Indianapolis Times, Indianapolis, Marion County, 3 May 1941 — Page 9

a RDAY, MAY

——

BUSINESS

Indiana’s Commercial Grain Storage Capacity Is 3114 Million Bushels Now|2

By ROGER BUDROW

THE NATION'S REARMAMENT EFFORT NECESSI [4 TATES all kinds of suveys of what we have and what we|a Manufacturers have had to fill out many a ques-

need. tionnaire.

But now the farmer is on the drive. Department wants more corn, more truck crops, more liveSo they had to make a survey to find out, among | Amex other things, how much grain this country is able to store. am

stock.

The Defense Commission asked the Purdue agricultural statistician, M. M. Justin, to do the job for Indiana. His report reveals that | Indiana ¢ a n| store about 3112 million bushels | of grain. a capacity is

The Agriculture A

| in Smelt

Sug = T&T An Wat Z

3 GENTS | LOWER :

Armour m . Armstrong ec. old Con

Fig Bison A

638 elevators, Most Quotations Same as

145 159

Ro B ger Budrow ,, tilleries.

This figure does not include the Avril

immense storage capacity of farm- |’ g p y I May 2

May

ers’ corn cribs and grain bins nor that of the hundreds of steel bins the Commodity Credit Corp. has scattered over the state.

Only the commercial storage capacity is included. This was done because the Defense Commission wanted to know about the distribution of necessary commodities and also whether it should help finance new storage capacity. New buildings under construction will

store 347,000 more bushels, |prices paid more | packing taken | changed, selling at the same levels, wee prepared for the coal of a week ago. Today's top price was $8.55 for good and choice 200 to 210-pounders. The marketing service estimated 50

cattle were received, 50 calves and 2 the state's 2500 hogs.

n » » INDIANA'S UTILITIES, together, shutdown, according to a made by the Federal Power mission. On April 1, month shutdown began, utilities had a 75-day supply of coal! on hand. That was eight days’ more | reserve than they had on March 1.

survey | Com- | the day the

Translated into tons of coal, the i

Indiana utility industry had 716,616 tons in reserve on March. had in-| creased it to 803,153 tons by April 1. During the month of March they used 331,102 tons. Incidentally, the survey reveals that 75 per cent of Indiana’s electric power is produced by burning

coal whereas the national average |Good—

is 47 per cent. Ohio's utilities use| coal almost exclusively to produce | electricity (98 per cent) Vermont uses practically none, get- | ting its power from water.

5 ” n

ODDS AND ENDS: |

lumbia won’t levy income taxes this Chotee-

vear, first Canadian province to withdraw in favor of Dominion Gov-| ernment—at its request. crop experts at Chicago figure winter wheat yield of 643 million bu- | i shels this year, 27 million more than | Government figured. With Ford

Motor Co. working six days a week

now, auto production this week rose Choice. . N. Y.|Go

to 103,61u cars and trucks. Cotton Exchange reports shortages are developing coverts. in March was highest since Sep-| 7 tember, 1929, the National Industrial Conference Board reports. Total was 49,373,000. Unemployment fell to 6,142,000, lowest March 1930.

CHICAGO LIVESTOCK |

Hogs—Receipts, 300; nominally steady: | not enough here to make a market; quotable top, 8.80. For the Week—The out- | standing feature was the 30. Jo 15 rand: | upturn on hogs scaling Ss. upwar 210-330-1b. butchers closed at $8.40%8.60. | against 180-270-1b kinds at [email protected]: week's extreme top. $8.80: packing sow run small, comprising 400-500-1b. averages closed at $7.75@8 Cattle—Receipts, 200: calves none. For the Week—Good to choice fed steers and vearlings 50 cents lower; medium _ grade light steers weak to 25 cents off, but medium grades scaling over 1050 Ibs. showed full downturn; choice to prime, 1307-1b.. steers topped at $14.25; next highrice was 4 on prime spezialties; best yearlings. i bulk all weights at $9@ 11.50; St heifers gained 25 cents; only heavy heifers showing weakness; best light and heavy heifers, $11.50; cows featured by gaining to 50 cents, cutters up most; bulls AL strong, and 110-140-1b. vealers, reaching $11.50 and 25 to 50 cents higher; choice heavv vealers steady at $12. Sheep- Receipts, 1500. For the Week— Fed lambs closed weak to 15 cents lower to packers, firm on outside Rccount; top, $11.65: bulk. [email protected] with a few loads up from $11.40 to $11.60; most 88-100-1b. clinped Westerns, $9.50; small lots recently shorn. $8 and below; load 102-1b shearing lambs $10.85: few native ewes | down from 757.25, mostly $5.25@7.

OTHER LIVESTOCK

$13.2

PY. =

FT. WAYNE, May 3 (U $8.40; 180

Steady te 5c lower: 200-220 lbs. 200 lbs ; 160-180 lbs. $8.20: , $8.10. 260-280 9%: | : ; 300-350 Ibs. LR: 150-160 1bs.. $7.85; 30-140 Ibs., $7.35;

$8 50@ 9;

CINCINNATI, May 3 (U. P.).—Hogs—925; Scarcely enough on sale to make fair test of values. Few sales mostiv 10c lower. BExtreme top steady. Most sales 180-220 lbs, $8.50: outstanding 216 1b., $8.60; 220- 265 | Ibs. [email protected]; 260-350 Ibs., [email protected]; | 160-180 Ibs., $8.40. Cattle—100. Calves— 75. Sheep—25.

LAFAYETTE, May 3 (U. P.).—Hog—Market, steady; 160-200 Ibs. $8@ 8.40: 200-250 Tbs. $8.20@ 8.50; 250-325 Ibs., $8% 8.10; igs, $7.75 down roughs, $7.75 down. Calves, $10.50@ 11; lambs, $10@ 10.50.

FOREIGN EXCHANGE

NEW YORK, May 3 (U. P.).—Following are noon closing cable rates on major currencies Cable Rates Net Chg. England (pound) 4.0312 Canada (dollar) *France (franc) Italy (lira)

Cuba (peso) ok Finlan Switzerland Taka) Sweden (krona) Japan (yen) Mexico (peso) .2070 “Trans erable only under U. S. Treasury license,

Pay, Not Play

WASHINGTON, May 3 (U. P.) .—Defense production chiefs William S. Knudsen and Sidney Hillman recommehded today that defense industries pay bonuses to workers who voluntarily forego vacations this year. “Employees in plants manufacturing munitions or essential war materials should be

spring lambs, $11.50

April 26 ..... April 28 ....uue

Mediu

whereas | Med

Medium and

British Co- Slaughter Cattle & Vealers ( Steers

[1100-1300 pounds 1300-1500 pounds

Private | Good—

Common-

Employment in U. S.| G

1539-1b. Ne- Gi

Common

|2%s

Week Ago Today: Top

Is $8.55.

HOG PRICE RANGE

Top Receipts

. 8.35 teraraseaaneeraees 8.55 . 8.55 . 8.50

April 29

Hogs weighing more than

pounds sold 5 cents lower today at! | Bkivn & 2 the Indianapolis aa they did yesterday, the Agricultural | Burlingion M..1

stockyards

receipts, are at

the yesterday or last sows also

Lighter hogs sold at

than remained

HOGS

Barrows and Gilts

pounds 330- 360 pounds

tt ok £3 Corn Cd vt Py pe DOMINO NOUNL

05259335055558%0 1-1

160- 200 pounds . Packing Sows

| Good and Choice— 270- 300

pounds 300- 330 pounds 30- 360 pounds

360- 400 - 450

0 pounds aid hd

pounds

250- "500 pounds

Slaughter Pigs Good — 90- 120 pounds

CATTLE

750- 900 pounds 900-1100 pounds

750- 900 pounds ..., oy: 1100 p 100-1300 pounds Fa 1300 pounds 750- 1100 pounds 1100-1300 pounds

D ADD mn 33% R33

33 3

750-1100 pounds Steers, Heifers

500. %50 pounds S00 "750 pounds

in gabardines and OC g 750- 900 pounds ............. [email protected]

[email protected] .. [email protected]|E!

750- 900 pounds

Medium — 500- 900 pounds Common -- 500- 900 pounds

tranny

since {Good

Good and choice Solmon and choice.

Feeder and Stocker Cattle Stee (Receipts, 30) Steers Chotce500- 800 pounds

10.25 300. 050 pounds

. 10.25

bo0- 3% pounds .... pounds Medium 500- 1000 pounds

"essa

Teves tasenann

500- 900 pounds Calves (steers) Goo. and ehoice— 300 pounds down ... ...... um-— 500 pounds down .... Calves (heifers)

Good and choice—

500 pounds down Medium — 500 pounds dow

SHEEP, LAMBS (Receipts, O°

Good and choice | Medium and ood Hogs | Common

Ewes (wooled)

o | Good and choice 2 2 220-240 {Common and medium ..... ..

130-130 | U. S. Government Bonds

Treasury Bonds

1965-60

and Virgil Shouse, Liberty.

Eger, Delaware,

00 PRA 2990

. 11.9%[email protected] . [email protected]

7.95@ 8.75 | Bec St Bat

| Eng Pu oD 830 Excell 0 s@ 7.75 | Ba 7.50 0a

[email protected] [email protected]

G 8.75@ 9.50 7.75@ 8.75

[email protected] [email protected]

Atlas Par pt. Austin Nich Aviation Corp. .

Jalt & Ohi>....

2,060 13,050 8,423 9,490 9,281 11,032 2,500

160

3oeing Air .... 3ohn Ai & 26 orden

3 1 Ud U3 xd td Lg a —

Sower RB... riggs Mig | Tr.. than | Budd Mire of

tier Bros

‘Marketing Service reported. Today's! Butte Cop & prices on these weights, the great Bvers pf ‘majority of same levels as those prevailing last’ Sop, hacking Saturday.

the |

han Zinc. . Calumet & H .. {Canada Dry

Same can pacific .... 5 centsCarc & O ... Saturday while

..9 {Case J I pf .... | Celanese pr Bhs un- | Celanese ra eh alerpillar T .. 403 Celotex . ........ s | Cent Rib pf wa.a 8% Cerro de Pasco . 2812 Cer’'n-td 6 pr pf 241, Champ Pap pf.. Checker Cab ... 1

Chi Mail Order. 5'2 Chi Pneu T ... 11% Chrysler ....... 57a City I & FP . 834 Climax Moly Co 32% Coca-Cola . : Bs

. 1915 1% 274

Cong-Nairn 1434 Cons Cig pr pf 6214 Cons Coppernms 573 {Cons Edison .. 13% 95 Cons Ed pf ...103 90 | Sons Flim »T . 8

{Con | ons Seay .70 | Consum Pw E1095 Cont Bak Ad 11 {Cont Can 33% 3534

on \ Receipts, 50) | Copweld Su of 3 [Corn Pr rod 45

Irter (Crane Co .. | Crane Co cv [Crown Cork Gon Zeller -Am Su | Curtis Pub . Curtiss-Wr . Curtiss-Wr A Cutler-Ham

Davison Chem. . Deere \

Dixie-Vortex . . Douglas Aire .. Dresser Mfg ... Du Pont

Elec Boat . Por & Lt EP & L 86 pf. 2°

a ;

Johns er. bh S..

6.25 Fed L&T Fid Phen . Firestone T ... 15% Firestone pL A 198% First St: 36 8.50| Flintkote PEE 08 | Food Mach .... 25 8.25 | Foster Whi .... B00 reept-Sul ‘

11.25 Ge 11. ty ee Sal 11.26 "apes Ci : Pa «+ 1878 1% 1014 I

Goodrich Goodyear Granby 4 Gt orth Ph: “ Gre Oo Grey ng to Grumman Air E Gulf oie on Gu & Oh

Hazel At G1 ... 8 Hecker Prod .. Herc Pdr . Herc Pdr

Hud Hud Bay Ms: 16% } udson Motor. .

fil Lentrar m ont PL.. I tL L

3 | Inspiration Cop. 33 | Insshs cts Md Selyester. « M Marine. 110.21 'Int Mining

+ :

CHIH

Ys Month Ago .........covununnn

1+ | Marine Mid ... «Mkt S R pr pf 9% 9%

Myron Shepherd, Bicknell;

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

3 vasaiasrbineses 115.32 Yesterday .......cueesenanss 115.72 Week ARO ......eesssssess.. 116.43 124.32 Year Age 7.55 High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84, 20 RAILROADS 28.68 28.51 28.42 29.5% 30.39 High, 1911, 29.75; Low, 26.54. High, 1940, 32.6%; Low, 22.14.

15 UTILITIES

Casts N sR

40.20 +0.42 —0.15 -—0.32 0.10

Taste aastaner an

freer rateren ee

Arras eRRRRRTE Le Sessa sueneRnean es

Serre Ret aera

25.00 High, 1941, 20.65; Low, 17.80, High, 1940, 26.35; Low, 18.03. ” » n

16 MOST ACTIVE STOCKS

Sales Net (In 100s) High Low Close Change 11% 1M 113% 4+ WU

Superior Oil 63 2 1% 2 Atchison 61 281s 293, 28% Obio Oil .... 47 83% Bx 83% 8 93% 9% 93% Comw & Sthn 42 3% 3% % Std Oil N J. 39 36% 35% 36% N Y Central.. 121, 11% 12% Radio Corp... 32 37% 3% 3% Std Oil Ind.. 203% 28% 294 Secony Vac.. 9% 9% 9% Cons Oil ..... 6 53% © Gen Motor .. 37% 3% 3s U S Steel .... 521% 513% 52% Std Oil Cal.. 2% 2% 2% .e Heuston Vil.. 4% 14 1% + %!

F+ ++

+l++++++

shares against 160,000 last Saturday.

ago.

+ |[McKess & R pt 30

247% — 3% 13% + 63 a IN 4 - 1s 2% 3 10072 Ye an nou y 1% ous CSou pf pt 81 18'2 Ceith- ALG ‘ve . 5 115 3 2% 4 25 223% 11-16 81%

10%

Lone Star ‘Cem 7 37 Loose-W Bis .. 147 14% wn 1% 1U% 1% 1's

414 41

Mad G Mara Ex Martin (Glenn) 26% Martin P ..... 8 Masonite © 20%

McIntyre P ... 33% McKess & R 3%

20%, 3334 3% 297% Mead Corp .... 7% a a

Curb Stocks

-— i 4+ 3% + WM

Petrol .... Kirby Por Lass etrol .. Lehigh C & N. La L & Ex ..

Pant Oil V .. Pennroad ... Pitts Plate

a 2% 5 1s 2% 2% ....

Chicago Stocks

High Low Close Adams Oil and Gas .. 33% 33% 33% Allted Lab 11 11 11 rmour & Atha, Tr Wh Aviat Corp Bastian-Bless ... Belmont Radio Borg-War Butler B LW ov Cent Ill PS of Comwlith Edison .. Consol Oil Cont Steel pf ....... L108 Elin Nat Wat .. Gen Motors .. Gossard Co

n Shoe ah Idaho S. Venezuelan P..

Miql Ut 6 pr 1 Ut 7 pr lien ... AT os

UE Meh TT “ 30 wift & vekaian 20 19% Texas Corp sesbiinanie 37% Walgreen Co ......... 19 19

Wms Oil-O-Mat 1% 1%

I RRERRERR BERR o

Curb stock sales were 41,000 rh

Net S Close Change s

“l Tex Tex

Van

Bt G

t Lea N Na Pwr & Lt... t Steel

Owens

Pace Am Fish .. Pact Coast 1 pt. i 10 Pac Coast 2 . Pac G & \ Pacific Lt,

Dept St... Nat Distillers “ ypsum ..

Net Close Change

3% 7 28% 6a 16 11 78%

Bn ot oy men CN ON he ba ries

03 Crate CBD pr SEIS R eR ER.

Ohio Oil Omnibus p

np" Glass 39% Pn 73% 75%

39%

Va 4% ‘i 2554 25% . 323%

Patino Mines oh { Penn Penna & Bast. . | Pere Mat pf ... Stock sales approximated 200,000 Pere Mat pr pr pt. Phelps | Phila Co 6 pf .. Phill Pe . shares compared with 69,000 a week | pits 8c & B | Pitts C & pf | Pitts Stl pr pf. | Pitts Stl Net | Bis Stl 5 Close Change | Pitts & ‘es Pivmouth on .“

Postal Tel pf .. Press Stl Car... 10 ag eG ...

bh Serv Pub Serv 6 Pub Serv 5 ot =

Puliman

Pure Oil ...

Pure O Pure O

| Radio

5 pf... 89 6 pf....

Radio K Or ... Rayonier

Reo Mot vte ..

Republic Stl

Reyn Met ov pf BITE

Revn Tob B

20%

Richfield on . 8%

Scott

quare

Std Bra S

Sperry Corp... picer Mfg .... Spiegel Ine .. .. spiegel ine of. .

baa Safeway 5 L. % 267 ® + '&|St Jos Lead ’ 8 - Savage Arms .. Schenley Dist. : Schenicy pist bi

oBa >

= Dd ON BAN AN

ot DT et Cu Wo dea Pp . Harem An

Oo A Nee 03 bt pt BF bt og SANA AAR ASW

LE I

Bon

nds ...

—-

NEI TY FN DD rt BI CN 4 3

anna CIs RICA

Sun Oil .“ Sunshine Min. Superior Oil ...

Suth Pa

& Co

oN rift A | Swift Intl

Telautograph

3 18 Texas Corp

Tex Sut Prod.

FcRo

Thatcher pt Thermoid

Tri C

Transamerica

20th Cent Fox. Twin Coach ...

Union Carb n Oil Ca

n ores vVLTopf

Waldorf Sys ... Walk HG&W...

2 | Wayne Pump. Wes, Oil

2. Pi. West Auto Sup. 2 West Pa f West Air ke. Westing El Wheel Steel Wilcox O&G. Willys. Overlnd . ¥iiivsovind pr Wilson & Co..

NL Worthington .. 19% 1% Wrigley 65

Yellow Tr "en Young Soest Young Stl Dr

Zenith Rad

s | Un Aircraft Un Air Lines United Corp United Cp pf.. Un El Coal

United Fruit ces Un Gas

ATA a

» —

i NN

BE | ..150%2

dium 23% Van Raalte pt.

& 8 3 115 Cc 183 88

BOO BOs BI bs BD

12% . 32 14% 14% . 123%

123% 123%

Dealers From Eight States Attend Meeting Here

cH IF I++ +

rE HIC )

+41 HH HH [+00 +] +++

HIE ++ #14

CEE]

*| assist the latter in completing

LIST BOLSTERED

BY RAIL SHARES

Cotton Features Commodity Trade With $1.25 Gain; Bonds Advance. NEW YORK, May 3 (U. P.)—

+| Railroad shares developed strength

near the close of the stock market session today and lifted prices generally after an irregular decline. Trading was light. Bonds made an irregular advance and commodities strengthened. Cotton was the feature, rising to new

+ highs on‘gains of more than $1.25

a bale. Grains improved, with wheat around the best for the sea-

3 4 | son.

Wall Street anticipated a sharp rise in steel operations and in car loadings next week because of re-

f/opening of the bituminous coal

mines. Leading steel districts have moved up schedules as coke ovens and blast furnaces resumed operations. Steel shares were fractionally lower most of the session but improved slightly near the close as demand developed for rails and oils.

Firm 'Borrows’ Vice President

NEW YORK, May 3 (U. P).— Ralph S. Damon, vice president in charge of operations of American Airlines, Inc., has been “drafted” as

. president of Republic Aviation Corp,

it was announced today. Mr. Damon succeeds W. Wallace

3 Kellett, who becomes chairman of

the board. Mr. Damon, who entered aviation as a U. S. Army Corps pilot

*|in the World War, has been “loaned”

by American Airlines to Republic to “its

substantial share of the national

: | defense program,” the announcement

said. Republic now has a backlog of unfilled military orders aggregating $60,000,000 and employs 2600 workers. It was disclosed that the firm was

*| preparing for an increase of 300 per

cent in both the rate of production

.16/and personnel.

Eight states were represented at the Sixth Annual Dealers convention of the Hall-Neal Furnace Co., 1324 N. Capitol Ave. Members who attended were front row (left to right) Russell Worthman, Indianapolis; Robert G. Williams, Shelbyville; Ernest Kalberer, Lafayette; Henry Kalberer, Lafayette; Frank Reuter, Kankakee, Ill.; C. L. McFarland, St. Clairsville, 0.; W. B. Uber, Slippery Rock, Pa.; Leo A. Welsh, Canton, O.; Charles Wagner, Franklin; L. R. Barga, Tiffin, O.; Fred S. Boone, Indianapolis; Florence Hugo, West Point, Neb.; G. A. Mytinger, Cambridge, Penn.; Wayne Boswell, Greencastle; Fred Mettler, Two Rivers, Wis.; Judson Travis, Fairland; Claude Mettler, Two Rivers, Wis.; Chester Patterson, Delaware, 0.; Raymond Hughes, Anderson; ton Smith, Indianapolis; John Knox, Cincinnati;

Clyde Shand, Goodland; Elmer Steele, Knoxville, Tenn.; PresJ. D. Bearden, a Charles Lasater, Knoxville, Tenn.,

Back row (left to right) Harry C. Reifel, Indianapolis; W. C. Koenneman, Lafayette; Otto P. Streit, Indianapolis; C. Don Beston, Chicago; Lynn W. Clark, Indianapolis; George Hugo, West Point, Necb.; E. C. Duvall, Roseville, O.; Frank Herman, Omaha, Neb.; H. F. 0.; A. H. Crane, Atlanta, Ga; Harvey Miller, Columbus; C. B. Moore, Arcadia, O.; G. E. Easterday, Delaware, 0.; M. E.

4, | Agents Finance Co.

pf A Lincoln Nat Life tne com.

10,000 PHONES HERE T0 CHANGE TO DIAL

Approximately 10,000 telephones in Indianapolis will switch to dial service tonight when two new dial offices, Garfield and Blackstone, and an addition to the Market office, are placed in service by Indiana Bell Telephone Co. The man-ually-operated Drexel office will

,| cease operation.

The Garfield office, at 2941 Shelby St., will serve a large part of the

. south area of the city. Blackstons, {is a new dial unit in the company’s

Irvington office which will provide facilities for future growth of telephone service in that area. Some telephones now connected with other exchanges will be trans ferred to the Market exchange in the Indiana Bell administration building at Meridian and New York Sts. After tonight's switchover, about 85 per cent of all Indianapolis telephones will be dial operated. Only two manual offices, Belmont' and Cherry, remain in service. Total cost of improvements going into service tonight was $1,250,000, the company said.

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not represent actual price of offerings. but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Ask Agents Finance Co. Ine, com Ine.. pfd 2

Hook Drug Inc com 15 Home T & T I, Wayne 7% pfd 50 Ind Asso Tel Co $5 1 Ind & Mich Elec 7% Ind Gen Sey o.

com. 5% N Ind Pub Serv 5'% % pid . aes Ind Pub Serv 67% pt saree N Ind Pub Serv 7% pid Progress Laundry com ‘has Pub Serv Co of Ind 67 pfd.... Pub Serv Co of Ind 77% pfd.. So Ind G&L 4.8% pfd Terre Haute >, na Union Title Co ¢ Van Camp MUK i Tl ‘e Van Camp Milk com ........ 11

Bond

American Loan 8 51 ......... 99 American Loan 5s 46 ........100 Consol Fin s 50 sense 98 Citizens Ind ely AYss 61 .....103 Home T&' Wayne 5%s .. Crabb-Reynolds-Taylor 5s 42.. Home TAT Ft Way ne 6s 43..102 nd Assos Tel Co 3% Indpls P & L 3Vs Indpls Railway Inc 5s 6 Indpls Water Co 3'%s 66 ......105% Kokomo Water Works 5s 53...104% Ruhner Packing Co 4%s 49...100 Morris 5 & 10 Stores 5s 50 ....100 Muncie Water Works 5s 65....104%

s | Nat Silk Hosiery 5s 42 ....... 97 N Ind Pub -10

Serv 3%s " N Ind Tel 4's 55 Pub Serv of I . 4s 60 Pub Tel Co 4 Richmond Water Wks 5s oi. Trac Term Corp 5s 57

Incorporations

DeLuxe Motor Sales, Inc., 55 W, State St.. Huntington agent, William D. Hamer, 1355 Guilford St., Huntington; 1000 shares no par value; sale, service and storage of automobiles; Dallas E. Feighner, Clarence Robrock, Fred Goss. Hatfield Motors, Inc., 623 N. Capitol Ave, Indianapolis: a gent, Clifford J. Hart, same address; ares no par value; automobile sales agency: Clifford J. Hart, Franz W. Fackler, James L. Richardson.

Karl Johnson Corporation, 412 Arm§irong. Langdon Bldg., Kokomo: agent, William Naftzger, same address; 2900 shares preferred of $100 par value and 100 shares common without par value; manufacturing toois, machinery, ete.; Kari Johnson, Rosemary Johnson, William L. Natzger. Pike Stone Products Co., Inc. Petersburg; agent, Ed J. Thompson, Petersburg; 1000 shares of $20 par value; general mining, quarrying and sale of stone; Fred Malott, Ed J. Thompson, Lawrence Julian.

Mark’ s Credit Clothing, Inc., Illinois corporation, admitted to Indiana, to engage in clothing and jewelry business.

General Arts Distributing Corporation, South Bend, change of agent to Ames Marsh, 214 W. Wayne St., South Bend. Anchors Building Co., Gary, dissolution. The Swedish Evangelical Lutheran Gloria Dei Church, of South Bend, Ind amendment changing name to Gloria Dei Evangelical Lutheran Church, South Bend, Indiana, and change number of directors to seven. Sullivan Machinery Co., Massachusetts corporation, amendment of articles of incorporation. Philip Adler Jr., Indianapolis, registration of trade mark, ‘Snag Protected”’— Class 41: knitted, netted and textile fabrics. Cultured, Mushroom Industries, Inc. Seattle ., registration of trade mark TY “Cultured Mushroom Salt”— Class 45: foods and ingredients of foods.

David Butler, Inc., Chicago, Ill, registration of label,

v2| dential housing, the production of “which may be difficult to expand in %|the face of the huge requirements ?lof the defense program.

| the extent that income is used by

? bonds, rather than being currently

Wilfred Sykes, former assistant to the president of Inland Steel Co, is the new president of the company, succeeding Philip D. Block how held the position 22 years.

RETAIL TRADE BEST SINGE '29

Dun & Bradstreet Reports 15 to 20 Per Cent Gain Over Last Year.

NEW YORK, May 3 (U. P).— Retail trade this week was maintained at the best levels for this time of the year since 1929 by a “record-breaking pace” in consumer spending, Dun & Bradstreet, Inc., reported today. The week's dollar volume of retail sales was estimated 15 to 20 per cent ahead of the corresponding 1940 period compared with a year-to-year gain of 14 to 17 per cent in the previous week. “A persistent demand for seasonal merchandise, along with exceptional interest in home furnishings and durable items, ran up another record week for retailers,” the trade authority declared.

“Store reports frequently described activity as ‘good and getting better’, Dun & Bradstreet said. Biggest gains were being registered in lower and medium-price ranges but the expansion was said to be general throughout all price lines and all types of merchandise.”

MOVE TO RUSH

ARMS OUTPUT

Defense Officials Favor Blanket Deferment of Skilled Workers.

WASHINGTON, May 3 (U. P.) .—= Defense officials indicated today they might seek changes in the Selective Service Act necessary to obtain sufficient skilled workers for President Roosevelt's requested around-the-clock arms production schedule, One change contemplated would permit the President to order blane ket deferments of men working im. vital defense industries. The draft law now forbids blane ket deferments by occupational groups, and defense officials are concerned because some draft boards have been taking men who would be more useful on the proe duction line. As the first move to carry out the President’s call for 24 hours a day, seven days a week production of planes, tanks and guns, OPM Director William S. Knudsen fore mulated an appeal—to be made public today—to makers of machine tools for an “immedizic” threee shift, seven-day week basis of ope eration. Mr. Knudsen and Associate OPM Director Sidney Hillman confer soon with Secretary of War Ienry L. Stimson and Brig. Gen. Lewis B, Hershey of the Selective Service * system in an “llth-hour” attempt to enlist the co-operation of draft boards in deferring needed craftse® men. Spokesmen for Mr. Knudsen and Mr. Hillman said a key man on the assembly line is worth mang” men in uniform

WHEAT FUTURES UP 3 GENTS AT CHICAGO

CHICAGO, May 3 (U. P)— Wheat futures on the Board of Trade climbed to new high ground for the season today and the best level in over a year. Soy beans also entered new seasonal tops. Other . gains shared in the upward trend. Wheat finished near the highs for * the day and showed net gains of 2% to 32 cents; May 94':c @94c. Corn was up % to 1 cent; May 69c; oats up % to 1 cent; May 373 cents; rye up % to 23% cents; May 48c, and soy beans up 3% to 4!2 cents; May $1.25%. Wheat—

RANGE Prev,

Shopping centers located near mining districts experienced a drawback on sales because of a pro- | tracted shut-down of soft coal] mines, but this was said to have been “offset on the whole by good | gains elsewhere.” On a regional basis, retail trade showed the following percentage gains over a year ago; New England, 15 to 20; East 9 to 17; Middle West 12 to 21; South 16 to 22; Southwest 10 to 18; Northwest 8 to 15, and Pacific Coast 11 to 17.

FEDERAL RESERVE INDORSES BONDS

NEW YORK, May 3 (U. P.).—The U. S. Treasury's defense financing program was indorsed by the Federal Reserve Bank of New York today as economically sound, it involves tapping individual and corporate savings rather than a further inflationary expansion of bank credit. “First, it will tend to limit further

increases in the already redundant money supply of the country,” the bank said. “Second, the utilization of current income and existing idle funds in the direct financing of the Government's defense program will tend to limit the volume of funds which individuals can spend on durable consumers’ goods, such as automobiles, refrigerators and resi-

“Furthermore,” the bank said, “to

individuals to purchase savings spent, a backlog of savings will be built up which can be used to cushion the effect of a recession in business activity at some time in the future. Accumulated savings in this form. available fo' spending when businsss activity declines, would have important benefits, both from the viewpoint of the individual and of the economy as a whole.”

SALES EXECUTIVES TO HEAR COLCORD

David Colcord, editor of “Yourself” magazine, will discuss “Creative Selling” at the Indianapolis Sales Executives Council dinner

p. m. Monday.

2 FURNACES RESTORED

PITTSBURGH, May 3 (U. P.).— Since settlement of the soft coal

stored operations at two blast furnaces which were banked for almost a month because of a coke shortage.

LOCAL PRODUCE

Heavy breed colored hens, i7c; No. 2 col3¢; Leghorn hens, 13c: No. 2 9c; springers, 3 lbs. and 18¢c Ss Fringes 15¢; White and Serres Rocks, 18¢c; colored breeds, 19¢; cocks, 7c.

18c Borer eNo. 1 Je@3g se: No. 2. 34i:@ 35c¢. Borterrat— No 1, 32¢; No. 2, 30c. LSuntEY Pickup prices quoted by the

FOCD PRICES

AGO, May 3 ase to. Michigan gohatngns, bushel, Poa toatoes, xican lugs. $4.50@5. , Minos. er . crates, crates, sratet Tennessee, (50-1b. sa

: stark potatoes, ushel:” 1.35. nions Eker: RY Oi.

in that 8

meeting at Hotel Washington at 6 3

shutdown, Carnegie-Illinois has re-| Debits

High 94% § . 93%

94%

Open 8 02%

91% Olle

May. July... Sept...

89 .69

May. “July.

tJduly. *Sept.

4612 S5Va

4634 553s

iSept Soy Beans— May.. 1.22

July.. 1.19'%2 Oct... 1.09

Lard— May.. 8.77

1.281% 1.24 1.13%

“New: ‘fold.

CHICAGO GRAIN

CASH

Wheat—No. 2 hard, 96c. Corn—No. 2 mixed, 70c; No. 4 Wixed, 67¢c; No. 1 yellow, 70% @71%ec; No. 2 yele low, 70% @'i2c; No. 3 yellow, 5“ @r0vaet No. 4 vellow, u7'2¢; No. 2 white, a 61% Soy Beans——No. 2 yellow, $1.237% @1.35%g No. 3 vellow, [email protected] Oa.s—No. 1 white, 39@ 39 sc: No. 2 whit 383%.:: No. 3 white, 37'2@387%c: No. y' white, heavy, 37'%c. Barley—Malting, 57@50c nominal; feed, 49@ 54c nominal; screenings, 35@53¢ nome inal: No. 2 malting, 65c. x Rye—No sales. Cash Provisions—Lard. $9 nominal; $8.17 nominal; leaf, $8.25 nominal; $11 nominal,

LOCAL GRAIN

CASH

Wheat—Strong; receipts, 2 carloads; No, 1 red, 80adoc, No. 2 red, 88asic; No. { hard, 87@88c No. 2 hard, 86@8 ha Corn—S8trong; receipts, 20 le: No, 2 vellow, 65'4@65%c; No. 3 yellow, 63% 64%c; white corn, 4@5c over yellowy mixed, 1@2!'2¢ under, Oats—Strong; receipts, 3 carloads; No, 2 white, 36'4@36%:c; No. 2 red, 341, (@ 350, Soy Beauns—Strong; recei 3 carloadsy No. 2 yellow Indiana, $1.15%@1.16%; No, + 2 yellow Illinois, $1.15'2@ 1.16%,

WAGON

loos so, bellies, »

WHEAT Up to the close of the Crjcaso markes today. Indianapolis flour mills and Ta elevators paid 83¢c per bushel for 2 red wheat (other grades on their merit) and jaid 66c per bushel for shelled new yellow corn; No. 2 white shelled Noa. 70c: No. 2 hs oats. 33c. A

U. S. STATEMENT

WASHINGTON, May 3 P.) —Governs ment expenses and receipts for the current fiscal year through Yiay 1, compared with a year ago: This Last Year Expenses .$10,136, 166, 700. 33 w 974, 353. 162. 63 Receipts . 5,048,530,941.81 ' Gross Def. 4, 183, EE 320. 52

t. Gold Res. .

Customs. . 314,205,985.09 204,893,528.13

INDIANAPOLIS HC HOUSE

008,000 12780000 This Week

Whasssrsnanivananenans 26,018,000 . 69,138,000

PERSONAL LOANS

May be arranged through our Personal Loan Department

The Peoples State Bank

130 E., Market Member Federal Deposit Ins.

Clearings Debits

Corp.

AUTO and DIAMOND

LOANS

and Refinaniing 20 MONTHS TO PAY

Wolf Sussman, Inc.

239 W, WASH ST. ESTABLISHED 39 YEARS

1.35@ 1.50; A yellows, $2.15; Indiana yel-

lows,

MAE Statehouse, J3=

on E on Everything!

Diamonds, Watches, Musical Instruments, Cameras,

LOANS ==

wir The CHICAGO Sorin

The State 146 E. WASHINGTON ST.

‘‘Sportking”—and deWilch, Arcadia, O.;, John Scheffers, Harvey Ill; Frank Morrison, Cloverdale; Russell Boswell, Greencastle; H. R. Christison, Indianapolis; |sign; Class 38: clothi Soorting"—anq de

Emil Jacks, Jonesboro; Howard Lee, Indianapolis; Elmer Gillespie, Indianapolis; Dick G. Sammons, Muncie; Murrel Hook, Anderson; Harley |p, ®nal Finance adveriioing Bhrate. it Hook, Anderson; William Holtman, Indianapolis; George Wimmer, Cincinnati; R. A. Hoyt, Indianapolis; Frank Schwendonmann, Greens- pays fo Br — Oe Ta nee’ burg; G. T. Badger, Indianapolis; Ray Fitch, Fairland; John Bareither, Cincinnati; Ray Shepherd, Bicknell; W. A. Wheeler, Bethesda, O.; Ace Realty Co. Indianapolis, registraA. E. Newton, Indianapolis, and A. E. Hull, Doylestown, O.

paid as a bonus the equivalent amount of money they would receive during the customary vacation period,” they said.

tion of trade mark, slogan “For Land's Sake —Class 48, .