Indianapolis Times, Indianapolis, Marion County, 4 January 1941 — Page 11

SATURDAY. TAN. L100

NEW ALUMINUM PLANTS TO AID PLANE OUTPUT

Aircraft Makers Reveal Reason for Expected Delays.

By CHARLES T. LUCEY Times Special Writer WASHINGTON, Jan. 4—A recent survey of aircraft factories has shed light on the delays forecast by Ecward R. Stettinius Jr. of the National Defense Advisory Commission, it was learned today. Mr. Stettinius called the delays temporary and said they would be offset by new aluminum fabricating facilties now being built. The survey was made by repre-

sentatives of Treasury Secretary

Morgenthau, who has directed sev« eral similar studies aimed at speed- . ing defense production, and of the War and Navy Departments and other agencies. Suggestions. for expediting production until the new factories go into production include: 1. Reduce production of aluminum for non-defense purposes. 2. Procure from each plane builder a complete itemized list of aluminum deliveries required monthly for the next year. 3. On the basis of this information, arrange for priorities to assure necessary deliveries. 4, If necessary, place all aluminum production on a 24-hour, sev-en-day basis.

Capacity Increased

Construction now under way will provide new aluminum fabricating facilities sufficiently in advance of expanding aircraft production to meet all military requirements, according to Mr. Stettinius. The expansion will increase capacity in the various branches of the aluminum industry from two to five times that of last September, according to estimates. One aircraft plant reporting in the joint departmental survey showed the following delivery periods on certain fabricated items: Aluminum castings, 10 to 20 weeks; wires and bars, 18 weeks; forgings, 20 weeks; sheet aluminum, 20 to 28 weeks, and tubing, 28 weeks,

West Coast Plant Sought

West Coast airplane marnufacturers have urged the Government to do everything possible to arrange new aluminum production facilities in that region. One manufacturer told Government representatives that the rnost serious problem in meeting delivery . schedules on a type of boinber or- - dered in large numbers lay in procurement of materials, particularly aluminum, Another aircraft concern reported that it had been several hundred thousand pounds behind cn fabricated aluminum, chiefly sheets, needed for production. Still another West Coast manufacturer reported that although delivery promises on aluminiim parts were not satisfactory, a reserve on hand would permit a sizable bornber program to proceed. Other firms

said they were able to avert pro-|

duction difficulties through heavy aluminum orders placed months

Shipments Exceed Needs

~~ Mr, Stettinius has said ‘that several reports of shortages apparently arose from fear about future deliveries. But since September, he said, total shipments of aluminum materials to aircraft plants have exceeded the amount necessary for current military-plane delivery schedules. ‘Aluminum alloy sheet mill capac= ity, now about 8,000,000 pounds a month, is scheduled to increase to 12,500,000 pounds a month by March, 15,000,000 pounds a month in August and 22,500,000 pounds by June, 1942,

State Deaths

ANDERSON—MTrs. Josephine Poore Survivors: Husband, Charles; dwighier Mrs. Cecil Moreland; Virgil,” Gilbert and t Hartley; sisters, Mrs. Smith Kelly, frs. James Lawrence and Mrs. Mary Galamore. BLUFFTON—Wililam .: McA Sur- : Sons, Homer and ce: brother, Elza; sisters, Mrs. Ellen Sellers, Mrs. Mollle Murphy and Mrs. Cora Mitchell. NVILLE—Gaines Wallace Clutter 2. Survivors: Wife, Ida; sons, Riley, Ro and Dorris, daughter, Mrs. Ruth PAITpS: sister, Mrs. Blanche Norwood. CADIZ—Charles 2B olen, 61. Surv.vors: Daughter, . Scott Funkhouser: brothers, Lee, ers ‘Willian, and John.

ELKHART—Mrs. Harriett Ouderkirk, 50. Survivors: Husband, Stephen: father Charles Kollinger; brothers, Henry an otman Kollinger’; sister, Mrs. Yoarrie ill FRANKFORT—Ralph Kemp, iy Survivors: Wife; daughters, Mrs, Sally and yatherine Kemp: brothers, “Charles and

JONESBORO—Charles E. Horne, 77. Burvivors: Wife, Mariah; son, Mark; stepdaughtex,” Mrs. Louis Kolar. LEBANON—MTrs. Lillie Shinn, 68. Survivors: Son, Rex; daughter, Mrs, Mary Easley. ine "sisters. LIGONIER—Mrs. Emma Bailey, 97. Survivor: Brother, William Baker.

MARKLE—Mrs. Gertrude Barr, 50. vivors: Husband, Raymond: sister, yrs Vern Kendall; brother, Ray Par MOUNT VERNON—Mrs, sy H. Thompson, 87. Survivors: Son, n, daughter, Roi Harry Woodward. ._ NEWBURGH—Samuel W. Redman, 70. SUR Wife, : daughter,

iit swage and Mrs. Irene Scharger; goths Homer Seals. ASTLE Mrs, Lulu asnde Rimmee T, 51° Survivors: Husband, Lee: sons, lors oF and Alger Acton; pan at: one

NOBLESVILLE—Charles J. ‘Wheeler, - Burviyors: ao iS dagghiers, Hannah Mrs, Geor, fe: sisters Nis. on p e Frank Campbell and Mrs. Eert Kaiser; rothers, Orph and William Wheeler.

gs” OSEYVILLE—Mrs. Jenny G. Williams, mond Clifford, _ 8. and Mrs. Ray

Wo Survivors: Wife, esd so Mrs.

SHELBYVILLE—Ra Chord. Psens

rae and Jos two orge Bush, 82, as George Bush 8 eon SPICELAND—Jam barger, Tl. rvivors: Wife Eva: Nips Da oe § sipb-deughicts Mrs

step-sons, Oris, y and

urvivors: ANCE. Freeman nk. 2 I's, azel Naylor and’ Mrs, (irace Bocers:

DO YOU WANT MORE PEP?

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imu ul tion. Constipation at, low pepless teciing,

is and’ you Te not oot

Waits 15 Years, Gets Divorce

PITTSBURGH, Jan 4 . P), ~—A broken 15-year-old promise of her husband to “return in 1240” today won a divorce fo Mrs. Fanhie Shannon. : ! * Mrs. Shannon teld Judge Harry H. Rowand her husand, Louis, returned after a three-months’ ab- | sence in 1925 and said: “Well, so long, I'm leaving. I'll see you in 1940.” Mrs. Shannon wailed patiently, but 1940 came and went without signs of her husband, whose last known address (was Nashville, Tenn., and so the marriage of 23 years was ended.

RETAIL TRADE HOLDS UP WELL

Dun & Bradstreet Reports Good Interest in January Sales.

NEW YORK, Jan. 4 (U. P)— Retail consumer buying showed a “less than expected ¢lecline” this week following the liggest Christe mas season in 11 years, Dun & Bradstreet, Inc., repolted today. The post-Christmas letdown in retail trade was “legs pronounced than usual, as confilumer interest shifted rapidly from holiday goods to January sales events and clearances,” the trade guttiority said. Retail trade for the country as a whole in the current period was estimated 8 to 11 per cent over the corresponding 1939 week, compared with a year-to-year gain of 8 to 16 per cent in the previous week. “Retailers reported exchange and returns about normel” Dun & Bradstreet said. “It was noted that shoppers making exchanges often requested a higher-priced article Less Price Resistance

' “Interest in clearances and spe-cial-price goods | wis pronounced, but at the same time there was said to be noticeably less price resistance than usual. “Although down in| volume compared with past weeks, large articles in home furnishing lines, such as pianos, refrigerators, radios, -and floor coverings, continued to show good .sales increases over a year ago.” ‘Wholesalers Busy Retailers’ efforts to plug up inventory holes livened the light wholesale trading which usually goes with this period of the year, the suthority said in comment ing on: that division of trade. “Although scattered and rather small individually, oiders for sort ing-up purposes and clearance sales kept wholesalers faisly busy. Most houses were shipping a larger volume of replacement goods than at this time last year, ' Another— a generally unexpected--source of business was advance purchasin lines for which market an are scheduled in coming weeks.” Retail trade for the current week showed the following percentage gains over a year ago by regions: South 10 to 18; |New. England 3 to 7; East 6 to 12; Middle West 8 to

13; Southwest 7 to! 9; Northwest 4!

to 10, and Pacific Gost 3 to 8. POCAHONTAS COUNCIL 445 NAMES OFFICERS

Gold Mound Couricil 445 of the Degree of Pocahontas will hold a public installation at 8 p. m. Monday at the Redmern’s Wigwam, corner of Capitol Ave. and North St. New officers are Mrs. Mary MecDowell, Pocahontas; Mrs. Gertrude Ayers, prophetess, and Miss Mary. Dehne, wenongh. (Mrs, Ada F. Mann of Greenfield will be chief installation officer. Practice for public installation of officers of the council will be held at 2 p. m. tomorrow at 137 W. North St. Retiring, incoming and past officers are ate {0 shied attend;

BISHOP TITUS LOWE TO ‘WELCOME 1947’

“A Welcome to 1941” is the sermon to be given by Bishop Titus Lowe of the Indianapolis area tomorrcw at 10:30 &. m. in the Grace Methodist Church. The service is one! of several celebrating the first Suriday of the New Year. At the Broadway Methodist Church, Dr. John F. Edwards, pastor, will conduct New Year, vespers at 4:30 p. m.; while the Feast of the Epiphany will be marked by sa choral eucharist at 11 a. m. and Holy Communion af 7:30 a. m. in All Saints Catheciral.

en « res peo

ESSAY WINS PLANE

Harold W Beck, 35, clerk-treas-urer of Btone County, is to receive an airplane in presentation ceremonies at the Municipal Airport here tomorrtw at 1 p.m. Mr, Beck was awarded the airplane for submitting the best essay on “Why Young America £hould Fly,” a feature of the “Wings of Destiny” program, aired hers on WIRE. The plane will be flown here by Lieut.

: | Art Pierce. The announcement was .|made tn last might’s regular week‘Beck lives in|}

ly broadcast. Mr, Lebanon.

NAZI CHILDREN AID DEFENSE BERLIN, Jan. 4 (U. P.).—Magde-

today and it will be their duty to gather up “Colorado potato beetles, incendiary slabs, leaflets or similar articles” droppe¢ during British air raids.

LEGION CHAPTER TO ELECT

2p m Flestay at the Spink Arms Hotel. Mr. Nellie Winnings will be | hostess.

tn 3 me ps —

COLLEGE HEAD TO SPEAK.

Wilson College, Chambersburg, Pa, was to address u meeting of Wilson |

today at the Propylueum.

AUXILIARY 10 MEET

8. will meet for @ covered disk luncheon at the hoine of Mrs. Ethyl

day noon.

med —— ” if

TOWNSEND eLy B TO INSTALL

Condensed Statements of Banks and Trust Companies—Members of The Indianapolis Clearing House Association

| A The Indiana Trust Company

Statement oi Condition December 31, 1940

RESOURCES

Cash on hand anil due from banks............$ 4,640,947 58 United States government securities ....e.es.. 6,542,509 11 Other bonds and securities ...... senspessnsses | 3.003.881 07 Loans and discot nts Pests NNR t IER RINS 5,802,244 30 Bank building . 485,000 00 Other real estate owned ...coeoosseccencsstons 181,416 09 Other assets 2,233 12

Total ceeerssieavanssnscasascssnnsaraaess.. $20,727,231 27

cesses ne sess ecseNgesecsteRse

eve sesssescssccssescsseesedoncnce

LIABILITIES

estscasssusasessnsusnensanced 1,000,000 00 ° Undivided profit; 220,604 75 Reserve for inter:st, contingencies, etc. c.cce.. 115,745 20 Deposits sess ean PEER RENN shescesesvencsdenesees 18,351,192 03 Other liabilities 00000 RNR RINNNRNNRININS 39,689 29

Total esssssiliersescsssssnvesessstnssenvnse 320,727,231 27

Capital stock .. Surplus fund ..

setecsessscstsenence esses

Member F¢deral Deposit Insurance Cérporation

Security

Trust Company

Statement of Condition December 31, 1940

Cash on hand and due from banks ........ . United States government securities-........

RESOURCES

Other bonds and securities .....

Loans and discounts Furniture and fixtures Other real estate owned ....

Other resources

Preferred capital debentures ...oooveueiiinens Undivided profits Unearned discounts ...ecoeseseeccscccccsssness

LIABILITIES

“esses NNIsseERNERNINIRIIRIINO.

CR CE EE EE EE EEE EN EE)

.$1,034,673 73

907,575 83 581,955 53 2,176,263 59 20,682 01 79,777 30 15,892 22

$4,796,820 81

.$ 200,000 00 199,200 00 . 15940 69 25,824 14

Deposits Sess B00 00000000 RRR IRIRINIRITILDS 4,355,855 98

$4,796,820 81

Member Federal Deposit Insurance Corporation

Fidelity Trust Company Statement of Condition December 31, 1940

RESOURCES Cash on hand and in banks.....$1,740,858 92 U. S government seclrities...... 508,712 51 $2,240,571 48 Municipa’ bonds vesessngessnnceiess. 121,084 290 Other bonds and securities COBB RNNROINYP 185,260 20 Loans and discounts . IORI NNNbeeNNINIRINES 2,278,200 86 Furniture and i RO a 9,000 00 Real estate: Office building SENN Less reserve

250,000 00 30,000 00

220,000 00

62,522 99 282,522 99

$5,125,639 86

Other rel estate .............. Total hanking assets...

sesssenen

LIABILITIES

Capital stock Capital debentures .. Surplus, undivided pre fits and cap- : ital reserves $465,435 37 Other reserves | 12,216 17 POs § Cees sseesessssese ERs. 3 7.988 32

Total banking liabil ties ceemessesseees $5,135,030 88

84,835 37

$00 008 I 0000NLLRNNesR bess

| TRUST DEPARTMENT Trust securities ........ Leuven ater ve 8 405,524 90

Member [Federal Deposit Insurance Corporation

| .' United States government securities ....ceeevs.

Bankers Trust Company Statement »f Condition December 31, 1940

RESOURCES

Cash on hand aid due from banks .....cee0....$1,551,908 88 670,733 95 ‘561,921 02 749,675 93 980,000 00 156,109 08

Other bonds ari securities Loans and discounts cases Company's office building and banking house. . Other real esta'e owned* Furniture, fixtires and vault ...cecececccecsss 9,569 56 Other resource; ....... 609 01

Total LEX) secsvsessrvesssasssbsnnessesess $4,680,617 47

secvcscssen

*e0sesectRtRetRvRRttas

LIABILITIES

cont rrneris si 500,000 00 300,000 00 Undivided prof ts P0000 0escstevseseNNTRRsI NORRIS 45,000 00 esses ecsscccsssssscsscascsees 21,742 70 $0000 sc0esessenceseetts nse 3,794,522 28 ©000000000000000000 00000 RsEROOL 19,352 49

Ra TY TL BY

20 Rois amount $98, 858.78 represents real estate sold on contract or

¢ seseescecsse

Capital stock Surplus

sgssene 0000000000000 0000000RERRRRRNTSY

Other liabilitie:

Member Federal Deposit Insurance Corporation

The Union

Trust Company

of Indianapolis

Statement of Condition December 31, 1940

Cash on

RESOURCES

hand and due from banks

United States government obligations.........

Piper bonds and securities Loans and discounts Bank building

esas ecce “essences ssteense

sess vesssssenssnen

Other real oe OWNed..coeeeeesssasessseses Other resources Sessa ten COTA RNRNININ

Totai resources ....

LIABILITIES

..$ 9,417,050 00

7,309,500 81

evecesseces "$26,010939 17

Qapiial BLOCK overs oriveiiiitnissinsnne cssuserisd

lus Un ivided p:

esses sr ssesessscnresesae seccssssssnes

EEE cesnotess

Dividend os January 1, 1041. .00000000000

ts ig liabilities

s8ssseesesnn sass RN Ne

. ee rr urevseetyeeadery or

Tota: lMabilities ....ccoeoevcccscicscecces

Trust jeal gsisie Bia es en ea Sveesuragra ses Trust sec e, Trustee corporation mortgages cessesessacevsee 499409015 0 Registrar stocks . 11,640,967 00

TRUST DEPARTMENT

ess esess ences vescundtives vy

.$ 8,660,610 00

. 25,733,453 85

Member of Federal Deposit Insurance Corporation

‘Fletcher Trust Company

Statement of Condition December 31, 1940 BANKING DEPARTMENT

Resources

Cash on hand and with Federal Reserve antl other banks United States Securities ses eseses 10,499,307 07 State and Municipal Securities ....vs000... 2,365,185 72 Other Securities cesennnsees 2,516,723 75 Stock in Federal Reserve Bank .... * 90,000 00 Loans and Discounts 5,600,702 78 Bank Buildings (8) and Equipment. . 1,096,696 4 Other Real Estate 564,208 88 Other Resources 7,515 01

$47,421,663 87

$24,582,232 94

e800

Liabilities $1. 500. 000 o

0,000 00 1136621 19 8 3328, 627 19 8,757 82

Capital Stoc ; Preferred Satitai Debentures . .. Surplus and Profits

Re for Dividend Payable January 1, 1941 Accrued Interest

$47,421,663 87

‘TRUST DEPARTMENT

Trust Funds Invested ..... Yeviess $20,275,173 12 Trust Funds Uninvested ... ve 25,572 19 Custoniers’ Securities .... . 2303943 75 Corporate Trus veasenssss 35,996,672 00 Real Estate Trusts ....... sssnrens 5,062,673 27

Member Feders]l Deposit Insurance Corporation

Make Your Spring Repair Plans NOW

burg school childrer swere given the|| rs. | status of an auxiliary police force||

The Hamilton Berry Chapter of | 5. ‘| the Service Stal’ Legion will elect | officers at its January meeting at |

President Paul Swain Havens of

graduates in Indisna at 1 p. ‘m.|

The Golder. Rule Auxiliary, O. E.|

Oemler, 2801 N. Delaware 8t., Mony

: CCH, eeeriesianuaniogenea. State sesesesscesene

Whethe r your home is of brick, of stucco, or frame—. -no matter what type of architec. ture, you're probably thinking about needed repairs when winter’s over and spring is here again.

The Merchants National Bank

of Indianapolis

Statement of Condition December 81, 1940

RESOURCES

Cash on hand and on deposit with Federal

Reserve Bank and other banks ....

.$20,808,521 86

United States government securities .......... 10,429,529 28 Other bonds and securities ....c.ccceeeneeencse Loans and discounts “esc esstv0e0sNeqREINRRRRe Bank building 00000 0RRRNORRRRRNRRRRRRNNORNLIS

Total veisensaessessvssssessassessesanserys«545,046443 9

LIABILITIES

3,656,057 49 9,252,335 16 900,000 00

Capital Cessseerssabssesvenssnersseensnrsesres sd 1,250,000 00

Surplus . Undivided profits .....

Reserve

ssssncee Sess esesvessscee

for taxes, interest, etc. c.cceeevececes

$9980 000000000000000000000000000000000 1,250,000 00

1,258,555 10 250,027 40

Deposits $5956600000030204000000000000000000002¢ 41,037,861 29

Total

. $45,046,443 79

Member Federal Deposit Insurance Corporation

The Indiana National Bank

of Indianapolis Statement of (Condition December 31, 1940

"RESOURCES

Cas) 4 om. hand and on Yepoet '

other an] 9.0. 817,034 76 U. 8 vernment sccurities... 65,353, '360 4 $126 J20308 2 Other’ bonds and securities... .. eda nie .. 14,136,221 Stock in The Feders) Reserve Bank.....e.... 270 a 0 Loans and discoun 16,539,578 34 Bank’ batiain 1,195,000 00 ‘Other real te owned 5 00 Accrued interest receivable and other resources 182,942 60

| $158,494,142 68 A LIABILITIES Capital Bless fin enrnprrssusees ef 000.000 18 Brrrarenere 2.360.783 6 $ 11868783 69 Resery 000 00 Interést, t taxes "and other expenses "accrued Dividend ps able Janu 2, "1941. rraaves ; 00 Deposits pay yy sevaieneineses 144,777,787 14 10,060 73 - $158,494,142 68

Member Federal Deposit Insurance Corporation

The Inlianapolis, Times has a brand new

booklet for home-owners titled “Home Repairs.”

It contains directions for making simple household repairs inside and outside, painting, carpentering, plumbing, cementing, electrical work, tips on insulation, heating and other necessary information about housing.

Just fill out the coupon and put 10 cents in the env elope.

Srreswwnunmn Cut Here

The Indianapolis Times Washingto1 Service Bureau 1013 Thiricenth St., NW Washingtcn, D. C.

Enclosi d find 10 cents for one copy of “Home Repairs.”

1 -

Name alerts Tee Eye rr Cera

Address dia Eset Ee Pda as vee

American

N ational Bank

at Indianapolis

Statement of Condition December 31, 1940

RESOURCES

Cash on hand and on Yepoelt with Fadera) Reserve Bank and other

United States Other bunds

Duck BE

Ban bugs Customers letters Accrued

Preferred stock SPRINT RNERRIINRINSRRNOIIILINS Common

iS ss. AED Sl securities........ shnstensevee eral Reserve

F Bal SONNEI ts and equi bility i) yo of credit

LIABILITIES

$0000 NNNENNONENRNRIRIINIINIIIOIITS

Bra ay aa soa

veessenss es

. sees ssssssvssenscscnsssssenslosenese

.. $23,825,220 65 14,981,919 84 448 7 85,800 00 9,788,472 80 909.478 80

22,195 81

interest receivable and other resources 84,811 17

$50,500,345 85

38 8

- oo — oS

BER38E 2I282IRS=S

gis 83 HE ala

i 1

The Peoples State Bank

Indianapolis, Indiana Statement of Condition December 31, 1940

RESOURCES

Cash on hand and due from banks ......s.....$ 622,727 13 United Stats government securities ........... 57,350 00 Other bonds and securities....... cicotnntnecne 169,873 58 Loans and discounts “sess ecsscncebsstes 1,667,804 07 Bank buildtag and equipment 2000000000000 RNS 257,240 28 Other real state sevesssssssbece 490,966 02 : Accrued interest and other 858t8...eceererrneee 5950 19

Total rescurces cesnieiisecnrrsevensnenaness. $3,831,001 97

LIABILITIES

Capital and debentures ...........$365,000 00 Ondistributeéd earnings ............ 14,387 13 i Reserves . 48,045 71 § wun u ‘9,708 41 Jusarhed QIBOOUNE ....cuvvrencsansasnnvenneese 4565303 Deposits . see renesnsegeesusesesreateseanasss 2345213 70 ©

‘Total Habilities prereset IRS