Indianapolis Times, Indianapolis, Marion County, 30 June 1943 — Page 10

Indiana Bankers Angered by Competition From Government

| e———eeeeeeu By ROGER BUDROW

INDIANA BANKS ARE BATTLING GOVERNMENT credit agencies, complaining that the government is taking away business of the small town banks. The Indiana Bankers association made a survey which, it said, shows that the “19 federal lending agencies subsidized by the department of agriculture have cornered a large percentage of all farm loans.”

To prove its point, it cites Jay county as typical of the whole state. In March $66,400 was loaned in that county and only 11.4 per cent of it came from banks. The Muncie production credit association, farm security administration and producers livestock credit corp, all federal lending agencies, made $54,647 in loans or 829 per cent of the bpusi- } ness, the associa- : tion said. A few Mr. Budrow loans were made by private individuals or privatelyowned loan companies, What infuriates the bankers, in addition to losing the business, is that they give services free to the government like selling war bonds and then face government-subsie-dized competition. The bankers association said “it has been indubitably proved that representatives of the various lending agencies of the department of agriculture contact the farmers, with few or no restrictions on tires and gasoline, and solicit and even steal loans from the banks.” ” » ” INDIANAPOLIS RAILWAYS securities didn’t tumble anything ter- _ Tific yesterday when the news came out that an attempt would be made to cut the fares of the local transit gystem. There were two reasons. First, some of the investors who are “in the know” had wind that something of the sort was brewing and prices of the company’s securities have come down a few notches in recent weeks. Second, traders adopted a ‘“wait-and-see” attitude on what the public service commission will do. . ” ” ”

STEEL EXECUTIVES knew today’s good news about whipping Nazi subs before Churchill broke it. No one had to tell them. They noticed that orders for steel to be used in repairing torpedoed vessels have dropped off in recent months. 2 8 = + INVASION BRIDGES are being buiit at Evansville. They are built in 10-foot sections at the Interna-

_ tional Steel Co. plant, weigh as

much as 600 pounds. Fitted together they can span 150 feet but, with piers or pontoons every 150 feet, can be as long as needed. An eight-foot test bridge was put together in less than five hours by 18 factory workers who had not done it before. The bridge design -was adopted from one the British use. 8 8» . ODDS AND ENDS: The ice . €ream industry certainly appreciates war correspondents’ stories from

FARMERS URGED T0 HOLD HOES

WFA Asks Porker Shipment Reduction to Ease

Plant Situation.

CHICAGO, June 30 (U. P.).—The| war meat board has asked farmers to reduce their shipments of hogs| ° to market temporarily because current marketings are in excess of plant and labor capacity for processing. Heavy receipts at terminal mar-

Not now, bat one of. the. new conveniences we can look forward to after the. War, atpording ‘to United Air Lines, is this: mionster plane.- Such sup er-size planes will lower air travel costs and make round-the-world vacation flights in two weeks available to millions of folks.

kets and country points in the past two weeks have exceeded available facilities, and prices have been depressed to the support level of $13.75 a hundredweight for good to choice 240 to 270-pound butcher hogs, the board said. “If the number of hogs marketed during the next several days can be limited to the number that can be handled in plants without delay, the situation will be relieved,” the board said. “Hogs can be advantageously carried until the. current excessive runs have subsided.”

‘Hogs Good Property

A number of packers carried large droves over the week-end and with Monday’s purchases had enough hogs on hand to last them until tomorrow, a board spokesman said. Harry E. Reed, chairman of the board, said it is the board’s opinion that hogs are good property well worth support prices, and that there is no justification for their hurried liquidation. “It is the intention of the war food administration to stand squarely behind the support price of $13.75, Chicago basis, for good and choice 240 to 270-pound butcher hogs, but the situation hinges on plant and labor capacity, and farmers must co-operate,” Reed said.

Slaughtering Up 28 Per Cent 330- 360 pounds

Figures released by the board| 360- 400 pounds .... showed an increase of 28 per cent (00d ponies 5 in hog slaughtering over the same | 450- 500 pounds period a year ago, with the kill last | Med jum— : week totaling 1,278,000 head com-| 20-9 dig A Pies 1 Mgt pared with 1,000,000 head last year. Mediuin: and: Good— . Slaughter of cattle showed a| 90- 120 pounds sharp decline, with 138,000 head CATTLE (575), killed last week compared with 235,- Steers: 000 head in the corresponding week a year ago. Slaughter of calves -50 was down 33 per cent from a year |j300-1300 POUNGS ny is » ie 5 ago, last week's kill amounting to| good eg ‘3 700- 900 dS .ee.cescisess 14,[email protected] 87.000 head, : 900-1100 De wl 14. 0015.80

1100-1300 pounds ... . [email protected] | ¢ 1300-1500 pounds + 14.75@15. 1%

Nea1100 pound [email protected] -. u S eesesee . 2 [email protected]

1100-1300 pounds Common 700-1100 pounds [email protected]

HOG PRICES UP 25 CENTS HERE

Porkers Weighing 200-225 Lbs. Bring $13.75 Top; 6250 Received.

Prices on hogs were generally 25 cents higher than yesterday's’ bulk sales at the Indianapolis stockyards today, the. food - distribution .'administration reported. The top for 200-225-pound porkers was $13.75. Receipts included 6250 hogs, 575 kattle, 500 calves and 500 sheep.

HOGS (6250)

120- 140 pounds 140- 160 pounds 160- 170 pounds .. 180- 200 pounds . 200- 220 pounds .. 220- 240 pounds 240- 270 pounds 270- 300 pounds ... 300- 330 pounds ..... 330- 360 pounds . Medium— 160- 200 pounds . . Packing Sows Good to choice— 270- 300 pounds 300- 330 pounds

| [email protected]

.. [email protected] © [email protected]

on 3 ogiae 65

1225013.28

‘1l0als. 13,[email protected] [email protected] ... [email protected]

. [email protected] 12.85

Choice— 700- 900 pounds 900-1100 pounds ....

15. Sais, 5

Pennsylvania Forge Corp. — 1942 net income $579,697 or $1.59 a common share vs. $487,977 or $2.25 in 1941, ‘

25 land outmoded practices of distribu13.00 tion’s

| [email protected] | nioration of new markets for ‘both

science to distribution . methods, to

and even to calculation of the popu

work or regard for established theories or customs, ‘is now being employed on distribution of -products- to the ultimate consumer and on sales. of new devices to industry. It ‘is expected to produce a 20 per cent reduction in distribution costs and -a subsequent - increase in demand that will provide jobs: for many more workers after the war. At present, 38 full-time experts are employed in the laboratory in Chicago, under supervision of Vance C."Woodcox, R.C. A. regional director, with E. W. Butler ‘as. department manager.

Explore New Markets

.-David Sarnoff; president of R. C.‘A., enthusiastically proclaims it is “a major. factor in helping meet the challenge to deal with high costs

tion in order to maintain after the peace is won the high levels of employment brought about by the nawartime ‘battle of production.” . One of the most: interesting studies made thus far concerns ex-

old .and new products, he ‘said.: An important . phase of this. study is the trend in the’ radio industry toward bécoming, in addition to a supplier to the individual consumer, a supplier to industry itself of both| communications and non-communi-cations products. According to findings of the new laboratory, -costs of distribution generally are higher than those of production, due for the most part

Lower Distribution Costs

Goal of R.C.

NEW YORK, June 30 (U. P.).—An economic laboratory that applies and, women workers, to determination of consumer likes. and dislikes

offered the ‘public has been perfected by Radio Corp. of America. The laboratory, which uses technical methods involving no guess

A. Laboratory

the training of salesmen and ‘men

larity of recordings before .they are

IN BRIEF—

The average interest rate paid by the United States government . on its outstanding securities was at an all-time low of «1.992 per .cent on May : 31, ‘the June bulletin. of the treasury department showed today. ® 2 ‘= a? The Mutual Life Insurance Co. of New York has inaugurated a'policy whereby ' immediate cash paymehts will be made to beneficiaries of men killed“ in service. The 'plan is believed to be the first of its kind. ” ‘# s Paul G. Hoffman, president ‘of ‘Studebaker Corp. of South Bend, has been elected to the board of directors of United Air Lines. » 2 = ‘ The Kellogg Co. of Battle: Creek, Mich:, one of the countrys: largest cereal food manufacturers, has acquired a long. term lease on the

Cereal Mills of Omaha, Neb. Necessity for expanding Kellogg: production was the reason given for ‘'acquiring the Miller properties. ' o # » ¢

Federal Bankruptcy Referee Robert P. Stephenson will ‘begin hearings July“7 on the petition | of reorganization of the Childs Co. ' Reorganization of the restaurant concern has been asked by three

~~ MEAT SHIPPERS

plained.

But we've sayed- half the shipping space for mutton already.” .

from our mouths. Some men brought along samples of “formed” frozen plant and uipment of the Miller beef.’ =~ These were dismal looking objects | 3 compared to the stately chilled beef ¥ carcasses marshaled more tightly

evenly in the refrigerated chambers of the great ships on the River wr Platte run. :

GUT SHIP SPACE,

Argentines Now s- Now Gel a Ton of Chilled: Beef Into ' 55 Cubic ‘Feet.

‘By, ALLEN HADEN

¢ -

The Chicago Daily News, BUENOS AIRES, June 30.—When the British government asked meat packers in Argentina to get more meat to England, but at the sama time use less shipping space, this was but one feature of winning the battle of the Atlantic. Meat packers in this country came through by adding three new wrinkles to their pre-war techniques, and . Argentina meat shipments now ‘use only half: the cargo space ‘formerly required. A ton of chilled beef, formerly requiring 110 cubic feet, now fits into 55 ‘cubic feet of the precious -refrigerated space on board ship. Weight “Would Sink Ship Packers have. so. reduced the size of their meat that shipowners have called a: halt. There is always a delicate relationship between the cubic ‘space occupied’ by a ship's cargo and its weight, and the meat packers have so successfully met the

British government's request, they A

could so load a ship’s cubic space that the weight would sink it. At Armour’s plant at La Plata, near Buenos Aires, which I visited

recently with chubby, soft-spoken)

Earl F. Williams of Chicago, things

have changed, somewhat since be- | zo

fore the.war.

Huge piles of logs and bags if Borden

cereals .covered what was once a neat parking lot. thick black smoke instead of .diaphanous vapor billowed moistly from the stack. “We're burning wood and" cereals for ' fuel,” Williams said. “Corn, barley, linseed and I don’t know what all, is in those bags. It's not much good as fuel, but we keep 80° 88 ng. » ‘Telescoped Mutton’ A cluster of burlap<wrapped car-

casses jerked and rocked swiftly along the overhead trolley, feeding

a waiting refrigerated ship along- |}

side: the dock. .. Small and compact, these packages were new to me. “Telescoped mutton,” Williams ex“We used to ship mutton | ¥ carcasses whole. Inside the carcass |o there was .a big waste space. now we cut the carcass: in .two, right across the middle, and shove |p the hindquarters. inside the . fore-|P quarters. There's still a space ioft which we’ll use somehow, some: day.

A column . of ri

So|B

Panny. Pastér - Has $5256 Idea

"LINDEN, N. J., June 30 (u. P). —A war worker's casual action of; pasting a newly-found. penny on’ “a navy Wildcat ‘fighter plane at: "the General Motors corpora. tion plant, brought * ‘a’ $5256 contribution today to ‘the Navy Relief; society. , Lito: Zebrolski, an electrical installer of North Arlington, N. J. wa§ watching the plane come off the, assembly line when ‘he noticdd a penny on the floor. Fe picked: up the penny and pasted it on the plane as a good lutk token. A. woman welder, working nearby, saw Zebrolski and Yagied a'-quarter alongside the

the {dea then spread throughout the shop. Thousands of other workers paraded past, adding their contributions, first in silver, then in dollar bills. One: worker, the. father of three sons in the navy, pasted. on a $20 bill. At ‘the end of 30 hours, the entire outer structure of the plane, was covered with money and several oil ,cans carried the tlow. : ;

N. Y. Stocks

Net High Low Last Change

3% 11

160 40%, Ya 89%

I ++++: :

sbi HL - [NG i. -

Curtigs-Wr A ... 22% Cons Edison. .. 2 Cons’ Vultee al 17% Dome Mines ... 20% Douglas Aire .. 67% Dow Chem ....148% East Kodak ....165% oe. 38% . 39% 4

Pt | FEE]

d Int; Harvester . Int Nicke 3

DEE]

FEL + +]

st lLEL HLL

A wind which might have sprung 34 Br

1p on Lake Superior, but came irom Patagonia instead, tore the words

than soldiers on parade, which hang

UNION CERTIFIED AT

Studebaker ha Swit: & Co ... 26%

ET lary

+1+1

Zen) Rad

| WEDNE SDAY, JUNE

ACTION TO | CORN EXPEC

Predict “Quick and D Measures to Breaks Price Jam. 3

© WASHINGTON, June 30 —Associates of War Food trator Marvin Jones today “quick and decisive” action to corn from a price jam and lieve a growing shortage of The ' acute market shortage. corn, despite. larger than nom supplies of Midwestern ‘farms, “wi attributed to the ceiling price: $1.07, Chicago basis, while to hogs'is worth consider

ceive Jones’ attention after : ceeded Chester C. Davis as boss. He has discussed . pi

ministrator Prentiss M, Brown Stabilization Director Fred M. ¥ son. All are in agreement mediate action is necessary to a livestock feed shortage. i

May Raise Ceilings

Discussion of a possible solu has narrowed to two main posals: An upward revision in ceiling prices, and a price progr to: discourage marketing of he weight hogs and prime S|

‘beef, Informed officials. said

likely to be taken this week

Te jf| ndlude a combination of the twb. a

Corn products manufacturers, who have been hardest hit by the

% (ket shortage, may be permitted .to 3 pay the “hog price” for com. |

“hog price,” it was explained, 1s the price which a grower receives for his corn in the form of pork. That price now is between $1.30 and $1.40 a bushel, agriculture deparmentiefficials said.

Increase Quotas The food administration hopes to

4 make it unprofitable to feed hogs

beyond 220 pounds, the point’'at

*|which the most pork per bushel of acorn is obtained. Heavyweight corn3, |fed steers do not provide the most

economical use of feed. Unusually favorable range tions in the West have retarded” usual flow of cattle to market, od

+|officials said. Producer u ty that the administration will ‘ma .|80od ‘on its promise of subsidiesito

finance the consumer price rollback

‘1, |also has affected marketing, =°

The WFA, in an effort to alles

«| viate the beef shortage as much as

possible, increased the quotas of pork, lamb and mutton which sthe

Based on percentages. of

‘cause marketings are lower inthe summer months, consumers: may, ‘Hot notice any increase.

LOCAL PRODUCE:

A Nd breed hens, 24%:c; Leghorn ot Cc

2TohaE, fryers and roasters, under 8 S., Old roosters, 16c. s—Current receipts, 54 lbs. ang’ up,

Grade Eggs Gr rade A la 38¢c; “grade A medium, 6c; grade A Sovall, g6c; ‘no

s| grade, 32

Butter—no. 1, 80ec.

Butterfat—No. 1g 49¢c: No. 3, 466. oy

to:. recent concentration on cutting

i bi 5 costs through production ¢ ciency. creditors ‘whose claims total $12,000,

but ‘the move is opposed By other creditors’ and the Sompany man-

Cholee— 600- 800 pounds 800-1000 pounds .. Good— - 600- 800 pounds ....

"LOCAL WAR PLANT

The Unitéd Automobile, Alr-

Australia telling how soldiers go for * ice cream. . . . Prices on government ~ telegrams have been raised; they’ re

Light Co. stock today will get a 30cent dividend July 15. . . . Microfilm is being used to send outstanding

. 18. 00@15. 7 14:25@15: 0

17 & i 1

now only 20 per cent below rates charged the public, against 40 per cent previously. . . . Sinclair will build a refined products pipeline 3 from Chicago, across the northern tip of Indiana, to Toledo. . . . Those Who own Indianapolis Power &

newspaper and magazine articles from U. S. and Britain to Chungking. . . . Peru used a navy transport recently to haul a load of ni« trate to Buenos Aires and haul

Argentine wheat and beef back |S2

home.

BUSINESS DIRECTORY

Merchandise

J 1235 Mass Ave.

of MOTH HOLES—BURNT or WO! OTS LEON TAILORING CO. In the Middle of the First Block

and Service USE YOUR CREDIT at

IVILOISI RINNE CLOTHING COMPANY

131 W. Washington St. Directly Opposite Indiana Theater

FUR COATS Largest Selection in the State

INDIANA FUR CO.

112 East WASHINGTON St

WE Buy Diamonds

HIGHEST ae PRICES

STANLEY Jewelry Co.

113 W. Wash. Lincoln Hotel Bldg.

14, 25@15. 25 . 13 00@14. 25 . 11.50@13. 00

800- 1000 pounds .... Mediu \ 500- "900 pounds .eqeese Common 800- 900 pounds Cows (all weights) isa g e 8.50 Bulls (all weiglits) (Yearlings Excluded)

. 13:00@13. 75

coves 1 [email protected] [email protected] «9.500. 0; 75

CALVES (500) pYstlens (all weighty)

Good “Gn weights) «oe. . Mediu

‘| Good to ch

Cull (75 lbs. up) : Feeder and Stocker Cattle and ‘Calves

Choice— 500- 800 poun 800-1050 pounds .. Good— 500- 800 pounds ..... 800-1050 pounds ..cccecocuaes Medium— 500-1000 pounds

[email protected] rveessserees [email protected]

14.78 14.50

eoveaess 14. 13.78

cescsassesese [email protected] Common-— : 500- 900 pounds aes 11,[email protected] Calves (steers) : Good and Choice— - 500 pounds dOWRA .ccc..ce.... 15.00016.50 Medium— : 500 pounds down ..... easinee 13.50915.00

Calves (heifers) Good and Choice— $d d ceveses [email protected]

WASTE PAPER AMERICAN PAPER

STOCK COMPANY . ‘RI 6341 320 W. Mich.

You Save Because We Save en's Suits & Overcoats

16” = | 8” 2 i 5 24° CASE CLOTH ES

5 N. Senate Ave. @pen 9

ERS fc EAC

We Buy Usable Wire Garment agers at 10c per bundle of 10. 63 Stores All Over Indianapolis

AEE

WHEEL CHAIRS Why Buy One? Rent One At HAAG’S ALL-NIGHT " DRUG STORE

SHERWIN WILLIAMS

Has a Paint for Bvesy Purpose, COSTS LESS Because it Lasts Longer.

VONNEGUT'S

OWR «ees Medium 500 pounds down 12.75@ 14.50

SHEEP AND LAMBS (500) Ewes (shorn) Good and choice Comumon and choice Spring Lambs Good and choice Medium and good Common

FUR COAT STORAGE

Phone . $§00

FRanklin 2581 Insured

For Bonded Messenger up we

MARILYN FURS ous

29 E. OHIO ST.

V1 LEVINSON ) / STRAW HATS

"The coolest thing the sun.”

under 2. $j

THREE STORES

ASKIN & MARINE Good Clothes, kiasy Credit 127 W. Washington St.

CHIGKERING PIANOS HAMMOND ORGANS

* Beshsiets a at

"| mission announced. yesterday it will

‘| Aug. 1, to become due in 1973. Pro-

‘| exemption from certain ‘provisions

. |tures on the Board of Trade today,

STATE UTILITY BOND ISSUE HEARING SET

PHILADELPHIA, June 30 (U. P.). —The securities and exchange com-

hold a hearing July 19 on application. of Northern Indiana Public Service Co. to issue and sell-a $45,000,000 issue of first mortgage bonds. The company seeks to issue the series C first mortgage bonds on

ceeds of the issue would be used to redeem the company’s series A 33% per cent first mortgage bonds due Aug. 1, 1969. ‘Northern Indiana, a subsidiary of Midland United Co., also sought SEC

of the public holding: company act. The common stock of Northern Indiana was described as being worth $7,030,000 by John H. Bickley, Chicago financial expert, during a reorganization hearing of Midland Utilities Co. and Midland United. The value of the 2,181,550 shares of Northern Indiana, he said, might be estimated as high as $7,770,000.

FYE LEADS GRAINS fo BOARD OF TRADE £

CHICAGO, June 30. (U. P.).—Rye led a strong advance in grain fu-

climbing to new 15-year highs. At the end of the first hour, rye}: was up 2 to 2% cents a bushel,

cent.

would no longer be available to distillers at low prices lifted rye prices 2 ‘cents immediately after the

opening. : DAILY PRICE INDEX

NEW YORK, June 30 (U. P.).—

REE!

Send our memorandum ! pred Platics Industry. !

FuUOMION LMIEINNS . Members o New York Stock : “and € Principal Had

|| to holders of rationing certificates

Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (19301932 average equals 100): Yesterday ..........cc....., 170.09]1In Week 880 .......cocvevee... 169.72 see svy sie snnsvass 11181 ago ves ss eess 156.16 1943 high (April 2).......... 17240 19:3 low (Jan. 2) :

EASE ‘USED TIRE RULE

Provision for retail sale of suit-|v.

ably branded unrepaired used tires

is contained in an tive

agement. ' ® x Fletcher . Avenue Loan association,

Savings: 150 E. Market st, ‘today’ declared its 105th. consecutive semi-annual dividend—

wheat up .1%, and oats up % to 1|:N Ind

- Reports that government wheat|p>

at the rate of 3 per cent for the period ending today. . P anc mnie ty Tn : Roy Stephens, . executive .assistant, and L. H. La Motte, manager of the Washington office since 1937, have been élected to the newly créated vice presidential. offices: of International Business RgoRines Cor, : : EE oe. The huge: Carnegie-Tllinols: Steel Corp., under federal indictment for conspiracy, has filed a petition in federal court at Pittsburgh ssking for: a 90-day extension in ‘time to file an answer to a civil informer suit for $1,000,000 brought -by- a Chicago attorney under an old Clvit war :Statute. :

LOCAL: ISSUES anpols s a ujaeg 33

tna. Asked Agents ‘Fin Corp com esas en

G *Stokely United Tel Co O Unjon Title Van Camp Van Camp 3

Algers Winew W RR wn... American dosz 5s | J American Loan .

x Ee Sg ciesses 1%

eh of Ind Asso ode Co oak eee ..1086! hap ® P&L 3%s 70 +307 Indpls Railways Co. 5s 67 I . Water Co S Kuhner Packing Co 4%s Morris 5&10 Stores 5s Muncie Water Works N Ind Pub Serv .3%s N-Ind Tel 4%s 55 Pub Serv of Ind 3%s 13 fub Teil: Richmond Water Wks 8s 57... "108 Co! «18

- De

*Ex-dividend.

_ WAGON WHEAT - Up to the close of the Cb 280

AUption. to ine fire raSculng sp issued |

oo | Sh

showed that 446 of the 544 .em-

% income $143,478 vs. $174, 807 in 1941,

craft and - Agricultural Implement Workers of America (C. I. O) has been certified bargaining agent for employees of - Marmon-Herrington, Inc, by the national labor relations board. The union, will not represent.superintendents, foremen, guards, confidential . clerks, office employees,

and ‘men empowered to. hire and

discharge.

‘A check .by the board's regional |

director of the Junion’s records against. the company’s payroll

ployees. inthe unit had authorized the union to’ represent them.

‘LUMBER OUTPUT DOWN

WASHINGTON, June 30 (U. P). '—Shipments of 465 lumber mills in the week ended June 19 were: 55 per cent below production and bookings. were 2.6 per. cent under output, . the. National Lumber. Manyfacturers- association. reported.

U.S. STATEMENT

WASHINGTON, June 30 (U.: P.) .—Government expenses and, receipts for the current fiscal year through June 28 compared- with a =r SR, ; ‘

t Year ..$ AT Fe Te 241, 618,381 A I1.303 9a ,814 25,637,963,523

United States Glass Co.—1942 net |

profit $98,954 vs. net loss $69,496 in 1041. O'Sullivan Rubber Co., Ine.—Net

Spare Rooms :

And War Bonds.

"Every. family surely is conscious of. the need for purchasing’ war ,bonds, BUT is every family aware of the fact that their’

“spare” room will pay for an: |:

$18.75 bond each month. . . . It will if you rentiit ..: and right now the demand . for vacant rooms is very great. The TIMES Want Ad below. experienced no . dimeulty ‘im. renting this ‘room.

OENTRAL, Te Large front room, aes -furn near bath; tl RE Se WO oR SR

Let: your spare room buy 12 war bonds a year for you — ¢ yant-ad to The 1 / : RI:B881 — 7:30 a. Mm.

Conversion

When a great, wall -paper company turns Its fide capacity to incendiary bombs; when

another plant converts from lipstick cases to shells

for the Army—American industry is at war indeed.

: Still ‘more dramatic instances of conversion are

ih wi among the nation’s military secrets.

Banks, too, have undergone a process of con.

* version. Many commercial loans of the peacetime

‘variety have disappeared — having been super“seded by loans to advance the war effort. A large part of our energy is devoted to selling and a handling War Bonds and other U.S. securities. "Coupon ration banking is making increasing

: demands on our personnel and ‘equipment.

Day to day changes in individual destinies are

creating new assignments for our trust department

vs. investments to-be cared for while the owner or

accustomed: manager is away in war work.

This conversion is necessary; in addition, it adds vastly to the experience'and resourcefulness

of the banking field. American National meets the challenge ‘of its wartime ole with energy and

confidence: :

‘Each War Bond You Buy Brings Vietory Nearer!

AMERICAN

NATIONAL BANK

at Indianapolis

PEN AND MARKET STREETS 4 Branch Office is maintained at College Avenue and 42nd Street