Indianapolis Times, Indianapolis, Marion County, 15 November 1940 — Page 39

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NOV. 15, 1940

THE INDIANAPOLIS TIMES

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PREFABRICATION MAY BREAK L0G JAM IN ols

Ft. Wayne Experiment | Five-Room Home for $900 Recalled.

Times Special WASHINGTON, Nov. 15.—Prefabricated housing might—just possibly—break the log jam in defense housing and help knock down small home prices all along the line. Experts see in prefabricated housing an ideal answer to the need for vastly increased, but largely temporary, housing accommodations in certain defense production areas. They recall the famous Ft. Wayne experiment of a few years ago, in which serviceable five-room houses were put up for around $900. Since WPA labor was used, this doubtless was under any price private industry could be expected to meet; nevertheless, the houses came in prefabricated panels® which could be erected in one day—and which, after the need was gone, could. be knocked down in another day and moved to any spot where they were needed. New Albany Firm Cited

Files of the anti-trust division of the Department of Justice are eloquent about some of the things that have stymied prefabricated

housing. Take the experience of the Gunnison Manufacturing Corp. at Belleville, Ill. Gunnison builds prefabricated houses. Its plant in New Albany, Ind, is a C. I. O. shop. Recently it got a contract to put up one of its houses in Belleville. At Belleville it couldn't get a contractor to handle the job, nor could it hire any A. F. of L. union workers. - Hence it brought in its own crew of C. I. O. men to do the job. When the materials were shipped in, local workers wouldn't unload them at the freight station, and local haulers would not handle them. When, finally, the materials were got to the zlot, pickets swarmed around and there were daily fights and near-riots. Efforts to (get police protection failed. Justice Department finally moved in and indicted a lot of people— local building materials dealers, local unions, and the chief of police. Gunnison was then able to go ahead and build the house. But the case illustrates the kind of problem the prefabricated house encounters.

Code Revision Sought

Local building codes provide another problem. These codes undertake to set up reasonable rules for house con-| struction in the interest of health! and safety, Sometimes they are framed by collusion between city officials, building supply dealers and manufacturers, and local unions, to keep certain low-cost materials and fixtures off the market. Sometimes they are framed with good intentions but in utter ignorance—as witness the small Arizona city which, anxious to have a good building code, simply copied the New York City code| verbatim, thus writing into its local code all sorts of rules devised for skyscraper construction.

Hope for Test

The anti-trust people have the idea that a great many of these restrictions — which sometimes do fantastic things to keep prices up —would collapse at once if tested in court. Justice Department can’t test them, though, unless it can find a citizen directly affected who is willing to file suit on his own hook. It has a standing offer in such cases to join with the petitioner as an amicus curiae, but so far has not been able to make much headway on it. What the anti-trust division would really like is a concerted move to revise building codes, rewriting them in terms of tests rather than in terms of specific materials. This would safeguard the public and at the same time remove the restraints which do so much to. bar prefabricated and other types of low-cost housing. But the division lacks men and money.

GRAIN PRIGES HOLD STEADY AT CHICAGO

CHICAGO, Nov. 15 (U. P).— Wheat moved into slightly higher ground on the Board of Trade today

je opening. Corn was firm. ‘At the end o fthe first hour, cent higher, December 90% cents; corn was unchanged to up % cent, December 63% cents; oats were unchanged to off % cent, December 387% cents; rye was up 3% cent, December 4712 cents; soy beans were 1% cent higher, Dec. 98% cents.

DAILY PRICE INDEX

NEW YORK, Nov. 15 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100).

Yesterday ....v.ievavssesvses 122.98 Week AZO |...icocciseceeeiss 131.96 Month Ago ..iveeedevsioesaes 12027 Year Ago |........qeeesievss 11157

1940 High (Jan. 2) .......... 123.34

pe ants Find Draft Won't Disrupt Sal INESS | Merchants Find Dra ont Disrupt Sales [ ® . - Nearl Much as Was First E ted early as Much as Was First Expecte - 8 Private Sale of Corporation Stock Applicants Not Subject to Draft Registration U.S Experts Predict 1940 6 ‘Ua . Is Called Unfair Discrimination’ : A OA oH oO Vol 10 Per Cent oiume er uen » By ROGER BUDROW Over 1939. IT IS NO SECRET THAT MANY BIG CORPORATIONS, in issuing new stock, do not sell it in public but sell Times Special it privately to groups with large amounts of ready cash, such : ASHINGTON, NOT YBalal “TY group g y . merchants, personal loan companies as Investmdnt trusts or insurance companies. and banks handling small loans ‘hy d¢ they do this? Clifford B. Reeves of Doremus| * : have a new worry these days. & Co., advertising firm, contends that many large corpora- A O A O A O ) | Will conscription cut into sales tions| have fpund that it’s just too expensive and too compli- Fle, SAORI Dis yen ev calle cated to go through all the procedure the Government now for service? requires of 4 company planning a public sale of its stock. ~ Will it mean widespread defaults Writing in the current issue of oR installment contracts and loan Nation's Business, Mr. Reeves said get Ten that in| 1938 private sales of stock e answers to these questions amc ea to 402 million or 39 per | may well mean the difference becent of all cor- f Iween Sump sm Soom for a large porate financing : of U. USINEss. operations. 0 A O A O é 0 Most of the 17,000,000 men of Mr. Reeves de- conscription age are in the active clared that the | : buying class, in the stage where Securities Act, : they want clothes and radios and set up to pro- s cars. Most of them are installment tect the rights Top Paid Here Holds at $6¢ buyers. of all investors | Merchants now find the picture has thus led to For 220-t0-230-Pound / less discouraging than it appeared “unfair discrim- , at first glance. They know that the ination’’ by| | Porkers. . chances are about 20 to 1 against making it im-| | i any potential draftee’s conscription possible for the| There was no change~1n hog up until mid-1941. And by the time Roger Budrow rank and file of | prices at Indianapolis stockyards oD . . a second contingent is ready for ; raft Age—But Married Draft Age and Single : ! i investors to buy | today, the Agricultural Marketing ge ng training the first conscripts will 8 fe ge of the best stock Service reported. | 0 \ oO oO oO have returned to private life. offerings each jear. 1 / : Effect ‘Slight’ He wints the] SEC to recommend | Ihe top price remained at $6 for ] B that Cdngress hodify the registra- 800d and choice 220”to 230-pound- Effects on total retail trade are tion refuiremehts of the presenters e 50 cents lower bound to be slight with a maximum act and fix a limit on the size and of one out of 130 of the population maturity of trahsactions that could Th called to the colors at any one time. be effedted without registration: e Marketing Setvice reported Beyond that, howe: -r, merchants I 710 salable cattle were received here point to the trend in sales now lotion as today, 500 calves, 12,252 hogs and ® prevailing as sufficient guarantee PR 38 a os i 2500 sheep. that conscription will never hold us ere the down volume. will locate tha 2 miliich goliat You Ls i Repts. Nov. Top Repts. Above chart shows how 1000 applications to one large credit Payrolls and employment are subgirpland Dats 3 a oom iy ol grea iy ood 13 at E10 113%! bureau divided up. Draft age, at time of survey was 21 to 31, but |stantially higher than a year ago; a p ih Bend 12... Sie, 22,043| 15: 6.00 12,252| subsequent change to 21 to 36 would not alter percentages greatly. |retail sales are from 2, to 20 per in the Detroit-Chicago-Sou end | Barrows a Gilts | Packing Sows Each figur ts 40 cases. ent gr vari sections of ch figure in above chart represents 40 cases. cent greater arious sections area. The Government will build | 120- 140 $ 00s 5.50! 270- 300 $ 5.75- 5.85 te automobile | 140- 160." 5.40- 5.80 300- 350.. 3.65 5.75 ; the country. Governmént experts the plagt and PivaLe 2 160- 180. 5.75: 5.90) 300- 350.. 5.60- 5.75 ~ confidently predict a gain of 10 per { d ; - .85- 5.95/Good~— ; soncern, will opgrate 1 200- 220. 5.90: 6.00. 360- 400.. 5.55- 5.65 N. y S 7 OC 'K S cent in store volume to continue TE hehe daeee fol pC Ln oe 4. Nee ie = pone [tain THE PRESIDENT of the Asso-| 270- 300. 5.80: 5.90/Medium— 8y UNITED PRESS caused by the draft. : 300- 330. 5.70- 5.85/ 250- 500.. 4.75- 5.50 . Oo f the biggest credit buciation of American Railroads, J. J. 330- 360. 5.65: 5.75 Net Net ne © ge 5 IL : edium— ! Slaughter Pigs High Low Last Change mi reaus in the country made a down- - g 0 gh Low Last Change Pelley, declares [that it was disor-| 160- 200. 5.40: 5.75/ 90- 120.. 4.50- 5.00 A Kress oo. ii. 56% 36% 96% <. to-earth analysis of its particular ganizatign outside, Taine han Siadziiter Cattle & Vealers (Roreits) 710) | Abbott Lab ... 53% 53% 53% + * Rroser G & B.. 30 30 30 — problem. Taking at random 1000 within the railfoad industry, 150-900 812.0013. s0l Yearling xoludedy [AURME Kap ... Sb Oe Sn 3 Lasiotte G2 le " . |time payment or charge account caused {the trarjsportation difficul-| o0c1100."12.78114:00 Good ..:'s &.15- 1.3 | Alles Cplssbww 10. 10° 10° — JLo Sl ali Ja is + 5 lications f ch of two days’ ties in 1917 which led to Govern- 1300-1300. 13. 001 ii Sees. §.50- 7.00 | Allegh Lud 8 . 24% 247s 24% + |b |Len v Coll hg, nd. N44 = 32 2DPUcalions irom ea y y ies in 1917 w C (1300-1500. 13.00-14.25| Medium © 8.50- 6.50 Allied Ch 1731 1731 173% 4 1k 0% » 11s LE ular fl it found that 84 per ment control. “{Thosé things won't|Good— SIUM, A Alliec fooem - or T3s4 1733 1D 114 pe n&y.... 22 12% 12%2 + J regular flow, Pe happen gain,” he maintains. Ma- | 130- 900. 10.25-12.00( common » 4.75- 5.50| Am- Airlines ©. 63° 83.0 63° + ia|LO-F Glass... 4112 471; 41a... [cent were from buyers not subappen again, . 900-1100. 10.50-12.75 Vealers Am Cable R 1% 1% 1% ..... link 72 a 7 atl tf } nk Belt : 38 3 3 -— ject to the draft, 12 per cent from chinery |already has been set up to|i100-1i00. 16:30:5300] eno fee. 10.00-11.50 Am San Lioee- 93a 8312 922 — Lion Ol R11. 11% 11% 11% .....'|married men or others near the nd has -1500-. choice . 10.00-11.50 | Am C & a a 3 "ty | Lockheed Bus Bie Ihe 1106... ER eaten aug mov the test” | HART rsh NRA ra pan AR ASR lt M3 M2 EURO 0 BD WF i upper age limits, and less than 4 3 1100- 1300. 7.75-10.50(Cull .... 5.50- 7.50 |Am Loco fs "17% 17% .... | |Long Beil ao". 292 2%ie 201s — %siper cent from single men. between 8 | Comm A 3s 30 -.} |Dorilt Sol nots 3 ry ; 2s hi { 750-1100. 6.50- 7.75 Feeder. Stocker o. = 34 (lorlliarg . ow 20% 20% + Ya 2 and 31. At the tine of jg suryey. . 0 erain Steers wee we Wf an 0 wer a. conODDS AND ENDS: C dicagc sr Steers. Heifers cReceipis, 500) 1 yz + Is acy eT 2% " + VY Se ages ep men repart the ¢orn crop this year|c | ann B Let 812 168, 16 22 7 i Marine Mid'.ll “4% i aT; scription. i - - - 298 7 is expected to be of good quality S00 750. 11.3512. 50) 300: 500.. 30-1032 [Am Woolen pt. 5812 pat 28tz I ia|MKLSR pr DL 11 1 I +5 No Change Noticed despite | Some chaffiness resulting | 500- 750. 10.00-11.25{Good— Anatondan a% Am AB oo ||Martin Parry .. ian Izy 12m Zn : from drought @and early frosts. 1/300 800.. 8.50- 9.50| ATMOUL TL oo-- (3V4 gE 2 ity [May DS LLL... 512 51% 51%a .... The big mail order stores are exHusking is well gdvanced, they find, | oy, 0. Heifers pS00-1080.. 8:50- 9.50 Armstrong Ck" 31% 814 31% .... |McGraw mui! ‘8% ‘01 91 I''|Cellent examples of the merchandiscompared to avetage years although | 750- 950. 11.00-12.00] S00-1000.. 7.50 8.50|4350, rE 3 pt 03 © 93° 93° .... ||McKesson & R. 43s 44° 4% .... |ing attitude because they run into trailing last yearjs exceptional prog- 30 900. 10.00-41.0 0 calves (steers) [Atl C Line 13% 13% 13% .... IMeivils Sh ... 2912 29" 29's — i3/all the angles, from that of the ress. . . | The Australian Govern-|Med Oot ang Choice Lib fUss COD vier T% Tn 12 °(Mission corp .. 1lJa 1034 117s + 9% haberdasher to the tire dealer. So ment announced it will float an 2550-500 7.50-10.00 Medium LY Eoid Lote cb i Se TH Th Mullins Mfg B 4% 4% 4% — % far, they have felt no falling off in \“internal |defensé loan” of 25 mil-| 500- 900. 6.00- 7.50] 200° H00. §:99-,0.58 Balt & Ohio ize as 55 + Nn "|sales because of conscription. Het lion -pounds in mid-December and Lalves (heifers) BanROTAY OT *» 1512 101: 100% 77... || Nash-Kelv 5% 5% 5% — | They not only expect its effec two mord beforé next June. . . .|Good .. Co" 875 7.501009 Gown 17.00- 8.25 Beth Steel 891 89% 891. — 1p Nat pojation.. 11% 11% 11% — JY |to be unnoticeable, but anticipate Eastman Kodak ill pay out $2,625,- | Medium 6.00 675 Medium— "Borden AIP 5s, 185s 19s ap[Nat Lead 00205 20 20 ll little trouble with credit. Their 000 in lan employees’ “wage diV-|~ common 4.754 6.00] + 190 8.1% Borg-Warner .. 223% 22% 22% + MING "51. pi. 48° 48° 48. .... |credit men are sold on the thought idend,” 20th such disbursement Canner.;. 3.75- 4.75| Bliges Mtg ...- 21s 28a 281s + JiNat Sup 2'pf.. 11% 11% 11% = '% [that the American public is a good i the, plan tarted. Bucvrus-Erie .. 12% 12% 12% + Ya/NSE) 515 ag1e 3912 + 34 risk under almost ircumstances since the pan was s + + | SHEEP AND LAMBS (Receipts, 2500) |Budd Mfg .... 6% 6's 6's + bs|Newmont Min. 6 207; 20% 29% + 3 |risk under almost any c Spain is report d to be much in Good ahd choige ...d......... $ 9.25- 9.50 —Clee New LNs 253s 3% nn — i But they also know that the poorHoey of Ww] Sat a d Drala > Medium and gopd 7... 000] 250-3 $9 Canada Dry .. 14% 14% Ha + % NY Ship... 3 + 34s + 7 o Hes are among He Se nowt said to| have asked U. S. help in|Common %... 05. [0000000 Ail ryt 0 s = i13]No Amer ’..... 1% i ely e conscripted—the young. 2 i3|No Amer 6 pf. 57% 57s = 57% + } 0 supplying | the shortage. . . Trade| ~~ Yeatung Weathers = [G38 oor Oy, Oy, hh, © %2iINo Am awn.l.ll9% 10 Io 1.” [unmarried men. Investigators are papers are predidting that this year | yooh, nie 001? -ooooooooreoe gpl ggg (Certain-teed Co. s% 5% 8h + ls —0— always more careful among them will be the second highest year in Chrysier ...... 82% 821% 82% — J4|/Ohio Oil ...... 7 7% 7 .... |and are perhaps more | so since Ewes (wooled) 1 i 1 history for truck] output. . . . Extra tend aril chal 250. 8.28 Col Os pl A. Bile SUA 830 oh Ya OMNIBUS Lt nm, HM, MN ... the draft registration. Most of them dividends | were declared yesterday | common and medium: :.1::10 3000 4.00|Com Inv’ Tr 41 41. 41 + '%|Otis Stl cv pf 4 7° 0% @"® T1"|are being asked what provisions by . Elect grap le Borg Lionel . ——— ye |Somuiih & So. lr il ale tial Bes Avr Fie Pe oi wr they have thought of to carry on Corp, A aboratories, Gtor| CHICAGO LIVESTOCK (£55: 8 0: 3% si 283 :i: [Bac Gam: ada ama 25's © is|payments in case thelr numbers Paint & Varnish land Brockway 1 _ | Container "..... 7 17 17° 4 "4 |Pacific Mills .. 14! 14% 14% .... |are chosen, but there is no discrimi-| \ Hogs—Receipts, $000; weneral trade ac / p , 1 : ? ’ ’ . tor. . . . (World |production of pe- Cont Mot ..... 4, 4, 41, .... |Pac Tin Cons.. 4% 4%s 4% + 15 ; i tive; mostly steady 5c higher than : : nation against good risks simply trol in September was the low= | Thursday; up more on strictly choice me. |Cont Oil Del \'. 203% 203, 2035 1''% |Pac West Oil. 7 3 Ts T:1 : ihility roleum ‘fl S€p IW= | dium. Weights and heavy butchers: top, |Cream Wht ... 19% 19% 19% 4 Js|Packard ...... 3% 3% 3% .... |because of their draft eligibility. est since | February, the magazine |se.15 paid freely; bulk good and choses [Crucible Stl ... 44% 443, 4435 — 1,|Pan Am Air 17% 17% 17% .... th ill be encouraged World Peé reported today. | 210-320Lib. buichers, 86050615: most Gib AM SUR ... S 10% oS il al lee TE We Ee t a Joist, they Wi e in Re . -200-1b. lights, $5.85 Wo - Ss- - 100s 4 4 . : . 2 2 352 rv ito Invest a DIS more § y ed 4 0-1b. packing = sows, generally $5. 85a Cutler-Ham ... 21%2. 212 21%2 — (Pathe Film ... 10% 10% 103%: 4 dst 85; few lights, $5.90: most 400-500-1 Penn D Cem 3% 31, 12..." |clothing or orange-colored roadsters. n E | Kinds, ‘$9.50 5.70. : —D— Penn RR ...... 2812 25'7 2515 ''14 : LOCAL RODUC Cattle Receipts, 500; Calves, 400; Jery Dal 8, Jind eee 13% 3% J42 * Ya Det Sop. Am. 3814 3st ao + H, Expects Smaller Losses - , active cleanup mar w ows predom- £ g sense v Ya Ya : 3), 37 P % 4 Ee0L iged lien ee nt Ley inating in crop: this class 10@15c higher: Dresser Mfg ... 22% 22% 227 — 3, |bhillins Fet .. 39% 39% 39% + 12 yaws applying to the National Tis, 16; Barred and White Rock spring- (all other classes firm; hardly enough in| Dunhill -....... WD 10d a + %elpitis Coal nf ©. 33% 3313 3312 i dt ipts in the hens, 7c; TeR dS fhoavy breed spin either load or odd lois to make a mars|Du Pont ....... Tl 161% 187% — 1'2|pifts Forgings. 16% 163 18% —''u Guard an 0 conscripts or he. Teghom springers, lic; batehack Eeu De% Colon $11.50 with bulk at sv |Du Pont pf .. 228 1% 128% F iia Pitts So & B. 1% 13 ‘43% is|Regular Army establish a mora- ’ ’ y 2 noice 0 0 R eller 0 7 7 F i : springers. 94: old Ifosters. 60. nd over, {UD fo S12. "most heifers turning’ Sos aie Li . a am 2 + | Pittston. °F Pf: 6472 6872 6872 + z|torium on all debts for men in the 18c: young | toms, 16-18 Ibs.. 15c: young down, Ey edi Um grades Hm Ees Alrines. 5a = 3% * 10 | Bress Stl Car’ 13% 13% 13% 4 !s|service, except where it is deterProcter & G 59 593 1% toms, 18-20 |Ibs., 14¢; young toms. 20 Ibs. active: medium to good grades in fresh|Elec Auto-L ... 37 3 37 + Y|pub Serv 303. 393% 20% = i*|mined by a court that they can be and ‘over, 3c: old] hons, 15ci old” toms, | receipis selling freely at $89.25; No outs |Elec Boat ..... 16 IL. Co iPahiman v* Bak SG _ 1 ; i th 10c; crooked hreast,| 12c. Sian ing shipper bulls here; best around |Elec Pwr & Lt 434 4%, 434 ... Pure jp ite 854 st si paid without hardship on € men ee al vealers, Sioa ESET HA HBF freee WTB ®9 — Bor their families s. and |gver cl white Sheep—R ip s .|Elk H Coal . 34%a 34 34Vy — pi : Sr need CER LI foc: i TY Righer ai Elk § Coal .... "J i . air Radlo ......... oz Both laws are modeled after the ea hy | S. ‘ 3 t q 1 i ng Pu ivi s 3 Bh wm avbestos 3 3 “ : i ’ ivi i colored, full feathered and fat, under 5 halves ‘and Es. ris ce Eng P S 5.50 pf 80 8 . 80 = ig Rayonier ...... 18% 1834 a Soldiers and Sailors ciyil Relief 1bs., 8c; Ipdian Yun ner, fe fat 9.1% 1s. J 9. 50: pload choice 105 -1b. + gg Summer Evans Prod ... 9% ov, gv, 1 it Ravonier of 28 28, “|Act” of the last war, passed on eese— shorn "lambs yearlings, $8.50; to- ee al Silk ...... 2 z ller number “74 1bs. land ovdr. 9c. d fairly’ act iy sal F Reo Mot vtec '.. 1la 11 March, 1918. The sma indiana Grage Y large a Th far lam s"sicady. ‘yearlings: ‘strong! early Ped Auth Aes n> oh a? wee Reubli ' 231 2314 5 of loan companies then in existence i rade medium eggs, Cc: Sma op an u £00 0 choice native lambs, rs Is .. J cane pL. A / : Senn A and No, 2 eggs, 15¢; no grade, | $9.50; 'some fed Western lambs held high- Food Mach ..., 3212 3212 32% <4 1,|Revere Cop ... 13 at »| calculated their losses at 4 to 5 c. Lf mane No 7. 20 er: few medium to Sood notives, [email protected] 5: Foster Wheel L1G Ie Ia + vere ing 28 8 per cent. Butter—No. 1, 3f@ 20: 0. 3. @ | common, own; two loads handyweig reept-Sulphur. 362 36a 362 .... A ‘a 2? 8 gs, eRe Ne Lo Tes a | me [Edo ER fC BES wi 8 pes dr es Lo ; en Am see -% re . Gen Baking ... 7 7 7 = 1g |Rustless I&St . 15 15 + |draft age, and the auto finance y Gen Cable ..... 7 7, "lh —. 14 |Rustless I&St pf 47 47 47 seen DRUG SALES INCREASE OTHER LIVESTOCK Gen Electric... 3412 34%2 3412 + 1! we companies, with 25 per cent of their N P) CINCINNATI Not. 15 (U. P.), — Hogs— [Sen Foods .... 31, ~~ 81 ~~ 31 ~— 1z(Safeway 5 of ..110 110 110 + %|business in jeopardy, have a bigger NEW YORK, [Nov. 15 (U. P.).—[salable, 5000: to ta 1, 5100; active, Him ‘19853 5 2 = lS; Jos head 41 41. 4} sees h the storekeepers. It les of MdKesson & Robbins, to 15¢ higher: $6.10: 2180-300 ibs | Gen Mot pf... 125% 125% 1255s + 1s|St L-8 Fran pf. 1 A 1, .'.. |headache than the storekeepers. Net ale Or dol amounted vo ola. |80, 100-140 br, Whsogods: most sood|OSRCUGAIY AH, 4, 48, + gugeers Roebuck 1% 19 mM on lis safe to say, though, that their Inc., for Oc 0 ,= packing sows, $ imbel Bros TV Ti 71... "|Sheron Stl ..Il 15% 15% 15% + [losses will be far smaller, than in|\J 864,872 [compared with $13,476,714| cCattle—Receipts. Go “calves 300: an-!Goodrich ...... 16 16 18 —.'"1, |Socony-Vac ... 97 974 97 - B in ‘he corresponfling 1939 month, an other slow, catch -as-catch-can market on | Goodyear ...... Bn 15% 9% ...° §o Cal Ed . 281s 281s 28% + the last war, even without special \ ioe cutter to common el weig steers and|Gotham Hos ..., 2 2 2 as ou ac v 9% 95 uns incressel of 1030 per cent, William bith SUE Bae Shik BOE BC SERRE Cl dn dn SER EE pee er J. Wardall, trustee, reported today 50g, lower, and choice, $11.50@13. |Gt North of 18 18% 181 + IS Ry M&O cis 28% 28% 38v + i FOREIGN EXCHANGE in a preliminary statement. cep Receipts, 500; fairly active and|Greyhound 113% 11% 11% I "1, |Splemel Inc ... 78 ‘7s, “3p a, ‘nearly 1501S oF30%0 15s: Cholee | Greyhd 3° Bt: DT HT fT ee Ds 3s 3B, 3s T | NEW YORK. Nov. 15 (U. P).—Follow5 own: Sommon and medium Gulf Mob h 28 28 28 + Ya|Std G&E 4 pf. 334 334 334 8 {ing ae noon cable rates on major curWHEEL CHAIRS slaughter ewes, $1.505a2 50. —H— Std G&E 7 pf. 18% 16% 189s + 1 |renc €3hie Raths Net GhgHayes Mfg . 27% 2% 27, td O Cal 201 20% 20% + England ( ound) ssaee 34.04 —.00%s Why buy one? Rent one at Steady 520-940 Tou. $6: 200-230 1s, S550: Hecker Prod .. 8 ' 8 3° |. [Std outed... 3% In 2738 ee |rmbada Collar) -...u, 0305 | ’ : 180-200 1bs., $5.85: 160-180 1bs., $5.15: Herc Mot ...... 1%. 11» rin .... |BO0B J. 314 37s ok ... IF wnd (markka) "+... .0200 HAAG'S ALL-NIGHT 260" Ib. 45,001 he0-ai0 ns’ shen: Bao: Houd-Her B''.. 14 § 1&8 — %iSione's Web. 176 Hi 15 I io |Switzerland (franc) ... Loam | Si» 15; 300- S.. , =35 eves i] eset e ire | 22nd and Meridian hs, $5.85: 350-400 Ibs. $5.60: 150-160 Ibs. |Hud & Man pf. 3% 3% 3% + '% a ek Bn sh aE TI Te aay restos to 2348 3 DRUG STORE BIE Ee ETS gE 3 Af SU, Seen ony BR] as | 05; = S,, ; . Inland Stl ..... 92a 92% 92% — 2V2 a 22% — Y A 3433;. Joughs, $5.25; ‘stags, $4. calves. mnspiratn_ Cop. 14%; 14% 14 — 13 ~T : | DOW-JONES STOCK AVERAGES 4 ’ Intercon Rub .. 5% 5% 51a + la|Texas Corp ... 393; 301; 393; 4 3% 30 INDUSTRIALS ; . Int Ag pr pf:.. 32 32 32 + 2 ex G Sul .... 367 363 36% — Ys 0.3 TODAYS INVESTMENT eae RH. 8B, ISG mH OH CTs oy IE So | .e x -— 1 cee x by 4 / cee me | : Tht Minne noo. 19:8 13. 10% EY Li He WE Bn ov (Week ago. | g 38 8 + 13 Oil.. ® 104 Int, .... Month A —0.04 . For Int Nickel ..... 28% 281 8a — Tmk-D Ax °.\ 20% 29% 290 Ll Noy a EO os To | | ’ n tP pf.... 3 —_ imken / “ise ear Ago ... . TOMORROWS SECURITY Intertype ...... 8% MM no" Ire west Alf. dod 11 10% Si | High (1940), 152.80; Low. 111,84. A Horie is more than an investment in day-by-day happiness, lr RE 113 4 a 5% +4 Yi| High (1939), 155.92; Low, 121.44, ] P y , ent-Fox.. 63 6% 638 «ue pleasure and comfort. The home you build or buy today is a sound |{7ones & L 7 pf 103% 103% 103% + 3% By pha t= : : Sosteriay #0} RAILROADS ». ton Investment in future security for your family. Ban O Sou... 5% 34 3% — 4 PCa oe Be Ji J Ji lWeck AR 1eeijeiariinien) 2087 —033 F. H,|A. Loans with convenient monthly payments. Han CB Pr.. 19% 18% 19% + %|Un Oil Cal 13% 13% 13% -...|Month ARG ..iiseresiereiiss 2896 40.16 HE NION TRUS ; ANY ||Bemmecor™.0i gue gue gue xn or dered: 3 1800 + Bivear Ago i... vretenh 3380 0.08 +. T : , U T COMP Kresge SS ..... 25 25% 25% — n Gas Imp .. 10% 10% 05... High (1940), 32.67; Low, 22.14. Member—Federal Deposit Insurance Corporation on Mer & wie Hoa 15 5 + ? High (1939), 35.90; Low, 24.04. U S Hoffman... ? L 15 UTILITIES SE us Rubber © 2% 23m, 28% XY [Yesterday vueiiiiiienniees 21.40 —0.26 ip a : . 2 + 12lweek ARO .uovvieceiarreres 21.91 —0.21 U 8S Steel 737 37% 3% — Ya »e U S Steel pf 1293; 1293, 1293 1, IMonth AZO s..cvvevvaces cess 22.33 40.01 GLASS ES on C 1 EDI He HITT US Tob 31% ale ain ET Year 410 eimprieers feee 26.00 40.07 ; n pf.. 6% 6% 6% + High (1940), 26.45: Low, 18.03. = Vanadium ..... 357 35% 35% Hizh (1999), 97.10; lov, pon 1 ] LP Waldort 5: os TY 8% .... er . 2 32 + Yi Warren Br .. 11; 1! 114 Va | JB Q Wayne Pum 4 : : p. . A 20% 203%, + % est Md ..... 4 4 -— West Union 23% 23% 23% + 1s é West Air Bke.. 24 24 4 — VY Z esting 106% 106% 1067 3 2 4 Whee1 “Steet”. ’ ag i iy iy : : 32% + 4%]. PY, F ite Mot .... 15% 15% 13%; + 3 White Rock ... 1% 19 3 Te Wilcox O&G ".. bs a ae ane LEADVILLE, Colo., Nov, 15 (U, FIRE—-CASUALTY Worthington". 33% 33% 33s, I 32 |ment—goes on sale on Dec. 9 for —Y - | taxes. ; ™: AUTOMOBILE Young Sheet ... dd M4 ‘uu 4 | |Buy Direct and Save Save on| your Duy by buying (direct from Jactory, 1) throug ho our local INLAND MARINE U. S. STATEMENT ranch. y pay more § sma 0 rifty. Glasses comp te’ with TORIC lenses for FA R NEAR Visto with TEI TS Td erVASHINGTON. Nov. 15 (U. P.).—Gov- 1939 tax assessment. ‘ '' gold- ass round o on oO se Livaneed) Regit tered Doctor of Rteopat hy. . B Drescriblion current fiscal ear 30d Jecaints =. ie The property, valued by the state Broken lenses. dupll- Ag aay tv 0 pared with a year ARO at $16,276,745, has been estimated to or Careful Property Owners This Yea Easy Payments aired and replaced. ok Saw Expenses 85358 if ha10 3 213% Hy be worth as much as $63,000,000. x che y ay Tor CECtuL ts. .{ Oculists prescrip- BLT] Savings Receipts _.. 2. 00. 8: 201595194722] The action resulted from a long Preis e of any cr payments, ti Gross Def, 55, HET 1497193177 38 nice Is $ame ps for cash. No Interest, no Carrying ons filled. Neb Def... 133133171733 1.497.003.69759 (dispute between county and state charges. Credit to WPA workers, : a Bal. 2.018. ek 3.280.932 383.84 officials and the Climax firm. Cli124 W. Washington St. Pub. Debt. 44:211:046,430.09 41.205.727.831.89| Max attorneys have protested the é ; ol . g Gold Res..21,636.869.910.07 17,192.583.654.16 | assessment as ‘“‘excessive,” in4 Open Tuesday, Thutsday and Customs .. 2,505:662.65 132,197,421.69 ma, Saturday Evenings to 9 P. M. ge Stores in Principal Cities INpiaNAPOLIS CLEARING HOUSE should be onl $77,000. Cleari y FOUNDED 1897 comme earings . «oer $74,725,000 ebits .. ester tare ey eevee 12,

The mine normally employs more

Climax-Molybdenum Firm ToBe Sold for Unpaid Taxes

P.).—The Climax-Molybdenum Co, , |—world’s largest producer of the vital armaments and munitions ele-

Frank E. Kendrick Sr. Lake County treasurer, has advertised the property, located high in the Rocky Mountains 15 miles northeast of Leadville, because he said, company officials had refused to pay the

taining that - the. correct amolint|the Climax firm's only large market,

payment of $281,000 in delinquent

than 1000 workers, but has slackened production recently because of an .oversupply of molybdenum

caused by the wartime combat zones through which United States pass under Great Britain,

shipping may not Presidential order.

recently has used nickel as a sub-

Norman Renamed

ot

me

Montagu Norman , . . stays on.

LONDON, Nov. 15 (U. P.).— Montagu Collet Norman has been nominated to serve his 22d annual term as Governor of the Bank of England, it was disclosed last night. The announcement dispelled rumors that the 69-year-old internation onomist who has played ading role in Britain's economy for the past two decades would be replaced by Lord Catto, an economic adviser to the Churchill government. Nominations are usually tantamount to election.

STOCKS MOVE

N. Y. Trading Slower Than

Stocks fluctuated irregularly today with volume well under yester-|H day's pace.

most of the list before noon and |1 carried over into the early after- |} noon. market met support and came back from the lows.

ranged to a point in U. S. Steel.' General from its low of 52 off %. Amer|ican Telephone replaced a small loss with a minor gain. fractional advances. ties and mercantile issues were mixed.

for No. 1 wheat, 84c: RAnRG: Ih, des on their merits. Cash corn: New No. Cc}

IRREGULARLY

Yesterday’s Volume; Steels Down. NEW YORK, Nov. 15 (U. P).—

A recession occurred throughout

At mid-session, however, the

Steel issues reduced losses that

Motors firmed slightly

Oils held Rails, utili-

PAGE 39

VIOLATIONS OF

STATE QUOTAS T0 BE PROBED

Special Agents Will Check

Marketing of Burley Tobacco.

OSGOOD, Ind. Nov, 15 (U, P.). —Special agents will check reported violations of marketing quotas for the burley tobacco crop in Southern Indiana, Joseph J. Todd of Washton, fiscal accountant of the quota division of the Agricultural Adjustment Administration, said today. His statement followed a meeting of triple-A committeemen from 26

d| southern counties to hear an out-

line of regulations for the 1940<41 burley growing year. The market« ing season for the crop will begin in December, ; Mr. Todd said that the regula-

tions were recommended by farmers, warehousemen and dealer repre= sentatives. They provide that op= erators of farms receive marketing cards from county AAA offices. Quota cards will be ‘issued to farmers whose acreage of tobacco hare vested does not exceed their allot< ment. All tobacco grown in such] cases could be sold without penalty. Excess marketing cards would be issued farmers who harvest tobacco in excess of their quota. The cards would show the allotted acreage and the porportion of tobacco on which a penalty of 10 cents per pound would be collected.

LOCAL ISSUES

The following quotations by the Indian< apolis Bond & Share Corp. do not repre sent actual price of offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks

Aconis Finance Corp com. Belt RR & Stk

Ask

N Ind Pub Serv 67 70 pid.. N Ind Pub Serv 7% Dd..

Du Pont lost 3%2 points and failed |

to recover while Hershey preferred Home was up more than 3 points. erous other preferreds were up a point and more and a long list of special issues showed gains on dividend and income news.

Num-

WAGON WHEAT Indianapolis grain elevators are payin subject to marke

4 new vellow shelled corn, new No. 4 white shelled corn, 59c;

No. 2 white oats, ‘340

| Progress Laundry co rh 16 Pub Serv Co of Ind 8% pid.... 47 50 Pub _Serv Co of Ind 7% pid. 1. 95 98 So Ind G&E 4.8% A .102 105 Terre Haute Elec 6% td. . 98 103 | Union Title. Co com . eee | Van Camp Milk pfd. esx | Van Camp Milk com. 12 | Honds i American Loan 5s 51. . BD 102 | American Loan 58 46......... 100 103 Citizens Ind Tel 4%e 81 ...... 102 106 | Crabbs-Reynolds-Taylor 5s 42.. 100 T&T Ft Wayne 5's 3. 105 | e T&T Ft Wayne 6s 43.. 102 106 | bom 8 590c. Tel Co 3'%s 70.. 110 | | Indpls P&L 3%s 70 " 108 108 ndpls Railway Inc 5s ‘61 62 65 ndpls Water Co 3'2s 66...... 105 107 | nterstate T&T 5%s 53 ...... 98 101 Kokomo Water Works 5s 58...104% 107% Kuhner Packing Co 4':s id «+100 0

Morris 5&10 Stores 5s 5 M 5s

Pub Serv Co of Ind 4s 69.. Pub Tel Co 4'as 55 Richmond Water Wks 5 "$1.. Trac Term Corn 5s

stitute for the metal, officials said.

AYRES’

* Ayres’ Men's

TOPCO at 26.50

* Scotstwe

Alpaca an

and Gaba

Ys May Be Purchase Ask Your

count.

re

Harris Tweed

Reversible—Tweed

MEN'S CLOTHING, SECOND FLOOR

L. S. AYRES & 00.

MEN'S STORE

Store Has the

0ATS

ed d Wool

rdine

d on the Budget Ac.

Salesperson.

3