Indianapolis Times, Indianapolis, Marion County, 21 August 1941 — Page 25

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THURSDAY,

AUG. 21,

1941

J BUSINESS

Civilian

Industry in

By ROGER BUDROW

THERE IS MUCH TALK LATELY that, right in the} midst of our defense hoom, some portions of business are To those impressed with the|}

going to have a depression.

vast productiveness of this country that is a strange situa-

tion.

But it is happening—here. Indiana University's latest survey of business conditions in Indiana shows that some lines of business in this state are making that too-familiar

downward curve again. Maybe part of it could be blamed on vacations—but surely not all.| The I. U. business review says the

In Fr? Jes “busi

ness index Tr oh to July wasn’s significant but added that it may be tive of a trend. The rush to buy automobiles subsided somewhat last month | tc the lowest!

since February. | But the number | actually sold was A

although i a Rd 1 1 he ug. a

Roger Budrow

close to normal for July far below the record volume of earli-/ er this year. Retail sales of independent stores

mained 25 per cent over July last vear. Department store sales were

off 17 per cent from June—less than| Building to 10 cents higher than yesterday's construction was the smallest since \ oy cajes at the Indianapolis stock-

the usual Julv shrinkage.

probably because of the outlook for production:

February

A ‘uncertan

of many building supplies for civil- keting Service reported.

fan use.”

On the other hand certain indus- der yesterday's Balt & O Coal day's top yas $11.75 for good to|Barnsdall for any choice 200 to 210-pounders although July since 1923, despite a five-day a few strictly choice ones sold at! the beginning of the $11.80. |

tries went right on booming. production was the best

holiday at month. Pig iron and electricity pro-|

quction were of record-breaking pro- with some up even more.

These industries of course |

¢ to any defense production. ay4 prices were generally steady. | The salable supply was mostly odd | lots. yesterday and about steady.

n = =»

OFFICE BUILDINGS have a brighter future teday than they | have had for the past 15 years, according to the Mortgage Bankers Association. In the past 10 vears income from office buildings has fallen 33 per cent, nearly three times as much as owners have been able to cut operating expenses, 13’: per cent. But considerable surplus office space has been eliminated by demolishing older structures to make way for smaller “taxpayer” buildings or by simply converting the land inte parking lots. Therefore, the morgtage bankers say,

indica-!

Lighter Weights Five Cents 3

|A%: Aut. ug fr Indiana fell 9 per cent but re- Jus. ug Aug.

| steady | sheep were steady.

| Good and Cholce—

HEAVIER HOGS

RISE IN PRICE EE

Above Yesterday's Bulk Sales.

HOG PRICE RANGE

4 Receipts

5.500 6,500

6.60; | K.000

5.000 Hog prices were generally steady

vards today, the Agriculture Mar-

Some light hows were 5 cents unhighest prices. To-

Indiana A! Feeling the Pinch of Defense

S300 | AS

ed Sto! . {Allied Stores of. 835 | Allis-Chal 29% Am a 7 Am m Am Am Br Shoe of 130 Am San Re & Fdy.. i Am Chain & C Am ch & Cr pf. 10818

Am Com ‘“s Am Crys Sug o“ 183

Am & wr Am&FPwr $7 pf 21% Am-Haw SS 37 Am Hide & L of 33 Am Home Pr . 19'% Ts

Am C

Roll Mill. Roll M cv pf ie Sar Ll

scose 28's Am_ Viscose ot. 13% Andes Cop . Armour Mm .... 14s2 Armour I pr of 64 Arstrone Ck... 283% Artloom ....... 53% 9%:

a 283% .. 8312 . 26% « 28 of. 40 aa Aviation Cp ..

ald Loco ect. Balt

Sows were 10 to 15 cents higher

Cattle trading was fairly active

Vealers were less active than

General spring lamb market was to weak while slaughter

120- 149 pounds 140- 160 pounds pounds pounds unds pounds pounds pounds pounds

IB ADD

}

Pt pa ph fod ft ph oh fh pk pot

DDD pt ho rot 1s pot DD DONO D IND

A HIHIIDIDND ABCA Ah A = SeRSSERECS UY Dad hn

Packing Sows

270- 300 nds

{ Bigelow San .. 31

3law-Knox Boeing Air on Ami B ... Jon ores

fore. Warner qwer BR B... 3dept Brass .. Briges Mfg .. Bkiyvn-M T ... Bruns-Balke .. Bucyrus-Erie udd Mfg ..... Budd Mfg pf.. Burlington M... Burroughs Bush Te » pf otf Bush TV . Buster) Bros "ae Butte Cop & Z

Cal Packing Callahan Zinc.. Calumet & Hee Campbell Wy Canada Dry.

Car C Carriers & Gen

Net Close Change

GY Gh. LE a a

» »

3 Hupp Motor.

_™|Jo & Lgh pf B 5 82

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ...... 126.01 Week ARO ....civevireessess 125.96 Month ARO ...cceevencieaces 13839 Year Ag0 ........ teats eanns 126.46 High (1941), Low, 115.30. High (1940), 152.80; Low, 111.84, 20 RAILROADS Yesterday ..... Week Ago Month Age ... Year Ago High (1941), 30.88: Low, High (19240), 32.6%; Low, 15 UTILITIES

sess binnanen

+ 0.44 0.31

setaasrranen

30.21 30.09 30.35 27.09

“rrerannre

1R.35 18.49 18.65 22.28 16.82, 18.03.

Yesterday “| Week Ago ‘easter darane Month Age ...... Year ARO ...ci.iivun High (1941), 20.65; High (1940), 26.45:

tevsasareane

Low, Low,

Net, High Low Close Change

Goodrich ...... 3 183s la Goodrich pf .. 68! “vi Goodyear deed J Goodyear pf ... Graham-Paige Grand Un xcts Granite C lt

waa

Grevhound Cp.. Grumm Air BE... Guant Sug . .. Gulf Mo Oh. Gu M & Oh pf

Hanna 5 pf Harb-Walk Haves Mfg Hecker Prod Heime G W { Here Pdr ‘ee | Holland Purn. 4 | Holly Sug .... | Homestake 's Houd-Her B ... la |Househd F pf.. 34 | Houston Oil ... {Hud & Man.

LA 1 3 kd }

Central ... 9: : Sp 3 3 s+! Inland Stl. a a | | Inspiration [+ 2 “+ 5 Nd Insshs cts 3 ‘ae 2 Interlake be 2 's TH 1. | Int Harvester 1 . 2/Int M Marine. 2 7 0 Mining .. 33 33s <- 13 Nickel Y 27 : + la P&P «“ 18 : 1 {- 3a P&P pf. cis Ry C Am. R C Am p! 3 Shoe Silver of.. a0 T&T . {Intst D S pf.. - +¥ | Intertype

pe 9'2 _‘® Island Cr Coal 31

ta 11 72 | Jarvis Co {3 {Jewel Tea 14 | Johns-Man | Jones & Leh. .. 261% [Jo & Leh pf A'5 3's

1% i» 21 Kan C Sou ....

| Kaufma nn pf

1 | Kennecott

Ta Kresge SS.

+ 1%

- Yaileh Val RR ....

8g | Kroger G &

"Ya 'Leh P C pf

al L-O-F Glass

134 | Loew's

Kress

13! Lael lede G pf.. { Lambert .t

Wa EN eB a

| Bel % 5

py Tr »

{Leh V Coal “s Leh V Coa! pf..

- wr Ha — a pt at nw 4

| #hman

NS res aes

“2 Le Ja Lin “pet la Lion Oil Ref. Lockheed Airc .

“at Gh A

(al od

4. Gh sw sams wn

PB mW ol Cb tb GY tt BDH Dad D

CORI re uD < = 13 Cd 0 1 =I BD IVD bet hm 4D = 1

| Loew's p ied

THE INDIANAPOLIS TIMES

FINAL STOCK QUOTATIONS YESTERDAY

By UNITED PRESS

~0.57 + 1.39

& Co ‘ x Syming-Gid XW.

PAGE 25

Net Close Change 12 + Ya

Hien Philco Corp.... 12 : Phil Morris .... 853% 85% ei Phillips Jns .... 8Y 8 — 3% Phillips Pet .... 443% te 44% + Phoenix H pf.. 45! 45's .... Pillsbury 16% 163% + Pitts Coke & Ir 7 7 7 + la Pitts Forgings... 11 3 ves Pitts Sc & . 5" 3 534 Pitts Stl pr pf.. 61 h 1 Pitts & Va.. 1312 17%

Pittston Pond Crk Poca. B . a Postal Tel ple: « 1034 Press Stl Car... 10's Procter & G. Pub Serv 6 pf.. 108% Pub Ser 5 pf.. 99%

{ Pullman ...... 28% Pure Oil «...... 8%

Radio ...c.e0ne Radio-K-Or .. Radio-K-Or pf. Rayonier . Rayonier pf ..

1 Rolanes Mf Co Reo Mot vie Republic Stl Rep dE A Revere . Revn Met . Revn Mt cuevpf Reyn ring . Revn ob B Richfield Oil Rustless I & 8

Safeway St Jos Lead St L-S Fran Savage Arms .. If Schenley Dist...

- oon a

ir . Sears Roebuck . Servel Inc. Sharon Stl Sharp & D Shattuck .... {Shell Un Oil. | Simmons .. Simonds Sa&:sti Skelly 1 Smith A 6. [Smith Cor T... Snider Pkg. .... | Sacony-Vacuum.

Cd ® ND a

aT CO DAS -ID yy ~IHP won

lal c vl So Por R S p 2 - 1 | Soeast Grevh L 181% 8 2 + 3% So Cal Ed 2: save | Southern Nat G d 18 South Pac .... 14 3° . he * | South Ry ‘e 3 of 3 South Ry pf.. Sparks With... Sperry Corp... Spiegel Inc ... s | Spiegel Inc pf S s

Emons » 198 Superior Oil.... 2 . 16 241;

Tenn Corp .... Texas Corp . 42 Tex Gulf Prod’ . Tex G Sul . 7 x PC&O . Thatcher .. | Thermoid . Thermoid pf . Thompson Pr ..

' La | EEE ES

1 4 |

* Timken R B

Transamerica ..

| Trans & Wms. . Tri-Cont

|Truax Tra ..... 20th Cent-Fox. 20th Cent-Fox pf Twin Coach ....

Und Ell Fish ... 35! Union B&P .... Union Carb .... Un Qil Cal ..... Un pagise Un Tan . Union A reralh” . Un Air Lines... Un Carbon .

tf rt 00D 13 0 Tt Ld TD wl DD oe DD tr Gf Ge clio RRR

{in several instances and then ® ceded on profit-taking. (in the third hour were holding at ‘the previous close, while the motors

* So Ind G&L 4.8%

Net High Low Close Change

Wheel Fleet vere 28Y2 K a

a bE

Willys Overland 2'a Willys Overld Bt 43, Wilson & Co 534 Woodward Iron. 26813 Woolworth 297% Worthington . Worthing cv of / Worthing pr Bf : 601% Wrigley . 67 67%

{Yale & T .... 20%

Tr ses 18 143, Young S&W see 10Vs 10's Young Sheet .. 383% 373%

®| Young Stl Dr.. 16 16

iene Zenith Rad .... 127s

STOCK MARKET IS IRREGULAR

1242

: Worthington Pump Soars $9

As Back Dividends Are Cleared Up.

NEW YORK, Aug. 21 (U, P).-— The stock market turned irregular

i; (in the early afternoon dealings today after morning firmness.

Trading lightened as compared with the previous session. Special issues were higher in many instances, featured by Worth-

* ington Pump Co. preferred stocks, ‘a imost of which made new highs with .|gains at their

peaks ranging to 9 (points. Clearing up dividend arrears on the issues induced the buying. Amusements equaled their highs reSteels late

were easing. Coppers had small losses. Rails were steady and utilities narrowly mixed. Some of the mercantiles and oils held small

gains. R

LOCAL ISSUES

Nominal quotations furnished bv local unit of National Association of Securities

Dealers. . Stocks Bid. Ask.

Agents Finance Co Ind com... 7% © Agents Finance Co Inc pfd... 20 se Belt RR & Stk Yds com...... 55 Belt RR & 1 Yds vfd...... 36 Central Ind Pow 77 pfd .....1 Circle Theater com .. 2 Comwlth Loan 5% pfd........ 96 Hook Drug Co com . 14% Home T&T Ft Wayne 7% pid. 50 Ind Asso Tel Co $5 pfd...... 108% n h Elec ad ofd 109 om..

Indnls Water S% ofd . *Indpls Water Class A com

: Lincoln Loan Co 5%% bpfd.

Linc Nat Life Ins com. . N Ind Pub Serv 5'2%, pfd. N Ind Pub Serv 8&7, pfd... N Ind Pub Serv 77% pfd . Progress yaundry com... So Ind G&L 4.8%, pfd . Pub Serv Co of Ind 67% pfd.. ++ 65 Pub Serv Co of Ind 77% pra. sev ls pid. 9 Terre Haute Elec 6% pfd.. one) Union Title Co €OM cavsneneee. 3 Van Camp Milk iT Beet th 67

NEED FOR

Confusion and Hogging of Materials May Cause Big Unemployment.

By JOHN W. LOVE Times Special Writer WASHINGTON, Aug. 21.-—-Tc escape the disemployment of 2,000,000 or more men between now and Christmas, thoroughgoing changes will have to be made in the Office of Production Management's ticketing of materials for America’s defense industries. Too many concerns with armament contracts have asked for too much. Industrialists who come in here every day admit it. The conflict over priorities between William S. Knudsen's OPM and Leon Henderson's Office for Price Administration and Civilian Supply is one of the reasons Senator Harry Byrd of Virginia demanded a unification of authority over the defense program. Another, according! to the Senator, is the overlapping of these priorities schedules with those separately set by the Army and the Navy, through their Joint Munitions Board. Because of the conflict over priorities between OPM and OPACS, President Roosevelt may create a new super-board, either for policy~ making or procurement, but the new board would be designed mainly to correct what could have been avoided if it had not been for the confusion created by the executive order setting up Mr. Henderson's OPACS.

Byrd Inspires Talk

Washington is again full of talk about reorganization of the defense agencies—inspired by Senator Byrd's speech on the confusion in defense, the visit, of Judge Samuel Rosenman of New York to look into the discrepancies in priorities, and the reports, denied by President Roosevelt, that Vice President Wallace would head a new board of more generalized function than those now in existence. The more cynical point out here that talk of reorganization always

, | flowers again when the President

returns to Washington, but that little real revision takes place. The talk persists, they say, because unification of control is so obviously necessary. One of the last important changes was the creation of a series of industrial advisory committees under the direction of Sidney Weinberg of New York, but members of these

2 committees admit they have not yet

begun to mesh with the real production problems.

New Agency Needed

Because the committees stem from OPM they cannot resolve the

DEFENSE

SHAKEUP GROWING

William S. Knudsen . .. too loyal?

the labor unions that the limited supplies of materials will be properly allocated. Failure to get them distributed properly would lead, ac= cording to some estimates, to the layoff of between 2,000,000 and 3, 000,000 persons, beginning ‘with the autompbile, auto parts and refrige erator industries. Some of Mr. Knudsen’s best friends are saying that his good na< ture and his loyalty to President Roosevelt prevented his objecting when the confusions of executive authority arose, with the result that, given Washington's (and F. DB. R.’S) peculiarly personal ways of going about things, the only means of simplifying the structure of authors ity is to create a new board with superior powers. ‘Complicating the outlook for mae terials and their flow to industry, the agency for Lend-Lease aid to Britain, known. as the Division of Defense Aid Reports, has authority co-equal with that of the OPM and the OPACS. The British requirements, not to mention those of Soviet Russia, have to be satisfied alongside those of the War and Navy Departments, as well as those of the essential supplies for the civil population. The fact that there is not enough to go around is only now penetrating the mind of the public.

More Than Necessary

American manufacturers and the military departments have suspected for some time that there would not be enough materials to go around, and the result is they have ree quested more than they needed, in the hope of getting enough. If the emergency worsened and hundreds of thousands of workers were laid off next fall while ma< terials were still piling up in the

4 Lone Star ‘Cem ) Loose-W Bis . TY Lorillard ..... 3: | Lou G&EA .. oe |

the office buildings that are left | 355. 330 D. have a much better chance of Perf 360 pounds =e getting tenants. 360- 400 pounds 30 Cerro de Pasco. 33 — | 400- 450 pounds 15] | Certn-td 6 pr pf Be + 1's Mack Tr ! 450- S00 pounds \ 9.85/Ches Corp .... «+» INBCVRH +. Medium — | Ches & Ohio 3 2 | Magma

PER CENT) Nichols. 230- 500 pounds .. 9.10@1000/Ch & Ohio pf 100) % | Mana Slaughter Pigs Chic E I 2 8 | Maracaibo

cout gloomiest banker, Mitte hd Geos | Meracaipe Bx hes he could trace the owners 90- 120 pounds [email protected] én £644 Market St Ry pr 3.000 which is deposited in his] CATTLE So eo Gy br 3 Martin (Glenn) the First National of Engle- Slaughter Cattle & Vealers (Receipts, sw) Chi R I&P Fé 3:18 $3 ie Nahin : wood, Ill, near Chicago. 58%, !

Stee A He wants Chote g ! RE Sas * them tc withdraw these Se 300-1100 pounds 3 3 “for th 1G t <i - 11 unds ‘for the i ation of the Roosevelt 1300 S130 Boungs foncocted emergency | Good— At one time his bank had more | I30- ey Doubs: than $7.000.000 in deposits and has 11100-1300 pounds been urging deposi itors to take their 1300-1500 pounds accounts from his bank since last 530-1100 pounds spring. Only the 38.000 is left. He | 1100-1300 ony thinks the country is going through’ common “the worst financial wringer in its! 750-1100 pounds .........en0n history” and wants to be on the Steers. Heifers sidelines. ! 500- 750 pounds The bank has $1.000.000 capital | Good— and its building is paid for. When! y nditions warrant it, his bank will | enotee— be In a good position to re-enter ¥50. Jo the banking business, he says. Oth- I 0% pounds 5 5 > fum— erwise they col ld wreck the build- oe 30 pounds ing and pay off stockholders more comm than $500 a share. S00- $00 pounds

Van Camp Mik com ......000 11 Bonds Algers. Wins'w W RR 118. oe 10 American Loan 5s 51. ‘eve American Loan 5s 100 Cent Newspapers 41s "42- 51.. 1100 Ch of Com Bldg Co 4'%s 61... 78% Citizens ind, ge 448 61 +10 3 Consol Fin 50 Crabb- Reanotds Tavlor 5s ‘42! Ft Wa “108

conflict or authority with OPACS nor arrive at decisions which may not be overturned by the next OPACS orders. Consequently neither they nor any other agency can assure either the manufacturers nor

ADDR DF = 03 Co OA 1 OD ad IVE

2 ® » on

warehouses and factory yards, pube lic demand might lead to something of the kind being established, it is conceded, on the model of the Gere man system created sevéral years ago.

- -

pt wd (TC) DY NODC CD GVO CD NOD en NL) wT

BD he bt fi pt 23 1D pet U3 OO BT ht et fi pt 3 05 1 3 pA. Ea 03

| Celanese pr pf..120 {Cent Viol Sug . 11%

on @ x»

» > =

United Fruit Un Gas I'mp Un Gas Imp of

LoL “w Gb

CITI -

M. (100

Airy S

ac = amp.

= dacaac Se

Home T

wT =A DY LIBI DY Tre 0 on Bo CD

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ndbis BAL ua 70. 10s iio ne 8 one X nd 6%..... 61% / pi nd s 66 1064 oi g re Oo Ko e ' is : Kuhner Packing Co 4142s 49....100 Morris § & 10 Stores 5s 50....100 i Muncie Water Works 5s 65. 1as Ind Pub Serv 3%s 69 i J7 vas $69 ........108 2|U Tob pf .. 04% | Un Stores of .. 58 Richmond Water Works 5s 57.100 Univ Pic 1 pf .155 : 1: . Trac Term Corp Bs § 70 F . » *Ex-dividend.

WAGON WHEAT

Up to the close of the Chicago market today Indianapolis flour mills and pan elevators paid 88c per bushel for 2 red wheat (other grades on their LEE | and paid 68c per bushel for shelled new No. 2 vellow corn: No. 2 white shelled corn,

Wabash pf 2 } Walker H. Ga 304 78 | | 331 So. 2 white oats, 35¢; No. 2 red oats

He [ES EXAMINED, GLASESFITTE |

Ww 41 tb R. W. S.

— 1'2 | Martin Parry

GY eh Ch. CT eRe

No Waste Motion

From the time your mortgage loan application is submitted to us, until it is acted upon, there is no red tape, no waste motion, no lost time. Every detail of the transaction is expedited "by our efficient organization, Like many others, you, too, will appreciate this satisfactory service.

FHA LOANS

THE UNION TRUST COMPANY

120 E. Market St.—Branch 1225 Kentucky Ave.

BLAND Lb rD ANT aT EDN

{Cleve Graph

28 — 1 & imax Doty co 403% 3 Peab . 38

Tevenranes

Mengel 5 nf <c Mesta Mach ... {Miami Cop..... | Mident Pet Minn Hny Minn-Moline ... Minn-Mol pf ... | Misgion Gors . { Tex ..

| Col Broadcst B {Colum Gas . 00 Col Gas or A. 00 Col Pictures

323 ii 5333

scrraae

WEB s

bb BS SD =) hm I EN rp a.

il 10.50@11. 50 | | Son on RR. Cuba ‘pf 0a ‘ 8.75@10. :30| Cons Coal wl ‘ nsum of . 7.000 8.95 ont Bak

a »

bot £3 hot 1G

pounds

qu pr ooo

Heifers

Ed I “flr O00 fh OB OO OY

| | Ward Bak x .e a1, | | Warner Bros ... 53% : : } | |W arren Br pf... 19 ¢ 1¢ = i | | | 5!

’

Mullins Mfg B.. Munsingwear .. {Murphy G C ... s | Murray

wo © 2% rrr besa

pounds

pa lD pt pa LI a BSC be OND

Ee Lid 1 Crt Lb ba DBS

[ » ft

IVI NN NBII DBI ND

| Wes Oil&S ..... 22 |W Pa El 6 pf .. 963 {W Pa El 7 pf.. Bod Pa Pol... | West Union .... { West Air Se .e Westin | West | Weston El Westvaco

fp CIV vt Cad

sts estnnannen

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4 1031; 1152 8!

sts ransnane

Nash Kelv ‘eo Ne Ch & i Loo

Acm Auto “5 b pf Aviation Biscuit

WES Ded PBIB RIIN DOD | wr ODN D DD «Thm

pt por Hb

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4 WEST MARKET SL

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= = = ODDS AND ENDS: iw ili (5810 ments of Egyptian cotton are being Canner . seeene 450 heid up in Egvptian ports because England won't let it be sent where | | Beet it was supposed to go—Japan. . . Good One of the big transportation dif- | | Sausage— ficulties in aiding Russia is that] Medium her trans-Si beri an Railway. only Cutter and cemmon

connecting link between Viadivostok! J ETOWe, CO xv and < n ‘Good and choice ....... . 120021350} and Moscow, has & Narrow Eaue|go,men and medium’ §00@13 00 STown Zeller

(rails are only five feet apart) so cun © v.00 American freight cars wouldn't help | Feeder and Stocker Cattle unless new designs were prod: uced. | (Receipts, 600) . . . Dont believe this talk about a! Shel Steers pepper shortage because of the East| 55-800 pounds ....cce......810.28 Indies situation with Japan. There! 800-1050 pounds cheasaces 1000 is a two-vear supply in the U. S.| 500- $00 pounds . The Hoosier Secretary of Agri-| 800-1050 pounds culture, Claude Wickard. saw his | 20 1003 pouncs first cotton boll weevil last week. Common— wi an tat 500- 900 pounds - hs Un 1 I'eal estate foreclosures by the Federal Home Loan Bank of | Sates enn y der Lb n >" | Good and chelce— Indianapolis (which covers Indi-| 300 pounds down ana and Michigan) have dropped Medium— 27.4 per cent from last year,

CHICAGO GRAIN

Calves (heifers) | Dist S Si Opening prices today on the Chi-|

40 Good and cholce— Doehler D Cast 500 pounds down . . 10.30412.00 | Dome Mines .. cago Board of Trade, as reported by Thomson & einen were:

“gd me a

| Legals NOTICE TO TAXPAYERS OF TAX LEVIES

In the matter of determining the tax rates for certain Before the Township | purposes by Center, Township, Marion County, Indiana Advisory Board th Nouce is Bersly Been the taxpavers of Center Township, Marion County, Ind, at the proper legal officers of said unicipality, at thei egula eetin lace, on the 2d on of Sept 1941. will ay a iy Soceety gHist mn EP Notice is hereby given the taxpayers of Marion County, Indiana, that the OWNSHIP BU go, : proper legal Board of Education officers of said school corporation at their regula¥ { T DGET CLASSIFICATION meeting place on the 2d day af September, 1941, will consider the following budget:

J! | oN Snr FUND Direct Relief: BUDGET CLASSIFICATION FOR SCHOOL CORPORATION

Salary of trustee Medical, hospital and burial..$ Office rent taasaaasaaaaans Other direct relief 6 SPECIAL SCHOOL FUND Capital Outlay— New acquisitions 5.175.00 | Genl. Administration—

720.00 Clerk hire . 5,000.00 Other Relief: N 2 | Trustee's traveling expense. . Woodyard project terations |S%pense telephone tolls and tele- Shoe re 900.00 Ba and sec. office. 3 435 2 22,250.00 L 0 Contributions for joint expense 22,250 00 Banh alfa, : 080 Total poor relief fund..... $810,455.00

600.00 id gram 100.00 JJ = Salary ‘and “supplies and sarees x. nt ds 5,220.00 Inst. teaching cevssssrsrseeres 2,850.00 ” ish ool ..$71.350.00 i | office supplies, printing and ad- SPECIAL SCHOOL FUND pu 4 Ceraiaia | Tr. salaries high school.... ~ y32| _ vertising $.000.00 Repair of buildings and cars of IOSIF. SUDETVISION yevservsvssres 200.00 44. splories elem schools......~ 15.20000 { s{Pay of advisory board .. .. 300.00 grounds .. $ Th «350.00 | TRS. tuition 200.00 | Examination of poor relief rec- Repair of equi ment, ex:e s Je ; a ee ords P ‘ 1,700.00 EpaIr 1 of ea on ; pt Elem. schools ceenaee 3,900.00 Total expen. tuition fund...$34.650.00 town- School furniture and e Maintenance School Plant— 250.00 except school Snd.be High school 1,200.00 BOND OR SINKING FUND 1,500.00 | Payment prin. 160.00 Payment int,

CF pf pt, pt Bw oom oN ma

44) Legals a8] Legals NOTICE TO TAXPAYERS OF TAX LEVIES

In the Matter of Determining the Tax Rates for School) Before the Purposes of the School Corporation of Beech Grove. Board of School | Marion County Indiana. ) Trustees

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7.010 00 66,900.00

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Total expen. sp. school fund. $22,216.00 TUITION FUND

8. Bn

curt HR SEN A’ 50@ 10.50 Cutler-Ham

9 [email protected]) | Deere & Co ... oe Der & Wn d 5 ‘Hug, ... T50@ 900 pb roe & W Det Belson {Dev & R A 11.00@ 13.00 | Diam Match | { Diam

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2 500.00 £00.00 700.00 1,200.00 0

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| Exgimination of records. pment,

“+ ip Miscellaneous

Total

» »

bt #2 Pk IY pot ok Cf bk

5,000.00 School supplise, other than jan- Elem. schools en itors’ supplies . Fixed charges $ 24,800.00 Janitor supplies Co- ordinate and auxiliary activi .e s 30.9070

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COLI M hI 4030S

FEW ND Irn Pel wT DOO INO DDI DN

lownsnio fund... . TUITION FUND Fuel for schools............v..s Pay of AD ON Loans, interest and insurance.. Is School transfers . School transfers — | Pay of teachers..... 3 al Total tuition fund. . di 30,907.00 Teachers’ meetings — 5 BOND FUND Janitor service $120.230.00 Transportation of children. 19.916.23 Light and power $140,148, 23

ae Tole! expen. bond or sinking + fund

ft NS

| Norwrch Phan. 1,000.00

ESTIMATE OF FUNDS TO BE RAISED

FUNDS REQUIRED FOR EXPENSES TO Special Tuition DECEMBER 31st OF INCOMING YEAR— Fund Fund 1. Total Dugas estimate for rung year, Jan. $22,216.00 $34,650.00

1 to Dec 1942, inclusive. . to” Dec. 10,000.00 14,000.00

D Tet” t am 0

ot ow

Bond Fund

$ 5,500.00

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Omnibus Omnibus pf .... { Otis Elev | Otis Steel . Otis Stl ev 1 ‘of Owens Ill Glass.

Medium Douglas 90 pounds down 2.350210.50 Dow

SHEEP, LAMBS (Receipts, 2000) | Drees” ir Lambs (spring) BE and choice good

| Good Medium and

hie Oil .... Oliver Farm Eq Principal Interest

Total bond fund . POOR RELIEF FUND Administration Expense: Personal service . Other operating expense

- Bd wf ot pt 1) pt

2. Necessary expenditures Aug. 1 present vear

wa o a

Audiometer tests for Center ‘twp.

Contingencies—Med. ex. teach- . . ers and janitors. ..... 3. Outstanding temporary loans to be paid be-

Miscellaneous Jove Dec, 3 31st of present year—not included

in line ¢ 96,180.00 oe 12,040.00 Total special school fund 46278] + Total estimated expenditures

an FUNDS ON’ ‘HANDS AND TO BE RECEIVED FROM SOURCES OTHER THAN PROPOSED

Actual balance, July 31st of present year June settlement, Aug. 2, 1941. Taxes to be collecte . present vear ‘(December settlement) Bn PPI hans Miseeliansnns Fevenis to hi received ‘Aug ols st of present year to Decembe s t schoo 31 of present vear .... 12,042.75 15,270.53 22,809.38 2,627.38 oll (sche Jie on fille na Sisters . Additional appropriations ‘to be made a. Special taxes (see schedule) Aug. 1, to Dec. 31, of present year. Transfer tuition and all . Outstanding temporary loans to (see schedule) . csiieins paid before Dec. 31 of present year, Total funds (add lines 5. ‘6, a and 7b) not included in Lines 2 or 3 . 5. Total fghes Fequived (add Lines 1, 2,

nd FUNDS ON ‘HAND AND TO BE RECEIVED FROM SOURCES OTHER THAN HE ROPOSED RATE OF TAX LEVY Actual balance, July 31, present year. 7. Taxes to collected, present year (December settlement) . 8. Miscellaneous revenue, other from tax levy, to be received from Aug. 1 of present year to Dec. 31 of ensuing year. (See scheduless in trustee's office.) (a) Special taxes (see schedules)...... (b) All other revenue (see schedules) 9. Total funds (add Lines 6, 7, 8a and 8b) . Ret amount to be raised for espenses ¢. 31 of ensuing year .... 1. Du balance (not in excess of exense Jan, 1 to June 30, less miscelaneous revenue for same period) 2,000.00 Amount to be raised by tax levy 23,262.66"

PROPOSED LEVIES (polls 42,337)

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pt —

| Dae (add lines 1, 2 ac Pac { Pac Pac [ Pacific Lig .... J . {Pacific Mills... 4 3% (Pace Tin Cons.. — 13 | Packard + 1 {Pan A Airways Panhandle “e Paraffine Co. Paramt Pict Para Piet 1 t.. Para Pic 2 pf..

rfo nS

May Then = 1. 12% $1. Pree 3g $1.19%: Con ... wii! A «® 81 3 Oats 3

3 | Ewes (shorn) 484 Good and choice 134 {Common and medium

on Everything

LOANS ===

qin we The CHIC AG JEWELRY

Tats CO, Ine. 146 E. WASHINGTON ST.

- ~~

T 3 TIM ATEN + OF FUNDS TO BE RAISED FUNDS REQUIRED FOR EXPENSES Township Special Aug. 1 present year, to Dec. 31 Be vear: Fund School Fund | 1. Total budget estimate for incoming Soe $25,462.78

year .. . . $24 890.00 2. Necessary expenditures to be e unexpended Truly

Bond Fund

$140.146.23

Tuition Fund

$30.907.00

—1 448 61 9,406.61

9.000.00

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VI Cad CD en OD -ow sr Cad CAD

tr [=~ Cd VOD TBD F on | CY wl fe Cd CD pe CN

DN woos

1,080.00

Crrnanes aesrsane evseaneas b. other revenus

-— 8 — 13%

tr 3 pt C03

00 a Cd =H 30 BD Cd le od UD Cd ret CD OD oe Ort so (a) Cd

18 038.00 "3,189.18

— nom -d.y Pk Er]

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oan Ne

-— 1 | + 1-18 «iis +... (Patino Mines... {Pen & Ford.... Penney Penn 1» | Penn —- Penn - | Penn | Penn L Pepsi-Cola Pair Morse .. 4 a2 2 Fajardo Sug . 1 | Peoples Dr ....

RY | Peoples Gas.

ia | Pere Mat pf. . a

INR — » : E | Pere Mat Be ot

x $ SE : 5 Ro RE 2 p St % +++ | pet Milk

Sirvies=- Pet Corp Am. ‘ "

TO DEC. 31s ING YEAR (deduct line 8 from line 4) Operating balance (not in excess of expense from Jan. 1 to Jae 30, less misc. revenue for

same period) 5,000.00 9,492.67 . AMOUNT BE » RAISED BY TAX "LEVY 1917500 CALE er Ls area J, {

(add lines 9 and PROPOSED LEVIES

36,932.75 40,733.31 53,716.39 142,773.61 14,178.00 2,860.81

“iy — 4 3s

’ no WNW EN QN -

6,000.00 3,583.04

2,500.00 5360.81

» - ww

6,070.00 6,500.00

10,966.31 9,900.00

11,502.78 8,800.00

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Net taxable property Number of taxable polls....svsesssssces,

BS BI 1S + iw

2.31992 10,475.00 33,865.00 19,851.39

Tuition .. Bond or 5,397.5 53

Total $38,142.91

COMPARATIVE STATEMENT OF TAXES COLLECTED AND TO BE COLLECTED Collected Collected Colisrted Collected

Name of Fand 1938 Special .... Er +o. $21.032.64 $13,201.99 $18.458.82 $19,071.38 Tuition . 9,347.85 12,308.81 11,280.39 3 673.80 Bond or sinking .. 6,343.17 6,067.33 6,494.77 5.6917. 8 Total . $36,723.66 $37,078.13 $36,233.98 838,142.91 Taxpayers appearing shall have a right te be heard thereon. After the tax levies have been determined, and presented to the County Auditor not later than two days prior to the second Monday in September, and the levy fixed by the County Tax Adjustment Board, or in their faliure so te do, by the County Auditor ten or more taxpayers feeling themselves aggrieved by such levies may appe to the State Board of Tax Commissioners for further and final hearing thereon, by filing of petition with the County Auditor not later than October 15, and the State Board will fix a date for hearing in this County WM. CAMPBELL, Pres. Dated this 11th day of August, 1941. MRS. FLIZABETH HELKEMA, See, ELTON H. GESHWILER, Treas. School Board Members.

TIHES WANT ADS LOWEST RATE IN CITY

20,866.31 19,867.00

,000.00 15,670.09 21,282.66

| Pfeiffer Brew. | Phelps Dodge . 3§{ Phila Co 6 pf.. Phila Co 6 pf n

LOWEST PRICES IN CITY

FUR COATS |*

OUT - OF - PAWN

Hundreds to select from, in all sizes.

HOLDS IN LAYAWAY

See and compare Da Furs with any—you'll §

9,402.67 132,280.94

{Food Mach ... Foster Wheel . Francisco Sug. Freept-Sulphur

1,904.00 2,000.0! 21,755.39 134,280.94

7 rl LL

4T OUR uUsuv Al an

eam ov ewes || SAY IT WITH FLOWERS |S

43S JS $1.50 & $2.35 From Leon Tailoring ||| Allied Florist Association

1st Block Mass. Ave, of Indiana

(County Inside)

$430,824 670.00 County

2,940,720.00 Amount to

“sss esas sssrean

WASHINGTON PARK MAUSOLEUM

Washington Park Cemetery For Information Phene IR- 8383

ome:

WASH SLACKS

Plain or Pleated

Net valuation of taxable property Number of taxable polls (368)

ys Be Raised Town . 35% 368. 28 Special R chiool “es EEeeee reve . 6.00 Tuition 7 an 736, 00

$66,776.28 COMPARATIVE STATEMENT or TAXES COLLECTED AND TO BE COLLECTED Collected Cojlecien Collected To Be ColFUNDS 1938 193 1940 lected 194] Township $19,031,238 Special . 8, 277.73 $19, 500.00 19,042.45 Tuition 9,055.58 19,500.00 16,761.76

Taxpayers appearing shall have a right to be Hono thereon, After the tax levies have heen determined, and presented to the County Auditor not later than two days prior to the second Monday in September, and the levy fixed by the County Tax taxpayers Board, or on their failure so to do, by the County Auditor, ten or_more yers feeling themselves aggrieved by such levies, may oor i the State Board

PHC. nS yh FT a

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> mes Sats

8 2 552 81

ow Par

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“83s SHE

ax Commissioners for Turt er and final hearing thereon kif a petition with Le County Batten ay later than Oct. 15, and the State Board #¥ill fix a date for

fare a Sak Dated Aug. 30 EE . Center ) Trustes

i y