Indianapolis Times, Indianapolis, Marion County, 9 October 1940 — Page 21

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WEDNESDAY, OCT. §,

1940

rr Son we me

BUSINESS

Rough Treatment of Livestock Boosts eat Bill 10 Million Dollars

U.S. M

— By ROGER- BUDROW

WHEN A HOOSIER FARM BOY TAKES A CLUB and whacks a hog or beef calf to get him into the barn, it makes the housewife’s meat bill higher.

crippling of animals costs the a year—most of which is pre A little more formed in Indianapolis to r caused by careless,handling a1 stock during the marketing

In fact, bruising and nation about 10 million dollars ventable.

than a year ago, an organization was losses

educe the tremendous 1d inhumane treatment of live-. process.

company and headed by Lewis B. Peggs.

Mr. Peggs is reluctant to reveal] Just how much bruising loss there! is at the IndiSnppons Stooge ards but asser thre alre pip there is an improvement being | shown, Bruises are! caused by lack] of proper loading | facilities, .over-| loading and trampling, failure to partition off small animals in loads, loading calves under low dou-| ble decks, holding and lifting sheep | by the wool, protruding bolts, wire! and nails in the loading pens or trucks, biting and fighting animals. | fast driving around. curves and; quick stops, and kicks and blows from stieks, canes, prod.poles and] whips. The packing industry is taking the] lead in loss prevention work because when they buy the live animal there is no way of determining the extent of bruises. Then when |

Roger Budrow

Government, inspectors come along, z ruised portions. | is'a loss to the"

they condemn the Consequently, there "packer who passes | lit along to the | consumer. A survey taken in 1935 showed the] average bruise loss| spread over all! cattle, was 38 cents per head, hogs| T cents per head, veal calves 5.7 cents per head and lambs 2.3 cents per head. “In other words.” says Mr. Peggs, “this loss is a hidden tax which is assessed against the live-| stock industry for injuries to meat] animals during the marketing, piocess.” | |G To reduce these lgsses, Mr. Peggs’| organization sells .at cost canvas | slappers and electri¢ prods for driv-| ing livestock, campaigns for better loading and trucking facilities, and seeks to spread this information among all farm groups.

n 2 n THESE ARE NEW in the field of electricity: A beam-bending pen light that] sends illumination around corners. It is now supplied by a radio company as a standard part of the eqipment for service men. A stray field of static electricity is employed in a new invention for the purpose of drying hides, shoe soles and the like. Stainless steel is fow treated by a process called nitriding, which gives, a product combining the corrosion resistance and strength of stainless steel with the hardness of casehardened ordinary steel. It will be useful for many industrial needs.

" 3 a

ODDS AND ENDS: New York; Central revealed today it will add! 50 new locomotives to its fleet in the next few months. . . . Catalina Airline, operating between Catalina | Island, 22 miles off the Southern California coast, and Burbank, has bought two Lockheed transports for $170,000. . . . Emmett F. Conely, Investment Bankers Association head, | in a letter to Sumner T. Pike of the SEC, said today the growing practice of selling new security offerings directly to large private investors (like insurance companies) was the result of “unnecessary restrictions” under the security laws. . General Foods Corp. President | Colby M. Chester said, “No foreign attack could destroy our food resources or starve our people into submission.” . . . The steel.industry| is prepared to meet all the requirements of the national defense program without cutting down on- its

regular commercial or export busi-|?

ness, according to Walter S. Tower, president of the American Iron & Steel Institute, the organization which includes virtually:the entire steel industry. . . . Consumption of petroleum products in U. 8. this vear will average about 425 gallons for every man, woman and child, according to the American Petroleum Institute. This is 10 per cent more than in 1939.

mixed |

| lighter weights sold at the same] ‘prices paid yesterday.

| tio

i Medium. .

1270-300-1b. butchers,

i vealers steady ‘at [email protected]; few to $12.

PRICES ON HOGS

10 CENTS LOWER

‘Top Here Slumps to $6.35; | Vealers Up 50 Cents At Stockyards.

Hog prices drifted 10 cents lower at Indianapolis today, the Agricul- { tural Marketing Service reported. The decline was made on hogs

It is supported by backers, commission firms, order buyers and the stockyards

Loss From Bruises—$320

These cattle, shown in an Indianapolis packing company's refrigerator, were bruised when they were crowded through narrow gates. The loss—portions of meat condemned by Government inspectors— amounted to $320 which makes the consumers’ meat bill higher, according to Lewis B. Peggs, head of the local organization which is trying to reduce bruise losses in livestock marketing here.

N.Y. STOCKS

By UNITED PRESS

THE INDIANAPOLIS TIMES

Itoday that the “prime cost” of na- | tional defense must be borne by the

ASKS DEFENSE BE PAID BY ALL

Sloan Says Cost. Must Be Borne Through Taxes, Rise in Debt.

NEW YORK, Oct. 9 (U. P.)—Alfred P. Sloan Jr. board chairman of General Motors Corp. declared

whele American people through increased taxation and a rise in the Federal debt. In a report to stockholders on the “Economic Aspects of the National Defense Program,” Mr. Sloan asserted that no one segment of | the nation could be expected to pay for preparedness. “Particularly,” he said, “such responsibility can not be assumed by | those individual enterprises which happen to be called upon to produce defense materials.” Mr. Sloan reiterated the stand | taken by American business leaders at the outset of the European war | that ‘industry Ss no desire to: capitalize sthe misfortune of war, or the necessities of defense.’ He declared that whatever oroit] industry may make in producing materials of war, it “is an incon-

| i | i | i | |

| DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

Net High Last Change |

—A—

Low

weighing 160 pounds or more but!

The top fell to $6.35 for good and choice 230 to! a 240-pounders. |a Vealers sold 50 cents higher than yesterday with a top at $12. Marketing Service reported 998 | salable cattle were received here,

1466 calves, 8697 hogs and 1529 sheep. | ar

Top Renisig |Oct. Ps ap

..$ 6.3 “i 8 2000! 9 i Packing Sows 0- 300..% 6.10- 6.25! 300- 330.. 6.60- 6.15 5.65- 6.10

25 | 5

| 5.75~ 6.00 5.70- & . 450- 500.. 5.60- 5.75 | a8 Medium-— © 250- 500.. 4.75- 5.65 Medium ~ | Slaughter Pigs 160- 180 6.00 90- 120.. 4.50- 4. 85 p Slaughter & Yealers TE cpipts, 998) | Choice— 750- 2 900-13 1300: 1200 00d — 750- 900 900- 1100. 100-1300. 1300-1500 Mediym-50-1100. 1100- 1300. Common 756-1100 6.25- 1.75 Steers, Heifers Choice— 500- 750.

Good— 500- 750. Heifers

Bu earings excinded) 0 .$ 6.75- 7.25 6. 50+ 7.00 5.75- 6.75 |

Sausage. . 5/ Medium Cutter and common

. 10.50-12.00 {€ 7.50-10.50 | 5.50- 7.50 Stocker 166)

medium. Cull ..1... Feeder, ers (Redeinty,

Chloe 11.00-12. 80 00- 800.

9.75-11.00! S00i030. 500- 800. 800-1050.

Medium — 11.00-11.75] 500-1000

Common— 10.00-11.00] 900.

500Calves (steers) 7.75-10. 00 Good and choice— 5.50- 7 Taediim 9.00-11.00

um-— 8.00- 9.00

6.00- i) 3 7.25 8.25 6.25- 7.25

Cholce— 750- 900. Good— 900-1100. Medium — 500- 900. Common— 500- 900. 0- 900 §.00- 7.001 44] down | 8.25-10.00 5.25- 6.00] Calves (heifers)

Good— 5.25! 500 down 7.25- 8.25 4.25 Medium— 500 down @ 7.50- 8.75 | SHEEP AND LAMBS (Receipts, 1529)

Good and choice Medium and good Common

Cow Good ....

Cutter and common 4

25Canner. 3.25-

Ewes (wooled) Good and choice Common and medium

CHICAGO LIVESTOCK

0gs Receipts, 11.000; early trade Wi to 10 cents higher; - closed active] at full advance: tep, $6.50: bulk good | and choice 200-270 Ibs. [email protected]; most | $6.35@ 6.50; some 330- | 400-1b. averages. [email protected]; good 300-380- | Ib. sows, mostly $5.90 6.20; few lighter | kinds to, $6.30: 360-450 lbs., $5.60@6; 450- | 550 Js [email protected], ttle— Receipts. 11,000; calves, 800: un- | usually liberal run choice and prime steers | and yearlings here; supply medium to good | grades small: common kinds also scarce: market steady on strictly choice and prime | steers, but weak, instance 10 to 15 cents! | lower, on average good to average choice | offerings selling at $11.50@13 and better: early top. $13.90: some held higher; several loads [email protected]; comparatively few steers in crop of value to sell under $11: moderate supply under $12; very common light Southwests down to $6.50 and below; stockers and- feeders scarce, active and firm: fed heifers steady; best kinds, $12.10; cows very dull, weak; cutters, $5 down; few beef cows above $6.25: bulls strong to 10 cents higher; weighty sausage offerings unusually scarce with best available, $7.10;

heep—Receipts, 4000; today’ s trade fed lambs opening 10 to. 25 cents lower: early bulk good to choice natives. [email protected]: few medium to good kinds. $9: culls andcommon throwouts, [email protected]: load medium to good fed lambs. $9: lacking sorts; no early aetion on yearlings.

OTHER LIVESTOCK

CINCINNATI, Oct. 9 (U, P.). -— Hogs — Salable, 3000: total, 3500; holdovers, 150; cents lower; light weights and sows teady: top, $6.45; 100-140 1bs., $4.35@ 5.10; most good packing sows, $5@ 5.50. Cattle -Salable. 500; total, 650. Calves —250. Broad demand: steers and heifers around $68.50; sausage bulls mostly $5.50 «6.75; top. $7; vealers steady; good and choice, $11@11/50; 2 Sheep—Receipts, steady; s good; trucked-in nearby lambs, 50; Bice ewes and wethers, very scarce and around $9.75.

y active and

WAGON WHEAT

Indianapolis grain elevators sre paving for No. 1 wheat. 77c: subject to market ehangel other grades on their merits. cash | No. yellow shelled. 59¢; white shelled. 67c;: No. 2 white oats, %370.

USE YOUR CREDIT at

OSIKINS

CLOTHING COMPANY

31 W. Washington St. Directly Opposite Indiana Theater

WASTE PAPER

AMERICAN PAPER

STOCK COMPANY RI1-6341 320 W. Mich.

ID HIB iW

Largest Selection’ in the State

JTL a HS

29-31 East OHIO St.

Suits-Topcoats-0’Coats

Choose from over 700 patterns

As Long As 32 Weeks to Pay

LEO TAILORING CO.

235 MASS. AVE.

TRY A WANT AD IN THE TIMES. ‘THEY WILL BRING RESULTS.

| e— a ilored Just For You "= |

FRACTURE BEDS Can Be Rented at the New

DRUG STORE HAAG’S ALL-NIGHT

22nd and Meridian

OUTFITTERS TO

MEN, WOMEN and CHILDREN

t THE MODERN CREDIT STORE

129 Ww. Wash. Indiana Theater

Is Opposite Us.

x Exacting . . . WATCH REPAIRING AT LOWEST PRICES

STANLEY JEWELRY. CO.

113 W. Wash. Lincoln Hotel Bldg.

The | Am

| Bulova W { Burroughs

i ne Nickel

T&T 2 Int T&T For.

| Marshall Fld. .

| May | McLellan St ...

¥osterday Week Ago .......... ver 134.97 10.64] Month Ago Sy, 25 | Year Ago ° --0.68 High (1940), 152.80; Low, 111.84. High (1939), 155.92: Low, 121.44, 20 RAILROADS

Alaska Juneau . 43s +2.204

Allegh Cpf$30ww 10'2 Alleah Lud Stl. 21!» llied Chem ...162'z Allied Stores ... 7 Allis-Chal- .. .. 33 Am Car & Fdy 26% Am Crv Sug 6pf 76 Am Hide & Lpf 30%a Ice ’ Inter J? Loco 3 Loco pf .. Mach & Fdy Metal .. Tre & Lt. Rad & SS. Tl Smelt .... 393s Stl Fdies..: 25 Stores 127 Stove Co... 14 T & T....182% Am Type F... 34 Am Zinc Anaconda .. Armour Jl. Asso. Dry Gds Atchison .. Atl Refining. . Atlas

433 43g

/8 12 . i 3a | Hen | 30 Yesterday - ih Week Ago -—- 2 | Month Ago ..... ~ Ys! Year Ago High (1940), 32.67; Low, 22. High (1939), 39.90; Low, 24, 15 UTILITIES

—0.39 -+0.32 —0.13 --0.45

RAE) en B®

Am Am

Am 33

bth OY 1

@ a

3 2

Oo Nore = a

1 1 3a | 1, Yesterday is] {Week Azo cestrenrnnsaran . | Month Ago .. Ys Year Ago 1 High (1940), 26.45; Low, High (1939), 27.10; Low,

-—0.2% + 0.09 —0.04 + 0.16

3 «tet Bato ©-IWdL Oa DOD eld -

ane

ed I) D3 pa = BOLD

— =

testis eessrrenaes

18.03, MW;

8 |

ros =a Ns

Net

High

{of defense.

increases

sequential proportion” of the cost

d holds 53 gallons.

Japan's anxiety to stock up on motor gasoline is indicated by the photo above, showing some of the 42,000 rums of the fuel recently loaded on the Japanese Ship] Tuyama Maru at Los Angeles Harbor.

Each drum

“The burden of this prime cost,” | — Sloan said, “must be assumed by! the nation as a whole—in part by | in direct and indirect taxation on enterprise and on incomes resulting from the profits of enterprise and otherwise, and in| part through increase in debt—in other words passed on to be paid by future generations.” Mr. Sloan emphasized that the production of defense materials “does not add to the standard of living of the people.” “The production of such terials,” he said, “may create employment, but devoting labor and materials to defense means Iss, _ parm commodity prices labor and materials available for! |diana rose 3.8 points in the period the production of goods suitable for | Aug. 15 to Sept.

PRICES HIGHER!

State’s. Commodity Keeps Ahead of U. S. Average. LAFAYETTE, Ind.; Oct. 9 w. P.).

ma-

NEE Ra ®

Change

{Aviation Barnsdalle Bed Hem & Co. Beth Steel. ... 1814 Deth Steel 7 pf 12: Blaw-Knox 8 Boeing Air Borden Cee Borg-Warner Briggs Mfg .

22V,

1-10 Re DD NUN ab UD ~T0

0D wT 1a Tm OD Tubs 13 UY ae no

eno

w > BARB ENE ND

Plvmouth oil ee {Pub Sery ol Pullman

[Bklyn U Gas...

Bruns-Balke Budd Mfg .pf ... 7

UN rt =] DO Tm] 30 a 20

Butte Cop & Z. . Byers pf | Repub Stl pf A. Revere Cop . Revere 5'4 pf. . ‘ wv Reyn Met ..... “4. Reyn Tob B.... + {Ruberoid

1's 1312 37 3 491 28's 7

Calahan Zine .. 1'g Canada Dry ... 13'2 Cannon Mills... 37 Carriers & Gen 3 5 | Caterpillar T... 49'% Celanese Celptex Cerro de Pasco. Ches & Ohio... Chrysler Colgate P-P ... Colum Gas .... Col Gas pf A. Com Inv Tr.... 36 Comwlth & So. 1's Comw'h & So pf 56 Comwlth Edison 30% Cons Cigar 10 Cons Coppermn in Cons Edison 26! Cons Edison pf. 103; 1 Cons Oil Container Cont Mot . ... Cont Qil Del .. Corn Prod .... | Crane Co | Crucible St !Cub-Am Sug ... Curtis Pub .,. Curtiss-Wr Curtiss-Wr

bt Ga) bs 5 30 et

2, | seand Air. L;. |Sears Roebuck. . — iL Servel Inc { Skelly "Oil 1 | Socony- Vacuum is So Cal Ed { South > | South Ry pf .. Sperry Corp . Spiegel Inc .... Std | Std +iStd Std

"ee > an

2815 4014 8

thoy SIRI

Qo 0r 0 C- W

Fo aNAN BR NBNB

1 807s

Wo 8 fia

HIJR NENW DIDO N IRI BD a 2

I a - AU ANBNIT ND ND

Wwe

‘Studebaker Superior Oil

LA 3378 3334 27g 278

33's 33!

i Texas Corp | Texas Tex G {Tex PC Tex Pac LL T.. THermoid kv Trermoid pf.. Thompson Pr

=a NER

All

| Deere & Co Deisel W G

sro RECEDE I

*,. | Pont, 2

o | 17115 and American Can was down | a point at 97.

consumption, and every dollar So ahead of the general risa jpn fam less for some people, y, 5. farm price index during tie | somewhere, some time. same period, a report issued today by the. Purdue University ~Agriicultural Statistics and Farm Management Departments showed. With 1910-14 prices as a base, the State index reached 95 poiais on Sept. 15, the highest it has been | since the same time last year when > | it registered 97.6. i sors o Qc; : U. P).— According to the report, 17 major s receded to a new low since Indiana commodities remained 1n1” sept, 17 in the industrial average changed or higher in price as ot | today in light turnover. Losses generally were small.

however, fell 215

pu Fotatoes dropping 5 cents per points to (the previous month's level.

Bethlehem Steel was farm products rose three points to (at 78%, off!i; U. S. Steel 577%, up 78 in the month's period, a level two 13; Chrysler 78, up i; Douglas Air-| points under the index for the nacraft 767s, off 18; Son Fe 164, tion's farm. products in the same off 14 + Off 15. period which hit 80.

% UGRESGENT LIGHT WILL BE DISCUSSED

cause of uncertainties over the F Eastern situation. Business news reflected Sand downturns. Estimates said car loadings were due to drop more ih seasonally. Electricity output was | lower than the previous week but! held 7.1 per cent above a year ago.! Crude oil productiton fell below esti- Cent lighting by means of the new

mated requirements, tubular * will be held tomorrow at Ipalco Hall,

‘Tide W' A oH Timk-D Ax. Timken R B . Trans & W Air 20th Cent-Fox

Dome Mines Douglas Aire

PE Tere DN -10 boa

East Al Lines,

Union Carb... | Un Pacific . {Un Tank ... Ss | Un Aircraft.

Fair Morse vhs Fed Wat S A . Form aL. Fic Phen Flintkote Follansbee .. Freept-Sulphur.

10 OQ «1 ke 3; Pot ore ts

Gen Gen Gen Gen

Cable ... Electric... 337; 41'y

UT] BD 321

Vanadium 1a Va-Caro

a |W

Walgreen 2053 Waigren pf ww 100% rth 41

1a | |

Greyhound cp. Greyhnd 5'; pf

Grumman Air E | Weston EI In... 33

Westvaco 3 d : } Wheel Steel ... 23S 3 3: 3 2 . Whit Mot . 1g 3 | White Sew M Willys-Ovrind pt Wilson pf 59 Woolworth . 33% Yi

1423 3234

Haves Mfg ... Hecker - Prod Homestake ‘es Houd Her B ... Howe Sound

59 333% 13 Hupp Motor s 331% | 1, 12

Yellow Tr

dee 1493 Young Sheet ...

32%s

CAUTION RULES IN CHICAGO WHEAT PIT

CHICAGO, Oct. 9 (U.P.).~Uny certainty over Far Eastern develop8 ments caused traders to proceed ,. | with caution on the Board of Trade! i; [today and wheat prices hovered “2 around previous levels. At the end of an hour, wheat was ,' unchanged to off !% cent, oats off i to 2 cent and rye unchanged to {13 cent higher. Soy beans gained | 7s to 9s cent.

LOCAL PRODUCE

12cy bareback hens, Leghorn hens, 8c: bareback Leghorn . 8c; Barred and White Rock Springes, 13¢; "other colored heavy breed spring-| (ers, 12¢; Leghorn springers, llc; bareback .springers, 9c¢; old roosters, 6c. Indiana Grade A large eggs, 24c: Indiana Grade A medium eges, 20c; small Grade No. 2, 16c. Zio 3212@33c: No. 2, 3029 Butterfat—No. 1, 28¢: No. 2, (Country pickup prices quoted by tha Wad. ley Co.)

U. S. STATEMENT

WASHINGTON, Oct. 9 (U. P.).—Government expenses and receipts for the —current fiscal vear through Oct. 7. compared with a vear ago: Last Year

This Year .$ 333. 2171. 321 al $2. 53h 659.641.74

143; 1 Centbal .... 32% Inspiratn- Cop.. ; Intercon Rub .. Interlake Ir Int Agric . 0s Int Harvester .. Int Hyd El

a on

wo NORAD —~DPWDORN

=a DAN ED NT

21% —K— Jones & Lgh Tpf 87

>»

Kayser Jul

Kroger G & B.. 31,

—]—

31%2

Leh V Coal .... Leh V Foal, Pp 3 Leh Yo! 2 Lehm 207% bran Airerft 27! a Loew's 25% Loft, Lorillard

Manti Sug

Heavy breed hens;

Mident Pet Midland Stl Midland Stl Mission Corp

Mullins Mfg Mullins pf.. Murray

cece

Nash-Kelv ... Nat BigeujiNg Nat Cyl Gas. Nat Nat Nat

Expenses

Ohio Oil

Otis Stl ev 1 pf : 15 | Gold Tes. 21.315.289 315.65

Fall Fashions $2 & $3.85 % LEVINSON

Your Hatter

SHERWIN WILLIAMS

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

VONNEGUT’S

Owens Ill Glass 56 12 | Customs. . 96 001. 894. or

300 STATE OILMEN

: served on a Congressional subcom-

16th and Alabama Sts., under auspices of the Indiana Electric Association’s commercial section. The program, opening at 10 a. m., ‘will include demonstrations

OPEN SESSION HERE

About 300 members of the Indiana! Independent Petroleum Association surveyed a 37-year-old horse-drawn tank wagon displayed in the Hote Severin lobby today and then started | discussing problems of modern oil! distribution. The session, which opened this; morning with a closed meeting of | the legislative committee, will con-| tinue through tomorrow. The first general meeting was , scheduled this afternoon with Sam{uel . G. Pettengill, former Indianaly , ‘Congressman, as first speaker. He |

[nical developments in fluorescent

Nearly 250 utility employees, diana are expected to attend. George O. Stewart, sales manager

‘is chairman of the conference. Mr. Stewart said [lamp gives better illumination at {lower wattage, but added that

| Yelopment, fluorescent lighting can-

ghting problems.”

LOCAL ISSUES

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

? mittee which investigated the oil} _ | industry. Following his talk and another by | ‘Ralph W.. Carney, Wichita, Kas. ® officers will be elected. of recent transactions.

level |

Indpls P&L 3'is 70 Indpls Railway Inc 5s 6 Indpls Water Co 3'2s 66

3 53

Interstate T&T 5'as

Stores 5% 50... More Water Works 5s 65... Nat Silk Hosiery 5s 42 N Ind Pub Serv Jus 69 N Ind Tel 4'2s 5 Pub Serv Co of Ind ‘45 69. Pub Tel Co 4l2s 55.. oi Richmond Water Wks 5s 57... Trac Term Corp 5s 57

FOREIGN EXCHANGE

NEW YORK. Oct. 9 (U. P.).~Follow118.57 ing are noon cable rates on major Tea Iencies: Cable Rates Net Chg. 151.13 England (pound) ..$4. —.001% Canada (dollar) i us 36 i Italy (lira) . 123.34 Finland (markka) . | Sxizeriang | anc) 112.42 eden (krona) fakin (yen) | Moe (peso)

Ninety-nine men who have been | Stocks engaged in the oil industry a total Agents Finance Corp com Belt RR & Stk Yds com...... 52 of 2030 years will form an Old] SEE eR SR Timers’ Club tomorrow morning. Central Ind Pow 7%, : i Hook Drug Inc com { Home T&T Ft Wayne 7% pfd v Ind Asso Tel Co $6 pid BUSINESS AND LABOR Ind & Mech Elec 7° pid...... | Ind Gen Serv 67,pfd Z {Ind Hydro Elec: 77% pla HARMONY IS URGED 1wdpis Gas com | “Indpls P&L com ... i *Indpls P&L 6» fd ATLANTIC CITY, Oct. 9 (U. P.).|;Indpls P&L 6'27c pfd | Indpls Water 5% pid.. —American business should develop | Lincoln Nat Life Inc com. and execute an effective program io N Ind Pub Serv 5!37% pf N Ind Pub y 67, pfd. establish “the soundest relationship N ma Pub Na attainable between management and | Progress Laungry Some the working force,” Louis Ruthen- pup Serv Go of Ind 7 7, bid... burg, president ‘of the Servel, Inc. Zo Ind G& $3: % pi, erre aute lec e; Pp + said here today. Union Title Co com’ Ce Addressing the 22d annual con-| Van Camp Milk pfd vention of the American Gas Associ-| V2 Camp Milk com ation, he asserted that such a pro-| Bonds gram could be developed “if mans American Loan 5s £ S agement recognizes its responsibility | citizens Ind Tel asi to stockholders and to the public, | Grubbs Reynolds. Tabor 55 42. ¢ and realizes that the discharge of Hone T&T Ft Wayne 6s 43 the responsibilities depends very directly on how well management deals with the people on the payroll.”. Servel, Inc., is an Evansville, Ind., refrigerator concern. NEW YORK, Oct. 9 (U. P.).—Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday Week AB0 ....ceavvvsenveens Month AZ0 ....eovsesess00en Year Ago '..... 1940. High (Jah. 2) ........- 1940 Low (Aug. 19) ........

118.82}

ss ssseviscsee

RATH DECLARES EXTRA

Sn 0 fn 78.394.594.84 in Cons —

32 Parker Rst Prf 19% Patbe Film .. Ya Penney

INDIANAPOLIS CLEARING HOUSE s |Clearings ever tsrsarenannen ..$3,128,000 | LDebits i. onde hens fst wwe 7,764,000 |

LOANS =

sino The CHICAGO

Brokers in the 146 EAST WASHINGTON ST.

sees

on on Everything!

Diamonds, Watches, ‘Autos, Cameras, Clothing, Shotguns, Ete. JEWELRY

State. “iNve. GO.

FOOD PRICES

CHICAGO. Oct. 9 (U. P.\.—Peaches— Michigan Elbertas’ bu., [email protected]. Apples— | Michigan Mackintosh, bu., no sales. Celi ery—Michigan. crates, 40@65c., Tomatoes | | —California lugs. [email protected], Spinach — | | Ilinois, bu., 25@50c. Cauliflower—Cnlorado | | crates, 85c@ 51 Carrots — New Mexico, | crates. 34, Lettuce — California. crates \B [email protected]. Sweet Potatoes—Tennessee, be 1.30. Onions (50-1b sacks) —Minnesota | BI ows, 47%c; Illinois Yellows, 40@55¢; | Colorado Sweet Spanist, 97'ac.

We offer you complete, 100% service for all types of shin ments...from your office or home to any address. Railway Express is swift, dependable. There's no extra charge for door-to-door service in all cities and principal towns. Phone us .., or Western Union to call,

RAUMAYG EXPRESS [§

NATION-WIDE RAIL-AIR SERVICE

quotations

Ask :

rer} SERVICE 100%

INDIANA FARM | 2

Index Electric & Manufact (began a 12,000-mile

in In-|

15, and kept ‘well in the

ronze B Sutton

On Way to Pole |

PITTSBURGH, Pa., Oct. 9 (U. PJ). | bronze lapel button, token of 15] I; ears’ service with the Westinghouse | uring Co., today journey to Little to Finn Ronne, | ‘d Antarctic ExX- | uth Pole. ‘ave of absence is one of more] rouse employees | last May to regnition of 10 or

33 BIG INVESTMENT TRUSTS TC AID SEC

NEW YORK, Oct. 9 (U. P).— | Leading executives of 33 of the country’s largest investment trusts, representing combined assets of more than $750,000,000, have formed a national committee to co-operate with the Securities and Exchangs {commission In the administration of the new Investment Trust Law, ‘as announced today. The new Investmsnt Company, | Act becomes effective Nov, 1. n the company. Paul Bartholet, vice president and ie Ronne award | treasurer of the Tri-Continental recently when | Corp. and its associated companies, the Interior, ‘has been named executive director

America for delivery a member of the Byi pedition near the Sd Mr. Ronne, on I¢ I from the company, than 21,000 Westing who were designated ceive awards in recg more years’ service Presentation of ti became possible only the Department of

‘sponsor of Admiral Richard E: Byrd'siand an executive committee has i expedition, offered to forward it on!been appointed to bring about ef

{the U. S. S. Bear,

‘engineering department here; Little America he is

(Sept. 15 than for a month earlier. alone showed a decline, bushel from

The purchasing power of Hoosier

122d annual convention here yesi terday., W. E. Derwent, of Rockford, ‘Ii,

An all-day conference on fluores-

‘daylight color” type of lamp

the polar supply [fective co-operation with the SEC: ship sailing this month. “The Commission and its staff Mr. Ronne serves the Westing- have indicated.that such assistancs house company as| a mechanical will be welcomed heartily,” the andraftsman in the circuit breaker | nouncement said. in| “A concerted effort on behalf of a veteran ‘eX-| the industry should materially re= plorer in charge of skis, sledges and [duce the number of separate cone dogs. : [ferences with and communications TT froin individual companies . .

STRICKLER HEADS - fhons je mow sisests shy suas. GAS ASSOCIATION!

the companies a great deal of time and expense,” [it added. ATLANTIC CITY; N. J., Oct. 9 (U. P.).—T. J. Strickler, vice presi-

Kins i Gas oh. amas ci, AUSTRALIA'S WHEAT AT FIVE-YEAR LOW

|Mo., was elected president of the | | American Gas Assdciation at the! { MELBOURNE. Oct. 9 (U. P).— vice president of the Geo. D. Australia’s 1940-41 wheat acreage is Roper Corp., was elected president | the smallest in five years, according

of the Association of Gas Appliance (to the season's first estimate re-

& Equipment Manufaciner Hoased today.

; . ... | The plant was placed at 12 569. 000 NAME TWO VICE | | PRESIDENTS ‘acres, a decline En 7.000 from 1939NEW YORK, Oct. 9 (U. P.).— 40. A year ag6 the commonwealth Walter B. Eitner and Edward Don- harvested 210,160,000 bushels of lan Jr. have been appointed second: wheat from 13,276,000 acres, con-

vice presidents of Cruaranty Trust| trasted with the 10-year average of

| Co. of New York. ot Gi dr talks by General Electric and West- V inghouse lighting engineers on tech- |

lamps and their proper application. elec1 trical dealers and contractors of In-, of the Public Service Co. of Indiana!

the new type

“in | {the present early stage of its de-,

not be considered a cure-all for all

i {

| ALES

LAMININ

cur- |

a> TI

{ 177,726.000 bushels.

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in Wie! and in war

Major symbols of our century —skyscrapers, automobiles, streamlined trains, stratoliners— depend upon steel. Now, from buttons to battleships, this modern metal becomes the hackhone of defense plans. And Indiana, third among the steel-producing states in 1939, produced oneseventh of America’s net tonnage, and is accounting for an even larger total in 1940.

Much of this tonnage is processed and used within the State in making automobiles, conlainers, construction units, aeroplanes, agricultural implements, and other products. For steel, ‘the sinew of war malerials, is primarily a peacetime commodity. Over a period of average years, railroads used 20% of American production. Last year, of the total 35 million net tons, buildings and construction took almost 5 million tons, the automotive industry well over - 5 million, and the manufacture of containers nearly 3 million tons. Agriculture alone accounts for over 107 of domestic consumption.

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Bank loans help make possible the long line of commercial transactions transposing steel from ore to everyday use—for defense and for better living; American National’s resources participate in this vital banking function.

AMERICAN NATIONAL BANK

at Indianapolis

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