Indianapolis Times, Indianapolis, Marion County, 10 January 1941 — Page 27

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E——

FRIDAY, JAN. 10, 1941

BUSINESS

What Can the Small Plants Do About

Health Service for Their Employees? |

By ROGER BUDROW =

* FACTORY EMPLOYEES CAN TURN WORK when they feel they are protected as much as possi+ ble from accidents in the factory. Thus safety becomes not only a part of the national defense effort but also very good

business policy.

OUT MORE

~~ A large industrial company with an exceptionally ‘low accident average, Timken Roller Bearing Co. of Canton, O., is described by the industrial magazine, Factory Man-

agement and Maintenance.

Each new employee follows rules given in an instruction booklet, is required to wear safety clothing on Jobs of a hazardous nature and una dergoes a yearly physical checkup in the company’s large clinic. The company has spent large sums to eliminate dangerous machinery and to keep the air clear of dust and fumes} The lar Campbell, Wyant & Cannon Foundry Co. at Muskegon, “Mich., has reduced its res insurance expense from $3.02 to B8 cents per $100 of payroll by inalling an extensive health service m at a medical cost of about 66" cents per $100. +Five Philadelphia concerns, hav{hg 100 to 500 employees, banded toghther to retain a doctor and nurse on a co-operative basis. In this way employees of these companies réceive pre-employment examination, periodical check-ups, care for a¥# minor accidents, first aid and post- -a¢cident recovery attention. “Such a plan, Factory Management says, is the answer to the oft- heard question, “But what can the small pint do about health service?”

# 2 8

GERMANY THINKS she can best the British blockade by getting féodstuffs from the Danube Basin this winter. she will be fooled, an Agriculture Department bulletin reveals. The “granary of Europe’— Riinania, Hungary, Jugoslavia. and aria—have had smaller crops | Pes of poor weather and farmwho turned soldiers. Forced expéitation would jeopardize supplies fg Danubian home needs, the bulle-

thee says, we ” » ”

‘GOVERNMENT BOND prices have been declining for a week and Tyeasuly Secretary Henry Morgenthau Jr. blames it on the Federal Retaay, System proposals made last Rriday. was pointed out that if an inse is required in bank reserves, ag advocated by Federal Reserve Hard Chairman Marriner S. Eccles, bgbks would have less money avail- ~ to buy Government bonds. “demand, lower prices.

ipl so. 8 * ®PANICKY BUYING of sugar in ffs country, caused by Germany's arch into Poland last fall, -has

own over. And H. H. Pike Jr. York sugar broker, points out

3 : Roger Budrow

why. 4#In World War I Europe’s sugar beet areas were turned into battlefiélds. But the folks back home in Paris and London (it wasn’t a “total war” [then, ‘you remember) still wanted sugar. And prices*went up. Tn this war sugar productin tasn’t been damaged so much but the Axis aggressors have completely disorganized normal consumption. There is plenty. of sugar to be had in the great sugar bowl of the Caribbean in this hemisphere. But rope can't get it through the fpckade and America can have all it warts so prices stay down. » ” ”

ODDS AND ENDS: Nearly six|} ion dollars in surplus foods was| fu

wed under the - Government imp plan in November. . . . CitiBanking Co. at Anderson has

ed the Federal Reserve. ., . Guy | "iy

~ Wainwright, Diamond Chain|N ftesident, and H. W, Linkert, Lang-senkamp-Linkert Carburetor presient, have been elected directors of torcycle and Allied Trades Assoion. . . . When Charles E. Wilwas elected General Motors ident, General Eleciric Presit Charles E. Wilson telegraphed fgratulations from Washington

Worthington Pump vice presi-|§

t Charles E. Wilson telegraphed from Holyoke, Mass. The confused telegraph clerk wanted to know how {some people can pat themselves cn the back from two, differa places at the same time.” rl- Randles of American Nagipnal Bank, visiting Edison Instibwte at Dearborn, Mich.,, Henry ford’s industrial museum, ‘saw a erator donated by his father, D. Randies of C. D. Randles jJanuiacturing Co. at Ogdensburg, BE-Y. ... Federal Works -Adminis-

Oe Re or John Carmody told Chicago's

gyor Edward J. Kelly that prices oposed for the Chicago Motor each properties are too high and ts an. independent valuation thade| by a disinterested group. He

‘the Federal Government in-|N

vested $23,130,000 in the Chicago ubway with the expectation that | ransportation - facilities would be georganized, unified “and “successposte pperated on a sound financial

{alll Dealers Hutual

FIRE- CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

RETAIL TRADE OVER YEAR AGO...

Shown as Wholesale Buying Spurs.

week while wholesale markets “sprang to life with a sharp increase in buyer arrivals at January trade | 4 shows,” Dun & Bradstreet, Inc., reported today. Retail volume for the country as a whole was estimated 7 to 12 per cent over a year £go; compared with a year-to-year gein of 8 to 11 per cent the previous week. Mildness af the post-holiday let down in retail trade “was n 2 continually by retailers,” the tra authority said. "After the eos tional Christmas business considered especially encouraging

for spending freely. ing excellent consumer response, but

checked somewhat by lack of promotional merchandise. The relatively small | selections available for clearance and the limited price re« tiuctions offered were found to be throwing a. greater than usual amount of bt o isiness to 33 to regular lipes.”

TRADING IN WHEAT SLOW AT CHICAGO

CHICAGO, Jan. 10 (U. P.).—Trad¢ Trade was virtually at a standstill

a small fraction of a cent. Other grains showed no change of importance.

was unchanged to up !s, May 873% oonis. Corri was unchanged to up

soy heansip] off 3 7% to 114 cents.

Dun 8 Bradstreet's daily weighted price index of 30 basic commodities; compiled for United .Press (1930-32 average ‘equals 100): Yesterday [.l...oceeeessenes.s 125.2% Week aZ0 Juuseisnssvrsseves 124.60 Month ago ;eeeereetsesesess. 123.95 Year ago ... 1.6% 1940-41 High ‘(Jan, 9, 1941). 1940-41 Low (Aug. 19) ...

-LOCAL ISSUES

The following § uctations by the [ndlanapolis Bond & 8hare Corp. do not repreSo actual price of offerings, but merely ndicate the | approximate market level Parcs on buying ard selling quotations of recent transactions Stocks Bla Aponte Finance Corp com. Va a RR & Stk Yds com. Belt RR & Stky Ys pfd Central Ind Fow 100 Pid. Hook rug Ines com. me T

Ask

d Pub ge aS N Ind Pub Serv 77, "ord Progress Launcy Pub Serv Co of "Ind To:

Union Title Co com. Van Camp -Milk pf Van Camp Milk com .. Bonds

American Loan 5S 5l...ce0000. 99

American Loan §

Vas ndpis Raillwa 5s ndpls Water Co Vas 66 omo Water Works S54 58. 10302 ou Fai Packing Co 4's 49. Ry... Morris 5&10 Stores 5s 50 Muncie Water Works Nat Suk Hoslery a 4

Pub Tel Cg 4'28 tb Richmand Water Wis 68 57.. Trac Term Corp 5s 57 *Ex-dividend.

U. S. STATEMENT.

WASHINGTON, Jan. 10 (U. P.).—Goyernment expenses and receipts for the current fiscal year througn Jan. 8, @as compared with 2

ast Yea Expenses 83, 483. £88, 930. 38 $4, hor 811. ao. 92 Receipts. 4,007,730.37 2,843,051,480.92 Gross Def. 3 3.420 BL 300 .0

ens ago.

Work. 1 03, Pub. Debt 45, 039: 28, 813. 29 42,035,784,

Gold Res..22,0 las: 307. dar. 76 190,976,630,33

Customs INDIANAPOLIS CLEARING HOUSE | $ 3,593,000

Clearings Debits 12,386, 000

FOOD PRICES

ICAGO, Jan. (U. P.).—Apples—~ HR 3 bans. Ou ase @1.40. Oeljobs gam, | squares @

\ Spina @oiic. ower Gatltor 125, Garrois—Californt ia,

Michi ery—.

nessee, bu. $1. 0; . sacks) Illinois Yelows, 90c; Towa Yellows, 3¢; 8 Yellows, T0@71%c; Wisconsin Whites 75¢c; Colorado Sweet Spanish, 1.35; Michigan Whites, $1.10; Indiana panish, 80@85

TYE

ON ANYTHING

IRL CREE

AUTOMOBILES

REE Teh Get Your

CASH

310)

FRR

A ibid ad

RS) A ER oh C RES Ie

SACKS TI

206410 [INDIANA AVE ONLY DNE LOCATION

7 to 12 Per Cent whe A

; lla NEW YORK, Jan. 10 (U. P).—i2 Retail trade again made a better. than seasonal showing in the past]:

8.75 47.739.865.427.08 | |

Tous |

grr

THE INDIANAPOLIS TIMES

PAGE

Indiana Stone Production Lags

“Sumer

Burcau. trou

00 932

ble.

1933 ‘With the exception of February, stbne production in the Bedford-Bloomington area during 1940 was

1934

935 1936 1937

N. Y RY. ‘OCKS

mn &

n Anacpt

Afchisd Atchise Aviatio

Bald [1 Barnsd Beth &

Bush i

Celotex Ches | &

Colgaie com ©

Com § Comwii

“Clearance prornolions were draw Commi | Edison.

Conde Cons. | #

sales increases for these events were | Cons | Hdison

contaiy cont | I Cant |X

Cont Corn | F

Crown Cub-An

Cuneg | curtis Curtiss»

Del &. Lat Diam

Elec Al Elec B

Evie Fed De Firestoy

Flintko?! Freept-

Gothan: Gf No Grevho: Gulf M

Hayes Here |} Homest Hud Bi,

terch

n i Island

Jones

| Kelsey

Renngc

; Kroger

N Nat 1Ji¢ Nat Gy Nat lie Nat Su Nehi New NYC NYC Re NY Do

No Am No Pac

Crane |C 19 Zeller “pt i

Tv Dome Rimes oe

Goodrich

y. 31 PF Pwr...

AL ‘For $6 pf.. A&FPwr $7pf..

ico Pwr & Lt. P&L 6 pf.. P&L 4 pfA.

ida

Asso Dry Gds ..

m mn n

J0CO oh all Steel

+ 13%

18%

: Fi 1a 33

erm

z Ohio.

Chi Bu T pr wt it was|CHrysier .. .... P-P res fedit .... that shoppeis were still in a mood | Com iN Tr a ylvents ..

h & So.

Nast Aircraft’

ier Jak

Cont |E Cont [Mot

a Sug .

Press ... Pub .... WA ..

Hud, & Mo.

..116

in wheat futures on the Board of |=mgst lair Lines.

3 4 . 25%

. 1314 39 . 101g

8% 3%

| a |

9 43% 52Vs 70! 1234 30% 317 11% 13-16

—-

‘4

Eltb- Am Sug pf 2%

Be 20% wot 8 1633 64 1254

ito-L ... 3

nat

today, with prices showing gains of | Elec Pir & Lt.

p 5 Fahl ae

e Sul

th: pf .. und Co. . o & Oh .

Gu Mts On pf

Mig . Mot

At the end of the first hour, wheéat | Firestone of A i

1%, oats off |15 5 rye unchanged and gar Wood Ind . 52"

or vp iad Hos ...

ob tern,

y M&S .

« 125.21 i111 céntral i 112.42 1] cént pf ....

Ik Leh 7

Hayes ott... G &B

tillers 2 psum ... 2.1 ve p Penn .

BI Co rs "BD w

Se =~

ee NRE

Cr Coal. 33

110 1]

Kalamazoo S&P 12% Kayser’ Jul 8S. 'B 81% 36!

News "Sh :

sntral ...

StL pf. ck pt”. 1

ne n_Avn ..

ific “eas

Ohio Oi: .. 1

Loan

By UNITED PEESS

a Net Last Change

165

7/8

8¢ Beth. Steel 7 pt 138% 128%

1&8 20

18%2

A i

@FN PRE

a EP TCT.

3 16% 164 126 Va 116

E712

7% 3%

i .. 174 Otis 8i1 cv 1 pf 51%; Owens Ill Glass 49

T% 1% 3% TVs 111

i 49

/ 4

Ve 4

% Week Ago

8 | Phelps Dod

DOV/-JONES STOCK AVERAGES 30 INDUSTRIALS u1+s eve di ninsiii. 138.39 40.3% 132.01 -+1.44

Yesterday Week Azo .. Monta Ago . ... 132,35 40.21 Year Ago 145.96 —2.27 High (1940-41), 152.80; Low, 111.84. High (1939), 155.92; Low, 121.44, | 20 RAILROADS L4-0.87 +0.33 +0.11 —0.69

Yesterday

Mon{h Ago ..... a:riduaravs Year| Ago 4 High (1940-41), 32.67; Low, 22.14. - High (1939). 35.90; Low, 24.14. 15 UTILITIES Yesterday oy Werk ARB. ovievee vase deny a Month Ae ...cc.... Year Ago Hijth (1940-41). 26.45; Low, 18.03. Hijh (1989), 27.10; Low, 20.71.

it 1

' High Low

Net Last Change

flPac Io & EI.

Pacific Mills Li

nj Pere Mat pf . Pere | Mgt pr ‘pf 46% Philllps Pet rts. i 64 ge ., Phils nesaver ” .

oT Bako

+444 l

bli blic Si pf. “100%% ii Tob B... 34

canes 44% . 11% . 18, V8 9% 133% .. 233

Safeway Scans y

t+]

CNCINSE BDI api “| I - -.

ThE

— LJ = «a

Sym}Gould ww. Sym-Gould xw

Ten Cop “lve Texes

20th! CentoFox. Twin Coach ...

Und’ Ell Fish... Unidn B&P ... Uniqgn carb ...

4 on BO 00 a3 GI

United Corp ... Unifed Cp * 30 U Bri ot

om [+++ ++ +

CODIDIINID tpt it

$o NN

—- owe

FEE

Stores pf..

Vana ginm va-ta Virginian

3 B 26 y pf 350 32%:

613. 32

1061, 1142

PELE

we orth

. 33 thington .. 24

Yellow Tr ...

17 ou Sud Shest oe 8.

COAL PRODUCTION DROPS 30 PER CENT|

WASHINGTON, Jan. 10 (U. P.). —Eituminous coal production in the

oi FH

+ | & December.

: strong.

gains ranging to more than a point. 4

1939 1940

substantially below (he corresponding jnonth of 1939, according to Indiana University’s Business Research The February comparison is flistorted since plants were closed in February, 1939, because of labor

STEEL, MOTOR SHARES STRONG

Favorable News Sustains ‘Market-as Trading Calms Down.

NEW. YORK, Jan. 10 (U.P.)— Favorable steel and automobile news sustained the stock market in afternoon trading today at levels frac13| tionally above the previous. close. Trading quieted after early-activity. Ward's Automotive Reports, Inc., reported an unexpectedly sharp rise in automobile production this week to 115935 cars and trucks. That broke all previous records in history for a January week. It compared with 76,690 in the previous week and 111,330 a year ago. ‘Ward's predicted January production of 450,000 units, which would top the

4 | record set last year at 449,492 units,

United States Steel reported December shipments of finished steel at 1544623 net tons, a record for The 1940 shipments, the best since 1929, totaled 14,976,110 net tons. Dun & Bradstreet reported retail trade made a better than seasonal showing this week at 7 to 12 per cent ove ra year ago. Steel and motor shares were Rails held well despite profit-taking. Coppers were firm despite addition of copper to the export. control list. Rubbers had

BANKERS TRUST CO. RE-ELECTS OFFICERS

All officers and directors of the

7; | Bankers Trust Co. were re-elected at

the annual meetings held yesterday. Howard C. Binkley is president: Clarence A. Cook, Martin McDermott, T. S. McMurray Jr. and Eugene W. Short, vice presidents; Mal-

colm Lucas, vice president and trust officer; William H. Polk, secretary-

‘|treasurer; Lucien L. Green and C.

A. Hollingsworth, assistant secre-tary-treasurers; William P.\ Wag-

, | ener, manager of rental department;

William Seyler, manager of insurance department, and Charles W. Mason, manager of real estate de-

: | partment.

Directors are Clarence A. Cook, C. A. Hilgenberg, Victor C. Kendall, Silas B. Reagan, Henry C. Thornton Jr, Mr. Binkley, Mr. McMurray Jr. and Mr. McDermott. #

.|CHICAGO LIVESTOCK

Hogs—Recelpts, 12,000; active on weights 240 1bs. down; strong to 10c higher: heavier butchers slow barley steady; top, bulk good and choice 160-240 1 most 240 -270- 1b. butchers, 4 pan 25; 85: 10s. all wD generally.

bs. enera mostly [email protected]; 500: fully

,55, 0-500. er kinds, $5.75@ Catlle—Receipts, steady market on most killing classes; cutter and common beef cows predominated in crop; and sold actively at $6.5 down to $5: canner cows, [email protected]; meager supply. medium grade jie 2. year Ings with Vsprinkling zood rades brough Strong prices: ulk §. Psa 11.50: 850 mixed steers med ife yearlings, sz Thort load. light stgers. $12.50: only very Common steers at $7. continued broad _ for commo steers and somal Snes seine at [email protected]: weighty bulls easy ly negligible at $ 7 55: A805 light i t bulls wanted on ocal 6.50@ 17.25. Be

0: ‘ calves,

very smal ipt eep—Receipts, fat lambs load a.

late Thredav: 10c to 25c¢ hi Fer: ooled lambs 102 1bs

5000: ctive

OTHER LIVESTOCK

CINCINNATI,” Jan. 10 Ie. P.).—Hogs— Salable, 3000; total active weights

holiday-week ended Jan. 4 dropped ve

*Inegrly 30 per cent from the level

of the corresponding 1940 week, the Najional Coal Association reported tocay. Output for the latest week amounted to approximately 6,300,-|¢ 000: net tons compared with 8,940,000 a year earlier, a .decline of 29.5 pel cent. Fhe association placed production for 1940 at 453,268,000 net tons aguinst 393,065,000 in 1939 a gain

Brooks Sineeton

of 15.3 per cent,

. Dr. J, Edward Hedges

$8.05 fo welghts: 140- 0-180 Jus. [email protected] oe $606.75; most good packing sows,

Satie tie—Receipts. 500. Calves, 250; active strong market on most grades end Slastes i Dresenied; common to medium lightw steers and heifers around 00 Ibs. 0 930 lbs., $7.30@10; around 10001b. fs steers. $10.25; medium to good beef cows, $6.50@7. Sheep—Receints - 600; around 375 head goo dand choice 83-84-1b. fountry sraded rail lambs sold at [email protected]

FOREIGN EXCHANGE

NEW YORK, Jan. 10 (U. P.).—Following are noon cable Fates on major currencies Cable Rates Net Chg. England {hguna) $4.0 Canada. (dollar taly (lira) oes Finland TE sone 3witzerland (franc) Sweden. (krona) apan( yen) ... Mexico (peso) -

LOCAL PRODUCE

en av yh g jens, 12¢: Dare] mek Rens: c; 0 ens. eba g hens, 18% Barred Ry whit) Rock springers, 13¢: LR colored heavy breed spri ers, 12¢: Leghorn springers, barespringers, 9¢: old roosters, 6c. dia a Gries A ee emis nan: ang Grade m o ' Sm 3 rade A' and No. 2 eggs, 12¢; no a Br teroNo. 1._33%@34e: No. 2, 31%@ 32c. Butterfat—No. 1. 2,” 29c. (Country pickup prices rioted by the Wadley co

0210 12322 .2385%2 2346 2075

+ 2 4.00002

no fooling.

‘| vs.-butter pressure

75; i | quirement of something like 74,000,-

er was to be added 19,000,000 tons of

4 [this steel into lawn mowers, cream

ith |goods of normal uses.

}linto the defense organization as

NOT ‘BUSINESS AS USUAL’ NOW

Belief Growing That Public May Have to Wait for - Civilian Wants.

By JOHN W. LOVE . Times Special Writer WASHINGTON, Jan. 10.—Guns are moving in ahead of butter so swiftly around here that the change

the next. So great has been the transforma-

tion of thinking in the last month that the big questions are now what munitions should come ahead of otha munitions. Priorities no longer merely rank the production of combustion goods ahead of consumer goods. They attempt to schedule airplane parts in front of other armament, -and this explains the growing complication. The belief in the possibility of maintaining business as usual is giving place to the feeling the public will have to wait for a number of kinds of merchandise. The word “temporarily” is appended carefully to, all such warnings, though, as in a number of other countries where these emergencies had to be met. President Roosevelt's budget message carried a warning of “extraordinary taxés” which might have to be used in avoiding the inflationary price rises which could occur if the public began bidding for restricted supplies of civilian goods.

Delay in Steel The wait for structural steel for theaters and apartment houses. is getting longer. Printing-press makers are heing importuned to take on the manufacture of machine tools

and their assemblies. The need for sheet aluminum for planes is expected to interfere at times with the supp.y of pots and pans. Butter itself may be subordinated, In his budget conference with the newspaper men President - Roosevelt mentioned a cream-separator plant which could make airplane parts. He also mentioned a lawn-mower plant which could participate in the subcontracting of armament. Largest industry to feel the gunsis automobile manufacture, but the delays in adapting the heavy bomber planes

terference into next summer. Companies are beginning to worry over how to keep their sales forces together when tHe production of cars must be reduced.

Pressure Reversing

The pressure is suddenly reversing in- the steel industry. New Dealers surveying that field . have talked of a need for new steel-plant capacity of as much as 15,000,000 tons, but this guess was built around the idea that the armament activity would be .erected on top of a: normal prosperity brought about by large Government spending,” the Washington form of the business-as-usual idea. ‘This need for new mill capacity in the steel industry appears to be boiling down toran. official figure of 8,000,000 tons, with a comoromise expected to be reached on 5,000,000 tons or thereabouts, of which about 2,000,000 tons of plant additions have been announced. The original survey of the country’s steel needs, Natural Resources Board, envisioned a “hormal”’ peacetime re-

000 tons of steel a year, stepped up from the steel consumption of 1929 by a proportion equalifig the growth of the country. In this great quantity of steel were to be frames for skyscrapers and hotels and other demands which could be deferred in an emergency. To it

British ar American requirements for defense.

Labor in Picture

Two considerations now arise to reduce .considerably the amount of steel likely to be needed. One is that the machine tools and whole factories will not be available to make |i

separators, automobiles and other

that the country cannot afford to turn machine tools to making roll-ing-mill equipment when they are already building forging presses. Another field in which the busi-ness-as-usual philosophy is being given up is organized labor. Two groups of unions have adopted nonstrike policies for the duration. La‘bor union officers are being taken

partners in its management, and in return some of them are conceding

the promise of tranquillity in labor |

relations in industry.

000000060000

@ THEY SAY:

“Your service is certainly a bless-

ing to the individual or concern who n : a all

hid 0 be in public contact IRSCHNER AUTO SERVICE, Inc. R. A. Ortman

YOU SAY:

What can you do for us?

‘WE SAY:

We i answer YOUR Shore when you are out—night or or SR tall pu Jclay The COST vice calls 18 MALL. hs BN

TELEPHONE. “ANSWERING SERVICE

325 Bankers Trust Bldg.

may be watched from one day to

to standardized manufacture in the 1 auto plants are putting off that in- 3

made in the [G22

Another is |}

; Speaker Here

sdarry N. Schooler of Washington, AAA director of 10 North Central region states, is principal speaker at the Indiana AAA conference here today and tomorrow. Corn loans, acreage allotments and the AAA relation to national defense will be discussed.

PORKER PRICES CONTINUE CLIMB

10.to 25-Cent Increase Here Places Top at $7.90; 8500 Received.

Hog prices continued to climb at Indianapolis stockyards today, the Agricultural Marketing Service reported. Hogs weighing more than 160 pounds sold 10 cents higher than yesterday while lighter weights rose a quarter. The top price was $7.90 for good and choice 220- -230-pound-ers. Vealers were steady with a $13.50 top. The Marketing Service reported salable cattle, 424 calves, 8850 hogs and 1678 sheep were received here today.

Receints

=23

Dec.

NRANNSTH Ip

<3 Slazarsdnd TN Ne dmne oT

Barrows and Gilts | Packing Sows 300d to Choice— 500d to Choice— 1 40 $ 6.25- . $ 6.60160. 6.756- 7 30.. 6.458 15-

180. 5.90-

200. 220. 6.00- 6.25 5.80- 6.10

7.40~ 7.157.10- 7

240 270. 300. 330. 340. Medium ! 160- 200. 7.00- 7.60! 90- 120 . 5.65- 6.35

Slaughter Cattle & Vealers (Receipts 499) Steers

Choice— 750- 900 900-1100 1100-1300 Good—

| Bulls i! L¥earimgs excluded)

Good . 7.75- 8.25 00d Rows ' ry 7.50-+1.75

6.75- 7.50

«©

- Id et ft et J ek OW WW DS 903-1 wa

1 Te Naar hens w Woon en SUS

S Soom oon . -3 aan wt 33

750-1 12.50-13.50 Lioo-1. 100- 1300 : d 750-1100

Common a. 850-11, 001° en 'n.25- 8.50! cull or ‘Stoe Br Cattle (Receipts, 424)

9.50-10.50 9.50-10.50

8.75- 9.50 8.75- 9.50

-1000 ~ 8.00- 8.75 750-90 "900 10.00-11, Bicommon.- oy 8.25-10.00) “Calves (sleers)

S00- 900 om Sood and choi 8.75- 8.25/° down. 9. 50.11.50

Steers, Heifers Choice— 500- 50 11. 75-13.00! 00! Shoic

500- 750 10.25- 11. 5 | 300-300 “gon Heifers,

Goud ee Choice . Tho~ 900 11.75-12.75,809-1050

on 500- 900

Cows pedi ol.

wn. .50 7.00- 8.00 Calves theifers) 6.25- 7.00/Good and choi

kLer anc 5.00- 8 25M its 0 down. 8. 50 0-10. 50 Canner. : 00! 500. wil. 7.00- 8.50 SHEEP oe fim (Receipts, 1678) Lambs $10 MN @ 10.50 9.00-' 9.73 7.50~ 8.75

Good and choice Medium and rood Common

Yearling Weathers Good and choice 25-9. Medi 7.50- 8.25 Ewes (wooled)

Good and choice Common and medium

OTHER LIVESTOCK

: ED. WAYNE, Jan. 10 (U, jeady to 0, sents higher; 190-21 10 1 5: 335 85;

4.00- 4.50 3.00- 4.00

0. K. ARGENTINE

8.00-11.50 3.00 0

WOOL MARKET

Stranded Belgian Develops New Trade Center at Buenos Aires.

BUENGS AIRES, Jan. 10 (U. P.), —Argentina’s. first official futures. market for scoured wools is scheduled to open here arpund the end of February, it was disclosed today. The last obstacle to the move was

‘removed when the Government per-

mitted incorporation of an organizing cempany to be known as “The Argentine Wool Futures Market.” The company was formed last Dec. 20 and incorporated for 2,500,000- pesos ($692,500) with 59 members each owning one share valued at 50,000 pesos ($11,850). Credit for development of the new trading center is generally ascribed to Marcel Maes, vice president of the Belgian Wool Federa-~ tion and a member of the Antwerp Futures Market's arbitration chamber. Maes wa$ stranded in Argentina last spring when the Germans invaded Belgium and worked out the idea with the collaboration of local wool dealers. The Argentine has long been rec ognized as one of the world’s lead-, ing production sources, but has never maintained a futures market. The congtitution of the new futures center indicates that it will “dovetail” .with the New York market despite differences in the trading unit. The Buenos Aires market will deal in merino 60/64s, similar to New York 64s, although the bulk of Argentine wool is composed of crossbreds. Contract units will be 2500 kilograms (5510 pounds), scoured to facilitate . arbitrage transactions with New York's 5000-pound tops.

WAGON WHEAT oF Nanapolis grain elevagors are paying No. 1 wheat, 84c: subject to market aan. other grades on their merits Cash corn: New No. 4 new vellow shelled corn. 64c: new No. 4° Noite shelled corn: 58c: No 2? white pats.

CORES

AND HIGHLIGHTS OF IMPORTANT

TONIGHT