Indianapolis Times, Indianapolis, Marion County, 2 January 1941 — Page 20
Curb Excharige Suspends:Broker
NEW YORK, Jan. 3 (U. P)—The New York Curb Exchange has announced that Julius Brickman, exchange specialist) in American Cyanamid company “B” stock, h been suspended for six months, fined $500 and ordered to pay $75 which a brokerage house customer might have lost through allegedly irregular handling of the market. | ‘The Exchange's commiittee on stock transactions reported that'on Nov. 30 @rickman, who was found
[1941 PROBLEM: 20,000 NEEDED FOR JOBS HERE
Defense Work Increases - Demand for Metal Craftsmen.
Federal Government to Collect Taxes From Twice as Many Hdosiers in 41 |
—— By ROGER BUDROW ; + A GOOD MANY HOOSIERS will realize tdmorrow that, fe for the first time in their lives, they will have to pay a
Federal income tax this year. That is because Congress last summer decided to levy
N. A. M. Reports 32 Per Cent Favor Method to Pay Defense Costs.
: tues on some of the lower-ii
rel § tant changes to ke:
t. year' single persons or ‘imaroy persons not living together who * had a net income of less than $1000 ‘did not have to pay a Federal income tax. This year they must file a return if their gross income—not | net income — was -$800 or more during 1940. Last year
married persons;
living together having "a combined net income of les is than $2500 di Roger Budrow not have to pay ‘a Federal tax. But this year they :must file a return if they had a gross income of $2000 or more dur“ing 1940. © These returns, which the Internal “Revenue Collector for Indiana, Will H. Smith, will start mailing out to“morrow, must be returned whether ‘or not, after deductions and ex‘emptions are made, the person will shave to pay a tax. Mr. Smith estimates that the “umber of Hoosiers paying a Federal’ income tax this year will be ‘double that of last year or about '167,000 more. These returns must be sent back by March 15.
S # 8 nn
HE NATION'S FARMERS, as a
“whole, can grow more corn under o AAA fosghicuons this year than last:
year but Indiana's acreage has been
cut.” The U. S. total allotment for 1940 was 36,638,000 and has been increased to 37,300,000 acres this year. Indiana’s allotment last year was 3,225,440 acres in 83 counties which
has been cut to 3,208,098 in 83 coun-| 3
ties this year. #2 8 8 ODDS AND ENDS: backlog of uifilled orders amounts
to $164,800,000, according to Aviation | : magazine, , . . There has been only 1
one bank robbery in Illinois in the past two years, an amateur job
in which losses, were recovered and] ji
perpetrators caught and convicted, according to Illinois Bankers’ Asso-
_Allison’s|
1come groups. ’ sp in mind.
PRICES ON HOGS BOOSTED HERE
eb mc
Top Advances to $7.35 as 7000 Are Received; Vealers Lower.
Hog prices rose 20 to 25 cents at Indianapolis stockyards today, the Agricultural Marketing Service reported. Hogs weighing more than 160 pounds sold 20 cents higher than Tuesday while lighter weights rose a quarter. The top was boosted to $7.35 for good and | choice 220 to 230-pounders. Vealers were 50 cents lower with a $13 top, The Marketing Service reported 1358 salable cattle, 521 calves, 7000 hogs and 2144 sheep were received at the stockyards here.
’
Receipts 9,125 586
8.050 1.500 11,500 10,500 7,000
Barrows and Siles | Packing Bows
Sood to Ch 1GoOd to Choic 120- 140% a To 8 1at 270-300. .8 6.15- 3.10 300 | 330.. 330 360..
I . 5.60- 585 50 5.45- 5.75
. 5.35- 5.60 00 Medlin —
‘ 800. 6.75- 6.85] 250-500 . 5.00- 5,85 6.70- 7.00] Slaughter Pigs i Medilim and Goo 160- 200. 6.50- 7.00] . 90- 120.. 5.15- 5.75
Slaughter Cattle & Veale! (Receipts, 1358)
Steers’ Bulls ly doriney excluded) $12. 50-14. ae fore 3.26-14.7 7.50- 8.00
God . 13 25-14. TiSausane— . 13.50-14. 75(Gopd lve 7.50 1.75 Mel 6.75-.17.50
| in . .10.50-12.50 Sutter. Pand v 351 common EZ 00- 6.75 0 10.50- B: 50! zed hi . d/ And | choice... 12.50-13.00 8.25-10.50|Coramon and 8.25-10.50| medium. & x 11.50
§00- 6.18 85~ 6.1 5.15- 8.00
Choice— 0- 900
Tedium-— 150-1100. 1100-1300. : 0- 7.50
There are sev-
\SPECIALS GAIN
IN STOCK LIST
Universal Pictures Soars [4 $12 on Ratirement
2 Plan.
NEW YORK, Jen. 2 (U. P). — Stocks maintaiged a firm tone during early afternogn trading today with volume light. Gains in the le:ding issues generally were smail while special |B issu¢s continued fo feature. Universal Pictures first preferred made a high for a yeer at 140 up 12 pbints. Virginia Iron, Coal & Coke preferred ran up 5% points to 18%. Nunierous other special = issues gained 1 to 2 poirts. Steel shares were mixed. Bethlehem was at 87 up 2, Steel 693% off %. Motors were
and U. S. &
uil appearance at year’s end
NY. §
Net High Low Last Change Ae
Alaska Junesy . 4%
4% . 30% + Ys 62% 22% —
1 16% 13
A Am Chain &
ALS RH i ss
Anaconda ..... Armstrong Ck . Asso Dry Gds.. Atchison Atl C Lin A Arion Corp .
I: 414+:
Ya 4%
‘Balt & Ohio .. 3% Balt & O pf
Beth Steel Bo fuen . Bkiyn-M T Budd Wheel © Burroughs ..« s AM
Ca a Pacific . Caterpillar T..
By UNITED PRESS
4 8 Sharp & D yd Socony-vVac
- |almost reversed itself.
With © clerks f tinishing up ; instoiningte business and the floor resenting its usmal disorderly appearance, the New York Stock Exchange has a reg: arded as rather slack year in the securities business. Stock averages showed a decline of ‘more than 12 ‘per cent during 1940 while business in the nation rose to new record highs.
in keeping with what many brokers
TOCKS.
DOW-JONES STOCK AVERAGES 80 INDUSTRIALS 131.13 +0.09 . 120.02 +0.13
Tuesday ... Week Ago .. Month Ago .....
{ Year Ago
High (1940-41), 152.80; Low, 111. 81, High (1939), 155.92; Low, 121.44,
+0.14 +0.12 =0.11 +0.01
Month Ago ....iccevees sores Year Ago High (1940-41), 32.67; Low, 22.14. High (1939), 35.90; Low, 2414.
Month AO ...coveveres Year Ago High (1940-41), 26.45; Low, 18.08. High (1939), 27.10; Low, 20.7L
Net High Low Last Charge
43% 42% 4
Safeway Savage Arms .. 42%
So Cal Ed ....
By TIM TIPPETT v Two years ago the local branch of the State Employment Service looked with. not too optimistic eyes at the
coming year. Today the employment picture has Instead of too many persons for too few jobs, the local office must in the next year find at least 20,000 persons fo fill the demand of this area. Scores of war contracts including new plants and plant expansion calling for up to 5000 workers on just one project may very well make this year an all-time high, according to George J. Smith, local office manager. “There is plenty of work to be done.” This is the slogan of the employment service and its job is to supply men for those jobs. While the service still has /a considerable number of persons on its lists of possible employees ‘there ‘is a marked lack of skilled and semiskilled workers. Especially is this true in the metal trades.
Age Limit Boosted
Industry and the Indianapolis public schools have already set up schools ‘for workers'and many persons who have attended industrial classes are already taking part in the national defense program. Looking back at his experience Mh the local office, Mr. Smith said: “We have seen the picture change from an abundance of skilled” workers to a pronounced shortage in the past two years. If the present trend continues the situation will have made an about face.” The shortage is being felt so keenly here, according to employment officials, that many local employers have been forced to hire persons who ordinarily would not meet their requirements. “For instance,” one officidl pointed out, “employers are now letting down the age requirements and emplo¥ing older men and in some cases very young men, Even experience requirements are being lowered.”
© 19,200 Hired in ’40
In 1939 the service placed i
“guilty” of the alleged mis-han-dling by the Exchange oti Dec. 31, bought 200 shares of the stock in question for his own. account without making a %4-point market, failed to ne enough information to maintain a proper market, and failed to announce and print the correct amount of stock sold. The committee emphasized that Brickman’s action was “due to.carelessness and negligence: and not to any deliberate intent to take advantage of orders in the crowd or left with him.”
?
a
NATIONAL DEB OVER 45 BILLION
U. S. Obligations Increased $3,000,000,000 in Past Year.
WASHINGTON, Jan. 2 (U. P).— The ‘public debt passed its former statutory limit of $45,000,000,000 on Dec. 30, the Treasury balance sheet showed today. : On that date the debt was $45, 00.,757,537, with less than $4,000,000,000 to go until the present limit of $49,000,000,000 is reached. Comparative figures showed that the . debt increased fore than $3,000,000,000 in one jyear. On Dec. 30, 1939, it was $41,942,456,008.
that they would ask Congress to
much as $65,000,000,000. In addition, they will ask for authority to con-
Treasury officials have indicated increase the statutory limit to as
NEW: YORK, Jan. 2 (U. P.) ~The
National Association of Manuface turers said today that it had: a& nation-wide ‘survey taken which showed strong support for a Fed= eral sales tax to finance the defense program
Roper organizat
gested by interviews or volun by the public as a means to the extraordinary costs of national defense, a general sales tax oute = stripped other methods as the form. preferred by the most A, Walter B. Weisenburger, -€ ive vice president of N. A. M,, said, He said 32 per cent of those ques ‘|tioned favored the sales tax; 17 per cent favored raising the rates on present income tax payers; 15: per. cent favored more taxes on all buss iness; 14 per cent preferred to. tax defense profits more; 13 per “cent wanted to see the income base broadened so that more persons would pay. Mr. Weisenburger said the percentages totaled more than 100, because some persons preferred more than one form of taxation. Replying to another. question, 55 per cent of those polled favored pays. ing for national -defense by tion; 11 per cent believed the should be raised by cutting :Gov« ernment costs; 5 per cent favored
MADISON AWARD 1S LARGEST IN WEEK:
Heavy engineering cons awards in the holiday-week
The poll was taken by the Elmo ? “Out of 11 types of taxation sug=
NEW YORK, Jan. 2 (U. PY
private employment 16,500 persons. In 1940 the figure rose to 19,200. With the known need of approxi-
duct long-term financing. under any increase, which they believe will be more; advantageous: than the shortterm: five-year notes to which they|ga were limited under the recent $4,000,000,000 defense debt increase authorization.
335,000 BUICKS IN 1941 ARE PLANNED
Production, endployment and pay-
today totaled $82,594,000, an ine crease of, 10 per cent over the pres vious week and 54 per, cent ahead of . year: ago, according to the Engle oe News-Record. Awards amounted to $75,341,000, while
Private construction in the cure rent period aggregated $31 against $18,049,000 in the previous week, and $21,687,000 a year State and municipal awards
$26,986,000 last year, while awards were $29,703,000 a
year earlier the total was $53,460,000,
$21,446,000 against $18,985,000, and Toderst
financing; 35 per cent “didn’t know." i
x
in the previous week 3
$38,307,000 and $4,777,000, r tively. ; Among the largest awards: for week were an $8,000,000 contract for a proving ground for the War Department at Madison, Ind. and a $7,000,000 plant addition for At the same time, Mr. Curtice Wisconsin Electric Power Co." promised that Buick will contribute |Port Washington, Wis. “heavily” to ) Je defense programT= which; he satd, “is stimulating all N : lines of trade and is expected to FOOD PO : be a substantial factor in automo-| CHICAGO, Jan. 2 Jchigan Jonathans, ida 1 gan ares
South Pac .... South Ry Sperry Corp . Std Brands ... d O Cal
mately 20,000 workers the local office 2 | looks for a record year but cannot 3 estimate the total number of persons who, unemployed now, will find 4| work in 1941. Mr. Smith urges all persons who have had any experience in. the skilled or semi-skilled trades to register at the employment Service office. “There is work to be done.” ¥
< FOUNDRYMEN HEAR
rolls of the Buick division of General Motors Carp. broke all records in 1940 and the immediate outlook is for an even year, according to tice, president and general manager of the Buick division.
Cul 7.00- 8.25] ° Feeder 320 hoker, atte Sears, Heifers €hoi (aor oors 521) 500- 50. 11.25-12. 15] hice «300 9.25-10.00 500- "750. 9.50-11. 25] 800:1050. 9.25-10.00 ‘Heifers | aoe $00. 8.25- 9.25 Choice 800-1050. 8,25- 9.25 ie 900. 11.00-12. 25 Medium Go 500-1000. 7.25- 8.25 6.00- 7.25
7500 "900. 9.50-11. 00Comm: ON —= Medium 500 900. g%-! 900." 7.75- 9.501 Calves (steers) nd choice—
30% 900. _ 6.25- 1.751 a down. 9.00-11.00 nm-— 8 | 500 down. 8.00- 9.00 . 6.75- 1.75] (Calves (heifers) Medium . 6.25- 6.75|Ggpd and choice— Cutter and | 500 down. 8.25-10.00 common 5.00- 6.25(Mediun— Canner... 4.00- 5.00/ 500 ¢lown. 7.00- 8.25
SHEEP AND LAMBS (Receipts, 2144)
OMmon «= 1 750-1100. slighitly easier. Small gains were| noted in Santa Fe New York Cen- € tral! and Union Pacific. Amuse-|C ments firmed smal. amounts, COp-|Comm Edison .. 2 pers were steady to slightly higher. Cons SL Demand for: Universal Pictures|Cons Edison ... first preferred was: based on plans | Sons Oil to retire a portion of the stock. In|Cont Bak A som¢ instances buying was attrib-|SInt Met -.-. uted to investor demand and to re-|Copweld Stl . placement of issues sold for tax purposes late in 1940. Business news aj the new year started was seen as favorable. The aircraft industry pegan the year with a backlog of $3,500,000,000.
ciation, . . . A & P employees joining the U. S. armed forces will receive 20 per cent of their wages (up to $100) from the company for alc, year. . '. . California farmers’ cash income is up about 11 per cent, Wells Fargo Bank reports. . ubfic Service Co. of Indiana had net income of $1,650,327, in the 11 months ended Nov. 30, $386,614 more than the 11 months of 1939. . . . Freight rates on glucose used in candy manufacturing in Indiana, have been reduced $57 a car, State Chamber of Commerce reports.
PE HEE HELE HE
DHE
Hoth Ce Cent-Fox..
Cro Crucible St .. Curtiss-Wr .... Cutler-Ham °
Sood . Un Oil Cal ...
1: +H 4
. 12% . 42 16%: . 1 « 273% « 9% 1%
bile business” for 1941, Mr. Curtice announced that the Buick division had set a new pro-|g
19% 19% at 117 117 i
I++ +104:
Det Edison .... @1 50°
.25@ carrots, Gai ifornia $33004:
duction record of 311,403 cars in lettuce, Arisona crates,
3 ALA \ LOCAL ISSUES The joliowing Suctauons by the Indlanapohs Bond & re Corp. do not repreactual price ot offerings, but merely todicate the approximate market level based on buying and selling quotations of recent transactions. Stocks - Bld
Agents Finance Corp com, Yds com
‘pd. vy Co of Ind 1% pid... G&E 438% nid ©...
on TH Van Camp Mil Van Camp Milk com
y 48 Home T&T Ft Wayne bYas - Hey olds-1ayior 5s 42."
Sh 3Y%s 170 dpls Baitway Inc 5s 67 dpls Water Co 3'2s 66 komo Water Works 5s 33 uhner Packing Co 4'zs 49.. rris 5&10 Stores 5s aU uncie Wat
el avas et oF Jn Tha 4s 69. J0 5 d Wa ar Wis 58 57.
rm Coro 5s x C*Bx-dividend.
GUARANTEED
NT
AT OUR USUAL
2 i PRICES ay
EXE) 11
| Good and choice
» | the
Lambs Good and choice Medium and good Common
$ 9.50-10.00 8.50- 9.25 Yearling Waalhers
Good and choice ‘Mediu
8.7 8.5!
Ewes (wopled) 4,0!
Common and medium | 7.5
CHICAGO LIVESTOCK
Hogs—Receipts, 15,000; fairly active, 10 to 15 cents Digher, packing sows, showbulk god and choice, 3 15: 590 \Ibs., $7.20; 4 go3 @7.05; 270-310-1b. Wo 20 [Boat packing sows, 400 lbs. fa few hiitchery kind upmo
down, 43% Gs st 400-350-1b. averages,
yard. Jor a
' 6000; calves, 500; fed rlings, Strong. strictly good ight and. long yearlings got best: action; instances 10 to .15 cents higher; steer market sOmething of a forced affair; however, tiyers stubbornly resistin highet sking | frees: largely $9. pais rade: goly a loads above 1
$14: light Tdi sell. low; extreme ine $14.78 steers of .long yearling (ype sealing 1111 1bs., 1040-1b yearlings, 14.50 1360-1b. Colorado fed steers, $1455: thin stockers very scarce; heifers shade ‘higher; around $12.35; mostly $11! down to $9.7 cows active and strong with cutters a to $5.85: bulls 10 to /15 dents aigher, up to $8 paid rather fregly for Weighty SE + light vealers dull at $8@ sparingly at yn.
and choice!
e Movening active, fat lambs Steady to strong on paper, strong to fully 15 cents higher Considering wet -ideeces: early bulk Sod to choice fe Western lambs Jo.¢0 some held izher: few Toad s 500 Ha ght fall shorn ed lambs, $0.25: nothing one early on lirpited supply sheep. ep. | 4
LOCAL PRODUCE
Heavy i breed hens, 12¢: bareback hens, 11c; Leghorn hens, ‘Sc: bareback Leghorn hens, 7c; Barred and White Rock springers, 13c: other colored heavy breed springers, 12c: Leghorn springers, llc; bareback springers, 9c; old rogsteis, Indiana Grade A largé eggs, ara Grade A medium eggs. ; small Gr Fade A and No. 2 eggs, ldc; no grade,
Butter—No. 1. 35% @3i¢; No. 2 Bka 34c. Butterfat—No. 1. 34¢: No. 2, 3l¢
6c. 23c; Indi-
%F The CHICAGO
146 E. WASH
(Countr icku ricés| quoted b wagow £3» PB €3 quote: y the
on Everything! Diamonds, Watches, Autos, Gameras, Clothing, Shelguns, Ete. JEWELRY
CO. Inc. INGTON ST. .
-
““ FRACTURE BEDS Can Be Rented at the New HAAG'S ALL-NIGHT - DRUG STORE 22nd and Meridian
‘OUTFITTERS TO MEN, WOMEN atid CHILDREN
E MODERN CREDIT STORE *
129/W, Wash, Indiana Theater
§ mber SUITS
HAN TAILORED LLB GREATEST CLOTHIERS
5 2
E. WASHINGTON ST.
is Opposite Us. Colonial . Thrifty Savings Ac~ counts are Insured: by Gov¢imment Agency up (o $5.000. Savings & Loan Colonial Association "Member Federal Savings & Loan
lasnranes Comporation 24 Squth Hiinols St.
Our Famous First Quali Number io” y
HOSIERY
Genuine’ isin.
{Building for the week ended today
was 54 per cent oy cent ov er a er a year ago.
GRAIN PRICES SAG
CHICAGO, Jan! 2 (U. PJ).— Slightly lower pricey were registered |G in thie wheat market on the Board of Trade today in 2h extremely dull session. make, new commitments, apparently awaiting political developments
flour demand. At the end of the first hour, | wheat was off % fo up Yc, May Bie. Corn was off |% to 3c; oats is to %c; rye up 1% to-%c-and Er beans up s to |%c. Feir selling of Ju ly by a leading |E local professional was noted, due largély to additions] moisture over /|the grain. belt and| favorable crop comment, but no re al pressure was apparent.
in a small way. Government week ly weather and crop report stated [that conditions
able in the prindipal producing arees and for all srinter grains in the | southern statis where good growth is reported. | It was report-
through. the Federa| Surplus Credit Corp. is asking for c¢ffers on an additional 25,000 bbls. of white flour} the bids to be in by Jan. 4. No mention was made |as to the destination. i
NEW. YORK, Jan. 2 (U. P).— Dun '& Bradstreet’s| daily weighted
compiled for United Press (1930-32|p average equals 100) : | Tuesday seeesemeethesesices 124.84 Week ABO ...ecc.. Month ABO .....ccabosceracs Year Ago A 1940-41 High (D 31) 124384. 1940-41 Low “(Aug| 19) 11242,
IN DULL TRADING:
Traders were reluctant toy
here and abroad afd the expected I
Commission concerns |M ck Tr were on both sides) of the market M
for winter wheat continued favor-|N
that the American Red Cross NY NE
DAILY PRICE E INDEX Penn R
price index of 30 ba fic commodities, | Poo
shoecnescs 123.49 Ratio 124.23 [Ray
16% 3 322
Elec Bo 16% Elec Pwr & Lt 3% Ew a 17 pt 33%
TE ¢ a.
Gair Robt .... 2% Gen’ Electric .. 33% Gen Foods .... 38 Gen Motors .. 48 v .1' 4% 4%
3 3 2g 2% 12 15% 26% 2
2% 33a 3
8 477%
Grand Un xotsi 12 Gt Nor Ore 15% = North Sr. 3% ulf Mo & Oh. a 7 4 36
Herc Pdr Houston Oil’ . owe Sound ..
6%: 12% 507 24% 147 6615 2% mo . 41 41 — 4Y, 4; Kroger G&E .. 29 29 ie 33% 33% 17% 17% Moe Se 0 “ae 20% . i 24
Tl Central Inspartn Cop .. nt Harvester.. Int Nickel nt P&P Int P&P pf . Int T&T "eves
Jewel Tea ...
Loew's Loft, Inc
38 50
Amer No Amel No Pacific
Ohio Oil Omnibus
Pac Tin Cons... 4 Paramt. Pict ..
- . aX
or ullm pul on
DEER HE OH
"¥ Gi
2 T
Rayonier Stl ... Reyn Tol .e Richfield on ..
SHEL
Antel Rustless 1 & 8t13
Steel Mills'Sold Out’ on Many
products for the first | |quarter of 1941,
The trade journal| in its weekly steel market summary asserted that “unwarranted conclu sions” are being drawn from the fact that steel companies. now hav record back: logs | of unfilled orders on their books,: and reiteratdd its opinion that there is no presint or impending- frastic-shortage lof steel. A go good: deal ‘of tile material -on ei half of the year or even as far away as 1042,” the magazire stated. “It has been obvious for some weeks.” it added, “thet steel ordered for so-called non-ess nial requiremens may be subject to delays even beyond those 1 qriginally contemplated, but there is no suggestion ate that produition of consumer goods or othe: less essential
LL Te;
is, not. ‘wanted until the last|
Products Until End of March
NEW ‘YORK, Jen, 2 (U. P.).—Steel mills afe “sold out” on many
but they are holding sufficient steel-|2
making capacity in reserve to supply all the defense requirements of the Door United States and Great Britain, the Iron Age magazine reported today.
Commenting on President Roosevelt’s call for greater material aid to Britain, The Iron Age interpreted the President's remarks as meaning that additional ships may be made available to Britain, there-
{by making possible increased steel
shipments to that country. “To facilitate such expected shipments,” the magazine said, “the Department of State has approved a system whereby blanket licenses covering nearly 100 different desig nations of iron and steel products and their raw materials have been
Corp. This method will permit shipments to be cleared promptly
pliers applying for Individual li-
? | walker
Sar 2
even where priorities are not to be had.” - : 5
issued to the British Iron & Steel,
without the necessity of steel sup-|dissolu
.. 4
I+:
Vick Chem ....
H G.. Wand Bak A.. W Pa El 6 pf...106 West ‘Pace be + 5-16 White Mot . 17% Wiss. Over pf a Wool 33% Wogley
. 4%
Dil
Yellow Tr .... 17 17 Yng Stl Dr.. 18% 18%
Incorporations
Admission of Tuternstionsl Church of
1, California;
he Foursquare Gospe religious;
or profit corporation; Haute, Ind Dissolution of pmery Transportation Co., Inc., Indianapol Barrett AA. Inc., 344 Utility Bldg., Ft.- Wayne; agent, James M, Barrett Jr., same address; 1000 shares of $100 par value: ; SE real estate and securities; Barrett Jr., Walter A. Barrett, ane D. Lig.
i of wrabper ‘“A-Loaf Bread” and design of pennant by A-Loaf Bakin Co., Inc, Crawfordsville, under class 4
Dissolution 3 Ele Indians Natural Gas nd Oil Co.
not "Terre
The Home er Co., Indianapolis: 1000 shares of $560 par value; reorganiza-
A1tion under Indiana General Corporation
9 Packard ‘Manufacturing Corp., amendment to articles of Ancorporation changing its “indian io Kent ug ky and | Morris ». In fanapg s, and incre ca tals 1000 shares creasing ts of t500 par poh ®and 10,000 shares an no ‘| par value.
Gene Estate, Inc., Indianapolis, tion.
D & A, Inc., Indianapolis; dissolution. The Gold Mine Dry Gaods Co. of Sey-
dissolu-
| mour: dissolu
Amendment as articles of incorporation of Ft. Wayne Wire Die. ¢.. increasing capital stock wv 1380 shares of $100 par value: Ft. Way Dissolution py "Puritan Realty Co., by decree of Marion Superior Court, Marlon County. Excel Tool & {neering Corp.. 112 N. 6th Ave., Evansvi or ent, Walter Moll Sr.. Road, Vanderburgh County: 400 shares no par value: deal in tools and dies and other products: Walter Moll Sr., El frieda Moll. Roman Wannemuehler. Accepting Jeorgantzgtion provisions oF ooo
Indiata General Corpora Sion A The Studio Press, Inc. Indianapolis; 1000 shares no par v Ee Dissolution of = Homosteel, Inc. South Dissolution of Morgantown Water Co.,
Morgan A at of John « Miller Electric Co., Inc n corporation: agent. Jacob hans n dian apolis; imeral electrical contractor.
agent, Tull Burn ride. Soiumbas: 3 no par value; deal in concrete products an Juilding Sl? An % ‘Burnside, Tul side, Rigsbe ea ent to Cles 0 XRcorporation Guarantee Dist eibUting Co., Inc., Indianpolis: 1000 shares no par alue. and 500
% per, gent, 10- 1-5 ar debs Coca-Col Columbus, Tn Ind. Ine.. 816 ts *o Sunbu E Schymaker. 1735 Washington E Bt s; 1000 share 5, debenture stock of r.- value and. *2000 shares no alte!” coca-cofa carbonat and of er Ss. Ima er, . U= maker, Josenii Schum maker. aithidrawal International Door Co.,
“Withidrawa 4) wal 2 Hernational Revolving inois corporation.
t mu es of orporation The Spann Co., Indianapolis; Ne porate name to Delaware Co., Ine.
lumbus; 300 shares
business It k, ies a 2 iven, Thomas L. BedRegis I of words “ aster as t # Ba Pi oty: Class 8: ap Dati Eg an ny : qevman ro Altman, Inc. adn. Bend; ggent. Ros hE. Earapart LsoriEn Eh oi Foch Ep SE UE 0 Kea on, Ko Poa, Evsllon. . jag Nn Miller. same address: no ca Taio : social; Glen Austin, Thomas Kes, -
liam roll. istration ard “ alter C. Hol ie ASE tated
Final Tao of Hadley-MaHoney | 0. le . - t Merid| ount Corp.; Indianapolis; imeth Realty Co. Indianapolis; ‘co. Ine. Indianapolis; disso.
, Clara M.
rs
¥1G. Q. Biegler Sr.
John F. Modrall, employment as-
at the central Indiana chapter meeting of the American Foundry-
4| men’s “Association Monday night at 2 | Hotel ‘Washi
ngton: His discussion of “Merit Réting" will follow the dinner at 6:30 p. m. E. H. Adriance, assistant to the director of the efficiency division, will
: 5% participate in the discussion.
LOAN ASSOCIATION DECLARES DIVIDEND
Fletcher Avenue Saving & Loan Association, 150 E. Market St., has
at the rate of 312% per year as of Dec. 31, 1940. Charles R. Yoke is president; E. H. Parry and H. E. Green, vice presidents; F. T. Reed, secretary; auditor; J. K. Parry, assistant secretary, and Herman W. Kothe; attorney. Directors ars Mr. Kothe, E. H. Parry, J. C. Uhl, Frank Dunlop, Mr. Green, Mr, Reed and Mr. Yoke.
Woodsmall Agency
Pays Bonus
H. H. Woodsmall Agency, Inc., 108 E. Washington St, paid a bonus ranging from two to’10 per cent of their annual salaries to its employees, all of whom, except one, have been with the agency five years or more,
Morrisons Buys
Group Insurance
A $34,000 group life insurance Polcy covering 68 employees of Morrisons department store has been purchased from the Prudential Insurance Co., it was announced today. Each worker is eligible to $500 of life insurance and hospitalization benefits.
\
'|2 MUNICIPAL BOND
ISSUES OFFERED
NEW YORK, Jan. 2 (U, P.)— Two small municipal flotations aggregating $1,801,000 were the only security issues sold publicly as the
today, The: Northern Trust Co. of Chicago offered $1,289,000 City of Detroit 3 and 3% per cent refunding bonds. The 3%s, due Oct, 1, 1951, were priced to yield 2.40 per cent and the 3s, due Dec. 15, 1952 to 1956
, | were priced to yield from 2.45 to
2.60 per cent. A block of $512,000 board of education, City of, Wichita, Kas., school district No. 1 of Edgéwick Co :11% per cent bonds, due July 1, 1942 to 1960 and Jan, 1, 1961, was offered by Union Securities Corp., and associated firms. The issue was priced to yield from 0.20 to 1.35 per cent.
U. S. SE
WASHINGTON, aad U. P.).—Gov sTomens seal year hr ts guts ig 1
ELI LILLY OFFICIAL:
sistant at Eli Lilly & Co., will speak ;
declared its semi-annual dividend |,
1041 business year got under way|
over the 1939 figure of 231,219 cars. in turn, is expected to top last year by 13 per cent, : “Our present sc le,” he “calls for an output of more 103,000 cars during January, rurary and March and more
model run.” Plant payrolls for 1940, Mr. Curtice said, were the highest on record, topping 1939 by 26 per cent, while employment at the year-end, amounting to more than 16,700 persons, showed a rise of about 1000.
WAGON WHEAT Indianapolis grain elevators ng or No. wheat, 83c; subject ee i Shane other grades.on their raerits. Cash corn: New No. 4 new vellow shelled corn, 54c; new No. 4 white shelled corn, ~58¢; No 2 white oats. 832¢c.
eet
Ten Years ¢
viding financing for
tinuously since 1906.
total of $15,708,814
tirely to Indians and institutions.
940, an increase of 34.6 per cent
1bs. 335,000 units by the end of the 1941 3
securities, which activity was co
s, Tenness bu., $1.
sweet potatoe on Sacks) Colorado
ions 430.15. Spanish, $1.2
OTHER LIVESTOCK
PT. WAYNE, Jan. (U. fo 30c figber; 220- 240 Ibs. $7.15; 164-180
$7.10: 360-280 Ibs Bi doo 1 $6.90; 325-350 1bs. Seis :"150-160 1bs., $6.30; 1bs., $6.80; 120-130] Ibs., $8.30; Roughs, Calves, $12.50. Lambs, :
P.). $7 30:
tage, $4.25.
dL UNITED PRESS Oil & Gas Journal estimates’ ek ended oe 28 crude oil averaged 3,369,740 bbls. daily, 'c 233,425 from previous week. i Air Associates, Inc. year Sept. 30 net profit $400,265 e $3.50 a colmon share vs. $126. $1.08 previous year; year 188800 065,112 vs. $1,860,774 previous
of Progress
Inveiimens Banking
ITY Securities founded for the purpose of providing a complete service for investors in the State of Indiana. As a result of the continuous search for satis actory investment securities, a vital function has been performed by pro-
Corporation was
Indiana corporations,
‘municipalities and institutions.
December 10, 1040 was the Tenth Anniversdry of the present management of the City Securities Corporation. incorporated on September 10, 1924 and the organization and its predecessors have been in the business of underwriting and distributing investment securities in Indiana cone
The company was
Since Decatiiber 10, 1980 the City Seentities Corporation hss underwritten (including several instances where entire issues were sold pursuant to brokerage agreements) a
principal amolnt of onfined enrations, municipalities amount does not in-
clude the securities bought and sold by the company as principal or as agent for custome ers in “over-the-counter” transactions and through brokers having memberships on the various national securities exchanges. :
Corres Couronne
{gut Sula