Indianapolis Times, Indianapolis, Marion County, 19 February 1941 — Page 16

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“Some N. Y. Stock Exchange Members Want the ‘Big Board’ Reorganized

By ROGER BUDROW

SOME NEW YORK STOCK EXCHANGE MEMBERS,

who don’t live in New York,

think the exchange ought to

reorganize itself as a national institution by vesting majority control in members living throughout the country

rather than in these living in

New York.

By so doing, the exchange might be able to. break away

from its association, in the

public mind, with ‘the Wall

Street interests.” Another possible benefit from such a plan is that it might end the quarrel between the exchange and the SEC, which wants the security business §pread more among other cities in the nation rather than chueentrated,

as it is, in New York.

An Indianapolis broker, Henry Holt, partner in Thomson & Mckinnon, is one of the committee of 12 Exchange members that sounding o u the proposal by sending it to the 4000 regular and allied members of the Exchange. The proposal includes increasing the Exchange’s - board of governors from 32 now (only sixt of whom reside Roger Budrow outside N e w York) to 45, of which 21 .would he

York. The committee asks Exchange members if it wouldn't be

a good idea to change the name of ¥

Exchange itself. J. C. Bradford of Nashville, Tenn., one of the founders of the plan, said many U. S. Senators and Representatives are automatically opposed to the Exchange as a “Wall Street’ institution but might look on it with more leniency if it were “nationwide in organization as well as in fact.” He added that a threat to move the Exchange from New “York City might help do something about “the extreme New York State Transaction Tax.” In rebuttal, Carlton A. Shively, financial =editor of the New York Sun, says the plan “hasn't in mind the good of the stock exchange, primarily, but rather is thinking of drawing a little business away from New York, the natural financial center.”

” » ” NEW ON THE MARKET: Ice for drinks and other uses is now made in tubular form, 13% inches in diameter. An automatic machine freezes the water in this form, cuts it to predetermined lengths.

Polarizing screens to eliminate |$

automobile headlight .glare have been talked about for some time, though they would greatly reduce the efficiency of lights. To avoid

this, an inventor proposes that a|G22

photoelectric cell be placed on the front of the car. When another car approaches, this “electric eye” operates a mechanism to lower the Screens into place, so that they op- * Rete only when needed. — ” » 2 $2.50—. ~younHE SECURITIES & Exchange .nmission had a plan ready to

ALN ose all the nation’s stock ex-

> hanges when Germany invaded the| Go

%f.ow Countries last spring but didn’t suse it because, although stocks went § down sharply, trading showed no # “signs of panic.” Note: The plan}, is still ready for use if needed. 2 8 =» REMEMBER the “divining rod” for finding water, gold, oil, etc? A Pennsylvania State College professor, Sylvain Pirson, has invented an ultra-scientific “divining rod” which he says will -detect hidden deposits of oil or natural gas. He plans to demonstrate it at the American Institute of Mining and Metallurgical Engineers now meeting at New York.

2 = ODDS AND ENDS:

Seventeen

: PRIGE TREND ON

HOGS IS MIXED

Lighter Weights. Unchanged But Heavier Qnes Dip. - 20 Cents Here.

HOG PRICE RANGE

Top - Receipts $8.1 5,987

Hog prices were steady to 20 cents lower at Indianapolis stockyards today, the Agricultural Marketing Service reported.

below yesterday's prices. Sellers sought to keep prices at vesterday’s levels which resulted in inore than an hour's delay before any sales were made. The trading basis whnich was finally worked out provided for a 20-cent reduction on hogs weighing between 160 and 230 pounds; a i0 to 15-cent reduction on heavier

hogs, and no change on hogs weigh- BD)

ing less than 160 pounds. The top was $8 for zood and choice 200 to 210-pounders,

HOGS and Cilts

HII R SHRSIRS3ISZ

| SPONDS 2 1-3-3300 II] © DROOL

PUMOPIONOUNOW

dium— 180- 200 pounds Packing Sows d and Choice— ir 1.

sjerapeser 5.3

0 5 5 0 :-8. 85 60

d— 350- 400 wi cons 00- 450 nds reens 450- 500 Pounds ceresengioes Medium 250- 500 pounds eceeeies

Slaughter, Pirs Good—

shores

Medium and 90- 190 Be Tas

CATTLE Slaughter Cattle & Vealers (Receipts, 1162) Steers Choice— 750- 900 pounds ....eie Belen [email protected] 900-1100 pounds » ; )14. sensenesdiens 13.00014.75 esssstssarses [email protected] 75 @183.00 13.00

}100- 1300 pounds 1300-1500 pound i x bees 13.00 ves i 00 13.00

od— 750- 900 pound 900-1100 pound 3300-1300 pound 3 ~ 10.75 9 11.00 1.75@ 8.75

ess 3.75@ 6.60

ecco fosanten

1300- 1500 pounds . Medium — 750-1100 pounds 00:1300 pounds Le n— 750- 1100 pounds.

Choi Steers, Heifers oic ) gob 50 ‘pounds 500- “750 pounds

Heifers Choice— 750- 800 pounds ..eceecsoerees [email protected]

750- 900 pounds [email protected]

Medium S00. 00 ) pounds 8.50@ 9.75 7.00@ 8.50

“teeny sesso

{ [email protected] [email protected]

sss e crite ene

Com 500- 900 1 pounds

Good

dium Cutter and common . Cann

7.25

airlines in the U. S. will inaugurate | Good

(March 1) a “fly now and pay later” plan on air trips costing $50 or more. The installment idea is similar to the one the railroads have used for a year. .. . The average freight locomotive burns one ton of coal for each 89 miles of travel, National Coal Association says. A possible world’s record for arilling and completing a relatively| © shallow oil well is believed to have been made at Wilmington field, California, where a 2713-foot well was drilled and cased in. 40. working| hours. , . . U. 8. is buying 6000 dies (small industrial diamonds) which

Defense Commission will allocate to| Me

manufacturers of electric lights, radio tubes, shell fuses, but the 6000 is not expected to be enough. Ger‘many has been taking nearly all of Brazil's output, where U. S. has been a big buyer. . . . Northern Indiana Public Service Co.’s preliminary report shows its 1940 net income was $2,891,777 compared with $2,366,039 in 1939. . . . The worst hump in

tooling up plants for production of Med

munitions will be over by May or June, American Machinist reports.

RETAIL GROCERY SALES INCREASE

NEW YORK, Feb. 19 (U. P.).— . The American Institute of Food Distributio: steady cli in dollar volume of retail grocery sales “under influence of higher payrolls and general business activity.” Sales of retailers last week were|3 10 per cent above the corresponding week of 1940, according to the institute’s weekly index. Wholesalers reported similar gains over a year ago.

Inc, today reported al}?

m Cutter and common ..

Yealely Good and choice . whealtens Gommon and medium

Feeder and Stocker Ciitle Steers (Receipts, 45%) Choice —

500- 800 POUNAS .eeeevby.t oe. $11.006 10.75 2201 pounds

500- 800 pounds .. 800-1050 Dn Medium— a1 =1000 ) pounds esesetnd 500- 900 1 pounds

Calves (steers)

Geod and choice— 00 pounds

[email protected] [email protected]

8.25@ 8.75 1.50@ 8.25

se0soteieae

csesecbenicne

[email protected]

um— 500 pounds down Ho0@ 9.75 Calves (heifers) Good and choice—

500 pounds down [email protected]! Medium— e

500 pounds down ".50@ 9.00 SHEEP, LAMBS (Receipt:, 454) Lam 3 Good and choice Medium and good

Yearling Wethrs Good 2nd choice

Ewes (wooled) Good and choice

OTHER LIVESTOCK

FT. WAYNE, Feb. 18 (17. P.)..--Ho 10c lower; 3D -220 1bs., $i; 180. 200 “fee. | nd $7.90; 160-1 lbs., $7.80; 20-240 bs., So 240. 60 a $7. I 350 280. Ih 1s, 8 35! 325-350 lbs.. $7. 05; 350-400 1b 60 lbs., $7.05; 140- > bss 56. 55; 120-130 1bs. 863 13. 30; fod Western: IR 510. Sarable 2400; total A read" 8 1b Tor waod od e 0 0) and choice 180- 0-235 1 350: 25h 3.60 00-350 1bs., sows. 140 380 ns 7.40; packing y, [email protected](. Cattle—Sa 300; total 300; me aT ® good heifers, § rs, $11; {a

ood 635-1b. hei sw good and choice vialers,

B., “87: 30: : 130-140 1 120 lbs. calves, 3% 10.50.

1bs., 6.0!

25; lves— $9. "50 10, 30;

$12, 306

7.75; 3.50. Sheep—Receipts, 100; medium nnd good 48- To “wooled lambs, $10; geod ani choice, $10.25@11.

We Own and Offer:

United Telephone Company, Inc. 39, Preferred Stock

Free of Indiana Intangible Tax

Price: 100 and Accrued Dividend

Complete Information on Request.

Cry Secvrimizs CorrorATION

Investment Bankers’

. THE INDIAN

1940

DECEMBER [uel

A War Casuglty

U. S. EXPORTS

COTTON

UNMANUFACTURED

: pecemeer [uel 1939 +

NOVEMBER og Each Symbol Equats 100,000 Bales

Hard-hit by the war have been exports of U. S. cotton, which in December, 1940, dropped to 15 per cent of the figure for the same month in 1939, according to the Commerce Department. Cotton exports figure, for November, 1940, reveals the gradual decline.

N. Y. STOCKS

Anaconda Atchison

Atl C Barker Br

Beth Ste Blaw-Knox

g Boeing ii

utte Cop Calumet &

elanese Celanese

Comwit,

Sous Edison

East Kod Elec Pw El

d Son

Merc Pdr

Ind Rayo!

Libby M

LigE & My

arine Mi

t athieson

cKesson

M V M M Vi V

UTTay

Nat

NY Centra

NH No Am

gmuibus of ..

Out

Pacific Lt

Purity Bak

Tob I Ruberoid

St L So W

Shats

sesnsedioee [email protected] 5 2

Spiege Place

£ § § £ gun Oil pf .

Tex Gulf Pr TWA Oil

apolis Bond

0| based on buyi recent transact

Agents Finance Corp com...

t RR

Sgt 15% So

Van Camp Van Camp

Addresso raph.. Alaska Juneau

ea asian re i

Bendix Avn ..

Budd A

can Pacic.... Ci

pr pf.11 d 6 or pf 2

s Bids at the opening were 25 cents| Shes & Ohl

Comwlth Edison Cons Edison ot 110844 Film pf..

| ee teel i 14 t

Hud Bay M&S. Hupp Motor ...

L-O-F Glass .. McN & L

Inc Lard of .

Penn RR Phillips Bet, | eee

f.. Sears SE ii

Texas Corp . Tide W A oul". pt

Union B&P ....

LOCAL ISSUES

The following « uotations by the

High

Net Low Last Change

Saline

14%

Atchison of .. Line. ...

Bangor & Ar pf 26'% ar: r. 28's

p . 33% i»

athe

“eee eee egy

&% 3 8%

H..

m. Solvents. v8

28% 21% 1

| 35% Dh

f.. Leg,

ectric. .. 81

orth pf... Gulf’ Mob&Oh..

tig ie . 23% Ts

26% 2%

18 18% ; i lO

I+

* FE we ee

+1414 14 0 EE

Pil Tae

+l:

tii LH

H+

* aes

21% 06% 7% 3 18% 144

17 25%

° . oe . .e . oe

18 16 %

39%

87%

104

23%

TVs 4 28% 2%

i 33 ap 35% $2 B."

..161 1

3 3

38% 5%

14% 61

R pr of 1

pf...174

cGraw Hill

Acme ... Nat Biscuit....

Nat Dairy .... Nat Distillers . Nat Mal&Stl C.

ewmont Min

No Avn No Pacific

153 3 1

Pac Am Fish. .25| Pacific Mills"...

% eee 10%

Rem Ran on hr Stl . Reyn

3 69% 4%

pt..

uperior Oil ...

« 33% 99% .. 98 lo 10%

are Co

Stk Yds

CO! Milk p Milk

032 51 a,

‘ Spanis y

85% 3

10% 10%

Indian or not Yepre-

do 8) Es of offerings, But rel tl oF proximate EaTRe: vel A tons. selling quotations o

Bid k

Va 4 55 nu

com ... ds

n American Loan 5s 51 .... Loan

American Consol Fin Citizens In Home T&T Crabb-Re n

ndpls

Trac Term

Home T&T Ft’ [na Assoc it 2,58

Sel dis 61.00 Wa is |

olds- Taye

Corp 5s

e 5%s

Check ltching First Application

SERRE Se ee es a a

steer trade slow, weak to

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ...cvccecavccccecs 118.98 —0.20 Week Ago ... Holiday Month AZO .cececccosscccess 128.65 + 0.45 Year Ago .....c.ccnceeeeees 148.34 —0.31 High, 1941, 138.50; low, 117.686, . High, 1940, 152.80; low, 111.84, . 20 RAILROADS Yesterday Secs etssscssnsenee Week Ago sedsesstssessssces Month AZO cc.vcovesvcsncsns Year Ago High, 1941, 29.73; low, 26.54. High, 1940, 32.67; low, 22.14. 15 UTILITIES Yesterday . Week AZO ..ccavsvncense Month ARO ceseecssnscancoses Year Ago High, 1941, 20.65; Yow, 18.85. High, 1040, 26.45; low, 18.98.

26.75 —0.04 Holiday 20.28 0.38 30.81 —0.25

19.00 —0.04 Holiday 20.18 0.14 26.05 0.05

Net High vast Change Union Carb «ees 63% Un Oil Cal .. On Aircraft .

cece esse

+ % + %

ese

. -_— 3 I — eee Yi Ya

est, | Air Bke.. itv flson oolworth oe

« 19% Vik pf x “Oo .. 414

Yellow Tr .eeeo 13% —p—

Zonite ye..e0000 2

CHICAGO LIVESTOCK

Hogs—Receipts, 15,000; generally. p, $810: lower; jan active a decline;

bulk '180- 1bs., $7. 8.05; 270-1 butchers, ‘$17. LA 90; 270330 2 mostly $7.50@7 80; good and choice 160-180 Ib. light, $7.50@ most g 500-1b. packing sows, $6. 0007, 15; lighter weights

seen

Cattle—Receipts, 10,000; calves, 700; fat 25¢c lower; some biddin or more es mostly steer run id killing quality fmproved; Steers and choice in og Ra Sr ostly of [email protected] market th d on prime steers; medium short fed, $9@11; all other classes of cattle fairly active an strong; choice Soo Prime. Nebraska heifers h heifers, $9@11; cows mon scarce; EN i Ne ht cutter on common set cow type t 6.25; few canners $4.50; ost desirable weighty bulls * s8@8. 16 with $8.25 Be choice weighty shipping vealers to $14 Shepe—Receipts, 5000, late Tuesday; “fat lambs Rostly Oc higher; extreme top 25¢ up at $11.10 on load good to choice 88-lb, fed lambs A LY butchers; practical shipRr top, $10.85; bulk good, 2 choice fed esterns up to 103 lbs. : ediuln to good handyweights, Bae fat join bs opened er but all i ollowing and Sms bids Fey steady; several loads good to choice handyweights and wooled lambs, $11 to packers; some held higher; few sales medium to good handyweight fed {onsen $10.75; no early action on limited supply of sheep.

U. S. STATEMENT

WASHINGTON, Feb. 19 (U. P.).—Government expenses and receipts for the current fiscal year through Feb. 17, compared with a year a 9:

This 42. 851, 813. 31 $5. 856. Sea 971. 54 469,044 3,374,102,729.3 ie 382,828. 1482142241. 4,421 320.82 4 Cash Bal . "329 $781 34 Work. Bal. 1,186,447, Pub. Debt. .46040,16" Gold Res. 22, 3 Customs ..

Expense «85, Sonainte . Ir0Ss Det. 3 Net Def 3,

366.8 303. 32 a 28 568, 8

241.50 1 150.1 0.53 844.23 8.997 602, 316: 08

INDIANAPOLIS CLEARING HOUSE

Clearings ....coocvevevennesceess.$8,384,000 Debs oecosrcernseess rat r eres 8,921,000

FOOD PRICES

CHICAGO. Feb. 19 (U. Michigan Jonathons, bushel, as me —Michigan Squares, [email protected] Spinach— Texas, el 80@85c. Cauliflower. California. crates. 1:50: al Carrots— California, crates 65 3 patimee— California. crates, $1 Toes oes — Tennessee. bushel,

pples— PB eiory

136015 ae ow Toc: michigan > De 0 whites, $1.50; ow, weet

LOCAL PRODUCE

Heavy hens, 14c: No. 2 hens, llc: - horn hens, 9c: No. iy 16¢; roosters, Te. “A" jarge eggs, medium eggs, 13c; Indiana small Grade * Be Tar: ge 32% @33 a» 2, 30%@ r-—~No c: No. 3lc. Butterfat—No. 1, 29¢; 2, 28c. (Country Pickup p prices a od by the

FOREIGN EXCHANGE

NEW YORK, Feb. 19 (U. P.).—Following are noon cable rates on major currencies Ca abe yates, } et Chg. Engla ead ( i: -| Canada Ita and arkka) Switseriand. (rane) B) .. Japan (yen Mexico yo}

und)...

i Speaks Tomorrow

Gorden E. Ellison, field supervisor for Life Insurance Co. of Virginia, will address the Indianapolis Association of Life Under-

LIS

DISCUSS PLANS

TO AID COTTON]

European Markets Cut Off By War; Situation Grows Critical.

By MARSHALL McNEIL . Times Special Writer WASHINGTON, Feb. 19 ~—They’ Te about to “do something for cotton” —something more. Cotton is one of the major war casualties, and the hurts it suffers affects directly 13,500,000 persons, including 10 million who live on cotton farms. Since the Civil War hardly a Con-

gress has convened without hearing Southern members cry, “We must do something for cotton.” Under the New Deal much has been done. But the situation today is acute, and it may get worse. Cotton is geared to the world mar=ket; vast quantities must be exported if the cotton South is to prosper. = Production is running about 12,500,000 bales a year; domestic consumption, needled by Government relief and defense spending, is increasing and may set a record. But exports have dwindled to a thin stream. If we're lucky, maybe 1,500,000 bales will be exported this year, compared with averages of 17,880,000 from 1923 to 1932, and 5,551,800 bales in 1933-39.

Loans Cushion Shock

The war's closing of European and Mediterranean markets is the chief factor in this decline, but production increases ‘elsewhere and the use of substitutes contribute to it. Generally speaking, the war's impact on the cotton states hasn't been felt ere yet, because the

— %|Government loan is a soft cushion.

Cotton that can’t be sold is going into the Federal loan, and already the Government = has advanced $128,556,821 on 2,671,910 bales of this year’s crop. Now it holds cotton it owns and cotton accepted as-loan collateral totaling more than 11,000,000 bales. . This is a great deal more than enough to run the county for a full year. But seeds now being sown will yield another 12,000,000-plus

. bales next summer.

Two Prices Considered

Seeking ways to soften further the shock that’s building up for the cotton belt, conferences are being held almost daily at the Agriculture Department for discussion of new cotton legislation. Among other things, the creation of a two-price system for cotton is being discussed. This would lead to practically a guarantee of a fixed price for the portion of a farmer's cotton consumed at home, and a lesser price for that sold abroad. President Roosevelt has indicated he intends to use powers given him in the Lease-Lend Bill to move some surplus cotton. But Great Britain still has available here about a quarter of a million bales due it under the cotton-rubber barter deal. Moreover, it has colonies and allies that produce cotton. Officials of the defense program had hoped to offset the war's damage to cotton by decentralizing in the cotton belt many of the new preparedness industries. This effort has been only partly successful.

LAUER HEADS SALES FOR STERLING FIRM

A. L. Lauer, formerly sales manager for Dunn Beverage Co. In-

dianapolis distributors of Sterling > beer, has been appointed manager

9 of advertising and sales for Sterllling Brewers, Inc. Evansville. Mr,

past seven years. as sales manager, Mr, Lauer will have complete charge of all Sterling products.

Curtis to Discuss Copy Testing

J, H. Curtis of Chicago, vice president of “The Family Circle Magazine,” will discuss copy testing at the Indianapolis Advertising Club's luncheon meeting tomorrow in the Indianapolis Athletic Club.

Lauer has been assistant sales manager for the firm in the In his new post

No. 20

Your Federal

» »

ment should be attached to the

When a Bad Debt May Be Deducted From Income Tax

To be allowed as a deduction from gross income, a bad debt must have been determined by the taxpayer to be worthless within the taxable year for which it is claimed and, where books are kept, it also must have been charged off within the same year. The necessity for this provision is obvious, If a debt could be deducted without the requirement that it be charged off the taxpayer's books, the certainty of its worthlessness would be open to question. Neither the taxpayer nor the Government could be certain that a debt would not be claimed more than once. If a bad debt were allowed as a deduction without regard to the year when it became worthless, such charges could be accumulated to be deducted in a year when there was a large income.

The burden is upon the taxpayer to show that a debt claimed as a deduction was without value during the taxable year. A state-

any deduction for bad debts. If in the exercise of sound business judgment a taxpayer concludes, after making every reasonable effort to determine whether there is likelihood of recovery, that the debt is of no value, deduction for such debt is allowable. Court action as proof that the debt is worthless is not essential. It is optional with the taxpayer, in a year prior to that in which a debt becomes wholly worthless, to take a deduction for partial loss if partial worthlessness occurs. The provisions of the Infernal Revenue Code with respect to bad-debt and partial bad-debt deductions are not applicable to a taxpayer, other than a bank as defined by the Act, where the debt is evidenced by bonds, debentures, notes, or certificates, or other evidences of indebtedness, issued by a those issued by a government or poli with interest coupons or in registered form,

Income Tax

return showing the propriety of

corporation (including | al subdivision thereof)

STOCK PRICES FALL; TRADING INCREASES

NEW YORK, Feb. 19 (U. P.). — The stock market today declined to near the year’s low in increased turnover, Some resistance developed as the 1941 - lows were approached. ‘This was especially noticeable in the railroad division, where Santa Fe made up an early loss and moved higher, Utilities also gave ‘ground grudgingly. Weakness was noted in steels, chemicals, oils, aircraft and airline shares. . The decline was aseribed to technical factors and to uncertainties over the Far Eastern situation. Business news continued to reflect impetus of the defense program. Steel mills were preparing for an avalanche of orders when the Lend-Lease bill is passed.

Prices for Wheat, Corn Dip Slightly

CHICAGO, Feb. 19 (U.P.).—Initial dealings in the wheat market on the Board of Trade were made at fractions of a cent above the preceding close. At the end of the first hour, wheat was off % to % cent, May 78% cents. Corn was unchanged to off % cent; oats up % to % cent. Rye off % to 11 cents and soy beahs up 1% to 4 cent.

Welding Society To Hear Ohioan

THE INDIANA SECTION American Welding Society, holding its 1941 meeting here Friday at the Hotel Antlers, will feature J. H., Cooper, welding engineer of the Taylor-Winfield Corp., Warren, 0O., as speaker. Mr. Cooper, engaged in research and development work, will discuss “Application of Pulsation Timing to Resistance Welding in Industry.” A 6:30 p. m. dinner and a showing of films of Mexico will precede the lecture.

Mr. Cooper

We Buy and Sell INDIANAPOLIS POWER & LIGHT CO. STOCKS

NEWTON TODD

Lemcke Bldg. LI-6222

writers at a luncheon

meeting in

an and No. 2 eggs, llc; ==

And

ELINED EPAIRED EFITTED | Women's

LEON TAILORING CO.

235 Mass. Ave.

OUTFITTERS TO MEN, WOMEN and CHILDREN

MODERN CREDIT STORE

129 W. Wash, Indiana Theate:

Is Opposite Us.

MARILYN FURS

A Beiter Fur Coat For Less Money!

2440 N. Meridian St.

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

118 W. Wash. Lincoln Hote) Bldg.

WHEEL CHAIRS Why buy one? Rent one at HAAG’S ALL-NIGHT DRUG STORE

22nd and Meridian ——

= T

SHERWIN WILLIAMS

. Has. a Paint tor Every . LESS

WASTE PAPER

AMERICAN PAPER

STOCK COMPANY RI-6341 320 W. Mich.

Special Purchase Fur Felt

HATS $2.00 LEVINSON

Three Stores

FUR COATS Largest Selection IY ANY LIL:

INDIANA FUR CO.

29-31 East OHIO St

NORTHPrank N., of 611 N. La Salle

|$8_W. FALL CREEK BLVD.

USE YOUR CREDIT IVIIOISHSI NS

CLOTHING COMP

131 W. Washington St, Directly Opposite Indiana Theater

CASH .IN A FLA

AUTO LOAN

20 Months to P-A

Ly =

DAILY PRICE INDEX

NEW YORK, Feb. 19 (U, P)~—Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100). Yesterday casavass 133.52 Week ago—holiday. Month ago Ses sccn ttt RIN 124.31 Year BBO «vrvuv.i-ceivaisnens 11994

WEDNESD. , FEB

RESERVE LOANS HIT NEW HIGHS

Commercial Lending Gains 20th Consecutive Week, U. S. Says.

WASHINGTON, Feb, 19 (U, P). —Aided by the 20th consecutive weekly rise in commercial loans, outstanding credit volume of Feds eral Reserve Member banks in 10f leading cities increased $64,000,000 in the week erided Feb. 12 to & new all-time high of $26,248,000,000, the weekly condition statement of the system disclosed today. Member bank loans accounted for $40,000,000 of the expansion, while investment holdings showed a rise of $24,000,000. Commercial, industrial and agrie cultural loans, extending the une broken advance that got under way in the week ended Oct. 2, 1940, rose $49,000,000 in the latest week to $5,173,000,000—a new high since the banks began reporting these loans in their presen form. Loans to brokers and dealers, however, were reduced $10,000,000 at New York and $16,000,000 at all reporting centers. Holdings of U. S. Governmen$ direct obligations were up $18,000,« 000 at New York and only $4,000,000 at all reporting banks, while ine vestments in Government-guarane teed issues rose $9,000,000 at New York and $19,000,000 at all centers, Investments in other securities te« creased $1,000,000 at New York and were up $1,000,000 at all centers.

Indl in A00N elevators are nayi ndianapolis gra i i rE a othe rades on corn; Tiew No. 4 white shelled corn, 5663

1941 high (Jan. 9) .eseess.e 125.21 1941 low (Feb. 17) ...ceveeee 123.0313€

No. 4 yellow ~ shelled corn, 53¢; No, 2 White oats, 3

Oldest Loan Brokers in the State

The CHI

LOANS

146 E. WASHINGTON ST.

on on Everything!

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

EWELRY CO. Ine.

CACO’

Deaths—Funerals 1

Indianap Times, Wednes., Feb. 19, 1941

ARIEON—Nellig, of 1104 Knox 8t., beloved mother of Mrs. Florence Terrell and Charles Arieon, grandmother of three, assed away ednesday morning. iends may call at the Blasengym Mortuary after 2 p. m. Thur service 2 p. Friday ur Shelby Street M. E. Church, Interment New Crown

Cemetery,

BLAISDELL—Sarah Amelia, asa yidoy of She late Elijah Bla dell, of Claude H. ner, Mrs. Edith carroll and Wiliam: Yo Blaisdell, assed a esday mor Senco. 35

years,

able

p Church. Frie! nvited

DOSER Ruby, L., age 68 year Doser, mother of

Angeles. Robert

Tuesda Bros. Friday, Ceme tuary

night. ential Chapel,

ery. Friends, may ter Thursday noon.

Illinois at 10th, urial

GAUGHAN Anthony beloved father of

Ruth

Angeles, died Wednesday. day, 8:30 a. 1734 W. Morris St, 9 m. Assumption Church. Punial Holy oro Cemetery. Friends

= at the home,

GRAHAM-—Margaret Jeanett, -age 43, loved wife of Geor; Borge hn of Letitia M. and Paul Thomas H. Howell, passed pvay ¥ Wednesday. Funeral Friday, 130 p. m,, Shirley Bros. Irvington Chapel, 5317 ‘Washington. 1 Friends may call’ the Chapel after noon Thursday,

GROLL—Barbara, age 84, beloved aunt of

Frank, John and Louis Rentchler, Mrs. Frede. Williams and Barbara Fink, passed away Tuesday. Funeral Thursday, 1:30 p. , at Shirley Bros. West Si Floral Park.

Home. Burial

Friends may call at the funeral home

after 4 p, m. Wednesday. LANNAN — Michael,

Mis. Herschel Kinsolvin, i or Walter RL

as’ Lanna d Mrs.

om an Williams Bt Wash n ion, Ind., died : from

t. Catherine's Church. Burial Holy irons

esday. Funeral Frida: his residence, 1329 Wade St Cemetery. MEN ie G., of 515 N. Senpail, sista? of Har ers rove ov PR away Tuesda Feb. 18, 2:3 » % ¥: pital, steiner 8t., Thursday, 10 a. m. Burial Washing Park Cemetery. Friends may cal Ta p. m. Wednesday. Please oan NICHOLS—Myrtle

(Mar i beloved mother of Earl enor. daughter of Lafe dd oie of Anna 3 oung, Lora Burris, Nettie Woodward,

St., Basted on Mo day, age 57 years, husband Mary J. North, father of Frank T. ot Charles R. North, brother of Mrs. Daisy Schumann and Mrs. Mathey. Services Thursday. 10:30 a arry W. Moore Peace Chapel. Burs Band Ind. p Ri

Funeral Directors " WALTER T. BLASENGYM FUNERAL HOME 2226 Shelby. Main Office. DR-2570.

~ CONKLE FUNERAL HOME

193¢ W. Michigan St. BE-1934 Flanner & Buchanan

TA-33T.

GRINSTEINER'S

1601 E. NEW YORK ____ PERSONAL SERVICE

HISEY & TITUS

RI-5374

BERT S. GADD Prospect St. S.. Hn HERRMANN

ay. Funeral|;

moth~

ning at resis By: Services Thursday, ., West Mic} gan § Brae: Methodist nds Burial Crown gat SHends may call at Conkle Funeral

Ry of Mable Bane Nirs. Ruth Langlais, Mrs. Margates Hartsock, Dorothy Doser of Los Doser of Houston, Tex. Harold Doser, this city, passed away Funeral from Shirley

Glen Haven call at the mor-

neral Fri-

W. Graham, mother Williams Graham, sisetr of Jessie Hamrich and

rk. Irvington,

husbahd of Rachel Lanndn, father of Mrs. Harry Patter-

Lannan, four andchildrens Brother 0 John, hi, James and

DENHALL—ES Rural beloved wife of Dr. William E. MenJenkins, Oown-

0 a. m., at St. Francis Hos- . ‘Funeral at Grin1601 E. New York| EXPERT

ols "Schools & Instructions

Gladys

Lost and Found 7

Ay Large Slack ind white cal male, “Tom el, Rewa _ RI-Ti6D. STRAYED Irish terrier, ward. = % iverside Drive. SEE

Help Wanted—Female 8

Wanted at once; 2 attractive brunettes, age 18 to 21, to protest “Strawberry Blonde,” opening Indiana Theater, starting Friday. Call RI. 6071.

HOUSEKEEPER, work, no Jaundry; Delaware, Apt. 8. YOUNG white girl, stay; housework; ge I laundry. Like children. 0-1 0 cooking. References; $6. GIRL to work in insurance office SR busis ness course. 38% N. Pennsylvania, Room 401. HOUSE Rk "REToat WORK, ODD wi

middle-aged, part time reference. 400 N,

Help Wanted—Male

ARCHITECT and Electrical Engineer

for plant layout.

CURTIS-WRIGHT CORPORATION

1231 W. Morris. BE-7851.

State Employment Service

148 E. MARKET ST. 3 CUSTODIANS, hvy. maint. exp., 35-48,

$65- $83 and a Sb 1 oo PT, MAINT. Man, married, ne 353k $10 4a and NO FEE CHARGED

COLLECTOR — National organization 1 need of collector with som me collest a nd

sae __ 666. Indianapolis. : ne a SALESMAN with car. No house to house canvassing exDerience Necsstal income will exceed $70 weekly, r fed d mane ager. {rains oy, a Cour na, "SAON

AUTO wrecker wanted. Must have tools, _ Maurer Bros. Auto Parts, 918 N. Senate,

Positions Wanted, Female 10

ERIENCED colored woman, house Seanine by day, laundry to bring Poy

Positions Wanted—Male 11 1

QUAKER — Want caretaking or pa . _ pngine; $1 a day. staking or» 1

INDIANAPOLIS MEN, WOMEN. Get OU, Government Jobs. Commence ,105,

month. Prepare now at home, tor fae Skaminations Full particulars, {is Posie Write today. anklin Institute. Dept. 79-T. Rochester, N. ye Personal Services 13 OIL PERMANENT Complete with Shamipo) and trim, $ {

For a limited time only International Beauty School, 229 N. ‘Penn.

TRUSSES 5.

and of OMFU OR E Frauer o > "QUILTING" Colfax, Ind. Rhone 14 on on ADH SPECIALISTS) =

460 E. a

LADIES MEN'S GARMENTS CLEAN" PRESS * REPAIR * RELINE * REASONABLE

MEYER O JACOBS 212-214 E. 16th WA-0084 (BRICK WORK) : ui ook ng Shimney Sor I roofing, ree cia wo teed, | Bimates. RI-2251 81. C H-6156." ‘ OARPENTER — Cement and RACK vo work, roofing and R326. remode fA ND CEMENT WO

mates free. fafa” RE

_(BRICK STONE)

Purpose. Because it Lasts Longer.

| VONNEGUT'S

417 CIRCLE TOWER LI ncoln 5535

rlgonizing worm.” Bim

Toah o in O BLUE ST. ge

Fa Lr

ox, *oables, Fos

APPLICATION i

wad

the Claypool Hotel tomorrow. Mr. Ellison's subject will be “Family and BL

SACKS BROS.

OLDEST AUTO LOAN CO 306-308-310 INDIANA