Indianapolis Times, Indianapolis, Marion County, 5 October 1940 — Page 9

—=

THE INDIANAPOLIS TIMES _—— eal PAGE 9

FINAL NEW York STOCKS [STOCKS CLIMB | Green Named - WAR TOUGH ON poms 13 esas IRREGULARLY BULGING PURSES IN DULL TRADE OF CANADIANS

30 INDUSTRIALS Bonds ‘Dividends and Wages Up,

TURDAY, OCT. 5, 1940 -

USINESS

If Japan Retaliates for Embargo, U. S.

Will Need South America’s Raw Materials By ROGER BUDROW BUSINESS HAS A HUGE STAKE in the

—A—

High Abbott Lab .... 57 Adams EXp .... 5% Adams-Mil ..... Air Reduc Allegh Corp . Allegh Coip pp pf 1 Alleg pf $30 ww Bi Allegh Cp pf xw 10's Allezh Lud Stl . 22% Allied Chem ...165 Allied Stores ... °s Allis-Chal 35

Net

High change

54 Vy 4 Va 117s ¥ ~ 3 63 J;

38 33% Va 243,

Net Close change 57 558 213, 42

ow L Postal T nf ... Press Stl C_.... Procter & G .. Pub Serv ;..... Pullman ...... Pure Pure O 5 bf Purity Bak eves 11

Today ... vieseses 133.90 Yesterday siccccesscscersese 133.79 Week AD ,uceeacrassesonses 132.32 Month AO wieeeersassasseas 132.78 Year Ago . 149.60 High (1940), 152.80; Low, 111.84. High (1939), 155.92; Low, 121.44. 20 RAILROADS 29.20

+0.11 —1.30 0.56 —0.34 —1.01

German Industrial

AMERICAN

Berlin-Rome-Tokyo alliance,

the port

-according to Business Week. If Washington attempts to hold Japan in line by extending present limited embargo to cover more or all of our ex- am s to Nippon, it will mean cutting off our third biggest

Amerada Am Airlines ... Am Cable & Rad Am Car & Fdry 28 © Am Chain & C. 21 Crys Sug .. 9 Am&FPwr $6 pf 13

46 39 13

29.17 28.40 29.71 33.64

Yesterday Week AZ0 .....cec00000000es Month Ago ......... | Year Ago High (1910), 32.67; High (1939). 35.90:

tessescssssenee

Rayonier pf Reis 1 pf Rem Rand Reo Mot vic .. Republic Stl ... Republic Stl pf. Revere 17 ye

Leaders Lag. NEW YORK, Oct.

Strong in Mixed List;

5 (U. P)—

But Heavy Taxes Take Greater Share.

This is the fourth of several

Am&FPwr $7 pf 16 Am-Haw SS ... 34Y Am Am Am Am

dispatches based on a tour of Canadian military and naval centers and on interviews with numerous Canadian officers and experts.

15 UTILITIES Stocks made an irregular advance

in dull trading today. Special is-| sues strengthened, while recognized leaders lagged. Bonds were mixed with German! industrials strong. A spurt in wheat! featured commodities. Cotton futures firmed. Woodward Iron rose to a new ,|high at 30% up 1%s, when the com- , | pany reported for the first nine Imonths of 1940 a net profit of $1,383.611, equal to $4.52 a share, against $387,848 or $1.43 a share in the 2939 period. New highs for the year also were made by Budd Manufacturing preferred at 58!2, up 112. Market Street bl . = ’®|Railway prior preferred at 10, up Studebaker evn 8 8 8 «... 115, and Mullings Manufacturing Superior Gil ; 20 lipreferred at 42, up 1.| Century Swift & Co ... Ribbon preferred jumped 5 points, mG we. to 95. American Waterworks preferred gained 3'2; J. I. Case preferred 2; Thompson Starrett preferred 23, Crucible Steel preferred 215 points, and Wesson Oil preferred 5 points. Leading steels were easier. Motors were steady. Minor gains and losses balanced in rails and aircrafts. Mercantile issues were frac-

5 . 35% 8 . 13% — Safeway 5 > «197 106'2 St Jos Lea «es 36Ys 36)4 v 3 29'2

Savage : Schehley Dist ~. 10 10 , Pap 4134 1h

Scot la «82 81% . 1133 113g 834 834 1712 . 17% 11} 8's 19% "12% 2] a 94

customer at a time when this country has alre ady lost practically all of its continental European markets, the magazine ' yy says. Am Rad Nill ” A k But, on the other hand, if Japan decides the time isa Safe Razor. ripe to push its conquests into the tin, rubber and tropical S goods ‘empires to the south, it means the U. S. must make|; up its mind mn a hurry whether, because of its own com- 3

mericial interests, it will defend these rich supply sources. Even before the end of the winter |

it ‘may be necessary for us to shift j from the Orient | : KER PRICES to. Latin Amer- : - ica for our trop- RE UNCHANGED

ical supplies, the authority states. Top Remains at $6.60 Paid For 230 to 240-Pound

Yesterday ,.. Week AZO ,...cc000000000i00 s | Month Ago cersertrcsnennese 72] Year “Ago * High (1940); High (1939),

i i 8 Rustless I & St. 13's

sess sssnsenge

614 By LEE G. MILLER

Times Special Writer WASHINGTON, Oct. 5.—The war is striking hammer blows at Canadian pocketbooks. But at the same time many Canadians are enjoying an unaccustomed prosperity. It is estimated, for instance, that dividends to be paid by Canadian corporations this month will be the highest in history, about 77 per cent greater than in October, 1939. Much of that money will ke drained from the shareholders, however, by increased taxes. Skilled workmen, although subject to various new taxes, nevertheless in many cases have more to | spend than before the war. :

Taxes Highest in History

Today Canada has the highest taxes in her history. The Dominion income taxes have been’ increased, By Monday . and in addition all but two of the : provinces, and even a few of the In 1901 the “office’ of the Na-| cities, have income taxes of their tional Retail Hardware Association ' own, was a desk stuck away in the back| These pile up in such a way that, hardware . store.

18.03. Jil.

26.45; Low, 27.10; Low, 20

15 MOST ACTIVE STOCKS

Sales Net (in 100s) High Low Close Change s 4 {Thompson St. 98 I's 13% 1% Socony- Vacuum’ & i 3 7 3 . ran Am Aly. ot 1424 16% ; Boots GreVarL. U S Steel ... 60 - 3934 1So Cal Ed Gen Mot 495g 495% E Air Lines. 35 3134 Graham Pge Ss 5s Radio Corp, . + 5 5 Un Air Lines 183s 18 N XY Cent... 15 13 Pullman 2434 2434 Am Mach&M | 234 234 Loft Inc 205s 2038 4 Crucible Stl. 313% 343% Col G&Elec |. 5's 538 T & W Air. 19's 19

Smelt Smelt 7 pf. 1452 Stl Fdies ..

William E. Green is the new traveling freight agent here “for the Wabash Railway, succeeding C. E. Alwes who was promoted to general agent, in charge of the Indianapolis freight office.

HARDWARE AIDS LEASE OFFICES

New Quarters in Architects Building to Be Ready

17 . 8'4

157% 593s 493% 312 3% 434 1334 14% 24g 2s 2038 33% 53s 18%

4 5 1

Woolen pf. : Anaconda 2

22 - 413%,

No»

Stock sales were 200,000 shares against 200,000 in the short session © |last Saturday. Curb stock turnover | Ya , was. 38,000 shares compared with | EA +! 30,000 a week ago. 8

Bald Loco ct .. Balt & Otio

Bangor & A Barber Asph Barnsdall Beld Hem | .... Belg Rys pf ... Bendix Avn.... Beth Stl

wn -

a WORLD

Tenn Corp eXas Jord, hatcher

Roger Budrow

a3 - - a > n°

Net change 3a 93 8 <a 34 423g 8 Se 1a 27 on 7; 1%

- Jal High “1 Monsanto - 3g; Mont Ward |.... .... | Mor & Ess ia Moto

’ FREER EE a

Na Xen

8 1s 14

NF aR

ri-Con 20th Cent Fox.

Ind.,

Already the TU. S. (through Export = Import Bank loans) is looking toward South America for supplies. Plans are be-| Hogs Here. ginning to take shape to bull Prices paid farmers for their hogs | urgently neede at Indianapolis stockyards today | s of hides, nitrate { Beth 8 I Latin America; | Were the same as those paid yester- | | Boeing © iy negotiations are nearly completed (day, .the Agricultural Marketing | |Bon Ami 8. for building a tin smelter in this geyyice reported. Bong Stores. s country to handle Bolivian ore, and Borg-Warner .. travel rates to South America are being cut. A big deal to take Lome of Brazil's surplus coffee is under way. Rio de Janeiro has been loaned 20 million dollars to start a steel industry. And Costa Rica’s $4,600,000 loan will be used almost entirely for building a highway between Panama's northem border and San Jose, Costa ‘Rican capital. 2 8 ” IN QICK SUCCESSICN three big corporations today revealed plans to become bigger. : Westinghouse will spend 972 milion to expand its Lester, Pa., steam division works to assure prompt dejivery of turbines for 45 U. S. Navy warships (battleships, airplane carriers, cruisers and destroyers). The

plant now has 64': orders on the books.

Westinghouse |

also will spend $500.000 at Cleveland | 110

to increase emergency and time production facilities lighting division. Grumman Aircraft at Bethpage, {.. I. will triple its capacity with a $2.100,000 plant to be ready in three months. Like the Allison factory here, it will be a “blackout” plant without a single window so that no light ever will be visible at night. General Electric will spend more than half a million for manufacturing radio transmitters at Schnectady, N, VY,

of its]

” # 2 ODDS AND ENDS: Approximately 40 per cent| of the cotton, crop has been picked while 60 per cent is open. It’s about two weeks late.

this September over a year ago. . The suit to prevent Crucible Steel | Corp. merger with [its subsidiary, Pittsburgh Crucible Steel, was dismissed today. Alaska is one of the easiest of all markets to- sell, because the people are optimistic | about business, according to Theo. | C. Wiehe, president of Schenley International Corp. . . . Retail sales by independent stores in Indiana vere 157, higher this August than last August, the Commerce Depart- | ment reported today. . .. The n- |: ternational Petroleum Co. spent. more than 50 million dollars in de- | veloping a South American oil field | (for building roads, railroad, hous- | ing, medical facilities, hiring labor), {F

seaboard. . . . Bell Telephone now | y has 17,181,000 telephones in use, an all-time record. . . .| Brazilian-Ar- . gentine tragle talks were understood today to have struck|a minor snag because Argentina lis anxious to protect its wheat exports to Brazil. + « «+ Wall Street heard today that the Army, Defense Gommission and | Bureau of Roads will {soon come out!

Brazil fo Tax Coal Imports ::

RIO DE JANEIRO, Oct. 5 (U.P). —A new import tax jon foreign coal and other combustibles was announced by President Getulio Vargas today in a decree aimed at protecting ‘the Brazilian coal industry. The tariff is expected to bring in about 200.000 contos (about $10,000,000) which will be used to finance coal mining operations here,

BUSINESS AT A GLANCE

By UNITED PRESS

Canadian Carloadings for the] week ended Sept. 28 totaled 61 342! vs. 63,422 previous Yoek and 68,882 year ago. Federal Reserve Noud estimates week ended Sept. 28 country-wide department store sales unchanged from year ago vs. gain of 10 per cent from year ago in the preyious week.

Chicago, Indianapolis Louisville Ry. Co. Eight months ended Aug. 31 net loss $280, i vs. $1,261,150 year ago. Oklahoma Natur 1 Gas Co. 12 months ended Aug, 31 net income $2,612,744 equal to $3.71 a common share vs. $1,54,869 or $2.09 previous year. -°

DIVIDEN YDS.

Sharp & Dohme, Inc. Regular quarterly 872 cents on preference serious “A” payable Nov. 1 record Oct. 18.

White Sewing Machine Corp. 50 cents on prior preference, payable | Nov. 1 record Oct..39. Payment of the dividend will be held up until final favorable disposition of the suit brought against the corporation in the Court of Chancery in Dela-

{ 900- 1300. 11300-1500. million dollars in | Good/

peace- | yfedium - re Tn

1 100- 1300. Common—

Cho

Mediiim . .

Good and choice ! Medium and good

. + « Indianapolis postoffice Common receipts jumped $14,566 (to $372,787) | 5o0q and choice

spe and medium ..

‘CHICAGO LIVESTOCK

| For the week—Prices were up 5 to 10 cents; underwejght hogs ran a littie more freely

and these shoats were again penalized comparison

1 ria before a single harrel of oil “reached |

30.997 $4.85] for a multi-million dollar highway | R

$3w 9,

The top was 20. 60 for good and | Bower R B choice 230 to 240-pounders. |The BIS C2 <-- Marketing Service

NO NNONDOONDO-r-N=1 a

INDO CO NID td OLS on

reported 400 | Brings Wig Cor salable cattle were shipped here to- | Bt T sl

yn-M 241; day, 50 calves, 2000 hogs and 800 Bklyn U_ Gas. sheep.

FERRO CO et RI CN bt id OOLI DORANN=NNRVONTODNOrr=tI~1

AS AED et COR pd PO UN ht pd OO LI

1674 Bucyrus-Erie . Bucyrus-E 7 pt. 10813 Budd Mig Budd Mig pf. Top Repts. Ruliotd wi 259 ulova 3 on 10. 3 | Burroughs 8 6.60 3004 | Bush TB pf ctf 1312 —C—

— D BARODA NNR ONOONO--N-T10ON

BNNN SN

wn woo 4

Repts. Oct. 913! 3...

Sept. Top

30 ...8 6.45 Oct. { 1... 6.45 9358 2 J... 6.50 8356] Barrows. and Giny 5 40.3 4.7 51

Dd eee

1 Packing ... 6.40 | Callahan_Zinc 3 1 300- 330.. 625- 6.35] Canada AR . nant ag o | Pagific ... 6.95 8.30 a €.13- 6. 30 Carpenter Stl 6.40- 6.55 360- 400. . 6.25 pL. £.55- 6.651 4.00- 450. . 6. oo | Caternilian T.. 4 50- 6.60) 450- 500.. 5.85 | 6.55 Medium — 6.50 250- 500 . 5.006.40] Stauhier Ries, | 90- 120.. 4.505.35- 6.25] |

Cattle & Vealers (Receipts, 400)

Packing Sews 270- 300.% 6.30-

® x2 NN

PI r= lO

a et DLO NII D1 DON ~ LI

Lon:

5.805.175- Celotex ... Celotex pf J. Cent Foundry | Cent 111 Lt 5 Cent Rib pf .. Cerro de Pasco ertan- td 6prpnf Ches Bulls Ches 2.78 (Yearlings excluded) onl 00 Good ....$ iy 5 In oh is 00 Sausage. 300 7 Medium, . 5.75- 543 chiRisp 7 Cutter and Chrysler common Ve

EEE

330. 5.15 | . 360. Medium— 160- 180.

Slaughter

Choige— 750-900

® TF aN

bo: COI Pn LOLID -

5.25- 5.75! alers Good and choice... 19.00-11.50

00 Common and 25! medium

900. 300- 1100. 0-1300. 300-1500

0- 0. 750-110 “00: 10. ao]

750-1100. 6.25- 1 Steers, Heifers hh oice Choice— 500- 750. 11.00-12.00 5 00- 800, Good— | 800-1030. 500- 750. 9.75-11.00 Good) \ Hh00- 500. Heifers 500-1 050. Medium-— 11.00-11.75 500-1000. 6.25- T.

Com 10.00-11.00 00- L alves (steers) | Cons

1 hha .75-10.00 Good and choicé— | Cons Coal vie . 500 down 6.00-11.00 | Consum Pw pf . 5.50~ 7.75 Medium — Container ws | 500- 900 8.00- 9.00 { Cont Bak . 6.25- 7.50 300 down 8.25-10.00| Cont Ins ....... 5.50- 6.25! Calves (heifers) Cont Motor

Good— Cont Oil Del ... 4.50- 5.50' 500 down 7.25- 8.25

Cont Sieel 3.75- 4.50 Medium-— Copweld Steel .. 500 down 7.50- 8.75] 5

Corn Prod SHEEP AND LAMBS (Receipts, S00)

Cholée— 750-900. Good— 900-1100. 250-180 a

8.256.00 7.2

Geos 500 [J

Cutter gnd common |Canner ..

Coty | Cotv Inter {Crane Co |... Crown Zeller Crucible St Crucible pf Cub-Am Sug Cuneo Press ... Curtis Pub Curtiss-W

50 © Ewes (wooled)

3. 2.

Davega cu vf.. Davison Chem. Dvin P&Lcu pf.l Deere D Lac Dev & Dist Sea Dist Seng Eww 7 Douglas Airc... 78% 8. i Row Shem — no: Du ont, | ..... ] di Du Pont pf... 1243 .| Dow Chem rt wi

400: not enough on sale] all quotations nominal; 230-250-1b. weights.

Hogs—Receipts, | to make a market; top quotable, $6.65 on

RINT — BO a

» & R £

mB Dg | Toa

top was $6.70 for medium weight butchers

NONCAY NON

~ 120 aT Tid ib

LA TNNW DARIO DD]

200-250+1b. 200; calves steady For the week—Fe yearlings gzained 25750 cents receipts were the smallest since July: rime steers topped at $13.90 with best] East Air Lines.. ight steers at $13.50 and vearlings, $13.25. | Eaton Mfg .... steers predominated in the run; stockers| Elec Auto-L land feeders active and 25 cents “higher: I: Boar Lt fed heifers gained’ 25 cents, topping at ec wr & 811.55: grass heifers and cows .25 cents| El Pw & L 87 pf lower: heavy sausage bulls topped at $7. | E Paso Nat Guys vealers lost 81, closing $11 down. Eng Pub 3. ntan-Rezeinis, none, gomi nally it ! the week—Lambs gaine 25 0 5 fed lambs sold vp ta $9.50, puke | Evans Prod 9.25% 9.40: feeder lambs scarce, demand rong. vearling_ wethers closed steady, | Fair Mors week/s best, $8.25: light Western ewes up| Fed Dep St. . to $4.40. | Fid Phen | Eligiinte J cv

OTHER LIVESTOCK EE

“FT, WAYNE. Ind. Oct. 5 (U. P.).—Hogs|Gair Roht — Steady: 220-240 lbs. § 220 lbs., | Gamewell Co .. | $6.30" 183-200 Ibs. $6.10; $5.90: | Cen Am Tn 240-260 lbs. $6.30: 260-28 Bax 1 300 lps.. $6.20; 300-3 Electric 1bs.. $6.10; 350-400 Ibs. 1 . ; Foods ... S 5; 140-150 lbs., $5.10; 130- Soy Mills pf 120-130 lbs., $4.60; 100-120 lbs., Motors $5; _stags, $3.75; calves, - $12; R&U $9. Refract .. Stl C pf .. Gen Tel .. Gillette S R .. Gillette S $5 pf Gimbel Bros ... Glidden Goodrich Goodyear Goodyear. pf Goth -H pf Gr aham- P

with avera

~- Receipts,

ft kk

t3-

Cattle nominally steers and

LAs Im0L >a aaa

LL WL A OUI UTS DL ww ® aaa

rie

yl EE aa

06 3234

Bs - oS a OG Nobo DA

$6.05: 15

—- NBN NAW —

OOMHIINDHO 182 ABR bY

DOIN ND-1t

GD o—

BRR ® BONAR NN DN

oughs, ambs,

LAFAYETTE. Ind.. Oct. 5 (U. | market 25 to: 30 cents higher: 60, 250 Tos $5.75( 6.201 200-260 lbs., $6. 3046.65; 260325 |lbs., $6.15 6.35:

pigs, $5.25 down; roughs, $6 down; calves,

$10@ 11; lambs, FOOD PRICES

CHICAGO. Oct. 5 (U. P.).—Peaches— Michigan Elbertas, bushel, $141.25. Apples —-Michigan Mackintosh, bushel. no sales. Cele. —~Michigan, crates, 354 €0c. Toma=0es—- California. lugs, 5. Spinach Hingis. bushel. “auliower—Colocrates Farroisg New

crates, . $2.25 3.7¢ notatoes—= Tens Onion market “Sweet Spanish, §1

dort mt tO

Cobbs R he ®NNNN®N w DNS ~1-1 ww

so © ® a Ge lm

ND NWD~T=T

[= I'S

JW — 8

C0 wT hd bod pb Neo J ht won [ES de WNT a

it North pf’ Gt W Sug. Grevh Cp . Guant S pf Gulf M &

==; RENN ADI NWO~T-T

F400 DPN UT wo x SNe

Pd bk fd [5 fot ed == ORO U Fk fk bd DD hd pd eh pk ed 03 fd bd

| = I

Mexico. Harb-Walk Hat Corp Maves Mfg .... Hazel At GI ... Hecker Prod .-. Holland Furn . Hollandr & Son

bushel, sacks)

i Sek ig (50-1b, @ 1.07.

H-

® NC

Idaho

Transit Head

=1 — I=1

oy LI~TRID TRIO WHS =" ue WW CO-TLIMN TRIO LID ~T23 A re ® A BN

I Central]. Ind Rayon . Inger Rand pf.. Inspiratn Cop Interchem Interlake Ir .. int H Int Int Int Int P & P Int Int

— N= nn —- a "TD ®

> OP ~I-I1NVDHOOOUI

1315

Jarvis Co |..... 13'a f ...125% 125'2

Johns-M pf

Kalama S&F .. Kelsey-Hayes A Kennecott Kresge SS . Kroger G & B

12 151% 303 255g 32% —_L— Lambert 125g Lee Rub cee. 25 Leh Val RR.

Lima Loco Lion Oil Ref. 10 Lockheed Aircft 291% Loew's 261% Loft, : . 2058 Lone Star Cem. 37 ong Bell, A. 338 orillard 21 Lou & Nash.... 59 —_M—

A. J. Boardman, superintendent of the Terre Haute, Indianapolis’ & Eastern Traction Co. from 1910 - to 1917, was elected president of the American Transit Association last week, Mr. Boardman is now vice president and general manager of the Eastern Massachusetts Street Railway Co. with headquarters in Boston. The association is a national organization of street railway and bus

| Mack Tr

Mar St Ay pr “pf | Marshall ‘Fld .. | Martin (Glenn) Martin Parry .. Mathieson McGraw El .. McGraw Hill .. McIntyre Porc . McKess & Roh. 5 McKess&Rob pf Melville Sh . 2 Mengel 1zt pf.. Miami Cob ... Midcnt Pet Midland Stl 36 36 Midland Stl pf 11814 uss Minn-Moline .. 3% Sa . 45% 45

ware,

—cmmhew

inn-Mol pf companies, Te No- K Tex pt. 2% 2%

aa Nt

- 1 15) Otis Elev

CORN UP HALF GENT "| WHEAT PRICES RISE

CHICAGO, Oct. 5 (U. P.).—Good }4| demand developed today for light {offerings and wheat prices turned 4

toy

wl sharply

15. | Ohio Oil 5a

3 |

{ Whi +| Mullins Mfg B. 121 Mullins pf}... 8 Murray

‘a 34 4212 Ta —N—

Nosh: Kely bode YL N : ids 1

1 103 1314 3 2212 9

Aviation. .. Biscuit, ... L-Dairy lq. Dept St... Distillers. . , Gypsum |. Gypsum pf

pf’

Sup oh Nat Sun 6 nf.. at Sup ) 8 2or ra

rad

Omnibus | Omnibus

0 ©5135:

» x»

| Otis Steel

2 sr afm) AN ADE RDN AT [CT -

DIC ra 30 D=T —

be DG ERR SLU EE VIF

oo QUI -TNLWLIDO me OD =]

6! Yellow Tr .....

higher Trade. | upturn. Wheat closed 7s to 11% Ens December 823;@82'; cents. | ‘Corn was up '2 to | ber 587%: @58': 14 to 12 cent, December 32% "| rye was 2 to ol gontber 4514 cents. zs to '4 cent higher, December 72% nt

cents;

RANGE Wheal— Low December May ...

July Corn— | December ... May

December rte Ma

December rhe Ma

Soy Beans-— October December May Lard— October . December ..,. 4.80 January ...i. 4.92 March ) 2a May . 6.20

4.80 4.95 6.20

4.70 4.82 6.17 CASH Wheat—No. 3 hard, 83%4c: 80%4c. Corn—No. 1 vellow, 2 yellow, 64'2@65'2c. No. nominal; sample, 64lsc. , 34c.| No. 2 white, 33%zc: 3 white, heavy, 33'2c!: 33c. No. 1 mixed. heavy. white, heavv. 30'zc. Beans—No sales. nominal: malting, 48@63c pominat othyseed, $3.65; alsike, $9@11: fancy top, 3%7.80@ 8: red clover, $3710. Provisions—Cash lard, $4.87 nominal; 84.77 bid; leaf, $4.77 bid: nominal.

LOCAL GRAIN

CABH Wheat—Strong: receipts, 2 carloads; red, 79@80c: No. 2 red, 78@'9c: N hard, 77@%78¢c; No. 2 hard. 76@"7c. Corn—Strong; receipts, 51 carloads: 2 vellow. 59'2@60c: No. 3 yellow. 59c¢: white corn. 8@10c over vellow; corn, 1@2'>¢ under yellow. Oats—Strong: receipts, 4 carloads: | 2 white, 30'4@31%4c; . No. } 3014cC,

LOCAL PRODUCE |!

Heavv breed hens. 12c: 11c: Leghorn hens. Sc: hens. 8c:

333%c; Rve-—No sales.

sow bellies.

ers. 12c; springers. 9¢: old roosters, ana Grade A medium eggs, 20c; Grade A eggs, 13¢: No 16¢. Butter—No. 1 Som 361c: No. 2, 28@ ) 28¢. Butterfat—No. 25c: No. 4c. (Country Pickin prices quoted by the

Government Bonds

U. S. GOVERNMENT BONDS High Low 5 | 31as 1949-468 .......... 278s 1960-55 #318 1959-56 ..., Jee.) 2345 1965- 60°

rae oe ud

mere cee eel een

rates C

Rates saesane $1.04

on major able

Sweden krona Japan yen ...... ' Mexico esevssseersneny

ab 1 | Wabash nf A. 2 2 | Warren Bri...

a |

on the Board of Other grains followed the

cents |

53 cent, Decemtents: oats were up

3% cent higher, DeSoy beans were,

sample hard, 6334 651%¢; vellow, Oats— No. No. 4 white, heavy. sample

Sov Barlev—Feed, 35@47c Timred + Cash loose. $9

No. 0. 1

No. 58l>@ mixed

No. 3 white, 29%4@

bareback hens, bareback Leghorn Barred and White Rock springers. 13c: other colored heavy breed springLeghorn springers, llc; bareback

6c. Indiana Grade A large eggs. 24c: Indismall

Close 111 28

107.24

FOREIGN EXCHANGE

5 (U. P.).—Following i la e

Union B &

P.. Union Carb ... 75

We WWW ND abhsdddhsd

-a NR

1) DD rt mt BB UT TD TEI EI

dita ay

Univ Cvelps Stl

Vadsco Sales... Vanadium | ... Va-Caro Ch

=i 16

Va 2 | War ner Bros

8. Wes oil & 3 o 65 ~Y Pa

Westing El RE Weston El In .. Westvaco 5 pf.. 7? Wheel

White Sew M. 5 Willys Overlnd. 2's Willys Overl’d pf 414 Wilson & Co. . 455 Woodward Iron 3038 Woolworth aga Worthington ... 2114 Wor’'ng cv pr pf 587:

dla 2015

A Va Yale & T 15 .116 . 3434 19%

Yellow T pf... Young Sheet

Young Stl Dr. 1915

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not represent actual price offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions.

Stocks

Agents Finance Corp com.... Belt: RR & Stk Yds com... Belt RR & Stk Yds pfd 5s.. 54 Central Ind Pow 77, pid.%.. 81% Hook Drug Inc com 14 Home T&T Ft Wayne 7°, pfd 50 Ind Asso Tel Co $6 pfd ..107 Ind & Mch Elec 7%, pfd..10¢ Ind Gen Serv 67% di... 108 pid.... 8 26

Bid 7% 52

p Ind Hydro Elec 7% Indpls Gas Indpis P&L *Indpls P&L *Indpls P&L Indpls Water 5% wh Lincoln Nat Life ‘com. . N Ind Pub Serv 512% pfd.. N Ind Pub Serv 6% pfd = 0105 N Ind Pub Serv 7% npfd.. Progress Laundrv com . 14 Pub Serv Co of Ind 6% pid. . Pub Serv Co of Ind 7% pid. Ae So Ind G&E 48% pfd ..... Terre Haute Elec 69 pid. . Union Title Co com Van Camp Milk pfd Van Camp Milk com. *Ex-dividend.

112% 301% 101% : 126% 15% 48 94 103 101

terse

Bonds

American Loan 5s 51. American Loan 5s Citizens Ind Tel 414 103 ED a stl 5s 42 97 Home T&T Ft Wayne 5'%s..102 Home T&T Ft Wayne 6s i. 102, Ind Assoc Tel e o V28 50.5 Indpls P&I. 31} Indpls Rohwer, op 5s 6 Indpls Water Co 32s 66. Re T&T 515s 53 198 Kokomo Water Works 5s 53.1004 Kuhner Packing Co 42s 59. 100 Morris 5&10 Stores 5s 50°...100 Muncie Water Joris 5s 65..104% Jat Silk Hosiery 5s 4 7 N Ind Pub Serv 3%s 69 N Ind Tel 4'%s Pub Serv Co of %na 4s 69... Pub Tel Cb 42s .100 Richmond Water Wks 5s 57. -1042 Trac Term Corp 5s 57 3,

Chicago Stocks

Close 31%

6's

Low

Advance Alum Athev Tr Whi Bendix Aviat Cent S Cent Chicago orp Chicago Corp cv of. Chrysler . Cities Service . Comwlth Edison Consol Qil . Electric Househol Elgin Nat .. ve Four Whi Drv. aisles ’ Gen andy A ieee. Gen. Moto Gt Lakes ® Dredge Heilman Brew Ill Cent RR - Iron Fireman Kingsbury Br Lindsay Light . Marshall Field Mid

No'west Bancp Press Stl Car Qaker Oats . Bofling Hos Spiegel Stan Oil Ind. Stewart-War Sunstrd Men Swift & Co... Swift Intl .

js S. STATEMENT

WASHINGTON, Oct. 5 (U. P.).—Government expenses and receipts for the current fiscal year through Oct compared with a year ago:

This Year Last Year

16,958, 1282.983.60

6.392.765.76 Gold Res. 21,276.39 91'993.658.13

Customs .. 74,573,771.52

INDIANAPOLIS CLEARING HOUSE

WAGON WHEAT Indianapolis grain elevators are paying for No. 1 wheat, 177c; t to market change; other grades on their merits. Cash No. yellow shelled, 59¢; No. . white shelled, ic No, 4 white oats, iter

a, | Int ePtrol

tionally

Air Invest Am Cyan Am Gas & E ...

? | Am Super

Braz T L&P Breeze Corp ... Brewster -Aero.. Brown Co pf... Buff NEP pf... Callite- Tung ... Cities Serv .... Cities Serv pf .. le C E Ball.. C R & Stl Fdy. | Decca Rec Inc . {Divco Twn Tr

BINS =

o=1 UN =IDW NED EDL Nan : Av 1 .

— a Ul. aN DAR a

wn >

In a -1n @

@ -

|E | Fairchild BE & A Bt | Ford Can eae 32 | Glen Alden

AID WNL = IDI = A DWDM BIN 0) . DNB RNP A

{Jacobs Co Jones & Lgh stl

sk UY a

na ® a 0 NRE

Star La L&BEx .... Molybdenum .. City Copp. . Shipbldg : H . | ‘St bn A Dontepet o Ven { Pennroad Penn Cent Air Pitts :

| Puget So 5 Bie. Puget So 6 nf. Republic Avn. ! St Regis Paper 2% Segal Lock .. Sina Mig ...102 Std P & L 3-16 Sunray Oil 1% Taggart Co... 3} Un - Airc. Pd 93 Un Un i Un Lt & Pwr A Un Shoe Un Wall Paper Utah Idaho Sug Venezuelan Pet

Lone

— rhe py FERRE ES Cy Lo ~ Pan oo a

DDO WDD POL TH % 5 w

bth NUOPDW-IP ON =~ aD

GIRO tt NOL dD Ana ma Wn mw R a

—_—

ARB NNDB RH DRX

— —

GU pe Ot

wo =D = OW NN

None

improved on anticipation of further gains in retail trade.

Curb Stocks

. Close Change

Net

1 1

hkl last year, the Association of Amer- |

1-1

Zit

of’ an Argos, * The “staff” consisted of the parttime attention of M. L. Corey, the hardware dealer, who served as the organization's secretary. Today the association leased 5000 square feet of floor spase on the third floor of the Architects & Builders Building through Klein & Kuhn, Inc. The organization has been here since 1924. Rivers Peterson, managing di- | rector, said the new quarters were necessary because of “the tremendous :iscrease in our service to the 36 state and sectional asSociations which are affiliated with us.” The new offices will be ready by Monday. Extensive alterations have been in progress for 60 days. The modernized offices include secretary and director's rooms of walnut paneling with glass block inserts, nine offices for the executive staff and a suite for the use of the | association members, ment and facilities also were installed for production and distribution of the “Hardware Retailers” the industry's publication for 20,~ 000 hardware men. George W. Green of Long Beach, | Cal., association president, will inspect the offices within the next two Wools

RAILROAD ) INCOME GAINS OVER | 1939

Class One railroads had a combined a net operating income during August 210of $66,014,798, compared with $54,12 567. 356 in the] corresponding month |

ican Railroads reported today. Net operating income in the first eight months this year aggregated $366,567,827 for the 133 | carriers, leavers in the report contrasted with $269,187,186 in the correspond- ¢ ing 1939 period.

8 6 8

New equip- | i

WASHINGTON, Oct. 5 (U. P.).—

theoretically, $500,000-a-year man in Saskatchewan or Alberta would actually pay more than $500,000 in taxes. Actually,!it is said there are no incomes of such size in those provinces, but ‘in any event the high-bracket incomes are hard hit. Besides income tax, there is a special national-defense tax of 2 per cent of fotal income on married persons whose income exceeds $1200, of 2 percent on single persons with incomes of $600 to $1200, and 3 per cent on single persons with incomes above $1200. Special Taxes Added Then there are such .items as these: War exchange tax—a. flat 10 per cent on all imports from non-Em-pire countries. Sales tax on new cars—10 per cent on the first $700, 20 per cent on | the next $200. 40 per cent on the next $300. and 80 per cent on everything above that. Excess-profits tax—75 per cent of all increased profits over those in a base period, or 12 per cent of total { profits (whichever is greater). Since the ordinary corporation income tax is 18 per cent, this makes a minimum tax on ‘corporation profits of 30 per cent. There are special taxes on radios, cameras and phonographs, and increased taxes on tobacco, tires and tubes. (The tax on cigarets is now about 15 cent each; a pack of 20 costs a quarter.) The 8 per cent Federal sales tax has ‘not been changed. Gasoline taxes, running up to 10 cents a Canadian gallon, are levied by the provinces. As in America in the last war, there are savings certificates and stamps in such denominations that even the smallest income can be tapped. More controls,

and more taxes, appear inevitable, :

“Facts You Should Know”

Booklets for

Consumers

The appearance of this Information Message in these columns is‘ evidence that this publication subscribes to the principles of the Better Business Bureau, and co-operates with the Bureau in protecting the public even [to the extent of refusing: to accept the advertising of firms whose advertising and sales policies are proved hy the Bureau to he contrary to the public interest

Better Business Bureaus are publishing a series of FACT booklets to aid consumers in their everyday money management problems and their relations with business. These booklets have been used by many educators and schools throughout the country. While several booklets are in process of preparation, the following are ready for distribution.

. FACTS You Should Know About ADVERTISING BORROWING BUDGETING BUSINESS BUYING or BUILDING A HOME BUYING USED CARS COSMETICS DOMESTIC TEXTILE RUGS FURS - oo HEALTH CURES HOUSEHOLD PESTS i INVESTMENT (Trust) Companies JEWELRY LEGAL PROBLEMS. LIFE INSURANCE MAN-MADE TEXTILE FIBERS OIL ROYALTIES SAVINGS SCHEMES SECURITIES

10. It i2. 13. 14. 15. I6. 17. 18. 19. 20.

These booklets are published in the interest of consumer education. Single copies are free to those who will call at our office for them. Copies will be mailed upon the receipt of 3c postage or money for Quantity prices for schools and

each

copy, to cover cost of mailing.

others on request.

The BETTER BUSINESS BUREAU, Inc.

711 Majestic Bldg. INDIANAPOLIS

This Bureau is an frcorpoiated association, not aperated for pecuniary profit, supported by more than 600 Indianapolis Business concerns, and has for its purpose the promotion ot fair play in advertising and selling, especially where there is a public or competitive interest involved.

LI ncoln 6446