Indianapolis Times, Indianapolis, Marion County, 16 October 1940 — Page 19

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WEDNESDAY, OCT. 16, 1940 oc

OTHER L L1yStock

host ina deolrece, soil Gals, end 0 0 - ‘choic re CINCINNATT, Oct. 18 (Ul. —Hogs— (lambs, $9.40; four doubles ive Beis Salable, 3000; total, 4300; oie 70; jambs. $9.25: load medium to #004" 92wer: 200-25 5... $6. 45; 100-140" lbs. Ib. ranze lambs. $8.75: good to choice Cc Se le, 500; total, 675: calves, | 31 oo; fed yearlings, $8; “breeding ewes, 230; about steady; cutter to medium * steers and Jieifers: Sans TS only few at- * : tractive enough to bring 5 Sheep—Receipts. 800; fairly active; FOOD PRICES steady; good lambs, [email protected] shoiee Ww : §0-1b.. ewes and wethers, So. 15 W CHICAGO. Oct. 18 (U. P.).—Apples— Wisconsin Mackintosh, bu., $1.50@)2, FT. WAYNE, Oct. 16 (U. P.).—Hogs— |—Michigan, crates, 00 boc ary c lower; 220-240 lbs., 35 25: 200-220 lbs., California, lugs, [email protected]. Spinach—TIli5: 180-200 1bs., $6: 160-180 Ibs., $5.85: |nois, . 25@60c. Cauliflower—Colotado, -260 1bs.. $6.15: .260- 280 1bs., £6. 10; 280- |crates, 200 75¢C.4 Carrots—New Mexico, 300 los.. $6 05; 300-3 s., 36:32 5-350 1bs., crates, $3.25, L& tuce— California, crates, $5.95. 350- 400 1bs., 3 gpg. 150 lbs., $5.40; |$3@ 4. Sweet Potatoes—Tennessee, bu., 90c s.. $5.15: 120 Ibs.. $4.90; 120-|@$1.35. Onions _(50-1b, sacks)—Minnesota $4.65; 100-120 Ths. $4.40; roughs,{Yellows, 60c: . Illinois Yellows. 40@60c;

stags, $3.75. Calves,

| | |

"$11. 50, Lambs, | Colorado Whites, $1.05: Utah Sweet Span-

Sheep —Receipis, 5000, late: Tuesday load 20 hoice: 99-16 fed >shern lambs, 88. %: a cull to common slaughter ewes,

95c; Colorado Sweet Spanish, $1.

MAKE LOANS

On Anything

SACKS BROS.

306-10 Indiana Ave.

FRACTURE BEDS Can Be Rented at the New

DRUG STORE

HAAG’'S ALL-NIGHT 22nd and Meridian

WASTE PAPER

AMERICAN PAPER STOCK COMPANY

RI-6341 320 W. Mich.

RE OUTFITTERS 'fO MEN, yn and CHILDREN

THE MODERN qslons STORE

129 Ww. Wash. Indiana Theater

Is Opposite Us

FUR COATS RINE NY {Zoa a1) 7 71 State

INDIANA FUR. CO.

29-31 East OHIO St.

a m= Tailored Just For You ===

Suits-Topcoats-0'Goats Choose from over 700 patterns

As Long As 32 Weeks to Pay TAILORING CO.

% Exacting . . . WATCH REPAIRING AT LOWEST PRICES

Marmon-Herrington, when completed, will utilize “split-unit” design.

N.Y. STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

Wall Street Feels Better About Stock Market Because of Reported Gain in Willkie Strength : WALL STREET FEELS A BIT MORE FAVORABLY| 0 i ward the stock market than it did but a short time ago, a Soreany “to financial experts. Most of this change in a ; E itude is due, they say, to a reported swing in various parts of the country to Wendell Willkie. : Because of the change in some states in a recent poll, eying odds of the S. Woodruff Valentine Co. have stiffened. his betting commission house now quotes that national election at § to 5 Roosevelt, against a recent 12 to 5 quotation. The Valentife firm quotes Indiana, Illinois and ®Iowa at even N, money, as it does New York and New Jersey. It quotes Penn- Nf sylvania, Massachusetts, Con- ¥ necticut and : Wisconsin, Will- : Net kie 7 to 5. i | sh: High Low Last Change Tn oaniomia, | S€llers Here Resist Slash; iil j ’ Adams Exp .... 5% 5% 838 oes ihe sintement of No Sales Are Made ar. %o40% 40% +H Senator Hiram Allegh Lud stl 22% 22% 22% Ya Sgnnton thet ie For Two Hours. plies gre. Tk 0 0k Fu will broadcast a Am Alrlines vee 81 i 8 V2 Roger Budrow Speech Soposing Prices for live hogs at Indian- Am any. 94% 94% 94% ="% a thir term : m Car y . , i ; : ? 1 fell 10 cents from yes- Am Car & F pf 552° 55Y2 55 % was said to be responsible for a |2P9 8 4oagy : 9 y | &F Pwr Be 17 i% 3% ba narrowing of odds for Roosevelt lerday’s prices despite the protests Am Loco §t 18 18 1s + 3, : 0co si 2 to carry that state to 8 to 5. of sellers who pointed to the previ- an ay 16% 16% 16% + 22 #2 # a ously jow position of local’ values, [Am P&L gpfslia 2a 50 + % At General Motors forum yester- The Agricultural Marketing Secrv-{Am Roll Mill .. 1214 Jw 13% + % day which discussed “Mobilizing ice said the reduction appeared, il a 3 2 He Evi mt Am St! Fdies .. 26 8 America’s Economic Streagth,” {necessary to clear the yards of the Am: Sugar Cee a i 3 x these opinions were advanced: 11,488 hogs shipped here today.| 4m Top*H° i 78 15 B+ Harold G. Moulton, president of [Buyers and sellers did not agree on|Am Type F.... 4% 44 Sa .... Brookings Institution, said price in- |a price basis for two hours. The 105s | Am Woolen bf. 49% 47% 19% + 7 flation can be avoided, and’ if it is/was confined to hogs weighing 160 | 4%, Zinc ------ 312,32 3% I 13 avoided, problems of deflation after |pounds or more which cut the top to Armor Ji Dr D Bn on. an 1% the present emergency is over, will |$6.40. IRE ws 169 16% 16% + be lessened. Cattle trade moved on “about |All Regning....2lls 2l% 34. .... Charles F. Kettering, General a steady basis on all classes. Veal- |Aviation Corp.. 4% 4% 4% «ee Motors vice president, urged much [ers gained 50 cents to sell at a $12 = Br wider use of research facilities to top. The Marketing Service reported [Balt & Q of... 3, 3, 3, «eerp devise articles that could be made | 1450 cattle were received, 427 calves Barker Br of.. 21ia 2712 21% + 131, after the emergency in the plants and 1383 sheep. : Bayuk Cig .... 2813 27% 2813 + 103 expanded to produce items for pis} 1% 31% nT defense program. {oct. Top Rapisiosh Top Repts. 8% 8% + va William S. Knudsen of the De-| 10 ...$ 635 9382 14 ....$ 8.50 11.213 3h. 0 Tgp 1 Cc ante) : i Tee ar (692013... 6.50 12,108 1; i re ense Commission, said the big ob-| y3 °° §355 “$140, 16 .... 6.40 11.488 Jin: 19 oy, stacle to the program was the short- | Barrows and Gilts | Packing Sows 5534 553% .... : age of machine tool facilities. He | 120- 140 § 300° 5.80 270- 300 5 6.25- 6.35 Jala 32a 4 U bi : ? | 140- 160. 5.50 6.101 300- 9.38 0” wT. aig the industry is sold out a year | 160- 180 $.00. 201 330- 330: S15 838] urinbeil oi 5. 103 C= is "who a t its 21d ac | 180- 200. 6.15- 6.30! sod amphbe Va 3 ‘ 8 B lead and that its production has 3507 320°. 6.20- 6.40; 00d 200. 5.90- 6.20| Carpenter Stl . 29% 29% 20% 1 cen stepped up to 500 million | 220-240. €.30- 8.451 ‘400. 450. 375. 6.00] Sclanese oe Dy Ry TH 3 ; : : -9 '30- 6. ; vj 0 ro de Pasco. 2 7) 2 against a pace in 1932 and 1933 of | 3700 300. 6.25. 6.38] 4320; 900 « 5.65 5.80) Certain~teed .. 4% 4% 4% .... 130 million. 300- 330. 6.15- 6.301 950. 500. .4.75- 5.75 Ches & O ..... | 40 40 40 — ¥ 4 gt 330- 360. 6.10- 6.20] 47: °F £75- 5.15 Chrysler ....... 80% 80%: 80% — % S Medium — | Slaughter Pigs Cy I i ni 155 a) oF ry : 160- 200. 5.50- 6. - olgate . Vi — ODDS AND ENDS: The London) 3-200. 550-8101 80-120. 475- 5.10) Go CG," 10: "gin 3ea Boa TT 1 Times, whose views often reflect rR, ealers (Receipts, 1450) Col G pf A ... 8s 82a 82s +1 thse of the Government, yesterday 120-900 $12.00-15. 20) Yearlinks, excluded) Com Solvents i” ag io 3 i | 06 a br YD - - ; - 6.75- 17.25| Comwlt ison 30'4 30% NW — advocated a broad program of eco-| 100 10: 1220 13 20 Cod 8 8a hoes 90h oat Ni — n - nomic co-operation between the 1300-1500. 12.75-13. 50 Medium... 5.25- 6.25 gan’ Hason' 5 10g a 3, +1 I Es “ ni 3 313 Good— um... 4.75- 5. on ison p 7 u. S. and Brent Britain to stabilize “30 00. 10.50-12.00 Crsterandg +o ia Nn world production and distribution of 200-1100. 10.50-12.251 common . 4.75- 5.25 Eon°rR. £7 ‘pt I 1% is in a .75-12. Veal n a i 74 V4 materials after the war... . . Gen- |1300-1500. 1073-12. i) iGoodlang Cont Can 38 38 38 LL. eral Motors Acceptance Corp. an- [Medium— clhoice. , 1050-12. 00 Gont- Dia ¥ .. «0s Sik 2 oe. 75 Commonandg = (Lont.Mol ..... / ‘2 se nounced any individual drafted in| 1100- 1300. 33 1018 i 32 1 30! &rown Co ..... 201 2012 2 [A — Ya the first two calls who has bought Common. : cull 3.50- 7.50] Grown Cork ....23% 28% i — % a car from General Motors will be| Be 2 a 25 300 Feeder, | Stocker Crcible St .... 4 41% 4% +1 relieved of his obligation. They | cnt gers: deners col Receipts, 121) ewer By ae Tn will repurchase his entire .invest- 500-750. 11.50-12.50,"5°00°°300. 9.25-10.00| Ctler-Ham 2.0. 313% 21% 21% + '% ment in the car, less a charge for | 500- 750. 10.25-11.50!$00:1050. 9.25-10.00 oh We i usage at the rate of 3 per. cent| Heifers 1300-800. 8.25. 9.25 BL Yan Ref eT monthly on the original delivered [° ee sian pe ose. | 00-725 Beg #disn 0, 0, iY, + 5 price. - George - Livingston, defense | 88-1100. 10.00-11. { S00 -1000. 7.25. 8.25 Doehler Cast 21" 21 e 21 ve + Ya commission’s food supply chief, told |v 2 500 900 6.2 7.25! Dit poy gn a a oh x % the American Bakers’ Association | 00-55 1.75-10. 50 00d nna tsicersy ily : Sr that “there will be no food shortage 500- 900. 5.50- 175] 3 300. down - 9.00-11.00 Pash ar Lines. 34% JS Ril I ow «iq ”» i dium as! oda 33 2 + as in 1917. + - The magazine] Cows 0- 900. 8.00- 9.00] Elec Boa Jie lan Clan CL American Machinist asserted - that Good i $00, 7.00] 300 down 8.25-10.00| Elec Pwr & Lt. 5% 5% 5% -L automobile manufacturers may find Medium. B00 G00 Calves (asiters) Ti SL Pw 56 Noe B=: Pt 5 it impossible to offer new models in Soommon. 350 35 500 down 7.25- 8.25|Elec St Bat ... 29% 29% 297s —- Ya 1942 because of the difficulty in Medium-— oo. aqs|E°F PUB 8 Ll. C8% “a Tan... placing machine tool. orders. SHEEP AND LAMBS (Receipts, 138) | ped Dep St. reid 2 - Residents of the U. S. comprising Sa end esa PR $ 9.00- 9.25) Flintkote a 167 187% 16% ='h crit nf tha wharld’e wnisla tice (Medium and good... .. Yufiviene 7.75- 8. 'ollansbee / J ! 6 per ecnt of the world’s population, common ......... . ili . 6.25. 750 Foster Wheel .. 16's 16'2 1612 + 1a own nearly 65 per cent of the world's | Ewes (wooled) Freept Sulphur. 32%; 32% 32% .... life insurance. . Canada reports, [Sone SD. cnojve aide ee 2.75- 3.50 —G— war or no war, there will be plenty megiym 2h honed B00. 235 Geir. Robt Bh. sis 85 Bu + u of Christmas trees this year. Cana-| 3 Gen Foods .... 40 40 0° oi dian National Railways are prepar- | {CHICAGO LIVESTOCK & Motors +e i 0 430 ee ing to move more than two million Lem B Brn A : Hogs—Receipts, 13,000: opened about | 3 34 85 un trees to ins country. steady: later trade mostly 10c lower. with | Gimbel Bros 8% 6% o% + Yh ray | spots ‘15¢ off: bulk good to choice 200- | Glidden Cr ern 15% 1513, 15, 3 /4 1300-1b. average @ Geodrich ...... 12 12 12 + 3a ges, $6.50 @8.65: few selected | 3 . 5 loads early. $6.706.75: 300-360 Ins. most- | Goodyear 5% 15%. 15% +4 ha GROCERY SALES HIGHER 1VS6.4004.55: smooth so0osaocin. paring | Graham Paige 9-18 9.18 8.16 ... sows ‘generally $6016.35; 360.450 Tbe $5.7 | Granby italy abe he ate NEW YORK, Oct. 16 (U. PJ. —| “U0. poroints 12.0000 calves. 800. rerponne’ Ci. ory. Toit Hot + % Dollar volume of retail grocery |suictly food, choice and prime - steers — stores in the week ended Oct. 12 rose | fy GL d5aclings 7, Jiberal supply: moderates | pra rh walk... 2 22% 2M + % 7 to 8 per cent above a year ago, the better and values generally. in favor of eS ery B00 BU: 3 ire American Institute of Food Distri~| Bish fev Sales thete wonky Shasd So Hud Bay M & 816% 16% 16% + JY bution, Inc., reported today. Until |g811V_ steer soles largely su @13. .65: $13.90 — two weeks ago the average weekly best. yearlings, Aaa Aa peter nl Central ..... 8 . 8 8, |S 12.50; heifers steady alon vith beef And Ravon . .. 28% 20%. 23% gain over a year ago had. been ois: other cows weak: bulls’ unchanged, | Interlake Ir 1s 2 150% around 9 } per cent cent, the Institute said. | | vealers steady ‘early: closing weak, In Business M. 158% 1% Va 18%

PROFIT-TAKING GUTS

STOCK MARKET RISE

NEW YORK, Oct. 16 (U. P.).—| Profit-taking reduced gains in the! stock market in afternoon dealings today after a morning rise of fractions to more than a point. Most leaders held a portion of early gains. In a few instances, including American Telephone, Anaconda, Chrysler and Consolidated Edison, minor losses were substituted. Trading turned dull. Steel shares, features on the recovery, fell back with. other sections, although Crucible issues and Youngstown Sheet & Tube remained strong. Crucible preferred was in the small group making new highs. Automobile issues turned irregular. Union Pacific was up more than a point. = Douglas Aircraft jumped more than a point. Oils tased while mercantile issues were mixed. a %

DAILY PRICE INDEX

NEW YORK, Oct. 16 (U. P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100): Yesterday seecvessvsrseenees 120.10 Week 280 ssossessnsssessses 118.91 Month 280 e¢cesececsccscsesa 115.58 Year 80 siqcvsessvsnssessees 119.68 1940 high (Jan. 2) seseeeeees 123.34 1940 low (Aug. 19) ceeeeecees 112.42

FOREIGN EXCHANGE

NEW YORK, Oct. 16 (U. P.).—Following |

are noon cable rates on major currencies: Cable Rates Net Chg. England (pound) ...$4.043, —.00%%

$2 & $3.85 ‘wm LEVINSON

LED 235 MASS. AVE. Your Hatter: WILTON “CARPET, 18x2%-In. SAMPLES 9c ' SHERWIN SPECIAL - - SHER / Has a Paint for Every y Purpose. COSTS LESS

4 8774 Ve

‘Because {t:Lasts Longer.

~ MONNEGUT'S

43 STANLEY JEWELRY 00. | ftirdturac es «ooo 8, +:00% : I$ W. Wash. Lincoln Hotel Bldg. || Finland (markka) ©... 0207 ....... Sweden (krona) weaves 12387 -.0000% Rs aay i RY i Fall Fashions Advertisement

Asthma Mucus Loosened First Day

Choking, - gasping, wheezing spasms of Bronchial Asthma ruin sleep and energy. Ingredients in the prescription Mendaco quickly circulate through the blood and commonly help loosen thick strangling mucus the first day, thus aiding nature in palliating the terrible recurring choking spams, and In Dramosing freer breathing and restful sleep. Mendaco " not a smoke, dope, or injection. Just sant, tasteless pal- | liating tablets that ge helped thousands of suiferers. Printed guarentes with eac EE back unless complecel ‘your druggist for

dace. todas ani 0c. Men

Sah sak SEE

"THE INDIANAPOLIS [TIMES ° Indiana Defense Industries Lead the Nation in

% | windowless factory is the Austin

‘ition firm with headquarters: at “|Cleveland. It built (and is building)

’ lupon air conditioning.

‘story units.

|factory space is needed, these areas s could be covered over to. make one

. (underground would be at least four

DESIGN PLANTS FOR TOTAL WAR

Co.,

Marmon - Herrington Allison Here Used As Models.

New industries—even in Indianapolis—are preparing for “total war.” The possibility of an “enemy” bomber evading coastal defenses and penetrating this far into the heart of the country may be regarded as remote but no chances are being taken. Because the old type of factory building “can’t take” bombing attacks, new designs are being developed. There is the “blackout” plant— such as Allison. ‘There is the splitunit plant—such as Marmon-Her-rington, And there is the underground factory—such as part of the smokeless powder plant at Charlestown is expected to be,

Thus Indiana is pioneering in all three new types of “bomb-proofing.”

Austin Favors ‘Blackout’ Chief exponent of the blackout or

Co., a big engineering and construc-

the General Motors’ Allison airplane engine division in Speedway City here, Now, Allison is serving as a model for- a warplane factory for Grumman Aircraft Engineering Corp. at Bethpage, Long Island, and for Collins Radio Co., makers of radio aircraft equipment at Cedar Rapids, Iowa. The windowless plant is possible because of developments in lighting | and air conditioning. Fluorescent lamps are used and it is claimed |

they burn with a negligible amount |

of heat, make the factory easier to cool in summer. Because the plant has no windows it is dependent

The blackout plant has the advantage of being invisible at night, may be camouflaged: more readily and workers can be more easily protected against poisonous gas because of the air conditioning.

Buildings Spaced

Mr. Austin points out also that light, temperature, humidity, noise, dust and fumes can be controlled more easily in a windowless plant, giving advantages for making high precision machinery such as airplane engines or for making chemicals.

The H. K. Ferguson Co. of Cleveland is following the split-unit design for the . Marmon-Herrington Co.’s expansion here. The concern is making tanks for the defense program. Buildings are spaced some distance apart, making the factory less vulnerable to airplane bombs as damage to one unit would not impair efficiency in the others.

Build Underground

When finished, Marmon-Herring-ton will have four individual, singleThe space between buildings can be used for storing

parts and materials but if more

large plant. ® Only meager reports have filtered past European censors but it is believed many war plants over there have been constructed in the sides of hills underground. Engineers estimate the cost of putting a plant

times as much as if the plant were above ground. The War Department has permitted few details to be known about the 25 million-dollar smokeless powder plant at Charlestown but it is generally believed. much of this huge defense unit in Southern Indiana will be underground.

U. S. STATEMENT

WASHINGTON, Oct. 16 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 14, compared with a year ago:

This Year Last Yea Expenses .$2.683,830.890.94 $2. 793,302. 564. 24 Receipts .. 1,657,643,472.49 1,589,258,688. 3 Gross cef . 1,026,187,418.45 1.204,043,785. Net def .. 1.009..253.568.45 1.194.548. 725. 8 Cash bal . 2, 199. 047,903.97 1,989,213,807.93 Work. bal. 1,462872.973.21 1,290,846,732.61

Pum. debt 44,059.874.298.00 40.902.759,002.14 Gold res..21,371.216,521.65 16,992,224,636.65 Gold res. 21. 3 216,521 65 16,992,224,636.65 238

Customs. . 3.929,984.82 102,131,981.87

30 INDUSTRIALS Yesterday «......cc0c00000.. 13L48 40.75 Week AZO ..cccccesnecsveses 130.54 —0.77 Month AED cieoeccecccccee.. 131.28 40.85 Year Ao ....icccconvessees 153.54 =—1.08 ‘High, 1940, 152.80; low, 111.84. : High, 1939, 155.92; low, 121.44. | 20 RAILROADS Yesterday ....co0cc000000000. 28.64 0.07 Week ARG ....occcecesconcee 28.56 0.04) Month Af0 ...cocevvevcesces 28.36 0.08 Year Ago ...... eadaneberies 34.51 —0.50 High, 1040, 32.67; low, 22.14. High, 1939, 35.90; low, 24.14. 15 UTILITIES Yesterday .....cce0000000... 21.92 40.40 Week ARO ....oviennvecesces 21.40 —0.15 Month Ago .. cesvssissses 22.15 4-015 Year Ago .......... cecnsnes 25.15 —0.12 High, 1940, 26.45; low, 18.03, High, 1939, 27.10; low, 20.71. . Net High Low Last Change Int Hyd El A . 2% 2% 2% + % Int Nickel ..... 271% 2 27% cane fit wr Lu 11% 18% 14% ry n eevee 8 feet Johns-Man .... 67% 67% 67% — 3; Jns &- rd 7 pf 91 91 91 + Ya fn Kennecots ..... 30% 30% 30% + % Ye ; L-O-F Glass .. 43% 43% 43% + ¥% Libby uN & L 0 ool Po ees Ya /4 4 eens Lotknd Aroratt Rh 28% 28Y, .... LOBW'S hi.ceea. 82 28%2 25a — 3: —M— M St Ry Br pf. 9% 915 82 .... Marshall "Md .. 14% 142 14Y3 .... Martin (Glenn). 31 31 - 2 Martin Parry .. 30% 10%a 10%, .... Mengel 15% pf... 20; 20% 20% ... Miami Cop .... 8% 82 812. + Y Minn Hny ..... 47% 47% 47% +4 Y Mo-K Tex i ve Vs 2Y, 2s ..ee Mont Ward .... 41%s 41% 41% .... Motor Prod .... 13% 13% 13% . Mueller Br .... 21 21 21 esd {Murray ...oee.e. 6% 6% 6% + : —N Nat Acme ...... 19% 19% 19% + % Nat Biscuit ..., 18% 183% 18% — Ja Nat Cash Reg. « 13 3 13 + Ys Nat Dairy ..... 13% 13% 13% + Ys Newport ing ... Ts 8 + 33 IN ¥Y Central ... 147% 14% 14% + INYC&StL pL... 30% 30 30Y2 +4 Ys Bok BE fe BE To —2ZY2 20 20 + No Am Avn ... 163% 16% 163; .... Norwich Fharm. 14% 14%2 14'%2 .... ? —e Otis Eley ..... 152 15% 15'%2 +4 % Otis Steel ..... 97% 9% 9% + YW Pa Pac Am pish oe Va Va Ta + Ys Pac G & El .29Y4 293% 20% +4 Za Pacific Lig . 39% 391, 39Y2 + Vi Packard |... 3, 3a + Ws Pan Amy Air .. 13% 15% 1534 .... Paramnt Pic .. 7 7% 7 + Ya Parke Davis .. 33 33 33 ees Dentey Bt deeesvss 3 30 ou 5 “0 TE v 3 Phelps Dodge. . 319; 313; 31% + 3% Press St] Car . 12 12°. 12 + Ya Pub Serv ..... 333% 333 333% — a Jullman | Hessen 21% 21% Biv + Vs ure aes Sass ee Radio ...ieeee.e 4% 43, 43: ues Radio pf w.... 59 59 59 + Yai Reo Mot. vtec... 1% 1Y 1% +4 Vs Republic, &tl .. 18% 183% 183% -- la Repuh 8tl pf A. 89 89 89 + Ya Revere Cop ... 12% 12% 123 + Rev “Mei | B., i 02 §8 ge La! eyn Met . |Reyn Tob 188% 3B abn LT |Rustless asi 13 13 13 + 1 — Safeway ....... 431, 43'4 43% + YU Safeway 5 pf...107Y% 107Ys 107% .... ‘a, |Savage Arms 30 30 30 +18 Schenley Dist nf 5 76 % —1 Sears Roebuck . 79 79 79 +4 1% Servel Int ..... - Jon 10% 10% + 1 Sheaf Pen 37 31 37 -_ 1 Shell oon] oil... "an 812 82 — la Simm 18% 18% 18% + Simonds Saw-Stl 23 3 C23 — 1 South Pac 9 87a 9 + Ja 3 13%s 13's + Ja 2Y 32, 324 + % 6° 65s 6% .... 11 1%z 1% 4''% : 3° }3% + Js . 8% Tau Tg Uy Sym-gould ww. is Ta 1% + Sym-Gould xw. 6 6 6 cess we Talcott J pf... 32 32 32 seve [Tesae, dd Le. 34Ys 34Y 34% — Va ry 3 33 33 + 12 [TimkD “ax vee 29 29 eeve) | Timken B.. fu 47% 47% + Yi —U {Union Carb ... 73% 3% 13% 4+ % un Oil Cal .... 13% 12% 12; rr Ya UA Air Eines | 18 9 Ja fs TH United Corp 1%, 13, 1% ais Ehud Cp f°. 33% 33% 33% + a Un Duewood of 3s 3. 30 — 2 RES, a 48 4 {Un Gas mo pf.116 116 6 — {US & For Sec. 3% 3% 3% — ¥ |B s Freight ... 30 1 30 + Va Gypsum. is y S Gypsum p pf. 178% 178% 178% + be US Rubber... 30% 207% 20% 1 ia US Rubl1pf.. 162 162 162 .... 2 Sheet pr 123 we aoe x * u teel pi.. — i Vanadium ..... 33 33 33 4 Ya Van Raalte ... 27% 27% 27% - # Virginian Ry pf 33% 33% 33% +4 Ya — . Walker (H) di 28% 288 .... Walworth ..... 4%, 49. ov. Ward Eak pf 180 15%2 15% — 3 | wayne Pump .. 19 19 19 + Wi West Union 19% 183% 193s .... | West Air Bke.. 2 A 20% 20% — 3 WEEE 0 ATE CE RE CRE willvs O3 Overland 2 2s Sle rip ils ive At Tron 30% 30% 30% + Woolworth .... 33% 33%s 33% ...s YY — Yellow Tr ... 30 14% 143, .... Yellow T of .." 119 11 19 vies Young Sheet. . 387. 35% 35% + EY A . Zenith Rad .... 147 147% 14% +

INDIANAPOLIS CLEARING HOUSE $ 4,501,000

Clearings 13,495,000

ebi

CHICAGO, Oct. 16 (U. P).— Acting Administrator A. W. Colebank announced today milk producers in the Chicago marketing area will receive a blended price of $1.75 per hundredweight for deliveries during September. The rate was 3 cents higher than that for August, but total payments to producers will be almost $100,000 less. September deliveries will bring producers $2,71€,475.24, compared with $2,814,23826 the previous month. because ,total deliveries last month were below those for August. There were 154,345,184 pounds delivered during September compared with 162,672,732 the previous period. The blended price was determined on the basis of prices which handlers paid for milk supplies in

the four classes of utilization. These were $1989 per hundredweight in in Class: s 11, st 314

Milk Producers in Chicago Area to Receive Higher Price

Class III and $1.159 in Class IV. The September poundage represented 54.03 per cent in Class I sales, 35.74 per cent in Class II, 1.83 per cent in Clas sII and 840 per cent in Class IV, Mr. Colebank said. Percentages in Classes I and II for September were higher than for August, while percentages in Class III and Class IV sales were lower than for the, previous period.

$29,886,686

‘Bomb-Proofing’

Allison jn Speedway City § is built after “blackout” patiernting windows.

Local Utility Stock Traded

Public trading ‘in the common stock of Indianapolis Power and Light Co. began on the Chicago Stock Exchange today. The stock, formerly held by a utilities holding company in the East, was recently sold to the public at $24 per share. The ticker taep showed the first transaction was for 50 shares which

sold at 23% ($23.50).

McMaster, Hutchinson & Co. was appointed specialist. and odd-lot dealer and John W. Billings and W. W. Haerther were appointed cospecialists and odd-lot agents. The stock will be traded in the optional odd-lot system of the exchange.

STATE DEFENSE AWARDS GAINING

in Contracts Allocated Between Sept. 16-30.

Between Sept. 16 and 30 a total of $29,886,686 in national defense orders was placed in Indiana, according to the Office of Government Reports. This brings total Army and Navy contracts placed with Indiana manufacturers since June 13 to $77,488,162, Clarence Manion, Indiana director for the office, said. The WPA, in addition, has defense projects involving $375,825 and the Office of Education allocated $73,526 to Indiana for defense training. Largest Army contract in the latter part of September was for $23,050,000 to the Indiana Ordnance {Works at Charlestown for smokeless powder. General Motors Corp. at

Anderson received two contracts for

artillery ammunition components totaling $3,593,500. Schwitzer-Cum-mins at Indianapolis received a $1,057,500 contract ‘for the same item.’ The one Navy contract was to the Deput Manufacturing Co. at War-

saw for aluminum pole litters cost-

ing $22,900. The total list for the period: “Pullman - Standard .Car Manufacturing Co., Hammond, infantry

weapons, $838,150; Indiana Ordnance Works, Charlestown, smokeless pow-

der, $23,050,000; Bendix Aviation Corp., South Bend, carburetor assemblies, $191,167; Anaconda Wire & Cable Co., Marion, submarine mine cable, $138,000; Schwitzer-Cummins Co., Indianapolis, artillery ammunition components, $1,596,695; General Motors Corp., Anderson, artillery ammunition components, $1,057,500; Stewart-Warner Corp., Indianapolis, parts for field ranges, $107. Meyers & Son Manufacturing Co., Madison, waterproofed bedding rolls, $23,170; Albert Given Manufacturing Co.,, East Chicago, light serge trousers, $5465; C. B. Cones & Son Manufacturing = Co., Indianapolis, working suits, $2095; Jay Garment Co., Portland, working suits, $39,164; General Motors Corp., Anderson, artillery - ammunition components, $2,536,000; U. S. Rubber Co., Mishawaka, mounted rubber raincoats, $108,960; Lewis Meier & Co., Indianapolis, denim working trousers, $18,563; U. S. Rubber Co. Mishawaka, dismounted rubber raincoats, $258,750; Deput Manufacturing Co., Warsaw, aluminum pole litters, $22,900.

PRIGES HOLD EVEN ON WHEAT MARKET

CHICAGO, Oct. 16 (U. P.) —The

wheat market continued to absorb |

a steady flow of offerings on the Board of Trade today and prices held around steady to small frac-

tions of ‘a cent higher. Other grains ranged from steady to strong.

At the end of an hour wheat was pnshanged to up % cent, December Corn was unchanged to a higher, oats unchanged to cent up and rye off 4 cent to up 14 cent. Soy beans advanced 1% cents to 17% cents a bushel,

WAGON WHEAT

Indianapolis grain elevators are paying for No. 1 wheat. 80c; subject to market change; other grades on their merits, ash) yellow shelled. 60c: LR ones. 68c: No.

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BAIN EXPECTED IN GROSS TAXES

State Division Anticipates Eight Per Cent Rise In Third Period.

The State Gross Ineome Tax Department expects an 8 per cent. increase in collections for the July-August-September period as compared to the same period last year. Gilbert K. Hewit, division director, said, “Preliminary calculations substantiated by reports from branch offices throughout the state point to an increase of about 8 per cent over collections for the same period last year. Collections for the second quarter of 1940 totalled $5,193,927.27 as the books were closed Oct. 1 preparatory to receiving payments now being made. Collections for the second quarter of 1939 totalled $4,878,354.46. That is an increase of $315,572.79, or 6.4 per cent, for the second quarter of 1940. “If Gross Income Tax collections continue to be as good as they have been during the past two years, at the end of 1940 approximately 145 million dollars will have been made available for replacement of property taxes since May 1, 1933. “The 1940 distributions from Gross Income Tax funds are how complete. The distributions are made to the local schools and local

purposes. The 1940 distributions totalled $20,639,456.74, and will serve as replacement revenue to lower property tax levies. * “Marion County received $2,349,752.25 in distributions. Property tax rates in Marion County would have to be raised 38 cents on each $100 to produce an ‘equivalent amount of revenue. In many other counties the rates necessary to produce amnunts equivalent to the amounts received run much higher. For example, in Switzerland County a rate of $123 on each $100 would be required.”

LOCAL PRODUCE

Heavy breed hens, 12c¢c: bareback hens, llc; Leghorn hens, 8c: bareback Leghorn hens, 8c; Barred and White Rock springers, 13¢; other colored heavy breed springers, 12¢: Leghorn springers, llc; bareback springers, 9c; old roosters, 6c. Indiana Grade A large eggs, 14c: Indiana Grade A medium eggs, 20c; small Grade A

eggs, 13e¢; No. 2,|16c. 321, @33c; No. 2, 30%@ No. 2, 27

er——No. 1, 3c; DS esteriat, No 6 8c: c. (Country pit klip prices quoted by the Wadley Co.)

units of government for welfare

"PAGE 19

PAYROLLS, JOBS

INCREASE HERE, C. OF C. REPORTS

Durable

Goods Industry Sets Fast Pace for September. Payrolls and employment ine

creased in Indianapolis in Septeme ber for the fifth consecutive month. That is the report of the Indianapolis Chamber of Commerce in its monthly business review issued today. " The durable goods industry set the pace of the economic upswing. Machinery manufacturing plants showed advances. New building passed the million-dollar mark for the” sixth consecutive month. ‘The biggest construction gains were in business and industrial expansion. The survey showed that reports 0 the Indiana Unemployment Compensation Division from 156 manufacturing plants revealed a 1.6 per cent increase in employment and 6.8 per cent boost in payrolls from August to September,

Building Gains

The durable goods group ade vanced employment 5.6 per cent and payrolls 12.2 per cent in the same period. Retail trade firms showed gains of 10.2 per cent in eme ployment over August. - Manufacturing plants reported increased employment of 22.2 per cent and payrolls of 37.4 per cent over: September of last year. . The total valuation of building permits was 19.1 per cent ahead of a year ago, but 10 per cent‘under the preceding month. Relief Rolls Dip Electric power consumption gained 8.8 per cent over Septeme ber of last year. Industrial gas use was 10.5 per cent ahead of Sep=~ tember, 1939. : Relief rolls in Center Township declined 3 per cent from August and 39.9 per cent from September a year ago.

LOCAL ISSUES “i

The following SJuotations by the Indians apolis Bond & Sha Corp. do not repre sent actual price or “orterligs. but merely indicate the approximate arket level based on buying and Selling quotations of recent transactions.

tocks _ Bie Ask Agents Finance Corp com. Va 9 Belt RR & Stk Yds com...... 568 © Belt RR & Stk Yds pfd 5s.. 54 Central Ind Pow 7%, pfd...... 7 81 Hook Drug Inc com.......... 14 18 Home T&T Ft Wayne 5 pid. 50 53 Ind Asso Tel Co $6 pfd....... 107 110 Ind & Mch Elec 3% oid. .s Ind Gen Serv 6%pfd ..109 rows Ind Hydro Elec 7% fd’ sevens 82 86 Jndpis Gas com.....:... cesses 28 “as Indpls P&L e etsovy ceees 2215 24% *Indpls P&L 6% pid..........108%a: ... *Indpls P&L 6%% pfd .......111 114 Indpls Water 5% pfd .........102 :ixe Lincoln Nat Life Inc com ..... 28

N Ind Pub Serv 5%% N Ind Pub Serv 6% pid. N Ind Pub Serv 77%

Progress Laundry com........ 1 5% Pub Serv Co of Ind 6% pfd .. 46 49 Pub Serv Co of Ind 7% pid . £332 95% *So Ind G&E 4.8% pfd...... 102 Terre: Haute Elec 6% pfd...... 9 101 Union Title Co com-....... =32 .e Van Camp Milk pfd.. a Van Camp Milk COM..cevveass % 12 *Ex-dividend. Br » Bonds American Loan 5s 51......... 99 102

American Loan 5s 46 ........100 Citizens Ind Tel 4%s 61....... 103 106

Crabbs-Reynolds-Taylor 5s 42.. 97 100 Home T&T Ft Wayne 5's. ...102 105 Home T&T Ft Wayne Lg 43..102 105 Ind Assoc Tel Co 3'%s 70...... 106 109 Indpls P&L 3%s 70 ........ «se. 107 109 Indpls Railway Inc 5s 67..... 62% 654 Indpls Water Co 3's 66. 10% 107 Interstate T&T 5'%s 53....... 101 Kokomo Water Works 5s 38. 108% 107% Kuhner Packing Co 42s 59...100 03 Morris’ 5&10 Stores 5s 50....100 103 Muncie Water Works 5s 65...104% 107%

Nat Silk Hosiery 6s 42 ....... 97 100 N Ind Pub Serv 334s 69 ein 108%: 108% N Ind Tel 4'%s8 55......... 5 60 Pub Serv Co of Ind 4s 69....106% 108% Pub Tel Co 428 55............ 00 103 ‘Richmond Water Wes 58 57...104%2 107% Trac Term Corp 5 8 57........ 13a

*Ex-dividend

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