Indianapolis Times, Indianapolis, Marion County, 16 August 1941 — Page 11

SATURDAY, AUG. 16, 1041

BUSINESS

Hoosier Concern Solves Problem

Of N

ight Shift's Lower Output/x

———————————By ROGER BUDROW

A COMPANY AT NEW CASTLE HAS SOLVED a prob- A lem that baffles a good many other industries. A night shift that works from four in the afternoon until A

around midnight or so.

This Hoosier firm, Trainor National Spring Co., found,

like others are finding, that its second shift output was falling A It checked over its planning and methods, equipment

off. and light and heat and found wasn’t there.

But checking with their workers, they discovered that while the men were getting enough sleep, it was When they got off work, it late and

the wrong time of day.

was there was noth-

ing much to do so they went home to bed. them

Most of got up about 7 or 8 a. m. Well, was wrong In that. But — and here is where the Roger Badrow trouble they played golf or worked in the | garden or fished, generally keeping]

busy until time to go to work at (20s

four. Of course, weren't nearly day shift was when it arrived for] work an hour or so after getting up in the morning. The firm realized, Factory says, that the men wouldn't like being told what they must do after leaving the plant. So it worked with certain key men, got them to revise their schedules. They would sleep | three or four hours after getting home and then four hours more before going to work again. A light meal at home before the shift, a lunch about twp hours before the end of the shift and their | biggest meal sometime between the two sleeping periods was the new schedule, Instead of

by that time, they]

formed to play after special shows were put on and} there were bililards to be played. The idea spread from the key men to most of the workmen. = t-3 = The result: The production-per-man-hour curve of the second shift was soon above that of the first shift. Only once in a while does it touch or go below. But why should the second shift produce more than the first or day shift? Well, that's something else for them to find out and solve now. » & = ANYONE who has tried to rent] a house in Indianapolis knows that | it is a hard job. The WPA made] a survey for defense purposes and found that only 2.5 per cent of the | dwellings were vacant as compared to a normal rate of 5 per cent. | And only 1.4 per cent of the vacant | ones were habitable. This was in! January. *

Rents have gone up. Between |C2

March and June of this vear, rents in Indianapolis rose 2.1 per cent. That's the Bureau of Labor Statistics figure. 2 = Rents have not gone up here nearly as much as in the boom towns of La Porte and Madison, although such a comparison is hardly justified. At La Porte, close by the big shell loading plant, rents have gone up an average of $35.80 a month or 24 per cent within a year. At Madison, near the big Jefferson Proving Ground for testing guns and ammuniton, rents have risen $380 or 31 per cent.

® 8 =

ODDS AND ENDS: George A.! Mohlman, Package Machinery Co.|

vice president, thinks the Army should get a personnel report irom firms whose emplovees are drafted, to learn if there is possible officer material at once rather than wait six months or more to be ered.” ... The War Department may take over 20 million bushels of Gov-ernment-owned corn to make industrial alcohol. . . . Republic Steel figured out that iis 18 million dollar tax bill the first half of this year would buy 368 medium tanks. Two Indianapolis insurance salesmen have become life members of the Million Dollar Round Table. They are Julian W. Schwab of Indianapolis Life and J. Frank Holmes, an independent, both of whom had to sell $1,000,000 worth of insurance for the last four years to qualify. . . . General Motors Corp. has bought 150 million dollars of tax anticipation notes.

2 STATE AGENCIES T0 AID IN SURVEY

The State Defense Council and State Employment Service an-| nounced today they would co-operate in the Congressional survey of plans for assisting non-defense industries having difficulty in obtain-! ing essential materials. The survey is headed by Rep. Charles A. Halleck (R. Ind). sistance of the two organizations;

was requested by Governor Schrick-|

er. Clyde Fulton of the State Pur-| chasing Department and Harry Rogers of the State Defense Coun-|l cil will go to Washington to study] methods of obtaining supplies needed ! by state and municipal governments.

a there nothing

Was — Aug. during the day, Aug.

as chipper as the |

going directly home | after work, bowling leagues were midnight, | ;

| in 1100 pounds

“discov-|

As-!

that the reason for the slump

PRICES ON HOGS FALL SHARPLY

15 to 25-Cent Decline Puts Top Back at $11.50; 1500 Hogs Arrive.

HOG PRICE RANGE Top *teserrsrescraenesss 11.83 11.65

Receipts 6,000 4,200 4,821 1,500 9.500 6,500

Aug.

Aug. © | Aug.

Tevteresseraarteenn ane

5.500

The 1500 hogs arriving at Indianapolis stockyards today were sold | only at prices sharply below yes[terday’s, the Agriculture Marketing Service reported. Weights below 260 pounds were {15 to 20 cents lower while weighty | butchers, again under pressure, (yielded 25 cents. Today's top of {$11.50 was a full quarter below yes|terday’s extreme peak.

Usually light Saturday receipts

of other livestock provided no ac- &

| curate pr ice test. | pounds pounds pounds pounds pounds | 2 pounds < pounds

CY <1 3 hn CY pt BD wy NNNDD nen en

RIERA

| i 10.4 3 nds 10.35@ 10.45 Medium— i 180- 200 pounds [email protected] a Packing Sows and Choice— 00 pounds pounds 380 pounds Good— 380- 400 400- 450 pounds | 450- 500 pounds | Slaughter Pigs { Medium and Good— 90- 120

pounds

pounds [email protected]

| Slaughter Catt® & Vealers (Receipts, 1500) Steers | Cholce—

| 750- 900 op- 1100 00-1300 1300 1500 | Good— 750- 900 | 900-1100

| i | |

pounds pounds pounds pounds

sess eseantene

2533 Ph fo pt pot

pounds

$A lt fo fk pt Pp pp 0D DD

It is the

DRY 9H

11100-1300 { 1300-1500 | Medium— 750-1100 pounds 1100-1300 pounds

= a0 ov $3 8533 a3

83 ¥33%

8 853 5558

Qo NN oS on

ow oS

ide tessrisesenae 750- 1100

Steers. Heifers Cholce— 500- 750 G

[email protected] ood— 500- 750

pounds [email protected] Heifers Cholce— 750- 900 Good— 750- Soe Mediu oe . 900 POUNAS ...ievtencnnen

Soo 900 1 pounds

pounds [email protected] [email protected] [email protected]

7.00@ 8.75

pounds

| Cutter and common Tr

Medium . Cutter and common . Vealers Good and choice Common and medium . Cull Feeder ana Stocker ‘Cattle (Receipts, 23) Steers “ssssseaanne Saal, 25

Cholce— 500- 809 pounds 800-1050 pounds >o0d—

500- 800 pounis 800-1050 pounds Medium — 500-1000 pounds mon

cl os [email protected]

8.75@ 9.50 7.50@ 9.00

Caives (steers) Good and chotce— 500 pounds down .... Medium — 500 pounds down Calves (heiefrs) Good and choice—

500 pounds down sevens [email protected] edium—

500 pounds down .... [email protected] SHEEP, LAMBS (Receipts, 25)

Lambs (spring) | Good and choice | Medium and good Common

[email protected] [email protected]

Treen.

Ewes (shorn)

Gooa and choice

2.25@ 3.25

CHICAGO LIVESTOCK

Hogs—Receipts, 200; not enough good and choice offered to test Juotsuions; market nominally steady. For the week— Hogs were strong to 10 cents higher on i light offerings, out 10 to 15 cents lower on weighty Puicher or SOW: jght Kinds {scarce and IY 70; weighty butchers scaling 270- 500 oo oP $10.50 all against [email protected] on ‘good to choice ht shoats; weighty packing sows fn[it ed [email protected]; butchery kinds selling ‘up to $10, Cattle—Receipts, 100; calves, none. For | the week—VYearlings were steady to stron medium weight and weight vy steers stea ly to 15 cents lower, mostly 10 to 15 cents sirictly choice steers and yearlings a weights in broad S. reaching $12 and 1465 1bs., $12. | week's extreme top, $12.65 paid for TH as well as 1100-1b. lone yearlings; { highest price, $12.60; 1b. mixed vear{lings selling up to $12. 50; most heavy Jone (red steers, [email protected]; big weights. $11@ {11.60; fed heifers strong, best, $12.25: cows {weak to 25 cents Jower; cows closed full at decline, but bulls strong to 25 cents higher, | weighty sausage offerings reaching $9.40: veaiers strong at $12@13. heep—Receipts, 1000. For the week— Spring lambs were 10 to 15 cents lower; vearlings scarce, steady: fat sheep strong

SKILLED MEN NEEDED IN GOOD CONDITION

Don’t Be Crippled by

RUPTURE

SERVICE RESTORES YOU IMMEDIATELY TO NORMAL WORKING ABILITY.

Get Fixed Up — Quickly—Without Loss of Time. Many Sykes’ users report in only a month or two their

“RUPTURE GONE”

TUESDAY, AUGUST 19 Get Byvkes Service at the HOTEL LINCOLN

Hours: 10-12; 2-5; 97-9. Consultation Free

SYXES SERVICE, general offices 36 S. State Street, Chicago, Ill.

to 25 cents Be strictly choice native springs late 60: best Northwesterns opening early, $11.65 with bulk good and choice natives, $1111.40; throwouts mostly $9 down; best yearlings, $9.40; bulk, $8.50 as. Fev light ewes, $5.25; bulk, $3.75

OTHER LIVESTOCK

FT. WAYNE, Aug A Ag cents lower:

1 U. P.).—Hogs— lbs., $11.35; lbs., $11. 15; $10.90: $10. 4

$10.1

5; 80- ibs, 350-400 lbs. 0.50; gy 0% - $10; 100-130 1 .75; calves, sis: J.

)0-35¢ 50- 16( ag

$10. 33 3; stags, *87 eso: yearlings, $7.

LOCAL PRODUCE

Heavy breed colored hens, 5 Ibs. and over, full feathered, 16¢; heavy Dita hens Tr lps. full feathered. breed hens, 1lc; Le Sn hens, 13c; 0, 2 Leghorn hens, 10c; stringers and White R horn PLD ace, . y 0. horn springers, 2 Ibs. and over, 12c: cocks,

Sc. Butter- -No. 1, J512@3%e: 8515¢; butterfai, No. Ni 33¢.

35¢: (Gountzy icku Sioa ue by the Wi oe pickup Dp! quoted by

Co.)

{ Hudson Motor.

demand at close, j31s L

e Barred | Ni

N No) 35@ | No

—n High Abbott Lab ... 54 Addressogrph . 1314 Air Reduc ON Allegh orp” . 7-1 Al C pf $30 ww 8% Allezh” Lud ™ 3

a0 CALI Dano

he ~10000 wes

pt ENR 5 AEA of

dA dd pt a BEAN eS

APX Am Roll il Roll M cv pf in Smelt : 4 Am Snuff pf..150 iy a Fes. 1332

£3 d= Ne a

[> DIIN BP a hI CD pt fu D

Am 1 Am Am

|Anac W&Cable 311% {| Anchor Hock GI 15% Am T&T rts wi. 134 Am Viscose .... 263 Armour Ill Arnold Const .. Asso Dry Gds.. Asso Inv ... . Asso Inv pf Atchison . Atchison pf Atl C Line. AI G& WI AI G& WI pf Atlas ek Aviation Corp .

J Bald Loco ct...

Barnsdall

Beld Hem Bendix Avn .... Ben Ind Loan.. Beth Steel Bon Ami A..... Boeing Air Bigelow San

4.500 BOD

Bore: Warner Bower R

| Burlington MM.

Burroughs Butler Bros .. Butler ros pf.. 2 Byers, A M .

Cal Packing Callahan Zinc.. Calumet & H.. Can Pacific . Carriers & Gen. SAlerpiiar T +3 Cel anese Celotex 87% Cent Tn Lt pf. TH Sent Viol Sug. 1012 6 pr br. ‘a

1% 61s 45s 23; 7

Cer-td

Chrysler 5634 Climax Moly Vid 2 Cluett Peak ... Col & Aik

{Col & So 1 p! {Col Brosdeast A

Colum Gas ....

0 Col Pictures

Col Carbon

0{Com Credit .... 3{Com Inv Tr ... 29

Com Solvents .. Comwlth & So.. Comvwlith Saison Cong-Nairn Cons Aircraft .. Cons Cop Mines. Cons Edison . Cons Edison pf. Cons Oil Cons RR Cu pf. Cons Coal Cont Bak new .. Cont Can “vs SV

» on

8 co Ors Copa HCO Dn DED ND wT aya = Nr ae SHEERS

Corn Ex Bnk... Corn Prod Coty Crane Co cv of 100°: Cream Wht ... IT! Crown Zeller ... 1314 Crucible St .... $32 Cub-Am Sug ... Curtis Pub ae 1% Curtiss-Wr .... 9% Curtiss-Wr A . 28%

bt Sanh nO Cy ep pr NOR

put N

Cd put NOI ~T Na

15-16 281%

Co 243% 113% 53

197%

Deere &

Dome Mines Douglas Airc Dow Chem Du Pont

East Kodak .. Eaton Mf . Elec Auto-

E Pw & L $6 pf End Johns Eng Pt Erie Erie 1 pf Eureka Erie ct Erie pf

SW Gy a Ba oF

Fair. The of .. Fair Morse

Fruehauf tr Fid Phen Firestone T 17 Firestone of Al 2 Flintkote Francisco Sug.. Freept-Sulphr

Gabriel A Gar Wood Ind.. Gen Bronze ... Gen Electric ... Gen Foods ..

“Tg ned Hy a oof

00D

G “ii Gen Stl C pf... 00 Gimbel Bros ... Goodrich Goodrich pf ... Goodyear Graham Paige.. Gt North of ... 26 Gt W Sug pf... Greyhound Cp .. Grumman Air E Gulf Mobile Oh Bis

ry @ a yd A

Hall Print Harb Walk Hayes Mfg ... Hecker Prod ... Holly Sug Homestake Houd-Her B Househd F .. 49 Househd F pf.. [101% Houston Oil . Hud Bay M & S 20% 9-16

Ela

1134 49 101%

4 20 31%

Hupp Motor 7-16

Ill Central Inspiration Cop. 11% Interlake Ir ... 8! Int Harvester...

9 113% 8

In Int Int P&P In Int Int T&T In Inst D 8 11 11 Island Cr Coal. 313 313 — 3712 . 65%

37 25s 27%

Jewel Tea Johns-Man Kennecott Kresge SS Kress ....coie

36 651% 367% Be

ln . 133% . 237% 1 .;. 15% . 31 RR.. 27% Libby McN & L 5% Lily Tul Cup... 20 Liq Carb 1% Lo Srucian. . 2674 Loe 345s I “Beil A g8 Lou & Nash ... 687% Ml Mack Tr 29% Macy RH 23 Manati S . 4 Marshall Ya . 14 Martin Parry . 8 Masonite Corp. 23% Mathieson »¢ | 174

Melville Sh Mesta Mach

t Dair Net Dierilters . Nat Gypsum ..

Led » © 00 CO iw Yt OF a OF of in

See Brie AS CORINA - WRN

Net

Close Change

ja 1a 1a

8 | Today

. . pa

Flier fo Faia 5 & !

a - Ne

hp ® ar ew

FEE I Lr

- -

FF be +4

. . vo .

Lb Hal

-w

rE Hf

5 | Yesterday

x Month Ag0 .......iciilaiiin

HIMonth ARS ...ciiiiiousenie

. Com & South 76

6 Goodyear

py oa de

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS

TOAAY ....oienetieicncnenss 12305 Yesterday .....covceenncnes. 12490 Week AZO ....covveenenenae. 126.40 Month Ag0 .......vvevvnee.. 127.98 Year Ago ...... «ve 12198 High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84.

20 RAILROADS Toa» 29.85 29.81 29.85 29.51 Year 320 ..c.. ooo ive, 26.27 High, 1941, 30.88; Low, "96.54. High, 1940, 32.6%: Low, 22.14.

15 UTILITIES

SYteettiseecerrecanen

+0.15 —1.06 —1.08 +0.29 +0.70

Tessa

Terese ssc stasetsenne Svtseeresrentanene

“ssseresessssenen

Week Ago

18.31 18.29 18.58 18.51 21.63 16.82.

Yesterday tesrsersstiennes Week ARO ..ciccitetiarsossss

Year Ago High, 1941, 20.65; High, 1940, 26.45; Low, 18.03.

15 MOST ACTIVE STOCKS Sales Net (in 100s) High Low Close Change 3% 3% 3% Sve 5% 1% 3% 3% 5% 53% 5% 53% 381% 37% 38 14 13% 14 15235 1523 1523% 8% 83% 83% 37 53% 5% 8 8 8 Tg TH Tg 673% 67% 673% 231 233% 21% 2915 283% 291% 1815 18% 1814

U S Steel.... Libby McNeil. Stand Brands. Gen Motors .. Para Pict

24 202 18 17 16 14 Burroughs . 14 Dela & Lack.. 13 Reynolds Sprg 13 Amer Wool ... 13 Beth Steel.... 12 Penn RR..... 12 South Ry ot. 12 12

56 %

13 1% 34 ! 15 Stock sales were 120,000 shares, smallest for any two-hour session since Saturday, May 31, when 110,-

H+ FH ++ +

THE INDIANAPOLIS TIMES

FINAL N. Y. STOCKS

By UNITED PRESS

PAGE 11

BUSINESS HERE ROSE IN JULY

Bank Clearings at Highest Since 1929, C. of C. Report Says.

The trend of business and em-

> ployment in Indianapolis continued 7|upward during July,

according to the monthly Business Review, pub-

of Commerce. Industrial employment increased 7 per cent over June and was up 35.1 per cent over July a year ago. Retail trade during July was up 145 per cent over the same month a year ago but was 15 lower than June sales. Wholesale trade was up 2] per cent over June and 5.7 per cent higher than July a year ago. Bank clearings last month reached the highest figure of any month since 1929 and bank debits were the highest in history of the Indianapolis Clearing House. Bank clearings totaled $118931,000, a gain of

¥%129 per cent over July a year ago.

Bank debits were up 26 per cent over July last year. Permits were issued last month for more than $1,500,000 worth of buildings, an increase of 16.6 over June and 20 per cent more than July a year ago. More than half of the total value was for new homes, an increase of 72 per cent over residences started in July, 1940.

000 shares changed hands. Last Saturday's sales were 320,000 shares. | Curb Stock sales were 29,000 shares! against 63,000 a week ago.

scl

High Low 9 57% 7 TV

Net Close Change

Ohio Oil . Omnibus ....... Omnibus pf ... 7 Otis Steel .....

9 57%

~N BIO +t CO hn UN LO CO GIO he Cy

BD bt pt

Penn Coal&C .. Penn G Penn RR Pepsi-Cola

BO ps 100 Mey ww

Postal Tel pf.. Press Stl Car .

> lings to close

Heavy industrial gains were re-

| flected in industrial gas consump-

tion. This showed an increase 46.5 per cent over consumption of gas by factories in July last year. All other industrial utilities showed increases last month both over June and the same month a year ago.

WHEAT PRICES LOSE

: GROUND AT CHICAGO

CHICAGO, Aug. 16 (U. P).—

ness immediately after the outset]

. lon the Chicago Board of Trade to-

day, but lost ground in later deal- % to % cent a bushel lower with Sept. at $1.1115, Soy Beans finished 3: to a bushel lower with Oct. at $1.45% @ 1.45; corn off 12 to 3ic, Sept. Th: oats unchanged to off %:c, Sept. 41%c and rye was 2 to 3c lower,

Real Silk Reliable Siores Reo Mot vtec. Republic Stl ... Republic Sti pz Revere Cop: . Reyn Spring. Reyn Tob “e Richfield Oil ...

134 83% 15g

8 323% 10

8 . 323 107%

St. Jos Lead.... 345; Savage Arms .. Schenley Dist .. 1412 Sea’d Air L pf. Y% Sears Roebuck.. i Servel Inc Sharp & D .. Shattuck

Sperry Corp .. Spiegel Inc ..... Spie

Stone & Web .. Sun oil ofA... Sunshiné Min .. Superior Stl ... Swift & Co .... Swift Intl

CA bu

FIDE ON UN aT frat OD 1

ir oF oF Ea 1000 00 0 OF a op

Tide W A Oil... Transamerica Truax Tra . 20th Cent- Fox . Twin Coach ....

Ik yet pk oF 000 ARNO 0 [= J pu ve pa Cy

—- DS

ND £0) rt bt C3 bt OO STDIN CD | DD rt ht tw} pt OD GO ” Bp gy Na NES

United Cp pf .. United Drug ... United Fruit ...

~1 3

w ar

Rub 1 pf.. U S Steel

Vadsco Sales . vadsco pf ...

WwW, H-G&W ...

West Union .... West Air Bke... West El 1 pf... Weston EI In... White Mot o Willys Ovrland Willys Ovrld pt 41% Woolworth ... 30 Worthington Wrigley

Yale & T . Yellow Tr with Young S & W . Young Sheet . Young Sti Dr .

Curb Stocks

Net Low Close Change 112% 113.6 — 1% 3834 393; J 54 24% H% % 1% . 29% 2914 Sle 51% 17 10 T% 35 758 1% 59

iN 4

High Ahm Co Am. 1127 ) B... 393%

[1 -

ft pt

or TA) uF aY WO rt FLD JD

Equity Fairchild Eng&A Glen Alden ....

Niag H Pwr .. 2% Dan tepee oil Ve 41 Pennroad ery Cent Kir... Phoenix Sec ig Goud... ge » Republic Avn . al Lock

2 s

- 193% 78,

Shattuck Dn ... Sherwin-W .... Singer Mfg .... Sterchi Bros ... Technicolor ....

U. S. Government Bends

lest 03.1

5 8 srs

slioct..

S1loose, $9.60;

. Sept. 673sb,

RANGE High Low $1.1235 $1.113%

1.16% 1.147% 1.19%, 1.18%

Wheat— Open .$1.117%

1.15% 1.19%

Prev. Close Close $1.11'2 $1.12'% 121%

Sept Dec... May.. Corn— Sept.. .78'% Dec... .817% May.. .853 Oats— Peo 413% 42 447;

47%

18% 817% 857% 417% 42 45

477%

SiT3% 807s

677% .71%% 76 1.457 8 1.45% 1.473% 1.511% 9.77 9.92 9.95 Dec...10.15 10.17

Jan...10.25 10.25 aAsked:; bBid; *New

681% 12% L763 1.47 1.47% 1.48's 1.513; 9.82

.67 . 70%

*Oct.. 1.45 1.45 1.46% 1.497% 9.77

9.92 10.12

10. hn 701

Dec... May La Sept.

Oct.. 92a 10.12a

10.22a d.

CASH Wheat—No. 1 hard, $1.10'%2: No. 2 hard. [email protected]% No. 3 hard (weevily), $1.083%; No. 2 hard (tough), [email protected]%: No. 2 yellow hard, [email protected]: No. mixed, $1.09! Corn—No. 5 mixed, 81lsc: 7412@75c; No. 2 yellow, 74!: yellow, 74@ 7434¢; No. 4 sellow. No. § yellow, 2@ PiElee; No. 5 white, 81sec. 2 yellow, SL 5512; No. 4

. 1 mixed heavy, 39!2¢; No. white, 40c: No. 2 white, 3914@40c;: No. white, 37'2@39¢c; No. 4 white, 34@363c: No. 1 red special heavy, 393c; No. 1 red special, 3915c. Rye—No sales Barley—Malting. 58@68¢c, and screenings, 43353. nominal; No. barley, 58@60c: No. 2 barley, 68c: No. i barley, 52@58c; No. 2 malting, 64c; No. 3 malting, 63@ 68¢ $9.82, nominal;

Cash Provisions—Lard, leaf, $10.25, nominal; bellies, nominal,

No. 1 vellow, @75¢; No 7212 @73¢;

nominal;

$12.25,

LOCAL GRAIN

CASH '

Syheat_Steady, receipts, « 1 red, 98@%%¢: No. 2 No. 1 hard, 96a 97c- No. Corn—Steady: receipts, 2 vellow, 683;@69%%c; 6634 @68Vsc: white corn, low: mixed 1@2'2¢ under Oats—Firm: receipts, 5 ‘carloads: No. 2 white, 3415@351%¢: No. red, 34@35c. Soy beans Steady: receipts, none: No 2 vellow Indiana, [email protected]; No. 2 vellow Illinois, [email protected]. WAGON WHEAT

Up to the close ot the Chicago market today Indianapolis flour mills and Sail elevators paid 95c per bushel for red wheat (other grades on their merits), and paid 68c per bushel for shelled new No. 2 vellow corn: No. 2 Rhite shelled corn, ie No. 2 white oats, 3%; No. 2 red oats.

NEW CASTLE BANK PAYS 104 PER CENT|™

NEW CASTLE, Ind. Aug. 16 (U. P.).—J. F. Russell of Greensburg, receiver for the Farmers First National Bank here which closed in 1933, announced today that final liquidation of the institution was complete. Mr. Russell said 104.5 per cent had been paid all creditors and that $4545 in unclaimed credits were on file with the comptroller of currency in Washington.

2 carloads; red, 96@98c: 2 hare 95@960. 46 carl ads; No. No. 2 yellow, 7@8c over yel-

"BUDD REQUESTS OLD

RAILROAD TRACKS

WASHINGTON, Aug. 16 (U. P.). —Abandoned street car and railroad lines will be torn up to provide more than 232,000 tons of scrap iron and steel for defense, Defense Transportation Commissioner Ralph Budd said today. The WPA will help provide funds

»|and manpower to remove the rails

and make necessary repairs to city streets.

Foup Ekices

1 Carrots—California. S0@ . __ Lettuce—California. [email protected]. New Crop tatoes—Tennessee, bu., $135@1. (50 1b. sacks)—Illinois vellows. : Minnesota vellows, 95c¢; Wisconsin yel- : Iowa whites, $1.50: Washington Sweet Spanish, $1.35.

FOREIGN EXCHANGE

NEW YORK, Aug. 16 (U. P.).—Following are closing cable rates on major currencies: Cable Rates Net Chg. England ( und) «.......$4.033; +-.00% Canada (dollar) ..... . Cuba (pe

Th mi

ARAAR LE RY

i El

lished by the Indianapolis Chamber | #8

Wheat had a brief period of firm. |

5% cent

feed In

Joins Firm Here

Frank A. Ungles of Des Moines, Towa, has been named executive vice president of Commercial Underwriters, production unit of the newly-formed Commercial In® demnity Insurance Co. of Indianapolis. Mr. Ungles was a founder of Southern Surety Co. and Southern Fire Insurance Co. and has been doing specialized work in casualty and surety fields in recent years.

STOCKS HIGHER IN QUIET TRADE

Commodities Turn Lower; Bond Prices Change Only Slightly.

NEW YORK, Aug. 16 (U, P.).— Stocks moved irregularly higher in extremely quiet dealings short session today. The few commodities traded turned lower, The stock list opened about steady and then edged up narrowly around closing time. Changes were small, Bonds also were changed only slightly. U. S. Governments were dull, foreigns mixed and domestic corporates about steady. Wheat slipped down from early firmness to small losses and most other grains also had narrow declines. Cotton was down a few points.

Chicago Stocks

High

Low Close

Aviat Corp. + ....covnivves *Am Rad & SS ........ *Anaconda Am T&T rts Bendix Aviat ..

Comwlth Edison Cesena Consol O ‘es Corte Deny er

Liquid Carb ‘hes McQuay Norris ..... Merch & Mfg A Mid West perp ‘ee Mid U Fs.

* Unlisted

LOCAL ISSUES

Nominal quotations furnished by local unit of National Association of Securities

Dealers. Stocks Bid. Ask

Agents Finance Co Ind com... Agents Finance Co Inc ids Belt RR & Stk Yds com. Belt RR _& Stk Yds ofd Central Ind Pow 7% pfd Circle heater com Comwlth Loan . . 143%, e T&T Ft Wayne 7% vid. 50 a asso Tel Co $5 ofd.......104% Ind & Mich Eis EP pfd.....10 Indnis Gas col Ind. Gen. Serv, eo ofd” seesei09 Int Hydro Elec 1% Indpls P&L 5 ndpls P&L Ady Indpls Water 65% pfd 1ndpls Water Class A

Serv 51, N Ind Pub Serv 67% td N Ind Pub Serv 7% p 9 ®rogress Laundrv com So Ind G&L 4.87%

0 Terre Haute Elea Dy Union Title CC COM voveveenes. Van Camp Mitk 1 CL ii 87 Van Camb MIli¥ com ....cee.. 11 Bonas Algers. Wins'w W RR 4%s ...100 American Loan 5s 51. 99 American Loan 5s 46.. Sent Rs A 2-81 h of Com Bldg Co 4%s 61. Cnn Ind Tel 4s phn 1 Gonsol n 5s Crabb-Revnolds: Tavior Bs 4 Home T & T Ft W

0 4%8 55 Richmond water Works 6s 57. 100° ¢ Term Corp 8s 67......... 1 CEx-divide nd.

U. S. STATEMENT

WASHINGTON, Aug. 18 (U. P.).—Government expenses and receipts for the current fiscal year through Aug. 14, compared with a year ago: This Year Last Year

Expenses . 32 381,017,293. a $1.170, 324. as 43 Receipts . 63 137.2 623,217,983.1:

41 Pub Debt. 150, 103, 079, 597.14 43, 842, 1531, ny 67 Gold Res...22,703,48 it 492.15 20,688,745,027.18 Customs .. 53.749,232.70 36,329,182.32 INDIANAPOLIS CLEARING HOUSE Today Clearings .....ovovvuvine Debits ..

Dlearings CEbasessetstuie eaeses 25,858,000 Debits . . 61,6 ,653,000

4! 12; 351,000

Tass enes

#_ AND EVERY =~ SATURDAY 5

AS GUY - LOMBARD

and His lis Royal Cana Canadians

WFBM. =

Immediately FoHowed by CITY DESK

TPM C. D.S. T.

in the|are to guest star on the Summer

ON THE

TONIGHT

8:00—Your Hit Parade, WFBM. 8:00—Barn Dance, WIRE, 8:30—Baseball, WIBC. 8:30—NBC Symphony, WISH. TOMORROW 11:30—Radio City Music Hall, Ww

ISH. 2:00—Columbia Symphony, WFBM. 2:15—Baseball, WIBC. 3:00—Chautauqua Symphony, WIRE. 6:00—Reg’lar Fellers, WIRE. 6:00—Rookies, WIBC. 7:00—American Forum, WIBC. 7:00—Star Spangled Theater,

WISH. 7:00—Refreshing Music, WFBM. 8:00—Summer Hour, WFBM. 9:00—Take It or Leave It, WFBM,

RADIO

old man,” will make his only radio appearance of the season when he appears tomorrow night as guest of Bill Stern, 8:45 o'clock, WISH.

tJ 8 8

Rep. Louis Ludlow (D. Ind.) will be heard tonight from 9:30 to 10 o'clock over WIRE.

8 o "

Jessica Dragonette makes her first appearance as a regular on the Saturday Night Serenade tonight, WFBM at 8:45.

# 8 2

Mrs. Eleanor Roosevelt is schede uled for a broadcast over WFBM Monday afternoon from 3:45 to 4 o'clock. = ” 2

Vincent Lopez is looking for a

new girl vocalist. Ann Barrett is leaving the band to step into a role

A glance at tomorrow's good music offerings: Sondra Bianca, 10-year-old con-| cert pianist, hailed as one of the most promising musicians of recent times, is to play a return engagement with the Radio City} Music Hall, 11:30 m.,, WISH. Other soloists on the program will be Robert Shanley, baritone, and Antonio Coppola, oboeist. Bernard Herrman, youthful symphony composer, will lead the Columbia Symphony Orchestra at 2 p. m,, WFBM. Featured artists on the Pause That Refreshes on the Air pro-|. gram, 7 p. m,, WFBM, is to be Donald Dickson, dramatic baritone and star of the vacationing Charlie McCarthy program. Rosemarie Brancato, lyric coloratura soprano, and Dennis Day, tenor vocalist of the Jack Benny program,

Donald Dickson

Hour, WFBM at 8 o'clock.

in “Panama Hattie.” She replaces Betty Hutton, also a former Lopez vocalist. o » 8

Robert W. Patterson, Undersecre= tary of War, will be heard on toe night's Defense for American proe gram, 6 o'clock, WIRE. Walter D, Fuller, president of the National Association of Manufacturers also will be heard on the program. It will be the 26th broadcast for radio’s oldest defense program.

un ” ” Evan Walker, public relations director for the Indianapolis Street Railways, is to be the guest speaker on the public library’s For Businesse men Only program tomorrow night, WIRE at 9:30 o'clock.

# 2 #

Paul V. McNutt will be heard toe morrow from South Bend at 11 a. m, over WBBM addressing the opening of the Indiana State American Le= gion convention. His topic will be, ‘Americans’ Security First.”

eee oe i eri PAYS OFF $2,000,000 NEW YORK, Aug. 16 (U. P.).— The Southern Railway Co. today reduced its outstanding bank loans by $2,000,000 to $6,000,000. Last May the carrier negotiated bank loans amounting to $10,000,000 to retire Reconstruction Finance Corp.

Connie Mack, baseball's “grand

LJ o 2

indebtedness.

THIS EVENING

(The Indianapolis Times is not resp

onsible for jjscouracies in program ane

nowncements caused by station changes after press time.

WIBC 1070 (Mutual)

Van Der Veer Saratoga Races Hear America I Hear America

Music Interlude Shep Fields Dick Harold Bert Wilson

News Tropic Moods Confidentially Inside Sports

Green Hornet Green Hornet Hawaii Calls Hawaii Calls

Music Interlude Teddy Powell Baseball Baseball

Baseball Baseball Baseball Baseball

Baseball Baseball California Musie California Music

Bobby Byrne Bobby Byrne Skinnay Ennis Skinnay Ennis

WFBM 1260 (CBS)

100 Meadowbrook Mat. :15 Meadowbrook Mat. :30 Meadowbrook Mat, :45 Meadowbrook Mat,

:00 Charlene’s Songs 5 Fire Fighte 0 BODE 35 Gilbert Forbes

:00 Serenade

:00 Guv Lombardo 115 Guy Lombardo :45 City Desk :00 Hit Parade

‘45 Sat. Serenade

:00 Sat. Serenade :15 Fublic Affairs 130 Four Clubmen 45 U my

100 Gilbert Forbes '} h

:45 Linda Cotta

:00 Charles Spivak :15 Charles Spivak :30 Carl Hoff 145 Carl Hoff

WISH 1310 NBC—Blue

WIRE 1430 (NBC Red)

World Is Yours News World Is Yours Saratoga Races Playrround Dolly Dawn R, A. F. Pilots Dolly Dawn

Three Sons Vladima Brenner Sports-Music Concert Musicale Dr. Van Kirk Ankara, Turkey Dick Reed Luke Walton

American Defense |Saturdav Varieties American Defense | Saturday Varieties Rhythmaires Behind the News

Latitude Zero Latitude Zero Truth Or— Truth Or—

Barn Dance

ews Abe Lyman

Bov Meets Band Boy Meets Band Bishop & Gargoyle Bishop & Gargoyle

Spin and Win Spin and Win Summer Symphony Summer Symphony

Summer Symphony Summer Symphony 5-Star Final Charles Dant

Herbie Holmes Herbie Holmes Ray Heatherton Ray Heatherton

News Will Bradley Matty Malneck Matty Malneck

Barn Dance

Carlos Mollina Carlos Mollina Rep. Ludlow Rep. Ludlow

Dick Reed Russian Choir Bob Chester Bob Chester

Carl Ravazza Carl Ravazza Orrin Tucker Orrin Tucker

SUNDAY PROGRAMS

WIBC 1070

M 1260 we BS) (Mutual)

Gospel Hour

Timely Tunes Gospel Hour

Timely Tunes

Hallelujah 4 Jones Singers Calvary Calvary

Southland Echoes Southland Echoes Allen Sunday Minstrels

Hit Revue Hit Revue Lester Huff Experience

Purch of Air hutch, ¢ of Air

C C C C. C. C.

30 At the Zoo 145 At the Zoo

:00 Paul V. McNutt :15 Paul V. McNutt :30 Opera Gems :45 Round Table

:00 Gilbert Forbes :15 That Year :30 You Decide :45 You Decide

:00 Invitation :15 Invitation :30 Syncopation :45 Syncopation

ony 1onv 0 GBS ymphony 9 CBS Symphony

:00 Walter Gross 15 Walter Gross :30 Spirit of '41 :45 Spirit of 41

100 Young Ideas

Tommy Tucker Tommy Tucker Rhvthm Fashions Rhvthm Fashions

Master Singers Salon Strings Rest Haven

Hi-Lites

Sun. Derenads Basebal Baseball Baseball

Baseball Baseball Baseball Baseball

Baseball Baseball Baseball Bert Wilson

Rookies Rookies Dick Jurgens Wythe Williams

Air Forum

ymp vimp

§ § £

:30 :45 Rbhvthm Ride

:00 Silver Theater :15 Silver Theater ‘30 Gene Aut:iv 145 Gene Autry

:00 Dear Mom :15 Alfred D.C Cooper

:00 Refreshing Music :15 Refreshing Music

Vincent Lopez

Revival Hour Revival Hour Revival Hour Revival Hour

Nobodv's Children Nobodv's Children Cab Calloway Cab Calloway

Answering You Answering You Jan Savitt Jan Savitt

Bobby Byrne Bobby Bvrne Jimmy Jov Jimmv Jov

Charlie Barnett Charlie Barnett Art Jarrett Art Jarrett

Take It. Leave Ii Take It. Leave It Workshop Workshop :00 New ‘15 Linda Cotta :45 Masterworks :00 Masterworks

0 Vaughn Monroe Vaughn Monroe

WIBC 1070 (Mutual)

Home Frolic Home Frolic

Breakfast Jam Breakfast Jam Breakfast Jam Breakfast Jam

News Bounqup Melodie: Bandwagon Devotional

Meloni Moments Huff

Leste gin oe Strings uddv Starcher

Friendlv House Frienclv House Melodv Strings Bill Jones

John B. Hughes Airliners Community Hall Boy Greets Girl

Mid-Day News Farm Flashes Front Musical Mixup

Request Time Request Time Request Time Request Time

On the Circle Music Interlude old-

WFBM_ 1260 (CBS)

30 Early Birds 45 Early Birds

0 European News 5 Early Birds 0 Earlv Birds 45 News

:00 Mark Time :15 Mrs. Far :30 Mrs. Farrel :45 Church Hymns

:00 Kathleen Norris :15 Myrt and Marge :30 Stepmother :45 Band of Day

:00 Treat Time 115 Ma

0 1 3

8: 6: 7: 9: 1: T:

! ste 145 Aunt Jenny :00 Kate Smith

45 Gal Sunday

:00 Noon-Tunes :15 Gilbert Forbes :30 Farm Circle :45 Farm Circle

:00 Dr. Malone :15 Joyce Jordan :30 Fletcher Wiley :45 Woman in White

:00 Linda Cotta :15 Song Treasury :30 Renfro Valley :45 Lecture Hall

90 Masterworks Masterworks Bill Perry Mrs. Roosevelt

00 Song Shop 13 80 Song Shob :3 :45

EOD hob

Pl ft fp | ot Pt fn po fd Yt fk pt

Top Tunes Music Box Kevboard Kapers Tea Time Tunes

Louis Prima John Sturgess Meet the Train

MUTUAL—-WOR, 710; WHK, 1420;

Noondav Rhvthms

Here Comes Band

Page Farrell

Time Varieties Old-Time Varieties

Opportunity Knocks

WIRE 1430 (NEC Red)

Gene & Glenn Christian Science

Ford Porter Ford Porter Words and Musie Words and Music

Olga Feld Olga Feld Tom Terriss Yoichi Hiraoka

News Rockv Rhapsody Lee Gordon Lee Gordon

Desi Halbon Desi Halbon Services Services

Sundav_ News Silver Strings Charles Dant Charles Dant

Upton Close

WISH 1310 NBC—BIlue

Sunday Serenade Sunday Serenade

Gospel Tabernacle Gospel Tabernacle Gospel Tabernacle Gospel Tabernacle

Melody Fantasy Melodv Fantasy 101 Bible Class 101 Bible Class

Graziolla Parrage Piano Quartet American Review American Review

American Review American Review Radio City Radio City

Radio City Radio Citv R. A, F. Fliers R. A. F. Fliers

Pals of West Pals of West Baldwin Hour Baldwin Hour

African Trek African Trek Week-End Cruise Week-End Cruise

Yospers Vesp Behind the Mike Behind the Mike

Round Table

Lavender & Lace H. V. Kaltenborn Rhythm Review Rhythm Review

Chautauqua Chautauqua Chautauqua Chautauqua

Joe & Mabe) Joe & Mabel Rov Shields Rov Shields

Summer Serenade Summer Serenade Mrs. Meets Mike News Highlights

Reglar Fellas Reglar Fellas Bandwagon Bandwagon

What's Mv Name What's My Name One Man's Family One Man's Family

Manhattan Manhattan American Album American Album

Hour of Charm Hour of Charm Businessmen Businessmen

Jos Hithlizhts

Boyd oa 300 on urn Serenade in Night

Music You Want

News Emil Petti Ricardo Rhythms Ricardo Rhythms

National Music National Music Gordon Jenkins ; Edward Tom.inson

European News European News Pearson and Allen Pearson and Allen

Theater Theater Organ Revue Baseball Scores

William Shirer Fur Fashions Dear John Bill Stern

Salon Orchestra Salon Orchestra 5-Star Final Blue Beetle

Eo Strong Ray Kinney

New. Herbie Holmes Woody Herman Woody Herman

Bob Saunders Bob Saunders Ricardo Ricardo

Orrin Tucker

Varieties yarieties n Off

Sint

MONDAY’ PROGRAMS

WISH 1310 NBC—Blue

Sunrise Ranch American Express

American Express Morning Mail Morning Mail News

WIRE 1430 (NBC Red)

Dawn Patrol Market Reports

Curopean News

Musical Clock

Musical Clock Markets-News Rhythmic Music Edward McHugh

Bess Jonson Ellen Randolph Bachelor's Children Road of Life

Marv Marlin

Morning Mall Breakfast Club Breakfast Club Breakfast Club

Jimmy _ Walsh

s Prescott Present

Prescott Preseng Yionjese Musie Thinkin ALL Ritchell

Police Chiefs Jimmy Blair Hit Tunes Hit Tunes

News Man on Street Tomorrow's Chureh Organ Musicale

Miller Melodies Miller Melodies Into the Light Midstream

Danceland Danceland Life Program Life Program

Club Matinee Club atinee Club atinee Club atinee

News Merry-Go-Round errv -g0-roun

errv-go-rounda

David Harum Singin’ Sam

Dick Stone Farm Hour

Dick Reed

Indpls. Today Linda's Lov > Hearts in Harmony Editor's Daughter

Against Storm aw Perkins Guiding Lighs Vic and Sade

Backstage Wife Stella Dallas Lorenzo Jones Widder Brown

Home of Brave

Portia We Abbotts Unannounced

KEY NETWORK STATIONS (Subject to Change):

WsM, 650.

NBC-BLUE—WJZ, 770; WOWO, 1190; WLS-WENR, 890; KXOK, 138. NBC-RED—WEAF, 660; WTAM, 1100; WWJ, 950; WMAQ, 610. CBS—WABC, 880; WJR, 760; WHAS, 840; KMOZX, 1120; WBBM, 780.