Indianapolis Times, Indianapolis, Marion County, 13 January 1941 — Page 5

BUSINESS Food Costs Rising Here,

Labor Department Finds.

——— By ROGER BUDROW ——

MOST INDIANAPOLIS HOUSEWIVES REALIZE that food costs have been going up recently. But the surprising fact revealed today in the Bureau of Labor Statistics report is that prices here' have advanced almost twice as much as in the

average large city.

Bgtween Nov. 12 and Dec. 17, 1940, retail food costs in Indianapolis advanced 2.4 per cent compared with 14 per cent in the average large

city. Food prices].

here on Dec. 12 were. 5.1 per cent higher than- on Jhe same day a ‘year before. The national advance was 2.4 .per cent by Dec. 12. Dairy products led the price a vance herd) having risen 9. * per cent between Nov. 12 and Dec. 17, the report showed. Other in‘creases included eggs, 5.9 per cent; fruits and vegetables, 55 per cent, and sugar, 1.4 per cent. Some kinds of meat were higher, but the average dropped 1.2 per cent during this period. Other decreases reported were cereals and bakery products down .9- per cent; beverages .8 per cent; and fats and oils .3 per cent. Nationwide average increases reported were meat .1 per cent; dairy products 4.3 per cent; fruits and vegetables 3.4 per cent. No change was reported for cereals and bakery products or beverages. Fats and oils had an average drop of .1 per cent.

Roger Budrow

” ” 8 JOBLESS HOOSIERS received $9,437,170 during 1940, which is 7.6 per cent less than they received through job insurance benefit payments the year before. But general improvement in ‘business does not automatically cause great reductions in benefit payments, according. to Wilfred Jessup,

director of the State Unemployment Compensation Division. When employment is af high levels, more workers can qualify for benefits during seasonal layoffs, shutdowns for model changes and other periods of temporary unemployment.

” # ” ODDS AND ENDS: Cotton men expect the Government to cut down even more on the acreage allotment.

. « « Railroad shares, ofdinarily re-| 3}

garded as poor hedges against inflation, are being bought heavily (average rose $6 last week) because / the excess profits tax is more leni-

ent on railroads than most heavy 5

industries. . . . More than six million bushels of corn were ground up during December for starches,

syrups, sugars and other such prod- Atchison

ucts. . . . More tropical orchids are being bought by U. S. florists because of war in Europe, but the southern blooms must be carefully inspected for insects and fungi. , .. Puget Sound Power & Light Co. $6 preferred stock dropped $7 last week when negotiations started for sale of the utility to Government power agencies. (Many of its customers are in thé Bonneville public power project area.) Because it thinks the men who operate the bere -lathes it makes aren’t getting the most out of them, Warner & Swasey Co. of Cleveland is getting out ‘a monthly magazine, sound films and .a big manual to teach the men the newer technics. . Electrical World says private and municipal ‘electric light power companies will spend $724,110,000 this year, 42% erating facilities. . . . The Wage-

Hour office here (108 E. Washington |=

St.) has free copies of a pamphlet | telling how the 40-hour week affects the 370,000 workers in Indiana. |

NEW YORK, Jan. 13 (U. P.). —| Dun & Bradstreet’s daily weighted | price index of 30 basic commodities, | compiled for United Press (1930-32) average equals 100): Saturday .......ccevsvisvnece 124.86 Week ASO ....cavesseonsnsess 12493 MONth ABO ...evsnvessnssss=r 12331 Year Ago es . 12234 1040-41 High (Jan. 9, "1941) .. 125.21 1940-41 Low (Aug. 19) ....... 112.42

EXPECT 3000 U. S. PLANES LONDON, Jan. 13 (U. P.).—Three ‘thousand American planes will be flown to England in the next six

months, the air expert of the Sun-| day Times estimated yesterday. Eventually we shall hope to receive this number of airplanes every, month,” he added.

'GOODYEAR TIRE C week

AT REDUCED PRICES TERMS AS

‘LOW AS

BLUE POINT

DELAWARE!

Armour Il ..

Cerro de Pasco. Cert- igh 6 Br Df.

for new gen-|;s ae 1 Bomwih, & So 13516 © “s

{Cont on De Sopweld Steel.

[Crown Zeller . :

DAILY PRICE INDEX cu

fCurtiss Wr ..

pf | Det Edison

El Pw & L $7 pf 34% Pub S..

Flintkote | Foster Wheel ..

| Hayes

y HO pe Houd-Her Houston Oil ... Howe Sound .

20) 3 VEIT;

New Budget: 17,485,528,049

1930 1935

For Fiscal Years

p777] 1941 |

ARMY NAVY Misc.

Defense

Othe

AAA. V.PA.

World War Peak: $25,482,034,419

1920 1925

in top chart.

the current fiscal year.

thie public debt to an estimated 58 billion. debt limit, already boosted from 45 to 49 billitns, would have to be ghanged again or removed’ ¢ntirely by Congress,

: By June 30, 1942: 8,367,065,956

$49,000,000,0

LI DE

1930 1/1935

To take care of this,

r ies | rnd

Agenc

1940 1942

EEE ICT]

1940 1943

| President Roosevelt's $17.485,528,049 budget is second highest in U. S. history, being topped only wby the war Center chart shows how 61 per cént of the new budget goes to defense, and compares principal expenditures with those of The new budget would create a deficit ra sing

car 1918-19, as shown

the

{

~TTOP PRICE FOR HOGS I$ $8.30

25 t°40-Cent Gain Made in Porker Sales Here; 7811 Received.

The combination of good demand and light supplies sent hog prices 125 to 40 cents higher at Indianapolis Stockyards tod cultural Marketing Service reported. The top price soared to $8.30. for good and choice 220 to 230-pounders. Weights between 220 and 260 pounds shared the full 40-cent advance, ?» The Marketing Service estimfted 1733 salable cattle, 526 calves, 7811 hogs and 1824 sheep were received here today.’

Top. Receipis:

cer snsesseressasess. 3748 . 140 .45

Jan, 13 ... La Barrows and Gilts ! 900 i40°3°8 50-7. a he BY e '90- 1.10 7.10 .60- 6:70- 6.00 6.50- 6.80

05- 6.25- 6.60 .60- 6.00- 6.35

.45- : 40- 75- 6.50

7.25Slaughter Cattle Steers

- ”

Bulls i res Yearling, excluded) eef-— $12.15-14.25 Good 7.90: 8.40

13. :50- 14.50/S 1100- -1300 4.90/Sausage— 1300- 1500 .... - '7.50- 8.00

1100- 1300

1300-1500 12.50-13.50 nd

oice 0-11.00 Common a 8. 330- 11. 00° Wedium . 600-8 .50

00- 8.00 7.25- 8.50i Wi id and : eke Lattls

(Rosen IS 36)

Shoice— 9.50-10.50

C00 “50 11.75-13.00 500-800 oy 10% 9.50-10:50 8.75- 9.50

G7 750 10.25-11.75 0+ 800 pd 8.75- 9.50

ch Helters 300-1050 T30- 000 11.75-12.75\%650 4600 8.00- 8.15 Good— Co TEI lie 750. 900 10.00-11. 5, “S00- 9 7.00- 8.00 Hho 85-1000) god ee (ike ommo : 500- 900 6.75- 8. 25,3 330 Jown. 9.50-11.50 Cow a M00 down. 8.00- 9.50 0- 8.00f Calves (heifers) 8 1 7.00/Good and choice—Cutter and S00,

5.00 6.25 Sewn. 8.50-10.50 common - Canner.. 4.00- 5.00! 500. own. 7.00- 8.50

SHEEP AND LAMBS (Receipts, 1824)

0-1 1300 1300 Crs0-1100 Stegss. Heifers

$10.25- 3. 50 9.25-10.0

Good and shoice «4 ? 7.75- 9.00

Medium and

Yearling Weathers 9.00

High Low

By |

| Net Change

- BE Att Lad et et

thE

Aix Roll Mill. 1 Ara Roll M cv pf 72Y pb 3 45%,

Cara Leet

- @

Armstrong. ck’.

BIL hens aT

Line Ariafion Corp .

ald °3 ct. Balt Ohio ...

bt bt 00

©“ 6 C00 TIBI ON His in 00 += CO J OO CO UT ie OO

BN NNER ew

—

B® vt

butte C &

‘elotex

Wa 0302 D2 LAN IO

‘hes hi °e % vf.. hi Pn Tool ot Shi RI&P Chrysler Soca Cols .....105 Jolgate EF P “ol Broadcast A 21% Jolum GéEs .... 3a “om Inv Te o's 31%

PEI HH

S=3 So -

— £a< aE

Smo mms a

“om Solvents . 23% a cont M . 20% 11% Corn 52Vs Crane Co on pt. 105% Crosley Corp 5 14%, 4 7

+1: :

Curtis’ Pub ae 1s Curtiss Wr A. 28% cul b Am Sug pt 462 aD Ya

| D&RGW

ve Ya 115 115

34% Eng P Erie 1 pf ... 1% 1% —— 44Y, 44Y4 213% 21% 189 2 \ 18% 14% 14% 19 —G— 5% .136 24% 47

Fair Morse .... Fed Dep gt. Firestonz T...

1245; Yo 347% 39%, 8

4 7-18 28%, 1234 3%

Gar Wood Ind Gen Bak pf Gen Cig ar pf. 3 Gen Electric -. Gen Foods. .... 3 Gen Motors. ... Gen Rty ae Gen Refract . &ZR.... 1

Gen . Gillette % R. h Goodrich || Goodyear

|| Graham -Pai I|Gt Nor:h pl | Greyhouy 1 | Grevnnd 5% “bt || Guant, Sug

MIZE «.. Herc Far’ fa

B'.. 13Y 4Yg ls «32 31a

& MADISON

Int Ag pr pf ..

43 43

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No extra charge of an kind for credit pases is. Frice is same as for c: Sh No interest, Da ea) charges.

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UNITED PRESS — |

DOW-JONES 36 INDUSTRIALS Saturday Week Ago Month Ago Year Ago High, 1940-41, 152.80; low, 111.84.) High, 1939, 155.92; low, 121.44. & 20 RAILROADS 1 29.65 28.40 27.62 30.33 il, 82.67; low, 22.14. ' 35.90; low, 24.14. 15 UTILITIES

Saturday Week Ago Month Ago ....... Year Ago High, 1940 High, 1939,

Saturday Week Ago Month Ago .| Year Ago High, 1940-11,

20.53 20.05 19.93 25.03

ls |

7 Int M Marina .

Ye 7: Val RR |...

: | Macy R H 4 . | Martin i nn) 302 2 | Martin V,

26.45; low, 18.03.

High, 1939, 27.10; low, 20.71.

STOCK AVERAGES

-—0.10 +0.43 fi =—1.24 —0.54

Sood and thoite 7.50- 8.50 Ewes (wooled)

Good and choice Common and medium .. anes “ess

CHICAGO LIVESTOCK

Hogs—Receipts, 16,000; closing active and 25 oe 40 Rem highex bulk good and choic 160-240 lbs. $7.75@8; top, $8.1 most 240-270 lbs., [email protected]; 270-300 i: [email protected]; sows scarce around 25¢ hi her; most 400 lbs. and down $6.710@7: smooth light u ward to $7.10; biilk 408-500 1bs., [email protected] heavies, $6@6. Cattle—Receipts, 15,000; De. 1000; fed steers and yearlings strong; instances 10 to 15 cents higher on strictly good and choice offerings; trade closing fairly

. |active; largely [email protected]; only moderate

$14; several "loads, however, turning oy “14, 50@ 15. 25, with extreme top $15.40 paid for prime light steers; long vearlings, $14.35; heifers, $11. 50, fed heifers strong in ‘face of sizable LE instances higher en medium to £2 ood grade heavy heifers; light toss. $9.75@11; all othr classes fully steady; cows scarce; ‘cutters active at $6 down and most beef cows [email protected]; weighty sausage bulls up to $8 on active trade; choice vealers to $13: not enough stock cattle here to make

a market. h Receipts, 6000; active; fat lambs SD load lot fed

supply ab

High

Low 8% [ 26

| Kelsey-Hayes A Ji {| Kennecott {Kresge SS |...

17%, 35% 26 ¢

2% 2%

17,

Parry ..

: Minn-Mol pt

Mo-K T es Mo-K Tex pf... Mo Pacific ... Monsanto 87 Mont Ward |... 3

. Nat Biscuit ....

8 N ey Centre! ... 14 N Y NH&I pi

JJ No Pacific ..

Norwalk T.... 2% aC Otis Steel 10%a 10% Owens Ill Glass 48 48% - —P Pac Am Fish .. 8% Pac G&El ..... 28% Pacific Ltg .... 39% Pac Tin kard |

8 28%

‘R Lt Pere Mqt br Phillips Pit Phelps Do opse Phillips prt Procter Dn J

Pure O 5 pod

rfl afeway 5 pf...11235 112% chenley Fst . ve 319 1 » bd Oil 151

15% 10% 4

Wd oie BN 0.0 dr

Swift fal”

Talcott J. Texas Col p. . Texas G 20th Cen; “Fox. Twin Cozth

off ot . a2 3 8% lle

ish... 4% . 84% . 4Yy . 101 . 3] rou 1%, «23% 64

34Y, 84 41

Virginiar. Ry pf 2A “aay —We— 7-16 7-18

Wabasit | of T of, 115 115

FHHEL HD

: +4

+: 1 ++:

.culls down to $5; slaughter ewes, 4 nhs

worth . : Worthinaton'

15¢ to mostly 25¢ higher; Western lambs, [email protected]; early shipper top, $10.50 freely for good ta choice under 100-1b. weight; fat yearlings absent; deck feeder yearlings, $8.25, moderately sorted; nothing done early on deck fed Western ews.

OTHER LIVESTOCK

CINCINNATI, Jan. 13 (U. P.).—Hogs— Receipts, 3425; market active; weil Bis from -.160 lbs. up 30e CD than Frida cows 25c¢ hi Bett for good nd choice 160-250 1bs.; w "i004 Joe $6.25@";

ket fairly active, steady to strong market on practically all grades and, classes; some cows strong to higher; rood steers and heifers frequently around [email protected]; medium and good bi beef cows, [email protected]: medium and good sausage bulls, [email protected]; vealers active steady; good and choice, $12@13. Sheep—Receipts, 150. supply’ very light string to 3% higher than last week's close; good to ch Ari trucked- )Ds {igh os $10 .to at least $10.2 mon and medium, $7.50@9. Fo

FT. WAYNE, Jan. 13 25@45c higher; 210- 2230 1b: bs ‘84; io: 1005310 ; 160-190 lbs. : 230-250 Jos ’

400 1bs., $7. 150-160 lbs., $7; 140-150 $6.75; 130- ¥ lose $6.50; 120- \30 1bs., 36. 3: 100-120 lbs., $6: _Toughs, $6; stags, $4.75 Calves, $13. Lambs, $10.

U. S. STATEMENT

WASHINGTON, Jan. 13 (U. PB.).-—Gov-ernment expenses and receipts for the current fiscal year through Jan. 10, compared with a year ago: Last Year

is Yea ..$5,540,151, 351. 74 .73,057,549.761.91 2,482,601,589.83 . 2,446,173,289.83 2,156,160, . 1,740, 502,768.91 2 420,109, 113.38 1,151, '464.81 . , 9 7.884,729.31 Gold Res. .22, 034. 098. 013.17 17,747,462.598.56 Customs .. 168,907.544.24 '192,863,835.54

Expenses Receipts ros Def...

$5,

INDIANAPOLIS CLEARING HOUSE Clearings 4

FOOD PRICES

CHICAGO. Jan. 13 (U. P.). Apples— Michigan Jonathans, bu., $1. 15@1 .35. Celery—Michigan, squares, 40@85¢c. Tomatoes —Cuban, lugs, $3.25. Spinach—Texas, bu., 60@90c. Caulifiower — California, crates, [email protected]. Carrots — California, crates $2,503, 40. Lettuce—Arizona. crates, $3.19 @4.25. Sweet Potatoes — Tennessee. bu $1.95 [email protected]. Onions (50-1b. sacks) Tilinois Yellows, 75@90c; Minnesota Yellows, 75¢: Towa Xeliows, 75c; Wisconsin Yellows, 650 75c; Michigan Whites, 3 [email protected]; Colorado

A Sweet Spamsh, [email protected].

Net Last Change 21 — _% 108 1 Yao

Ye 3%

Low West Union” 213, Lk E pt.. White Mot .... Willys Over ... Willys Over pf Yood Iron ...

Yale & T...... Flow TH. «ees Yng 8S Yng Sheet .... 40

AUTO and DIAMOND |

LOANS

and Refinanting 20 MONTHS TO PAY

Wolf Sussman, Inc.

239 W. WASH ST. EE RY IA EES TINUE EOL YE 7 Bt

Opposite Statehouse,

, the Agri-|

ted |

_— N itomeiahi

50. Union

~ Halford W. Howland is the new president of the Indianapolis Manufacturers” Representatives Club, succeeding V. E, Eilers as head of the local food brokers’ organization. H. L. Hasbrook is vice president; Joe Cummins, secretary, and H. E. Stanton, re-electtd treasurer.

STOCK TRADERS HUNT FOR GUE

Prices Are Irregular Some Idea of Trend Is Awaited.

NEW YORK, Jan. 13 (U. P.).— Stocks moved irregularly today with volume light as traders awaited more definite indications of trend. Steel shates were firm with U. S. Steel at 69, up 9%. and Bethlehem at 88%, up %; DuPont was up more than a point. Small gains were noted in American Telephone, International Nickel, Chyler, Montgomery Ward and U. S. RuBber. Westinghouse Electric Jost 2 points and declines of a point and more were noted in Hercules Powder, Inland Steel and Union Pacific. Small losses were noted in some aircrafts, coppers. and air line issues. Rails, with exception of Union Pacific, generally were firm. Utilities were steady. There was nothing in the news to affect the market, Dullness was at-

o | tributed to uncertainty over ability

of the market to continue its rise. Chart experts held that if the November highs were not penetrated on volume the list would resume a downward tendency.

WHEAT STEADIES AFTER WEAK START

CHICAGO, ‘Jan. 13 (U. P.)— Wheat prices on the Board of Trade developed a steady tone following a slightly easier opening. Soy beans advanced fractionally while other grains showed small losses. At the end of the first hour, wheat was off % to up %. Corn was off 15 to %; oats off 3s to 3; rye unchanged to off %, and soy beans up % to 4.

LOCAL ISSUES

The following uotations by the Indlanapolis Bond & ale iL do not represent actual price o erings. but merely indicate the aD market evel based on ls and selling quotations of recent tran Stocks Bila Ask nce Corp com.... 7% t ds 54

.. 55 f2 9

Agents Fina Belt RR &

medium and | Hom

Ind Pub Serv 1% Progress Laundry, Pub Serv Co of nd "6 % pias. Pub Serv Co of Ind 7% pid.. © 36% S80 Ind G&E 4.8% ptd 3 Terre Haute Elec 8% pid.... 99 Title CO COM.... seuss 30 Van Toamp MIE DE esrenaes ® Van Camp Milk com ...eecee Bonds Bl.ccoeeece. 99

46 ....c00..100

lB ..105 100 sta,

LOCAL PRODUCE

Heavy breed hens, 12c; bareback hens, 1c; Leghorn hens, 8c; bareback Leghorn hens, 7c; Barred and White Rock spiifigers, 13c; other colored heavy - breed OUD 12¢; Leghomn oiJringers. 135: areback sprin ers, roosters, Indiana aa A large hy 18c; Indiana Grade A medium Ne 16c; Indiana small Grade A and eggs, 12c;

Rr ter No. 1, 321,@34c: No. 2, 31% ter—No. Cc; 0. 32c; butterfat, io. 1, 2, '29¢. 2

” CHANGE URGED

30-Day Notice of Revision In Contracts or Conditions Asked by Leiserson.

WASHINGTON, Jan. 13 (U. P.).— National © Labor Relations Board Member William M. Leiserson today suggested a new defense labor policy based on a centralized Meceral mediation service. He would have matiagsient and

labor voluntarily agree to give 30days notice of any proposed changes in contracts or working conditions, but it is opposed to outlawing strikes and to proposals for a “waiting period” before a strike can be effected. ne He opposed compulsion of labor to remain at work because, he said, men work best and produce more without compulsion. Further, he contended, laws to prohibit strikes would be unnecessary if machinery is provided for prompt adjustment of grievances and negotiations of reasonable demands.

Legislation Discussed

His proposal came while Congressmen were discussing plans to introduce legislation to cope with labor disputes in defense industries and which range from a “wait period” before strike action to legal

prohibition of strikes. There were authoritative reports that Senator Robert F. Wagner (D., N. Y.), sponsor of much of the Administration’s social legislation, would delay introduction of a new Federal mediation bill until after conferences with defense chieftains William 8S. Knudsen and Sidney Hillman.

Labor Leaders Watchful

A. F. of L. President William Green said his organization would fight any attempt to restrain by law its right to strike but “will act —and has already acted—voluntarily, as a matter of patriotic policy, to avoid and abjure strikes in order not to impede production.” C. I. O. President Philip Murray also opposes any laws restricting the right to strike because he considered them unnecessary and ‘“undemocratic,” and believed that American labor and management had demonstrated its ability to work out disputes “freely without any restraints.” ? :

CITY TO NEGOTIATE NEW FUEL CONTRACT

The City today prepared to negotiate a new quarterly gasoline contract which would provide motor fuel for all municipal departments. City Purchasing Agent Albert H. Losche informed the Works Board that the current contract, under which the City pays. 11.23 cents a gallon for regular and 12.02 cents a gallon for premium gasoline, expires Jan. 31.Mr. Losche said he had information which indicated a price rise in gasoline this year. Board members instructed him to investigate future gasoline costs and to prepare estimates of the quantities needed for the period from Feb. 1 to April 30. The City has been buying gasoline under joint contract through which fuel is supplied to all departments by the lowest bidder. The present contract is held by the Crystal Flash Petroleum Co.

Shell Oil Holds Sales Meeting

Executives, salesmen, agents and field staff of Shell Oil Co.’s Indianapolis division held a meeting at the Indianapolis Athletic Club today. J. L. Wadlow, division manager, outlined 1941 sales plans.

Salesmanship

.|Classes To Open

Registration for two new classes

M. Oakley of Indiana University will instruct the classes which will meet once a week for six weeks. Sponsored by the Indianapolis School Board, the classes will utilize sound pictures made by Dale Carnegie and Dartneli-Brobuck. Registration fee is $2.50.

SEAT PRICE UNCHANGED NEW YORK, Jan. 13 (U. P.).—A membership on the New York Commodity Exchange today was reported sold for $525, unchanged from the last previous transaction.

(Country pickup Brices quoted » the Wadley Co.).

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A. J. Kratky has been appointed district manager for Indiana by Frankfort Distilleries, Inc., of Louisville, Ky. Mr. Kratky, formerly Frankfort district manager for Michigan, succeeds C. G. Conn, who has been transferred to Memphis, Tenn.

$69,809,799 IN ISSUES ON SALE

This Week State, Municipal Financing Exceeds Last Week.

NEW YORK, Jan. 13 (U. P).— State and municipal financing scheduled for this week aggregates $69,802,799, compared with $23,889,765 for the past week, the Daily

Bond: Buyer reported today. The weekly average of new offerings for 1941 to date now is $18,419,480. Housing Authority obligations will comprise . the bulk of next week's offerings with the City of St. Louis offering $2,375,000 in relief refunding bonds tomorrow. Corporate financing, which swelled to more than $30,000,000 in the first full week of 1941, is expected to top $50,000,000. Heading the list of issues anticipated is the $28,0,000 Jones & Laughlin Steel issue, which is expected Wednesday. The $12,000,000 flotation of 2%s of Consolidated Gas, Electric Light & Power Co. of Baltimore also is expected early in the week. On Wednesday the: Pennsylvania Railroad will consider bids on an issue Of $11,925,000 in 1-to-15-year 1% per cent equipment trust certificates and on Thursday the Elgin, Joliet & Eastern plans to sell $2,900,000 of 1-to-10-year certificates. Other roads, notably. the New York Central, are expected to issue equipment trust certificates.in the very near future.

Incorporations S

Medora Brick Co., Brownstown, reorganized under General Corporation ‘Act of 1929; 720 shares no par value Indiana: Thofoughbred Breeders’ ciation, Inc., hamber of Commerce Bldg.. NE atl no capital stock; Dr. Harry Jones Russell Fortune Jr., Mrs. William A. Rafferty Gary Trust and ‘Savings Bank, Gary: amendment of articles of incorporation. D., Inc., Citizens Trust Blde.. Bloomington: agent, Q. Austin East, same address: 2000 shares preferred of $100 par value, 3000 shares common no par value; ming and manufacturing minerals, oil, gas, ndiana Associates, Inc., 1048 Consolidated Bldg., Indianapolis; agent, Samue Kroot, same address; 100 shares no par value; operating hotels and Fesiattanis; Bare] root, Martha Woddell, C. E. Gilam

FOREIGN EXCHANGE

YORK, Jan. 13 (U. P.).—Following are noon cable rates on major currencies: Cable ates Net Chg.

Asso-

(pound) ( oar)

WAGON WHEAT Iindiananolis grain elevators are naving for No. 1 wheat, 83c: subject to market 2hange; Shel grades on their merits casp corn: pa No ds new vellow shelled corn

U. S. Rights in Singapore ‘Also Discusssed With ‘Lend-Lease’ Bill.

WASHINGTON, Jan. 13 (U. PJ. —Proposals that the United States acquire sparsely-populated but: strategic islands in the mid-Pacific as collateral for the lan of wal materials to Great Britain accom-

panied discussion of President Roosevelt's “lend-lease” bill today. Some even suggested acquisition of/ rights in Great Britain's Far Eastern stronghold at Singapore. Administration leaders already have turned thumbs own on the acquisition of British islands in the Atlantic and Caribbean. Chairman Walter F. George of the Senate Foreign Relations Com=mittee said the Caribbean islands, with huge native populations and economic maladjustments would be , a liability rather than an asset.

Pacific Threat Seen

Delegate Samuel Wilder King, Hawaii’s representative in Congress, pointed to islands in the mid-Pa-cific and the South Seas as preferable objects of American territorial acquisition. “These islands may seem distant and lacking, in immediate strategic value,” he said, “but in the hands of an enemy they would be a vital threat to our western frontier defenses. They have high strategic value for the protection of the Panama Canal and for the defense of American interests in. the Pacific.” He pointed out that the Gilbert, Ellice, Phoenix and Tokelau island groups spanned the South Pacific in a curve pathway from the Japanese-mandated Marshall Islands to Hawaii's outskirts. Many of® the islands have excellent harbors and lagoons, suitable for naval airbases.

HUDSON TO OPERATE ORONANCE FACTORY

WASHINGTON, Jan. 13 (U, P.) — The projected $14,000,000 Naval ordnance plant in the Detroit area will be operated by the Hudson Motor Co. and ‘will employ 2000 to. 3000 men, it was understood today. The plant will produce machine guns, mounts and torpedo tubes. Full details of the program, originally announced by the Navy on Dec. 14, were not available;immediately. It was indicated that an announcement may be made $oon. Rep. Jesse Wolcott (R. Mich.) said the only information he had concerning the project was that the plant will be located at the intersection of Nine Mile and Mound Roads in Warren Township, Macomb County, Michigan.

JERRY WIEMER and VIRGINIA STEWART Have Recently Joined Our Staff

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337 Mass. Ave. 8A M to8P a No. Ape Necessary.

Rheumatic Happy; Relieves Pain Quick

and neuritis ther discovery of NURITO. N found a quick-acting | ula w!

Beauty Salon,

L rg joy a relie! * peace and sleep in co, 1 URITO under this ironclad { hihi If the very first three doses do not relieve that cruel pain to satisfaction—your money will Le

NY ew No. ‘white shelled corn. 68c: No 2 white One 3 32¢c.

Refund Pon’ t suffer. Ask your druggist or NURITO on this guarantee.

Hunting Boots

KINNEY’S

138 E. WASHINGTON ST.

KNOERLE TIRE CO,, Inc.

2421 N. Meridian St. gy GT

Distributors for

UJ. S. TIRES

Exacting . . . WATCH REPAIRING AT LOWEST PRICES STANLEY JEWELRY CO.

M3 W. Wash. * Lincoln Hotel Bde.

Make Webdworking Your Hobby. Use

DELTA MOTOR DRIVEN TOOLS Exclusively at

VONNEGUT'S% 120 E. Washington St. USED TIRE

BARGAINS aman T5¢

GOODYEAR SERVICE STC2E

Delaware at Walnut R1-1436

GEO. J. EGENOLF MACHINIST 181, W. South LI-6212

"MARILYN FURS

A Better Fur Coat For less Money!

2440 N. Meridian St.

TRY A ant.aDiIN THE Tite

$2.98, $3.98, $4.98

FUR (OATS ION TIAN A aa) ] in the State

INDIANA FUR GO.

29-31 East OHIO St.

OUTFILTERS TO MEN, WOMEN and CHILDREN

HE MODERN CREDIT STORE

129 W. Wash, 0930s Sheets:

Is Opposite Us ELINED on ne | wars LEON TAILORING CO.

235 Mass. Ave. SAXOPHONE Instruction

{ =

INDIANA MUSIC CO.

; 115 E. Ohio St. LL 4088

Men's

WHILE THE REST OF "THE TOWN SLEEPS

HAAG'S ALL-NIGHT DRUG STORE 22d and Meridian

IS OPEN

a ——————— ER

LOANS

THE INDIANA TRUST £0. Allied With The Merchants National Bank

34: *3 for

LEVINSUN

¥: Wil, BRING RESULES |