Indianapolis Times, Indianapolis, Marion County, 29 November 1940 — Page 34
TVA Power Firms Earn Four Million KNOXVILLE, Tenn. Nov. 29 (.
P.).—The Tennessee Valley a | ity Jaday | reported that oe blic-|
DISPUTE FLARES OVEREXPANSION
EXPECT BRITISH TOLEAVE TOOLS ; INU. S., CANADA.
{New res Away From , Would Make "War: Needs. i
By'JOHNW. LOVE: } Times Special Writer
CLEVELAND, Noy. | 2 — . Many. millions of dollars”, worth of Amer-
BUSINESS
U. S. Boromes” Greatest Haven For Refugee Money in ‘History
By ROGER BUDROW ;
: IN THE YEAR OF TOTAL WAR ABROAD this country has become a haven for refugee capital: unsurpassed in world history, according to statistics published today by| 3 the/ Treasury Department. Nearly 807 million has been received, representing both banking funds ahd foreign ~ Becurities purchased. Fo 5 : Despite heavy withdrawals by the British, foreign
-
STL FR
|F. D.R. May Be Asked to" End Controversy Among. | 5 Defense Experts.
| WASHINGTON, Nov. 28 (U, P). —Defense commission officials’ are| engaged in a controversy today Over | the desirability and néed for ex-
te Pram conti
-
The pods gto e] the ‘average domest served by these agencies sed 183 Rilowatt- hours of electricity dur. the year. The nationa Bg consuinption is only 925
ret No
$
f banking funds here reached an all-time high of $3,601,419,
. 000-on Sept. 4, the Treasury said. The United Kingdom withdrew nearly 321 million dollars, 157 million in. :deposits,
and 158 million by selling American securities it held.
Among the largest depositors were the French whose funds: here rose 200 million during the year. The Swiss sont about 196 million; 144 million came from Asia} 54 million from LatinAmerican nations; 42 million
~ from Canada; 27|
_ million from the Dutch. and 14 millionfrom Italy. The Treasury report revealed that not only are foreign funds i .moving fo this Roger | Budrow country but American capital held abroad declined everywhere except -in Asia and Latin-American. And foreign investors were quite active in American markets, #rading about 112 billion dollars worth of stocks and bonds during ‘the first year of the war, . s x 8 ADD THIS to the “What will They Do. Next?” department: Glass cloth is being used now to make wings for airplanes. The Owens- ~ Corning Fibreglass Corp., at its an- “ nual show in the Waldorf-Astoria, is displaying the material being used for wing coverings on some of, the smaller planes, being non-inflam-mable and very strong. 2 x = BACK IN 1929, a membership (or “seat”) on the N. Y. Stock Exchange sold for $625,000. This week one sold for. $33,000—lowest since 1899. The irony of the situation is that some ° Exchange members who bought their seats back in those days of high finance still owe as much as $100,000 on them or more than three times the present cost of a seat!
2 8 8 ODDS AND ENDS: Corn husking made good progress in the East this week but Midwest husking got practically nowhere because of the weather, the Government reports. « + o Trade quarters believe cotton growers will vote (Dec. 9) to continue the acreage curtailment plan. « +» + American Telephone & Telegraph’s sale of 140 million dollars of
securities to 14 insurance companies is the largest “private placement” since the Securities Act was passed. . Many traders have bought U. S. Steel common stock recently, believing there would be year-end dividend soon, but the regular di-| 4 rectors’ meéting passed and none was declared. . . . John K. Pepper ‘ Jr., analyst for E. F, Hutton & Co, says “Many people are fearing infiation but it is our feeling that there is more to fear in the direction of deflation by taxation since the Government seems to have ade- , quate methods of controlling counter forces of an inflationary nature.” . . « German So) Italian fur dealers are expected to be biggest buyers at the Swedish auctions because of favorable exchange rates. -
DAILY PRICE INDEX NEW “YORK, Nov. 20 (U, P).— Dun &: Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):
Yes _y setts usssrenIsee 124.12 Sods deo wee svesseerescessoe 123.65 Mon ago es 0 ss essssneroReee 120.19
Year ago SN easess 11898 1940 High (Nov. “am cevseenes 124.12 1940 Low (Aug. 19)- Cred shens 112.42,
a LOCAL ISSUES
otations by the lian The’ following ue Mons oe Tadle
lis Bon LE price of offe 8, but Srey indicate the appro: ate market based on buying and ‘selling quotations of
recent transactions. { Stocks Bid Ask
Ci com... ve . 1% ® fhe & Ste yas com 53° 86° Xs LE Row 1 In
T oN WE Pt W iii
fern *i3c: ot
Van Camp
American Loan Bs af Bs 51 .. American LOI rh .o Citizens Ind rs 4Y,8 vi 10. Citizens olds-Taylor 8s 43.. Honie T&T Ft Wayne 5%s ... Home T&T Ft dg of 6s 43 ni Assoc Tel Co 70
Interstate Ti Koko! Wate Se ahner at Yo i 89.
, 100!
UD os Water Wis > n-. Bic Term Corp 5s ve
WHEEL CHAIRS Why buy one? Rent one at HAAG'S ALL-NIGHT 22nd and Meridian DRUG STORE
UTILITY SHARES | E TURN LOWER
Market Irregular, Quiet; Auto Output. Highest Since May, 37.
‘Weakness in utility shares featured
day. New lows were made by Consol
Public Service of New .Jersey at 287 off 15. at 163% off %. Steel issues held part of earl
tors were slightly higher, aided by Ward's weekly production report showing output of cars and trucks this week at anew high since May, 1937, at 128,783, against 102,340 last week, and 93,638 a year ago. Aircraft and air line shares were firm and some chemicals had small gains. Dow Chemical, turned weak and lost 112 points to 128. Building issues' eased. Rails were sustained by favorable income reports, Westinghouse Electric gained a point to 104%,
GOAL PRODUCTION MAY TOP '37 MARK
WASHINGTON, Nov. 20 (U. P.. —Bituminous coal production for 1940 may exceed the post-depres-sion peak reached in 1937, John D. Battle, executive secretary of the National Coal Association, said to-|D day. es Mr. Battle reported that output in- the 47 weeks ended Nov. 23 totaled 402,127,00 net tons, more than the total for the entire years of 1939 and 1838 and 15.5 per cent above the like period last year. The peak set in 1937 was approximately 466,000,000 tons. “The present level of production,” the secretary said, “is still substan-
sible to step up niine output to meet increased fuel needs for national defense, as these demands arise.” For the week ended NoV. 23 pronet tons compared with 9,280,000. in
crease of 2.4 per cent. -
ANSWER DUE DEC. 1 ON MULTIPLE TRADE
The . Securities & Exchange Com-
New York Stock Exchange ban on multiple trading by members and | Toe member firms will be answered fol-
‘lowing a meeting-of the Exchange
governers on Dec. 11.
dent of the Exchange, . announced that he already has advised the commission, to that effect.. In the meantime, he said, “existing exemptions to this ban, which have
have been extended until Jan. . 1941.
U. S. STATEMENT
WASHINGTON, Nov, ‘29 (U. P.).~Goyernment i and expenses for the current fiscal year {Brough Nov. 27, compared with a Sap ago:
: t Yea Expenses .. 9 936, aad, 55. 02 3.000 es so0. a eSeipts 14231 15.458.73 2,145,473, 138 086.28 1,675.7 1,5 ii 1866.29 9.338. j3. , 133.884
144,264, 416.7 2. ‘35 1.3 yao de 0 ..21,754,627.251.58 17,32 ,480,983.95 vv 125,756,080.40 148,141; ‘38 .38
INDIANAPOLIS CLEARING ‘HOUSE Clearings «...c es seessasnssensses $2,968,000 Debits p 8,915,000
Heavy breed hens, 13¢; bareback hens, Lis Yeghorn hens, 2%} bareback Leghorn 7c; Barred White. her colored Desay br springare, 12¢; Leghorn 7 rs, ‘116; | arebac springers, T! Pn x na Grade A So 8. #0; Indiana Gi ede, asl g Grade A e,
clo. a, Ma
FOOD PRICES
$1 a Le Avples— inach- Vir.
CHICAGO, Nov. Michigan Jonathans, Mou . 30a. 0. 0 Caulifl Bower New ¥. carrots --— California Letines ; -= California
2.25 33 i 2 tatoes—Ten-
crates, 32 L50ed, (50-1b.
nessee, sacks) ows iat 3 diana Yellows, 60c; Idaho Sweet Spinih, $1.20.
NEW YORK, Nov. 20° (U. P).—| adam an irregular, quiet stock market to-{4l A
jdated Edison at 21% off %, and|{
North. American wae A
gains ranging to nearly a point. Mo- Am
however, |
tially below full capacity and if in|&en A%ae the months to come there ‘be no Ge dislocation of mine labor and rail transport, it will be entirely pos-{§°
duction amounted to about 9,500,000 |' the corresponding 1939. wok, =; in-|
NEW YORK, Nov. 20 (U. P).— |g; mission’s request for removal of the:
Macy William McChesney Martin, presi- |
been granted to 14 membe firms Nat
1 685,45 7 tii i :
| peceeases noe a year ACO Lame
IE ven Au Ac Se 2 Env fig Bl soon
Net Low ‘Last Change : xt + ¥
5 3 “ . My, = 50° ee 57% Wie 3% 19 477 7 15%
44Y, 165%
; bla 8 217 "
a3 . te
as CE Aviation. Corp.
alt & Ohlo.. Bangor & Ar.. eth Steel . law-Knox Boeing Air Borden Borg-Warner Briggs MI; Brklyn-M
a 18% 19% . 20%; : 23%
aiid
Campbell Wy .. 13% Celanese pr pt 119% Chry 76 ne Moly ‘Co 293% luett Peab ... 33 olum Gas .... 4% Com Credit ... 31 Com Solvents . 10% Com & So pf. 52% Cons: Copnms . 74% Cons Zdison we 22% Cons .O . Cont Cont Pog PL Cont Oil Del.. Corn Prod .... 91s Crown Zeller . 15%, Del & Hu 1312
Banh -3 RE ER
-
So @ wr
Tac & W Dist Sent Dow Chem
Pet [Ld LX
East Air Lines. Btu Elec Boat 143 Elec Pwr & L 4s El P >: I $7 tot 30% Erie 1% Bureka Wee 3 Exchange Buf .
a 08 “ 3 == {hd
weSan a FEFR
% — 43 43 31% 31% Ge 53%
First N Strs . Freept-Sulphur.
Grand Li xets. Gt Nor Gt W Sug’ bt.
Holly Sug .
nspiratn Cop ve intercon Rub ..
Int T&T For .. Johns-Man ....
Kelsey-Haves A
+E HL S35 oR
Sense
. - Ne
3 3% —N— t Bl + 17% Nat Ditiliers pe 5
ewport ns $8 / i
Minn-Moline ';. 1358 8 *
agse 7 %
Nat Slgcuis .
ewport I :S
NY Ship. No Amer
Oliver Farm Eq. 18 18
CHICAGO, Nov.
most discriminating gourmets. More than 2000 head of steers, many of them blue-bloods of their kingdom, begin the long parade before the judges tomorrow in the same arena where giant draft horses and spirited harness and riding horses and ponies will compete for high honors. In other arenas, judges will select the best of the world’s blue-ribbon sheep and swine
land the choicest samples. of grain
and hay. Manager B. H. Helde predicted that this would be the largest show, both in attendance and: in entries, since the ‘International was begun
ork | in 1900. -Bumper crops in most sec-
tions of the 'nation: and increased interest, in. leading state. fair, livestock shows have swelled the entry lists. Farm youth will ‘be the principal competitors the first day of the eight-day exposition. Agricultural college students will compete in contests to determine which team is most proficient at judging cattle and
We | ‘teen aged’ youngsters will display st | their fattened steers before critical
FER COATS
IRAN TES 02 4
INDIANA FUR CO. [|
29-31 East OHIO St
ROBES §| 9 |
Use Our Xmas Layaway
MILLER-WOHL CO. 45 E. Wash, RI-2230
Selection Stale
; |expert judges Who will select the
Junior Livestock Feeding Contest champion. Contestants in the Junior Division are members of the 4-H clubs, many of them ‘top winners in contests
3 Yadso Sales .
— %| Board of Trade today.
8| rye
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
| Fisterday tsesneastens kL wre. 180.14 Week Ago TRE teres 181.74 Month ARO .......
s| Year Ago
High, 1940, 152.80: Low, 111.B4, . High, 1989, 155.92; Lwo, 121.44, 20 RAILROADS . 2831 20.37 ° 29.33 31.85 22.14, 24.14.
Yesterday Week Ago ssessssentre Month ARO ....sisvvecseerer Year Ago High, 1940, High, 1039,
82.67; Low, 85.90; Low, 15 UTILITIES Yesterday ov... cesses 19.87 Week Ago sessessesves 3041 Month, AZO ..ecoveeceescass £28.29 cesses 23.08
High, 1940, 26.45; Low, 18.03. High, 1939, 27.10: Low, 20.71.
bose
Net Last Change 3 — Ya 9 —-— 4 22% % 383% % 3s
Packard ve Patino Mines .. Penn RR Phillips: Pet ... 3 tts Stl 5 p ub Serv
4 : Pure O 6 pf....
-. a
Reading t ot Republic St. Roan Antel .
Ruberoid Rustiess L & St
SHIEH Fos
Jos Lead ... Arms
N a [++] EEE
aaa a
LH
Tex Pac LT ... Tide W A Oil.. Timk-D AX .... Transamercia .
aE
1+4:
Union B & P... ific ..
BR
+++] 1: +E re
BEY. =
‘3% 38 2612 26% Sf 15 12 8% 8% 512 ls
Raalte
npt A. Waldo! a. Walworth ws DV2 Warner Bros ve s Woolworth’ .... 32% . 32% Worthing pt’. « 90 20 , Ye Yellow T pf ...1171% 117% Young Sheet + 39% 39%
UPTURN IN WHEAT
Wabi! 1a 8% 6% “3s 32% 90
117% 3%
NIPPED BY SELLING
CHICAGO, Nov. 20 (U, P)— Moderate wheat upturns were nipped by selling on resting orders and evening up by longs on the Corn took an easier turn-in early dealings. At the end of the first hour, wheat was % to % cent higher, Dec. 89%.
% | Corn was unchanged to off % ont,
oats unchanged to up % cent and 14 'to 3% cent higher. Soy beans lost early firmness and dropped 3%
among the 1,300,000 members in the
1] © Oldest Loan -
to 5 cent below yesterday’s close.
Blue-Blooded Livestock Strut In International Tomorrow
29 (U. P.).—The world’s finest beef cattle were groomed today for competition in the 41st annual International Livestock
Exposition which ‘will bring ribbons, producers and expensive steaks, chops and roasts to the tables of the
cash. awards and fancy prices to
United® States, Hawaii and Puerto Rico. They are attending- the 19th annual 4-H ‘Congress, held -concurrently with the Intérnational, = ~ The grand championship of -the Junior Steer Contest is perhaps the most coveted honor of that show. Two years ‘ago it 'was won by Irene
Brown, 15-year-old ‘Aledo; Til, school |.
girl who took her champion "Mercer through the open competition whieh follows the iJunjor contest and won both grand 'championships.
12, won the purple ribbon: in the Junior contest, but. failed’ to place
his lumbering Aberdeen-Angus, Fat|
Stuff, in, the open competition. However, another 4-H Club: member, Mayfield Kothmann of Mason, Tex., took the open. contest championship with his white-faced Lucky'Boy II. ‘Banked along the walls of the horseshoe-shaped balcony runway of the International amphitheater were fiel@t crops of gra in and hay; plump, yellow Indiana’ corn, glistening
Canadian wheat and oats, peas,|’
beans and samples of hay.
Many of the contestants this will be Canadians who brought
their
‘exhibits to Chicago because the|.
Dominion sshost calf have been
ce he start. of the ean W
ee
Diaionds, * Ailtos; Gamwras, - | Clothing, en
Last| | year, her neighbor; Robert Carroll, |
=i
Central industrial and Southern areas of the U, S. are showing the outstanding. gains in consumer ‘buying over a year ago, according to Dun & Bradstreet. The Indianapolis and a 98 pervetaps Sain ‘in September over the same month last year.
AN y STOCKS
8y UNITED PRES®
Sud Louisvil district showed
HANCOCK HEADS
FINANGE GROUP
Indianapolis Man Succesiis “Richard E.’ Meier of Evansville.
“The new president of the Indiana Association of Personal Finance Companies is Paul A. Hancock of Indianapolis, His election came yesterday at the closing session of the Association's 25th annual convention at the Claypool: Hotel. Mr. Hancock succeeds Richard E. Meier of Evansville. Mr. Hantock was previous association treasurer. Other officers named were William T. Brougham of Marion, vice president; Lawrence Umphrey of Indianapolis, treasurer, and Irvin Wes2 |ley of Indianapolis, re-elected Segre. *| tary. Robert C. Hamilton of tndianapolis was reappointed executive secretary. Elected to the board of directors weretLloyd }enders, Indianapolis; C. W. Bowman, Winchester; W. T. Christian, Chicago; Benjamin Blumberg, Terre Haute; A. V. Keeney, South Bend; T. J. Mulligan, Newark, N.' J.; W. B. Nichols, Clinton, and J. P. Stratton, Sullivan.
BRITISH, PORTUGAL SPAIN TALK TRADE
LONDON, Nov. 29 (U. P).— Great Britain has opened trade negotiations with both Spain and Portugal, it was revealed here today. Official quarters confirmed reports of tentative discussions’ between British and Spanish authori-
| ties regarding essential imports into
Spanish territory as well ‘as British purchase of Spanish products. These conversations were said to be still in the preliminary stage, but David Eccles, the British Government expert who has been conducting the negotiations in Madrid, is now en route to London to submit
Ya| his report.
At the same time, it was learned authoritatively that plans are nearing completion for creation of a Government-controlled Anglo-Por-tuguese corporation to deal ir PorDuguese colonial products imported by Portugal and to handle their distribution there. pe
BUSINESS AT A lance
By UNITED PRESS
"Consumers Power Co, 12 months ended Oct. 31 net incopte $10,953,591 vs. $9,425,266 previous 12 months. - Reo Motors, Inc. Sept. quarter net loss: $240,140. No comparison ' is available, 7 DIVIDENDS Bell Telephone Co. of Canada regular quarterly $2 payeble Jon, 15 record Dec. 23. W. T. Grant Co. regular quarterly 35 cents on common payable Jan. ‘1 record Dec, 12. Illinois Bell Telephone Co. $2.50 on common payable Dec. 14 record Dec. 3 vs. like payment year ago. Indianapolis Power & Light Co. regular quarterly 40 cenis on common payable Jan. 15 record Jan. 4.
FOREIGN EXCHANGE
NEW YORK, Nov. 20 (U. P,).—Following are noon cable rates on major currencies: Cable Net
_ Bourbon —order
pansion of steel production facilities: for the defense program. bE Unless the issue is settled soon, | informed © officials said, President, Roosevelt may be asked to decide it.}’ The dispute is between a group of Government economists and a few industrial experts from . the
‘|steel industry who are serving as
dollar-a-year men. Edward R. Stettinius, raw materials member | of the Defense Commission and former president of the U. S. Steel Corp, was said {o be remaining outside the controversy, The economists attached to the Commission insist that immediate expansion of steel facilities must be undertaken if the defense program is to progress without sharp curtailment of. civilian steel consumption for such products as auto mobiles.
Back Orders Pile Up The industrialists contend that
‘lexisting facilities ave adequate for
handling all requirements—both defense and private—now foreseen. The steel industry is now working at approximately 97 per cent of capacity and is engaged principally on private orders. But there is a heavy accumulation of back orders and proponents of expansion claim that new plants for increasing production 20 per cent must be started at once to meet the full impact of the defense program Which is expected to strike about The economists assert that Great Britain is in a difficult position as a result of failing to expand its steel producing facilities a year) ] or two years ago: They point out
per cent of American steel ingot production. :
Predicts Rationing.
to enlarge facilities might be dis-
or sub-normal, They - bes
and only normal, production is needed.
A.|lieve that production could be in<
creased to 105 per cent of capacity But they doubt that. production
per cent. One of the economists: told the United Press that it would be necessary to begin rationing -steel within six months. { that within a fortnight the Priorities ‘Committee would appoint a priorities body to determine what private orders should be -delayed to give Government - requirements right of way. He maintained that even a 20 per cent production increase would not be sufficient if. the British have to increase their steel orders here.
FREIGHT parol OVER EXPECTATIONS
WASHINGTON, Nov. 28 (U. PJ). —Revenue freight loadings on the nation’s railroads’ in the holidayweek ended Nov. 23 totaled. 733,488 cars, a considerably less than seasonal decline of 11,807 cars from the previous week, the eed to | of American Religads disclosed to-
day. The decline on the previous week's total of 745,295 cars was much smaller than ‘had been ex-
the total at around 700,000 cars. loadings amounted to 673,113 cars,
was 561,658 cars. Loadings for the year ‘through
compared with 30,664,441 in the corresponding 1939 period, and 27 0, “ 924 in 1938.
———————
INDEX OF CAPITAL. * GOODS DECLINE}
NEW YORK, Capital goods activity in the holiday week ended Nov. 23 declined to 121 per. cent of the 1925-27 average|fr from the ll-year peak set in the previous week at 122.7 per cént, and compared with 99.1 per cent in the corresponding 1939 period, the index compiled by the Iron Age disclosed 07
Shee today,
The first streamlined speed loco- |: motive was built in 1889, and could
-+-laftain a i of 110 miles an hour,
Erich your enjoyment of fine
thrifty, 4-yeas- od
that Britain is taking nearly 20} 9
00 Opponents of expansion say -that Me
astrous when the emergency is over|com
and held there for several months.|¢
could. be: maintained even at 100] 7
He predicted |
pected. Private estimates had placed fore. In the corresponding 1939 -period |’ while in the 1938 week the total Bo.
Nov. 23 aggregated 32,907177 cars,|Ia Ti
Nov. 28 (U. P).—| ss.
‘hours. Consumers in the ' ritory paid 2,15 cents per lowiet: hour, compared to. the ik average of 3.5 cents, - i
PRICES ON HOGS REBOUND HERE
20-Cent re Made in All Weights, Pushing / Top to $6.15.
Hog prices rebounded 20 cents at]; Indianapolis today, the Agricultural Marketing Service reported, re-
couping a portion of yesterday's 35cent losses. An extreme top was $6.15 for good and choice 220 to 230-pound hogs but a few sellers held out for a higher top. Vealers were 50 cents lower with a top at $11.50,
| Top Bepisiow, Top Repts.
esis § 6.30 5.300127 .... 3 6.30 12,000 25 .... 6.20 18,00028 ..... 595 19,000 26 . 6.15 16,000[29 9,631
Barrows and Gilts | Packing Sows 40 300
3475-530 S130% 5.65 . 5.90| 300- 350,, 5.65- 5 . > ae 5 8.0 4A 350., 6.60- 5.80 Good-—
360- 400. 8.38 8.75 00-450. , 43 - 5. 50- 508+ 40- 5. . 5.85- 6.00|Mediu DARE a hier Pi - . - au r Pigs Medium— 120. 4, 25- 4.85 160- 200.. 5.50- 5.80|
Slaughter “Calile & Yealers (Receipts, 687)
Bulls 900 $12. 30- Is 78 vearinas excluded) 1 2. 25|Good ..$ 6
00 300. 13. 00- it 50/Sausage.. 6. %0- 1 1500. 13.00-14.5 50/Medium. 8.50- 6.30
Cutter and . 10.25- i 501° common A 75- 5.50 . 18. 25-12 Vealer 00. 10.50-13 00 Good and . 10: 50-13.00| choice.
7.75-10.2 2m 7.75-10.50|cy
750-1100 6.25- 7.75] Steers, Heifers
eers ‘Chol ono (Regeipts, 530) 300. 750. 1125-12757 800. . 938-10.00 hot ifers IB 00- 800.. 8.25. 9.25 750- 850. 11.25-12. $0] 300-1080: 8.25- 9.25 9.75-11.25]| 300-1000 ‘ & 25- 8.25
— \ 6.00- 7.25 7.50 9. | Calves {sites 500~ 900
and chol 6.00- 7.50] 300 down 9. Pein 00 vs 50- 7.50| 500- 1500. . 8. 00- 9. 25
Nov, 3
10.00-11.50 oo nd 1160: i300. 880-240
Alves (heifers) 308, down %.00- 8.256 500. “down 7.80- 8.75 _sHREP AND. LAMBS (Receipts, 3189) Good and Medium an Common Yearling Wethers
Good nd choice Medi!
Canner. . 4.00- 4
Ewes (wooled)
Good snd choice Comindn and medium ..o.000 od
3.50- 4.25 50- 3.50
CHICAGO LIVESTOCK
— Shun 13,000; fairly active ris on CB and gilts; 'm most tly spots - around 5 low op, bulk good and ensice ® 0- 310-1h, utchers, 3 8.19; LA Ean disuts, te lov: C. SOWsS all - os Li! ull zo a 330% Wide kin ds. Shs. om Rice bins cat thie ih receipts inclu approximately 1000 head stocker and er steers entered in international show; s inkling steérs grading me very draggy; about like Thursday's ose: | run fat cattle increased b i ch loads jaternaiional S| fre
hd
xh hefter livel market Shiv eo Cy strong at wee sharp advance: and common be at sows, $5.25 2, Cutten ulls ‘about steady at $7.85 down “peak vea urs or to 2i hy 11.50; Rost 81 7 ‘active; de-
fie Thy radar fat |- ferns, $0.30 top, & 65; rados, $9.25: ‘shorn and medium pelt lambs, $8.35
@8.60; today's trade active early ‘mostly ; ed Western
mibs, $8.40; $8.25; 3 loads good to d- yearlings, | * $8.40;. odd lots Waive ila EA eves; 4.50,
OTHER Ese
Cincinn jorge Recents, Righer "acive. 1 Ibe.
Hy bie weights ho
he sows, stead Son se: $250 140-160 i $5 a2 ie 1 [email protected]; -most good packing Cat le—Receipts, an Sahn; 250; met! steady to strong on s and represented. Sizeable all x “sieers and ers Le grade, $8@9;
stea at $11@12. dy i ai ts. 1300; soya to strong; few lots cho ice tru in native lambs, Svat
WA 1h
fs 3 Wd
%as bn 85. Tos, 0 2% Fal io Xi i, 1 4.75; 100-120 1bs., $4.50." Ro $5; st 0 Mam 850 0; lambs,
4.65- 4.85 |
6. 00- 6. 50| 500 down 8.25-10.00|
i
mos 50@17: good and "choles; vealers
wal
ican machihe-tool ‘orders are yet to be placed: by: England; according: to word to: “the : :magchiné-tool industry
| [per but some of these. tools ap~
1y. are to be’ used im plants pas British will erect in this country and Canada, ©.“ [° Though the: plant : locations. have not been disclosed, the information is that the British are deciding’ to take more and more of their ree quirements from this country in the shape of munitions. The shift in policy is believed to have resulted from the recent bombings of manufacturing centers * in England.” Discoimt Losses
Losses in manufacturing plants at Coventry, however, were not so seri« ous as might have been supposed - from the destruction in the husi« ness and residential districts, ac«
turers: in this country have been
cording to one source, about 1500 British, tools re damaged by | bombing but only about a third were beyond repair. At least that many were already back in’ service,
have far exceeded all the losses, un~ | less these losses have risen’ in the last two weeks. Machinery and factory buildings | can stand more bombing than | commercial buildings or dwellings. It is practically necessary to drop
tirely out of action. Planned Year Ago The British decision to build
up where a similar movement left
"bombings were continually expected but not experienced bers, Canadians were looking for the
plants to.the dominion, along with their skilled workers. The moving of the existing Sui pent of Buus factoriey® seems not in present plans, 308 10 0
DAVIS, RAIL. CHIEF 15 YEARS, RESIGNS |
NEW ‘YORK, Nov. 29. (U. Pp). — John M.: “Davis, president. of the Delaware, Lackawanna & Western Railroad Co. for more than-15 years, today submitted his resignation as
dan) TY 71941, Py .-Davis will assume the newlys i post ‘of chairman of the board of managers.
White, present vice president and general manager of the Virginian }
president. with ithe
S.1b: Railway.
The 69-year-old retiring * his:
railroad career om: San ‘Antonio & Arkansas iow hah Hid
at oi hagea pe D. L&W,
WAGON WHEAT
India 1 oa aapons s si dic sinfech are DA change; oh SE i | fe’ n: Few No. 8 "ew Vell ao oh -| No. 2 white” bans, Nie oh
ITH THIER ol
FIRE— CASUALTY AUTOMOBILE INLAND MARINE
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cording to such word as manufac«
able to get from their British cor=~ respondents. There is some belief | -| that the factories got off lightly. 3 In the first 13 months of war, ac-
American shipments of new tools |
the roof on a factory to put it en« |, BE
off a year ago. At that time, when Tn in large num= td shipment of whole manufacturing /
since July 1, 1925. ys |
more plants on this continent takes
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thie executive of the road, effective .
He will be sucs | = ceeded in the presidency by Willian.
olled corn, “58 nl |
2
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