Indianapolis Times, Indianapolis, Marion County, 8 July 1941 — Page 19

TUESDAY, JULY 8, 1941 _ notin dsssb anal me THE IND VAPO wee is 7 FINAL STOCK QUOTATIONS YESTERDAY HOME BUILDING Fourth of July Holiday Caused a Decline in Several PACE DECLINES Phases of Local Business During the Past We

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS nterl : Tolay ....:.exnreers erivnsin 126.15 41.97 reas {4 ¥ Rate for U. S. Is Still 12.4 | Per Cent Above 1940, Board Reports.

Saturday .. . 124.18 40.14 Times spo)

Week ago .. +1.2% Month ago .. —0.29 Year ago +0.04 High, 1941, 133.59; low, 115.80, High, 1940. 152.80; low, 111.84, WASHINGTON, July 8. — The pace of home building in all urban argas of the United States slowed down during May by 8.9 per cent, as compared with April, although it was 12.4 per cent ahead of the corresponding month a year ago, the Division of Research and Statistics of ‘the Federal Home Loan Bank

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By ROGER BUDROW » » .'n8 . 8s

ag 1 wok ing win Indianapolis Business Summary

holiday last week along with the rest of the nation celebrating the ae Ty business estab Week Last Week - Last st W - 1940 1941 % lishments ‘were shut Sowa 2 : Week Before - Year Ago ~~ Thus Far sumption of Bank Clearings ..................S26,528,000 $23,783,000 $19,913,000 $534,020,000 $628,647,000 Bank Debits .........c000000.0....560,608,000 $56,596,000 $45,736,000 $1,313,459,000 $1,610,841,000 Postoffice Receipts .........c0..... $91,360 - $87,528 $05,841 $2,379,637 $2,477,145 Building Permits ................. $155,535 $313,512 $141,076 $4,083,458 $6,137,731 Houses $117,650 $281,000 $88,600 $1,720,880 $3,208,175 0

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Cp D . 16% Cp pt $0 we 1% ich "L Lud stl. 2 Hood Chem .154

Saturday ..occefceocscsecne Week R80 ..cccecoccsrconcee Month ago . Year ago High, 1941, 29.75; low, 26.54. : lou 10% High, 1040, 32.67; low, 22.14. Sea eae 3 15 UTILITIES Jonesicl 1 pi. 104% 103% Ss epetectannrsers Seen ne i

Saturday ..ccooev000vscncees Week 880 .ccocsccssstocsns s Kin 5 son Ki Month R80 ccccccocensnenrse . LO 8o YOAr REO ..ccvievensens ERAT , Lelsey- Hage 18%

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previous week. Livestock re - ceipts were off 13000 head from the previous week and

electricity in the city fell two million kilowatt hours from the Apartments ...ccccocccccnncnes 0 x 0 $1,556,780 $2,837,125 Business $22,400 $9,660 $44,700 $638,542 $870,064 Industries ......oocc0s00s000000 0 $15,000 0 $883,300 $1,176,000 Public .... essunsane . 0 8 0 $77,126 $225,500

asses epenRRetRtREIRE.

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Kaufmann Wr

e P&L 6 Df.. wi P&L 5 pf A 30% & SS.

Rad . Roll Mill .. 15 Roll Mill pt 65% Seating 9 Ship Build’ § Smelt 42% Snuff 5 Stl Fdies . Sugar

our Armour 1 pr 2 8 obi Armstrong C Arnold Const . Ass G

. 16% . 33 6% 5%

se 8 f.. 32% 9%

ces 24% ees 22 . 267 ves NA re 39 . 15% 30% vie l1S “31% 7%

Butler Bros tas 4

Butler Bros pf. 2 Butte Cop & 2. 4 Byers A M

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High, 1041, 20.65; low, 16.82. High, 1040, 26.45; low, 18.03,

15 MOST ACTIVE STOCKS

Sales Net (in 100s) High Low Close Change Pepsi Cola ...467 28% 26% 28% 2% 304 164 14% 16% 1% ..220 9% 8% 9% %% Int Nickel ...121 27% 28% 21% 1% U 8 Steel....119 58% 57 58% Pan Am Air. 112 13% 13' 13% Aviation Cp..100 85 33 38% Anaconda .... 96 28% 27% 28% Am Cable&Ra 93 2% 1% 2 Crucible Stl .. 89 403% 38's 40% N Y Cent..... 80 125 12 12% Repub Stl .... 88 20 19% 20 Richfield oil.. 81 9% 9% »% Am Radiater.. 79 63% 63 6% Savage Arms.. 78 10% 15% 16%

Stock sales approximated 900,000 shares, heaviest since last May. 6 when 910,000 shares changed hands, compared with 460,000 on Thursday, the previous full session. Curb stock sales rose to 127,000 shares from 96,000 Thursday.

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Ah Hoe 30% 3 Base Nat Gas 33 327

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Board reported today. The decrease from April to May is accounted for by a decline in the amount of publicly financed construction. For the first five months of the year, the volume of residential con-. struction totaled $636,683,000, a gain of 19.5 per cent over the same period in 1940. The number of dwelling units built, including all types, increased from 152,152 to 175,750. Of the total of $636,683,000 valuation for homes built from January to May, $560,209,000 represented private construction and $76,474,000 was building financed by governmental units. Increases in home building were scored sin four of the 12 Federal Home Loan Bank districts in May over April, and in eight districts over May, 1940. The largest relative gain over April was reported by the Topeka Bank district, including Colorado, Kansas, Nebraska and

| Oklahoma, with 16.6 per cent.

The greatest increase from May,

i 1940, figures, 41.5 per cent, was reg4 |istered in the Pittsburgh Bank dis-

trict, embracing Pennsylvania, West Next was

New England, where the rise was 31.9 per cent. The Board figures are based upon an analysis of building permits reported to the United States Department of Labor.

grain receipts : here jen 0 0 shels. er Roger Budrow I ae pa Sia clined 70 million gallons. On the other hand, more money was spent during the week as shown by a $3,000,000 increase in bank clearings. Postoffice receipts also increased. A report by the Indiana Employment Security Division today reveals that Indiana factory employment and payrolls increased during June for the fifth straight month to new records. Employment in the state was estimated at 367,800 workers who received more than $12,000,000 a week last month. Factory employment in the state increased 10,100 workers or 2.8 per cent and weekly payrolls gained $785,000 or 7 per cent from mid-May to midJune. This breaks even the boom days of 1929 and 1937. Manufacturers employed 80,000 more workers and weekly payrolls rose $4,450,000 than in June last year, a 27.9 per cent gain in employment and a 59.2 per cent gain in payrolls. Indianapolis employment was 24 per cent higher than May, 365 per cent higher than June last year while payrolls here were 5.4 per cent above May and 73.2 per cent above last June. "The larger Indianapolis department stores showed a 24 per cent increase in sales in the week end-

Repairs & Alterations ......... Applied for Jobs . Received Jobs .......

Claimed Unemployment > Benefits (June 28) ceasssnstencsene

Freight Carloadings: Inbound

tess necen

Electricity Output (kwh) ......... Water Pumpage (gallons) ......... Streetcar Passengers (June 28) .... Telephones in Use (July 2) ........ Livestock Receipts (head) ........ Cattle ........ Calves ...... Hogs Sheep Grain Receipts (bushels) .......... Corn, ........... Wheat ...coconescerocssne Oats .s.ceevessosssnssrescssrans RY ...cocoscesssanscaccescanse Soy Beans ......

sedescsncene S8cscccencserenrecs tes essseRsessnRtRR tra

es esessnensecse

289,000,000 364,630,000

$15,485 $7,852 $71,776 1,026 931 687 511 539 255

1,130 1,225 2,650

4013 1,972 14,534,000

3,674 5,152 12,546,000

2,833 "1,653 9,973,000 251,650,000 1,333,468 = 1,368,513 1,212,414 +226 +38 +11 32,320 45474 41,688 3,623 5,152 5,568 2,410 3,256 2,721 24,257 34,846 29,332 2,021 3,220 4,067 602,000 812,000 192,000 423,000 540,000 105,000 151,000 161,000 7,000 22,000 94,000 66,000 0 0 0 6,000 17,000 14,000

+ $365,218 21,205 9,672

95,633

9,536 45,423 310,145,000 6,043,890,000 34,517,528 96,200 1,552,920 162,590 79,484 1,261,153 132,493 10,370,000 7,660,000 295,000 1,790,000 288,000 227,000

$601,226 217,703 14,150

50,711

92,352 56,450 360,049,000 6,399,480,000 35,112,123 105,560 1,506,189 118,227 78,201 1,150,446 128,385 16,162,000 12,308,000 955,000 2,356,000 159,000 384,000

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Sources for above figures: Indianapolis Clearing House Association; Indianapolis Postoffice; City Building Commissioners Indianapolis office* of State Employment Security Division; Pennsylvania Railroad: New York Central; Baltimore & Ohiog = Illinois Central; Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis -

Power & Light Co.; Indianapolis Water Co.:

ice; ;

-ing June 28 compared with the

similar week of 1940, the Federal Reserve Bank of Chicago reported. For the four weeks ending June 28, Indianapolis stores showed a 12 per cent gain over the same

four weeks of last year. Relief costs in Center Township, Trustee Henry Mueller reported, were $8569 compared with $24,858 last year. There were 1714 cases of relief at the end of the week

Indianapolis Railways; Indiana Belle Telephone Co.; Agriculture Marke Indianapolis Board of Trade; Cemter Township Trustee; Federal Reserve Bank of Chieago, ne Serve

compared with 4362 last the ime, Your at e four days of liv trading last week Fate higher cattle prices, a 15-cent gain in hogs and steady sheep prices.

Defense Blond Quiz

Q—How much money have the American people invested in Defense Bonds and Stamps since the savings program began? A—Total sales from May 1 through June 21, 1941: Series E Bonds .........$185736,000

Series F Bonds ......... 61,488,000 Series G Bonds ......... 376,796,000

$626,020,000 Jt 5,6770,00 | 3

Total Bond Sales Defense Savings Stamps

Stamps, go to the nearest post office or bank, or write to the Treasurer of the United States, Washington, D. C., for an order form.

Net Close Ohange 38 sien 2% 17% 20 22% 32 422

. 44, 587% - 7

Note—To buy Defense Bonds and J

PORKER PRICES

Here, Highest Paid Since October, 1937.

HOG PRICE RANGE

Hog prices were generally unchanged from yesterday at the Indianapolis Stockyards today, the

? | Agricultural Marketing Service Te-

ported. The top remained at $11.10 for

s | good and choice 200 to 210-pounders, 2 | highest since . October, 1937. The

marketing service estimated 1700

unit of National Association of Securities

ARE UNCHANGED =

Top Remains at $11.10(&

Ind & In pls Gas Indpls ro a

6% pid.. 54 000 pub Serv el Ind 6° % PD [130%

LOCAL ISSUES

Monday, July 7

Nominal guotations furnishe ed by local

: Stocks Bla Ask

inc., com.. a 9 Agents Finance Co ie. vid. J com : 5 9

101 16%

q Hydro Fico WB

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Ind 7% pid..

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Algers, Wins'w, v RR 4% 5% 100 American 99 meri

h of Citizens Ind T -Re ir Bont oT Ewa el Go, 3ths 7 .

* |stettinius Jr., who put J.

OPM TO CRACK DOWN ON RECALCITRANTS

WASHINGTON, July 8 (U. P.).— The Office of Production Management was ready today to “crack down” on “recalcitrants” who refuse to co-operate in conservation of defense materials.

Over the week-end, the OPM established a’ priorities compliance division. It will work through E. R. L. Martin in charge of the unit. “In the event that efforts to ob-

2 |tain voluntary co-operation fail,” the

OPM said, “action which may be

11, | taken include:

“1. Public statements as to violetions or evasions which have taken place. “2. The restriction of supplies of critical materials until compliance is assured. “3. Court action to require compliance.”

MORRIS PLAN PAYS INTEREST

LeRoy Kahler, secretary-treasurer of the Indianapolis Morris Plan,

NEW WESTINGHOUSE FACTORIES READY].

CLEVELAND, July 8 (U. P).—= The lighting division of the Wests inghouse Electric & Manufacturing. Co. will suspend production tempo rarily this week while equipment is moved into four new buildings

produgtion. Eight hundred and fifty of the division’s 1000 employees will he given a “mass vacation” with pays: for the week, it was announced, Some 150 maintenance men and. others will work through the week: moving and installing equipment but will be given paid vacations a later date. : The new buildings will make pose sible a rearrangement of facilities that will more than double the lighting division's manufact capacity,” W. F. White, manager. the plant, said. #

DAILY PRICE INDEX:

NEW YORK, July 8 (U. P.).—D

erected to speed national defense =

{ Callahan 25 5; 1% i hi gi Canada Dry ... Vs fm eee . an Er Stl .. 28% arriers & 3

iadpia ar, 3 gh has announced payment of the 40th

semi-annual interest payment by the institute at the rate of 3 per|y,jieq for United Press (1930-32 av cent per annum. age equals 100): “esses sseenes 1290

WAGON WHEAT Yesterday ..... $5 -100 to the close of the icago market Week Ago Seven esses ensRN 138 ody Indianapolis. Jo flonr milla and np MOND ABD icoceseersisvasss 15

Richmond Sate? Wks 6s 57.. elevators pai 1 for Trae avid arp 57 LR fed wheat (other A Ry thei merits). Year Ago ese enes ann cess anen ~div! and Joid tie 1c per A ushel 1941 High (June 27) ........ 1 «1

NAVY GETS NEWEST coin act Ns white ois supe shelsd| 1041 Low (Feb. 17

COMBAT TRAINERS

$10. 10 10. 95 NEW YORK, July 8 (U. P)— . fiiiresiesess 10.00@1015 | Curtiss-Wright Corp. today an- ;

mii egies nounced the delivery to the U. 8. [email protected] Navy at Lambert Field, St. Louis, 80(of the first of a large number of a How to get an Honor Loan—No security of any kind needed —Repay in convenient monthly installments

“salable cattle were received, 700 : calves, 5000 hogs and 300 sheep.

Monday, July 7

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Medium. 250- 500 pounds

Slaughter Pigs Medium and Good— 90- 120 pounds

9. 5 be he newly completed advanced combat 9.00@ 9.75|trainer planes. The new unit, the Curtiss SNC-1, was developed and produced by the corporation’s St. Louis, Mo, plant and was delivered to Navy representatives last Saturday. 5 13.13] The plane was specifically deop oy 137 to use in training “fighting wirsssesctaee i pilots” for the national defense, rh iy but could serve in emergency as a AN YOU make good use of $100? first-class auxiliary defense unit, Would a cash loan help you? 1-3 on: 30 company officials said. It resembles Household Finance offers a simple way closely the appearance of a modern. you to borrow on just your promise

[email protected] r in size. : 3001050 fighter plane, but is smaller in s to repay. If you have a job, you are 8.50@ 9.76 invited to apply for a Household Fi- - ssspnsstee re . 1 » 58 poms roo, 91387055 waves Honor Loan, [email protected] | M jume- ovads [email protected] [email protected] Com mon. ds 750 9.00 Clbos 900 pounds v [email protected] | goog and chee steers) RO-200 POURGS +eeceereseess 10.50@11:50 NR pounds down... ++ [email protected] um— J ds down [email protected] : oan 200 pounds sessesvnseee [email protected] poun ows, (heifers) $100. Monthly installments of $9. 77 800-500 pounds carsserney: S90 980 iho Ey vasisstrss: . 1050@12. soyiach, for instance, will repay a $100 od $s 2 Wiles is down 2.50©10.50 | loan in full in twelve months. Or, as Medium .. : jaa SHEEP, LAMBS ‘(Receipts, 200) |little as $6.43 a month for twenty Cutter and common . BANDEL 'svesvrsssnnsesnrssnre - Labs spring) months will also repay a $100 loan. . Bulls and choice . (Yearlings excluded) d

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signed promise to repay. It is not neces essary to ask friends or fellow-workers to sign the loan papers with you. And at no time do we question friends or ' relatives about your money affairs; You get ‘vour Honor Loan simply and privately, Payments in the table ine clude charges at Household's rate of 2%4% per month on that part of a balance not exceeding $150, and 14% per month on that part of a balance = in excess of $150.

Fair treatment

If you should get sick or lose your job while paying on a loah Household will show every consideration for your . circumstances. If you have a money wy bring it to Household. Or just phone and say you need a loan. We're here to . serve you, Phone or visit us today without obligation. wl

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Medium. 750- 1100 pounds esssesvsesans 1100- i300 pound B ciiescscecnce

Com . 150-1100 ) pounds Steers, Heifers

Cholce— 300° 750 pounds 0 — 500- 750 pounds

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You may repay your Honor Loan in convenient monthly installments as shown below. Suppose that you need

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Simple to borrow

a) 3.73 | All you do to apply for your Honor ++ 3.35@ 3.35 | Loan is to tell us how much you need and how you prefer to repay. We re-

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cerssssverressseecess 8.509 9.00

Good . Good Shen sarap fannen He Te: i8 {8 Good And ¢ oie Att] 1 psi } Cacaco Livestock quire no stocks or bonds—no security Sammon M i ¥'] . tony to. 10° cents oe of any kind. You merely give us your FIND HERE THE CASH LOAN YOU NEED

Feeder and Stocker Cattle (Receipts esterday’s average, most early bids r 99) yo tay good and choice 190-270 i pounts siz MERGER ealvos—so. Shep 100. CHOOSE YOUR MONTHLY PAYMENT HERE » i 2 (7

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TOMOBILE INLAND MARINE INSURANCE

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12.98 |§ 6,66 25.95 | 13.30 38.93 | 19.95

51.91 | 26.60 64.89 | 33.25 77.86 | 39.91

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GUARANTEZID

SAXOPHONE De haul?ir1G Instrustion = {A i,

INDIANA MUSIC 00, 115 E. Ohio i. LIL 4088

FEES Shes FEST FF DERE 4 4

Already the LARGEST SELLER to Prevent Under-arm Odor 1. A BETTER way to prevent rancid odor sad perspication stains. 2, Saves/shirts from used : by under-arm i AL 3. Takes but halfa minutetouse. AU 4. A greaseless cream which disappears at once. S$, Arrid has been awarded the . Approval Seal of the Amer-

ican Institute of Laundering + for betng Hecoalest 1 Dey Lal

- More and more MEN turn to Arrid every day . . . try a jar.

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LOW PRICES R i MARILYN FURS A Better Far Cot 2008 i. h, Woridian a.

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‘REESE ESSE

PERSONAL LOANS $20 TO $300

Hous HOLD FINANCE

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