Indianapolis Times, Indianapolis, Marion County, 31 December 1940 — Page 15
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Indiana
On the Weather So Far This Winter
Farmers Getting Even Break
By ROGER BUDROW
m; either. It’s what the weatherman has in store for the
nder of the winter that
has them wondering.
To start out with the good side, this mild weather is for pastures in this area but they need more moisture— y need something to pep them out of that brown straw
te they were in last fall.
jon County’s pastures—about D0 acres—provide a big portion of farm'income hereabouts through e, lover, alfalfa and so on,{ ; according to County Agricultural Agent Horace Abbott. Wheat occupies about a third or fourth as much land around here as pastures do. The wheat hasn't grown too much to be damaged. But if the weather turned any milder, ‘might be in a too tender 8 and then be damaged by a y -freeze. Alternate freezing } thawing is another prospect that ers: do not relish. good many farmers have done
il. (unless it’s hilly, easilyland) inasmuch as it turns
‘the joker in the insect pests that there hasn’t been enough
t says. Marion County last had more cinch bugs per square 3% to harass the wheat and corn ¥ other Indiana county, acto a U. S. Agriculture Denent survey. With this*kind of , the county will be well on “way fo a bigger record next
# 2 #
ob STREET reaction to PresiRoosevelt's speech was that S is ready to carry its share of out” defense program. But ire several questions by.his suggestion that “our
“one question. e risk will business be ume? What guarantees will be given the ownShdustries? 8
#H 2
DIA - FARMERS who can to bein their calves until hol-
: Jayme can pick up a few extra
in higher market prices,
= local livestock records show.
For instance, a week ago last Friday the highest price paid here for vealers was $12 while yesterday the ) was $14.50. There was similar spurt last year at the same ket experts say a good
4nd. Boston Tor holiday dining. = 8 ODDS AND ENDS: Official esti-
mates indicate about 600 million
bushels of corn under Government . With a catch of 219 whales tlie four-month season Canada is bi in the whaling picture this year with 132,000 gallons of whale : 1 169,000 gallons of sperm oil, 181 i of bonemeal and 434 tons of izer Bbtained from the huge . Drug and cosmetic sales are over last year but use the war has boosted whole ubply prices profits are slightbehind 1939, Dun & Bradstreet ; .. . . The way the machine |d tool industry has extended this year
Ee “glmost an epic in American in-
history,” trebling the 1929 time record production, Clifford S. Stilwell of VW arner-E bs y os BO ove said today or Leon Phillips of Okla baa, - chairman of the Inter-state Oil ~ Compaét, charged yesterday that ‘Secretary of Interior Harold Ickes was “leaving no stone unturned” to place the petroleum industry under Federal regulation and control.
BUSINESS AT A GLANCE
" By UNITED PRESS
‘& Co. (Illinois) and subincluding Armour & Co. aware and its domestic and subsidiaries, 53 weeks ended |! net profit $8,307,429, Squat
g ‘of the company, so that fly the Delaware preferred
; Indianapolis & Louis0, 11 months ended Nov. “operating income, $1,090,900.
Ice Machinery Corp., fiscal ; ended Sept. 30, net profit, $483,-
3 N AL ISSUES ngs Hotations by the Indianare Corp. do not repreie of offerings. but merely approximate market level on buying and selling quotations of “transac ons. Stocks e Corp em, Yds : Yds Id Pow oe ptd’. ne ¢
Wayne op pid. Co $6 wae Eee 1% 95 ay pf
Ask
2 wr
pid.. ‘pra... ee
sirrerese B
Lo of nd 7% LE 4.8% ! Elec "8% Co com:
—- - - : ONO LOWE Wa JOU
BABY’ POSTAL SAVINGS NEXT? -
U. S. Treasury Wants Small Investors to Lend For Defense. WASHINGTON, Dec. 31 (U. P.). today a modified postal savings plan participate in defense financing.
ular deposits in postoffice aecounts. Deposits would be receipted by|a stamps, which’ would, in turn, be redeemable at face value plus interest at the end of a. specified period. Officials said no details on this, or other plans, wuold be worked out until the question of an increase in the public debt limit, possibly to $65,000,000,000, had. been ironed out in Congress. Formal request for the increase is expected to be made
.|early in January.
Despite the fact that Treasury Secretary Henry Morgenthau Jr. has said that he would “not turn down contributions of 25 cents,” officials said a mass campaign for small contributions might conceivably cost more than it was worth. The World War system whereby school children bought war stamps, they said, was completely successful only because so many children logt their stamps and could not turn them in for redemption.
—Treasury officials are considering |Am Com for encouraging small investors to|,m
The plan calls for small but reg-|:
=
100 1932 1933
NYS
High “Tow. Last Chose
+ Y%
|B 1:21
RE I
aan a
P&L 5 i sais Rad & 7 m Snuff ..... 50%
Am Sugar ..... 14% Am Sugar pf... 77 mT&T
161% i= Tob B .... 171 6% 7%
“tl =
‘14% 1 +N 187% 167% 71 nn 6% T% 27
Ct ~
Am Water W . Am Zinc . S1scdnda Armour Il .... § . 28% s By
Fa
5 282 6% 5 60% fining ... 24 Aviation Corp . 3 4%
Hii ll
Faate
Bangor & ATs ayuk Ci " ath Ir Wks ... 3eech-N Pkg . Bendix Avn |.. on Ind Loan v t & Co ... Seth Steel '. eth Steel 7 pf. 15074 3igelow San Black & Decker 2
Bucyrus Erie .. Budd Wheel ullard Burlington MM. oe
Campbell Wy... Canada Dry ... 1 Can Pacific .
Another system of “spreading the |g, Fa8ie 4
cost of defense,” which may run as
officials said, might be to issue
nominations beginning at one dol-
reach the small investor and yet avoid the overhead costs inherent in a stamp plan.
MIDWEST SHIPPING
Mid-West Shippers’ Advisory Board today forecast the best first quarter shipping business for Middle-West-ern industry since.1937.
would require a total of 824,32): freight cars during the first three months of 1941, an increase of 8.1 per cent over the 762,552 cars actually handled by railroads in the first quarter of this year. The largest increase in requirements was expected for iron and steel industries, up 35 per cent from
a total of 77,700 cars. Improvement in shipping outlook was attributed primarily to national defense orders. The coal industry was expected to use the largest actual number of cars with requirements set at 358,400 or 43 per cent of the total. The Qutiogk represented an increase of per cent over the first quarter of 1940. ' Automobile industries were expected to need 25 per cent more cars, brick and clay products 33 per cent and sand and gravel 21.5 per cent more. Decreases were anticipated in only two commodities — livestock, and Desh fruits other than citrus varieies.
NEW YORK, Dec. 31 (U. P.).— Dunn & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 1000.) Yesterday .. WEEK ASD .. eu. iviianesiess. 123.60 Month ASO vs.aveais vino 12407 ear Agh...........o00. 50.1233 1940 High (Dec. 30), 124.74. 1940 Low (Aug. 19), 112.42.
BUYS BLAST FURNACE
CLEVELAND, Dec. 31 (U. P— The Republic Steel Corp. announced | today it had purchased a blast furnace at Troy, N. Y,, from the Hudson Valley Fuel Corp. Republic Steel had operated the furnace un-
‘high as $10,000,000,000 next year,|g
lar. This method, it was felt, would:|S
GAIN IS FORECAST &:
- CHICAGO, Dec. 31 (U. P.)—The|§
The forecast indicated that in-|G dustries in those states surveyed |S
the corresponding period of 1940 for |&
DAILY PRICE INDEX a
vescesissnnseses.124.74 Herc Pd
D. .e Carpenter Stl .. 2
notes similar to “baby bonds” in de-|&h¢
. 1-18 73 19% 10% h & *pt 51% 1 Batson 293% ons Aircraft... 26%; Bison i ae ison p Oi Ie
19% a 20 4% 35% 45%, 9 19%2 i % 4Ys 76 25 9 2853 31%
Crown Zeller on Crucible St .... 46
.
H+ +H: A
% 2853 Curt Pub Pr pf 31% 313% Po Delsel W $ «ee 18 18 D Hud 113 113 DLac & W ... 2% V8 Dome Mines .. 15%s 15% 5
18 11% 23
Dow Chem ... 1 Dunhill
34% 347% 7-16 4 5% %
East Air Zines, 34, K iee139
7 7% a 2 se By
Evans Brod vee
Fajardo Sug Fed Mot Firestone T ... Tlintkote Food Mach Freept-Sulphur. 305s —C— Gar Wood Ind.. 5% Gen Cable .... 3 Gen Gen Foo Gen G & Gen Sen out Gen Gen Rty & Gen Gen Gen Gen
10000 1 00D
Gt West Sug Greyhound Cp..
Fe aDId did DI DDI Di LIS -. oN 5 FS as
Arab bt ditt DISDAIN WD CID
Bhd: bbb 1204
Hall Print ....
+: ++ Sa eR as
Howe Sound ... 35 Hud & Man ... 9-16
6% eee 24 20% 11%
9-16
111 Central .
+ +l);
65% 24 20% 11% .. 50 23% .. 87 2% 2 31% —T 1212 121% 41%; 41% 61 61 lf
50 2315 6 2%
T&T Island Cr Coal. 31%
Jarvis Co ...... Jewel Tea i... Johns Man ....
Ser lease since July, 1940.
WASHINGTON, Dec. 31 (U.
Kalamazoo S&F 10% 10%
Plan to Restrict Imports of Japanese Raw Silk Shelved™
P.).—Administration officials have
shelved temporarily a proposal to impose penalties on imports of Japanese raw silk, .it was learned today. The Administration has been considering for several weeks a programr for restriction of imports—a program that would form the
counterpart of present restrictions on exports of materials deemed by
A restrictive import program would affect Japan most severely, assuming that exceptions would be granted Great Britain and the Latin American nations: similar to those granted them under the export embargoes. The import penalty’ most prominently discussed until discarded involved imposition of a 650 per cent ad valorem duty on Japanese goods, it was learned. A section of the tariff act of 1930 grants the President power to apply penalties where United States trade has been discriminated against. Most provisions, however, involve discrimination within the country against which retaliatory action is taken. The United States has no complaint against its trade rights in Japan, United States objection to Japanese - discrimination - has been against action in the occupied areas in China. There American business men report exchange restrictions and other steps which place them at a disadvantage in competition with the Japanese, Most important of
the President to be necessary to national defense.
of the Yangtze river to all traffic except the Japanese. Decision to shelve the silk penalty plan was reported to have been based on the fact that such a move would be a serious blow to Japan's domestic economy. It would strike at a vital source of foreign exchange which Japan needs badly to buy imports for her own populace. Hitherto, licensing and embargo provisions on exports have been directly at items which Japan uses primarily, if not wholly, for her war effort in China. Raw silk, on the contrary, is the |$ United States’ largest import from Japan and amounts to more than $100,000,000 yearly. In 1939 it totaled $106,951,000. The United States takes about two-thirds of Japan's annual
raw silk production, all of which is|.
admitted duty free. Used primarily
for hosiery, it has also been the sole |}
source of parachute material. Recent development of high tenacity synthetic silks, however, have made
the United tates relatively inde-|17c
pendent of the Japanese supply even for these Furposes. rt
1934 Indiana’s building industry in October, stimulate d directly and indirectly »$ defense construction, rose
34 per cent over September, Indiana University’s Business Research Bureau reports. The cumulative value of total contracts awarded for the first 10 months of t he year was 22 per cent above last year’s total.
1, | Nat Dairy ..... i; | Nat Distillers .
2 | Reliable “Stores Va Read} ing 2 pf .
1935 1936 1937
TOCKS
8y UNITED PRES®
DOW-JONES STOCK AVERAGES
30 INDUSTRIALS Yesterday ....occocce.e 181.04 Week Ago essssecs 128.89 Month AO ..ccccecce. 130.78 Year AO ....cc.cue... 151.48 High, 1940, 132.00; Low, 111.84. High, 1939, 155.92; Low, 121.44 20 RAILROADS 27.99 27.20
+ 0.93
Yesterday ...cc... Week ALO ...oovoqsossnne Month ALO ..ccevceeeee 28.00 Year Ago ..... teense 33.98 High, 1940, 32.67; Low, 22.14 High, 1939, 35.90; Low, 24.14
15 UTILITIES
Yesterday ...cccceececes 19.79 Week ARO s..cevescesas 10.61 Month ARO sciceceseces 20.25 Year ARL ...cccrnosensces 25.90 High, 1910, 26.45; Low, 18.03. High, 1939. 27.10: Low, 20.71
High Kan C Sou..... 4% Konnecobs sess 315 Kresge 8S ..... 25% § faclede a eva
Lehman
Low
ass Eockheed. a Loew .
Lott, ®ne
Lorillard .....
Mack Tr...... RH
1% Macy xesve . 35% Marine Mid . 4% Martin (Glenn) 3014 Martin Parry... 11% ay D 8 .... 52% [cKeesport ... Tl [cKes & Rob.. 3'a eLolan hi .e $4 Mident Cha eo 14% Mo-K Tex ... Mo-K Tex pt 1% Mo Pacific .. 1-1 Monsanto ..... 8 Mont Ward ee
Nash-Kelv .....
Nat at
cee 3
ewport Ns.. Y Central . 14 at Oil Prod te 3 16 Y NH&H
N N N N Y Shi Norf & : 1 NO Amer ...... 16%
a Ohio Oil .ie.e0 73% Omnibus ...... 9% Otis Elev ...... 18%
—Pe 9
9 7 36% 3% 3% rd 3} /a 3% Pan Am Airways 19% Paraffine pf ...104 Paramt Pict .. 10% Para Pe 2 pt oe « 10% Park Utah «13 Fenne Mines .. 8% en
1% 9% 15%
Pac m Fish oe
8%a 81s . 8 Ya 85%
Oil Pure O 5 pf . 45% 1% 1 63Y4 1% 22,
10Y2 30
Te Rand pf Fi Rm Ran ww Reo Mot Tie wei . Republic Stl . Revere oop Reyn Tob B
- - . NC]
Jeo - ECT
BIbs ps
shbit) PE HH CS EREEEEE
CORI CI CI Py
Telautograph oe Texas Corp ... Tex G Sul .....
4
TERE
. he oo» - SE
Se
120
ZT Van_Raalte .... 24} Va IC & C pf FH 12Y Vulcan Det Fun 90%, Hi al Th reen 22% 22} jalker H GEW 29% i Ling Bros . 3 :
&
x Fee
18 35% 1% %
112 5%
£ $ . = EEF
Wk A MN A N A A A A A A A A
HHH HE | HH
104% 101 29 17
. . . .
i /heel St . /hite Shoe! ven Rock ive Querind. /ilson pf ..... oolworth .... 32% —Ye Yale & T .....-22 Yellow Tr . 17 Fount Bul Uf Young Stl fbr. 11% —— 2%
oY SEES H+ HH]
v0
wm BT)
or
Id pd rab =F
Zonite ... 2%
FOOD PRICES
CHICAGO, Dec. 31 Mich an Janothans, bu.
Pa iz oe Sa 8
rots—Califor ote e-Arizona crates Ss, $203 60 po i, 4 Towa Shia 80c: Colorado 5-1 Spanish, $1.30. :
LOCAL PRODUCE vy breed hens, 2% bareback hens, bareback Leghorn a) hite Rock Spring. other Colored heavy breed s sprin ct ge hE PE barebac ndiana Grade A re eggs. o23e; n-
dias Grade “A me edium Grade A and No. 2
Butter—No. 34c; butter fa tN
2%
90c.
ergs. Nt No. gl io, fates 5% ub 2. 38
L576 untry Piekup pri
-lof the session.
. - | Lumber ‘ industry activity
ped
A a 15% 1.50. 0 Celery
wt 4
1938 1939 1940
MOST STOCKS - GHANGE LITTLE
But Sonfe Special Issues Gain on: Selective Buying.
NEW YORK, Dec. 31 (U. P.).— Year-end factors held the main stock list in a narrowly mixed rahge today, but strong selective demand came into special issues and wide gains were marked up in some ine stances. Trading was below yesterday’s pace. Universal Pictures 1st preferred jumped 11 points to a new high at
t o|128 in reflection of.a court-decision .|denying a temporary injunction
to restrain the company from accepting tenders of the stock. American Sugar Reflning preferred Spuried 4 poinis Iollowing declaration of a dividend on the oe
+|the first since 1938, and Pittsb
Coal preferred rose 5 points to a new
# | high. Savage Arms was Jid up more
than 2 points to a new 1940 top, and Island Creek Coal and Pocahontas set new highs on gains ranging to more than a point. International Business Machines ran up 3% points. Albany & Susquehanna Railroad sold at 100, off 15, in its first trade in some time. lost 3 points. U. S. Steel with a minor loss and Bethlehem with a small gain keynoted dealings in the main list. Leading motor, copper and utility shares had small losses, while mixed trends prevailed In other major groups. :
"WHEAT PRICES FIRM
AT CLOSE OF TRADE
CHICAGO, Dec. 31 . P).
®| Wheat futures on the Board of
Trade developed a firm tone after fluctuating nervously a great deal Other grains fol-
lowed wheat. Volume of pit trade, however, was small with pre-holiday dullness prevailing.
Wheat finished the day up % to 3, May 87% @8T7. Corn was up % to 1%, Ma) 63% @63%; oats 3) % to 1, May 37%, asked; rye™up ? 3%, May 473%, ‘and soy beans up 2 to 1, May 94% @94%.
WAGON WHEAT
oi9jsnanolls grain elevators are paying No. 1 wheat, 83c; subject to market change; other grades on oy merits. Cash 3 s+ New No. 4 new vellow shelled corn. 54c; new No. 4 white shelled corn, 58c; No. 2 white oats. 32c.
: REORGANIZATION OF
ERIE ROAD APPROVED
CLEVELAND, Dec. 31 (wv. PJ). — Federal Judge Robert N. Wilkin yesterday issued an order formally approving a reorganization plan for the Erie Railroad. The company will send copies of the plan to all holders of Erie securities and - the Interstate Commerce Commission will poll the stock and bond holders. An affirmative vote by all classes of security holders will be tantamount to declaring the plan operative; it was .under-
7 stood. The ICC was ekpected to complete its tally of security hold-
ers within 90° days. Capitalization!"
4 would be reduced from $490,953,630 alto $332,692,250 and fixed charges
from $14,368,842 to $11,827,681.
LUMBER BOOKINGS
WASHINGTON, Dec. 31 (U. P.).— in the week ended Dec. 21 was sharply below the level of the preceding week, but recorded gains over the corresponding week of 1939, according
the National Lumber Manufacturers Association.
the Christmas Day holiday last week hampered collection of data from mills throughout the country.
U. S. STATEMENT
WASHINGTON, Dec. 31 (U. P.).—Government expenses and receipts for the current fiscal year through Dec, 28, compared with a year 0:
his Yea Last Yea ..$5, 0aT. 85.3 390.30 $4,737.700,566.40 -2,899,850,331.87 2,735.,816,551.65| 5 2, Te1. 635,058.43 1,991 .884,014.75 158 2 308. 43 4.75
joselp et. Def ..
Pu t..44,999,508,525. Gold Res. an 981,693,552.32 1 Customs .. 155,903,781.34
INDIANAPOLIS CLEARIN G HOUSE Today
Gleatings Es Ease sea 4,214,000 Debits ..ivetaciiineansa ee eeine ,220, ** This Month Clearings sassssesinninyanssse 102,054,000 Debits ..:.q 255,988,000 ‘This Yeur
Clearings as..covvevenns ave ein's 1.062,196,000 | & Debits . 2,631,771,000
FOREIGN EXCHANGE
NEW YORK, Dec. 31 (U. P.) —Following are noon cable rates on major SuIIencies: Ca hls Rates Net he.
'175,940,028.13
cone asses cescede ) see oe serene setsacen - Sees vann
Cebenns ceessaae
Schenley preferred
AHEAD OF ’39 LEVELS
to incomplete reports compiled by ®t
The Association pointed out that|®
h of 9 shares
WAR TO ALTER "U.S. BUSINESS, BANK BELIEVES
Guaranty Trust Co. Says ‘Effects Have Hardly Begun to Appear.’
American business will be called upon to make “far-reaching readjustments” in 1941 to cope with the economic changes wrought by the war abroad, the Guaranty Trust Co. of ‘New York predicted today in the current issue of “The Guaranty Survey,” its monthly business and financial review. The survey stated that 1940 was | the best year in American business history, as measured by industrial production, ‘but emphasized that it was primarily a period of readjustment and that the effects of world developments in the past year “have hardly begun to appear.” Principal effects of the war on the United States’ economy, the survey said, were shifts in foreign demand that altered the nature of our international trade without reducing its volume, and the defense program which stimulated production, employment and national in-
come. . Results ‘Superficial’
It emphasized, however, that these results are only “temporary and superficial consequences , . , of minor importance in comparison with the destruction; waste, economic disorganization and political upheavals that have been and will be caused by the war.” “The ultimate effects cannot be foreseen in detail, since they will be determined in part by the duration ‘and outcome of the war and by a multitude of other unpredictable factors . . . but the broad consequences of war on the world’s economic life are sufficiently well known from recent experience to afford ample ground'for the misgivings that unquestionably exist concerning the long-term outlook.”
Debt Increase Foreseen
Commenting on possible fiscal problems to be faced in this country, the bank asserted that there is likely to be a “greatly accelerated increase in the national debt and hence in the investments and de‘posits of the banks.” “If the cost of rearmament even approaches present estimates,” observed, “it is difficult to escape the conclusion that most of it muct be raised by credit expansion.”
URGES DOUBLING OF AVIATION GASOLINE
NEW YORK, Dec. 31 (U. P.).— A three-point program to double the United States’ production of 100octane gasoline within the next 12 to 14 months was outlined here to-
of the Standard Oil Co. (N. J.). construction program to enlarge the
gested that. refiners step up the lead |c content _of aviation gasoline by 50 per cent, from the present limit of 3 cubic centimeters per gallon to 41% CCS. The third point, Mr. Farish said, would involve purchase by the Government of all excess supplies as
cilitate this he recommended that the Defense Commission and the Army and Navy provide adequate space to store the gasoline as it is produced. Mr. Farish’s . recommendations were presented, in his capacity as chairman of a committee on defense policies of the American Petroleum Institute, ‘in a letter issued to 15 major refiners who are now producing aviation gasoline. He pointed out that while the in-
particular field is more than adequate to meet all needs during 1941, installations of additional refining equipment for the manufacture of 100-octane fuel might “wisely” be started immediately because greater quantities probably will be needed in 1942,
Incorporations
International Machine Tool Co., Inc. Indisnapoiis; 2 nendment changing’ name Ne ne Admisison of H. P. Cigar Co. Inc. a Maryland raiorion: resident agent, O. Terrell, 1616 N. Illinois St., Indianapolis; sale of cigars at Pe holesale. ange of location and resident agent of National Bondholders Corporation, Delaware corporation; Sfent. Jacob Merchants Bank Bldg.
dent agent, William dress; capital stock, value; general contractin jjam, B 'E. oer, William H. Fidler, Henry Dissolition of Steelcraft Corp., Mich-
ty Goodyear Busiveering Corp., 1511 Merchants Bank. Bldg., India napolis; resident Jae Alte. "Merchants Bank Indianapolis: capital stock,100 shares of $100 par val ues, 7. olemar engineeri ng business; Edward B0leinan, George Forrey, Eileen M. With Arenal of ‘Joby oy we Shaw Co., Inc., Illinois corporation. uire, Inc.
Ch a dent agent, W. f Commerce
business;
m Re Indianapolis; general oil and gas usiness. ark Store Corp., 3207 Mishawaka Ave. South Bend;resident agent, Paul A. Pfleeger, R. R. 1, Oscelo; capital stock, 1000 shares nopar value;general variety business!; Paul A. Pfleeger, James E. Hupp, Irving Hupwich. Amendment to articles of elaware corporation, National S Br ducts, Inc. Motor & Axle Parts Service, Ly State 8t.. Hammond; J2tent Kaelin, 5231 Hohman Ham a 30 00 $100 par Value: ‘deal J oy mo kinds of automotive "parts; Hugh C. K Vv Amend: tion. Hicks Bo $50 per value, 10, Dissolution of the Indianapolis Switch and Frog Co., Indianapolis. Amendment to articles of incor sHoration scon
Lakeside Bridge & Steel Co., OSteel Kos Cartage, ‘Inc. 137 Sutled e LA ent, Andrew J. Binder, 1258
St value;
incorporaarch
850
St., Gary: Adams, Ty: gen neral trans ohn Ignatz,
GUARANTEED
4 NTL
Yad) IAT VE LOW PRICES
00 hh ho var RE Andrew
ITE RY
Oldest Loan Brokers in
the State *
The e CH HAL
T- WASHINGTON ST.
ILL. on Everything!
Diamonds, Watches, Autos, Cameras, ~ Clothing, Shotguns, Ete.
JEWELRY CO, Ine.
NEW YORK, Dec. 30 (U. PJ). =|
it |
day by William S. Farish, president |G Mr. Farish proposed a $30,000,000}
o | national refining capacity and sug- 1
fast as they are produced. To fa-|Good—
Binder, |
There will be no extension of AAA loans on 1940 wheat stored - in elevators and warehouses in Indiana, L. Marshall Vogler, State AAA head, announced today. The eight-month period for most loans will expire in February, March and April. Most farmers will make a profit by repaying the loans, which average about 173 cents in Indiana, and sell at the present market price around 84 cents.
PORKER PRICES
10-t0-25-Cent Reduction Pulls Top Quotation Back to $7.10.
Prices for hogs were reduced 10 to 25 cents at Indianapolis stockyards today, lowering the top from $7.35 to $7.10, the Agricultural Marketing ‘Service said. Hogs weighing 160 pounds or more had the 25-cent reduction while tae dime cut was made on lighter weights. Vealers also sold lower, the top falling te $13.50 as the result of a 50-cent to $1 reduction. The Marketing Service reported 1315 salable cattle were received, 776 calves, 10,500 hogs and 1020 sheep. ~ (30% Been
ctcescescp ee ®0sgsccccee
Barrows and Gilts | Good to Choice | Goo 120- 303 5.50- 6.00 300 300 40- 160. S00 $30 300- a.
Packs Sows
4 TH 89 $90 5.50- 815
5.40- 5.60 .30- 5.50 25- 5.40
250- 500. 4.75- 5.50 40. 6.50- 6.60 Slaughter Pigs Medium and Good— 160m 200. 6.25- 6.75 90- 120. 4.90- 5.50
Slaughter Cattle & Vealers (Receipts, 1313)
Steers Bulls Choice— 1 Yearlings excluded) 750- 900 3. 50-14.00|Beef— 7.50- 8.00
900-1100. 13.25-14.75/Good... . . 1300-1300. 1325-14. T5Sausage— 1300-1500. 7.50- 7.15 6.75- 7.50] {,
6.65
13.50-14.7. ond. 5 SiGe um. .. 0. 1050-12. soiCutter and . 10.50-13.2! 3 common . 10.50-13.2 Vealer . 10.50-13. 5 Sood and choice.. 13.00-13.50 8.00-10.50 Common and - 8.00-10.50| medium. 3 .50-11.50
Common-— | 750-1100. 7.00- 8.00 and Stocker "cattle Steers, Heifers Steers Choice— (Recelpis, (Lid 500- 750. 11.25-12.75/Choic 9.25-10.00 9.25-10.00
Good— 500- 750. 9.50-11.25 8.25- 9.25
Heifers 8.25- 9.25
TOC500. 11.00-12.35M a= A 7.25- 8.25 6.00- 7.25
9.50-11.00! oY 7.75- 9.501 yh (steers) d and choice— down. 9.00-11.00
7.50
750- 900 Medium— a: 900. Common— “500- 900. 6.25- 7.75] 50
50%. ‘down 8.00- 9.00 6.75- 71.75] Calves iors) 6.25- % 751Good 2h choice— Cutter and
| 5 wn. 8.25-10.00 gommen 5.00- 6.25|Medi Canner... 4.00- 5.00! 500 own. 7.00- 8.25
SHEEP AND LAMBS (Receipts, 1020) Lambs
Sood . Medium. |
Good and choice Medium and good .. Common
dustry’s present capacity in this Motu
WAYNE, Dec. 31 { 10@156 lower; 220- 240 lbs $6.90; J30-200 4b
3 1bs., y roughs, 3% 30; stags, $4. 25. Calves, 13, Lambs, $9. CINCINNATT, (U. P.). w, oa Receipts, 4250; Pe 160 lbs. up, A 3% lower than Monday; lighter, we reighs, c lower; sows, 25¢ off: 140 Re [email protected]; Sows mostly Yi. Kot 5.25. Cattle—Recei pts calves, 250; Particularly 2gkh ive but, ‘about steady; comon steers and . heifers a thos kinds down to 11s mostly [email protected]. ; quoted steady on g an Lhojce Be DID estern wool lambs lis: from [email protected]; slaughter ewes, $165
SEAT. SELLS FOR $450 NEW YORK, Dec. 31 (U. P)—A membership on the New York Commodity Exchange, Inc., was reported sold today for $450, up $50 {rom the last previous sale.
STEEL SCA
LOWERED HERE|
6.00- 6.75 iy
of GREATEST SIN 1ST WORLD WA
But Would Priorities Help Or Hinder Situation? . Magazine Asks.
CLEVELAND, Dec. 31 (U. P) Scarcity of steel at She year end the most pronounced since the World War and observers believe that this situation ray bring closer the imposition of priorities ‘by Washington, the magazine Steel sald : today.
The authority stated that there: ia | question, however, whether the probe able confusion caused by the Gove sated for by greater benefits. The tightness in the supply, t trade journal said, overshadows ments, sales and prices.” The industry would feel more aged, it added, if at least some “Even subsidiary sabriating ui come panies of parent steel makers,” the magazine stated, “cannot get suffi= their home supply sources.” ot Coke Famine Staved Off 3 } The publication said one encour off of .the recently threatened fami ines in coke and pig iron. This fage tor, it added, may set an still be merely a question «of proper distribution as to consumers, dise tricts and periods of time. hao more careful than ever on sales for second quarter or beyond to prices at time of shipment, the ai nate belief” of producers that prices will be higher. ag Higher Wages Expected | tinued, “is the fact that C 1.0 wage contracts expire in Feb and may be renewed at higher levels,
ernment’s move would be Spe + other factors of production, 18 were in sight. ; cient steel, particularly plates, from aging note, however, was the staving or the industry generally and it may ‘The fact that steel makers are thority said, is interpreted as an “in “Contributing to this,” Se. cone though Washington and industry are. i
prices.” The publication reported steel pred
per cent of capacity compared with ; 75.5 per cent in the corresponding
a 1939 week.
00| The magazine's steel scrop 10,500 | Posite advanced 9 cents last .wi
to $2146 while the iron and ste composite rose 11 cents to $38. The finished steel figure held ua changed at $56.60.
Ho s-Reviphs, 24,000; Renn 10c lower; later trade gen
off: to top. $7. lo, Dulk ood 4 and a ‘cnotes, 4 SE EL $6.75 90; ‘80 ne 70-310:h, erages, JE g ome acking oh 00 ‘lbs. down mostly. Tne: Tow eights a around $6. S00; calms, 1200; 1 red Steers predominated in yearlin; Fade. uneven! scarce: or
Whevenly steal v to a Jowels most= 25¢ to |
a aavelpts
own wel nt WY choice Hinds: and"
choice Jeariin S Sleadyl rim held above $15.25 Yor loads
weighty yo SEN well Ye he bulk 1100-1300 1b. steers either Lh this -or bid lly 25¢ down; few ei sales at [email protected]; steady to weak; : i} sheep stock scarce, steady; h fers fresh receipts receipts ver 990 Ibs. heifers held 235
sausage bu s, for Suistanding firm early $12.50@13:;
$12 down; thin stock cattle very scarte. choice few “Western and native, Sod trade; fat lambs generally sti i Soars hs: ore kind held upw
ht i medium weight Kind closed 235¢ Jower 2 ‘at Sheep—Receipts, S00; late Monday lambs around 25¢ lower; bulk rit few loads, $9.70; sheep sisady; “8ou handy weight Western ewes, §9%d a8 and choice Sandy igs ts. medium good ard to $9. steady; small lots native fed Western ewes, [email protected].
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