Indianapolis Times, Indianapolis, Marion County, 12 July 1941 — Page 11

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SATURDAY, JULY 12,

1941

\ BUSINESS

Drives. for Other Needed Metals

. May

Follow: Aluminum Collection

By ROGER BUDROW

. AFTER THE ALUMINUM POTS AND PANS cam- . paign, it will probably be iron, steel, brass, manganese, lead ‘and any other metal badly needed for rearmament. Defense officials in’ Washington are hinting that a house-to-house *. canvas will be made in August for these metals. oi Two Indiana companies, incidentally, are on the Government approved list of smelters eligible to buy your old

aigminum from the local aluminum collection.

They are

American Smelting & Refining at Whiting and u. 8. Re-

duction at East Chicago.

' There probably will be a good deal of guessing just how many pounds of aluminum will be in that pile on the World War Memorial Plaza after the] collection "starts a week from Monday. In the test campaigns at Richmond, Va. and Madison, Wis., it was found that a stack 18 feet by 36 feet by 6 feet will hold about 36,000 pounds of aluminum. There . Roger Budrow wol't. be = any chicken wire bin on the Plaza col“lection here but just a natural pile. ‘But with a little mathematics, the poundage can be figured out ahead of actual weighing. The money from sale of this scrap. aluminum will go to the Civilian Defense office head by Mayor La ‘Guardia of New York. What this will be used for, Mayor La Guardia hasn’t announced yet. The aluminum will be divided . into two groups, the wrought alumjnum made from sheet metal, and cast! aluminum made mostly of an alloy containing 5 per cent silicon. After it reaches the smelters, the Army and Navy will decide what it can be used for. Virgin aluminum is preferred for most of the defense Deady Bi; Shere are parts of airplanes, shell 1uses, ‘bomb fuses, battleships, tanks and so on that can use some of this scrap aluminum. The national committee promises: that all of it will be used in some way for defense

purposes. TPO »

« ELEVEN OF THE 17 major ‘ Hoosier farm commodities rose in - price during June, two were unchanged, and only four—rye, horses, calves and sheep—were lower in price and not nfuch at that, Purdue "University reports. The purchasing power of Indiana farm products, using the years between 1910 and 1914 as an average of 100, is now 95° compared to 94 for the nation as a whole. Indiana farm prices, taken together, are now the highest they've been since October, 1937: » $n ODDS AND ENDS: Glass manufacturers are busiest in history (May output. of glass containers, was highest ever) because defense ficials have clamped down on using

tin for containers. . . . Mexican in- {comm

dustrialists ‘have asked their Gov.ernment to prevent export of 125,000 bales of cotton to U. S. because they will need it themselves. ... The Government is moving all its corn ‘from Iowa into Chicago and Mil- . waukee to replace corn moved eastward from Chicago. . . . Montgomery

. Ward- now requires refrigerators, M

- washers, stoves and radios to be paid for in 24 months instead of the 27 to 30 months a year ago. . .. The

New York Stock Exchange recom-| ood - mends that corporations, in making Cutte

‘out their earnings statements, keep Pederal tax provisions separate earned income. Stocks of ies making farm “machinery (International Harvester, J. I. Case, etc) were given a whirl upward yesterday because of the outlook for bigger sales to farmers who will profit by higher prices and bumper crops.

INDIANA UTILITY

- STOCKS UP SHARPLY 32

A sharp advance was made by .'stocks of Public Service Co. of Indiana and Central Indiana Power Co. in local quotations today. The advance was in response to Federal Court approval in Delaware | yesterday to the voting plans of the Midland United Co. trustee, holder of a majority of the utilities’ common stock. This was regarded as clearing the way for the merger which has been delayed several months, pending the court decision. Stockholders are to meet here Tuesday. Central Indiana Power 7% preferred stock rose nearly six points while Public Service Co. of Indiana 6% preferred rose nearly seven points and the 7% preferred eight] points. Terre Haute Electric 5% pre-

ferred, the other utility in the mer- A

ger, rose only: a point,

LOCAL ISSUES

Nominil quotatiohs furnished by local Cat

unit of National Association of Seeurtiies © Dealers,

' - Stocks Bid.

ie Bar a oi faraees vis Pé Bie 8% Loan Co

on Jee BES ot Tad 7% DIS: 11% Haute Flee 5% % Hi a Title Oo. co Wola

of- M

‘PRICES ON HOGS RISE 15 CENTS

Top Here Lifted to $11.50, New Record High, on ~~ Receipts of 1000.

HOG PRICE RANGE Top Receipts ...$10.60 7,000 .. 10.78 4,000 ees 10.90 5,500 inbedusnssnssnssss THI0 9,500 sessnvees 11.10 9,000 6.500 7.000

July 2 ,.. Julv 3 July 7 .. July July July July July

sretscncassesseses 11.35 seesassseesssces 1135 11.50

12 ceeerasicscosaccans

dianapolis stockyards today, boosting the top to a new record high:

ing Service reported. Weights below 160 pounds were unchanged from yesterday. The top{B

to 210-pounders. service estimated 1000 hogs were

HOGS ++++-$10.00810. s0| B. ++ 105001L.30(

1110 [email protected]

60- 200 pounds Packing Sows d Choice— : sssesasencsia "i8i0gio 3s .35 [email protected] [email protected] 10.10 9.90 9.80 [email protected]

nd 350: 360 a

360- 400 po ree 9:88 400- 450 Bo. esssanee 9.75 450- 500 pounds ..

Medium 250- 500 pounds Slaughter Pigs

Medium and Good— = 120 pounds

80-1100 pound 9.50 j- NAS cscoes cece 1 00-1300 ) pounds .... ru gas

750-1100 1 pounds Steers, Heifers

Choice— 500- 750 pounds Good— 500- 750 pounds

Choc

[email protected]

cessscese [email protected] [email protected] 8.00@ 9.50

Good— : Fiori 900 pounds ...

500- 900 pounds ececesescoes Common-— 500- 900 pounds

8.50 7.

Vealers

Good and choice ....... a Common and medium CRI) ss ness ce vainssnevemnssns Sos Feeder and Stocker Cattle ; —Receipts, 25) Steers Cholce— 500- %00 pounds food) pounds

ae 50

9.76 9.75

10.75

800 POUNAS .coqqecsscce. 800-1050 Pounds esssscssssnse Medium— 38-1000 pounds. ceccsscocase 1.15@ 9.00

+ Calves (steers)

Good and Choicée— 29. Jounda dOWn «ice.iies cee

UM— 2 500 pounds down . oe Byes (heifers) Be 88, pounds ¢ DOI tensesssse ou [email protected] ¥400. pounds down. . corre B60O10B0) TT SHEED, LAMBS (Receipts, 0) Lambs (spring)

and choice gait and good . Common

[email protected] [email protected]

Common and medium

Chicago Stocks

lov Close

U. S. STATEMENT

WASHINGTON, July uly ¢ 12 TRL wom rnmen ie og e a fisc Jear seo July 10, compared with a Year tic

Gold Res. 32,042. prone: 3 s1

7,500 |B: 1,000 EB Bon

of $11.50, the Agricultural Market- |:

Ul. received, 225 cattle and 25 calves. |Bush B

Co sees [email protected] <Q

Omen 750- 900 pounds ..... sesssene 11.25012.00 c

9.00 Go

11.75|D 11.50 BD

637 4 5.008. 61 ji # $ “itt '25

—

eb te Bast ha BB

888

ater \m ‘Woolen pf. . \m Zinc \naconda deans A\rch-Dan-. Tay Armour Del pf..110 mn... 4

WW Rex » od od ud ¢

as y Aviation - Corp .e

Bald Loco c¢ Balt & Sts: Balt & O of... Barber Reba 10 Barnsdall .... Bath

Bon Am Hog prices rose 15 cents at In- Bond |

LU : Bucyrus Er Barus B Tr pt. 118

was paid for good and choice 200|Bud The “marketing|Burneton M ITO

Case J I plo... 11 Caterpillar T.. Colanese nh « 9 Cont Aguirre... 17% Cerro de Pasco. 34% Certain Sladg 3} iain Belt £ 0] hamp - Pa hec| ecker 3.7 15%

aaa 50559920590 | » : of

Gol Brdest A .. Col Brdest B.. Colum

Com Sol comw. i Comw

Cons

Crosley Corp . rown Zeller . rucible St ... Crucible bd Cub-Am Su Curtis Pub

Cur Curt

10.50 Dou sl 9.00@ 9.75|Du Pont

& Lt.. | Elec St Bat 2nd Johns pf. 110

Eng Pe 6 Bf

Fa ir: Th

4s - Pajardo Mot gay)

Sal Robt ir Robt

Samewell Co . gu Wood Ind. 4% n Am Tr ... 85% Gen Cable .... Gen Electric . Gen Foods .... 37

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Sy UNITED PRESS

30 INDUSTRIALS | Today - « ss vee FP PURE 127.80 Yesterday esssscsnsacectonse iH Week sstessessesnsnnee a cesassescansesess 122.04 Year Ago . cesgsass JUL - High, 1041, ‘138. 5: Low, 115.50. men, 1940, 152.80; Law, 111.84. 20 RAILROADS

+014 -—0.15

“igh, 1981, 2.35; Low, 2.54 High, 100, 32.07; Law, 214. 15 UTILITIE

Yesterday ccceccessccnss Week ‘Age esssss dat sactosben 18.10 ‘Month Age . 11.50 WORE ALO +... nennssapesioes - 258 ‘High, 1941, 20.65; Low, 16.8%: High, 1940, 26.45; Low, 18.03.

15 MOST ACTIVE STOCKS Sales Net (in 100s) High Low Close Change Newport Ind.. 79 - 113 10% 11% is 4% 4% 30 29% 3% 3% 81s. 3% 4% 2 123 12% © 4% A% AT% 17% ‘10 9% 83% 33% 26% 25% 6% - 5's Sis . - 12% 12 12% 1s Com. Southern a le “3s 9-16 41-16

‘Stock sales approximated 270,000

shares compared with 180,000 a week ago. Curb stock sales were 44,000 shares against 36,000 a week

eeseccsssce

% 1 U

l++++1 1 ++

+++

A » Net Close Changs 28Ya Ya 113 8%

High Tow 28} 282

Ya Ya

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Johns: Man ot 108% 108% Lene Eelser-Haves B. 8% Kresge 5.8 ...

68 195%

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DOW-JONES STOCK AVERAGES|

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‘ THE INDIANAPOLIS TIMES

FINAL NEW YORK STOCKS

ardart Bt A.

al ici arren

'W Pa El 7 pf ..1 Pf...

W Pa Va P&P

est Union ... West ng B-. . White Rock ©

Willys Wilson & Co. Woo!

CG wrth

Yale & ye

ellow Young Young Stl Dr .

rd fa a Ss a BB a

5: cock

Bu 36%c.

Swee Quior 73

"1. Soles. Tino hols

yellows, $1.56

P 6 pt.. Virginian Ry pt Hiv

..101

Zenith Rad .... 13 Z 1%

e Bary a Kee or springers, 3 Hahah springers, 2 Ibs. and over,

ter—No. Buttertat—No. (Country pickup up prices quoted by the

FOOD PRICES

CHICAGO, July 12 Tlinois (new) La 800 Texas, lugs, 31.40.

4: Bg Bs * hl

35 Gaels 888 FIST 41+: +

Sours FT FEE Fes os

DEE HL

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26 . 23% 25% 0 i 27% 17 32% — We

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Ta mee BERRIES

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99% —Y— 21%

a 1%

Din

Gors Stocks

Net Close Change 12, +1

He Ty 13% + Ya: seas

High Low 2122 122

40 25% 13%

see, JAUIY.. Sept..

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3 No. 2 2 aq

gers. bs. Sond over, 17c; No. 2 White Rock,

and te 14c; 2 Ibs. and over, 15¢:

Jae: No. 2, 36 36c: No. ri

gs P. I Fables ah Tila bu., shi n, crates,

—Yeuhestes bu., \ acks)—California

California reds, J130 is yellows. $1.15@150; Iowa Cr

STOCKS RISE IN

QUIET TRADING

Gold Mining, Amusement Shares Are Active; Steels Down.

NEW YORK, July 12 (U. P)~— The stock market made an irregular advance in qhiet trading today. Gold mining issues and amusements continued active and firm. mixed. Special utilities rose while the main list ‘was: steady to firm.

Hon asa whole.

PRICES FOR WHEAT SLIGHTLY LOWER

CHICAGO, July 12 (U. P)— Wheat futures showed no change of importance on the Chicago Board

, |of Trade today in quiet dealings.

Wheat closed 3% to % cent a bushel lower with July at $1.04%. Corn was unchanged to %c higher, July 73%ch; oats off % to ¥%e, July 36%c; rye off % .to 3%e, July 58¢ and soy beans were up 1% to. lc, July $1.50. Prev.

Wheat— xn Hi Low Close Close July 81.05% 81.053 $1.04% $1.04% 31.08% Sept.. 1.07% 1.07% 106% 1.08% 180% Dec... 1.08% 1.08% 107% 1. 08 «Corn—

RANGE

08Y, 08% J3% 155% J8%

13% 15 Js

Oats— *July.

ly. Tept. ve

36% Sh 38 39%

Pa 38% 39% De. ew uly. 58% *Sept. .50 Sept. .... Dec..., 61% Soy Beans—

July ..1.51% *Oct.. 1.40%

tOct.. 1.40% Dec... 1.42% Lard— guly. .10.35 Sept. .10.50

Oct...10.60 Dec...10.80

aAsked; bBid;

LOCAL & GRAIN

58 58% 61% 1.53% 1.43 1.43% 1.44%

1.50% 1.40% 140% 1.42% 10.40 10.62

10.75 10.75a 10.95 10.95a

*New; told.

10.35 10.50

10.60 10.80

red. 312Gb recent 5 2 CAL: a, a No.l 1 ard, % 096140: No. 2 hard, fi!

Ro gts No 3's 3" yellow,

yellow, mize = m 1@1hc ur yoo yellow; €o! r a receipts, 17 car: cars; No. 2

white, 34 Whose N No. 3 red, 330 33%c¢.

Se OH tae Ingran Joan % Joie. 3 @1:38; Illinois 2 yellow, [email protected]

wagon Wimar e close Chicago market today ea oy mills and erain elevators paid 96¢c per bushel for No. 2 art (other grades on their merits), and d Tic per bushel for shelled n Dow No. vellow Porn: No. 2 "white shell corn, 76c:.No. 3 white oats, 33c.

U. S. Government Bonds

U. 8. GOVERNMENT BONDS Treasury Bonds

No. ia

FOREIGN EXCHAN GE

NEW YORK, July 12° (0. P.).—Following are fiosiag cable nates 2 major curren= cles e Rates Net Chg. Ys 16 + 007s"

00 00 oF af oF os ®e se ee

Reg'lar: Fellers, 6:00—Fight Camp, WIBC. : 7:00—Musio. That Refreshes, WFBM. :00—American Forum, WIBC, 8:00—Summer Hour, WFBM. 9:00—Take It or Leave Ii WFBM. 9:30—Businessmen Only, WIRE.

Arthur G. Dudley, ley, head of the Indianapolis office of the Western Union, leads off tomorrow night in the public library’s For Businessmean Only programs on WIRE. The broadcasts are to be carried from

«viously announced. Mr. Dudley will rew book of interest to businessmen and will be followed in the series by 3 other prominent .i Jota Bitinges Mr. ers in e DULY... aol talk Others on tomorrow night’s program are to be Miss Rosaline Petrovich, pianist, and Miss Millicent Plowman, soprano.

The Manual Training High School band, composed of 100 young musicians, under the direction of Charles Henzie, will be heard in a broadcast tomorrow afternoon over WIRE at 3:30 o'clock. The broadcast is one of a series heing sponsored by Jordan Conservatory.

The playing of two unusual instruments, the recorder and dulcitone, is to be featured in Jordan's fourth summer broadcast over WIRE Monday night at 8:30 o’clock. The recorder is an ancient instrument described as a vertical or eight-hole flute. The dulcitone, a rare instruinent, is owned by Mrs.

board hammers strike tuning forks in of wires. The recorders will be played four members of the conserva faculty gnd Mrs. Martindale will

: at the dulcitone.

oo a series of radio’ programs start in the fall. Suitable pl time is now being sought.

Navy Is First; Admiral Waits

HONOLULU, T. H., July 12 (U, P.).—The Navy comes first, Ade miral Husband E. Kimmel, come mander in chief of the United States Fleet, conceded today. 4 The Admiral, in mufti, stopped

‘The ‘clerk, failing to hith, asked if he minded waite ing. “The Navy comes first, you know,” said the clerk. The Admiral waited.

(The Indianapolis Times is nouncements caused by on ¢

THIS EVENING ¢ Tespansinie for

Inaey in uracles Program alle

INDIAN.

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SUNDAY PROGRAMS

3arn nce

Jarn, Da een et (Ee Movies | EA

ball bul

LC —-

Sn Bence Ford Porter Fords in an Musto

Gospel four _

allel ones lvary vary

Southernaires

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Tennis Match Manual H. 5. Band

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Master inser Rhythms

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Central Architects

SUSINESS EDUCATION Accounting, . Bookk g and Secretarial ourats wv. Ae Principal.

ye and Builders Pennsylvania & Vermont Sta,

eeping,

Business College

$1.50 8 $2.95 Leon Tailoring

1st Block Mass. Ave.

‘| Reglar

is Fellas wagon

298%

She

What’ N: s My Name

jm Am

ur Hour

Passenger Cars

DRIVE IT YOURSELF, Ins. Phone Riley 7788

—Ask to. See the “Clifford® WATCH at EASIEST

12"

126 W. Wash. "3'Sn cite or

For

MARILYN FURS

‘A Better Fur Coat

Less Money!

MILLER-WOHL CO. 45 E. Wash. RI-2230

ov S858 aun sung sats

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RE Businessmen

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varieties

eb pd ek 000 4 5

TWOT| 10:45 Masterworks

11:00 Masterwor 11:15 Masterwor! 11:30 Ca 11:45 Carl Hoff

MONDAY PROGRAMS

Tour Inte Ee

EE Speaks

an Jan Garber

Benny Benny Jimmy 3% Jimmy Luncefor Htuny Luncefo!

Art Jarrett Art Jarrett

+ INDIANA of

: oh Vaimabler Sate. ‘Rent a Safe Deposit Box at

THE % NATIONAL BANK Indianapolis

PROGRESS LAUNDRY has solved the problem of launder-

ling Chenille Bedspreads. MArket 2431.

EER PHOTO-LITHO and

Let Us Wash Your Overalls, Too!

2520 E. 12th CH-0294

A SAFE DEPOSIT

Sizes . Be a Year - ih, Den

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