Indianapolis Times, Indianapolis, Marion County, 5 March 1941 — Page 16

n { Consequently, more complaints are. being heard that material is not arriving when specified. Assembly lines haven't faltered yet because of delayed steel shipments but on the other hand steel being shipped to or stored in automobile com - pany’s plants is hardly sufficient to keep up the present auto

: Roger Budrow

output pace. ‘This situation is one fashioned,

to some extent. by the automobile.

industry itself, Mr. LeGrand points out. Anticipating a steel shortage,

5 auto firms ordered enough steel for

the balance of the 1941-model run instead of for the first three months only as they usually do. But sales pressure was not re- : Jaxed and new cars have been selling at record-breaking proportions. Production continued unabated through February and the companies are under pressure to turn out even more cars this month, April and May. Whether or not this will be done depends on whether the public has been oversold and whether steel supplies hold up. 5 ” 2 ” THE VAST American Telephone & Telegraph Co., representing the

largest aggregation of private capi"tal in any one unit in the world— more than/ five billion dollars—reveals in its annual report that:

Automobile Companies May Face Problem Due to Steel Shortage

By ROGER BUDROW

E. AUTOMOBILE COMPANIES MAY BE FORCED to cut| down on making passenger cars in the next two or three months because they can’t get all the automobile steel they want, according to Rupert LeGrand of American Machinist. i Several things have contributed to this steel situation. ITightness has developed in supplies of alloying _gonstituents i—manganese and chromium in particular and to some extent in nickel, Mr. LeGrand says. Steel mills are working at near {capacity and when a breakdown occurs, there is no slack their schedule to make up for lo#t time.

GERMAN FUNDS RISING IN U. S.

Money Accumulating Faster Than It Can Be Spent, Survey Shows,

By ROBERT A. KNOWLTON United Press Staff Correspondent WASHINGTON, many’s funds in this country total “hundreds of millions” and are in-

finance showed today. Some of the funds are being diverted to accounts for propaganda and other purposes throughout the hemisphere, according to a reliable source that has studied the |B data.

lar balances here set a figure of about $250,000,000. It was learned, however, that this sum represents only openly held balances, and does not take into account large amounts which are German-controlled but nominally owned by neutrals. A large share of these assets, it was said, were purchased indirectly with the $500,000,000 in gold which Germany has obtained from

European nations. With this gold, official deposit accounts are opened in neutral nations, which are in

m March 5—Ger-|3

creasing ‘faster than they can be Am spent, latest data on international A

Official estimates of German dol-| Bios”

the central reserves of occupied|§

To speed up the making of thousands of" airplane parts needed for America’s fighting alronalt, rubber, compressed to the hardness of steel, is forced to cut aluminum parts (wing ribs, struts, pieces for fuselage frames) in gigantic hydraulic presses. The process was developed by Henry Guerin, engineering executive, at the Douglas Aircraft plant at Santa Monies, Cal. In this plant, where hard rubber is substiluted for one of the dies within. the press, output exceeds 44,000 pieces every 24 hours.

“TMOST PORKER PRICES DECLINE

But Heavy Hogs Command . Higher Rates Here; 8014 Received.

HOG PRICE RANGE Top Receipts 10,088

600 B880sgennntttens 8.05

1.500 9.32% 10.060 6,702 8.585 5,563 7.501 7.90% 8,014

March 5 SesB ras ssssstiany 8.00

A two-way market prevailed in hog trading at the Indianapolis stockyards today, the Agricultural Marketing Service reported. Prices went up on heavy hogs and down on’ lighter hogs. Weights under 160 pounds were 25 cents

Net High Low Last Change ap A nee

83 -— Y%

is 5

"2% % i) 7 5s

0) ON

3: DAE Dob Ro ARN y ae A SB :

+E +

= DI CI ON pt CO EN Ne EEA BNE

03 I++

Atlas Corp ea

Bath Ir Wks... Bendix Avan .... Beth Steel .... Boeing Air .... 1

+111;

Budd Mig

Callahan Zinc... Calumet ’ Celanese Celanese pr pf.l Ches & Ohio .

tii

1&F non Moly Co 3 Colum Gas .... Com Solvents .. av Cons Copperms. fl Cons. Edis pf.. j108 7

Crane Co $V Crane Co cv of 10] Cream Wht , Crosley Corp .. Crown Zeller .

Y. STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday Week Ago ....c... Month Age . Year Ago High (1941), 133.59; Low, 117.66. High (1940), 152.80; Low, 111.84.

Yesterday Week Ago Month Ago Year Ago High (1941), High (1940),

29.73; Low, 26.54. 32.67; Low, 22.14.

Yesterday

Week Ago

High (1941), 20.65; Low, 18.81. High (1940), 26.45; Low, 18.08.

Net High Low Last Change Pu .. 26% 2

Penn RR Phillips Pet ... Procter & G .. Proct&G pf ... Pub Serv

STOCK MARKET

«Westinghouse Electric's $3

Slump Features Quiet Trade.

today. Other

ties.

garia, experts said.

IS IRREGULAR:

NEW YORK, March 5 (U. P.).— Weakness in Westinghouse Electric, which lost nearly 3 points featured an irregular, quiet stock market

leaders were narrowly mixed. Motors had insignificant losses. U, S. Steel was at the previous close while Bethlehem showed a minor loss. Small gains and losses balanced in rails and utiliAllied Chemical was up a point. Johns-Manville lost a point. Sentiment was improved by the ready sale after the close yesterday of 200,000 shares of U. S. Steel, but traders continued cautious pending further developments in Bul-

Business news was favorable. Elec-

lower than yesterday; from 160 to 240 pounds prices were 20 cents under yesterday; from 240 to 270 the decline was § to 15 cents. But

The top was $8 for good and choice 220 to 230-pounders. Vealers were steady with a $12 top. The Marketing Service reported 1224 salable cattle were received, 524 calves, 8014 hogs and 211 shee.

HOGS Barrows and Gilts

gyeyaaned §883UsEess S88I3BRL

@ “433939300 a o §

2 939833390 3 Bissgunity

i 32k HH

God and Choice— 0- 300

pounds cececccecces 200- 330 poun : 3.30- 360 pounds

400 POUNAS c.ovoceevaes 400- 450 Sounds 450- 500 pounds Medium250- 500 pounds Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE Slanghter Cattle & Vealers (Receipts, 1224)

3 — on

7.10

8. 17.05

& 338

7.00 6.95 5

s.85@ 6.75 6.609 6.8

5.25@ 6.10

INDUSTRY USES MORE ‘ERSATL® 4

Substitute Materials Not

Necessarily Inferior, Steel Says.

CLEVELAND, March 5 (U.P.) = Steel at the present is fairly free of government rationing regulations but priorities are being imposed on other items inside and outside the industry with the result that civile ians must resort more and more to “ersatz” materials, which may not essarily be inferior to the orige has the magazine Steel said to-

Oe publication stated that seve eral makers of consumers’ goods ale ready .have announced shortening of lines, such as refrigerators, especially where scarce non-ferrous metals, such as alumihum, zinc and nickel, are involved. © «Certain automobile makers, using foresight, long ago planned alternate analyses and steels for use when one alloying material or another might become scarce,” the authority said. “Many are therefore in a position to adjust themselves to the present situation without undue dif« ficulties. “Considerable tonnage of steel stampings will be used in 1942 automobile models in place of die caste ings. These will be chromium plate ed. ” The magazine stated that. among items now regulated are aluminum, magnesium, zinc, steel structural shapes, steel plates, stainless steel, commercial aircraft and machine tools, with each being subject to special regulation. There is very little interest in pending price announcements, the Da said, since consumers and producers are more concerned with future supplies than with prices.

TRADING IN ZING FUTURES BANNED

NEW YORK, March 5 (U. P). — Co-operating with national defense officials, who have been showing increasing concern over the scarcity of zinc supplies, the Commodity Exchange, Inc., has banned all new dealings in zinc futures and limited trading to the liquidation of prese

“Housing Defense Workers” will be the subject of T. W. Massoth, personnel director of R. C. A. Manufacturing Co., Inc, when he speaks to members of the Indianapolis Real Estate Board tomorrow noon at Hotel Washington.

ORDERS PILE UP IN STEEL MILLS

Production Is at Virtual Capacity but Buying Increases.

NEW YORK, March 5 (U. P.).— Steel mills ‘are mainting production at virtual capacity but the steadily increasing flow of orders is piling up backlogs and lengthening deliveries on non-defense business, the Iron Age magazine reported today. The trade journal stated that new bookings last month were 10 to 25 per cent greater than in January with an “ificreasing amount” of the buying for defense work, with deliveries on all but “preference” orders ranging from July to November on many products. It estimated that United States, British and Canadian orders are now accounting for 35 to 40 per cent of the current bookings, and reported that mills are using every

Crucible St .... 4 Ra Cudahy Jonier

tricity output showed a gain of 14

Bell System revenues were nearly turn exchanged for drawing power 14.90 | means possible to curb excess buy-

ee _—_—h—h_esid

one billion 175 million dollars. Taxes were nearly 185 million dollars. - Almost 90 million miles of telephone wire are in use.. There were nearly 17% million telephones in use at year’s end. Bell System

has 275,317 employees.

conversations were made.

~~ B02 stockholders.

About 80 million daily telephone It has 18,686,794 shares of stock and 630,Its $9 annual dividend has been paid in full since 1922 when it was raised from $8 a share. Whew!

¢ ” n 2 FARMS ARE GROWING larger, the Census Bureau finds. The average American farm comprised 157 acres in 1930 and last year the av-

- erage was 174 acres.

~ Dust bowl droughts were partly

responsible because many abandoned farms, taken over by banks and mortgage holders, were combined. Greater use of farm ma_chinery, making it possible for one farmer to manage many more acres,

on the neutral’s balances in New York and other money markets. Other gold seized by the Germans has been unwittingly bought by the United States Government, after being shipped to New York from neutral countries under ostensible neutral ownership. Obtain U. S. Securities Large amounts of foreign-owned American securities are also believed

to have been obtained by the Ger-

mans in occupied countries, Freezing orders are no guarantee against conversion of these securities; it was pointed out, since many of them are unregistered and may be sold on European exchanges without the necessity of shipping them to ‘the United States.

to obtain dollar exchange include: 1. Direct remittances by. persons living in the United States to friends and relatives in Germany. Such remittances, which must be exchanged for marks by the recipient, were estimated at 10 million dollars

Other methods used by Germany |;

Curtis’ Pub .... Curtiss-Wr

Davison Crem ‘ Diam ot . Douglas i oh Du Pont Du Pont pf

Bec Boat Ye 1} Pw&L $7 pf. 3 J G-

Gen Bronze .... Gen Electri ... Gen Foods Ge

of. ... 8 Greyhound Cp |. | Hat

OMI Hayes fz aide Hupp Motor ...

Int M Marines; . 1 nt P&P ..i. 8

+ ++

Jarvis Co

Kendall

I++

Rayonier pf ...

evere

TE Fr ow seesaw

eyn Tob iS et Richfleld Oil ..

FREER

S *

Timk-D ax ree Timken Trans & Rar Afr. Truax Tra Twin Coach Ps

aa a

Union B&P ....

sa Ew

y Pa El 1 pf...111} Vest Union ... 19 esting Fl _.... 94% Theel Steel ... 257 /ilson & Co.... 4 Joolworth .... 30 rigley : 69 We

Young Sheet .. 34 34

111} i 25 4% 30

CEs

per cent over a year ago. Carloadings for last week were estimated

Nov. 9. The Bell Telephone Sys» tem reported its telephones at the end of February at a record high of 17,731,600 units.

CORN PRIGES RISE;

day. Other grains were mixed.

was unchanged to up 83%ec.

%e,

and soybeans up 3% to 2c

RUSH TOOL FACTORY

at 761,000 cars, a new high since 1

312. 25 00

12. . 12.00 1 00 . 12.00214.00

18 J 30812 .25

. 12 8S . is .. 12.00 ds 0.00@ 12.00

ing by their regular commercial

customers.

A complicating factor in this di00 | rection, the magazine said, is that many commercial consumers have

ently outstanding open positions. It was the. first move by. a major exchange to close down futures tradsing in a commodity because of the defense program. Theoretically, the ban will lessen the- possibility of a speculative rise in the metal, ch

“WHEAT IS STEADY

CHICAGO, March 5 (U, P.).—|Good— Wheat futures on the Board of Trade showed no change of im-|comm portance in quiet early dealings toCorn displayed a firm tone.

At the end of the first hour wheat Rests Corn was up % to 3%c; oats unchanged; rye off %4 to up %ec,

Medium 750-1100 pounds eeee cranes 1100-1300 pounds ....cecevee.. Comm )

on-— 750-1100 pounds Steers, Heifers

ee 7.75@ 8.50 Cholce— 500- 750 pounds

Good— §500- 750 pounds ..........e0 Heifers Chol

Of 750- 900 pounds .iccecescees

[email protected] [email protected]

11.00912.00 [email protected] 8.00@ 9.50

1.50@ 8 . 0 5.25@ 6 4.50

5.25

750- 900 pounds Medium— 500- 3 pounds ...

secsnesenen,

Balls (Yearlings exeluded) 7.750 8.50 8.25

7.75 1. a 7.756 6.25@ 7.25

received more business than they expected and need more steel than they originally ordered. The Iron Age stated that most consumers are not greatly concerned over the delay in announcing second quarter prices which are being held up pending the outcome of wage conferences now going on in Pittsburgh and which are expected to reach a conclusion this week. “Opinion in the industry is that, if a wage increase is granted, it will be much less than the 10 per cent advocated by the Steel Workers Organizing Committee, possibly not more than 5 per cent, and that there will be no horizontal increase in prices,” the publication said. The magazine estimated this week’s steel production at 98 per cent of capacity, up & point from the preceding week, despite interruptions caused by last week’s strike

has scored a major increase during the last few months, The zinc supply’ situation is ree garded as being so acute that ine formed metal tradé quarters are predicting the early ‘establishment of priority control by the OPM.

TELEPHONES GAIN BUT PROFITS DROP

NEW YORK, Margh'$ (U.P) — The number of telep! served by the New York Telephone Co. rose to a record high level during 1940 but earnings dropped to $8.17 a common share from $8.40 in 1939 in reflection of sharply increased tax provisions, the company’s annual report disclosed today. Telephone service of the company, which is the largest telephone ope

for the calendar year 1940. 0 2. Occupation charges. France it was pointed out, is forced to pay|Ld an occupation levy of 400 million francs, or eight million dollars daily. Some of this is believed to go

SIDNEY, O., March 5 (U. P.).— Construction on the new $650,000 qn addition to the Monarch Machine Tool plant here, started Jan. 17, is being rushed to completion ahead of schedule and will be ready to

oF was another factor. 8 n ” ODDS AND ENDS: Blending

grain alcohol with gasoline (to conserve gasoline and aid farmers);is

erating subsidiary in the Bell Sys+ tem, at the end of 1940 covered 2,710,161 units, a net increase of 92,197 telephones on the year and compared with the previous peak set in January, 1930, at 2,696,603

at Buffalo and equipment stoppages for repair.

U. S. STATEMENT

WASHINGTON, sR 5 (U. P.).—Gov-

TWO SUGGESTED AS EXCHANGE CHAIRMAN

NEW YORK, March 5 (U. P.).— . IRobert P. Boylan and Robert L.

u & Nath Feeder and Stocker Cattle Steers

N % x Chol (Receipts, 524) ie r oice— : 500- 300 un May ho 300-1050 pounds .

Madall Corp ...

esses verte

and more cotton used. , , .

“economically unsound” because a 10 per cent mixture of alcohol with gasoline would raise the nation’s fuel bill 690 million dollars, Amerjcan Petroleum Institute says. .. . President Henry M. Dawes of Pure Oil Co. believes this nation’s present oil wells could supply normal

and military requirements of the

entire world if it became necessary. . The old “wolf in sheep's clothing” is being reversed out at Laramie, Wyo.; where ewes are wearing cotton coats to keep them warm. If the experiment works out, ewes will need less feed, more and better wool will be produced— Allison turned out 400 motors in February compared to 350 in January, 286 in October and 73 last August, Wall Street Journal reports, and U, S. Army orders for the Allison engine now amount to $234,000,000. .° If President William McChesney Martin Jr. of N. Y. Stock Exchange is drafted, as is likely, he will exchange a $48,000-a-year salary for around $21 a month in the Army. gislatures of Arkansas, Colorado, evada, Georgia, Iowa, Vermont, assachusetts, New York and Washington are considering bills moving license plate deadline from Jan. 1 to at least March 1, as Indiana has done.

for the purchase of American securities on the Swiss and other neutral markets. 3. Sale of so-called “remigrant marks” to Americans of German extraction. These marks are exchanged at a low rate for dollars belonging to persons who hope to make their home in Germany after the war. No accurate estimate can be made of the amount so exchanged, but it is believed to run into millions of dollars. 4, Forced levies on nationals of occupied countries who hold dollar balances in nations whose . United States credits have not been frozen.

U. S. Pays Patent Fees

American manufacturers operating under German patents, it was said, . are still turning over large amounts of patent fees to German

. .lazcounts in United States banks. So

large have some of these accounts grown that reliable reports indicate that German industrialists have offered, usually through agents, to purchase several German branches of American concerns, with payment to be made in New York. Because of these and other financial manipulations, it was said, Germany's capital position in the United States is better than ever

before.

- THE PENNSYLVANIA RAILROAD SUMMARY OF ANNUAL REPORT FOR 1940

TE 94th Annual Report of the Pennsylvania Railroad Company covering operations for 1940 will be presented to the stockholders at ‘the annual meeting on April 8, 1941. Operating revenues increased $46,662,630 or 10.8%, over 1939. Operating expenses increased $31,553,843

or 10.3%. Taxes increased $3,789,341

ot 9.5%. Net income was $46,238,250

an increase of $14,205,725. Surplus was $36,806,665 equal to 5.60%, ($2.80| per share) upon the outstanding Capital Stock (par $50) as compared with

3 52% ($1.76 per share) in 1939.

OPERATING RESULTS

“Tora OrerATING REVENUES WERE Torar Operating Expenses WERE

‘Leaving Ner Revenue From RanwAay OperATIONS OF ..

Taxes AMOUNTED TO

Hire or EquipMeNT AND JoINT FAciLIty RENTS WERE ....

. Leaving Ner Ranway OreraTiNG INCOME OF "Income From INvesTmeNTS AND OTHER SOURCES WAS ....

- Maxme Gross INcoMme or

1940 $477,503,408 138,454,678 139,138,730 43,885,188 8,754,056 86,499,486 *41,335,65% 127,835,141

1939 $410,930,778 306,000,835 124,029,943 40,095,847

sssccscenes

77,304,328 36,864,230

114,168,558

* Freep Cuarces, Cierny Rentaws Pam To Leaseo Rosse,

AND INTEREST ON THE Company’ s Dest. . Leaving Net Income or

APPROPRIATIONS TO SINKING AND OTHER FUNDS, ETC. SR DIRPIUS, ....covovrrissivsssosnressres

ses vovene 81,596,801 46,238,250 0,341,585

36,896,665

82,136,033 32,032,525 8.854.830 23,177,686

*Includes dividend of $5,000,000 in Securities received from Pennsylvania Company. Dividends aggregating 39 ($1.50 per share) were paid during 1940 com-

5 © pared with 29, ($1.00 per share) in 1939.

The Management recognizes its responsibility to give the stockholders

“salient facts relating to the Company's business, service, finances and other

important matters and does so through the medium of the press and the annual yeport. Through the cooperation of the security holders, the public

: : and the employes, your Company is able to give good service, pay good

swvages, meet its obligations and pay dividends.

M. W. CLEMENT, President

E PENNSYLVANIA RAILROAD

SHIP AND TRAVEL

VIA PENNSYLVANIA

de can obtain copies of the Annual Report from Fidirig Stétion Building, rh

ry Willeox, Secretary,

Bytng Fhlowigho Ps

6,629,768 |

14+ Sle

MeCro'y . .{.. McKeesport McKes & Rob.. Mont Ward .... Murray

D+]

Nat Biscuit .¢.. Nat Cyl Gas ... Nat Distillers .. 2 Nat & Lt

FHH++] ++ HE

14% “14%

—i

No Am Avn wk

Ohio Oil 87% Otis Elev 1534 Owens Tl Glass 43%

153 43%

+1]

‘ECONOMIC PINCH’

CHICAGO, March 5 (U. P.).— Philip R. O’Brien, president of the Chitago Board of Trade, said yesterday that grain brokers and traders are suffering from world economic conditions and predicted that they “cannot long survive the economic pinch that has prevailed for several years.”

Mr. O’Brien told the agricultural

of Commerce that growers in the Americas will be in a state of extreme uncertainty as to the future until outlets closed by the war are reopened. | He reminded that there are great grain surpluses in the United States, Canada and Argentina. | Close co-cperation between grain merchants and growers is essential, he said “Perhaps it is trite to say that a nation cannot prosper without a prosperous agriculture,” Mr. O’Brien |said. “But it is an indisputable fact that should be written indelibly upon tae minds of all alike— industrial lesders, financiers, political leaders, social service leaders, and all those who have a stake in the nation!” . { He said some laws have worked a hardship upon the Board of Trade but that it should be recognized that “these laws represented proad, general and sincere efforts to help solve the farm problem.”

FOOD PRICES

AGO, March (U. Michigan Jonathons Bu. bg 180 5. Epinach— BE loa hil

Michigan stfu: ares, os sb Carrots—Cali-

—Mexican Texas bu. Lettuce= Arizona crates, $2.40@3. Sweet Potatoes— Yellows, 60@70c. Michigan whites

gi. 25. Apple

Ju $2. Sass fornia crates, [email protected]. fornia crates $2.25@2 Tennessee hi. [email protected]. Onions (50-1b. sacks) Wiscansin Yellows, 60c. Michy a 1.05. Colorado Sweet Spanish, 28.

TIS

20 Months to P-A-Y

SACKS BROS.

OLDEST AUTO EOAN CO. IN INDIANA

»|the board of governors.

GRAIN BROKERS FEEL i

division of the Chicago Association |p

, | Stott have been proposed to the

nominating committee of the New York Stock Exchange as candidates for the office of chairman of The annual election of the Exchange will be held May 12. Mr. Boylan, with offices at E. F. Hutton & Co. is a former president .of the Chicago Board of Trade. Mr. Stott is a member of the firm of Wagner, Stott

4 | & Co.

LOCAL ISSUES

The following Hotsisns by the Indianapolis Bond & not represent actus) price or off: t mere! ate the approximate market leve based on De and selling quotations of recent transaction

Stocks

B & Stk Y Central Ind Pow “1% Comwlth Loan So id

oy ‘Wayne 7% Pd 3

dp. Indpls Water Linco Nat Life N Ind Pub Serv 5%% N Ind Pub Serv $7 oth, N Ind Pub Serv 7% pfd

n American Loan §8 51 .....e.. American Loan 5s 46 Consol Fin 5s sees Citizens Ind Jel Ais "5 Home T&T Pt Wayne 5'%s _... Crabb. Reynolds-Taylor 5s 42.. Fo e T&T Ft Wa 6s 43 Indpls P&L 3%s cane Indpls Railwav Ine 8s a A, ndpls Water Co 3 .- Kokomo Water Wor s 5s Water Works .. Kuhner Packin s “9... Morris 5&10 Stores

g Co 4 5s 50 Muncie Water Works 5s 6s.. Nat Sz Hosiery 5s 4 n

107% Trac Term Corp 5s 74

NEW YORK, March 5 (U. P.).—Following are noon cable rates on major curCable Rates Net Chg.

license

LOCAL PRODUCE

Heavy breed colored ok 14¢; No. colored hens, ei, 0 2 Leghorn hens, over, 19c, White colored breeds, 1 Jade Grace

Bu —NO. 3lc. teeta to No. 1, 30¢; No. 2, 3%c. {Country , pickup prices quoted’ by

Wadl Advertisement

Check itching First Application

Agonizing itching of ugly eczema, Rash, Tetter, Ringworm, Pimples, Toe Itch is checked in OND APPLICATION of BLUE STAR OINTMENT. Repeat as

the

FOREIGN EXCHANGE i

few culls around $5@8: strictly | good and

%@33¢; No. 3, wie |TV FN e—

dent, announced today.

Hogs—Receipts, 12,000; slow, mostly 1 ower; extreme t ak. Boo aR shoe it, ad : mos - utchers, 45 210-430 1b. aYerages s Broly, 3 Kinds, $6.50 Sn Cattle— Receipts, 9000; calves, 1000; liberal steer run here; all grades - steady’ fairly well represented; earl

several loads Sthie tly Shoe weighty steers s or more lower on others; liberal s

teady: b crop unsold; uppLY, med as 290d we. ds; ear Sisers, 13: several choice Ay wever; early

[email protected], these outside account;

X 0 in very small supply: late trade full steady at jas 50; good and choice offerings. 9 [email protected].

Le 2 4000; late light & i) or y weight fed lam lower: heavier weig 2%. ana oa Sic Teh ana Bandy eh rer light and handywe with bulk scali 100 1bs. § [email protected]; today’s trade;

y of fed ambs scaling 0a 15s oe teady at $10.65 and bith os Dias of lamb scaling 100 lbs. and up, r 15@25¢c 1 steady at $5@

ornkn LIVESTOCK

YNE, March 5 (U. P.).—H

desiral

330.806 10.65,

and upward, or ®rat ewes steady at $6.40 Yory little pie) trading;

7. Ibs. 280-28 he "$7.20; 380-300 Ibs., $7: Ibs., Shi 5320-350 lbs. $6.90;

$6.35; 130-140 Ibe. $8.60: 140-150 120 1

b%s. 10; 120-130 stags $4.75; calves, 2; tags. $10.35@10 5 salable’

CINNATI, March § cents

2500, jotal a

B.)

1bs. ay $6@6. pecking 208: Supply Small, oh jand NAITOW. slow. 8 ant e ers of va

under, usually Ti dium: sausa 4 bulls, ros osily $1618: 3 1 x. Joa

b. fed y ue mbs, $10.50:

near choice offeri to $11.25. erings Wp

LAF PAYERS, March § market. 5 to 20 cents lower: $5 [email protected]: 200.3% 1bs., Babe, [email protected] c Bi 7 58, Jou . alves, $10. SOQ 11:

hion make Los Joes cose ae res fs romtora ly oe isSwol se wesks DSS Economical ti today! At your drug ie

a tube

Dependable

Hhoka Drug Stores

produce national defense orders on March 10, Wendell E. Whipp, presi-

CHICAGO LIVESTOCK

aa , $7.90 sparin 80-240 1 » iho 25 758: [email protected]; heavier

y trade ady on yearlings and all Sage light

idding 25¢ eighty hi $14 sale. n Reid 3k ve Ss 0 ear % $10. TA 35, ‘steady; several fonda es

weight Ey weighty Dullocks about steady Ask| at $11.

esday: Try 5c ble

ood and choice | Week Ago . down fully

$10.40 ae oyer; few small lots fat sheep —

6. Caftie—Salable 200, total 350. Dalvegar-

$2.50 ang vealers

fo P.) —H 60-200 “ 3 sar. Jo 3%0Mambe,

ALSE TEETH

- 800 pounds ..... 050 pounds

9.00 J [email protected]

| Goo. and choice— 500 pounds down edium—

§00 pounds down Calves (heifers)

Goed and choice— 500 pounds down

[email protected] [email protected]

[email protected]

SHEEP, LAMBS (Receipts, 211) Lambs

Good and choice Medium and Voo Common

[email protected] [email protected] 8.00@ 9. Yearling Wethers good a and choice

Good a a ch Common and 010% divi

DAILY PRICE INDEX

NEW YORK, March 5 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, :|compiled for United Press: (1930-32 average equals 100). SLYeSterday ........oenvsveress 12431 ees 00RRRBRRBRNNRS 124.38 Month Ago secre csetetReRRtes 123.48 Year Ago cesassssess 11909 1941 High (Jan. 9) ....cee... 125.21 1941 Low (Feb. 17) 123.03

sessssce se

WAGON WHEAT

Ils grain elevators are naying wheat, t

Indiana 8lc; subject to marke

5—!for No.

N change: thet grades on their merits. Cash .50; | corn 300-328 o%:

fed Western

4 white pelled corn, 56c; 8c: No.

new No. ™ vellow shelled corn.

WHO'S ARCHIE?

Tune in

WEFBM

1230 on your dial at 7:30 next Saturday night, March 8, for

the answer

‘ needed as nature helps helps heal. Money back if

EINER x fala ta satiaty, Try It today.

LOS

The e SHICACO

on BS 2% BB BRAN on Everything |

Diamonds, lamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete.

JEWELRY £0, Ine.

ernment expenses and receipts for the current fiscal De through March 3, compared with a Jear a age:

Last Expenses ..$7,404, 840, 602. 54 $6, HE Tar 631. 82

units. Total telephone revenyes in 1940 were $218,734,706, an increase of ‘3.4 Receipts .. 3,866.096,155.83 687,425.42 | per cent over the previous year, Gross Def. 3.628. 44, se .661,444,212.40 | while net operating revenues rose Cash Bal’ 1 L ‘556, 334. 4.50 2 Hi 5 4 De Shep . Ba .630,596,899. e company’s total tax bill ‘was aot 4 Ey 3 aor’ ade 01 81 placed at $40,533,462, an increase of Customs .. 227.449,623.31 $6,144 248 over 1939 and the first time in the company’s history that taxes exceeded the total of dividend

INDIANAPOLIS CLEARING HOUSE ; and interest payments.

Clearings Debits

Deaths—F unerals 1 Indianapolis Times, Wednes., Mar. 5, 1941 STOUT Louise Harting; mother of Fred H. Stout, passed away Monday at the residence, Fa Russell . Funeral Thursday the Herrmann Funeral Linnie’ 2151" nN *Meridian, Burial

Crown Hill. Friends may call at the funeral home any time.

TANSY—Theo, husband of Fay, Jather of of Theo Jr. and Charlotte Ann Tansy, of re. Jessie Koldyke, sranafathr sh Tansy, passed aw 'ednes-~ day, "March 4. Service at the ) anne > Buchanan Mortuary Friday, Friends invited. Friends may yk a the mortuary.

UPTON—Walter Ray, a ‘son of Clara Upton, Broth Harold, Robert and

Deaths—Funerals Indianapolis Times, Wednes., Mar. r. 5, 1 , 1941

Ta J. daughter of Mason Vs haary oi Bartlett, Sister of Mrs.

O.. i am, aign, Burnes up Verona, Ky! Phe arted this Nite Jucsaas. age 24 y ears. neral Priday at fe? Northside Charen [Eugene at Barnes Sts. Friends may call at & Kirk Northside Colonial he aay College at Fair-

Nazarene

CATTON—Anna B.. age 57 years, beloved wife of William E.. mother of Mrs. Rosa Pickett and William T. Catton, passed away Tuesday. Funeral Friday, March 7, 8:30 a m a residence, 265 N. Addison St. t. Anthony's Church Friends fhvited, Burial St. Joseph Cemetery. Altar Society Bi meet at the home Thursday, 7:30 p. for prayer. Friends . may call at residence. W. Usher vice.

e 14 years, beloved

€0. passed away Monday,

1:30 p- m., at Shirley Bros. Cent Chapel, Il'inois at 10th. Burial Memorial

HALL—Harry C., loved husband of Park. Friends may call at the chapel.

bel Nora Hal fine. Allison), wale r of Mrs. Gra and Mrs. Carrie E.| WILLIAMSON—Miss Iza, Spink-Arms Ane Collins ot iis LY, passed away at phe nex, passed away Tuesday evening. Serve home, 1448 Woodlawn Ave, Jonday ices Flanner & Buchanan Mortuar March 3. Funeral Thursday, 3:30 p Thursday, 3:30 p. m. Friends invit at ay Ci Wilson Peunern]’ Yhonoe, P1230 Cremation. Friends may call at the Pros .

Friends invited. Burial mortuary. Round Hill Funeral Directors 5

MeLERNON—Ruth Ann, age 3, beloved litBe A Ee | war TeeTarseTnaTA ~ WALTER T. BLASENGYM FUNERAL HOME 2226 Shelby Main Office. DR-25T0,

Lernon oe Slater of little Connie Mae McLerCONKLE FUNERAL HOME

on, 23 gssed away Monday. Funeral Thur 1934 W Michigan St. BB-1084

at Shirley Bros. Central A hares Ritnois at 10th St. Burial Flanner & Buchanan $35 W PALL CREEE BLVD.

Memorial Park. Friends may call at the GRINSTEINER'S

chapel. 1601 E. NEW YORK R1-9Y PERSONAL SERVICE

HISEY & TITUS

MORTUARY #51 N. DELAWARE ST. Ww 11-3828 ieee OF S. GADD

2140 Prospect St. on-rg G. H. HERRMANN DR-u47

1505 8. EAST ST ~~ MOORE & KIRK

CH-1808 SHIRLEY BROS, co.

#3 RN. llinois

~ USHER MO RTUARY

2313 W. Washington St.

J. C. WILSON .

OR-0321 1230 Prospect St.

MILLER—William F., 2840 McPherson Ave., beloved husband of Bertha Miller, brother of Charles and Mrs. Anna Boeldt, Edward Dedert and Mrs. Emma . Fred Hansen, passed ® morning. Funeral at neral Home, 30th and jday. 2 p. m. Friends invited. Burial Crown Hill. Friends may call at the funeral home.

MORGAN—OIliver P.. of Clermont, .Ind., entered into rest Monday, age 75 years .) h father of

TA-337,

Kenneth

. Pp. m., Met! at Church. Burial Crown Hill Cemetery. Friends may call at residence in Clermont. Harry W. Moore Peace Chapel in charge.

a My

BEX—Idabelle (nee Hoffman), daughter of ~ Peter and Ida Hoffman, sister of Mrs. | (R-1150 Mary Gunter and Johnny Hoffman, assed away at the residence, 445 E. a 2 Funeral at the Fegidence Thulsp. m. Intermen x Cemetery. Friends invited.

SABO — Edith, age 41, wife of William Sabo,

da ter of Mrs. Susie Mann of Indianapolis, Siepmother of William and Grace bo troit, Mich,; sister of Mrs. Jennie RE mbgtnam and Mrs. Elsie Kaufman, bot of Indianapolis, and

way Florists & Monuments 8 sister, Mrs. Kaufman, Priends thy Burial Floral Park.

SOUTHER — Martin H., formerly of 616 Arbor Ave. passed away Monday morn ine. Services Thursday, 3 p. W. DB. Beauniossom Mortuary, haat A Ray 1 Floral Park Cemetery. Friends ay call at the mortuary any time.

STOCKDALE—Paul G., age 62 years, husd of Clara. Jather f R A: A i ate of Indianapolis, passe Wednesday m at the resiA . rvices Friday, t the Syner Mortuary,

2922 N oir

Lost and Found ; mt -y

ea 5

LOST—Larg ge black: urse. val within, . on 2 St. be — Nau. ha

and WLR a ris evenings.

44 “Priends invi Bude Crown | LOST—Billfold containing lends ail a the "portuary Saturday.

P. Wm.