Indianapolis Times, Indianapolis, Marion County, 7 April 1941 — Page 15

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MONDAY, APRIL

BUSINESS

Retail Trade, Not the Markets, | Holds the Spotlight This Week

Er — By ROGER BUDROW

THIS WILL Most of the m ones reopen on Saturday.

aor

A SHORT will be closed for Europe and South

WEEK for the Good Friday America,

kets will stay closed until the Tuesday after Easter.

But the

the big news Irom (unless turn.) hits full The public mereased quantit only but for household furnishautomobiles retail

mar Kets

stride.

is spel

1Q1Ng in 18s not

pai

nis

hardware, and so on, traqe show. Neverthele s s,

the stocks of

reports

takes an unexpected

its money for

DEFENSE BOON T0 WEST COAST :

mercha n aise South Atlantic States Also

com pa ni haven't sponded to any great exient thus far. haps that is oecause profits haven't lived up to expectations Investors

Roger Budrow

ce rehants aren't volume of goods being made expenses in 1929

Street

ays that m

han Wall concerned, retail m the

and ta are higl In almost all instances ob much therefore, 1e volume of trade setting ~ords 1 the profit-and-loss of ledger.

ously STIL & with ul as

siqe

THE METAL

SITUATION: Tin can manufacturers, who received their big push in the World War, have agreed with the OPM to inmills to less tin in plate. Substitutes are being sought

metal for defense

use

million of

meo

pounds Wrigley of1 be bought by Dow Chemical 50 million pounds gnesium output. »n

mnum

fered

n INDUSTRY SIX months

THE MOVIE usually lags about major business swings, beoptimistic. Box office re ceipts in booming defense towns are up sharply and real nationare expected soon. motion picture business, remembered, didn't hit its 1929, but hed the top usiness observers attribute fact that the public ising income to pav bills and necessitie and then goes movies _ Likewise when downward, the expenses until felt.

be-

111A 1S

comme

ams

it 1'eal

the frat rst he

not cut

really

does pinch 1

5 ODDS AND reverse each rectory

”

ENDS: Sales talk is printed at the bottom e in the new telephone diemployees. There 1at “walls have ears,” alk lives” and nquisitive friends.” carpet-cushioning material from sponge rubber is being juced by B. F. Goodrich. will build a plant at Louismake neoprene—its brand rubber. The corporaeoprene plant at DeepN. J Hatfield Co. of Indianapolis has been a led a $170.000 contract {or the elect: work on Studebaker's new aviation engine at Ft. Wayne. Studebaker make Wright enin new plants at Chicago, Bend and Ft. Wayne. ~tte Savings Bank at Lafayette oined the Federal Reserve SysTreasury Department reorts 42 persons had illion dollars or more last t doesn't say who they were paid $46,000.000 in Federal taxes

mn of

i f i

COStS

Miro Du Pont ville of tion wal

Electri

) nthetic

1as P

Point

1cal +

will

tem

They income

+ HOME LOANS

For Purchase— Repairs, Etc

TURNE |

BLDG. & SAV. ASSN.

116 Delaware St.

BARGAIN PERMANENTS STo0 pie Steam Oil com pilete

cut, shampoo,

ROBERTS BEAUTY HOP 528 Massachnsetts Ave,

J-0651 ~~ S—

artisement

Rheumatic fon Relieves Pain Quick

Thousands who suffered from the torturing Y eumatism, sciatica, lumbago, neuare © con nly happy over { Now they have Wich speedily

3 Vana d pendabie es. If vou want to feel again of relief from pa SO you can work in > Yond sleep 1n comfort —be wise and try ronclad guarantee. If the io not relieve that cruel tisfaction--your money will be ‘ S Ask vour druggist today for NU SRITO on this guarantee.

[7g dD 3,2 9

ns NO Or

mcome of one | year |

re-

Per-|

| concentration

| The

To Have More Income, Board Believes.

NEW YORK, April (U. P.)— national defense program to cause a “pronounced shift” of national

7 is likely a the come received by of the country this year, with sharp nereases in prospect for the Pacifiz Atlantic the Conference Board said Wh the regional national income was not significantly altered in 1940 by the derense program, the Board said, the of defense contracts areas “mayv be a major changing the state disof national income in

in nroportion

Sections

various

Coast and South regions, toqaav.,

ila [88%

pattern of

in cerdain factor in tribution 1941.” The Board predicted a sharp rise national income for California Oregon and Washington, pointing out that within the past nine months these states have received almost one-sixth of all defense awards, whereas in 1939 they counted for only 65 per cent the national “value added” manufacture. In 190 they accounted

for only 74 per cent of the popu-

lation and 9.4 per cent of the na-|

‘tional income.

which |

adced

[tinue to improve its position

| Trae

Shipbuilding a Long Job

in the last war,” the Board “the South Atlantic area also appears to be entering a period of expansion which should conthe re-

“AS

in regional ranking of income ceived.” Defense producers in the Atlantic area, the Board said been awarded 13.6 per cent of all defense contracts, whereas in 1939 this region reported only 9 per cent

of the total added by manufacture.

Midwest Areas Lag

have

It was pointed out, however, that more than half the defense contracts awarded in the South Atlantic section comprised ship construction, which will be spread over a period of years. “High degrees of concentration of defense awards relative to net manufacturing output also exist in New England and in the Middle Atlantic states,” the Board said. “To the extent that regional dis= tribution of defense contracts changes the regional income pattern,” it added, “the central areas seem likely to lag, although there are two factors that will probably serve as offsetting influences.” First, a high percentage of fense plant contracts is awarded to interior areas for strategic reasons, and when these plants get into production the regional Income will be increased Second, the demand for nonmanufactured pvroducts, including agricultural commodities, will probably increase.”

\ ey N LOCAL ISSUES The following guotations by the Indian. apoiis Bond & Share Corp. do not reprent actual orice of offerings, but merely indicate the approximate market level ased on buying and selling quotations of recent transactions. St _cks

$s Finance Co. Ine. Fina ice Co.. Inc., RR & Stk Yds rom RR & S kK Yds pid Central Ind Pow 77, pid Comwlth Loan 57% pid Hook Dug Inc com Home T&T Fi Watne 7 Ind Asso 1 Ind & Mic Ind Gen 5 Indnls Gas com Ind ¥Hvaro Elec dpls P&L 547% s P&L com Indpls Water 5% Lincoln Nat Life N

de-

Agent Age ats Bel Belt

com pfd..

Union Title Co com Van Camp Milk vfd Van Camp Milk com Boads American Loan 58 51..... Omerican Loan 58 46 . Fin 3s 50 { 4%s 61 ..... Home T&T Ft Wayne 528... Crabb-Reynslds-Tavior 5s 42... ¢ Home T&T Ft Wayne 6s 43... Ind Assoc Tel Co 32s 70 Indpls P&L 3%s 70 Indpls Ra‘lwav Ine 5s 67 Indpls Water Co 3 66 Kokomo Water Works 5s Kuhner Packing Co 4' Morris 5&10 Stores 5s 50 Mt nce Wau er Works 5s Nat 8 Hosiery ‘

Richmon 1d Ba, Wks 55 "87. Term Corp 5s __ X=—Ex- dividend.

COMPLETE GLASSES Here is a chance to make rreat vings on your next purchase glasses Think of it, you these beautiful TORIC comp] lete with *‘Goldfinish mountings that 1itable for either FAR or vision at our new low All lasses ground on Licensed Doctor

ription

teopathy

SC ol

{ Os

Lowest Prices

TO YOU

Why can NATIONAL sell glasses 0 chean? That's easy! A large sized factory coupled with tremendous purchasing power and home owned outlets results in a lower overhead and cheaper prices to you,

Largest Chain e operate branches in princi r 300 people, and supply g America

pai cit

HOME TRIAL!

vour

15-DAY

esirea no exira cnarg

FNAL OPTICAL

of Optical

ies of the United State: asses from one of the The principals of this irm have man

MONEY BACK G

Stores in America and Canada. employ optical factories of satisfied customers

largest

Broken lenses repaired and prescriptions

duplicated replaced filled

Ocu

Lowest

124 W. WASHINGTON Open Tues., Thur. & Sat, Eves.

markets. and mar-|

South

How business is faring in the midst of feverish defense activity, war and rumors of war, is deseribed in three articles written by John T. Flynn, noted autheoreconomist. The first article appears below,

n ” n | By JOHN T. FLYNN | Times Special Writer | There does not seem prospect

The only thing that can

S the ending of the war. would not stop it right away. in might for a vear or more after Ig of the war. | (The last war ended at the end | of 1918. But the Government spent | more money in the succeeding year | -1919—than it did in 1918. It spent | $14,000,000,000 in 1918: 000,000,000 in 1919.) If the war were to end today the | Government, during the coming | year, would continue to spend more than it is spending the great force which is driving bus[iness activity i SO.

And that

§ g business activity | the end-

This does not mean that (present-day business will boom from (now on In the same degree or that | the boom will continue in every line Generally industries may be put mto two groups—defense industries and non-defense industries The defense industries will boom. The non-defense industries, however, must be divided again into two groups: (1) Those which come materials with dustries will be checked.

Del for (2) Those

which do not compete with defense | boom almost as much 1

industries will

as the defense industries. Some Industries Halt

Moreover, {posed that

It must war

ose

not be supthe or defense industries are th merely which make guns. Most of the great raw material industries contribute heavilv to defense production, and all [sorts of industries are recruited to inake parts We shall. rising activity

therefore, see great and in one set of indusPieS— SU h as aircraft, shipping, arms—which are obviously armament industries—but also in such industries as soap and shoes and leather, chemicals and copper and machinery, dairy products, drugs, | flour, mail order houses, packaged foods. On the other hand, the outlook for very vigorous energy is not so good for telegraph, coal, cotton textiles, baking, wool textiles and a few others. At the moment

N Y.S

there is what

Net Last Change

SE 3

Am& FPw Am Met Am Pw AMPK L 8

11 Fa

3) rs 80

C00 “FUN Bn ND de

Anaconda Armon l Arm nl Atchison Atl C Line Aviation Corp

2. BASE :

‘PEE

Er Er ar pF

Ohio Bal Q »f Bendix Avn Bond Stores Borg-Warner Burroughs

Ba A

being |

Chi Gt W pf Chrysler Cleva El Tl Cluett Peab Colum Gas Com Solvents Comwlith & So. Comwith&S pf Cons Copermns | Cons Edison {Cons Oil Cont Bak A Cont Can Cont Oil Del Cotv Inter Crane Co Curtis Pub curtiss-Wr Curtiss-Wr

& »

—- Wn DON 5) «JCI DDI on

DANI LI ILI DT on

“ ” NAD a £3 CA ps P = rr Awa

Dlr N= TO

SO EEE EE “

O00 =n

Ask |

| | Dome Mines

Goodrich Goodveat Grevhound Grum An Gu Mob&Oh

C0 Yrs ID LD ws

o~e -o yd

I | - » »

» »

rd § 2 ¥ ram) LWRIN an

> |

Kennecott Kresge Kress

Va I & Fink McN&IT. & My

[Leh Lehn Libby 1

Marshall Mart Masonit McCall McGraw El McKesson Rb pf : McLellan Menge! Merch Mo-K Mo-K Mont Mor : Mueller Muliins pf

8 1g

Fld Glenn) e Corp Corp

Ya ist pif & Mi n

Tex pf

18S

Nash- Keiv Nat

go on |

it spent i

now—so that |

By UNITED PRESS

ot ED k s Wabash

to be any of a quick halt to the up-| this week is not expected to come Ward spiraling of business. | the war . . . “ . 1 Retail trade will be the big item as Easter shopping

stop it |

Ris- |

up would continue to |

all |

defense in-|

| As the national defense drive the flow of vital aluminum more a less and aluminum to make aluminum all

the rise of the | several weeks dropped a litcertainly is

{seems like a halt in business cvele For it has faltered, even tle. But this most temporary This halt one, the shifting cne type of produc two. some difficul sential raw materials caught for the moment m some bottleneck ol othr difficully; three, strikes; four, capacity proqQuction in certain lines whic must wait on plant expansion; five, delay in tools or plans or designs. Of course, business activity and business profits do not always g9 together, What profits will be in 1941 is one of the great as vet

is due to several causes: of industries from tion to another, ties im getting esor parts

unplumbed mysteries of these very |

difficult and complicated times. A good many things will have a part

THE INDIANAPOLIS TIMES Business to Keep on Upward Path, Even For a Time After War Ends, Flynn Believes

less to the pots-and-pans trade.

PAGE 15

gains momentum, priorities direct nd more to airplane manufacturing, Above, workman pours oy permanent castings.

For will

in determining profits thing, taxes, of which more later, Then there are prices, labor costs, raw costs—all more or less able—the rates which speed: these render the uation a little less rosy. That uncertainty is causing the sloth in the market This at least is one portant reason Investors not been able to settle in minds the course of profits coming vear., The other factor in the market is the whole element of uncertainty about the duration of the war,

see

we other factors material unpredictgo with profit sit

what 1s

stock imhave their in the

NEXT—How the problems of raw materials, labor and prices affect business,

TOCKS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS 124.32 122.32 0.25 123.64 2.1% .“s 151.29 0.19 133.59; law, 115.66, 152.80; low, 111.8%, 20 RAILROADS

| Saturday -.32 Week Ago | Month Age 1 Year Ago . { High, 1941, High, 1910,

29.5% R61 288 . . 31.96 20.%): 26.54 32.6%: low, 22.14,

15 UTILITIES

-f. 13 012 0.35 -0.12

Saturday Week Ago Month Ago Year Ago i High, 1911, | High, 1940,

low,

-0.05 0.20 + 0.14

19.5% 19.69 19.5% . 23.92 18.81, 18.63,

Saturday | Week Ago Month Ago Year Ago | High, 1941, | High, 1940,

20.65; low, 26.45; low,

Net No 1 No No

Amel — Amn Avn

Pacidc

8 ‘a

Ohio Oil ws. Outlet

EEE)

Fish.. Aire

Pict 2

Pac Am Packard Pan Am Param! Para Pic Park Uiah .... Pathe Fim ... Penn RR ... Pere Mqt ... Phelps Dodge .. Phila Co 6 pf.. Press St] Car Procter & G.. Pub Serv 5 pf.. Pullman Pure Oil | Pure Oil | Purity Bak

la “8 " n

w We EE LEE NE Bee tt pt neem

S03

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- - “ wa

— OU SID -

Pt D0 TLD rt NTO st li D0 6 st BIBL CD

BOD Uh ASCO 8 VED rt D0 rt dn OY ts

BSD rs dn BIT : Pt TO OO) Cd CN pk PND pn on BO ks 03 8D oY

w »

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Reo Mot . Re bu iblse Stl R« Tob B

+ i

os Per we

30 rs

Safewav 5 Scott Pap 4 Seab'd Air I { Seab'd Oil Sears Roebuck Servel Ing Shell Un Oil Soconv-Vacuum So. Am Gold AC

Ry h Ry

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DISD DEI OO

“yr

WDD DI gr

DEAN DED AN EAN D —

PBR en

a v 4 IPB Amp EEE eae R

PD st ot Br a

£5 mt

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D3 ln WD DID MIDI

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00 FD TO a am

II = RE rere WRB DODO NDOW ® ame asp aan

3 IS I=

“ww

PP a> Pr

Texas T'mk 20th

Corp D Ax Cent-Fox

es one

rots w

“IAD ODNIX

& ammw ADO ONAD wir yore Fanva

PIF »

Vanadium

83 3

A . Ss

Wabash nf Warner Bros | Wes Oil & | West Md West Union Wilson & Co .. Woolworth

— Ws » pe » Ra

8 to

& © DN LOI » a 8 Koa

DUN

i Yellow Tr .. | Young Sheet ..

* {Zenith Rai

- FOREIGN

YORK noon

NEW mg are jrencies. England

April 7 (U. P. Tollowcable rates on major curCable Rates Net Chg.

(pound) .. $1.03,

(markka’') ... Switzerland (franc).. Cuba (peso) Ceara Sweden krona) Japan (vend Mexico (pesol *Transferable only license

0503 02108 232 1

94 23 20

under

in|

EXCHANGE

| 3. Treasur | -—

RYE PRICES SHARPLY ] HIGHER AT CHICAGO

CHICAGO, April T (U. PJD Wheat prices on the Board of Trade showed no change of importance in |a quiet trade today. Rye worked sharply higher with the style deferred contracts new high ground for the season. Other grains were moderately higher. Soy {beans were mixed | At the end of the first {was up 's to ‘ic, May Was up 3 to 3sc; oats to up “kc, rye up 15 to 23 beans a) 5 to off ! | Wheat started a Rade lower, [recovered immediatelye after [scattered commission house demand. | Traders were reluctant to make new

new entering

hour, wheat

x 92':c

<¢, and soy

but

legislation developments.

INDUSTRIAL SAFETY COURSE WILL OPEN

An industrial safety eng training course sponsored by the * Federal Government and Purdue s University will be opened at 8) i o'clock tonight at Washington High | School. Tonight's session will be devoted to accident causes and the place and importance of safety in industry. E. C. Forsythe will preside |All expenses of the course are paid by the Government, Motion tures will be shown at all sessions, | which will continue weekly through i 9.

.|CHICAGO ) LIVESTOCK

50 to most ad1

Hogs—Receipts. 900; uneven, 75¢ higher than Friday's average ] vance on weights 240 Ibs. and up. all interests not following: to freely, good | and choice 180-270-1b $8.75@9. 270-350 1bs., $8 508.85; so 3 15¢ higher; 400-500-1b. weights Y light weights above Cattie—-Receipts 11.000 fairly active trade on both teer and heifer veasings strong to shade higher fairly dependable market also on prime and choice weighty steers medium to good kind slow; big packers bidding lower in face of higher asking price Cows strong to shade higher bulls 15 to 25¢ higher; vealers strong at $13 down: stock cattle scarce supply mostly direct feeder dealers from southwest, largely £9.50@ 12.50 steer trade prime 1300-1b ' bullocks reached $15: best long vearlings around $13.50; most other steer sales on early round largely $9.75@ 12.75 with bulk (scaling 1200 Ibs. upward unsold 3 sausage bulls selling freely up to cutter cows $6.75 down with cow run tremely small Sheep-—Receipts, lambs held active thing sold on early round. few choice 85-93-1b fed wooled $11.25 to shippers; bulk 95-104-1b West - erns, $11411.15; latter a popular price for weights under 100 Ibs some 105-112-ib offerings, $10.75@ 10.90: best 115ib. Western ewes. steady, head natives down from 87.25

calves ]00

12,000: firm: pract

trade ever) good and Westerns

today's ical

around $7.50: odd

one |

com | unchanged |

on |

“nange | COMmitments pending further farm |

meering |

pic- |

Month Ago

PRICES ON HOGS

| Top Rises to $8.95 Here as U. S. Plans to Pay $9 For Porkers.

HOG PRICE RANGE Top . SR.00 7.95 8.15 vrsassases 8.00 5.90 7.95 8.05 8.10 8.30 8.40 8.95

Receints 8,919 8.264 9.209 8.015 13,925 1.30 8511 10.918 12.993

March 26 March March 2 March March April April April April April April

Pesta E EE aR Cees erannaNseans

seve nan

Serene aes ARNE

SEAR E RL aaa tea SEER ANE RA ER RRR Ceres E Raa

1 2 3 1 5

V vaaraan 5,166

Hog prices Indianapolis stockyards today, largest gain since the Nazis

The sharp upturn

ment’'s announcement last market at Chicago for $9 hundredweight. Pork is one commodity England is expected to receive under the lend-lease bill.

Decreased receipts also influenced |

today’s market here. hogs were received, 13,725 last Monday. At the nation's 12 major livestock markets, receipts today fell about 50,000 short of last Monday. The top and choice

Only 5466

rose 0 $8.95 for good 200 to 210-pound hogs. Vealers were unchanged with a S12 top. The Agricultural MarketIng Service reported cattle were received, 604 calves and 973 sheep. Cattle prices were strong to cents higher,

HOGS

Barrows and Gilts Good and Choice 10 pounds 130 160 pounds 160+ 180 pounds 180- 200 younds 200-

220 rds 220- 2

24 70. 300330 Mediu 160-

.. 8

pou poun hanna nounds "earn, NOUNAS os .nssunass Sta 8.30 pounds

3 5 85 90 00 3 30 300 0 330 360 nm —- 200

8 8 8. 8 9 8 8 8

pounds . Packing Sows and Choice 300 pounds 330 pounds 360 pounds

8.75

Good 270-

0 300- 3

8.00

mds 450« 500 ids Medium — 250- 500 por

po:

mds . Slaughter Pigs Medium and Good— 90- 120 pounds

CATTLE Slaughter Cattle & Vealers (Receipts, Steers

"ms (0d

1156)

he 500 900-1000 nounds 1100-1300 pounds 1300-1500 pounds Good — 750- 900 pounds 900-1100 pounds 1100 1300 pounds unds

pounds "ohne £12.254113.50 2.257 13.75 12.25@ 13.75

[email protected]

revere ate 5 10.504G 12.25 10.504 12.2 [email protected] [email protected]

8.00% 10.50 8. [email protected]

8.00@ v.00

sone ven

CesesssRRnen

ea 750-1100 pounds 1100-1300 pounds Common=-750-1100 pounds

Steers,

Certara.

Heifers {| Cl Slee 750 G 000 { 500- 750 pounds

pounds 11.25@ 12.25

‘unui 10.0049 11.25 Heilers Cholce— 30- 900 Good 75 a00 Medium — 500- 900 pounds ,. Common— 500- 900

pounds seesnnases 11.00 12.00

nounds

esas rRs say

vevsarenssy [email protected]

ounds ceransnne

Good | Medium Cutter and common Canner ge Bulls

(Yearlings excluded) Beof Good Sausage Good Medium ' Taran | Cutter and COMMON .nuueens Vealers Good and choice Common and choice . Cull . 5 | Feeder and Stocker Cattle St

(Receipts, 604)

“est iarenettaannr nn

Choice 500- 800 pounds 800-1050 pounas Goo 500 800 pounds 800-1050 pounds Medium 500-1000 pounds Common —- 500- 500 pounds ...

Calves (steers)

EEL EE EE NY

Shans tanate setts crnanane

ssestesvaneee

tests raanes

| Geo. and eholce—

500 pounds down Medium-— 500 pounds down

{ rs (heifers)

[email protected]

| Good and cholce-

500 pounds down [email protected] | Medium 500 pounds down 8.00@ 9.50 SHEEP, LAMBS (Receipts, 973)

Lambs

Good and choice ‘ear Medium and Rood “eae | Common

oD wD oon

Yearling Wethers Good and choice Medium

e9 933

ow wo

23-1 Grom

Ewes (wooled) Good and choice . Common and medium

DAILY PRICE INDEX

NEW YORK, April 7 (U. P).— Dun & Bradstreet's daily weighted price index for 30 basic commodities, compiled for United Press average equals 100): Saturday Week Ago

on D0

129.32 129.60 126.35

ses srs essa stse ree

Paras ese ar ENN

Year Ago 1941 High 1941 Low

29) 120.66 123.03

(March (Feb. 17)

fase

Guaranteed

WATCH REPAIRING DONE BY EXPERTS H. H. Maver. Ine.

42 W. Washington

THE MEMBER

* A LEGAL

American National Bank Bankers Trust Company Fidelity Trust Company Fletcher Trust Company Indiana National Bank

* *

Indianapolis Clearing House Association WILL NOT BE OPEN

Good Friday, April 11th

Union Trust Company

wx —

BANKS OF THE

HOLIDAY

Indiana Trust Company Live Stock Exchange Bank Merchants National Bank Peoples State Bank Security Trust Company

* * *

[email protected] |

2.500

compared with |

1176 salable western

8.20 dividually

7.60 | | turned

the

SOAR 50 CENTS:

Frank J. Wiffler of Chicago, National Restaurant Association secretary, be one of the speakers at the Indiana Restaurant Association’s eighth annual convention April 15-17 at Hotel Antlers.

will

NEW PENNSY TRAIN WILL SERVE CITY

sleek streamlined that will maintain a two-way service between St, Indianapolis, the Fast, will inaugurated by Pennsvlvania Railroad April Vice President H. E. Newcomet the region, announced The new trains, to be known The Jeffersonian, will be hauled through Indianapolis by streamlined | steam locomotives. East of Harris- { burg, Pa., giant electric engines will {provide the motive power in the 'railroad’s seaboard electrified territory. | Providing daily service, the trains will operate to and from New York, Philadelphia, Baltimore, Washington and intermediate points. All seats on

| 1 Three coach trains daily Louis, be the 27 railroad's

today.

reserved meals will be served, observation, lounge and buffet cars will be av able, and coach attendants radio programs under control

ailand of

8.00 the passengers wiil be provided.

Each of the reclining seat coaches will accommodate 56 passengers and [dressing rocms will be available fou men and women passengers. At a {suitable hour each evening, head lights in the coaches will be off and the aisles will illuminated by floor lights beneath seats.

OTHER LIVESTOCK

10.25% 11.00 | OQ!

| spring

(1930-32

117.85"

CINCINNA TI Recei pt 2600 generally 50 to ‘Saturday weights vigher than to ) 60¢ higher rade 180- 220" um and good $8.05 8 50 100-140 s 50 cents $6." 15607.25 eipts, 850; calve trade not particul and heifers mmstances str fully steady: medium and heifers, 89.50 10.50; sional good 1050-1b. steers, $10.75 dividual good 1320-lb. bullocks, $11: lightweight cutter steer and heifers. $7.75; mecows 87a 7 WE individual good cows cutter and common, weight canners, $4.7 “hulls, $8.2 25 top steer to strong; common and $6 and be-

April 7 «UO P. Market active on

Hogs haht dd higher 160 It and up Fri da lighte: t $9 {or good Ibs 160-130 grades Ih hig

onl an

3) . 160 1.75 her, mos good 4150, Genmost stronger;

um offerine $5.7 3 6 Ws 15 20; an

{ rn 5

medium, $7 50 1 10.50; culls, low

Sheen about

100 Few classes, supported r demand should nad good ew 5 lambs $15 * In small numbers scarce except for sheep, scarce

Receipts sales steady on al lambs prices narrow small Kille sharply lower arrive, truck lambs, $0.50

34-1b ma

arly bu mainly packer sizeable num 19-1b uck load

Spi pt

quotable around

Ay NE Hog 180-200 38.55: 220-240 1b 260-280 1hs 33.15 S 27.90. 350140 130 1b

hs Pe

87.50

180-180 1h 240-260 88.20

| declining

| creases

: | the trains will be inPopular priced!

over- |

| Michigan

, 140$6 904; |

calves, |

STOCKS STEADY

AFTER DECLINE

Nazi Move on Jugoslavia Causes Early Slump; Steels Gain.

NEW YORK, The stock market

April 7 (U. P= steadied in afternoon trading today after a decline of fractions to 2 points on the German move into Jugoslavia Steel shares improved slight on word that the U. S. Steel Corp. and the C. I. O. had agreed on continuation of work during negotiations thus adverting a threatened strike. The leading issues, howeuar, still were fractionally under the previous close. Gencral Moto:

came back to the previous close and Chrysler held at 63°, off Rails rallied. U. 8S. Rubber recovered nearly all of a small loss. Du Pont firmed after a point, Trading was light and no sharp demand developed. Traders waited for outcome of the Balkan war, which they regarded as highly important marketwise. Business news continued favore able, featured by continued ine in railroad earnings. Seve favorable corporation reports Issued,

STEEL INDUSTRY NETS $258,000,000

CLEVELAND, April 1 (U, P).— Net earnings of the steel industry for 1940 exceeded the aggregate amount of taxes accrued and paid for the first time since 1937, the magazine Steel reported today Net, income of 23 major producers, representing more than 90 per cent of the industry, was placed at $258, 688,663 before dividend requirements on preferred stock, while combined taxes of the measured companies were $208,644,842 Total taxes paid during 1939 were $134,762,731, more than 3 per cent greater than the combined net ine come for the year of $130,408 408,462.

.S. STATEMENT

U.S WASHINGTON, April T U0. P) —Gove ernment expenses and receipts for ths fiscal r through April 4, come r ARO

curen pared with

eral were

Last Year

Lxpen

04.940.563 13 270.414.085.00

Customs

INDIANAPOLIS CLEARING

Clearings Debits

FOOD PRICES

CHICAGO. April Jonat]

HOU

-Apples <= 3@ 1.35 To-

matoe Sninach

Lettuce-—/ Potatoes Onions (50.1b, $1.25 1.35! Colo« 81 95 . WHEAT elevators >, subject

shelled d

Span sh.

WAGON Indl anapolis grain pNO. 1 neat, B84«

re nrvin to marke corn, 68¢; \ 64c, No. 2 White oals ay

75 FuRMITURE i to SUA RANT

(Wr oD 7, ALR TTR "Lc Covimn A ATS RTE URAN cgO8

EAR 8 IN

pa Po RY

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120 E. MARKET ST.

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LADIES’

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KINNEY’S

138 E. WASHINGTON ST.

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1129 W. Wash, [oma Theiter