Indianapolis Times, Indianapolis, Marion County, 18 December 1942 — Page 35
Predictions of Electric Power Shortages Fail to Come True
By ROGER BUDKOW-
THE CRY OF “SHORTAGE” IS HEARD, everywhere i much publicity is given to sugar and gasoline and so on. t have you heard about a shortage of electric power late-
1 ~ No, and authorities say you probably won’t hear much
put it. When you go along doing a good job you seldom make ge One in the newspapers. Besides, the utilities have been ging it on the chin from various government agencies so g they are afraid to do any bragging themselves Jest. it
£5 EEE DaoXY RULES OF SEC TIGHTENED
‘trade association of the electric industry, reports that this country Minority Stockholders Get Greater Control in
a a greater reserve now of power Management.
producing facilities than it did a year ago; it has 600,000 new customers and a coal stockpile big enough to carry it through the winter. Power plants have been interSonneered 10 SUh| PHILADELPHIA, Dec. 18 (U. P.). generator at Ter- —Overriding protests from members of congress and the securities industry, the securities and exchange commission today adopted a number of revisions to, its proxy rules designed to give minority stockholders greater control in the management of corporations, Major point of the revisions, applicable to all solicitations after Jan. 15, 1943, requires more extensive information regarding compensation and dealings of corporate officers
; re Haute is able to make ap part of a temporary including a brief statement of the principal occupations of all direc-
" power shortage at an aluminum plant in Tennessee. Power needs Indianapolis have jumped enormously byt the local power and company so far has been a
. light a of jumps ahead of the de-
mand. : “The sins of the utilities were not so much in their operation day by as in their razzle-dazzle fiancwhich impoverished many inwyestors. The SEC is still shouting
and cracking down on that score.
t as to the actual production of the power companies, nothing is ‘heard.
# LIVING COSTS in Indianapolis dia not change in November, according to the National Industrial ~ Conference board. This was the only city out of 70 surveyed where the “status quo” prevailed. Z For the U. S. as a whole, living ' costs rose 0.6% in November. An_derson had an 08% increase, Ye Evansville an 0.9% increase. of 8 =» AUTO MECHANICS are getting | .scarcer, according to a report of the ‘National Automobile Dealers assoctation. Fifteen auto dealers in Inwere surveyed. . "At the beginning of this year they : re 192 mechanics. Since then ' they have hired 78 more but lost ; 167, leaving them with 103 men or 46% loss, about the national av- | erage. Of the 167 mechanics who ; 43 went into the draft, 73 to i war industries and 51 for other ‘reasons. £
Se
5
le la way
. ® 8 = . DDS AND ENDS: New stirrup imps, to put out incendiary bombs, being made of wood instead of ; fe be use plastic hose which throws water farther than previous models . + . Some bars and restaurants, Pecause of the metal shortage, have ‘draught beer piped via pipelines made of transparent plastic . . . . “Rising price of peanuts is hurting / eandy manufacturers, some of whom * quit making such confections . Heinz is planning to push honey - production, to offset sugar shortage «is +» « Our North African invasion preparation: included a million
tors and a review of the business experience of new candidates for directorships. In its statement the commission summed up the five principal revisions as follows:
More Pay Information 1. More extensive information must be given on the compensation and dealings of corporate managers, as well as a brief statement of the principal occupation of all directors and a resume of business experience of new candidates. 2. Regylar annual reports to stockholders must accompany or precede proxy statements. 3. Stockholders making proposals for action which are opposed by management must be given not more than 100 words in the proxy in which to state their position provided the security holder gives the management reasonable notice of his intention. 4, The exemption heretofore granted corporations making proxy solicitations without use of the mails or interstate commerce is abolished. Exempt Some Ads 5. An exemption is provided from the rules for certain types of solicitation through newspaper advertisements. The SEC also announced a gen-
and reporting requirements under the various acts which it adminis-
The commission said the new general form for commercial and in-
ing of the prospectus as a principal part of the registration statement,
between the prospectus and registration statement proper. One of the results of the stream-
eral simplification of registration] vilian workers.
dustrial companies permits the fil-| mental employees are needed, while
thus eliminating much duplication| ment work.
“yards of turban cloth for the j Ratives.
U. S. STATEMENT
A IN: Dec. 18 (U. P.).—Gova enses and receipts for the fiscal year through Dec. 16, com‘with a year ago: “ ‘This Year. Last Year. ses $31,925,234, 203: 2 a. 3e, 37 AT. 9 DC A, 403,074,390. 1,758,355. 476,066,
lining of the new forms, the SEC said, 1s to eliminate 23 out of the
total of 13 exhibits required to be
panies.
gn PRICES RISE # SHARPLY AT GHIGAGO
CHICAGO, Dec. 18 (U.P.).—Grain
9.33
$4,381,000 esau sensrr een viesns $17,308,000
i AILY PRICE INDEX YORK, Dec. 18 (U, P).— y & Bradstreet’s daily weighted index of 30 basic commodi- * compiled for United Press 33 average equals 100): BY teeiveivservanesesss 16454 Ago 0 0s00000 000000000 .163 37 nth Ago 8000s 00 0000000000 .160. 16 BBO ..rsincionesiienees 140.37 High (Dec. 1m 20000000 .164.74 ‘Low (Jan. 2)
EKUNKLE JOB WIDENED fw YORE, Doo 18 (U. P)— Kunkle, vice president in of the manufacturing staff
Trade today led by rye and wheat.
son impelled prices upward. In early dealings wheat was up
% to %, odts up % and rye up 2%. Soybeans: were unchanged to off %. In the December options wheat
the previous $1.333%-%, corn 1% from yesterday's 88, oats 12 on a quoted 52%b from the previous 517%, and rye 2% from Thursday’s 703. Soy-
sees
167%. The placing of callings below parity on farm products and failure to correct the situation at the request of the congressional farm bloc brought about severe criticism of the OPA, traders pointed out, and today’s market quickly reacted in anticipation of higher flour ceilings.
em fk
—This Is Your Year To Make It a
DIAMOND
CHRISTMANS!!
“==Just drop in tonight or tomorrow and look over our grand collection . « . you've never seen such beauties!
OPEN TONIGHT and | Ey Night Til Christmas!
No yory 8 Credit Terms in America!
the additional duties of D ne over the Cadillac, bile, Pontiac, Canadian and divisions. -
* 1 i
"JEWELER
'W. WASHINGTON ST, seo
8 4 g + r 2
From Corne Lincoln Hotel Bldg.
Alabama total of 42 items and six out of the| Arizona Arkansas ..., California ...
filed by registered holding coms | Colorado .....
Connecticut .
M Maryland .. futures rose sharply on the Board of Massachusetts
Minnesota ... Traders said the resignation of | Mississippi ...
Price Administration Leon Hender-| Montana . Nebraska .....
1% to 1% cents a bushel, corn up y
0 advanced 1% cents a bushel from|$
beans were off 1% from the. previous Dian. ‘| Virginia
tion by U. S. Rubber Co. twin assembly lines.
A new type of auxiliary gasoline tank to give greater range to American bombers is in mass producHere women workers in a New England plant turn out the new production on
By E. A.
WASHINGTON,
increased by 1,413,000 persons, reaching a total of 5,416,000 in July.
The federal increase was 1,522,000 civilian employees, not counting Jerson in military service, bringing the federal payroll total to 2,289,400 last July. It has increased several hundred thousand since then: 3 State and local public employment, in the same period, decreased by 109,000 persons, and that total was 2,996,200 in July. The District of Columbia had the greatest number of federal employees — 283,000 — but New York state and Pennsylvania were not far behind. New York had well over half a million governmental employees, federal, state and local; Pennsylvania and California, over a third of a million each; Illinois,
Texas, Ohio and Massachusetts, over| 2°rden
a fifth of a million each. These figures are from a study just published by the labor department’s bureau of labor statistics. They do not include governmental employment outside the continental United States. The federal government was the main public employer in six states, the bureau explains, because— In Maryland, Virginia, South Carolina and Washington state there are large war and navy establishments, requiring many ci-
‘In Texas, there are not only
In Nevada, with a small population, few state and local govern-
the interior department is doing extensive conservation and develop-
The following table shows estimated public employment by states as of last July:
Federal
31,600 10,300,
16, 154,900 18
State and Loca
chigan .... Missouri ....
Nevada New Hampshire ew Jersey... ew Mexico.. New York ...
8 , Pénnsylvanisa.. ,600 Rhode Island. 16, 900 South Carolina 48,200 South Dakota.. 5,800 Tennessee ,200 0 13,500
3,500
Government Employment Exceeds 5 Million Persons
Times Special Writer Dec. 18.—In six states public employees on the federal government’s payroll now outnumber employees of the state, county, city and other local governments, ' From January, 1939, to July, 1942, governmental employment—federal, state and local, in the 48 states and the District of Columbia—
many war establishments, but vast L ters through a comprehensive re-| distances require a large number of vision of its forms and regulations.| Postal employees.
00| Woolworth ...
00 | Wyoming
0 113,500 55,400 168,900
EVANS
N. Y. Stocks
Net High Low Last Change 9-32 9-32 9-33 143 1413, 143 27% 28% 4% 74% 174% 174% 6% 6% 10% 10% 125%, 126% 43% 43% 3% 3% 253% 256% 2% 2% 41 47 19
3% 34
Allegh Corp .. Allied Chem ... Allis-Chal .....
+ 3 + % Am Can pf ...174% Am Rad & 8 8 6% Am Roll Mill . 10% Am T & T ....126%
Am Water W .. 3% Anaconda Armour Il . Atchison Atl Refining .
Balt & Ohio ... Bendix Avan ... Beth Steel .
tid!
Borg-Warner .. Bdgpt Brass ... Chrysler ....es Comw & So ... Cons Edison .
a
+!
PHL
Goodrich Goodyear . Hecker Prod .. 8% Hudson Motor. 4% Indpls Pw&Lt. 11% . Int Harvester.. 59% Int Nickel 30% Int T&T 1 vee 3% 29
1+1
Johns-Man Kennecott ....
Nash-Kely Nat Biscuit ... Nat Cash Reg..
Ohio Oil Packard Pan Am . Ya Paraffine ry «+2101 Satine Mines .. 23%
n RR Philips et see Procter & G 4
Rem "ee Bemublie ea LL. 143, Sears Roebuck. 63% Servel Inc .... 9%
PHRF II A FLEE HEE EL
Warner Bros .. West Union ... West Air Bke . Westing El ... White Mot ..
Yellow Tr . Young sheet " . 30% Zenith Rad ....
Complete New York stock quotations are carried daily in the final edition of The Times.
63,100 49, 800
Washington ,.. 36,900
West Virginia, . Wisconsin ..
112,900 9
s| property of the various associated .1 companies in connection with long
2 in 10 years after critical materials
38 | Dealers.
4| *Comwlth Loan 3% pid. a om 2% Home T&T Ft Wayne 7% pid. 51 95
60 2 | Crabb-Reynolds-Taylor 4s .
A T.& TS RATE CASE DELAYED
Company Has Until Jan. 20/1 To Gather Evidence For Fight.
WASHINGTON, Dec. 18 (U. P.). —The American Telephone & Tele-| Gi graph Co. has won a delay until Jan, 20 in its fight not to reduce long distance telephone rates. The federal communications commission has ordered the A. T. & T. to show cause why the rates should not be lowered. Yesterday, after two
the sessions to permit the company to prepare more complete evidence. The company, however, had asked a postponement until at least April. A company spokesman said that months—not weeks—would be necessary to complete the data, mainly because the FCC has not yet ruled on the separation of expense and
distance calls. Charles P. Cooper, vice president in charge of finance, said A. T. & T. would need to spend between $1,000,000,000 and $1,500,000,000 with-
again become available. He contended that the A, T. & T. credit would be impared should a long distance rate reduction result in decreased earnings for investors.
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities Bid Asked
Agents Fin Corp co Agents Fin Cor pid. Belt RR Stk Y Belt RR Stk vas 6% bid Bobbe-Merriil co an sesnes s-Merrill 4 % td. Circle Theater com. oe
Hook Drug Co
Ind Asso Tel 5% pfd Ind & Mich 1% pf
Ind Pub Serv or ne. Progress Laundry com Pub Serv ol Ind 5% ptd . Pub Serv com So In
Van Camp Milk pd... Van Camp Milk com. Bonds Algers Wins'w W RR 4%%.. American Loan 5s 51 American Loan
Wayne 6s 43...
way Co 5s. 67 Indpls Water Co 3's 68 Kokomo Water Works 5s 58... Kuhner Packing Co 4%s 49... Morris 5&10 Stores 5s 50 .... Muncie Water Works 5s 66...
1
5 Richmond Water oh 5s 57...10 Trac Term Corp 5s 57 *Ex-dividend.
WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.36 per bushel for No. 2 red wheat (other grades on their merits), No. 2 white oats, 46¢c, and No. 2 red oats,
15.700 73.000 1200 7.500
WASHINGTON, Dec. 18 (U. P.).—When Leon Henderson steps out
of the office of price administration,
coffee. His thankless job of denying tires and gasoline to motorists made him enemies. “Don’t blame me, blame Henderson,” has become a common reply of butchers and ‘grocers to complaining customers. Despite the criticism of the steps he took to control prices and ration scarce commodities to a nation that had been used to plenty, Henderson never compromised. It was not in nis nature to step softly when he thought drastic action was needed. That probably cost him his job. Congressmen said he committed “rationing blunders,” called- him an “animal” and unprintable names, but Henderson took it as part of an unpleasant job, and pointed with pride to stable rents and reasonable price levels which even his severest critics conceded him. He long predicted that he would be the most unpopular person. in the United States—and he probably was. Henderson has always made “good copy” for newspapers. In the early days of the New Deal, when he was director of consumer credit research for the Russell Sage
* koko!
the capital will lose one of its most
colorful, dynamic and unorthodox personalities. He has been a New Deal stalwart since 1934; a whipping boy for a congress that was constantly peeved at him; and his name was synonymous to millions of housewives with shortages of sugar, meat and
word battles with the late Gen. Hugh Johnson, then NRA director. The battle ended when Johnson said: “All right then, if you know so damn much about it I'll give you a job as my assistant if you'll come down here.” . Henderson came, and has been in the New Deal ever since. He was in the NRA and on the national industrial recovery board in 1934-35;
mittee on manufacturing in 1935; economist for the Democratic national campaign committee in 1936; consultant economist for the works progress administration, 1936-38; executive secretary of the temporary national economic committee, 1938-39; and member of the securities . and exchange commission, 1939-41. He was also a commissioner on the advisory committee of the council of national defense, and then became head of the office of price administration and civilian supply which preceded the present OPA. That was late in 1941. Henderson keeps one of the most vigorous working .schedules in
foundation, he came ie Subingien
his desk by 6:30
economic adviser to the senate com
Washington, frequently getting tos; m.,, 4 working a
46c; No. 3 yellow corn, 80c per bushel,
ediu days of hearings, the FCC adjourned | 5
{ve
10,600 Porkers Arrive
At Stockyards.
‘ Hog prices advanced 15 cents at the Indianapolis stockyards today, the agricultural marketing administration reported. The top was $1445 for good to choice 160 to 200-pounders. Receipts included 10,600 hogs, 625 cattle, 425 calves and 2250 sheep.
HOGS (10,600)
“teatecsnne sesegeesesne
14.
[email protected] Packing Sows Good to Choice— 270- 300 pound 300- 330 pound 330- 360 pound 360- 400 pound Good— , 400- 450 pounds ... 450- 500 pounds Medium— 250- 550 pounds Slaughter Pigs
[email protected] . [email protected]
tesssseseeses [email protected] [email protected]
[email protected] Medium to Good— 90- 120 pounds CATTLE (625) Slaughter Cattle & Calves
: RRgle 900 pou . 1100-1300 pound [email protected] 1300-1500 pound 15.00@18. 5. 5. 5. 5
.00 25 ove 25 “eo 0ssnsntene 25 13.75 00 13.75 0 . 14,00 14.00
eset tsnrtane @l @15.00 15.00 15.00
Medium— 700-1100 pounds cegpseseanse 1100- Gl pounds ....
Com 700-1100 ) pounds
12:[email protected] esvennee 13000 :
Choice— unds
-600- 800 poun . 14.00 0g. Lun pounds °
+..14.00
15.00 eo 15.00
14.00 14.00
13.00
0- "800 ounds an a0 » 13.00
800-1000 pounds . . Medinm 500- 900 pounds Common~500- 900 pounds Cows (all weights)
sess Bsesntene
[email protected] [email protected]
Bulls (all weights) (Yearlings Excluded)
Be iaveasussrenenes 115001380
Goud . Sausag Good al weights) . Medium
essere. [email protected] seenee ue 15
CALVES (425) Vealers (all weights)
Good and choice i 115.00 Ba Common and medium. Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves Steers
15.50
Cholice— 500- 800
pounds esessssanttns [email protected]% 800-1050 pounds ..
vesessesss [email protected]
12.50
escsnsteinee 11.50 12.25
500. 800 pou. ds - n sessssssssne 11.25
55a 1020 pounds .
Noo. 1000 pounds Common— 500- 900 pounds , Calves (steers)
Good and Choice— . ny pounds down .........es [email protected]
esse
Um 500 pounds down Calves (heifers)
Good and Choice— 500 pounds dOWD ..ci.ovsene [email protected]
Moun ds down " [email protected] SHEEP AND LAMBS (2250)
Ewes (shorn)
Good and choice Cdmmon and choice ....ce0000 :. 80 700
Lambs
Good and choice .....esseess [email protected] Medium and good 14, 15.0 Common
00 0 [email protected] Yeariinz Wethers
Good and choice Merium
OTHER LIVESTOCK
Dec. (U. P.).—Hogs— 20 cents higher; 160-200 $14.30: 200-240 1bs., $14.20; 240-300 . - $14.15; 300-400 lbs. $14.10; 150-160 $14; Ti0.150 1bs., $13. 5; 130-140 1bs., sige, SOT i, S10 15 male 8, stags, $9.50 Soughe,. 312 Calves, 41 $15.50; ‘lambs, $15 CHICAGO LIVESTOCK A Hogs--13 000; steady al 10 cents Jigner; closin cents g choice. 200-230 1bs., $14. 180149 5; top, $14.30; good and choice 150-180 1bs., [email protected]; sows stron g and choice $80 Ibs. down, $14 14. 10; lightweight: sows to $14.30; 450-550-1b. weights, [email protected]. Cattle—1500. Calves—500; steady cleanup trade; bulk, medium good steers and earlings, $12.50@15; around 1250 Ibs, 15.25; the best of steers held upward to $15. 8; heifers searss, mostly [email protected]; a [email protected]; canners and 2 thors, ull largely $12.85 downward; top Yealers Sheep—3000. Late ade Pat lambs closed | Steady to strong; several loads of §00d an oice fed westerns to shippers, 15.35; Sik [email protected] to all interests; clearance incompleie as y Dig bi of run i35e late; medium . crades, 14.25@15; load of por? i c ice. Jypines ; ewes ven)
shorns, $15; } (Stead o 25 cents lower; rade, 3 5@8. 25; 1 a load of 68-lb, feedin ng lambs, $13.50. is Trade—All classes , nearly good to choice lambs, good to choice yearlings, $13.90@ 14. 25; medium to good ewes, @8; common down to $6.50.
Calaveras Land & Timber Corp. year ended Sept. 30 net profit $18,-
12 1308130 5
FT. WA Receipts,
HOG PRICES UP 15 GENTS HERE
Top Advances to $14.45 as
ae 13081320 x . [email protected]
sees [email protected])-
The only “tire sculptress” in the world, Miss Chloe DeLong, works from blueprints and specifications given her by engineers and dee velopment men at Firestone Tire & Rubber Co, and creates, in clay,
a complete model of a tire.
un Drive for Hoarded Pennies
And Nickels Getting Results
WASHINGTON, Dec. .18 (U. P.).—Pennies and nickels are pouring out of hiding by the thousand and by the pound as the treasury Presses its coin circulation campaign to save metal.
Reports compiled at the mint
today disclosed that piggy banks,
whisky jugs and even an antique charcoal-burning flatiron have dise Ee their coin hoards since the campaign began a month ago. --
2 Wes REDISTRIBUTES MACHINE TOOL WORK
WASHINGTON, Dec. 18 (U. PJ. —The war production board has B® initiated redistribution of orders now held by machine tool makers to speed up delivery of machine tools vital to the nation’s munitions industry which now is operating at a monthly rate of about $3,500,000,000. Without adequate machine tools, the WPB said, bombers with their 45,000 parts, tanks with 40,000 parts, and most other war equipment could not be turned out in any quantity. A recent survey of the machine tool industry, now doing an annual business of around $1,500,000,000, disclosed an uneven distribution of unfilled orders with some companies having relatively few while other companies had more than they could possibly fill in a long period. The total industry backlog of machine tool orders now is estimated 00/ at, $1,000,000,000 with orders in excess of cancellations running at about $100,000,0000 monthly. The WPB pointed out that monthly new orders in excess of s| cancellations are about equal to the total annual post-war business of the machine tool producers. While the munitions industry is one of the leading users of machine tools, the WPB has given first claim on more than $800,000,000 worth of machine tools to, the aircraft in5: | dustry.
ANDERSON WORKERS RECEIVE BACK PAY
ANDERSON, Ind., Dec. 18 (U.P.). —Delco-Remy and Guide Lamp plants of General Motors Corp. today began distributing checks totaling nearly $1,000,000 for wages retroactive to April 29. Checks issued to hourly workers were paid under a war labor board directive.
LOCAL PRODUCE
vy breed Dens, full-featherd, 20c; Leghorn hens, 17c. pringers 1% lbs. and over: colored, Sie barred and white rock, 22c; ile. Roasters, 4 Ibs. and over; colored, 21c; white rocks, 23¢: barred Jocks, 3 All No. 2 poultry, 3 cen Eggs—Current receipts be aoa and up,
Graded Eggs—Grade A large, 39¢; grade A, Beditn, 37¢c; grade A, alle se; ro
grade, 2 C. Butter—No. ase Na. 3 460 46%c; pattertat’ No. 1, 43c.
$7.50 | 30c.
and No. 3 white corn. 98c.
Two more widely-varying personalities than retiring price chief Leon Henderson and the man expected to succeed him, Prentiss M. Brown, could hardly .have been selected for the same ° Henderson is a two-fisted slugger; Brown a diplomat. The accompanying dispatches compare these two men, one leaving and the other likely taking over one of the major war-time jobs that affects the daily life of every- American.
far into the night. This undoubtedly has contributed to the ill health he gave as-his reason for retiring. He suffers from a back complaint; his spinal column bends under the strain of more than 200 pounds carried on a 5 feet 7 inch frame.
His resignation recalled a recent|ear wrathful statement by Rep. Charles] pa Plumley (D. Vt.), on the ways and|
747 vs. net loss $18,409 year ago.
(Prices ‘on produce Mien “at is apolis quoted by Wadley Co.
Henderson Colorhul and Theatrical; Brown, Is a Conservative
WASHINGTON, Dec. 18 (U. P.
) —Senator Prentiss M. Brown (D.
Mich.), who guided through congress the price control laws that Leon Henderson enforced and then was defeated by a Michigan Republican for re-election, is as quiet as Henderson is theatrical.
In contrast to Henderson's often-rumpled two-tone dress,
cigar and multiple chins, Brown's and though his face is full he is not fat. He does not smoke. ‘Brown's defeat ended a 10-year congressional career during which he fought the powerful farm bloc on price control measures, Despite this battle, and his record as an administration supporter who was flot afraid to speak his own mind and follow his own dictates, Brown, if he succeeds Henderson, will take alg place alongside economic stabilizer James PF. Byrnes as an administrative official that congressmen can understand.
Brown, president of the First Na- |
tional bank in his home town—St.
1 giant clothes are uniformly etonservative
offers from private Washington law firms with salaries far in excess of $25,000 “I won't sell my influence,” he told friends. :
re
quiet, Brown is not a drab has a small town friendli-
Bee 1h 1500, he was an honor student Jounal stat oa; A). Fle na Joon was graduated in 1911. He attended the Uni-
St. Ignace
means of disposing of Henderson: “There are two ways to stop this
Bess, and 3h aus SunHer: Born in|}
Meanwhile the treasury is ready to begin coining pennies and a new 3-cent piece out of zinc-coated steel as soon as the president signs the new coinage bill passed by cone gress Wednesday. The steel base will be used because of the acute shortage of copper. The champion coin collector ree vealed since the “bring-out-the-coin campaign” started is Assistant Proe fessor of Finance J. Ellwood Amos of the University of Pittsburgh. En« listing his economic students, Amos has brought back into circulation to datg more than 1,000,000 pennjes, weighing three quarters of a ton. His freshman class counted -500,000 of them without losing one. ’ The College of New York, -co= operating with the civilian defense council, brought in 10,000 pennies in two days of two weeks. The Chicago Daily News cone ducted a campaign that brought out 500,000 coins, mostly pennjles and nickels, in one day as well ‘as the most unusual “bank” in which coins have been hoarded. The paper awarded a $256 war bond to the owner of a 200-year-old on burning flatiron that was made‘in Poland and which the drive dis~ closed to have cached $15 in pennies and nickels. Cleveland was particularly sti cessful in getting coins back te work. A campaign being conducted there by the Federal Reserve bank led a'man to bring in 60 glass banks containing more than 10,000 nickels weighing 88 pounds and aggregating $530. The man is a war plant employee already buying war bonds with 20 per cent of his pay. - A Cleveland couple brought in;31 piggy banks and bought war bords and stamps with their contents. Still another. couple released ir hoard of $54 in pennies and * in nickels. An Awatonna, Minn., bank ram a newspaper advertisement in thas city of less than 9,000 and brought out 32,713 pennies and 5,316 nickéls in a week. One man released 14,700 pennies he had saved: during {15 years, ‘while ‘another let go 2.9 pennies, his collection of three years, ;
TREASURY ASKS BIDS WASHINGTON, Dec. 18 (U. &. —The Treasury department today asked bids on $600,000,000 of 91-dhy treasury bills to be dated Dec. 23 and mature March 24, 1942, - ders made on a discount basis will be received at the Federal Resetve banks and their branches youl #
“3
I’'M COINING ‘THE “CABBAGE”
“Cabbage” to our freakish bigs
tagsesasratsintbasatiigiratnsvenay