Indianapolis Times, Indianapolis, Marion County, 8 January 1941 — Page 17
hy
i j i } { J
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| | | | Il 1 | | |
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b
! velopment of Lovejoy shock absorb-
| ment explains this year’s relatively | low hog prices this way:
| for pork and lard, and there is an
| oils which || There are also some | that | for | to the demand for pork. Also in
| marked increases in the cast of pro- | cessing
| 4 | | i i |
~ average (at the end of June) was of» $196 a person compared to $168, the
| I
i
BUSINESS
l | f i i A 1
Much of His Training in Indiana Plants
meee By ROGER BUDROW | THE NEW PRESIDENT OF GENERAL MOTORS, Charles E. Wilson, received a large part of his training for the presidency of the giant corporation by his di ection of the firm's Indiana subsidiaries. : After he left Westinghouse in 1919, Mr. Wilson became chief engineer and sales manager of the automobil division
of the Remy Electric Co., a G. M. subsidiary with eadquar-
= EEE WALL STREET LIKES BUDGET
! io Ind, to become chief enStocks Rise Fractions to
ineer. There he initiated a re{esigning program that helped put More Than $1 After | F. D. R. Message.
the Remy Electric Co.’s operations ‘on a sound financial basis. Two years later, Jin 1921, he was made factory manager and in 1925 became general mana - ger. When DelcoRemy Corp. was formed by add-|-
ing the Dayton ee Street’s ‘first interpre ation of tae President’s budget message today
| C. E. Wilson I Laboratories Co., Ll Mr. Wilson headed that firm em-|Was bullish and the stock market rose fractions to more than a point
loying about. 12, 1 lo g u 000 people at that in moderate trading.
Railroad issues were (strong. Rail road bonds were actiye and firm. Steels, motors and special issues made good gains. oH Demand for rails was based on anticipation of little change in the excess profits tax setup, which favors carrier shares. ings total points higher (for last week as compared with the previous week. Dow-Jones estimated operating at 102 per cen and the industry generally at 97 per cent. The American Institute reported 1940 steel production at a record high. Numerous: other favorable industrial items were in the news, inelliding a rise in electricity outpuf, &
i Mr. Wilson then directed the de-
ers, industrial motors for refrigeraion and washing machines, automobile lamps and Delco batteries. At J4he end of 1928 Delco Remy was ' foe ena in four cities. Electrical equipment was concentrated in Anderson; shock absorbers and industrial motors in Dayton, O.; automo-' bile lamps in Anderson and Cleveland and batteries in Muncie, | In 1928 Mr. Wilson was made a vice president and transferred to (Detroit. Then he was especially interested in acquiring properties to ‘expand the corporation's activities and in developing its parts and accessory business. He was the one | who arranged for the purchase of | the Allison Engineering Co. in In- | dianapolis, the division into which | the corporation has poured millions of dollars for making warplane | motors.
December just announced by the Federal Reserve Board sales for General Motors Corp. ancl capacity operation in textile mills: EJ 3 ”
THE AGRICULTURE Depart-
There is weaker export demand Increase in supplies of vegetable compete’ with lard. indications he domestic consumer demand eef has strengthened relative
President Roosevelt gress today a 1942 fi culture Department pudget calling for appropriation of $1,175,905,000 to maintain the farm rogram at its present level. The President for ithe first time directly asked an appropriation) ior parity payments.
al-year Agli-
recent years there have been rather
and distributing meats which have probably affected hog prices more than cattle prices. : 8 #8 =» ODDS AND ENDS: In the 12 months ending Oct. 31, the average customer paid slightly less than $3.03 a month for electricity, Edison Electric Institute says. . . . There are about 22 million telephones in use in this country, nearly 17% "million of which are those of the A. T. & T's Bell System. During 1940 the increase was 949,000—an unprecedented - gain. . Only 336 million bushels of grain were traded on the Chicago Board of Trade in » December compared to 444% million in November and 1,107,000,000 in December a year ago. . . . Machine tool industry’s drive to step up production is being hampered by reluctance of workmen to go on a third shift, American Machinist says. . . . Federal Reserve Bank of New York made a net profit of $9,555,000 in 1940, more than three times as much as its dividend needs. . . . One in every three persons has a savings account and the
ments of an additional 162 million dollaxrs to be formally requested later. - The $211,866,160 total would be the same as for 1941.
Farm administration
have in mind a later request that Congress finance the additional 162 million dollars through new taxes. Talk of the certificate plan reseibling processing taxes was revived.
Previous appropriations for parity payments intended [to aid in restoring farm income fo its .1910-1¢14 purchasing power have been initi= ated by Congress over Mr. Rooievelt’s protest that additional revenues be found to finance that aid.
BUSINESS AT A GLANCE
By UNITED PRESS | Oil & Gas Journal places Week ended Jan.4 domestic crude oil production at 3,358,965 barrels daily, off 10,775 barrels from previous week. ‘Engineers Public Service Co.| &nd subsidiaries 12 months ended Nov. 30 net income $3,278,163, equal to
low point in 1933, American Bank.ers Association survey shows. ‘Egypt is telling her farmers to grow less cotton because it will be hard to sell it in a warring Europe. Between 93 and 95 per cent of her crop is usually exported. . . . Chain stores and supermarkets have proved beneficial to both farmers and consumers because the best way to increase farm income from food and at the same time lower the cost to consumers is through greater efficiency in marketing, A. C. Hoffman and F. V. Waugh of the Bureau of Agricultural Economics believe.
TWO REFRIGERATOR FIRMS CUT PRICES
' NEW YORK, Jan. 8 (U. P.).—The General Electric Co. will offer its 1940 stripped six-foot refrigerator this year at a price $10 below last year’s level, it was announced today. At the same time it was learned that Westinghouse Electric: ‘& Manu-|; facturing Co. has established a price of $119.45 in the New York area for its six-foot refrigerator. Originally this model had been priced at $119.95 with reservations to change the price as a protective competitive 1..easure. In the New York area the General - Electric six-foot 1940 stripped box will sell at $109.75. It will be $5 cheaper in some other sections of .the East. The 1941 stripped box will retail at $119.75 here and at $114.75 ir. other areas.
Incorporations
- City Eaginesrifig Co., mea. 24 . Georgia ., Indi napoli; jgeh McHollansworth, 4815 East “ashing. St., Indi ; 100 a no par value; operate machine shop; Harlan D. Morris, Mcersel Hollanswori, Walter Kiter, Joseph Johantges Louis Chol chos, Stade-mark. (New SS 45: and ingredients of foods. Biver Fleet Athletic Club, Inc., 411 Jamisol S%. Le Benen; agen WM
Be ville, addre fraternal: Robert Beville, SHarold. D. Bloom, Elm: © Norrington imi Masonic T Temple Assn., Kokomo; re Ty P a Ganstrietion iy Inc., Gary; dis-
or $1.58 previous 12 months.
Nov. 30-net profit| $456,915, equél to $2.19 a common ghare, vs. $449,076 or $2.04 previous year. Montgomery Ward & Co, Inc, December sales $10,850,185, vs. $66,025,061 year ago, up 7.3 per cent; 11 months $512,514,216, vs. $471,840,169 year ago, up 8.6 per ceat. Walgreen Co. 1940 sales $75504,086, vs.” $71,273,027 in 1939, up 6.1 per cent; December sales $8,440,131, vs. $7,985,504 year ago, up 5.7 per cent. Chicago, Rock Island & Pacific Railroad Co. November net [oss $378,823, vs. $563,055 year ago; 11 months net loss $5,687,886, vs. 37, - 781,959 year ago
NEW yone. an. 8 (U, P.) ~=dun |;
32 average equals 100):
Yesterday ecececpeccccccanccss Week ago . Month 8g0 ..sepescssreseess 1420
1940-41 high (J n. 6, 1941). 1940-41 low (Aug. 19) ....... 132
Ad Cluk b Speaker |
42]
ca gFyation My.
Lytle, James E. Crozie John H. Gans, Chatles
ick Co.. Delaw Tavi hn of articles war tn rpora-
mber Co., Peru. amendment in | graaing “capital stock to 300 ‘shares of General A Ie * Distributir (Corporation, sou uth Send, amendment, of articles’of in
CO] . Yette County Aook, Co,, In (Connersville; agent,”
BE Tle, “stock. jo Bou x Dono ghue,,
Ray Maxw id of St. Louis will discuss railrpad ' advertising and public relations wo, the Indian: polis Advertising Club’s luncheon torjorzow at the Indianapolis /ithletic Club. Mr, Maxwell is ailver-
1
Assopiated ties, : AC. Wa A — capital stock
d bl ob. gai
New General Motors President Received
record production index figure for|4
, record high |4
Jon | Budd Wheel ...
3 dor Chrysler $49,866,160 in cash for that purpose and authorization to| make commit-|E3i3at
officials & nt speculated that the| President thay |&
Corn go n Prod pi. |
oty Crene Cr: Cru cit ble St Curt
Sur tiss-Wr Curtiss-Wr Al
$1.57 a common share, vs. $5,201,520° $
Manhattan Shirt Co. year enced |S: W
DAILY PRICE INDEX|:
144.24 seat sivensveses HOMday
.. 102443 C + 174.98 N at
{Pan Am A: rway 15% Paramt Pict... | Penney...
European Food Shortages
DENMARK <p = lo
NETHER-| LANDS '
TP =r 0 @ BO
NORWAY Lo
ap 0] 3
POLAND () a2
fl oa
P= @
Brevd . Fats, Oils Sugar
>So]
Tea I Eggs _ Milk Cream Fruits
“J Definite Shortage
@
TJ Rationed or Restricted
Western (Europe enters 194 result of thé¢ British blockade season of pcor crops on the in the three major warring pi
1 with scanty storehouses of food, the the German counter-blockade, and a ontinent. yswers and in the nations conquered by
Chart shows food shortages
Germany that at mid- winter | are reported getting hungrier.
Close C
SaRaSRe
LT rt eh nd TAeIWIRHIDN
i i 19%
21, fi 5% 230% 24
34% 17% 32% 19% 19% 1
Bd pt Brass ... 12 & Ya 812 19% 4%
Burroughs .. Bush T B pf ci f 1 Butte Cop & Z 4% alle Calumet & u | . Va i Jo 12Va
cole 38 Caterpiliar T i. « 13% Celotex % Cent Foundry |. 2a Cerro _de Pascc. ¥ 3
ps
ooh
th ee DIDI IO Cd CS ed ed @. . Nl
TR
— 8 LO BO
Co 1 Z ne Co ev By 10 x 3,
@ a
SNES
Dome Mines I: 16 Du Pont 163% 163% fe Elec {.. 16% Elec Por 5 4s El Pw&L §6 nf. 28Ys End Johns .!.. 43 Eureka Vac i.. 3%
fa
[oy i wan Ns
19% 28 i 43 3%
Fed Minss . 24% Fed Dep S . 20% Fid Bren eihes 38 Flintkote 14Y, -14% Florence Stove. 33% 3%
Clee
24% 20%s 38
Gamewell Co! .. an Cable p Gen FP
Gen Gan
Saas gene a
Greyhound . 113% Greyhd 5% 2h - 11% Grumman Alf ET fl . 15%
33% "30% 52%
Hall Print ... Hayes Mig Holland Furs. Homestake .... Eupp Motor |...
13% 301 52 Ya Ya aan 18 vhs cts Md.. 6% Ag pr pi
6Y2
cretorcrctercrcr i
Bed Jot md ed od fd ff 1d Bd 1d asa 00.0
7 . | 321; 32%2 Fe . 622 62%; lo 36% 36%
217% 2 1, a ie a
@ a ®
Johns-Man ..
Kennecott
Laclede G ". Do, sdeee 1-O-F Glass +. Lima Loco aes
44 13 28Ya 16}
1+ + 2
[+++ ++ +H
. . . . . .
— Otis Elev ....e0 «17 17% Otis Steel ... at a wo 40 3% 15%
Pacific Lig ,eeeo Packard
38
Penn RR >hillips Pet rts 1-64 Phelps pn - 98 Pitts Coke ron. progies r & . Oil
Pure ° 5 pi.
08 ID COC pt 1 Ct bn
FREESE
FR PRR LN
il iB... Ri ter Der ees. 8 Safew
SiR FSFE
Fs
aIp } South Pac .... Std Brands ... Std Oil Ind .
aan I: ++:
#
Ba, CEE 1 8 eve
Boo SS I++:
He 0.
3% Ars gg
+: 1:
EE 5 2
tHE IL
. STOCKS
(NITED PRESS
Net hange
Ys 1a Ya
Ye
k 'u “ye yy
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday +0.19 Week ago—Holiday. Monta agy c..cccceenne sseee Year ago High. 1940-41, 152.30; low, 111.84, High, 1930, 155.92; low, 121.44. 20 RAILROADS Yesterday .......... esesseee Week ago—Holiday, Month agn ..
40.39
15 | Year ago
High, 1940-41, 32.67; low, 21.14. High, 1939 35.90; low, 24.14. 15 UTIL.LIES Yesterday 20.07 Week ago—Holiday.
Month ag.
s | Year ago
* | cent;
High, 1940-41, 26.45; low, 18.03. High, 1939, 27.10; low, 20.71.
: Net - High Low Close Change
Jain carb “es 70% 14
} !
Ya
Ct CF DD
Rojee PUEDE HE HE
wo
wilson pf ..... Woolworth ..e.. 34%,
ee Yee 16% 40%
16% 402
Yellow Tr Young Sheet ..
"WHEAT MARKET HAS
A FIRM UNDERTONE
CHICAGO, Jan. 8 (U. P.) —Although prices for wheat on the Board of Trade covered a narrow
® | range, the market exhibited a firm
undertone today. Corn was irregular while other grains were steady to firm
At the end of the first hour, wheat was up % to 3% cent, May 873%c. Corn was up % to off % oats unchanged; rye up % cent and soy beans up % to 1 cent.
WAGON WHEAT Indianapolis grain elevators are paying for No. 1 wheat, 84c; subject to market change: other arades on their merits, corn: New No. 4 vellow joeted corn. Sc: new No. 4 wh te shelled corn, 58c: No. 3 white oats, Nate
LOCAL ISSUES
The {ollomns Shctations by the Indianapolis Bond & do not repre. sent actual price of offeFIigs. but m indicate the approximate Ih based on buying an and selling quotations of recent transac
Bid % 54
Stocks . Agents Finance cor com....
& Sik J¢ Belt RR & Ys p Central Ind Sho w ha pid.. Hook Drug Inc co Ft Wayne 7% vid. 8 1
Conc waa
| ieasones. A
Van Camp P! leon Van Camp Milk com ...... Bonds American Loan 5s 51.... American an 5s 46 Citizens LW, ® Te 4Y, Hom 8 Ll or
1] Home Be ol Wayne 5% Tal =, -'] Ya Home "Tal F BS Wayn 4 a
AE
Hose! or hs 4 N ind Jub Setv 3%s 69 n Pub Serv. Co of Ind 4 60..
PENNSYLVANIA COKE OUTPUT IS DOUBLED
PITTSBURGH, Jan. 8 (U. P.). — Beehive coke production in Pennsylvania during 1940 was more ‘than
1939, according to figures released by the Bureau of Mines. “Total production for the state was 2,359,000 tons in 1940, as compared
a ith 1,126,000 in 1939. National pro-
duction last year amounted to 23840,-
is centered in the Uniontown-Con- |*® nellsville area.
UTILITY HEAD RETIRES
ALTOONA, Pa, aan. 8 (U, P)— J. Harry 70, president and general manager of the Pennsylvania Edison Co. with headquarters herd, today announced his retirement, effective Feb.:1. Mr. Shearer
| will be succeeded by. E. H. Werner, president,
now vice director and T Metropolitan
+0.31,
..-|Chicago hotel operators,
400 tons, while the 1939 output was Te $11,444,300. B The coke industry in Pennsylvania
AIR FREIGHTER
PREDICTED BY AUBURN CHIEF
Woodhead Believes: They Will Replace Bombers After War.
CONNERSVILLE, Ind, Jan. 8 (U. P.).—Transporting of freight by air in huge “air trucks” was envisioned last night by Harry Woodhead, newly appointed president of the Auburn Central Manufacturing Cor Re here. Woodhead, also chairman of ar board of the Vultee Aircraft Co., Downey, Cal.,, spoke at a dinner celebrating Auburn Central's establishment of an aircraft parts division in conjunction with national defense. Asserting there were military bombers being built today. that could transport freight, Mr. Woodhead said when the European war is over “giant airfreighters would ply peaceful world sky lanes, replacing the death dealing destructive bombers now featured in the headlines.” Mr. Woodhead said war experfence had brought “tremendous progress in aircraft design and mass production methods,” and predicted that as a result of experience “we will be able to fly faster, farther and carry heavier loads” than ever before.
PLAZA HOTEL
Chicagoans From Mrs. Perrin of California.
The Plaza Hotel at 231 N. Capitol Ave. has been sold to a group of it was learned today. Sale price was not disclosed. ‘The Plaza, a 150-room eight story hostelry built at a cost of $100,000 in 1915, was owned by Mrs. Hervey Bates Perrin, formerly of Indianapolis, who now lives in Pasadena, Cal.
Purchaser was the newly-formed Capitol Plaza Hotel Corp. of which Julius Burt of Chicago is president. Other members of the corporation
{s|are Morris Needlman and Harry
Hurvitz, also of Chicago. Joseph Charles Shaf Jr. will be
s |succeeded as manager by Fred R.
Berger, formerly a hotel manager in New Orleans.
»HOSMER STOKOL CO.
IS FORMED HERE
A new corporation has been formed here to distribute SchwitzerCummins products in Indiana and western Kentucky. George H. Hosmer is president
Stokol Corp., with headquarters at 818 Massachusetts Ave. Mrs. DeLoscia R. Hosmer, his wife, is secretary and Edward O. Snethen is vice president. The firm will take over the sales and Service staff for this area. There are about 110 dealers in the territory. The company has issued 100 shares of preferred stock of $100 |g
mon stock, no par value.
LIQUID CARBONIC CO. BUYS 2 COMPANIES |::
CHICAGO, Jan. 8 Liquid Carbonic Corp. has acquired the business and assets of two companies operating in the oxygen and |$
a acetylene production fields, it was
announced today. The business and assets of the Independent Oxygen -Co. of Cincinnati have been acquired for cash and merged with Liquid Carbonic’s wholly owned oxygen subsidiary, Wall Chemicals Corp. Wall Chem- |} icals, Ltd., operating in the oxyacetylene field with plants at Montreal, Toronto and Windsor, Canada, have been acquired for 16,100 shares of Liquid Carbonic capital stock and a cash payment in Canadian funds. The facilities of Wall Chemicals, Ltd., will be operated by a direct subsidiary of Liquid Carbonic, the Wall Chemicals Canadian Corp, Ltd., organized for that purpose.
NEW RECORDS SET
CHICAGO, Jan. 8, (U. P.).—New sales records for December and 11 months of the fiscal year were reported: by Sears, Roebuck & Co. Sales for December reached $95,874,765, an increase of $13,447,626 over December, 1939. For the 11 months from Feb. 1 to Dec. 31, sales
$82,097,088 over the $617,239,861 for the same period of a year earlier.
U. S. STATEMENT
WASHINGTON, Jan. 8 (U. P.).—Govern ment expenses and receipts for the current. fiscal year inroygh an. 6, compared with a year a
Expenses ts
is Yea Last Yea .$5,388,674, 360. 28 $4,918, 318, 326. 98 Receip Gross def. Net def. Cash bal .
gE Work. bal. . :
10 .50- 1, Pub. debt. .45,067,772,482.07 41.99 , Gold res. ..22,022,485,344.06 17.73 s Customs . 163, 726,335. 335.2 ea n
INDIANAPOLIS S CLEARING HOUSE
100 per cent above. production in|Clearin
Debits
FOOD PRICES
CHICAGO, Jan Ua ni TE Cel Michi an Sonathans, 9, @1. Cal igan CE 0 ne
03328 gt, panach = rrots—Califor 40, gh
HERE IS SOLD
Buy Property
and treasurer of the firm, Hosmer com:
par value and 1000 shares of com- (3
(U. P)—|}
BY SEARS, ROEBUCK |:
1921 1928
The corn-hog ratio is the number of bushels of corn equal in value to 100 pounds of hogs. Large numbers of hogs coupled with
relatively high-priced corn. broug ratio during 1939-40, according to Purdue.
higher hog prices this year a more
ht about an unfavorable corn-hog But with prospects for favorable ratio is expected unless an
inflationary rise in grain prices occurs.
PORKER PRICES
ARE UNCHANGED
Top Paid Here Remains at
$7.55 as 8500 Hogs Arrive.
Hog prices were unchanged at Indianapolis stockyards today, the Agricultural Marketing Service re-
ported.
The top remained at $7.55 for good and choice 220 to 230-pounders. The, Marketing Service reported 1587 salable cattle 461 calves, 5000 hogs
and 651 sheep were received.
Dec. 3 10
Packing Sats 1Soo0d to Ci
Barrows and Gilts | Good to Choice 120- 140 $ 6.00- 6.60! 140- 160. 6.50- 3 30 3 . g 10- 6.3 -45|Good— 7 55 360- 400.. 7.55] 400- 460.. .45| 4 5
5.90- 6.1 5.75- 60
edium -
250Aianehier Pi edium and G 160- 200. 6.75- 7.25| 90- 120.
os Bulls ( Yearlings excluded
7.75- 8.25
7.75- 8.00 7.00- 1.75
es 6.00- 7.00 ealers
/ 00. 1300-1500.
Good— 750- 900. 900-1100. 1100-1300. 1300-1500.
Medium— 70-1100.
13.50-14.7
ic A 0.50-12. soiCutter a 10 75-13. 38 10.75-13.2 Vv 10.75-13. 3 Sood ole". oice
| : 50-10. 75/Common an 1100-1300. 8.50-10. "| medium .
ommon— 780-1100. 17.00- 8. s0/ eder Stocker “cattle Steers, Heifers Stee Choice— (Receipts, 461) al. 750 11.50-12.75/Choice— 500- 750 10.00-11.50| 800-1030 . Heifers 3 Cholce— - 750- 900 11.50-12. 50{peq Good— 01750- 00 10.00-11. SlCoNmat Mediu joo 6.50500- - 900. 8.00-10.00! Calves (steers) Common—- and choice— 5000 ¢ 900.
Cows
D down. 1 Calves (heifers) 6.25- 7.00|Good nd choice— Cutter and ma common 5.00- 6.25(Med Canner..
SHEEP AND LAMBS (Receipts, 651) Lambs
Good and choice ..... Medium and good . Sn Yearling Weathers Good 22 choice Mediu 7.50- 8.2 Ewes (wooled) Good and choice Common and medium ...
sedone
CHICAGO LIVESTOCK
ogs—Receipts, 18,000; fairly active; most y ae to 20c =
-240 lbs.
. as 30; %02 5.25 400-500-1b. 830: weight, $6. 65@5.
ight, 3¥ Seth 11:000; calves, 1000; fed steady: consider-
steers slow and mostly able pressure on medium grades; most early sales, $9.50@ 13 Fras, Te increased activity Yeaturing strict prime offerings sellin at $14.5 Yard) several Joads [email protected]
8 Lo) P jittle 1y steady market on co common k catt He yey scarce; heifers o generally Steady at oice i Bas bid, $1 Sony ees in soant bulls 1: eighty shade g! er; cutter cows 6; 0 $8; most Jat 1 $6. 30 wood 0 C
prime weight SUgResLIng fo
fiberal ‘sip Sup pplies
hoice
per Eetp-Reuelp ts, 5000; late Tuesday; tive all classes, mostly stead 136 higher at § on car 94-1b. fed OR np bs to city le bulk to choice, 5-105.1b. fed Western, $9.85@10; deci 110-1b., $9. todays t Fat lambs o shade lower; jeaijored sales above: three d fall
most. bids arou und Ln ed
B20 no ii A re:
ewes held above $9.23. OTHER LIVESTOCK FT. WAYNE, Jan. 8 (U. P.) S00"330 ths to Jog isher: ahs ibe, 1bs.
ss: , $7.45; 180- $7.40; 160 Ths., $7.30; 240 -260 } 50 31:38 260Ibs. $7.25; 280-300 oT 00-325 1bs., $7.15; rk 350 bs. $11 10; 1301 1bs., $7.05: 40-150 1bs. 13086. 100 0-130 Jbs.. ambs. 910." a, 5. 5;
60; $4.50 Caives, 1s Lam
stags,
FAYETTE. Jan. 8 (U. ke 2 steady: 160-200 1bs., SiG Ibs, $7 2007.40; 380-335 he.
fe. Tie 035) 50 down: roughs
- Calves, $11. [email protected]; es [email protected]. ~H 7 il 65° §00Xl 6.80@7; most good. “pac ing SOWS,
3 Cattle——Salable 500; toeal 100; salves totalled $699,336,949, an increase of | #3; 4
S INCINNATI 8 Salable 3200; total "3325: 30 ds.
(0. Aon."
active steady: mediu ifers, around $9@10; hort. load to good heifers, $ 035 38. 30; om C! and common kinds, oa1.50 and good beef cows, lige e, 8.30 cutter and common grades, 5.50 8.35; conners, largely 3 50@ as, 25. Sheep—Recei Northwestern to choice 95-1b. fed
$9.7
FOREIGN EXCHANGE
NEW YORK, Jan. 8 (U. P.).—Following 238 are noon cable rates-on major currencies: Net Ohg.
atl Rates. 3 | England fahada
jad) .“ (&oilar Ital lira Finlan:
ark Switzerland (franc) sesee eden {Eiona Ja Mexico 1 (peso)
Check Itching
- First Application
‘Agonizing itching of ugly eczema, Rash, Letter, Ringworm, Scabies, BLUE STAR OINTMENT.
'| FIRST jar falls to satisfy.
Receipts 1.800 11,500 L500 7,000 8,955 10,500 11,000 8,500
270- 300° "383- 850 300- 330 6.20- 6.40 5 0 00.. 5.60- 5.80 5.75- 5.90
5.40- "6.00 Slaughter Cattle & Vealers (Receipts, 1587)
12.50-13.00 8.00-11.50 34 0. 8.00
9.25-10.00 9.25-10.00
. 8.50- 9.25 . 8.50- 9.25
7.50- 8.50 7.50
6.50- 3.00! 300 down. 9.00-11.00 8.00- 9.00
own, 8.25-10.00 4.00- 5 3.00! 500" ‘down. 7.00- 8.25
9.15®10.25 8 > 50
8.25- 9.00
3.25- 4.00 2.50- 7.50
her! top, $7.55; bulk
heavier
choice
bid and refused on below. $9; this
comsupplies: cows and h su lies
acly; 4ac actua Jo0
65: rade’ opening slow and steady oh
d to is to hie ii {ht
shorn fed 1 on limited suply "sheep: g00d to choice Ted e
$6.35; $5.85; 100-120 oe
choice {Smbs, $20; s0: 225 Toad oe ed Westerns, food and gO. natives eaTCe and nd
Pimples, Toe Itch is checked in ONE APPLICATION of t as aeeded as nature helps heal. Money back if Cry it today.
‘Education’ for
Increased Taxes
NEW YORK, Jan. 8 (U. P).-—-A nation-wide “educational” program to convince the general public of the need for increased taxation and greater economy in non-defense spending was recommended today in a special report prepared by the committee on taxation of the Chamber of Commerce of the State of New York. Warning ‘that the present rate of “non-essential” spending by local, state and Federal authorities will bring “national and personal financial ruin,” the committee declared that expenditures for non-defense
purposes such as public improvements could be cut by billions of dollars if a majority of citizens realized they must “wait for many things they would like to have.” The committee's suggested tax program in part called for a further lowering of personal income tax exemptions; a reduction, of highest bracket Individual surtaxes; . the abolishing of capital gains and losses and the Federal capital stock taxes; an increase in: the flat corporation income tax, and opposition to a manufacturers’ sales tax and to larger excise taxes.
FURNITURE DEALERS STOCKING UP EARLY
CHICAGO, Jan. 8 (U.P.).--The increased volume of 1940 furniture sales was reflected today ag retailers abandoned ‘shopping period” tradition and began placing» orders during the opening sessions of two huge home furnishing shows. The International Home Furnishings market spread over eight floors of the Merchandise Mart Building reported the dollar volume of opening day business 15 per cent above any previous year as dealers hurried to restock retail shelves which the Christmas business reduced to the lowest ebb in 10 years. The National Home Furnishings Exposition at the American Purniture Mart Building reported its largest opening day registration in history and attributed it to 1940 sales which depleted inventories, an upturn in home building and mod‘ternization and increased employment created by the national defense program. The trend, dealers said, was to plastics and modern stylings. Prices generally were higher than a year ago. Both shows continue for two weeks.
GOLD IMPORTS UP 54 MILLION DOLLARS
. WASHINGTON, Jan. 8 (U, P.).— Gold imports during the week ended Jan. 1 totaled $62,211,720, an increase of $54,085,932 over the amount
5
)
Commerce Department said today. Most of the shipments were from Canada, which sent $51,973,599. Japan was the only other major shipper, sending $9,098,101. Gold earmarked for foreign accounts increased $3,076019 to $1,807,673,263.
f
CARY JOINS CELANESE
NEW YORK, Jan. 8 (U, P.).— Celanese Corp. today announced that Guy Cary of the law firm of Shearman & Sterling has been elected to the board of directors.
v \ LOCAL PRODUCE Heavy breed hens, 12¢; barbac hens, 11c; Le; hi ens, 8c; bareback Leghorn rred and White Rock springother colored heavy breed springers, 126: Leghorn Spine barebac
springers, 9c; BRS; 19¢. Indiana
ana Grade A Jalge Grade A medium om eggs ndiana Sma No. eg 3 12¢; no grade,
{a ade A and Butter— 33 34c; No. 2, S1%-@ es ie NO. qo No. "2, 29c. (Country pickup prices - by the Wadley Co.)
al 32c;
WASTE PAPER
: AMERICAN PAPER
STOCK COMPANY RI-6341 320~W. Mich.
FUR (COATS IRON TINY a 1a) in the State
INDIANA FUR CO. 29-31 East OHIO (St.
. SHERWIN WILLIAMS
Has a Paint for Ev rpose. Because it Lasts Longer.
'VONNEGUT'S
ELINED Men's
the Sate
»
LOANS
iF The CHICAG
on Everything!
Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.
JEWELRY CO, Ine.
EPAIRED EFITTED
LEO
And Women’s Clothes IAnOBING CO. Mass. Ave.
TRY A WANT AD IN THE TIMES.
imported the previous week, the|:
RUSSIA RISES TO THIRD BEST
British Charge U. S. Metal Is Going to Germany Via Vladivostok.
WASHINGTON, Jan. 8 (U, P.). == Russia, which imported but little American copper before the ~war,: now is this country’s third best cop= per customer, the Bureau of Mines said today. Russia imported 108,955,900 pounds of American copper in the first 11 months of 1940. The United States solu 45,496,194, pounds of copper to Russia in 1939, mostly after the war started. British Minister of Economic War= ‘are Hugh Dalton recently charged that American war supplies are reaching Germany via Vladivostok, Siberia. Italy bought more ‘American COp= per than in 1939. Japanese Dus chases lagged a little behind oh of the previous years but that co try remained first in total imports of American copper. Italy imported 56,028,758 pounds in 1939 and 67,673,284 in the first 11 months of 1940. Japan's imports of 249,276,881 pounds in 1939 dropped to 225,065,811 in the first 11 months of 1940. Smelter production of copper from domestic ores during the year, the Bureau said, was 1,814,000,000 pounds, an increase of 27 per cent over the 1939 output of 1,425,343 488 pounds.
GAIN IN FREIGHT IS ANTICIPATED
11.4 Per Cent Increase in Midwest Predicted by Shippers’ Board.
WASHINGTON, Jan. 8 (U. P,) — Freight car loadings in the first quarter of this year are expected to top the corresponding 1940 level by about 9.5 per cent, according to es= timates compiled by the 13 ship~ pers’ advisory boards. On the basis of these estimates, loadings of the 29 principal com= modities for this quarter would amount. to 5,572,106 cars, com with actual loadings of 5,089,820 in the 1940 period. All of the regional boards partici= pating in the forecast predicted gains for the quarter, headed by the Allegheny district, where a rise of 18 4 per cent over 1940 figures is ex=" pected. Other major increases fore= cast include 14.2 per cent for the Pacific Northwest, 11.4 per cent for the Great Lakes region, 11.1 per cent for the Southeast and 105 per cent for the Atlantic states. The forecests also indicated that all but five of the 29 measured com= mocities are expected to show greats er ioadings for this quarter than a year ago, headed by an anticipated. 349 per cent rise in iron and steel traffic.
ucts are expected to show a 30 per cent gain over the 1940 quarter; ma= chinery and boilers, 27.9 per cent; gravel, sand and stone, 229 per cent; lumber and forest products, 19.8 per cent; ore and concentrates, 164 per cent; chemicals and ex= plosives, 16.2 per cent; automobiles, trucks and parts, 15.7 per centj | cement, 14.4 per cent; lime and plas ter, 14 per cent; agricultural imple~ ments and vehicles other than Sia: tomobiles, 13.4 per cent, and paperboard and prepared material, 8.7 per cent. On the other hand, citrus fruit loadings are expected to register a 6 per cent drop from the correspond= ing 1940 quarter, while cotton load= ings are expected to decline 3.2 per. cent, livestock 0.6 per cent, poul= try and dairy products 0.4 per cent and salt 0.2 per cent.
BARROWS APPOINTED
CHICAGO, Jan. 8 (U. P.).~The appointment of Arthur 8. Barrows, Chicago, as vice president of Sears, Coast territory, was announced to=
man of the board.
FRACTURE BEDS Can Be Rented at the New HAAG'S ALL-NIGHT DRUG STORE 22nd and Meridian
MODERN CREDIT STORE 129 W. Wash. Opposite Oe.
Exacting . . . WATCH REPAIRING AT LOWEST PRICES
STANLEY JEWELRY CO. 113 W. Wash. Lincoln Hotel Bldg. § Fall Fashions $2 & $3.85 LEVINSON °
Your Hatter
MARILYN FURS
A Better Fur Coat
THEY WILL BRING RESULTS.
For Less Monep/ Ne
Roebuck & Co., in charge of West
a Ta
Loadings of brick and clay prod=
AA4
day by Gen. Robert E. Wood, chaire