Indianapolis Times, Indianapolis, Marion County, 1 April 1941 — Page 9

TUESDAY, APRIL 1, 1941

8 JOBLESS PAY IS GRITICIZED

Checks End Ben Before Wile Is Found, Association Reports.

NEW YORK, Aprili 1 (U. PH) Unemployed workers throughout the United States are exhausting their unemployment insurance benefits before finding new jobs, while almost $2,000,000,000 is lying idle in the trust funds set up for that purpose, according to the American Association for Social Security. Publi the findings of a na-tion-wide survey of the operations of 51 separate unemployment insurance administrations, the association declared that the present duration of benefit payments is “inadequate,” and “has no relation whatsoever to the social problem which unem ployment insurance to viate.” At the end of unemployment

shing

y»

sec! alle-

RS AN i+ 1U, 1

sSurant

out, nds had ) 000.000. almost oneian the total insurance . 8 -1949.

1¢ iy pointed

iil

in a reserve of more th “an amount greater half billion dollars spent on unemplo in the three years of

Cuts Buying Power “Thus, instead of increasing the purchasing power of the masses through benefit p nearl two billion dollars were removed | from direct purchasing power in the last five years.” In a year of the association

ayments,

rising employment, | said, these facts provide “the best possi vie evidence that one of the most immediately imperative needs of our programs is the prolongation of the benefit period.” Other survey

Fling revealed in the included 1. That the istrations paid unemployment ben or about $90.000,000 more 1939, despite at was a period activity. ADprosim; ately

51 divisional admin-! efits during 1940, than in | last vear industrial

tne yas] Ul

ol sing

23 000.000 work=-

w covered by these in-|of Washington deliberations will be!

i | € Average Is S100 average benefit payment amounted to $100.15 com$84.24 in 1939 cents of every dollar unemployment insurout in benefits. the 51 administra-

chec averaged less

The 1940 pared with ¢ 4. Only 61 llected for e was paid In 39 of 1S, weekly

Ks The number of private placements in Jobs by the state unemplo: bureaus in 1940 was 20 2 per r than in 1939. trative expenses Insurance and

ent cent . Administ unemp oyment placement total benefit with 15.3 per

U. S. STEEL ORDERS 3 MORE ORE BOATS

CLEVELAND, April 1 (U, P).— Three new ore freighters, to be part of its Great Lakes fleet, will be built by the Pittsburgh Steamship | Co., subsidiary of U. S. Steel Corp. it ann d today by A. H.| Ferbert, preside of the shipping firm

m larger ial gf

for job

required 13.6 per cent of compared ,

| |

payments cent in 1939.

was OX

ves

(

¢ sels will be ruction

to the two contrac were let the company. Two of ters will be built in Shipbuilding Co. 0, al od one at the

identi

NL oh

ch 25 by}

SNi 1S Mai the the yards

ireigh American Lora in,

new at

ge. “Mich ' announced | «

"or

ing Ww orks, where the previously two vessels also will be constructed The five new vessels, the largest to be built on the Great Lakes, general dimensions as folfeet, over-all length; 614 beam, 35; in deep!

Rive r Rou

640 eel gth; 67 foot loaded speed miles per maximum about 17,500

3 hour

Ail,

about imum cargo capacity tons

DAILY

NEW

ar single

gross

LY PRICE INDEX YORK, April 1 (U. P.) Dun & Bradstreet's daily weight ed | price index of 30 basic commodities, compiled for United Press: (1930-32 average equals 0 Yesterday Week ARO .... Month Ago .. Year Ago 1941 High 1941 Low

HAN alers RITTTHIE

FIRE— CASUALTY AUTOMOBILE INLAND. MARINE INSURANCE

ro Careful Property Owners BTL RLS LTTE

Wa. 2456

12 50 5: 31

» Teena

Taree

(Mar ch (Feb. 17)

WEEK SET FOR BALL SUIT TRIAL

not 48 | been set aside in the court calendar Aviation Corp..

)

THE INDIANAPOLIS TIMES

PAGE 9

Nation's Drive to Recruit More Defense Workers Boosted Job Applications Here to 1442 Last Week

By ROGER BUDROW The effect in Indianapolis of the Government's drive to recruit labor |for defense work is shown in this week's apolis Business Summary. A total of 1442 persons came to | the Indianapolis branch of the State | Employment Service to apply for | jobs last week. This compares with 988 the previous week. It must be remembered, however, that not all of these are unemployed. A good many have jobs but want better ones and | believe they can obtain them | o when some of Roger Budrow 1 ow defense projects begin operation. Several aspects business, not shown in the accompanying Indianapolis Business Summary, had declines. Despite gen-

Tad ins andian

| 3 |

erally higher commodity prices and | further improvement in lard prices, |

bearishness crept into the local hog market. Declines far outweighed advances and the loss for the week ranged from 10 to 35 cents. Me{diumweight and heavy hogs continued under most pressure. However, [prices of $6.90 to $8.25 on 160 to 400pound hogs compared with $4.35 to 185.55 for the same week last year. Lightweight cattle and practically all grades of slaughter cows held a strong position during the week. Outlet for old crop fat lambs was at the highest price levels since last

June, the local market moving up- | ward 25 cents during the week. Sea- | improved wool prices |

sonal scarcity, and as yet the lack of competition

stering factors.

of Indianapolis |

Bank Debi

Houses

. Business Industrial Public

”

Indianapolis Business

Bank Clearings..

ts.

Postoffice Receipts... Building Permits. ...

Received Jobs

Claimed Unemployment Benefits

(March 22

Freight Carloadings:

Inbound Outbound

Cattle Calves Hogs Sheep

Corn Wheat Oats Rve

urces of

(Monon): New

Indianapolis

Board of Trade;

sen

Soy Beans

)

Electricity Output Water Pumpage Street Car Passengers (Mar. 22). Telephones In Use (Mar. 27).... Livestock Receipts ....... cere

rere nee

EERE

So above figures: tion Division: New York Central; York, Chicago & St. Water Co.; Indianapolis Railways: Center Township Trustee:

eee

EE EE serene Teter ere sees erent. oe

Apartments ......co0ivvivncnen

Sere essere

Brrr r rae iRRa

teers steer ee

Repairs & Alterations. ........ Applied for Jobs

Sis re ese

teresa

(KWH)... (Gallons)

Pers ENE E ENR

EEE ER

Grain Receipts ...covvvviiannens

tes Br rrRRTR RE

Pere R TRE Ann

Cre B cere tae

Bre strc se rune

For the three

$19,455,000 coon $48,225,000

209,220,000

Louis (Nickel Plate):

s #

Last Week Year Ago $17,405,000 $41,611,000 $85,114 $178,696 $132,400 0 $2,500 $35,000 0 $8,786 575 327

Week Before

$23,170,000 $42,144,000 $101,171 £399,110 $196,550 0 $178,500 0 0 $24,060 988 503

Last Week $

$89,090 $117,966 $94,825 0 $2,000 0 $2,700 $18,441 1442 522

~ ‘

2,591 2,712 4,071

3,095 1,834 11,268,000 205,650,000 1,430,986 +123 51,992 6.319 2,665 40,578 2,430 398,000 273,000 18,000 88,000 5,000 14,000

3,971 2,016 13,220,000 214,240,000 1,412,428 4-147 58,261 5,892 2,782 41,441 5,146 621,000 482,000 48,000 82,000 0 9,000

4,111 2,423 13,477,000 2, 1,432,777 +245 59,114 6,326 2,957 46,195 3,636 726,000 554,000 24,000 116,000 8,000 24,000

Indiananolis Clearing House As sociation: Indianapolis office of State Unem Pennsylvania; Baltimore & Ohio;

Illinois _ Central; Building Commissi

City Agr

Indiana Bell Telephone Co.;

Indianapolis Postoffice;

out $519.945914 in|from new crop offerings were bol- cording to the Federal Reserve| this year compared with $104,006 |

Bank of Chicago. Wheat futures rose to new sea- weeks ending March 22, stores here |

last year.

The Weather Bureau said last

sonal peaces with prices the best [showed a 1 per cent increase over week had an average temperature

since December. Corn and beans also established new tops. Ex- | pectations that

a comparatively high loan basis, in-

|flation talk and strength in other!

commodities stimulated buying.

Indianapolis declined 2 per cent in| the end of the same week last | cent the same week of 1940.

March expenditures, same week of 1940, ac-'the end of last week, were $68,001! Manufacturing Co. held its annual’ as Florida and the West.

N. Y. STOCKS

By UNITED PRESS

the week ending March 22 compared | with the

Deposition Statements Are Presented Here in $6,000,000 Case.

and for the

gain.

Soy the same three weeks of last year of 38 degrees, four the final outcome {March 22 they showed a 3 per cent grees

weeks ending |

compared with a 44-degree normal and with 43 dethe same week last year. Precipitation amounted to .07 of

At the end of the week there an inch compared with 1.11 of an | were 4571 relief cases in Center |inch normal and .20 last year.

The

$638,556,000

Summary

1940 Thus Far

253,125,000

1941 Thus Far

$281,199 $703,807,000 $1,174,455 $2,391,966 $975,325 $185,000 $271,280 $1,041,000 $9,400 $261,815 10,251 5,312

% Chge. 41 vs. '40 11.1 10.2 4.6 148.1 64.2 4-10,177.8 262.7 1021.8 85.5 25.7 10.7 32.0

$1,122,544 $964,073 $594,030 - $1,800 $74,800 $92,800 $64,729 $208,322 9,264 4,023

+++ + +

+++] ++

9 9

50,068 30,878 8.3

36,364 20,780 153,030,000 793,680,000 16,030,212 94,448 761,008 80,077 32,341 553,107 85,473 5,753,000 4,283,000 274,000 952,000 105,000 139,000

42,384 22,269 169,345,000 2,753,970,000 15,882,593 102,898 709,249 77,491 31,539 515,130 85,089 7,770,000 6,224,000 376,000 1,028,000 30,000 112,000

7.2 10.7 14 9 8.9 6.8 3.2 2.3 6.9 10.9 35.1 45.3 31.2 8.0 715 19.5

ployment Compensa- ; Chicago, Indianapolis and Louisville oner: Indianapolis Power & Light Co.; jeultural Marketing Service; Indianapolis

+11 +++

| ++ + + |

Federal Reserve Bank of Chicago.

stockholders’ meeting, promoted Auditor C. C. Reed to, assistant secretary, re-elected all others. Louis J. Borinstein of Indianapolis, president of the American Institute of Scrap Iron and Steel,

| denied there is a lack of scrap

metal in the nation, asked that present prices be maintained (there is talk the Defense Commission

| Township, Trustee Henry Mueller) sun shone 60 per cent of the day- | will “freeze” them at lower levels) Retail department store trade in | reported, as compared with 7400 at|light hours compared with 33 per | and suggested that steel mills pay

year.

Abr & Straus.. Acme Steel .... Adams Exp ....

Allied Chem .. Rllen Stores ..

Am Am Inter Am Am Am P&L Am

Deposition statements, a part of ‘the hearing on a $6,000000 damage | suit filed against Muncie financier, were presented in! Federal Court here today. The hearing opened and while the time necessary for | the presentation of both sides has been determined, a week has

yesterday, |

{for the hearing. The damage suit, filed by Rodney | P. Lien, Ohio State Superintendnt of Banks, alleges that the Union Trust Co. of Cleveland, now being liquidated, was damaged by the transfer of 8250 shares of MidAmerican Corp. stock. The corporation is a holding compan for the old VanSweringen | ra ond and commercial properties in which Mr. Ball had made in-| restments. he suit further alleges that Mr. | Ball did not hold to an agreement | whereby the shares in question] could be repurchased by the Van-| Sweringen estate at $1 a share. | Defense attorneys have asserted that the agreement was made with O. P. and M. J. VanSweringen and not legally binding because of their deaths. It has been estimated that the! Van Sweringen had assets of $2,500, 000.000. This figure, however, does | not represent the net total after [the liabilities have been deducted. Both Mr. Ball and Mr. Lien are expected to take the stand within] the next few days.

2 ALUMINUM G0. NE 00. NETS

PITTSBURGH, April 1 (U. P.).— With production the highest in the company’s history, largely due to] national defense orders, the Alum- | inum Co. of America today reported | a net income of $44.146,297.02 dur- | ing 1940. This all-time record com- | pares with $36,033,388 profit last year. Arthur V. Davis, chairman of the board, and Roy A. Hunt, president, | reported to stockholders that in 1940 production was 26 per cent above that of 1939; deliveries up 27 per| cent; payrolls 42 per cent, and the | number of employees, which stood | at 42941 last December, up 38 per! cent. The company’s gross income for the year, after deduction of taxes and operating expenses, totaled $52,062,800.88.

FOREIGN EXCHANGE NEW YORK, April 1 (U. P.).—Following are noon cable rates on major currencies: Sugiund Cable § Rates Net Che.

Canada (dollar) *France (franc) Italy (lira) Finland (m arkka) Switzerland (franc) Cuba S weden Japan Mexico *Trans

(pound)

yourself of this service

THE UNION TR

Member Federal Deposi

F.HA. LOANS

Our loan officer will be pleased to acquaint you with all details of F. H. A. financing. Avail

Capital and Surplus $3,000,000.00

UST COMPANY

t Insurance Corporation

Oldest Loan Brokers in the State

The CH

LOANS

146 E. WASHINGTON ST.

on on Everything!

Diamonds, Watches Watches, Musical Instruments, Cameras, Clothing, Shotguns, Ete. JEWELRY CO, Inc.

ICAG

[Chic Gt

$44,000,000 IN '40 yc.

Am Am

George A. Ball, |B

Am [20

Anaco Cop Armour Ill .... {Armstrong CKk.. Atchison Atl Refining ... Atlas Corp pf..

Ba SIe et... Barnsdall

Boston & Butler Bros pf

Cal Packing Can Pacific | Chie Ii w Ry

hi E Ill Ch Gt W Ry ‘pf 1 Chrysler limax Mol Co Giver Peab . [Col & So | Col & So 1 of Col Broadest A { Col Broadcst B Colum Gas ... Com Solvents [Comwith Edin. Cons Aircraft... fons Olf .'... {Curtiss-Wr A..

Dist Seag Dist Seag pf ww {Du Pont .

{Elec Pwr & Lt. rie 1 pf .

Fed Mot i Firestone T .. Freept-Sulphur

Gen Electric ... Gen Motors . Gen Motors »f Gimbel Bros { Goebel Brew . Graham Paige.. Grant W T

High

Air Redu¢ ..... ?

Lo ot HF BaD NNR

Dele ON IL0000

| a

Tt i To (Fy ol bet bt 5 a WNP a

jo apr god

78 146s

Net Low Last Change

-1

cl Yesterday si Vee ARS oovivvaiieisns ave

During the week J. D. Adams

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS +0.35 0.39 40.28 +0.20

Yesterday 122.72 Week Ago .. Month Ago Year Ago High, 1941, 133.59; low, 117.66, High, 1940, 152.80: low, 111.84,

20 RAILROADS

4.012 0.35 +0.05 | —0.14/

28.6% 28.3% 27.37 30.59

Yesterday Week Ago ...... Month ARO .....evavnrnvenes Year Ago High, 1941, High, 1940,

Sriusrertanenasens

Saraat ans aan

~0.20

| the extra freight cost of bringing

in scrap from far-away places such

PHILLIPS HEADS

Other Officers Renamed as Convention Closes at French Lick.

FRENCH LICK, Ind. April 1 (U. P.).—C. E. Phiilips, advertising manager of the Rockford, Ill, Register-Republic, was re-elected president of the Newspaper Adver-

+0.08) Month Ago Year Ago High, 1941, High, 1940,

Ni 0.0% | 20.65; 26.15:

low, 18.81.

low, 18.03.

Net Last change

12 Ss

Low 241% 643s 8's 69

High . 241 643% 8's

United Cp pf ; United Fruit ... —

s |

wun

- B03 re . -— N=] O0 DCD «TOD 1.3 rt pt fin To) Fy Ho bet 1b LD pn - Gh od " - or ~~ ABN

pt a =a »

21%

16%

. 38.2

321%

.. 42

2% 125% 65s 2% " 312

Bit vi Air E 15%

of..

| Hupp Motor oe

Ingersoll Rand. nt Harvester. | Int Hvd El A.. ft Nickel Int Shoe .s Int T&T For .. Island Cr Coal

Kennecott ....

RR. iby MeN & LL Ligg & My B..

Ine Lone Star Cem Lorillard .e

Marine Mid Marshall, Mav D | Menge! . jdont Ward .... Murray ..

Nat Distillers

Ship . No Amn Avn

Owens Ill GI..

Packard Pan Am Airwys Park Utah Penn RR Phelps Dodge Phil Phillips Fittston

Pet

Radio

Republic su Bt. Reyn Tob B

Safew Sener Roebuck Shell Un Oil. Simmons

So Cal Ed South Pac

O Cal .... Std Oil Ind .... Texas Corp

Tide w a Timk-D

oil... Ax ..

Und Ell Fish . Union B & P.. Union Carb Un Aireraft

14%

«os 19% . 534 7-16

18] 481;

Fld a .

207s 51

301% 5

bs .. 29; « 14%

42);

9 Co 6 pf n

. « ¥ So Am Gold...

36%

934 . 293%

*s | Vanadium ....

8 Young Stl Dr... 8

ver D7 57 1 «.123'2 123'2 1 U S Tob 26 26 y

8 | + 265s

Walgreen «20 Warner Bros .. Warren Br .... West Air Bke.. Westvaco pf ..1( White SS Dent. 2 White Sew . 43 Wilson & Woolworth

Co... Y 30

Zenith Rad..... 1

CANADIAN | DOLLAR PLAN IS RUMORED

NEW YORK, April 1 (U.P.)— Unconfirmed reports that a plan was being worked out to bring the Canadian and United States currencies into line dollar for dollar brought in demand for Canadian stocks on the stock market today.

tising Executives’ Association at the

final session of a three-day convention last night.

Delegates irom 48 states and Canada also re-named other incumbent officers. They were Wil(liam Ellyson Jr., business manager of the Richmond, Va. NewsLeader, first vice president; William Wallace, advertising manager of the Toronto, Can. Star; second vice president; Irving C. Buntman, Miiwaukee, Wis, secretary-treas-urer. Vic Merson, advertising manager of the Canton, O., Repository, and Franklin B. Hurd, advertising director of the Providence, R. I, Journal-Bulletin, were elected to fill vacancies on the board of directors created by the resignation of Chester M. Campbell, Chicago Tribune, and Buell Hudson, Woonsocket, R. I, Call. Directors re-elected were Forrest R. Geneva, advertising manager of the Des Moines, Ia. Register-Tri-bune; Col. Leroy W. Herron, advertising director of the Washington, D. C, Star; Henry W. Manz, advertising manager of the Cincinnati, O., Post; Henry McClaskey, advertising manager of the Louisville, Ky. Courier-Journal: and Walter C. Pfaffenberger, advertising manager of the Los Angeles Times.

Canadian Pacific was heavily traded at a anew high for the year.

7-18

wo)

“ww a

“10000 un 10D o

| p 2 3g

207g 3012

2015 14's

42'%

hy — 3g FC 1s

+ 8 | —'"1y 1h RB

EC Ea

Cer

EA 293%,

a Uo

322 11%

+s 66 . 37%

MES

32'2 11's 66

37%

GUARANTEED

1 A Ll

ha lh TANT Y

pl PRICES EX

* sumed dividend payments on pre-

International Nickel, Ltd., of Canada made a new high at 27%, up| 14. Hudson Bay Mining was ac- | tive and at a new high of 18, up 3. The domestic list was firm, with {low-priced issues active. Several, including low-priced rails, made new | highs for the year. Pere Marquette | issues and Louisville and Nashville | also made new highs. Reflecting a poor earnings state|ment, Distillers-Seagrams sagged 2 *| points to a new low at 78. Several ‘other issues were easier, i Kennecott and Woolworth. American Can & Foundry gained |

{substantially when the company re-

* | ferred stock after a lapse of three years. The preferred stock rose more than 2 points. Steels, motors and electrical equipment issues were firm. Utilities were mixed in a narrow range.

U. S. STATEMENT

WASHINGTON, April 1 (U. P.).—Gov{ernment expenses and receipts for the {current fiscal year through March 29. {compared with a year ago. This Year $8.703.906,469. 69 1.

Last Year Expenses

oc 5 aes >t

- Sop aoe NODaADD

GHD ECT Wane 3163 INI 8INe BOs 00 1 DC

©w

Customs. .

INDIANAPOLIS CLEARING HOUSE

Sieatings Shashbanssearasnannenss § 4,019,000 Debits 10,195,000

LOCAL PRODUCE

Heavy breed colored hens, 15c; colored hens, 12c; Leghorn hens, 2 Leghorn hens, 9c: broilers, 3 lbs. over, 189¢; White and Barred Rocks, colored breeds, 18c: Ske oy i Butter—No. 1, 351; @ 36¢; No. Butterfat—No. 1, 3lc; 2. Ccountr ry pickup prices quoted by “the NVadiey Co.)

FOOD PRICES

CHICAGO, April 1 (U. Michigan, _Jonathons bu, Tomafoes—Mexican lugs, Spinach—Texas bu., 75a 90c California crates, $1. S02. 15. Carrots— California crates, [email protected]. Lettuce— Arizona crates, [email protected]. Sweet Potatoes— Tennessee bu., $1304 1.35. Onions (50-ib. sacks) —Illinois Xeliows. $1.50. Michigan Yellows, $1.25@ 1.4

CLIFFORD PROMOTED NEW YORK, April 1 (U., P).— Reese F. Clifford has been appointed personnel director of the

PJ) $1. LITRE Ey $2.7 CALI.

Central

nd pls C0 including | i Hydro Elec.

IN Ind Pub Serv 67,

Progress Laundrv Pup Serv Co of Ind 6%

: corn, Tew

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share orp. do not represent actual price of offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions, St.cks Bid Ask Agents Finance Co. Inc, com. 7% Agents Finaace Co., Inc., pfd.. 20 elt RR & Stk Yds Soe sess DD Belt RR & Stk Yds . 58 Ind Pow 4. “ Comwlth Loan 57% pfd Hook Drug Inc com Home T&T Ft Wayne ay vid. Ind Asso Tel Co $5 108, Ind & Mich Flee 7% Pe ‘ev. 109 1A Gen Serv % pid .... .109 Gas oD ndpls P&L ndpls P&L 31,0 “ Jndpis Water 5% pfd Lincoln Nat Life Ins com N Ind Pub Serv 527; pfd. fd *N Ind Pub Serv P com

sassssnsss 31 Van Camp Milk vfd .... Van Camp Milk com ......... 11 Bouds American Loan 5s 51.....e0... 89 Omerican Loan 5s 46 ... 0 Consol Fin 5s 50 . Citizens Ind Tel 4%s 61 Home T&T Ft Wayne ig “es Crabb-Reynolds-Tavior 5s 42. Home T&T Ft Wavne 6s 3 Ind Assoc Tel Co 3'2s 70. Indpls P&L 3%s 70 Indpls Railway Inc 5s or. Indpis Wate* Co 3Vas Kokomo Water Works 3 33. Kuhner Packing Co 45s 49. Morris 5&10 Stores 5s 50 . Muncie Water Works 5s 65.. at Silk Hosiery 5s 42

184% -100

Pub Serv of Ind 4s 69.. Pub Tel Co 4!2s5 55 Richmond Water Wks 58 57 Trac Term Corp 5s 57 2—Ex-dividend. —————————————

WAGON WHEAT oi anapoliz grain elevators are paving 1 wheat, 84c; subject to market No. 2 white shelled corn, 68c: No. 2 Slow shelled corn, 64c; No.

; white oats,

AD EXECUTIVES <=

HOG PRICES UP 5 T0 30 CENTS

Biggest Advances Made on Heavier Weights Here; 7345 Received.

HOG PRICE RANGE Top March 20 ...oovvnvenseess 38.25 March 21 ..cceveesncessnsss 8.25 March 22 8.25 March 24 8.25 March 25 8.00 March 28 ..cvvovvnsienseesss 8.00 March 7.95 March 8.15 March 8.00 March sees TOU April 1 soussvescnncees 1.90

Price advances ranging from 5 to| 30 cents were made in most hog sales at Indianapolis Stockyards today, the Agricultural Marketing Service reported. Hogs weighing 160 pounds and less sold at the same prices paid in yesterday’s bulk sales. Weights from 160 to 270 pounds were 5 to 10 cents higher and those above 270 pounds were 15 to 30 cents above yesterday. The top was $7.90 for good and choice 200 to 210-pounders. The marketing ,service reported 1559 salable cattle were received, 550 calves, 7345 hogs and 810 sheep.

Receipts

8.382 : 10.641 10,156 6,919

sevaatsnsstasenes

eves esssganrasene

27 cevvenenninnninnes

28 .. 29

7.209 3,015 13,725 7,345

tesserae stsens

HOGS

Barrows and Gilts and Choice— 140 pounds .$ 6.50@ 160 pounds 180 pounds 200 pounds ... 220 pounds .. 240 pounds .. 270 pounds 300 pounds - 330 pounds 330- 340 pounds .. Medium 160- 200 pounds . Packing Sows

Good and Choice

AIT TT TIT =T SE a

aI BIBI a =O DO D0 =T0I

= >

330- 360 pcunds Good— 360- 400 pounds 400- 450 pounds 450- 500 pounds Medium-— 250- 500 pounds Slaughter Pigs Medium and Good-— 90- 120 pounds

CATTLE

Slaughter Cattle & Vealers (Receipts, 1559) Steers

Seta sssannes

5.715

Choice 750- 900 pounds 900-1000 pounds 1100-1300 pounds 1300-1500 pounds Good— 750- 900 pounds 900-1100 pounds j300- 1300 pounds .. Med 750- 100 POUNAS sssvavvssens 1100-1300 pounds ...esscesnsse

Common— 750-1100 pounds ........ Steers, Heifers

esrsersasases [email protected] cesaaaeesess 10,[email protected]

[email protected] vesressnasans 12.00@ 13.75 vessesenases, [email protected] esesssssssess [email protected]

vers [email protected] . [email protected] + [email protected] [email protected]

0.00@ plop [email protected]

8.00@ 8.00

Cissennan

Chole 500~ 750 pounds

500- 750 pounds

Choice

750- 900 rounds .....e.e00000 [email protected]

0 ' growing demand,” he added.

sssesssssaeee [email protected] [email protected] 7.25@ 8.50

1.50@ 8.50

6.50@ 7.50 @

00 — 750- 0 pounds Mediu Coe 900 ) pounds Csesasesssnes oo, 500 1 pounds ......ce00040 Cows

Sess Rtuttensanatetennete

5.50@ 6.50

Mediu . Cutter and common . 4.75@ 5.50

Canner ......

(Yearlings excluded)

1.75@ 8.25

J1.30@ 8.00 7.00@ +30 6.25@ 7

fedium vaste Cuties Mand common .. Vealers Good and choice .. Sopmon and choice

Feeder and Stocker Cattle Steers

Sho (Receipts, 5350) 500 300 pounds .. 2Na11.00 800- 1050 DOUNAS soceveveeecss 10.00011.00 [email protected] [email protected]

8.259 8.00 1.50@ 8.25

eensesences 1

Goo 500- "800 pounds 800- ii pounds Mediu 500- 1000 bounds Com; 500+ § 900 pounds ceveenes. Calves (steers) Goo. and ehoice— 500 pounds down . Megium = 500 pounds down ’e ‘es Calves (heifers) Good and choice— 500 pounds down ........ [email protected] Medium— 500 pounds down .. 8.00@ 9.50

SHEEP, LAMBS (Receipts, 810)

Gecsesessncen ssesssserence

10.50@ 12.25 [email protected]

Good and choice Medium and good

Yearling Wethers

Good and choice Medium

Ewes (wooled)

Good and choice Common and medium

OTHER LIVESTOCK

April 1 active;

(U. P.).—Hogs— unevenly 10@ 25¢ top $8 for 260-300 1bs.,

CINCINNATI, Receipts, 2600; higher: packing sows steady; good and choice 180-200 lbs., $7.40; 300-350 lbs., [email protected]; 160-180 Ibs. $7.20: medium and good 140-160 lbs., $7.15 @17.50;, most good grades packing sows, $6 6.50, Cattle—Receipts, 450: calves, 300; slow; bulls 25¢c lower and cows barely steady; part load good 750-1b. mixed steers and heifers, $10.25; short loads good 750-1b. mixed s‘eers and he'ifers, $10.25; short load 950-1b, steers, $10.15; hei'ers av high s $10.50; cutter and common light $7. 2098.50, cutter and common [email protected]; sausage bulls, las 20; vealers or 50c under Monda sales; and choice, $10. 507111.80:

7.314 |

1,500 |:

8,264 | :

A. C. Monteith . . . Westinghouse expert,

Indiana Young Men’s Utility Conference to Draw 500 Here.

The fourth annual Indiana Young Men’s Utility Conference will bring

more than 500 representatives of Indiana electric utility companies to Athenaeum Turner's Hall Thursday. Utility specialists, including A. C. Monteith, engineering manager, Central Station Section of the Westinghouse Electric & Mfg. Co. will speak. Addresses will be followed by general discussion sessions. The conference will be opened at 10 a. m. by H. T. Pritchard, president of the Indiana Electric Association and of the Indianapolis Power & Light Co. The afternoon session will be presided over by W. Marshall Dale, Association vice president and presi- | dent of the Indiana Service Cor-| poration of Ft. Wayne. Evan B. Walker, director of public relations, Indianapolis Street Railways, will speak on “Public Relations.” Others who will speak are Dan O. Kreitzman, Gary; Harry Guilbert, Chicago, and Paul Squire, Evansville.

COAL OUTPUT IS STEPPED UP

More Than 32 Days Supply On Hand, Bureau of Mines Says.

WASHINGTON, April 1 (U. P).— The Bureau of Mines’ bituminous coal division estimated today that production of soft coal during March was nearly 50,000,000 tons in anticipation of the bituminous coal shutdown. Production during February was only 41,450,000 tons, the division

said. Estimated production for March increased approximately 8,000,000 tons, an official said, in an effort to build up a stockpile in event of a work stoppage. The heavy supplies, he added, were unusual inasmuch as production usually falls off in the spring. Weekly production, it was said, increased from 10,790,000 tons during the first seven days of March to nearly 11,500,000 tons shortly after the middle of the month. The division had predicted on March 1, before operations were speeded up, that soft coal supplies for all uses would last for an average of 32 days. Since that time, it was said, the average has been extended appreciably. The division said supplies held on hand by electric utilities would extend for at least Tl days; retail consumer supplies, 16 days; steel mills, 30 days; coke plants, 43 days; cement mills, 33 days; railroads 26 days, and the general manufacturing industries, 35 days.

1 1 1 ng 3 CHICAGO LIVESTOCK Hogs—Receipts, 13,000; moderately active, Jurong bo mostly ig higher on all weights an OWS; freely; 180-240 1bs., $7. 808: 5340+ b70” a 8.1 5517.85; 270330 1bs., [email protected]; 160-180 lbs., $7.60@ 7.95; good 400-550- ib, Sows, $6.75@ 7.10; few under 400 lbs. to $7.2 Sheep—Receipts, 00: late Monday; fat lambs closed slow around 25c lower; most late sales medium weizht Westerns, $10.85 ll: few loads early to shippers, $11.15@ 11.25; extreme weight, $10.65 and below; today's trade; ractically no early action on fed wooled Western lambs; undertone, weak; most early bids under '$11 on best NenayWoinhe offerings held up to $11

STEEL FIRMS LIMIT ORDERS

More to Follow Example Of Inland Steel Co., Magazine Says.

CLEVELAND, April 1 (U. P).— Steel orders for national defense are increasing rapidly and now comprise a much higher percentage of total business than a month ago, the magazine Steel said today. The publication said that more companies plan to follow the lead of Inland Steel Co. in announcing definite sales policies which limit bookings to 1941 and lean more and more to purely defense projects. “Many steelmakers state that their deliveries to consumers are on such a refined schedule that the least upset might cause a short shutdown of consumers,” the maga= zine declared, “but such close sched= uling is for the benefit of the mae jority.” Steel stated that in the rare ine stances where steel consumers have been compelled to shut down for a few days because of lack of steel, they have been non-defense plants. “Substituting becomes ever more prevalent,” the trade journal said, “Several users of brass and copper pipe, unable to get supplies, turn to steel pipe. In turn, users of gale vanized pipe are often compelled to use black pipe which is satisfactory for less permanent construction, such as cantonments.” The periodical reported that seve eral galvanized sheet manufacture ers have stopped production of that product because of zinc shortage and because raw steel is needed urgently elsewhere. Output, it added, has fallen 11 points in a week to 63 per cent of capacity.

Cargo Insurance Cut by Victory

NEW YORK, April 1 (U. P).— New York's marine underwriters annouriced here today that Brie tain’'s smashing victory over the Italian fleet in the Eastern Mediterranean had resulted in drastie reductions in war-risk insurance rates to and from that area. At the same time, however, the underwriters acknowledged the growing menace of German raiders in the North Atlantic by doubling insurance charges on cargoes from the United States to Iceland.

WHEAT PRICES DIP 1 GENT AT CHICAGO

CHICAGO, April 1 (U. P)-— Wheat futures on the Board of Trade dipped about 1 cent a bushel in the early dealings today. Other grains also showed a heavy tone. At the end of the first hour, wheat was off 12 to 7sc, May 903c. Corn was off 2 to 3c; oats off 3: to 3c; rye off 5 to 7c and soy beans off 12 to le. Wheat started about 2 cent lower and then extended losses later. Re=ports of increasing redemptions of loan wheat and lack of demand accounted for the downturn.

Anti-Wall Street Brokers to Meet

NEW YORK, April 1 (U.P) — Proponents of a plan to shift “control of the New York Stock Echange away from the Wall Street district” were scheduled to meet here today to present their views to the Exchange Board of Governors, The “Anti-Wall Street” group, headed by A. W. Mansfield of Chicago and J. C. Bradford of Nashville, Tenn., will confer through a special subcommittee with the Stock Exchange Board after the market close this afternoon. Mr. Bradford explained that this group, composed chiefly of out-of-town partners of stock exchange firms, is seeking the election to the board of governors of a majority of non-Wall Street members. Such a step, he said, would offset public hostility to the exchange by giving it a board of national character,

% Mortgage LOANS

PROMPT ACTION—Low Interest!

fat ewes, scarce; load light weight fed

Westerns, $7.50. Cattle—Receipts, 6000; calves, 1000; fed

common to medium, 1) 50. Sheep—Receipts, $100; not enough early sales to make market; ‘good wooled In oa0y believed salable steady or around $10.50 11; spring lambs scarce; good to choice 50-60-1b. weights in demand as high as $15; small lots strictly choice 107-1b. clipped lambs $8.50. FT. WAYNE. April

1025 cents higher, 180-200 lbs., $7.6

P.).—Hogs— $7.75; $1. 55. 20260- 280 1bs.

1 (U. 200-220 60-180 1bs., 240-260 lbs. $7.30;

3 : 100-120 1bs., 50: $5.25; calves, Western 11 $10.50@ 10.78. 75.

SHELL UNION OIL CoO. NETS $1.05 A SHARE

NEW YORK, April 1 (U. P).— R. G. A. Van Der Woude, president of the Shell Union Oil Corp. asserted today that “the oil industry is playing an important part in the preparedness program . .. and is in an excellent position to cope with the demands that may be made upon it.” “The company has taken a leading position in developing and man=ufacturing that vital product, avia=tion gasoline, and intends to extend its facilities as necessary to meet the

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steers and yearlings steady to strong; good || grades in very limited supply; choice offerings showing most strength; general trade more active than Monday, even on medium to good weighty bullocks: mostly $9.50@ 12 steer trade; early top, $13. 25, on yearlings; several loads making $12.50@ 13; sizable supply weighty steers sold at $10. [email protected], mostly on shipper account; stock cattle firm; heifers strong and cows 10% 15¢ higher; bulls and vealers fully steady; weighty shipper bulls active at $7.75@8; cutter tows 6.35 down but very light canner around [email protected]; prime vealers to $12.50; light dairy offerings mostly $9.50 @il; a

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