140-160 30) [email protected]; 300- 140 lbs. $4. 60@5. 35; sows mostly $5@5.

Dec. 17 (U., P.).—Ho

vere A500; te ea - B ahty imrades preoads chaiee

openin slow;

130 lbs. 95; 1 $4.70. Roughs, $5.25; stags, $4; Calves, ($12; lambs, $9.25.

LOCAL ISSUES

The following 18 guoavions by the Indianjapolis Bond & Corp. do not represent actual price of offerings. but merely indicate the approximate - market level based on buying and selling quotations of recent transactions ASE s

A Fiance Sop com. Belt R. ‘Belt RR

- +e “ra BSEY. FERN.

frais DW pa DO DS

u { Ind Pub Serv rogress Laund Pub Serv Co of Vind arin” Pub Serv.

R= RW

co Van Camp Milk pf Van Camp Milk com Bonds American Loan 5s 51. American Loan 5s i Citizens "rng Tel 4% Cra 3bbs_Reyolds-Tav Home T Ft Wayn

indpis P&L 3% Gis Railway

Kokom ater ] 2 ahner sRoEine Ce Co 4 as 58 n

INLAND MARINE INSURANCE

Not Bhi pat 2

IHS

OF ter Works 5s 65... osiery 5s 43 d Pub J Sery, 3%s 69...

for Careful Property Owners

..104 Trac Term Coro 8s 57 73 76%

Indianapolis Stockyards today, the}

Hogs weighing 160 pounds or more |}

Slaughter Cattle & Vealers (Receipts, 2089) |

G75 1954C

“| Debits

The top fell to $6.45 |&

The world’s biggest Built by Firestone and

range of 7000 miles.

STOCKS FALTER AS RALLY FAILS

Situation in France Keeps ‘Traders From Buying; ~ Steels Ease. ;

NEW YORK, Dec. 17 (U. P.).— Stocks slipped irregularly lower to-

disclosed lack of follow-through demand. Trading was quiet. Bethlehem eased 42 point after recouping an earlier smaller loss, while U. S. Steel gave up a slight gain. Chrysler reacted below its previous close, but General Motors held unchanged. American Smelting led a softening in coppers with |A a 1% point decline. American Airlines dropped 112 points. Du Pont lost 13 to 168 but other chemicals .moved narrowly.

was down more than a point in an otherwise little changed rail sec-

| tion.

Traders were reported withholding commitments on renewed uneasiness over the situation in France. - Domestic business news continued favorable, with Christmas retail trade reportedly running at a record pace on a volume basis and new car sales for the first 10 days of this month showing as much as 20 per cent over a year ago.

#25 WHEAT LEADS RALLY

IN GRAIN MARKET

' CHICAGO, Dec.

after showing fractional losses at

tthe opening. Other grains worked

higher with the bread cereal. At the end of the first hour wheat was up 3% to 1% cent, December 88 cents. Corn was up % to 7% cents,

and soy beans up 1% to 2%.

WAGON WHEAT

Indianapolis STE elevators are paying for 1 t, 80c; subject to market a he tiny on their merits. Cash corn: New No. 4 new vellow shelled corn. Slc; nes No. 4 white shelled corn, No. 2 white oats. 32c.

U. S. STATEMENT

WASHINGTON, Dec. 17 (U. P.),.—Government expenses and receipts for the current fiscal year through Dec. 14, compared with a year o: Ths ast Year. $1 75700, g28. 16 $4, Ti 081,071.42 . ,862,301.54 2,422.9 4, sag

8,848.59 45.70 ,732.59 ,320.50 20

INDIANAPOLIS CLEARING HOUSE

Clearings $ 4,016,000 12,069,000

Wilfred E. Smithis the new co-

‘manager with James T, Hamill of

the Fenner & 'Beane brokerage

! office here, successor to Atkin,

Hamill & Gates. Mr. Smith, a native of Canton, O., graduated

day after an early rallying attempt 4

Loew’s ran up % to 34% in a firm] amusement; group. Union Pacific.

17 (U. Py—|C ‘(Wheat futures on ' the Board of |So ‘Trade developed a firm tone today

oats up % to 7%, rye off % to up %, Elec $i

54C; | Foste

4, 1285.83 | Her

Loew 3 Corillard

High Low

Air Redo 5 sores Allegh Ya Allied Sons ot 71% Am Car&F pf. fia m- Chai m Colortype H

Tobacco B. 69% Am Type F .... 5Y Am Water W.. 8% 26%

4%, Arinsteong Ck. . 29% Artloo As Dry. Gds 1 pf 3 Atchi

tehiso! Atl CL At At At Aviation

i 4 24, 7

17%

Sp :

3ald Loco st or

49 4%

ullard Hingston M.

S| Jurrou : 3% 5 3ush “ES pf ctf 47 3yers pf 80%s >

12% +119%

50 8's . 42 42Y,

Canada Dr e J I pi Caterpniar’ T TT...

Ches & onto oe Chi Pn Tool ... Climax Mo Co 1 & Sol 1 pf.

Comwlth Edison Cons Edison

Cub-Am Sug ue Curtis Pub

Davison Lohem . & R

Dev Diam T ‘Mot Dresier Mig . 1Du Pont

: ties 217, ..163% 1633 —— 351% 35% 8° 28 Co Eng B 80D Erie 3 pf 451; 1975 1814 37

45%

2 . 19% 18% 1

Fair Morse .... d Wat S A. Fed Dept St..

heel Freept- Sulphur, Gen Baking ... 7 Gen Cigar ge Electric .. 33 Gefl Refract... Gen T & R.... Gillette S R . Goodrich Gotham Hos genre: e. ia 1 Gu

t N ant Sug sess Hu

Han ma 5 pf . Haye

fg Hecker Prod. 4s —r

Inspirsin Cop . 12% Inter oo 24 Interlake ww.

Hudson Motor .

y C Am . I Silver ... T&T Ins T&T For Island Cr Coal. 20% Kayser Jul , 1) Kennecott . 35

Kroger G & B. 28% 28Y4

esees IBY: Lou & Nash ‘es ell

0 15:1

sy RY

arine Bo =X

] gel ident Pei’: Mission Corp: Mo Pac Mont Ward *

Nat Cash Reg.

i Ya . 81%

eh 8a ok 0 fet ek om DDL OD TW

Fat °

of 30 . A

No Amer ..

Shilo, ol ioe

B® NSSESS

THE

11:

eo Jawa . os 0 ® . es 0 ®

Net . Last Change -%

“ug 7A

ie Transamerica s

/[und EI Fish...

a | OWS, 77%2¢; Indiana Yellows,

Ys Texas Corp _.

AAAAAAAAAL CSS SSSSSS 3 ao

Jieplane has to have the world’s largest wheel assemblies—and this is one of them. ndix for the B-19, monster Air Corps’ bomber mearing completion af the Douglas factory in California, this’ tire and wheel are 96 inches in diameter and weigh 2700 pounds—just about 23 times the weight of Dorothy Rush standing beside the assembly, The B-19 will have a maximum cruising

N. Y. STOCKS

ay UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ....... sesensnesss 131.07 Week Ago « 181.37 Month Ago .. . Year AZ0 ...ccciisanne 2 High 1940, 1528.0; Low, 111.84, High 1939, 155. 92; Low, 121.44." 20 RAILROADS Yesterday ....... ’ Week AZo Sense Month Ago ... Year Ago .......c0in0y tye ves High 1940, 32.67; Low, 22.14. High, 1939, 35.90; Low, 24.14. 15 UTILITIES Yesterday .. Week ARO ciocecavesssns soe 20.09 Month Ago ..... ssesnsagenesy hYear Ago ......covvsn Sodas High 1940, 26.45; Low, 18.03. High, 1939, 27.10; Low, 20.71.

1.24 -0.09

—0.20

' High Low

Reyn Tob B.... 31% 31% . 16 16

31% Ruberoid 16

— . 1034 2 34% 1

10% 8 34%, 1 2% 2% ..25% 25% Per | «30% 39% .. 49% 493 3 Ya 4% 1Ya 1Ya 6% 6% —l] 34, 34% 0%- 0% 76 16

103 20% 31%

Schentey 2:

td G&E Std oe 4 pl Std Oil Ind

Timken R B

Tri Cont 20th Cent Fox. .

Vanadium sevee 32% 33% — We fs 55 a 1%

85 1%

2014 A 133

7alworth ren Varner Bros.. jarner Br pf..

7ilyls Overld p ilson 0. oodward Iron 32" oolworth

orthington..

3 4%,

4° a Hh

32 Bu — Young Stl Drt.. 17% “17% 17%

FOOD PRICES

CHICAGO, Dec. 17 (U. P.)

33 @2.50 . 8 inach—Texas, au lifowsr—Ca fornia, crates, . arrots forrria, - crates 3.15. Sn Aria crates, $2.40 eet Potatoes—Tennessee, bu., $1.25 onions (50-1. sacks)—Iilinois YelSc:

as Sn 67%. @

Mifesore Yellows, tes,

Towa 90c; Colorado Sweet Sah, 3

| FOREIGN EXCHANGE

ORK, Dec. 17 (U. P.).—Following

{ op IY cable rates on major currencies:

Cable Rates Net Chg. England (pound).

Canada (dollar)

Vs | Switzerland (franc) .... krona) ..

Sweden (kron Ja

an (yen) .... Mexico (peso)

BUSINESS HERE STILL GAINING, |. C. OF C. REPORTS]

‘the Chamber of Commerce reported

Jover November,

==0.26

_| year-ago. - Relief cost increased 8.3

Net Last Change + Ya

vember, 1939. 8

/, | today. “| Boswell Bank loins

er Yesterday esses escssseesece 123.31

plos-~ 1940 low (Aug. 19) .ceesececsss 112,42

Decline in Building Permit Vajuation Is Chief Exception.

‘All phases of business in Indianapolis except one showed improvement in November over a year ago,

today. The exception was building: per‘mit valuation which was 70.3 per cent under the record high in October and 13.4 per cent under.a year ago. Business and industrial construetion valuation was 88.4 per cent below October and 24.1 per cent below. last November while residential building valuation fell 36.1 per cent from October and 23.5 per cent from'a year ago. + Consumption of electric power and industrial gas showed marked gains. Electric power consumption gained 6.2 per cent over October and 14.7 per cent over a year ago aad industrial gas consumption ined 7 per cent and 21.6 per : t for the respective periods. "Employment Rises Factory employment and payrolls were considerably above November last year and employment was slightly above October this year. But payrolls declined somewhat under October, a decline attributed by the State Unemployment Compensation Division to the 40-hour-a-week which went into effect. Bank clearings were 2 per cent above October and 6.9 per cent above last November. Bank debits were down 3.4 per: cent from October but 10.4 ahead of last November. Inbound carloadings were 8 per cent below October and 2.4 per cent under a year ago, while outbound carloadings were down 7.9 per cent from October, but 5 per cent above November, 1939. ' Telephones gained 7.7 per cent 1939; water accounts rose 3.9 per cent: street car passengers increased 11 per cent and gas meters 4.7 per cent. Postal receipts were 2.4 per cent ahead of a year ago; livestock receipts increased 38.7 per cent; new cars sold gained 41.3 per cent and air passengers rose 53.1 per cent,

Relief Load Gains

Relief rolls in Center Township rose 1.2 per cent from October, but were 34.6 per cent lower than a

per cent over October, but fell 42.4 per cent from last November. WPA relief changed only slightly from October while project work= ers numbered 41 per cent fewer and wages paid were 425 per cent less than last year. Job insurance benefits totaled 52 per cent more than in October, though 13.3 per cent less than in November last year. Claims filed dropped 21.2 per cent from October and 25.6 per cent from No-

Wall Paper Firm To Pay Bonus

Delaware St., will share in the firm’s $4400 bonus distributed among 75 employees, the company announced

Federal Reserve

Times Special CHICAGO, Dec. 17—The Farm. ers & Merchants Bank, Boswell, Ind., has “joined the Federal Reserve System, Federal Reserve Bank of Chicago announced today.

DAILY PRICE INDEX

NEW YORK, Dec. 17 (U.P.)— {Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled by United Press (1930- 32 average: equals 100):

Week ago P0000 teO0RORNORRNRNYLIS 124.23 Month ago tevccsssssesescce 123.22 Year ago ee0ectsssnbtRNnRen 123.63 1940 high (NOV. 29) cecsesssss 124.32

LOCAL PRODUCE

Heavy breed hens, 12c; bareback hens, 11¢; Leghorn hens, 8c; bareback Leghorn hens, 7c; Barred and White Rock springers, 13c; other colored heavy breed springers, 12¢; Leghorn springers, 11¢; bareback springers, 9c: old roosters i IE po Ne L178 No. 1, 10c; young hens 1 No. 2, 14¢; old toms, No. 1, 10c: 2, Duck = Pull-feathefed and Ia, white, 5 Ibs. and over, 7c; und r 5 1bs., Oc; colored, 5 1bs. and io Yo ger 5 1bs., 5c. Full-feathered and fat. 7¢. Indiana Grade A large eggs, 2 5¢C; Indiana Grade A Jnedium eggs, 22¢: small Grade A and No. 2 eggs, l4c; no grade, 17c. y —No. 1, 8@3 15¢; No. 2, 3@ 36500, Re oTat No. Cs 33c. (Country pickup hice ‘quoted: by the Wadley Co.).

os XN

Martin's Proposal Arouses Stock Exchange Opposition

NEW YORK, Dec. 17 (U, P.).—William McC. Martin Jr., president 2 | of the New York Stock Exchange, has aroused the opposition of “strong” interests within the Exchange by his demands for equalization of reg-| istration of securities, informed Wall Street quarters said today. Mr. Martin in a recent “goodwili” tour of the Pacific Goast made several speeches urging that securities traded on the over-the-couniss

market be brought under the same type of regulation now applying to stocks and bonds listed on registered exchanges. He held that such a move would be in the public interest and would afford greater protection to investors. It also would tend to increase the amount of business done on the

4 floor of registered stock exchanges.

However, it is said that “power-

33| ful” member firms of the Exchange

which are known to ‘do a large over-the-counter business in both stocks and bonds are “up in arms” over Mr. Martin's suggestion. These houses reportedly fear that if Mr. Martin’s proposals are accepted their revenues, aiready badly hit by the falling off in speculative dealings in securities, will be, further scaled

| Wider profit margins are possi-

ble in over-the-counter deals than in Stock Exchange trades in stocks and bonds because commissions on

is possible only over-the-counter, is necessary to transact deals in big blocks of unlisted stocks and bonds

and that equalization of registration would be a severe blow to many houses which now do a big institutional business. In this connection, market veterans point out that the question of bringing bond trading back to the floor of the Exchange has beén raised from time to time but that kino previous Stock Exchange administration has had the “nerve” to bring “the situation into the open because of the strength of the forces opposed to such a move, Current rumors in the Street run all the way to gossip that these} big interests are starting 4 fight to oust Mr. Martin as Stock Exchange head. His present contract expires in June, it is understood. However, the leanings. of the Securities & Exchange Commission in Washington may have important

4 rtiree eniployees of ‘the "Martin, Rosenberger Wall*Paper Co., 302 N.

on THe

TONIGHT

9:00—Boh - Hope, | i 10:15--Clothe-A-Child, WFBM. An hour and a quarter of entertainment in behalf of The Times’ Clothe-A-Child campaign is tc be broadcast over WFBM tonight starting at 10:15. : Ten acts, representing the cream of amateur talent in Indianapolis, and Ed Resener’s augmented Lyric Theater orchestra’ are to be featured along With Gilbert Forbes, |" well-known WFBM news comraentator. Herb Green; former NBC special events announcer, is to be master of ceremonies and promises 75 minutes of fast moving, diversified entertainment. The Indianapolis Musicians Union has granted Mr. Resener.and the members of his orchestra permission to donate their services in behalf of Clothe-A-Child. Many of the 25 amateurs whe will participate have been winners in the recent amateur programs sponSe by the Sone Theater and

The Most Rev. John F. O'Hara, C. 8S. ©. Military Delegate of ’the Army-Navy , Diocese, will speak from Indianapolis at noon Christmas ‘Day in a program sponsored | - by the National Council of Catholic * Men over | the NBC - Blue network. The program | has been spe- | cially arrenged | for the men of | the armed forces of the United States. Bishop | O'Hara’s topic will be “Peace.” +. The Very Rev. -M r. William R. Arnold, chief of chaplains of the TU, 8. Army, will introduce Bishop O'Hara. The choir of the Capuchin College, Washington, D.. C., will. close the program with “Adeste Fideles. ” Bishop O'Hara was President of Notre Dame University until his consecration as: bishop .of the Army and Navy Diocese. 2 2 8 ®

Bishop O'Hara

the. broadcast of a

RADIO

lof Christmas in many countries

the networks in this country have made elaborate plans for their holiday broadcasts. 2 One of the chief features is to be

by -King George VI of England which will be short waved Hk by the world « and rebroadcast in this country on the ‘Columbia and ‘Mutual systems. The British Broa ‘Co, re=ports that elaborate precautions are being taken to guard the monarch during ‘his talk. - Location of the microphone is a closely-kept. secret —even his subjects in Creat Brie tain- are being told: only hat they will hear His Majesty’s voice f “somewhere in England.” - The King will speak shortly’ after 7 a.m. (Indianapolis Time). Christ: mas Day. 7 2 2 8» : “Slide, Kelly, Slide,” a comely: romance of the snow country, is. Bh be tonight’s offering on the First Nighter program, 7:30 WFBM, stars ring Barbara Luddy and Les “Tremayne. Les plays the part. of “Kelly,” a hero in the movie thrillers: who usually has a stunt man doing the dangerous scenes. He falls in love with “Doris” played by Miss Luddy, a great admirer of daring skiers and bob-sledders. Kelly, to make a hit, talks himself into being a real death defier and then discovers his rival is a world’s champion bob sledder. The play was written by Leofi Ware: Eric Sagerquist provides: acs companying music as usual.

Sponsor of the Rudy Vallee ‘program has signed up John Barrys more for another 13-week period effective as of Jan, 2... . After Friday night's broadcast from the coast Jean Hersholt and ‘Dew Camp go to New York from where their Dr. Christian series will be broadcast for three weeks. .. . Also New York bound is Tommy Dorsey

cast from the Gotham ‘area for | an indefinite period. . . . When Harry von Zell goes to Hollywood with the Eddie Cantor. cast Thursday he wil have to give up four other jobs. He has been announcing the We, the People, Aldrich Family and Helen Hayes programs in addition to his newsreel asdignment. . . Bob Hawk, emcee of Take It Or “Leave

It sent a list of questions to a rival

quiz contest and received: a five«

Although the war will cast a shadow over this year’s observance 8 #5 =

(The Indiafianolls Times 1s nouncement caused by station on a

RANE" | TRA 0 _ica8 Net 8 WHER: (one bm, ies Scattergood Balnes gay SE Lite x Ne as i h : Bh 3 it

:00 Sant aus =| {Pleasure Time

:16 Pai > Elwyn 35 Glibare Facbes Music Makers ick Reed | Inside Sports

Amos and Andy cond Husband (Johnny jrosents. Horany H

Husba : Horace HEH

oF te Bees | EL rst Nighier

THIS EVENING

dollar check for his contributions, Bob only did it as a gag. LSE an es

Donsivle oh TR nd n orseram one =

Re ipaasy ; fe >

fter

ing Arthur Jr. Horace

yuest!

Battle of | Battle of Sexes

Fibber

B Bob Hove

People | Fropls

Prof. 2 : 100, Glenn Ideas aa im

at 2 HRhvihm doghouse

Ji Joghouse

gran entra Gran

entr: ncer

Con Community d Better Business. Better Busin Edward Wee

Edward Weeks

Bt 1 B=

:00 Gilbert Forbe. 1 Guia | BA BE 49 Clothe-a-Chiid

:00 Clot :15 Clot :30 Pau :45 Pau

Cl he-A-Child Night he-A-Child Pendarvis Pendarvis

’

erenade Music You Want Music Yon Want Music You Want

| "WEDNESDAY : NAPOLIS (CBS Net.)

Po nt feck ih [ft bh fh et ff

ock Strikes Christmas Concert hristmas Concert

LEE

Globe Trotter Jimmy Dorsey - Tony Pastor Moon River Tony Pastor Moon River.

PROGRAMS -- = ~~=. >® TRAC 1

a Bi and Tria Phil Bar

Dawn Patrol

§ii8 Early Sivas Market Reports

Boa

fl Bers,

European ‘New: Trolley Time ’

Of y gi

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U.S. USE OF LUMBER ‘ABOVE OCTOBER, ’39

WASHINGTON, Dec. 17 (U, P.).— Domestic lumber consumption in Oc- | tober was greater than in the 1839 month, the lumber survey committee oI the Commerce Department reported today, adding that while November consumption is expected to be smaller than a year ago, the gecline should he less than seasonal. For all of 1940, consumption is expected to approximate 29,00,000,000 feet, with production of 27,300,000,000 feet. Mill stocks—reflecting defense demand and the rise jn housing construction—are expected to show a drop of around 900,000,~ 000 to 1,000,000,000 feet. As of Dec. 1 mill stocks were about 6,750,000,000 feet, compared with 7, 161,000,000 on Oct. 1 and 7,577,000, 000 on July 1 of this year.

"RESERVE INDEX RISES WASHINGTON, Dec. 17 (U. P). ~The general level of industrial output in November was. 131 per cent' of the 1035-39 average, The | output was 128 per cent in October, according to °the Federal leserve

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' KEY NETWORK STATIONS (Subject to Change): MUTUAL-—-WOR, 710; WHK, 1300; WHKC, 640; CKLW, 1030; we, 880; NBC-BLUE—-WJZ, 760; WOWO, 1160 WLS-WENR, 870; KWEK, 1350. 660; WTAM, 1070; WWJ. 920; WMAQ, 670. ° ? ORS~WaBC: 860; WJR, 750; WHAS, 820; KMOX, 1090; WBBM, 770. -

SHELL TO BUILD ‘STORAGE

NEW YORK, Dec. 17 (U. P) ~The Shell Union Oil Co. will build ads ditional gasoline and fuel oil: ‘stor= age facilities accommodating 35,000, 000 gallons at Atlantic Coast points during the next tew months; N. J.

McGaw, vice president in charge of transportation and- Supplies, ops nounced: today.

FOREIGN ORDERS

Price ‘$10.00. Write today: Job des seriptive folder and sample pages. JOSHUA B. POWERS, INC. Publishers Reprountotiios

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Mr. Martin's efforts also are being employed to restore bond trading t0.the floor of he BXchange, a

DIVORCES SHIPPING MAGNATE RENO, Nev., Dec. 17 (U. P.).—The fourth wife of millionaire Lewis Luckenbach, New . York and San| sale grocery and cash register Francisco shipping magnate, won a | business, worked for Fenner & {-default divorce from him. here yes-| Beane eight years before coming terday. $e : here from Muncie.

i aa bearing upon the matter. Latest gossip ‘is that the SEC may back ‘Mr. Martin in: his drive, a factor move which also finds. p same (which may be sufficient to under“powerfu ” interests opposed. ' |mine the interests supposedly opThese firms generally Sontend | poscd. <2. Ue equalisation of regis: that a tiated” t, such as! tration. © 4 1

1 “from Oberlin College, Oberlin, O., is 37, married and has one daugh-

ter. He has been in the whole-

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