Indianapolis Times, Indianapolis, Marion County, 27 May 1941 — Page 10

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~ yesterday while heavier weights

: 3300150 500 pounds .

Good a Sede

#3 DIRECTORS NOMINATED

: oun ~ 800- 330 Pounds

+ 500-1000 Conon Bounds

RECEIPTS GAIN.

‘HOG PRICES SAG|

Some Weights Fall 25 Cents —Top Recedes to $9.35 ‘At Stockyards.

HOG PRICE RANGE Top Receipts ceacsriseesnrnassss 30.35 9,082 sessseecassssssvasee 9:40 10,746 9.40 8,709 essssssasescsasessse 9.50 7.698

May 19 May 20 May 21 May 22 May 23 May 24 sessessssasessacesce 9.50 May 2B secsnssrriisiseess. 5.60 May 27 Sesessestresentians . 9.35

The Indianapolis Stockyards will be closed Friday—Memorial Day— and Saturday, J. D. Oldham, secre-

estssssstasasestaee 9.40

tary of the sya, announced |

today.

Hog prices fell as much as 25 cents at Indianapolis stockyards today under pressure of receipts of 12,487, the Agricultural Marketing Service reported.

Hogs: weighing between 160 ahd 220 pounds were 25 cents lowér than

were 10 to 20 cents lower. Weights under 160 pounds were unchanged from yesterday. . The top fell to $9.35 for good and choice 200 to 210-pounders. Vealers were weak to 50 cents lower with a practical top of $1050. A few strictly choice vealers sold at $11. The marketing service reported 732 salable cattle were received, 4177 calves and 619 Sheep.

0 O89

edium--160- 180 poUNAS ..eeveernresns : Packing Sows

Good and Chote 270- 300 pounds

od eh ft pd

« a

sessrbnsades$ 3 ctuesesinn,

reese visense

330- 360 pounds Good— 38- ‘ pounds . - 450 pounds - 5% pounds ..

Meo um 500 pounds, ...vuv esas - Slaughter Pigs

Medium and Good— §0-:130 pounds ......... 000. 7.50@ 8.35

CATTLE Slaughter Cattle & Vealers (Receipts, 1732) x 88ens

Tho (LT Fale 9% pounds ssessssanee «$11 25 pit POUTIS cvverevreee 0-1500 pounds .. Caos “900 ounds ... 900-1100 po he : 3190-1300 DI

i Brees ess ses ea

00 woe

HS aS

00 ° S

sevens. *80. 0000s

sess sscene

se0800c0 0s

750-1100 OUNAS .covveeccnnse 3100-1300 pounds . T8000 e0rrnnes

750-1100 | pounds ....con00000e Shoton.. Steers, Heifers 500- 750 pounds ......:.. 500- 750 pounds

.. [email protected]

750- 900 pounds esceocee C estonctseene e Li 900 pounds $0000c0s0v0ss

By ROGER BUDROW Most phases of Indianapolis business ‘continued their steady advance last week but most spectacular of all was the climb of farm commodity prices. Livestock prices rose to the highest in three years, spurred by Government buying for lerid-lease aid tg B : Grain’ price 5 were bolstered by Congressional- passage and imminent. signing by President : Roosevelt of the farm bill boosting commodity loan rates to 85 per cent of parity. . The Goverhment bought Roger Budrow c 0 n siderable lard and other pork: products which boosted hog prices 40 cents above the -previous week’s close -and the highest since Sept. 6, 1939. Yesterday a 10-cent advance lifted the top to $9.60, highest since August, 1938. Prices are about $4 higher than a year ago. g 4 Cattle prices, on the other hand, turned 25 cents lower but remained from 75 cents to $1 over a year ago. Slaughter steers and heifers were about unchanged

of a decline much of the time and actually finished B50\ cents lower

cents to $1 over a year ago. Demand for spring lambs slowed up somewhat and prices yielded $1 from last week. Prices paid farmers who haul their grain to Indianapolis elevators also advanced. Wagon wheat sold for 90 cents a bushel early in the week, rose to 91 cents and then hovered around 89 and 88 cents late in the week. . No. 2 yellow shelled corn brought 69 cents a bushel early in the week, rose to 70 cents on Wednesday and then went back to 69 cents for the remainder of the week. No, 2 white shelled corn went from 73 cents a bushel to 74 cents on Wednesday and then back to' 73 cents. Indianapolis department stores reported a 15 per cent gain in sales for the week ending May 17 compared with the same week last year, compared with 23 per cent gains in Detroit and Mil-

“LOANS BY NATIONAL

s| BANKS AT NEW HIGH

- WASHINGTON, May 27 (U. P.) — Loans made by national banks in

8.00 9.00 troller of the Currency, reported to-

[email protected] . 1.25@ 8.00 6.75@ 17.25 5.25@ 6.25

{Tearlings excluded)

Beet—

8.25 secee. 1.75 eee. 1.25

hh dh S8s0setosvsnnnnene 8.25 1.7%

ange 693,000 higher than that reported|

8.00 Feeder and Stocker Cattle Steers

(Receipts, 1177) Steers

: Bena Hs csesscesceces 8.75@ 0.50 1.750 8.76

800.1080 Bounds Good ~

*90ce000n0sss

500- 800 pounds 800-1050 40scssnco ene Medium. Pounds

Calves Good and PAR Ld 30 Jounds down [email protected]

800 pounds d an 8 down .....,.... 9.50@11. Calves (heifers 1 Good and choice— x 500 HE ounds down [email protected] pounds down ............ [email protected]

SHEEP, LAMBS Receipts, 619) Lambs (Shorn) Good and choice........ ae vivs 9.00 Medium and 800 08s vane esos. A 8 COMMON «coos ®. as sivisanns «es 6.50

9.50 8.75 1.50

Ewes (wooled)

and CBs csurinions iv

Good cho! 5 Common and medium & 0

4.00 2.00

~ NEW YORK, May 27 (U. P). — Charles R. Hook, president. of

lin 8. Edmonds of Philadelphia and Sterling Morton of Chicago have been nominated for election as directors of Equitable Life Assurance Koeiety: of the United States. -

LOANS in Co-operation With the Defense Program

AMERICAN "NATIONAL BANK

at Indianapolis Pennsylvania and Market Streets

iy Sheep—Receipts,

American Rolling Mill Co., Frank-|

"| above

day.

Returns from the April 4 “call” for condition statements, Mr. De-

lano said, showed that the 5144 active national banks in continental

The April 4 loan total was $399,-

1940, the last! condition call, and $1,367,174,000 over the ‘amount re-|gp by 5184 active ‘banks on § t, 1March 26, 1940. ;

Total ‘assets of the reporting

banks were $40,193,021,000 as of April 4 against $39,733,962 at the end of 1940 and $35,736,657,000 on March’ ‘26 Sont

of last year. Deposits totaled $36,-

Dec. 31 and $31,996,268,000 at the March, 1940, call.

direct and fully guaranteed securities aggregated $10,595,990,000 on ‘the: latest reporting date, an increase of $843,385,000 - over the Dec. 31. level and $1,624,724,000 more than a year

ago.

Hogs—Raceipts, 13,000; slow, opened 10 0] to 15 cents wer, but general market to 25 cents off; good and choice 180-330-1b. weights, $9. 20@9. 45; early top, . $9.50; most Jace sales: 186 ibe Oo b.38 ew Jood| & and choice - 5. 5; % ostly 25 cents lower; oo i00- 500-1b. weights, $8 15@9. yesterday; | lambs closed fully steady; b “bule 78-90 1bs. California - * springers 11.1 including around four any latter i. two decks 87-1b. old cro] shippers; . $9:25 , with throughout at 38.50@9; around two ‘lpads shorn Western wethers, $9.65 - with wes Sorsed out at $9. averaging around. 86 1bs., Today's. Trade—Lambs. active, steady 9 oe cents; rgher; around two . loads Oats ornia springers, ih 86-98-1bs, old

four no 65: 3 arotnd To ou ok welghtior

go ‘Western, $9. more Hh kind at $10.50@11; bor. rn

000;

lot: scaling ewes down from $4.50 Tos,

slow 1b. ee EO. reliable outlet; ive, strong with numerous instances 10-15 cents A mostly $9@11° market; top, 12.50, on strictly choice long. yearlings: ew loads yearling and light steers; $11.50 @11.75, but little above $11.26 and only Su mon oR golored, gmt iljers around 3 8 cattle feeders, $10.50 down: Eeifers eady at $1 wh; ly sm also small ‘run cows bulls BD ‘after ady stairt; weighty sausage offer $8.50: ers weak to 35 cents lower; very few 12 and only small lots

OTHER LIVESTO JCK PT. WAYNE, May 21 (U. 10@25¢ over 200-220 1bs. 1bs., $9.10; 1bs., .10; 240-260 1bs., $9.05; IR 80-300 bs. oF Bi | #6. i 1 0-160 The, $8, 850: gr ags,. igs, Calv

: lambs, 5; ‘ a

SAXOPHONE Instruction INDIANA MUSIC C0.

Per “Lesson

Ta EFITTED | Women's fi,

LEON Zgmmet

& aca at 2

is om

GUARANTEED

/ 7/0/02 2%

Vey NN RIA TY YE

MN Low PRs.

asf

while vealers tottered on the ‘edge .

for the week although’ still 50

the United States and its territories | 4 10.00911.00 rose to a new 10-year high in ‘April, while their deposits, assets and in-| 3 [email protected] | vestments -in Government securities [email protected] | increased sharply over the Dec. 31, Am 1940, levels, Preston Delano, Comp-

United States, Alaska, Hawaii and EE 8.25@ 8.75 the Virgin Islands had outstanding|Borden 8.65|loans and discounts amounting to Sore $10,427,466,000 on that date.

80|py 5150 active banks on ‘Dec. 31, Celotex

287,481,000 against $35,852,424,000 on | &Y

Investments in U. 8S. Government bu

Gai CHICAGO LIVESTOCK |

ia $9.10; choice | Kennecott : ve s ng rao ue at $3100 other small {Lee Rub.

0 Macy RH fTade yearlings and light steers fairly. ac-|

Owens Ill Glass 39%

Indianapolis Business

Bank - Clearings Bank Debits . ‘Postoffice Receipts ...ccco0nesen. Building Permits .....co00000600s Houses Apartments . Business ....cceciv0c60000500 Industrial Public . Repairs & Alterations eaves es Applied for Jobs ...........0e00. Received Jobs .... Cldimed Unemployment

000000000000 00080

aetoeeecssscrssben

sere eseesescer sent

Benefits (May 17) ...covoeeees

Freight ‘Carloadings ‘Inbound .. " ‘Outbound Electricity Output (kwh) ....... Water Pumpage (gallons) ...... - Streetcar Passengers (May 17) .. Telephones In Use (May 22) .... Livestock Receipts (head) grees” “Cattle : Calves Hogs Sheep Grain Receipts (bushels) ......- Corn Oats

20 000000000000

egress roe eevee

ees esse vecsssecssconcccnd tees csdonssecssrnecsenes ' 7 ss scs scence sre esate Rel

00090 000000000 0000000000

Soy Beans .. Sources of above figures:

tereseesasoeness $22,372,000 cresenssserrassees $58,441,000

284,830,000

Week = Last Week Before “Year Ago $29,595.000 $18,605,000

Last Week :

$91,858 $137,240 $123,400

$93,008 $212,381 $130,300

$95,865 , . $577,123 $246,250 $200,000 $22,500 $10,000 $50,000 $48,973 Yo 758

1,402

3,006 1,712 11,411,000 214,100,000 1,345,161 +112 58,500 5,403 334 48,156 L117 303,000 263,000 3,000 14,000 21,000 2,000

4,299 2,087 13,930,000

nN.

13,613,000 233,710,000. 1,447,442 +39 62,480 6079 ge 3,799 50.551 2.051 511,000 377,000 35,000 48,000 42,000 i

1,423,098 +221 57,014 5,681 3,819 45,994 1,520 696,000 591,000 13,000 66,000 17,000 9,000

Summary

Thus Far _ $416,373,000 $65,997,000 $45,190,000 $1,033,804,000 $1,862,283 $2,400,698 _ $1,559,830

242,875,000 4,435,640,000

Government Buying and New Farm’ Loan Bill Boost - Prices of Commodities That Farmers Sell Here

. »

1990 | 1941 Thus Far $479,614,000 $1,214,819,000 $1,947,474 $4,916,488 $2,305,275 © $391.000 $762,524, 0, 094,000 $191,400 © $534,143 19,799 10,827

$1,800 $266,202 © $288,300 ig

Jism

7,441

« 4

+ 78,246 43,542

60,828. 34,714

70,036 40,356 © 277,508,000 4,567,250,000 27,413,204 104,764 - 1,155,096 124,367 58,038 912,738 110,262 12,536,000 9,636,000 533,000 © 1,908,000 157,000 302,000

26,860,153 95,843 | 1,182,194 130,099 51913 911,207 123,881 ~ 8,540,000 6,281,000 347,000 1,458,000 | 266,000 188,000

10.9 at 53.4 53.6 309 09 id

+I+HF+F+F +++ I+ H+++F

Indianapolis Clearing House Assaciation; “Indianapolis Office of ‘State Employment Security

Division; New York Central Railroad; Pennsylvania; Baltimore & Ohio; Illinois Central; Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); City: ‘Building {Comimissioner; Indianapglis:-Power & Light Co.;

Indianapolis Water Co.;- Indianapolis . Railways; Indiana Bell Telephone Co.:

Agricultural Marketing Service; InGGaungoils

Board of Trade; Center Township Trustee; Indianapolis. Posioffice; Federal Reserve Bank of Chicago.

waukee and an 11 per cent average gain for the district served by -the Federal Reserve Bank of Chicago. . Indianapolis stores had an 18 per cent gain in sales for the three weeks. ending May 17 compared tc an average district gain of 14 per cent and an 11 per cent gain for the four weeks ending May 17 compared to the district's 14 per cent increase. At the end of the week there were 2971 cases of relief in Center Township involving an expenditure of $27,762 thus far this month compared to:5601 cases at

‘ y . Net High Low Last Change —f— Ye 1) Ya

+ % Fn

ese

Adams Exp .... 5% laska Jureay.: 3

Cor legh Pud Si ar “20% lied Stores ... 5%

tHE EEL; PErrres

4s Al | Refining eet Aviation Corp... 3

Beld Hem ...... 7% n

Be ]

2 Commith & 80." 5-16 Cons Copprnms 6% Cons Edison. .. 17% Cons Edison . pf 96 Ins 317

3s Curtiss Br . 26% e & Co Dochier D ue s L

Lo. 21% 7 st 17% f...1158%

Hi 11512

Elec Boat ..... 14 End . Johns

Fid Phen Flintkote

15| Gen Tel

anbv t North of -. reyhound Cp..

a 10%, vig : 9% el 10 T%

Hecker prod. . Hupp "Moto

and Stl .. 70%2 h u

24, 2

Nn LA n nt, Nic n ln

: a ri

‘6Y 35%, 33%

Kelsey-Hayes B 8% BEB

L-O-F Glass . +30. Lockheed Alre'ti 20% X%

CM 22% 23% v i M -

1 13 ? 27 nN Nat Auto PFib pt i

Nat Can Corp Nat. Cyl Gas. 9% at . 13

+: ” SF

arshall Fd. artin ‘Parry cCall C corp. or & Ess ...

of i | . . . v .

M Ya 6% a 13 13 58%

Vs #3

39%

FES

ee. 25 No Amer 5% of 81

CHIE Bs

i 103

S FEE

: goBaity

8 Re aE

Bid, Brands un Oil a

i Sua: oi Ny. Shidobaker

1 3

. ex Gulf Prod ex 'G Sul . +34 mk DA D Ax

seem i cent. Fox. sh st al)

3% 3 Yin

BH, STIR aa a

a -

‘WHILE THE REST OF}

THE TOWN SLEEPS - HAAG'S ALL-NIGHT DRUG

STORE 22d and Meridian : _ 18 OPEN Sed

; Yanadinm

. Woolw orth

this time last year and an expenditure of $69,790, Center ‘Township Trustee Henry Musller Teported. #_# = In a review of Indianapolis Business during April, Indiana University’s Bureau of Business Reszarch reported the following: ~ .. EMPLOYMENT -< Up thre: per cent over March in factories and.

* four per cent in non-manufactur-

ing industries. PAYROLLS — Increased five per

cent in factories .and six per cent.

in non-manufacturing industries. BANE DEBITS--Gained 10 per

N. Y. STOCKS

8y UNITED PRESS

DOW- JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday . Week Ago ....... aesssieanane Month Ago Year Ago High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84. . 20 RAILROADS Yesterday ROY SEI esees 21.54 Week AZO i...civent heared 28.25 Month AO ...,.coc-coiue edie. 28.76 Year Ago : 3 High, 1941, 29.75; Low; 26.54. High, 1940, 32.67; Low, 22.14. 15’ UTILITIES cvisssnvasisnnse 16.88 caaseadebeess 11.310 Month Ago. . « 1815 Year -Ago 18.31 High, 1941, 20.65; Low, 16.85. High, 1940, 26.45; Low, ‘18.09.

—0.91 +150

-—2.09

Yesterday Week Ago.

saassscsceece

ile Hish ‘Low Last Change 52% 52 I+ % i 111% 1% ¥s —Vem. a] se | Walw

“avy Wes, as . 21 a El 7 oi. 1048 104%

8S Stee US eel bi.

ceed

37 Ceevwiie gg x + %

ily 12% 12%

127 330. 32%

x % | Yellow Tr ¥ 37 “‘%

Young Sheet .

loi aa NOT

AT FULL CAPACITY|

NEW YORK, May 27 (U. P). — The American Petroleum Institute reported today that the domestic refining industry is “utilizing only

‘labout 75 per cent .of its capacity

and that “no shortage of petroleum products could result from lack -of refining / capacity.”

of estimates by the U. S. Bureau of

capacity to handle 1,383,969 harrels ing tofal capacity to a new high. of

-|4K'18,900 barrels

daily. In the .four-yeal period, refiners have dismantled or displaced capacity of 959,89¢ barrels per day, leaving a’ net increase of . 28088 barrels, the API said. 2

BUSINESS AT A GLANCE

By Uniled Press

subsidiary, ‘March quarter net . in-11 come, $175,355 vs. $126,646 year ago,

Brown: Shoe Co., Ine. and

ter Federal taxes $836,708 vs. $688,656 year ago.

domestic: ‘subsidiaries, March ' quartax $701,032" equal to $1.56 & share

1; | vs. $356,834 or 53 cents year ago. .s 10 months|

Peter Fox Brewing Co. ‘ended. April 30, profit before Federal income taxes, $375,002 ve. $2565,~

‘16|077 year: ago. . + % Public Service Co. of Indiana, four 5 onthe sug ApH 0, net income 4 : vs. $76 year ago. 4 | United Shoe

Machinery Corp. 12 ‘months ended Feb. 28, net incoma

share vs. $9,861,266 or S412 ing 12 months. -

‘age rose seven per cent over Marchityition * charge, but students will

+0.10/T08d

* The authority stated, on the basis Oas

- |Mines, that the American: industry Pub Debt x has added to its refining facilities

per day ‘since the start of 1937, rais<|

~American Public ‘Service Co. and | Bo

sub-| : sidiaries, six months: ended April 30, net profit $554,433 equal to $2.25 a} share vs. $248,737 or $1.01 year ago. Canadian National Corp., 1940 net| ‘income, $7,622,267 equal to $2.99 al’ share vs. $7,507,882 or $2.94 in 1939.| Central & Southwest Utilities Co.| - and subsidiaries, March quarter af-|-

‘Chicago Pnennatic Tool ¢ .-and| ter, net profit after excess profits

$8,204,130 equal to $3.40 a common;

cent over March and 32 per cent over last April. ADVERTISING—Newspaper line-

and 12 per cent over last April. BUILDING—Permits - for $1,472,096 compare with $1,317,820 in March and $1,024,640 a year ago and included 194 new homes valued at $745,000. = LIVE STOCK —- Marketings increased 12 per cent over March and

were four per cent above April last

year. RETAIL SALES—Increased 16: per cent over March and were 33° per cent: greater than April, 1940.

{7 DIESEL-ELECTRIC ENGINES ORDERED

CHICAGO, May 27 (U.P.).—The Denver & Rio Grande Western Rail- | has ordered a total of 17 Diesel-electric locomotives, the Railway Age reported today. . Electro-Motive Corp. as received orders for three 5400-horsepower units of the award, while American Locomotive will build four 1000horsepower engines, Baldwin Locomotive Works nine 600" horsepower

units, and General Electric one 380 horsepower.

“The carrier also has ordered four streamlined nger train cars from the E. 'G. Budd Manufacturing Co., Railway Age said. The ‘Canadian Pacific Railway was reported to igve awarded. an order for 20 type 4-6-2 steam locomotives to the Montreal Locomotive Works, Ltd., which is controlled by American’ Locomotive Co.

{DAILY PRICE INDEX

NEW YORK, May 27 (U. P.)— Dun & Bradstreet’s daily weighted %| price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Yesterday See rrsspeseneon E50 Week 880 ....ccovce0sssssee..135.56 Month ago ceiavin

U. S. STATEMENT WASHINGTON, May 27

rent fiscal year through May 24, compared with a year a hd Lyd 1200. ee: 43 $8, a ab8.310.22

ense Rbenses 5,002,201 246.54

Receipts. . G

os .1 124, 74 Customs .. ’345,215,031. 83 ’315,463,207.532

INDIANAPOLIS CLE RING HOUSE >

Clearings ......... Sasereane ,000 Be bits... Eine veseues i

FOREIGN EXCHAN GE

NEW YORK, May 27 (U. P.).—PFollow are noon cable rates LY najor ‘curre ct Chg. tes Net

England d Canada {Fa ; fa fen (Ira

pe Dealer: Hutnal

INLAND MARINE INSURANCE

a3 4

|6-Week Training Wil Open

-| University.

{which is intended to train inspectors and workers for such plants as|.

_ | given.

"|be necessary to have had two years

(U. P.).—Gov-{} ernment expenses and receipts for the cur-|

‘Hl $5; RUCKLE, 3113—Desirable front, cross

POWDER ©

June 9'at Indiana U.’ Extension Center. . Instruction in the manufacture of

powder and - explosives. will begin here Monday, June 9, by Purdue

Only : those who have: had some

|college training will be able to en-|

roll ‘in the intensive 12-week course the Charlestown smokeless powder

struction will be free.

Two separate courses are to be The first will be a basic course in organic chemistry. It will

of college chemistry to enroll in this'

Acceptable to U. S. “The second course will be in the

“4 chemistry of explosives. Require-| 1 Iments to take this course include 2 |two years of college chemistry, inSune one year of organic ther-

Both courses will be accepted by the U. 8. Civil Service in fulfilling

spector, Purdue announced. Three-hour classes will be held two nights each week at the Indiana University Extension Center and a six-hour laboratory period will be held each Saturday at Purdue’s chemical engineering laboratories at ‘West Lafayette. The same courses at the West {Lafayette campus will be full-time study for six weeks, a total of 24 hours a week, instead of the 12 being given here. There will be no

have to pay for their own ‘books and transportation.

- Austin in Charge

George T. Austin of Purdue's chemical and metallurgical engineering school, will have charge of instruction. : He has just completed & government-sponsored course at Washington University, St. Louis, part of which. was given at the Western Cartridge Co. plant at Alton, nL - Persons interested in the course may. apply by letter or personal call to Prof. C. W. Beese, head of Purdue’s department of general engineering, at West Lafayette. Prof. Beese urged applicants to write in full their formal chemistry ' training and work ‘experience. 5

BUSINESS FAILURES DECLINE 6 PER CENT

NEW YORK, May 27 (U. P).— Industrial and commercial failures declined 6 per cent during the latest week after a 15 per cent rise ‘the week before, Dun & Bradstreet, Inc., reported. today. Failures during the week ended ‘May 22 were 270 compared ‘with 286 in the previous week and 297 a year ago. The latest week’s- figure approximated those maintained durmost of the month of April. ilures with liabilities of $5000 or more numbered’ 103 against 128 a week ago and 145 a year ago. Canadian figures were 11 compared with 26 in’ the previous Week and 28 a

COURSE

factory. .Most of the classes. will be| .|at the Indiana University Extension : Center at 122 E. Michigan St. In-

|course, which is a preparation for|. the second course. :

the requirements for explosives in-f

_ PRODUCTION OF | "TIRES GAINING

But ‘Supply on Hand Is

‘Lower Than Last Year At This Time. NEW YORK, May 27 (U. P).— Shipments of automobile tires .in

| April numbered 6,049,517 units com- _

pared with 5,517,255 in March and 5,037,153 a year earlier. The Rubber ‘Manufacturers: Association ree

| ported today.

For the first four months of 1941

|shipments of tires numbered 21,~

1312,860 units compared with 17,828. 3

249 in the corresponding period of

11940.

Edwaril A. O’Neal . [) tells consumers not to worry.

Farm Bureau Head Says Loan Bill. Will ‘Add $724,000, 000.

CHICAGO, May 27 (U. P.). Edward A. O'Neal, president of the American Farm Bureau Fed- . eration, said today the new. farm bill “boosting commodity loan rates to 85 per cent of parity . would add an estimated $724,000, 000 to the yearly income of producers of corn, cotton, wheat, rice and tobacco. Mr. O'Neal said this assured farmers prices for 1941 which will represent “fair-exchange values in buying the goods and services procluced by other groups.” He said the increased loan rates would result in only fractional gains in the price paid for food products by consumers. Mr. O'Neal estimated increases in income as a result of the hill: For wheat farmers $273,000,000; cotton growers $239,000,000; corn farmers '$180,000,000; tobacco growers $18,000,000, and rice growers $11,000,000.

AMERICAN TOBACCO HEADS MUST REPAY

NEW YORK, May 27 (U. P)— Supreme Court Justice William T. Collins ruled yesterday tha tfive officers of the American Tobacco Co. must repay $2,018,033.44 in excess | bonuses to the corporation.

The ruling, 100. pages long, con- in

cluded a seven-months trial of an| action brought by a group of minority stockholders. ‘The plaintiffs charged that excess profit bonuses paid to the officers from 1912-to 1938 were based on incorrect net profit figures with the result that the officers received too much. The officers ordered to make the repayment were George M. Hill Sr., president; George W. Hill Jr. vice president; Paul M. Hahn, vice president, Vincent Riggio, vice president, and Charles F. Netley, vice president, Fo se]

"WICK. RESIGN S.

CLEVELAND, May 27 (U. P)—|E

Myron A. Wick will resign as vice | M president of Republic Steel Corp. in|§ charge of finance and as a director on ‘July ‘1, T. M. Girdler, : board

April production of tires num- ;

- | bered 5,812,645, compared with 5,«

685,559 in March and 5,091,945 in April of 1940. Output for the first four months this year was 22,145,767 comp ago. Stocks of tires at the emd of April were 9,957,849, compared with

- 110,148,861 in March’ and 10,866,927 |a year earlier.

“4

Shipments of ' innertubes last month numbered 5,371,451 units, compared with 5,181,198 in March s

7. land 4,547,309 in April, 1940. Pro

duction of tubes in April totaled 5,495,762 compared with 5,349,202 in March and 4615,287 in April, 1940 For the first four months of 1941:

compared with 16,230,213 in 1940, Production for the period totaled : 20,844,978 compared with 17,416,504 . in the corresponding 1940 period.

Tube stocks at the end of April were 8,142,692 compared with 8,068;« Sisin March and 8,191,477 in April,

ROBBINS QUITS CCO

Corp. to become chairman of the

Company.

LOCAL ISSUES

tions Indianar Bond eS poe i Tyr t repre= sent actual price of offe my but merely

indicate the proximate = market based on buying and selling quotations of recent transactions. ; : Stocks

Bia Agents Finance = Ing., 1% gents Finance C.. ota 20 Belt RR & Stk Tia com. > «se 86 Belt RR & Stk Yds oa, 1avie 38 Central Ind Pow 1%, --)12 Comwlth Loan 5% Dp! Home T 46 7 Fu Wa 1% ia 80 Home ayne p Ind Asn ae Co $5 pid h Elee 7% bofd.. v 68% ptfa ..-18

AsK 9

17 53 107% .'39 113 Ty din -101% 104%, 17

532 56a .121%2124%9 1 100 |

Progress Laundr Pub Serv Co of “Ind 8% i pid. . Sub Serv Co of Ind 7% pfd.. So Ind G & L 48% Terre Haute Elec 8%. om. “ee Yojen Title Co com ‘Camp Milk pfd Tease. U1 ven Camp Milk com ...coeee 11 Bonas American Loan Ss 5i..... cess 99 American an 5s 46 eee.100 Oitizens Ind Tel 4%s 61 ... 1 : Consol Fin 8s 50 Olds aXior % a. Home T&T 5% Home TAT mt Worn Inc Tel Co

‘year ago.

Looking ‘FURNISHED

Rooms Without Board 1%

ILLINOIS, 1628 N.—O1 ae ot water. Preitog Jorge monk. goat.

. ventilation, near * tation. youn

(Central) —Coy. next

24 SI CA A 1494.

8: ‘CARROLLTON, 2908 -— Comfortable, clean Soom; near bath; private home; : tieman. WA-17819,

0 2 N.— ern home, | -adult family, Doard, |arage |

.optional. TA-9242.

N.—Beautiful combination studio.” ‘without kitchen;

ront; ine constant

213 and ‘home; AINE, 1325—Large + Private entrance; ter; reasonable. LI-5028.

1328-~Nicely Turnis “Toon, gonstant. Bot w water; Sas,

BROADWAY, 2823_Fissient Bowne home. Ee wha TO

3411 N.—Pleasant ‘room, innerno, ofl i, Toomer,

3159 N.—Attractive h Jars

al on wince LE BS Iront E

front, n

1007; radio;

_Ichairman, announced today.

entinifon, hot water. WA- |

closet, cross ventilation, ed . MA-60

For A ROOM’

‘R00M AND BOARD’ “HOUSEKEEPING ROON

Make Your Selection From This Select List. Al Prices and Locations.

Richmond Water oh Ss 67 . Trac Term Corp

ERIDIAN 2947 N. et, modern dome, a "hot of water, Herige, good transportation, phon MERIDIAN, 2709 N.—Nice room; home; large closet: cross ven BE

2 i + Clo omar ni it bre 8 oom, 1sgsonatile. MA-§66s. Miwa: a toin; i= ts BRE To

RLLHsoN es Lent large front,

rivate Hows

ata gol el “adult family.

NEW JERSEY. 1320 N.—3 Pront rooms, 1st Poor, private amtrance; Feasonahle, Lille] — a a Attach Fen closet, 0 Bot ‘water. Ressonnbion ss on Fenels on, *

- bath, meals optional; $7.30 double. . RI-

depble 100m, STO

PARK, 1803 Lovely Yentilation, Five, reasonable.

PROSPECT. 2506—Ni e,’ board optional. nable. oe

WAY - Vi sony front,

"es; TN

Ch 2451—Large “oom Garage Sptional. Reason. 'A~3089. °

| TIBES, $37 N.—3 nice bedroom ed a out

‘able.

121 B.—Ls Close

DEQUINOY, 6

611 x —Gentleman Susre win beds. Brea

front ast

‘Optional. . IR-3

or night workers welcome. Men only.

Best of jood: innerspring, pazking, any

MERIDIAN, il N.

baths, gocd transportation,

i| NEW_JERSEY, 1008 N.—Large, front room. Good ‘meals. Central car.

poh temen:

NEW JERSEY, 1301 N—Tovely room, next

Sa hf

tor | HHi008 Fe

19,988,204 a year

shipments were 19,626,904 units. 3

" NEW YORK, May 21 (U. P)— Carl B. Robbins has resigned as '' | president of the Commodity Credit °

board of the Axton-Fisher Tobacco

iis 01°F