Indianapolis Times, Indianapolis, Marion County, 24 April 1941 — Page 21

THURSDAY, APRIL 24,

1941"

BUSINESS

Retail Trade in Larger Indiana Cities

Improving

—— BY ROGER BUDROW

THE BIGGER INDIANA CITIES ARE CONTINUING to show greater improvement in retail trade than the smaller ones, according to the Commer During March, retailers in Ft. Wayne, Gary, Indianapolis and South Bend had a 15 per cent gain in business over The same improvement was made in La-

March last year,

fayette, Marion, Michigan City and Muncie. Terre Haute made a 14 per cent improvement.

average was 14 per cent.

But cities of less than 10,900 population had only a 4 per cent gain while those under 5000 population had a 2 per cent loss from last March. One exception to this trend is in cities (or towns) of] less than 2500 population which had a 15 per cent gain. : : Gary led the state with a Roger Budrow og per cent increase over March, 1940. Ft. Wayne and South Bend tied last month in the extent of their increase in business—21 per cent over last March. Indianapolis was last in the “Big Four” with a 13 per cent gain Household appliance dealers apparently did the best wtih a 39 per cent gain over their March, 1940, business. Jewelry stores were next with a 38 per cent gain, automobile dealers had a 33 per cent improvement while lumber and building materials dealers boosted their business 25 per cent.

..n THE STOCK MARKET didn’t take a nose dive on the German victories in Greece yesterday as it did on previous successful Nazi blitzkriegs. Experts explained that the fall of Greece was expected by most traders who sold stocks short. The selling was overdone and prices rose easily when shorts were driven to cover, : eo % 9 THE REARMAMENT program is beginning to pinch not only civilian industry but also itself. To conserve vital metals, plastics are to be used as substitutes (automobile fixtures, for instance). The plastics makers need cotton linters and have been buying great quantities. The smokeless powder plants at Charlestown, Ind, and other places need great quantities of cotton linters also— and the price has jumped 50 per cent since the beginning of the year, 8 8 9

ODDS AND ENDS: Colgate-Palm-olive-Peet Corp. reports it is no longer possible to import olive oil (but has large stocks on hand) and has switched from aluminum to tin for shaving cream and tooth paste tubes. . . European refugees coming to America have their entire savings in a packet of industrial diamonds, necessary in delicate boring and grinding operations, Pontiac purchasing department reports. + + « Most yellow brass pipe manufacturing has stopped because 30 to 40 per cent zinc is needed (and zinc is needed for rearmament) and manufacturers are concentrating on red brass alloy, Copper & Brass Research Association says. . First synthetic rubber plant run by an oil company to go into operation is Standard Oil of Louisiana's $3,250,000 plant. Soap manufacturers, makers of lubricating oils and some textiles, finding the U. S. supply of tallow sold out, plan to import from South America. About 10,000 bales of low-grade cotton are expected to be used in making high-grade writing paper this year.

FOREIGN EXCHANGE

NEW YORK. April 24 (U. P.).-——Follow-ing are noon cable rates on major currencies Cable Rates Net Che, England (pound) $4.02; Canada (dollar) +.001% *France (franc) 10001 ltaly (lira) . Finland (markka) Bwitzerland (franc) Cuba ipeso) Bweden (krona) Japan (ven) Mexico (peso)

'1$100,000 in attorney fees.

‘IL. Lewinson,

Better Than in Smaller Ones

ce Department.

Evansville and The state

AIRGRAFT FIRM LACKS ENGINES

North American Behind on Delivery Because of Shortage.

WILMINGTON, Del. April 24 (U. P.) —North American Aviation, Inc., is falling behind on delivery fighting planes and bombers “because of a lack of engines,” James H. Kindelberger, president, told shareholders at their annual meeting yesterday.

A shortage of raw materials, hel}

added, wiil result in “tough scraping” for the industry for three months to come, “but no stoppage of delivery is anticipated.” Praises New Fighter Mr. Kindelberger emphasized that

production ofesboth bombers and fighters “is on or ahead of schedule”

and the company is going ahead|Bmn building airplanes despite the lag!

in obtaining motors. The fighter ship now being turned out by North American, Mr. Kindelberger said, “has both a lower landing speed and a higher top speed

of 4

eee THE INDIANAPOLIS TIMES

Trackless Tank Takes the Bumps

With its massive tires bouncing up and down over rough testing p—— this trackless tank gave a preview performance recently for Army officials at Ft. may be adaptable for reconnaissance purposes and might be altered slightly to carry more armament, manufactured by Trackless Tank Corp. of New York.

Meyer, Va.

Preliminary reports indicated that it

It is

N. Y. STOCKS

Allegh C

Allied Stores Amerada '

Anaconda Armour Ill . Armstrong Ck

Aviation Corp .

Barber Barnsdall

Bald Loco ct .. Barnsdall Bendix

vn Ben Ind Loan p Beth Stl

Boeing Air ....

Burroughs .. Butte Cop&% © Byron Jackson

Calumet &

than had been estimated.” “The only ship in the world of the same type which is faster,” he|{ said, “is a British ship which is| not yet in production, but which uses 65 per cent more power.”

General Motors Helps

{

Canada Dry Case J I .. Celanese Cent Fdy C “hes Corp

Chi Gt W Ry. Chi Gt W Rydp Shivsier City Stores

He informed shareholders that by selling a small Maryland plant to a company making airplane parts at a price of $75,000, | save $1200 to $1360 per month on | charges. The Dallas, Tex, plant] of the company, formally opened | { April 7 “is already ahead of] schedule.” The company's new Kansas City, Mo., plant will turn out planes constructed from parts supplied by the automobile industry and in full production about 50 to 60 per cent of the work will be farmed out to Gen-| eral Motors Corp.

SPRINGER OPPOSES TEAPOT DOME FEE

Times Special WASHINGTON, April 24 —Rep. Raymond S. Springer (R. Ind.), led a fight from the House'floor today to try and save the Government

As a member of the House Judiciary Committee, Rep. Springer signed a minority report asking that a bill providing this sum for two California lawyers be defeated. The attorneys seeking this amount are L. R. Martineau Jr. and Joseph They claim they have such a fee coming because of the part they played in collecting $5,000,000 from the estate of the late

oil magnate, Edward L. Doheny, as|j

Justice Department assistants in one of the cases growing out of the Teapot Done oil scandal. Rep. Springer pointed out that they had been paid $25,000 for services as assistants from January, 1936, through April, 1937, and that this was at the $10,000 annual salary allowed by law for Justice Department lawyers. In addition they continued their own private pragtics

*Transferable only under U. 8. Treasury

lecense.

he pointed out. -

—

community. In the develop

long enjoyed.

TRUST SERVICE for YOU

For over 47 years, this Trust Company has been an outstanding leader in the fihancial affairs of this

—in the planning and care of estates for a notable list of individuals—our Trust Department has demonstrated Hs right to the public confidence it has so

The UNION TRUST COMPANY Capital & Surplus $3,000,000,000

Member Federal Deposit Insurance Corporation 120 EAST MARKET ST.

ment of its trust procedure

olgat-P-P Golim Gas Com Inv

‘ons Cons Cons

Coppernm Edison Film Laundries C ons Oil £ ont Cons ont il D OL wht Crucible St

Crucible pf .... Curtis Pub ....

Curtiss Wr ...

Abbott Lab heh

Allied Mills ....

Woolen pf., !

Bold Loco ct ... 13 Asphalt,

Barber Asphalt,

Beatrice Cr ....

Blss&Laughin . gdale .....

Callahan Zine . H

Climm Moly el TI ae {Com Solvents .. the company will | Comwith Edison

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Dayvion P&L po 118

Deere & Co Del & Hud Douglas Aire Dow Chein Du Pont ... Du Pont pf Elec Atuo L Eng P 8 5.5 Ex-cell-o

First N Strs Flintkote » Florence Freept

S123 . 140 124%

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Stove. Sulphur

oh «81 34 140% 124% wf « 264 81 23% Fy

26's 81 23%

353% 124 3014 34'2

12% 30% 34%,

Gair Robt ..... Gair Robt pf .. Gen Electric ... Gen Motors .... Gimbel Bros ...

Goodrich Gt North pf’

Greyhound cp.

Gulf

Mob&Oh .

Gu M&Oh pf ..

Howe Sound ...

Hud Bay

M&S...

Hudson Motor. .

Ill Central

Hl. Cent L.L...

Indpls

Pw&Lt .

Inspiration Cop.

T&T For ..

Kennecott

Interlake Ir ... Harvester. . , M F1arine.

BIBI nT ul EO BN

Kroger G & B.

Lockheed Aire Loft. Ine Lorillard ‘ Lou & Nash’

Maglite vorp, McCro McK id Mident Minn Hnv

Mission Corp .

Nat Dairy

No Pacific

Ohio Oil . Otis Elev

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By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS 40.81 —0.44 +0.63 +0.11

Yesterday Week Ago .. Month Age

sessassnanassess 118,18 assbbansssssseses 123.38 «vs 148.56 High (1941), 133.59; Low, 115.78, High (1940), 152.80; Low, 111.84, 20 RAILROADS Yesterday Week ARO ....ovnee Month Ago ..... Year Ago High (1941), 29.75; Low, 26.54. High (1940), 32.67; Low, 22.14, 15 UTILITIES sabes 18.17 18.45 19.59 24.75 8.07. 8.03.

+£0.10 0.04

Yesterday

Month Ago .. Year Ago High (1941), High (1940),

+4-0.01 20.65; Low, 26.45; Low,

Net

Low Last Change

146% 8'a 10's

High 146% 81a « 10%%

Pub Ser 8 nf. Pure Oil Purity Bak ...

Radio Readin 1k Republic Stl ... Reyn Tob B ... 3 Rustless I&Stl..

CS - pr Od pe HES ad -C WIR WN a

Savage Arms .. Shell Un Oil ... elly

BS bet bs 03 BI oa Pe Te - ae ada a

CF NCD UND UV D3 re in 03 OO ie 03

Studebaker Swift Intl .. Syming-Gld xw.

—

Texas Gulf Prod Texas & Pac

: Thermoid pf is

Und Ell Fish Union Carb .. Un Pacific .. United Corp United Cp pf

'e 3332 2 : 83%

i 11-16 20

Un Stores

Vanadium feck Chem . Virginian Ry

Mot . Sup

Waukesha West Auto West Union Westing El . White Rock ... Overland Woolworth .... 2 Worthington

03 OLIN WOO r= DDI oC Ly ee WEEN ae 03 MP EIBI DOD we DD wd UY dL ew Ty pe pe @ WINE ay

32% 8

LOCAL ISSUES

The following guotasions by the Indian. apolis Bond & Share Corp. do not represent actual price of offerings, but merely indicate the approximate market level based ori buying and selling quotations of recent transactions.

Stocks

Agents Finance Co. Inc, com Agents Finance Co., Belt RR & Stk Ydé Belt RR & Stk Y Central Ind Pow Oomwith Loan 5% Hook Drug Inc com 15 Home T & T F. Wayne 7% pe, if Ind Asso Tel Co $5 a Ind & Mich Elee 7% Ind Gen Serv ar pfd Indpls Gas co ' Ind Hydro Elec 1 Indpls P&L 5%

Bid Va

Ask

0 Indpls P&L con

Indpls Water 37% pid Lincoln Nat Life Ins com. Ind Pub Serv 5'27% pfd N Ind Pub Serv 6% pid. . N Ind Pub Serv 77, pfd...... Progress Laundry com aese 1 Pub Serv Co of Ind 677 pid... ! Pub Serv Co of Ind 77% pfd.. *So Ind G&L 4.8% pid ‘as Terre Haute Elec 6% pfd... Union Title Co com 31 Van Camp Milk pfd Van Camp Milk com

Bond

American Loan 5 51 American Loan 5s 46 Consol Fin 6s 50 Citizens Ind Tel 4Ys 61 Home T&T Ft Wayne 528 Crabb- Reynolds-Taylor Bs 4. Home T&T Ft Wayne 6s 43. Ind Assoc Tel Co 3'2s 70.... Indpls P & L 3%s 70 Indpls Railway Ine 8s 67 Indpls Water Co 31.5 66 ...... Kokomo Water Works 5s 53.. Kuhner Packing Co 4'2s 49...100 Morris 5 & 10 Stores 5s 50.....100 Muncie Water Works 5s 65.... Nat Silk Hoslery 5s

42 8 'N Ind Pub Serv Was "

N Ind Tel 4'2s 55 . Pub Serv of Ind 4s 69 Pub Tel Co 4'28 55 Richmond Water Wks 5s 87.. Trac Term carp 5s 57 .

FOOD PRICES

CHICAGO, April 24 (U. P.).—Apples— Michigan Jonathons, bu., 75c@$1.15. Tomatoes—Mexican lugs, $3. 50@5. Spinach— Texas bu., 50c. Caulilower—California, [email protected]. Carrots—California crates, [email protected]. Lettuce—Arizona crates, $4@5. Sweet Potatoes—Tennessee bu., [email protected]. Onions (50-1b. sacks) —Michigan Yellows, 95c@ $1.10, Wisconsin FeHows, $2.25. Spanish, $2.6

Accountants’ Host

ADVANCES MADE BY RAIL SHARES

Motors, Steels, Coppers Join Rise but Trade Volume Is Light.

| April

|an $11.50 top.

NEW YORK, April 24 (U, P)).— Stocks advanced fractions to more | 1 than a point today with volume light. Railroad issues made the best showing. Motors, steels and cop-| pers joined the rise. Numerous special issues gained a point and more. Demand developed for many of the preferred issues. Chesapeake & Ohio was up more than a point, Nickel Plate preferred rose more’than 2 points and the Gulf Mobile & Ohio issues made new highs, Small gains were made by New York Central, Santa Fe, and Pennsylvania, Southern Pacific was active and Arm.

wv HE

SMALL GAINS MADE

IN WHEAT PRICES

CHICAGO, April 24 (U. P.).— Small gains were registered in the wheat market on the Board of Trade today. Volume of pit trade was small and professional in character. Other grains were up fractionally, Soy beans displayed a firm tone.

was up 4 to 'sc; May 89%e. was unchanged to up 'sc; oats unchanged to up '%c; rye up % to %c, and soy beans up '2 to %e.

WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid 8lc per bushel for No red wheat (other grades on their merit) and paid 66c per bushel for shelled new No. 2 yellow corn; No. 2 white shelled corn, 70c: 0. 2 white oats, 3

LANDIS SAYS FARM PRICES ARE TOO LOW

Times Special WASHINGTON, April 24 —Farm prices recommended by Secretary Claude R. Wickard in the new Agriculture defense program are too low, Rep. Gerald W,. Landis declared today. Farmers should have parity prices and thus share in national defense prosperity he contended. “It looks as if the Government wants the farmer to produce more in order to keep the prices down,” Rep. Landis said. “If the farmers are to share in the national defense program, they should have at least parity for the products.” Rep Landis also long has favored a Government guarantee of “fair prices” for farm products based on cost-of-production plus a profit,

South Bend Housing

Contract Awarded WASHINGTON, April 24 (U, P.). -—The Public Buildings Administration today announced award of a contract for 500 units of defense industrial housing at South Bend, Ind, to Thomas L. Hickey, Inc. South Bend. The contract totaled $1,505,000 and a $6000 fixed fee to the contractor. The project includes 350 units near the Studebaker plant and 150 near the Bendix Corp.

At the end of the first hour wheat | Cholce— Corn | Goo

(R. Ind)|®

BIDS FOR HOGS FALL 15 GENTS

Sellers Counter by Asking 15 Cents More Than Yesterday’s Prices.

HOG PRICE RANGE Top 10 siiiivnnnnnnninesy 390.00 Il wevvvnunnsscnnseies BOD 12 siivnnnnssnnnnnsses BOS 14 suvinninunsssesnnss BOB IB seiunsnrinnsnnees BRO M8 suiisninsaussnansns BBO

Receipts 7.23 10,200 3,000 11,161 10,082 7.589

April April April April April April

April 17 sovviisnvinsinnses BDO IB suvinnnsnssnnsnnces BBO 19 soivninninnesnnnss BNO

21 ie 8.65

12,204 1, 190 1,500 10,425 | 11,650 6,256 |

April Apel April April 2

Bids for hogs were 15 cents lower at Indianapolis stockyards today while sellers sought to obtain 15 cents more than was paid yesterday, the Agricultural Marketing Service reported. The top price offered by buyers was $8.45 for good and choice 200 to 210-pounders. Sellers wanted as much as $8.65. No sales were made for more than an hour after the market opened. Vealers were 50 cents higher with The marketing service estimated 800 salable cattle were received, 500 calves, 9500 hogs and 1000 sheep.

HOGS

Barrows and Gilts

120- 140 pounds 140- 160 pounds

EEE

299 DDD =I S322:

DID

270- 300 pounds 300- 320 pounds 330- 360 pounds Medium — A60- 220 pounds Packing Sows Good and Choice 270- 300 pounds 300- 330 pounds 330- 360 pounds Good— 360- 400 pounds 400- 450 pounds 450- oN) pounds Mediu 250- 500 pounds Slaughter Pigs Medium and Good-— = 120 pounds

CATTLE Slaughter Cattle & Vealers (Receipts, 011)

WORD PVP®-II —— Jd WARIS DD PLOD IDURD SLoRD

23 22 ® BDO JBBDR® I

- peed

>»

Ser RNNNN

> dX

ND DO POD OOD

750- 00 pound 900-1000 -ounds .. 1100-1300 pounds .. 1300-1500 pounds Good — 750- 900 nounds ....ee.000 000-1100 pounds ..evuivvnins, 1100-1300 pounas . 1300- 3330 pounds , Mediu 750- 1100 pounds . Ho ay pounds

Coo 100 pounds Steers, ‘Helters

1 500- 750 pounds

OS a3 ODES I-33 Ar POO oT Oo Sey ooSUw

8 9

= oN Pau DDN

11.7%212.00 cesessenansss 10,[email protected] Helters Cholce— 750- 900 pounds .......e040.0 [email protected] Good ~ 750- 800 pounds ..e.isseeesss [email protected] Me dium — 00-9 900 pounds [email protected] om 7.50@ 8.50

500- 750 pounds

on— 500- 900 pounds

Shia rantnne

Cool ......... Medium Suster and common

” (Yearlings excluded) Beef—

Mediu um Ch AAAAARANS AI INNS Cutter and common .... Good and choice Common and choice

Feeder and Stocker Cattle Steers (Receipts, 505)

sesssannnees 10.25 sessnssscasss 10.26

9.50 , 0.30810.28 8.75@ 0.50 7.15@ 8.15

Cholce— 500- 800 pounds 20, 1050 pounds

- 800 pounds 800- 1050 Dounas Medium. 500- 1000 pounds Common — 500- 900 pounds

Calves

Goo. and eholce— Mey pounds down ........ee0.

11. 11. ARR 10

(steers)

[email protected]

edium— 500 pounds down .... [email protected] Calves (heifers) Good and cholice—

500 pounds down . [email protected]

edium-— 500 pounds down .. [email protected] SHEEP, LAMBS (Receipts, 48)

seers

Good and cholce

| Fredrick Coal Co.

Promoted

W. J. McWilliams

Two promotions in executive personnel were made at the annual meeting of the Indiana Bell Telephone Co. stockholders and directors yesterday. W. J. McWilliams, 5673 N. Penn=« sylvania St, was appointed general commercial manager, and R. L. Kessing, 4177 Carrollton Ave, was elected general auditor, Mr. McWilliams, who began telephone work in 1913 in Chicago, came to Indianapolis in 1918 as a supervisor in the accounting department, coming up through the ranks as auditor of disbursements (1921), chief accountant (1922) and general auditor (1926) until the present. Mr. Kessing began work 'n the telephone business more than 30 years ago as groundsman in his _home town of Greensburg, | Ind.

LOGSDON PRESIDENT OF COAL MERCHANTS

Lynn Logsdon has been named president of the Indianapolis Coal

Merchants Association, succeeding Edgar 8S. Joseph, who held the office for three successive terms, Mr. Logsdon is president of Logsdon Fuel & Supply Co, Mr, Joseph is president of Hoosier Coal & Oil Co. Other newly elected officers are C. A. McKamey, Acme-Monon Coal Co., first vice president; John Muesing, Muesing Merrick Coal Co., second vice president; J. E. Millican, Marshall Bros. Coal Co., secretary,

and Robert Aldag, FF. W. Aldag Co.,|

treasurer, Directors at large are Clif Meier, Clif Mefer Coal Co,, and Mr. Joseph, Other directors are Hiram B. Seward, Van-Wert Co.; Charles Wright, Wright Coal Co.; Longstreth, Longstreth Coal Co.; Paul Dindinger, Stuckmeyer Coal Co.; Robert Bidlack, Blue Diamond Coal Co.; Chris Iverson, Danish Fuel & Feed Co.; B. K. Wilder, CliftonWilder Fuel Co.; R. M. Mannon, McComas Coal Co.; Fred Benham, Erlich Coal Co., and J. B. Sexson, H. A. Rogers is the association's executive secretary.

CHICAGO LIVESTOCK

Hogs Receipts, 10.000; market generally steady on all weights and good and choice, 150-240 lbs, $8.60@8 80, op, $8.85; 240-270 lbs, $8.45@ 8.70; 270-330 Ibs, $8,258.50, 160-180 Ibs, [email protected],; good 400-500-1b, sows, 87.6548. Sheep Receipts, 12,000, late Wednesday Ped lambs closed active, steady to 10¢ higher; top wooled Westerns to shippers and city butchers, $10.75; averaging 94 1bs.; packer top, $10.60, bulk 91-104-1b offerings, $10.35@ 10.50; weightier kinds, $10.25 and below; clippers, $8.25; yearlings, $7. Western ewes, 87; most natives down from $6.75, odd head spring lambs, $0@ 11.60, Todays trade arly lamb (rade slow, partially because of higher prices; fed bids and sales medium to good grade wooled Western lambs steady at $10.25; best offerings bid, $10.50 and held around $10.75; few ewes steady at $5.50@17, Cattle—Receipts, 4500; calves -- 800; enerally steer market strong to 25 cents igher; trade more or less a forced affair; however, very little improvement being shown in dressed beef; largely, $0.25@ 11.50 steer trade; all grades and weights sharply higher than Tuesday's low time; , $13 paid for 1109-1b. averages; several loads, $126 12.50 and numerous loads, 810.254 11; heifers shared steer advance, best, $11.50; cows firm to shade higher; supply very small; bulls and vealers strong; weighty sausage bulls to $8.35 again and increased supply choice weighty

slow; OWS,

Medium and good sebas ans aia Common "es Ewes (wooled) Good and choice ....... Common and medium ..

LOCAL PRODUCE

Heavy breed colored hens, 17¢: colored hens, 13c; Le 2 Leghorn hens, 0c; springers, over, 20c; White and Barred Rocks, colored breeds, 19¢; cocks, Tc Eggs—18'ac. Butter—No. 1, 35'2@36c; No. 2, 34% 3415¢c Butterfat. No. 1, 32¢; No. 2, 30c.

21c;

1 {Farm pickup prices quoted by the Wadey

western Indiana. Early plums and cherries are

possible.

plants in the beds look good. The deep soil is still dry, the

most sections,

Rains and Warm Weather Give Wheat Good Send-off

Frequent showers and very warm weather for this time of year are helping wheat to make excellent growth, according to the Indianapolis Weather Bureau. In some of the extreme southwest sections of Indiana wheat piants are 10 inches high but they average four to six inches high generally. Some rye is heading in south-

counties, the Bureau reported. Considerable pink and pre-pink spraying has been done in southern counties but the season advanced so rapidly in the north that some dormant spraying was not

Some sweet corn has been planted but the rains delayed plowing for corn generally. Field work is making fair progress in all sections of the state. Cannery peas are about two inches above ground and onion planting is progressing in the north. Alfalfa and other hay crops made fine top growths because of the rains. Tobacco

rains which were enough for starting vegetation and were mostly absorbed by the soil. Little or no damage resulted from frosts in

beginning to bloom in northwest

Weather Bureau said, despite the

HIGH PRICES fof GLASSES wa

WE MANUFACTURE ALI GLASSES WE SELL, SAVES YOU SEVERAL PRORITS

0, good nd | lightweights to $7.50,

vealers, $1150; practical top, $11, however, stock cattle slow.

OTHER LIVESTOCK

OINCINNATI, April 24 (U. P.) - Hogs Receipts, 3025; buyers generally biddin 10c or more lower; top, $8.70 for good an choice 180-220 Ibs. ; packing sows steady; most grade, [email protected]; smooth

200; calves, 250 fully | steady to stronger: bulls firm; scattered ots medium and good bulls and heifers, $2 5001050 with medium 1140-1b. steers at inside; cutter cows again in broad demahd, most sales, $625@7; dairy breed cutters, $5@6; sausage bulls selling readily, bulk [email protected]; vealers firm, good an [email protected]; common to medium,

eep—Receipts, 100; scarcely enough ring lambs to make market, few head ut steady with good to choice 51-55-1b A anes $i3@14; few choice 67-69-1b. to $13; medium kinds, [email protected]; bulk good to choice 80-1b. old crop clipped offerings $0.25; few medium throwou

DAILY PRICE INDEX

NEW YORK, April 24 (U, P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ........vvvvvvvevev 138.09 Week ABO .......ovvvinnvess 120.83 Month 880 .......co0000s000s0 12848 Year ago seavense ss 131.24 19041 high (April 17) ...000004 120.83 1941 low (Feb, 17)... 123.03

Cattle—Receipts,

elses

George |

| | | |

PAGE 21°

by Indiana Bell

R. L. Kessing

After 10 years of plant work, he became a traveling auditor, then supervisor of methods. In 1926 he was transferred to American Telephone & Telegraph Co, In New York as traveling auditor and later accountant. He returned here in 1937 as auditor of receipts. Directors re-elected yesterday are James F. Carroll, Robert F. Davidson, Frank A. Montrose, , Nicholas H. Noyes, Thomas D. Sheerin, W. Richardson Sinclair, Elmer W. Stout, Alexander L. Taggart, all of Indianapolis, and will G. Irwin, Columbus, Ind. Officers re-elected at the direc« tors meeting are Mr, Carroll, presi= dent; Mr. Montrose, vice presi dent and general manager; H. 8S, Hanna, vice president; J, R. Rud=dick, secretary-treasurer, and Mr. Kessing, elected general auditor.

| Sees Break for

Workers Over 40

SPRINGFIELD, Mass, April 2¢ (U, P.).=The growing need fo: skilled labor under the national defense program “has brought new hope for men over 40,” George A. Mohlman, vice president of Package Machinery Co., sald today. Asserting that these workers are forming the backbone of the defense program, Mr. Mohlman said tha “the older man is being rediscov ered. Men of 60, 70 and even 8) years are being called from retirement back to work. It has taken years and a national emergency to bring about a change from the emphasis on youth, but this time the older man in industry is here to stay.”

G. M. WORKERS NOW EARN $41.24 A WEEK

Times Special

NEW YORK, April 24.-—Geners' Motors hourly workers in all branches of the industry average: $41.24 a week for the first quarte of 1941, an increase of $6.25 a wee more than the same period las year, according to Alfred P. Sloa.: Jr., chairman of the corporation,

Mr. Sloan, in making the announcement, pointed out that th: greatly expanded operations within General Motors is reflected also i the increased number of worker: hours per worker, average hourl earnings and amounts disburse! through payrolls. The average weekly number r’ hours of employment in the Unite! States plants of General Motor: was 41.9 for the 1041 first quarte: as against 37.4 for the same perio. in 1940, The increase in average hour] earnings of General Motors, ac cording to Mr. Sloan; reflects over - time premiums together with in creased rates in certain wage classi fications. He said that the average of 299 - 549 hourly and salaried employee during the quarter as compare with 247678 for the first quarte of 1040. Payrolls amounted t° $157,786,261, an increase of 37.7 pe cent over last year’s $114,578,562,

U. S. STATEMENT

WASHINGTON, April 24 (U. P.). Gov - ernment expenses and receipts for th current fiscal year through April 22, com - pared with a year ago This Year Expenses .$9.757,758.038 41 $ Receipts ,. 5,653.378,872.3 Gross Def 3 104, 318. 166 03 Net Def .. 4,058,011,066.09 Cash B:l.. 2.585,032,077.03 Work. Bal. 1,830,863,878.30 Pub. Debt 47.181,088,223.89 Gold Res .22,467,767,309.47 Customs 208.606,215.38

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