Indianapolis Times, Indianapolis, Marion County, 11 December 1940 — Page 12

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BUSINESS

Indiana Tenant Farmers JAre Repaying

Governmen By ROGE R

INDIANA'S TENAN T FARMERS have a batting aver

t Loans Better BUDROW .

age much better than the national one when it comes to pay

ing back the Government the buy farms.

The Farm Security Administration reports that, for the]

money they are borrowing to |:

country over, tenant purchase borrowers have repaid 97.4

per cent of their loans. The average cent, according to FSA officials here.

There are 149 tenant farmers in this state who are buying farms with Government help. They have 40 years fo pay back the money and are charged 3 per cent interest - on it. They have borrowed $1,233,425 "so far. Thus far they have paid back $31,592 but only $27,908 was due. This means that a few farmers are. ahead of Roger Budrow their payments. This is- permissible under an FSA plan whereby the tenant buyers can pay back more than they need to when they have a good year and pay back less during a had year. Of the total, per cent of the money is delinquent. There have been no foreclosures but one tenant farmer has quit the deal. That is because the farm he was buying was needed for the smokeless powder plant at Charlestown. So the land he was buying through the Government (FSA) was sold to the Government (War Department) and he pocketed | a profit somewhere between 50 and 60 per cent!

# s »

BECAUSE DEFENSE factories are located far inland, taking with them highly-paid executives and technicians, . the” securities investment business in these areas will pick up, William McChesney Martin Jr., N. Y. Stock Exchange presicent, helieves. su = { PRODUCTION of toulene, vifal in manufacturing TNT, began yesterday at America’s first petroleumtoulene refinery at Houston, Tex. Formerly derived from coal, toulene now will be produced at Shell Oil Co's plant from petroleum, The plant operied 30 days ahead of schedule and is expected to help eliminate the . serious bottle-neck caused during the World War by limited facilities for recovery of toulene from coal tar. : ” ” 2 ! ODDS AND ENDS: Trading in grain futures on the Chicago Board of Trade picked up 21 per cent in November, Commodity Exchange Administration reports. . . . Perfect Circle Co. at Hagerstown, Ind. declargd the regular quarterly dividend of 50 cents a share, payable Jan. 2 as of record Dec. 16. . . Food prices have gone up more (in small towns than in large cities, according to erican Institute of Food Distri#fution. . . . The Army will buy food at ‘three main offices, San Francisco, New York and Chicago, according to a new plan. To conserve tin, most canned food will be bought in large No. 10 sizes. .| More steel has been turned out this year so far than during all of last year. . . Service stations are still increasing, but slower than several years ago, American Petroleum ipSiifuie reports. |

Incorporations

Rush County Realty Co., Rushville; pre-

Hminary dissolution. Barth & Levy, Inc. Wayne; amendment increasin Ny $A to 500 shares of $100 ar ye ue. . & Co., Minnesota corporation; di to Indiana to retail pianos and other music instruments. The Federal Rubber’ Co., Illinois corppraon; withdrawal from iana. Tire Co., Inc., New York corporation: withdrawai from Indiana. | Balkamp, Inc., Indianapolis; amendment changing number of directors to five. McCrory Stores Corp., Delaware corporajon: amendment of articles of incorpora-

"Kokomo Post Office Credit Union, Kokomo; amendment increasiag capital stock] to

ue. . Lizton reorganized _un the . provisions of he Financial Institutions ASLO ulman Foundation, fc Wabash Ave. and 9th _ St. Haute: no capital stock: Sducaliongy, ®literary. sortie) eligious and charitable purposes; Joseph [R. Cloutier, Anto Hulman Jr. Raiph Horton. Selig Metals Corp., Indianapolis; : dissolution, uehauf Trailer Co., Michigan corporaNT change of agen 0 828 E. Washington St., India apolis.

Bandy Brothers Coal Irec., BON hgs stern Aves 8 Sasol: 436 8. Keystone A is; “io ye of S100 retail and wholesale coal

bo Indiana is 99.1 per

STATE DEFENSE

$2,541,254 Spent by Army, Navy in Indiana From Nov. 16 to 30.

Army and Navy contracts and spending in Indiana for national defense between Nov. 16 and 30

inson, acting state director for the

nounced today. 579,231, Mr. Hutchinson said.

to U. S. Rubber Co. at Mishawaka for raincoats, totaling $1,027,000.

Co. of Indianapolis. One was for control assemblies; $342,650, and the other for shackle releases, $329,869.

Bendix Aviation Corp. at South Bend was awarded a contract for wheel and brake assemblies costing $260,100. Other contracts included American Leather Products Corp. Indianapolis, canvas dispatch cases, $38,925; South Bend Toy Manufacturing Co., South Bend, tent poles, $39,000; Evansville Mattress & Couch Co., cotton mattresses, $19,600; Anderson Mattress Co., Anderson, cotton mattresses, $19,800; Cave alier Garment Corp., Evansville, serge trousers, $17,700; Jay Garment Co., Portland, suits, $113,400; Albert

cago, serge trousers, $20,679. Others included M. Fine & Sons Manufacturing Co. Jeffersonville, light serge trousers, $20,948; Elin Manufacturing Corp., Rochester, denim working suits, $9055; Magnavox Co., Inc, Ft. Wayne, loud-

Jr.,- Jeffersonville, fire pots, $8750; Delta Electric Co., Marion, electric lanterns, $8685; Studebaker Corp. South Bend, tools, $25,000; James Gorsuch - Jr, Jeffersonville, grates for tent stoves, $73,500.

SEVEN DIRECTORS ELECTED BY G. OF C.

, Seven directors. of the Indianapolis Chamber of Commerce were elected yesterday to serve three-year terms beginning Jan. 1. James S. Watson, Link-Belt Co. vice president, was the only new difector elected. Those re-elected are C. D. Alexander, former Chamber president and general manager of ‘Bemis Bros. Bag Co.; George A. Kuhn of Klein & Kuhn and Paul L. MeCord of Paul McCord Cd., both Chamber vice presidents; H. T. Pritchard, Indianapolis Power & Light Co. president; Ralph S. Norwood, L. Strauss & Co., president, and Arthur V. Brown, president of the Indiana National Bank and the Union Trust Co.

INDIANA BREWERS

All officers of the Indiana Brewers Association were re-elected at the

Indianapolis Athletic Club. Adolph B. Schmidt, president of the FP. W. Cook Co., Evansville, is association president; Reuss, president of Centlivre Brewing Corp., Ft. Wayne, vice president; Oscar Baur, president ‘of Terre Haute Brewing Co., Inc, Terre

R. |Haute, secretary; John T. Voedisch, 1602 president of South Bend Brewing ,|Ca., In- pred Shoaff Jr. vice president of !|Berghoff Brewing Corp., Ft. Wayne,

South Bend, treasurer, and

Jess: Albert S. Bandy, Katherine Bandy, Alva D. ndy.

director.

[No Pacific ....

WASTE PAPER

AMERICAN PAPER

STOCK COMPANY RI-6341 320 W. Mich,

HE IRL Largest Selection in the State

IR:

29-31 East OHIO |St. |

FRACTURE BEDS Can be rented at the new HAAG'S ALL-NIGHT DRUG STORE 22nd and Meridian

AWARDS LISTED

amounted to $2,541,254, Louis Hutch | Aff, Reduce Office of Government Reports, ans Am Kirt

Defense contracts awarded to In- 4 diana since July 1 now total $163,7|4% Crys "Sie.

Largest contract awarded in the|4 last two weeks of November went a

Other large Indiana contracts: in-|A cluded two with P. R. Mallory &|a

Given Manufacturing Co., East -ChiC

speakers, $21,120; James A. Gorsuch Gon

RE-ELECT OFFICERS -

annual meeting yesterday at the [Loew's

Macy RH bm I

OUTFITTERS ‘fO MEN. WOMEN and CHILDREN

THE MODERN CREDIT STORE

129 W. Wash, Indians Theater

Is Opposite Us

Exacting . . . WATCH REPAIRING AT LOWEST PRICES

STANLEY JEWELRY CO.

113 W. Wash. Lincoln Hotel Bldg.

Fall Fashions $2 & $3.85 LEVINSON

Your Hatter

Net Last Change

SE 1 + 1s

High ow

6Ya 2 3 3%

7 33% Bh

SSO

chiso Atl ning.) Aviation Corp. .

alt & Ohio. & O

4 4%

3eth Steel .. 8Ys 3eth Stl 7 pL. 130, Blaw-KnoxX .. Bond Stores | . LC ais Va

Bri zs Mfg .... 25% Burlington M.. 151 Burrouchs 7% Butler Bros ...

Callahan Zing . Canada Dry .. Can Pacific 4.. Celanese felanese x pie: .

45 ee

Com Solvents Ya

Comwlti & So.. Comwlth & S pf 56 Comwith Edison 28% Cons Coppernms Ta Cons Edison 1% Cons Laundries. 2% Cons Oil Con RE Cuba pf

8% wD Jee 2034

Curbiss Wr wa 8% 20%, 16% 162 162Y2 1622 ome veelee 33% L.. 35

Deere & Co Dome Mines ... Du Pont

Eaton Mfg 23% 35

E! Eng Pub S ... Eureka Vac ...

Fair Morse .... 4 Fed Dep vee Fid P Bd ra Wheel oe

Gen Am Tr.... 54%

49% U.. 5-16

Ge Gillette Gille fis 5 $5 pf’ Goodye: Granb oe Sse pGreen H 32 Guif Mebile & 0 2%

Hecker Prod... Holland Furn,. Houston Oil... Howe Sound...

Int Harvesters t Hvd El A.,

n Int M Marine. . int fe kel", 1. Int & P

n of. . Int b & T....

Kayser Jul .. 1% 1 Kelsey- . nne

ayes B 8% t 35% 25

35% . 25 » 26 26 wt 21% 6% 28% 17 30% 30% 20% 59.

oe Boa

he =

u & Nash... 3

—M— 26%

nd Stl ... 44% ; 44% land Stl i 122%, 122 nn Moline pf 61 61 ssion Corp .. 11% 11% 0-K Tex pf.. 1% 1% 80 80% 3iVs

onsanto 7%

—N— Auto Bipres 2 Auto Fib pf

furray ..

cesne

m No Am Avn .... 16% 6%

om otis E or 157% SU bil Glass. ‘45 a 27% 71 . 1315 1112314

cG & El ... Pac ific Lt Pacis M Mil 1s

27% 37% 13; 13%; 12314 12313 |

? Bu +n

including the record year of 1929.

with general confidence that the present boom will continue. The total dollar value of purchases, according to reports, will no be as high as the figure set in 1929. ments in price levels, the actual volume of merchandise will be considerably greater.

Economists found the higher factory payrolls®and income payments reflected in Christmas savings funds clubs. Tke amount of cash being distributed under these plans is greater than the figure for the previous year and retail stores have already felt the effect.

Begin Convenient Payments Next Year I . NIGHT i WILLIAMS Has a Paint tor Every Mak LOANS | Make ON ANYTHING

DRESS-UF ' xcept vides UNIll uae L LEON 7omne sg 2 Aw Purpose, LESS Because it Lasts Longer, &

NO MONEY DOWN SHERWIN VONNEGUT’'S INDIANA AVE.

MARILYN FURS | A Better Fur Coat For Less Money!

Check Itching First Application

Agorizing itching of ugly eczema, Rash, letter,” Ringworm, Pimples, Scabies, Toe Itch is checked in ONB APPLICATION of BLUE STAR OINTMENT. Repeat as aeeded as nature helps heal. Money back if

2440 N. Meridian St.

YeIREE Jur tals @ matty, Try it-today,

+ | Month Ago ..

"1,1 Reyn Tob

s | Sunshine Min .

However, because of adjust~

DOW-JONES STOCK AVERAGES

‘30 INDUSTRIALS Yesterday Week Ago . Month Ago ... Year Ago .. Cn. 148.94 High, 1940, 152.80; Tow, 111.84. High, 1939, 155.92; low, 121.44. 20 RAILROADS

esse ssssnven

21.67 27.18 50.12 82.00

Yestegday . cessane Week AO ...ccoceesosssnses Month AO .ccocccessssoeses Year Ago ....c.cce.. sieivsisiele High, 1940, 32.67; low, 22.14. High, 1939, 35.90; low, 24.14, 15 UTILITIES Yesterday . San Week Ago

20.09 20.27 21.66 24.86

Year Ago High, 1940, 26.45; low, 18.03. High, 1939, 27.10; low, 20.71.

ssssescsssnas sess

Net Low Last Change 15% ii 13%

22% 123g 56% us", 110 26%

High Am Alrwals s 157 Para Pic 2 pi.. 10 Parke Davis ... 3 Penn

RBAIO vi. 1204s B 4% Radio-K-Or ... 2% © 2%, Republic Stl ... 22%2 22% B © 32% 32%

St L-S Fran pf. Ya »

: Schulte R a?

Scot Pap Scot Pap 4pf..109%: Sears. Roebuck , 76% Servel Inc .... 10% Sharon Stl pf. 68% kK . 5%

Tenn Corp 1% Texas Lor ... 38% ’ rod. 3% Sul .... 36Y

20th Centra i: Hi le Union cab . Nh

n Oil Cal 1212 n Pacific . 71%

Steel pf.. "128V3 S Top 20 Univ Leaf 5612 Univ Pict 1 Toi.130 ‘ Wee

Jalworth ..... . 5% 34

A Narner Bros .. Neb W V A A A

YELL 4 4

yes /es

esti es /hite Mot /hite Sew He /illvs Overland Vilson & Co.. on fis 63a /oolworth .... 32% orthington .. 22 —Y

Yellow Tr 15%. 15% Young S & W.. 10% 103% Young Sheet... 41 41

PRICES COR WHEAT "MIXED AT CHICAGO

CHICAGO, Dec. 11 (U, P.)— Wheat prices on the Board of Trade

H+ HE:

J ruled irregular after showing frach tional gains at the opening. 8 grains were also unsettled.

Other

At the end of the first hour, wheat was up % to off 3% cent, De-

‘cember 90 cents. Corn was unchanged to off %; oats unchanged |{ to up 3%; rye off ¥% to % and soy|H

beans 3 to 1% cents up. Opening firmness was a reflection

3 % of the action of stocks, but later de-

ferred positions dipped a fraction under the previous close when is-

At a cost of $1,500,000 Indianapolis Power & Light Oo. will add a new boiler to its Harding St. power plant. The addition will be built at the side of the plani shown above. It will be as tall as the main building on the left and will extend as far to the right as the structure on the extreme right,

N. Y. STOCKS

B8y UNITED PRESS

STOCKS RECEDE AFTER UPTURN

Steel Issues Lose Nearly All of Their Gains On Big Board.

Stocks receded in afternoon trading today following an upturn led by

1 | steels.

Steel issues lost nearly all of gains that ranged to more than a point. Other leading groups balanced off small gains and losses. Union Pa-

cific, a weak spot in rails, lost nearly

2 points. Attention was directed to special issues. Consolidated Aircraft ran up| 2 points to 2612 when directors de-

2 lclared a $2 dividend, the first since

$1 was paid in 1938. American Airlines rose more than a point on dec-

|laration of a $1 initial dividend.

Lima Locéomotive made a new high for the year at 30% up‘ 13%. Amusements were strong, with Loew’s up nearly a point, Universal Pictures first preferred up 4 points and new highs in Paramount and

4|Columbia Pictures. Phillips Petrole-

um was up a point. Carnegie-Illinois Steel Corp. re-

4 |lafirmed its prices on tin plate for

the first quarter of 1934. Iron Age noted that steel units are expected to hold at record breaking levels through the first quarter. Car load-

1 ings were estimated to have gained

less than seasonally. Electricity output made a record high.

BUSINESS AT A GLANCE

By UNITED PRESS . Alaska Juneau Gold Mining Co. 11 months ended Nov. 30 estimated profit $1,109,100 vs. $1,231,400 year ago. Chicago, Rock Island & Pacific Railway Co. 10 months ended Oct. 31 net loss $5,309,063 vs. $7,218,904 year ago. Public Service Co. of Indiana 12 months ended Oct. 31 net income $1,801,689 vs. $1,405,988 previous 12 months, "Pullman Co. 10 months ended Oct.

Ya 2 31 net profit after taxes $2,100,545

vs. $2,253,656 year ago.

SALES EXECUTIVES TO HOLD YULE PARTY

Homer Chaillaux, Americanism director of the American Legion, will be speaker at the Indianapolis

sa |Sales Executives Council third an-

nual Christmas Party Friday night s fat the Indianapolis Athletic Club.

Members’ wives and guests haves béen invited. Robert G. Spears is|® president of the Council; William H. Meub, vice president and H. H. Ferguson, seeretary-treasurer.

LOCAL ISSUES

The iollowie Josue by the Indianapolis Bond do not represent actual i of offerings, but merely indicate the approximate market leve ased on buying and selling quotations of recent transactions. Stocks . Bla Ask Agent Finance Corp com. Belt ER & Stk Yds com Belt RR. & Stk Yds pid 55. Qentral Ind Pow hi)

nd Hyde Ele 6% pid. 0 ec. dp pla’ PEL com b pie

suance of private crop reports in-|L goin

dicated a favorable winter wheat

outlook. The current month showed | : relative firmness.

WAGON WHEAT Indianapolis grain elevators are payin for No. 1 wheat, 84c; subject to marke Thanae, other RTRs on their merits. Cash corn: New No ‘yellow shelled corn. 52c; new No. white shelled corn, 55¢; No. 2 Noite oats, 32c.

Record- Breaking Christmas Buying Is Predicted by U. S.

M WASHINGTON, Dec. 11 (U. P.).—Commerce Department officials res today that Christmas buying would exceed all previous years, N

Factory payrolls, they pointed out, are at their highest point since 1929 and income payments are rising to a point where they are expected to réach $74,000,000,000 for the year. This picture, it was said, fits in

Department store sales, according to reports, are above any level since 1930 and are still increasing. Retail sales are feeling the Christmas spirit which is expected to drive them to a point where for ‘all of 1940 they exceed the previous yeas mark by 7 per cent. Rural areas, ecoremists. said, are buying more for this year’s Christmas and sales of general merchandise are well above records set in recent years. ‘This was attributed to the general improvement in farm conditions. An estimated 2,300,000 workers have obtained employment in nonagricultural industries since February and at least 935,000 of these went to work in September and October alone. Expectations of good Christmas business, it was said, should send employment above the

usual seasonal gains:

Van Camp M » Van Camp Milk com.

Bonds American ‘Loan 5s 51..

s 4 Tel 4Y,3 61 “REYolds Taylor 5s 42.. 97 Wayne 5%s8

104% 107% oer DD 107 00

Pub Tel 8 Richmond Water Fis 5s 57.. Trac Term Coro 5s 57

U. S. STATEMENT

WASHINGTON, Dec. 11 (U. P.).—Government expenses and receipts for the current fiscal year Lin Dec. . compared with a year ago:

This . $4,288, 848. ais. 17 $4,115. HE ,140,1 15 2, 1,91 108.03

104% 1054 ete

Expens a of . Gross Der. et Def 62 Work Bal. . 889 9.075. §1% 16 Pub Debt. .44, 28s. '812,531.16 41.8 Gold Res,..21,834,882.589.64 17,421, 313 308. 61 Customs 3% 434, ‘052.71 '158,369,914.60

INDIANAPOLIS CLEARING HOUSE Queatings cisavvivetssiissrenevanne 95.343 000 Debits

sevedsesssssianescnns

108s.

Oldest Loan Brokers Jn

NEW YORK, Dec. 11: (U. P).—|.

‘lhard job and its accomplishment

The dinner will be at 6:30 p. m.|g5%.

1/$12.50; stock

JCanada ( Jolla r)

68.75 “Florida C85

. 8,887,000 lish, $1.30; Idaho Sweet Spanish, $1.22%.

The CHIGACO

die i148 £. WASHINGTON ST.

U.S. BULWARKS RUBBER SUPPLY BY TWO MOVES

Try Continental Production ‘And Building Up of Reserves.

WASHINGTON, Dec. 11 (U. P.)— One of the most important keys to national defense is rubber. The United States comsumes more than half the world total, but produces virtually none. ’ :

The Agricultural Department and the National Defense Commission are co-operating on a two-fold program to assure the nation an adequate rubber supply in the event of an emergency. . 1. The Defense Commisison, through the Rubber Reserve Company, organized by the Reconstruction Finance Corp., is building as large store of reserve supplies as possible. : 2. The Agriculture Department, through a $500,000 appropriation by Congress, is seeking to start rubber plantations on this hemisphere.

Transport Route Long :

The route over which the major part of the United States’ rubber supply is obtained is a long line— and a highly vulnerable one—that stretches 10,000 miles to the Dutch

East Indies and British Malaya. The United States, even in peace time, requires mote than a bililon pounds of rubber annually. Reserve stocks now in this country are sufficient to last only six months. There is no huge supply available to augment that reserve immediately.

The Government is making every effort to obtain all available of that strategic material. It traded cotton to Great Britain for 87,000 tons. The Rubber Reserve Co. has contracted for delivery of an additional 330,000 tons during the next 12 months,

These measures, it is admitted, offer no permanent solution of the United States rubber problem. To bring that about the main reliance is placed upon the cultivation of rubber in tropical America and upon syntheti¢ rubber production in the United States.

Synthetics Can Be Made

Synthetic rubber provides a possible source of supply to be considered in an extremity, such as a blockade. = Rubber-like materials have been derived from a great variety of materials, such as natural gas, oil, coal, sugar, potatoes and grain. But the cost is high,

It would take months and perhaps years to increase synthetic rubber production sufficiently to meet the demand. That product

tional consumption.

tropical America, where it grew wild. The plant ‘was taken to the Indies and British Malaya and cultivated on plantations. Because of plant diseases, South and Cen-

in commercial production.

sent a staff of trained experts to Latin America in an effort to revive production on a scale capable of meeting the demand of this continent. These scientists first must conquer the diseases which destroyed the ‘wild plants. It is a

still is years in the future. Meanwhile, the Government is building a reserve supply and hop-

in an emergency.

CHICAGO LIVESTOCK

Ho s-Recelpts,, Shoo; tive; BS trong Jt higher; later trade less En 33 of advance lost; top, oy A spa rs Bulk Kes oki ib, Yn n ‘soa, iy = 50 ows, own; anera heavier kinds, $5.15@ @5.25

Su high ne _ Receipt s, 10,000; Sy " 800; good ‘and choice fed steers and yearlings, weak to 25 cents; mostly 10 to 15 cents lower; common and medium grades scarce, wea ak; fed heite ers’ mostly steady; cows fully steady: bulls and vealers unchanged; both classes scarce; killing quality fe steer run eaturanly hinproved over Monday and Tuesd ulk of value to sell |G at $10 pward; Bit] little done early; few ay $12.50@14 paid for strictly choice weighty steers; best ¢ Jearlings, $14; heifer yearlings, $11.65 wi lots to cattle demand fang Droad:; supply small; user COW. ganhers [email protected]: weighty sa sausage oouits to $7.35; = 30 rome Sheep—Receipts, 6000; - late EY fat lambs ‘and, ysartify g 1eady to weak; top, $9.35; good fed Westerns aud |g: natives to al ackers. “maaly $9.35 loa ights choice od 5@8 $.45:° is “rade fat y rod early sales steady bids steady to to choice around 85 s sold $9

We m 25; som slightly higher;

Yearlings steady: to choice ayound 85-1b. fed

gs, $8.50; few heavier weights, $8. eee

LOCAL PRODUCE

ed hens 13c; bareback hens, Hoa¥ paren back Leghorn

ers, n springers, back springers, 9c; old roosters : 6 Turkeys—Young toms, No. 3¢; No. 10c; young he hens, No. 1, 17c; No. 2, 1l4c; oid toms, No. 1. 10c; No. Ducks—Full feathered and fat. white, 5 lbs. and over, 7c: white, under §-Ibe, 36; colored. 5. Ibs. and over, 8c: under: 5

y 1G,

Geese—Full feathered and fat, 3 Indiana Jrade A, A large. eggs, 27c; In-

diana Grade medium eRES. 24c; small face # A and No. 2 OPRS, 5c; no grade,

38@38%c: No: 2, 36@ PR ral No. 4c 2. 33c. (Country pickup DE auoted ‘by’ the Wadley Co.)

FOREIGN EXCHANGE|

NEW YORK, Dec. 11 (U. P. 2 ~TRollow. ing are noon cable rates on currencies e Rates Net Chg. England (pound)

lal 4 (lira Finland ark cee Switzerland (franc) .d Sweden (krona)'’ Japan (yen Mexico (peso)

FOOD PRICES

ICAGO, Dec. an an = Fo sal, a Cel matoes

uares, ba

Michi

bu., 6

ors

‘on Everything!

Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Etec. JEWELRY CO. Inc.

last year supplied only one-fourth | of one per cent of the total na- 3

The rubber plant originated in|2

tral America ceased to be a factor : 1

The Agriculture Department has|Good—

ing it will not get “caught short” |good—

ete fairly ac-| Good

\ ie

H. P. Tolley, Agricultural Economics Bureau Chief, is pictured as he offered the-House Migrant Committee a solutioh of the periodic mass migrations, one of the nation’s most vexing social problems. He suggested development of the Mississippi delta where, he said, about 1,000,000 acres of rich loam can be pbtained for $2.50 to $10 per acre,

PORKER PRICES DROP 10 CENTS

$6.15 Is Top P: Paid Here; 11,079 Hogs Received At Stockyards.

Hog prices opened 10 cents low at Indianapolis stockyards tod the Agricultural Marketing Service reported. The top price paid was $6.15 for mostly good and choice 220 to 230 pounders. Some held higher. Vealers were steady to weak and the top was $11.50. The Marketing Service estimated 1535 salable cattle were received, 494 calves, 11,079 hogs and 673 sheep.

; Teceipts Dec. Dec. 5 Dec.

ssseseisetsssestise

: jo

soenrssseesasr

Packing Sows go d to Chojce Em = Son. $ 5.5 5.50 5.45

5.40- 5.50 5.35- 5.45 5.15- 5.40

4.50- 5.35 Slaughter Pigs Medium — |Medium and Good— 160- 200. 5.50- 5.80! 90- 120. 4.25- 4.90

Slaughter Cattle & Vealers (Routinis, 1535)

Steers a Yoprlings I cluded) $e 25-13.75/ ect 0. 00-13.50{Gooa ...§ 6.75- 7.25 " 13 00-13.75| Sausage— od 6.50- 7.25 -5.50- 6.50

1300-1500. 13.00-13. I Goo um... 10.00-12.25| Cutter and 900-1100. 10. 54s. 0 common ‘4. 75. 6.50 1100-1300. 10.00- Vealers 1300-1500. 10.00- 3: 80i Good : and Medium choice.. 10.00-11.50 750- 1100. 7.50410.00| Common and 1100-1300. 7.75-10.00] s £2 9.50 4:50 6.00 Sto pd Cattle

Jommon-— jou 750-1100. 6.50+ 7.50 Ste ( Receipts, 5. 404)

Steers, Heifers $= 750 Piso: 750 11.25 12. 5 Choice 500- 800. 9.25-10.00 [email protected]

500- 150. 9.50+11.25 300.1050 8.25- 9.25

Heifers . . 8.25- 8.25

| 300-800. CoiC00. 11.00-12. 25 Medium. - e — 9.50-11.00/ Ct 000. 7.5- 8.35 pho yon 6.00 1. 25 7.50. 9.50|

Calves (steers) and choic: 6.00- 7.50] 500 down. 9. 00-11. 00 Medium— w 500 down. 8.00- 9.00 6.00- 7. 5 Calves (heifers) 8-50: 6.25 Good and Choice— Cutter and | 500 down 8.25- “To. 00 common 4.50 330i edium: Canner... 3.50- 4.50| 500 own 7.00- 8.25, SHEEP AND Hout (Receipfs, 673)

Barrows and Gilts|

Good lo Choice— 120- 140 $ 4.75- 5. a0) 3 40- 160. 5.10- 5.9

: .10|" 360- 400. 6.00- 6.15) 400- 450. 5.95- 6.05| 450- 500.

750- 900.

medium.

750- S00. Mediu 500- 700

Common-— 500- 900.

Good. and choice

M nd od edium a gO! 2:00- 8.00

7.50- 8.25 6.75- 7.50

> 35 4.00 0- 3.25

Yearling Wethers Cong at and choice Ewes {wooled) Good and choice Common and medfum sansasie

OTHER LIVESTOCK

CINCINNATI, Dec. 11 (U. P.) ~—Ho, Sm alable, 3500; total, 4175; holdovers 40; $6.20 for god. and Choice 200-250 lbs. 338: 300 Ibs... $6.10; 160-1 ., $6; 100-140 | | $4.25@5; bh us Dns, mostly 50 Go saline, 400; total, 475; calves, 250; bulk steers and heifers grading common and med lum, Ses. .50; nners, $5; load medium weights.” Les $36 60; another

load 1725-l1b. wei Sh sep—R i lambs around 75-80-1b. ales ge steady; choice trucked-in Hoatby native lamps, $9.50@ 10; common and medium i

"| trom $7@9; culls down to around $5.50.

AYNE, Pec

$4. 70; $4. aa

SATISFACTION GUARAN TEED

' {of oil to

NeW ol ROUTE

Illinois Product Piped fo Toledo May Push 40 Tonnage to Record.

By JOHN W.'LOVE d Times Special Writer TOLEDO, O., Dec. 11.—-When the 1940 account on the Great Lakes is finally closed it may show that the navigation season now ending moved the heaviest freights in history. The factor which may have

pushed this year’s tonnage figures

ahead of other remarkable years was the unprec- . edented movement of oil. From the new oil fields of Illinois;, through pipe line -and the port of “Toledo, moved a great quantity the tankers on Lake Erie and the St. Layence Sy S- N tem, Canadian refineries Jon W. Love and finally to the convoys on the 'North Atlantic and the gasoling tanks in England, This relatively new route for petroleum, rapidly built up in recent years, filled in along with oil from Venezuela and the Gulf ports to replace British sources of oil in Russia, Persia and Rumania. The young oil field of Alberta also con tributed to British supply, and some of its products moved by the lakes,‘

80 Vessels Used

About 7,000, 000 barrels of oil and © gasoline appear to have been care ried by the lakes tankers out of Toe ledo this year, or around 1,000,000 tons. This does not include a great | er tonnage from ports farther west. Around 80 vessels were engaged in the Great Lakes oil business at’one time, according to National Petroe leum News. The Canadians have ,| been running about 30 tankers and barges, some of them bringing Al= berta oil from Fort Williams. This Canadian traffic is likely to be ine creased with the growth of the Ture ner Valley field in Alberta, which now produces nearly 8,000,000 bare rels a year, using the estimate of The Financial Post of Toronto.

a pipe line the 1200 miles from Cal= | gary down to Lake Superior, bub that is a project ‘to take up after the war. Tankers Line Up

On the supply side of this heaviest oil movement in history was the great Illinois field. The absence of. prorationing there opened it up to * heavy drainage by pipe line, and the line into Toledo was enlarged to

&® carry 100,000 barrels.a day.

The Toledo dock was busy as neve er before, and tankers lined up ta take oil in continuous flow. Ree fineries at Sarnia and Toronto got |

Montreal. The Atlantic convoys bunkered it at Halifax and other ports, and recently the bombers which have been “flown across the Atlantic for delivery to the British © have been fueled with this gasoline,

SWEDISH INTERESTS SET UP VOTE TRUST,

~NEW YORK, Dec. 11 (U. P.).—= Swedish interests owning control of * the American Bosch Corp. have lodged those shares in a voting trust with George Murnane, board chaire

nane will have complete voting power over the shares. It was said the trust was estabe’ lished, “to confirm the American character of the policies and man=

agement of the corporation.”

DAILY PRICE IN DEX NEW YORK, Dec. 11 (U. P.) —~Dun ¥ & Bradstreet’s daily weighted price index of 30 basic commodities, com= piled for the United Press: (1930-32 average equals 100) .

Yesterday ,o.oeveecesioniinen 124.23 Week 880 .uvscessrocsseesces 124.21 Month ago Tes esse seas sees 122.47 Year 880 +...cevs-oassereess 121.99. 2 1940 high (Nov. 29) ........ 12432 1940 low (Aug. 19) ...cooeeee 11242

SHOP EQUIPMENT

“W. C. BRASS

AND ASSOCIALES 211 8. MERIDIAN ST.

RI-1507

Your Last oppurtunity This Year For A PERMANENT CHR For Anyone Handicapped By R—U—P—T—U—R—E

IMMEDIATE | RELIEF and rls COMPLETE CORRECTION in a few months, HOUT injection or surgery.

ISTMAS GIFT

BY WRITTEN AGREEMENT :

ALLOWING SIX MONTHS’ TRIAL.

SYKES SERVICE, Racine, Wis. will Have Their Representative,

Walter B. Walker -

at the

HOTEL ANTLERS

INDIANAPOLIS, IND.

Ral the ru ize tee reme danger! id

use on an

pose of oor to Toate. ness doo tion and J Frost

Consulta

November 28,’

‘Ben Zwerlein

Hours:

ncome. shortening of life, lack of pk inefficient truss.

FRIDAY, DEC. 13

SATURDAY, DEC. 14

10-12, 2, 7-9

SYKES. rg ld know the serious. handicap under which they labor—few. 3

easure—are the alties im- J Sykes Service opens th

on without obligation.

AUTO WORKER PASSES PHYSICAL EXAMINATION LIFE INSURANCE AFTER ONE i MONTH'S SYKES SER

and had a scrotal

‘eter son’ and J.

Eventually the Canadians will build g

| !

a lot of it, and some went down ta é

SS Ee E

RPRRRERY SNS Pont ARAN

RB lh i Be a el

man of the corporation. Mr. Mure gy of

a i