Indianapolis Times, Indianapolis, Marion County, 16 January 1941 — Page 24

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THURSDAY, JAN. 16,

BUSINESS

Not All

| Indiana Coal Producers

“Approve Government Price-Fixing

By ROGER BUDROW

THERE ,IS SOME DISAGREEMENT among Indiana

coal producing companies about

sovernment regulation of

coal prices in this state. Probably no one who has to pay

a higher price for Indiana coal likes the idea.

But some

companies favor the plan—and some don’t. The companies that like the price-fixing like it because it gets them a higher price for their coal, consequently 2

higher profit. But some don’t like it and this is why. .

They claim it cuts their sales because the Act regulates just how much coal a company can mine and pub aside for future sales. It used to be that company would mine all it could in the summer. Home - owners would buy a good portion of their coal in the|&

summer when|

prices were lower. But the trouble is that

PORKER PRICES

GIVEN SETBAGK

25-Cent Reduction Pulls Top Down to $8.80;

BANK ELECTS "KT SOUTHPORT

Thombson, Vice President: L. M. Sutton Is Named Director,

Edwin E. Thompsin has been elected vice’ president of Southport State Bank, Herbert V. List. Low:zll M. Sutton was elected a director succeeding Preston Bailey. Leonard McAlpin was re-elected 8 | president; S. BE. Wr ight, cashier,

tand Miss Margaret ©. Hendricks,

assistant cashier. Directors . reelected | include Mr. McAlpin, Mr. Thompson, Charles F. McLain, J. A. Whalen and Omer Green.

Fletcher Trust

All letcher Trust: Co. officers were re-elected at the annual directors | meeting yesterday, Evans Wooller: Jr., president,” announced. Evans Woollen is chdirman of “the board and Hugh McK. Landon is vice chairman,

succeeding the late}

_ THE INDIANAPOLIS TIMES .

Trends in Cattle.

; :

E83 88883888

olsaatanstilinaassasstassssiaatasssasnsslasassstiatasastansatoasaainaston

87 80

1900

10 »0 0 40

Since 1867 cattle numbers have increased about as rapidly as human population, according to Purdue University. Production runs in

cycles averaging about 15 years in length. Purc

power in gen-

eral shows an inverse relationship to the production cycle, making allowances for the increase in production to reach market channels and affect prices. Milk cow numbers show little evidence of cyclical changes, but have a sympatheno relationship to beef cattle so far as purchasing

power is concerned.

N. Y. STOCKS

dams Exp

6500 Received.

Officers of Metcher

Joint Stock

A Addresosgraph.

Net Last Change

I 5

“8

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday Week Ago ...

.. 133,39 +0.37

.. 128.84 —0.58

... 131.51 —0.93

BUSINESS HERE

December Trade Above 39 Levels. .

Business in Indianapolis during December ‘was greater in every respect than in the preceding month and in most instances topped 1939 figures, the Indianapolis Chamber of Commerce reported today. Total building permit valuation reached the highest figure since the boom days of 1929, the review stated. Last year’s total was nearly $14,000,000, as compared to the alltime high of 1929 at $15,600,000. Gains in industrial employment and payrolls during December gained for the eighth consecutive month. “The 148 manufacturing plants reporting,” tne review said, “showed increases of 26.1 per cent in :‘employment and 37.5 per cent in payrolls over December, 1939. The durable goods group of 63 concerns made gains of 55.6 per cent in employment and 78.1 per cent in pay-

GAINS FURTHER

Chamber of Commerce Says|

New Agent

E. H. Williams is the new general agent for Southern Pacific - Lines BevD, succeeding G. H. Halenkamp who has been appointed general agent at Minneapolis. Mr, Williams came here from Kansas City, Mo., where he was Southern Pacific general agent.

DEFENSE SPURS DETROIT TRADE

Payrolls at 11-Year High And Peak Is Still ' Months Away.

DETROIT, Jan. 16 (U. P.).—Detroit, “making ready” to fulfill half a billion dollars worth of war orders, is steadily expanding its

production facilities and at the same time benefiting from generally improved normal industrial output approaching 1937 and 1029 levels. Because of country-wide re-em-ployment and stocking of inventories through fear of possible shortages later, Detroit felt accel« erated business conditions even before receiving a flood of pre= paredness contracts and orders for Great Britain that have started '' three major plant construction: - programs and assured employment for thousands of skilled workers. Perhaps no more than 12,000 now are engaged here on defense contracts, but when retooling is completed and new factories are

JEFFERSON LIFE

when they mine 7 oy, | Month AZo ....ceveeeeee rolls over a year ago.” operating by next fall an estimated

Land Bank, a subsidiary, also were Allesh os

; : Jump coal for ome use they Roger Builrow also have quite a bit of industrial or fine coal with it This industrial coal sells now for the same price all year long so there is no incentive for big factories to

# buy their coal in the summer any

more. need it. A company under the Act is allowed to store just so much coal. Wher: they reach the limit, they must quit mining. This industrial coal now uses up that limit and so ‘the producers are stymied. Coal producing companies who are against Government regulation

Thus they wait until they

also point to the ofl industry's regu-| J

lation” and. say they want the pres-

ent coal act repealed because they 3

fear ‘the Government will regulate sual as strongly as it now regulates oil. : a : TODAY'S ALL-TIME new high department: American Telephone & Telegraph Co.’s net income for 1940 was $188,204,000, most it ever received.

American consumption of crude M 0-300

rubber in 1940 was 618,349 long tons,

: the greatest ever, .

Ce 8 ”

THE ANNUAL REPORT of the State Employment Service shows that 95,179 persons obtained jobs in 1840 through" the 26 employment

offices. ‘Wilfred Jessup, director, said |

this was the. best since the service was established in 1933, exceeding by 13.7 per cent the previous record of 83,683 set in 1939. In addition to these private jobs

filled, the service filled 3228 jobs in|" public employment and helped 11,847] Good

, other persons get jobs.

ODDS AND ENDS: Bendix Avia-| Goo

tion Corp. (South Bend) declared & dividend of $1 a share yesterday. . . . The average fur sold for $27.72 at the second Copenhagen auction, 10 per cent more than in the previous auction. . Broombhall’s summary says thaws and floods have damaged crops in the Balkans and ‘Turkey. Halsey Stuart & Co., Chicago investment underwriters, lost their fight to make the Illinois Bell Telephone Co. sell its

.| Service reported.

Hog prices received a 25-cent setback (at Indianapolis stockyards today, | the Agricultural Marketing

The top slumped to $8.80 for, good and choice 220 to 230-pounders as 6300 hogs were received here. Vealers were steady with a $14 top. The Marketing Service reported 875 salabl cattle, 382 calves and 2229 sheep weére received.

Jan, ¥ ig

Barrows and Gilts | G ood to 508°T, e—

Packing Hows Choicp— 7.75- 8.00 7.80- 7.9!

7.50- 7.85

75-1. 25 0- 800.. @.75- 7.25 Slaughter Pigs Medium and Crood— 7.75- 8.35( 90- 120.. f.25- 1.10

Slaughter Cattle & Vealers (Rect) 5, 875)

Steers ulls excluded)

".75- 8.256

1.50- 8.00 1.00- 7.50

£.25- 17.00 ers

300d a i. 14.00-14.00 Common and 3 },50- 12.00 - 8.50 eeder 2 Bfocker Chttle eers (Receipts, | 382) Shoice— fee 500-300 18 00-10.75 500-750 10.25-11.75 oso 1050. 1 0/00-10.75 9.00-10.00

00d - | 500- 800 thods Heifers 300-1050 9/00-10.00 “750< 900 11.75-12.75 8.50- 9.25

7.50- 8.50 {ste ir)

1300-1500 Medium— 750-1100 - 1100-1300 Commo 150-1100 17.50- 9.00

Steers, Heifers ! >hoice— 500-1750 11.75-13.00

750-1900 10.00-11.75{C%RI IMS" Medium— Calves 500-900 8.50- 10. 00 Good and ¢

Common— 00-06-1800, .00- nav) iar °I6. 5 )-11.50

down. 8.50- 10.00 7.25- 8.25 Calves \hettors) a 50- 7.25 Good 2nd choi

(3 Or 500 n. 9.00-10.75 cogmon im 6.50| Medium— Canmer. 4.50- 5.50 [500 down. 7.50- 9.00 SHEEP AND LAMBS (fleceipts, 2729) Lambs

Bod and. hwive Mediam and good Cominon

Good, Medium. . Cutter and

$10.50-10.75 . 9.50-10.25 8.00- 9.25

$50,000,000 refunding bond issue at!

competitive bidding. Morgan, -Stan- | 89° ley & Co., who handled their previous finaficing, are offering the bonds today. . . . Wall Street Journal says proposals for a special labor mediation board are getting increasing attention in Washington. . . A biock of 42,534 shares of Union Pacific Railroad shares; owned by the British, were sold quickly after |f the waskes closed yesterday.

Yearling Wethers Good 2nd choise i

Ewes (wooied)

Good and choice Cominon. and medium .:

CHICAGO LIVESTO CK

s—Receipts. 20.000; Dpened mo; sty 15 cents lower or. weights 230 lbs. and later trading on (weights 230 os. d sows mostly 35 to 50 cents nd. choice 160-230 lbs gris, NA 15: Sop, Jas: most 240 2 s. on late mar s 15@1%.40; 400-500-1b, weights,

4.00- 4.50 3. 0. 4.00

to Hog dowr:

re-elecied. . William | B. Schiltges |A who is first vice president of the trust company, is president of the joint stock land bank.

Marion Counfy State

‘All officers and directors of Marior. County State Bank were reelected. president; R. C. Shanberger and Clyde E. Robinson, vice presidents; E. W. Hughes, cashier, and W. A: Barney, assistant cashier. C. W. Means, Mr, Shaneberger, Mr. Hughes, Chester Robinson and Clyde Robinson are diréctors.

N orthwestern State

James L. Gavin was re-elected

o|president of Northwestern State] San 5 Bank, 1100 W. 30th St., at the an- ¢

nual ineeting of directors.

ier, aad George H. Wagner, assistant cashier. Directors re-elected include James L, Gavin, William E. Gavin, John J. Cooper, Russell F. Petersen and Mr. Bray.

Wanamaker ‘State

Wanamaker State Bank officers were Je- -elected at the annual meeting oi“ directors, George A. Bowen is président; Harold C. Springer, first vice president; Fred Swartz, second vice president, and Lester I. Sniith, cashier. Directors reelected include Claude R. Smith, Edwa:d H. Ruschhaupt, John 8S. Mann Sr., Mr. Bowen, Mr. Springer, Mr. Swartz and Mr. Smith,

Central State

vice president of Central State Bank, 2998 Central Ave., succeeding the leéte Berkley W. Duck. Jamies L. Gavin ‘was re-elected president; Grant C.| Appel, cashier, and Crville Denbo, aisistant cashier. Direclors re-elected "include Mr. Gavir, Mr. Peterson, Mr. Appel, Thomas S. Duck and William E. Gavin,

Hew Augusta State

J. M. Gullefer was re-elected

Huffnian, cashier.

Chester L. Robinson is|a

C William E. Gavin was re-élected vice president; J. Lewis Bray, cash- g

| G L. M. Peterson has been elected

Init In

| Kaufmann pf..104 Kress 26 Kroger G&B ..

llied C

Am Cr pe

Am AmaFEwr $1 bt 20

Am Am Am

Metal R C cv i 11% p 43

Am Am Am

’k.. 33 .e 1} V2 . 15% . 19% 4%

Colgate-P-P ... Colum Gas Cons Aircratt. Cigar .

Cons Cons Cig pf Cons Coppernms’ Cons Cons Cont Cont Cont

14% 44%, 33 9% De 2% 21% «38 29 160% 160% Ee oo 32, . 42% 62 —— oe 43% &T ..12

1 47

Deere & Co Diam Match Du Pont

Elec Auto-L 32% End Johns

Eng Pub S ... 62

Fair Morse

43% Fed Lt Ta

Gen Hlectng. ves

hotind Cp.. 12 Greyhnd 5% bf

Hall Print ....

arb-Walk .... ecker Prod...

erchem_.... 25 terlake Ir ... Ag pr of Hyd El A.

104 261%

20% 29%:

Lane Bry

h P Cem Leh V Coal,. Leh V Coal nf..

president of the New Augusta State|Lehman Bank at the annual meeting. E. W.|1}

Johnson is vice president and R. E. Ie

427%,

ia *

8 Ya

—- CO 00 ht Ob but lh 1b

SH NS SE

duis

— =I obs a3 bt BD

ule

21 Va 2

9 160%:

32%

0 ge ed

ra hI

400 «3 C1 EO AI MEIN OF ob

‘1, | try bo

‘3, | vanadium .

a Yale

Year Ago High (1940-41). 152.80; Low, 111.84. High (1939), 155.92; Low, 121.44.

¥s | Yesterday Week Ago

'% | Month Age ...

8 | Year Ago High (1940-41), 32.67; Low, 22.14. High (1939), 35.90; Low, 24.14. 13° UTILITIES 4 | Yesterday Week Ago Month Ago ... Year Ago High (1940-41), 26.45; Low, 18.03, High (1939), 27.10; Low, 20.71.

425% 15% & 15% 13% *.13 47% Up. «vies 10%2 va: 23, 90 61% ..129% 129% —V—

32% 26%

U Us Steel of .

ee 32% va-Car 6 pf ... 26% 8 Walworth Warren B

El 6 . Westing El wily © Overlnd. . orth ..... 3312

& T iyo: Young Sheet .. Young Stl Dr..

2% 33% _— —Y— 21 -— 39%; 39% wn 179% 17% 38 sees

HLOAN ASSOCIATION “.“" RENAMES OFFICERS

Shareholders of Shelby Street Federal Savings and Loan Associ4 ation re-elected Charles W. Braugh-

ton, Frank M. Hueber, Chris Behrmann and William H. Faust as directors at the meeting yesterday. Other directors are Louis

Longere and Edward Woempner,

Schakel, secretary; treasurer and Mr. Faust, attorney.

Lumbermen Meet

Here Tomorrow

The Indiana Hardwood Lumber- |X men’s Association will-hold its annual meeting at the Severin Hotel tomorrow. The business session will be held in the afternoon, followed by a banquet.

Auto Dealers To Hear-Mattias

.- Joe Mattias, known as the “counsalesman” of Ft. Worth,

Tex., will speak at a breakfast meet-

n ing at 7 a. m. tomorrow at the Co-

lumbia Club. The meeting is spon-

Net Low Last Change -l

C. Brandt, Heary F. Weiland, Adolph

2| Frank J. Schuster was elected president, Mr. Braughton and Mr. Belirmann, vice presidents; Fred C. Mr. Hueber,

The review states that during December both Center Township and WPA relief rolls and costs were somewhat higher than in November but were 30 to 40 per cent under a year ago. Job insurance benefit payments were 6.4 per cent less than in November and 25.1 per cent under December, 1939. Other substantial business gains were reported in industrial power and gas consumption, bank clearings and debits, telephone, streetcar and water revenue, postal receipts, new car sales, stock receipts and air travel.

Carl F. Fischer State Corn King

LAFAYETTE, Jan. 16 (U. P)— Carl F. Fischer, 27-year-old Waldron farmer, ranked as the Hoosier corn king today after his entry of white corn was awarded the grand sweepstakes ribbon at .the Purdue University Agricultural conference. The new champion, brother of Charles Fischer who won the International title last December, grew his prize-winning sample on a 25acre plot within a mile of the place where the International prize entry was raised. This was his first competition in the state contest. Reserve championship honors were won by Roy E. Snoeberger of Rockfield with a 10-ear sample of Reid yellow dent. Wilbur Wishard, Whiteland, took the sweepstakes on single ears, also with an entry of Reid yellow dent. Midseason corn sweepstakes were won by R. A. Mitchell of Wingate with an entry of yellow. dent. Championship award in oats went to Carl Shields, Marion, and in soy beans to Martin Brothers at Walton.

Incorporations

Basin Drilling Co., tion, admitted to Indiana to engage in oil and. gas development. Purity Mining €o., Inc., Chandler; agent, Charles Kinder, Eiberfeld, 100 shares no or value; operate coal mines; Joseph rrall, Char York, Charles

Kentucky corpora-

am Mill & Elevator Cc., Columbia City, pielminazy dissolution. E. V. Knight Corp., New Albany, preliminary dissolution, South C. ‘A. Realty Co,

fouih Bend, dissolution. he Winter Club of Indianapolis, Inc., Bra City, no capital st : promote interest in ice skating Advance Block Ag ‘Material Co., Inc., Indianapolis, amenqient changing number of directors to thr South Bend Maytag Co. South Bend,

. | Wadl

RE-ELECTS AIDS

E. Kirk McKinney Head of Local Insurance Company.

The Jefferson National Life Insurance Co. of Indianapolis last night re-elected officers and members of the board of directors at meetings in Hotel Washington. E. Kirk McKinney was re-named president of the company at a meet-

ing of the directors following the stockholders’ annual meeting, | Other officers are Guy Colerick of Ft. Wayne, vice president and general counsel; Walter E. Helmke of Ft. Wayne, vice president; Leonard B. Marshall of Terre Haute, vice president; John T. Rock of Anderson, secretary; Carl A. Ploch of Indianapolis, treasurer; M. F. Latz of Indianapolis, assistant secretary; H. E. Poff of Indianapolis, assistant vice president; E, E. Ballard of In-| dianapolis, assistant vice president; Dr. John T. Day of Indianapolis, medical director. Difectors elected for the year were nominated by Albert H. Gisler, president of Kothe, Wells & Bauer Co. They are Fred T. Greene, presidént of the Federal Home Loan Bank ‘of Indianapolis; Charles W. Cole of South Bend; Mr. McKinney, Mr. Colerick, Mr. Helmke, Mr. Rock, be. Dov, Mr. Ploch and Mr. Marshall.

LOCAL PRODUCE

Heavy breed hens, 12c¢; bareback hens, d White Rock spri 3 a a, heavy breed aring- ; Leghorn springers, J'c; bareback 9c; old yoosters: 6e. 17¢: Sans

and m EES. eggs, 12¢; mo grade, 13c. tter: No. 33@ 33a: No. 3l@

Bu 1. 2, 31%2c; butterfat; No. 28c; No. 2, 27c. (Country pickup i quoied ‘by the

hens,

small Grade A

FOREIGN EXCHANGE

NEW YORK, Jan. 16 (U. P.).—Following are noon .cable rates on major currencies: Ca hi Rates Net Chg. England (pound) Canada (dolla +.00 3- 16

Switzerland (franc) padi Sweden {krona} vases Japan

dissolution.

11c; Leghorn hens ‘8c; bare oack Leghorn |

60,000 will be working on war orders alone. The total will ine crease further when the automotive industry starts its $500;000,000 program to produce parts for 12,000 Army bombers. Many of the workers, however, will he diverted next year from regular motor production, which K. T. Keller, presi= dent of Chrysler Corp., said ree cently likely would be affected.

Bank Clearings Climb

Already, Wetroit’s bank clearings and debits and passenger ‘travel on street cars and busses are at 10-year highs. Industrial power consumption is at a record level. Christmas trade was at the highest item—but not dollar—vblume in history One hundred Detroit plants have received defense contracts for everything from tanks to floor wax, trucks and automobiles to brightener, aircraft engines to pile low cases. Labor unions and the American Society of Tool Engineers disagree as to whether a shortage of skilled mechanics exists. One motor expert, supporting the engineers, estimated that 50,000 skilled workers ‘may have to be imported to Detroit to run the mass production ma= chinery that will turn out do ankity material for the Army and Navy. The society of tool and die craftse men believes, however, that *“thou= sands” of skilled mechanics are idle here. The WPA roll has shown only a slight decrease, largely because its roster includes few workers adaptable to preparedness jobs. Perhaps only 10,000 of a 112,000 backlog on the Michigan employment service roll likewise may be suitable for defense work.

Payrolis 16 Million Weekly

Wayne (Detroit) Ceunty payrolls ° have risen. to an 1l-year- of nearly $16,000,000 weekly, aided by wage increases for hourly paid ems ployees of Chrysler Corp., the Pack= ard Motor Car Co. and the Briggs Manufacturing Co., as well as some ° smaller firms. 4 Automotive production, means time, has continued at. high levels, records for some companies, justi= fying - earlier predictions that the 1941 model season output would be 10 per cent above last season. Auto= mobile sales in the Detroit Ha during the first 11 months of 1

:‘lwere 110,970, up 46 per cent over +| deliveries during the same period w

n (ye Mexico yao)

of 1939.

3d idown 85@17.

doar ST

mostly steer run with mediom and grad? predominating; ) fiurictly good and

‘Brouy 25s lower on c 25@50¢ off.

STOCK PRICES DROP = siieies = AGAIN AT NEW YORK 55:85 LE)

arly Ey n oh th ise grades, 50: no strictly but several loads choice steers with or pt i UDWArY is pry steady: NEW su slow but a : YORK, Jan. 16 (U.P.)~—- mo ly Baw: i trade: ows and buls also an ady to weak; extreme Stocks declined today for the fifth Welgh(y sausage bulls, 48: 7, Sales consecutive session. Trading in-|cutter cows as

choice creased as compared with yesterday

sored by the Indianapolis Automobile Trade Association,

~'iu|Indiana Railroad 3: To Exhibit Bus =% The 27-passenger busses which Indiana Railroad will use on the Indianapolis-F't. Wayne line beginning Sunday, replacing the tractions, will be exhibited at e

is | Terminal between noon and 6 p. m. tomorrow. Ya

WHEAT PRICES SAG + HALF-CENT A BUSHEL

B. RR. Brammer ‘was added to the board! of directors. Directors reelected include C. J. Maines, S. B. Wilson, W. R. Conarioe, B. D. Hockensmith, E. W. Johnson Jr., Mr|Nat Aviation .. Gullefer, Mr Johnson and Mr. Huff- N man... .

McGraw El ... 23% BR eeee McK & Rob.... ST eese McLellan St .. Fis Ta Monsanto «..... 83% Hr 83% Nn 10 10 17

Time for a rest?... pause and

strong

| Speedway State

Dr.. A. O. Ruse was re-elected No Pacific ... 6% president of Speedway State Bank, Byroi; D. Hockensmiith, vice president; and H. L. Keller, cashier, at

the gnnual 4a] diréciors meeting.

FARM INSURANCE

Western lambs .103%2 103%

52% 47%

Omnjbus pf . Otis Stl cv 1 pf 52%; Owens Ill Glass 47%2

Poe

28%

52%, +

47 —

hizh $6.50: weighty shipping vealers E teady at [$13.50 @14; others oy | Pheer Teselpis. 9000; late, Wednisday, a ambs rong to when the total set a new low since @303" hove best thine: og assy Je Oc : - ef Je to n th ha y g:- bop $1050, 236.60; 60: ear bod we a slaighter ih Teatrs IS Eg Lary diay tag, FEL point were made in e leading oper] ling wea 0 25¢ lower: about si: ¢ loads Sues: during the morning dealings,|9g0d 67-00-Ib. fed’ Wesiarn lambs, $10.500 Pac G & El.... Some recovery from the lows wes {'to choice grade: no early action on made, but there was no ney buying | *** 15 attracted to the list, which held a 3

steady at lower levels in the early afternoon. Though the listed market was dull, preparations went. ahead for the sale of vast amounts of listed stocks on the over-the-counter market. A block of 500.000 shares of Standard Oil of New Jersey is slated for offering outside the Ex-

change after the close. This alone;

represents 25 per cent more shares than all the transactions on the Stock Exchange yesterday. The block is for an estate and has no connection with British holdings. Beveral blocks of British held stocks

. also are scheduled for sale shortly.

U. S. STATEMENT

WASHINGTON, Jan. 16 (U. P.).—Gavernment expenses and receipts for the current fiscal year through Jan. 14, compared with a year ago:

Expenses .

OTHER LIVESTOCK

FT. WAYNE, Jan. 15’ to Pp.) .—HHogs— 25 gents lower; .210-220 -Ibs., 20-210 ; 160-180 1bs., i 30; 230- ‘950 1bs., 1bs., $8.10; 275-300 Ib

$6.80; Roughs, i stags, 55. calves, | lambs, $10.25. $10.2

LOCAL i Esuss

The lowing votalions by the Indianapclis Bond & Share Corp. do not. represent actual price of oiferings, but merely indicate the approximate marke level booed on buying and selling ons of recznt transactions. Bia

Stocks T% 4

nd 1s Gas Co nd” fy dro

A hill to extend 10 farm mutual

co the oppo: tunity to write|(R 1bs., |insurance on farm property similar

to that now writter, by fire insurthe Indiana House of Representatives today. This measure, presented by Rep. Charles Coffin, (R. Bloomingdale)

companies and to protect their polic7holders, according to. Rep. Coffin. i

It would also consolidate and

5 2 codify the law now covering farm

mutual companies: This bill has! been indorsed -by the Mutual Insuratice Companies’ Union of In-

BILL INTRODUCED]:

ance companies, was introduced in|Reyn Tob E ...

Safeway Savage Arms .. Soars oR ea en woul provide minimum standards Shell on L Oll'*

to guarantee the stability of the|Siyer ¥

17a 38 » 1 a

oth Fac td td O Cal..... td Oll Ind ... 314 Oil NJ ... 34%

t & “o's nsnine Min.. 8%

! peer ot Su ie

diane consisting of hy farm mutual Texas Corp .... 38%

junsh Hy . 16 . 22% lo

ft & C "38%

14% 26

-_ Ya

DEH HE

se 3 Se

CHICAGO, Jan. 16 (U. P)., — Wheat prices on the Board of Trade yielded about 14 cent a bushel today after showing fractional gains at the opening. Corn held barely steady while other grains were mixed. At the end of the first hour,

¥, | wheat was off % to % cent, May,

865%c. Corn was unchanged to off 1 cent; oats off 4 to up % cent; rye unchanged to up % cent, and soy ‘beans off 3% to 3 cent.

WAGON WHEAT

oT Sana lis grain elevators are payin + °F whe at. Shc: subject ble market eir meri isoes new vellow shelled corn. 4 white shelled corn, 58c;

comyanies.

DAILY PRIC E 'E INDEX

NEW YORK, Jan. 16 (U. P).— Z{Dun & Bradstreet’s dally weighted price index of 30 bssic commodities, comyiiled for Uniteci Press: (1£30-32 average equals 100). Yesterday ......cosheesensnsio 124.94 Weelt ago . sce essesnece eo 0s 125.21 Mon:h ago C00 NII NNN SNLIY 123.30 Year B80. ss.sonvalsss arses 102.13 1940-41 high (Jan. | | "9, 1841).. 126.21 1940-41 low (Aug. 19) .s 112.42

TIS INS GET

417 VTL

AT OUR usuAL LOW PRICES

Ah 43 S.

Receipts .. 308 133 Gross Det. . Net Def ..

h EL. Work a fr ..45, 110.

Gola ay: LX 6s. 252. 9€ 99 Customs .. 173 ,398,198.23

INDIANAPOLIS S CLEARING HOUSE Clearings . $ 4,243,000 Debits ......ccccoineiiiiiiin.nnn 10,740,000

. FOOD PRICES

CAGO, Jan. 16 (U. ~Apples— chigan Jonathans, bu., a1. So: Celerv— ja squares, 40@75c. Spinach—

xas, bu Jo@sse. Caulifiower—California, Way 3 185" Cabo: abb- Reynolds. Taylor Ss 4 42..

crates. $10 e T&T £1 Wayne (s 43. 7) ie: Lettuce—Arizona, craies, 8500 $4 SE, Patiiate Hennes see, bl., Ing” A Tel Co, 0, 3s oli: 0 1.4501. 85 ies tii nd

ellow 10@30c; Wisconsin Yellows, 70@

iF The CHICAGO

Tim. Kx. . - 3%

. 33% nap Tri Con 1% i Nat Life pis . 49 N Ind Pub Serv 8120, oom 0d b Se pla... 108%: 1

» Und Ell Pish.. : 3 Union Carb .. Un Pacific

Sincoes

Ea rrree o 8

Bonds ; Arperican [oan 3 Bliiissaasss 99 American Loan bizeng In e T&T ne ‘Ya Carrots

Ice-cold Coca-Cola makes ‘time out’ time for refreshment. You can taste the quality of ice-cold Coca-Cola, and feel the after-sense of complete refreshment it always brings. So when ‘you pause throughout the day, make, it the pause that refreshes with ice-cold Coca-Cola. .

Do You Face Each ‘Day With Dread Just Because You Don’t’ Feel Good?

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