Indianapolis Times, Indianapolis, Marion County, 9 April 1942 — Page 8
PAGE 8
BUSINESS
Public Still Isn't Convinced That It Should ‘Buy Coal Now’
8y ROGER BUDROW
THE PUBLIC ISN'T HOARDING the one thing the government wants it to—coal. The campaign to “buy coal now” is a flop so far, perhaps because home-owners remember last year’s experience. Then they were warned a transportation shortage might make coal deliveries difficult but the widely-publicized predictions of such a shortage did not turn out to be true. The government wants to get next winter’s coal supply moved now while there is freight space available. But instead of buying more coal, figures show the public is buying less than usual. Reserve supplies are below normal.
And it appears that our coal + needs this year will be one of the PRICES ON HOGS
biggest coal orders ever handled by the mines — some 560 million tons Top Slumps to $14.25 as? 8429 Porkers Arrive At Stockyards.
of bituminous against 563 million tons last year. Only four times in history have we used more. Unless there is a decided change in coal buying this summer, this fall will probably see the biggest scramble for coal since the first world war. And that will be just when the big grain crops are moving to market and when war production will be hitting a high peak. The coal mining companies want to keep busy as possible this summer because there is a limit to their productive facilities. New England, which gets about two-thirds of its coal by boat, is probably in the worst spot. But it is getting more and more by rail, while there is time. The government believes the remainder of the country should do likewise.
Roger Budrow Indianapolis stockyards today, the agriculture marketing administration reported Weights over 160 pounds were 15 [to 20° cents below yesterday's prices,
pulling the top down to $14.25 for good to choice 230 to 240-pounders. Lighter weights were unchanged. Receipts included 770 cattle, 335 calves, 8429 hogs and 463 sheep.
HOGS (8429)
Good to Choice—
pounds pounds . pounds . pounds .
2 = 2 CORPCRATION WOES ported to stockholders): General Foods Corp. may cut its dividend. Problems: Tapioca, coconut and cocoa supplies are being cut off; transportation difficulties in obtaining coffee; curtailments of tin, sugar and packaging material; increased freight rates and no tires for the company’s auto fleet. 250: SB0 pouis Westinghouse Electric: The gov-| Slaughter Pigs ernment power to inquire into costs | Med ang, od od— and criticize profits “is exercised CATTLE (110 not once but frequently, through (170) many different bureaus, divisions Slaughter Cattle & Calves and investigating committees. The government has assumed command of all labor disputes of a serious nature. All work in the shops is under govrnment inspection and they do not accept. as the world has done for many years, the standards of the company without checking.”
(as re360 Medium — 160~ 200 pounds
Packing
Good and Choice— 270- 300 pounds 330- 360 pounds 360- 400 pounds ... Good— 400 400- 450 450- 200 Medium —
pounds 10
pounds unds nounds
Choice— 750- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Good— 50- 900 900-1100 1100-1300 1300-1500 Medium — 750-1100 pounds 1100- Sa pounds Comm: 750- 1100 © pounds Steers. Heifers & Mixed
Ph pt pt 2 sh i fu EE ERE
4.50 4.50
pounds pounds pounds pounds ..
«+ [email protected] [email protected]
«. = =» [email protected]
ODDS AND ENDS: Chairman Alfred P. Sloan Jr. of General Mo- | Chotee— tors is its largest individual stock- ! ai 50 owns holder—615,524 common shares. . . .| 500- 750 pounds Colgate-Palmolive-Peet Co. says Heme. doesn’t know what has happened 750- 900 pounds to its subsidiaries in enemy-occu- | G88, poutds pied lands. - .. A New York broker- | Megium, coats age firm (Bonbright & Co.) is sus-| pending business for the duration] S00- 900 pounds because a majority of the partners Cows (all weights) are in the war (it didn’t say so, but Medium 5 tei iuiann perhaps business isn't so good) . . .| Gutter and common Three other companies have been | licensed to make Fairchild’s trainer! plane (model PT-19). . Shipy ard | workers are going to work from +1550 Baltimore to Bethlehem Steel shipyards at Sparrow Point, Md. and the Maryland Dry Dock Co. plant in excursion boats that once plied the Hudson and Delaware rivers. Boat trip—20 minutes. Auto or trolley—one hour.
«+ [email protected] [email protected]
seen teserenn
sesessvenene
8.75@ 98.75
Bulls (all weights) (Yearlings excluded)
[email protected] 2%e 10.00
@
00@ 9.00 CALVES (335)
Vealers (ali weights)
Good and choice
Feeder & Stocker Cattle & Calves
Steers Cholce— 500- 800 pounds .......eevee- 3813.1 800-1050 pounds [email protected] | Good 500- 800 pounds [email protected] 800-1050 pounds .....voee.ee. [email protected] sss etree [email protected]
Medium — [email protected]
WAGON WHEAT
Up to the close of the Chicago Market today. Indianapolis flour mills and grain elevators paid $1.12 per bushel for No. 2 wheat (other grades on their merits). pi shelled corn was 97¢ per No. 3 white shelled corn, 87c: Ne 3 white oats, 51c; and No. 2 red oats Cc.
Mee pounds Comm 500+, 900 pounds Calves (Steers) Good and Choice— 500 pounds down Medium — pounds aown valves Good and Choice— $00
pounds down [email protected] Medium— 8
500 pounds down [email protected] SHEEP AND LAMBS (463)
Lambs Good and choice Medium and good Common 3
[email protected] (heifers)
Ewes (shorn)
Good and choice .. Common and medium
CHICAGO LIVESTOCK
Hogs—9000; Slow; steady with late trade or > a eas lower than Wednesday's 5.
ig and choice 200 $14 955 14. 5: practical . $14.40 with $14.50 paid sparingly: 180-200 Ibs. $14@ 14.25; 160-1 1bs., steady, bulk, [email protected]; weights not much of a factor in sow sales. Cattle—5000: Calves—600; Fed steers and yearlings slow. medium to good grades predominating in crop; mostly weights a cents lower; nothing strictly choles her best around $15, mostly, $11.2 214.25: S rs inactive but little here wal finish enough to go on eastern accounts; heifers, scarce, firm: cows steady to weak; bulls strong; weighty sausage bulls up to 3 A paid freely; vealers steady at $14.50 wn; stock cattle scarce, active at $11@
price. Sheep—2000: Late Wednesday: fat lambs firm, weights and less attractive quality considered: top, $12.25. bulk 92-110 fed woo! $11 [email protected]: Sau hter ay’s still ungeveioped me interest steady or $1 otherings held at $12.25 and dy
There Is A Nome For YOU
. « . somewhere in Indianapolis—there is a home that will just fit your needs! Before you start to look for it, come in and let us tell yeu shewt economical loan
-
plan. F. K. A. LOANS The UNION TRUST COMPANY
of Indianapolis
| 320 EB Market St.
Hog prices turned lower at the|j
{ Chi
$13.50@ 14.50; sows| Do
is mostly choice 1000 feeders at outside B
own and Fea Alot
By E. A. EVANS Times Special Writer IN THE DETROIT AREA, April 9.—Is the automobile industry converting to war work? Detroit's answer is an “and how!” so thunderous that it ought to blast Berlin's hopes and cause tremors in Tokyo. This industry, having chafed long under criticism for not going to all-out defense production before the government told it to, is making up time with a vengeance. Part of what it is doing was shown to newspaper men, invited here by the war production board, in a whirlwind all-day tour of giant war plants operated by Ford, by Hudson, and by Chrysler and its subsidiaries, Plymouth and Briggs Body. More is to be seen during a second day in plants of General Motors and its Buick and Fisher Body subsidiaries. Everyhere was evidence of management and workers—members of the C. I. O. union which voted Tuesday night to give up premium pay for week-end and holiday work—co-operating to speed the already impressive output of planes, engines, tanks and guns, Henry Ford’s Willow Run bomber plant, in the biggest room ever built by man, is getting ready to turn out four-engine Consolidated bombers from several moving assembly lines. Already armies of
By UNITED PRESS
DIANAPOLIS TIMES
Detroit's Arsenals Making Things Hard on the Axis
NEW YORK STOCKS
THURSDAY, APRIL 9, 1942
men and women are busy there, making parts and doing preliinary assembly ‘work on the first huge planes. Human beings are dwarfed among the mazes of machinery in that vast room, more than half a mile long, nearly a quarter mile wide and at least five stories high. Where it stands was farmland less than a year ago. Adjoining the plant is what must be one of the world’s biggest landing fields. Its concrete runways are the equivalent of 22 miles of two-lane highway. Adjoining also is a Ford training school which shortly will be graduating 2000 expert welders and riveters every month, Chrysler's tank arsenal, where enormous steel plates and castings move in at one side and completed tanks roar out day and night at an opposite door, stands on what also was a cornfield in February last year. Its products are called “medium” tanks. But the transmission alone in one of them weighs as much as four ordinary automobiles. Their building requires hundreds of machine tools, all new within the year and all specially designed—presses the size of cottages, boring and grinding machines, traveling cranes that lift the turrets and engines and guns into place, devices that fit the caterpillar tracks to the big sprocket wheels. At another plant, mass-production methods are turning out rapid-
TRADING IN GRAIN
DOW-JONES STOCK AVERAGES
30 INDUSTRIALS “ees 101.23 titereitessanses. 100.89
Net High Low Last Change
Abbots Lab 39 Abbot Lab pi. 108°4 Adams Exp Vs Ah
—0.66 +0.94
Yesterday Week Ago Month Ago ...... YOAr Ago ......icvivereinn .. 119.66 High (1942), 114.22; Low, 99.21. High (1941), 133.59; Low, 106.34.
20 RAILROADS
Yesterday “evans Week BED ......cciniiiissee MONth Age ...cciiviaaciiies 2628 YORE ABO ...... covey vo 28.11 High (1942), 29.01: Low, 24.8%. High (1941), 30.88; Low, 24.25,
15 UTILITIES
5... 105% + Sesrites oR —
EB) 1
-—0.13
25.43 25.17
Aipha P Cem. Amerada Pet m Am Am Am Am Am Am Car&Fdy. Am Car pf.
m_ Chic 72 AME FET “se of 2 Am-Haw SS -3 Am “iome Pr. Am Loc A Mach” & Met Am o> Am Am Am Am
SP Lt
SRE
ot fk fe
High (1942), High (1941),
14.94; 20.65:
Low, 11.42, Low, 1351.
FLERE RE EEE +14: 00)
Low
132 415 67s kl
Ya Ya
1
I ~
1 1
1s 15 5 Ya 35 Ya
15 |Grevhound Cp.. Grumman Air E 11% Guant Sug pf.. 65 Gulf Mobile se 0 23
Hanna 5
Anvcon 3 Armour Del pf ois Armour 1 .... J Armour I pr pf 58 Armstrong C . 53 Asso Dry Gds.. 5 Asso Inv .. 231s . 93%; 6S
Pdr Herc Pdr pf
59 +. 129% olland Furn . 18 ake 6
11 Seninal 11 Cen 3 ndpls bw & Lt 1 nspiratn Gov. nterchem .
o
Bald Loco ct .. Balt & Ohio .. Balt & O pf Barnsdall .- Bath Ir Wks .. Beatrice Cr .. Bell Aircraft Bendix Avn . Ben Ind Loan.
AT. pb 00 08700 09
sar oN
S pf on Cr Coal
3 -
den Borg- Wainer Bower R B ... Briggs Mfg .... Bkivn U_ Gas. Bucyrus-Erie Budd Mig pf. Budd Wheel Buffalo Bullard Burroughs Bush Term Byers pf
Jarvis Co . Johns-Man_ ... Jones & Igh.. 2 Jones & L pf B
aa + »
3
STD BD br ps =
S&F. A B
Kalama Kelsey-Hayes Kelsey-Hayes Kennecott Keystone ‘Stl . Kinney 5 pf.. Kresgee SS Xréss ....;.. « Kroger G&B..
- »
4 ot
a tal Ya |
BO 1D bet CI pt £3 Uo
Calumet & h 2 Ca .. 14% . 10% lp
PRN]
ONE a0
Cannon Mills. . 313 PCem..... 19 Caterpillar T - 3% Saapese Celanese 5 ‘prpf a Celan 7 .118 Cent Foundryv.. 17% Cent Ill Lt of. 94% erro de Pasco 30 Certain-teed 2 Cert-td _6 prpf Ma -ve JY 291d 1 . 3 no A 3% C Gt W Ry 5 pf 113 Poeun T (1 . 1218 ia
543 . 8315 . 331
4 Len h
Ft a CD pu
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- Py Nd ~ 0 Whaat a th Nm
BO
y pf. Lockheed Airc. Loew’s . Lone Star ‘Cem. 3 Long Bell A.. Loose- W Bis . Lorillara . ... Lou G&E A. Lou & Nash.
- Dt fd BIO 4 COIALICI kp a Nand BID +a 00 FOLD bt pus
oo Fa Gr Sa ae 3.
Oy tt Ca) st 00 wf =] BD CO wn post TY IY =F pin poet fn C5 fn Ty -
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FEEL EE hr:
tt
hilds . Chrysler _ . City I & P Clark Eq 0 Cl El lim | 10934 Climax Moly Co oie Coca-Col: 67! Colgate- Br Col So
&S Col Broageast B ols Colum ‘ 6! :
pt
fa OID IDI fut tpt
LE
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Magma ........ Manati Sug ... Marine Mid ... Marshall Fld . 93% Martin (Glenn) 2214 Martin Parry . Masonite Cp .. Mathieson Bes McK & Rob. 12
Mead Corp Mengel ... oq Mesta Mach .. Mident Pet ... Midland StI ... Midland Stl pf. Mission Corp .. Mo-K Tex pf..
Freres I QF
BN bs Oy LO CON rt Mt 0D 1D =F CID LL vin +t AD
5 5, Com Solvents 1 Com So . 1 Corow 2: Se Comm Edison Cons Cons Cons Cons Cons Cons Cons Sox Container Cont Can _.... Cont-Dia F Cont Mot “ Cont Oil Del .. Copweld Sicel- 10 Corn Ex g 28% Corn Bron Corn Prog pf. 183 Crane Co 125% Crane C cv pf. 892 Crosley Corp .. Crown Zeller © 10% Crucible St 30 5 i 3 10%
Crucible a oi a Se ; 4 157 73%
Cud 223%
1
' Cd a At oA NR
FI
.. 2834 «19% Aircraft . 19 . 103g . 534 - i138 79% 5
5%
13 . 233s 8
2 oo Ww
TO ph ph pb ob ph ob (DC) OF NOFA NDOT AT 08 a 0
ESSNRNES
LS
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NSN
Moheatio pf I M Ess
1s | 38
pt DwWwwn re > a
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338 8 | Murphy GC .. 18% 16 | Myers ® Br ...
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Nabco I. Co ... 2! 12! Nash-Kely . 5, N Ch & =F b 22% t Acm 16% A Fibres 3%
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dd
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5
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— 3 == 85} — 11 1g | Ys |
bt pd
Gurtls pub ¥ ‘ ~ ar ub pr ot t fis Curtiss-Wr 4 Drviiters ie Curtiss-Wr A .. Gypsum . 434 Gypsum pf 62% Lead .. 12%
— 1g ls |
Davison Chem. § 1 Dayt P&L cupf. 108 © Decca R 63%
..2
sd
3 Ta 1a
+1 |
is la 3s 3%
CL) i Jo w
08009
"ip cific %2 | No'west-Airlines 8% - |Norwalk T 1% Norwich Pharm 5>
“1.0
Oru
nhi S58 Duplan Silk Du on hs Duques L pf...
igh 8%
fut - ~ ON SIU DD p Cal
East Kodak
a =
Te 23 Glass 45;
he
Stee. Owens il
Pac Am Fish
a A NN @
FEEL HLT
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ac T “t Pac West oil .. Fackar Pan Am Airwys 1 Panhandle 3 Paramnt Pict . 1 Para Pict 1 ol 10 Utah Patino ings. .e Pen & re ..
Penney Penn Gl Sands nna RR
Soh FEL: b+
Firestone T 43% Firestone ot A 8: n intkote . Mac £2 B= Foster Wheel «« 113%
fost-Whi $i Freept- Bur 333;
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ft 1 pat OO best La) oc]
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Moto 3412 Motors of 122%
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Pu! Pub Ser 8 Bi 1002
A SAFE DEPOSIT BOX 's ndSURAROET
9 Different 8
$3 to $100 a Year
Gen Gen Ly : i
(rr
+0.02|F
Net Last Change S Vs Ss
2 y pf.. Sparks With .
3s | Thompson Pr ..
DEPRESSED BY WAR
CHICAGO, April 9 (U, P.). Grain futures rallied mildly to near previous closing levels after opening weaker on the board of trade s today. At the en dof the first hour, wheat was unchanged to off 1 cent a bushel; corn was up % to %; oat sunchanged to up %; rye unchanged to up %, and soybeans off % to up 3%. War news from the Pacific seemed sto have a depressing effect in initial dealings. Trading was light and scattered.
OTHER LIVESTOCK
CGNCINNATYL, April 9 (U. 2500. Hoge under 180 lbs. ; 200-3 lbs., 20- 300 yb 1 good and ch 20 2nd 250-300 Is 0-400
Last Change
ing Reisiie
Ren 7| Republic St Revere 7 bpf.. Vv
Reyn Tob Richfield Ruberoid
St Jos Lead... Savage Arms . Schenley Dist. a Scott Pap . 30 Seabd Air L pf Seabd Oil Sears Roebuck. Servel Inc Sharon Stl pr. Shattuck . Shell Un oil. . Skelly Oil
FELELITE:
fe uppiy y small good lightweight ver ngs, bulk common and medium S12 and heifers, $10@13; common to good beef
oe
Spear & Co... Spencer K ... Spiegel Inc . Spiegel Inc pf. Square +37 .. 40%
D Square D ol.
medium, $8.50@
Not ugh on sale to 200d | ne choice pring
lambs, $15: old crop wooled lambs, Src clipped lambs, $11 down; fat ewes, 0@5
INDIANAPOLIS CLEARING HOUSE
Clearings ....... treitascannsess $3,851,000 Debits 10,050,000
Nedoaner Sun Oil Sunshine Min.. Superhtr Caen Superior Oil ... Swift & Co ... Swift Intl .... Syming-Gould
Net Last Change
15-32 41-32 43% — #
Ya 12 9g Ye 8 Th 24, } A eveo sre WW . 26%, 6% 41s
High Low Un Stores A ..15-32 15-32 Univ Leaf T ... 43% 435%
Vanadium Va-Caro 6 p . Virginian Ry pf. Vultee Aircraft. Vultee Airc pf..
Texas & fe 3 7 Third Av Ry
Thomp Star Wabash pf ... Waldorf Sys . Walker, H-G&W Warner Bros .. 47 Warner Br pf.. LL TT .. 43% . 56 f oa D .106 West Au Sup. - 144 2
Timken R B Sr niamjenica .s Tri-Con 20th (HT Fox. 20th Cent-F pf. Twin CRT pf..
+H
“a
L
—
0 351% a 3215,
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321%, 103 11%
72 752 243 31, 8% 11% 9-32 14% 43 41, 302 56's 4
Und Ell Fish..
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United Aircraft Un Air Lines.. Un Biscuit United Corp United Cp p
Sew M Willys Overland Willys Olnd pf.. Wilson & Co ... Woolworth Worthington ... 1 Wright Aero ... Wrigley
br 00 rt hn UY BD CACO BD SLE + ++ +
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{ Un | Un 5 | United Fruit {Un Gas Imp . {Un Gas Imp pf Freigh
90 441 hs 117% 14 333 97
DO rw
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1134 114 32, 9%
Yellow Tr 3 | Young Sheet ... Young Stl Dr ..
| Goacaaaacs
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fire anti-aircraft guns for the navy. In one of its numerous buildings 160-pound steel forgings move up and down long lines of hundreds of machines, each machine new and designed for a separate operation. By the end of the last line 118 pounds of the metal have been bitten, gouged, chipped, ground or bored away, and what's left is a breecn casing, polished and machined to almost unbelieved precision. Larger anti-aircraft guns, of a different type, are being assembled in another plant which a few weeks ago was making motor trucks. These guns, before mounting, resemble giant blunderbusses, some with one barrel, others with two. The muzzles flare out in bell shape, to hide the guns’ flash from enemy observers. Shells, fed in from clips resembling those on Springfield rifles, have a range of several miles. These guns, European in origin, until recently were made entirely by hand—a painfully slow process, requiring workers of highest skill]. Now automobile methods have been applied, parts being manufactured rapidly in several former auto plants and assembled without laborious hand fitting. Yes, the automobile industry is producing for war—and soon will be producing so much more that its appeal to the government now is: “Speed up the building of ships, so that we can get our planes and tanks and guns into the hands of our fighting men on all the far-
STOCKS SLUMP ON NEWS FROM BATAAN
NEW YORK, April 9 (U. P.).~ The stock market fell 3 points toe day with new lows in U. S. Steel and Bethlehem Steel. Volume picked up slightly from the recent pace. Overthrow of American-Filipino defenses at Bataan caused withe drawal of buying orders, and only small amounts of selling were sufficient to send prices down easily in most sections.
Losses in the steels were fractione al, but these shares had been eas~ ing recently and were near their lows at yesterday’s close. U. S. Rube ber preferred was off 3 points at 61 and Yellow Truck preferred off 6 points at 114. Losses of more than a point each were made by American Car & Foundry, DuPont and Chrysler. General Motors and Johns-Manville were off a point each.
Promoted
George J. Smith, manager of the local U. S. employment service office since August, 1937, has been appointed assistant state director in charge of field operations. A native of Brazil, Ind, Mr. Smith joined the public employment service in Indiana in 1934.
DAILY PRICE INDEX
NEW YORK, April 9 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ......c.cui00ci0ee 157.54 Week ABO .vecevessanassvsss 15744 MOND AZO .covvecncecsssess 15579 YeAr ARO ....c..covineveneis 12044 1933 High (April 8).......... 157.54 1942 Low (Jan. 2) ........... 151.54
LOCAL PRODUCE
ringers, under 4% Ibs, Barred and a ock. 17¢; colored. 5c; Leghorns, | pl
envy breed colored hens, full feathered, 100) Leghorn hens, 1l4c. Rousfers. 4% Ibs. and over; Barred and White Rock, i9¢; colored, 18¢. All No. 2 grades, 3 He léss. Cocks, 10¢. Ran urrent receipts, 54 ibs. and up,
3 Graded A
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities
Dealers. Stocks Bid Ask
gents Finance Co Inc com. 7 9 gents Finance Co Inc pid. . see Bot RR Stk Yds com ..... 3 Belt RR he aa pid ..... 54 Bobbs-Merril Bobba- Merrill Ri ‘pid. . Circle Theate m Comwlth Loan 5% Hook Drug *Co_ com. Home T&T Ft Wayne 1% ‘pid 5 Ind Assoc Tel 5% aX “etes i Ss 5 Mich _ 1108 n
0 Gas nd" Hydro Fo 7% Ind Gen Serv 8% Pfd eee. lag Indpls PSL 5Y4% pid .. m
Union Title CO COM ........ Van Camp Milk pfd.....ees. Van Camp Milk com.. Bonds Algers Wins'w W RR 4%s.... ;|American Loan 5 3 . 97 American Loan . 98 Cent Newspaper Sa "42-51... utter = 1, 39% @40c; No. 2, 38@|Ch of Com Bldg Co 4%s 51.. 38hhe, butterfat, No. 1, 34c; No. 2, 3lc. CRisans Ind = ls él... 103 100umt®y pickup prices quoted by the|Consol Fin 5s Wadley Co. Erabb-pevilolds-Tayior | 58 42.
T Ft ne 5%s 55 U. S. STATEMENT 3
Home T&T Ft W eo 6s 43.. Ind Assoc Tel Co 35s 9... Ss WASHINGTON, April 9 (U. P. ernment expenses and receipts
Indpls P&L #8 10:........108 Indpls Railway Co 5s 67 current fiscal year through April 7, pared with a year ago:
Indpls Water Co 3's 68 This Year Last Year
Expenses $21,086,898,453.30 $9,125,855,558.05 ar Spend 16. 918. a14 332.48 4,046,075,175.81 ts
secseas
Eggs — Grads no, Stade.
).—Govfor the com-
N Ind Pub Serv 3%s 69 Ind Tel 4128 5s
55. Richmond Water Works 5s 57..105 Trac Term Corp 5s 67 U S Machine oo 5s 51
Pub. *Exdividena.
Gold Res.
22,673,962,055.84 22.408, 612,747.47
American National Bank
at Indianapolis Statement of Condition April 4, 1942
RESOURCES
Cash on hand and oh deposit with Federa Reserve Bank and other banks United States government securities.......... 19, 930,698 i) Other bongs and BRN ie ili rset o 85.508 = ederal Reserve sesehbsbbE REY Dm : 11,559,744 25 884,510 32
"a0, 336,751 43
esses sss0sen
Loans and discounts Bank buildings and equipment . yg anility ot acceptances letters of cre Accrued interest receivable and other resources 149.93 149,031 30
"$64,928,280 85
LIABILITIES Preferred StOCK ....iocceccscacsscssscssssnsee Common stock
Dn bvided profits iis Reserve for dividend payabie in Reserve for retirement of preferred stock Reserve for taxes, interest, contingencies, etc Acceptances and letters of credit outstanding Interest collected but not earned
Deposits
“ees 00000cenessscecaBOOO0b
$ARG38=23388
“esses ssssen
Member Federal Deposit Insurance Corporation
Fletcher Trust Company
Statement of Condition April 4, 1942
BANKING DEPARTMENT
Resources
Cash on hand and i Federal Reserve and other banks United States Securi sessesssasesses
Munici He ARiiics IEEE EE ERE A AAA RNY Other Securtt ties gat 2,468,159 39
,000 00 8504815 51 51 502,532 9 26,235 84
and Discounts sse000000RR0 Bank Bulldings (8) and Equipment ...cce000ee Other Real Estate Serr sashossteccsRRRRBRRRONS Resources «tooo 000000800000000000 00000
$51,913,608 50
Liabilities
Capita) 5 Stock $1, 300.000 00 Preferred Capital Debentures. . .. 57 0.000 00
Rupiue and Profits Accrued Interest and TAXCS..c00ee00000000ee Deposi
$3,514,402 % 630,557 36 155,406 37 47613242 2
$51,913,608 80
cessey
.
TRUST DEPARTMENT
Trust Funds Hivesed .....$23,490
Trust Funds Unin Lees. 687,761 Customers’ ets ss eun 2m 236.000 06
Tatate Troe
these. 00
The Indiana National Bank
of Indianapolis Statement of Condition April 4, 1942
RESOURCES
Cash on hand and on deposit with Federal Reserve
er banks 4,579 96 v's government securities .. 0355, 161 42 $143, 469,741 38
Other bonds and securities . 0 17484175 25 Federal] Reserve Bank......... 0,000 00 nm a 23028980 45
Loans and di wy eg” Bere) 1,086,000 00 Other real estate owned vsessessees 5 00 Interest earned but not collected....ceo0es. J 3
resources $187,813,379 96
sesseecenee
Sees esses seers ecssnenentoee
LIABILITIES
Capital ......co0000000000ee....$4,000,000 00
us LE ,000,000 00 Undivided ‘profits rrsnesrveae. 2100148 87 Reserve for contingencies Interest, taxes and other expenses accrued gad npald’
Interest collected but not earned......e.... Other liabilities
21018 83 0 00 cesdisevees 7 08 173.614.904 58
51,470 76 10,738 1
$187,813,379 96
“40000000000 000 00000000000
Member Federal L'eposit Insurance Corporation
The Merchants National Bank
of Indianapolis Statement of Condition April 4, 1942
RESOURCES
Cash on hand and on deposit with Federal Reserve Bank and other banks ve... $25,730,330 40 United States government securities.....e.... 11,720,579 28 Other bonds and securities. 3,830,911 53 Loans and discounts ........cceoescececrses.. 13,439,473 61
tssececessonetsene
Bank building $000000000060000000000000000000 900,000 00
$55,630,294 82
LIABILITIES
T0000 000000000000 0000 RR0RPRRRRRRORR, $1,250,000 00 1,250,000 00 1,426,953 35 314,897 92 51,388,443 58
Capital Surplus 1880008990 00000000000000000000000000¢ Undivided profits LieseesssiisennsstecsstenEs Reserved for taxes, interest, etC.......ccouee... Deposits “es 0080s 00scsc0s0s00cnn0R0000000 000
® $55,630,294 83
Member Federal Deposit Insurance Corporation