Indianapolis Times, Indianapolis, Marion County, 1 November 1940 — Page 31

FRIDAY, Nov. 1,11940

BUSINE

| | |

THE SITUATION OF

mental departments reveale?

The Agriculture Department forecast a total world 3; supply for the current season of 50 million bales, half of & which will be produced in this country. Th is about the |i... %

Orders are piling up for national defense and ordinary commercial uses so the nation’s steel mills are stepping up their production higher and higher, as this chart, prepared by the American Iron and Steel

|STOCKS DIP ON

same as last year’s crop.

But from the Bureau of Agricultural Economics comes the informa- . tion that wars in Europe and Asia are depressing . still further the ever-contracting market |[f or American, cotton. The British blockade of Europe and - the Sino - Japanese conflict will probably [reduce world consumption of [cotton 3 for the current 3 season to the Roger Budrow lowest level since the early part of the last decade. - This, the Bureau said, will prob-

ably brihg exports of American cot-|-

ton for the season down to ‘much less” than two million bales compared with more than six million pales last year. . On top of this there is the possi- ' ‘bility that the market in Turkey and Palestine may be cut off by spread of the European war to the Mediterranean. # ” ” | STUDEBAKER CORP. today reported consolidated net lgss of $499,814 for the three months ended Sept. 30 compared with a consolidated net loss of $395,365 tor the corresponding period last year. But

its profit for the nine manths ended |

Sept. 30 was $457,495 compafed to $378,949 last year. ” ” 2

1940 WILL PROVE a hoo

year

for the construction industry, the choi

' Commerce Department predicted today. Private contract awards for

the first nine rhonths of the year: co

jumped 15 per cent and the| trend in this quarter is running about 25 per cent above 1939. ® 8» ’ BETHLEHEM STEEL'S . ‘report . yesterday that it is working. at 103 per cent of capacity puzzled a good many. How_ could a company be

doing more work than it pessibly| $9

can? Explanation’ is an easy matter. The steel companies, in setting the capacity figure for their plants, cut it down to allow a leeway of 122 per cent for replacements and repairs. Theoretically, therefqre, a steel company rate could rise to 112%; per cent before working at full speed. Practically that cquldn’t be done, experts say. ‘ODDS AND ENDS: United Air Lines today announced an employees’ pension plan whereby the company and employees will go together (50-50) to buy retirement annuities from an insurance |eompany. . . . Carle C. Conway, chair-|S man of Continental Can Co., Which is spending 25 million on its plants in the next three years, believes industrial management must ‘pioneer” .in the development of new profit opportunities and new uses for idle capital. . . . Argentine Minister of . Agriculture Amadeo Videla|“ declared today the trade agreement with Britain (selling them | corn, wheat and meat) is an “agcom-|2 plished fact” unless unforeseen complications arise during the remaining negotiations. . . , The New York

Stock Exchange will postpone en-|

[ous ood and choice vealers,

forcement of its multiple trading ban until Dec. 1 at the request” of the SEC. . . . Federal Savings and Loan Insurance Corp. reports 14,594 home loans for $21;336,740 were made in Indiana the first| nine months this year. . . . The general level of prices reeeived by farmers in mid-October Was two points higher than a month oailiet: the Agricultural Marketing Service reported today.. J..T, McGayin of Yale believes a "total of 2790 Ipark-| 3 ing garages of 200 stalls cut are still needed in America, furnishing tential 10 million-dollar market for the ‘steel industry. . . . Chrysler Corp. reports it has cut fire damage 60 per cent in three years by setting up a volunteer brigade in each department instead of using a central brigade of trained fifemen in each plant, ; 0

§ H or | §

Incorporations

Charles Meyer Bakery, Clinton; agent, Carl Meyer, Clinton; m 0 .shares. of $100 par value; to operate bakery: Charles H. Meyer, Carl L. Meyer, Fred L. Meyer. Josam Mfg. Co., Delaware corporation; amendment of articles of incorporation. Club 40, Inc., 2044 Schrage Ave., Whiting; pe capital stock; athle and | soical; e Novotny Jr.. George Dvorsak, Mike nger. John Vargo, eadore Falds. Vevay, Auto Co.. Inc., Vevay; dissolution. Ay , Ine. Gary; change of agent to Ry 556 Broadway, any. A rhe ions Club of Decatur, Ind, ne., 53 N. 5th hy Decatur; no capita stock Glen Hill, D. . Burdette Custer, Ed F.

echt. ReNorth Star Express, med Chalmers: gent. M. B. Raub, Chalmers; par value; transportation Victor N. Sheek, R. V. Boring, Raub.

business; M. B

ork, California, Lettuce—08 ifornia,

S9e sacks) Minnesota Yellows, 60c: Tok a Y vs 53'2c; ldaho Sweet Spanish, 20c@

(Hpi Dealers JITTTTHIA

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

0 a

Situation Grower Becoming More Serious |:

HE — By | ROGER BUDROW

THE AMERICAN COTTON | © grower is becoming more and more serious, as two Govern-|:

1000; shares v

: | springers,

of American Cotton

in their reports’ today.

. 7

PRICES, ON HOGS REMAIN STEADY

Top Here Holds at $6.20 on 230-t0-240-Pounders;

Institute, shows.

N.Y. S1 OCKS

Acme Steel . dams Exp ...

\ir-Way

+9921 Arrive.

Hog prices were unchanged at Indianapolis stockyards today, the Agricultural Marketing Service re-

ported. and choice 230 to 240-pounders. with an $11.50 top. 353 salable cattle were received here sheep.

Top Repts. -§ 6.05 9044 6.20 600

Oct. Top 26 ...$ 6.30 28 ... 6.15 29 =.. 4. 05

Repts.| Deh 2 2390

6.20

5.85- 6.00

5.75- 6.00 5.70- 5.90 5.60- 5.75

ai Me 250- 500. 0

Slaughter Pigs 160-2 5.40- 5.90, 90- 120.

a Cattle & Vealers (Receipts, 353) ulls 750- 900 $12.00-13. 25) wearlings ¢ excluded) 900-1100 12.25-14.00iGood .$ 6.7 23 1100-1300 10.50-12.75 Oo 6. 250 1 1300-1500. 12:78=14. 00 Medium: £.50- 6.25 ter an 10.50-12.00f common. 4. os. 5.50 IRIE oo ae v - od a 00. 10.75-12. 78) > Choice

Te0i100. 7.15-10.501C n an 1100-1300. 8.00-10.75 medium.

Common-— 750-1100. 6.50- 380

pay J0=11.50 7.50-10.00

Feeder. Stocker eers (Receipts, 482)

9.50-10.25 9.50-10.25

Heifers

50-12.50, 500- $00. 800-1050. 5000 750. 10.00-11. 30 Good— 500

Steers, Choice— 500- 750. 11.

Chote Heifers am 8.50- 9.50 ce— a) 900. 11.25-12.75 N00 1000. omm I) = 750- 900. 10.00-11. 25) 500- 900. 6.00- 17.50 edium Calves (steers) 2h 900. 17.25-10. 00lGiood and choice— Common— 1. 500 down. 9.50-11. 25 | & 500- 900. 5.75- 7.50'Medium— | 200 8.00- 9.50

common 4.50- 5.75 i Canner...

SHEEP AND LAMBS (Receipts, 1066)

Medium and good . COMMON eis rdeserossscsarsans . twos (wooled)

Good and choice Common and medium ....eqsew

CHICAGO LIVESTOCK

0 s—Receipts, 6000; fairly active; penUL steady; top. $6.15; -bulk ood and choice 210- 330- 1b. Daten $6@ 8 200 lbs. ar ely. $5.85@6; some @ 0: 80-1 Averages. 3 TAX 80; ji d 300-400-1b. Bah ing sows, $5.80@6; most 400-500 lbs., $5.50

Catile—Receipts. 1000. Calves—300; fed steers and yearlings and better grade heifers, scarce; trading slow, but around steady: few small lots good to choice light and mediumweight steers and yearlings, [email protected]; most Supply: commen am medium at $8.75 down; odd head fed heifers to $11; bulk grassy and shortfeds, $7.50@ 9.50% cows scarce; few good kinds, se. [email protected]; most canners and cutters, $4 @5.50: odd head sausage bulls, Jos Shas: 175; @1 eep — Receipts. 1000; late SLL day ie bulk good do choice native lambs, $9. 50. 25: top. $9.25; medium to good, [email protected]. ood €8-1b. feeding lambs, $9: today's trade active, fully Siendy 0 ood to choice .native lambs, $9. 5: ew low-medium kinds down to Ah on outs, [email protected]: few gogd yearlings, $7.75: package good to choice slaughter ewes, $4.40; late Thursday 2 loads good 69-1b. feeding lambs, $9.

OTHER LIVES STOCK

CINCINNATI, Nov. 1 (U, P.).—Hogs— Receipts, 3575; active zeneraily steady with Thursday: top .30 for choice 200-250-1b. Butchers: $6; 140-160 1bs., [email protected]; $4.50015. 25; most good packing sows, $4. 50

Cattle—Receipts, 575. Calves—250; tive Svrong market on most grades. Cutter to medium lightweight steers and heifers. mostly 86.50@8; scattered lightweights, $9@ 10; good to choice 760-1b. steers ard heifers, $12; few canner heifers as low as $5.25; cutter cows mostly [email protected]. Sheep—Receipts. 700; and market quoted steady with Thursday: good to cheice trucked in nearby lambs very scarce and quoted Irom [email protected]. FT. WAYNE, Ind.. Nov —Steady: 220-240 Jos. $5.95; 180-200 $5.65; $5.90; $5.80; $5.70; $5.20; $4.70; stags, *

2.75- 3.50 2.00- 2.75

ac~

Hogs 1bs., 1bs.,. 1bs., ibs., ibs.,

(U. st. 051 200-220 .80; 160-180 260-280 300-325 7 350-400 + 140-150

y 98; 0-130 $4.45;

12 100-120 roughs. $4; calves, $11.50; lambs, $9

U. S. STATEMENT

WASHINGTON, Nov. 1 (U. P,).—Government expenses and receipts for the current fiscal year through Oct. 30, compared with a year ago:

This Expenses $3.140, Sor. 425, 42 1'1,807.269.175.81 126,495.89 i 48. 006.599.15 1,409.041.849.15 L 913. 313. 831. 80 1,213.110,530.75 P 41. 036.045.763.52 Gold Res. 21,,498, 689, 239. 17,091,147.258.18 Customs 99.411.023.20 120,754,090.13

) INDIANAPOLIS CLEARING HOUSE Llearings ..... + has ave 31.650 400 Debits .....c..oc.dssrs wae

LOCAL PRODUCE |

12c; bareback Leghorn White Rock spring-

heavy springers, lic; bareback springers, 9c: old roosters, 6c. Indiana Gra 7c: Indiana Grade A : small Gr A and No. ; no grade,

The top remained at $6.20 for good A - Vealers were weak to 50 cents lower Am The Marketing Service reported am today, 482 calves, 9921 hogs and 1066 |

A 9921

4.60- 5.75 | pa

4.65 5.00]

5.50- 7.50 |

Cc 8.50- 9.50

Cc 7.50- 8.50

Deere & Del & Hud .... Dev & R A .... Diam Match ... Doehler D Cast.

East Air Lines. Kodak

bulk E ¢ Eng Pub 8

id

Gar

Gen supply very light G

I “9. id 133 00504 1

Bareback hens, {3

breed |;

Rad & SS.. Roll Mill . Smelt ..... .

Aviation Corp .

Bald Lote ct .. & Ohio ». adh RY ate

Borg-Warner Jagpt Mig". . riggs 3klyn-M fo Jucyrus-Erie’ 3udd

Butte Cop & 2.

Calumet & H . Can Pacific

Case J. Caterpiliar’ T

C Com Credit .. Com Solvents Ps Comwlth So Comwith Faison

Cons cigar ‘A... 3.50- 4.50| 500 a 1.50- 8.75 |Cons Coppernms Cons Edison ... s 8.75- 9.00 Sons : Oil .: ood and choice. .........eeus.f ontainer .... S$ 7.75- 8.75 Cont Bak B.. 6.00- 7.50 |Cont Can Cont Ins Cont Gon; oil Del...

pweld Steel.

Corn P Coty Crane Co Crown Cork ..

Curtiss-Wr A . Cutler-Ham +...

Co ...

Fair Mor Fed Mag

Ferro Enam .. Fid- Phen ..

Francisco Sug .

Wood In . Gen Bronze ... Gen Cable Gen Gen

Gulf M & O of

: Harb-Walk

Judson Motor . Hupp Motor ...

I Central -.... ent

nt Harvester .. nt Hvd El A .

Int wee Int Pap of |

Jarvis Co ..... Jewel Tea .... Johns

Kalamazoo S&F Kelsev-Hayes B. Kennecott ....

Lorillard

Cc. Butter—No. 1, i 31c. Butterfat—No.

33c: 28c: No.

Mack Ir No. 2, 302@ 2, 27c.

Marine Mid ...

“ee . wer. AJ TRN ND ptr bw =a Ni

97% Ya

FFF FREFFRSFSS

D0

Carriels & Gen 5

377% 137

vee } Fed Dep St ...

Electric .. Foods .... 33

x. 3 Int M Marine . P& 1

Int R C Am pf. 43

131%

47% -Man 67 Jones & L 7 pf.103%

—

a - oN

hh ON COLD Ny gol a - Haase EAA

—

x DD ld DO OND WN DORM JN

13%, 47

67 103%

13Ys 77 34%,

13) Ya 345;

—l—

t In 31, po Star Cem 20

28, 72 18 iA

23% 25 25Y% 30Ys

2 3 1% 5Ys

Net Last Change

+ 1% hi

(Me GN = IIBDI IS BUI 0 NOW

AIL BONGO

. .

Dib DEH HEE

|:

DHE HE

1b

HHH

pr

Fae aaa a MN FFESE

+

HHH 4 FEE EEE

HE 4]:

a Th

HEE HEE

DIRE HE

++ + +: +11

Fe

s

+ ae

> -

Ethan AT 7 ara C Eton .? 214

/2 |Pitts Coke&Iron 9%

a | Walgreen

4 A Pac Am Fish ..

Schenley Dist . 4 .

17% is West Auto >. 27

By UNITED PRES®

-JONES STOCK AVERAGES 30 INDUSTRIALS . Yesterday .. essnssane.es 134.61 Week AZO «.ivaversasssecesss 18116 Month AO ..svssecercecqece 183.79 Year AO .csccevennescsese. 152.64 High 1940, 152.80; Low, 111.84. High 1989, 155.92; Low, 121.44. Yesterday ... 20.30 Week AZO .cvcvvvsvnescnsees 28.57 Month AO .cccvseesecesese 20.17 Year Ago 84.12 High 1940, 32.67; Low, 22.14. High 1939, 35.90; Low, 24.14. 15 UTILITIES Yesterday eeceecceccncsscens Week ASO csssrsssrcssesscss Month AO ..evcevernssnsees Year Ago ....... Warts asnsers High 1940, 26.45; Low, 18.03. High 1939, 27.10; Low, 20.71.

DO

+1.63 —0.20 —1.30 +1.08

+0.40 0.08 -—0.20 +0.47

Ses csenccsccnne

23.00 22.27 22.00 25.99

Net High Last Change arshall Fld 130s 15 15%a + artin (Glenn)’ 3398 33% + 7 v 15Vs Yi Hin

v McCrory vu 10854 ia + '%

ches 4

otor Prod ..., 13% otor Whl .,.. 17% UITAY cecoseee 8

M M M V M M M M M

5 00 85000. 00 3 Ga 63.6 Sen ads EERE SR es

a

tii Em

. . .

Norwalk T ....

Ste 10 Owens bi Glass 1% i 7% Pac G&EIl . 29%, Pac Tin Cons.. 3% Packard 3Ya Pan ad Airw.’ 17

a

=

Par Pathe Film

Tg oo

R Phelps Dodge . Phillips Jns ... Phillips Pet ... 38

Fu

as

Pitts Roreings . 184 Pitts . Press Sh Car . 32 Press Etl 1 pf.. 13 Pub Si 3

a

HHH FE

| ' 0 0 ® ee

. . .

(++: :

Rem

Re 3, Republic ste oie Revere 7 pf Reyn Mey eyn Spin Re Tob B

eyn ‘ee Richfield Oil Roan Antel Rustless I & St

SS

St Jos Lead ... Savage Arms ..

Dh kD HEE

Seab'd Air Sears Roebuck. t

ie : |: + +++++4++1 | ++++4: : : By EE Fo

4 5

>a

REE ae

+1 HHH HEE FREE HE = EF renee 5

-

36% 36%

— 21 21 Walworth 5% , 5% Warner Bros ... * 23, Wash Gas Lt .. 24% 243, Wayne Juin «oo 18% 183, W Pa El 6 If. .10 102 W Va 17 26% 22%

108% 361,

Vanadium .....

it E

West Union ... 22% West Air Bke ar

+ IH 140

Westvaco 5 pf. Wheel Stl pf..

33%

338 32%

Gasoline Trucks Go Streamlined

{s|shares turned irregular

FF FENEE

Bere 3d

13 | Kokomo

| Year Ago

ae I SRR

ah

EE a EE PL a FY te Ei

” Go NE

PAGE 31

PROFIT-TAKING

Reaction Follows Second Advance Under Lead of Steel Shares.

NEW YORK, Nov. 1 (U. P)— Profit-taking came into the stock market in afternoon trading today after a substantial rise under lead of steel shares. Trading quieted following a burst of activity. Bethlehem Steel and U. S. Steel made new highs for the year at 903%, up 1%, and 71%, up 2, respectively. Other steels moved higher. Around the end of the third hour the gains had been reduced by half in many instances. Railroad issues held minor gains and motors were firm. Coppers retained part of an early advance and utilities were firm. Mercantile Airline stocks were strong with American up more than a point. News on industrial production continued favorable. Automobile production advanced to the second highest level since 1937 at 118,092 cars and trucks, against 117,080 last week, and 82,690 a year ago. Standard of New Jersey declared a ‘25cent extra, which did not come up to expectations.

WHEAT HOVERS AT

YESTERDAY'S CLOSE

CHICAGO, Nov. 1 (U. PJ). Wheat prices hovered around yes-

s|terday’s close in relatively quiet

dealings on the Board of Trade today. Other grains were irregularly higher. At the end of the first hour of trading wheat was unchanged fo

up % cent, December 84% cents. Corn was up to 3s cent, oats unchanged to up % cent, and rye % to 14 cent higher. Soy beans showed an advance of 1 to 1% cents.

- WAGON WHEAT

aia a Sram elevators are payin an 9c; subject to Te

4 vello old 2 White Shelled corn, 64c; No. 2 white oats, 30c.

LOCAL ISSUES

The following quotations bv the Indian. & re C vd

indicate the approximate market based on buying and selling quotations of recent transactions. Stocks Bid Ask Agents Finance Corp com..... 7% Belt RR & Stk 52 Belt RR & Stk Central Ind oY 1% ne Ft Way me 7% vfd. [Ind Asso Tel Co nd &

4 ’ 22

+| Van Camp Milk com. .

Bonds

American Loan 5s 51. American Loan 5s Citizens Ind BUR

ndpls P&L 3Y%s ndpls Railwav tne 5s a: ndpls Water Co 3'2s 66 nterstate T&T 5%s 63....... Water Works 5s 58 .. Kuhner Packing Co 4%s 59... Morris’ 5&10 Stpres 5s 50 1 Muncie Water Worker 5s 6 Nat Silk Hosierv 5s 42 .. N Ind Pub Serv 3 N Ind Tel 4%s £5 Pub Serv Co ot Ind 4s 69. Pub Tel go 1s 55

[rac Term Corp 5s 87.. *Ex-dividend

DAILY PRICE INDEX

NEW YORK, Nov. 1 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday sececvivsssacess os 12043 Week ABO +.euecseenseecssss 120.98 Month ABO ..coeveneenses.s 118.35 sssscassess 118.16 1940 High (Jan, 2) erranvaey 123.34 1940 Low (Aug. 19).........., 112.42

"i — = oon DAIS OOR RIND RNIND DO ¥ OF _— A mane 1 Id dd fed dh eh eh ped ed

pri ~

4 3%

Close Chan, 0! ange 12% + 5 15% 6%

Low 72% 15% 6% 6% 2Y 2% 4V, 4% 323% 35% 23

High Wheel Stl pr pf 72% White Mot .... 15%

White Rock ... Willys Overind., Willys Over'd pf 4% Ison & Co . 4%, Woodword Iron. 328 Woolworth Worthington ... ig —W Yellow Tr . «eo 15%,

Young Sheet . Young Stl pr..

15: , 11% .e 429, . 20%

Zenith Rad we '18 16

LABOR STRIKES ON DECREASE, FORUM IS TOLD Edwin Smith of NLRB Cites

Under Wagner Act.

There have been fewer strikes each, year since the Wagner Act went' into operation, Edwin 'S. Smith told the Indianapolis Junior Chamber of Commerce last night. Mr. Smith, one of the three persons comprising the National Labor Relations Board in Washington, spoke before the Chamber's Executive Leadership Forum. “During the fiscal year ending July 1, 1940, the number of strikes was 22 per cent less than the year before, 39 per cent fewer workers were involved in strikes and the time lost through strikes was reduced by 43 per cent,” Mr. Smith reported. “On the positive side we have the fact that many hundreds of collective bargaining agreements negotiated between employers and trade unions since the Act was upheld, which would most certainly be reflected in increased stability in industrial relations.

Favors Industrial Unit

“From the beginning the Board has encountered one obstruction after another to its successful functioning. . . . As regards social and nomic background, I have not time tonight to do more than point to the well-known fact that American employers, generally speaking, have resisted the growth of trade unionism.” Mr. Smith said this opposition was greater than in any other major industrial country: As regards the C. I. O,-A. F. of L. question, the speaker said that his view “has usually been that the industrial unit is to be preferred as the more appropriate bargaining, unless there is a previous history of bargaining by the craft.”

Asks Act Be Retained Pleading for retention of the Wagner Act, Mr. Smith declared that “to sound a retreat for labor at the present time . . . would signify . . . a disastrous retrogression from democracy.” Mr. Smith said that if members of the Board and representatives of industry could be brought together more often, in such ways as the Chamber’s forum, many misunderstandings could be cleared away.

RULING ANNOUNCED ON DRAFTEES’ PAY

Employers who “make up the difference” in wages to their employees who are drafted for military service do not need to contribute to the Indiana Unemployment Compensation Fund for those wages, Wilfred Jessup announced today. | Mr. Jessup, head of the Unemployment Compensation ‘| Division, said the division regards those

relationship with the employer is terminated.”

Texaco. Draftees

:(To Receive Wages

The Texa§ Co. will pay its drafted employees wages for three months to make up the difference between

pension credit and pay his group life insurance contributions, it was announced today. When the Texaco employee returns, he will be given his job without loss of seniority and the benefits of the company’s accident and sickness plan and disability plan will be restored.

JAPAN AIMS TO SELL MORE FOOD ABROAD

TOKYO, Nov. * (U. P.).—Faced with a steady decline in food exports as a result of the war, leading Japanese producers and exporters of canned provisions report-

"edly were planning today to estab-

lish a control organization to promote foreign shipments of foodstuffs. . Canned salmon and crab meat exports have been particularly hardhit by the war, informed quarters asserted. The Finance Ministry’s statistics for the first 10 days of September disclosed that exports of all canned provisions in this period were 2,510,000 yen ($588,846) below the same 10 days of last year. Ministry figures from Seishin in northern Korea indicated that this season’s salmon catch off the Korean coast is running at a record pace of about 100,000 barrels a day.

FBI AGENT TO TALK HERE ON SABOTAGE

E: J. Wynn, head of the Indian-

s| apolis FBI staff, will outline a pro{*|gram for preventing sabotage in

factories in a talk at the Indianapolis Prevention Council dinner

lat 7 p. m. Monday in Hotel Wash-

ington. Mr. Wynn is expected to explain, for the benefit of factory safely men who are members of the council, how to detect and control activities of saboteurs. President E.

C. Forsythe will preside,

"YOUR PROPERTY INSURANCE

Now, with the approach of winter and increased fire hazards, is | . a good time to check over your property:insurance requirements.

: Without Obligation Consult Our Insurance Department

THE UNION TRUST COMPANY TREET

120 E. MARKET S

on n Everything!

Diamonds, Watches, Autos, Cameras,

drafted as “subject to contzpl of the il Government and the ‘employment

military pay, continue accumulated ||

Europe's W heat

Harvest Lower

LONDON, Nov. 1 (U. P.).—European wheat production in the current season will approximate 1,400,000,000 bushels, a decline of about 16 per cent from the 1939 harvest of 1,672,000,000 bushels, an estimate in Broomhall’'s Corn Trade News showed today. “With possible exception of the United Kingdom and Eire, no country produced a normal wheat harvest since labor shortages, wet stormy weather at seeding time, reduced acreage, inadequate soil, severe winter frosts and cold wet spring were common to all,” the trade publicatioin stated.

RETAIL TRADE STILL GAINING

More People Coming Into Stores; Collections Are Better.

NEW YORK, Nov. 1 (U. P.).—Retail trade continued on the upgrade this week while wholesale activity was marked by more liberal buying

policies for merchandise affected by the defense program, Dun & Bradstreet, Inc., reported today. The trade authority estimated retail trade volume for the current week 6 to 12 per cent over the corresponding 1939 period compared with a year-to-year advance of 7 to 10 per cent in the previous week, “As retail trade again edged forward, most merchants reported that October was ending with good gains in sales over last year despite spottiness early in the month,” Dun & Bradstreet stated. “Shoppers’ interest in higher-price items was frequently mentioned as an important factor boosting sales totals. Qther signs of better consumer sentiment were said to be: An increase in the number of people coming into stores, a substantial improvement in the rate of collections.” Commenting on activity in the wholesale division, Dun & Bradstreet said that “on merchandise affected by defense activity, such as textiles and leather goods, or by foreign developments, such as lingerie and imported liquors, forward covering was generally much more liberal than on ather goods.” Wholesale requirements, as general rule, were reported as being “anticipated for a longer period of time than they had been a few months ago.” On a regional basis, retail trade for the week showed the following percentage gains over a year ago: New Fngland 3 to 6; East 8 to 16; South 9 to 12; Middle West 5 to 15; ‘Southwest 4 to 10; Northwest and Pacific Coast 4 to 7. ~

FOREIGN EXCHANGE

NEW YORK, Nov. 1 (U. P.).—Followin are noon cable rates on major currencies: e Rates, Net Chge. England (pound) a Canada (dollar)

witzerland (fra Sweden (kr Japan- (yen) Mexico (peso)

Membership Card proud to keep the

ican people.

in and enroll. plate on NOW.

DEFENSE GROUP

STRANGE EVEN!

T0 WASHINGTON

Commission Expects to Be ‘Done Over’ After Election.

By JOHN W. LOVE Times Special Writer

WASHINGTON, Nov. 1.-—Thae strangest commission Washington ever saw—and the capital is used to the weird and wonderful—is the National Defense Advisory Commise sion. Headless but many-armed, short of some organs and equipped with duplicates of others, the commission, is now pretty sure it will be allowed to live, but it is looking forward to the time when it will be done over. This will be after the election. Whether it will emerge freed from the interference of the Treasury Department or the jealousy of the War Department nobody knows for sure. The former depends partly upon the outcome of Tuesday's elec tion. , The latter is the fruit of the ancient institutionalism of the military services, plus the fact that in America the preparation of an armament consisting mostly * of machines calls necessarily on the talents of large numbers of induse trial men.

F. D. R. Lends Aid

A commission is always the most awkward of government agencies, and a commission without a chairman is the most cumbersome of all, Mr. Roosevelt has supported the commission in its arguments with other agencies, meaning chiefly the War and Treasury Departments, but time is consumed in referring matters of dispute to the White House. Most recent forceful reminder was a complicated interpretation of the amortization sections of the new revenue act, an interpretation which had to be revised within a couple of weeks by another Treasury order. The second order pretty well explained away the first, and the manufacturers out over the country who were telephoning and coming in to see the commission were finally able to go forward on fhe understanding they had previously had of the five-year amortization

a plan for the taxing of new factories.

White House Gets It The commission consists of threes men for what might be called the “production” 'divisions—Edward R. Stettinius Jr., William 8S. K stn and Ralph Budd on materials, duction and Ibert od four members for outside aspects of armament provision—Sidney Hille man, Miss Harriett Elliott, Chester Lavis and Leon Henderson on labor, consumer protection, agriculture and prices. The latter four can oute vote the first three, a potent means of forcing unsatisfactory compro= mises, often after long delays. If the people working with labor,

.[prices and consumers outvote the :.i|men on the industrial sides of the

program on an industrial subject, or produce a stalemate, the question

has to go to the White House. ‘

Come inand REGISTER . for

WILLKIE

Get a beautifully engraved Willkie Club

which you will be. rest of your life as

a reminder that you took an active part in Wendell Willkie's campaign to’ restore the United States to the AmerWillkie license plates—as long as they last—will be put free of charge on the cars of all who come Get your identification

Small Contribution Acceptable, But Not Required

WILLKIE CLUB of Marion Co.

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

WHEEL CHAIRS Why buy one? Rent one at

HAAG’'S ALL-NIGHT 22nd and Meridian DRUG STORE

FURNITURE LIL:

OPEN EVENINGS

FUR (OATS Largest Selection in the State

INDIANA FUR CO. 29-31 East OHIO St. Make Woodwer our Hobby. on NTDELIA MOTOR DRIVEN TOOLS

Exclusively at VONNEGUT'S

120 B. Washington St. ; ;

Fall Fashions $2 & $3.85. 5 LEVINSON

~ Your Hatter

SRR) Hunting

Boots $2.98, $3.98, $4.98

KINNEY'S

138 E. WASHINGTON ST. Laundry- Maid

WASHERS ........... 243°

Ub: 10 $50 Alberts: ot Tear On

Exacting . . . WATCH REPAIRING AT LOWEST PRICES

. STANLEY JEWELRY £0.

113 W. Wash. ‘Lincoln Hotel Bldg.

AR ARERR AOS WINTER COATS:

-Will Hold Any Coat 1 in Our LAYAWAY

ee AE. x

MILLER-WOHL So. 45 E. Wash, RI%230 EE ————————— Wk ' OUTFITTERS TO MEN, WOMEN and CHILD

LOANS.

Even gasoline tank wagons are being streamlined mow as these new $10,000 T' Jeigh five tons, as much as the old ones, buf have a 2000-gallon capacity, 500 They are pavippea with airbrakes and the gasoline is et Sok Ponda of these

> trucks show. They KA i EWELRY Ete.

. Washer on a New A. B. C.

RAS pak

JR . °