Indianapolis Times, Indianapolis, Marion County, 13 May 1941 — Page 8

PAGE 8

BIGGER WHEAT CROP FORECAST

Purdue Estimates Indiana Production Will Be 30,888,000 Bushels.

LAFAYETTE, May 13 (U. P).— An Indiana winter wheat crop of 30,888,000 bushels, an increase of

between 2 and 3 per cent over last vear’s production, was estimated today as of May 1 by M. M. Justin, Purdue University crop statistician. Winter wheat crop prospects improved 25 bushels per acre during April, Mr. Justin said, and a yield of 19.5 bushels per acre was forecast. Conditions for wheat have continued favorable since the report was compiled, he observed. Rye acreage for harvest was set at 123,000, 50 per cent of the area seeded last autumn. Mr. Justin said . : prospects for rve were above aver- an even greater improvement is

age and predicted a vield of 1,660,- | shown. Sales in Indianapolis de000 bushels as compared with the partment stores were 27 per cent 10-year average of 1,473,000. above what they were in 1940, and Pasture Not Damaged those of Detroit made a 25 per cent

{1ncrease. : Hay and pasture was not damaged| Now if you compare sales of the by April's dry weather as the condi- |last four weeks

By ROGER BUDROW

Business of the larger department stores in the Midwest, particularly Indianapolis and Detroit, is considerably better than in the average store throughout the nation. On the whole, the sales of the larger department steres in the U. S. in the week ended May 3 were 14 per cent higher than they were a year ago, according to the Federal Reserve Bank of Chicago. But in Indiana, Illinois, Michigan and Wisconsin sales were 18 per cent above the same Roger Budrow week of 1940.

And in Indianapolis and Detroit

| (ending May 3). tion of pasture was reported as 82 Indianapolis again leads the Midpercent of normal, compared with |west with a 31 per cent improvethe average of 76 per cent. ment over the same four weeks last The carryover of hay on farms/year. Spreading the comparison was estimated at 307.000 tons as/over five weeks leaves Indianapolis compared with 327,000 tons last year still at the top, with a 30 per cent and an average of 348,000 tons. improvement. The Midwest, in these “While the poultry flocks on crop |[our and five-week comparisons, reporters’ farms were smaller than he oy an 18 per cent gain over last year, 92 compared to 98 hens, | v X the egg production was the highest| Going back to the first of Februon record, 626 eggs per 100 hens ary, it will be seen that Indianagainst the 10-year average of 58.3 lapolis stores at that time reported eggs per 100 layers,” the report their sales were running about 10 stated per cent ahead of the comparable “Likewise. dairy lh of 1940, which indicates the

was up. helping meet the deman for more foodstuffs of certain Kinds, | notably eggs, milk and pork. | Cows on reporters’ farms on May 1 produced 23 pounds of milk per day compared to 21.1 pounds a year ago. The percentage of cows being milked also was above that of a vear ago, 74.9 per cent compared to 73.4 last vear and an average of 74

production also

increased since then. The Government's buying dressed pork higher recent gains in hog values at the local stockyards. Since the Government program was announced early last month, hog prices here have risen from around $7.80 a hundred

program of to support

d margin of improvement has been |

prices helped maintain the |

Bank Clearings Bank Debits Postoffice Receipts Building Permits .......ccc00000e Houses .... Apartments .......eacscesens Business Industrial

RE EE EE Tes etER ETRE ERATE

Tess eteetrcRataNTR ee Shree rTRsR RETR NTRS

Repairs & Alterations ....... Applied for Jobs ........... Received Jobs Claimed Unemployment - “Benefits

Trees ere

Freight Carloadings:

Electricity Outpvt (kwh) ........ Water Pumpage (gallons) Streetcar Passengers (May 3) .... Telephones in Use (May 8 Livestock Receipts (head)

ss ecsencennore

Calves Bogs ......ovn Sheep ... Grain Receipts (bushels) ........ Corn ... Wheat .......... Oats ...... Rye .... Soy Beans ..

Pets eset cass arsReRrRen

Paces n ete

EE EE EERE

sees erren secs ranrenen

Ses ss Essar Rr rR

Cress Rs rERE ERR ET RRR

EEE ELE EEE EEE EE

Sources of above figures: Division: New York Central Railroad; (Monon): New York, Chicage & St Indianapolis Water Co Beard of Trade; Cente

ahead a flat half-dollar.

high prices.

The quality of old crop lambs

. . . 200,560,000

Indianapolis Clearing

Louis

.; Indianapolis Railways; r Township Trustee; Indianapolis Postoffice; Federal Reserve Bank of Chicago.

Rains and |

improved pasture supported stocker and feeder demand at relatively

Week Last Week Before Year Ago $26,018,000 $19,714,000 $69,438,000 $46,794,000 $104,483 $87,247 $235,035 $360,524 $189,000 $139,500 0 0 $8500 $16,550 0 $191,500 0° 0 $12,974 1 408

Last

713

1316 1350 3265 3136 2279 13,391,000 239,510,000 1,451,837 +572 68,587 6192 3737 53,092 5586 441,000 $12,000 13,000 82,000 17,000 17,000

House Association:

3483 1840 10,823,000 210,840,000 1,374,457 4-252 49,823 5661 3254 39,990 918 410,000 291,000 7000 42,000 62,000 8000

3341 2279 13,675,000

1,456,311 +257 63,227 6126 3515 50,419 3167 484,000 374,000 18,000 66,000 12,000 14,000

(Nickel Plate); Indiana Bell Telephone Co.;

with a year earlier.

THE INDIANAPOLIS TIMES Department Stores Here and in Detroit Leading The Midwest in Their Increases Over a Year Ago

$875,748,000 $934,719,000

City Building Commissioner; Agricultural Marketing Service;

[oe because a similar quality of} {shorn lambs are nearly on a Dar were $16,461 up to May 10 as com-

Indianapolis Business Summary

1940 Thus Far

1941 Thus Far $427,647,000 $1,090,381,000 $1,758,600 $4,126,384 $1,928,725 $191,000 $727,824 $1,072,000 $141,400 $427,289 17,027 9542

$1,686,547 $2,167,323 $1,360,780 $1800 $255,192 $287,800 $64,729 $269,430 13,739 6486

r++ FFF HEF

71,035 40,707

54,633 31,271 220,151,000 007,660,000 24,153,598 95,632 1,107,029 118,632 50,725 816,910 120,752 7,959,000 5,787,000 338,000 1,420,000 236,000 178,000

62,168 36,035 249,965,000 4,048,710,000 24,542,664 104,307 1,085,941 112,607 50,420 816,223 106,691 11,329,000 8,668,000 485,000 1,794,000 98,000 284,000

sed value of |$20.000.

% Chge. 41 vs. 40

13.8 16.7 43 90.4 | 4a.

10,5111 |

185.2 272.5 118.4 58.6 23.9 47.11)

13.8 |

15.2 13.5 1.0 1.6 9.1 1.9 5.1 0.6 0.1 11.6 42.3 49.8 43.5 26.3 58.5 59.6

Indianapolis Office of State Employment Security

Pennsylvania; Baltimore & Ohio; Illinois Central; Chicago, Indianapolis and Louisville | Indianapolis Power & Light Co; Indianapolis

the hammer but are still 50 cents | year ago are accounted for almost | land Perfection Screw Products, to $1 over a vear ago. Vealers surged entirely by the increa

| Center Township relief costs, as {reported by Trustee Henry Mueller,

| May

HIGHEST PRICE ON HOGS IS 39

Most Weights Marked Up 20 Cents Here; a Few Gain a Quarter.

HOG PRICE RANGE Top Receipts 6 $8.35 9,77 Wo. . 8.85 9,764 8 tiittrieresnnnenans 8.98 12,136 « R55 5.939 + 8.35

May Tess eiesasessateaes

Sears eseraRNR en

May May § May May May

Hog prices rose to a $9 top at Indianapolis stockyards today on price increases of 20 and 25 cents, (the Agricultural Marketing Servy(ice reported. Hogs weighing more than 160 pounds were 20 cents a hundred pounds higher than yesterday while lighterweights rose 25 cents. The ($9 top went to good and choice 200 {to 210-pounders. Vealers were steady with a $12 [{top. The marketing service reported 1890 salable cattle were received today, 694 calves, 9177 hogs and 792 sheep. HOGS Barrows and Gilts pounds

pounds . pounds

woe FNS

‘ { -) ~ ® EHD ODB BD

8.50 8.50 8.40

8.35 8.25 8.20

8.15

8.30@ 3 Na 0 8. 008 00a

7.50@

pounds .. pounds .... pounds .... pounds Slaughter Pigs | Medium and Good— 80- 120 pounds - CATTLE

Slaughter Cattle & Vealers (Receipts, 1890)

7.00@ 7.60

| pared with $46,708 up to May 11],

The City Building Commissioner | (last year. As of May 10, there were | 7:

2338353

|vived today with public offering of ($50,000,000 in 3 per cent debentures

Peacemaker?

Albert W. Hawkes, Kearny, N. J., industrialist and new president of U. S. Chamber of Commerce, is reported ready to start a drive to improve relations between big business and New Deal and to work for better understanding with labor.

TWO LARGE ISSUES OFFERED INVESTORS

NEW YORK, May 13 (U.P.).— Investment market interest was re-

of the Firestone Tire & Rubber Co., and anticipated issuance of $44,800,000 par value common and preferred stock of the American Viscose Corp. Harriman Ripley & Co., Inc, and Otis & Co. headed the group of 78 underwriters and 600 security dealers which offered the Firestone issue at 99, plus accrued interest. The bonds, dated May 1, will mature May 1, 1961. Yesterday the American Viscose Corp. filed with the Securities & Exchange Commission in Washington a statement covering 228,480

TUESDAY, MAY 131 on

PERSONNEL AIDS MEET THURSDAY

Defense Problems to Be Discussed at Purdue Institute.

Times Special LAFAYETTE, May 13.—Personne} and industrial relations problems in connection with the defense proe gram will be discussed at the Pere sonnel and Industrial-Relations Ine stitute which opens its two-day meeting at Purdue Thursday. Thursday morning's speakers will be A. O. Brockriede, Indiana Personnel Association president and personnel director of Sunbeam Elec» tric Manufacturing Co. at Evanse ville, and Fred A. Krafft, director of American Viscose Corp.’s labor relations, who will discuss collec~ tive bargaining. In the afternoon C. L. Shartle of the U. S. Employment Service Divie sion of the Social Security Board, and Ray Kremer, personnel director of the Allison Division of General Motors Corp. at Indianapolis, will discuss “Increasing the Working Force.” Discussion leader will J. Bradley Haight, assistant directo; of Indiana Employment Security Division. Friday morning's speakers will » Edward E. Greene, director of emer= gency training at Technical Hign School, Indianapolis; Paul Mertz, district representative, Advisory Commission to Council of National Defense, and Dr. Henry T. Heald, president of the Illinois Institute of Technology at Chicago. They will discuss defense training. Gen. Louis B. Hershey of the Selective Service System and Lieut. Col. Robinson Hitchcock, Selective Service director for Indiana, will speak in the afternoon. D’Alton D. Funnell, past president of the National Safety Council 2§ Chicago, will be speaker at the banquet, discussing “Labor Relations in a New Day.”

tn nn IR ct

ns gon ASAP Si ey

sat

sr an 3 5 TI Ss

pounds to around $8.70. There was a scarcity of cattle at shipped here last week indicated [reported building penis Were the stockyards last week which [that the cleanup of feed lots was granted several large Indianapolis about complete and the 25-cent | |industries last week. Among these

12391 active cases of relief in Center | Township and 424 inactive cases compared with 4820 active cases last year on May 11 and 479 in-

shares of 5 per cent cumulative preferred of $100 par value and 1,568,000 shares of $14 par value common stock.

per cent.” |

BYERS co." T0 TO ENTER

1300-1500 pounds Good— 750- 900 pounds 800-1100 pounds ..., 1100-1300 vounds

APPROVAL OF LOAN

were Marmon-Herrington for about

ALLOY STEEL FIELD

PITTSBURGH, May 13 (U. P.).— The A. M. Byers Co. on June 15 will enter the alloy steel production | field, thereby increasing America’s output of this strategic material by 30.000 to 40.000 tons annually, it | was announced today. L. F. Rains, president, said that production at the company’s new Ambridge Works electric furnace will be started six weeks ahead of schedule, reflecting the speedup in construction necessitated by shortage of alloy steel in the pres- Wf ent emergency. |

U. S. ORDERED 208 | VESSELS IN APRIL

NEW YORK, May 13 (U. P).— The U. S. Maritime Commission In | April placed orders for 208 vessels. as part of the national defense and | aid-to-Britain programs. The Amer-|7

ican Bureau of Shipping disclosed | for April, 1940, of 907,904 net tons. Cerro de Pasco

today Included among ships ordered by the commission were carriers, range vessels.

WAGON WHEAT Up to the close of the Chicago market | today Indianapous flour mills and erain | elevators paid 85¢c per bushel for. No. 2 red wheat other grades on their merit)

| furnished a platform for continued | |

high prices on lighweight cattle and low-grade cows. Heavier cattle felt

STEEL SHIPMENTS |

AT ALL-TIME HIGH

NEW YORK, May 13 (U. P).—]| (U. S. Steel Corp. in the first four | ‘months steel products at an annual rate of (19,916,835 net tons, exceeding by more than 2,000,000 tons the all-| time record of 17,105,000 net -tons

{shipped in 1916.

New records for the periods were set for April and for the first four

‘months of 1941.

April shipments totaled 1.687, 674 net tons, a decline of 32692 inet tons from the March total of} 1, 720.366 net tons, but a rise of 779,770 or 86 per cent over the total

{The small decline from March was {accounted for by the shorter month

112 cargo and to a slight degree by the soft 72 tankers and 24 long- |.oal shutdown.

Shipments for the first four {months totaled 6.638945 net tons, | against 3994657 net tons in the corresponding period of 1940, a

gain of 2,644,288 net tons or 66 per | Cot

and paid 69¢ per bushel for shelled new Cent.

o 2

vellow corn, N

corn: No 2 white on 3c; 33c.

0. 2 white oats

STOCKS ARE HIGHER

BUT TRADE IS LIGHT

NEW YORK, May 13 (U. P).

{

| Stocks firmed irregularly in contin. | ued quiet dealings today. |

slightly higher with the industrial ‘average reaching a new high for the | current recovery, moderately from the early highs.

| fractional improvement.

|each at 54% {while Chrysler land General Motors 's to 39%.

{land had little apparent effect on the market here, although a rise in London to it.

OUT-OF-TOWN

'. Id

More rapid service on home loans is possible at Railroadmen’s because all requirements for approval of your loan are handled LOCALLY by LOCAL men who understand LOCAL conditions. Terms are always the best your property can command so why not investigate our service?

rg QA #1 E

Expenses Receipts Gross def, © Net. def.

Customs ..

Clearings bits

39¢ ajar

The list opened steady. edged |

and then Save | Leading shares generally showed | U. S. Steel Bethlehem were up i and 72, gained !

nd respectively, to 58%

The flight of Rudolf Hess to Scot-

securties was attributed

U. S. STATEMENT

WASHINGTON. Mav 13 (U.

Gov-

JY —

Le ernment expenses and receipts yor ‘the cur- | Libby McN & L. rent fiscal year through May 10, compared | Loew's

with a year ago: This Year $10. Jus. 420.687 3% 899.

Last Year $8. Pi 3D. 380. S003 3 a or 318 20 | 3.153.793.563.20 | 2.273.605.111.88 | 95 42.735.988.508.2 7.31 18,903,690. 326.893.907 48 INDIANAPOLIS CLEARING HOUSE

000 | i ————.

who “give a dam” about themselves -

A New Cream Deodorant which safely Stops Perspiration

1. Keeps under-arms dryfor 1 to 3 days AND prevents underarm odor. 2. Saves shirts from odor, stains and rot caused by perspiration. 3. Takes but haifa minute to use. 4. A pure, white, greaseless stainless cream which vanishes instantly. 8. Arrid has been awarded the Approval Seal of the American Institute of Laundering for being harmless to fabric. 25 MILLION jars of Arid have been sold. Tryajartoday!

drug * Giein Tog wud 59g army

ARR

| Gen

point |G

Marine Mid Martin (Glenn). Mathieson r 303d = | McKes'n & R p! 1.548.445 467 2 | McLellan pf .. 480. a Midland Stl .. .. 302.986.462 02 Nisgien Corp. .

Nat Biscuit .... Nat Dairy i | Nat Dairy pf A Nat : Newpt News Sh Newpt Nws S pf Norf & No Amer 53% pf No Cent

Ohio Oil Owens Ill Glass

Pac Am Fish... Pacific Mills .. Pac T&T .....

Paramt Pict ... Penn RR ...... Pere Mat pf ..

Phila Co 6 pf.. Philco Corp ...

lower prices hardly indicate true | price-levels. Wide margins over LB

N. Y. STOCKS

By UNITED PRESS

Net Last Change 1. | Yesterday

3 2

Allied Stores .. | Als hi Month Ago .......v.u ehasaae

Year Ago High, 1941, High, 1940, 152.80; Low, 111 20 RAILROADS

— Yah + la

Mach& Fay. ls

SAnchazhiet Metal "nt P&L P&L 5 pr A a Mill pf

~ Am Am Am Am Am Am

4'2 L118 33's A 29% “ 8% Yesterday

25: . 113% 3 | Year Age High, 1941,

High, 1940,

ALC 32.6%; Bendix Avn 15 UTILITIES Beth Steel . Borg Warner ..

Buda Mig

High, 1941,

enrerornt TT. High, 1940, Cent RR NJ.

Phoenix Hos Postal Tel Proc & G Pullman

Champ Paper..

pf Climax Moly Co 1 Colgate P P 1 Col Broadcast B Com Credit . Comwith & Seo. Cong Nairn . Cons Coal

pf Republic Stl

Rustless I & St. 11's 11% R

——

8 St Jos Lead ....112 112 St L-S Fran ... 303% 05% 3 % | Schenley Dist pf 9a 9% | Sart Pub pf... 32° Sheaf Pen mM Curt Pub pr pt 8% i Deers Co... & Hua LES Bist Seag Dome Mines Douglas Aire.

20% 11% 13% . 147% . 69

20%

Std O Cal .. Std Oil Ind Std Oil NJ . fn ; « 31% 1

9 342

| Etec E IxLtErie Pitts .. Pw, $6 pf

31% 1

2 Ts 64 341%

39% 30%

Syming-Gld ww.

"30%

Texas Corp .... Jost “ew a

Timk-D Ax ster Vice HE Fost Whi Freept Suhihus 34% —— . a d3h 29% 39% 4 . 10%

17%

United Drug United Fruit Un Gas Imp ..

Sair Robt Gen Foods .. Gen Motors Gen Out Adv T&R .

Gobel, Adolf Goodyear Granby | Gt North nf .. 26% t West Sux... 23

vee 32% To, West Union ... 24 West Pac Bi West Air Bke.. 20" Westvaco pf ..108': White Mot .« 132 Willys Overlnd. 1'2 Willys Overld pf 31 !s | Woolworth .... 27% 4 —Y— - 13% . 34

. Vulcan Det

Hupp Motor 3's Inger Rand pf. 22'4 22% Interchem .... 107%: 107s Int Nickel pf... 25% 25% Int P&P of .« 135 135s {Int Ry C Am.. 65'2 65% jInt T&T For.. 2% 2% i 543, 24%: —t37% Sa

182

Yellow Tr

“ 4 Young Sheet

34 543; 243,

Kennecott Kresge

The following

37% : apolis Bond &

5% 29% 182

h V Coal pf . uous Ign,

oft, ThE ....... indicate the approximate

recent transactions. . Svocks Agents Finance Co. Inc., com Agents Finance Co. Inc.. p Belt RR & Stk Yds com Belt RR & Stk yds ofd ..

1'2 aa 287s 243,

Maracaibo Ex ..

102% 31 1034 3 Hook Drug Inc

sy ErE ie

. 32% Ind Asso Tel

55%

157 aq”

a f

Steel

Y Central

W pf

{+++ +4; Fee

N Ind Pub Serv 77 pfd Progress Laundry com Pub Serv Co of

hg -

So Ind G&L 4.87% pfd Terre Haute Elec nn pid... Juion Title Co co! Camp MULE van Camp Milk com

pot

American Loan 5s 51 American Loan 5s Citizens ig Tel 4%s 61 5s 50

in Co-operation With the Defense Program

AMERICAN NATIONAL BANK

at Indianapolis pennsylvania and Market Streets

WCo eatin

Lake Freeman Ci SAN St., rE, lein and hr =

Assn. Harlan,

panutual TR LR & Deposit

Wainwright st A a am a articles S t Inc.,

Indianapolis: a

address: 1000 shares no par

20.65; Low, 17. 26.45; Low, 18.08.

3 LOCAL ISSUES uotations by do not sent actual price of offerings, but merely market based on buying and selling quotations of

3 15 Ve ) . |Home T & T F Wayne g% ve, 41 . Co ptd

nd 67 pid... Pub Serv Co of Ind 7% pfd...1

weeeess I

Inc., 183 no capital Hen

Citizens Trust Co., Jeffer: - ment of Sartioles of Pre: WEIenS

Co.. articles of incor-

incorpo: . New Yor oo corporato Indiana to ELE

rgaurance ageno

$150,000; Eli Lilly & Co. $36,000;

DOW-JONES STOCK AVERAGES 80 INDUSTRIALS —0.40 41.26 -—0.30 —9.36 133.59; Low, 115.30, RIN

28.88 29.22 2.95 26.33

—0.11 |

29.75; Low, 26.54. Low, 22.14.

31.

3 1g 12 ls 1s |

15 Al

2 3

the Indianre-

tevel

Bid T%

Ask 8 LL 17% 101% 17

53 107%

—1.50 |

| Kansas Power & Light Co, souri Power & Light Co. and the

» | company,

association president, presided. R

active cases.

DISSOLUTION OF BIG

WILMINGTON, Del, May 13 (U. P.).—A major step in the integration of the North American Co.’s widespread utility system will be taken here on June 4, when stock‘holders of the subsidiary North

—0.13| American Light & Power Co. meet +0.49 | to vote on formal dissolution of | Cutter i GOmEeR LL

{their company. Approval of the dissolution proposal recommended by the board of directors was regarded as a formality, since the parent North American Co., which owns more than two-thirds of the voting stock in North American Power & Light,

vote for the proposal. North American Power & Light is

. one of the major sub-holding com-

panies in the North American Co. system, and its principal operating

(now on the auction block), Mis-

|Gas Co.

Illinois-Iowa Power & Light Co. Dissolution of the sub-holding Allen Van Wyck, president of N. A. L. P, explained, will have no effect on continuation of business of the subsidiaries as now * |constituted.

MERCHANTS ELECT THREE DIRECTORS

The Merchants’ Association of|* Indianapolis elected three new di- | {rectors at its annual dinner meet- | ing at the Rroadmoor Country Club last night.

UTILITY IS ASSURED

properties include Northern Natural |

{15 to 25 cents higher;

| 1300- 1500 pounds {| Medium — | 750-1100 pounds 1100-1300 pounds mmon-750-1100 pounds

Steers, Heifers

Chol 500- 750 pounds

a [email protected] 500- 750 pounds

[email protected]

Cholce— 750- 900 pounds ood750- 900 pounds Medium - 500- 900 pounds | Common-— | Canner

cesunn vee [email protected] 10.25@ 10.75 8.00@ 9.00 5.25@ 6.25

teresa tannn

Srses asa

Medium

Sausage— Good Medium

already has indicated that it will con

Feeder and Stocker Cattle Steers (Receipts, 694) Steers

Chot 500+ $00 pounds 800-1050 pounds Good - 500- 800 pounds | 800-1050 pounds Medium— 500-1000 pounds Common500- 900 pounds Calves (steers) Good and choice— 500 pounds down Medium — 500 pounds down

[email protected] 10.25@11 25

[email protected] [email protected]

8.75@ 9.50 1.75@ 8.75

Tessas enns

“eterna

[email protected]

[email protected] C (heifers) Good and choice— . Soe Sounds down

[email protected]

500 Sounds down [email protected] SHEEP, LAMBS (Receipts, 792)

Lambs (Shorn Good and choice. ) Medium and good

Ewes (wooled Good and choice 3

2, Common and medium. a

2.00@ 4.00

CHICAGO LIVESTOCK

Hogs—Receipts, 10,500; active; generally weights above 240 Ibs. up most; good and choice 180-230-1b. weights, $8.80 9; top, $9 freely for weights as heavy as 250 Ibs.: sows mostly 25 cents higher: good 400- 500-1b. weights, $8.25@ 8.50; lighter weights above.

They were Louis Strashun, president of the Rost Jewelry Co.; Les-| ter Greengard, manager of Mor- | rison’s Inc, and Stanley W.| Shipnes, manager of the Sears, | Roebuck & Co. store here, S.- K. Ratcliffe, noted London | editor, spoke. on “Britain Now— | Government Industry and Retail] Business.” A. K. Scheidenhelm,

OTHER LIVESTOCK

WAYNE, May (0. —Ho 0 «to 25 Vo FR 200 wo

530-560

gn bs.. 1bs.. 1bs.

fed

vy 50: @11; clipped lambs, $8. [email protected]

13 (U. P.).—Ho 160-200 lbs. $8. 0a 250-325 1bs., rou hs, $8.25 s, $l0@

LAFAYETTE, May 20 to 30 cents higher: 8.90; Lg Ibs., $8.70@9; $8.40@ 8.60: pigs $8.25 down: gown. Calves, $10.50@ 11.50. Lambs

CINCINNATI, May 12 (U. P.).—Hogs— Receipts, 4000; market active, generally 20 op. $9.10 for good and s.: 240- 300 Ibs., $8.90; 260350 . $8.55; 160-180 RS 140-160 1Ibs., most goo packing sows, $7.25@ 17.75. Cattle—Receipts, 500; calves, 550; supply small, few sales, steady: steers grating common to medium, [email protected]; part loa 00d $8.25; occasional heifers, $950 load 590-1b. weights, $10.7 To we $7.50; cutter and common COWS,

50@ 7.25; stron weight canners, $5.75@6. 50. Rl . bulls, $8.75; vealers active and stea ood and

hice, $11.50; common to Vine um, $9@

Sheep—Receipts. 200; spring lambs abot steady: good to choice, $12 down: part deck choice closely sorted 63-70 lbs. to small killers, $12.50: bulk of run, common

ood, @11.50; scattered common to

arl Brand-

New Al-

Noblesville: ration

value:

wipite lambs, $7@8; few medium lambs, $10; sheep about y, medium and “ood shorn slaughter

ewes, [email protected].

FOREIGN EXCHANGE

‘| $11.25@ 11.50; - Shippers, $9.

5. Ne? ‘quotable

Cattle—Receipts, 6000; calves, 1500; fairly active trade on yearlings and light steers; good to choice yearlings, 10 to 15 cents higher and others steady to strong with more or less peddling market on 1300-1550-1b. steers; some of these held from yesterday brought slightly i | prices than vesterday's late bid; competition on steers scaling 1200-1b, ward unless strictly choice, fow ever, good to choice yearlings fairly well cleaned up at $10.50@12; best, $12.25: few loads weighty steers, $10@11: some medium weights held around $12; medium grade, [email protected], these scaling 110 lbs. down: stock cattle steady; good to choice southwest fed yearlings and light stockers, [email protected]; heifers 10 to 15 cents higher; best, $11.25; cows, bulls and vealers July steady; weighty sausage bulls, $8.50 d vealers, $12.50 down: light offerings, $106 11.50; cows and heifers scarce. Sheep—Receipts, 4000; late yesterday; fed lambs active, strong to 25 cents higher; bulk 81-90-1b. wooled Westerns, choice kinds absent; 110-1b. 75; Southwestern spring lambs, shorn ewes, $5.25 down; wooled up to $7.25. Today's trade—lamb trade fairly active, steady to strong bulk 85-94-1bs. fed wooled Westerns, $11.40@ 11.50; most early sales shorn offerings, $9.90@10; few head 49-1b. native chon. amb, $11.50; nothing ere shorn ewes quoted $5.25 down. 9

{MHI Dealers Hutual

FIRE-CASUALTY AUTOMOBILE ASN Ho BLP NS

choice steady at

NEW YORK, May 13 (U. P.).—Following are noon cable rates on major currencies: Cable Rates Net Chg.

England (pound) . Canada (dellar) *France (franc) Italy (lira) Cuba (peso) ........» Finland (markka) ... Switzerland (frane) Sweden (krona) apan (ven) Mexico (peso

INSURANCE for Careful Property Owners

at Substantial Sav ings

Wa. 2456

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Diamonds, Watches, Musical Instruments, Cameras, AC Shotguns, Ete. K) *SWELRY O co. Ine. AG ST.

Morgan, Stanley & Co. and Dillon, Read & Co. will head the group of 17 underwriters which will handle issuance of this stock, the first public offering of American Viscose securities. The decision to permit public ownership of American Viscose was made following the purchase of the formerly British-owned firm by a group of American bankers with an initial payment of about $36,000,000. The company, formerly a subsidiary of the huge British textile firm of Courtland’s, Ltd., was sold by the British Treasury to obtain dollar exchange for use in financing the war. No decision as to a public offering price for the common and preferred stock has yet been made. The preferred stock is to be redeemable at the corporation option after at least 30 days’ notice at $115 per share, plus accrued dividends. Public offering of the stock is expected about May 27 or 28.

DAILY PRICE INDEX

NEW YORK, May 13 (U. P.).— Dun & Bradstreet’s daily weighted

price index of 30 hasic commodities:

compiled for United Press (1930-32 average equals 100): Yesterday esssvessscsseesese 13303 WEEK ABO uesessssrecrseese 131.89 Month AS0 sueeeesssesceeesss 129.64 Year ASO sisssscsresseness 11044 1941 High (May 10).....e... 133.26 1941 Low (Feb. 1M) .veeeeeees 123.03

BUSINESS AT A GLANCE

New York City Omnibus Corp. and subsidiaries March quarter net income $323,363 vs. $515,895 year

ago. Victor Chemical Works March quarter net profit $318,216 equal to

RATE BOOSTS GRAINS

CHICAGO, May 13 (U. P). Grain futures on the Board of Trade advanced sharply in a. broad trade today. At the high point wheat and soy beans were up more than 2 cents a bushel. The upturn attracted profit-taking sales and a mild reaction from best levels. At the end of the first hour, wheat, was up 1% to 1% cents May 963c, Corn was up 2 lo 11% cents; 1 unchanged to up 4 cent; rye up 3 to 1 cent, and soy beans up 1% to 2% cents. Approval of an 85 per cent of parity loan by the House-Senate committee and strength in other commodities inspired general buying of wheat futures at the outset.

—

UNION TO BUY BONDS

PITTSBURGH, May 13 (U. P.).— President Elmer Trapp of Local 1843 of the Steel Workers Organizing Committee (C, I. O.) announced today that the local union would invest all available union funds in national defense bonds.

LOCAL PRODUCE

Heavy breed Solored hens, 16c; No. 2 colored hens, 12¢; Leghorn hens, 12c; No. 2 Leghorn hens, 8c; springers, 3 Ibs. and over, 18c¢c; No. 2 springers, 15¢; White and Barred Rocks, 18c; colored breeds, 19¢c; cocks, Tc. Eggs—18¢. Butter—No. 1, 37@ SIC 36c; butterfat, No. i (Farm pickup pies Sey by Wadley Co.).

FOOD PRICES

CHICAGO, May 13 (U. P.) pples— Michigan Jonathans, bu., [email protected] 3 ae toes—Mexican, lugs, $2@3. Spinach—Illie nois, bu., 75@90c. Caulifiower—California, crates, [email protected]. Carrots — California, crates, [email protected]. Lettuce — California, crates, $2.50@3. Sweet Potatoes—Tennes-

No. 2, 35:@ No. 30c. the

46 cents a share vs. $226,990 or 32 cents year ago.

see, bu., [email protected]. Onions {5% I. sacks) — Michigan Yellows, [email protected] Texas Yellows, [email protected].

I Tor Ol Oscar’ ’s a And extra-low-priced!

Frankfo &

NOW ONLY '1.207(°2.35

We crossed Mr. Flash E. Guy off our list

TT" FELLOW who always likes to

high prices for everything, re. of what he gets for his

monzy, won't be interested in Old Oscar peal is to folks who want super-value—a whiskey that’s extra-smooth. ..extra-mellow, Just try Old Oscar Pepper—you'

thank us for telling you bo it! Distsllerses, I Inc., Loussville

Old Oscar Pepper BRAND

Portraits of People who don't pick Old Oscar Pepper

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