Indianapolis Times, Indianapolis, Marion County, 6 May 1941 — Page 16

4 oe , a i

Visits Plant

» 4

es 23 Millio Gallons

Water Pumpage Increas Here as Drought Condition Becomes More Serious| 1() GENTS AGAIN

By ROGER BUDROW = Indianapolis used nearly 23 million gallons more water last week than it did the previous week. A great portion of this big increase is attributed to the continuing dry spell. The Indianapolis Water Co. pumped 239,510,000 gallons of water last week compared to 210080000 = year ago. The preciptation here last week amounted to what the Weather Bureau described 5s a “trace” not enough to measure. Normally .71 of an inch should Roger Budrow have fallen. Last week a year ago Indianapolis had 92 of an inch of precipitation. Making the drought situation worse here last week were the facts that the average temperature was higher (66 degrees) than normal (58 degrees) and considerably above a year ago (51 degrees), and a greater amount of sunshine. The sun shone 92 per cent of the daylight hours last week compared to only 39 per cent a year ago. Retail sales of the larger Indianapolis department stores, for

PAGE 18

STATE UTILITY ADDS NEW UNIT

Big Terre Haute Generator Placed in Operation by Public Service.

Central and southern Indiana's power resources have been heavily | yeinforced by the completion of a new 50,000 kilowatt electric gen-| erating unit installed in the Public | Service Co. of Indiana's Dresser| plant near Terre Haute. The addition of this unit increases the power output of the plant by two-thirds, according to G. J. Oglebay, company vice president. Installed in anticipation of greatly increased industrial power loads, the $4000,000 improvement makes) the Dresser plant one of the largest in the Middle West. With the new unit, the Public Service Co. now has available a total of 244,000 kilowatts of generating capacity or about 17 per cent in excess of the system's peak demand. The system now serves 153,000 elcetric customers. ;

Boilers Seven Stories Tall

STATE BANKERS T0 MEET HERE

Speakers Named for 45th Annual Convention May 14-15.

The 45th annual convention of the Indiana Bankers Association will open Wednesday, May 14, in the Claypool Hotel for a two-day sessicn. Opening with the call to order by Paul N. Bogart of Terre Haute, president of the association, the first speaker will be William M. Schneider, senior inspector of the Labor Department's Wage and Hour Division in Indiana. He will discuss wages and hours. At 2 p. m. Wednesday, members of the American Bankers Associa= tion will hold a meeting and elect Indiana officers. A member and alternative member to the A. B. A. nominating committee will be named as well as state vice presi dents for the national bank, save ings, state and trust divisions.

O’Hair to Speak

Fred L. O'Hair, president of the Central National Bank in Greencastle, will discuss “Merchants of Money” following the A. B. A. meeting. Observations of the Consumer Credit Conference held last month in St. Louis, Mo., will be made by G. Schuyler Blue, assistant treasurer of the Security Trust Co, and Evans Rust, manager of the Peoples State Bank personal lean department. The association's annual banquet will be held at 6:30 p. m. in the Riley Room of the hotel. Speakers will clude Governor Schricker and Carroll Binder, foreign editor of the Chicago Daily News, who will dis= . cuss “The Foreign Situation To=night.”

Indianapolis Business Summary

Last Week A Year Ago $52,272,000 $22,113,000 $109,975 $143,512 $55,950 0 $78,000 $1,000 0 $8,562 34 360

‘Top Rises to $8.75 Here as| 9774 Hogs Arrive; Vealers Steady.

HOG PRICE RANGE Top Receipts [APril 28 ...issesnnsneens 38.35 13,050 | April 30 ... 8.55 9.490 [tay 1 ....0 8.70 9,281 | May 2 ..... vesessassenssass 8.60 11,032 {May 3 ... 8.55 2,500 May 5 .. 9,176 May 6 ... 9,74

1940 Thus Far $887,925,000 $356,034,000 $1,599,300 $1,806,799 $1,221,280 $1,800 $238,642 $96,300 $64,729 $256,456 12,968 6,071

1941 Thus Far $1,029,971,000 $403,217,000 $1,656,143 $3,732,899 $1,801,125 $191,000 $482,624 $1,071,000 $141,400 $407,604 15,298 8,497

Last Week Week Before Bank Clearings ....evsevssssesss. 526,018,000 $22,363,000 Bank Debits ......covvserennes... 569,438,000 $60,564,000 Postoffice Receipts. .... $104,483 $90,464 Building Permits ....coveiveieee. $235,035 $216,501 Houses $189,000 $118,200 Apartments 0 0 Business $8,500 $53,544 Industrial 0 0 Public . 0 $10,000 Repairs and Alterations. ..... $37,535 34,757 Applied for Jobs 1,106 948 Received Jobs 713 709 Claimed Unemployment Benefits (April 26) Freight Carloadings: Inbound .......cco0venssnnnns Outbound 2,279 Electricity Output (kwh)......... 13,391,000 Water Pumpage (gallons)........239,510,000 Streetcar Passengers (April 26)... 1,451,837 Telephones in Use (May 1)....... +572 Livestock Receipts (head).......0 68,587 Cattle ....civvineniceninennnnes 6,192 Calves ...sevesrsnrsssesronnas 3,737 Hogs 53,072 Sheep 5,586 Grain Receipts (bushels)......... 441,000 Corn 312,000 Wheat 13,000 Qats 82,000 Rye 17,000 2,000 17,000 Soy Beans ...coveevenvennenns 17,000 32,000 11,000 Sources of above figures: Indianapolis Clearing House Association; Indianapolis Office of State Employment Security Division; New York Central Railroad; Pennsylvania; Baltimore & Ohio: Miinois Central; Chicago, Indianapolis and Louisville (Monon); New York. Chicage & St, Louis (Nickel Plate): City Building Commissioner; Indianapolis Power & Light Co;

Indianapolis Water Co.: Indianapolis Railways; Indiana Bell Telephone Co.: Agriculiural Marketing Service; Indianapolis Board of Trade; Center Township Trustee; Indianapolis Postoffice; Federal Reserve Bank of Chicago.

% Change 41 vs. "40 | + 160 | 13.3 | 3.6 106.6 4.5

+10,511.1

EEE EEE ERY

Sessa ssseRerann

4 3 + EN

Sasha annnten

“sss sRNBENERNIRRRIRY

Sesser sere Bt RRB IIRIRRR RLS

Another 10-cent advance in hog prices was made at the Indianapolis stockyards today, duplicating |yesterday’s gain, the Agricultural | Marketing Service reported. The top price rose to $8.75 for |good and choice 200 to 210-pounders. | Vealers were unchanged with an| 1811.50 top. The marketing service reported 12623 salable cattle were received, {769 calves, 9774 hogs and 76 sheep.

srs ssseIERIRRLRR RRS

George A. Eastwood . . . Armour president.

Armour & Co. Celebrates 25th Anniversary in Indianapolis.

High officials of Armour & Co. will take part in the silver anniversary celebration of the company’s Indianapolis plant today and tomorrow. George A. Eastwood, president of 40| the meat packing firm, will be the principal speaker at a luncheon tomorrow which has been designated as “Armour Day” by the Kiwanis Club. | Governor Schricker and Mayor | Sullivan will be special guests at | the luncheon. Six vice presidents | of the company also will attend. | They are H. S. Eldred, plant operations: W. S. Clithero, livestock purchases; F. W. Specht, general sales manager; R. E. Pearsall, produce division; J. B. Scott; transportation and G. G. Fox, refinery operations. R. D. MacManus, director of public relations, also will attend. Armour & Co. began operations here in 1916 when it purchased the plant of the old Butchers Packing Co. The company annually spends o| Several million dollars in cash for 5! livestock. Employing 500 men and s.00@ 8.75| Women, the plant at 602 W, Ray St. 4 has an annual payroll of $815,000. [email protected]| The company itself is making prepara 00| vations to celebrate its diamond [email protected]| anniversary in the meat packing business.

1,350 1,485 3,157 67,770 39,391

Sesser

15.0 14.7 12.9 14 1.3 | 96 | 33 | 5.7 12 | 14 | 13.6

51,150 29,431 209,328,000 3,796,820,000 22,779,141 95,380 1,057,206 112,971 47.471 776,920 119,834 7,549,000 5,496,000 331,000 1,378,000 174,000 170,000

58,827 33,756 236,290,000 3,848,150,000 23,086,353 104,500 1,022,714 106,481 46,905 765,804 103,524 10,845,000 8,294,000 467,000 1,728,000 86,000 270,000

3,136 2,971 2,335 13,404,000 216,540,000 1,437,151 +168 62,926 5.172 2,971 51,284 2,899 578,000 380,000 22,000 142,000

3,006 1,855 11,226,000 201,080,000 1,384,632 +199 60,805 5,945 3,575 46,466 4,819 326,000 233,000 7,000 58,000

HOGS

Barrows and Gilts shea aRbbAL $ 7.35@ 8.10 7.85 8.55 35@ 8.65

140 160 180 p 200 220 240 270 300 p 320 om 360 pounds edium— 43.7 160- 200 pounds ! Packing Sows 50.9 Good and Choice— 41.1 | 270- 300 pounds | 300- 330 pounds 25.4 | 330- 360 pounds 50.6

00d —~ 360- 400 pounds ....es babes 58.8

The big turbo-generator, 53 feet! Jong and weighing about 470 tons, | §s housed in an extension of the plant. The new turbine is pro-| pelled by steam at 650 pounds pressure, 900 degrees Farenheit, supplied by two high pressure boilers, each having a capacity of 250,000 the first time in a month, showed pounds of steam per hour. | a decrease as compared with a The boilers themselves are as| year ago. In the week ending tall as the average seven-story April 26, sales in Indianapolis were building and burn 1500 tons of coal, 6 per cent below the week ending daily | ing April 27 last year, the Federal Approximately 230,000,000 gallons| Reserve Bank of Chicago reof cooling water are pumped from| ported. The average gain in the the Wabash River every 24 hours. | Seventh Federal Reserve District All water used is returned to the was 13 per cent. river. > But for the four weeks ending

” April 26, Indianapolis stores End $6,400,000 Expansion showed a 31 per cent gain over the With the completion of ths unit

same four weeks last year comthe Public Service Co. has ended a| pared with an 18 per cent increase $6,400,000 power expansion program for the district. begun in the fall of 1939. Prices for dressed pork were Completed last year were two!

higher last week but this trend other improvements—a 132,000 volt |

was not fully ‘reflected in live hog transmission line running from near| Prices at Indianapolis stockyards. Indianapolis to New Castle, with an |

Early losses in hog prices were extension from there to a junction

converted into net gains of 15 with the Indiana General Service| Certs by Thursday. But large Co. near Anderson and a 132,000

shipments of hogs here reversed volt sub-station at New Castle.

The system is now almost double

to what it was in power supply in| UCK HEAD OF 1939. : | | Allied Stores | Allis Chal .

100 Attend 27th Annual} Meeting of Local % Organization. 103i

%| ©. Curtis Duck of the Spann Co. 53 | was re-elected president aod director 107% of the Indianapolis Salvage Corps © lat a meeting held last night in corps a | headquarters, 422 E. New York St. 15%! Approximately 100 members of the 20'z | organization, made up of represen"3i |tatives of fire insurance companies, 193, attended the 27th annual meeting. ‘| Other officers re-elected were | George R. Pritchett, special agent, 1221; | American Insurance Co. Newark, N. 102 "| 5. vice president and director; Donald D. Fitzgerald, state agent, Commercial Assurance Corp. New York, [treasurer and director, and Edwin |H. Forry, Union Trust Co. insurlance department, secretary and { director. The following directors were (re-elected: W. E. Mallalieu, general | manager, National Board of Under108 writers, New York; Homer G. Meek, 1081, state agent, London Assurance jos | Corp., London, and Richard Lieber, 103 |U. S. Department of the Interior. William J. Curran of Indianapolis cons 01 100 was re-elected superintendent of the | Cons B 103 | salvage corps. Cont — Cont 117% la 1

103 Se — | Crucible. SEE “" LEET RETIRES FROM [8% sw iit DAILY PRICE INDEX| U.S. STEEL POSITION cwtersam 1s

ay NEW YORK, May 6 (U. P).—| . | Da & Co ... 20V Dun & Bradstreet’s daily weighted PURGE May 6 (U. P).— pels Hua .... 10% jce index of 30 basic commodities,| GS0TSe K. Leet, secretary of theiDe Taisen... he price 1 ' United States Steel Corp. for more |Riam Match ... 2234 compiled for United Press (1930-32 | hon 19 years retired today wi | Dist Seag i 1 Ts wi liam Averell Brown, assistant gen- DU Pont .......130% 130% Week Ago 129.60 eral solicitor of the corporation since | a M £ - 129.501 1918 was elected secretary to suc- . 14la onth Ago . 128.77) (eed Mr. Leet . 23% Year Ago . 119.86 benlis f - 31% 1941 High (May 5) Joining U. S. Steel as secretary tis Fo Ty ter POE Yo reerees ogg to the late Judge Gary in 1811, us Ni ; Luhbhyiy Leet served as press liaison man for pl... 85

the late chairman of the board. He wl" came to U. S. Steel from his post ...141 i J LX] Tr Dealers 7 A RB)

“esses BIRRIEIRRIBRIR RES | cess ssssEs ERR RNN,

Sess RsRRIIRIBIEI IRIN RLS \ cess NEIBNIBRIRIEIRERIRNRNR ES ~

1.80@ 7.75@ 7.65

7 n.25@

SETTER AE ERR ERE A AR A EA Ad

| 400- 450 pounds ) 450- 500 pounds Medium | 250- 500 pounds Slaughter Pigs and Good— pounds

CATTLE Slaughter Cattle & Vealers (Receipts, 2623) 8t

+1 ++++ i111 ++++++

| Mediu 80- 120

steady flow of replacements to feed lots at prices 50 cents to $1 above similar cattle a year ago. Old crop lambs provided a sudden show of strength early in the week which was sustained in later trading. Upturns for the week measured around 75 cents. New crop lambs were largely absent. Wooled stock was scarce and best old croppers sold from $11 to $1125. Shorn lambs from $3 to

$10.25 provided the best price comparison with a year ago when similar offerings were selling at $9.75 down. Center Township relief costs, as reported by Trustee Henry Mueller, were $10,972 compared with $26,315 last year. At the end of last week there were 2733 relief cases in the township compared with 5141 last year at that time. Medium

VICHY CLAIMS FINANCES 600D ==

this trend and by the end of the week were the same as at the close of the previous week which left them about $2.40 over a year earlier. The week's two-way market set medium weight and heavy steers back 25 cents while light yearling steers and heifers gained a like amount as did low-grade COWS. Feeder confidence in future markets continues apparent in the

N. Y. STOCKS

8y UNITED PRESS —— — — Net DOW-JONES STOCK Aver sues

pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds ....sseenvun Good— 750- 900 pounds 900-1100 pounds 1100-1300 pounds ... 1300-1500 pounds Medium — | 750-1100 pounds | 1100-1300 pounds

Common 750-1100 pounds Steers, Heifers Choice 500- 750 pounds 500- 750 pounds

[email protected] 11.00@ 13.00 [email protected] [email protected] Install Officers Reports of the resolutions com= mittee will open the Thursday ses= sion in the hotel assembly hall. Fol=lowing a report of the nominating committee, new officers will be elected. Dr. Simeon E. Leland, professor of government finance and chairman of the department of economics at the University of Chicago will be the final speaker of the morning program. His subject will be “Fis= cal and Monetary Policies with Ref=erence to Defense.” New officers will be installed following luncheon and the final speaker will be Dr. Claude L. Ben=ner, vice president of the Confinental American Life Insurance Co. of Wilmington, Del. He will speak on “The Effect of War on Our National Economy.”

Choice 750- 900 pounds

Vivaeans vere [email protected] | ood 750- 900 pounds

ais STOCKS FALL TWO ern BILLION IN APRIL

NEW YORK, May 6 (U. P.).—The market value of all stocks listed on the New York Stock Exchange o dropped nearly two billion dollars ‘during April, to the lowest level lin 11 months, the Exchange disclosed today. 2 The exchange reported 1232 stock jssues aggregating 1,462,624,273 shares listed on April 30, with a total market value of $37,710,958,708. That compared with 1233 issues aggregating 1,457,226,193 shares, with a market value of $39,696,269,155 a month earlier, and 1235 issues 1,445 651,357 shares, and $46,769,244,- | 971 value at the end of April, 1940. Average price of all listed shares on April 30 was $25.78 compared | with $27.24 at the end of March, | and $32.35 a year earlier.

¥ ~ Common LOCAL ISSU ES 500- 900 pounds The following quotations by the {ndianapolis Bond & Share Corp. do not repregent actua) price of offerings. but merely indicate the approximate market revel based on buying and selling quotations of recent transactions. Stocks Bid Agents Finance Co. nec, com % Agents Finance Co., Inc. pfd 20 Belt RR & Stk Yds com . BS It & Stk Yds ofd

High Low

} Change 30 INDUSTRIALS 7.75@ 8.50 7.25@ 7.75 6.25@ 7.50 5.00@ 6.25

Abbott Lab Alaska Juneau

Alediumm ......o.000v0n { Cutter and common Canner

Casas Cates eae

(Yearlings excluded) Ask 9 40.05 | +0.19 | —0.92 | 40.0%

Medium aha Cutter and common

Vearers

56 11012 98% 15

‘pta 50 .... 104% 108

To Exporters and their Advertising Agents

LA PRENSA of Buenos Aires is def initely one of the great newspapers of the world. In Argentina it is greatest in prestige, influence, news coveradvertising, and public service. as on exporter and advertiser, he Argentine Market you will

A the Cora. campaign. ork Office will be ye to give you full information.

LA PRENSA

Buenos Aires South America’s Greatest Newspaper

Represented Exclusively by - JOSHUK ;B. POWERS, INC. 220 East 42nd St. Ji New York City’

Hook Drug Inc com . Home T & T PF, Wayne 7% Ind Asso Tel Co $5 pfd Ind & Mich Elec 7% Ind Gen Jerv 6% bpfd Gas com .

Indpls Indpis P & L com Indpls Water 575 pfd.. Lincoln Nat Life Ins com..... N Imd Pub Serv 529% pfd.. N Ind Pub Serv 687 pid N Ind Pub Serv 7% pfd Progress Laundry com Pub Serv Co of Ind 60, Paul Serv Co of Ind 1% So Ind G&L 48% pid.. Terre Haute Elec 8% Union Title Co com Van Camp Milk pfd Van Camp Milk com ....... Bonds American Loan 5s 51 American Loan 5s 46 Citizens Ina Tel 4%s 61 Consol Fin 5s 50 “gh a Crabb-Reynolds-Taylor §s 42... Home T&T Ft Wayne 5'%s Home TAT Ft Wayne 6s 43 Inc Assoc lel Co Sls 70..... Indpls P & L 3%s 70 Indpls Railway Inc 8s 67. .. Indpls Water Co 3%s 66. .. Kokomo Water Works 5s 58. . Kuhner Packing Co 4%s 49 Morris 5 & 10 Stores 5s 50 ....100 Muncie Water Works 5s 65 Nai Silk Hostery 5s 42 N Ind Pub Serv 3%s 69 N Ind Tel &'2s 55 . Pub Serv of Ind 4s 69 Pub Tel Co 4'as “ Wks 5s 87..

1 % " ] Vy Feeder and Stocker Cattle Steers (Receipts, 769)

| Yesterday Steers

Week Ago Month Age Year Ago High, 1941, 20.65; Low, 17.6%, High, 1940, 26.15; Low, 18.03.

[email protected] 10 [email protected]

[email protected] [email protected]

8.75@ 9.50 7.75@ 8.95

3ald Loco ct.. 3alt & Ohio... 3alt & Ohio pf 3arber Asphalt arnsdall “ah endix Ava .. 3 eth Steel .. Jrewing Cp

If you, enter t want to make LA P

i advertisin Our New

Net Change : 1 Ta 3 La 3 Va Vs 3

High ®D.... 8% Un Oil .. 13 Saw&Stl. 26 \ .. 23% « 16% 23a 12% 132 25% 1's 33% 5'2 23, os SIA voy 3672 Studebaker .... 4% Sun Oil 53 18%

harp Shell

wo “ANODE ND IDLO

(steers)

3yron Jackson. 77

Cal cking. .. Saami & So 5% Certain-td 6 pf 24'z2 Cl Paper.. 18 31 57

[email protected]

18's [email protected] South Ry South Ry ol .. 7 a

INDIANA GRAIN MY

1% Good Va 500 p e lo s

116

V: Qu Col & So 1 pf Colum Gas ... s Com Credit ... Com. Inv Ty ,.. 31 Comwith & So 3% Comwith So pf 55'2 Comwith Edison 26% Cons Aircraft .. 25

Precipt- State of High Low tation Weather Hi 60 20 Rain Cloudy | Rloudy/ ain

Stations Angola ......... Cambridge City . Columbus ...... 87 Evansville . Wayne ...... 8 Indianapolis .... Lafayette

[email protected] [email protected] 5@ 9.25

6.50 4.00@ 5.50

CHICAGO LIVESTOCK

Hogs—Receipts, 14,000; market fairly|paol active and generally steady to 10c lower; most loss on weights under 250 Ibs. ‘from the early trading; top, $8.75; bulk 180-300 Ibs., [email protected]; heavier weights scarce sows round steady; good 400-500-Ib weights, $7.75@8; lighter weights to $8.25. 8 5000; late Monday; fed to strong; bulk good and . WOO Western, $l1@ 11.35; few best loads, [email protected]; $11.75 to outsiders; some weight} finished lambs, [email protected]; clippers very scarce; today's trade: lambs trade rather active, fully steady, undertone firm; most early sales fed wooled Westerns, $11@ ; around three loads California spring lambs, $12.15 to packers with one deck averaging 93 Ibs. to city cutchers, $12.25; load 109-1b. shorn Western, $9.25; lighter weights held above that figure; native ewes down from $7 generally with best lightweights, $7.25. Cattle—Receipts, 9500; calves, 1200; tremely dr y market; weighty steers without reliable outlet, 25¢ lower on bulk omering: scaling over 1200 lbs.; yearlings and light steers steady to 25¢ lower; only common and medium light kind holding steady at $9.50 down to $8.50 and below especially $9 down: largely [email protected] market; best yearlings early, $12; some held higher: most weighty steers, $11 down to $9.75 and below: fed heifers in liberal supply; market st*ady to weak, mostly $7 down; cows very scarce, steady; bulls 10 @25¢. higher; vealers steady at $12 down, mostly [email protected]; weighty sausage bulls to $8.40: light stock cattle about steady at $11@12 on good to choice offerings and 10.50 on medium to average good

Superior Oil ... Swift Intl

LOANS in Co-operation With the De- |] fense Program

il AMERICAN NATIONAL BANK

at Indianapolis d Market Streets

+ "14 | Texas Corp .... 3

a2 1, Und Ell Fisk... 53 Union B & P... 1, | Union Carb .

On Tank

Rain Rain Cloudy Rain

Rain Weather

4 Richmond Water + 1

Trac Term Corp 5s 57 3

‘108% . 69 Vosennenn 8 Na vheld ..... 86 60 28 Furnished by Indianapolis Bureau. WEINBERG AIDS NELSON WASHINGTON, May 6 (U. P.).— Sidney J. Weinberg, New York investment banker, yesterday was appointed assistant director of defense purchases under Donald M. |

Nelson.

4 4

F'n “va a 3! |

S Steel

| Elec Boat ..... Elec SL Lt.

El P&L $7 p El Paso Nat Eng Pub 8 Eng PS 6

14'2 2

31% 34

Vadsco Sales . Vanadium

WAGON WHEAT Pennsylvania an to the close of the Chicago market Indianapolis flour mills and Sie per bushel for No. 2 4 Sats ose her Bua for thaled new an ai c per bushel for she No. 5 vellow corn; No. 2 white “hened corn. 0c: No 2 white oats. 33¢

Up today. elevators paid 85c¢ red wheat (other

A ex-

44 ee 2134 . 27% . gu Db . 20% oh B82 23 we 19%

—ye

MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION

Ba. »f

| Worthington

Yellow Tr ..... Young Sheet .. Young Stl Dr ..

13 12% 33% 33% 14

14 14

GENERAL MOTORS TO PAY $1 DIVIDEND

NEW YORK, May 6 (U. P.).— + | General Motors Corp. today an-

department in 1917 after engaging in private practice following his graduation from Harvard law school in 1908. All other officers of the corporation were re-elected at the annual organization meeting of the board

Greyhound Cp Gu M & Oh p

18%

f 18% grade.

LOCAL PRODUCE

Heavy breed colored hens, 17¢; No, 2 colored hens, 13c; horn hens, 13c; No.

TO CINCINNATI

Buses leave Terminal at 6:45 a. m,, 10:00 a. m,, 1:30 p. m,, 4:45 p. m. and 8:00 p. m. daily. Additional trip 5:45 p. m. Sun. and Holidays.

Ill Central “eh I Cent pf .... Interlake Ir ..

Int Nickel tt P&P

+0.29 +0.10 | —2.43 ‘aks : +ou Bouthillier Says World War Collapse Will Not Be Repeated. VICHY, May 6 (U. P.).—France faces "no danger” of a& MONELAry| Common and choice collapse such as followed the first Cull . —o.s | World War, despite the drain on eos her finances imposed by reconstruc- | o | Cholce— —0.27 tion and the upkeep of the German | toe pounds -r army of occupation, Minister of Good - Hou Finance Yves Bouthillier asserted] Seaoio00 DOME :euseusars today in a press statement. | 00-1000 a The minister asserted that France | 500~ 900 pounds today is operating under a “totally | Calves different” financial regime, empha-| $8 pounds down sizing that the role of money has| 500 pounds down been “profoundly modified” since] Calves (heifers) 1919 by regulations imposed on for-| Ng thoelte eign exchange, foreign trade, dis. | Mediim : Gove 10:09 B11,50 tribution of raw materials and the| 500 pounds down [email protected]| fixing of prices. | SHEEP, LAMBS (Receipts, 76) In 1919, Bouthillier asserted, “n=! ood and thol balanced public finances led to put-| Medium and good ting into circulation of bank notes Common which pulled markets down by|Goed ana choi? Twos enormous purchases, weighing on|Common and medium : |domestic price levels and, through : |capital export, on the value of the franc abroad. This led to progressive depreciation of national money both at home and abroad.” Today strict regulations make exportation of capital difficult and stringent rationing “limits consump- . [tion and therefore to a certain de=''y sree the spending possibilities of ... |each individual.” ya! France intends, Bouthillier said, 1, to follow up the system which has n obtained the present results. Bouthillier warned that the future . holds for hoarders a “series of disciplinary measures limiting their field of action” and restrictions on the purchasing power of Frenchmen in general. “However,” he declared, “there will most certainly be no anarchistic : and anti-social destruction of this (program).” WASHINGTON, May 6 (U. P.).— Company and union officials resumed conferences today in an at-

as confidential assistant to the As- ’ ] IH Y [|

|sistant Secretary of the Treasury, FIRE-CASUALTY

of directors.

U.S. STATEMENT

WASHINGTON, May 8 (U, P.) —Govern-

Jarvis Co

nounced the declaration of a dividend of $1 per share on the common stock, representing a total outlay

tempt to settle a strike which has tied up services of the Pennsylvania Greyhound Bus Lines since Sunday morning.

2 Leghorn hens, : springers, over, 18¢c' No. 2 springers, 15c¢; Barred Rocks, 18c; colored breeds, cocks, 7c. Eggs—18c¢. er—No. 1, 36%2@37c: No. butterfat, No. 1, 32¢c: No.

19¢;

2, 35a 2, 30c

Indianapolis and Southeastern Lines, Inc. Bus Terminal—Illinois & Market Sts. Phone RI ley 4501

Butt: 351z¢; y ol Farm pickup prices quoted by the!

Wadley Co.).

Four men were arrested late yesterday by Maryland State Police near Waterloo, Md. for allegedly throwing stones at a convoy of 15 busses being driven from Baltimore to Washington by company officials. The busses were said to have been caught in Baltimore—where the line has no garage facilities—when the strike was called, and were being brought here for storage. A union spokesman said the dispute involved a general wage increase, improved working conditions and establishment of a union shop. The company said the strike was a result of the union's refusal to arbitrate its differences, “although its contract with the company specifically calls for such arbitration.”

of approximately $43,000,000. The disbursement, payable June A 12 to stockholders of record May 15, compared with 75 cents a share in % the previous quarter and with $1 on A June 12, 1940,

FOREIGN EXCHANGE

NEW YORK. May 6 (U. P.).—Following 5 | are noon cable rates OB, malor SUrtencles: » an % | England (pound) . re

... $4.03! Canada (dollar) Si : *France (franc) .0231

italy (ira) 0505 NH) 021 2321 2

Kennecott

after working in numerous Gov-|Ge ernment departments from 1896. ge Mr. Brown, born in Cooperstown, | Gira N. Y. in 1885, joined U. S. Steel law AUTOMOBILE INLAND MARINE EEL N Ie for Careful Property Owners

ment expenses and receipts for the current fiscal year through May 3, compa with a Vear ago: This Year Last Year Expenses $10,246,035,831.09 § 3.040.588 355 on Lehman 5,004,147,226.71 4 488 88 604.38 4.8

Gross Det 4,251,888 ig” TOSS e " » N Like & Lockhd Loew's

om —— A

NEAR TODAY...

Net Def. 4,205.981.504.38 Cash Bal. 2.337.205.520.38 2, 1.591,287,833.20 1 Pub. Debt 47,238,068,159.32 42 Gold Res. 22,510.455.878.32 18, Customs 317.059,558.52

COLLIER HEADS CRANE CO. CHICAGO, May 6 (U. P.).—John H. Collier today was elected president of the Crane Co. to succeed | Charles B. Nolte, who died last]

at Substantial Savings

Wa. 2456

Tuesday.

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WAYNE, May 8 oo oF Se 180 8

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Nat Dairy .... Nat Disullert..

Operations of the Pennsylvania Greyhound Bus Lines in Indiana remained at a standstill again today as a result of the employees’ ~ |strike in Washington, company of- ; | ficials said. More than 100 daily Roughs, $7.25; stags, $6; |runs in the Indianapolis area were Western lambs, $10.75@11; | halted by the strike, which became

bs, [email protected]; Ps. .TSGN.3: tring lambs. leffective at 5 a. m. Sunday.

PReit i~t-tei-4> PN FREESE SEEEE +1 4 HE

steady. 200 1b °% eady, S., . -200 s., Ohio Oil Be. ibe. 25: 220-240 Ibs., $8.25; $

8, Owens $00 30 lbs., $8.15: 80 1bs.. $8.10

1bs., $8.05; 300-350 Ibs., $8; $507.90; 150-160 1bs So whi 130-140 1bs., 120 1bs., $6.90. calves, $11; fed

pac G & El... 25% Pacific Mills .. 12% ckard ....... [2% Pan Am Airway 10% Paramt Pict .. 11 rker t

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a ® LEER