Indianapolis Times, Indianapolis, Marion County, 9 April 1943 — Page 31
NESS
¥
Banks Not Breaking Even on OPA Point Account Services
Xr I “ROGER
. BANKERS HERE ARE LOSING MONEY in their
BUDROW
neiest: job, that of keeping the city’s point ration system straight by maintaining deposit accounts (in points) for
the stores. These operate just. like checking accounts ex-
cept that points are substituted for money.
. The bank must pay for
books, checks, deposits’ slips, etc. So far their reimburse‘ment hasn’t covered these costs.
the necessary bookkeepers,
But you won’t hear loud
squawks from the bankers about this.
Yeg, they hope ‘the OPA may see|~ their problem and help them to break even. ' But the “outstanding impressions that’ ‘here was a chance for the bankers to do a patriotic war|’ service and they are doing it willingly and gladly.| After all; don’t want the! public (or Washington) to think
that they can’t
‘help to win the war also. At first the OPA ’ said any store Mr. Budrow ¥ (which dealt in rationed goods): ~could open an account at the bank if it wanted to. Too many saw a chance there fo dump -a lot of bookkeeping in the lap of the banks and did.so. Now ‘the OPA has changed the rules so that no store with a volume of less ‘than $2500 a month can have a ration accousit. That ought, to help some. J One bark already has 250 million points iy its accounts. Now if is worrying what it is going to do ‘y*when that total hits one billion, as " seems very likely. The bank simply doesn’t have machines which register such astronomical figures. They must be done by hand and that takes time. Banks are hiring full-time employees, three and four or more of them, to handle points alone. That costs’ Jnore than was expected at first.” One bank takes in just enough money to pay its clerk that handles points and must foot, the bill’ for supplies and overhead itself.”
But, as one banker summed it up, “It’s so good to being doing some- ~ thing for the war like ration bank- . ing and selling war bonds without profit, that we don’t mind losing ~ money to get out of the doghouse.” 4 ”» ” ” 3 RETAIL SALES figures for the last week are somewhat misleading. Indianapolis department stores
"showed a 3 per cent decrease in |.
comparison with the same week last year. But Easter buying was at its peak at that time last year. Easter was on the 5th last year; it’s the bg5tn this year. However, for the period roughly comprising March, Indianapolis department stores had a 3 per cent increpse over the 1942 period, the only major city in the Seventh fed-
they
HELICOPTERS TO SERVE AS TAXIS
Northeast Aris Plans Service in Application Filed With CAB.
BOSTON, April 9 (U. P). — A fleet of helicopters to carry passengers, mail and express to and from the. rooftops of buildings and railroad stations is being planned by Northeast Airlines, Inc., it was Hiss closed here today. 'S. J. Solomon, président of the airline, discolsed that the company already has filed an application with the civil aeronautics board seking permission to establish a helicopter service to carry airmail and air express to and frorn more than 400 postoffices and railroad stations in the six New. England states and New York. ‘ As that service progresses, Solo= mon said, the company plans to request authority from the federal agency to carrry passengers by helicopter to and from downtown districts, airports and suburbs, providing the first aerial taxi service in history. The plan is the first to utilize the flight advantages of the hLelicopter, which “can land, take off or hover over rooftops or areas no greater than the average 9x12 foot living room rug,” the company pointed out. Important After War The application . filed with the CAB said that the helicopter mail and express service would augment the regular airmail operations of|% the airlines. "It seeks authorization for the transportation not only of airmail but of all first class mail as well. The fastest application by Northeast ng a request by the line to fly five alternate trans-Atlantic routes to Europe on a post-war basis. . Solomon said he hoped other airlines would follow Northeast’s example and that he agreed with Igor Sikrosky, noted aeronautical designer who invented the helicopter
—which can fly straight up or down,
erglreserve: district: Ya'show a ‘gain. backwards, forwards, horizontally to
» ” bh SCHWITZER- -CUMMINS, Indianapolis war firm, paid $1,868,000 in federal taxes last year (ending: Jan. 31). .Net income was $455, 702 of $3.14 a share against $491, 837 or $3.39 last year.- The company will have a $182,000 postwar refund on excess profits taxes paid last year. : . ” ” ” : ODDS AND ENDS: Keep an eye on “incentive” or piece work proposals; National Association of Manufacturers is urging such plans; unions are generally opposed. In their suit to recover 30 million dollars in bonuses paid to company officials, stockholders of R. J. Reynolds Tobacco Co. hauled into court a steamer trunk and six suitcases full of records as evidence. +. . . Shoe quality is going down (military gets best leather), says OPA, but prices haven’t been cut in many cases so OPA is considering action.
1785 BALLOON RIDE ‘A balloon was piloted from Dover to Calais in 1785 by Jean Pierre {Blanchard and Dr. John Jeffries.
HTN RE RL Aagling DAY. NIGHT or SUNDAY
4A out of 5 MORRIS PLAN Loans Made Without Endorsers ® Borrow on Character, Auto or Furniture — from $75 10 $500 to $1,000. o Take 6 weeks to make the first payment. | * Many loans completed while you wait. ® No credit inquiries of friends or relatives * FREE PARKING across the street in Arcade Gorage for auto appraisal. Phone MA 4455—Ask for Mr.Coots
ULE
the right and left or can remain stationary in the air—that the new
craft will play.an important role in
the post-war period.
CLARIFY STATUS OF OIL FIRMS PATENTS
NEWARK, N. J. April 9 (U. P.).
judgment filed in the U. S. district court here clarified the status of catalytic refining patents owned by Standard Oil Co. (N. J.). The stipulation and supplemental judgment were filed following an agreement between the company and the government under which, 1. The company is required to grant
any person or corporation making receive a “reasonable royalty” for
will be entitled to require cross licenses under the licensee’s related patents in cases where such cross licenses might be necessary to prevent Jersey Standard from being placed at a competitive disadvantage. - Chief result of today’s court action will be $o speed production of high octarie - base stock, butylenes for synthetic rubber and raw material for TNT in 33 governmentowned ‘ catalytic cracking units now under construction and which will be operated by 16 different companies, the Standard Oil Co. said.
STEEL PRODUCTION UP - NEW YORK, April 9 (U. P). — Shattering all previous production records, the nation’s steel industry turned out a total of 7,670,187 tons of ingots during March when operations averaged a flat 100 per cent of theoretical capacity, the
reported today.
BUSINESS DIRECTORY
ik and Service
BALDWIN SALESEOOM
Indjanay Largest Distributors Fine Pianos
| S. Penn—Open Eves. MA-1431,
“WHEEL CHAIRS Why buy one? Rent one at ~ HAAG’S ALL-NIGHT DRUG STORE 22nd and Meridian
Re
—A stipulation and supplemental
application; 2. The company will A
such licenses; and 3. The company 4
2 STOCKS BREAK, THEN RECOVER
Billion Sheared From Value|
In First Hour Trade;
Grains Tumble.
NEW YORK, April 9 (U. P.),— Stocks broke more than one billion dollars in early hectic dealings today and then came back moderately. around mid-day. Trading was at the most active pace in about two and one-half years. The break, which came at the opening and which was accompanied by’ the largest turnover since Nov. 8, 1940, was attributed to President Roosevelt's ‘sweeping anti-inflation order. and fear in some trading quarters that regulation might be extended to the stock market, Grouped blocks at the opening ranged from® 10,000 shares in New York Central with virtually every trading “favorite” down $1 to $3. It was estimated that a billion dollars was sheared from market valuations during the first half hour of tradingi Later, however, a steadier undertone prevailed and many issues me back a point-or so from their lows, = - ! Rail Bonds Down
On the bond market, speculative railway bonds were under heavy pressure.. Losses on the curb market ranged to a point or more. President Roosevelt's order freezing wages and prices brought a wave of heavy selling into farm commodities but later there was a partial recovery from the extreme lows. On the Chicago Board of Trade wheat dropped more than 2 cents a bushel, oats lost 2 or more ¢ents and rye dropped more than a cent in the first flurry of selling but, like the stocks, recovered somewhat. In New York, cottton dropped $1.15 a bale but then recovered somewhat from the lows. :
POST-WAR SECURITY EXTENSION IS ASKED
WASHINGTON, April 9 (U. P). —The National Planning associa-
trial policies, today said that fears of enormous. financial losses, of mass unemployment and of atfendant unrest could lead businessmen “into the illusion of the totalitarian state.” The way must be cleared to a better post-war economy, the study said, because business will need more than a “Maginot line” of reserves to weather post-war economic storms. The survey, financed by a grant from the Carnegie Corp. of New York, was made by Marck S. Massel, economic consultant of the war production beard. The study recommended: Consideration of the extension of the general scope of the benefits of social security, public works and
war purchasing power.
to eliminate the possibilities of large post-war refunds through a group of tax provisions which have not received adequate. public consideration. Establishment of a federal loan agency with quasi-judicial powers to prevent distressed plants from being thrown into bankruptcy as long as they may be restored to useful purpose through government aid.
N. Y. Stocks
Net Lagt Change 1% — % 154Yy — 1% 345, 9% 175
High Allegh Corp ..: Allied Chem .. Allis-Chal
licenses on such refining patents to|A Rad &
15 Beth Steel .... Borden 26 Borg-Warner .. Bdgpt Brass ..
m Cons Edison .. Cons Oil 1 Corn Prod .... Curtiss-Wr A.. Dome Mines .. Douglas Airc.. East Kodak ... Auto-L .. y Gen Electric ... 36 Gen: Mills pf ...131 Goodrich Goodyear Hud Bay M&S. Jndpls Pw 1 Lt, int Nickel nt T&T Johns-Man ena Kennecott Rresge 88. Kroger G & 5 L-O-F Glass ... Link Belt ‘39% Monsanto pf A..119 Mont Ward .. Ja Nash-Kelv ....
American Iron & Steel Institute Ohio
Panhandle .... Fen & Ford .
n RR Phoenix H Sr Procter & G
Save Because We Save en’s Suits & Overcoats
$ § 6” *1 8” 2 i 5 24”
CASE CLOTHES 215 N. Senate Ave. Open9to9
_ This Week Special—
“SUIT OR Ea,, Cash PL. DRESS 49¢ & ‘Carry
61 Stores All Over Indpls.
Swift | Texas mn , Timken R Un Carr aFst , 22 . West Air he .
Yi Sheet Zenith Rad ..
Complete New York stock quotations are carried daily in the final edition: of The Times.
‘Vv’ SHOWS ON EGG MARYSVILLE, Pa.’ (U. P.).—One | 'of Walter Dundorf’s Plymouth Rock
‘hens is squarely behind the victory |
effort. i% produced ah Sig Wi) a | half-inch“
tion, in a study of current indus-|.
relief programs to maintain post= Good
Recasting of excess profits rules C
1% Mediun— Ya
» Good to choice
Common
% | Pub Serv of In s| Pub Serv of Ini s| So Ind G&E 4.8 oid
2| United Tel Ya | Union eA
PRICES ON HOGS REMAIN STEADY,
Porkers Bring Top $15.80 at Stockyards; 8392 Received.
The hog market was steady today, with * porkers bringing the same top of $15.80 as they have for the past’ two days at the Indianapolis stockyards, the food distribution administration reported. Receipts included 8392 hogs, 350 cattle, 342 calves and 205 sheep.
HOGS (8392)
120- 140 pounds 140- 160 pounds [email protected] 160- 180 pounds ....cesee.... [email protected] 180- 200 pounds . 200- 220 pounds .,ecess..s..s 15.75@ 220- 34 pousds
830- 360 pounds ..coccossesee [email protected] Medium— 160- 220 pounds : Packing Sows
Good to choice—
[email protected] [email protected] [email protected]
‘330- 360 pounds [email protected]
360- 400 pounds Good— . 400- 450 pounds . 450- 550 pounds . Medium— 250- 550 pounds Slaughter Pigs Medium and Good— - 120 pounds - CATTLE (350) : Steers Choice— 700- 900 pounds ‘....... akan 900-11 4s . 1100-1300 pounds 1300-1500 pounds Good— 700 1900 pound 900-1100 pound 1100-1300 1300-1500 pounds
Medium—
700-1100 pounds .. 1100-1300 pounds
Common— 700-1100 pounds
Choice— . 600- 800 pounds 800-1000 pounds Good— 600- 800 pounds .. 800-1100 pounds .. Medium— J 500- 900 pounds .. Common— ‘500- 900 pounds : . Cows (all weishio) [email protected]
.. [email protected] 3.35611 55
pesssssccces
sessssnssess [email protected] . 15,[email protected]
. [email protected] [email protected] [email protected] .. [email protected]
14.00 « 14.25
15.50 15.50
[email protected] «.. [email protected]
+. [email protected] . [email protected]
Bulls (all weights) (Yearlings Excluded)
ey raaniavaase ceees. [email protected] Sausage—
Good (all weights) ..... ess. [email protected] dium [email protected] [email protected]
CALVES (342)
yealers (all weights) Good to choice [email protected] Common Sh medium ..... «so. [email protected] Cull (75 lbs. up) .+ [email protected] Font and Stocker Cattle and Calves Steers Choice 500- 800 pounds ......ecc... 800-1050 pounds .. Good—500- 800 pounds 800-1050 pounds
[email protected] [email protected]
4 [email protected] [email protected]
cstesvedoces
500-1000 pounds ... Common-— 600- $00 . pounds Calves (steers)
Good and Chote 500 iy down.
2 | Mediu
500 pounds down [email protected] Calves (heifers)
Good and Choice— 500 pounds down ..
Medium-— ’ 500 pounds down 12.50214.00
SHEEP AND LAMBS (205)
Ewes (shorn) Good und ‘choice ;
8, | Common and choice
[email protected] Medium and good [email protected] [email protected] Lambs (Shorn) Good and choice Medium and good Common
LOCAL ISSUES
Nominal quotations furnished by Indi. anapolis securities dealers. Bid Asked
Agents Fin Corp com 1% Agents Fin Corp pfd ..... esos 20 Belt R Stk Yds ssseteee 42
[email protected] [email protected] [email protected]
Drug Co
Ya Home T&T Ft Way: ne 1% td. 0 — Yi! *Ind Asso Tel Sr 1 » id
Indpis.Rlwys, Inc, com . Indpls Water pf
2 | Indpls Water PClass A Jom...
Lincoln Loan Co 3 pf Lincoln ‘Nat Life
iv. 94 s “N 18d Pub Serv 1% pid “és Th02
P R Mallory com Progress a com 5% :
Stokely Hp 8 PL oh . eas
eePecase
Van Camp Milk pd Milk com
4|Van Camp
Algers Wins'w W 22 4%%.. American Loan 58 § American Loan 6s 46 «es 99 Gh of Com B St 51. Te of Com: s i Jue 1 oe $a 41 1103
Ind Asso Tel ¢ Co. Indpls P & L Ys ™
Indpls Indpls Water Ay es 68 ....106% ter Works Gs 5 86 . 104% Co 4%s 49 ... 98 58 50 .....98 rks 58 68 100% Berv 3 %s 69.......108 Veins eam
34s 20°; vesees 21208 sia svees. 106% 80
of
al 0 LIS =
Nearing production is the big bomber factory at Cleveland airport, shew above. At right are hangars from which completed Planes
will operate.
business savvy.
‘It’s the story of such men as Harry D. White, the -treasury’s director of monetary research; Leo Pasvolsky, the state department's chief postwar planner; Frank Coe, economist with the board of economic warfare, and Walter Gardner of the federal reserve board—all money technicians. It’s the story, too, of Will Clayton, no money technician, but a hard-headed Texan, who is probably the world’s largest cotton dealer, and who learned international : trading, not out of books,
7s |buit with his own cash in markets
all over the world. Jesse Jones brought him to Washington as assistant secretary of commerce. . Others were in on various phases of the planning, among them Assistant Secretary of State Adolph Berle, for some of the law invovled; George Silverman, now with the army, and Laughlin Currie of the White House; who had special experience with Chinese economic problems. The story began before Pearl Harbor, when Secretary of the Treasury Morgenthau called in Mr. White and told him the time prob-
ably had come to develop a plan
for international monetary stabilization. White ‘Started Digging’ In the early stages fhe work was nearly all that of treasury people, Mr. Morgenthau and others supplying the broad direction, Mr. White doing the digging. It was sit-and-think sort of work, which he did mostly at his suburban home in Bethesda, Md., where he could be free of telephones and departmental meetings. Last April his broad outline was complete; it didn’t attempt to fix every final detail, but it was voluminous notwithstanding. There were times when other war matters pushed the world money plans aside. But in succeeding months the conferences with other departments went on. Ideas ‘were advanced, batted around, knocked down. When theory got out of
London ‘Leaked’ News In October, Secretary Morgenthau and Mr. White went to London. There were repeated conferences with Lord Keynes, economist and adviser to the Exchequer, Sir Kingsley Wood, Chancellor of the Exchequer, and others. Refurned to America, they met with British officials, Chinese foreign minister, T. V. Soong, and others. After more than a year of planning, conferring, revising, the program had taken pretty Sefinite form. It wasn't supposed to have come out when it did, but there was a leak in London. ‘ Informal conferences with representatives of other nations on the plan were to have gone much further. As Mr. White puts it, neither the U. 8. nor any other nation has a monopoly on money experts. Watch Harry White The plan advanced by Secretary Morgenthau and Mr. White isn’t a final work-—it is a basis for the more detailed’ job of perfecting which: must be done when representatives of many nations come here to express their views. Harry White—a name you'll come to know well in postwar planning days ahead—came to the treasury in 1934 for a special monetary study, and he has been at it ever since.
of medium size who has an M. A. from Leland Stanford and a Ph..D. from Harvard, and who was an infantry lieutenant overseas in 1918. The government provides: him $9000 a year for personal research with currency.
DAILY PRICE INDEX
NEW YORK, April 9 (U. P.) — Dun & Bragdstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100) : Yesterday etesiesiierieenens 171.82 Week 220 ...0vuivisveionade. 17240
Yearago ........... sessesses 157.72 1943 High (April 2) ......... 172.40 1943 Low (Jan. 2) ........... 166.61
U. 8. STATEMENT
WASHINGTON, April 9 (U. P.).—Gov= ernment expenses and receipts for the current fiscal year through April 7, compared with a Joh ae sY
wor ar Spends’ 53 82.200,54 540, Ner® Betieit . Cash Balance Fubile Debt. Ba.
7,84 9218016804
tot
175,675 68,411,143 415 22540,860, 477 32,673,962, 055
INDIANAPOLIS CLEA CLEARING HOUSE
“| Clearings Debits
REFUNDS 34 MILLION NEW YORK, April 9 (U. P)— The Sperry Corp., manufacturers of precision instruments, refunded $34,352,041 to the government
contracts, Morgan said
nt-. Thomas A. in reporting net
gmat sarnings. for In
year to
Hours of Midnight Oil Went * Into Forming Money # Plans
By CHARLES T. LUCEY Times Spepial Writer:
WASHINGTON, April 9.—Behind.the U. S. plan for world currency stabilization is a story of the blending of high, idealism with shrewd
It is a story of midnight oil burned by men Jong after they had locked up their government desks for the day; of innumerable seminars in the stratosphereic reaches of monetary. thinking.
bounds, Will Clayton was there to ‘| blow the whistle on the economists,
He's an impeccably turned out man}
Month 820 ..vesiseecaneasaes 1T0.21)
Last ¥ i , 707 304,560 sal “085.5 898. isa
through renegotiation of its war|
ne
'Brassy’ Idea Doesn't Pay Out
NEW YORK, April 8 (U. P)— To a stockholder’s suggestion that some of Revere Copper & Brass Co's. “brass might be injected into your directors to make them declare a dividend,” President C. Donald Dallas declared such a
suggestion should be: directed at “your congressman rather than to your directors.” “You will see by our published statement that- $13,000,000 was earned before taxes, equivalent to $10.80 a share on common,” Dallas said at yesterday's annual meeting. But please note that federal taxes alone took $12,140,000 equivalent to $9.43 a-: share on common, . ‘Isn't it obvious that your suggestion should be directed to your congressman rather than to your directors?”
HOUSE COMMITTEE 0. K.’S AGENTS BILL
WASHINGTON, April 9 (U. P). —The house naval affairs committee yesterday approved unanimously a bill designed to curb excessive profits. hy ‘commission agents: engaged in procuring war contracts, . The bill, would subject these coms mission agents to péntegotiation pro< cedure by legally defining them as subcontractors, thus enabling the! government to recover excessive fees which testimony before the c¢ommittee indicated sometimes ran irito hundreds of thousands of dollars. The measure was ‘approved by a unanimous vote of the members present; although Rep. ' Lyndon Johnson (D. Tex.) charged it would not reach -“some-of those fellows
.| day that a proposed tariff revision,
UNITED AIRLINES ASKS FARE CUT
Estimate Proposed Revision Would Save Public + $1,600,000 a Year.
CHICAGD, April 9 (U. P)~ United Air Lines announced yester-
if approved by the civil aeronautics board, would reduce fares of air travel to the category of first-class railroad fare. United officials said the revised tariffs would result in substantial rate cuts between many United States cities, and save the air-trav-eling public an estimated $1,600,000 annually. The proposed fares would be no higher than first-class train tickets, and in numerous places would be lower, it was announced. The new fares would become effective May 1. W. A, ‘Patterson, president of the air line, said that “the proposed reduction is attributable to the sharp wartime increase in the number of passengers per airplane and greater utilization of equipment.” Proposed rate slashes would drop the coast-to-coast fare from $140.95 to $138.85; the flight between Chicago and New York would be $38.85, a reduction of $6.10; the over-night hop from Chicago to San Francisco, Los Angeles, Portland, Seattle and other Pacific ‘coast cities would be $100, a reduction of $5. The fare from Seattle to San Diego would drop from $68.93 to $56.90.
GRAIN FUTURES IN PARTIAL RECOVERY
CHICAGO, April 9 (U. P.)— Grain futures recovered partially from the sharp break on the board of trade today caused by the president’s anti-inflation order Yo further restrict price advances and wage increases. At the end of the first hour wheat was off 1% to 1% cents a bushel; corn unchanged fo off 3%, oats off 5% to %, and rye off 1% to 1%.
tember contracts sold below the OPA ceiling level as much as one
Corn offerings increlised and Sep- | 33¢.
BOND TAX ASKED
Federal Subsidy on Exempt Issues Suggested by
Committee.
45 WASHINGTON, April 9 (U. P= Elimination of tax-exemption privileges from state and municipal bonds, through a federal subsidy, would be the most desirable solution of that problem, according to he. .|Committee on In f Fiscal Relations. Pp “If a compromise is neoesséry to secure such action and ‘promote. better intergovernmental relations, and such seems to be the case, a direct subsidy equivalent, to the one, now allowed to borrowing govern= = ments is recommended,” the coms
treasury department. a This would mean that the federal = government would be called upon te subsidize the states and municipali= = ties to the extent by which the ine = terest rate on their securities was increased through the elimination of. the tax exempt privilege. The committee said that the fede eral government might well ape: preciate that its own interest in the elimination of tax exemption calls! for some generosity in dealing with. = ‘|states and municipalities in other phases of fiscal policy. On the other hand, the committes i pointed out, state and local officials
‘have some stake in the equity and. adequacy of the federal tax system,
Bank Turned Down
The committee’s blunt recome mendation that the tax-exempt sew
made after the committee had dise cussed and eliminated other plans to accomplish that purpose. One of these was the suggestion
establish a federal bank for states and municipalities, and that the bank might extend its credit to the. units of government which sought such service. The bank itself would secure its capital from the sale of taxable securities to the public. The committee sald that there was some precedent for such a bank * in several countries in Europe, but. dismissed proposal for the bank with the statement “there is some doubt of the acceptability of a formalized institution of this sort by the states’ rights proponents.” . = This is the seventh of a series of articles on the recommendations made to the treasury department’ by the committee. .
LOCAL PRODUCE
Heavy breed hens 3% lbs. an pover, 2c; EA Ibs. and under, 23%c Leth orns,
23%ec. Broilers under 3 Ibs, colored and Barred | and White Rock, 27%. jo Pryers 3 lbs. and over, colored and = Barred and White Rock, 29c. rT 21c; heavy breed, 22a cocks, eas Surrent receipts, 54 Ibs. and up,
A medium, 34c; grade A ama i, 2
grade, 30
Butter—No. 1, 50c,. - Butterfat—No,
making $200,000. to” “S100: a aries as executives.’ i ati i
Tr
cent.
>
49c; No. 2, 46¢c.
“It's a sell out” for both performances of “Truth or Consequences” at the Murat Theater Saturday Night!
wank You...
FELLOW CITIZENS
of
INDIANAPOLIS and MARIONU COUNTY
We thank you for your enthusiastic and patriotic re-
sponse to the drive conducted by Marion County Savings & Loan Associations for the sale of War Bonds.
It's a "sell out" at the Murat Theater for both performs ances of "Truth or Consequences” Saturday night.
WAR BOND SALES PASSED THE SEYEN MILLION DOLLAR MARK FRIDAY
Your participation is fully appreciated and we know you'll enjoy the show!
Remember—It's the “Truth”—Buy War Bonds or Take the “Consequences!”
lL agus
THE MARION ‘COUNTY
BUILDING £ LOAN ASSOCIATIONS
Arsenal Bldg. & Loan Assn, Atkins Sav. & Loan Assn. Celtic Fed. Sav. & Loan An. Colonial Sav. & Loan Assn. First Fed. Sav. & Loan Assn. - Fletcher Ave. Sav. & Loan Assn. Indiana Sav, & Invest. Co.
5 oy EL faa Fike PET On
Insurance Sav. &
’
Standard Sav. & Union fojont § av. ‘& Loan n Assn,
5
Loan Assn. .
Peoples Mutual Sav. & Loan Assn. - Prospect Sav. & Loan Assn. ‘ Railroadmen's Fed. Sav. & Loan Assn. . Shelby St. Fed. Sav. & Loan Assn.
Loan Assn.
Turner Bldg. & Sav. Assn.
mittee said in a memorandum to the
should appreciate that they, too, i
curity problem be corrected by the a elimination of tax exemption was: |
that the federal government might |
Graded Hogs Grade A large, 36c; a ie 2