Indianapolis Times, Indianapolis, Marion County, 23 May 1941 — Page 18

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PAGE 18 _

BUSINESS

Qld Streetcar ‘and Woterurtan Track

$s .G

ood Prices for Defense Use

ROGER BUDROW

SEVERAL a AGO IT WOULD HAVE COST|

more money to take up those Ave. than they were worth.

old streetcar tracks-on Central Today those 22 blocks of two-

way - track will cost the steel mills that buy them about

$13,000.

‘This big change in the value of junk rail steel is due, of

course, to the rearmament program.

The Great Lakes ore

boats started earlier than ever this year, breaking through ~ the ice to haul the ore down from the great Mesabi range in Minnesota. Scrap iron and steel prices have gone up and have been frozen by the Government to keep them from

going any higher.

Those rails cost the streetcar com=pany from $35 to $58 a ton when they were laid down. Probably an The oldest “section was laid Today they are worth between $17 and

average price is $50. in 1912.

$18 a ton.

They will have to be melted “over at the steel mills at Gary or or wherever they And because so much of the steel being made .diit is. likely that those rails will shew up as tanks or shells 6r may be as part

Pittsburgh

may go.

2% Buarsw adays goes rectly into the rearmament,

of an airplane factory.

More than a year ago Indianapolis Railways sold those old streetnear The company is supposed to take up two miles of abandoned streetcar track a year but is far ahedd of that

cars - that were stored out Technical High School.

schedule now. The old once webbed Indiana cities gether has been torn up and sold, as have the old interurbans,*

000) came from

other equipment. 2 £3 2

“MADE TO ORDER” is a sales glogan that is on the way out— and fast. Not for suits or other

products the average person might

buy but for such things as boats, bos ears, steel and machine tools— the products big ihdustry buys. AX Th reason is Sneed. Shipbuilders are making alrfiost one type of carge vessel—the kind President - Roosevelt calls “ugly duckling.” Freight car makers are -msking the railroads to bunch their orders in 5000 of just one Kind. Steel mills offer fewer kinds of .steel alloys than formerly and machine

”14-DIAMOND

Any Spring bride will thrill

4 to the loveliness

interurban track that to-

for junk. When Bowman Elder said he was going to pay up in full all the ~ liquidated claims against the Indiana Railroad for which he is receiver, he stated that most of this money. (estimated to be about $300,salvaging the abandoned track, interurbans and

tool builders are trying to get buyers to stick to. one model. ” » ”

STEEL CORPORATION -presidents met in New York yesterday to talk over their business. . The highlights: About 80 million tons of steel will be made this year. The industry is‘ operating -at 100 per cent of capacity. U. S. Steel Corp. alone turns out more than Germany. They claim there is no shortage in steel but say orders for certain kinds are jammed in pretty tight. They don’t want the Government to build any new steel mills or regulate their business any more than now—but won’t be surprised if both happen.

Lenn

ODDS AND ENDS: Canada turned out’ its first heavy tank yesterday. . . . American Export Airlines expects to begin its transAtlantic air service by the end of summer. Chairman Philip D. Reed of General Electric believes the . rearmament . program will last, not a few months, but five |P years or more and tells manufacturers to plan accordingly. Argentina is supplying about 85 per cent of the cheese imported into U. S. now, supplanting what Europe used tc sell us. One broker figures it cost Julius Caesar’s legions about 75 cents to kill an enemy; it cost $15,000 in World War I and today the cost is $60,000. . . . Latest compilation of defense contracts shows Indiana has fallen from third place to 12th place now, and has had nearly $436,000,000 in contracts since last July. California leads but New York is only a couple of millions behind and both have more than one and one-half billion dollars worth of contracts. ... U. S. is buying only $3,000,000 Worth of Cuban cigars now compared tc $15,000,000 15 years ago and so advertisements will be coming out stressing 5 and 10-centers instead of. “two for five.” Cuba needs the business. If they could find a suitable coating for steel plate in radio condensers to cut down corrosion and vibration, a whole square mile of aluminum could be saved a year.

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“BILLION LOANED. BY LARGE BANKS

Survey Defense Financing Shows 2d Billion In Negotiation.’

Nearly $1,

137 cities, according to a survey conducted by the American Bankers Association. .: : “a To obtain: an naidftion of the trend. in’ defense’ financing the A. B..A. queried 500 larger banks, of which 345 replied that they had outstanding on March 31 a combined total of '$934,197,688 on. 5894 loahs. = - In addition, the banks: reported “negotiations in progress with loan likely to result” on 434 applications totaling $97,027,352. Of. the commitments made, $420,050262 were actually in use on March 31.

The survey disclosed that 70 per

cent of the commitments were made without assignment of contract. The 345 banks reported 2298 loan commitments for production of supplies and equipment totaling $394,941,425 and 2358 . for. construction work and plant facilities totaling $355,093,620. : In addition, they reported - 75 loans for “capital purposes” totaling $13,893,105; i162 loans for “working capital” totaling $170,104,538. and one “purpose unclassified” for $165,000, all “arising out of . expended operations of customers indirectly contributing to national defense.”

MORE TRADE SOUGHT BY STOCK MARKET

discussed here today at a meetchanges.

the Boston Stock Exchange, and Amyas Ames of Kidder, Peabody & Co.; will present their proposals for increasing trading on the organized markets. The SEC will be represented at today’s conference—which is expected ‘to .be only a preliminary to a number of more-inclusive discussions—by Ganson Purcell, director of the Trading & Exchange Division, and his staff. If the conference proves successful, representatives of other markets as well as dealer firms will be invited to participate in further negotiations and to help draw up a workable formula.

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WASHINGTON. STREET

NEW YORK, May 23 (.. P).— ,000,000 in ‘bank credits to finance defense production have been issued by 345 large’ ‘banks in

WASHINGTON, May 23 (U. P.).— ee for the return of off-the-change securities business to the floors of organized markets will be

ing between. the Securities & Exchange Commission and representatives of a numper of regional ex-

George P. Rea, president of the New York Curb Exchange; Arthur Betts, chairman of the Chicago Stock Exchange; John Yerxa, president of

By PETER EDSON Times Special Writer

big, baldish, blue-eyed. Hoosier Emil’ Schram “leaves his 11 high Government jobs in Washington. to assume

it. will be the first time he has ever set foot in the place. He grins a wide grin as he says that,” revealing one of :the world's, largest sets of dimples, add he goes on to admit that when he: goes to work there the first day, he'll have to take a taxi and leave it up to. the driver to get him to the right place. He has never even seen it. That gives you an idea of the .§ revolution that must have taken

of Governors of the Stock Exchange came to its:decision to offer its top job to this 48-year-old farmer who

place near Hillview, Ill. (population, 500), about 60 miles north of St. Louis. He didn’t even know any of the members of the committee that came down to Washington to give. him the bid. He didn’t know they were going to ask him. He doesn’t know who suggested his name and he doesn’t want to.

Jones, Secretary of Commerce and former Reconstruction Finance Corp. chairman, made the nomination, but Jones denies this. He was, as a matter of fact, recommending a couple of other fellows who didn’t get the job. When Mr. Schram takes over the

green at this sort of thing as he would have you believe, even though he has never owned more than 100 shares of stock in his life. He has traded in grain in Chicago, as any big farm operator has to, and the Pit can be just as big a rattlesnakes’ nest as the Exchange. Also, he brings to the job a genius for organizing and a head for business. , The new boss of the Stock Exchange thinks the coming of a lot of business men to ‘Washington for the defense effort is a good thing both .ways, but particularly good for

quaints them with the job of government. Mr. Schram is’ no politician himself. He says he supposes he’s a Democrat, for both his grand-

WASHINGTON, May 23—When®

father and father “Were, never sought an office and he never

for it,” he says.

the business men because it ac-|

AW a Gm

the presidency of the New York § Stock Exchange a few weeks hence,

plate in the room where the Board §8

is still part.owner of a 5000-acre §

General suspicion was that Jesse J

$48,000-a-year ‘job, he won't be as | The N. Y. Stock Exchange's new president, Emil Schram, shown against the background of the Exchange's

Bia bin said

busy. floor, which he has never seen.

IHoosier-Bormn President of New York. Stock ‘Exchange i Has Never Seen It but Is an Experienced Business Man FALL 10 CENTS A

Ton 5

May is ees SRR $0.15:

May 17 cesrscrsesianes 08 f May 19 ‘ MARY B30 ..cov00eesscssnce May 21 .. May 22 . Mareh 28 cseanad

but he

will. He says this with no dis-

respect. - It’s just an admission that

he’s foreign to politics. “Not built

In his eight years in Washing-

ton, though, he has gained a. pretty.

good insight on politics, politicians and the administrative end of government. But more important from the Stock Exchange point of view, he has gained an insight into almost every type of business through the RFC. That should be an asset to the Exchange, bo if the Wall Street

bears and bulls" think they" re getting someone who can wave a magic wand over government and business, Mr. Schram wants it made clear he’s not the man.’ - “There have been rumors in Washington that Mr. Schram leaves the government because he:is unhappy, Lbecause he cannot be his own boss, because ' there is too much ‘having ‘to play off-ox to Jesse Jones’: lead.

as a rival, he could have boosted his subordinate for the Stock Exchange job, but, as mentioned previously, Mr. Jones was supporting: a a couple of other fellows,

If Mr. Jones feared Mr. Schram | ‘year term. If they don't like him,

Regardless of the gossip, Farmer Schram’ got the job and goes to the big town in an effort to set in order the house of what the country regards as the smoothest collection of

city slickers on earth. Pretty good |G

for a boy born in Peru, Ind., where his parents, both in their 80's still live. son. ' As for himself he’s taking this Stock Exchange job' for a three-

before or after that time is up, he says he can always: gek back to Hillview.

WEST COAST STEEL PLAN IS REJECTED

WASHINGTON, May 23 (U. P.). —The Office of Production Man-

Henry J. Kaiser, West Coast industrialist, to build a chain of steel plants in Utah, Washington and

proximateiy 1,000,000 tons of steel a year, it was learned today. The" plan, which included a pig iron plant at Provo, Utah, a processing plant at - Bonneville Dam and a steel mill in Southern Cali-

‘| fornia, would have cost $150,000,000, according to Mr. Kaiser who sought Bower RB

Federal finencing. OPM Director General William S. Knudsen and Federzl Loan Administrator Jesse Jones had indicated they favor expansion of existing’ steel facilities rather than building new plants which take about two years. .

WHEAT PRICES ‘MOVE

CHICAGO, May 23 (U. P.).— Wheat futures on the Board .of Trade rallied sharply after a brief period of weakness after the opening today. The September contract

little more than 2 cents a bushel, before backing down. fractionally. Other grains and soy beans also scored good gains. At the end of the first® hour, wheat was up 1% to 1%, May 99%. Corn was up % to The; oats imchanged to up %s; rye up 1% to 1%c; and soy beans up 1% to 2%c. The market developed a strong rallying tendency later. reports which intimated ‘that. the

bill. Shorts were the best buyers.

CARGO INSURANCE "RATES ARE RAISED

NEW YORK, May 23 (U. P. ¥, — Marine underwriters increased war risk insurance rates on all shipments to and from the Persian Gulf today, following reports of continued heavy fighting in Iraq. Effective immediately, insurance charges on cargoes carried in U; S. flag vessels to and from Persian Gulf via - the Fanaria Yoana ‘or trans-Pacific route . werd® advanced from 1 to 2 per cent of cargo value. Rates on similar’ shipments in other than U, S. flag vessels were Haised from 2 to 3 per. cent. ¥

price index of 30 basic commodities

average equals 100): Yesterday

Week ago sessssssssssesserns 199.08 ‘Month 250 cscs ccoceresRee 0 .129.35

1941 Low (Feb. 10...

sess

ing Sate Li od es le Rites Net goge.

1 > =i

license.

LOCAL PRODUCE

Heavy. Solored hens, 1 horn hens, 2c; No.

Barred Rocks, He; colored breeds,

8, Tc

muttering | Wadley oi URGH, Fa. Muy P.).~Koppers Co. has been a ‘Co. to build a ba

wa “= soln Hote Bldg: | -

, Coke ovens at. Hs

agement has rejected the plan of

California capable of producing ap- an

TWO CENTS HIGHER 5%

moved up to $1.00%, a gain of a|S

following | 1

President would sign the farm loan |;

compiled fof United Press (1930-32

s000000 0 .115.86 Sun Oil 1041 High (May 20), -..oe.. 135.83 | Suee

-,123.03 FOREIGN "EXCHANGE

23 (U.. P.)u—Pallowrates on ator our-

as +:00 -16 +0600 Ya

12070 : ‘only ‘under U. S. Tred

breed d ooigred hens, 16c; No. 2 horn hens, 8c; springers, 3 lbs. and over, :17c; No. 2 springérs, 14c; White and 39; 5—20cC. i —No. 1, 8g 38: No. Lamsans kup Wa “atoted by 5

warded: a .contract by the Philadelphia Eiectric. > of 31 coke

High Low Last ot. X — Addressogragh 12% 1 Cp

Am Bar & Fay. 28% Am Inter 31% am Stove Cbd . Am Sugar pf.. aul T&T

12% 7 25% 3% 11%

Atchison pf .... Atl C Line '. Atl Refining ... Aviation Corp..

Bangor & Ar... Barnsdall Ben Ind Loan... E B

5% 9% 16 19Y2°

32 497%

Tai 32 Burlin’ton M cv 19%

Canada Dry.... Celotex Cent Rib Colgate P- § Com Credit ..., Com Inv Tr . 9 Gomwith Haison Cons Oil 6

Cont Oil Del.. Corn Prod ..... Crown Zeller ... Curtiss-Wr A.

iam M pf ....37 37 Dixie-Vortex A. 34!2 34%: em 120% 120% Du Pont pf ....122% 122% . Fo Elec Pwr & Lt. 1% 1% - Elec’ St Bat.... 28'%2 -~ 28% —C— 18 % 28% 37% 61 "6% nr 2

Samewsll Co... Cable

at, 241 ° D108 10% 10% wl 0 1%. 7Y a 22 To% 10% 128% 128%

Gt Greyhound

"Eo Houd-Her B ..

Ill Central ws...

Ind Rayon Inspirath oh Pi In Nickel el

Kress

Market St r 8% MoetstRy pr 84

Nat Cyl Gas .. Nat Dair Nat Distilelrs . Nat Ee od Natom Vp Newpt News oh 222 Ne . A

No pd Lip pf. re

Va 22% 3 Bu :

Ohio Oil , a 9% Oliver Farm Eq. 17% 11s Pac C & El.. Packard

Pathe Film .... Penn D Cem .. Pere Marquette. enn RR

Pe Phelps Dodge .. Pullman re vee 21%: Purity Bak .,.. 10%

24% 2Y2 a2 1 3% 3 a 23%

DAILY. PRICE. INDEX | aie

NEW YORK, May 23 (U, P)— Dun & Bradstreet’s daily weighted

St Jos Lead . Sears Roebuck. Servel Inc ...

South P sessssscecssonee 135.09

t & Co ..s

Texas Corp’ Tide yi Oil... Timk-D Ax . 30 20th Cent-Fox .

Und Ell Fish..

CANBERRA, Australia, May 23 (U. P.).—Acting ime Mnijister Arthur Fadden reporfed today that the Commonwealth’s latest 35,000,1000 Australian pound national defense and public works bond issue had bgen oversubscribed by 860,000 pounds. was last quoted ‘in world exchange Palko on May 1, 1940, at about |

N.Y STOCKS

2 | Year Ago

(Union B & P...

WwW & »'| Woolworth

a directors.

AUSTRALIAN ‘LOAN OVER TOP

d (The- . Australian pound | Hor

By UNITED PRESS

DOW- JONES STOCK AVERAGES 30 INDUSTRIALS —1.01 +0.13 -—0.77 —0.73

Yesterday Week Ago Month Ago ......c.veeeceens

_ High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84. 20 RAILROADS Yesterta

Ya Week Ago

‘Month Ago Year Ago, . ' High, 1941. 29.75; Low, 26. " High, 11940, 32.67; Low,’22.14. 5 2 15 UTILITIES Yesterday ; Week Ago, reewn ers essvenasee Month Ago ... 18.11 Year Ago 18.25 High, 1941, 20.65; Low, 17.00. ‘High, 1940, 26.45; Low, 18.03.

17.35

v esses as sees

. Net Low Last Change 10%2 - 10% Ya 68 * 68 %

‘High 1072. Union Carb ... 68 Un Oil Cal .... Un Air Lines .. Un Air Lines .. Un Gas Imp . Un Mer & Mfg.

Ya Ya

+ | waldort Sys. Walworth Wesivace, pf... 10 Lk E pf.. ee , 27 27%

a_i Zonite 158 1%

SANK IST DOE

"OF UTILITY HOLDINGS

WASHINGTON, May 23 (U. P.).—

a The Securities & Exchange Commis-

sion ‘has denied the application of

Manufacturers Trust Co. for exemption from the provisions of the Public Utility Holding Company Act on

tional relation between the business of the bank and of public utility subsidiaries. :

Trust to dispose- of its holdings in Utility Service Co., and the Maricn Reserve Power Co. and Eastern Minnesota Power Corp., both of which are controlled by Utility Service.:

‘tain these holdings for another nine months in order to facilitate their orderly distribution. The bank will be permitted to keep its investment in New England Public Service, with

without permission from the SEC.

i OFFICE MANAGERS

RE-ELECT M'GUNE

F. P. McCune of American States Insurance Co. has been re-elected president. of the ‘Indianapolis chapter, National Office Management Association. H. M. Bennett of Inland Con-

« |tainer Corp. was elected vice presi-

dent; E. L. Helm of Shell Oil Co.,

4 |secretary; E. S. Wellbaum, Schwit%s |zer-Cummins Co., treasurer; J. T.

Piorella of Indianapolis Railways and L. E. Grisso, Dictaphone Corp,

U. 8. STATEMENT

‘WASHINGTON. May 23 (U. P,).—Government expenses and receipts for Yon current fiscal year roe Muy 21, SOM pared with a year a %

This Expenses $10. 873. 916, 295. Ts $8, aid Ten, 398: 310. 36 Receipt 6.217.959.110.48 ~ 5.066,259,017.94 . 4.655.957, 134. 85 3, 383; 509,202.42 . 4.609.451,434.95 3,271.355,692.42 .037,890,404.22

Res - :22.564.509. 19; 8.15 cp Bol 1 283.212.776.21 1,312,236,450.18 340, 990.120. 120.72 '312)20%7.694.03

aelngs ones 8 CLEARING H

saa ava seas snnvesennevs $4,

“on Everything!

Diamonds, Watches, Musical Instruments, Cameras. Nothing Shotguns, Ete.

‘Iwill have & daily capacity equiva-

v2| barrels in the summer time.

. | shipment by pipe to Montreal. It was pointed out that this pipe]

the grounds that there is no func-|in

The SEC. ordered Majaciers L

com Pub Serv Co of Ind 6% pid. . | Pub Serv Co of Mr Tr pid.

= “*] <The order stated, however, that | the bank would be permitted to re-

8s 46 - Citizens ind ‘Tel 4Yes el =7108

the stipulation that it cannot be sold |;

"ISTANDARD OIL PLANS

PIPE LINE IN EAST

NEW YORK, May: 23 (U. P).— Standard Oil Co. .(N. J.) has ordered equipment for a 250-mile, 12inch pipe line to be constructed between Portland, Me., and Montreal, it was announced here today. Company officials stated that contracts for. the necessary materials

already. have been ’placed with|®

Youngstown Sheet & Tube Co. and Spang-Chalfant & Co. Inc, and that steps are being taken for an

aerial survey of the route and for| Goo

purchase of a right of -way. When completed, the pipe line

lent to 50,000 barrels of crude oil, which can be .increased to 60,000

Present ‘plans call for delivery of

crude oil at Portland from the Gulf| pMedium

Coast and South America for trans-

line will help relieve the present tanker shortage caused by the transfer of vessels to the Maritime Commission for the British supply run. The new line will save about onethird of the normal tanker voyage from the Gulf Coast to Montreal.

LOCAL ISSUES

The following quotations by the Indianapolis Bond & Share Corp. do not repre-

sent actual price of offerings, but mere} suppl

market

indicate the approximate Ey of

based on. buying and selling recent transactions. Stocks Agents Finance oe. Ine. oon Agents Finance Co.. Ine: Belt RR & Stk Yds com. 0 Fo Belt RR & Stk Yds ofd Central Ind Pow 7% fd. Sn Loan 3% 2 pid

0 Home T & 1 I Wa e 7 fa 0 Ind Asso- Tel Tel Go aus i% id 104% ofd.... -}03

N Ind Pub Serv OTe. Pola Progress Laundry

eS nip So Ind G 3 L4 fre *100 erre ‘Haute oe 6 ed Union Title .Co ov 9 Van Camp ME Opta Van Camp Milk com

Bon American Loan 5s §51.. American Loan a

ese sssssssen cecesens 07

.esssses 11

csceese 99 ev0s0s .100

Consol Crabb. Raynolds. Home T. Ft

Muncie Water Works Ss Nat Silk Hosiery 5s 42 .. N Ind Pub Serv 3%s 69

Richmond Water Wks 8s 87.. Trac Térm Corp 6s §7 be

WAGON WHEAT

Up to the clése of the Chicago market today Indianapolis flour mills 80d grain elevators paid 89c per bushel for No. 2 red whea* (other grades on their merits) and paid 69c per bushel jor shelled new

“That’s the life,” says their Me

: fnedium and g

a “grop and | cen

AY 23, 1941

'IPORKER PRIGES

Seclines to $9.40 ‘Here | ‘As 7934 Hogs Arrive At ‘Stockyards.

HOG PRICE RANGE “+. Top Receipts . 8,248 , 1.508 9.683 10,746 8.709 7,693 7,934

sssvescsccced

cesssesssespsss tet . 9.50

A 10-cent cut was made in all ‘hogy prices at the Indianapolis stockyards today, the Agricultural Mare keting Service reported. ‘ “The top declined to $9.40 for good and choice 200 to 210-pounders. The

marketing ‘service reported 312 sal able cattle were received, 598 calves,

7934 hogs and 112 sheep.

140 pound 160 5

4 = a

odin 160- 180 pounds .. Packing Sows Good and Choi 270- 300 pound 330. 360 pound - un Good— Yo 360- 400 pounds .. 200- 450

223 [RST]

33% » omo Lo 3 333 aga

899

mgs. ln 1080-300 pounds Slaughter Pigs Medium ad al 90- 120. po

pound: 900 po! 1100-1300 wound 1300-1500 pound ood— 750- 900 unds ogi unds . 1100-1300 pounds . 1300-1500 pounds seasissces LEE ET)

dium: 750-1100 pounds’ . ee . 1100-1300 :poulds seesescsccess

Common— 150-1109 pounds’ bene ch Steers Belfers

500~ 750 POURS ...0ei00ece.. 11.00012.00 500- 750 pounds ceeiiasipaene [email protected] . + Helfers

18 ..

sssesssesnce esesscsscne

Shot : 150.9 2%00 pounds cesssssssees [email protected]

nr pounds" secsssscessee 10.00@10. 8 ed me a 300 ) pounds ssssaccsecses [email protected]

Com 500- "900 ) pounds esesss 8.000 9.00

Medium %. & 8. Capen "and common ve souns oe 6.75@ 1.25 Can + . 5.250 6. 25

“ue

(Yearlings excluded) Beef— t 3 Good <cccoeee Sausa Goo

Medium Cutter ard common. . Vv

“ L.5 7.25 11.50 10.50 8.08

Good und choice 11. 2

Common and Tnedin ull

sosdoane

Feeder and ‘Stocker Cattle Pit (Receipts, 598) , Steers

Choice ° 5 500- 800 POUNdS ...oesce0sse 800-1050 pounds esess codons

Ee - 800 pounds Ha103 800-1050 pounds 2e2svecssneny 0:30 1038

Medium 300-1000 pounds esceg0Bbseese 8.15@ 9.50 INMOTIs- = - oo- 900 pounds? TAREE by wne 8.78

(steers) Good and I bg 500 pounds down. Fr [email protected]

[email protected]

« 11:00 10.35 i 38

500

secescosseses

ves Good and choice— 500 pounds down. ves

.00 15 50 .00

a lasses, ste

heifer cen

CEE REE NS (7 Ad [email protected] 500 hoands down.. seve... [email protected] SHEEP, LAMBS (Receipts, 112) Si = Lambs (Shorn) Good “and: ssholde Medium ‘anti: good Common y¥ os Good and ’¢h i gt Common and’ ‘medium... see .00 generally | “stends: market all: Weighis ard 0.50; : Hood Sul Choice TO Oni k Died ORs ei a 4b and i. toa; r: 11 160-1 8 Bs. iia $3 00d 400-500-1b. .9 abi gost e—Receipts, | 1000. 3 Bots . draggey oc on practically steers and if in limited About wn um, oD pots. ly ers up 88 cows wea 1 ts fH ulls, Ae vealers fully 25 ts hog several - 1 ny | Soni steers, $9@9. oad light steers held above $10. oe load a ly good 850-1b. fed heifers. Toh: odd lots I to good: peer” bulls, [email protected]: aad’ (Suiers mainly $5. 15; odd up to $8.50 ractical top vealers, $13: common TrOn, 6. 5 : late Yesterday} lambs weak two ds California ulk shorn 90-101-1bs. ol 29.00, medium to good .8-1b. odd n from $11. la e

springers, $10.0 pers and city er!

or rec

stags $1. 25; ines, ‘spring lambs, $11

£. LURIE CHAIRMAN or

METALS SOCIETY

Harold Lurie of the Cummins Ene gine Co., Columbus, Ind., has been elected : chairman of the Indianapolis chapter, American Society ‘for Metals, it was announced today. Ray Stewart of Prest-O-Lite Co. was named vice chairman; Herb McAnnich of Link-Belt, secretary, and Axel Weydell of P. R. Mallory,

No. 2 vellow co white shelled corn, 73c; No. white", oa, 33c.. .

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