Indianapolis Times, Indianapolis, Marion County, 18 March 1941 — Page 13

TUESDAY, MARCH 18, 1941 — - THE INDIANAPOLIS TIMES : i i, PAGE 13

COMMODITIES Indianapolis Business Summary PRICES ON Hos For Leaving in a Hurry FLETCHER BANK HIGHER HERE Sn ihe SG JE i + scl ARE UNCHANGED) a aan | PAYS DIVIDEND

Bank Clearings ceennes. $24,902,000 Bank Debits......... ceienereenens $63,549,000 $54,486,000 $52,916,000 $548,319,000 $613,438,000 | > Li : Postoffice Receipts. ......occievns. $85,710 $96,827 $85,339 $944,108 $984,193 : sel ¢ | w |. ; Grain, Livestock Prices UD} | guiding Permits.........oooer. SIZ690 SI9SA50 SISG2A5 S580584 $1874.99 $8.25 Is Top Paid Here as ey Five Per Cent Declaration Retail Trade Steady; HOUSES .....cuseirenassnnsaanss, $55/800 SY23630 $109,100 $403,350 $683,950 8597 Porkers Arrive: ntl = rn Increases Total to

. Apariments ....cevcieesecenae. $185,000 $1,800 $185,000 : 8 Relief Lower. Business rer arb Asn BONED $29,500 $63,300 $90,780 Vealers Gain. 0] : : 83 Per Cent. Inu ween EINE "S150 J Hp U0 : : HOG PRICE RANGE | i Lhe 3 | A 5 per cent dividend to depositors Nepairs & ANGIE. -voovvrs | SSHI0 SRS SIGNS SGM Se | ia ape ¥. CE Jie. X and creditors of the Fletcher AmerSpans : Ita > jis : , sigs > (Mareh 8 Luvin. . iy SEP al ad Whe ; & %N ican National Bank was authorized

Applied for Jobs. .......euvueiens 866 863 642 7,976 7,821 3 Haken B sestasuense 9! i% : ® j en Ne er “n : " > Received Jobs 491 506 298 3,091 4.28% x hin » 0; 10.375 y 3 | y. gains even more last week, the ad- Claimed Unemployment Benefits NIAECh AY corto srt cnon 2.017 BEA % i CLL 1. This payment—totaling $262,000— brings to $6,052,791, or 83 per cent,

Joining indianapolis Times Busi- . pe . A : ness Summary Shows (March 8) ..... "run 2,906 3,063 4,822 41,702 25,575 38.7 [March 12 ..vivniiiianiinenn 0 7.563 | FOE a sal YEH) . [March 18 ..uiusasuansinnses8. 8.841 eg RE le {id the amount the depositors have re-

However, improvements were Freight Carloadings: ce: 5 FEEL Eo } ; i “ day” i made in several ns of business, Inbound .. “As 3,393 4.310 2.401 30.075 34.302 14.1 I - 3 SHINE % Jus 0 oy §1 Sw ; » Seived since the “bank holiday” in Dok SAOWh in He Summary vot Outbound . ‘ves 2,995 1,979 2,191 17,212 17,830 A 3.6 | Harth R 2 33% 3 Ha I Tnowaea me we payments Was by farmers selling thelr erain and Electricity Output (KWH) . coe 13,592,000 13,421,000 11,452,000 130,461,000 142,648,000 + 9.3 van yn en ek = 51200000 to the Reconstruction livestock at local markets and al Water Pumpage (Gallons) 210,850,000 211,440,000 205,160,000 2,382,300,000 2,330,520,000 2.2 | Hog prices did not change in In- oe Finance Corp. from 1933 to 1935. continued decrease in the number Street Car Passengers (Mar. 8).... 1,432,506 1,412,746 1,403,918 13,219,356 13,037,388 14 |dianapolis today, the Agricultural| * easton: Taeiver Der Sent in of persons in Center Township re-| pelephones in Use (Mar. 13)...... +611 +179 4299 94,173 102506 + 88 [Marketing Service reported. | All buildings handling explosives at the huge new $44,100000 |," oH SR C0 OO fed GET

Aviv > . The top held at $8.25 for good and | } ; " : ; ceiving relief. ._| Livestock Receipts (head) “hi 55,696 48,776 57,145 654,769 591,874 98 | hoice LA to 230- a ta Hercules powder plant at Radford, Va. have safety chutes insuring |,.omaining balance, 20 per cent was _quick exit for workers in an emergency. paid in 1936, 10 per cent in 1937,

Hog prices at Indianapolis y . stockvards closed the week 10 to Cattle .........concnnuiiiiennnen 5,370 5,170 6,018 67,504 65,273 XT |were strong to 50 cents higher w ith / 10 per cent in 1938, 10 per cent in

20 cents above the previous week | Calves wuunurentrinnusnssnaneunes 2,467 2,392 2,529 26,976 25,800 43 a hie. 50, : Servi 1939 and 10 per cent last year and about $250 over a year ago.| Ho Peralta MLR ERR es 42,892 37,140 44,442 470,316 424,494 9.7 ie Marketing Service reported . : Packing operations were reported | re SS 1074 1156 $9,663 6.307 149 |1440 salable cattle were received, U. S. Sues Port of Otto J. Feucht, John P. Collett p thee ) 07 15 , , * [509 calves, 8597 hogs and 597 shee and William N. Fleming Jr. are the

profitable and with expected sea- p.| 1 i Bushels) .......... y 2, 16, ,941, ,423, 30.0 | i " : - the Grain Receipts (Bushels). 512,000 592,000 476,000 4,941,000 6,423,000 30 AID GRAIN PRICES N. Y. In Test Case liquidating trustees. They have re

By ROGER BUDROW Most phases of Indianapolis business, running well ahead of last year at this time. widened the

sonal curtailment in supplies, market was afforded some stability.| Corn three siuasusrannens 351,000 405,000 281,000 3,746,000 5,188,000 38.5 HOGS quested depositors to present CouReon: that large quantities or Wheat ..aursesstesssccsnnnnnes 69,000 - 52,000 31,000 231,000 304,000 | 31.6 Barrows and Gilts CHICAGO. March 18 (0. PY. WASHINGTON, March 18 (U. [PR RO BM wis American Na~PBN Sh ve aval lated] 8 wiuveeintnusshunutteriivene 138,000 760,000 830000 4 9.2 {Goa and Cholte— Wher foeores oe the. Board Sti Teg case asain bondholders pay specuiative improvements mn all] Rve . 6.000 100.000 29 000 a 18.0 140- 160 pounds ... , cal ures « 1€ ar 0 of the Port of New York Authority | fats and oils. Y€ ...vccenrnnnasrinnsnncnns ) ) ~y . 160- 180 pounds ... Trade went on the upgrades today.|j b tituted by the B Suv [Beans 20.000 104 v0 04.0 | 180- 200 pounds ... Lig} |has een institute y the ureau, Spread Narrowed Soy S.teiertettrtinnciancens , ,000 19,000 — . 200- 220 pounds |Light offerings were the outstand-|of Internal Revenue in an attempt | Nd ? : : . : : 220- 240 Younds .......se.sn ing feature until the May delivery |to prove that the Federal Govern-| Tm alin ead © attle nar- Sources of ahove figures: Indianapolis Clearing House Association, Indianapolis office of State Unemployment Compen- | 240- 270 pounds reached 87 cents. Sov beans rose | ! 1€ price spreaa on gs © | sation Division, New York Central Railroad, Pennsylvania, Baltimore & Ohio, Illinois Central, Chicago, Indianapolis and | 270- 300 pounds ............ Xe ndtv ; Yo ment has the constitutional right to rowed as receipts increased. Me-| youisville (Monon), New York, Chicago & St. Louis (Nickel Plate), City Building Commissioner, Indianapolis Power & Light 8 54 Boa sharply to the best level since last) tax income from state and municidium weight and heavy steers and| cq., indianapolis Water Co., Indianapolis Railways, Indiana Bell Telephone Co., Agricultural Marketing Service, Indianapolis [Med (November. Other grains displayed pal securities. heifers did not change in price, or Board of Trade, Center Township Trustee, Indianapolis Post office, Federal Reserve Bank of Chicago. { 160- "300 pounds . Ceres a firm sone. N i | It was pointed out by Treasury |r mes Special at most were 25 cents above the = Packing Sows | At the end of the first hour wheat Jawyers that interest on securities | Gooa and Choice— was up 3: to 1 cent, May 87c. Corn of states, territories and political) WASHINGTON, March 18.—Farm.

previcus week. Lightweight year- “ ; lings and heifers gained 25 to 50 C. S 300- 3% poungs avai NBs ‘as Was up 's to lic; oats unchanged | subdivisions is not taxable under) IR aga jh She Sewn, snd cents. The margin is about $1 to ' 1 : 1Ve * / K 330- 360 pounds : 30 [to up !sc, rye up 's to ®sc, and Soy [present law. Public corporations | farther up the map, too, because of

Good — & . N Y k A " ’& |X € 1S up 1 8 ) 1 8 C. SU( as t e 0 ew or u=el I Le : h a h Port f (the per sistence of wet weather,

$1.50 over last year. Little or no N 369- 400 DOUNAS .....vevv.uus i change was made in sheep ana | Py UNITED PRESS 00° 30 bounds 5.95 13 | Sentiment in the wheat market thority, it was contended, do not } t of the field lamb prices. BUSINESS GAINS Net | DOW-JONES STOCK AVERAGES yfodium. "0""% : Olwas influenced by indications that fall into these categories and should | Which keeps them out of the fields Wheat prices rose about 3 cents, | Last Change SNDUSTRIALS 250- 500 pounds ‘“ 5@ 1.00/the U. S. may expect wheat to|not be exempt from Federal taxa- | When spring plowing and planting Saini ” Slaughter Pigs | Prance and Ireland. tion. jought to be getting under way. Per-

corn a little more than a cent.| ] 57 57 ...._ | Yesterady 3.46 +0.08| sodium and Good— Officials said that in event of a Sistence of wetness, boosted by the

Brokers attributed the advance to! A BRP va % 4% 1'weex Are . 0.3% : A fA Bre 1 a Py whEF =h3i1 80- 120 pounds ............. 5.65@ 6.50 big storm that swept from the Gulf defense, prospective farm programs SPT : ied C +181 © 181 © 131 ...._ [Menth A H8 —0.20 7 |decision in the bureau's favor, the Pg I p 4 A 5 Employment, nt, Building n Aic: Chal 2834 3 3 = % iy i RNIN 5 os CATTLE | DAILY PRICE IN E INDEX decision immediately would de-| tO the North Atlantic states, is re-

and inflation talk. Bank Not 3 a vs oe 3 13%: 13% .. High, 1941, 133.59; Low, 56. Slaughter Cattle & Vealers (Receipts, 1440) | NEW YORK, March 18 (U. PD. mand that Congress end the ex-|ported by the U. S. Weather Bue

week ending March 8, a , A 2 3 won . ae retail trade] City Show Increase ir O PIS 2, 55.3. Ba + 1% mish 1010, 132.80: ow, M18A Citite Steers |—Dun & Bradstreet's daily weight-|emption of all future state and |reau in its weekly summary of crop= in Indianapolis department stores| F b 3m} v + 38 36's 36 - 3% 20 RAILROADS 750- 900 pounds [email protected] €d price index of 30 basic com- municipal securities. President | weather conditions. : was unchanged from the previous) nre ruary. Am : 65 + | Yesterday 28.0% 02 390-1000 pouags . . 30 AL gol modities, compiled for United Roosevelt has made recommenda- | It has been abnormally chilly for week, the Federal Reserve Bank of | ] : ww. JAW Ba > 1 } wees (Week Ago 28.00 —0.18| 3001500 pounds ... L [email protected] Press: (1930-32 average equals 100) tions to this effect in the past. the season in the South, too, as well Chicago reported. For the four| Indianapolis’ economic life quick- am T'& 1... Il y, | Year Age . ve B93 A0uS Goode «or 10 05 | Yesterday vee 126.38 EE O — ee as in Midwestern and some Eastern weeks ending March 8, retail depart- ened in February, with continued By 1b B 68'; 682 €Bl; .... Month (ag oe be xk TD , 900-1100 Ds . yv Ra. 00| Week Ago eveey 126.10 states. In contrast, the Northwest ment store trade was 7 per cent the gains in large scale building opera-|am Water W.. 53 53 5 - High. jusl. oh Aw 5:51. 1100-1300 pounds 10 [email protected] Month AZO ...... ens 223532 GOVERNMENT PAYS has had abnormally high tempera= same four weeks last vear. tions and employment, according to ASB cds : 24° 43 243 at kh, 1530. 32.6%; Low, 2.14. 3500. 1500 pounds eeess [email protected] Year Ago .. 118. 36 | | tures, with averages from § tc 11 de= | ee above normal for the scason.

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SSO DIY = . the Indianapolis Chamber of Com-|atl ¢ 16 33 I 15 UTILITIES 750-1100 pounds 9.007 10.25 . = ¢ merce’s nl business review. AG &'W 1 pf 243, 243, 243% + 14 Yesterday ET 04]1100-1300 pounds 00@1025| 1941 High, (March 15) 126.74. . diy {Aviation Corp Y "8 .... |Week Ago 9.58 - 0.01|Common— oi | 1941 Low (Feb. 17) 123.03. | Center Township Trustee Henry| With expanding defense industrial | Month Bro ......vv. 750-1100 unt I Ly hsass 8.00@ 9.00 Incorporations . yA tod BARS tiv ) ” , ’ , , cers, Heifers Mueller reported 3865 active cases | production, industrial employment Bair & Ohio... 8 81: ..v. JYORT ARs ......... . 40.03 | cChoice— ,| CHICAGO LIVESTOCK | NEW YORK, March 18 (U. P.) of relief at the end of last week, 432/rose 15 per cent over January. Bath or Neh 2% 1 241 High, 1911, 20.65; Low. 18.81. 500- 750 pounds [email protected] The American pubiic received te] Graham Hotel, Indianapolis; amendment inactive cases and a total of $39.-| There was a slight drop in payrolls, Beth Steel ... 80 3 I% ve High, 1940, 26.45; Low, 18.03. be pounds oa TO.00G ILD | CHICAGO. March 18 (U. P.).—Hogs oY om Federal. stzte ant loca: of articles of incorporation.’ Wie 884.65 spent on direct relief thus far attributed to a decline in overtime Budd Mig ..... 4 . - Yh | 16,000; moderately active. fully steady on | a OUSSYs y Flattery s D 4

Less Sunshine

dd Wheel |all weights and sows, top, $8.05; bulk oo |governments in 1940 than in any registration trade-mark,

this month. This compares with work. Significantly, the largest em- Burlington M Sh 6500 active cases and 432 inactive ployment gain among industrial | Sosa cases in the same week last year and groups was in durable goods. lornnon Mills .. 3 y,| Std Oil Ind ... an expenditure of $66,777.37 in the! Compared with last year, indus-|Chi Pneu T.... 15! 514 : ve BS Nei. vo 5! : & , same portion of March. trial employment was up 30 per cent | com toed oes * Superhtr

Hi w Choice— 24G 1bs.. $5.9 20. (230-21 lbs,. $8 iClass 38: clothing th ly Ean Change 750. 900 pounds .....e.uiives 10 TS@ILTS | 5.05; 270-330. Ihe S160 700; 160-180 Ibs. Prevics Jer in history, Be The Elwood Water Co., Elwood; dissolus Goo | $7.50 at 10; most 40- o- lb. sows, $6.90@ | to g preliminary estimate issue y | tion. ‘ «oes 10 @l0.75715: f $7.25 and ter h | Empire Stone Co., articles accepting pro hia PO I > downward to $6.50. BETES WeRhy romp the Conference Board today. {visions of General Corporation Act of Cua Pounds [email protected]| ~ Caitle—8000; calves, 1000; fed steers and] The board estimated that total 1920: 2000 shares Of E80 a i st. 3 0 | lings mostly medium weight an : 9 297% 297 5 Su . 500- 500 Year rg NW. very |Government payments in the form indianapolis: agent, Albert L. Weir, same T c ‘ ift & : pounds .......een0.e 1. 8.50 | { weighty steer predominated in run; very Utilities benefited from the fact and payrolls 52 per cent. Heavy in- | Comwlith Rd 1118 1 - “th Sn A ww Cle done: bidding weak to 25¢ lower on|of salaries and wages, interest, pen- address; 100 Shares of $100 vas value; So that Indianapolis had less sunshine |dustries showed an employment cone Coben ky: % os 3: Good . 8.50 ood + to Byerage chal te offerings WHE Soot sions, compensation, relief and other business; Albert L. Weir, George C. Stew2 50@ graqes rather nan CcNnolic - { last week than it did the same week gain of 76.1 per cent and a gain in Cons Son 2 11, % Texas Corp .... 353 5: 3 Cutter “and Common Es vr 20m ot nating: not enough done on weighty steer: \expenditures to individuals amount. ar}, Fred G Johnston, tne. ‘Sokomo: last year. The sun shone 26 per payrolls of 112.2 per cent. 8B OM g ag Thatcher pf ... & 8 Canner ... 75@ 5.50 to make a market; all bids lower, however, ed to $13,200,000,000 in 1940 against capital stock; James G. Funk, Russell H.

Thompson Pr... 3 : yn 1d merous loads without bid; common cent of the daylight hours compared | 3 : | and Bn id rides lif hi stoers and ye ar- | $12, 700,000,000 in 1939 and only $1, - |Galow, Db. P. Whitlock, Paul W, Jackson, to 44 per cent last year. | Curt Pub pr pf Bs 3 «vs | Union B & Pp (Yearlings excluded) {lings steady at $10 2 down to $9; be G ring

It was warmer (an average tem-| With an influx of workers into the! Union Carb vearlings early, $12.40; several loads TR nD in 491%, | Chionicle Publishing co. tac. Marion:

1 \ : - 1.75@ 8.50 yearlings and ‘weighty steers hold above | It pointed out, however, Sha |ementinees of articles of reorganization perature of 35 degrees) than last city, residential building rose sharp- | Beede Su’ i" 207 $13 some heavier above $14; but order| government payments in 1940 con-|

nk rity " > Tow v " ; ’ ; | L 0} 3 shippers going very slow: local week a year ago (33 degrees) but|ly. New construction was the high-| Doehler D cast 2114 2114 , and pounding BI A pats: Of her | stituted a slightly smaller propor- | S uth Africa Sp ends still below normal (39 degrees). It{est since last October when a 12-|Douglas Airc 74! 7

1 | Du Pont classes slow, steady; cows, bulls and | tig) of the total realized national! was also a drier week. Precipitation f

7 Cutter and COMMON +....... 50@ 7.25 K : 146% 14612 : » re p scarce, latter class firm at was site 4 or Sl fve wR was = ; Du Pont of _..124 124" 12 : iy ted Fruit Vealers [& lers very Scarce, latter cl asage bulls | income than in 1939. Last year's|| $100,000,000 Mo as 36 of an inch compared to he largest gains in construction sli I g Elec Pwr & Lt. 3% 3% SS rn:

504 12.56 | to $8.35. most cutter cows, $5 6.50. | payments accounted for 18.4 per : of an inch last year and a normal were in business and industrial ex- | g 73021050 Sheep —9000; late yesterday “fat lambs For U.S A, Supplies

: : 3 S00 I 006 T.50] very Siow. stronz to 15¢ higher: lightel jcent of national income, compared of .83 of an inch. pangion. ol oy building valuation | “oa | Feeder and Stocker Cattle Steers | weights getting most price uturn; bulk {with 18.6 per cent a year earlier and There are no obstacles to this ——————————————— totale 000. la . en Bronze

® | g a | d medium weight | ¢ % — (Receipts, 509) sgn big vo Sia 15: “few choice With a record proportion of 20.1 per|} American export trade. Retail and wholesale firms fol- | Sen Electric ..

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| | fed wooled lambs | Chotce— light oF Jey ights, $11.25; several loads. Scal- |cent in 1938. 200-800 pounds SO In A ate 106 lbs. down to $10.7 Evidencing the extent to which |

i a | sen | Wabash wees Be 5. 5. | 800-1050 DOUNAS .eeovsvsvnsns ©@11.00 | fat sheep scarce, steady: today's trade: fai y ~ . — 13 Wash Gas Lt.. & 914 tye Jambs opening slow: most early bids around | {income from governmental sources! York for Cape Ports tlunce @ or

: ! 2 3 1 | Good — : + %|/Wes Ol & S 1 = sa) 500- 800 pounds 10.00 | steady with yesterday at $10.75% 11.15 has increased in recent years, the weekly. Exchange control us

will y . o rv - ’ : { Yi WoorworneT hand 17% wr 5 2 | He. zoe bounds ‘ean ceeees 8.259 9.00] ml fat sheep very scarce, steady. that in 1930 these payments con- excellent. stituted only 9.8 per cent of na-| South African National Pub-

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TEXAS-NEW YORK lowed normal seasonal trends, with|Gen G&E A 4 \ . en Motors | a slight loss in payrolls from the Gen Motors pf |preceding month. Both activities, | Gen Refract ... 22° odyear hl PIPE LINE PLANNED however: Showed advances over | Gt Nor Ore se I es 1940. [SrevRow Cp.

y | Bank cl 9. ¢ 500- ¢ 900 pounds J DENVER, Colo, March 18 (U. P ank clearings dropped 193 peri... - Ji| Youn Sheet. 341s NY - Calves (steers) OTHER LIVESTOCK [Gional income, and in 1913 only 55 | tishers offer counsel. Apply to

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-—The Stearns-Roger Manufactur- | and bank debits 24.5 per cent Hud & Man | and ehoice— Y oy Sounds down ............ [email protected] | yNCINNATI, March 18 (U. P.).——Hogs— | Per cent. their American representatives.

o from January's 10-year high—at-| ] ing Co. of Denver announced plans Salable, 3300. fotal 3625: hoidovers, mone:

in Tyuré today for a 1500-mile pipe line to tributed to a short month with two Ingersoll Rand .10t 100 500. pounds down [email protected] | 70i ve. generally steady: top, $8.25 for good WAGON WHEAT Int Nickel Ge. 2 la 26 261 ] Calves (heifers) [and choice 200-240 Ibs © 280-300 1bs.. $7.50; Indianapolis grain elevators are naying JOSHUA B. POWERS. INC.

extend from the coastal oil fields holidays. | Int T&T .... = and choice— Sg) | > [50 95 | 300-350 lbs. $7.15@ 7.25; 160-180 lbs. $8; fo 1 wheat, 83c: subject to market 0 pounds down ............ T.75@ 9.25 FCCRl Oty Cod 140-160 Ibs. $7.05%7.40° | ae: OUT a AM I La 220 East 42nd Street

near Corpus Christi, Texas, to New| Relief Lower Bao ark ar ther ter | ohns-M ve JE mn most Food, acking sows occasionally to|corn; new No. 4 i . 98c¢, Yo k and other Eastern cities. 1 Inbound carloadings dropped 7.4 Jonns- Man, 80 60 8 10 500 pounds down .......... “50@ 9.26 | MO; OS 5? | Cosy Na ora Wil pelied corn, 3c ' New York City The line, which the company | SHEEP, LAMBS (Receipts, 507) | Cattle 350 calves, 400; mostly steady: |2 white oats 32e. L

calls “the largest ever contem- per cent and outbound loadings, | Yeni [ov medium good steers $9.25@10; load mbs

5.3 per cent from January. Electric | Kan C Son 830-1b. medi um heifers, $9.75 and odd head

plated.’ would cost approximately powe al NEW YORK, March 18 (U.P). i Sb 655-1b., $10.25; cutter and common r consumption declined 11.2] | Good and choice ... ‘ 0| $8.000000 and would traverse 10 Leh Coal ; —The stock market failed to de- Medium and good ............ a cows, [email protected]; strong weight canners, h > 3 3 : 2 | $4.7 7 1 $7.50@ 8.25; states. An application for actual per cent from the January record, fehman Common . $4.757 5.75; sausage bu 7.50% 8.25

strong, good and choice, $11@ 12; culls Gste for the hearing of objectors| Industrial gas consumption set a| all classes, steady; good and choice & Min . 24% 2 4! % % point loss after an earlier 11 a FT. WAYNE. March 18 (U. P.) —Hogs— PAYMENT oF 4 { has been proposed by Both Center Township and WPA | the company's Johns- . Ne 1bs., $7.75; 240-260 lbs., $7.80; 1% : II's, lever, moved narrowly around its|CGovernment expenses and receipts for the yea™iC Tey 0 740.150 Ibs. $6.85: 130-140 cago and New York. benefit claims filed dropped 54.2| Net Sup 6 pf . 503 1 also held well. Chrysler recovered | This Year y BL roughs, $6.50; stags, $5.25. Calves,

2034 velop a trend today, pri i y : hess bull h 8 40; vealers but was 113 per cent ahead of Lib McNn & L 5% 5° 3% .. tvelop a | ay, prices swing- | Yearling Wethers | weighty bulls as high as Ars ats construction is pending before the February a Se ago. Lige & MT B 87k 1 ing hesitantly in quiet turnover! Gone and choice @ dog; OnE Tr Federal Power Commission and a ; Nara .... 17% ’ ’ through mid-afternoon dealings. | Ewes (wooled) > ? Sheep—250; not enough to make a marO . ane . .C ll be set shortly. it was reported NeW record, with gains of 49 per Marshall Fid . 147 y, |, Bethlehem Steel steadied on a Gon%.Shd,moelce yew: § wooled lambs salable around [email protected]. i . ercr ; cent over January and 26.5 per cent Mo-K T . s," The construction and operation over a vear ago. pe Mok eX oR 2, L'a point drop in reflection of labor ’ TO ag Ru the Reserve y troubles at ) U. S. STATEMENT [220 ibs, $7.95. 180-200 Ibs. Gas Pipe Line Co., and financing! Nat Cash Reg 131% 1 1 1, town, Pa lant U SS mE ‘ D5 J J . 13% 31; 3 —— t > “ . Ste y ; | $7.55: 280-300 1bs.. $7.30: 300-325 Ibs. 5: of the project has been arranged beliet rolls Rus 2 per cent Nat Di les 213 s p el, how-( WASHINGTON. March 18 (U. P). —|§1.55. 280-300 Ibe. $7.30. 300.525 Ibs, $7] COUPON NO. 13 ; ie elow a year ago and job insurance |} + 16% : b - ; : with Glore, Forgan & Co. of Chi- g {Nat Steel - 36% 56% 56% .... (previous of 577% and other steels | pared sith» year through March 15. com- | ys $6.60; 120-130 Ibs., 86.35; 100-120 Ibs.. Out of Texas the line would pass Per cent from January. iy : 5 > : enor Ton walt oF of ro! | Expeness ..88.008.152 020.03 : Fed Western Lambs,” $10.75@ 11 Certificates of Interest Issued by Liquidating 3: thy, | more t a forenoon de- Biber a aamote oan as oa iny aot v gn ; rs 39640 38 © a Trustees Under Plan of Reorganization of

hrough Louisiana, Mississippi, Ala- | ie Rt ri IN Y Shiv ..... 30% : I Prroas] i bp : 5 : 53 .... (cline of more than a point and | Gross Def.. 3.685,934,640.58

bama, Georgia, South and North NO fumer 8 bt. : : a Oe 3a eae Carolina, Virginia, Maryland, North BUSINESS AT A GLANCE No Amr Av : ; : i ,, | General Motors steadied at 43'%, cash Bal... 1.851.262.193 67 | No Pacific off % | ork Bal.. 1,107,109,389.94

sylvania, New Jersey and into New| By UNITED PRESS pi , i Shipbuilding and shipping shares | | Gold Res 29.399 297.806. 46 ik THE FLETCHER AMERICAN

York . | American Gas & Electric Co. |p,cinc wills Ys met support at or just above their Customs .. 242,049,137.79 ‘3, | previous closings, with Newport | 2 3 ”- Ag w "8 NATIONAL BANK OF

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The application for construction! and subsidiaries 12 months ended | | Dackard INDIANAPOLIS [CLEARING HOUSE

Paramt Pict ... |News active and firm in reflection! clearings .. ee 8.3 W i’ ER LE AE 7 {of a good 1940 earnings report. Debits ................ non) TUL fn | Nl. vA » INDIANAPOLIS

to be served by the line contains to $3.02 a common share vs. $13,- | Pathe Film ... three and one-half million users OE] ou Le or $254 in previous 12 lug R ofee > 3

nat ral gas. months. [Enniips Pet 3 % be J — a ub Serv _..... 251. 25% + 1y|able January earnings statement : ~- {Bub Serv § pf..116> : ml ; ith| NEW YORK, March 18 (U. P.).— a Pub Serv 5 pf. 1 : 3c I Utilities again were firm, with X , Mare - FL). : : .. ge . . ~ ; Buty pat To. ack a i x 3 Hn preferred issues in demand. |The United Drug Co. today an-| NAN TE ; Notice is hereby given that Otto J. Feucht, The Little Man Who's Always There! | 4 Special issues attracted atten- [nounced the election of Joseph A.| ER a John P. Collett and William N. Fleming Jr., as

ro 'y, | tion. Market Street Railway prior SAN a president to succeed CRE Le Liquidating Trustees fcr The Fletcher American RENE or hE EE TO aims moe thas pages, | Chairman of the board. | c==n || National Bank of Indianapolis under Indenture of Ructless I & St 13° 1 1 aie Su— 700 Trust dated August 23rd, 1933, have declared a distribution by way of liquidating dividends upon

ars Roebuck 3 1 : wl - = A = Shi Be 3 i «In LocAL 1SSULS hls JEWELRY ls /\ es & the outstanding Certificates of Interest, in trus-

in] a Slowing guotations So aad JRE RAEECASA- Akad teed assets, issued by the Liquidating Trustees, Fr ce RnR uae ui ied . aii Abii, designated under the Plan of Reorganization of

contained estimates that the area|Jan. 21 net income $15,231,999 equal | park" Utan

Dt 00 BI + BI BD

|rails improved slightly on favor- GALVIN ELECTED

« > w

. | indicate the approximate market level . | Sperry Corp... 1% based on buying and selling quotations of The Fletcher American National Bank of Indiancien ay and dis guts Fae. Ye. in. apolis, in an amount sufficient to p Belt RR & Stk Yds p

Std Brands .... 84 61% By + 1, | recent transactions. Stocks FEDERAL a bg CLLRS LT RY Agents Finance Co.. Inc. " Eo SA ibe mini charge Coupon No. 13 attached to said CertifiBelt RR & Stk Yds com 55 : cates

’ I] Central Ind Pow 4.77% | Th | . 1 H | ol Hook Drie Toc com on : i iw: 1 | OMMERCIAL LOANS In accordance with the provisions of said InEME Bee ian IT 0 denture of Trust and of the Certificates of Inter- > rd In Co-operation With est heretofore issued thereunder, the undersigned pe nN Roam Palen. $e 3 THE DEFENSE PROGRAM Liquidating Trustees have deposited in American 4 Q IR Be National Bank at Indianapolis, Indiana, an Lincoln Nat Life Ins com . : amount sufficient to pay and discharge Coupon N Ind Pub Serv 5'%27% pfd.....101 104 A] Y . r - OR . 3 ND (Zn rn Nev v= Digna : | Al ) R | ) | A | NN ) | AL 1; A A K No. 13 attached to said Certificates of Interest. 0 DE Bn a a. pid. oD : Ii lis Accordingly, Coupon No. 13, which should be deé So Ind Ga. §iand i% via... 1 tin: Zl wih tached from said Certificates of Beneficial Inter. Erg gH Peto et es rc Ba fs: K an amp 1 D .e .e wisge 3 Or course no one nowadays ships FIRE-CASUALTY Van Camp Milk com ......... 3 ; ican National ba po pay . Notice is hereby further given that a deposit in

. . Boads via Conestoga wagon. Freight so routed back ‘AUTOMOBILE in pioneer days took weeks, even months to TIONS UIT (Cc. a i NEE an Yom Tilfielen = p> Sali Coupon a3 ‘ Cede ome Wayne 51:8 0010; We 3 i attached to said Certificates of Inter avin reach its destination, ¢ INSURANCE Home T&T. Nu & $802 1 FN EN Ny Ei € Ba | § been made with American National Bank at IndiBut why put up with any suggestion of wagon- : Indpls P&L 3%s 0 10513 107 ; anapolis, depository, in accordance with the profor Careful Property Owners Rk NG ST 64 : : : 3 : i: gi os . : 3153 66 : 3 hi SH ag Si C0 visions of said Indenture of Trust and of said

freight days in your freight shipments? You have : Indpls Wate: Co SL." . : Kokomo Water Works 55 58... Api . . at Substantial Savings Kuhner Packing Co 4125 wo - Certificates of Interest, the undersigned Liqui-

at your disposal the most modern and complete Morris 5&10 Stores 55 50. .... 103 : : 4 ; y P Muncie Water Works 5s 65...104%3 : Ha dating Trustees, or their successors, have no fur-

freight service of the day. Ship Santa Fe! It's Ne SI EGery pe az B00 OUTFITTERS TO ther liability for or on account of payment of said as near as your telephone. For facts, figures, d. 245 6 Pub Serv of Ind 5 p10 00% 108 SAXOPHONE 1 MEN. WOMEN 208 CHILDREN Coupon No. 13, and the holders thereof shall look

. iat . . Per . . and a new conception of shipping satisfacti Richmond Water Wks 55 57... 1041 : : Lesson solely to such deposit and not to the undersigned 3 Te Exdividens. > » Instruction Liquidating Trustees or to their successors in

call yo INDIANA MUSIC co. HE MODERN ‘CREDIT STORE respect of the amount so deposited.

: a | JE P. Fisher,G. A on Everything! 115 E. Ohio St. — LI-4088 129 W. Wash, 430s. te OTTO J. FEUCHT, 11168 {3 Wh W). gh ie Watches, GUARANTEED JOHN P. COLLETT, | utes, Cameras, , WILLIAM N. FLEMING JR. Or write: J. J. Grogan Clothing, Shotguns, Ete. ELMER Men : Wate i J 247 TL i 4

Freight Traffic Manager Ww ’ AT OUR USUAL iqui i The Fletcher A i y est Loa WELR omen’s Liquidating Trustees for The Fletcher American Railway Exchange Bldg., Chicago, TIL Brokers in The ¢ CHIC CAGC JEW hRY EFITTED Clothes S Ll Ee [141 Be Be os I disnspolic weeder Life

the State March » .