Indianapolis Times, Indianapolis, Marion County, 28 June 1941 — Page 11

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AY, JUNE 25

1941

INESS

~ Not the War, But It’s Aftereffects Woiry Handful Planning in Capital

By PETER: EDSON Times Special Writer

more. than the concern over what's going to Joes Bilinited States in this war, is the Worry of” -hat’s go-

ional debt of 100 billion, BY industries stopped cold, thrown out of work, Europe

Whatever consolation it gives you, ois, it can be mentioned that this idea has occurred to a few people in Washington, and they are interested in doing something about it.

First steps in|}

this direction were taken when a sub-committee of -four congress‘men met to consider g couple of resolutions introduced by Rep. Jerry Voorhis of San Dimas, Cal, calling :-the ‘establishment of a Post- : Economic Advisory Comor a National Commission

ih loyment and Present and D ? Beonomic Adjustment, or | ing. Anyway, the idea is to getigoing -on a study. of this problem mint think that consideralem would draw a BS ou up for the hearings. ’ , after all, nobody cares what to the country after the is over, ‘couple of rather important Batt n’t think so. There W. T. t, a director of OPM’s on division and one of the “three swingingest, all-out deng the dollar-a-year 0 Wa hington. Even the New say Batt is good and in‘swear by, not at, him. a Brookings Instituspasm, economic rein Washington sent over nt Meyer Jacobstein to something of this kind 7.now, tol co-ordinate all to set up a research

get ‘some plan worked out .to “win the war after

ssive thing about the core Batt and Jacobstein the problem is that they post-war recovery cannot be y leaf-raking, boondoggling; shot-the-arm relief program. If Voor‘can get. his commission orga“with some high caliber talent,

seeing beyond a port- Som

A projects, capable of oductive instead of nonlabor as a solution for

ents, his work can go [Geo

“as one of the really imporributions to modern times. ‘does the job right, it can sell ‘country on the idea that everyisn’t as hopeless as some peois.

tically lyrical on the ‘we tackle this problem demobilization of indusmanpower with an energy to.-that which we are to the opposite procsays,. “we can build an and a standard of living of which the world has dreamed. We can, in the lay the groundwork for an = m . . . based on a designed to reach a ir of potential consumhave in the past been able d-only the basic necessities

offering hope for the little .it was ever offered, and on hen all the rest of the news and it’s too hot for comfort it is pleasant to report a thought. , of pitfalls are ahead of his proposal. Pressure get hold of it—manufacjociations, labor groups, pelations, farm blocs, poliid they can wreck it. Exment institutions with ‘to . save—National Reng Board, WPA, PWA d recovery agencies— for a ride. What will of the congressional hop8 to be seen.

wage earners and value products in Induring 1939 were below the Bureau of

the Bureau reported. The .was reported at $43,t $47,999,397. The values of products were in 1939 and $147,670, 677

u said the value added facture was $130,585,310 in 137,255,191 in 1939. The establishments in 1939, s reported greater than e were 783 as compared

I'e

TO ERECT ISLAND PLANT

June 28 (U. P.)—|2 ~ Gyroscope Co. today |} ns for the erection of in the town of North Long Island, to meet ats of the national

AoE

SLIDE 25 CENTS

Fear Price Fixing By Henderson. HOG PRICE RANGE

June June June June

(June

Hog prices tumbled from their high position of the week at the Union Stockyards here today, quotations on all weights losing a full

tural Marketing Service. The peak price, quoted on 200 to 210-pounders, dropped to $10.75. There were some indications: that traders in the yards were taking stock in the rumors that U. S. Price Administrator Leon. Henderson would restrict hog price levels.

HOGS

pound pound pounds . pound pound pound pound ound pound poun

Medium— 2 160- 200 pounds Packing Sows Good and Choice— 270- 300 pounds 300- 330 330- 360 0! — 360- 400 400- 450 450- 500 Medium— 250- 500 pounds Slaughter Pigs

Medium and Good— 120 pounds %

CATTLE Slaughter Cattle & Vealers (Receipts, 100) Steers

Chot 750~ 900 pounds ..... 900-1100 pound 1100-1300 pound 1300-1500 pounds

sass s asses

pounds .... pounds

pounds

sssessssaanse

2. [email protected] [email protected]

[email protected] 10. [email protected]

[email protected] 8.75

8.50@ 9.75

ssessesaress

es scee®scose

dium 750- 1100 pouUNAdS .s...cceev.0e 1100- =1300 ) bounds esiesnvenasena

150-1100 ) pounds

Steers, Heifers holce— 500- 750 pounds ..... [email protected]

[email protected]

500- “150 pounds

Heifers Choice— 750- 800 pounds Good — "150- 900 pounds edium— 500- 900 pounds

Common— 500- 900 pounds

[email protected]

tsececvescnocs

[email protected] 8.25@ 9.75

secevsevvcno.

csssscsescees

Cutter and common .... Canner

(Yearlings excluded) Reef— 8.50@ 9.00 8.50@ 3 75 8. 2 8.50 8.00

00 Medium . Cutter and common

Vealers

Good. and choice. ............. Common and medium’ u

11 [email protected] 50@ 10. 50 |G g 00@ 8.50 Feeder and Stocker Cattle (Receipts, 23) Steers Choice— 500- 300 pounds ....... 11.75 2.1050 pounds .......

d. 500- 800 pounds 800-1050 pounds

edium— 500-1000 pounds Common— 500- 800 pounds Calves (steers) Good and Choice— 500 pounds down........:... Medium 500 hounds OWN. ............ G Calves (heifers)

00d and Choice— 30) aD pounds down. ET) 10. [email protected]

500 rounds down ....... 8 [email protected] SHEEP, LAMBS (Receipts, 0) Lambs (spring) Good and choice ..... [email protected]

Medium and good.. [email protected] Common [email protected]

3.7%

ves. .$10.75 vs 10:30

9.75 9.50

10.75

cscpesetevne.

[email protected] [email protected]

Ewes (shorn) Good and choice sees [3.25 Common and medium ........ $3.25

Hogs—Receipts, 300; Seerly choice hogs too small e a market; undertone steady; for the week—Hogs glosed 35 to 50 conts higher; top, $11, best level in four years; ° -average price on barrows and gilts to $10.84; most butchers glosme at $10.60@11; packing sows $9.50@

Cattle —Receipts, 100; no calves; for the week—most medium weig ht and weighty steers 50 cents lower; EI s and light steers 15 to 40 cents off, kinds scaling 1050 lbs. downward showing least decline; strictly choice light heifers steady, but all other 25 cents lower; cows fully 25 cents off; light weight sausage bulls 25 cents down, but heav shipper kinds only weak; vealers 50 to 75 cents higher; extreme top $12.75 for prime 1135-1b. yearlings, practiesl top yearling $12; best 13241b. Jieer $12.35, very little se eilin $11.75; ry sizable supply hEaYY ig late $10.25@11; medium g 1 1b. averages $9.75; both H40-102321b. BE a: choice fed heifers reached $11.75; cutter cows closed at $7 down; hedv jausage bulls $8.90 down, and vealers $12.50 down Sheep—Receipts, 200; for t week: Spring lambs 50 to 75 cents lower; fat

good and

sheep and shorn lambs scarce, steady; late at $12, with bulk [email protected], and tirowouts sharing mildly in the decline t $10 downward; best shorn lambs $9.75; A small lots [email protected]; few lightweight fat ewes $4.75; most medium to good grades ang heavy weights [email protected]; Sammon and cull grades

OTHER LIVESTOCK

. WAYNE, Ind., June 28 (U. P.).— Hog s— Steady; 200-220 lbs., $10.85; 180-200 bs., $10.75: 160-180 Tos, $10.65; 220-240 lbs., $10.75; 240-260 lbs. $1 £3: 2 00 lbs. $10.55: oe 20:

8. Ys: stags, $8. By Yoasiings, $8.75.

U. S. Government Bonds

U. 8. GOVERNMENT BONDS Treasury Bonds : High : Low 111.21 111.21

4s 1854-44 .......... ‘111.21

7%s 1960-55 2%s 1965-60 3s 1052-44 .......... LOCAL PRODUCE eavy breed colored hens, 17¢c; No. 2 colored hens, lec: horn hens, 12c; No, 2 Leghorn hi ringers, Barred an White Rock. and over, 17c; No. S

LOAN BONDS 106.24 106.24 106.24

s Leghorn. 2K s, 2 Ibs. and over, 1 8 aL and white rock, js Ey

5 | Cons Coppernms

10.75@12. % Se [email protected]

11.50 | 5

10.50 | & [email protected] | Jen 7.75@ 9.00 | Gen

323(H

CHICAGO LIVESTOCK |E

small supply Sholce native springers topped |;

ownward from |] 0

eras Ch_ Del. Bank Note. Bos ER

Am Cable & im Gan WR aiay C$ Sard \m & F Pw Lo

Am Am Roll Mill. . Am Roll M cv Am Ship Buil Am Stl Fdies ... Am Stores .. Am Stove

Armr Ill pr ‘pf. S31 Armstrong Ck.

Indications That Traders 2 i

Aviation Corp.

Bald Loco ct.. 15 alt & Ohio pf Bangor & Ar pf 3arber Asphalt 3arnsdall 3ath ‘Ir Wks. : Bendix €

] Brewing C Bklyn-M Bucyrus Budd Mfg pf. , Bush Term ...

quarter, according to the Agricul-|BVe*

Cal Packing . Callahan Zinc..

G W Ry ‘pf 6% Chickasha eC .. 3 City I&F pf Cleve Graph Br 106% Cleve Grn B pf 100%

5 | Climax Moly Co 31%

Cluett Peab Coca-Cola A ... Colgate P-P .... Colgate pf 3 Col” Broadcast A 15 Colum Gas .... 27% Com Inv Tr .... 29% Com Credit .... 23% Com Solvents .. 10: Comwlth & So.. 3 Comwlth & S pf 61% Comwlith Edison. 26 Cons Aircraft .. 31 TY 185%

Cons Edison .. . Cons Edison pf. Cons Oil Container

Corn Ex Bnk. Corn Prod .. Corn Prod p Pf.

Crane Co cv bt. Crucible St .... Cuba RR pt ‘es Curtis Pub .... Curtiss-Wr .... Curtiss-Wr A .. Cutler-Ham ..

Deere & Co ....

10.75 |D Lac

w Det Eom rea Dey. & RA

Do i HC Douglas Airc ... Dresser Mfg .. Du Pont Dugques Lv...

East Air Lines. 1300 aton M Mfg

c Boa Elec & Music i. w & L $6 p El way, $7 4 El TH Gas

Be Enamel aie Firestone Flintkote Siovs. Florence Steye ’ Follanshee Stil.

Gair Robt .... Gair Robt pf.. Samewel] Co iv. Wood Ind

T&R .... Gimbel Bros .. Glidden Goebel | Brew .. Goodrich 1 Goodrich pf Goodyear Goth Hos pf.. Graham . Paige. Gt North pf .. Gt Yeu Sug Gt Sug TH 12017 Greyhound Cp. 11%

| Hanna 5 pf.. [Harb Wal hs

Hud &

111 Central .... Ill Cent pf .... Ind Rayon Inland Stl Jnspitalion Cop Interlake Ir ! Int Harvester El A .

Int Hyd . Int M Marine .

Intst D 8 Johns-Man

Kennecott Kinney 5 Kresge Kress

Lacieqe Quire

Nash: “Kely

Nat A Nat Auto. Fibres 5 Nat ‘Auto Fib pt 7

Nat Can » 5c; | ww x at t Bi Gas” a |

> ea PB BIR eel totaen

Ld -3 FER TEEEER

0 11%

105% 19

42 2

6% 126%

. Net Close Change

ay. Hy Sm a

HR ar-1 SS Its = MEER REFEREE &S

0 BI SN

134% 32% 2%

13% 59% 17% 27%

25% 241%,

0 11% 105% 19

6% 1262 25

25% 14%,

10 63%

"38% 35% 2 25%

FINAL N. Y. STOCKS

By UNITED PRESS

sk rE IE Fl

‘| Ohio Oil .....

3, [Stan Oil NJ.. 12

: 11s +h

regres)

Logan

9% 1%, 8

21% ...

237, 5%

.: tf: Ea ¥ RY

Thi ‘oe

1, | Today

8 Today '...cs... 2 | Week Ago

2 | Year - Ago,

4s | No Am

. | Sharon Stl Sh &

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS svsressanseerensessss 125.40 —0.06 —0.50 +0.32

—0.19

“20 RAILROADS : 28.49 28.55 27.99 27.43 26.18

Yesterday ......cocco00000se Month AO .......co0000nees High, 1941, 50.75; low, 26.54. , High, 1940, 32.67; low, 22.14.

15 UTILITIES

ig [TORY .iicvescessacscncccane

Yesterday Week AZO ...coocesvscancess Month Ayo cececeansesances

$est0s0et scence

High, 1941, 20.65; low, 16.82. High, 1940, 26.45; low, 18.03.

‘16 MOST ACTIVE STOCKS Sales ; Net (In-100s) High Low Close Change 2815 227 22% — 1s 3% 3% 137% 12% 5% 5% 383s 9 9 2% 33% 23% 25 is 13 1% 1086 1032 40% 40% 40%

Stock. sples approximated 140,000 shares con.pared with 130,000 in the short session last week.. Curb stock sales were 36,000 shares against 27,000 last Saturday.

Warner Bros. Canada Dry.. Wilson ....... Gen Mot .... Socony

Exes

Gair R. Canadian Pac 16 ~ Wesson Oil .., 15 Lockheed. .... 14 McKeesport T 14 ° Am Cabl&Rad 12 South Am GId 12 Schenley

37% 23% 25 5% 13% 2

[++ 1+11: - =

EXR&FE

Net Low Close Change 6% 6% 53 53% 642 9s .

High 6% 53a 6412 9

Nat Sup 8 pf . Natomas ...... Newport Ind .. 6% Newpt News Sh 25% N Central .. 12% NYV&StL pf .. 37% N Y 8 ib ssnes 3DY Norf & West ..198 ; er 12Y, No Amer 5% pf 53% No Amn Avn .. 14% No ‘Pacific 62 Northwst-Airlns bY — 2%

64 9%

Ohio Of ii,.... Omnibus ;

29 4 owesn Th Glass Hh 8

Pe Ys

Pac Am Fish .. Pac G&E El ... 24% Pac Lt 34

DIN

Bn NBICI 00 Os pt SRNR RR SERRE ae

Pore Mat of Pere Mat pr of Pet Crp Am Phelps’ Podge .

IR Tb) >

ESOS

Et EBS - MERSERRSE SRE # e

10%

— S

nw Pub Serv 6pf .. Pure Of “eis Pure O 5 pf ..

) a

——

Quaker St Oil.. 10%

St’ Jos Lead Savage Arms .. Schenley Dist .. 10% Schenley Dist pf A cott Pp 4% pf 113 leabd Air .. B= ears Roebuck. ih

bw ogy bt J ed ek C3 r SAE FESR

dd SRR

tHE

03 BI vn

QCD ADD heh hh ph pb

pice “| Spiegel Pine Yeiee St ands 57% Brands “pf: 111

CLINI yim HELE ‘0 . :

Ory SERRE BR SRESRIERS

SBS SF

3% § i

Ne oT ee

. % 53% - 53% 2!

234 231% Po

4 39% i Bn cers 81% saa 13%

5 5%

Ne CR RN

T Aricont ‘pt Truax Tra

+1:

Union: 1CBLY pn Un Oil Cal Un

BARNA

U U uU U U

To b 8 2 28% Un Stores A ..11-16 11-16 11:16 : . Yn Vanadium co... 24% 243% Va-Caro* 6 pf . 28% 26 Virginian Ry pf 32% 32% —W Ward Bak A .. 4% Ward Bak pf 18% Warner Bros. . Varren Br . yarren Br of . aukesha Mot. Ves Soa. 24% V Pa: El: 7 pf..102% a: P- 115%

.Un Vest Air “Bke . 21% ... 94%

esting

estvaco p 109 Vhite Mot . 15% hte ee 4% M pf 54'a

ot ii: ol 1% /illys Oyefid of 12

Worthing cv pf 3 Welatng pr of 60

—Y— Tollow F000 100 1° June Sheet 2 Young : Stl Dr. 4 18 Hedis 1% a 1% doc, LIBRARIAN HONORED Miss Mary J. Cain, 22:W. 36th st, reader’s assistant’ in charge of work with yourig people at the Indianapolis Public Library, has been elected ir of the

Zonite *...

sides

—0.43|.

: {vious close.

PAGE 11

THE INDIANAPOLIS TIMES :

From Junk Heap to Tractor for $70

MAY SECURITY

Missouri Union Electric, Firestone Offerings | Bring Rise.

WASHINGTON, June 28 (U. P.). —New securities - issues $272,521,000 -were effectively regis-

2 |tered under the Securities Act of |De 1933 during May compared with a

$102,761,000 in the 1940 month, according to an analysis issued today

® | py the: Securities & Exchange Com-

mission, sale by issuers amounted to $164,480,000 against $99,739,000 in May, 1940, the report said. The analysis

crease was accounted for by a few

: large issues rather than by any in-

crease in the number of registrants. Around 60 per cent of the total proposed for sale during May was represented by the Union Electric Co., of Missouri’s registration of $85,900,000 in bonds and $15,825,000

*lin preferred stocks, while Firestone 3 | Tire & Rubber Co. accounted for

most of the remainder with $49,500,000 in debentures. ‘The analysis also disclosed that, as has been the case for some time past, only a small part of the total net proceeds to be realized from the May financing represented new money, ® this category showing a total of $12,642,000 or only 7.9 per cent of the May registrations.

STOCKS IRREGULAR: COMMODITIES SLIDE

NEW YORK, June 28 (U. P.)—

modities broke sharply. Selling was heavy in cotton, wheat, soybeans and lard. It We cluded short selling by holders of cottonseed oil contracts. After the close yesterday Price Administrator

ceiling on cottonseed oil would be set - and the latter market was closed today in line with the usual summer practice. A wide break was feared for Monday and holders of contracts were attempting to hedge

‘|lagainst loss through operations in

other markets. The commodity drop had a dampening influence on the Stock Market, although there was no partic-

%|ylar pressure to sell. Loft featured

in volume, made a new high and then dipped to the previous close Next came Warner Bros. Pictures and Wilson & Co., both unchanged. Canada Dry, hot weather stock, was active at a new high of 13%, up 5%. Steel shares were dull with prices|y mixed. Rails held around the preUtilities were steady. General Motors was firm.

FURNITURE MAKERS MAY DEFY HENDERSON

NEW YORK, June 28 (U. P.).— A general increase of 5 to 10 per cent in furniture prices appeared immi-

nent today despite Federal Price |B Administrator Leon Henderson's request that further advances be

of the question.

day and is slated to continue that manufacturers will go ahead with price increases, regardless of the Federal Administrator’s opposition, on the grounds that rising labor and material costs have made immediate action imperative.

COLUMBIAN COFFEE SUBSIDY REPORTED

BOGOTA, Columbia, June 28

| (U. P.).—Informed quarters reported

here today that the Columbian Coffee Growers’ Federation has received a subsidy of 5,000,000 pesos ($2,900,000) from the government

1% |to help stabilize coffee prices.

These quarters stated that the subsidy would be used to purchase coffee in the domestic market. Reports also circulated here to the effect that virtually the entire coffee crop has now been picked and sold.

INDEX REPORTS TRADE GAIN NEW YORK, June 27 (U. P.).—

n" Business activity during the week

ended: June 21 jumped to a record high for the seventh consecutive week ‘as measured by the Industrial Index compiled by Moody’s Investors’ ‘Service. ;

ng People’s |

Just. to prove Yankee ingenuity is not dead, Norbert youth, built this tractor from discarded automobile parts for only $70. The job took him two weeks.

ISSUES HIGHER i:

totaling | Col O&G

Securities actually proposed for|]

emphasized, however, that the in-|j

M Stocks and bonds moved irregularly in dull trading today while com- Mia

Leon Henderson warned that a price| 2.

withheld pending a thorough study

s,| Opinion at thé summer furniture A show, which opened here last Mon-

through next Wednesday, indicated | pup Te

Curb Stocks mW

i y

Ras

Ye Ya 1/ Va

PHL

3reeze Corp .. Brewster Aero . Bridze ept. Mach. Ca .

Cities Ser Cities Serv 6 ‘pf 30%

- FL erste a aa

“oe ..

Fal

Penn Cent Air . Pioneer Gold .. Republic Avn .. 5t gis Paper.. Selected Ind ... Shattuck

Singer Mfg .... Std Oil Ky n Air Pd Un Cigar Strs .. Un Gas Corp .. Un Lt&Pwr

-5 st “I DICOF ON BDI wT

Wright

Chicago Stocks

Hig Low Close

arg ...

Allied Lab Inc ........ Borg-Warner .......... 1 Butler Bros Cent Ill Sec cv pf.. Cent Ill PS pf ..... Chgo Corp cv Chgo Flex Shaft ... Cities Service ......... Comwith ison sues ee Fox P B

Gt Lakes Dredge Ill Cent RR .....

Inl a Co .... Jarvis W B .e Marahal Field . McCord Rad A

ancp ... Ns Stl Car Schwitzer-Cu Serick Corp B Stan Dredging ...

LOCAL ISSUES

Nominal quotations furnished by National Association of Securities Dealers.

Stocks Bid Ask

Agents Finance Co me... com.. T% 9 pfd.. 4 a:

k pf d Pow 9% pid Circle Theater com

*Hook Xie Inc ¢ . oo 14% Home T&T Ft in 7% pid. 50 Ind Asso Tel Co $5 pfd ......104% Ind & Mich Elec 1% pid v...109 Ihdpls Gas com .......e00000 Ind Hydro Elec 17 ‘of. y *Indpls P&L 5! 3at% hd. Indpls P&L col “es *Indpls Water Bo’ ‘pfd Lincoln Loan Co 5%% pfd ... Lincoln Nat Life Ins com ... 2 N Ind Pub Serv 5%2% i Sones Ind Pub Serv 6% pfd.. N Ind Pub Serv 7% Pid. avavs Progress Laundry co Pub Serv Co of Ind 8% pid.. Pub Serv Co of Ind T% pid.. So Ind G&L 4.87% Terre Haute Elec 5% pid. Union Title Co com ... Van Camp Milk pfd .. Van Camp Milk com ..

Bonds Algers, Wins'w, W RE in 3%. 19 American Loan 5s . American Loan 5% i . “100 h of Com. Bids Go 0 428 pf 61 78% Citizens Ind Tel 4%s 61 ......103 Corisol Fin 5s 50 . 99 ra RY nolds Tarlor oy 42. 1% g....

T&T Home T&T Ft wayne 6s 43... 103 Ind. Assoc LTS Co _3Y%s

53% 121% 95

N Ind Pub Serv 3%s 6 N Ind Tel 4%s 55

Co 4%

Term Corp 58 57 ....... 10

Trac Ex-divide nd

JOHN HANCOCK CO. CONFERENCE OPENS

The sixth Indiana - Field Club meeting for leading producers of the John Hancock Mutual Life Insurance Company is being held this week at Spring Mill State Park, according to Dan W. Flickinger, general agent. Those attending the three-day meeting include Walter B. Lichtenstein, Ed 'R. Grisell, J. R. Jones, all of Indianapolis; C. K. James, Logansport; M, R. Winfield, Lafayette; John C. Irwin, South Bend; George H. Goethals, Mishawaka; Floyd E. Leeper, Plymouth, and Ray 0. Woods, sales manager, and B. A. Burkhart, office manager.

PERSONAL LOANS

May be arran through our Personal ped Department

The Peoples State Bank

J! E. Mls Ld t Ins.

msm

" . on Everything! Diamonds, Watches,

“Musical Instruments, Cameras, Clothing, Shotguns, Ete. 4 JEWELRY

. sell said. a | sure for the substitution of ma-

Nordhus, 19-year-old Marysville, Kas, farm

PRICE STABILITY IS PREDICTION

[Agricultural Official Warns, :s

However, of Decline in Quality of Goods.

CHICAGO, June 28 (U, P.).— Reign S. Hadsell of the Agriculture Department's consumer counsel division predicts that prices will

remain stable during the national |get , | emergency but that the quality of 2 {many articles will deteriorate,

“In this defense period, .consumers are going to have to be better buyers than ever before,” Mr. Had“Already there is pres-|2

terials in some industries. “An interesting example is that of a percale dress which had bean selling for a ‘dollar and which formerly had 80 threads to the inch each way. Now, it is to have 68 threads to the inch one way and 72 the other. The price remains the same.”

JUNE ARMY AWARDS $891,845 IN STATE

Army contracts totaling $891,845

% |were awarded to Indiana concerns

in the first 15 days of June, Louis|j Hutchinson, acting state director for |N the Office of Government Reports, said today. Funds made available to Indiana

d lnow total $442,489,054, exclusive of

Navy contracts awarded since June 4, On that date Secretary of Navy Frank Knox announced that in the interests of security press releases

concerning between the Navy De-|Net Def

partment and individual contractors would be discontinued. Until that date, Navy contracts in Indiana amounted to $8,234,081, Mr. Hutchinson reported. The Army awards in Indiana were for purchases ranging from rifle

2 targets to trucks.

Z|COPPER SHIPMENTS

SET RECORD IN MAY

NEW YORK, e 28 (U, P).— Manufacturers’ shipments of finished copper goods in May rose to a new record high at 139,000 tons, according to trade statistics released today. April shipments were 126,000 tons and in March, the previous high, they were 137,500 tons. Manufacturers used 49,000 tons of Latin-American copper in goods delivered last month it was reported.

SOYBEANS DIP: MARKET LIMIT

8-Cent .Drop Follows Move To Fix Cotton Seed Oil Prices.

CHICAGO, June 28 (U. P.) —Soy beans prices tumbled 8 cents a bushel on the Chicago Board of Trade today, the permissable limit allowed under exchange regulations, A wave of liquidation struck the

“|soy bean pit following the Governe

ment announcement that a ceiling for cotton seed oil at sharply lower levels will be fixed. Some recevery was noted from the low levels with prices moving withi an extreme range of 2 cents a bushel. Bulk of the trade was between brokerage houses and professional traders. Soy beans finished 8 cents a bushel lower with July at $1.48%. Wheat was off 3% to 3%; July, $1.03% @ 1.03; corn, 7% to 1% lower; July, 73%; Oats, off 3% to 1; July, 37%, and rye, 2% to 5 off; July, 55%.

Wheat— RANGE Open High Low July .$1.03% $1.04% 81.02%

Sept.. 1.05% 1.06% 1.04 Dec... 1.06% 1.07% 1.05%

Prev, Close 1.06% 1-5 1.07% 1

N13% 5% aM

1.49% Lie 140% Lan 1.42% 10.10 9.97 10.62 10.25

10.55 *New: 10OId; aAsked.

40% tOct.. 1.40 Dec... 1.42% Lard—

July.. : 3.9

ASH Whe at—No. 1 Sa $1.05. 1 hid icy 4Y4@"75¢; No. 2 yellow, CE: No. 3 yellow, 73'2@75¢c; No. @"173%c; No. 5 vellow, 7134 Sipde ye yellow, 67@171'2¢; No. 2c

. ac; No. heavy, 39%2c; No. 1 mixed heavy.’ 31% @ 396, ariey —' Maliting, 55@65cn; feed and screenings, 45@5lcn; No. 1 barley, 63c; sample grade, 53c. Buckwheat—No. 1 or 2—$1. 491 .45n. Rye—No sales. Soy Beans —No sales. Cash rovisions—Lard, $9, 90a; nose, 1) 50a; leaf, $10.12n; bellies, $12.62n, Asked. b Bid. n Nominal.

LOCAL GRAIN

Whea opal: receipts, 29 carloads: No, 1 red, 97 No. 2 red, 96@97c; No. 1 hard, 95@ 9) ‘No. 2 hard, Sag@psc. Weak; recei ps, 55 carloads; No. yellow, 69%. @170c; 3 yellow, 8174 @ 68%: This corn, 3G over yellow; mixed 1@2%e under. Oats—Weak; yectipts, 3 Sarioads: No. 2 white. 34% @35c; No. 2 red, 33%@ 34c. Soy Beans—Weak:; eceipts, ? rn load; No. 2 yellow Indiana, $1. '[email protected]; No. 2 yellow Illinois, [email protected].

Corn—

WAGON WHEAT Up to the close of the Chicago marke today Indianapolis flour mills nd A elevators paid 97

me ber pug for fad ge r 0. w corn, 76¢: No. 2 white oats, 33c. . susie

——————————————————————————————— 5% 3 " U. S. STATEMENT WASHINGTON, June 28 (U. P.).—Gove ernment expenses and receipts ‘or the cure rent fiscal year Ehrough June 26, come pared with a year ago g this Year Last Year Shenises. .$12,515,826,643.78 $9,512,611,509. Rece 7.545.060, 321 5.844.528 12 Resor Bet. 4,970.765.9 g 13558 $907. 134.031 ‘85

154 2% ; Cash Bal. . mn sie 551.04 Work. Bal . Pub. Debt. Gold Res. . Customs...

INDIANAPOLIS CLEARING HOUSE Clearings ,425, Debits 10,653,000

FOREIGN EXCHANGE

NEW YORK, June 28 (U. P.).—Follow« ing are closing cable rates on major cure

rencies. . ig Net

(Pound)

England (Dollar)

Canada Japan ( Cuba eso) Mexico (Peso) . LINK BELT PAYS DIVIDEND - CHICAGO, June 26 (U, P.).—Di« rectors of Link Belt Co. today dee clared a quarterly dividend of 50 cents a share on the common stock,

caer

payable Sept. 2 to stockholders of record Aug. 8.

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

And

, EP EFITTED | Women's

LEON TAILORING CO.

235 Mass. Ave.

FORMAL DRESSES

For Drill Teams and Lodge Work. Sizes 9 to 44.

MILLER-WOHL CO.

45 E. Wash. RI1-2230 12" “Clifford” WATCH at EASIEST TERMS

Poinastond 3

MODERN CREDIT STO

129 9 W. Wash. Indiana heater

Is Opposite Us

—Ask to See the

PHOTO-LITHO and PLANOGRAPH Prints

RIE

FOR MESSENGER

Indianapolis Blue Print & Lithograph Co. .

SAXOPHONE Instruction

115 E. Ohio St. LI 4088

A SAFE DEPOSIT

BOX IS LOW COST INSURANCE 9 Different Sizes

$3 to $100 a_Year

Member Federal Deposit Insurance Corp.

Security Trust Co.

130 E. Washington

BUSINESS EDUCATION Strong Accounting, Bookkeeping, Stenographic and Secretarial courses. Day "an evening sessions. Lincoln 8337. Fred ase, Principal.

Central Business College

Architects and Builders Buildin, ng Pennsylvania & Vermont Sts, Indpls.

nd A——

Passenger Cars FOR RENT

DRIVE IT YOURSELF, Ine. Phone RI ley oe

ICT SY

ERIN]

LE EAT

WII A a WT 4 CONVE y 44 E. Wash.

& Co 84th & Penn. 5339 E. Wash.

To Keep Valuables Safe Rent a- Safe Deposit Box at

% THE *% INDIANA NATIONAL BANK of Indianapolis

PROGRESS LAUNDRY has solved the problem of laundering Chenille B edspreads.. MArket 2431.

wovt?¥ smoes $1.00, $1.47

TRY A WANT

THER Wii