Indianapolis Times, Indianapolis, Marion County, 21 July 1941 — Page 4

MONDAY, JULY 21, 1941

Briotnmee | Turing Out ‘Chow in the Field [SPECIAL STOCKS| 5_;o—- ponq|DRUG MAKERS BUS | — LEAD ADVANCE ~~ Quiz WARNED BY U.S,

Defense Boom Brings Headaches| 4 ihe So To the Manufacturer of Tin Cans| {3 % Ho oo. | airoa nares Near 1941 as collateral for u bank loan? ana | COMmerce epar ment-Says N di od High But .Auto Issues Latin-American Trade

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By ROGER BUDROW es Sh : ly to th d on th i Lo | Are Lower. Le PE I = “MayaReach Axis,

THE MAN FROM THE TIN CAN COMPANY was = : ; 0 1 toquire special Informa: . irritated, then amused, in turn. At least, he said, trying Fin : NEW YORK, July 21 (U. P.)— [tion or advice in regard to a De-| WASHINGTON, July 31 (U. P), ‘to run an ordinary business these hectic days was more ni bbl Tonks vated fiscunaly. cur iene So0T, Wikre fan 16 be ob<|~ Tue. Gummer . Departmen ; Sie : i : ; g g today an i fun than during the depression or even in the days when i i a iim 4 Saas held steady in the afternqon around | A—By Writing to the Treasurer | Warned American chemical and drug ‘business was good of its own accord, not from any defense : 25 gna i i the highs of the session. Volume of the United States, Washing-|firms today of the possibility that : a : . . : A Sei increased slightly. n, D. C. their trade with Latin American boom. : | % bm : di Special issues. made a better Sty eTo buy Defense Bods ane companies might ultimately reach But then he got to talking about the difficulty of ob- : Showing. hen Scosmused eaters fice or bank, or Write to the Trews. | “AXis-controlled or sympathetic taining supplies, how hard it was to buy a new piece of( & ES . a came within touching distance of | UTer of the United States, Wash- Riginess _ organization in Latin ‘machinery, what to do about prices and 80 on and ‘he was| § | the year's high. the récent resist- | '°8t0n, D. C., for an order form. The Department said in a state= : ance level on the upside, ment that it is important for Amer«

irritated again. Steel shares were up small “destinations : His business was picking up fine = amounts. Bethlehem was at 76, w ST ATE BU SI NE S S _— Is ghey 8 Map nny when the defense program came|p %, and U. S. Steel 58%, up %. The | medicines and pharmaceutical prod= along a little LIGHTER Hoes American Iron & Steel Institute ucts purchased in the United States | over a year ago. . reported steel operating schedules by Latin American countries.” this week at 97.9 per cent of ca- The Department pointed out that

Then there was . ; talk about the| - » ITO i pacity, a rise of 0.7 point over last American export trade in chemicals® 4’ our or ES UP 5-20 CENTS : ig | es ferrous metal issues ‘ held | ng gnufs hag Increased arly | ’ y . i ~ ecause e kuropean war - ) how 14 Fad to ' : ‘ fraslioiial Fens, Oils Were strong [But I. U. Reports Rise Was rupted many import supplies of such ship rom : hi : : a Pp a point products. Singapore and Top Here Remains at $12: at 447. Several made new highs Not As Great as That “It is not advocated that United . what might ; ’ dil Pepsi-Cola resumed its rise, rising’) : v. States pharmaceutical exports rehapp en i ~ 6000 Porkers Arrive SEE ; 7 Poin ? 2 International Ha Made in May. fuse Latin American business in Japan's : st HE J) vester an ase made new highs. general,” the Department said exe in the way. At Stockyards. RR on American Airlines gained a point| Business improved in Indiana |plaining that shipments to Latim So the Office Heeding Napoleon's statement that an army travels on its stomach, the U. S¢ Army is testing a 19- | 0 42 Suring June but not half as much |American manufacturers who “have Roger Budrow of Production] HOG PRICE RANGE ton mobile bakery, a truck-and-trailer unit designed to turn out 4000 loaves of bread daily while travel. | Chrysler was weak. It made a as it did in May, Indiana Univer- the avowed primary purpose of ex= Management in Washington asked Top Geostpts| Ing With troops in the field. Above, Private William Amberlavage examines some of the piping hot loaves new low at 55, off %, and then |sity’s Bureau of Business Research | porting to neighboring South Amer« tin IACOUTErS 10. use 8817 13 cuvrciricorisrsiif1io l.0s0| soming out of the revolving oven at Ft. Sheridan, IL rallied fractionally. General Mo- |reported today. ican countries” should be examined a 3h Man EAR pd EAT 000 tors was off 4 at 33%. Outlook| The reason, the Bureau pointed |With caution lest such shipments a oi I a July 18 ccececcenssencasces 1L76 5.000 for substantial reductions in out- out, is that although defense in-|Work against the survival of simi« just as good ey ou know,” | SUF 38 ceccciiiiiinin.. 12.00 5.000 p put of motor cars in the new model | dustries and closely allied ones are [lar industries in the United States, h ons So th t a to use \ 8,500 season worked against the group. |expanding rapidly, the hon-defense| “At this time every precaution e ey ey se 11. 5,000 | ——— industries “found it more and (Should be taken, not only with ref

wm uch steel alloy as they | 0 thly 3 uly 19 corr rene 2.000 By UNITED PRESS more difficult to keep operations |erence to trade with Axis-controlled could. And then came p es uly 21 ....cce0cenieen... 12.00 6,000 Net |DOW-JONES STOCK AVERAGES High x. (WHEAT PRICES WORK expanding beca#use of shortages and or sympathetic business organizae

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steel and strict rationing (by the © | — High ‘Low Last Change 5 i i tions in Latin A steel mills, not the Government). Hogs weighing between 160 and dams Exp We TY 4% + %|Saturday » i ALS +0.29 PI seesy 335 Gelays in Jaw. miei] supplies! EL tony ue win A nearby tank manufacturer could|270 pounds were 5 to 20 cents high- | Addressograph 13% B4 3A 1 Ya|Week AES -eensenrareereses. 127.89 0.09 dislocations of employment in In-|f0r their immediate and domestic get. steel Sus just coe Selephons Sal er then Saturday at the Indian- Asks Junési. I Hn i 1% [Month Ago ......c.cociee.. 12897 +146 : diana thus far because of the cur-|N€eds, but to build up new business to the mill bu e can spolis Stockyards today, the Agri- legh C 3% 5 .. Year Ago .....ccoicoiennees 12208 +019 CHICAGO, July 21 (U. P)— tailment of the output of the non-|2t the expense of United States in« cultural Marketi len Indust .. 8 I ; : ; defense industries, the Bureau said, | 4UStries,” the Department said. get an order accepted, and then rketing Service reported. | allied C | High (1940), 152.80; Low, 111.84. . Wheat prices worked lower on the The Bu stan hi v with no promise of a very early de- (All other weights were steady with Satara W RALBOADE Chicago Board of Trade today after é Bureaus index, which rose very. . 2 0 ia . 2 > at 812 for good and choice - Week Is rte 20.44 And en they began experiment- 210-pounders. Neither coal nor electricity pr YOAF ABO ...evneuvrneneisaie 36.21 Ee end to % cont a Bon duction set any or ry ro MUS enamels to cut down on the use of |as much as 25 cents higher in fairly Cable & R: 3 3° High (1940), 32.67: Low, 22.14. lower with July at $17%. Corn was total output in June but both in- I BE INCREASED tin. And they ran into shortages|active trading; cows were about|A® Son [gv 89” sau ¥ 15 UTILITIES off %c; oats unchanged to lsc|%YS RS re operating at levels : the de-|Steady while buns were mostly 25|Am pf 7 ; 3 7% 8aturday .oureieiiiennreeses 2851 higher; rye off %c to up Ic, and|much above normal for June, the| CHICAGO, July 21 (U. P).— even there. All this time e e cents lower. Vealers were steady to T, . Ye 16 i 8 | Week Ago Seteenesenss sss 18.67 ! 7 C 94 : the Righest for this season of the |mands for higher wages and the what with people buying more food| Spring lambs sold steady ear m-Haw SS ... 35 cree | Year AO ...iiieiiiiiieians 22.25 =O) . year since 1923 and electricity pro- [necessity of improving their service and the Army and Navy taking so|then were strong to 25 centy arly, | dm fn Te : = B1 Sen ase), 05: Low; 16.58, istorii : UTLEY T0 ADDRESS duction set a new record for the [to cope with increasing defense much. with spots up 50 cents. Slaughter|4AD Invest I... 11 thes 2 Er montk. : : . traffic, must be assured “adequate ; a Toe of lw a ad Net re sees 8 4 Pig iron production declined net earrings” if they are to continue Lend-Lease arrangement gave Brit- ne oy, Ms 1 uM High Low Last Change % =" ELECTRICAL MEN slightly from the record total of under private management, the ain an edge over U. 8. in the matter HOGS & :: 4 + "yu Crown Cork ve. 23% , BY Bisc i 9" 17% 17% May but was still easily the best | magazine Railway Age said today. of tin and was even taking away boner? 3 ee EOD Beer of 331; - 38 a B & Ply Ba Times Special June in the history of the industry.| «The plain fact is that the raile some South American business from Crucible St ... 43% - e + 1% n . 3 + XM Farm income was practically un-|roaas cannot much i Ciba RR pf ... 4% 115 % ou... : » 13 . FRENCH’ LICK, Ind, July 21.—|changed because hog receipts were |g private ie a a ope week British Ambassador Lord Hali- Dai y ; fax denied that Lend-Lease ma- Divtiters 22% < I itor, will be featured speaker at the higher and cattle receipts and prices| pet income of the industry has terials were competing with U. S.| § Gypsum, ., J s + ,%|annual Indiana Electric Association were slightly under the average|qecli products, his skeptical look showed| 330- 3 } Gypsum pt 8 : . [convention Sept. 24, 25 and 26 at|May. eclined from a yearly average of M t Lead pf B 143% 3 2 |the French Lick Springs Hotel. New car sales were highest fo $625.000,000 or $343 per share in the “He wasn't worried about the glass| Packing rise 3 Ya Vs 8 '|decade ended in 1930 to an average or wood industries taking over his Good com : Nat Sup. Penn | h 5 [500 is expected. One hundred manu- | declined nearly 10 per cent from hare ‘our business, leaving him out in the cold| 2 300 pounds si gi Nat Sup 6 pr 67" 67 * T..”|facturers who supply materials and May but was 15 per cent higher Shire Jn we 10 Years Sheed in 1940, so : ; ; merchandise to utilities also will be than in June last year, the Bureau At the same time the de mand spending several thousand dollars on ; wiiire ins 10 00D 1028 represented. said. Newspaper advertising followed | peti wh of a beer can promotion when ‘this 42 iD retsaresies Sai 28 | Armstrong etter service has risen in the last thing came along, and we had toyed; ; : piss 2 Gds.. center on current industrial prob-|w i i . N 5 L ere up to the April level and buildcall ft off, right in the middle. We [email protected] lems, recent advances in engineer-|ing contracts were largest for any| ds for higher wages and im= a I oad {Medion and Ce A ing and technical phases of the|June on record. P O2)iion of higher taxes, . CAR Dusiness, Yoo a Dene maa $0- 130" pounds... SOI ah 3 business and consumer service, serene It seems, therefore, | that the Huw is ever, ol Bf oer agin Atlas Co I : : A ulm ir Lines.: 2 23% SCHICK CHANGES NAME present labor controversy’ should be think : aton Mfg .... Vs . : Where we'll end up we don’t know Slaughter Cattle 4 Vaslers (Receipts, 1800) | Ba1g Loco ct. . |Elec Boat .....! wi Hy U. S. STATEMENT P.)—The corporate name of Schick bY men selected by the same Gov- . : El d 3 Dry Shaver, Inc., has been changed ernment that must later decide % tay in business these WASHINGTON, July 31 (U. P.).—Gov- aver, Inc, 5 av (or Hud Ill} 10 ous | 0 Sehick. Inc, as a Temili of the|olat A The must 9 , : 1 ery as 0: development of a new but undis-|permitted in order to enable -the . ODDS AND ENDS: Merck & Co., Ts 500 esmnerein Pie. sear 1838 8 336.839.287 22 | market shortly, : demanded of them.” Inc., says it has no connection with|11do-1300 Sha Never... Tig 0441054 310 - : “ ” Ripe & Cash Bal... 2.513.246.837.37 1,697. included in re] LIER wuss oeeee onc 25 Blac, Deck 8 PU mei. ah dot tu aot 8 4300 ; trade blacklist. Pur Hon Pounds ............. .00 | Blumenthal pf . Folsnsses BU. | . "ev, li 6Y, ~ Yalp J i AL 5. 182; 932: on: in; ona 41 3%, bt : be ng . +. « Pur- ] oa 5 7 Bl ...... 24% 3 aes 5... . : Marien ab nu pou H a . Foster Wise es A 11% Fide Ht. 5 a sist ; INDIANAPOLIS CLEARING HOUSE : 4 [) (A (2 lS new } | I [of Choice— 7, Reiter er re». 188"... oc T&T ......07. 11° U1 Clearings $4,623 . Sut 4 shipments will be made through the 500- 750 poynds .........., -+ [email protected] org-Warner .. 2 rink Sim pr $x »| Bac, Tin 3 3% 3% a | Debits 9,937,000 : Treasury Department's procurement x [email protected] | B hag division from now on. . . . Use of am Bd Gair Robt ..... 2% 2 Vy ens jet ... 12% 117s Chol Len +35 21 ; Para Pict'2 io 17s would save 50 per cent of fuel oil|Good— reestens 11.305312.%5 § oes. |Earkenayis .... 28% i now being burned, Architectural B00 pounds ....c.pe0.0.. [email protected] Dun & Bradstreet’s daily weighted Forum belives. . . . Standard Oil of oo 900 POUNAS ...ee.cvveees [email protected] price index of 30 basic commodities OM. compiled for United Press (1930-32) synthetic rubber (perbunan) from| ° Cows . |average equals 100): Week 887 ...ecveetenrsesea. 140.23 Month 2880 ...eevevenneeesee139.63 Year ago . 1941 high (June mn, 140.52.

fe There have not been any serious | 'éPutable companies who buy, not had to telephone a dozen people to legh ad” St. 3% 3% .e High (1941), 133.59; Low, 115.30. _| five points in May, rose about two SE TD SL Sn SAYS RAIL EARNINGS x: t Month AZO ...ooveecssrcaccn 28.26 s | ing. With different kinds of pamt| Steers, yearlings and heifers sold |4 Am Bosc 6% 2 T #| High (941), 20.75; Low, 26.54. ‘ ) % soy beans were down %e¢ to 1c. Bureau said. Coal production was American railroads, faced with dee mand for tin cans was increasing, (50 cents higher. A F Pwr. : Month Ago .. 17.80 . Worst of all, he complained, the sheep were unchanged, him. When reminded that only last Cub Am Sug ... 5% ; wees mee f 60 ary Co... 41 s ..... [Clifton M. Utley, radio commenta-| smaller even though prices were net earnings,” the’ periodical stated plainly what he thought. An attendance of approximately any June since 1937. Retail trade|,¢ only $81,000,000 or 87 cents per when the boom ends. “Why, we were] : 0.360 pound ceeserieeces. [email protected] A 4 £ Discussion at the convention will |the retail trade trend. Bank debits few years together with increased were going to get a lot of that beer Slaughter Pigs STAMFORD, Conn. July 21 (u.|settled under the Railway Labor Act but you've got to keep Soing. » and Choice : pared with a Year a Last Year |closed product to be placed on the railways to render the service being 1300-1500 0 Work Bal. chases of lumber for Lend-Lease 3.5% 9.50 2on ths DAILY PRICE INDEX JS J ! - home insulation on a wide scale : on 1 RY NEW YORK, July 21 (U. P.)~ New Jersey has cut the price of its S00 DONNA... ivnn.. 850098 IEEdaY . io. iesiivis iene rs 13978 1941 low (Feb. 17), 123.03.

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B19 cenis a pound. 1s The OPM Good ........ tirrrivensnseces 5.50Q 9.00 : is. studying a plan make alumi- seesseeeess T.80@ 8.80(Butler Bros pf. num from alunite mined from ore|hrass and common ....00100 8.08 6.80| Byron Jackson. deposits near Salt Lake City. Bureau| Btte : S GEEA ve? of Mines says the process would cost (Teariings excluded) Cal Packing -... 2 ¥ : Mills op 79%; the same as making aluminum from Begf= on C 24h, 0) Cn Lig the bauxite ore. as Since the Lene: Sausages rr MQ OTS ES o 124 1 | yk er 29 8 3 { ap + 10%. 10%: 10 Lease program gan the Bri Sood ieee vi kisavssrieed sens 8.009 9.50 wey 18 1 y Sig... Ye 11083; % 4 . have bought about 3,000,000 cases of Ba i Semmon .. i. i 7 2 Gar C & 01! 1 2 91% 2 . =r 38 Ba wren yo i Hn fr LOCAL PRODUCE $00} OF 10 percent of the esiimaied Youn ; Gateroinar , : 49 i 49% | Sgn, TAR... 1 1 3 i oi: on a ;*| Heavy breed colored hens, 7c: average monthly consumption of all| Good and choice. .............. 13. :50 | Celanes . 25% |S vee 3 3 : 9 32 8 colored Meme. fic: Leghorn LITLE 118 19 “or Glidd MY ve: 16% “ itts Sc&B , 6 + No. 3, Leghorn f hens, as. springers, Barred

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CHICAGO LIVESTOCK TRevSiDt:. 69) 14c; Leghorn springers, 2 1hs. and over,

15¢; No. 2 Leghorn Springers, 2 lbs. and over, 12c; cocks, s—Receipts 12.000; jLacuve on weights Ot ound 240 Ibs. down. Stead y. to strong; heavier $00.10 50 300 toun as sr MATE TIGR

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10:85 a 25 with Hghter \wetgk ts $10.35 hrysler pi 500-805 Certvesieay 3 x pf. ; : nd Cp is... 12% i SimEhA RE fo a 0 55 Bh Up iv, Smeg i {Jn Je Swe of mL Wm - 6] smioaqt. Supa (EPC Mn

Cait steors. and yearlings, 16@28c higher: fod eve Gra Te : Fos, a $3.35 00 50, SpinaghoTIlinols, Deiters shade advance; eady; Good and Cholce— en Be Co a8 Gu fae Sn: 3 areranees ida bu., bugs of Caulifiower— Washington, S16

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ol & 2 3, . 11; very| 500 Sodnds QOWE vconesivrss, [email protected] 17 sone iberal proportion o of run ster @12.25; ‘Calves (heifers) ig C G 3 Hanna 8 pf rey LR 8: several and medium Good and Choice Harb Walk weight fed ‘steers, $9512.50; $13.76 bid on prog Pounds down.......... .. [email protected] pa Son : e 1300-1b. averages; practical top fed 600 ds down he fers, $10 ou pant oad, $12.25; grassy W) th & 30s on oo SR 7.50; wei gh Be! EP: a ; pe 1 ) A Re 2% Hh 3 rai ! prise Cai to. choles old on’ early choice ............. [email protected] | GONE ircrafi . 33% T5@11. Mines 8 a5

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C os the close of the Chicago market | Cont Mot 3 aay 3 LOC AL ISSUES roany *B Indianapolis flour mills and grain|C . erchem of .. elevators paid 88c per bushel for No. 2|Cont Steel ..... 20 EA ercon Rub .. Nominal! quotations furn! ca) | ane is nis ‘per epaces op thelr merits). C Elon rary © ished 0 wltesr Naclonal Association seturitios| yellow rn; No. 3 ‘white thelled 5 corn. 160: No. 3 white ots. 336. Cream Stocks Bid. Ask

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Then someone said there is still plenty of life left in that base, so why not call in good old Kentucky Rock Asphalt, that modern, natural surfacing material that’s so safe and economical, and then we can forget about our troubles. That's just what happened—the trucks are rolling again.

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