Indianapolis Times, Indianapolis, Marion County, 13 March 1941 — Page 27
—y
THURSDAY, MARCH 13, 1911
BUSINESS
Southern Part of Indiana Has Received
Biggest Share of Defense Contracts By ROGER BUDROW THE SOUTHERN PART OF INDIANA is far ahead] of the rest of Indiana in the amount of defense contracts received, according to a breakdown made by the Defense Com- | mission. Indianapolis, thus far. is in second place in the state, with the South Bend-Elkhart area not behind, In the Louisville-Jeffersonville area, including the huge| smokeless powder project and extensive expansion of the Quartermaster Depot, nearly 165 million dollars had been allotted between June last year, when the defense program really got under way, and the beginning of this year. i)
Indianapolis, during that time, received almost 82 million dollars COST OF LIVING
worth of defense
far
work, Bn mately much as w a. in the Louisville- | J effersonville district By far the biggest slice of Conference Board Re the money being spent in Indian-
est
ports Food. Rent. Clothing
. THE INDIANAPOLIS TIMES
For U. S. Aircraft Downed at Sea
These are flotation bags designed fo save Uncle Sam's land planes and their occupants if forced to descend on large bodies of water. They're assembled at Goodyear's Akron plant for immediate use.
apolis went for| Allison engines, airplane parts] and equipment. A total of Tl was spent on these
Are Higher,
NEW YORK. March 13 (U, P).— living the United increased slightly during Feb- | third according to the monthly
t+ Roger Budrow
I'he cost of in
million dollars items alone, For ordnance
States
ruary for the
and ammunition contracts totaling nearly 7 million dollars have been awarded to Indianapolis industries while a more than 3 million dollars is being gpent on other kinds of equipment supplies and material. About $661.000 is being spent on miscellaneous construction The La Porte-Michigan City area received about 1': million dollars in contracts while Elkhart-South Rend district nearly 50 million dollars in work and the Montpelier area received 3': mililon dollars’ worth of work,
consecutive month port issued today Roard Higher food. clothing and housing costs, the board's economists said. lifted the February cost of living 0.1 per cent over January and 12 per cent over the corresponding 1940 mark. The February average was 20.1 per cent over the depression low reached in April, 1933, but 13.6 per cent below the February, 1929 high point. Food prices advanced 0.1 per cent | from January to February, were 1.3 per cent above those of Februjary, 1940, 29 per cent higher than in March, 1933, and 246 per cent below the February, 1929. level. Rents showed a similar gain in both the month-to-month and year to-yvear comparisons, and were 399 per cent over the depression low and 2.6 per cent under the 1920 high. Clothing costs 0.1 per cent from January to Februarv but remained 0.1 per cent below the corresponding 1940 mark. The February average for this budget item wa 204 per cent over the depression low and 269 per cent below February, 1929, The purchasing valiie of the wage earners dollar in February, the Conference Board said. stood at 116.1 cent of the 1923 average, compared with 1163 in January! 1175 in February of last vear, and 100.3 per cent in February, 1929,
reé=- Adams by the Conference
little Allis-Chal
Airlines
Stl Fdies Stores . Sugar asst; 11)
the
3 Anaconda received
Atchison Atl C Line Atl Refining . Atlas Corp Aviation Corp
= 2 Bald
THE RECENTLY-MERGED International Machine Tool Co. of Indianapolis and Foster Machine Co. of Elkhart are planning to expand more, To do firm, now called International Machine Tool Corp., will sell stock from its treasry, This firm is now thifts a dav turning machine tools for defense industries. At the end of February, it had nearly 10 million dollars’ worth unfilled orders on its book. This compares total sales of about five million during all of last vear Biggest buvers are airplane companies and the British Purchasing Commission C. Russell Feldmann of New York and E. H Welker of Detroit bought controlling interest in the company last December, Mr. Feldmann is president and treasurer and Mr Welker executive vice president. W. H. Foster, formerly president of the Foster Mach Co., is board chairman his nephew, Charles H. Foster, is assistant general man-| ager E. J. Terry, formerly vice president of International Machine Tool Co. here, a vice president and general manager of the new corporation.
= Loco ct
Ben pd gh Beth 8 Borden ‘id Borg-Warner Bucyrus-Erie this the Calumet & H Celanese Cent Aguirre Chi Fnen T Chrysler 67's + Climax Moly Co 32', Col & Aik pf 111 Colum Gas ‘i 3 Comwlih & So Sa Comw & So pf. 547: Cons Aircraft 2534 Cons Coppernms 3 Cons Ot! ‘ Bak A Ins Mot
rose
working three out
of 2 | Cont { Cont Cont Cont Oil Coty . Crown Cork Crown Cork xw Crown Zeller Crucible St Cub Am Sug Curtis Pub curt Pub pt. .
“3
py pt Bo fw} aD NUD I wd
hs CIE BE
- Dh >oaaww
Del
-
| per
-
ol 03
ALUMINUM PLANT AT LOUISVILLE OPENED
LOVISVILLE, Ky, March 13 (U P) —Revnolds Metals Co.'s new $2,500,000 aluminum extrusion plant, rushed to compietion under the national defense program in one-third normal time, began production today, The announcement said the new plant would reach a monthly production capacity of 4,000,000 pounds of aluminum alloy shapes, tubes and bar by July 1. Three other Reynolds aluminum plants now under construction include a $17,500,000 rolling mill and structural plant at Lister, Ala. to have a monthly capacity of 9,000,000 pounds of allov sheet and 10d: an ingot plant at Lister and another ingot plant in the Bonneville-Grand Coulee power region of the Columbia River The company reported these three plants will be completed in August, All four projects were financed by the Defense Plant OO,
AUTOMOTIVE FIRM | BUILDS WAREHOUSE
A $20,000 storage building is being constructed at the Basca Manufacturing Co, 3019 Roosevelt Ave, makers of automobile mufflers and tail pipes for the replacement trade. The structure, being built on the norul t side of the present building, is expected to be completed in SIX Or seven weeks. A.V. Stackhouse Co contractor
FOREIGN 1 XCHANGE
NEW YORK Fy Sliow. ng are noon major cu S Net Che 00!
00, 0000
rd | ~a
East Kodak Elec Auto Lh ..
1332 31 %
wis Fs 1017: 1017: wes Chen
18 Firestone pf A ine
ana
Sabris! A Gen Am Inv Gen Electric Gen Motors Gen Rv Sig Gen T&T Gt West Sug . Grevhound Cp
12 ¢ 4% 33's
NOK EA
is
1 4 33 43 14 12 25! 11
hye on
Houston Oil . H Bay M & 8. 1 Motor
2 ODDS AND ENDS--Perfect cle Co. at Hagerstown, Ind., clared its regularly 40-cent dividend en the 162500 shares of outstanding Bippus State Bank at joined the Federal Reserve System Arizona Small Mine Operations Association has submitted three proposals to reopen the high-cost copper mines out there without raising the price on all copper above the present 12-cent level These include direct Government subsidization, Government purchase of on cost-plus fixed fee basis, and Government contracting for all of North and South America’s output at 12 cents, : Wall Street Journal reports that the British. instead of selling companies in which they own large interests tLever Bros. Shell Oil, ete). will pledge them as collateral for American war material under the Lend-Lease Bill. , . . Swift & Co plans to refund 25 million dollars of its debt.
OIL "PRODUCTION UP SLIGHTLY IN WEEK
NEW YORK, March Daily average oil production in the United S tor the week ended Mirch 8 amounted to 3.633.450 barrels compared with 38632250 in the previous week and 3828550 in the corresponding 1940 period the American Petroleum Institute reported today An merease of 25.000 barrels in California production wa offset bv reductions of 10500 rals in Oklahoma, 11.000 in and 8000 in the Eastern gion
Bo —
n =
i Hudson Cirhas de- Interlake Ir Int Ag pr pf Int Harvester Int Nickel Intst D S..
84 . 38% 48 . 26% «. 8
LR 284 8 —<do . 583, cio
Kennecott . 33% Kroger G F & B 26
stock. Johns-Man 58%
Bippus, Ind., has
Lambert Leh V 1.ibhy Lyon Oil Ref Lockheed Air Loft, Ine Lorillara .
10@ 24 17° » copnet Marine Mid D Mellin pf Mengel 3% | Monsanto pt B nes 116; — Ne 13% 13%
=:
4%; 50
Nat Cash Reg.. Nat Dairy ‘ Nat Distillers | Nat Lead Nat Steel a Newmnt Mining 2% Newpt News Sh 23 N Y Central ... 123% N Y Ship . 29%;
Go HWY A
1
“
BS et 15 03 IY et BS rt re BS DB/ IRI Naf
Ohio Oil 6% Owens Ill Glass 43: 2
Pac G&EIl Pac T&T Packard Pan Am
27 1g. Airway 12 Park Utah ... Pitts Sc&B .... 13 (U.P) eas Pitts $t1 radio tepublic evn evn tickfield Oil
ates
iS
March 13 Po) A h Safeway . Seagrave Servel Ine So Cal Ed Jouth Pac ... Std Brands .... Std Oil N J oo. 3 Starrett I. 8 | Sun Cil “i Sunshine Min . Superhtr Swift Intl
a dav Fr about barKansas states re- [Me aes . Treasury
Tex PC & O .. { Thermoid sh Tide W A Oil Timken RB .. Transamerica Tri-Cont
Tri-Cont pf :
LOCAL ISSUES
The following apolis Bond & S sent actual price of offerings, but indicate the approximate market based on buying and recent iis
Sto Agents Finance Co. yy com
Agents Finance Co, Inc. pfd... 20 Belt
OLD SYCAMORE | BOTTLED IN BOND
5] 15 PINT
$2.10 QT 34 you prefer a
MILDER 86 PROO¥ STRAIGHT BOURBOWM WHISKEY. TRY
MERCHANTS
DELUXE
This whiskey » YEARS oLD!
Ind Hydro Bec’ % ‘pid Indpls P&L Indpls P&L Sv pd fos com
Indpls Water 5% “ lantoly Nat Life .. 28 d Pub Serv 5'2% pid .. 7% pid.... “o pid
| Pub Serv Co of Ind oe pid. . Pub Serv Co of Ind 7% ple 152 Ind G&L 4.8% pfd Terre Haute Elec 6% pid | Union Title Co com [va an Camp Milk pfd {Van Camp Milk com .....eve0 11
| American Loan 8s 5% ... | American Loan 58 46 . Consol Fin 5s 50 | Citizens Ind Spel dics 81 .... |Home T&T Ft Wayne 5%s ... Crabb. Reynolds Tavior 5s 42... 9% Hom &T Ft Warne 6s 43... Ind ML A wo 3128 70 Indpis P&L 3 0 indpls Ae Inc 5s 81 Indpls Water Co 3's 66 ... Kokomo Water Works 5s § Kokomo Water Works 5s 58... Kuhner Packing Co 4'3s 49 Morris 54:10 Stores 5s 50 Muncie Water Works 5s Nat Silk Hosiery 5s 42
and only N Ind Pub Serv 3%s 69
1.00 ~
MERCHANTS DISTILLING CORP. Terre Raute, Indians
Tel Co 4:8 55 Richmond Water Whe 58 87 104% Trae Term Corp 5s SY Ww
CERRY
N. Y. STOCKS
By UNITED PRESS
Net
Last Change
® Yesterday
| was
- 3%
]
's ington,
L 1%
1 2
's comment and whose amazing career
*s turned the spotlight of public in- schedule
‘a "
n 2
uotations by the Indianare Corp. do not repremerely
level
selling quotations of | try into the shipping business, buy-
Ask 9
16%a | 5
24 45 114% 31
107% 63 109% 109;
103 103
100 1081 63 195% 100 Nn
STOCKS TREND
DOW-JONES STOCK AVERAGES
30 INDUSTRIALS 1 23 12 —0.08 + 1.33 -—1.51
—0.21
| Yesterdav Week Acre Month Age Year Ago ‘ : High (1941), 133.59; Low, 117.66, High (1940), 152.80: Low, 111.84, 20 RAILROADS
«12010 148.11
Strength in Major Import Staples Fails to Spur Securities. NEW YORK,
0.04 | na —0.36 | ~0.15
Yesterday Week Ago Month Ago ......... Year Ago : High (1941), °¢ High (1940), 32.67: Low, 22. 15 UTILITIES
March 13 (U, P)
today in quiet trading. hs Strength in major import staples, —0.33 several of which set new highs since “) 1937, failed to stimulate speculative activity and share ~ Iprices fluctuated cautiously through vast Change the mid-afternoon trade. Bethlehem regained » early loss of one point which attributed to fears of a new strike
at the corporation's Lackawanna plant but other steel issues clung i" narrowly to previous closing levels. ts [Shipbuilding and shipping shares were firm on fractional gains American Can. Reynolds Metals ' and Commonwealth & Southern 15 preferred were among the issues up White REek, bet 21 : ,, 8 point an dmore each. Continental Woolworth - 13 Baking A spurted around a point to YWOrthIngion +: 2 9) © '2'a new high and the preferred 1, jumped 6': to a new 19841 top. Rails and utilities were irregularly h higher. Montgomery Ward gained point and Savage Arms was down
WHEAT PRIGES DIp * #5 ON CANADIAN POLICY “AGENTINE EXPoF
DROP 46 PER CENT © CHICAGO, March 13 (U. P).—|
Wheat prices on the Board of Trade! BUENOS AIRES, March 13 wv
suffered moderate losses in the early | F-)-- argentine SXporis in the et ‘trade today. Scattered buying on ‘We months of 1 were 2900
resting orders halted the decline | Per cent below the corresponding land caused a partial recovery. Other grains were off fractionally. At the end of the first hour whea off '« to % cent, May 857s | | cents. Corn was unchanged to off)
's cent] oats off 's to i cent; rye off 1; cent, and soybeans unchanged | 325) against 353,808,000 pesos ($81,-
to off % cent. (he) iy fhe opening two months : dey , ine 0 S it Te CL et gi The report showed that reduced reflection of the announcement late vesterday of the new Canadian wheat policy for the 1941-42 crop | vear, Action of Winnipeg also weighted down the market to a cer- Incorporations tain degree, Prices for wheat at Winnipeg {dropped about 1 cent a bushel. The Canadian Government announced that it would continue to buy wheat | from producers at the same price as paid for the 1940 crop or 70 cents a| bushel for No. 1 northern spring | wheat. Kansas City and Minne- §| ale also showed losses.
19.35 19.28 24.04 18. LIN 18.03,
Week Ago {| Month Age | Year Ago Fiesta eatiis i High (1941), 20.65; Low, High (1910), 26.45: Low,
in securities
High
ass
Low of an was
: most Union B & P Union Carb Un Pacific Un Tank Un Aircraft ... Un Air Lines .. United Fruit Un Gas Imp U 3 Rubber U 8 Rub 1 pf.. U S Steel “e U 8 Tob ...
Baan» yp 53 0D wT DY pe ah] BO Ca OO |] DY pe » ana PI Bona
yt 3 5 wT pt
3 tL 0S mT wl wd rt 0.3 OO = nd OO wT] Yt
i 100 yo OB =T = Cites » a
1 1 {2 1a s
» A a woe
a a sn
sn SN DES
NDS » - TEI
Victor Chem ... 12]
West Union ... White Mot
Young Sheet
Zenith Rad ....
| sharp contraction in sales of grains, t | according to official trade figures issued here today. Exports for the latest period were
S
| counted for 71 per cent of the drop between 1940 and 1941.
Club, Ine.. 218 N no capital stock. James Vanover
Premier Recreation Fulton Ave. Evansville social Robert Ivan Stocker The 57 Club Bueter Rd avne. no ca pital stock: to provide home | of local 57 of United Automobile Wo gts Pike America. C. R_ Shrock. 3. B Hart. I. V. Roth and others Tolleston Chapter Izaak Walton League of America, Inc, 2708 W, 10th Ave stock: Mack Halaschak. Babuska,
he Leisure Club, solution.
Defense Jobs Turn Spotlight OnWest Coast 'Mystery Man’
'imes Special
Joe
Inc., Muncie; di:
SAN FRANCISCO, March 13.—In financial circles here, as in Wash-|
industrial leaders and politicians are asking for more particulars about an Oakland engineer who is accomplishing many things in the national defense scheme. His name, until recent weeks. Latest publicity was when he broke the U, S. bottleneck in magnesium the other day. Such is the introduction to Henry] J. Kaiser, “mystery man,” whose|in Cuba in 1927, he made his own. | widespread industrial activities] Mr, Kaiser made money for hime ‘have caused a swelling buzz of self and his Six Companys, Inc., which built Boulder Dam, by intro-| (raises many an eyebrow. | ducing specially-designed machinThree Pacific Coast business de- ery and innovations enabling comvelopments within a fortnight have pletion of the project ahead of collect a generous
to bonus. That appears introduction
quiry on Mr. Kaiser, | First was the almost sudden selection of Richmond, on San Fran-| the | cisco Bay. for the construction of a work methods and : | shipyard to build 30 freighters for|equipment. His competitors Great Britain—total cost, 48 million | cede that is how he built the Permdollars. | anente Cement Corp. plant near Second was his hid on five yrile/CUBENING 1 SIY Honihs. Fastest i rel: at for construc-| vas : , {ion Larreis of cement tof They say that is how he was able
tion of the third set of locks at : : to underbid them on a contract to t n= : *3V4 Panama and his contemplated er | supply five million barrels
ment for Shasta Dam-—his
to be his forte— of revolutionary
[ing ships in which to carry the ce- price ment. Third was his announcemen
that he would build at Cupertino, |
|
t|ing market quotation. Old-time cement manufacturers get hot under
the collar at the mention of Mr a 12-million dollar reduction plant to manufacture magnesium | aiser’s name. They can't forget| for aircraft construction. how he got the contract for the | The Reconstruction Finance cement first, then went out and| Corp. lent Mr. Kaiser $9,500,000 built the plant so he could deliver. | with which he promised to put up | Ne R gusty = credited with being 'a plant that would produce more | Président o companies and ac-
| tive director of 20 more. He is | than double the country’s 1940 out- ’ | put of magnesium. constantly hepping from his Oak-
That sounds nearly impossible, | 1and offices to Washington, New
; . ‘| York and back again. fo hi, Mh Fog Te) rh, ene » | headed the is which helped | Vas awarded the shipbuilding COI build the Grand Coulee Dam, larg- ig My Reiser Widte ul Details est in the world, the San Francisco- of ie i ding b ie Tichmond Oakland Bay Bridge, longest in the, Plant OS ee Lr Page of lotic world, the Boulder and Bonneville effort or space where is he cons dams and who is currently work- :
IS IRREGULAR
Irregular price tendencies prevailed | on the New York Stock Exchange]
6 1050 pounas
{1940 period, principally becatise of a| pedi {valued at 191,175,000 pesos ($44,161 ,- |
| exports of cereals and linseed ac-|
unlisted in Who's Who, was rarely seen in the headlines |
time-cutting | con-|
of ce-|
was 65¢c a barrel below the prevail-|
. ’
PAGE 25 Income Taxes Gain
FORM 1040 A
PREANIRE PRFARTAIF [Reet BA A
oll
PRICES ON HOGS ARE UNCHANGED
$8 Is Top Paid Here as 8000 Porkers Arrive; Vealers Steady.
HOG PRICE RANGE Ton $8.05 8.15 R.15 8.00 7.90 9.95 7.90 7.95 R.15 R.05 R.00
UNITED STATES INDIVIDUAL INCOME AND DEFENSE TAX RETURN
FOR GROSS INCOMES OF NOT MORE. THAN $5,000 DERIVED FROM SALARIES, WAGES, DIVIDENDS, INTEREST, AND ANNUITIES
NOTE - ou are stated in & profossion sr bustness (Inahuding farming), a ave o member of 4 parineranip. we had (ncams of losses from he renting oe sale of property, woe Foren 1008) To be Bed vith fhe Collrtor of Internal Bovemme for faire on wr before Mech 1 1 PRINT MAME AND HOME OR RESIDENTIAL ADDRESS PLAINLY BELOW
Do not write in these spaces
1 What 4 yout secupntion’ L Check whether yoo am» 1 Di yom Be 4 reten foe
Resoinis
» 1,50 A
March | March | Match March / | March March | Mareh March March March | March
Seats saan atta
Fon what was the 1s Seas set saan Raed
59%, of Total smn NATION AY Income INCOME
personal services. Bem Shahd A)
Sets sssesanann,
Sets t asst aat naan
. 7047 Estimate: $3,055,000,000
Casts at isan
Sesases asta nns
BL cocevttttcinneenne e (including neo 12... 13
Peseta ana ome in ites | 1
CE
paid. Peo Hog prices were unchanged from Sy | yesterday at the Indianapolis stock- | yards today, the Agricultural Mar- | keting Service reported. The top was $8 for good and |choice 220 to 230-pounders. Vealers | were steady with a $12 top. | The marketing service reported {1030 salable cattle were ieceived, 1588 calves, 8841 hogs and 1740 sheep.
Prem Sab 09... tions authorized by in item 7
com (item 6 minus item 11).
Billions ot Dollars
Ww, Fram Schade
T or TAX
income credit. either (a) or (0). Bw tamu 19 16 item 12 in 33.000 or less, enter 109 of such item eee ) 1 item 12 ie more than $1,000 enter 109 of teem | or 1095 of iten plier, but not less than §
lo Sehadabe M1y
Income Tax Revenue ho 2m 14d
2 (47 of item 16)
ren Schedule HB
Ire
Less:
HOGS Barrows and Gilts
Good and Choice— 120- 140 pounds . 140- 160 pounds 160- 180 pounds ...eevesssaes 180- 200 pounds sesevinsevnes 200- 220 pounds 220- 240 pounds 240- 270 pounds 270- 300 pounds 300- 330 poends 330- 340 pounds Medium — 160- 200 pounds
ome tax paid at source on tax-free covenant bonds. a... meme cose vem cone ome tax paid to a foreign country or United States passsssion. tne Fam 111) | of income tax (item 17 minus items 18 and 19)
on (10% of item 17) -———————— ~ oa otal income and defense tases doe (rem 0 pos em JON Ou temmmweton ¥ 00 ve puvment of vost | ’ |
rmey af Nw Toon) Toss ng) ¥ ) 1 = -— % 1915 1920 1925 1935 1940
Y and CLEA 1930 After March 15 returns, and subsequent June 15 quarterly payments are counted, the U. 8, expects its income tax revenue for fiscal 1941 (ending June 30) will be second only to the $3,957.000,000 of 1920. Receipts for 1942 are estimated to reach a new high of $4,500,000,000. Against background of an income tax blank are compared income tax receipts since 1914, when first returns were made, and graph line showing 5 3 per cent of the total national income for past 28 . years.
Rala Dele
.$ 6.25@ 6.715 7.35@ 7.75@ 7.85 8.0% 7.90@ B.D! T.60@
seats ataan oC — — ro rsa
Sais ssananen
mm order hat this rebum may be accepted 80 m meeting the herein must ba set forth
0
Packing Sows Wood and Choice— 270- 300 pounds 300- 330 pounds - 360 pounds | 33. 360- 400 pounds 400- 450 pounds 50- 500 pounds { Medium — 250- 500 pounds . Siaughter Pigs
Medium and Good— 90- 120 pounds
CATTLE
| Slaughter Cattle & Vealers (Receipts,
7.15% 7.10@ 7.25 | | 7.00@
6.907; 6.85%
ELECTRICITY OUTPUT HIGHEST ON RECORD
NEW YORK, March 13 (U, P.).— Fleoyeity production in the week ded March 8 rose to the highest lov el on record for that period and scored the largest year-to-year gain
Iron Age Expects Pressure since March 27, 1937, the Edison | Electric Institute reported today.
On Administration for | Output for the latest week Strike Curb amounted to SA5adhm kilowatt
hours, an increase of 15.1 per cent over the 2,463,999,000 kwh generated NEW YORK, March 13 (U. P).— in the corresponding 1940 weck. Enactment of the lend-lease bill is In the preceding week production expected to speed-up defense pro- totaled 2825510,000 kwh, a rise [email protected] quction, increase pressure from in-{ Of 14 per Cent over a year earlier, { The largest year-to-year improve=dustry and Congress for a strong
6.15@ 6 6.90
il S, CONTROL 0 - STEEL STRICTER
[email protected] | 10.25@ 12.00 . [email protected] | . [email protected]
[email protected] 10.00@ 12.00 | 10.00@ 12. 00 . 10,00@ 12.0 |
0 9.00w10.25 9.006 10.25
8.00% 9.00!
| Choice— | 750- 800 pounds 300- 1000 pounds 00-1300 pounds 300-1500 pounds Good — 750- 900 pounds . 900-1100 pounds 1100-1300 pounds 11300-1500 pounds Medium-— 750-1100 pounds 1100-1300 pounds Common 750-1100 pounds
Steers. ‘Heifers Cholice— 500- 750 pounds Good— 500- 750 pounds
Heifers Choice— T50- 800 pounds ...ee04s Good750- 900 pounds Medium— 500- 900 pounds Common-— 500- 900 pounds
00a 12.00
LEER)
7561.11.00
serena nene A0a@ 9.75
7.25% 50 Good Medium Cutter ald common Canner
(Yearlings excluded)
Good and choice Common and medium
Feeder and Stocker Cattle (Receipts, 588)
oice— | 500- 800 pounds .......
“esses r antes
Gbo.u and eholce— 6500 pounds down | Megm
Good and choice Medium and #ood ie Common ... Ceres peead Wethers Good and cy . Medium Ewes (wooled) Good and choice 3 [To and medium
CHICAGO LIVESTOCK
| Hogs-—14,000; fairly active, mostly 10c {lower sp ots 15¢ under best time, practical top, $7.90. small let or two, $8: bulk {good and choice 180- 240 lbs, A [email protected]; most 240-270 lbs. [email protected]: 270-330 Ibs. [ Seneraly, [email protected]. most 400-550 Ibs. acking VS, 35 75@7, extreme weights, 6.50 and below Sheep— 14, 000; late yesterday: fat lambs closed slow, mostly steady to strong; spots shade higher: few ecks elioice handy weight, $11.15: bulk good nd choice handy and medium weight. $10.90 11, 10, with most 103-108-1b. averages, : fat sheep native ewes, ( | ; no early sales fed wooled lambs; biddin $10.75 and slightly more or around 25c¢ lower on desirable handy and medium weight lambs held ai $11 and above; one double light w freshly shorn lambs steady at $9.40; fat sheep calves—800: slow: barely
| scarce, steady, Cattle 5500; steady market on light weight steers and vearlings, but steers wth weight weak to 25¢ lower and no reliable outlet even at { the decline; Shippers and order buyers {looting Yor strictly choice long fed steers, bue nothing of that kind offered: several [loads steers with weight carried from dull close vesterday, including cattle grading as high as low choice; most steers, $9.50 12; best yearlings, $12.75 and 1300{1b Sets Sis heifers and cows moder- months. | ately active, steadv: most eifers 5 i | @11; best, $11.25; Rios canner ey canny It also stated that the new difCOWS, [email protected]: bulls and vealers | ferentials on iron and steel scrap,
steady; choice vealer alers, $11.50. > {to be announced by the price sta[bilization division of the Defense OTHER LI VESTOCK | Commission will be below the PittsFive cents Ne JaleR J3 (U. Pile «| burgh level and will cause reduc{320 135...87 tions at some other points. How$7.40: 280-300 Ibs., ever, ' it said, prices have turned | j28-750 Tos. 715; stronger in several markets this } week, lifting the Iron Age composite 16 cents to $20.33.
00 50
6.00 5.00
ment was shown by the Southern Administration stand a g a ins t/states region with a gain of 19.6 per strikes, and broaden application of cent. The West Central area had government priorities, Iron Age the slightes, increase, increase, 81 per cent, magazine said today. “Government control is becoming 20 more stringent in the matter of INDIANA UTILITY 50 | priorities, allocations and prices in aid of the defense program, while at the same time the program is PROFITS INCREASE | Bootes [being crippled by a wave of strikes,” | g300d chissteavase 50 the trade journal said. Times Saecint hye 19 18 of nce Lome of hen hen HAMMOND. Ind. Match 12 Cutter and common lare having a more serious effect on Northern Indiana Public Service Co. Veale defense manufacturing than mere |(0day reported a 1940 profit of $2,20 statistical calculation of loss of man S28, B3%.3n increase of $560,199 above [hours would indicate. President Dean H. Mitchell, in his Warns of Stalemate annual report to stockholders, said “The Washington Administration | electricity sales increased 9 per cent lcan scarcely escape becoming an 8nd gas sales rose 6.3 per ‘cent over 500- 800 pounds ws Seay factor in the settling of 1939. Electric customers increased ian. vunds | wage and other disputes in the steel 4711 and gas customers rose 3821 | 500- 1900 pounds ...vvseseases 8.259 9.00] and bituminous coal industries, and the number of gas home heat=- | B05 900 1 pounds . 1800 8.25 since it has been insistent that|ing customers increased 50 per cent Calves ‘(steers)’ there shall be no increase in steel| during the year. Electric service . 10.00411.75 | prices.’ [vas extended to 999 new rural cusy that the present LOMers. ngs yy (helfers) "ers arn Age Warned as are Pesene! The utility's tax bill amounted to Good and choice— 75 | ers Organizing Committee and U., S. $2,634,535, which was 13 cents out of | 4300, Donndy GOWER Seussussever. 9.25910, Steel Corp., as well as the problem every dollar the company received, | 70 veunds ows 150@ 9.25 of wage and hour demands by the Mr. Mitchell said. The company SHEEP, LAMBS (Receipts, 1740) | United Mine Workers, “must be spent about $8,000,000 for supplies [solved before the end of the month |and services during the year. It [email protected] if labor troubles and consequent ployed an average of 2064 employees 8.70¢010.30 loss of production are to be in 1940, nearly one-half of whom averted.” (had been with the company 10 The publication cited “opinion in years. Washington and in the (steel) in-| Total operating revenues were dustry” that compromise solutions $19,979,177, an increase of $1487715 will be found, but asserted that|over 1939. Preferred stock dividends “the strongly pro-labor attitude of were $1.377485. None was paid on the Administration offers little as -| the common stock. surance that decisions will Dbe| reached consistent with the desires | of government and industry that price increases be avoided so far as possible.”
U. S. STATEMENT
WASHINGTON, March 13 (U, P.).— Government expenses and receipts for the current fiscal year through March 11, compared with a ha Jgo: ve ear
Th Wo. 720.01 8316, 115.92 154,604.08 ,463,904.09 022,823.22 1958.000.66 657.801. 21
0,589,226, 8
Prices Held Up
Expenses Receipts Second quarter steel price an- ross nouncements have been held up pending a settlement of the S. W.| pi *pai O. C. and U, M. W. negotiations, Gold Res. Iron Age said, adding that if these| ih prices are announced before a settlement is reached “they may include an ‘escalator’ clause.” Commenting on current steel mill operations, the magazine regorted that production rose a point this week to 99 per cent of capacity, and that deliveries on most products are extended from about three to seven
INDIANAPOLIS CLEARING
Clearings Debits
HOUSE $ 4,470,000 .. 10,830,000
WAGON WHFAT Indianapolis grain ejevalors are nayin for No\ 1 wheat, 82c¢; sunject to marke change. other A de on their merits. Cash corn: new No. 4 white shelled corn, 58c, new No. 4 velow shelled corn, b54¢: No. 2 white oats 32c. IN FAMILY 107 YEARS WILLOUGHBY, O. (U. P.) —Carol S. Smart, 79, operates a general store which has been in his family 107 years.
CASH IN A FLASH
AUTO LOANY
20 Months to P-A-Y
SACKS BROS.
OLDEST AUTO LOAN CO. IN INDIANA K DISCOS SUR L TIP FS AY
Ibs, $6.30. 120-130 Ibs. $5.80 Roughs, $6.25 £11.50; fed Western
$6 05; 100- 120 Ibs, stags, $5: calves inmbs. [email protected],
LOCAL PRODUCE
Heavy breed colored hens, l4c¢: colored hens, lle; Leghorn hens, 10c; | Leghorn hens, Te. broilers, 3 lbs, over, 19¢; White and Barred Rocks, 10c; | colored breeds, 18c; cocks, Te. Eggs—Grade “A” large, 15¢: Grade “A” medium, 13¢: Grade “A” small and No. llc: no grade, 12c. No. 2, 31@2, 2%c¢. the
INDEX UNCHANGED NEW YORK, March 13 (U. P).— Capital goods activity held virtually unchanged in the week ended March 8, the Iron Age magazine disclosed
2 No. and
Butter—No. 1, 33Q 33sec: 31'5c; buterfat, No, 1, 29¢: No. (Country pickup ple quoted by
Wadley Co.)
| FOOD PRICES
CAGO, March 13 P).—A | Michigan Jonathans, bu., ery--Michigan, $quares, | toes—Mexican, Texas, bu, | fornia, crates,
les—
‘Spinach i. yo Spinach 1.90. Carrots—California, crates, [email protected]. Lettuce—Arizona, crates, '[email protected]. Sweet Potatoes Tennessee, bu., $1. 20@ 1.50. Onions [1b. sacks)— Illinois Yellows, 50@60c; i consin Yellows, 50@60c: Michigan Yellows,
| 60@ @ 65¢; Colorado Sweet *t_Spanish, $1 $1. 55. SUITS—SIZES to 48 STOUT THOUSANDS [L119]
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