Indianapolis Times, Indianapolis, Marion County, 31 January 1941 — Page 17

PAGE 16

January Was a "Month of New Records

ere. By ROGER BUDROW ree,

THIS BEING THE LAST DAY OF JANU ARY, it might be well to take a backward look and see what has been accomplished in the first month of America’s jrear of ‘rearm-

ament. \

The stock market can be disposed of easily. Fewer stocks were traded than in any month since 1919 and prices Bonds did the best in two years.

were irregular. + ities were lower.

Bul business shot up to the best levels in history for a January. Employment approached the best in history and payrolls were the highSteel prorose consistently. Automobile pro-

est. duction

duction sur-

prised even the experts and mounted steadily, setting a new January record. Electric-

ity, building, freight hauling did the same. Of course these “heavy” industries, engaged as they are in defense production, made the best showing. But the greater employment and higher wages had a salutary effect on consumer lines. Retail trade neld well above a year ago and some estimated the volume around the best levels in a decade.

” o #

GREAT BRITAIN'S subjects control more than 160 business firms operating in U, 8. (which Treasury Secretary Henry Morgenthau Jr. estimaves are worth 900 million dollars), according to informed sources. In addition, British interests own valuable real estate, ranches, big wheat-growing areas, cotton plantations and many private homes.

Sir Edward Peacock, director of Bank of England, has been sent here to sell these to get U. S. dollars for Britain to buy war supplies. The U. S. Treasury says “a very great proportion” of British gold holdings in U, S. have already been realized.

Among the more prominent British companies here which might be sold are Beecham'’s Pills Co.; Bovril of America; Brown & Williamson Tobacco; Crosee & Blackwell; Alfred Dunhill, Ltd.; Dunlop Tire; Gordon’s Gin; Lee & Perrins: Thomas J. Lipton Co.; Rolls Razor; Royal Exchange Assurance Co. Royal Indemnity Co.; Josiah Wedgewood & Son; and Yardley & Co.

Roger Budrow

” ” #

ODDS AND ENDS: Allison has 165 million dollars worth of orders yet to fill, according to the magazine Aviation. . . . Production of oleomargarine, butterine, nut margarine and similar products declined" 23.5 per cent between 1939 and 1939, now amounting to $35,000,000, Census reveals. . . . A 147mile power line has been built from southern Illinois coal fields to Chicago, designed to eliminate trouble most often caused in that ‘area— sleet and lightning. . . . Wheat and rye flour prices in New York have been reduced 5 cents a barrel (196 pounds) following a 10-cent reduction early this week. . , . Saratoga State Bank at Saratoga, Ind. has joined the Federal Reserve System. « » . Nearly 2 million persons found jobs in 1940, (counting 884,000 in National Guard and draftees) bring employment to 48,413,000 and unemployment down to 6,961,000, Conference Board reports. . . . Puerto Rico imported 15 million dollars worth of goods more than it exported during 1940, its Chamber of Commerce reports. Most of the increase was due to defense work.

nplil ATE Mutual

FIRE-CASUALTY, . AUTOMOBILE TYLER: INSURANCE

for Careful Property Owners at Substantial Savings

BUSINESS

in | Most Industries

|» |

Commod-

DEFENSE LABOR POSES PROBLEM

Finding Work of New Is Big

By JOHN Times Spe WASHINGTON string of bran plants, arsenals

ers for String ndustries Task.

W. LOVE cial Writer Jan. 31.— The d-new industrial and shipyards scheduled to come into operation this year, including most of the $700,000,000 worth. of the Government is financing, poses a heavier task of labor mobilization than anything America ever tackled before.

of which are un»xisting establishcleton crews of exbegin with, to add

great shops, most| connected with ments—to pick sk perienced men to sufficient skilled the unskilled, an the vast forces to fill the ranks—-all this is something industry has not faced in more than .20 years, and

To find (the workmen for these 80 af

workmen to train} d then to recruit;

i .

Plans for 194] Home Show

Architects are nov: making plans for the general design of homes for the 1941 Home Show in ‘the Manu-

facturers Building at the State Fair Grounds April 18-27. to right) Orval Williainson, Leslie Ayres, E. D. Pierre and Wilbur Shook.

Y. STOCKS

Ada

Alli

never attempted | on such a scale. The forecast in War Department

accelerated vocal the schools, heightened training-within-industry, forts to find work to train others, a competition for el

'Some May Lose

men who are able |

kperienced men.

The warning is dustries which do

not go in for these

do. Industrial districts where this] assembling | of 14bor for the new shops will be mast spectacular include Detroit, Kansas City, Denvel, San Francisco, Portland (Ore.), the | Texas coast, Ft. Worth, Indianapolis, Cincinnati, Columbus (0.) and Cleveland. A new | arsenal| or tank plant or airplane motor wprks or small-arms factory or shipyard will not start with a force copsisting wholly af inexperienced and unskilled workers, but will draw th some extent older Concerns fdr their help. Whether the new ones look fof their mer close Hy or at a distance the older plants (will lose some ex perienced employes, it is admitted here, though the Washington effort

for workinen than will be necessary

| Trainirlg to Help Those [cities will stand the strain of this effort best, it is pointed out here, where the|schools and other agencies, including the Nationa, Youth Administration, are offering preliminary training to young men: to condition them to factory work, and where the | existing industries have carried farthest their efforts] to train men for new skills and to | gi “grade up” thei Those | employ most will be th

ers likely to suffer bse without defens: contracts, but who have workmen of | skills useful in| the new concerns. The tip here is to get going with their own within-industry training and start lining up their older men for promotion as the ranks thin out under the suction of the new opportunities, | Labor unions, it is anticipated, will have a problem they have scarcely thought of in how fo handle | the senjiorities of ‘men who transfer from ¢ne union’s “jurisdic- | tion” or 'vocatipnal field to that| of | another union, but to an employ-| ment which njay last only a few years.

that cities and in- |!

Atl Atl

Hal Bar

things will lose mien to those which 3}

Bur

Sad ess orty, Cp ern;

i oe aE Bwr $ bf SS.

High Low —r— 5% 5% 1412 14%: 83s 8Y4 2Vs 32Y 6034 603% 83 18% 19 3412 34!2 14 14 cneiB 3 . 13% 68172 a 13Y4 «+ 138 . 8312 6!

ms Exp ....

is-C

hain 24 “4

13% 68Y2 39

naco; 2412 1 and around the 4nac “Wakcabie 30a

rmour Del pf 110

and the National a il or pf 5224 Defense Commission is of greatly ‘ GOK Const 2 2512 jonal training | in 7. PE Line.

Refining vs as Corp

unprecedented ef-|Aviation Corp:

nd inevitably some |! sald Loco ct...

& ‘Ohio ..: : S Qf... nsdall

roughs

Bush Term ....

Callahan Zine. .

~anada

Gar

|Carriers &

Dry... penter Stl.. G..

Celanese .. 247 felanese Pr vt ‘119%

Che

zhilds

Chr

r experienced men. si Li PS

Fai

Gai

Firestone Flintkote

t-td 6 & os.”

ie trata)

L City ar Clark E

Jeet DS Moly Co...: 211%

€ Cluett Peab Colgate- PB. P Col Aik

com Credit ... Cora Soivents... Comw | Cons Cons Cons Cons Cont

is to dispourage |any more bidding e

Edison. . Coppernms Edisor . Edison pf 1023 53 Oil 55

Crucible St Cub-Am Sug ... Curtis Pub Curtiss-Wi

Davison Chem . Deere pf Dev vin Douglas Aire .. Pont

& R A

8 331 29%, 147 5% 66

Pub 3

r Morse yielae T

40% vin 160% . 13%

40% 1612 13%

ir Robt

Gen Blectric . Gen Foods Ri Gen Gen Sen

32 G lette S ® . Gillette $5 of . Gimbel pf Glidden

ebel Brew

BANK CLEARINGS | DROP MODERATELY

NEW YORK, Jan. Bank blearings in 23 leading cities in the week ended Jan. 29 dropped moderately from the previous week but held well abvoe a year ago, Dui | & Bradstreet, | Inc., reported tode vy. Check transactions in the meas-| ured cities for the past week totaled $5 549,519, 000, | compared with $5,057,333,000 in the corresponding 1940 period| a gain jof 9.7 per cent. Com- | pared (with the previous week there was a decline lof $296,067,000 against a drop of $103, 573,000 between the two similar weeks last year.

WHEEL CHAIRS ¥7hy buy one? Rent one at

HAAG’S ALL-NIGHT 22nd and Meridian

" DRUG STORE

Rawthers)

LOTTA LT TO SELECT [F191 L)

L010 BRANCH

DIRECT ©

36 E. hn ST.

Our Falous Fos Quality

Josie” pO: MILLER-WOHL CO.

Reinforced Heel and Toe 45 KE. Wash. R1-2230

Make Woodwirking Your Hobby.

| ‘DELTA MOTOR DRIVEN TOOLS Ekclusively at

VONNEGUT'S

Use

120 E| Washington St.

FUR COATS Largest Selection in the State

IRL)

Eh East OHIO St,

OUTFI1ITERS TO

MEN, WOMEN and CHILDREN

"MODERN CREDIT STURE

31 (U. P).x-|

SUITS SIZES OTE to llhid

Your Federal Income Tax

Government Lists 7 hose Who A Are Liable Under Law to Pay Tax.

For Federal income tax purposes, widows, widowers, divorcees, and married persons separated by mutual consent are classed as These, with those who have never been wedded, whose gross income was $300 or more, must fille an income tax person, living with husband or wife, if no joint return is made, who has a gross income of $2000 or more, If the husband and wife each has an income, znd their aggregate gross income is $2000 or

single persons.

return. Every married

must also file an income

Ey UNITED PRESS

Net Change Lash 5 30 INDUSTRIALS

Yesterday Week Ago Month Ago Year Ago High, 1940-41, 152.80; Low, High, 1939, 155.92; 20 RAILROADS

5% 142 848 32Ys 60% | 18% | 17 34%; 1

83_

1+:

[+++

. pa 23s

. Yesterday 2 Week Ago Month Ago Year Ago High, 1940-41, 32.67; High, 1939, 35.90; Low, 15 UTILITIES

® | Yesterday Week Ago Month A9go Year Ago High, 1940-41, High, 1939,

HEEL LHL

DOW-JONES STOCK AVERAGES

—1.95 + 0.18 +1.44 +0.10

Low, 121.44,

26.45: Low. 18.03. 27.10; Low, 20.71.

Kigh

Greyhound Co .

69 LL p eee

Ind Rayon .... 25 Interchem pf jnieriake Ir... n

214 30's — Jones & L 7 pf.103 103 +104 104 . 253% 25%

nt T & > vials Island Cr Coal. Kaufmann pL. .

Kresge 8 8

facials cos of .

Shp 1 for '& Nash ...

ar Mid .. {Glenn).

I 7

Nat Biscuit ... Nat Bond & Inv Nat Cash Reg .. 41 Nat Dairy . Nat, Distillers . Ni 5 Sypsum a

TTT :

NER aN ee

il Pic 2 pf.. Penney “| penn C&C

Last P00

jax return.

more, they must file an income tax return.

Husband and wife livirig together at the close of the taxable year may file a single joint return (even though one has no gross

income), or make separate returns of the income of each.

arate returns are filec, one may not report income which belongs to the other, but must report only the income which actually beIf a joint refurn is filed, the aggregate income disclosed is subject to both th: normal tax and the surtax. The liability with respect to the tax on a joint return is joint and several. A joint return may no: be made if either husband or wife is a non-

longs to him.

resident alien.

If a joint return is

” 2 #

not| made by an agent of the taxpayers, it must be signed by both husband and wife and sworn to before a proper officer by the spous¢ preparing the return, or if neither or

both pepare the return, then by both spouses.

Where separate return; are filed by husband and wife, the joint personal exemption of ($2000 may be taken by either or divided

between them in any proportion as agreed upon.

Husband and wife maj elect each year to file a joint return Whee, however, joint or separate have been filed for a particular year, neither husband nor wife may, after the due date of return, file an amended return or returns on a different basis for

or separate returns.

that year.

If sep-

returns

r ]

A HOME OF YOUR OWN

Many families are happy in their own homes purchased through our Real Estate Department.

Desirable Eomes at Attractive Prices

The UNION TRUST COMPANY

PHONE MA-434|

Oldest Loan Brokers in the State

The CHI ICAG

146 E.

ASHINGTON ST.

on on Everything!

Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.

JEWELRY CO, Ine.

Members df the arclitects committee are (left

. |STOCKS PAGED BY BETHLEHEM

PORKER PRICES

FALL 15 CENTS

Top Paid Here Is $8.40 for 220 to 225-Pounders; Vealers Steady.

Hog prices fell 10 to 15 cents at Indianapolis stockyards today, according to the Agricultural Marketing Service. Weights above 160 pounds were 10 to 15 cents lower than yesterday, with weights above 250 pounds taking the full decline. Lighter weights were steady. The top was $8.40 for good and choice 220 to 225-pound hogs bought by out-of-town packers. Vealers were steady with a $13.50 top. The Marketing Service reported 333 salable cattle were received, 468 calves, 8964 hogs and 865 sheep.

HOG PRICE RANGE

Too. Receipts

Barrows and Cilts Good to Choice—

Packing Sows Good iQ Choice

General List Moves Up in| 3s:

Technical Recovery After 2-Day Drop.

NEW YORK, Jan. 31 (U. P).— Stocks moved up fractions to more than a point today in a technical recovery from the sharp declines of the past two sesions. Trading was quiet.

Slaughter Pigs ne and Goo a

CATTLE

Cattle & Vealers (Receipts, 333) Steers

Slaughter

Choice—

Bethlehem Steel was a leader, |G

moving up around 1! points. Last night Bethlehem reported record

1940 earnings, a peak backlog and |pfeq;

current operations at 100 per cent of capacity. U. S. Steel gained 3, to 63%. General Steel Castings preferred regained more than half the previous session’s loss of more than 5 points. : Chrysler gained almost a point and General Motors set up a fractional gain. American Air Line, American Car & Foundry preferred, Lone Star Cement and Montgomery Ward gained around a point and more. Savage Arms regained a point

>of the loss of almost 4 points yes-

terday. Foster Wheeler preferred broke 63: points, to 1214, and some other preferred shares which did not appear in yesterday's break also weakened. Most leading groups showed fractional . gains in mid-session, with many issues at the best levels

Net Change + % + 1 - 1 Ehelps Dodge .. LL C & Iron pi. . Pegi SH Car. Pub S

5 Pure Oil

Radio pt Rayonier of ... Rand

wer 1 Repuslic Stl ... 19% Revn Tob B ... 1 Rustless rast « 11%

Safeway 40 Safeway 5 pr . St Jos Leai . Savage Arms .. Schea Dist pf.. Seagrave

Snider Pkg .... Soc-Vacuum ... So Cal Ed ..... South Pac South Ry .

Studebaker ens Swift & Co....

Texas Corp .... Tex G Sul....

Transamerica * . Twin Coach ...

Union B&P

Vanadium Va I C&C p

Willys Over pf.. Wood Iron ... Woolworth .... Worthington ...

Yellow. Tr Yng Sheet .... Yng Stl Dr.... 19%

2Vg

FOOD PRICES

AGO. Jan. 31 (U. P.). 5 Arplss n, Jonathans, bu., $1. elery —Michigan, squares, 40@90c. Tomatoes— Mexican lugs, $2.75@3. 35. Spinach Texas, bu.. 190¢ Cauliflower California, crates, [email protected] Carrots — California, $2. Soa. tuce — California,

Zonite

Michiga gar

sacks) —Tllinois ‘Yellows, 65@90c: sota Yellows. T5c; Wisconsin Yellows @80c: Indiana Yellows, 70@80c Yellows, 65@75¢c; Colorado Sweet Mich sh,

U. S. STATEMENT

WASHINGTON, Jan. 31 (U. P,).—Government expense and recei pis for the current fiscal Le through . 29, compared with a vear ago: Last Year

This Year Expenses. $6, 234. 912,386.26 2 43 097,049. 33 Receipts.. 3, 589. ,005,850.8 1." 9) ses. 365, 796.81 2,947 496.81 1,401 340. 651. 3

al. '659.289.979. Pub Debt 45.314, 641,816.2

Gold Res. 22/110,157.095.79 Customs... 189. 0%. 125.34

INDIANAPOLIS CLEARING HOUSE

TOS Net

Cleatings Debits ..oveeerissedasisnnne . This Month 103,595,000 277,944,000

FOR JEWELRY

Clearings ... Debits

4 WEST AFRKET S1

fai

of the [cul

2 Good and choice ..... Medium

tessereasranee + 10.50 eresnsens Cesesssnnas + 15

sesesssesssassesasess 11.00

Heifers

500~ 900 Commoun— 500- 900 ..cu00.e

$00 000s tests snssente

7.00@

Cutter and common Canner

Bulls (Yearlings excluded)

Beef— GOO +.cosenninnrrrreesnnnes Saussge— 7.25 6.75

2.15 13.00 8. "Feeder asd Stocker Cattle e

teers

(Receipts, 468)

8.7 8.15

Ses0traettisnnns “ssegrtcstnsetantinne

00- 800 )-1050

sessscsscnss

Cominy to er

Calves (steers) Good und Shoe. 00 dow

Good and PLL jves, setiern) 00 down 500 down ...... wesssiveives SHEEP, LAMBS (Receipts, 865) s

Good and choice Medium and good , Common 8.00@ Yearling Wether

4.75 3.50

OTHER LIVESTOCK

LAFAYETTE. Jan. 31 (U. P.). — market, 15 a i brs 160-200 ibs pigs,

@7.85; [email protected]; $7.45@". Bim $1 @13;

own; down. lambs, $9@10 WAYNE, Jan. Wh 230 lbs.

60-190 lbs., lb.s, $7.80;

250-325

(U. P.).—Hog 8. dol 190-210 Ins. $7. 38 230-250 1bs., 5-300 lbs. 335-390 150-160 lbs. a 130-140 lbs. 100-120 lbs. Roughs, $5; calves,

lambs, $13.50;

5. $6.45; stags, $10.25.

09 gains.

7.50@ 8.75 [email protected]

sessssncsscssianas,ee [email protected] sesesesssnescesiesess [email protected] [email protected] T.00@ 8.50 8.25

4.25@ 5.00

7.25@ 8.00 7.28 6.00@ 6.75 13.50

00313 00

8.00

c 10. 3 8.50@ 9.00 7.50@ 8.50

+ [email protected] [email protected]

[email protected] 7.50@ 9.00

[email protected] [email protected] 9.00

8.75. 9.28 1.15« 8.75

5.50 4.50

. $7. nos

Joughs,

| small Grade A and No : | grade,

New President

Dan C. Hess . . . heads Electric League.

Dan C. Hess, Indianapolis Power & Light Co. vice president, is the new president of the Electric League of Indianapolis. Other new officers are Clark S. Wheeler, Refrigerating Equipment Co. general manager, vice president; H. W. Claffey, Sanborn Electric Co. vice president, secretary; C. F. Fitchey, General Electric Supply Corp., assistant secretary; Ben Olsen, General Electric Co. Indianapolis office manager, treasurer, and Walter Meyers, Walter Meyers Electric Service Co., assistant treasurer.

WHEAT PRICES RISE SLIGHTLY AT GHICAGO

CHICAGO, Jan. 31 (U. P.).— Wheat prices on the Board of Trade trended moderately higher today after showing a decline for five consecutive days with the May delivery down to the lowest level since

late October. Corn ruled steady 5/ while other grains yegistered fair

At the end of the first hour, wheat was unchanged to up

+ cent, May 82% cents. Corn was %

to off % cent, oats unchanged; rye up % to 3 cent and soy beans up % to 1 cent.

WAGON WHEAT

on Ranapolis oli elevators are paying 0. wheat, 80c, subject to market lh Sr rides on their merits. Cash corn: e No. new vellow shell corn. 53c; new No. 4 thi shelled corn, 57c; No. 2 white oats, 32c.

CHICAGO LIVESTOCK

Hogs—Receints, 17.000; slow and gens erally 25 to 40 cents lower; top, $8 Dull good and choice 180-240 oar $7. (0 8.15: most. 240-275 1b. butchers, $7.70@ 270-320 1b. averages generally $7.50@17. pi most packing sows, 450 Ibs. dow. $7.35: heavier weights, mostly $6.75@7 Cattle—Receipts. 1000: calves, 300: only meager crop: fed steers and yearlings here, but trade very dull: semi-demoralized on good grade offerings suitable for shipping purposes: no reliable outlet even on medium grade except at weak to unevenly lower prices: such cattle selling at $9@ 9.75: few loads strictly good steers held wel labove $12. but not sold: very fleshy good grade medium weight steers. $11.75: these 50 cents under week's best time; prospects moderate carrvover: al lother classes steady: cows a, fact fairly. active with cutters at [email protected]: and beef cows. [email protected]: most Blt ulls, $7.60 downward: small local killers: taking bulk of “sel mostly $13.50 down on vealers: few selects, S14. and light vealers. $9@13. heep—Receipts. 3000; late Thursday Fat lambs unevenly 15 to 40 cents lower: late sales at full downturn: wk good S.

i .25: me andv weight. [email protected]: today's trade irregular: early sales fat lambs 15 cents higher than Thursday’s low close or 10 cents lower than early that day: three loads .good to choice around 93-95 Ib. fed Western lambs and packing Jhatives, $10.50: few just good native, $10.25: load good 92 1b. Jesently shorn holdover fed lambs, $8.65: just 72 1b. (feder lambs, $10.25; sheep very scarce.

FOREIGN EXCHANGE

GURL 31 (U. P).—Follown ca - rencies: e rates on major cur Net

England {ponna) win Canada (dolla ‘ [taly : (lira), ...... Finland (markka) . Switzerland. (franc) Sweden Jrons a) Japan Mexico

Ypeso)

LOCAL PRODUCE

Heavy hens, 12c: bareback hens, lle: Leghorn hens. 8c; bareback Leghorn hens. 7c: Barred and White Rock springers, : other colored heavy breed soringers. 12¢: eghorn springers, ‘llc; bareback springers. 9c: old roosters. 6c. Indiana Grade A large eggs. ana Grade A medium ergs. 15¢; eggs, 12¢; n Butter. X. Sass: 3115e: Eat No.

STATE TOMATO

KING CROWNED

Maurice Johnson of Kemp-.

ton Raises 13.75 Tons An Acre for Record.

LAFAYETTE, Ind, Jan. 31 (0,2 - P.).—Among Indiana's “rural roy = alty” appeared today the name of - Maurice Johnson, 25, Kempton, crowned the state’s champion toe : mato grower by the Purdue Unie versity Horticultural Departinent. Mr. Johnson produced a per acre average on 6.2 acres of 13.75 tons of tomato fruit grading 85.8 per cent of U. S. No, 1. His record topped 5129 Indiana Farmers from all parts of the state enrolled in 52 U. 8S. “Won” tomato clubs. In the Double Tonnage Tomato Clubs, Lester Parks of Arlington and three sons, Arnold, Virgil and Vérnon, posted the best record among 1560 entries. They pro= duced 15.27 tons of tomatoes per acre on a 3.03 acre plot.

KINNAIRD APPOINTED M’KENNA MANAGER #

Frank Kinnaird has been ap= ° pointed Indiana manager for H. McKenna, Inc. distillery, it was announced today by Henry J. McKenna, vice president of the. firm, The distillery, founded more than 80 years ago, is in Fairfield, Ky. Mr. Kinnaird, who lives at the ; Spink-Arms Hotel, has been cone" nected with the. distilling business« any years and has been located: in Indianapolis for the phst several® years. 3

DAILY PRICE INDEX £

NEW YORK, Jan. 31 (U, P.) Dun & Bradstreet’s daily weighted ™: price index of 30 basic commodi= ties, compiled for united press (1930-32 average equals 100). oh Yesterday .....civinsenn ina 133.58 Week A480 civesrverevasvveess 124.79 % MONI BED veusosoneseneess- 124.600 Year ago ...........0nis0000 119.380 1940-41 High (Jan, 9, 1941),. 125.21 1940-41 Low (Aug. 18) 11242

Report of the Condition of the

COLONIAL SAVINGS AND LOAN * ASSOCIATION

of Indianapolis, Marion County, Ines diana, at the close of business ont December 31, 1940: RESQURCES

First mortgage loans ... Second mortgage loans .. Real estate sold on contract Real estate owned clusive of office bldg.) Real estate in judgment and subject to redemption Investments: Stock in Federal Home Loan Bank Insurance and taxes advanced Cash on hand and in banks Other assets ..

.$367,575.00.". 2,075.73"

18,087.19 65,532.49 ~

: - 3,997.88. -

- 4,900. 00 1,011. 10: -

see ssn

Total ..... ...$548,008.21 _ LIABILITIES

.|Repurchasable or free

shares: Optional shares Full-paid shares 00. Mortgage pledged shares 16, 751.01 Contract loan dues ..... 11 78922 Loans in process Contingent profit on real estate Reserve for junior liens. Contingent fund 40,000. 00% Federal insurance reserve 4,555.00.

Undivided profits ....... 7,292. a.

Total . .$548,008. 215% State of Indiana, County of Mara ion, ss: We, the undersigned officers and"

2 075. 3 i

directors of the Colonial Savings: ‘land Loan Association,

of Indianap-: olis, Indiana, do solemnly swear. that the above statement is true. CONARD JENNINGS, President: MARY 8S. JENNINGS, Secretary H. L. KELLER, Director HARRY R. JENNINGS, Director: HAROLD R. VICTOR, Director Subscribed to and sworn before, ime this 27th day of January, 1941, URIAH H. HICKS, Notary Publis,

1. JTCuniEy icku wadlangy p p prices ®auoted by the

My commission expires Sept. 15, 1944,

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