Indianapolis Times, Indianapolis, Marion County, 20 October 1939 — Page 31

2

| mrs ( gund)

5 OKS SLIDE; WHEAT PRICES CO FRACTIONS

Corn Also Is Lower; Other [sn

Commodities Slip off; | London Is Firm.

By UNITED PRESS Stocks drifted irregularly lower in quiet dealings today. Traders pursued a cautious policy in view of the approaching weekend and the confused political situation abroad. was some disappointment over automobile production and commercial loan figures.

Automobile output for the week

was| estimated at 74,114 units Ban

against 75,820 in the preceding week and 59,860 in the 1938 period.

Earlier expectations for a rise were |!

offset by the Chrysler labor trous bles.

ended Wednesday. Other business news was favorable. Retail trade this week was reported the best for a non-holiday week in two years and 9 to 15 per cent ahead of a year ago. Chrysler widened a small early|S loss to more than $1 by midsession 20d General Motors eased fractionally.

off nearly $1 each and the leading aircraft shares set up losses

ing to almost $1. Rubbers, utilities Got

and some oils and merchandising issues showed resistance to selling. eat sustained small loses on

scattered selling and light offer- é «ing on the Chicago Board of Trade. At the end of the first hour wheat BE to

was off % to 3% cent, corn was “off % to 3% cent, and oats were % [to 3% cent lower.

i Light showers fell in sections of | SOY,

Nebraska early today, and cloudy

weather in Kansas promised pos- |S

sible relief from the extreme dryness which has retarded seeding and threatened the winter wheat €rop. Other commodity futures gener-

- ally were lower in reflection-of lag-

ging speculative demand. + A firm undertone prevailed on the

.London Stock Exchange but trad-|P

ing was restricted by week-end con‘siderations. Sentiment was aided by Bk Sev g of the Allied-Turkish act. ‘

LABOR TROUBLE CUTS AUTOMOBILE OUTPUT

DETROIT, Oct. 20 (U. P.).— Automobile production declined slightly this week as result of the curtailment at Chrysler Corp. in its labor dispute, Ward's Automotive Reports said today. | The publication estimated the week’s output at 74,114 compared with 75,860 last week and 59,860 a year ago. Most manufacturers increased their output, Ward’s said, but a 90 per cent reduction at Chrysler lowered the total under last week's figure.

BUSINESS AT A GLANCE

By UNITED PRESS : American Colortype Co. September. quarter sales $2,065,040 vs. $1,973,080 year ago, up 4.6 per cent; nine months sales $6,581,297 vs. . $6,479,585 year ago, up 11% per cent. Chesapeake & Ohio Ry. Co. nine months ended Sept. 30 net income $15,600,704 equal to $1.98 a common share. vs. $12,558,894 or $1.58 year ago. City Ice & Fuel Co. September |quarter net profit $1,811,452 vs. $1,796,061 year ago. Corn Products Refining Co. .and \its subsidiary sales ¢ompanies Sep[tember quarter net profit $2,868,145 equal to 96 cents a common share | vs. $2,066,488 or 65 cents year ago; nine months net profit $7,072,838 | equal to $2.28 a common share vs. | $7,113,111 or $2.30 year ago. Owens Illinois Glass Co. 12 months-ended Sept. 30 consolidated | net ‘profit $7,465,253 equal to $2.81

| a common share vs. $5,085,996 or | $191 year ago.

‘FOREIGN EXCHANGE

NEW YORK, Oct. 20 (U. P.).—Following as noon cable rates on mage curregcies; able e

Change —40 2 ada

Ftaly (lira) Belgium (belga) Germany (mark) witzerland (franc) .... olland (guilder) weden (krona) Noaway (krone) Demamark (krone) Japan (yen)

‘U. S. STATEMENT WASHINGTON, Oct. 26 (U. ernment expenses and recei SUT Sicel year through pared. ¥ year ago:

P.).—Gov is for the 18, com-

Alsen t Yea $2 81 100,497.32 82. 61 176,096.79 ."1,629,591.090.64 1,604,136,499.86 "997,039, 596.93 981915.996.93 2,735,364.665.2 al. 1; 5 119.164.241.683 Gata Res. 16, 997.058. a 47 i gaat. 126, 361 04 in « Customs. 106,067,293.65 = 97.935,135.69

INDIANAPOLIS CLEARING HOUSE

Bgne $2,942,000 $7,723,000

| FIRST MEETING CALLED

NEW YORK, Oct. 20 (U. P).— The Commodity Club of New York will hold its first dinner meeting of the 1939-40 season Oct. 26, Joseph L. Andrews, president, announced

. today. , acon WaEAT are payin

de: Gr = marke n th merits. Cash deiiow 45¢c.

Fn o he Oats, 25¢.

anew No. |

: Best” | ’ LAWN SEED

customers Some 2 Mee vear for m

3 SRVENIET STORES _

Er rn

TYPEWRITER

FRIDAY, OCT. 20, 1980 :

The Federal Reserve system |: report showed a dip of $3,000,000 in |Brewi commercial loans during the week|Budd Mt

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TRADE NEWS

REE A REE mess

Pont pf

The Association of American Railroads today reported that car loadings for the week of Oct. 15 increased 10,261 cars above the pre-

1930 Total revenue freight loadings were | 844,935 cars, an increase of 16.4 per 1cent above the corresponding week in 1938 and an increase of 4.8 per

cent above the same week in 1937.

Wages Are Raised

WINSTED, Cenn., Oct. 20 (U. P.).

announced yesterday for all employees of the Gilbert Clock Corp. Time and one-half will be paid for work in excess of 42 hours weekly.

Assails Price Rise

NEW YORK, Oct. 20 (U. P.).— Noel Robinson, vice president of Tide Water Associated Oil Co., to-

advances in Pennsylvania oils and

state may be seriously damaged if the present upward trend is not alted

rent price movements in Pennsylvanin lubricating oils constitute, in

the future prosperity of the entire trade, including producers, refiners, jobbers and retailers.”

Receive Contract

PITTSBURGH, Oct. 20 (U. P.).— |The Blaw-Knox Co. ‘today announced receipt of a contract from the Pahama Canal Commission for equipment to be used in nine concrete mixing plants. The equipment

.lincludes portable bins and weigh-

ing batchers.

$15,000,000 PAI

Times Special LAFAYETTE, Ind. Oct. 20.—Hoosier farmers co-operating in the 1938 and 1939 Agricultural Conservation Programs have received nearly $15,000,000 in benefit payments. for farming within soil-depleting -acreage allotments and performing soil conservation practices, it was estimated here today. Latest figures show that 105,431 Indiana farmers received $9,459,004.61 for participating in the 1938 program. Price adjustment payments in Indiana on the 1939 corn and wheat crops have been made as follows: Corn, $3,694, 799.54, and wheat, $1,513,003.14. A total of 3917 farmers in the state placed 1,350,033.4 bushels of wheat under the Ever-Normal Granary plan with a loan value of $1,035,660.20, it was announced.

DAILY PRICE INDEX

NEW YORK, Oct. 20 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ........ ccccebosss.119.38 Week ago .118.40 Month ago .118.66 Year ago ¥ 1939 High (Oct. 18) ...e0e....119.66 1939 Low (July 24) ....ee....101.40

ces 0ecsesscvcoors.

CTO UTO and DIAMOND

LOANS

wor. SUSSMAN, INC.

See Final Edition of the Times pier pn tee Closing Stock Quotations and Other Late News

NYS

By United Press

3

WASHINGTON, Oct. 20 (U. P.).—|x

level since the week ending Nov. 15,|2 —A 5 per cent wage increase was]:

day condemned “unwarranted” price|Safows

“If continued,” he said, “the cur- |S

Q ous opinion, a dangerous threat to|$9u:

FOR CONSERVATION ;

TOCKS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday Week ago Month ago ...... esseseenes 152.57 Year ago High, 1939, 155.92; low, 121.44. High, 1938, 158.41; low, 98.95. 20 RAILROADS Yesterday .....c..... yorees 34.71 Week -ago 5% Month 880 ...secccceccccns Year ago High, 1939, 85.90; low, 24.14. High, 1088, 33.98; low, 19.00. 15 UTILITIES Yesterday Week ago Menth 880 ....oocciencnens Year ago High, 19389, 27.10; low, 20.71. High, 1938, 25.19; low, 15.14.

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AUTOMOTIVE FREIGHT

NEW YORK, Oct. 20 (U. P.).—Although total railroad carloadings declined more than 42 per cent in the past decade, the percentage represented by automotive freight loadings rose from. 10 per cent in 1929 to 14.6 per cent in 1938 James S. Marvin, general traffic manager of

sociation, said today. In 1938, out of 21,167,240 carloads of all kinds of traffic, 3,095,108 carloads consisted of gasoline, cars,

sories of the automobile trade, as well as road-building supplies, Marvin said.

TAKES HAYES HELM

the. cid oun here toda

2 Vealers and Sheep Remain

; Net Last Chahge

PR 2! Q 238

s| Goad and choice

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LOADINGS ADVANCE [3

the Automobile Manufacturers As-|ors

trucks, parts, tires and other acces- ||

NEW YORK, Oct. 20 (U. P.).— John W. Young has been elected president and genéral manager of Hayes Body Corp., it was an-

HOGS DECLINE 107030 GENTS | 10 $7.25 ‘TOP

At Previous Peaks of $11.50 and $10.

After holding steady for most of |P

apolis Union Stockyards today turned 10 to 30 cents lower on weights over 200 pounds, the Agricultural Marketing Service reported. The top price, quoted on 180 to 200-pounders declined to $7.25, 15 cents under yesterday's top, the governmental authority said. Vealers and lambs were stationary at previous price levels with respective top prices of $11.50 and $10. Estimated salable receipts on the market were:. Hogs, 9000; cattle, 300; calves, 500, and sheep, 1500.

Top Re: igo Xp hi 246 “7.30 11,085 19 . 740 7.25 fers

7.40 8847]20 Barrows and Gilts Packing Sows Good and Good and cho ice Ch vis Pa 3 + 8.8 40- s 3 j20- Tao $ 6.35- 6.75 - 160. 6.50- 7.20 . ean 39 790 135 5 6.25- 6.45 7.18- 7.25 7.10- 7.20 8.90~ 7.15

a hter Pi 6.75- 6.9 Meh Band Good

ug and Good= . 5 5.50- 620 es. 230 0- 120.. 5.90- 6.35 UM 160- 200. @6.25- 7.00!

Slaughters Cattle & Vealers (Receipts 371)

Is peal? excluded) 3 Good... .$ 6.15 1.25 Eo pp eJ8- 128 Lo , 636% 700 AO 5.25- 6.25 5 Ve sglers A} Weighis— | choice ..$10.50-11.50

Common an medion. 3 33:24 £0 ull 8.00

St Chelice— En

750- 900. 8.00--9.50 L180. 7.75- 8.75 Of 750-3100. 6.50- 1.75

Heit (Recclolts AA s 'eeder. Stocke Riaers, Asters Calle, Steers 00- 800..8 9.00- 3 15 80 0 169 0.. 3 9.00- 9.50 9.00

Mixed 500- 750. 10.50-11.00 Good 500- 750. 9.25-10.50 Heifers Choice— aoa! 900. 10.25-11.50 < 750- 500. 9.25-10.50 $58.95% 900. 17.50- 9.25 Common-— 6.25- 7.00

500- "800.. 8.5 IMoqiama” 8.25- - 8.75 oa 1000.. 7.50- 8.25 Common— :

500- 9 Mg 50- 7.50

iu and, Medium 22% 50- 6.25 a Talvss Lsicers) 500 down § 9.75-11.00

8 6.30 7.00500 down. 8.50- 9.50 0- 00 down. 8.5 a. 5. 7 6.50 5 Calves (heifers) common. 4.75- 5.75 500 down. $9. 00-10. 00 Canner (low Mediu; cutter)... 8.75- 4.75| 500 "down. 8. 00- 9.00 SHEEP AND LAMBS (Receipts, 924)

m 500- 900.

od and cholic

G e $ 9.50-10.00 Medium and choice

8.00- 9. 33 Ewes (on shorn basis)

Common and, Medium...

OTHER LIVESTOCK

INCINNATI, Oct. 20 (U..P.).—Hogs— Salablo. 4000; unevenly lower; weights under 180 lbs., lower; weightier Pui! ers, 30 @45c lower: top, $7.25; 250-275 $6.90; 140-160 1lbs., $6.65 6.90; 100-140 Ibs,, $5.65 @86. 40: most Sood Pac acking sows, 0 6. Cattle—ga aiak 00; total, 600; calves, salable. 300; a slow; steers, scarce; ‘earlings and Reyer: uneven; merely good grass heifers, sas 75; bulk common an medium, [email protected]; 555° Shusage bulls, 6.73; bulk, 22 5066.5 Sheep—Salable, 00; "fairly "active: bg 80 good and choice trucked-in lambs, . $9@9 500 few choice, |a $9.75; common and medium, [email protected]; 2 eubs: $5.50 down; slaughter ewes, mainly

YNE, Ind., Oct. 20 (U. P.).— er; #20210 1bs.,

7.10; 8:60; $ 260

S., $6.75 oan: a $10.50@11. Lambs,

BS LIVESTOCK

ee eseipts, 5000; opened steady to weak with T. hursda; s average, closed oul; some late sales: Bhi lower; oop, husk good and choice 200-500, 1 el Tio 7.40; most 300-330 160-2 5 choice -450 1bs.,

1bs enerally $6. Sar al 370-350016, sows, $6. i, oo 33 [email protected]. Cattle—Receipts, 2000; calves, 300; very little beef in run; steers and So

phieleq a old ne eprinkine go ngs s predom a PE ng go Sigs” 010 50; 221 0; stockers

k choice light: yearlings, $9.5 young yearlings, in load £2.50 and feeders, steady at week’s advance, with clearance goed on all grades yvearlings $nd stock calves; cow market, a catoheas cateecan affair, Daily steady with week’s 25c¢ decline; Main]

inde, a

ver aes 85; Sl on firm fo Sausage of: foiines; vealers, Lily Ka 11.50, Hes tly $11 d Sheep- Receipts late Thursday fat lambs, high Sas other slaughter ge ses, to 15¢ up; feeders, steady; 5 butk, $9.50 down; west0; comebacks, $9.50; top ig ik, $3.5 [email protected]; an

wes, 7% on

_72| trade fat Jambs and Jeatlings, 25¢ higher;

sheep, vy; Wash ings on range mbs, 3 .85; poady $9. 30G0.85 best held io $9.59 90; peeing, [email protected]; native ewes,

LOCAL ISSUES

The following uotations by the Indian apolis Bond & Share orp. do sent acual Ee Re tos. indicate the appruximate ‘market ve based on buying and selling quotations of recent transactions. Bid Ask

i Wn €o sees 1 nt Sivdze ec Hh pfd..... oe d & Mich Ee g% id... nd Gen Serv

N Ind Pub Serv { Ind Pub Serv 1% ps TORress Laun Co ¢ 6% me % pid.

Pus Sry So C 1% So Ind. Soot A 48% sda Union Sie Terre, Haut Van Camp Milk Co » Bonds ameliean Loan 58 18% veives

Tel 4%s 1 be, Bs Sy 3s 3. Wayne T Fi Wane 6% 43. 10

a dpls Water 3% % fokomo Water uhneér Pack

(e} Bn Tel 4%% Richmond T Haute T Haute Water Wks 6% 49 ...102 Tract Term Cor *Ex-Dividend.

N FOOD PRICES | CHICAGO, Oc¢t. 20 (U. P.).— Michigan Jonathans, po 75¢ Potatoes—Tennessee, bu., SL 3 Tote Callens, rates. '$2.6 40@60c.

et 2! 38.

peas C3 1 on Market (50 Span nih. g 5@17

white. Minneso WS K2vze; Towa, Sweet ash.) 60c.

“THE INDIANAPOLIS

the week, hog prices at the Indian- said

d en supply

Week's Sales For Non-Hol

NEW YORK, Oct. 20 (U. P.) —Retail merchants this week experienced

in over two years, while wholesale market activity expanded sympathetically, Dun & Bradstreet, Inec.,

Areported today.

“Lower temperatures throughout the country: and general improvement in buying power were reflected in a sharp expansion in consumer purchases in almost all large shopping centers,” the trade authority

“Except for the weeks immediately preceding Christmas,” it continued, Dre period was the best from the point of view of sales volumes that merchants had had in over two years.

swing mainly in reorder volume. In some lines forward buying was noticeably brisker, in response to more rapid turnover of retail stocks.” Dun & Bradstreet estimated retail sales® for the country as a whole 9

their best non-holiday sales volume selling

“Wholesale markets felt the up-

at 2-Year Top iday Periods

to 15 per cent better than the 1938 week and called attention to the fact prices were about 2 per cent higher, while expenditures for promotions, as measured by newspaper advertising linage, were about 5 per cent larger. Sales of clothing and other seasonal merchandise registered the best upturn, some ie industrial centers reporting gains of as much as 30 per cent over the same week of 1938. Commenting on wholesale activity, Dun & Bradstreet declared these outlets were quick to reflect the more rapid retail turnover and that, while prices on the whole showed little change, adjustments in a few lines carried the average price level “mildly higher” in the week. “Wholesalers reported that the rush for rebuilding inventories seemed largely spent, but that advance buying power over a three to six-month period still continued in good volume,” the authority said.

LOCAL BUSINESS

T. W. A BUYS FIVE 4-MOTORED BOEINGS

A total of 59,411 private jobs Were

15 ceoured for unemployed persons in

Indiana during the first nine months of this year, more than the private placement total for any previous full year, according to J. Bradley Haight, acting director of the Indiana State Employment Service. : In addition, 3662 public placements were made by the service, Mr. Haight said. Of the total placed in private jobs, 26,095 were men and 33,316 were women. The number of new applications received by the agency declined in the period to 131,192 from the same period of last year when 231,033 were received, Mr. Haight said.

New Dairy Opens A new dairy company which will distribute milk packaged in sanitary, waxed cardboard containers has opened in Indianapolis at 1224 N. Capitol Ave. The new firm, called the Bridgman Dairy. Co., is headed by C. D. Bridgman, president and general manager, and occupies a story and

address.

Incorporations

& Ss. Transit, Whiting: gent, H. dress; 900 TI thoy DT value; common carrier; George O. Cowan, M.A. Mullen. M. M. Talley A-1 Lines Solvies, [ammend: t,

Ine., 30 State St, n Schnitzer, same adress; 1000 8 1ares Hithout par value; Ja. and laundry business; A. Schnitzer, ennington, M. ols Sain

Architectural oul, of Indiana. Inc., 209 Architects & § Bldg., Indiana Solis; agent, George Ra “Wright, same address; 00 shares of $20 par value: Slearing house and distributing agency for arc 1 Soha. frederick ; Wa Sot Seon Hig John R. Kelley, Frederic allic. Tr Gabel Wright, i. Carlton Smith, Tucnaia & C. Lennox. Wells Howard Co., Inc., Marion; smart £2 ment changing address to Van Bufen, Ind.

0: changing corporate name. to Dixon me. 18 Co., Inc., and other amendments.

J. R. Goetcheus Lumber Co., Inc. InSiang olis; amendment chang eige address to 723 § ‘Council St., Muncie, designating Roy Goetcheus (same address) as resident agent, reducing Sapieal stock lo 100 shares common of par value and changing number of directors to three.

Acme Paper Co., Inc. Indianapolis; amendment Phcreating capital pi to, 400 shares no par value.

Sangstéer Hotel, Inc., Frankfort; amendment changing address to Frances HoLeL Kokomo, appointing Arthur J. Mort (same address) as. resident agent, on increasing number of directors to four.

Three O Three (303) Club.. Inc.. 4424 iy Tatpingien, St ReeTel Sulomonhe romote in ne al oo Kb Tomlinson, Charles Brick-

ort Virgil H. Housel. State Supply, Inc., Spink Hotel Bla 233 McCrea St., Indianavolis; 3 ent, - liam K. Usher. same address; 100 Wd, n ne var Yalusi wholesale and Tetalling Pim tics, beauty supplies a De tare. a william XK. Usher, Daisy Usher, Maude L. Usher.

Icemen’s Club, Ine.. 523 Lemcke Bldg., Indianapolis; no capital stock; John A. Bruhn, . Burch Nunley, ‘Harlan B. Livenod.

800

CREDIT MEN ASSAIL INCREASING TAXES

NEW YORK, Oct. 20 (U. P.)— The capital position and credit stability of many ‘American corporations are endangered by the “increased tax burden” on business, the National Association of Credit men

declared today in reporting the findings of a survey just completed by its committee on taxation. The survey, conducted among a representative cross-section of the association’s 20,000 banking, wholesaling and manufacturing i found that a “serious situati developed in the Federal tax i ture and listed 15 specific recommendations for correcting th: existing “faults.”

{Mell valers Mutual

INLAND MARINE

INSURANCE at substantial savings

Ha. 3000

ER —.—_—~—~—.—_ i —.e.e.—

on Ei verything!.

‘Diamonds, ‘Watches, Autos, Cameras,

loiug Shutguag Ete.

a half structure at the Capitol Ave. 2 a

Milk purchased from Indiana Bela farmers and packaged by a new; $40,000 machine at the plant will be Bunks distributed at neighborhood groceries, .50| Mr. Bridgman said. ¢

Ine. 2207 Schrage Ave. & % hens, same ad-|g

Fri.) L | . GOOD TIME

Times Special KANSAS CITY, Mo, Oct. 20. —=Jack Frye, president of Transcontinental & Western Air, Ine, today announced purchase of five Boeing four-motored stratoliners, built to accommodate 33 passengers by day and 25 by night, The new ships are the first fourmotored equipment placed in American commercial transport service, Mr. Frye said: They are to be placed on regular flight service early in 1940. He said inauguration of fourmotored service is made necessary by increases in. airline trafic during the last year. The cruising speed of the new ships will be 200 miles per hour and maximum speed 240 miles per hour. Each ship will carry a ‘crew. of five.

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LOCAL PRODUCE

Heavy breed nans, 12¢; Leghorn hens, joe: Barred and White Rock springers, 212 Jb . and iy 11¢; colored springers, 2%; bs. and up, 10c; Leghorn Joroilers, 2 lbs. and over, 9c; old roosters, 7 No. 1 strict] 18c; (each full case must” gross; a net deduction of 15¢c yes Le fai case under 39 Ibs. will b Butter— 3. @ 1 29%¢; buttertat-—No. c; No. (Prices quoted w Wadley Co.)

Re : At mealtime Leok for this jn of a

tua | ann | ARE | Soi

fresh couniry.run eggs. |

“ON THE

©. TONIGHT 6:30—Professor Quiz, WFBM. 7:00—Grantland Rice, WIRE. 7:00—~Kate Smith, WFBM. 8:00—-Johnny Presents, WFBM. 9:00—~Guy Lombardo, WIRE.

His Eminence Cardinal FumasoniBiondi, Prefect of the Sacred Congregation of Propaganda and former Apostolic. Delegate to the United States, will broadcast from the Vatican at noon tomorrow, NBCWCFL. He will speak in observance of Mission Sunday. The Propaganda Fides Choir, composed of 100: young men from all over the world, also ‘will be heard. + ® 8 2

Yella Pessl and her best pupil,{" Teddy Wilson, will do one serious number on the Young Man With a Band program at 9:30 o'clock tonight, CBS-WFBM. It will be Bach’s_ Concerto for Two Harpsichords.’ Mr. Wilson's band will jam on qut with “Limehouse Blues.”

8.8 8 .

“The Indiana-~Illinois football game will be broadeast at 1:45 p.'m. tomorrow, CBS-WFBM. . . . The NavyNotre Dame contest will be heard at 1, NBC-WIRE.:... . WIBC carries the Purdue-Michigan game at 1:45. .. . WMAQ will have the HarvardPenn game, with Ben Grauer and WENR will take the last half of the 2 8 F J

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The Dead End Kids take over the

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