Indianapolis Times, Indianapolis, Marion County, 21 June 1941 — Page 9

SATURDAY, JUNE 21,

1941

BUSINESS

Chamber of Commerce Gets Results From a $3.50 Bulletin on Defense

— By ROGER BUDROW *

‘INDIANAPOLIS HAS 170 PLANTS that work in metal and there are idle machihes in some of them. The big manufacturers all over the country who have defense orders are searching high and low for just such idle metal-working

machinery.

That is the situation that the Indianapolis Chamber of Commerce has stepped in to the middle of, to become a clearing house of information. Every week, or maybe oftener if it is necessary, the Chamber of Commerce mimeographs ‘an information sheet and sends it to these 170 plants.

In it are items saying that the X Y Z Co. wants sub-contract work for an automatic screw machine and then tells what kind of Vol X Y Z Co. equipped i handle. Orit says that A B C Co. someone to do some metal stamping for it. The bulletin ‘gives addresses and detailed information so the two manufacturers: can .get together. It costs Roger Budrow 3 Chamber of Commerce only $3.50 each time it puts out one of these information bulletins. Yet the other day it resulted in the discovery that there were five automatic screw machines

in one plant here not being used.|

And here the Office of Production Management in Washington has been ransacking the country: for such machines! Another manufacturer called up Myron Green, the Chamber’s industrial executive, and asked him to mention in the next bulletin that he had some facilities for doing defense work. By two o'clock of the afternoon that bulletin was sent out that manufacturer had hdd two calls and got together with one of the firms that called. The Chamber is S anning to extend the area included in the bulletin service to most of central Indiana, working it through Chambers of Commerce in other cities. The committee in charge of the work

is hunting]

ILLINOIS INDIANA

3 $ 9S $

PORKER PRI ARE UNCHA

Top Here Holds at

June 14 ..c.icecccensncens

Highest Paid Since July 27, 1938.

HOG PRICE RANGE Top Receipts . $9.

GES NGED

$10.60,

4 or

‘NJ

3 CLINTON

TERRE £ HAUTE tt.

ATTICA

(JCOVINGTON

200 8.326

RSL IVAN ’

LAFAYETT 0)

D & AS = é *

70 MONTICELLO

000 VOLT,

ALUMINUM CO. —OF AMERICA

/ /o

Oo a )

IND.ANAPOLIS(®

000 VOLT Ea=

p— Pr

DRESSER GENERATING STATION

KOKOMO ("me

Po pu]

LENORE

/ THE INDIANAPOLIS TIMES Builds New Power Line to Lafayette

VOLTS HT

86 000

PAGE 9)

min, 70 MARION

ro NEWCASTLE 7

7 /

SUBSTATIONN

BLOOMINGTON

June 16 ...ccrnvres aioe 390 June 17 ..cuvesvesnnensesss 10.15 Ne 18 c.vessecrsssnneess 10.15 fone 19 cecvavensess 10.25 June

June Hog prices remained at \their high levels at Indianapolis stockyards today, the top holding at $10.60, highest since July 27, 1938, the Agricultural Marketing Service reported. The marketing service reported 150 salable cattle were received, 25 calves and 1000 hogs.

8,510 7,621 6.097 5.458 1,000

. 10.20 1038

diu 160- "300 pounds ..a... veal. Packing Sows

i 0) Abbott Lab ....

All [email protected]

erating station at Terre Haute to Lafayette.

ing plant of the Aluminum Co. of America.

Net Close Change ou

231, by 282

High Low

482 57% %

1-1

Today ..... Yesterday

nS dnt ERR)

DOW-JONES

EDWARDSPORT GENERATING STATION

Public Service .Co. of Indiana is constructing a new power transmission line from its Dresser genThe 75-mile, 132,000-volt line will cost $810,000 and is expected to be completed by Sept. 15. One of the biggest power users in Lafayette is the rapidly expandTo make one ton of aluminum requires enough electricity

to keep a 40-watt light bulb burning 681; years.

FINAL NEW YORK STOCKS

8y UNITED PRESS

STOCK AVERAGES

30 INDUSTRIALS dersnscansnnssees 120.51 earsussrrnsaserece 12019 Week AZO ......oveeeeneesss 122,04 Month Ago ......occo0000s.. 116.64 Year Ago ..... ihase vers renn 122.83

N N\

CINC "eo ATI

70 SCOT TSBURG & LOUISVILLE KY

Pl 40.32

—1.29

—0.09 +0.22

—0.27 |B

Net ‘Low Close Change

15 >

ifs, 4 5 © 90%

+ i |

DEFENSE HEMS IN INDUSTRIES

Only Moderate Increase in Output Expected by l. U. Byreau.

Indiana industries not working on defense business are being “hemmed in” by the spread of defense production and shortages of raw materials, Indiana University’s Bureau of Business Research reported to-

day. “The defense industries are , operating as close to capacity as labor and‘ material supplies will permit,” the Bureau’s monthly business review stated, “and there seems little likelihood of further expansion until additional capacity is brought into operation.” Thus, the Bureau concluded, it is likely that the advance in industrial production in the next few months “may be quite moderate at best.” Service industries and the retail trade business are benefitting from the increase in consumer income. “Farm income,” the Bureau said, “pecause of the new loan policy of the Department of Agriculture, unfavorable weather in some regions

land an increasing demand for food,

both at home and abroad, is rising rapidly.” Pig Iron Plants Busy Because of the coal mine shutdown in April, the gain made in May was the largest of any industry but output was 35 per cent below the peak in March. Electricity production was 4 per cent greater than in April, and about 4 per cent below

December’s peak. Pig iron production in the Indi-ana-Illinois district broke all previous records in May and was nearly 10 per cent higher than in April Building contract awards, in terms of square feet, rose nearly 20 per cent above April. New car cales were slightly lower than in April but much less than the usual drop between the two months. “Retail trade, as reflected by department store sales and newspaper advertising, continued to hold its own. Newspaper. advertising was about 4 per cent better than inf

Indiana Bus

EMPLOY-

+47

+59 +65

+19 +37 +15 +47

Anderson ........ Bedford Sess ttaen Bloomington Columbus Connersville ..... Crawfordsville ese East Chicago .... Elkhart Evansville ......0 Ft. Wayne ..ccc. Gary sscsccssssssse Hammond ....cc. Huntington ese Indianapolis ..... Jeffersonville .... Kokomo ....coeee Lafayette sececnee LaPorte Marion .....cc000 Michigan City .... Mishawaka ...cce Muncie Sessa New Albany ..... New Castle ...... Peru ..ceesessses Richmond ....... Shelbyville ...c.s South Bend ..... Tell City ssscsneee Terre Haute .... Vincennes ....... Whiting ...coeveee eens * Less than .5 per cent.

Sessa

Ssscesene

+72 +34 +35 +24 +34 -1 +50 +60 +40 4-28

+36 +40

+22

iness Index

Percentage Changes Over a Year Ago

MANUFACTURING PAY MENT ROLLS DEBITS +63 Feo

+95

POST CTRIC BANK OFFICE ENERGY RECEIPTS SALES

+ 3 8 + 5 + 6 +23 -1 +11 + 8 - 4 + 7° +11 +9 -+ 1 + 3 +179 -3

+37 +33 +31 +48 -—3 +-46 +42 +21 +30 +38 +30

+29

cece

+11 +54 +18 14 +33 + es +69 +36 +25 +16 +53

+31 ¥do Ye2 +23

+13 +15 +22

4 »

sees

+47 +19

oF % Ob 20 b&b oT

+3 +33 10 +28 +20

+ 5

+15 +20 +16

+H++ ++ ++

STOCK TRADING IS VERY SLIM

Some Leading Issues Fail| To Appear on Board; Prices Rise.

G NEW YORK, June 21 (U. P).— The stock market made an irreg- 1

ular advance today with trading dull. Demand for stocks was so small that some leading issues failed to make an appearance through the| session. Some only came out once. Largest volume was in Southern Pacific and Socony-Vacuum, which held at the previous closing levels. Steel shares’ were better on out-

look for a steel operating rate just under 100 per cent of capacity.

Curb Stocks

High . 12% 15 1%

Net Low Close Change Am Lt&T . 12% Am Maracaibo. Ark N Gas A Beech Aire .... 63% Braz Sar sens 4Ya B NEP p . 16% | Sunker His’ +H Can Marconi . Ya Col O&G 1%

a &

SEE PERE

® 6%

Kingston Prod. . Lake Sh M .... Lehigh C&N ... Lone Star G .. Molybdenum ... Mt City Coop .. at Rub M ... Niag H Pwr ... Pantpc on Venz Pennroa . Penn oot Air. Republic Avn .. St Regis Paper 2 Singer Mfg ... Std Steel veins Un Airc Pd ... Un Cigar A Un Gas Corp . Un Gas > vf. Un Lt&P

a I

—

here consists of Donald W. AlexGood and Choice— 41% High (1941), 133.59; Low, 115.30. on

ander of Stewart-Warner, Col. A. W. Herrington of Marmon-Herrington, Robert S. Hittlé of Hittle Machine & Tool, Guy A. Wainwright of Diamond Chain, Stowell C. Wasson of National Malleable & Steel Castings and James S. Watson of Link-Belt. 2 #2 = THERE IS TALK among utility men that Public Service Co. of Indiana may buy the utility that serves Evansville and nearby areas ~ —Southern Indiana Gas & Electric Co., which is owned by Commonwealth & Southern, the holding] company Wendell Willkie used to

270- 300 pounds 300 330 pounds

330- 360 pounds Gi

ood — 360- 400 pounds 400- 450 pounds 450- S00 pounds

Mediu

250- 500 pounds Slaughter Pigs

Medium and Good—

90- 120 pounds CATTLE

Slaughter Cattle & Vealers (Receipts, 150) | 4

Steers

Choice—

cases ene an

750- 900 pounds .. 900- 1100 pounds

.$12.00

"A 13.25

— 8

id CN Pa bt UN LO CO DDO Gh NR ae

«3000

NRA

COI ot ot pd ft i >

BC NI DN DD ree

iz 1%

tribe Erne

| Week Ago ..

? | Year Ago

a | Week Ago’ ..

High (1940), 152.80; Low, 111.84.

20 RAILROADS TOdAY! «cvssisesBrrersnvenass Yesterday

27.99 27.93 28.31 27.74 25.56 High (1941), 29.95; Low, 26.54. High (1940), 32.6%; Low, 22.14.

15 UTILITIES

+ 0.08 —0.14 -—0.05 —0.01 +0.03

cesses est annt on csssesessssveans

Month Ago .......cecove0eee

11.73 13.937 11.50 16.99 21.50

Today Yesterday

ttre ecs0ssssetsens

Month Ago . aS Senaree Year Ago

1100-1300 pounds™

1300-1500 pounds ... : 1100127 A

High (1941), 20.

20.65; Low,

16.82.

1100-1300 DO eo 1300-1500 pounds ...

00d — 750- 900 pounds 900-1100 pounds ..

head. Commonwealth & Southern plans

northern states (its properties range

from Georgia te Michigan), in com-|cpoice—

pliance with the Public Utility Holding Company Act. It has revealed plans for all but Souther=m Indiana Gas & Electric. It is pointed out that Public Service of Indiana serves fnost of the other territory in that part of Indiana and therefore is the “logical” buyer. Another Indiana utility may change hands soon. diana Public Service Co.

Co. for about $10,000,000 and has asked for Public Servcie Commis~sion approval. ’ 2 8

ODDS AND ENDS: Longest name among Wall Street brokers now % Francis I. du Pont & Co., and Chisholm: and Chapman, result of a merger effective July 1. National Retail Credit Associations wants stores to require a 20 per cent down payment on all installment uying and shorter periods to complete payments—to prevent a credit boom. . “yictory loan” went over the top yesterday by $31,000,000. . . . American Express says it won't lose any money by the German order to clear out of Germany and German-occu-pied countries (along with U. S. consuls) because since the war started its chief business has been

helping stranded Americans with | Mediu

loans and transportation, and besides its business on this side of the Atlantic is increasing, will make up any slack. . . . du Pont has made a completely transparent, roundbottomed rowboat out of a plastic material for a New York manufacturer who is trying it out on Long Island Sound. . . . Hercules Powder Co. has developed a resin from pine wood which it claims will reduce surface scale on cement highways. . . . Ralph K. Davis, rightharid man to Oil Co-Ordinator| Harold L. Ickes, thinks a halt to pbuilding of more filling stations and bulk plants might help the’ oil shortage in the East.

. LOCAL ISSUES

The following quotations by the Indian- & Share Corp. do not reprengs. but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Bid (Ask Agents Finance Co Inc., com. a2 9 Agents panes Co. Inc., pid. . “si t Exes Stk Yds com 59 Belt RR & Stk Yds ofd x23 Central Ind Pow 7% pd. 1142 Circle Theater com. 32 Comwlth oan 5% pd’ Hook Dru Home T&

Ind Hy c 7 pf *Ind 4 PeL Eran pid. sia naesie apis wa gor = ies vres *Indpls ater 59 +L om e Co. % Hd pid. Linco! n Kat Lite’ ins com . N Ind Pu erv 512% p N Ind Pub Serv 6% pfd 2 N Ind hyd Sery 1% 1% auf 18 . ess - Laun Eromess Co of Tha" 8% pfd 3% 56% Pub Serv Co ot Im 1% pid. 11207 So 'nd G&L © 99 oe, Bante Eee So ‘ptd.....100 Union Ti Co com .... 31 Van Milk pfd ......... 67 Van Camp Milk com ......... 11 Bonds

Algers, Wins'w, v RR 4% 8%.100 can Loan .

Ameri an 00 not Com Ah, Co vis pf 61 78% Citizens 103

5 4%s 61 . Consol min 50.50 5s 43.. T&T Ft Wayne 5s. 103 Wayne 6s $539.

Medium— 1100-1300 Bounds :: to idspose of some of its holdings in| Comm eet

Northern In- Sond. ye wants to|Cutter and common buy the Gary Heat, Light & Water Canner

css0stescon

730-1100 | pounds

Steers, Heifers 500- 750 pounds ...... Yievens

ood— 500- 750 pounds Heifers

Choice— 750- 900 pounds .....Jdeecoses Good:

750- 900 pounds

ssescanvesece

Medium

ssevesessnnas

500- 900 pounds ommon-— 500- 900 pounds

. r .

«11 M2 00 2.00

Am Anaconda

Armstrong Asso Inv pf Atchison All G6 &"Wi [email protected]| At] Refining ...

Atlas Coip [email protected] | Aviation Corp.

11.25@1240 | Bald Loco gt

Balt & Ohi . [email protected] | Barber Asphalt.

Ba [email protected] | Barnsdall s.25@ igs Baih Ir Wks...

Ben Ind gon Best & 3 Beth A Beth Steel 7 pf. Borden

Armour I11 ..... Arm’

Line ....

rker Bros ...

Bendix Avn ...

Ya 3Va —B— 14% 32 82 8Ya 9

CR 12s 197

riggs Mfg .... 1

|: +

Dh] HE

[sta on Ny.

Leh Val C pr. 4

: \Stock sales approximated 130,000 Te shares, the smallest short session

High (1940),

‘ 15 MOST ACTIVE STOCKS

Sales Net (in 100s) High Low Close Change Warren Bros.. 25 13g 11g 113 South Pac.... 24 111s 11% 23 39 391s 21 8% 8% 21 53% 55% 19 265% 263% 18 5-18 7-16 30% 51% 40% 21's 315% 31% 213 213% 123 123% 293; 30 38'2 38% 6% 6%

26.45; Low, 18.03.

Socony

Anaconds .... Comm & So.. Am Car&Fdy. Am Air Lines. Gen Elec .... Loft Pan Am Air.. Stand Oil Ind. Gen Mot ....

6% + %

Canada’s $600,000,000]

(Yearlings coined)

Beef— Good .... Sausage— Go

8.75@ 9.25

8.75@ 9.00 8.25@ 8.75 7.50@ 8.25

Sesser essen snnen

nd common |....... Vealers

Mediu Cutter

Good and choice hose Common and odin Cull

. [email protected] [email protected] 6.00@ 8.00 Feeder and Stocker Cattle (Receipts, 25) Steers

Choice— 500- 800 pounds ..,...... ve... $10.25 800-1050 pounds ..... : 10

od — 00- 800 pounds 00-1050 pounds LU pounds Commo 500- 900 1 pounds Calves (steers) Good and choice— 500 pour-s down . + [email protected] [email protected]

509 8 [email protected]

8.76@ 9.50 1.75@ 8.75

vesetceL wei

CIEE ER Y

Medium— 800 pounds down Calves (heifers) Good and choice— 500 pounds down [email protected]

500 Pounds down [email protected] SHEEP, LAMBS (Receipts 0)

Lambs (spring) Good and choice Medium and good Common Ewes (shorn) Good and choice

Hogs—Receipts, 400; only lots on sale; indication Dy on all offerings with quotable top around $10.50. For Ln Week—Prices gained 50 to 65 $10. Salo 40: Yn $loai. 36: fi gants, @ an at [email protected].

Cattle—Receipts. 300; *calves, none. For the week—All grades fed yearlings and light steers, 15 to’ 25 cents nigher, in-

weighty gents an

steers best nd

steers; i yg ited

$13: 25;

of any eight sel iH ers 25 to cents higher: little ar on fat choice cows, bu others. 25 vents off. with canners and cutters 25 to 40 cents down: bulls steady to 25 cents lower, and vealers 25 cents Leh. stockers and feeders strong nts this demand stimulating mer yes r

One Receipts. 1000. For the week— Bauer grade spring lambs were 50c to $1 higher. lower grades 25 to 50 cents higher: fed clipped lambs and fat ewes strong to 25 cents higher; Flossly sorted native springers on close, $12.50; bulk good and choice, $12 up; throwouts scarce at $10. down; few clipped lambs 5; Da anes $ 75; bulk Facluding heavies

OTHER LIV RSTOCK

FT. WAYNE, June 21 (U. ).—Hogs—. to 20 ois Nl her; 500-330 NN .35:7 160-180 lbs. * Sto. 35: 240-260 lbs. . 10 3 280- -300 lbs.. $10.05: 300-

3 1bs. $9. 90; 150-160 140- 150 Tbs. $9.75; 130-140 1bs., $9.50; 100-130 1bs., $9.25: roughs, $8.75; stags, $7.50.

Calves, $11; lambs, $11; yearlings, $8.75.

CINCINNATI, June 21 Receipts, 250; scarcely enough sale to make a market; offerings steady; top, $ Shoice 180-220-1h. ¥ [email protected]; 2 alo, 40; 160-180 1bs., instances lacking “finish, Cattle: 100. Calves, 25. Sheep,

LAFAYETTE, June 21 market steady:

50 lbs. y $10@ 10. 15; pigs , $9.55 down: d Calves sio@11. Lambs,

er: cents up, ings

(U. P.).—Hogs—

3. sal. 10. 50.

wv. og $106 10 4 45; *350- 325 Ibs. roughs, $9.55 $10.50@

FOREIGN EXCHANGE

NEW YORK, June 31 (U. P.).—FollowIE are Son closing cable rates on major Cable Rates Net g. Frgtond | pound)

0: asa a = Ofar r) 88 a )8 —00%

; (pic) on aorers)

“eeetasee

CHICAGO LIVESTOCK [& &6

a few small e SOWS |

stances up more on good to choice medium] C weight . steady 3

- | Cutler-Ham ... i

aon Elec Boat

+ | Fair Morse ...

n | Gair Robt r W In

or QOQAAANAAAAAQAND » S®

3kien U Gas .. Bucyrus-Erie Budd Mig pf .. 66'2 Bullard . 253% Burlington MC. 17%

Tiree)

stock sales

were

27,000

turnover since May 31, and compared with 190,000 a week ago. Curb, shares 3

Burlingtn M cv 52% Burroughs Bush T B pf ctf 20 Butler Bros ot: Ah Byers, A M 8% Bras pf

dH]

Hershey bof

Callahan Zinc . Calumet & H . Canada Dry .. Ya Carpenter StI . 27% Er IerSy & Glen 2% Insshs, cts Caterpillar. T : 4 Ini" Harvester Celanese Fr pf Celotex p Cent Foundry. . Cent RR .

hic Gt W Ry 5 Pn Tl cv Ti 42 P. Ye

h R I& 2 8 pf 5-32 hRI&P" pt hikasha c Sei :

Jewel Te, Johns-M

Kenne Kinney Kresge 4

pott 01 5 of’ Ss

Del & Hud .... 10 Det Edison .... 22% Dev & R A . 14 69%, .125

10 22Ys 15% 15 69% 125 i, East Air Lines.. 24% East Kodak ... 3

Dome Migs... Douglass Airs or Dom Chem .

Nash-Kel

Nat Biscuit .. Nat Can Corp. Nat Cyl Gas

“ae

Nat Faame] oe. Nat

1% 25% —— . 37% 11% 2,

37% 11%, 2% Bl Mo Toesss 15% Firestone pf A 2, First N Strs ... 128

36% Fost-Whl pf . 126

WLI Dee ' Ot i CY J pb et

n Foods “G&E 6 cv pf 80 n M 127

® BRD Yo HAIER LIND ona — PRN ~I

c A Fish .. a6 € 2p. Pac

packard,

SEDI 4 LIND

OED NDI = DI =I

> ies Bo

REEREESERSS SERRE [ | itl a

09h OAs

BE ' ob

OO00 22 ys

Nat Dairy Nat Distillers .e

against 36,000 last Saturday. 4 >

x Net High Low Close Change

..100

Inspiration Cop 11% 4 h Ma 6s

100 24

Hud Bay M & S 17%

: 50%

Hy t M Marine t Nickel . Nitze of

Int T&T For _. Island Cr Coal. hei 3 Kalamazoo S&F 1 37Y . 24%

Laclede G of... eh V. Coal ....

. 86%

0s 10 36% 24%

11% 11%

88%

Nat Auto Fibres 5%

. 168%

Ve vie 10% 13% 20 1

gypsum 63% Nat Mal & sti © 0% Lt.. 6%

Vs wens Ill Glass. 44%

%/ x 8 . 24 2

ses

Feaer

Sli wes

Faat

= es

HoH EE

Saas

fH aps ar

[I+

. -

SES $F

+1; |:

dadadadd

Va-Caro C 4

- dddd ddd < <

Rayonier

Rem and

Reo Mot

Revere

~ Safeway 5

St Jos Le

St L-S Fran pf. ms ..

Saysge A Seahd

Servel

Silver

0 o Por R Sout South R Spar

rd Oil Oh tew-War § Superior ©

§ Witt Intl

Talcott J

O Sears Rgebuck.. Ie Can

Shen’ Up O i Sloss Sheff of.. 113 mith A O : Sasony Vacuum 8% Am Go 1d 17%

Boars Corp... 3 Spiegel ‘Inc pf. 48% iquare D 38

td O Cal iS Ind d Oil NJ..

io. .

Syming Gld xw.

f..112

Bois st’ «ii 188 Repub Stl pf A 88Y Cop . Revere 3% of. .

Reyn B Rustiess. 1&Stl. .

66'2 . 312 11%

37% S51%2 3

“gal he aa

663s 31'2 11%

——

34% 3 1H la

10% 143% 4 20%

Timken R B ... Transamerica ..

Truax

Tra ... 20th Cent- Fox.

Twin Coach .

Und Ell Flan.

Union Car Un

da nnnnnnnn

om oo

n res n Cyclps

Vanadium

Va- pls 6

Va I C&C

dq = QQ Ques - 8

A... Stl .

57s Va

. 3%

7 Union El Mo’ pt. 113 : Pacific . Ya

vee 241, s)

i pt 18

Virginian Ry

Vuican D p

Walkr, Walwort Varner B

Ves Oil

Ison & Vilson pf

dA < rr

Voolworth

ros

Varren Br yarren Br pf.

thite “Rock

Yale

Jorthington

& Yellow Tr

Young Sheet .. Dr ..

Young St!

Advance Alum

amp:

of 32 ..143

H-G&W 2 h 8)

. 12 ood w ard Iron 26% any

. 20%

. 20 13% 16

cases

112

34% a 4

327% Ya

24% 1%

+++]

8 3na a points, § 2

Comwlith Raison eessess 25 1 Oil

Miller & Hart pr pt

Miller &

Hart

1S] esses

Signode 8S Stan Oil In

“sesecnss seesevensse

teste snens

Wms Oil-O-Mat .......

LOANS :

EF The CHICAGC

1 3

+ +++++1

3 lauly...

3% Dec ..

ve | July.

*| volume of April.”

*1733i¢;

Sept.. 4

April and department store sales were but slightly under the holiday

o 5

"/SOY BEAN PRICES

HIGHEST SINCE 1937

CHICAGO, June 21 (U. P.).— Moderate demand generated by the sharp run-up at Minneapolis and strength in soy beans boosted wheat prices more than a cent a bushel on the Chicago Board of Trade today. Around top levels profit-taking appeared and a mild reaction from best levels followed. At the close wheat was % to 7% cent a bushel higher with July at $1.013%:@%. Soy beans rose to the best level

x since 1937. The upturn was due to

the strength in oils and lard. The close was 13 to 2 cents a bushel

* | higher with July at $144@1. 44,

Corn finished up + to 1 cent, July

oats, % to 3c higher, July

36¢c, and rye up %ec, July 56%c RANGE High Low Close 1.013% 1.00%. 1.03% 1.017% ~~ 1.05% 1.03%

Open at— 1.00% 1.01% 1.04

Corn— 13%

15% TM%

Whe 1.013; July.. 011s

1.03%

1.03 1.047%

Bee. 1.04%

13%

16% 16% 185% 18%

Sept.. 15%

.36 36% 37 37% 37% 3 Rye— July, N .56% July, Q 302

gest. 57% Seb 3%

ey Thi 143% Cet, N 1.34% Oct, O 1.34%

a Dec... 1.35% Lard— n July. 10.50 - 10.55 Sept. 10.65 10.75 Oct.. 10.77 10.87

Dec.. 10.97 - 11.05 N—New; 0—Old.

1.445% 1.36%

136% 1.37%

1.34% 1.34% 35%

10.50 #10.65 10.77 10.97

CASH Wheat—No. 1 hard, $1.02'5: No. 2 ha (weevily), $1.00%: No. mixed. a. 01%; Noo mixed, $1.01; No. 1 northern spring, " Corn—No. 1 yellow, 75¢: No. 2 yellow, 74% c; No. 3 yellow, 74% @T4%2c: No. y yellow, 74c; No. 5 yellow, 72@74%c; sample grade yellow. 52@172c:

No. 2 white, 84c; sample grade, white, 7lc. Soy Bea hg yellow. § $1.43'[email protected]%: sample grade yellow nd h No. 2, $1.30,

No, 1 nominal. Oats—No. 1 white, 37'2c: No. 2 white, 37c: No. 3 white, 363;c; No. 1 white, heavy,

3; | 37%c: No. 2 white. heavy. 37%2@38c;: No.

51 $9.47, nominal:

1 mixed, heavy, 36% @3 Barley—Malting, abe ® ominal; feed, 40@53c, mina i: screenings, 35@52c. nominal: No. 3 maltiing, 60c. Rye—No sale Cash Provisions—Lard, $10.40, bid; loose, leaf, $9.62, nominal; bel-

lies, '$12.25. nominal.

LOCAL GRAIN

CASH

y heat fraser: yeceipss. 3 S37 ioade ss 1 B a Yac; No re aC; No. 1 hard, 93%2@94%2¢: No. y) hard, 83%@ 94%zc; Ne 2 hard, 92%2@9312 Cor: m, receipts. 23 carloads; No. 2 eliow, 89% G1 0. yellow, 687Y@ Jac; whit, ie, over yellow: mixed,

1@2%¢c er. rece ts, 3 Jatioads, No. 2 0. 3 red. 3312@33c.

Bite. Sh w A CS none: Indiid 3 if Bitinoss points, WAGON WHEAT

Bean hi—Siron Up to the close of the Chicago market todiny Indianapolis flour mills and = elevators paid 92c per bushel for ’ red wheat potner ades on their me A and paid ushel for shelled n No. Es orn: No. white shelled corn. : No.

PERSONAL LOANS

May be arranged through id Personal Loan Departmen

The Peoples State Bank

130 E. Market eral t Ins.

2 white oats. 33c.

on on Everything!

Diamonds, Watches, Musical Instruments, Cameras, Clothing, Shotguns, Ete.

JEWELRY CO, Ine.

146 2 E WASHINGTON

B14 Treasury Bonds

B a| 234s 1951-48

,| 38

: colored hens,

Coppers were narrowly irregular. Utilities held around the previous close while rails were steady to firm, ; A few issues had wide changes. American Airlines lost nearly 4 points, while Vulcan Detinning preferred gained 4 points to a new high. J. I. Case opened at 60 off 214 and failed to make another appearance. McLellan Stores gained 3%: points on a single sale. Thomp-son-Starrett preferred was off more than a point.

U. S. STATEMENT

WASHINGTON, June 21 (U. P.).—Government expenses and receipts for the current fiscal year through June 19, compared. with a year age:

This Yea t Yea Expenses. .$12, 2.211036 036. Ho. 60 8. a 6.674. 436. 20 i 87 .

Receipts. i 10. 22 Gross Def. 0. Net Def ... Cash Bal . Work. Bal. Pub. Debt . Gold Res... y Customs. . 377.402,241.73 $37,613.576.22

INDIANAPOLIS CLEARING HOUSE Today

Clearings .................. veee.$ 3,734,000 Debits r HE ‘ ree 8, 2250000 This Week

Clearings .........v....... ie nhes 26,825,000 Debits 72.354, 000

U. S. Government Bonds

U. S. GOVERNMENT BONDS

High Low Close ’ 109.25 109.25 234s 51-48 deg 109.23 109.23 2s 1950-48 Dec ... 106.8 106.8 Federal Farm Mortgage Bonds 1949-44 107.4 1074 1074

LOCAL PRODUCE

breed colored hens, 17¢; No. 2 14c; Leghorn hens. 12c; No. 2 Leghorn hens, 9c; springers, Barred hag White Rock, 2 lbs. and over, 17c; ‘ springers, Barred and White Rock, Qa: Teghom springers, 2 lbs. and over, 15¢c; No. 2 Leghorn springers, 2 lbs. and over, 12c; cocks, 10c. rs—=23 ac. SButter—No. 1, 3128380; No. 2, 36@]|.

Heavy

Lepr 4 2314 547%

Utah ano’ Sug 2; West Virg Coal 3% Wright Harg .. 314

FOOD PRICES

CHICAGO, June 21 4 oF 7c les New Illinois, . ar 5@l. Fone Texas. lugs, $1.15611.65. Spinach Tinos bu., 25@50c. her — Washington crates, [email protected]. Carrots — California, crates, [email protected] Lettuce — California, crates, [email protected] Sweet Potatoes—Tennese see. bu., [email protected]. Onions (50-1b, oka —Texas Yellow Bermudas, [email protected] California Yellows, $3.

CLEVELAND UTILITY TO INCREASE POWER

CLEVELAND, June 21 (U. P.).— Cleveland Electric Illuminating Co, announced today that it has ordered a new 50,000 kilowatt turbo-gener-ator for its Avon plant at a cost of about $3,500,000 in order to pro vide additional power for defense industries in the Cleveland area. The new generator will not be placed into service until 1943, but company officials said that two other units, with a total capacity of 144,000 kilowatts, are being ine stalled at the Lake Shore power plant. The first of these will be installed this summer and the other next spring. Cleveland Electric now has a total dependable capacity of 595,000 kilo= watts at its three inter-connected power plants—Avon, Lake. Shore and Ashtabula—and on completion of the three new generators will have a capacity of 799,000 kilowatts,

+ HOME LOANS

For UR NE Ete.

+4 a sa va

ul & RNE

36'2c. Butterfat—No. 36c; No. 2, 34c. ya pizkup ed ‘quoted by the wad- ||

116 N. Delaware St.

a —Ask {> See the 12% “Clifford” WATCH at EASIEST TERMS

i Mvinastons

THE MODERN CREDIT §

129 Ww. Wash. Tne OR

Is Opposite Us

PHOTO-LITHO and PLANOGRAPH Prints

ORR TITY

Indianapolis Blue Print & Lithograph Co.

R MESSENGER

A SAFE DEPOSIT

BOX IS LOW COST INSURANCE 9 Different Sizes

RTP) SEVLHEON IY OLEICE SNLEPPLIES 4 CONVENIENT LOCA

ONS 44 E. Wash, 42d & Colle

34th & Penn. 5339 E. Wash, St.

Let Us Wash Your Overalls, Too!

Overall Laundry 2520 E. 12th CH-0294

PROGRESS LAUNDRY has

solved the problem of launder-

$3 to $100 a Year

Member Federal Deposit Insurance Corp.

Security Trust Co,

130 E. Washington

LADIES’

NOVELTY sndg $ | .00, $ i 41

KINNEY’S

138 E. Washington St.

ELINED AIRED | a» EFITTED | Women's

LEON Zgine 2

’

ing Chenille Bedspreads. SAXOPHONE

MArket 2431. Instruction 1. INDIANA MUSIC CO.

115 E. Ohio St. LI 4088

JSUSN ESS EDUCATION

rong Accounting, Bookkeeping, sterogts aphie and Secretarial courses. evaning sessions. Lincoln a Fred . Case, Principal.

Coneal Business gr

Architects and Builders Buin Pennsylvania & Vermont Sts.,

FORMAL DRESSES For Drill Teams and Lodge: Work. ' Sizes 9 to 44.

MILLER<WOHL CO.

45 E. Wash. R1-2230

Passenger Cars FOR RENT

To Keep Valuables Safe Rent a Safe Deposit Box at

THE

DRIVE IT YOURSELF, Ines Phone Rl ley

% * | INDIANA NATIONAL BANK =f of adi s 3 d