Indianapolis Times, Indianapolis, Marion County, 17 July 1941 — Page 12

FINAL STOCK QUOTA TI 0 NS YESTERDA Y

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS N Yesterday cccccecccececcess. 127.88 0.36] N Week AO ...cocccvccscccess 127.78 0.15 4| Month AZO ..ceceevereseen. 128.48 —0.02|N Year AZO -.cceevrenenenne.. 128.00 +0.18|N High (1941), 138.59; Low, 115.30. High (1940), 152.80; Low, 111.84. . 20 RAILROADS Yesterday Sassebsssesnsnanes Week ARO «.cccovssscccncnse Month ARO ...cccnee Year ABO cicccevecncnncanes High (1941), 29.75; Low, 26.54. High (1940), 32.67; Low, 22.14. 15 UTILITIES oO Ohlo oil .. Yesterday .ccccecceiecccciec.. 18.68 —0.04 Oliver Farm Eq 2 Week AZO ....co0esseccecscs 18.61 ° 40.21 Month AO ....ccoccvveccece 18.04 40.08 Year AO ....vvcievecccese 22.57 40.06 High (1941), 20.65; Low, 16.82. High (1940), 26.45; Low, 18.08.

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BUSINESS

.Indiana’s Bumper Wheat Harvest ? May Be Taken Care of After All

By ROGER BUDROW

THE MEN IN IN DIANA’S GRAIN INDUSTRY are sitting on pins and needles, so to speak, and will be in that spot for about the next three weeks. The bumper wheat harvest on Hoosier farms is the reason. For some time they have been worrying about where this state’s 34-million-bushel crop was going to go. On Monday of this week the big grain terminals in the state had room for about 1,500,000 bushels of Vheat. They have a capacity of PORKER PRICES about 12,000,000 bushels altogether. The country

elevators that have room for 18

million bushels Top Paid Here Stays at $12, half full already. inhest Since 1937;

Si sin Storage Am ] 18 ] ns on farms y. veda 25 5 6500 Received. EELS Ea alt adh 29%

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Down 40 per cent since March, WPA rolls have been slashed to 1,000,000,a low not seen since the early | months of operation of this relief agency.” Map shows distribution of WPA workers by states, and pee | {

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had room for 12 Denn D

million bushels. am PeLs Fe If nothing goes HOG PRICE RANGE Am ss £1 60 .

pf.163 1 wrong Indiana Top Receipts Ro fan 14% 14%

" Roger Budrow Am R M cv pf. ge will just squeeze [July 7 «cvceveersrenaness. $1110 3:500 A ship. Buiid 3 38%, 38% 38% 9 me .

by. There will be barely enough July 8 cccesseccecconeccese 11.10 1 room for our bumper wheat crop. July 3 sesexsisustens irises ns 5.500 mn a 1504 130% But supposing . the state has a aid 1 T3500 1% 11% 11% rainy spell. Tough wheat, too wet July 12 SSsesseesI eI IY. on Am 8 Le. 11% 17% 1% to store on a farm, would be sent July aa " 7.000 to elevators and there would be ay, : TE 5.000 jam. On the other hand, a rainy|guy : : . 5,000| Am spell right now might delay the har-

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A. & P. T0 ADOPT ii fe PLAN IS ATTACKED SHORTER WEEK new form of savings bank life in- PITTSBURGH, July 17 (U. P.) .~= Tee po, acagoea to potas rovoed recapalantion pla of

NEW YORK, July 17 (U. P)—A[ Five-Day, 48-Hour Plan for heirs of small home owners against| 0, o fraud and subterfuge “a

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vest which is in progress and thus give the railroads a breathing spell to empty the wheat cars and get back for more grain. And the mills could grind up some of the grain now in storage. There have been several instances, Greenfield for one, where there weren't enough railroad cars on hand when the wheat was ready to be shipped but there has been no widespread serious shortage so far.

Hog prices were unchanged today |}

at the Indianapolis Stockyards, the

ported. The top was $12 for good and choice 200 to 210-pounders, highest here since October, 1937.

900 cattle were received, 600 calves,

Armstron Th Ketin Jeo estimated, tn yy taas. 3 : marke service es a SSO I 8. e a g As D G2 pf.. 99% Atchi . 30 Atchi

6500 hogs and 1000 sheep.

4 £ ——— 2 ‘Wednesday, July 16 Ab

Zinc Agricultural Marketing Service re- Am Zino pr pf 58% Ana W&Cable..

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Employees Becomes National Policy. Adoption of the five-day,

HEIL LIE TTT

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Postal Tel pf .e Press Stl Car ..

Co. as its national policy.

48-hour work week for its retail store employees was announced today by the Great Atlantic & Pacific Tea

John A. Hartford, president, said

on sale by 29 mutual savings banks in New York State, it was announced today. At age 30 a mortgagor now can obtain a $1000 palicy for $7.42 annually for a 15-year period with protection for a 20-year span, sO that in event of his death his home is left free and clear of mortgage.

loss of property, has been placed|, oq; common stockholders in =

hearing before Federal Judge F. Py Schoonmaker yesterday on a petle tion to restrain a stockholders meéte ing from voting on the plan. : - Seymour M. Heilbron, New YorM

attorney representing two stocke holders, Norman Johnson and Bepe tha H. Hubbard, asked the court for an injunction to prevent the recaple

LOCAL ISSUES

Wednesday, July 16

that the five-day week, introduced Val ization Jabs We Niue ue on an experimental basis in A. & P. Be stores in a few Hastern states two Nominal Suotations furnished by local affiliated coal companies, Vesta and unit o x Nat Tonal Association of Securities|Shannopin, into the steel corporas

months ago, now will be extended Stocks tion.

5 The plan, to be voted on by stocke throughout the entire A. & P, or Ae rane Td 9% |nolders July 22, was announced by

ganization “as far and as fast” as as| Belt RR & Stk Yds com 8 8 [the corporation last month as & possible. Central Ta Fow i pid rena Jneans of sliminating heavy hacks In a few cities and some states,|Comwith Loan 5% pfd........ 98 og of accumula ends on he. said, the introduction of the preferred stock and of permitting

resumption of common stock divie shorter work week may be delayed Pp

dends. or even prevented by state and lo- Mr. Heilbron charged the proe cal labor regulations and Jeealibigs i gm geile sgh cn li Sh agreements.” that it would “line the pockets of J. A. Lindgren Jr. vice Presiden Pub Serv the Jones, the Laughlins and the in charge of operations in the In-|N Ind Pub serv 7% Bid terres Mellons.” Mr. Heilbron. claimed dianapolis area, said that approxi- Progress Laundry : 18 that these interests own 67 per cent mately 3500 employees in this area |Eub Serv So Sp 1 of the common stock and only “43 will be affected. In a Zak! 3% per cent of the preferred. 0 CO!

John Toolin, president of the|Ter company’s Central Western Divi- NICKEL PLATE TURNS \ LOSS INTO PROFIT]

sion, said the pay of employees af- a July 17 (U. PD.

fected by the policy will remain Algers. Wins'w W RR 434s 5%. 100 the same as for the six-day week,| American Loan 5s 51 CLEVELAND, The Nickel Plate Road reported toe day June net income was $889,406.39,

and stores will continue to serve etm als ais 100 after all charges, as compared with a deficit of $6,878.81 in June, 1940.

customers six days a week. ch of > Bld ®, 4X s pf A Railway operating revenues for June were $4,970,965.06, an increase

“During the past 25 years” Mr.|& Toolin said, “A. & P. repeatedly has of $1,600,456.56 over June, 1840. For the six months-period rawey

broken with the traditional dawnerating revenues were

to-dusk working schedule of the|ld 873.81, an increase of 2

food business, and since 1916 we AIR EXPRESS SETS RECORD

tlas rp Shoe « 1 Atlas Cor Gen Stl C Bt.. «. 76 Atlas Tac He . « 13% Aust Nich pr A 18% Aviation Corp . 3%

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One thing that has helped the HOGS situation is that elevators have re-| ,.o ,.0 fused to take wheat from out-of-state, keeping the bins clear for our own crop. Only this week, Kansas aaa , . City elevators were so full that the syesenseiace 11, 28 | Bald Loco ot .. 16% railroads out there had to Siig to 30 > . -80G 11.70 alt & & Ohio .. 4 take any more to Kansas City OURS | «xsereves 3 : In past years railroads would store fum reassesiiens 1160@1165 angor & Ar of wheat in boxcars as much as six 160- 200 Pounys ackin Sows [email protected] spber 2X4 weeks. That would be a great help|Good and Cho 3arnsdell ..... 104 ‘now but the railroads have so much| 210- 3% pounds . ren SIL gles : defense business they won’t allow 330- 3 360 POUNAS «eocasnecsaes 10. 8001075 their cars to be used for storage ¢ any more. Fo] Rumemnng Ln ; 2 = 2° Me - esscesccccnce > STUDEBAKER CORP. alone will - 500 pounds [email protected] | Bigelow San 28% soon have more telephones in its |yeqium and Slaughier Pigs Black & Decker 24 South. ‘Bend ‘automobile and air-| 90-120 pounds [email protected] Jonni . ih plane engine factories than there CATTLE Booting I's BE. : 3 are in ‘a good many Indiaha towns. |siaughter Cattle & Vealers (Receipts, 900) | Bon am} A. Indiana Bell’s Telephone News puts Steers ond Stores fee the total at 950 telephones, says one younc rde repairman spends all his time Just oun on Studebaker’s telephones. s ~The big Bendix auto and aircraft [G09 Mig . parts plant, working 24 hours a| go 5 ’ righ & trat. 32 day, has 566 telephones and Misha- | 1100-1300 pounds .. klyn girl waka Rubber (self-sealing airplane |Medi 3 Bruns. Balke -e- 22 gasoline tanks, flying boots) has 272. |, jg C1300 ) Pounds Lilet [email protected] In addition three Federal Housing |Com projects (150 units) © and private 750- T1100 ) pounds “0ssssscssnee 8.509 9.50 lov building (1500 new homes) Will re-|cpos Steers. Heifers . Burlington M... 18% quire more telephones. The same 300 750 pounds ...e.eee...e0 [email protected] ush ° Bont “ett ta situation, roughly, is true in| Gg 750 pounds [email protected] | Butler Bros pf 21 other defense centers—Indianapolis, Bos utte Cop & Chetlestown and so gm: “750= 900 DOUNAS - 4.vsvasgare se [email protected]| BYFOR Jackson... 9% |B fi Serge: 3, INDIANA INVESTORS now own JJ50- 900 POURS secescenssi. 10.5001L80| wn 0 #0 Indian Belsii 15 A | pounds, wuernsse SONS = We ge heded 8 2 . 8 .e on op. “A” common stock recently offered 500- 900 pounds epg tereers 825@ 0.50/C : 12 ahs ota Md... # to the public by the Geist estate Moin 269980003 e8380034000000000 8. 9. Blea: ercon Rub... in of Puiladgipia, Bas 5 Yhe evi Cutter and ‘common : .50|Ca 8 Mi oO» mate made by Drexe 0. W headed the underwriting syndicate. It is too early, they say, to know exastly how much was sold in this state. Bulk of the stock was sold Moa 3333 3.58 in Indianapolis, 2 total of 225,000 cutter and Goi Soiree 7.50@ 8.50 shares was offere ea a 2.50 13. 00 For some reason. or. other there Son tang medium 8 : 2.00| Goro teed .., 3 was quite a demand for the stock|Cull 00 8.50 Gert-td § pr pt 33 in Boston but none went there be- ums BE 1 cause none’ was ‘left ‘over. Even|. i... b.. 14% Indianapolis brokers said: at the} 500- B00 POUNAS: [email protected] time ‘they could have sold more Good BouRes csscssecescss [email protected] stock if they had had it. - 800 p ceesande [email protected] » 2 2 500-1080 Dn eeesectosees 9.75 10.50 opps AND ENDS: One manu-| 500-1000 pounds .cecsescsces 9.00@ 9.76 facturer of ventilating fans is using | 00-900 pounds .....:cc.cces T.75@ 9.00 wooden fan blades because of the =. _ . . Calves (steers) ~~ steel shortage for.civilian:products.

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“The A. & P. annual report to stockholders, issued last month, relowest retail prices in relation to toady Up 19 the the ¢ Sloey 0% the i tis fod tray ? ny. Shak Blom

have been able to reduce our store employees’ work week by 342 per cent, or a total of 25 hours. veals there is no conflict between Richmond Wate! K low prices and good working con-|*TiE (Site loeeennnes ' ditions. It shows’ that our cus- i NEW YORK, July 19 (U. P.).—e tomers are currently enjoying the WAGON WHEAT The Railway pre Ay feu Chicago market today- gross ts in the history of the i Tadhatiy: that is 1940 Fed. wheat other rrhdes on op their merit): Sesvics in May Were She largest 08 shippers received | No. DN record, runnin r yl we of the consumer’s corn. 266: Ro. 3 ‘White ot cata, septs ah shelled lof the same month last year, dollar than they did in 1637, and a that we still were able last year ; ; ; to give our employees actual wage

increases and added compensation totaling more than $4,000,000.”

"CUBAN SUGAR GAINS NEW YORK, July 17 (U. P.)— Cuba exported 1,688,193 long tons, raw value, of sugar from Jan. 1 to July 12, compared with 1,431,600 in the 1940 period, an increase of 18 per cent, according to advices received by Lamborn & Co.

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ob 9 20 no) founds dOWR sceccocecees [email protected] . « « Britain wants uy 20 or edium— 1060 Diesel locomotives in this country but S00 ‘pounds dow Chciivn 300 it wouldn’t be a Lend-Lease deal. Go pounds Choices © Seoom1sse . « « G. A. Parkinson, engineer, says| Medium » University of Texas surveys reveal 500 pounds dOWR..c.ceeeeess 8.50@10. the supply of semi-precious stones| SHEEP, 1AMBS (Receipts, 700) |Coca Col (moss agates, fire opals, amethysts mbs (spring isa12s| Col Al 3% 1s and pome garnets) in Texas is large | Sodium and Sood i rr 1 au ob oadonst B M0s 20% enough to support a thriving in-|Common & vee 2.000 9.00 soo Gas of A.. 8, nw, dustry. . . . Because of the short-|Gooa and choice ............ 3.28@ 3.18|Co! Pictures of 8 2 age in other metals, the foundries|Common and medium ........ 3.35@ 3.35) Con Creal... : 28%

which produce cast iron automobile . Jolvents. .. 10 engine pistons are getting large DAILY P RICE INDEX b “ orders. NEW YORK, July 17 (U.P.)—|&0 Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 € average equals 100): C Yesterday ecessccssscscceces 140.17 Week ago esscsccseccccesenece 140.06 & Month 280 «cesecessscescesss 137.84 n ‘Year ago sepegeaccccscessces 114.23 1941 high (June 27 ccecsccece 140.52 1941 low (Feb. 17) ceccesesess 123.03 IE

: t Mator ele “on Everything! |&r8 bo ET un Prod .... 50% Diamonds, Watches, ||Setr mer 1s Musical Instruments, Cameras,

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ON LIFE INSURANCE

Our low rates offer savings on present ' or contemplated indebtedness. Real Estate Loans on Indianapolis property « Business Loans for commercial purposes . Loans fo Individuals on collateral or personal security . Come In and discuss your borrowing needs.

BANKERS TRUST CO.

PENNSYLVANIA & OHIO STREETS

LHD 21

(ET)

You know what you're getting with

Give your car the “Tankful Test” and see why mid- | west motorists choose Red Crown gasoline ever any _other brand by a margin of... SL DARD

| * SERVICE | : iol

oor. 1041, Standard Ol Compa? posed on latest available state tax and inspection date, TUNE IN on AUCHGN-GUIZ wviry Fidey tight NIC Biv Milani

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==Ask to See the “Clifford” ¥ WATCH at at

2 : BUSINESS EDUCATION 'Stro! jAccounting, Bookkeeping, Stenogrs nis and Secretarial courses.

Da ening sessions. 8337. Fred W. Case, Principal. Central Business College

"Architects and Builders Buliding Pennsylvania & Vermont. Sts., Indpls.

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Oo eater 129 Ww. *Wash. 1s Opposite Bl WASH SLACKS

$1.50 & $2.95 Leon Tailoring

|" 14¢’ Block Mass. Ave.

Nat Lead pf B. ue 18%

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AT OUR USUAL Low PRICES a= CRIS JY

mr |] ‘We offer: PLAY. SUITS

stack sums 1 WE iL BUY:

i : Price and data upon request. erm wee || NEWTON TODD Xie:

+ + FIFE +

We Buy, Sell and Quote:

Indianapolis Water Company | Class A Stock 1 | |

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“** *Drive Out fo’ ‘Washington Park Cemetery Perennials and rg

beautiful. with your trip.

Price and Information on Request

lm Stcurmmes s CorpopaTION

AT.&T. RIGHTS