Indianapolis Times, Indianapolis, Marion County, 23 October 1940 — Page 27

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i © Coo SRO A

WEDNESDAY, OCT. 23, 1940

SI eRe

BUSINESS

Cost

of Living in Indianapolis in August About the Same as July

-————— By ROGER BUDROW

: THE COST OF LIVING IN INDIANAPOLIS during August was about the same as it was in July, according to

Indiana University’s Bureau

of Business Research.

The survey, issued today, does not give actual dollars-

and-cents figures but makes other months.

percentage comparisons with

The information was obtained from the

Conference Board Economic Record and applies to the cost of living for wage-earners and low-salaried clerical workers.

From July to August food prices On the whole did not change but compared to August last year food is 6 per cent higher. Housing costs also remained unchanged but are 25 per cent above August last year. The same situation prevails in clothing prices but they were .7 per cent lower this August than in that month of 1939. Fuel and light costs went up 9 per cent which put them 1.9 per cent above a year ago August. House furnishings, on the other | hand, went down .8 per cent and | were .6 per cent lower than In| August of 1939. Sundries did not | change between July and August this year but were 2.3 per cent] higher than in August last year. When it’s all summed up, the increase in fuel and light costs was | offset by the decrease in the cost of house furnishings, the only two

Roger Budrow

items that changed. But although |

there may have been no change between July and August this year, the total cost of living in August, 1940, was 2.9 per cent higher than in August, 1939.

WHAT WILL "HAPPEN on the] stock market if Willkie wins? W.! H. Roystone, investment consultant, says: “The market will rally for one hour, stop near the 136 level of | the Dow-Jones industrial average, and then start a decline into January, provided there is no war crisis in the meantime to prevent the! one-hour rally. With a Democratic | success, we will not get the one- | hour rally.”

A SQUABBLE Fas Proken out between Jerome Frank, chairman of |

Securities and Exchange Coemmis- |

sion, and the Investment Bankers Association.

| The association wants the securi“unnec- |

ties laws “simplified” and essary” provisions eliminated. Mr. Frank charged “a small group of | ultra-conservative investment bank- |M ers”. is attempting to create a “ridiculous picture” of the SEC and to have the securities acts amended in such a way that the Commission would be powerless to prevent the sale of large security issues “even if the registration statements were clearly false and misleading.” The bankers retorted Mr. Frank's statements are “untrue and Mr. Frank must know that they are untrue.”

££ 8 =n ODDS AND ENDS: So tire manufacturers. won't be left holding the bag in case crude rubber prices rise, the Government is signing contracts for only three months instead of the usual six. . . . Big news in Wall Street is the decision of the United Light & Power Co. of Chicago to have only one kind of stock instead

of the usual common and preferred |

and Class A and Class B and so on. . More cigarettes were produced this. September than ever before in that month—nearly 15 billion. . . . New York City's railroad terminals | have the latest thing in mailing, -letters—a machine which prepays| and postmarks your letter when you | put the pennies in _the slot.... Patents have been cigarette case that shrinks as cigarettes are taken from it, and for electrically-heated spun glass underwear to keep deep-sea divers warm. , Harold G. Moulton, president of

Brookings Institute, thinks the na-|

tional income will rise from the] present 70 billion dollars to 80 billion. . . . W. L. Monro, president of American Window Glass Co., re-| ports this company is now producing | commercialy a rare cover glass for! microscopic slides heretofore supplied by Germany and used chiefly | in hospitals and by medical! scientists.

B. & 0. NAMES YOUNG BALTIMORE, Md. Oct. 23 P.).—Edgar W. Young has been appointed general solicitor of the Bal- | timore & Ohio Railroad with head-

quarters here, it was announced to-

day.

granted for aise

PRICES ON HOGS RISE 10 GENTS

Top Quoted Here Advances

To $6.40 on 230 to 240-Pounders.

Hogs weighing 160 pounds or more sold 10 cents higher at Indianapolis today than they did yesterday, the Agricultural Marketing Service re- | ported. |" The top was advanced to $6.40 for good and choice 230 to 240-pounders. Lighter weights sold at yesterday's prices. Vealers were steady with an 1$11.50 top. The Marketing Service reported 11344 salable cattle were shipped here today, 432 calves, 10,375 hogs and 1411 sheep.

Jop Repts. ENTE 11,752

10,375

L oct, Top 17 ...$ 6.30 18... 19 ... B

Repis: 10ct.

. 5.95- 6.15 5.80- 6. 1 5.90- " 2: 60- 5. 22 6.35) Medium— 3 v LT nt Te - 8.7 | 60. aug ot gs iedium- 20.. 4.75- 5.10 | J 200. 6.50- 6.1

alo: Cattle & Renters (Receipts, 1344) Choice— | Bulls | 750- 900 $12.00-13.00 (Year S00- 1100. iz 25-13.25/Good

0 Siaudeds 3.75/ Sausage... - 6.25- 7.00 75 Medium .. 5.50- 6.25 ,/Cutter and common. 4.75- 5.50 Vealers

5iGood and 9.50-41.50

1300-1 [Gane

[1100-1300 Moai 1500. an Common and 750-1100. | 1100- 1300 medium

u 5. COMIN 625-8 > Feeder, Stocker

. Steers ‘Heifers (Retorcs 432) Choice— 11.50-12.50 9.25-10.00

800- 1090. 2 HF 25-11. $0 Go Te

| 500- 800. 11.25-12.00 800-1050. Medium-— 10.25-11.25 500-1000. 7.25- 8.25 |Common— 7.75-10.25' 500- 900 6.25- 7.25 | | Calves (steers) 500- 800 5.50- 7.75 Good and choice— Cows | 500 ig Igoad 2 25 Mediu | Medi . 633 500- 900 Cutter and common 4.50Canner .. 3.25

aan GIS

choice. .

-1 -13. -1 -1 -1 -1 -1 -10.

oD REONIS we

1.3 won Q

| 500- 0. Goo | 5080950 Cinsce I: 8.25- 9.25 | “730~ 900. Good 50- 900. | Medium— oe 3 id Comm

8.00- 9.00 8.25-10.00 Calves (heifers) ood—

500 down 17.25- 8.25 Mediamdown 7.50- 8.75 SHEEP AND L AMBS. Ros. 1411) Good and choice .. --$ 9.50- 9.75 Medium and good . 9.2 23 Common

Ewes (wooled) Good and choice Common and medium

CHICAGO LIVESTOCK

Hogs — Receipts, 12.000; fairly active; weights 220 1bs. strong to 10c¢ higher, mostly 5@10c higher; - lighter weights steady to 5c¢ higher; top, $6.55: bulk good and Shoe 200-300 1bs., [email protected]: 300360 1bs., [email protected]; 1b. averages, [email protected]: most good sows 400 Ibs. down, [email protected]; heavier weights, $5.75@ 6. Cattle—Receipts, 10,000; calves, 100; medium weight and weighty steers suitable for Eastern account fairly active and strong: especially broad demand for steers but around steady: new top, $14.25, paid [for 1350-1h. weights with load .or. so held above: vearlings, $13.75: heifer vearlings [to $13: heifers steady: cows slow and weak wiht cutters $5.25 down: bulls and vealers unchanged: choice vealers, § : best weighty sausage bulls, $7.15: stocker and feeder trade less active but still good couniry demand. Sheep—Receipts, 3000; late Tuesday fat | Lashes strong to 10c or more higher; bulk ood to choice natives, [email protected]: top. HY 70 to citv butchers late: 5 decks medium to good fed wooled comebacks, $9.25; to|day’'s trade nothing done early on native lambs; asking fully steady or $9.50 and above on good to choice grades: fed lambs opening steady to weak; load good fed wooled comebacks, 89.15 load good to choice 85-89-1b. summer shorn fde lambs, @8.85; yearlings, strong: decks good ja. nas fed yearlings. $8.35; odd lots ie to medium feeding lambs, [email protected].

OTHER LIVESTOCK

CINCINNATI, Oct. 23 (U. P.).—Hogs— Salable, total, 3375. 156.45: 230-1b. butchers, 300 S $6.7 300-350 1bs., 130- 200 ibs.. $6. 25° 160-180 lbs., 160 1lbs.. $6.10: 140-160 1bs., [100-140 Tbs.,

$4.6041 5.35. Cattle—Salable, 500; total, 600. Medium lightweight steers ‘and heifers, $5.50@ 8; 600-1b. medium heifers, $9.50; vealers, $8@

Sheep—Saiable and total, 800. Lambs, (58.72. 25; choice ewes and wethers, $7.50 a 75

8.0 3.50 2.7

1.3 [email protected];

. WAYNE, Oct. 23 (U. Py) io $— Steadv to 5c higher; 220-240 lbs., .30; }308- 220 oT $6.20; 180-200 lbs., $6. bs: 160bs. 5.90; 2404260 lbs., $6.20; 260- ; 280-300 1bs., $6.10: 300S.. $6.05: 325-350 . 350-400 $5.95: 150-160 1bs., $5.50" 50 2% 5: 130-140 lbs., $5: 120-130 then $4.7 120 lbs. $4.50; roughs, $5.50; stags, a $11.50: lambs, $9. LAFAYETTE, Ind.. Oct. 23 {Hog market, 10 cents higher; | $5. 3506: 200-250 Ibs. $6.10% 6.30, lbs., $675.20; pigs, $5.50 down: $5.75 down. Calves, $10@ 10.50;

jcalves, P.)., — 00 Ibs. 250-325 roughs, lambs,

(U, 160-2

5 $819.

axe LOANS

On Anything

SACKS BROS.

306-10 Indiana Ave.

FRACTURE BEDS Can Be Rented at the New HAAG’'S ALL-NIGHT DRUG STORE 22nd and Meridian

WASTE PAPER

AMERICAN PAPER

STOCK COMPANY RI-6341 © 320 W. Mich.

OUTFITTERS ‘fO WOMEN and CHILDREN

wingston3

THE MODERN CREDIT STORE

129 W. Wash. 2 Indiana Theater

Is Opposite Us

MEN,

FUR COATS Largest Selection in the State

INDIANA FUR GO.

"29-31 East OHIO St wmsmmmwme Tailored Just For You ==,

Suits-Topcoats-0’Coats

Choose from over 700 patterns

As Long As 32 Weeks to Pay

LED M TAILORING CO.

235 MASS. AVE,

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

Exacting . . WATCH REPAIRING AT LOWEST PRICES

STANLEY JEWELRY CO.

113 W. Wash. Lincoln Hotel Bldg.

Fall Fashions $2 & $3.85 3 LEVINSON

You: Hatter

SHERWIN WILLIAMS

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

VONNEGUT’S

9.25-10.00 [Alpha

6.00- 7.25 A

A 9.00-11.00

oD. Douglas Airc .. ; {Duplan pf .

1924 1925

THE INDIANAPOLIS TIMES

Indiana Business Levels Off

1929

1930 93 1932 1934

Anderson’ . Bedford

Columbus

Elkhart .. Evansville Ft. Wayne Gary ..... Goshen ... Hammond

Indianapoli Jeffersonvil Kokomo

Marion ...

Mishawaka Muncie ... New Castle Peru ...... Richmond

Vineennes Whiting ..

Bloomington.. Connersville ; Crawfordsville East Chicago.

Huntington. .,

Lafayette .... La Porte .....

Michigan City

Shelbyville. South Bend.. Tell City...... .. Terre Haute.,

September Business Index

Percentage change over a year ago

Manufacturing

eee 2k

ese sess

— 2 +23 +26 -—2 + 5 + 7 +15 +11 +15 +24 + 2 +11 +13 +12 + 8 +26

S.. le.

New Albany..

Employment Pay Rolls

+25

—1 +33 Yo8 +8 +15 +11 mm +13 +12 +40 +23

— 3

+14

Bank Debits

Retail Postoffice Trade Recelpis + 4 + 8 eh +1 — 3 — 4

. .

CRN

4 ++] +H] OW © DW UT L ro

ND RR WWUNIO NNO DN

++++++4] | ++

—

tte © =3 0 00 UY Tt m+

+++ Pond

+44 vir

N.Y. STOCKS

Air Reduc A Yood Stl. d Ch ;

Atl Refining

Bald Loco ct...

Blaw Knox . Borg Warner . Briggs Mig .... Bklvn-M T Bucyrus Erie Bush Term ...

Calumet & H..

well finished 170-190- Cas

Cent Foundry.. Ches Corp GILysior o City I& Cleve I oi Br. Climax Moly Co Colum Gas .... Com Credit .... Comwlth & So . Comwlt Edison Cons Coppernms Cons Edison Cons i Consmrs Pw pt. 1 Cont Can _.. Cont-Dia PF Cont Ins .. Cont Mot {Cont Oil Del .. {Cont = Steel . |Copyelc Stl pf.

Crucible pf Curtis Pub Curtiss-Wr Cutler-Ham

Deere 4 Co . Del & Hud ..

1 1

Dow Chem

East Alr Lines. East Kodak .. Elec Boat .. Plet Per & Lt. ElP & L 5 pf

Eng Pub

Fid Phen ..... {Freept-Sulphur..

Gen Am i . Gen Am Gen Bectrie cen Gen Foods .. Gen Motors Gen Gen Refract Gillette S R ... Goodrich Gt North pf .. Greyhound cp.

Harb-Walk .... Hayes Mfg .. Hupp Motor ...

Inspiratn Cop.. Int Harvester..

Int T&T Jewel Tea Jones & 2s 7 pf

Eelsey Haves B. Kean cott

Lockheed Airc. . joow's Loft, Lone sor ‘Cem.

arine Mid artin (Glenn) [asonite Corp..

M M

ueller Br .... RETRY «vos e

Nash-Kelv «oqo. Nat Acme .,cue0 Nai Rison ve

Nat BwraLi os Steel Ly Mining

N Y Ship No Amer

Ohio Oil ...

Otis Elev Otis. Steel

Pac Coa Pac Coast 23 bf. Pac G & El Pac Tin Cons... Paramt Piet . Para Pict 2 pf . parker Rst Pre; Pen & Ford ... perm D = pf A.

Pitts Stl 5 pf Press Stl Car... Pullman

Radio ....e000 Radio-K-Or

WIT BUT CCN Ne n < 1.0

. "3733

. 4215 .. 90

13312 th

... 50 Motors pf. ds

a 60% 28

.. 44

fack Tr .... 2 2

High Low

Bigelow San ... 2

ls 1

V2 2 28'2

3005 615

- 2%

3a 0 12

3/3 353 17V% 24% 58 43

| 21 99%

. 13 207%

2073 13 857%

207s

13 8573 4312 143% 13 113 —E— 352 35%, 13312 14% 57s 40 9's pr : “38 33%

9”

38 331% —(G— 514 54 , 49 49" 343, ° 345% 3814

. 38% 12415 274

3 12 28 11'2

3 12 28 11'3 —H— 2 la 2315 3 “9 12 12 as 10 49 13 2 28's 147 i 2 2 ome

472 471%

23 20% 282 27Vs . 923% 35%

64 v

Mia Cop 8's 1iand sh pt. ‘119 Minn Hny 47

401% 212 8

5% 2 18'2

N Y Central ... NYC & St L... 1

6 Oliver Farm Eq :

Phelps “Bods wl

27 121

4% 3%

By UNITED PRESS

Net Last Change

—

ANN EID BUT ODED ee al 0D

— $0

wo I I

= 00 80 += 00 SI NJ i= BID «700 Ud ad 4 00 += mJ TN D be

Cee.

ae Ge nee

TEL fd

a1 "an

NG ee

- a=

‘ +44

s |

s | White Mot

vy | Worthington

“gone ni YB oi | Young Sheet

: Yesterday

{Year Ago ..... seen

s [Rey et Richfield oil’

30 INDUSTRIALS Yesterday Week Ago ... oo 131.9% Month Ago ......cov0uv0s. 134.15 Year Ago ........:..... canes 155.48 High 1940, 152.80; Low, 111.84, High 1939, 155.92; Low, 121.44, 20 RAILROADS : 28.77 28.71 28.83 35.13

--0.61 +0.49 | -—0.29

sess ssnsesenanns,

Week AZO veivnvvanssssesess Month AZO ...covviveesnene,

+0.07

+0.56 | High 1940, 32.67; Low, 22.14. High 1939, 35.90; Low, 24.14. 15 UTILITIES Yesterday ovis senseesecensn Week AZ0.ccvirvssvsrsesvane Month AZO «v.vvvsnsnnnscees Year Ago High 1940, High 1939,

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

High 8s Lis

Low Last Crack, Rem Rand ... Reo 5 vite .. Vs 78 Ys

avage Arms . Savas Ine ...

DBO NTI -IILC NOW

. PRTC PRC | a

[XT —

CR A ©

SG GS UY Wen PRN ANDD SRW

DLL HH + Sr

Superior Qil Swift & Co . Sym-Gould xw.

BD —

Texas Corp ... { Thomp Star ve , , ; tei , Timk-D vei 29 { = 2s mts 7 Ve 20th Cent-Fox. 6 Twin Coach .. 8's =n 73 3

Union Carb !Union El Mo pf 1s Un acific ve Un ank. .. Un Aircraft Un Air Lines United Corp United Cp pr’ «33 United Fruit

vo 3

8 8

i”

is Ya

—— @® ® NT

Vanadium .. Va EI&P 6 pf

{+ CD

ee DRC

M4 .116

Walworth Warner Bros .. 27g Waukesha Mot . 17 West Union . 191

bls

» se

- »

ANN ®®

DW -103

| West Air Bke... 20% Wheel Steel ... 277, . 151

bt BOBS dt bd ee) pga ER

| Willys Overld | Wilson & Co ..

Lan eo. 2308 | Worthing pf A.102':

| |

Yellow Tr

Bet. 058 Naas sR : Tana

— on = CN) Te a» Ox"

190, ——

1474

Young Stl Dr... 190

Zenith Radio... 14%

LOCAL ISSUES

The ioiiowing Jiotations by the Indianapolis Bond are Corp. do not represent actual Di ot offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Bid Agents Finance Corp c y Tia Belt RR & Stk Yds com Belt RR & Stk Yds pfd 5s.... 54 Central Ind Pow a fd 82 Hook Drug Inc Home T&T Ft ao Ind Asso Tel Co $6 pfd ....... Ind & Mich Elec 74, Did. Ind Gen Serv 6% pfd sea nals Ind Hydro Elec 7% pid... Indpls Gas com . 29 Indpls P&L Lom *Indpls P&L 6 pid *Indpls P&L 61% % pfd Indpls Water 5%

Ask

9 58

86 16 53 110

ces

» pid Progress Catoiry com Pub Serv Co of Ind 67, pfd-.. Pub Serv Co of Ind 7% pid. *So Ind G&E 4.87% > d Terre Haute Elec 67 Union Title Co com {Van Camp Milk pfd.. . Van Camp Milk com. “eves Bo nds’ American Loan 5s 51.......... American Loan 5s 46 .........100 Citizens Ind Tel 4'4s 61 ..10 Crabbs-Reynolds- -Taylor 55 42°. jlome T&T Ses

DOD

ndpls Railway Inc 5s 67. ndpls Water Co 3'2s 55. iierstare T&T 5las 53.

Bh fd pt hd ot od fk fd fd fd fd fh Po fk pk

Richmond Water Wks "84 8%. Trac Term Corp 5s 57 *Ex-dividend.

U. S. STATEMENT

WASHINGTON, Oct. 23 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 21, compared with a year a > i ast

This xpenses .. $2. 930 268, 867. 52 teceipts .. 1.132 041,660.55 Joes Det. 198.227. Soa; 67 yet 0,0 7

ite 32.3 .230 0

. .7198.787.7 90,691.818.84 10,574,954.40 INDIANAPOLIS CLEARING HOUSE

PONIES srvierrin cena cy SRL

Customs ...

193%

+ 1.41

0.09 |

—0.0%

80 70 1]

1936 1937 1938 1939 1940 »

- Indiana business leveled off in September, consolidating the gains it has made in the sharp upturn: since March, the chart, prepared by Indiana University’s Business Research Bureau, reveals.

1. U. PREDICTS “FURTHER GAINS

‘Regards Breathing Spell as Only Natural After 6-Months Rise.

Times Special

BLOOMINGTON, Ind. Oct. 23.— Indiana business leveled off. during {September and consolidated the rapid gains it has made in the past six months, Indiana University’s Business Research Bureau repor ted | today. The Bureau regarded this as only | natural. It predicted that business | in the State was only catching its | breath for another upswing because “there is nothing in the outlook to suggest that the present expansion in production may not continue for many months to come.” To explain the leveling off in September, the Bureau cited these factors: 1. The heavy industries making national defense materials are working so close to capacity that more new business will have little immediate effect on their operating schedules. 2. The heavy industries are constructing more productive facilities but these won't be ready for some time. 3. There is considerable room for expansion in the consumer industries but because of war complications and the usual lag in normal recovery in this type of business the peak has not been reached yet. Cite Improvement Here In Indianapolis the Bureau compared debits, newspaper advertising, postal receipts, livestock receipts and building permits and found them all higher than in August and in September a year ago. Bank debits here so far this year | are 10 per cent ahead of last year | at this time; newspaper advertising ! lineage increased 16 per cent over August and 4 per cent over last September; postal receipts were per cent above August and 5 per >| cent above September, 1939; livestock receipts. increased T per cent

ago; and building permits totaled

150 new dwelling units. Agriculture Better For the state as a whole, manu-

in September while retail trade and

the retail trades in September was lonly the normal lag of retail sales {in a period of rapid industrial expansion, or whether it was the temporary ‘uncertainty of many potential buyers because of the in-

Law, cannot .be determined now,”

i {the Bureau said.

| | | {

~ STOCKS IRREGULAR

<1 AFTER EARLY RISE

NEW YORK, Oct. 23 (U.P) — Stocks turned irregular in afternoon dealings today after a rise led by many issues, while selling came into steels. Selective buying went ahead in several, including du Pont, which General Motors came on in long strings at 50, its Drevious close. | Chemicals turned down.. ‘larity was noted in rails, oils and shipping shares.

Irregu- | utilities,

* ..it's quiet now, b

come so fast the she

*Yes, and they're all ’em come. With the

shipper gets the be

and were 17 per cent above a year

$1,145,288 of which $568,550 was for

facturing and agriculture improved |

allied distributive lines lost ground. “Whether the poor showing of

82,544 STATE WORKERS BEGIN 40-HOUR WEEK

Many More to Be Affected During Whole Year, Official States.

Times Special WASHINGTON, Oct. 23.—An estimated 82,544 wage earners in Indiana will be affected by the rule of time and one-half pay after 40 hours work which goes into effect after midnight tonight, Administrator Philip B. Fleming of the WageHour Division announced today. There is a total of 370,700 employees in Indiana covered by the Wage-Hour Law and rated as engaged in interstate commerce or in the production of goods for interstate commerce, Col. Fleming reported. The 82,544 figure is an estimate ‘based on a spot check made recently as to the number of wage sarners working more than 40 hours a week in the state, he explained. “During the course of a year a great many more workers will be affected,” Col. Fleming said, “either by over- -time payment in busy

weeks, or in being released from

mary in previous years.

| “Some of the wage earners in- | cluded in the estimate have been

SUBJECT GHANGED

getting time and one-half for work |over 40 hours as a matter of em{ployment practice. These workers will be unaffected except for the fact that this practice now becomes a matter of Federal law.” 12 ‘Million in Nation On the basis of 1939 figures, it is estimated that the Federal Wage and Hour Law applies to 12,611,703 wage earners throughout the United States. Of these, it is estimated that 2,688,400 would be found working more than 40 hours in a week of average industrial activity. More than 700,000 of these already are being paid time and one-half for over-time, leaving the number directly affected less than 2,000, 000, Col. Fleming estimates. Railroad workers, and truck and bus employees whose work affects the safety of operation, are exempt from the maximum hour provisions of the law and are not affected by the change. The law does not apply to employees of retail or service establishments. Starts at Midnight As passed in 1938, the law provides for a standard work-week of 40 hours after two years. It was 44 hours the ‘first year and 42 the second. Time and one-half must be paid ifor work in excess of 40 hours for ithe first full work-week starting after midnight tonight. In estab{lishments where payroll records . customarily set the work-week from ‘Monday to Saturday, the oVer-time irule after 40 hours will apply to the work-week starting next Monday and continue thereafter, Col. Fleming explained. Establishment of a standard 40hour week is one of the two objectives of the Fair Labor Standards Act of 1938, or -Federal Wage land Hour Law. The other is a universal minimum wage of 40 cents an hour in industries engaged in interstate commerce or in the production of goods for interstate commerce. This goes into effect on Oct. 24, 1945. Until then the minimum wage is 30 cents an hour except in industries covered by wage orders. Eleven wage orders covering the manu-

auguration of the Selective Service facture of textiles, clothing, paper

and leather, have established minimum wages from 32'z cents to 40 cents an hour.

LOCAL PRODUCE

Heavy hreed hens, 12c¢; bareback hens, llc; Leghorn hens, $8; bareback Leghorn Hens, 8c; Barred and White Rock springers, $13; other colored heavy breed spring-

ers, 12¢; Leghorn springers, 11c; bareback springers, 9c; old roosters, 6c. Indiana Grade A large eggs, 24c; Indiana Grade A medium eggs. 20c; Small Grade A eggs, 13c: No. 2, 16c. Butter—No. 1, 31'2@32c: No. 2, 30'2@ 3c. Troi No. 1, 28c; No. 2, 27c (Country pickup plies quoted hy the Wadley Co.) FOREIGN EXCHANGE NEW YORK, Oct. 23 (U. P.).—Following are noon cable rates on major currencies:

England (pound) aly (lira niand (markka) . JE a (franc) [Sweden (krona) apan (yen) jipnsn, (peso)

ut wait till those deliv-

ery trucks start rolling in after lunch. They'll

d will be jammed in no

time with everything from crated bath tubs to cartons of cheesc—and every one of ‘em going to a different place.”

in a hurry, too. But let system we've got we'll

handle "em easy. Every package will be loaded in the right car and loaded safe. Most of "em will get where they’

re going by morning.”

It’s a big job to handle 5,000 carloads of freight a day. It takes about 40 miles of freight cars to carry it. We do it every day on the Illinois Central, rain or shine, with methods born of long experience. The

nefit.

work at the end of 40 hours instead | of working the longer hours caso

Olive Is Named

George S. Olive, senior pariner in the Indianapolis accounting firm bearing his name, has been appointed a member of the American Institute of Accountants’ executive committee which is meeting in New York today to consider problems arising under the Wage-Hour law. Mr. Olive is a former president of the Indianapolis Chamber of Commerce.

BY MERLE THORPE

Merle Thorpe, who will speak at a luncheon meeting at the Scottish Rite Cathedral tomorrow, has) changed his subject from “What Helps Business, Helps You” to “You!

Were Born a Dictator.” More than 1000 persons are ex-

pected to hear the editor of “Nation's Business” magazine, official magazine of the U, S. Chamber of Commerce. At the speakers’ table will be W. 1. Longsworth, president of the Indianapolis Chamber of Commerce, who will introduce Mr. Thorpe; Oren D. Pritchard, Life Underwriters Association president; J. K. Lilly Sr., Felix McWhirter, George S. Olive, Edward Zink, Paul L. McCord, George A. Kuhn, Lothair

L. Hutcheson, Edwin B. Harris, William Fortune, E. Leo Smith and Earl T. Bonham,

WAGON WHEAT

Indianapolis grain elevators are paying for No. 1 wheat, 81c; subject to market

71to 15 cent higher.

‘California,

Teetor, Charles McCormick, William}

PAGE 27

CORN, RYE PRICES LOWER AT CHICAGO

CHICAGO, Oct. 23 (U, P.) —Wheat continued to hold within small fractions of previous closing prices on the Board of Trade today. Corn and rye were forced to give some ground after early independent firmness. At the end of an hour, wheat was off '% to up !4 cent, December 87 cents. Corn was up ls to 3 cent, oats unchanged and rye unchanged Soy beans were unchanged to off 1: cent. CHICAGO. Oct. 23 (U. p Wisconsin Mackintosh, Br $1. rT “eglery -— Michigan, crates, 30 0@60c. 'Tomatoes— lugs, '$1.35@ 1.60. Spinach— 15@50c. Cauliflower—New [email protected]. Carrots—NMNew $3, Lettuce—California, 5. Sweet Potatoes—Ten4 Onions (50-1b. * Tilinois vellows, 55@65¢; Millnesois

as 5712 60c. Iowa white, . Utah Sw po Spanish, 9715c. Towa Sweet Spanish, LYRE

bu., crates, Srates,

Illinois,

YES ..THIS FINE WHISKEY IS NOW 4 YEARS OLD., AND ONLY 31° A PINT!

WABASH VALLEY 1S NOW ONLY 41.15 A PINT!

“MERCHANTS Te

change; gike? grades on their merits. Sesh) corn vellow shelled. 62c; No 58c.

No white chellea 70c; No. : white oats,

TERRE HAUTE, INDIANA

(Paid Political

When You

be sure y

“He will give instead of

WILLKIE CLUB

Your Ballot

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Cross

ou do not’

DOUBLE-CROSS yourself x kk

WENDELL WILLKIE

men real jobs handouts”

x * *

of MARION CO.

Main Floor, Point K. of P. Bldg., Mass. Ave. and Penn, St.

-Apples—