Indianapolis Times, Indianapolis, Marion County, 22 July 1941 — Page 19

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"FINAL STOCK QUOTATIONS YESTERDAY

By UNITED PRESS

Acme

Cp leg

ZEREREDIEDRS EE

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Asso Asso

Aviation Bn

3arber Barker

Borg-Warner .. 1

Boston

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Byers, Byron

dams Exp 73% Adaressogranh +13Y, r Reduc 4315 ssi Juneau. y Corp

In Is Alour pill prot 637s Gds Bi oi

Bald Loca ct Balt & Ohio... Balt & O pf... Bangor & Ar.. Bangor & Ar

Barker Br pf. Barnsdall

Steel Ta Bein Steel 7 of 123% Bigelow San.... 28% Black £2 Decker

High Low —— Steel RA 4 4, h Corp : bf fo" ww 5 HS stl. 247; ust . 8%

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FIRE CASUALTY AUTOMOBILE

o Saturday

, | Today. .. Saturday a|Week ARO c..ocavegvesccesss

4 Simbel Bros ...

| DOW-JONES STOCK AVERAGES]

80 INDUSTRIALS tesserae eansaveses « 120.50 swssaesssnsssessses 121.98 Week ARO <tcacoocansessssses 127.89 Month AgO cecoccrcrccccsres 128,97 Year Ago ............ steed 122.06 High (1941), 183.59; Low, 115.30. High (1940), 152.80; Low, 111.84. ’ 20 RAILROADS ,

sesseense

Today .. +0.29 40.09 +1.46 +0.19

80.54 20.51 290.44 28.26 26.21 29.75; Low, 26.54. 32.67; Low, 22.14, 15 UTILITIES

cess tees sPOt sian

Month Ago. .. Year Ago High (1941), High (1940).

tessssessssscns

Saturday Week Ago Month Ago Year Ago High (1941), 20.65; Low, 16.82. High (1940), 26.45; Low, 18.03.

Net High Low Close Change

+t >

£18 i

—-

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vein} Du Pont pf Duques L pf...112

East Air Jines. 27% Mill

resto ne pt A103 108% restone N SEs 3818

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Foster Wheel .. 18% Fost-Whl . 130 Franciseo Sug Frank ml Freept- Su ur. 36% 2%

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10%,

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207% 15% 15% 7 38

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TVs 39%

14 29% 5

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to 13% . 37%

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INLAND MARINE

INSURANCE"

for Careful Property Owners

at Substantial Savings

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831, pt. 10734 Si

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PORKER MARKET

1S DEADLOCKED

Bids Are 15 to 20 Cents Lower Than Prices Paid Yesterday. sd PRICE RANGE

Receipts ~ 1,000

Railroads Here Report c a 24 Per Cent Increase Over

Last Year in Their Outbound Freight Carloadings

By ROGER BUDROW The public has discovered many militafy parallels between World War I and this war. There are several business parallels also, among them the railroads. In the, securities: markets, railroad stocks have been in the limelight because some investors be- . lieve they are in a good posi-

13 cecvecccessncccen. .$11.50 14 ceceenesdoccsnsces 11.85 15 teveerascseesncease 11.78 July 168 ccicessncccncesses 12.00 July 17 ..ccesaserseccacsss 12:00 July 18 ....0iceeessessess 11.90 July 19 cciciveseascacnsess 11.80 July 21 ..civeeenciccses.s 12.00

July July July

7,000 5.000 5.000 16,500 © 5,000 2,000 6.000

Bids for hogs were 15 to 20 cents lower at Indianapolis Stockyards today than’ yesterday's prices, the Agriculture Marketing Service reported. No sales were made for nearly

two hours after the market opened. Receipts were estimated at 1700 salable cattle, 700 oalves, 700 hogs and 1500 sheep. Monday, July 21 BOGS

. . . Hh fd Fo dh fk eh ph et pt het dt fut bunds (363 38333853a8

sss ssen. anes

Packing Sows Good: fh On Chote

SR Hangs 0.18 0.10

eesesecancense 10.09 teessessasn by oe Ee

0 R 10. 3

10.25

00 pounds . 19. 33

pounds pounds

50. 500 pounds . Slaughter Pigs

Medium and Good— 80- 120 pounds

CATTLE Slaughter Cattle & Vealers (Receipts, 1800) . Steers

pounds ...

“eseBesessinn

[email protected]

Choice— 750- 9 esses. $1

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LEY

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body haw Kh OUOO

1 1. 1. 1. L 1. 1 0.

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Mediu: 780-1100 pounds 1100-1304 300 pounds 7150-1100 pounds’ Steers, Cholehas rs, Heifers 500- 750 pounds srerersienes

500~ 750 pounds

eset0csnetege

8 8% Fass

®» oo 3 23 32 8 8

[email protected] [email protected]

Choi 0. Sor 900 pounds ervsisncennes

750- 900 pounds sessssseeices

Mediu $00- 0. pounds vssoscsnnsine ds .

[email protected] [email protected] [email protected] 8.50@ 9.75

Common— - 900 poun reassess

08 sevesinsrecisnervavesesn.

9.00

6:50 fe i

sscscsscnen

Se ecescnesscnce

Beet (Yearlings excluded)

GOO cicesvsunssensesisosse

0 Ive. 9.75 goo od

9.00 2

8.25 7.50 2.25 ood and choic .dv . 12.50 ommon and Thedium cera ves ERGs ull 7.00@ 8.50 Feeder and Stocker Cattle (Receipts, 600) Steers

$00.00 seers “srssesane

Vealers

Chol B00 B00 pounds . SN.1050 pounds

500 800-

500-1000 pounds Common 500- 900 1 POUNAS .ccevsnceosse Calves (steers)

Good and Shaice—. 500 pounds dOWR «ceececccsss ediume— 500 pounds down Sessstactnn,

- Calves (heifers)

Good and .Cholce— 500 pounds down. . tesceecns oe

lo [email protected] 500 pounds down ..... rrvane [email protected] SHEEP, LAMBS (Receipts, 1000) lamb (spring)

Good and ghoice. . Medium good... Com on .

RHR

nds Tesgesstsece. Xp

etesvesvaneee .

9.00@ 9.75 7.75@ 9.00

[email protected] [email protected]

Ewes (shorn)

Good and choice Common and medium ......

WHOLESALE FOOD AT 11-YEAR HIGH

NEW YORK, July 22 (U. P.).—|De Wholesale food prices, as measured

2|by the Dun & Bradstreet weekly

index, held unchanged in the week ended July 15 at the 11-year high established in the previous week. The company’s index of 31 basic food commodities stood at $3.09 in the latest week, and compared with $2.23 in the corresponding 1940 week. The prices of barley, ham, baton; sugar, coffee, beans, tea, potatoes, steers and hogs were higher. Flour, wheat, corn, rye, oats, lard, butter, cocoa, eggs and lambs were lower.

: Net Close Change +1-16 1

High 9-16

Ya 24

: Low West. Pac pf.. est on... West Air Bke.. Westing EI... .

1H+++ eb bps a oF

Ya 31% To 8 Westvaco

of 0 Wheel A vie Ss

a rE

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ed «

QUID TM LI += 8h 00

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a» DIDI ht BRB Nr casrrno 3 3

Wor!

Yellow Tr Voie ung S & W.

You Young Shee

htt sens o> Ct bet IRS PS

tion to make money from the business

larly freight business, is improving is shown in The Indianapolis : Times BusiRoger Budrow ness Sume mary. Inbound freight carloadings last week totaled 4812 cars. Thus far this year the 100,327 cars represents a 16.7 per cent Increase over last year thus far. Outbound freight carloadings show an even better increase. The 60,884 cars thus far this year represent a 24.1 per cent increase over last year at this time. Men connected with several of the railroads serving Indianapolis report that the great portion of their business is still what ‘they call “ordinary freight” as ' compared with strictly “defense business.” The defense boom has put more money in the public pocketbook, stimulating buying and thus shipping of “ordinary goods.” But they expect to be shipping more defense goods and possibly less ordinary goods soon because “of the restricting of civilian manufacturing in favor of defense manufacturing, as in the case of automobiles. Another reason for the large increase in freight business is shown in the grain receipts here last week, as reported by the Indianapolis Board of Trade. More than a-million bushels of wheat were shipped to Indianapoli® last week as Indiana's bumper harvest got underway. Grain receipts here this year are 65 per cent ahead of last year at this time.

STATE ALLOTED TENANT MONEY

Indiana’s Share for [Farm ‘Purchase Tentatively Set at $939,065.

Times Special WASHINGTON, July 22.—A tentative allocation of $939,065 was announced today as Indiana's share in the $50,000,000 available for loans to help tenants buy farms under the Farm Security Administration during the fiscal year 1941-42. Under the Bankhead-Jones Farm Tenant Act, the distribution of funds is based upon farm population and the prevalency of ‘tenancy in the various states. About 9000 tenant families. will |obtain such purchase loans’ during the year. Approximately 21,000 farm families have been helped in this manner by June 30, 1941. The average cost of farms purchased so far under the program has been about $4200, with an additional average expenditure of approximately $1500 for land improvement, houses and farm buildings. Farms so far selected average 135 acres ‘in size. Almost 9000 new dwelling loans of about $1400 apiece have been made to tenant purchase

farmers. ‘

LOCAL ISSUES

Monday, July 21 sce} quotations furnished by loca ait ror Nation Stocks nance Co Ind c

al Association of Securities Dante Co Inc >

Ask. 9

. Bid. Agents T% Agents . 20 Belt RR Belt RR Central Ind Yow Circle Theater co! Comwlth Loan 5% nid Hook Co ¢

[Indpls Gas com nd. Gen. Serv. 8% pid . nd Hydro Bles 1% pfd indols P&L 6% % pid ...

Dis ndpl Anco ineo. N Ind. N Ind N Ind Progress Laundr Pub Serv Pub *So Terre Haute Elec 5% D Union Jitle Co co

p Milk pfd.... ven Camp Mlik Som nant Bonds Algers, Wins'w W RR 4%28 ... rh

American Loan 3 51 erican Loan 5

2 | K acking Morris 5 & 10 Stores,

uncle Water Volk s- 3s 6 Ind Pub Serv 33%s 69 .

Pub Tel Co 4Y%:s : Richmond Water Works Bs 57. Trac Term Corp 58 57......... 70

+ HHH FREE RHE

Zedith Rad .

“Ex-dividend.

SAXOPHONE

Instruction ]=

INDIANA MUSIC CO. 115 E. Ohio St. LI. 4088

, alata

WASH SLACKS

rll or Plsated

$1.50 & $2.95

MARILYN FURS

A Better Fur Coat For Less Money!

2440 N. Meridian St.

GUARANTEED

5 471 L

AT OUR USUAL LOW PRICES

ny 43 S.

Leon Tailoring

LI Siok Man. avs: |

Indianapolis Business Summary

Bank Clearings Sect ncercrncccsne $30,089,000 ters sninsvavessnaess: $75,885,000 ;

Bank Debits Postoffice Receipts gaebssuasseseeas Building Permits Houses Apartments ovseasaaisecnringy Business Industrial Public Repairs 8 Alterations ........ Applied for Jobs ........cec0ie0ee Received Jobs Claimed Unemployment Benefits (July 12) citresestsrses Freight Carloadings: Inbound . Outbound _ Electricity Output (kwh) Water Prmpage. (gallons) Streetcar Passengers (July 12) Telephones In Use (July 17) ..... Livestock Receipts (head) ......... Cattle Calves Hogs Sheep Grain Receipts (bushels) .......s. Corn Wheat Oats Rye Soy Beans ......ceiicvivesine

Rivatvate stares

“septs sacttessencen Seen scsecsngscsssany

Tse sees RsRctscnnnnteng

SN s ssrB RttRR RIN Secassssneceessncan

sees ecee

EE EE EN S0eROsLRRRcRRRsasR ROY S \ ees 00 0sRRtRtResneRR IRR

Sete 0scv essences enetne

“ss essssstnr ster RRsRRtRee eesssssncsennancrsnniane Cece stecegrssesschecscecen

.312,980,000

Week Last Week . Before, _ ‘Year Ago $27,427,000 $22,276,000 $66,187,000 $53,110,000 $82,989 . $80,725 $84,539 $255,631 - $184,741 $167,387 $191,350 $169,150 $121,500 9 0 $30,000 $10,800 0. 0

Last Week

$34,281 1,113 494

1. ¥ 1,219 } 4,182

2,237 14,022,000

3,193 2,197 13,755,000 304,703,000 1,197,688 +87 52,690 5,408 3,178 39,961 4,143 1,510,000 "618,000 756,000 128,000 2,000 6,000

1,724 11,556,000 268,590,000 1,185,195 +54 50,130 6,057 3,283 35,575 5,215 963,000 365,000 487,000 54,000 51,000 6,000

1,324,538 +139 41,998 6,032 2,815 29,368 3,783 1,729,000 266,000 1,138,000 318,000 2,000 5,000

1940 1941 % Thus Far Thus Far '41'vs. 40 $579,819,000 . $686,163,000

$1,430,730,000 $1,752,913,000

$2,552,373 $4,409,508 $1,980,530 $1,556,780 $663,342 $883,300 $90,926 $402,018 22,790 10,231 101,348 53,017 100,327 60,884 387,826,000 7,017,190,000 38,234,350 105,612 1,600,877 129,667 84,194 1,219,775 131,261 19,401,000 13,192,000 2,849,000 2,802,000 163,000 "395,000

85,995 49,071 | 333,389,000 6,581,370,000 ° 36,845,787 96,248 1,665,720 . 175,310 . 86,856 1,343,224 . 143430 11,744,000 8,180,000 898,000 1,916,000 299,000 241,000

Sources of above figures: Indianapolis Clearing House Association; Indianapolis Postoffice; City Building Commissioners Indianapolis Office of State Employment Security Division; Pennsylvania Railroad; New York Central; ‘Baltimore & Ohios. Illinois Central; Chicago, Indiamapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indisnape olis Power & Light Co.; Water Co.; Indianapols Railways: Indiana Bell T#lephone Co.; Agriculture Marketing Service; Indie

anapolis Board of Trade Center Township Trustee;

On the other hand, livestock receipts here are almost 4 per cent behind last year but, of course, the majority of the livestock is trucked in to the stockyards nowadays.

Indianapolis department stores continued to run Detroit a close

Tattle-Tale

As many as 20 of these seven-. ounce motors, accurate to .1/10,000th of an inch, are used in modern airplanes to “tell” the pilot the exact position of many of the moving parts. Developed and sub-contracted by Bendix Aviation Corp., this Autosyn motor is being made by General Motors Delco Appliance division at Rochester, N. Y., at a rate of several hundred daily.

GASOLINE OUTPUT SETS NEW RECORD

NEW YORK, July 22 (U, P.).— National gasoline production in the week ending July 12 was stepped up 1,462,000 . barrels to a new record high of 14,020,000 barrels, the American Petroleum Institute reported today. "Last week's production compared with 12,558,000 barrels in the pre-

ceding week this year and 11,214,000 Bare. ir. the corresponding week fl

WAGON WHEAT

to the close of the Chicago market today ane flour mills dT grain elevators paid 87c per bushel for No. 2 red wheas Ah staded on their earal an r

corn 75¢;

N. 2 white oats, 3

here shortly.)

Mr. June & fain 2. d muds business; A , Carl 8Scudde

Earle Klepfer, Edin

Washington E. Keller, AL address; 1000 out par value; to generate and distribute alectric Surrent for peat)

! Fare. 2 ° No. vellow corn: No. ’ gr He shelled $1

second, in the week ending July 12, in their sales improvement over a year ago, according to the Federal Reserve Bank of Chicago.

Indianapolis stores reported a 29 per cent gain over the same week last year (Detroit had 33 per cent), and 25 per cent gain for

SPAIN LETS FOREIGN

BANKS GLOSE DOORS

MADRID, July 22 (U. P.).—Foreign banks will be permitted to close any or all offices in Spain and turn their accounts over to Spanish banks of their own choosing, under a new law published in the official bulletin today. : Previously Spanish law had prevented foreign banking institutions from closing any of their offices in this country even though lack of business warranted their discontinuance. Some American and British banks with offices here are expected to take advantage of the new law at once. It has been known for some time that the Royal Bank of Canada and the International Banking Corp. (United States) have been working on: arrangements to close their Barrcelona branches but were unable to

-jdos0 because of the previously ex{isting law.

(There are no indications of any general movement in that direction |to by British or American banks at present, however. On the other hand, it was learned that an Italian bank, Banca Nazionales del Lavora, is preparing to open a branch

Incorporations

Vonnegut ' Hardware Co,, Indianapalis,

amendment increasing capital stock

hares preferred having a par value of 100 and 0 shares common having a ar value of $100. Inc, Terre Haute: cha

isch Bros ‘ot agent to Zors J. Ermisch, 206 N, 3d

SR Inc. Delaware

® corpora tion; change of agent to sh. 10d. Lippold,

226 8. Wabash Ave. Waba Vincennes Theatre agent, Nat Blank, aute; 1000 shares RAVINE. 8

$1 each; operation of theatrical Sterpiies and dealing 2 theatrical yeu! ate supp: wy . J. Dee, 8. J,

equipment; regory, 231

LaSalle, Nervert L.

tern. Blayaions & Mills, Inc., Windfall; agent. address; 1000

. Mitchell,’ same a par value of $10 ach; . Berger,

tion Inc., Ft. R. J: Stetter,

Doehrm nburg H fire Electric Co., ne. X Indianapolis; “agent, kn

t and power. yhe, preliminary

dissolution. Par Bever rage Corporaticn, New York Shey: registration of trade ma rk

ass ‘44: non-alcoholic bever Hoster-Hiser, Inc., Indianapolis

ment increasing capital stoc Shares ‘preferred o

$100 par value and

ar value. ousing Associa-

shares Sommon no Co-operative tion, Inc.,, Muncie, amendment increasin capital stock to 3000 shares preferred o par value and 3, shares common without par value. g

‘Muncie

‘Federal Reserve Bank eof Chicago. b-

the two weeks ending July 12 and a 23 per cent gain for the four weeks ending July 12. In each of

these comparisons Indianapolis :

stores showed a greater improvement than the average city served by the Federal Reserve Bank of Chicago.

Pennsylvania-Dixie Cement Corp, and subsidiaries 12 .months ended June 30 net profit after fedreal ine come and excess profits taxes $i 057,178 vs. $583,655 preceding 12 months. Mead Corp. and subsidiaries 12 weeks ended June 14 net profi! $404,321 equal to 48 cents a common share vs. $324,020 or 36 cents a share year ago; 24 weeks ended June 14 net profit $766,385 equal to 89 cents a share vs. $681,532 or 76 cents a share year ago. Endicott Johnson Corp. and sube sidiaries 52 weeks ended May 31 Tiel profit $2,342,243 equal to $488 a common sale share ys. $1,291,991 or j238 on common previous 53 wee

Finance Co. of America at Baltie more 6 months ended June 30 net

share on combined class “A” and “B” common vs. $91,409 or 69 cents on combined common year ago. General Tire & Rubber Co. and subsidiaries 6 months ended May 31 net profit after Federal income and excess profits taxes $1,004,443 equal

to $1.77 a common share vs. net profit $280,563 or 39 cents a share « year ago.

: _— JEWELRY

i fs €L ZR

VTA

UNITED STATES DEFENSE BONDS AVAILABLE AT

| i

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oral

profit $95,000 equal to 72 cents &

BUSINESS AT A GLANCE .