Indianapolis Times, Indianapolis, Marion County, 17 May 1941 — Page 9

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Sy UNITED PRESS

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PRON iii) BI SINE qr ho High ECONOMIC WAR? i) i ry Abbott Lab .... 48 48 48 ; s12% 12% 12 There Are 30,000 Persons in the SR JARRE BEBE Sf : : ; There Is No One Bureau for (Ri"of3h ww 12 1% 1 Indianapolis Area Hunting Jobs Ba AlCppfxw.. 84 84 'Sa # It But Policy Has Been Allis-Chal .... D 28% 25% 25% By ROGER BUDROW ns ; Am ACD... 8 3 kid Ind Leaning That Way. |amcas jt 1% 1 THERE ARE '30,000| PERSONS living in Indianapolis Ihe SVE Am Ch s anise, go 88 and in the seven counties adjoining Marion County who are Regi mir dh © |Amg rE 1 ot 18 it 15 still, hunting jobs. Of these roughly 2000 have jobs now WASHINGTON, May 17.—The(An Mela" Hl iff Hi : 1 ine ; next co-ordinating of the co-ordina-|4m a . ; 3 and the remainder are un mployed. About 40 per cent are a aod of ofan PELL. 4 4 e i women. nomic defense, but that form of de-|42 Boll M _;- 8% 8 6 These facts were bro ght out in a survey by the local Jense canfio} he Longue Am Seatini ah Hh office of the State Employment Security Division. The other|agency, total war being what it is.|Am Snuff ..: 30 2 i side of the story is this:| Jobs are going begging because|The apparatus of economic warfare Am Sugar... 13% 18% 18 : ’ : Co : is now too large and widely scattered | Am Type F.. i av, 4% there aren't enough skilled workers, particularly. in the|sor that. Am Water W.. 414 4 7 47 - : itv i i i Britain has a ministry of econdue Am Woolen ‘pf 55% 55% 55% metal trades. There is a scarcity in domestic help and in warfare, but the American substi-| Am Sine ore 4 3% - 2% farm hands, also. tute, so far, is a vein of policy rather| armour m’".... 1 4 i About a year ago, just before the - than a bureau or an administration. Nv Chis Ly 6% 6% defense program was started, the . This policy has been shaping itself iy o.-... He at Bw local employment office had arpund : gradually for the last two years|atchison of... 66. 66 66 50,000 persons on its “job-seeking along lines largely new to the hith-|4tl © Line... Nu XN d * files. Today's 30, erto easy-going Western world. Atl Refining... 28% 33% 23% 000 probably rep- Economic warfare consists of the|va$,CorR o-- 332 23% 34 resents a higher ARE NCH ANGED use of the money power abroad for Be percentage of the the purposes of the national inter-|g.i1q4 1.0co ct... 13 20 job hunters| be- est rather than profit making. It|Balt & Ohio... : 3 3 Wm cause of the big ; : jules some jo Perialiam, ba Day Barker Br i.e : 30, 8, 30, drive staged re- i «Word has an ugly sound. I o|Barhsdall__... 20 32 in cently 4 get Top Here Remains at $9.15; international relations what cut- Bendix awn. $i 3 33% them to register| i throat competition is ta business.| gen n%roan of 55 55 for work. 1500 Porkers Arrive Its sole aim is to make friends and Best & Co... ahh 2% 21% i - damage enemies. - SH 7 Goipioy Highs ote At Stockyards. a tmaiita) committee Boeinx a £4 13 12% lieve that many HOG PRICE RANGE for economic defense could begin by| Borg-Warner .. 16% 18% 18% eS of this 30,000 will hooking up more closely the Export-|Bd2pt Brass .. $i a3% 84 Ba be able to obtai Top Beceldts| Import Bank, the Inter-American|Budd Mig of .. 62° 62. 62 Budr S soe to ovtaln 1 $8.75 1,500 Budd Wheel ... 6% 6% 6% Roger Budrow the high - paying, May Iv peipmenieen sired 4503 a Development Commission, the Co-|3 Butler Bros pf. 20% 207, 20% much-needed jobs that are still Ne 18 isin oe 9.00 9.177) Ordinator of Commercial and Cul-|Butte Cop & Z. 3 3 3 open. It’s a case Of the SQUATE DEE |May 16 ....o.oreirirser... 935 10,25: tural: Relations between' the Ameri-|™" ee not fitting the round hole. May 15 ...... ... 905 11935)can Republics, the export controlf ... = =o 15:16 15:16 What is happening is that a “rob- [May 16 .....c.c.ci000000eee. 9.15 8,245| agency, and the commercial attache|calumet & H .. : 8 bing Peter to pay Paul” system is|May 17 ........ceceenennne. 9.15 1,500 SEgshiization of the State Depart- Gapid-Ad bt ila Ho J n Zz. developing. A young man, for in- ‘ : _ | ment. : r Stl .. 26% 28% 26% stance, leaves the garage where he 08 PEjeRs at the Jndianspolis Boycott Could Be Used Gay fT 1H Eo Hu has been working to take a better |stockyar ay were the same as _| Celanese pr pf..118 job at Allison, A farm boy with a |they were yesterday, the top holding| 1° SOWA hen slp ou, With mess. eer lie ai Sn 5 little mechanical experience takes|at $9.10 for good and choice 200 to. ro hutting | Sent Foundry, 1% 1% 1% he Agriculturai|i Other countries, even to shutting|ent Vio 1 Sug. 5 5 5 his job at the garage. And then|210-pound hogs, the Agricultura i hol t Corre Oo 0. 20% 20 29% iob | Marketing Service reported. down on trade with whole nations|Eeme, f Fageo: 241, 24 41; someone else gets the farm job, like Japan. It could ask shipping|Ches & Ohio.... 34% 34% 34% bably someone who hasn't had| The marketing service estimated Chic E Tl ..... 17 “ur ip probably som firms to quit dealing with blacklisted ; work up until now. 100 salable ie. Were redeived, 50 houses in return for continuing to nade ashton $2 NW: This shifting from job to job is calves an i receive fuel supplies and other|Shiysler ....... 58/4 58, 83, increasing in all types of work, as HOGS | favors. It could purchase commodi-|Climax Moly Co 34% 38% 39% demand from defense industries : Bit i ties to keep them away from -Axis|Sluctt Peab si 134 a ha here increases. The Employment| ip, 14 pounds ere: os 7.85@ 8.60] or other unfriendly nations, as Eng-|Colgate-P-P 13 13 Service office figures 30 per cent of | 140- 160 pounds ..i.......... 336 895|land did for a time in the Balkans, go Eroadest A 1% 15% those coming into its office seeking| jg : 3936 9.10|and aim at the diversion of neutrals’ Col Pictures pf 83. 2h 3, Jobs now already have work but| 200- 220 pount 9.000 9.15| trade in the interests of the United| Som fae mr.) 2859 385 2814 are hunting better jobs. 240- 270 pounds ....... :..ll. 885@ 9.00| States and the British Empire. Com Solvents . ‘9% "974 9% * » = 0- 330 bounds o:::l1llll §70@ ag0| It could buy to create scarcities in| Comw & So Bi. 53% Sa 53% ADDITIONAL POWER for Indi-|Mogiupy. POURS weerrroeeees .870@ 8.75) one direction, sell and dump to com-| SOW SEUOR - 22 33, 32, : i i 60- 180 pounds ............ 3.109 8.80 Pete in another. It could provide al-|Cons Cig pr pf. 92% 982% 92% anapolis has the go-sign from de- Pp Seria wiisnsns t ti kets for th oducts| Gons Ds. oh en “en fense officials in Washington. To Packing Sows ernative marke or € proquc Cons pra) >> 18 11% get’ its $1,300,000 boiler built for the| 30 300 pounds o............ 8.65@ 8.75|0f hard-pressed neutrals, or ‘use|Cons Edison pf 99 8 Harding St. station. the Indian-, 299- 330 pounds .........000. dea 8.70 | markets to pfomote alliances. cons SN 20% oe 20% apolis Power & Light Co. needed |Good—r. Pounds wwreseeerreye 850@ 8.83) Such an agency would be the fi-|Cont Bak A .0 13% 13% 13% six priority permits for various ma-| 360- 400 pounds ............. 8.35@ 8.55 nancial vehicle for hemispheric co- ont Bok bt ine ere ot terials. All six of the applications| 430- 800 bounds «-ei:niiiiint 3338 §:39| operation. It could make a start on|Cont Ins ...... in “iv 17h made by ‘Vice President Dan Hess | “ef!'5} d 7.10@ 1.95| Eresident Roosevelt's elaborate car-| Gont Of Del's: 21% 21% 21% have .been grant 250-500 DO err nin” tel plan for the Americas, of which|Cont Steel .... 165% 16% 16% When the hore is hooked up to Medium and Good 2 little has been heard since last sum-|coty Inter ..0. 9% % 9% the new turbo-generator (now ar-| 0-120 pounds eg 100@ 7.85) npr, Cream ‘Wit... 18%; 180 | 10% i i CATT Regulate Imports * a a | ga riving piece-meal from General 8 po! Crown Cork .. 21% LY 21% Electric in Schenectady, N. Y.)|Slaughter Cattle & orers (Reoelpts, 100) pogsoiation would be needed to Srown, Zeller Dds me se enough elesiviciiy can he generated, CIRO P00 DOURAS .otverenness [email protected]| €MPOWer the President to make re- re BoM 1% just from the new gover lo , 10] o 900-1160 "bounds Lie. Ti100913.00 | strictions on imports comparable to|Cub-Am Sug pf 83, 88° 85 Sale, care of a clty as Dlg as Evans") iio-isie bounds [oi:ii:.:1! H.00GiLe| those now made through Brig. Gen.| guia Br [Ill 34 8 3% e. 2% soils TBE Russell L. Maxwell's i Sool Cutler-Ham .. AG 15% 15% “¢ : . ds ooeeeieiiiiil [email protected]| administration. Regulation of im- eine THE GOVERNMENT has re-| 30071300 Boni «oooeisoneys [email protected]| ports could be placed in the same Bevison Ck ruil nit mi quested that automobile production 1300-1500 pounds ....iieiieies 9T@IL00| goon eo and used for such obvious|Desre & Co o.. 21+ 20% 31 be cut down 20 per cent to make | 50-1100 pounds ............. [email protected]| purposes as the control of silk pur- Deere ns wo 2% 91 7h room for defense work. But it 1100-1300 pounds Sesser ve nnn 8.75@ 9.75| chases from Japan. Det Edison... 2 5 20% 200 really is a 30 per cent SUL from the) S000 pounds ........eeees 8.00@ 8.75] By an extension of export control| Dist % ean 137 13° 134 speed the factories are working now, Steers. Heifers the agency for economic warfare|Dist S pf ww.. 70 nH 4 President C. E. Wilson of Ge geal Chot : 2 Motors. points out. That is be S00. %50 pounds . 11.m013.00( could stop the shipment of vege- Doug Ars - er Ho 140% 190% 20 ated ome pounds _........ee 10.25@1100 table oils from the Philippines t0|Dukues L bf i115 115 115 per ten. was bas g eifers Japan. Some coconut oil and —E— production from August last year t0).cp, : glycerine are: believed to be getting |East AL ...... 24 243 24% August this year. But last summer soc 900 pounds ....... cesses [email protected] 2 Germany by. Way of Japan and |Eost Kodak ...12804 125% 128% and fall not so many cars were be- JTo0- 900 pounds .......eeesr. [email protected]| Soviet Russia. Elec SCE Ll 2 28% 2 a Toe een SE eee wee essen 8 8 8 Ing turned out as 2% "580-"5%0 1 pounds eessesesssses [email protected] R. F. C.’s Money cae —— 8 = : 7 -. | Fajr. The-of .. 39 39 39 500- 900 pounds ....... verses 8.000 9.00 , : ODDS AND ENDS: Another N. Pou Hil . A powerful weapon in economic|Fa r Morse... %, Dn ¥. Stock Exchange official will join| $008, nr xonrimrreeees -ee... 800@ 8.50 warfare would be the use of the pro-| perro’ nam". 13% 12% 13% Gutter and comiion 1111111 30g 773| posed increase in the lending powers| Eid Eben 3 31 the military—Charles B. Harding and c¢ Firestone T ... 15% 15% 15 who retires as board chairman|C8RneT -:oooooee Bune 5.50@ 6.50 of the R. F. C. and their use in|First N strs'.. 32tc 32% 32%; Monday, will become a leutenant in (Yeariings excluded) financing defense work in Central Foster, Wheel -- 133 13 133 the Navy Strikes cut auto pro- | 555 we... 8.25@ 8.75|30nd South America, if not Green- : Gr duction to 127,255 cars and trucks|Sausage— ~~ a land and points east. Ger wd Ind pf 6% 6% 6% this week, according to Ward's Re-| fied": 111001110 118 833| The R. F. Cs first speculation of| gen AR TF == 872 1802 142i ports. . . . The Japanese say severe Cuter and ‘common......... 7.25@ 7.75| that sort may be the financing of a Gen Gabe’ pt. 81% 81% 81% frosts this week have seriously dam-| Good and cholce.....--+...... [email protected]| DEW ir line to serve both Latin| GR RU -: 3570 353; 35% aged silk production, wiping out|Common and medium ........ 380aiiod 0| America and the Caribbean, employ-| Gen E A... Y% Ya Ya mulberry crops in three provinces. a aet an Ee aaans. i he 0|ing Government capital in the same Sen PIANOIS +e 37% 3A 3714 Du Pont reports. more than ye Rens 50) manner the Reich has subsidized| Gen Pub ee Va % sor 5,000,000 gallons of paint, mostly Sor German lines in South America. The| Gen St C »f.. 88% 83, ~~ 2% yellow and white, are Row used for| Choice- Export-Import Bank has-been mak-| Gillette 8 R .. 3% 20a 2h marking highways. . . . Cadillac is| 300-380 Bounds --::o:onieet 102381133 | ing loans for some time to projects| Goeqnch’® i: 134; 13° 13% making 1000 engines for Australian | Good— of importance in hemispheric de-| Goodyear ee 16% 18% 16% tanks by hooking three of its regu-| 300-30 BSuRds -:ooeeeni: 32081073 fense, such as the financing of the|SPoRYeRw R085 3° 39° lar Cadillac V-8 150-horsepower “Sacto bounds 2.75@ 9.50 steel plant about to be built in Bra- a Norsh fon 24 31% 2a engines into one transmission. . . . w 14ieasssecees 1 901 2i1, Gt West Sug 23% 23% Sop work’s Public Service Commis- 00-500 900 DOUNAS ...eeeo..e.es 1.750 8.75 bt Grumman Air E i244 1% 12% sion created news when it cOMPli-|G oq ana chores (steers) BUSINESS AT A GLANCE uant Sug .... fe a mented two utilities for ii po S50 po pounds down............ [email protected] \ Hall Print .... i3 13 13 th the Commission” in ad-| "5050" Sounds down ........... [email protected] \ Hayes vue 2 2. oe their books and accounts to 500 pounds down - ineifersy . "@11-00| Air Associates, Inc, six months Hecker Prod .. 6% 6% 64 > Good and choice— ended March 31 net profit after|Homestake .... 3 practices o. k.’d by the Commission. | “370 an, vee... [email protected] : Houston Oil.. i 4Y, Ya Labor Department's monthly sur- BoE INES. GOW: sore resod . “| Federal income and excess profits| Hu Bay M & 'S 1 % 16 16 or oy prices is supposed to in-| 500 pounds down ............ [email protected] | taxes $175,620 equal to $1.39 a com-| Hupp Motor .. % kh % bt the nation’s 20 largest cities SHEEP, LAMBS (Receipts, 0) ig share vs. $123,593 or $1.14 year Il Central Gos 4 J i: but does not include Indianapolis. Lambs (Shorn) . fispiration op .% EA EA Indianapolis was 21st largest in the|{iood and enoice.............. 118 930! American Bosch Corp. March |Int Ag pr pf ‘a HR : . 1930 Census, moved up to 20th, re-|Common ..... ............... 6.50@ 7.50| quarter net profit after Federal in-|In Bie 1 10s You placing Seattle, Wash., in the 1940(, . . Ewes (wooled) @ 4.50/come taxes $194,431 equal to 28 cents| Int M Marine. 6% 6% 6% Census. Seattle, however, ii Tos Common and medium... rans ... 3.00@ 4.005 share vs. $170,751 or 24 cents year 1ot E a t o 2 3 i & Ne af mains in the Labor Departmen ago. {Int ot.. 641s survey list. CHICAGO LIVESTOCK| Briggs: Manufacturing Co. and| iid Fc Coa bt. “a3 138% 133% Hoptmhipselpts, \600: nominally. Fishy: subsidiaries March quarter net OBOE the jp iv ogs--Riceipt no fit after Federal income ohns-M pf ... ice hogs h pro. FOREIGN GOLD Te Sa (ota i 5.15, me oe $1,816,443 equal to 92 cents a share Ha Em “5% | 15% week-—Hogs worked 35 to 50 sl higher, vs. $2,395 202 or $1.21 year ago Celsey- hayes A 130 3 » dv. oarhing $9.20 and the average cost s B,000, . ig i 30 33 35 ing $9 heavy butchers gained most;| Columbian Carbon Co. and sub-|grot&e S ---- 33/2 20/8 24.72 BEING SENT T0 U, S so-ast. Ib. ama $06 LY Rr sidiaries March quarter net profit le 1 vi sows, $8.35@8. : $1,082,336 equal to $203 a share Vs./Leh V Coal . J % % ' WASHINGTON, May 17 (U. P.). Cie Recsipis, 100: ca DS one. For $1,018,639 or $1.90 year ago. 1 a BE Cn a 2 a —The movement of foreign gold |25 cents higher; largely steer and heifer] Greyhound Corp. and subsidiaries| Lehn & Fink . . 12% 12% 12% into the United States has dropped | Fi, be Be) ad: mostly 30.25 @ 11.95 “steor| March quarter net . income after| BiG WOR" 1, “3% 8% bi in recent months to the small trade; little above $12; few heavies beat-| Federal income taxes $502,148 equal Lig Car arb ait sos Bh 2) - amounts of gold mined abroad, the ing $11. .75; practical top yearlings, $13.25, to 17 cents a common share vs. Loakhs d Alrortt 3 x " 20 Ho e specialities scaling 1180 lbs. at $14. 50 : ~ a Federal Reserve reported today in|ho criterion general trade; 1,488-Ib. West- [$249,770 or 8 cents year ago. Loft, Tne... is 1s 18% its mo bulletin. Se ei Fough International Products Corp. |torillard. ...... 15% 18% 1s% The bulletin said Ihe Soiraon. fat 1305 Ibs, at $10; Hosts below $0; March quarter met profit after Fed-|Lou G& . Wx 0 20 dinary gold movement of recent jtheral run fed heifers e3t ooo. | eral income taxes $100,509 vs. $99,- oe years was at an end “until the oily i Fig hy I early; (192 year ago. Magmd ue D2 Mn un disposition of the great gold hold- Sows closed Jherely steady. ls strong,| Worthington Pump & Machinery Marine > an 4 av, gs of ie Egopseh continent is © Sheep—Recei pis, : Foi _Week—Fat Corp. and domestic = subsidiaries | Martin: od 347 i ar finally deter ed.” ambs were 25 to cents lower; slaughteér| parch quarter net profit after Fed-| Martin Parry . 7% Te TY ; Sal Suen, Snel determination, Sulifornie ‘spring. jambs. “Hoa ‘Deck |eral income taxes but before excess pastes i 8 iy i - nae- C. United States welll be Sargely lim- tive rinaors scarce. seatrered lots, % so| profits taxes $700,192 vs. $552,805 E & Rob idl 3% 3% 0Wh; 81-92-1b. fed wooled Erb, $10. 65@ | year ago. M °K & Ro of. 291, 29 30% ited to, current gold production |11.40 medium to sood Sb . weights late| Columbia Broadcasting System,|M ay St 8% Ri 2 abroad. at $0.35; 8 @0.65, tow loads, $9.15@10 a¢|Inc. and subsidiaries 53 weeks ended| Miami Cop ... 19% 1° 3% SEE, hi ET mii So March 20 net profit after Federal Mien, Shy (16) 1p 1 i $5 dow income taxes and excess profits taxes| Monsanto pf A:115 = 115 115 Incorferations Marites. et ; : sv $5,309,673 equal to $3.09 on class “A”|}Mont Ward ... 30% 33 3 City Laundiy, 00. oancle, ~snange of h) and “B” stock; for year ended Dec.[Mullins M B'.. 3 3 3 re ue, STE OTHER LIVESTOCK 33 1040, net’ profit $5.006633 or Psingwess .- ts th; iw Home Publishing Co., Inc. er, change CINCINNATI, May 17 (U. P.).—Hogs—|$2.91 —i— : Shon. Ind, and chang aus Ha Irie {3,004 head about Steads| Federal Light & Traction Co. and |Nash-Eelv ..... 3% 3% au L. Erb, 8500 Oakwood St., Munster. 94d n 185-1b. weights, at $8.50. Cattle— subsidiaries 12 months ended March | Nat Biaogie " 15% 18 15% a 31 net income SL squat tol Uti Son HE TE Brera without par valde, to a ‘and sell FAYETTE, May 17 (U. Ela 5500: $1.85 a common share vs. $1,661,005 Nat cease 18 12 127 Goal} vert. Pound, Raloh Wolfs, Renuia BE Sr Sing 30: Gaon og "bs. 286 s 0G3| Or $2.66 preceding 12 months. Nat Din ©. 3° 18% 18 # 10: Dis, $8.25 ow: rougns. $8.35 $Gown. Montgomery Ward & Co. quarter|Nat Gypsum ... 6 8 [4 Alley, Inc, LaPor he Bowlin foe. ho Line awe Id Fort! Calver 2310306 1150, lambs. $106110.50 ended April 30 net profit after Fed- Nat Lead... 3 i i ys, and ; -| FT. WAYNE, May 17 (U. P.).—Hogs—| eral income taxes $3,473,490 equal to go ther amusement _enter- : 92 Luly Nat 8 ieee 38 58 58 Fit io PRE SE fd 2 S00 MSI coy common share vin 8 $000 8, 8, s., $8.85; -2 t cee 28% 42 24 Rushville Saddle Club, Inc., 917 N. Har-| ibs, ; 280- ., $8. To ple i i Saultal Sth 10) ode yi, 300 Jb, sds; 300: %s.50;| Noranda Mines, Ltd. March quar-|Newport ind ".. ‘8 3 3 promote Interest in saddle horses. horse- 140-150 Ibs., $8.25; wh Ibe. $8; 100-130 ter estimated net profit after income|N ¥ ¢ & st I.” 1% 13 14 owen strymple. Madge. Johannsen, calves $13; ted Western’ lambs. $10.15 | taxes $2334373 equal to $104 aly TEESLLDI RW 3% Rj Olive Marle Miller. ' cu, Te. g|11: clipped lambs, $8.75@9. a; spring| share vs. $2,490,610 or $1.11 year ago.|N ¥ Rest an 18 wif | South Ho Bt. ho" capital “Stock: lambs, $11. ; Pacific Western Oil Corp. March|N Amer ....... 133% 1314 12 Joel Ha erty. S uarter net 1 6,527 vs. net profit|N Amer 5% pf. 53 Perman Teonrd Corp., Ohio corpora- FOOD PRICES 961.240 oo yan a share year N Amer $5 8 8 13 sas Jo ‘Indiana, , Jo engage in ap Norwalk T .... ‘1% 1% ‘1 SL |. CHICAGO, May 17 (U. P.).—Apples ; i : : H. W. cor-| Michigan, Jonathans, Bu. adil @1.10. Toma-| Rheem Manufacturing Co. March el wh Rees ET Ee toes— exican, Tu & 3 omoinach. quarter net profit after Federal in- Ses, Boy axeeee 18. tw 8, : fornia, crates, LTB G2.25. acrots—cal- | come taxes but before excess profits| Suse eet -:* ¥o 50 ES Fooly tional Misisons of the Evan-| fornia 4 e—Calif, cal and Reformed (Church, a corpora- ag By as. ‘Sweet sotatoes 97 | provision $128,533 equal to 37 cents 3610 Gilford A diana polis: no 30 Sennessee, bu. $ 0013s, Gijon ane i a common share vs, sez or. 56! Pac S88 : i x } 24% G. Lipson, oy Diets. Texas whites, $1.70, Slows, ’ toons year go: Packard i B=

Net DOW-JONES STOCK AVERAGES |. Change. " "30 INDUSTRIALS 3 TOAAY oscccocsesscasccesssss 11811 0.25 -+ # Yesterday .cceccoccesssnssss 115.86 0.13 T+ YaiWeek Ago ...eccceecrinnsess 117.54 11.08 ='% Month AO .ocesoeeness —0.13 + YalVear Ago ..ieviiiisacheesss 122.48 —1.77 = {| ign (se), 135.59; Low, 115.30, eee High (1940), 152.80; Low, 111.84. Th 20 RAILROADS cee |TOABY ..cecececsincccseseocs 2082 —0.12 hid Yesterday ...coceseeccccceee 20.94 40.174 + i Week Ago ...... 29.31 40.30 -=— "7a|Month Ago .... 27.12 —0.03 30 |¥ear Age iv. iain 23.65 —1.16 I {| High (1941), 29.75; Low, "26:54. + i3| High (1940). 32.6%; Low, 22.14. ere 15 UTILITIES + "8 Today ....ocoereneresaeennes 1022 —0.13 4." '3 | Yesterday 17.35 +0.03 I % Week Ago ... 17.41 40.10 Se 3 Month Ago ...... 18.17 +4-0.05 ot Year Ago 19.20 —0.67 4" 'y| High (1941), 20.65; "Low, 17. 31. zy High (1940), 26.45; Low, 18.08. —- Ys +1 4:3 15. MOST ACTIVE STOCKS + Ya : ene Sales Net —% (in 100s) High Low Close Change L... Aviat Corp... 69 2% 2% 2% — % 4- Ys|Sthn Pac .... 53 1% 11% 11% + % i'"1y,|Anaconda .... 53 25% 28 BU + U _— Kennecott .46 35% 34% 35% + 3 + Ye|std Oil NJ... 29 36% 36 36 .... 22""y |Comw & Sthn 25 3 3% % i. Cons Edis: ... 23 18 11% 1% — % + 1, |US Steel ..... 20 53 52% 52% + % ZZ 1,|United Corp.. 17 5 5% 3% .... + iF Gen Elec .... 17 28% 28% 28% .... T..7|Insp Copper.. 15 11 10% 10% + % + 'Ya|United Strs A 14 3% 3% 3% .... 2, Pub Service.. 14 22% 22 22 i — 3, |NY Central... 13 12% 12% 125% + % + z Atchison, ..... 13 213% 21% 27% + 3% ty Stock sales approximated 140,000 .. |shares, the smallest short session Fi % turnover since Feb. 28, when a Uy similar total was recorded, against I 771380,000 last Saturday. Curb stock -— Ya|sales were 38,000 shares, compared mn with 47,000 a week earlier. +1-16 ! Net *- 7 High Low Close Change vane n Am Airway 0% 1330 10% + Ya + Y Da ndle 1% 1% + Ya + % |Paramt Pict .. 111 i 11% 1ll¥Ys .— Va + 3% |Parke Davis .. 26 26 26 — Ya Sas arker st Prf. 18 18 18... Ba darmelee ..... . Y% % Ba Seven + Y Birinsiee svens .. 813% 81 81 — 4% — Ya! Penn Ra . 24 24 24 + Ys ~— 3 |Pere Mat pf. . 3412, 34% 34's + Ya + % | Pere Mat pr pt 5602. 5612 562 + Ya + %|Pet Corp Am 6% 62 8a .... -— Ys | Phelps Dodge. . 28% 29% 28 + — Ya|Phila Co 6 pf.. 42% 42% 42% .... + Ys |Philco Corp ... 8% 8% 8a — Yi sees Phil Morris ... 13% "3% 13% + % --++, | Phil Morris ot. 107% 107% 107% + % ame Ya Philips Pet 41% 41 41Ye + VY, + J2|Ppitts Sc&B_ ... 5% 5% 5% + Y + Y21p its Stl pf.... 48 48 48° +1 cap B 6 6 se ... see 9 9%: .... ase 50Ys — 1 sees 225 29. — 7 + 243, — ee 93% +4 a 4 89% + % —1 38 se. — 51% + % > \ 12 32, tery, + Y |Reading 2 ot... 23 Rp: Tn -— % |Rem Ran 2% % 1% — — % |Republic StI... 17% 11% 11% + ia + Ya Republic Stl pf 100%2 10012 100% — 1s +. Ys [Revere Cop.... 1% 73; 1% aes + Ya vere A Joi... 17% 17% 17172 —1 —1-16 |Reyn Met ...." 1% 11% 1% + % + 1 evn M cu cv p 84%, 84Yy 84Ya — 1; iA Reyn §orne-.. $e Ste 6%. .... EH Reyn Teb B 9 209, 29% + ‘Y Is roid ..... . 15% 15% 15% .... — Yi S L— VY ee ane Saseway 5 or ‘Hi% 1% 11134 .... soe. | St Jos Lead 30%, 31% + % -— Vg 4 — La Sc 93 ¥ 4 0% I 3 eee LL - N T % 5% + T 38 04 1 i.h me To = 13% — % 2% Th + Bi 2% + i i 7 lla 4+ 1 + 3% + % on Be i ive 5814 #0 +'% "sos + 0 3 of b 2% — 3 — {s|std BETH >on in... 41Std 36 cass 47" .... WE Sun 54Va + Yi 3 # 1% — Ya I ’ Swif AY + Ip = isle... + |S 57% — Ys + _Y2|Texas Corp .... 39% | 39% 39% ~— 14 Texas G ae Wh 9% “338 > 7 — YValTex PLT .... 4% 4% 435 + 1, ceee |Texas & P .... 10% 10% 10% — 3% sense omp Pr .... 26 6 — 13% — ¥s|Thomp Star ... * 5% 5% Ys oe nx Timk rR BO. On Bn Bu uy — WT Beri “ $1. ah on : 20th Cent-F ... 5% 5% + iL + oma + 1 {Union Carb .. nh 667% — ¥% =X 11, |Union E M ot. “112 1597 HY .... % | on oil ‘Cal Hn, ou: nu tty, |Un Pac Lo..0ll 30% 80% 80% .... Un Pas pi vee B 81 82 + % sty, |Un Aircraft... 37% 37% 37Y “ ~— Ys |United Corp ... 5 8 5 . — % | United Cp p 21 21s 21% + Y% ovis United Dru IVa 3Vs Ys .... + %|Un Dyewood 11, 1%, 12 — 1 — %|Un BE & PF .... 35 3B. + 4 vw... |United Fruit... 61% 61% 61% .+ 3% “ene Un Gas Imp 1 7 1 + + ¥%|U 8 Hoffman 61% 6 6% — VY, <<ss_ |U 8S Realty 1Y 1Yg 1% + 4 + 7%|U S Rub 21 AY, — VY + %|U S Rub 1 pf 88; 89% — 3 + Y|U S Steel 53 52% 52% 4 %|Br + Y%|U 9 Steel pf. 117% 117% 117% + --+. |Un Stores ALY Ya ceee Sas pe Vanadium .... 23% 23'%a 23% — % Victor Chem 221, 22Y; 22 + % + %|Virginian Ry pf 32 32 33... ait LN Walgreen « 19% 19% 193% — % — Urea a | 4 3, gv iis ||Warner Bros ... 3% 3% 3% .... 2 Warren Br ..... 9-16 9-16 9-16 .... Warren = pf.. 6% 61; 6% .... “ven W Pa 7 pf. ..104% 104'2 104% — 3 + %|W Pa BpE aie 115% 115% 115% .... sees West Md ...... 3 3 — Yi + 1% |West Union ... 23% 22% 22% + ta +1 Westing El .... 88% 87% 88% + 1% «+++. | Whit M:.. 4% 4 4 — Us «eer | Willys Overind.. «Mal 1% 1%... ~~ o | Wilson & Co ... 4% 4% 4%, — Ya = 3 ilson pf ..... 68 68 68 + Ys 3 7 oolworth .... 28 27% 28 Ya — % - 3 LOCAL ISSUES The Iolowing uotations by the Indianwa, apolis Bond & re Co! do not reprex 7 sent price of offerings, but merely : indicate the approximate market level based o! 3 Supt and selling quotations of recent “rans sactions. x ‘vy Stocks Bid Ask — 3 | Agents finance Co. Inc, com. 1% 9 + Y Agents Pinance Co.. Inc.. vfd 20 "a: _: 17 |Belt RR & Stk Yds com..... 55 69 sis Belt RR & Stk d...... 56 ae ive Central Loan: Sor pia 1111: "ade iw =." | Hook Drug imo ress nes. 10° NM +3 Home T & T Py Was e 7% pid 50 63 - = i A Si in Ty, Z 7 |Ind Gen Serv 6% pf .r...:300° .i: 4 + % + ¥% |TIndp Tom 5 Lincoln Nat cose i + © IN N'Ind Pub Serv SR: “3 103 Th N Ind Pub Serv 6 fd. 106 Tai ty 0 - YU Tr Sth + Ya +3 Bonds + % | American Loan §s §1.... I 4 Sto Ina Te or 61 4Ya8 + Consol Fin Ss 2 ET BE ET A ga tu, cans e ayne Gs + & c Tel Co 3%: Indpls P A L 3%s 70 PE way i ies Indpls Water C = Kokomo Water Works ih Muncie Water Wo Xi i pee ot! Ha a + % Nha bub gary JA ie : -—t veeesd0? ~3 |N nd To Sav od ree -— 0! “ae . ; HERNAE 8 on i Trac Term Corp 5s §7 an. Ins +

The CHIC

146 E. WASHINGTON S7

DULL TRADING Government Bonds Lower; War, Labor Worry Market.

NEW YORE. May 17 (U. P.)— The stock mar :et made an irregular advance today in dull trading while bonds were mixed with U. S. Government issues lower. Wheat eased and cotton gained. Opening prices on the Stock Exchange were :feady. Improvement was noted la! ter in many leading issues. However, the steel group was mixed and motors about steady. Several utilities made new lows for the year and the utility average was around the lowest level since 1938. There was little in the news to sway prices, but traders continued perturbed over the foreign situation. Anticipation of heavy demands by railroad labor also ‘was seen as a factor, retarding activity, but railroad shares generally were firm with a considerable volume of trading in Southern Pacific. Steel operations pointed higher for next week's schedules. - Pittsburgh was to start the new week at 100%. peér cent of capacity, up a point from list Monday. The Chicago rate will advance to a record

against 101.5 per cent at the beginning of the ¢ urrent week.

SCHEDULE MEETING ON FOREIGN TRADE

A foreign trade conference will be held at Hotel Severin Wednesday as the local observance of National Foreizn Trade Week. The meeting will be sponsored by ‘the Indianapolis Chamber of Commerce and Indiana »olis Traffic Club. Walter VW. Zachman, assistant general manager of Universal Transcontinental Corp. of Buffalo, will speak atthe luncheon. In the afternoon two films dealing with foreign trade will be shown by the Waterman @ Steamship Corp. of Chicago. Bernerd E. Carlin will lead a discussion of (oreign trade financing and Franklin Johnston, editor of American Ixporter, will speak at the dinner.

Curb Stocks

Net Close Change

Miller & Hart $2 cv pf. 15°

U. €. STATEMENT

WASHINGTON, May 17 (U. P.).—Government exper ses and receipts for the current fiscal year through May 15, compared with a year ago Last Yea

ry

Yea $10,729, 551

Expenses. 7.654.1 296,622, 963 4 Receipts.. 6,150,176,331 08 5012 934,640, 53 283,688,322.8 et De 79 9 03 883,322. 2 Work. Bal ,481,025,866.04 Pub. Debt 47,479,692,169.80 42,760,397. Gold Res. 32,542,769,600.68 18,949.376.592.89 Customs... = 333,163,476.93 306,821,979.54 INDIANAPOLIS CLEARING HOUSE —Today—Clearings ' J..cheecicsieicnaes .. $4,486,000 Debits"... 0.0 an ve. 12,454,000 Cliavings i. TS Week 0% 1000 Debits .....0000 00 lll 65,997,000

u. S. Government Bonds

U. 5. GOVERNMENT BONDS . 'Ereasury Bonds

‘ High Low Cl 3%s 1945 4 teense .106.27 106.27 106.27 3s 1945" seess..110.19 110.19 110.19 3s 55-51 I¢ eeeasess.111,28 111.28 111.28 + '¥ome Owners Loan Bonds 1%s 19445 ........ 102.18 102.18 102.18

ind Refinancing

ih TLL

239 W. WASH ST.

STABLISHED 39 YEARS Statehouse. .

on Everything!

(Jiamonds, Watches, © Wusical Instruments, Cameras, Clothing, Shotguns, Ete.

A Gf JEWELRY

CO, Inc.

high at 102 per cent of capacity,

Milter & Hart Pr pf. 5% 5% Noblitt-Sparks ........ 25% 25% Ye | No W Ut 7 pf . 6Y 6 6 | Stand Oil Ind .....c0. 2958 29% 29% Swift Intl ...... ccesess 18% 18% q U S. Steel eressses-31% 517% 51% Walgreen Co ...ccs00000 1932 19%. 19% Wieboldt Sores cecevse. 6% 6% Zenith Ratio ...cce0... 11 11

New president of the Indiana Gas. Association is F. Bayard Culley of the Southern Indiana Gas:

& Electric Co. at Evansville. C. V.° Sorenson of Hammond was elected vice president at the annual convention at French Lick this week and H. W. Thornburg of Anderson was elected secretary.

WHOLESALERS

Demand Is Early and Heavy, Dun & Bradstreet Reports.

Q NEW YORK, May '17 (U.-P.).— Retail trade this week maintained a wide gain over last year while wholesale activity “continued to ex-

4

usually heavy and early demand for fall merchandise”, Dun & Brad-

street, Inc., reported today. Retail trade’ volume, holding about steady with the previous week, showed an estimated increase over a year ago of 15 to 18 per cent compared with a year-to-year gain of 15 to 20 per cent in the previous week. “Although buying was somewhat more erratic this week, retailers reported, the quickened selling pace of last month was on the whole well maintained,” the trade authority declared.

-

FALL ONE CENT

Wheat Also Closes Lower But Soy Beans Hold Firm at Chicago. | CHICAGO, May 17 (U. P)— (Wheat futures on the Board of 4 Trade trended moderately lower toe {day. Corn lost about 1 cent a bushel under May liquidation. Soy beahs exhibited. independent firmness, \Qther’ grains followed wheat and corn. Wheat closed off % to %c; May, 99%c. ' Corn was unchanged to off 1%c¢; May, T1@71%c; oats off 3s to lc. May, 37%c; rye, unchanged to off %c; May, 50%c, and soy beans up %

BUY FOR FALL:

pand under the impetus of an un-|No.

T0%c; sample Hey ), lc.

4 yellow, (old

93@9%c; No. 91@92c; No. 2

to %c; May, $1.35%c.

69@

“S0@

LOCAL GRAIN

CASH

red, 92@93c; No. hard, 90@91c.

Prev,

Wheat— RANGE / Qpen High 'Low Close Close May..$ .99% $ 997% $ 99% $ .99% $1.00 ily.. .98% 98% 97% 97% .98% July 8s a 8 A iin ept.. .98% .99'%% 98% .98% .99%s 99% Corn— May.. 11% 71% ° .70% a 2 . ‘4 July.. 2% 13% 12% 13% 3 . 8 Sept'. M312 13% 3% 13% M3 : 137% ‘Oats— / May.. 37% 37% 31% 31% 37% tduly. 35% .36 35% = .35%a 36% July. oid x Ca ole Save . *Sept. .35% .35% .35 .35b 3538 35% Rye— May.. .50% .50% .50% - .50% .50 uly. 58.58% ® 58%a 58% *Sept. .58% 594 58's .58'%2b .587% Soy Beans— Yves 13 1304 13% IN% 184 Uly.e . o a : ho 104 oi 133% 13a Oct... 1.2415 27% § . . % + HOt Lae 130W Lard— 3 : May.. 9. 9.60 957 9.57a 9.50 July.. 9.67 = 9.80 9.67 9.72b 9.67 Sept.. 9.85 10.00 9.85 9.92 9.87 Oct... 9.95 10. 07 9.95 10.00 9.95 Dec...10.22 10.22 10.15 10.15 10.12 aAsk; bBid; Wr oa. GRAIN Wheat—No. 2 red, $1.02%; No. 3 hard, $1. 00%: No. 1 yellow, hard, $1.01%; No, 1 mixed, $1. 0% Corn—No. 1 yellow, 73@73%c; No. 2 yele . low, iI No. 3 yellow, 12%. @T72%¢c}

0. 5 yellow (old), 66c; sample gra §

Soy Beans—No. 2 yellow, $1.34%@1.34%¢%

sample grade, yellow, $1 Oats—No. mixed, 37c; No. 1 white, 1 3815c; No. 2 white, 38%c; No. 3 white, 3T@3 Tac: No. 1 im heavy, 38%c; No, white, heavy, 37%c; white, heavy, Selkainc: No. ay heavy, 38c. Rye—No Barley — SA Maltin g. 57@69cn: Jeed, 49@ 55cn; screenings, 3h54cn; No. 1 ma¥ing, 7% No. 3 ma) ting, 87c. Cash Provisions — Lar $9.57; loose, $8.72n: leaf, 39m; bellies, Tt 50m a Asked. Bid. n Nominal.

+1

Wheat—Easy; receipts, 3 cars; No. 1 re 2 ) Lh

" ==Ask to See the “Clifford” WATCH at EASIEST TERMS

12”

THE MODERN CREDIT STORE

129 W. Wash. "Societe BUSINESS EDUCATION

Strong Accounting, = Bookkeeping, Stenographic and Secretarial courses. Day and evening sessions. Lincoln 8337. Fred W. Case, principal.

Central Business College

Pennsylvania & Vermont Sis., Indpls. Architeots and Builders Building

EU] Ll]

REESE YR VFI AYN IA}

LM ARE LT

High Low Cor: rn-—Easy: receipts, 36 cars; No, 2 Aero Sup B .. 5% 5% 5% + %| “Home furnishings continued in|}eliow. S6e@Slic: No. 3 yellow, 612Q 127° 121° — 1% ET . 66'2c; white corn, 5@6c over y ; Amo 4m... 121 37 oy —la strong demand, with ‘lay-away’ pur-| corn, 1@2c under. Am Gas&E | .. 3 BB chases of considerable significance sess aS Be, 33h aaic No. 2 white, Am ita io Bh 13% 325 + ha in some stores. Advance sales of Soy Bearis—Firm; 1 Jr ceipis, 1 250 9 2 Am Sup 1% Ya vs .... |blankets and comforters were fre-| diana No. 2 yell 2 2; Illino Ark N oh A 1 17, 1 = quently reported to be running 25 No. 2 yellow, $1.23%[email protected]%. &E A .. 3-32 3-32 3-32 1-32 g r— Bid Toca 8. 1 4 2 oo per cent above last year’s figures. ” WAGON WHEAT Breeze SoTL. = es y 8 — “s|After an April of active selling, rugs| Up to the close of the Chicago marke$ Brewster €10.; T% 7% T24 vooe ’ Bunker HillsS: 10 10° 10 = 1. |were continuing to move at a bet-|fcvaiors paid 89c per bushel for No. Carib Synd .. 1% 1% .1% .... lter than seasonal rate. Sales of red wheat (other grades ou their merit) Carrier Corp 195 ail wi aid 69c per bushel for shelled new Chi Flex Shatt ads 2% al + 1 appliances held at peak levels. Bd: paid 89¢ 2 white shelled Lilies Serv | v ia 4% ie T i#| “A marked gain in new charge Non; 73c; No. 2 i oats, 33c. Cons G E Balt. sais 5812 58% + Y2iaccounts and in credit sales was a ae Cons Steel . 3 5, 515 .... t ite 1 : Te Creole Bet |..1 18% "18% 16% ¥ ss |Doted quite generally, with most iy Darby Pet ... 6% 6% 6% .... |stores reporting the biggest jump in Re Decca Reo Src 2 $% Su T %|the lower and middle-income i BEARERS B. Bf % bracket” A. ¥ z 2 : s Equit teen. Ya. 3-16 1, +i.1e| In the wholesale division, Dun & WN W ne Ford Can'A |! 10% 10% 10% 1% |Bradstreet said, “New-season de- 7 . 4 : 3 Hecla Min 34 3% 38% © %|mand continued to average one and| pogsible defeat. of Indiana wheat Heyden Sh :igau 9% 49% I lw |two months earlier than usual|marketing quotas in the national Int a Lan si 10% lo% 10% * a ih Giang as Sito Soponied referendum, May 31, Was predicted ones, au 4 1 e above ‘normal’, although i \ Lake Sh 12% 11% 11% — 17°" ’ today by the Indiana Agricultural Tons Src olen 8 WRT was seldom described as over-buy-| conservation Committee. : Mt city Gop | 3% 3% 3% + 1e|ing—partly, it was said, because! pield men reported that war, good Nat Bellas Hess 9% % 3 .... [sellers were making a concerted ef- corn planting weather and high ie 1 19 19% 19% oo [fort to prevent run-away markets”.| wheat prices may defeat the pro=Pantepec Oil V 334 3% 3% + !%| Retail trade this week showed the gram, according to straw votes erode ar 3° 3° §® T "following percentage gains over a|which they took. Phicenlt 3= $s in 0n = 1 year ago by major geographic re- ? pitts Plate . .. 715% 15% 15% — va|gions: New England 16 to 20; East . Puget So 6 of 43% 42% 42% [13 to 18; South 20 to 28; Middle] LOCAL PRODUCE egal Lock .... iz iz oo... West 18 to 25; Northwest 9 to 14; Treaty. breed | Soloreet hens, -16et. No, & id Seeel Lint B35 13% 18% — %|Southwest 10 to 16, and Pacific colored hens. 12¢: Leghorn hens, 1c: No.4 Fageart Le n. A11b 1215 1°18 1-16 Coast 12 to 19. Lesh: 18 SE ite and Un Gas Cp of 115% 1154 115% I 1% Barred Rocks, 18c; coolred breeds, 19¢3 . oe ic Ba > Sef $n a 4% + % FOREIGN EXCHANGE Ee oN oe. 1. 37@37%¢; No. 3 JS5%a 2 Sas Butferfat—No. 1, 32¢; Venezusian Pet 3 3 3 «oe YORK, May 17 (U, P.).—Follow- rE rices Guoted by iho ing ire closing cable fates on major Sar Pf fehcie le Rates Ne g England (pound) ..... $4.03% aii bi Canada (dollar 81% Rs pm Chicago Stocks cafes (eile) 023 +0001 LONG RUN BRAND a. ra csssesseas JMO, °° LL... High Close id & eg) Loos 91%” +.00% MOTOR Cc Abbott Labi. . Low 48 ee W215 LLL " Ame md gy db ada RTE fm OIL, qt. 3 . 2 2 : ee * ’ Bra Pte Br. 3° 3° 4 8) ST WESTERN AUTO Cent Ill PS pf re cesenes 8368 86 86 . STORES . Chgo Corp Ya Choo Towel pf! . 108% Comwlth Ed! sor. 25, Consol Oil 6 Gen Motor 37s Hall Printing 3 Kellogg S B of Libby McN&L 5Y, Mickel Food 4% Mid West Corp ... 4% Mid Un pf “es . 53% Midl Us 6 or lien . u Midl Ut 7 pf A.........

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YOURSELF, Ine.

PHOTO-LITHO and PLANOGRAPH Prints

[OB LOTR Co aL

Indianapolis Blue Print & Lithograph Co.

SAXOPHONE Instruction

P Lesson

1-|

INDIANA MUSIC CO.

115 E. Ohio St.

‘LI. 4088

y

Let Us Wash Your Overalls, Too! . Overall Laundry 2520 E. 12th CH-0294

PROGRESS LAUNDRY has solved the problem of launder-

ing Chenille Bedspreads. MArket 2431.

To Keep Valuables Safe Rent a Safe Deposit Box at

THE

% INDIANA NATIONAL BANK of Indianapolis

NOVELTY SHOES EY] 00, $

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138 E. Washington St.

“mange

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— FORMAL DRESSES A SAFE DEPOSIT For Dill Teams and Ledge BOX Lt LOW COST Work, Sizes 9 to 44. DUR INSURANCE MILLER-WOHL CO. | $3 to $100 a Year SE Vast i-2250 Member E Federal 3 gH cruait : - Securify 1 Trust Co ELINED | Men's arity Truét : EPAIRED [ \ 4nd , = EFITTED omens | TRY A WANT AD IN THE TIMES. LEON Janoswg co. | ~ THEY WILL BRING RESULTS. Mass. Ave. |}