Indianapolis Times, Indianapolis, Marion County, 21 December 1940 — Page 9

SATURDAY, DEC.

“BUSINESS

Business Is Warned It Will Face A ‘Defeat Scare’ in the Spring By ROGER BUDROW oe THINGS ARE SHAPING UP for a “defeat scare” in

the spring and business men

might as well begin preparing

for it now, according to the current Business Week. Lord Beaverbrook declares that the British have over_confidence more than anything else to fear. And he warns of gigantic German preparations for a combined land-air

invasion, but especially air. ‘Secretary of State Cordell Hull is disturbed about the small volume of aid we are sending to Britain. And : William Knudsen tells manufacturers we must have more speed, more speed. Business Week believes these words of warnings have a dou-

MEAT PACKERS “BAND TOGETHER

George Hilgemeier Jr. Heads Newly Formed State Association.

THE INDIANAPOLIS TIMES

PAGE

Bill Knudsen's Star Rises Even: Higher in New Four-Man Defense Production Board

JOHN W. LOVE Times Special Writer

WASHINGTON, Dec. 21.—The Government’s new Office for Production Management, announced by President Roosevelt late yesterday, is the one agency capable of merging into a single production program the $3,000,000,000 worth of new

orders being placed by the British and the $9,000,000,000 worth of ° American defense orders. Not to mention a billion or so of unfilled British orders already | placed or more billions of American orders yet to come, William 8S. Knudsen's star rises even higher here as the purchasing period in defense melts now into the production period. Britain's big bill of goods, ordered here in the last few shopping days before Christmas, will be put through the machinery of this new production office, of which the pro-duction-management genius from General Motors is. director. Most of it must go through the

enormously by these $3,000,000,000 worth of new British orders. (The three billions, it is explained around the Defense Commission, is only a handle to signify a large quantity). These British and American orders together come to more than a third of the value of the finished product of American manufacturing industries in a normal year, but the American orders, at least, are spread over more than one year. Another big wad of American orders will be placed next year. There is talk here of additional British orders, now that all fiscal limits to their purchases in America are to be lifted by the President’s plan to retain the ownership of the goods but lend the goods to the British for the duration. Because the American orders had already reached or passed the ceiling of the produgtive capacity of this country, now become the real arsenal of the British Empire, the difficulties of arranging priorities for the smooth delivery of the urgent British shipments aré multiplied greatly. On that account the reorganization of the defense ma-

STOCKS MOVE IRREGULARLY;

Wide Swings, However; Bonds Are Mixed.

Stocks moved irregularly in light | trading today. Bonds followed a similar course while commodities generally were steady. Leading stocks were dull and little | changed. A few special issues made wide swings.’ Consolidated Oil fea- |

net gain at 53%. Seaboard Air Line Railway solling ‘at 12% cents a share, its low for the year, also was active and a relatively large volume of business was done in General Electric at a small decline. 3 Steel shares were about unchanged. In motors, Chrysler had

TRADING LIGHT: i Few Special Issues Make g

|Braz TL &

|B NEW YORK, Dec. 21 (U. P)—

tured in activity and showed a small |<

a small loss and General Motors a |;

Curb Stocks

Net High ow Clo hange Agro Sup Bn 6% 6Ya A g 4 LA tenes 799s Slum Co Ary «es. 153

ab oo

Bath Ir Works. 2 Beech Airc .... Bell Airc ...... Bellanca Airc .. Bliss E W ba 1

+: +++] FEE ESET

| +++: [, .

De Inc. Eagle Picher ... El Bd & Sh ... El Bd & Sh 5 of El Bd & Sh 6 nf 66

rd, Can A Glen en

TOP PRICE FOR HOGS IS $6.65 AT STOCKYARDS

Weights Qver 160 Pounds Sell 15 Cents Higher | Than Yesterday.

Hog prices were marked up 10 to 15 cents at Indianapolis stocks yards today, the Agricultural Ma She keting Service reported. The 15-cent’advance was made on hogs: weighing more than 160 pounds. Lighter weights sold 10 cents higher than yesterday. The top was boosted to $6.65 for ‘good and choice 220 to 230-pounders. | The Marketing Service estimated 150 salable cattle were received, 50 salves, 2500 hogs and 50 sheep.

Receipts 14 avira 3,500

Dec.

ble intention. The first is to prepare the public mind for what’s coming—

gain, Public Service of New Jersey equaled its Jow and then firmed toa|J minor advance. Utilities generally were were little

new office to fit its priorities to those of our own defense program. It is expected there will be no clear divisjon between the work of the production office and that of the Na-

13) 13, 10, 50 15 9500 L500

Seesessvraessnsses 6.58 6.45 6.35 6.40 6.55 6.25

chinery, long overdue, became imperative. It reached its climax this week. A great expansion in the priori-

One of Indiana's largest. indus- 18 tries—the meat packing business— 9

has organized an association to deal

William S. Knudsen , . . Hillman . ; is his assistant.

Kingston Fro i Lake Sh M

20 11

- Roge ger Budrow it will be any-

thing but pleasant. The second is to pave the way for increased American aid to Britain by emphasizing the gravity of the British plight. President Roosevelt capped the reports and rumors at his press conference Tuesday when he asserted now that this government regards Great Britain as America’s first line ‘of defense and will act accordingly. Thus, says the magazine, the stage is set to push through Congress legislation to permit sending arms to Britain on about the same basis as lending a garden hose to a ‘neighbor whose house is on fire— the analogy the President used. This has critical business significance because it means that this ‘country will not permit Britain to lose the war for lack of-American dollars; it further means that British orders to American manufacturers will continue so long as the war continues. ” » 2 ANOTHER REFRIGERATOR price war may be in the offing. Early this week Nash-Kelvinator cut its prices on 1941 models as much as $30 under this year’s prices. . Yesterday Westinghouse Electric announced reduction ranging to about $50 on its medium and higher-priced 1941 refrigerators but advanced the price on its basic six-cubic-foot refrigerator from $114.95 to $119.95. 2 a2 = : . ODDS AND ENDS: Beech Aircraft Corp. has borrowed $13,540,508 from Reconstruction Finance Corp. for plant additions and working capital. . . . A Chicago Board of Trade

seat sold for $450 yesterday, lowest in 45 years. . .. Class One railroads placed nearly 60,000 new freight cars in service the first 11 months of this year. . . . Firestone Tire & Rubber Co. has more than nade up for its loss of European markets by opening factories in India, Brazil, England, Canada, Argenfina and South Africa. , , . Automobile production stayed at the exceptional level of 125,370 cars this week compared with 117,705 a year ago. . . . The brokerage firm of Merrill Lynch, E. A. Pierce & Cassatt, one of the world’s largest, will add its 44th partner soon. . . . Du Pont has developed a new rayon fiber with a high degree of permanent crip, but for lack of a better name =o far simply calls it “Fiber D”. . . . Considerably less “Christmas cotton”—staple sold to provide farmers with holiday spending money — is making its appearance than in former years, according to trade reports.

Chinas Stocks

Close 10 19 16 2 , 34% 4%, >» 89

514

Low

Cent & Cent & SW Ut pf

a Bis Consol Oil Crane Co _.. Cudahy of . .. 80 Decker & Cohn ~euvvoss ixie Vortex lec Househd Bversharp INC .cceeecee ¥our Whl DIV ....eec0e Gen Motors ...

ceesesene

ceesscse

Indpls P&L Joslyn Mfg & Sup . . en Rad Tube A ..:... 3 Leath Co ...... Yincoln Pr pf ...cccceee Lindsay Lt pe Toudon Pack ....... Marshall Field Merch & Mig Mid West Corp oe

Parker Pen .pccceoecoee Press Stl Car .c.eeee. ee So Bend Lat .

8 St Utility & viking Pump pf . Walgreen Co Zenith Radio ....... es

LOCAL ISSUES.

The following ‘quotations by the Indian- & Share Corp. :do not repreSpo Be of offerings, but merely the approximate "market level based on buying and selling Quotations of recent transactions. Stocks Bid ents ™inance Corp = Va Belt RR RR stk Yds i 53

N d Pub_Se N Ind Pub Serv > IR Laundry

Bonds

American joan 32 5s 31 cstanneee erican Citizens 1 Ind Ber *4Ves “61. q Reyo, lus-Tavior 3 32.0 m &T ayne § Tare 103 107 08%

108% ..103

N \ The Tel Tel 4%s ni Pub gor & = ing is 69..

a Cater Wks 55 57... 8 erm Coro 58 57.cc0ssie 18

Tras

5% lance, the premiums which are ‘paid S

: Receive Bonus

«(Arsenal Savings

more effectively with its problems, George Hilgemeier Jr. vice president of F. Hilgemeier & Bros., Inc; Indianapolis meat packing firm, is president. of the organization—the Indiana Meat Association. Arthur Sears of the Elkhart Packing Co., Elkhart, is first vice president representing the northern district of the state, and Norman A. Wright of Boonville is second vice president representing the southern district. :

sion.

director, Sidney Hillman,

tional Defense Advisory Commis-

Mr. Knudsen and his associate do not agree on the question whether munitions manufacturers should be required to accept the orders of the National Labor Relations Board.

This matter still awaits arbitration by President Roosevelt. ‘the Defense Commission and the War and Navy Departments have finished most of their own purchasing and contracting under the appropriations made thus far by Congress, but ‘the American production problem is now being stepped up

FINAL NEW YORK

Fred S. Dick of Kuhner Packing Co. at Muncie was elected treasurer and Carl Valentine of Valentine Packing Co. at Terre Haute, secretary.

High Low ee 578 /8 5Ys

ww 93%

Adame EXD ‘e..0 Air Reduc ..... Also elected to the hoard of di- Alaska Capea, rectors were Frank T. Lewis of|Al Cp pf $30 Kingan & Co., Indianapolis; J. D.|Al Dimitt, Standard Packing Co.; Kokomo; Russell Whisler, J. L.. Whisler & Sons, Elkhart; Ross Sawyer, Sawyer Packing Co., ‘Wakarusa; A Arthur E. Wenning, Wenning Packing Co., New Salisbury, and George H. Atkins, Stahl Packing Co., Evansville. 4 Henry M. Fink, Kuhner Packing Co., auditor, will be business manager of the association. The association's program will include action on legislative, regulatory and transportation problems. Abouth 70 meat A packers out of the state’s 280 were represented at the first meeting 4 held in Indianapolis this week.

TRUCKING INDUSTRY FETES LEGISLATORS

Representatives of the trucking industry here will hold a luncheon Jan, 8 to tribute to the members of the State Legislature. Floyd M. Jackson is co-chairman of the affair. Committee members include John Quinn, Edward C. Lepp, J. B. Holmes, Earl F. Throm,| Am John L. Gedig, Jack Kohl, Otto Ob- Ali shier, Andrew Alexander, Claude Am oo Caylor, R. C. Campbell, I. J. Cooper, | ;naco L. H. Doty, S. A. Daugherty, Robert| ABW Paper. L. Davis, Fay O. Ellis, F. W. Auckly,| Amour mt K. S. Foster Jr., J. R. Gibson, Ryan Artloom Hall, Fred Kohout, W. O. Mc- 450 Dry P Gauhey, J. A. Manning, F. R. Per- Atchison, kins, L. B. Renner, M. J. Steffani, |at| Refining Ed Taggert. Cecil Wash, Val Yeeri- Atlas 8 orp Bs an, Sam Ziffrin, and Harry Harmon. b. Special guests will include Governor Henry F. Schricker, Lieut. Gov. Charles M. Dawson and Sec-

ecss —

Bank Note. Br S vee Ys Ne can .

MachdFdy Mach&Met. Met

Am Am

Am Am Roll Mill pf Am Safe Razor. Am Seating .... Am Sui) ap Build

Am Am Am Am Am Am Am Am T&T Am Am Am

nuff Sh Fdies . Stor iy Co..

cen

3ald Laco ct 3alt & Ohio.. 3alt & O 3angor &

Hn ND fot Ca et bet IND DD 4 bt OO x =I

—

ulova W NIhrRton M . 3urroughs utler ros nt. yers, A M

retary of State James M. Tucker. G. C. MURPHY CO. TO PAY YULE BONUS 5% 5 Bloominidale Employees of the G. C. Murphy B > Co. stores who have been in con- Bong Stores . ee 23 tinuous employ for a year, or more |Borg-Warner ".. will receive a Christmas bonus, Wil- dent Bp liam H. Meckling, manager said to=|Briggs Mfg ristol-My day. klyn-M 'T The bonus being distributed amounts to. approximately $100,000 and is being given to salesgirls, stockroom workers and other “behind the scenes” employees. In addition to Christmas bonuses for employees, the Murphy company also has other benefits for its employees stich as vacation with pay, relief fund in case of illness, hospitalization plan and group insur-

Cal Packing . Callahan Zi

x 5

entirely by the company.

Banquet Employees to

Mills." 374 Capit. Bs pf A. HE Carriers & Gen. shu

Fas e Ivf. ...023 Caterpillar T... 49% Celanese A Christmas bonus representing g s|3 per cent of a year’s earnings is being presented to the 140 employees of the Banquet Ice Cream and Milk Co., 1214 Southeastern Ave. “It has heen our custom for several years distribute bonuses to our employees in apprication of their loyalty and efficient service,” H. T. Perry, vice president and general manager, said. Officers of the company which|g was organized in 1913 are Paul Ruthert, president; Mr. Perry; Wil-|{S3 & 4 liam D. Vogel, treasurer, and William Hubert, secretary. The board of trustees includes the officers and Russell R. Handy.

+40 or 4: ere. reise Es

Got 3 So 1 ‘pf. Colum Gas .... oa Gas of ve

pf 4 Comw & Edison 1 Cong-Nairn .... 15% Ci Aircraft . 241, Cc pernms 7 Edi 22 Edison pt. 106Y%s Laundries. 2% Coal vic i Cial pfvte. 17% Gonsum Pr pf .106

Container ..... 1 Cont Bak A ...

To Declare Dividend

Arsenal Savings and Loan Association will declare a two per cent, semi-annual dividend Jan. 1, W. D. Fitzpatrick, seeretary ‘has announced. Mr. Fitzpatrick said loans increased $131,000 since Jan. 1, 1939.

Farm Prices in War-Time

Index

wk Prices during § Joule dar

(1910-14 = 100 Prices during the Present War (1935-39 = 100)

200 1860

160 140 120

100

80 badass ag ge Eg

1915 1916 1917 1918 1919 1920 1940 1941

1959

Indiana farm prices bulged at-the cutbreak of the World War and also at the outbreak of the present war, Purdue University’s farm management department says, but prices remained relatively steady during the first year. However, during the second year of the World War, in 1916, a moderate rise in farm prices occurred followed by an

then fell rapidly,

v Net Change

% Fite

2 | Year Ago

| Cons Oil

4 Radio K ....

2| Gen Mtr ....

‘4. PCurtiss-Wr A

QA0ANQAQAAAAANAANQAAAAQAAAAQQAQAANQ crerer - o

~ inflationay rise in the third year. Prices remained high until 1920 and

ties or scheduling system for industry is looked for through Mr. Knudsen’s new office, as well as some real limitations upon civilian competition for the available industrial capacity. British orders have already ‘conflicted with American deliveries in some plants, particularly around Pittsburgh.

STOCKS

By UNITED CRESS

! 30 INDUSTRIALS TORRY: «veneressssssnensessss 128.39 Yesterday occ.cccecccescccces 128.87 Week ARO ..ievcecsaccsnese, 132.31 Month AZO ...csceccassscces 131.47 Year AO ..cecvccccaaiiees. 149.85 High (1940), 152.80; Low, 111.84. Hixh (1939), 155.92; Low, 121.44, 20 RAILROADS Today A I DR Yesterday ...ecocsecenccccess Week ARO .vrerssnssncsaesss Month Ago ....... 29.38 Year ARO ....scceesceseees 31.58 High (19490), 32.67; Tow. 22.14. High (1939), 35.90; Low, 24.14. + 15 UTILITIES TOARY ...visveaveesvrosnssas Yesterday setseseccsscenanns Week AZO ..ccvvisesscssones Month Ago

+0.02 +0.03 —0.04 —0.21 +0.26

27.17, 40.03 21.14 288 ...) --0.01 +0.14

19.58 19.56 20.14 20.42 24.91 High (1940), 26.45; Low, 18.03. High (1939), 27.10; Low, 20.71,

15 MOST ACTIVE STOCKS

Sales Net (in 100s) High Low Close Change Comw & S ..161 13-16 34 veer 98 534 534 Am Rad & St 86 63; 65% 83 33 33% United Corp.. 82 1% 11, Gen Elec .... 82 321% Sec Vac .... 67 8! 66 23; 60 6% 56 1s 56 6833 53 493% 50 213

cesssessngescags

Seaboard Air

U § Steel.... 67%

Cons Laundry No Amer .... 46 163g 1613 Std Oil N J.. 44 333; 33%

Stock sales approximated 420,000 shares against 390,000 a week ago. Curb stock sales were 109,000 shares Somparel with 114,000 last Saturay.

214

18 2 “30514 Cream 18% Crwn Ck cupfxw 443 Crwn Ck cupfxw 44%; Crown Zeller .. 14% Crucible St .... 457 Crucis = Lee. 9512 Bp! oy ny eanee 13 Curtis Pub .... 1% curtiss-Wr .... oar

Curt Pub pr pf 02

Crane Co evpt

. eC

CNTNT@TEINT NAY NTRS

a a ot Pte

19%, 27% 11 25% 13% 8 18% 85% 15% 8 21% 9% 161% — East an ines. 34

East R Mill .. 41; East Kodak» eos 132

Dist ges pf ww 851% Dome Mines ... 157% Douglas Airc .. 76 Dresser Mfg ... 21% Duplan Silk ... Du Pont 16

33% 415 131% 341, 3373

Ex-cell-o

Fair, The pf.... Fajardo Sug ... 1 F Mot .

Ee Stove. ood Mach ‘ Foster Wheel .. Frank Sim pf.. Freept Sulphur.

Samewen. Co .. Gen Veeos DI . Akins: Cable .... Cigar .... 18 8 Electric. . 32Ya ne 35% Ya 138 yi 125%; 581 DB 5-16

8 Mills pf.. 128% fot tors. ..

fotors: of. 125 2 t v

;reyhound CD... irumman Air E ulf Mobile & O

Hall Print ..... roy 13% H a

H Hupp Moor . 11 Central Indian Ref Iniand Stl 88 hd Evid Cop . 38 13 te Md; 6

6%2

DOW-JONES STOCK AVERAGES|

+0.051 In

Net Close Change | js

4 en Nat Distillers’ .

? at Lead Nat Mal&Stl C

8 Newport Ind ...

: Net High Close Change Interchem .. vis Interchem pf . rior —1 jnterjake Ir... 10% Ya 12 ues Ag cares: Ya Ya — Ya a— 114 — va

of ~}

Harvester. . ‘A d Vs ig Is

ier Ya Ya

rtyp Va Interty Cr Coal. 29%

— Jewel Tea ..... 40% Lh Johns-Man 59 58? Jones 5 L17 pt. 104 103% — Kan C Sou pf.. 151; 1512 psaufmann pt .104! 2 104 Kayser Kelsey Hayes * B 873 82 Kennecott, 3512 5 Keystone Stl .. 13 Kimberly Clk .. . 39% Kinney Kresge SS . Kroger G&B

— 13% Ya

sess

i 38a —l— Lambert ...... 12% Lane Bry ...... 6 cenins S0Y8

' Cem... 24%

Lou Lou & Nash ...

Mack Tr ...... 28% Macy RH ..... 25 Manati Sug ... 1% Marine Mid ... 4% Market St Rpr. 10 Marshall Fld 147% Martin (Glenn) 30 artin Parry Masonite Corp. Mathieson ..... May D 8S ..... Maytag ..... Maytag pf . McGraw Hill . McIntyre Porc cKeesport .. cKes & Rob. [cKes & Sonpf cLellan St Mead Corp . Mengel 1st pf. Merch Min Miami Cop ... Mident Pet ... Midland Su eis Minn Hn 392 Minn Hny Bpf. 108% Minn-Moline Mission Corp .. 10% Mo-K Tex Mo-K Tex pf.. . 13 Mo Pac pf ... Va Monsanto ...... . 81% Mont Ward .. 36% & E: 24 Mueller B:

Singitgwear, urray

yers & Br... Cann — 4%, 14% 22 .. 167s . 12% 13% 10% 3

Nash Kelv ... N Ch & St

Nat

Nat Oil Prodets Nat Pwr&Lt Nat Tea Neisner pf LTV, Newinat Mining 30% Newport N S .. 26% 1% Central 133% 14

Steel Owens 1 Glass

Pac Am Fish.. Pac G & El.... Packard .. ....

Daf no. Mines: ;

en penn “Goi. > Co Penn D

Peoples Dr

Lz |.

Sateway 5 2h 2 S Fra a

14.| Sears Roebuck. Serve

Tun Stk. Yd .... 1! *| Univ Pict 1 pf..112

steady. Rails changed. Tobaccos sagged. Lorillard made a new low at 173%, off 1, and Rey-|N

307%, off 3. American Tobacco B, an ‘exception, registered a small advance. Best gainers were Cudahy Packing at 13, up 2%; Walgreen preferred with warrants 104%, up 23%, and a new high; American Woolen . preferred 541%, up 1%; American Hawaiian Steamship 38%, up and U. S. Gypsum 64, up 1. American Smelting preferred made a new high at 155, up 3%.

Storms Boon to Soil Reserves

Times Special WASHINGTON, Dec. 21.—Storms over large parts of the country during the past week proved to be ill winds blowing farmers a lot of good, roundup reports reaching the UV, S. Weather Bureau here indicate. Heavy rains and snows not

*lonly added to, the now abundant

topsoil moisture but contributed materially to the replenishment of subsoil reserves, still depleted after the drought years of the ‘thirties. Snows have been especially heavy in the nearer Northwest. Three feet is the measure of the white blanket, to date, in Minneapolis. That comes within folir inches of normal snowfall for an entire winter for that station.

Net High Low Close Change —_—8 1 111 - 1-16 38 10% 6

~ @>

Nas yA ba Schenley Dist. . hulte R

{oder oi T a

;

Seab’

= oe

ataze by 3. : a

Sharon st bt harp & D..

- oF

Socony-Vacuum 0 Am d o Por R Sug.. o Cal Ed .... outh Pac

LE 4 td):

pear & Co.... Spencer K .... Sperry Corp ... picer Mfg .... ipiegel Inc .... Spiegel Inc of. : quare ‘ td Brands

FL kd 1+]

§ uperhtr Superior Oil: ...

8 | Superior Stl .

Suth Pap Swift Intl Sym-Gould ww. Sym-Gould xw.

Talcott J “f...

hermoid pf... hird Av Ry .. hompson Pr homo Se:

200m or Fox 20th Cent-Fx pf Twin C R T pf Twin Coach ...

Und Ell Fish .. Union Carb Union El Mo pt. 114 Un Oil Cal 12% Un . Un Aircraft ’

Air Lines . - 4332 +13

—y— Vadsco pf 15%, Virgen Ry pf 32%

1514 32%

. Wabash Y% | Wabash pf A..

Yaldor: 392 oe Walgre weve 21%: WHE pf ...104% Walker Foe GW 29% Ward 28 Ne A 3Ya

Ya & P. 17% 3

ion ©. 20% West Air Ble . a Westing El ..102} Weston El In . Sara LY 23%

AAA AAA s

Sold s

Willys Overind. Willys Ovrld pf Wils: & Co . wilson pf ar Woodward Iron 5% Woolworth .... Worthington .. 398 Worth’ cv pr pf 60

eee Wee Yale & T ..... 202 Yellow Tr ....

20%

147%

— Zenith Rad ... 2157s 8 Zon 2% 2%

nolds Tobacco B equaled its low aft

5 | July September

a heavy.

Nat Bellas Hess N'Y contrii.....

Zinc Y shi bide. . Niag i Wr. . Bos JL bantepec 0 Ven

Phoenix Sec ay

1 Puget, § Puget So §

St Reg Lock . Seheeted Ind’ wh “16 i T4

14, Std P &

Sunray Oil .... Technicolor ... Un Aire 2d.... Cigar Strs. Gas Cas Cp Lt

Venezuelan . Wright Harg ..

WHEAT BREAKS AT

CHICAGO, Dec. 21 (U. P)— Wheat futures broke sharply in the

dation. Other grains were narrowly irregular, ] After a period of firmnes around midsession, ‘all grains encountered increasing liquidation. Wheat finished off 3; to up %, December 893% @90 cents. Corn was off % to 7% cent, December 601 @60 cents; oats off 4 to up 1% vents, December 407% cents, and rye 3% to % cent lower, December 42% cents. Soy beans were off 13 to up ‘2 cent, De= cember 913 cents. Today was the last day of trading in December futures.

RANGE Prev. Low Close close 35h $ Bo § 89% at

845 Hn 19 i

607

2 160 60%

Soy Beans— Decembet' ....

6. .. 6.32

Wheat-—No Sales reported. Corn—No. 3 c: No. 4 yellow 3 2 @59¢; . 3661 sc. One 1 mixed, 3815¢; No. 1 mixed, one heavy, 39¢;: No. J red, heavy, 38'2c; sample mixed, 29% ¢c; No. heavy and - extra heavy, 41! et No. 31%; No. sales. e malting, '55@64c, nominal; Soy Beans—No. 2 yellow. 91%ec. Field seeds per 100 lbs., nominal-—Timothy seed, $4; alsike, $9.50@ 12; fancy red top, $7.50@8; 10: sweeb clover. $3. 50@4. i Provisions —Lard, $4.40, nominal; Tons: $4.75, nal: leaf, $4.75, nominal; bellies, tas 817, nominal,

LOCAL GRAIN

ASH Whea Tensints 1c ariosd; No. 1 red, S49 4@85%c; req. 33, @8434c; No 1 hard, 8235 @83%ic: No. 2 Ba 813, @ 4C Corn--Easy; receipts, 35 carloads; new No. 3 yellow. 53'%2@55¢; new No. 4 yellow, 517, @5% white corn, 3@4c over yellow; mixed, '~-@2%c under. Oats—-Steady: receipts none: No. 2 white, 35@35%e; No. 3 Thte, aaa, Sov Heans—Weak 2 carloads; Indiana TE, a @Bdiac “itinois pints, 1% Wee

—Easv:

WAGON WHEAT

Indianapolis grain Slevaiors are payin or No. 1 wheat, subject to market

0. 52c; ne 0. 4 white shelled corn, No. 2 White oats, 32c. WINNIPEG WHEAD ig Low ver esse s$.13% $ a2 .o 1 18%

55¢:

Prev. ose Close $ HA $ 12%

16% .76Y, 8 8

Government Bonds

VU. S. GOVERNMENT BONDS ‘Treasury Bonds

igh, 1946-44 .........109.1 cesu eve [11330 ..110.3

Close 109.15 113.30 110.3 111.5 104.3

1860-35 oar:

NEW YORK, Dec. 21 (U. FP. .—Following aré¢ noon closing Cable rates on major currencies: Cable Rates Net Chg. England . $4. "

(pound) .. Canads

{ die

in yng Switzerland +i Sweder. (krona)

4 Japan (yen) .... a Mexico | Yona)

JONES & LAUGHLIN

NEW YORK, Dec. 21 (U. P.).— Financial quarters today discussed reporis that the Jones & Laughlin Steel Corp. plans to refund its entire outstanding mortgage debt, amounting to $39,170,000, which would be followed by recapitulation to erase arrears of $45 per preferred share.

the corporation . said that any “rumors” concerning their future actions were “merely guessing” and refused further comment.

° Oldest Loan - Brokers in .. the State

The CHICAGO’

146 E. WASHINGTON ST.

on Everything!

' Diamonds, Watches, Autos, Cameras, (lothing, Shotguns, Ete.’ WELRY CO, Ine.

CLOSE OF TRADING <2:

’| steers sellin

Jou clover, $8@ | 15

FOREIGN EXCHANGE |™

MAY REFUND DEBT jis

- However, in Pittsburgh, officials of |

Packing Sows Good to Choice— 00..$ 5. 85- 5. 78 30. .56- 38 60 _

Barrows and Gilts | Good to Choice—

5.50-

5.40- 5,60 5.30- 5.45 5.15- 5.35

50- 500. 4.60- 5.40 Slaughter Pigs | re edium and Good 160- 200. 5.75- 6.25! 90- 120... 4.50- 5. 10 Slaughter Cattle & Vealers (Receints, 150) ers Bulls Chol yrs 25.13.75! jLZeariings excluded) T50~ 9 12. eof 900-110! 0. ¥13 80- 14.50 Good veves 7.00- 7.50 pli REA 00 . 5 seen -. | ly — Medium ... 5.15- in 7.75-10.25| Cutter and . 10.25-13.00/ common . ; 00- 830 10.50-13.00| ter . 10.50-13.00| Good a cho phe. 11.00- 12. 00 97. 75-10. 95{Common an : 7.75-10.50 _ medium. §. 30-10. 5 Zommon-—= 750-1100. 6.59- 7. 75° Ri and” | ao Heifers toe Es La » 00-750. 11.25-12.75] ali a 00- 800 9.25-10. 300- 750. 950-1135] 00-1080. §.35-10.00 Good— goalless 4308 750- 900. 11.00-12.25! Medium =’ Delt 7300 900. 9.25-11.00/Commone= 0" ge 7.25- 9.25| Calves * 1Good and choice— | 6.00- 7.251 500 down. 9 oy »

500- 900.

w! 00 down. 8.006.25- 7.25] Calves indies) ° 5.75- 6.25 od ang © Cutter and Sawn 5 oo .00 common 4.75- 5.75 Mod On &To- 4.13) 500 down 7.00- 8.28

SHEEP AND LAMBS (Receipts, | Lambs

Good and choice ronan Medium and good .......... Commo

.$ 9.25- 9.75 8.25- 9.00 7.00- 8.00

7.25- 8 6.75- T EH

1.00 8

Yearling Wethers Good and choice Medium ..

Ewes (wooled) Good and..choice Saiaee Common and medium

CHICAGO LIVESTOCK

Hogs—Receipts, 300; practically no Bat and choice hogs on sale; undertone stead on all available supplies. For —8Strictly fat butchers aE he, eek lbs. predominated; heavy butchers barrows and sows remaining scarce as ‘Were underweights.

attle-Recelnts, 300; calves, none. the week—Fed steers and yearlings str to 25 cents higher; all grades yearli and medium to good grade steers shi ing most agvahes, in instances as m as 50 cents higher: trade close fa active; prime steers reach $15.40, 1 high on crop} Hie, ahove $14, how! ey yearlings, $14. [email protected]; | downward closed lutted su he medium to g 0 cents ;. choice offéri steady to 25 cents lower; common ki steady at yas: choice to prime hei topped at $13; t week’s excessive. suj shortfeds sold Bu [email protected]; beef co 15 t 5 cents higher; cutters hig sarlys Du lost big share advance; b 8 jo 1 gents up and vealers 25 to 1 Ss Righe

Sh ooops, 1000; for the week--lambs regained most early loss and hired about steady; week’s top, $9.35 to ship- ° pers and city cnet "bulk good ee fed Western and natives, 100 | 9.25; medium to good

3.25 2.50- 3.2!

deseo

For ong

active;

alls 50

140 bs. $5.65; $4.55: roughs, $5.25; stags, $4; tees. si: lambs. $9.50. fogs

86. if

LAFAYETTE 10c nigher:” ito 2b © 5 10@ 200-250 Ibs. [email protected]: 250 INT .30; pigs, $5.50 RN Toughs. down; calves, $10@11; lambs, $8@9.

U. S. STATEMEN

WASHINGTON, Dec. 21 (U. P.). Government expenditures and receipts fo the current fiscal year through Dec. 19, compared with a year ago: : ‘ This Year Last Year Expenses $1. 742,302,171. 23 $1 501,761,018 51 Receipts .. 3.4 ag 480.70 2,639 719,148.1 Gross Joi 1

Gold Res..21,899.319.641.74 17,570,484,

Customs .. 147,887,933.80 168,607,

INDIANAPOLIS CLEARING HOUSE

Today Clearings ......... ..$4,1 0 Debits . FP 10,1 This Week Clearing’ ...oeo-evenves. i aviens 24,620,000 Debits

LOCAL PRODUCK

Heavy breed hens, 12c; bareback Inens, 1ic; Leghorn h Leghorn hens, 7c; Barred and 2 13c; other colored heavy breed springers, 12c} Leghorn Tones, 116; bareback

13¢; iy the! No. 2 2,

0. Ducks—Fuli wo 1 toc! and fat. “white, 5 lbs. and over, 7c; white, under 5 Ibs. golored. 5 lbs. and over, 6c; unde r

Geese Pull feathered and fat, 7c. Grade A

u! A and No. 2 eggs, 1, 38@3 pac: No. 2,

Buter—No. 38hae "Buttertat—No. 34c; No. 2 (Country pickup id quoted by ‘the

* | Wadley C

FOOD PRICES

HICAGO, Dec. Mic gan Jonathans i. a 35a! ot

squares, 5 uss, [email protected]; 5 orn [email protected]; carrots, California crates, @3.50; lettuce, Arizona crates, $2.25 sweet potatoe; 0% Tennessee bu., : Onions (50-1b. sacks), Illinois ve lows, | 65c: Minnessota. yellows, 72Yac; Iowa lows, 77%c; Indiana yellows, 65c.

AUTO and DIAMOND

LOANS

and Refinanting 20 MONTHS TO PAY

Wolf Sussman, Inc. 239 WW. WASH ST. FSTABLISHED 39 YFAR» I IR RR TR Rt

F. H. A. LOANS

For financ slteratichicre rs improvements oa Indian, ao

‘The Peoples State Bank

(903000