Indianapolis Times, Indianapolis, Marion County, 18 January 1941 — Page 10

. ~ Indiana Banks Depend On Their Investments

By ROGER BUDROW

| INDIANA BANKS ARE GREATLY DEPENDENT) on fhe money they receive from stocks and bonds, according to statistics in the current issue of the magazine, Hoosier

Banker.

a Gre

i § 1]

reat Deal] in Securities

The information, compiled by the Federal Deposit Insurance Corp., shows that banks in 33 other states are less dependent upon interest and dividends from securities than

findiana banks. For every $100 of deposits, Indiana banks obtained $1.04 from investments in 1939. This was the lowest in five years. In 1938 Indiana banks received $1.28 for "every $100 of deposits, $141 in 1937, $134 in 1936 and $1.31 in 1935. The figures also reveal that Indiana banks lose heavily on these security holdings. Banks in 33 other states lose less : than. Hoosier Roger Budrow banks. During 11930 Indiana banks lost 40 cents for every $100 of deposits. ' Only once in the last five years was this figure higher and that was in 1938 when the write-off was 53 cents for every $100 of deposit. Back in 1937, 1936 and 1935 the osses were smaller — 36 cents, 25 nts and 39 cents, respectively,

2% * 8 [ A NEW. FLURRY of oil drilling expected in Illinois because of a enton test in the Salem Pool, owing from 4505 to 4600 feet. Comletion of the well as a commercial roducer is expected to start drilling f. some 70 offset wells on adjoining roperties. &S ©® 0B ODDS AND ENDS: A New York ‘ tock Exchange membership W“seat”y sold for $30,000 yesterday, hin since the $29,500 in 1899. , . . Farm wages are higher and more ‘hired hands are being kept through . $he winter than last year, Agricul-

i t

Agricultural ported.

sesesen sseves

Jan. 9 Jan, 10 Jan, 11 Jan, Jan,

160- 200 «ce.

fure Department reports. , « » Gen- Good

ral Tire & Rubber Co. is helping a ¥ NWenezuelan - company. build ' a tire plant and may form a company in| ‘Chile to make tires. . . » Kelvinator “has received orders for 25,000 electric refrigerators for U. S. defepse housing projects. . . « Revere Copper . & Brass is putting out a new roofing and building product, Rocan,|

00_which they say has longer life and|good-

better resistance to corrosion fatigue than most COPPEr. o o « .PullmanStandard Car Manufacturing Co., with 31 million dollars in shell orders from Britain and 12 million

dollars more from U. S., is getting |°

its Chicago and Hammond factories ready to. turn out tanks, howitzer

carriages and mortars. and hints good

that it can make airplane parts, fuselages, wings and the like if the Government asks it to do so,

CORN, WHEAT CLOSE LOWER AT CHICAGO

CHICAGO, Jan. 18 (U, P.).— Trading in grain futures on the Board of Trade today was. practically at a standstill with prices for wheat covering a 3% cent range. An easier tone prevailed for all

grains. Wheat ended the day 1% to % cents lower, May 867%c. Corn was off % to %c, May 63% @3c; oats unchanged, May 363%a; rye off % to Y%c, May 47%a and soy beans : unchanged to off %, %, May 99% @ %c.

i iva RANGE “ts Open High Low Muy... 80% § 87 § 96% July.. 81% .83° 81% Bite ol... Ns Sine. ve 3% 82% 81% isi

TL6% 1ys 63% Boe Bn Oats — Yayo: Bent. . 3314 Z| Rye== Say. al

es:

Prev. Close

$ .87 81% 83%

Close $ 86%

63% “6374 83%

63% 832

63 63Ys 63% 36% 33%

36% 36% 33%s .33 32%

«32%

47%

482 50

rit Ya

A1% 48% .50 .50 .

Soy Beans— May... 99%

July.. .96% Lard— fs 1 3 Jars 33

. 1.02 Bebe. 7.22

98% 96%

Wheat TNO sales. Corn— yellow, Tos No. 5 yello v sekagoinc 3 gampt @ o grade, 57% @58¢. No. 1 red, 0 1 and 2 white, heavy, 40c a. "3 white: 39%2¢; No. 3 white, hc: ne whit Lo, 3830: sample while tough Ry e grade, 48¢c ant io. 2 in, 5 2 Barley— Feed, 43 Bacn; malting, 65%cn. Field

ved clover, : 8.80 Provisions — Lar leaf, $5.8 8Tn; bellies,

LOCAL L GRAIN,

CASH t—Steady; ipts, 1 _catload: No. 810 88c hed Fea. 860870. No. fo 85 6c; No. 3. : hard

org 81 wigan 3 ow, 56% @69 % w No. 4 vel ow,

1 Nomi ‘Nominal.

i gr

Gndieos 5 No. 5 Pd

1% - +79

ans—Ste dv: ipts, - Jeans Steady; roStinte. none: to: |%

WAGON WHEAT lis mrain elev: P hoot, 84c; phish a market

on ov new e ed Sash to! shelled ¢ corn, “8c: |

WHEAT

Be JT 7 " Ta ese.

ii” a

LOCAL PRODUCE

| Heavy ns, 12¢; Bareback hens, gy enTy bree bresd, hen ‘se; ck Leghorn ens, 7c; Barred and le Fock springors; Li er colored heavy ein ef, 1 : Leghorn 11 eb. sprin 's, "Be; ole old: x ; 66. dae 18, Toaions eggs, 12c; no

of Grades A med No. 2, ‘31@

Sade ; 33%c: Eu B86: Now 2, ate.

rade, Bae. pickup 2% due by th

par 3

FOOD PRICES

Jan. 18 (U. P.). g ts Chathans, bu. Sisal RE

0, Poth pip

c 1

hh i 0 to : hite 7 ’ 0% Siitte Sr 3 de over yellow : celpts. 13 carlpads; good te, 36% 315%; No . 3 white, he dec

Choices 750- 900

«vey eee cee

sen cee coos weve

sey Gee

750-1100

Cholte— 500- 750

e800

~ 500 750

000

500- 900 sees

Goo d Medium Cutter rand “cor canner ec.oeed

Beef— ‘Goo ood. ates h Sausage--

Mediura '..+ Cutter and Soot and cho Common and

Feede:

Choic 500- #300 80 -105)

- 800 ee Ce -1050

Good and chi 500 down ., Medium-— 500 do

Hog prices re terday’s 25-cent apolis stockyar

The top refur and choice 220

salable cattle, | and 50 sheep were received.

rr ci

bosses.

PORKER PRICES ‘REBOUND HERE

All of Yesterday’ s Quarter Loss Is Recovered; Top Hits $8.75.

covered all of yes: loss at the Indiands . yesterday,

the

Mgrieting Service re-

». Presseses $7. 1. 36

Poesvecee

ves 7.88

ws and Gilts

cas seni iescscsne

Packing Sows Good to Choice 270- 300

ev6sssccsee

sessseiereserh : 00 (i

hed to $8.75 for good lo 230-pounders. The Marketing ica estimated 150 calves, 1500 hogs

g FB @ e

FR RGi-aa PO _Sasuntqss ry

—

7.50 7.4000 638

21-sl3.3mmmmbn a; = EE

3 sszazaanke

evseenssce.$ 1.6000

7.500 1. 7.40® 1. 7.15/@ 6.90@

| 6.65@

Steers

sever cscccncnssse

e000 vcetoOs00se @e00s00000 sven

]

8.40@

@ 7.10

& Vealers (Receipts, 150)

0800 csetsnstenve

Covocoseronvesee il.

seP0ese®osvesne 9000000000 c0cre

Sieers, Heifers

®e000se0c0snene

Heifers

0000000000000 §

IEEE EL J

Bulls YYearlings excluded}

Pe 90000000000 00000

Steers

(Receipts, 50).

000000000 0000000 0 Calves (steers) pice—

’ (Calves. heifers)

OWN ooo Medium-— 500 down o..

Good and Medium an Common

ee i

esis

lbs.

Stu of c vanoin $1.4 .°B

time hogs

day in De¢

Cattle the

50 cents i ex closing Ls ik,

good fed 8 choice

OTH

73 -335 bs. 7.50;

Ld Fay

eurrent Asc red

pa.

nses the | ET :

steers Jows

AYNE | 310-280 Jeo 30 me: .. $8.30 3 15;

ernment expense

3,104,629,033.4 Jef .- 2.641.715 5.20101 2

Good any cHoice—

ee00csscsnsenate

[Yearling Wethers good end choice ....... vous

Ewes (woeled)

; |Good and choice Common an medium ".. exsiediye

| CHICAGO LT LIVESTOCK Sy Ty

[email protected] [email protected]

7.50@ 9.00

[email protected] 10.25@ 11.75

00000 store [email protected] 10.00 211.75

8.50 10.00 7.00@ 8.50

1 250 8.25 8.5 7.

H0@ 5

7.75 8.25 3 501 id 7.75

and Stocker Cattle

- 1310 [email protected]

» 10.00 @10.75

§[email protected] [email protected]

8.50@ 9.25 f.50@ 8.50

[email protected] [email protected]

[email protected] 1.50@ 9.00

SHEEP ap LAMBS (Receipts 30)

1-§18, 50-10.75|1 9.50-10.25

8.00- 9.25

8.75- 9.25 7.15- 8.75

vo 4.00. 4.50 3.00- 4.00 ¢

én ‘ly sales;

a With priday s ayes-

ents per owf., t t falling bac

sition HY a — late last week: Rt h: me ent to red with late last wi jek and $6. 25 the Brot “market H

ceipts. ay Calves+- None, For ood

$9. compa

choice

Be Aer steady to ns cents lower, S dor week’s high time; closin u rn. whi

light JFeatiings

y pr ractied]

treme top fat $10.65 fr

fat $110 cutter | Woodall Ind

'eely lhe. oice fed Westerni, ‘108 1bs. tly

e or $8.35 down on butchers sealing For the week—Ho

scored a net he top adck to 0= h

steers and but 50

ich fe

best long. Jearlings $14.90; x pit ie co stron k's advance Raving stead

cents

bein Jargely

veal ers top

For the pote higher, phi agses 25 to

mhs, J 85, bulk

$10.80 10.

mos fy S Ta

fall shorn fecl lnrabs,

ER LIVESTOCK

hE oy

Jan. 1

325- 0. To 150-160 1bs., o

30-140 _1bs., 8); 100-120 1lbs., $8.95. Roug tags, $5.25; calves, $13.40; ge

Jan

FAYETTE, Wy 5c h 50 1Dse w the 180- 500 1

wn: roughs, Ni3@1s, lambs, $i 510610. 50.

S. STATEMENT

TON. Jan, “18 (U. and . receint al Year through dar i comyear £5

185,48, ai, 323. 4 tac a0s 33 S . 9°003.832,615.58

He 10.25; o@ |*®

Py —Hogs— “3808.30; bs. oF 70 $7.25 | P

P.).—Gov8 for thel

2,601,877.64

2 Togre

knocked off.

Af Pittsburgh

Times Special

speed shell forging machine which Sam's rearmament. |

Czechoslovakia, has| been trying to perfect - a machine which would

make shell forging: in two .opera-

tions instead of ‘five or six. They had finally succeecied in 1938: and had one machine in actual operation when news care of ‘Germarny’s intention to take over the couniry. The engineers wiecked the ‘new machine beyond all hope of resurrection and smuggled the drawings and blueprints out of the couniry. They made their wey to Great Britain where their invention was eagerly . purchased. The Baldwin Southwark Co. cf - Philadelghia bought the Amrericen patent rights.

Insides Fi hished

First machine manufactured was installed in McKee: Rocks plan; of the Pressed Steel Car Co. of Piftsburgh, which had ¢ large order for shell forgings frorn the War Department.

The big advantages of the machine are the saving of time and’

5 | the quantity of shell forgings it pro-

duces. It is geared {to produce shells

of any size from 75 to 105 milli-

meters. and can be adapted to production of even larger shells. At present it is turning out about 150 shell forgings an hour. The shell forgings are completely finished inside. With other machines further boring anc Cleaning of the forgings is necessary.

Heated to 2300 Degrees

In the process of manufaciure, steel bars 21 feet long and 3 [1-32 inches square are cut into 73%-inch lengths by an autimatic acetylene cutting machine. These pieces are then fed into a rotary type gas-fired furnace which heats 180 of these 50 billets per hour do 2300 degrees. After an hour ths billets are fed into the forging machine, in which a shell die pierce: the billet and pushes it into the shape of a round-

0 bottomed cup 8 inches long and 4%

inches in .diamete:. The machine ther. forces this cup into another part of the mechenism where it is drawn and squeezed into the ploper length and width, ~ When it’ comes out from the machine the forging is passed on to a workman who stainps on its order and heat number, | It is ther placed in & sand pit to cool-off. All this takes but a few seconds.

Chicago Stocks ; High 3 ow 167%

Advance Alm eee Amer T & T coves Armout & Co ore

CREE hee :

3% 167% 5

17% 3%

or viot & Fran adiy

Ine am Drug. Eye rsharp Inc

Indpis B & Lo. i Sosyn Mfg & Sup ofl Dru .

LORI DN J > oa aN

aA ts

a WARROB WTO

851 34 47%

Viking Pump essseiiinee |

LOCAL ISSUES

apolis Cor be ® actual Fike ©2 offe i ndicate appriximate marke: oa | based on ning ard selling Gilotaions of

Agents Finance Co cory Bo is Bid Belt RR & Stk Yes com. .... Beira Ing Boxy gg 98, pd -- Comwith Ls 5% wvid.. oe Pas of fn i% ug 108 & Mich Elec 7% pid 108

os =e o 2: Roan: Se

_—

In TV pln 103%; N Ind Pub Serv A ped vee 107%: N ‘Ind Pub Serv 7% Bi ous 80 Progress 353 Taundy om Pub: Serv. Co of I d 2° Pub’ Sery ‘Co > Bd 1%

ante Eee hoe Talon Title Go Medea Van Samp

van Cam

Sod jek pd

oy { 102 ah %s i : i

150 Are Turned Out an Hour:

one of the most precious things inthe land—a revolutionary high-

N The following quciat IndlanJolion a ahs ations hot the Dkl

Ask St

*l ‘NEW. 2 ing are noon closing cable rates on major

Photo at left shows stecl billets before they start journey to bee heated in a furn:ce for an hour at 2300 degrees fahrenheit, then, at right,

ope shell casings. The billet Bs it is hauled out and the scale into the shape of a shell.

ready for machining and loading.

Next the billet goes ale the toring meshive. Stamped, it is Placed in sand to cool. Casings,

Pierced and drawn, it has been transformed, left,

right,’ have been shaped, are

FINAL NEW YORK STOCKS

Arms Factory

Exp

dresspirah | . * \PITTSBURGH, Jan. 18. —When | the Germans grabbed Czechoslov-|4lL teduc

akia they got much loot, but, thanks to three Czech éngineers, they lost ie py EL

legh corp. Cp Dp. $30 we WW

is today working all out for Uncle A

For years engineers at the reat Skoda munitions works at Pilsen, | ah

SUTPHIN NEW HEAD -OF PRINTING CLUB

Package Co. will be installed as president of the Indianapolis Club of Printing House Craftsmen to-

succeeds Robert J. Heuslein. O. G. Fricke of Dayton, O., international representative, will conduct the installation.

first vice president, Glen M. Pagett, Typographic Service Co.; vice president, Ralph Hauck, Gospel Trumpet Co.; treasurer, Kiefer

financial . secretary, Stephen Hopkins, Bramwood Press; secretary, Carl Rush, Indianapolis Engraving Co. The board of governors consists of George Daugherty, Press; Charles Frew, C. E. Crippin & Son; Roland Lambert, Stafford Engraving Co.; James McCoy, Century Paper Co.; Louis Mayer, Oval

American Type Founders Co.

15 TANKS A DAY BY SEPTEMBER IS GOAL

The American Car & Foundry Co. expects to be building 15 tanks daily for the U. 8S. Army by next September, according to F.,A. Stevenson, vice president of the company. Mr. Stevenson said that the com-

pany recently completed an original order for 329 tanks at the rate of ti.ree daily. “Recently, we have received orders, shipment on which will begin in March, for a total of 3089 additional light tanks. We are obligated to deliver these tanks, together with a large. quantity of spare parts to be provided with each 100 tanks, within a period'.of 540 days. “We anticipate beginning shipments in March and producing at that time at the rate of four tanks a day, building to a maximum outpat J by September of 15 tanks 3 ay.

orders for ‘suspensions or “running gears” for tanks being built in| Canada and England, Mr. Stevenson

Curb Stocks

High Alum Ltd ..... 43 Al Co Am .

Net Low Lath Change 1% hy = 8 1 28% ps

a .

. - BIC >

Hie wb 3 EE

: A *

> ada =o

SRNRRS SRSIRARRRS Ld : -3

a "OIRO

Aero. Can Col. Aifw.. ver Cartier Cor

rewster

ot 0

fis [ELH ET

Equ Fanateel Ford Can ulf 1

. 2 rs 3 Jones & Lau si 3415 Lake a «131 Lehigh C&N ’ Lone Star G..

Marion ‘Stm. Sh

A Robert’ G. Sutphin of the Paper A

night at the CS8lumbia Club. He|A

A Other officers to be installed are

Benham | atlas Tack Tae Aviation Cotrp..

& Koster Co.; and Harry Olivey,|E

0 Eon Ami Fond Ama Eorden

Brewin

Bri NEW YORK, Jan. 18 (U. P).—|Bk

Cal Packin Callahan Zs . Calumet & H..

090000000¢ ERE

¥%|C C

erada .....0 Am Airlines ...

Can ... Gar&Pdy . Car&F pf.. dz P

second |4

Alas sonda Lazarus, Sielken & Faulstitch Co.; |Arm

Pious Del bt. Armstrong CK..

PBald Loco ct.

vt & Ohio, tf & oe

rz-Warner .. ower R

Burro Bush BED Bt ctf.

Bus, A M ees

Caterpillar T .. Celanese Celanese pr pf. 120%4

Celotex

Celotex pf "0 Cent Aguirre .. + 18% Cent RR N J 2

Certain-teed . 47 Serta td pred 343, P f .104

of . Gas .

Col Pictures ... Com Credit . Com $a cv ‘pf. 1101

Cons Sigar, vases

Cons Cig Gons Gig r pf.1 2% Cons Co Cor 2 : b i »

C Corn Corn . Corn Prod pt’ 18

Coty . Goty Jater ‘ra

EER RE 3

seep’

FOREIGN EXCHANGE

YORK, Jan. 18 (U. P.).—Followrencles: "Net 3 nge 1 165 -18

Cable

nt Mo ‘ont Oil Del .. rod

Curtiss-Wr x

| [Davison oem. . Deere & C

las Al

East - Air Lines. 4i%aton Mfg .... le cAuto L....:

High Low

+ 4 41%

9-16 i 20 19% Bn 10

4 53 7

112 \ 20% 61

| ji 47, 32% 1%

[ad

DIO Jit bis CB aaa a

ah © Sada

-3 BDI JID

“0.0 a

B..\. 36% Cp i 9

10% 18% 11

8% . 13%

102,

ol & A The company ‘also is - working on | Gal Broadcast A 19% olum

"13%

Bnk . 51

. 45% -

. 28% te

TVs +2 1a Ya

Det we Biam T Mot ..s lee Cast. 21 1% ‘Dome Mi . - ¥

Dou dup.

on ‘158% 1 Du Pont pf ...135% -

+ 18%

Fag

SE 3X

Gg bet BD A BI BY sr

6% 14%,

Close ize

on —

Maptrusnz foal Suis

: 28 S498

2 *

- 0

pHaND

-3

rss HH LEE 0

! - ih

> » Sprhad Dhanrkth b>

. . WEEE ER

[++]:

"'% | m¢ Paver ...

. - . FEaErEEeEE

++ HHH]

. . .

I++

MROER FOSS SS

. .

MERE

. .

SES EB

FEI [4104

* . . . . . «e

CES SE

Fae Spe 3

30 INDUSTRIALS I Today soesvsrsrssrascassenee 1 Week ARO cciveee Month Ago ..... ‘| Year Ago

20 RAILROADS

sess snssncsgre

esecsace

Week Ago ...

Year Ago High 1940-41, "32.61: Low, 22. High 1939, 35.90; Low, 24.14. 15 UTILITIES TOAAY ..0veatscnrsassvsneeys Yesterday cc.eococseiecocece

a aaa

High 1940-41, 26. 45; Low, 18. High 1939, 27.10; Low, 20.71.

ie ~~

Sales

Std Oil N J..137 34%: Sthn Pac .... 30 914 5 Atchison ..... 18 223% U S Steel.... 53 6612 NY NH & H.. 41 3-16 Comw Edsn .. 36 284 Std Oil Can., 35 19% Bendix 363% Socony Vac.. 34 ,|N Y Central., 34 a | Chrysler ..... 33 Gen Motor .. 5 Comw & Sthn Gen Elec ....

34 91%

141% 2956

30 30 30 25

Cons Airc... 25

day.

By UNITED PRESS DOW-JONES STOCK AVERAGES

Yesterday cc.ococecnaccceses 120.54

High 1940-41, 152.80; Low, 111.84. High 1939, 155.92; Low, 121.44.

16 MOST ACTIVE STOCKS

(100s) High Low Close Change

Stock sales approximated 250,000 shares against 360,000 last SaturCurb stock sales were 36,000 shares compared with 19,000 last

STOCKS STAGE

20.78 0.21

—0.39

14.

20.25 20.13 20.53 15.95 25.25 03.

Net

34 0 94! + 1s 22% + WU 655% = 14

19% 36 8% 14% 631% 4512 J 843% 13% 29%

fh fot ok OW

Q0000000RANAAAAR " > | 8 ;

tsa NIRS a at bt ad io pt FORREEESS

on — arb.Wal ios . Bar Wil pf: 148 Mig 2 Heaxer Prod’ oe Herc Mot 5 ‘| Herc Pdr. .

- 0 te SONS

Soun Hud Bay Hupp Motor ..

ni Central een Ill Cent Ei. Indpls P nspiratn Cob erlake oer b Harvester .

r 2% Cr Coal. 31% : fal Johns-Man _.... 61 Johns-M of 127

6 127 Jones & Lr 1 of. 108 105

gz & My ike & My p fockhd Afrcraly i 387 Loew By Ine 18% Lone Star Cem 39% 3 oor Bh U1 1 Loose-W B 5, ot. 110 orillard of ....161 : EA. 18%

Lou G [ou & Nash.... 66% : 66% Sh, Tr ...s, 31Y 303% Mack Ares 3158 38. Madison Sa G.. 11% 11 anati irawar iy Mkt 8 Ry oF bf 101 yD arsha nd. 13 149

FEE

Nash-Eelv '.....

N cass Nat ab at t

t at Sup. SY to

| Net Close Change . 1-16

0s IBID

—- Or aTrs SRS

¥% -—1-16

wna NEE

swe a ON

Shh oO ESS TSS,

I. “w

HEE HEE: : : CEE ees

—-

EIR EERE ae

VIELE FLEE I HEE HEH »

ewport Ind . Central

Ship No =, wes 0 No Amer Avn.. No Pacific

2 dale 184 EY

seve

Ohio "Oil Omnibas pf . is Rev Otis Ste 9 Owens Fi) Glass 45%

7% - ,.103 Ya

Pac Coast 25% Pac Coast 2: of 8% Pac G & El 28%;

Pan yi Avy 145s Panhandle

Peoples Dr Peoples Gas .. Pere Mi f

Coal Pitts Foti - I

8Ya 210074 11

BD Oil Pure O 6 pf . Purity Bak J...

4%;

RaAiO ..covivus 8 62%, 3%

Radio pf ...... Radio-K-Or Tl Cc,

R pf 100% epub "Sil ot A 95% Reyn Met 12% Reyn Met . Reyn To “es Richfield Oil ..

. 48%

yO 20% Sloss. Sheffield. +106 Smith A

tA Vacuum 17

Dlagel Toein of. fd Brands.

Ad Sil LE ey L'S tew-War ..... tudebaker hs

ymg-Gld Xw...

[enn Corp .... fexas Corn . hex xX Gn rod. .

Un El Mo ot. Un * Cal: Pacific

CORRECTED

= October Hoth insurance

HIE HE

PEER

FERRIER

HHH]

D0 YOU'WANT MORE PEP?

Is Your Liver Inactive oer You ote: ie]

nds. A td Brands of. 11 td O Cal . 1

Net Low Close Change

9% 103 5 16%

9 se

: is :

8 100% 11%

3 8% so 2% i Ve

9-16

80 Cal Ed 21% § oo Ya

16 + Ya

8 seis 14Ys — Y% +

A QUIET RALLY

Traders Reason That After 5-Day Slump, It’s Time | For an Upturn.

NEW YORK, Jan. 18 (U. P.).— Stocks extended yesterday's late rally in quiet trading today. Bonds were firm. Commodities generally were narrow movers, featured by. new highs in Santos coffee. Rallying tendencies in stocks were ascribed to technical factors. Trad= ers reasoned that the five-day de- = cline earlier in the week justified, some recovery. There was no change = in attitude on the market generally. and traders continued cautious. Railroad issues, features yester= day, were mixed. Steels were higher, led by Bethlehem. Next week’s. steel operations are expected to hold near : present high levels. Copper shares held steady just under the 8 previous close.

Net Close Change

i 1esl)

32% 43} 117 8% 292 1315 15%: 3s 5412 13-16 233, 15%

20% 42

Pre . 32% Vick Chem . 44 ‘Ve E&P 6 pt. 117

Waldorf Sys ... 8% Walker Hix GW 29% Walk Hir ow pf 1312 Ward Bak pf... 15% 1, | Warner Bros 3% Warner Bros pf 54% 4 ....13-16

, t Vanadium ...

+: + SE

—- '

Fu asses

Ald o

CELE

Ss Ve

Li /heel Steel .... hite Mot .... White Roc! rive Overland Villys Ovelld pf yt ilson oodward Ton. 313 33

AAAS SJ

— #3

HEHE HH HS

4 | Yellow Tr Young S&W ... Hn Young Sheet 38%

Report of i condition of the .

Western Saving and Loan ‘Association

?|of Indianapolis, Marion County, Indiana, at the close of business on December 31, 1940: RESOURCES First mortgage loans ....$109,832.50 Real estate owned (exclu- ; sive of office'bldg.)..... 5,000.00 97,200.00

++] Aree w

U. 8. Gov. obligations (including H. O. L. C)). Other investment securities Cash on hand and in banks

aan

t. Total resources .. LIABILITIES

Repurchasable or ‘free shares: a. Installment shares..$235,426.08 Mortgage pledged shares. 39,474.44 Contingent fund ......... 27,000.00: Undivided profits seemene 28,665.39

Total liabilities ........$330,565.86 State of Indiana, County of Maza 3

Fae a ans FREER aa Aer

FH HLH LL HE

directors of the Western Saving and Loan Association of Indianapolis, Indiana, do solemnly swear that the above statement is true. J. P. FRENZEL, JR., President; ta

FEST FF OX EF EF

Subscribed to and sworn before me this 14th day of Jan. 1941. THOS. A. RESSLER, Notary Public. My commission expires April 2, 1944,

;

HELE HE HE

If You Are Handicapped by

RUPTURI

Youn Need Not Be Crippled for Life

ERS see cm pilaied uy Ratural 4

i os ET Revs This Letter—we have hundreds

ATION with Satwy 4 eans without loss A Many report RB

ormal Sime, EE (istaotion COMPLETELY

Fh HEE ote Ben at

Ben Twerlein, Auto a0, Khop, "3620 Gratiot Avenue, Detroit, Mich, YOU have the same opportunity if you see our represemtative,

WM. B. WALKER Hotel Antlers Indianapolis, pd.

|. Tues., Jan. 21 Wed., Jan. 22

Hours: 10 0 12,2 t0 5, 7 to 9

Ask the Hotel Desk Clerk for

SYKES SERVICE ;

of Racine, Wisconsin Booklet