Indianapolis Times, Indianapolis, Marion County, 23 January 1942 — Page 27

FRIDAY, JAN.

23, 1942

+ BUSINESS

Indiana Business Resumed Its A Upward Climb During December

By ROGER BUDROW

AFTER SEVERAL MONTHS OF HESITATION, Indiana business picked up in December, University's Bureau of Business Research. monthly index rose three points and equalled its all-time

high set in August.

Dollar volume of retail

according

. A trade in the state was about|a 20 per cent better than a year ago December but half ofl}:

this, the bureau pointed out, was due to higher prices.

Automobile and household appli-| in| had | than|

didn't dec so well because customers things earlier usual. Hardware, jewelry and clothing

ance dealers December

bought these

est increases. Although some private costruction was curtailed. building as whole was the arges since A gust. Coal production was the largest for any December since] production was|

Roger Budrow

electricity evel city production usually is December holidavs observed over the llana’s steel irned out more pig iron last betore Cattle prices were up nearly 20 per cent over December, 1940. but receipt s at stockyards were practhe same. Hog prices were 80 per cent higher than al ago and receipts were about

lower.

month th an ever

nearly Year 10 per cent

CRACK-DOWN looms for junk dealers who are holding scrap metal for higher prices. Someone is being sought to spur the lagging collection campaign in this | state. Old farm machinery, autos | in “gravevards” will be requisi- | tioned too unless thev are sold. Reason is that steel preduction is slowing down because of serap shortage.

4 =

5 4 = WAR SPEED-UP causing more deaths in Indiana factories, National Safety Council reports | that 151 Indiana workmen died accidentally in the first 10 months of last year, a 70 per cent increase.

= =

ODDS AND ENDS: Internationalj

Machi and Elkha sold abou worth of tools last year, against|y $5.000.000 ti vear before. Public Service Co. of Indiana shows | § 100.000 gain in profits for the | vov. 30, 1941, compared! € . . Tea sup-| ing ow and Brazilian! advertised shortly as! . Sheep owners eping them on the farm” sending them to market because wool prices are The City of Rochester,| s burving water from East man | dak Co. wells because its own! ~lls, slowed by lack of rain andj irdened by increased industrial se, can’t supply enough. . shortage may cause big heade in handling this year’s planned- | J go big farm crops because Govern-| ment will take all it needs for sand- | bags and substitutes (paper, cotton) aren't too plentiful.

$11,500,000 | In

} wi pli ma

ute.

> bt

Ak: -

Too

3 = "n

* Mortgage LOANS

PROMPT ACTION—Low Interest

Ix dL

1i6 N. Delaware St.

| |income.

rendered by the taxpayer,

{ductions,” jand necessary

$3000.

1 Tool Corp. of In pL |

| Ky thaer Packing Co 415s 49..

itive Assn.

No. I7

| Your Income Tax

The law allows in computing the normal tax of an individual an earned income credit of 10 per cent of the earned net income, but not |in excess of 10 per cent of the net “Earned income” is defined /in the law as wages, salaries, pro- , fessional fees, and other amounts Ireceived as compensation for personal services actually rendered. Where a taxpayer is engaged in a trade or business personal services and capital are material income-producing factors, a reasonable allowance as compensation for personal services actually not in excess of 20 per cent of his share of such trade or business, is considered |as earned income. “Earned net income” means the excess of the

stores] showed the great-!

{amount of the earned income over

the sum of the “earned income dewhich are the ordinary expenses chargeable against earned income. The entire amount of the taxpayer's] ‘net income up to and including} regardless of the source, is| considered earned net income. In| ‘no case is the earned net income to} {be considered to be more than

$14,000.

LOCAL ISSUES

Nominal quotations furnished by local} mit of National Association of Securities |

| Dealers. Stocks Bid Ask

Agents Finance Co. Inc com 12 Agents Finance Co Inc pfd Belt RR Stx Yds com Beit RR Stk Yds pfd Bobbs-Merrill com “ike Bobbs-Merrill 4'-% pfd . Circle Theater com Comwlith Loan 57% Hook Drug Co com Jiofme T&T Ft Wayne 7% pfd Ind Assoc Tel pfd . Ind & Mick 7% pid Indpls Gas com “aan % pfd ..

pfd

pra 3%

d Hydro Elec 7 Ind Gen Serv 8% |ndpis P & L 5'4% Indpis P & L. com Indpls Water 3% pfd asi Indpls Water Class A com .. 3 fintoln Loan Co 3'2% pfd.... 83 Linc Nat Life Ins com vee |N Ind Pub Serv 5% pid IN Ind Pub Serv 6% ped N Ind Pub Serv 7% pfd Progress Laundry com Fub Serv of Ind 5% Pub Serv of Ind Inc com “So Ind G&L 487% d. { Union Title Co com .... {Van Camp Milk fd Van Camp Milk com Bonds Algers Wins'w W RR Shas. eh American Loan 35s 31 .. . American Loan 5s 45 ..... | Cent Newspaper 4!>s 42-31 . Ch of Com Blde Co 4las 31. Ciiayens Ind Tel 4%s 61 531 Fin 5s 50 . Crabb- Reynolds. Taylor 55 42 .. fans T&T Ft Wayne 8s 43 . {Ind Assoc Tel ° les TO 1 Indpls P&L 3! 0 . ndpls Railway. Co 5s 87

‘4 Burlap | h n

103 108 10815

Morris 3 & 10 Stores 5s 50....10 Muncie Water Works 3s 63 .... N Ind Pub Serv 33%s 69 ......106 N Ind Tel 4'2s 5s . Soaced Pub Serv of Ind 4s 69 Pub Tele 415s 55 Richmond Waiter Works 3s 5% 105 i Trac Term Corp 5s 67 ....... 74 7 {U S Machine Corp 5s 51.. . 9 100 *Ex-dividend

«.. 85 10512

Incorporations

Levy-Ward Grocery Co amendment increasing Sapital stock shares preferred and 2500 shares common of $100 par value. Vigo County Farm Bureau Co-opera-| Inc.., Terre Haute: amendment] increasing common stock to 6000 shares] of $5 par value.

South Bend:

Oldest Loan Brokers in the State

146 E. WASH

LOANS

The CHICAG

on Everything

Diamonds, Watches, Musical Instruments. Cameras Clothing, Shotguns, Ete.

GY « Ine.

INGTON ST.

OQUTFITTERS to Men, Women and Children

ingatons tHE MUDERN CREDIT S10REB

Indiana Theater Wash. Is Opposite Us

129

LADIES

NOVELTY SHOES $1.00, St. 417 |

KINNEY'S

133 BE WASHINGTON ST. ——

Wool with leather ea mn for driving, L.63 Gloves L808 5 and 2.95

GUARANTEED

Wate

ha JE SAV LOW PRICES

ITE ERI

14 FRACTURE BEDS Can Be Rented at the New

HAAG'S ALL-NIGHT

DRUG STORE 220d and Meridian

Tot 7 |

USE YOUR CREDIT at

CLOTHINI( IEE

131 W. W n St Directly Opposite Indiana Theater

SEE the new “EVERSHARP® PEN and PENCIL SETS

$8.71 Guaranteed

for Life

STANLEY JEWELRY CO.

\ BRE Ee

1 Be

We CLOTHES

Make Woodworking Your Hobbe. r—

DELTA MOTOR DRIVEN TOOLS Exclusively at

VONNEGUT'S

to Indiana The bureau's

in which both|

properly!

to 80 Elec

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

PAGE 27

TOP HOG PRIGE

High

Alle, Corp Alleeh Go

Aled ReyTes f Allis-Chal p Amerada Am Ag Airlines _. Bank Note. Br Shoe Tile & & R.

i Am Am Am

La >

1 BINS Ore tOD ERE

Roll Mill , Roll M cvpf Smelt...... & Stl Fdies.. n

Am-Viscose 5 Am Water W.. 3 Am Woolen ... 3.2 Anaconda ... Armour Del pf Hii Armour 1. Areas I prpf UR

6's . 323% 65°

Atl Refining 2 Atlas Corp Aviation Toots.

Bald Loco ct... Balt & Ohio .. Balt & Oh bof. Bangor Ar pf. 2 Barber pisensit Barnsdall .. Bayuk Cig Bendix Avn .. Ben Ind Loan. 1° {Ben Ind Ln pf 52 Beth Steel . 83 Bigelow San Blaw Knox Boeing Air Borden Borg

Warner. . Bdgpt Brass Briggs Mfg .. Bklyn & Q Tr.. Bkiyn U Gas ... Bucyrus-Erie... ud gv. Budd Mig pf .. Budd Wheel . Ba hr : Bush TB pf ctf { Bush Term Butler Bros Butte Cop & Z. Byers, M Byers p Byron PR akisoh.

NE aD eB

Naan

Cal Packin |Gallansh umet & Canada Dry C pacific... | Capit Ad .pf A jCar C & 8 | Celanese 5 pr pf ¢ Caterpillar d elotex ‘“e | Cent Aguirre {Cerro de Pasco. | Cer'n-td 6 pr pf 2 Cham Pap pf. Ohio

nc. . H...

hi RI&P { Chi RI&P 7 pf. | Childs j Chrysler .. | City 1&F pt.. { City Stores ... 1 Bg ..-: CCC & St L... | Climax Moly Co

Som Solvents . Comwlith 8 So ] Comvwlith pf Comwlth Eaison 3

Corn Prod pf 1 Crane Co Crane Co cv Crown Cork . Crucible St ce pf Cub-Am Sug Curtiss-Wr i

| Curtiss-Wr Cutler-Ham

Davison Chem Deere & Co...

| Di Dist eag Doehler D Cast {Dome Mines ... { Douglas Aire. 65 Dow Chem ... 1's | Dresser Mig «143% Du Pont ......12%7'%

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS ciearees 108.94 cessecsseisss HLS . Month Ago ... 106.95 Year Ago 128.52 High, 1941-42, 133.39; Low, 106.34. High, 1940, .52.80; Low, 111.84, 20 RAILROADS

Low Last Change

—=0.12 —1.34 +0.28 + 0.18

Yesterday Week Ago

seats tsntaton

Yesterday Week Ago .... 14 {Month Age » | Year Ago . Hgih, 1941-42, 30.88; Low. 24.25. High, 1940, 32.6%: Low, 22.14. 15 UTILITIES

27.99 24.38 29.48

Yesterday * Week Ago Month Ago .. 13.56 Year Age .. 20.33 High, 1941-42, 20.65: Low. 13.51, High, 1940, 26.13; Low, 18.03.

14.61

cessrtRansar aa

Net High Low Last Change —y 5512 3%

58'2 123 23%

Johns-Man_... Johns-M 3 Jones & h. 4 |. Kaufmann pf. Kennecott Kresge SS

Kresge D S Kroger G&B .

. 86 ..123 34 wth 104 100%

Laclede G

— — _ p-> RE a1

‘ Leh & Coal pt . v| Leh Val RR Lehman ...... Lerner Strs ... L-O-F Glass ... Life Savers .... My

3 1s 's

~~ ot +|+4++1 1]

—

SN, » BN HB

15 YT 3 bt pt

an Shirt .. arine Mid .. arshall ¥ld . ; artin (Glenn) 238 artin Parry. aster Ei .. Bthigsoh of.

odatl Corb cCrory .....: cCrory pf . cintyre Pore.

91S = RS 19 =

NO Oa OF

~ -

>» OWI D IB WRBD DRS HIIIIIDODE BIW

oo 5 5. Th SAWANT TPs WD FOB C5 1 Ty 15C5 03

ead or pf. jami . Mident Pet ind Moihe

of. . fonsante. of a N War

—D p—-

Ac ‘ Aviation. Biscuit Cvl Dairy.... Distillers. . 21a Gypsum pf 98: Lead

Lead pf B ne Pwr & Lt. 234 5g 12!

a Ne a) bp ON

de eb AOS de OF

NW LDS LIND DDN LD wT

wo i a pr wr SHOR 0h yi 00 RSG Roy a oY

Sup penh

[= V ft pt © @ rr fg 00 a BIIH PS Ne pt «1 UID Wn OD 0

rp at aT ey

cg ed

Oewns Ill GI

Drs UD pt pt 13 @ xn

TIN O0 00 TID =) +t Ca) Cad Ca¥ bt LI 5 UT ID 09 UT U1 OO ee C3 TS TY TO UY pe =

Pac am, Jish .e Pac GC & Bp ... } Pac ne Thien Pac Mills «vi. Pac Tin Cons. Packard . Pan Am Airwys | Panhandle Paramt Pic.... Parke Davis .. Parker Rst Prf. Patino Mines .. {Pen 73 Ford Penney .. Penn D \ Penn D C pf A Penn RR 2 Pepsi-Cola _.... Pere Mat pf . Pere Mat pr pf. Phelps Dodge . Phillips Jns . ! Phillips Pet Suishury

oF 00 ~

® 0 0G

po P-L LC I

"oa »

»»

5 The © 05 05 0 19 pe F303 00 U1 G3 in 7 3 13 03

Gh Gh. hay BNE Rae naa

dn CIGD be he DT 0S

2 i | Bittsto Pe ' Bifisen, Bg Press Stl Car.. "1, | Procter & G... i y

a AD CO wl hm et STD BD =

‘ 1674 12: 13454

1454 127%

wii lss

Kodak... 130's Eaton Mfg .... 30% Elec Auto-L... . 223% & Music I 4, [Elec Pwr & Lt, 1! ] Pw & L $8 pf 323, a Pw & L 87 pf 35'a {Elec St Bat. 312 El Pas Nat Gas 23 End Johns , 103 Eng Pub 8S... 258 Erie wi Erie ct wi Erie pf A wi... Exchange Buf..11- Et)

Fair, The bpf.. ar

Lajardo Sug .. 214 Fi Phen .... 38!2 Firestone T ... 13% Firestone pf A 903: First N Strs .. 38 Flintkote . 8%¢ Food Mach . 313 Foster Wheal.. 113% Fost Whi pf . i Fruehauf Tr pf

Gair Robt Gea Wood

:+. 3816 Motors pf 1245 Pr Ink... $4 Riv & U . Shoe ‘hh

Gul Grumman Air E 13 Gu M & Oh of. 23%

Harb-Walk Hat Corp Hecker Prod aes Herc

Hershey Holland

Hl Central ... Il Cent L L. Inspiration Cop 1 Insshs cts

120 E. Washington St.

BUY } DEFENSE STAMPS

Y yr

Highest Price Paid For Straw In Stack

130 301% 221% 11-16

| Bedio.x. or, '2| Ravonie# pl... Th | Beating 1. pf. > | Rem nd . it | Reo Mo vic new ~ 112 | Republic Stl. +| Revere Cop {Reyn Met. . ... | Reyn Spring. 1, | Revn Tob B. 8 Rustiess I & St = '% Rutland pf.. 1a

3-32

97% . 5-16 11- 33 ..110 . 18a 15%

10934 1834 153% 36% 3-16 1234

3 51% 9th

Safeway Savage Arms m Schenley Dist..

oo NNN WNW HB

pt DO rapt UF COD bs 3 1D

OF pot po UD nd 5 3 OF =F wh or DD pt ps LO CAPD bt CIT OY pt on (2 UP CD CD OO =| wd

573% 5'a 321, 1

251% 1912 Tk 17s 24

rm Sn wan

CY ot DD CIV wd TF OO LD Ty re CI

's |Socony- Vacuum iy | So Am Gold ... {So Por R Sug.. {So Cal Ed ... "sy | South Pac = 8 | South Ry : South Ry ,1S0 Ry M 1s | Sherr &

ft pt ay NN SDB

WOWEILIUT III D en PAA PP

OF RS Ah 3B

- Io ~

ON ANYTHING

Get Your Cash in a Flash!

® Fur Coats 'e Diamonds ® Cloth Coats ® Watches © Jewelry ® Typewriters © Men's Suits ® Overcoats ¢ Cameras ® Shotguns ® Transits Eis i ewing Bachifies

1 Instraments

ILLINOIS at OHIO ST. ONLY ONE LOCATION

or Baled Straw In Barn. Address

P. O. Box 191

8 was named manager

{as Clerk of the Delaware County | Circuit Court,

Net Last Change 13s 's 10Y, 3g 12 2053 28:

= n =

de +

RISES TO $12

Lighter Weights Advance i: 25 Cents Here as 6947 Sufi en, BL BML Porkers Arrive.

, & © Swift Intl Syming Gould.

la 1s Is la

C1 BI DS et pt Ba LD NOI +e

— = urs

ne w »

~ GYRO WB

Hog prices advanced 10 to 25 cents . at the Indianapolis stockyards today, the Agriculture Marketing Service reported. Weights under 240 pounds rose 25 cents while heavier hogs sold 10 to 20 cents higher than yesterday. The top was $12 for good to choice 200 to 210-pounders.

Receipts included 440 cattle, 323 calves, 6947 hogs and 1854 sheep.

Aoxas Co G Sul Tex Pac L T Thomp Star Timken P B Tri Con 20th Cent Fox. Twin Cy R T. Twin C R T pf 27 Twin Coach .. 63

t 8% p . 4012

Un Aircraft Bt Ey ioh B&P

al fe

A i C3

— st LI © “Bw

OBI IDBAN | 0303 gc ~F —

’ 0 ne

o -

HOGS (6947)

(Barrows & Gilts) Good to Choice— 120- 140 pounds 140- 160 pound 160- 180 pound 180- 200 pound 220 pound 240 pound 270 pound

g United Fruit. . . 88, Un Gas

aca = ES a 12 o> Hal py 0" —- ws oe rt ea SLEZZEIERS

1B Lon fa CV md Svar

—- [=]

Eh: . De Seon SnonSzobek

a AES br a GA SDL 000 0 CRD ae 0 IB DD

330 pound Aud Ci pound

D39993399d Ft ht pl fd ok et fk rk pt pk tt tt B33 fet Fs

cacacacca DLpNBLBYHANBH 14]

tannin Rn

BREE

— —

Mon "20 pounds

Packing Sows to Choice— 300 pounds 330 pounds 360 pounds

. [email protected]

Good Vanadium .. 19 Van Norm Mch. 10'z co. 38; 330Good 360400-

400 pounds 0 450 pounds

virginian Ry pf. ao pounds Mediu

Wabash pf Wi.. Waldorf Sys .. Walworth ‘ Ward Bak pf .. Warner Bros

250- S00 pounds 8.90@ 10.60

Slaughter Pigs Medium and Good-—

40- 120 pounds 10.002 10.85

: Wayne Pump .. : 34 ve : 85 |

I Spa: CATTLE (440) | Nest. FL, EB or HO Slaughter Cattle & Calves Auto Sup. 1434 3 : Ls i S | Choice— | Ne a" vs 3 ) ad 750- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds

QUOD

Good— T750- 900 pounds 900-1109 pounds 1100-1300 pounds

Overland «| 1300-1500 pounds

willys Overld pt Wilson Co. Woolworth ‘es Wodthington

OWID IoD

edium— 750-1100 pounds 1100-1300 pounds Cnmmon — 750-1100 pounds

Steers, Heifers & Mixed . 1200@13 11.00@12

.26 25

0.50 |

| pounds 00 | Heifers Choice— | 750- 900 pounds ......... vase 11.15@ 13.28 Gond— 750- 900 10.75@ 11.78 9.00@10.

7.50@ 9.00

Yellow Young Young

Tr. o.ves Sheet . .. Stl Dr..

{ Choice— 500- 750 d

Good— 500- 750

pounds

Zonite

REED LEAVES POST AT UNION TRUST CO.

Retirement of John E. Reed, vice| am ne common president of the Union Trust Co. [Ganner iy for the past 23 years, was an-| nounced today by Volney M. Brown, | newly-elected president of the FRC = ; financial institution. | Cutter and Common ..

Arthur BE. Smith, formerly teller, CALVES (323) Vealers (All Weights) : of the safe|a0q and choice erie. $14.50015.00 Common and medium “os £[email protected] Cull 580: @ 8.50

Feeder & Stocker Cattle & Calves

pounds

) pounds Cees Common

500- 900 1 pounds

Caw al Weights)

‘Bulls (All Weights) (Yearlings excluded)

[email protected] 9.50@10. 20 8. 1394 8 8

Beef—

Good . | Sej1saggm

deposit department. Mr. Reed, a Virginian, came to Indiana in 1873, taught in the public schools six years and then served

Choice— 500- 800 pounds 800-1050 pounds

ood— 500- 800 pounds 800-1050 pounds Medium— 500- ro 0_pounds Com 500- 71900 pounds Calves (Steers) Good and choice— joo onde GOWHR lease...

He was cashier of the Merchants National Bank of Muncie, Deputy State Auditor and became vice president of the Farmers Trust Co. in 1911. Seven years later he became vice president of the Union Trust Co. Mr. Smith. a native Hoosier, received his early bank training at the First National Bank of Chattanooea, Tenn. Later he was with the Marmon Motor Car Co. here and joined the trust company in 1929.

CHICAGO LIVESTOCK

[email protected] 500 pounds down ‘ [email protected] Calves (heifers) Gooa and choice— 500 pounds down ............ Medium— 500 potinds down ..

SHEEP AND LAMBS

Lambs Good and choice : Medium and good... .... €es vs IL Common .

10.00@ 12.00 [email protected] (1854)

Yearlimge Wethers CO and choice. .

Ewes (shorn)

Good and choice Common and medium...

*lloads yearlings and light steers weak at

Y2|to 15 cents lower; Cutters selling at

LOCAL PRODUCE

Ibs, Barred and 15¢;

Heavy breed colored hens, 5 lbs. and over, full feathered, 18c; heavy breed hens, under 5 lbs. full feathered, 160 Leghorn

Hogs—Receipts. 11,000: general trade active and 10 to 20 cents higher: advance on weights 220 lbs. down: 180-300 lbs.. [email protected]; choice lots usually 210 i) down $11.70 and $11.75; top, $11.7 ood nd choice 160-180 ibs. lig ts, hi °$11.2 5@ 11.60; most 360-500-1h. sows Th [email protected]; few lighter weights, 11011 1 AD Receipts. 3000; late Thursday: Fat lambs steady to strong; bulk good and choice native and fed range lambs, 312. [email protected]; strictly choice ligh eights, $12.65; 100 lbs. and upward $11.85 today’s trade: Fat lamb market not i I lished: bigding barely steady at $12.50 on several decks of choice handy weights and natives held fully steady at $12.65 and above: few ool lots fat ewes, $6.75 down, stea Cattier Receipts. 1000. Calves—Receipts, 500; although sharply lower for week, no reliable outlet for weighty steers: several

Springers. under 4's {Tlie ock, 16c: colored.

mostly medium to good grade; choice loads steers taken off market and not shown today: generally weak on both steers and heifers: ater class peddled to killers at $12 d below: little action on canners and common beef cows, but market eak dewn and most common and medium beef cows at [email protected]. _canners, $6.50 down with light kind to $5.50 and below; practical top weighty sausage bulls, $10 steady to weak; vealers steady a $15 down but ‘undertone weak, country men buying meaty heifers rather freely @10.50: also showing ore A light stocker steers at $9.50

$10@12; nothing weighty

hens, 12¢ Roasters, 4'2 lbs. and over: Barred nd White Rock, 18¢; colored, 17¢. (All No. grades, 3 cents.) Cocks, 10c. 9s ggs—Current receipts. 54 Ibs and up Graded Begs—Grade A large, 31c; Grade A Medium, ade A small, 35¢; no grade, 25c But er-siNo, 1. 81 @30¢; No. 2, 371@ 37sec; Duttertat. No. 1, 33c; No. 2. 30c. (Country pickup prices quoted by the Wadley Co.) DAILY PRICE INDEX NEW YORK, Jan. 23 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100). Yesterday .eeccvcencevacecss 154.69 Week Ago She RtRRtRINranat ane 154.12 Month Ago Seb BBRNNr ARNON 149.91 ! Year AGO «eevescriiiarnanes 12479 at 1941-42 High (Jan. 22, 1942) 154.69 In 1941-42 Low (Feb. 17) ......, 123.03

——————— re m—————

The CHICAGO STORE’S Great Jaminry

UNREDEEMED

SUITS, TOPGOATS and OVERCOATS

| easier,

Leghorns, | W

Gets OPA Job

Dr. Clarence H. McGregor, head of Cleveland College commerce department, is new chief of the rubber products division of Office of Price Administration.

TRADING IN STOCKS LIGHTEST THIS YEAR

| NEW YORK, Jan. 23 (U.P) .— Trading on the stock market today fell off to the lightest level since last October with prices narrowly! irregular, Railroad shares, leaders on the| upside in the previous session, lost their snap and most of them reg-| istered small decline. Steels, mo-| tors, coppers and rubbers were| Mercantiles, electrical equip- | ments and oils were irregular. Selective operations brought wide net changes in a few instances. Capital Administration preferred rose 2 points on one transaction. Gains of a point and more were made by Electric Power preferred issues, Columbia Gas 5 per cent preferred and General Steel Castings preferred. U, S. Rubber preferred Post a pont,

OFFICERS RENAMED BY PEOPLES STATE

| Officers and directors of the | Peoples State Bank were re- elected) yesterday. | Felix M, McWhirter is president. | Albert J. Hueber, vice president. | Clarence R. Weaver, vice president and trust officer; Neal Grider, vice | president and cashier; Francis Polen, assistant cashier; Herman | F. Brecht, assistant trust officer and | Evans Rust, manager of the per-| sonal loan department. Directors are Mr. Frank F, Hutchins, Mr, Mr.

Mr. Hueber,

Weaver and L. Roy Zapf.

PUBLIC SERVICE CO.

day authorized payment of regular | quarterly dividends of $1.25 a|

cumulative preferred stock and 25 cents per share on stock. Both dividends cash March 1 of record Feb. 14.

U. S. STATEMENT

WASHINGTON, Jan. 23 (U. P.).—Government expenses and receipts for the current fiscai vear through Jan. 21 compared with a_vear_ ago. Last Year

his Year Exp. $13 22. 3% 238. 3

will be paid

289,942,461.45 9.591,712,609.57 4,567,896,713.53

-»

BU me BILIRT

Dt m3 Trt +e EO

ar Receipts Net, ef. as a Ww Bal. Pub. Debt 5 Gold Res. 29

INDIANAPOLIS CLEARING HOUSE leatings

Grider, Dr. | i

McWhirter, Henry E. Ostrom, | | |

SETS UP DIVIDENDS

Public Service Co. of Indiana to- |i

share on the company's 5 per cent |: the common

in |i to all stockholders | E

SCRAP METAL PROBE OPENS

Louis Borinstein Asked to Appear Before Patman Committee.

Times Special

WASHINGTON, Jan. 23.—Louis J. Borinstein, Indianapolis businessman who heads the scrap metals division of the defense setup here, has. been asked to appear before the Patman Commitfee next Tuesday. The inquiry of this House Come mittee, which was established to investigate the impact of war on small business, will be into what is the cause of alleged bottle-necks which keep scrap metals from reaching the mills. Rep. Charles A. Halleck (R. Ind.), who headed the Republican Committee investigating small business problems and is now a member of the Patman Committee, said: “If it is found that there is a jam between the small junk-dealers turn-over and that of the big operators, in which the latter have been holding up delivery to mills for better prices, this Government might well remedy the matter.”

KLETT APPOINTED EXPORT MANAGER

The Marmon-Herrington Co. to|day announced the appointment of William H. Klett to its export staff in charge of Latin-American busiess. Mr. Klett is a native-born American but was educated in Mexico. He managed a large distributing firm in Mexico City and for many years was district manager in Cene tral and South America, as well as in this country, for several prominent automobile mnaufacturers.

WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and elevators paid $1.20 per bushel for No. 3 red wheat (other grades on their merits), No. 3 vellow shelled corn was her Pushal and No. 3 white shelled orn 8le; No. 2 white oats, 52¢, and No. 2 red oats, 24C.

Investigate Colonials Various Home Loan Plans

Come in Today tor Free Consultation About Your Home

Colonial *85k

Association

28 South Illinois ber FEDERAL SAVINGS &

Mem LOAN INSURANCE CORPORATION

CAR OWNERS

Careful drivers reduce

automobile insurance costs

e A ‘Grain Dealers Muwal

[: pensive Automobile Io . ce policy protects you hazards: Fire, theft, eakage of glass

suran from these windstorm, br explosion, earthquake, watef

[2 flood, vandalism, riot,

I damage,

d by missiles and falling objects.

loss cause dam a ge from

Ansuol Promiom As bow As $600

GRAIN N DEALERS

MUTUAL AGENCY, II TR ER SUOR REY

Ha vA ER eh

THE HOURS

Y COMBINED A LAMP AND A TIMEPIETE BY JOUE 70 OVERWOSWS GRADUATING THE OIL RESERVOIR SO THAT || THEWR EVES UNDER THE AS IT CONSUMED FUEL IT MEASURED [J POOREST LIGHTING Ca

UH AGES WAS LARGELY

DITIONS.

BUT 173 A OUD. 12 ACTUAL Bik

Ths Wl) Jurgest Light Buth

TOPS A 132-FOOT TOWER AT EDISONS MENLO PARK LABORATORY SITE. ITS 14 FEET HIGH MADE OF 2-INCH GLASS ...

POWER LINES PROVIDE THE FERAL LIGHT INSIDE.

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