Indianapolis Times, Indianapolis, Marion County, 18 October 1940 — Page 30

PAGE 30

BUSINESS

Building Construction Contracts This Week Highest for Any Week on Record

By ROGER BUDROW

ENGINEERING CONSTRUCTION AWARDS IN THE week ended yesterday were the highest for any single week . on record, according to Engineering News-Record. That news was probably the chief stimulus to the stock market's

advance yesterday.

The authority reported an impressive list of contracts which built up to the giant total of $238,793,000, an all-time|. high. It brought the figure for the year up to $2,920,744,000 | = which ig 19 per cent above last year’s total for the corrg-| ga

sponding period.

Experts estimate that construction awards this year, spurred by the tremendous national defense task, will be at least 25 per cent above last year which would bring them to $3,750,000,000. This would be the highest since 1929 when the all-time record (for a whole year) was made at $3,950,000,000. Roger Budrow In some quarters it is believed the 1929 figure will be topped and that the 1941 total will even beat this year.

” = » D. A. WILLIAMS, president of Continental Steel Corp. at Kokomo, in the latest report to stockholders, points out how profits can go down although sales go up. The first nine months this year the steel firm's sales were $13,134,409 as compared to $12,832,055 in the first nine months last year. Profits the first nine months this year were $492,106 compared with $730,445 the first three quarters last year. “Earnings,” wrote Mr. Williams, “were affected by a continued price weakness of certain steel products which we manufacture and by substantial increases in the price of scrap, zinc and other raw materials which we must purchase. o » EJ

JUST BECAUSE Tom K. Smith, president of the Boatmen’s National Bank at St. Louis, was elected to the American Telephone & Telegraph Co. board it does not mean a decentralization of control, a company spokesman said today. Recently other persons residing outside of New York were elected to the board for the first time in many years. The A. T. & T. spokesman said

that while the regional selection of |Good

capable individuals is “desirable” it did not mean that direction of the giant telephone system would pass |; out of control of financiers actively engaged near the company’s New York headquarters. He added that it was important that enough directors live in New York so a quorum would be present at board meetings held there. #8 =» ODDS AND ENDS: The Guaranty Trust Co. of New York has closed its Antwerp office, transferred the business to its branch in Brussels, Belgium. . . . Using a new fleet of 84-ton Boeings, Pan-American Air-

ways plans to cut a day off the 5%z- |

day flight between San Francisco and Manila (7000 miles), probably eliminating the Midway Island stop. . Science Research Associates finds Washington is a mecca . for career women; 40% of the civil servants there are women compared with 15% in other parts of the country. . . . A & P annually saves a million dollars by selling reconditioned boxes, egg crates, tubs and barrels. . . . B. F. Goodrich claims rubber bands are used more widely than any other of the 32,000 rubber industry products; 10 billion bands are produced a year. ... Aluminum Co. of America says 88 American breweries are now using aluminum beer barrels compared to 73 & year ago. . . . The SEC may experiment with decentralizing its work from Washington by opening regional offices in Cleveland and San Francisco. . . . The Philippines will spend $250,000 on drilling to determine if there is any oil on the islands. . . . Truax-Traer Coal Co. has borrowed $650,000 to buy 4400 acres of coal land in Illinois. . . . RFC is expected to loan Reynolds Metals Co. 15 million dollars to build an aluminum plant in the TVA area.

WHOLESALE FOOD PRICES GO HIGHER

NEW YORK, Oct. 18 (U.P.).—'s Wholesale food prices in the week! ended Oct. 15 rose to the highest level since May 7, Dun & Bradstreet, | Inc.. disclosed today.

31 The company’s index of 31 food | geceipis

commodities in general use for the |hizher: top. $6. ts; 250-300

latest week stood at $2.33 compared |

.with $2.32 in the preceding week and |300. $2.43 in the corresponding 1939 week.

Ingreases for the Oct. 15 week were registered b, flour, wheat, corn, | rye, oats, lard, butter, cheese, sugar, cocoa, eggs, steers, hogs and sheep

while only cottonseed oil, beans and '

Ui Dealers Intual

FIRE — CASUALTY AUTOMOBILE INLAND MARINE

INSURANCE at substantial savings

Wa. 2456

Choice—

PORKER PRICES ADVANGE DIME

Sellers Sought 20 Cents

Edward R. Stettinius . . . made $100,000.

More at Stockyards; Ship 8383 Hogs.

Sellers of hogs at Indianapolis

N. Y. STOCKS

stockyards tried to get 20 cents a hundred pounds more for their hogs today but after an hour agreed on a 10-cent advance over yesterday's prices. Weights above 160 pounds, which have been the only weights involved in the week’s fluctuation, still are a dime lower than the close last week, the Agricultural Marketing

Service said. The practical top of a

the market here today was $6.40 paid for good and choice hogs

weighing between 230 and 240 A

pounds. There were 788 salable cattle re-

ceived today, 385 calves, 8383 hogs A

and 2157 sheep.

Oct: 13... Sf oe

Top Repts. ges. Top Repts.

«$540

eles 6 18 .... & 30 8383 Packing Sows

2n- 20. 4 8 15- 6.25 6. 830) 6.10- 6.20 6.00- 6.15

5.80~ 3.3 5: 5.9 5.60- 3% 4.75- 5.75

Siang utes Pigs 0- 120..

& Vealers (Receipts,

6.50 12,405 Barrows gd Gis | 20- 140 § 5.00 | 130- 160. 160G- 180. 180- 200. 220. 240. 270. 300. 330. 360. Bile 160-3 :

re Cattle

Bulls $12 50- B: 00) Peariings excluded) 25/Good 6.7

Tooi3 Tg ets. | 13-75-1375] Medlin 5.25

. 4.75- , 4] 5 12. 00| Cotta and . 50-15 2a common . 4.78. : : 75-12.75| Veaiers 1300-1500. 10.75-12. 5! Good and Medium — choice.. 10.50-12.00 750-1100. 8.00-10. 75|Commeon n &. 1100- 3300. 8.00-10.75! _medium.. $3 .50 Feeder, Stocker eers (Receipts, 383)

Common | 750- 1100. 6.25- 8.001 Choice— 500- 750. 11.50-12.50! 5.0 9.25-10.00 | C 9.25-10.00

Steers, Heifers 1 Good —

: 0 500- 750. 10.25-11.50|Go0q Heifers

80 i 500. 11.25-12.00/M

500-1000. 7500 900, 10.25-11. 25/Common— Mediu | 500- 900. 6.2 500- - 900 7.75-10. 25) Calves (steers) Com nd choice— 300- 900. Cows 0 8. Good .... 6.25- 7.25 Medium.. 5.50- 6.25 Cutter and common. 4.50Canner .. 3.25-

6.00- 7.25

500- 90 500 down -8.25-10.00 Calves (heifers)

004 — 5.50| 300 Sow 7.25- 8.25 4.50! Medi

SHEEP AND LAMBS (Receipts,

Good and choice Medium and good Common

215%)

Ewes (wooled) Good and choice 33d do

CHICAGO LIVESTOCK

Hogs — Receipts. 6000; Sire; mostly steady to strong; spots to 1 cents higher on choice Edimwetsit butchers and: well-finished 200: Ss} $6.65; bulk ood and choice i S00 ioe. [email protected]; 00-360 1lbs.. [email protected]; most 180-200-ib. weights, $6. 35006 05 oo 300-. 0- 15; aE ing cows. $6@6 25: 350-400 6.10: extreme weights, $5.50@5. Te Cattle—Receipts, 1000: calves. classes and grades around steady: 1g carryover steers and yearlings, 12.75 with grassy kinds downward 1 $9.50 medium to good lightweight heifers, $9.65 @11; few strongweight cows, $7 and above; supply mostly preys kinds at [email protected]: canners weak to $4.25 and below: odd me-

: late ad fat vy to $10 pets oye , 590d to ghoice natives, $9.25@39. 0; medium to good 93-Ib. iy, At $8.75: just good 81-l1b. fleshy feeders, $9: today's trade complete early clearance, fully steady: bul p R300 to choice native lambs to LE few $9.40; throwouts 3 loads So 80- 1 Colorado Montanas,

ht yearlings 8 “medi {og good. or 50; few slaugh ow.

ewes, $4.2

OTHER LIVESTOCK ’

Oct In pr . 10 Teety ERE: 220- 240° ah "$6, 20; 73005570 | 1nt Harvester . $6.05, 16! bs., | Int Nick Ls weve

os $6.2 0: Sin: 260

180-200 1b.

bs 88.26, 260 s.. $6.15; I

5.9 580. 300 Ibs., .05; 225- Int P lbs., $6; “ibs. 95: Int T & .. $5. 20; Ibs..|INt T & T $4.70 1

1bs.. i 95; ' stags. $3.75;

IRE P.). —Hogs— Active. generally 3 cents Ibs.. $6.30: 100- | 1bs.. [email protected]° sows, mostly so! Cathie Recents Son; total, 550. Calves, Active, stron cutter to medium steers and heifers” 36.75 [email protected]; good and choice vealers. $11 Sheen Receipts C856. Slow, steady. Good lambs, $949.50: common and medium ewes ad wethers. $6@8

LOCAL PRODUCE

Heavy breed hens. 12c; bareback hens, 1c: Lerner hens. 8c: bareback Leghorn hens. 8c: rred and White Rock springers. 13c: zo colored heavv breed springers, 12c: Leghorn springers. 11c; bareback springers. 9c. old roosters, 6c. Indiana Grade A large eggs. 24¢: Indiana Grade A medium eges. 20c' Small Grade

A eggs. 13c: No 2, @32¢: No 3.20 2@

calves,

4500. }140,

. Butter—No 1 31% 31c: butterfat—No. 1, 28c; No. 2, 27¢ (Country pickup prices quoied by the Wadley Co.)

FOREIGN EXCHANGE

NEW YORK. Oct. 18 (U. P.).—Following are noon cable rates on major currencies Cable Rates ? Net She: England (pound) _ .. $4.04 Canada (dollar) Italy (lira) Finland (markka) ..... Switzerland (franc) .... Sweden (krona) Japan (yen) Mexico peso)

FOOD PRICES CHICAGO. Oct. 18 (U. Ea anples— Wisconsin Mackintosh, bu., $2. elery— Michigan, c. Tomat oes California. iL [email protected]. S Illinois,

ina. . « Gaulinower —Colo- : sot 65c. Carrots—New Mex2 io ex 3.75. Sweet Potatoes—Ten85c%$1.30. Onion Market . sacks) —Illinois Yallows, 50@65¢. Colorado Sweet Spanish,

COAL OUTPUT SLUMPS

WASHINGTON, Oct. 18 (U. P.).— Bituminous coal production in the week ended Oct. 12 amounted to approximately 8,100,000 net tons, a decline of 244 per cent from the total of 10,715.000 tons in the corre-

@50c.

sponding 1939 week,

Trusts That Benefit

Will becomes operative.

dependants.

You need not pustpene the establishment of your trust until your You may establish a living trust which can be made effective during your lifetime for the benefit of your

Consult Our Trust Officers

THE UNION TRUST COMPANY

Capital & Surplus $3,000,000.00

While You Are Alive

Abbott Lab ..... Adams Exp ... Alaska a. Allegh Lud Stl. 23% Alliea open.

11.488 | 4 894 Anaconda ..... Armstrong Ck.. Assn Dry

tchis Al Refin ing . Aviation Corp .

Best & Co Beth Steel Beth Steel 7 Bliss & Laug

B 4.75- 5.10 88) Bu

Burlington M .. Burroughs 3 Byers

els 3

an 2.50 7751 i down 9.00-11.00 g Medium — Cont 00- 9.00 [Cont Mot

2 Cutler-Ham

0 Dears &1,C0 «11x s Dev & R A .... 132 Dist Seag 7 Do

Du Pont of ...

Gen Gen 1k Gen » [Ge Gen Gen

Jones & L 7 pf

Kennecott Kresge SS .. Kroger G & B.

High Low i 562 56% 5% 5% 4%

170%; 36

& FPwr $pf 16 & F Pwr 2pf 3% Loco 16

Woolen pf. 51} p 23

Gds.

17 Zo 21% 4% 4% Be 3% 31%

82} 8212 Re 123% 122% Va

Van 4% Budd Wheel ° FN

M

Cal Packin | Catormiiar aterpilla . a eTPi Pasco. 297 |

/2 2% 3% 28% Peab ... 3

C 8.25. 9.25/C m

Com & So

pt 1.25- 8.25 Comwith Edison 30% 5- 1.359 son

Cra 560" own 7.50- 8.75

13 20% a 21s 15% alls 16 CL Ce East Alr Lines . 35

3 El Pw&L $7 of Eng Pub 8 9 Ex-cell-o

F 200; all (Fed Lt & T

ntkot Pkt Stl .

Am Tr, Bronze... Blectric n Foods G&E fi Motors ...

Sian

Gt North i Greyhound Cp .

Herc Mot Houd-Her B ... 12 Houston Oil ...

Hud & Man

Hud Bay M&S.

fterjake Ir i

cke & &

nt P : - nf.

T 3? For.

95% —K— .. 31k . 251, 3212

95%

31a 25%, 32%

Laclede G 73%

Laclede G

Marine Mid St Ry pr pf. Marshall Fld .. Martin Masonite Corp . McKes'on & Rob Mont Ward .... Mor & Ess .... Motor Prod

Glenn).

Nosh ely

19% .

Net Last Change

56%, }

BE

, | Yesterday

8 No Am Avn.

4 | Otis Elev

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS +0.52 +0.65 +0.2% —0.36

Week Ago Month Age Year Ago High (1940), 152.80; Low, 111.84, High (1939). 155.92; Low, 121.44. 20 RAILROADS Yesterday ‘ Week Ago ... Month Ago . Year Ago High (1940), 32.6%; Low, 22.14. High (1939), 35.90; Low, 24.14. 15 UTILITIES Yesterday Week AZO c.vivevvsveresss eo Month Age Year Ago High (1940), High (1939),

26.45: Low, 18.03. 27.10; Low, 20.71.

Net Change 5% 4 Va 20% + Va 173% + la

Last : 17%

15%

9%

+ Y Otis Steel weer

29

pajam} ict ’ Pen Phelps Bodac.” Phillips Pet Pitts Coal pf.. Press Stl Car.. Pub Serv

Pullman

Reading ve 4 14 Republic Stl... 19% 19%

2 |Sears Hoeliok,

T+ bp

. Wright Aero,

[414+ DH + +H

Young Stl Dr.. 8

Va {Net Def. .

Customs ... ®

Safeway Safeway 5 pf..

Sharp & D “ Shell” Un Oil...

Swift & Co ....

A | Texas op en 337

Tex G Sul

Transameric Te Tra & ms. . 20th Sor as

Union B&P .... Union Carb .... 4 Un Pac nf Un Tank Un Aircraft

Vanadium

Walgreen Warner Bros ..

West. Air Bke Westvaco White Mot White Rock White Sew M.. Wilson & Co... Woolworth : Worthington ... 22 Worthing prpf. ds

Wen . 15%, 383% 19%

15%, 382 19%

Yellow Tr. ... Young Sheet .. / 19%

CORN, WHEAT SELL AT LOWER PRICES

CHICAGO, Oct. 18 (U. P.).—Stiff resistance developed in the Board of Trade wheat pit today as early pressure forced prices fractionally lower. Corn reflected the dip in wheat. At the end of an hour wheat was off 14 to 3 cent, December 85% cents. Corn was % to 4 cent lower, oats unchanged to off % cent and rye 14 cent higher agams the trend. Soy beans were off 3 to 1 cent.

U. S. STATEMENT

WASHINGTON, Oct. 18 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 16, compared with a year ago: This Year $2.776,280,813.02 1,676.235,183.36 1,100.045,629.66

Last Year Expenses. . $2,887,384,398.32 Receipts

Gross Def.

1,922,781.535. 34 1.223,935,462. 0,905,125, 767. % 16,995,386,165.53 104,733 "308. 32

Cash Bal.. y Work. Bal. 1,392.922.894.20 Pub. Debt 44.066.166.075.72 Gold Res. 21,372,774.011.10 86,241,358.65

INDIANAPOLIS CLEARING HOUSE Clearings .........cc0veneeenane. $3,541,000 Debit 9,503

Members of the Indianapolis Chapter of the American Society for Metals will visit the new chemical and metallurgical building at Pur-

due University tomorrow.

They will see new equipment like these

two electric heat treating furnaces and modern temperature Sefording and controlling gauges. Hosts at the inspection will be Drs. J. Le Bray and J F. Eckel, Purdue faculty members,

William S. Knudsen . . . made $300,000,

« [given Uncle Sam about ‘wo million

._ |ernment, free.

= |Corp. to take a similar job—without

. not from the defense program.

2 The seven members of the Commis-

2 ily on colleges and laboratories. as 8'well as from the executive end of

000 (Army and ‘Navy officers have been

‘again, some were merely loaned to

DEFENSE GROUP |S PAID NOTHING

Even Stenographers, Clerks Make More Money

Than Bosses.

By WALTER LECKRONE Times Special Writer They say there was a quiet little poker - game in Washington the other evening in which William S. Knudsen, National Defense Commission production chief, catching a pair of aces, shoved a dollar -chip into the pot. “You oughtn’t to do that, Bill,” cracked one of his friends. “A man can't afford to bet a whole year’s pay on one hand in a card game.” The joke was better than the data. William S. Knudsen doesn’t get a dollar a year—he doesn’t get any pay at all for handling the 10-billion-dollar production job for the Government. He is the outstanding example of the bargain in men the Government has obtained for national defense—the bargain that has

dollars’ worth of brains for a total outlay of $84 in cash. Last year William S. Knudsen drew down $300,000 as head of General Motors. Now he works—and works even harder—for the GovEdward R. Stettinius quit a $100,000-a-year job as chairman of the United States Steel

pay—on the Defense Commission. Ralph Budd, chairman of the Chicago, Burlington & Quincy Railroad, got more than $50,000 in private life. Sidney Hillman, as president of the C. I. O. Amalgamated Clothing Workers, had a $20,000 salary, but he still gets that, since he has not resigned from the union— although the Government pays him nothing. Harriett Elliott, dean of women at North Carolina University, also is on leave for the time required for Defense Commission work.

Half a Million in Talent

Leon Henderson, member of the Securities and Exchange Commission and Chester C. Davis, a governor of the Federal Reserve Board, still get their pay from Uncle Sam, hut they get it. from their old jobs,

So, on the Commission itself the Government is getting talent for| which other employers paid nearly,

*|half-a-million dollars a year—and|

not putting out so much as a thin! dime for it. But that is only half the story.

sion each have large staffs that include some of the outstanding men in their various fields. These men do not work for nothing. By no means. Most of them get $1 a year. “John Biggers, president of Libbey-Owens-Ford Corp., of Toledo, has a reputed $75,000pa year private “job there. His present address is quite ‘likely to be a Pullman sleeper, since he gives four days a week to his glass company, three days to the Government, rushes back and‘forth from Washington continually. The ! three days in Washington bring him! $1 a year—the four days in Toledo still bring him $75,000. He will rest when the emergency is over. There are 83 others on the pay roll in that same category, probably none of them earning less than $10,000 a year, and ranging from there up to $100,000, in private life.

Many Keep Private Jobs

Most of them, in fact, still retain their private jobs, are merely loaned to the Government by their civilian employers who continue to pay their salaries. But they give from half to all their time to the defense program. The Commission has drawn heav-

2 | industry. Railroads, steamship lines, labor unions, trade associations, have turned over some of their key men and women for the defense job. A goodly number of

detailed, too, to the Commission. Help Paid More Than Boss

Not all the Defense Commission personnel, of course, works for $1-or-less-per-year. Many competent men in responsible defense posts had no private source of income. Some of them left private jobs by resignation, not by furlough, to take up their Government duties. Hale T. Shenefield, a Brookings Institution economist, now in an office administrative job with the Commission, is typical of this group. The several hundred office workers, stenographers, clerks and other employees were drawn largely from civil service lists, although, here,

the Commission by other Federal bureaus which .still pay their salaries. It is at the top where the pay is lowest. Every. stenographer or clerk draws la salary far in -excess of the boss. Even a private in the Army, with his $21 a month, is earning as much every 30 days as a Defense Commission executive will earn in 20 years

—at least so far as the Government

JOB INSURANCE

BENEFITS DROP|

September Payments Indianapolis Area Total $89,142.

Job insurance benefits paid in the Indianapolis area dropped from $124,507 in August to $89,142 in September, Compensation Division office announced today. September payments this year were $634 under September a year ago. About 2200 persons claimed benefits each week this September, the same as a year ago but below the 2930 in August. The Indianapolis area includes Marion, Shelby, Hancock, Hamilton, Hendricks, Morgan and Johnson counties. For the entire state September's payments of $586,455 represented the year’s low whereas the $1,050,529 paid in August was the year’s high. About half the decline was accounted for the South Bend territory, where payments dropped to $41,134 in September from $266,223 in August. George J. Smith, division director

J here, said the drop in payments re-

flected largely the resumption oj production by automobile and bodies and parts plants.

1,002,820 Hold Government Jobs

WASHINGTON, Oct. 18. (U.P.).—

The Civil Service Commission re-

ported today that more than half the increase in the number of government employees during the first

six months of 1940 was due to na-

tional defense preparations. Employment in the Government jumped from 832,305 in December, 1939, to 1,022,820 in June, 1940. The Commission estimated that approximately 40,000 employes were added during the period for national defense work. The Navy Department added 18,957: the War De-= partment, 13,217; the Panama Canal, 4449, and the Civil Service Commission, 951. Government employment now is at its highest peak in history, surpassing even the World War period when a total of 917,760 was reached.

MOST STOCKS SELL LOWER AT NEW YORK

NEW YORK, Oct. 18 (U. P.).—

The stock market made an irregular decline in light trading today. A few special issues made good gains. Douglas was at 82%, up 2; American Telephone 165; up 11, and Jones & Laughlin preferred 97, up 2 and a new high. Air line issues were firm and some rails were better. Oils weakened with Standard Oil (New Jersey) off nearly a point. U. S. Steel dipped to 611, off 3, and steels generally were easier. Republic Steel preferred lost 2 points. Copper shares were slightly lower. Automobile issues held at the previous close. Ward’s automotive re-

ports estimated automobile produc- |;

tion this week at 114,672 cars and trucks, a new high for the year.

in|

the local Unemployment}

Edwin Cambridge is president of the newly-organized I. A. S. Forum of Indianapolis. Eugene Howard is first vice president; Edward Warde, second joe president; Mary Virginia Hall, secretary, and William H. Lewis, treasurer.

PURCHASING AGENTS TO HEAR W. A. HANLEY

William A. Hanley, president of the American Society of Mechanical Engineers, will speak at the Inhdianapolis Association of Purchasing Agents’ next luncheon meeting Tuesday at Hotel Severin. Mr. Hanley, who is chief engineer for Eli Lilly & Co., has had charge of the construction of the local pharmaceutical concern’s plant in Europe. - George Stalker, program]; committee chairman, is in charge of arrangements. Thomas Scanlon is president of the local association which is affiliated with the National Association of Purchasing Agents.

20 Years' Work To Be Honored

Miss Margaret Leavitt will be honored on her 20th anniversary with the Metropolitan Life Insurance Co. here by a dinner-dance Oct. 26 at Hotel Antlers. Miss Leavitt started as a clerk Sept.. 20, 1920 a n d worked up to her present position as cash« (ier. Presentation of a 20-year ilveteran’s medal will be made by E. G. Fischer of New York, home office representative. Out of town guests will be John M. Reitz, South Bend managtr, and Mrs. Reitz, and Thomas P. Cusack, Evansville manager, and Mrs. Cusack.

+ Miss Leavitt

WAGON WHEAT

Indianapolis g or No. 1 wheat 80c: subject to market ange Stper grades on their merits. Cash cor 2 vellow shelled 60c: White oe. 68c: No. 2 white St %38c.

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Suits-Topcoats Overcoats

FRIDAY, OCT. 18, 194°

AUTOS SOUGHT BY ARGENTINA

Nation Moves to Increase Exports to U. S. for Exchange.

BUENOS AIRES, Oct. 18 (U. P.), —Argentina moved today to ine crease exports to the United States to provide exchange for the pure chase of American automobiles and parts. Minister of Finance Pinedo advised automobile importers to form a corporation for exploitation of any Argentine product in the United States market to raise sufficient exchange to overcome present shortages for financing imports of cars and parts. Importers had complained that exchgnge restrictions do not allow the country to purchase sufficient cars to meet the demand. Frequently these restrictions reduce temployment and cause partial closing of the Argentine automobile business, they held. Pinedo said all exchange available was distributed among importers and that if a greater amount is needed, those concerned should make an effort to create new exchange sources through their own efforts.

LOCAL ISSUES

The following quotations by the I diane apolis Bond & Share Corp. do not Yan. sent actual price of offerings. but merely indicate the approximate market level based on buying and selling quotations of recent bramsactions. ocks Bid Ask Agents Pinance Corp com. a 9 Belt RR & Stk Yds com 56 Belt RR_& Stk Yds pid bs.. Central Ind Pow 7% pfd 82% Hook Drug Inc com 14 16

N Ind Pub Serv 77% Progress Laundry co Pub Serv Co of Ind 6%;

4.87% pfd Terre Haute Elec 6% pfd.. Union Title Co com Van Camp Milk pfd Van Camn. Milk com....... “eos *Ex-dividend. Bonds

American Loan as 5 cevevenss American Yioan

67 Indpls Water Co 3148 66 Interstate T&T 5's 53 Kokomo Water Works 5s 53. Kuhner Packing Co 4lzs 59. Morris’ 5&10 Stores 55 50.. Muncie Water Works 5s 65. Nat Six Hosiery 5s 42

Trae Term Corp 5 *Ex-dividend

in elevators are paying |

DAILY PRICE INDEX

NEW YORK, Oct. 18 (U. P). — Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):

Yesterday .eeiceveccsnsess.. 120.21 Week O80 iuseressesdrasesses 110.44 Month 880 .ceivecerncsness. 115.34 Year ago ...c.cirasreeeneess 118.04 1940 High (Jan. 2) ..ee:ee... 123.34 2| 1940 Low (Aug. 19) .......... 112.43

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