Indianapolis Times, Indianapolis, Marion County, 3 July 1941 — Page 13

Insurance He

HARMON PLAT BEING ENLARGED

Four New Units Nearing Completion on 16Acre Plot.

The Marmon-Herrington Co., busy at work turning out Army trucks and tanks, soon will cover approximately half of 16 acres of fenced-in ground within the City limits at W. Washington and Harding Sts. company .officials announced today. Construction work on four build-|% ings are nearing completion, they said. Steel is going up to bridge the space between two large assembly line buildings and a slightly smaller building to be used for engineering and experimental development department is nearly finished. In addition, the size of the plant's shipping building has been doubled and an additional story placed on the personnel and recreational building for employees. Plant officials emphasized that there has been no waiting for completion of new construction to increase output. Machine tools have been ordered in advance and manpower is ready to utilize each new building as fast as it is roofed. The officials said this is because of planning before the national de-|

FINAL STOCK QUOTATIONS YESTERDAY

By UNITED PRESS

DOW-JONES, STOCK AVERAGES 30 INDUSTRIALS esssmsnssnccsssses 123,58 0.93 eesssess 128.96 0.44 eoesses 11813 10.45 |3q Holiday

High bicet Corp ... 31

ig hi : Su 3 . a )

Shiegel Je of. Sbaare D B > . td Brand: £ Re Sid G & s 1d,

: Net: High Low Close Change

Ar 18% | Yesterday 5% 57% s | Week Ago .....

Acme ph Taph.’ 127% 12% th A C . 8 . Reduce a a1Tn Ya Mon 1°

g ; . Al Installment Plan Is Being Curbed— 4s i 2 ante pe 4

A . But Don’t Blame Henderson This Time 4 a ia. 20 RAILROADS By JOHN W. LOVE eis san vies Tene Tipfes Special Writer That wonderful American invention, the installment Allis-Chal .... 28% account, is ‘being curbed and confined as a sacrifice to put off Am Ag Ch Del 17% the evil day of price inflation. an a vu Leon Henderson, the big price administrator and civilian Bost 5 3 supplier, has been hlamed for many things but is not to Am Gr & & Fay stu blame for this, though he is happy that it occurred. If it|am Chain & n sc 199 had not, he would have sug- am EEE it gested it. A ol PF F Ft pt 13% - A spreading feeling among

merchants is responsible for reducing the time allowed for installments and raising the cash payment. In f

el ...

Sad 5 a

= Pt ht ht QO DD Be 23

t= &

+0.17 +0.14 | St; +0.04 Holiday

Yesterday Week ARO ..iiesessnssencans Month AZO ...covevcssseeses Year AO ...c.cccrvansnnccnes High (1941), 20.74; Low, 26.54. High (1940), 32.6%; Low, 22.14.

15 UTILITIES

sessensssnns

21.72

gam ions

Stone & ih Stude shaker -

Sun Oil Sun Oil of . Sunshine Min . Superhtr Superior Oil . Swift & Co . Symg-Gould w Syming-Gould. .

Res on HE £ HEE

18.04 0.33 17.95 40.22 1746 40.33 Holiday

Yesterday ...... Week Ago ..... s | Month Ago ... Year Ago High (1941), High (1940),

~- A NE Jade. as Far Sears

sees sevssernss

ssesessecsncee

20.65; Low, 16.82. 26.45; Low, 18.03.

From Steel Facts

SOUTHEASTERN POWER LINKED

Measure Ordered to Meet Threatened Shortage For Defense.

WASHINGTON, July 3 (U. P).— The Federal Power Commission has ordered a series of inter-connections among power companies to supply

¥ Net Close Change 1% —-_ Ya

High Low

Grum Air BE .., 15% 15% Gu M & Oh pf. 16 16

a 14% 14% 13 13

+1 1+:

Holiday

By UNITED PRESS All U. 8. security and commodity markets, banks and livestock yards will be closed tomorrow in observance of Independence Day. Banks and most of the markets will be open on Saturday, ‘however. The ' Indianapolis ||4% Safe Razor di Stockyards will be closed both Am Snuff -.... 44% tomorrow and Saturday as will - | [4% Su Fdies = *the Indianapolis ‘Board of Trade.

HOG PRICES UP;

ter Am Tove ul 10% Am 13

Am So Bf... oe 94 Am Ma 11%

Esser we Pees

Robert I. Blakeman Jr. ( supervisor of the ‘Ind agency of the Penn Mutual Insurance Co. has been elec president of the Indianapolis . sociation of Life Underwriters a mail ballot, it was announe today. Mr. Blakeman succ

Hall Print ..... Watch ...

Washington it was still possible not long ago to arrange automobile installments to cover two years. Now 18 months or less is becoming the rule. General Electric has been trying to i ; get us dealers to cut down conMr. Love siderably the

534 303 03 03 30d 03 = ¥ Re

ri-Con} PE.

Tra 20th. centr Twin

3 tl

SHIFTED Lt pt

roe 8 185

EE EEEEEE aE eee

Hupp Motor ... Und Ell Fish. 36%

[11 Central .... 11 Cent pf ce ndpis Bw & nd R Ingersoll] "Rand 1

Oren D. Pritchard, who was 1 an honorary director.

SELECTIVE BUYING

Hl 1H

Ra Cop 11% nsshs tcs Md 6 Interlake Ir ... nt Harvester . ut

maximum time of 36 months. Several department stores in the Middle West have suddenly stiffened their installment terms. Consolidated ‘Edison in New York is reported to be asking larger down payments on appliances. If the movement does not proceed rapidly enough the Federal Reserve Board is expected to take a hand. The Board would have no difficulty reducing the borrowing facilities of the finance companies with their. banks. Another agency which has been following the ques-

tion of consumer credit for a long|y

time is the Department of Commerce.

J Mr. Henderson, the director of

the Office of Price Administration and Civilian Supply, has been familiar with the ins and outs of installment finance since he was with the Russell Sage Foundation, before he joined the NRA. Restraints on installment and other charge accounts fit in with his efforts to control prices.. They do this because they reduce the consumers’ demand. If the demand is kept down to the supply, then prices don't rise. Millions of newly optimistic people have been running up their tallment accounts along with the flowering of employment and the rise of wages and overtime in defense industries. They have been buying what the economists call the “consumers’ durables,” many of these the products of the same concerns which are booked up with defense orders and now having difficulty getting their materials. It is figured that if the cash payments are hiked on this merchandise the dealers will have less temptation to rdise prices or lower trade-in allowances. The danger of manufacturers raising their prices to the dealers will also be smaller, or so it is believed. Officials at Washington are not united, however, in believing: the restrictions on installment accounts will run very far or be very effective in the end. Government offices say that about

$5,000,000,000 worth of installment |Good—

accounts are now outstanding. In addition the ordinary charge accounts at stores probably run - $2,000,000,0000 and the consumer debts to doctors and other professional people would be $500,000,000 or so. On new automobiles the average account has been running 18 months or longer, on used cars 15 to 18 months, on refrigerators and washing machines probably 30 months, on radios 12 months. If only the dealers and sales finance companies shortened their terms the customers might, it is

admitted, go across the street and Good

borrow the money from personal

finance companies, of whieh there §

are some 4000, not to mention perhaps 15,000 banks which make personal loans. If the amount of such borrowing rose while the installment credit was being cut down, then the Federal Reserve Board would probably be asked to do something, if it did not move on its own initiative. An argument which -is making headway among merchants is that many customers are obviously stocking up in the fear they cannot

get the merchandise later on, at|Good—-

least not at today’s prices, and that this movement could easily be

overdone. In a defense boom as Ch

truly as in the 1920s. Some customers are likely to be in trouble next year when the heavier income taxes take effect. Other customers might be affected even sooner—by layoffs and shutdowns as their employers ran out of materials and could not replace them, due to the Jetluisidons of the defense indus-

The move is the first of a definitely deflationary nature to take place in this country since 1937, other than tax increases.

GUARANTEED

We 7/7), ie.

AT OUR USUAL [AL i Ay

BE XI)

ILL.

PEAK AT $10.90

Indecision as Sellers Force Rise. HOG PRICE RANGE

essssssscscsss cs. $10.60

sssssssesscssssse 10.85

essssssesssssscns 1100

Hog prices rose 15 cents on most weights at the Indianapolis Union Stockyards today, according to the Agriculture Marketing Service. The peak price, quoted on 200 to 210 pounders, was $10.90. - The rise came after early indecision in the market as sellers sought higher prices for the small receipts.

HOGS cesservene 8 [email protected]

200- 220 pounds . 220- 240 pounds 240- 270 pounds 27)- 300 pounds 300- 330 pounds 330- 360 pounds

edium— 160- 200 pounds Packing Sows

360- "400 pounds 400- 450 pounds Lo 500 pounds Medi 250- 500 pounds ......... “ew Silas hter Pigs

ounds.

secvsevsscsns

Medium and Go - 120 p

Slaughter Cattle & Vealers (Receipts, 200) Steers 8 ceceicencs ...$11.75 [email protected] Heals [email protected] 11.00

Choice— 750- 900 pound 900-1100 pounds ..cecccccecse 1100-1300 pound 1300-1500 pound

secs sass

11.75

+ [email protected] | &

[email protected] [email protected]

8.50@ 9.75

ese

p . 1300-1000 pounds

Med 750 1100 pounds ...ececcssece 1100-1300 ) pounds essssensnencs

Com 150-1100 ) pounds Steers, Heifers Cholc

a. 500- 750 pounds ......cccc000 Good:

500- 750 pounds

Heifers Choice— 750- 900 pounds . Go

0 — 750- S00 pounds s..eeeececves Mediu 500. 900. pounds Com 500- 900 ) pounds

ssevcsssscas .

[email protected]

sseenareeses

esses asnesee

3250 8.75 8.25

(Yearlings excluded)

8.25@ 8.50 7.75@ 8.25 7.00@ 7.25

Medium . Cutter and common ..

11.50 10.50

Vv Good and choice

seesss 11.00 Common and medium .. 8.00

Feeder and Stocker Cattle (Receipts, 400) teers

sesissasnvoee 10.75 . 2» SJ0s SC

Chol 500- S00 pounds 800-1050 pounds ....

11.75 11.50

[email protected] [email protected] [email protected]

1.75@ 9.00

500- 800 pounds 800-1050 pounds Medium 500-1000 ) pounds

®esppecvsces. seseesese ese

500- 20-900 3 pounds ............. Calves (steers) Good and Shelce— 500 pounds Medium: 500 pounds down

Calves (heifers) Good and Choice— 500 po

[email protected] [email protected]

10:[email protected]

down : SHEEP, LAMBS (Receipts, 200)

Lambs {spring Good and choice . Censure --$11.00 Medium and good costae see [email protected] Common 00@ 9.00 3.18 3.26

Good and Ore ve neeny Common and medium ........

OTHER LIVESTOCK

WAYNE, July 3 ~—Ho ng to 20 cents nigner: 26 2220 0-200 160- :

3.25 2.25

=Ask to See the “Clifford” WATCH at . EASIEST atond

‘2

MODERN CE fond

129 Ww. Wash, 5 is Opposite ena

Lux Laundry |

for Better Service

Phone BR-4561

BUSINESS [EDUCATION

Sto Ions Accou! Bookkeeping, lenggraphis oT th courses. Bey ening se sessions, Lincoln 8337. Fred we See, principal

Central Business College

Architects and Build ildin, Pennsylvania z orn rr Indpls.

OPEN TONIGHT ~ TILL 8:30 P. M. ALL DAY SATURDAY EVENIN TILL P.M.

SAY IT WITH FLOWERS

From

Allied Florist Association : of In

diana

*Drive Out to Washington P Park Cemetery

shrubbery sre DTS 808 shrubbe pleased = with your

Ap Receipts |] 8,000

12.75 |S

Col [email protected] [email protected]

[email protected] | [email protected] | 8.00@ 9.50 |S

8.25@ 8.75 | 5

[email protected] Dev

jaace Gable: Anchor Hock Gl 1 Armour Ill Armour Ill pr ‘pt Jrmsirong Ck.. 2 Asso Dry Gd

Advance Comes After Early auc Lin

Aviation Corp ..

3ald Loco ct....

3org-Warner dgpt Brass ... riggs Mf 3riggs & Bruns-Ealke ... 2 Bucyrus-Erie .. Bucyrus-E 7 pf. ‘nz. udd M

g Budd Mig Budd Whee Bulova W ...... 3 Burlington M .. Burl’'n M cv pf. § Burrou PFE 8 Bush B n ctf 13% Butler B 5% Butler Po, “pt. 20%2 Butte Cop & Z. 4% yers, A M yers pf

: $ Cal Packing ... Callahan Zinc.

. [Calumet & H...

Campbell Wy . Canada Dry .. Can Pacific .... Cannon Mills.... 3 Usrpaimers we

Caterpillar T .5 Celanese

9Ys 70 Y.. . 3 Cerro de Pasco.. 33% Certn’td 6 pr pf 3 Chain Belt 7 Ya Champ Pap pf. 1024 Checker Cab ... 13% Chi o 2%

Gity 1&PF pf.. City Stores .... Cleve Graph Br. 2574 Cleve Graph Br.100 Climax Moly Co 373 Cluett Peab .. 8 38 »

ia igi Col Broadcast B 13" lum Gas ...

ison Cons Edison" of os Cons Film Cons Laundries 2d oil Va

2% ont oo Del.. 23% Copweld Steel.. ag

6.00@ 8.00| Crane Co

Crucible pf ... 8} Cub Am Sug 4% Cub Am sug ‘of 35% Cudah, hy, 2%, Curtis Pub % Curt Pub pr of 28% Curtiss Wr Curtiss Wr A. 27a Cutler Ham 11%

op.

Davison Chem.. Dytn P&L cu 10812 Deere & Deere o Hh D Lac ces Det Edison sen R A..

i 11.50 | Dist

.128 Du Pont 154%; Du Pont pf... 158%

Bast afr | Lies. ost oe To Raise

. 24% ..133% 175% 27}

oI 3

SEER Rae

oie LORD Cn ~IRMWRMIRI OME JONNY

03-3 J

QOOO0N

i oa

Wd! al

— ret iit a

Pre 4 aIDID OD SRNR SNR

- WB eIONN

S35 SB00;n ae FST NSSF

—- SBOCIaT COLIN np

in oetr FERS

al AF +H H+

HEE HE FL H+

FERRER

Tb RE

DEEL EL

DEH

1333+

PH EL

FEEL LHe) SEER

roid Ses

8 BE

+ Ty

DHE EEE | LE EE gy .

FES SE RREFEESRS

«ae

Ld bbl bl bb .-. - -

= OE a a nan

sR EE LS [YH

“en oe. “oe “oe

et > Nass

wa SNe

4 Johns-Man

Marine . ot Nickel nt P&P

10 8%

10% 8% a

64 Jns & Ia 7 ‘pt. 10314 103% — Ralamaloo S&F 10Y, Kan C ... 4% Kan C Sou pf. 1 Kelsey-Hayes B Kennecott .... 37 Kresge Ss

25 Le G & B. 26%

nteriype

10% 413

6s 37% 245 25% 2

Laclede G ...

Glass . Libby (MeNaL. | Ligg & ay 7 86%, Lise & ty pf. 171% Link Belt sn Lion Oil Ref . Lehg Loe

30 117% . 25% 9%,

Long Bell Lorillard 17% —_—M— Mack Tr ees 31 307% Macy RH . 24, Manati Sug Mkt St Ry prot 80 I Va Marshall oa p 16 Va

ory 14% McCrory piww 105% Lite Se 2 oe Melville Sh nn"

Monae! & . Mesta Mach vow Miami Cop ... ident Pet ... dland Stl Minn-Moline inn-Mol bpf.. igsion gl 0-K Tex pf. lohawk Cp .. 13

83 pf A117 Monsanto Pt 3. 120 Mont Ward . 34% Mor & Ess 1 Motor. Whi Murphy G Cc. Murray

M M M

ey HE . 24%

Am % ADS 5%, of 53% Amn A 14 en!

eel Ys Se ok il Glass 45% Pane Pac Am PFish.. 9% Pac Fillahce . Pac Gan! . Pacific L Lig .... pace, Mills: .

Tin a baa West. oi. «1% Packard 1a Pan Am Away 15h Panhandle 1% Paramt Pict Para Pict 1 pf 11% Parke Davis ... 2814

- 134s 6Y4

id Tel 2 8% Press St! Car.. 10%

Raybestos . Rayohier .

Reading 2 of. Reo Mot. vtc....13-16 Ro lic S pt A 86 Re

dd ty fee

oho ne

ss’ P Bu 1c 16%

—— 421 39 36 35 # 4

Len Oye ~ coco SRE

— [>

pars nt pt BD bt REID 25 DO Fa

- LO ty += —- CRAB nD at

FETE LL HE EE

11-16 Univ Plot 1 pies 155% Vo

Vanadium 25 Van Norm Mch. 12%; C. veo 42% «3404 Va-Caro 6 pt.) ha Va I C&C pf ...

Wabash cise Waldorf Sys un Warner Bros.. Warren Br pf. 1274 Wes 0il&S - 33 3Y2 West Pa El 2

Wilson pf Woolworth vei Worthing cv pf Bik

oh 6. po Fee

a ® ee

T Yellow Tr Young S&W ... 10 Young Sheet .. 36% Young Stl Dr.. 16%

+l 14

10 36%

16% 16%

+: ‘x

11% 1%

LOCAL ISSUES

Nouinal 8 quotations furnished by local In es National Association of Securities eale 4

Zenith Rad ... Zonite

Ask 9

114% 32

Stocks _ Bid

5 Agents Finance Co 1Inc., com... Th nts Finance Co. Inc. pid.. 8

ds ¢ Yds ofd. Central Ind CE 7% pid Circle Thea com . Comwlth Loan 5% ord .

Hook Dru Pt “Wayne 1

14) Het]

10 16% Home T& 53 sso Tel Co § 107% Ind Mich Elec 7 ‘ee Indpls Gas om Ind Hydr Indpls P *Indpls P.

ord” cone 198

ceseses [11% «19

*N Ind Pub Serv 7% pa Proacess Laundry co Pub Serv C5 of Ind 8% ‘pd; Pub Serv Co of Ind 7% pid. ‘191 So Ind G&L 4. vw 96 Terre Haute ‘Eieo. 5% pid.... Union Title Co Van Camp Milk ola evesseees 87 Van Camp Milk com ..eceeves 11

Algers, Wins'w, W BR 4% 8%. 0 American Loan iu 8

American Loan 5s 100 ref 4 eo Gis pf 61 718% 148 61 ......103

OE es Taylor 58 a. 9 Home T&T Ft Wayne 5%s..

- nN

. oe

HH 1 1 HR

G3 0 3 Baha

—

P+

+111

11+

Water Works 5s 65. 104% Pub Serv 3%s 69 ....

104% T ceieeee T0

CHICAGO LIVESTOCK

Hogs — Receipts, 6000; generally steady with some strength on weights, 190-230 1bs., top, $10.85 more freely than yesterday; bulk 180-270 lbs., [email protected]; mostly 1, | $10.60 up; bulk 180-270 lbs. [email protected]; mostly $10.60 up; butchers averages, 270330 lbs., [email protected]; smooth 300-400-1b. packing sows, [email protected], with 400-500-1b. kind at [email protected]. : Sheep — Receipts, 1000; spring lambs, steady to strong; few small lots closely sorted natives, $11.50; others grading good and choice, [email protected]; culls draggy; only strong weights to $9.50 with bulk supply,

$9 down; few medium yearlings ra 8 odd head at native ewes, $4.75; oli Jian

su ie A, 2500; calves, 300; rather slow trade on medium weight and Jeighty. steers; big weights scaling over 1400 lbs. not dependable; TRA ht

TASS, and warme and medium “weight y a tee $7.75 Sou

“-e : aah

top, $ pai ling; best medi 1b. averages, $10.75; ridged ceipts this week als ‘stimulating factor in forcing prices, Meas bly higher than week ago and not much jmprovemont this wi on fed steers scaling ward; heifers strong ane as at S11, ®: Sup ly very small; cows steady: cutters, own; bulls and vealers stea. y: weighty Bs D $350; practical top vealfew, $12; stock saltle closing weak 44 "25 cents lower, very slow

‘U. S. STATEMENT

WASHINGTON, July 3 (U. P.) —Government expenses and receipts oe the curvib fecal Tago the ough July 1, compared

els ht,

HEEL EL ail 5 5

att 2 3 4

a 8 fy on 063. 20;

Receipts . Shr Gross pet

oa BRR

SHED LEE LH

INDIANAPOLIS CLEARING our

Clearings

Debits __ FOOD PRICES

GO, July 3 mL DAD Omtioes bu.

HHH Par a8

. . a .

5 sa Sas

ness:e gi.18 Onions (50-1 oa ellows, $1.45@$2.

SACKS BROS. MAKI VACATION LOANS

ON ANYTHING

. - - . .

| By the end of this year, 411,000 kiloy, | Watts will be added:

3, |states, where the commission de-

t URGES

an additional 200,000 kilowatts of power to southeastern states where a shortage threatens defense industries. The Commission used its emergency powers for the first time to tap the generating facilities of a 17-state power pool created a month ago. The states included Virginia, West Virginia, ‘North and South Carolina, Georgia, Florida, Alabama, Mississippi, Arkansas, Louisiana, Kentucky, Texas, Tennessee, Ohio, Indiana, Pennsylvania and Illinois, Meanwhile, Commissioner John C. Page of the Reclamation Bureau estimated that the Government would have 2,621,062 kilowatts of ity installed in western power plants by Dec. 31, 1944, He said that the present capacity of 28 hydro-electric plants operated by the bureau is 953,962 kilowatts.

1942—250,500 kilowatts; 1943—450,600 kilowatts; and 1944—555,000 kilowatts. The shortage in southeastern

clared a power emergency last week, was caused by increased demands by defense industries and drought. The industries include new aluminum plants in North Carolina, Alabama and Arkansas.

INDUSTRY AID U. S. BORROWING

SPRINGFIELD, Mass., July 3 (U. P.) —Appointment of industrial concerns, as sub-agents to facilitate the sale of national defense savings bonds to their own employees was suggested today to the Treasury Department by Roe S. Clark, treasurer of the Package Machinery Co. In a letter to Treasury Secretary Henry Morganthau Jr., Mr. Clark asserted that such action would open “a tremendous new resérvoir of funds” through which the nation’s industrial employees would be able to finance at least half of the original Lend-Lease appropriation.

DAILY PRICE INDEX [%

NEW YORK, July 3 (U, P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Yesterday. ......ierceeeve.es 138.90 Week 880 ...ceevieenecesess 139.841 N Month 280 .seeecsssssvinse.. 13496 XYear 320 ...c-eex:.. 40s... Holiday 1941 High (June 27)......... 140.52

said, the company is manufacturing

H. F. Goll, E. M. Karrman, E. J.

fense boom. Officials also pointed out two advantages Marmon - Herrington enjoys over other defense production plants in the country. First, they

machines similar to the ones it turned out before the defense effort. Secondly, because officials and employees had traveled in Europe the firm was able to guess that trouble abroad might place a demand upon the organization to aid the United States defense.

VICTOR C. SEITER HEADS CONTROLLERS

Victor C. Seiter, Citizens Gas & Coke Utility controller, has - been named president of Indianapolis Control, local organization of the Controllers Institute of America. Other officers are F. J. Schlatter, Kingston Products, Inc., Kokomo, |? vice president; Foster Oldshue, Railroad Men’s Federal Savings & Loan Association, secretary, and B. C. Schaefer, Advance Paint Co, treasurer. New directors are C. R. Keogh, Dowd, Charles Israel, Paul Stark and Dale Hodges

WHEAT OFF SLIGHTLY IN COLORLESS TRADE

CHICAGO, July 3 (U. P.).—In a colorless trade, wheat futures moved within narrow limits on the Chicago Board of Trade with prices showing little net change. At the end of the first hour wheat was unchanged 'to % cent a bushel lower with July $1.04%. Corn was unchanged to off 4; oats unchanged to off %; rye unchanged to % lower and soy ‘beans were 1 to 1% cents higher.

WAGON Up to the close of the Chicago market today Indianapolis flour mills and grain elevators paid 95c per bushel for No. 2 rec wheat (other grades on their merits), and Jed 71¢ per bushel Jor shelled new llow corn: No. white shelled Noa 76¢c: No. 2 White On asc.

LOCAL PRODUCE

Heavy breed colored hens, 17c; coloved hens, l4c; Leghorn hens, 12c; No. 2 Leghorn hens, 9c; Ay Barred and ite Rock, 2 lbs. and over, 17c; No. springers, Barred and White Rock, ldc; Leghorn springers, 2 lbs. and over, 15¢c; 2 Leghorn springers, 2 lbs. and over, ig cocks, 206.

s—23Y2c Batter ter No." 1 37% @38¢: No. 2 36@ 36%c; butterfat—No. 34¢.

WHEAT

NEW YORK, July 3 (U, P.) ~~ Stock Market added to yesterd gains during the morning dea today with volume rising as co pared with the previous session,

only slightly higher on aw

issues as much as 4 points,

ican Woolen preferred at 69%, 21g; Atlantic Gulf 27%, up 1%, its preferred 30%, up 1%; Can Dry 14%, up %; J. 1. Case 67, up Corn Products 49%, up %; Gen Cigar 19%, up 3%; Laclede Gas p ferred 31, up 1; Pepsi-Cola 23%, 1%; Schenley 12%, up %; Union Oil 15%, up %, and 8 ard Oil (N. J.) 42%, up 3%. Bethlehem Steel was at 73%, 1 ; Chrysler 56%, unchanged; eral Motors 37%, off %; New 3 Central 117%, off 14, and U. 8. 56, up a.

NEW CASTLE BANK

Times Special

John PF. Russell, Farmers and I'irst National

Bal

the sixth and final interest divi checks to creditors of the bank a rate of 6.05 per cent. The payment to be made at §

bank, will bring the total of di d...ds paid to 105.05. The Mb:

gross assets of $1,028,725.25, current dividend distribution ° end Aug. 11 when checks not cal will be returned to the Comptroliel of the Currency, Washington, D, € Mr. Russell said.

DETROIT, July 3 |(U. P.).~ July 4 holiday cut automobile

9 |duction to 96,457 cars and

Wards Reports, Inc., estimated day. It was a drop from

produced last week but was o fthe 51,975 for the correspon

1941 Low (Feb. 17).. 123.03

\ (Farm pickup prices Toned by ond 'Wadey C :

week of 1940.

UNITED STATES

DEFENSE

re SAVING BONDS ol

America strong

and safe.

YOU HAVE an opportunity to help in your country's defense program.. Needed funds are being raised by the sale of United States Defense Savings Bonds to the public. The money will be put to work now building our defenses, making

BY BUYING Defense Bonds you enlist in the ‘vast growing - army of men and women who are determined to defeat all

who seek to destroy our way of life. Your money will purchase a safe investment and the earning on it will yield from 2.50% to 2.90%, according to the type of bond purchased.

WE WELCOME the opportunity to co-operate with the Government—without compensation’ or profit—in making

these bonds available and we invite you to obtain your

bonds at either

of these institutions.

THE INDIANA NATIONAL BANK

OF INDIANAPOLIS

THE UNION TRUST COMPANY of INDIANAPOLIS

Affiliated Institutions

suspended business in 1933 with

The leading issues were quiet and while selective buying lifted special

Among the new highs were Amers

i DIVIDEND TO BE PA k

receiver of the ;

[]

of New Castle, today said that he’ vill begin distribution Monday ¢

HOLIDAY CUTS AUTO OUTPUT TO 96,45%

3 |