Indianapolis Times, Indianapolis, Marion County, 23 July 1941 — Page 19

BUSINESS |

How will Indiana’s Auto Workers Fare

If Production Is Slashed 50 Per Cent? By ROGER BUDROW INDIANA HAS A BIG STAKE in a conference going

on in Washington today. The. talk is about automobiles.

Leon Henderson of the Office of Production Management ‘wants automobile production cut 50 per cent instead of just

20- per cent, as agreed upon previously. Leaders of the automobile labor unions in Indiana and heads of the factories, for the most part, are against such a drastic cut because they fear it will throw thousands of

workers out of their jobs.

. Governor Murray D. Van Wagoner of Michigan is leading the group which urges that the 50 per cent cut be modified. He realizes the curtailment is necessary but wants it spread over a period of months. The chief question seems to be: Will the automobile in-

dustry’s defense |

production be

ALL HOG PRICES RISE 15 CENTS

Top Returns to $12 Here As 4500 Porkers Are Received.

M

X

1925 1926 927

1928

1929 1930

931 1932 1933 *

934 935 193

937 © 938 1939 140 94H

Business improved in Indiana during June, but not half as much as the gain made during May, ac-: + cording to Indiana University’s Bureau of Business Research. Defense production increased, but shortages and delays in raw material supplies kept non-defense industries from expanding as much as possible.

Adams Mil a ddressogra . r Re vi P 433

aske Juneau

Jesh 3% p pf Te ¥ ww a 16g Lud Stl. 2 len Indust ... 8% lied Stores .. 1

PEREEEEREEY

High Low

’ Net Last Change

21 13% 43% 4Y, 3% -8Y, 24

Dt

FRR EER

“oe pa

=

Yesterday Week Ago Month“AgO0 .....ccvevenes Year Ago

Yesterday .... Week Ago Month Ago esssscesenece

By UNITED PRESS DOW-JONES STOCK AVERAGES

sesso ntcnsens

High, 1941, 133.59; low, 115.30. High, 1940, 152.80; low, 111.84. 20 RAILROADS

NEW YORK STOCKS

+00 —0.36

+ 0.28 Ph

Net Last Change +

High

Pere t pr pt 58% Pet C Mgt Milde 6%2 Pfeiffer Brew . $a %

THEIL 14

te

STOCK MARKET |

IS IRREGULAR

Railroad, Sugar Issues Rise; Trading Lags Behind. Yesterday’s Pace.

NEW YORK, July 23 (U. P).— Railroad, sugar and special issues were stronger on the stock market today while the general industrial list ‘lagged. ‘Trading contracted sharply from yesterday's million-

‘Ishare pace.

As the market turned #nto the fourth hour, steels were irregular, motors easier and oils firm. Demand for sugars paralleled a rise in sugar futures. This was induced in turn by uncertainty over the Japanese situation, which also brought a sharp rise in silk and a break in Japanese bonds. The stock market continued dominated by technical factors and paid little attention to war developments. Profit-taking went ahead in some issues while selective buying boosted prices elsewhere. Numerous special stocks moved higher, some to new highs for the year.

STATE CORN STILL

Bc

Giant Pipeline Seems Assured

WASHINGTON, July 28 U.P), —Defense officials foday expected nine major companies to co-operate in the construction of a $70,000,000 pipeline that will deliver 250,000 ‘| barrels of ¢rude oil daily from Texas fields to the East Coast where a shortage threatens. Defense Oil Co-ordinator. Harold L. Ickes recommended construction of the line yesterday immediately after Congress had enacted legislation authorizing the Government) either to assist ;private companies or undertake the project itself, The Socony-Vacuum Oil Co, Cities Service Co., Standard Oil Co. of New Jersey, Atlantic Refining Co., Tide Water Associated Oil Co., Shell Oil .Co., Gulf Oil Co., Texas Oil Co., and the Consolidated Oil Co. are expected to join in the creation of a subsidiary to build and maintain the line. Mr. Ickes promised: to. ask priorities for the materials needed for the line. -A minimum of eight months will be required for comple-| tion of the line. Meanwhile, the co-ordinator will

of the United States oil compa exporting ‘oil to South Ameri countries methods to equalize ductions in their shipments necessitated by an -0il tanker deficiency. |, Routes: to Argentina, Brazil, Uru-

discuss today with Yepiresentalives h

5 PRCEFIXNG | A BOOMERANG?

Advances May Result From Hearings.

By CHARLES T. LUCEY Times Special Writer WASHINGTON, July 23.—Cone cern was expressed here today lest Congressional hearings on price control legislation, soon to be ine troduced, may result in stimulating new price advan ‘This would be ‘the reverse of t! effect sought by Leon Hend his Office of Price Administrae« on and Civilian Supply. Officials of the Retailers Advisory Committee, which , worked clogely with Mr. Henderson's office, suggested that the hearings might Wok in three ways to indyce price es: 1. By creating unjustified fears of | in consume goods such:as od defense materials, 8. By emphasizing threats of her agricultural prices, already g demanded. The farm. blog ‘|in Congress might demand commite menfs in this direction in return for suport for the price-control

Retailers Group Fears New

~

legislati ‘3."By “High-lighting. demands for * higher wages. The Congressional labor bloc, liké the farm bloc, might become vocal ‘in this direction.

going good enough to take| . ; up those who Roger Budrow ose their jobs? The industry has about two billion

Year Ago . High, 1941, 80.54; low, 26.54. High, 1940, 32.67; low, 22.14. 15 UTILITIES

eeecssnnces

Plymouth Oi Pond Crk Poca gd

| EE

guay and Chile will be affected par-

. HOG PRICE RANGE Uewialy by the reductions.

Len To, Receipts July 15 vevensesnsediocieni SIL 5 5,000 A July 16 eosesscssntssscsecs 12.00 5,000

- NEEDS MORE RAIN

Press Stl L Car | . 10% 4 Corn is making excellent progress

ter

18.72 18.63

Yesterday Week Ago

LL aiid NEES NEES

esse sss sssscsnce

dollars of defense work. Its defense program is expected t6 absorb 150,000 workmen before the end of this year, 100,000 next year. Henry Ford’s giant. airplane engine and bomber plants at River. Rouge and Ypsilanti, Mich, will need at least 75,000. Mr. Henderson’s proposal would educe new-car output to only 2,400,000 units during the new model year beginning Aug. 1. If would result in enormous savings |: of. aluminum, steel, nickel steel, zine, and tungsten. Indiana is becoming more of .an automobile manufacturing - state every year. During June there #were more than 45,000 persons working in the transportation equipment industry in Indiana, the great majority in automobile factories themselves, according to the Indiana Employment Security Division. This meant a payroll of nearly two million dollars. General Motors has big plants at Indianapolis, Anderson, Muncie; Studebaker and Bendix are ‘partly

responsible for South Bend’s cur-|goo

rent prosperity; Briggs Body-has a factory in Evansville; International Harvester has big factories in Indianapolis and Ft. Wayne. There are others, scores of them, who

make parts for the auto firms. The}

decision . reached in Washington is bound to affect thousands -of Indiana workmen. ” 8 4

ODDS AND ENDS: Argentina

shipped 16,000 tons of beef to U. 8.|gh0q

by the end of May, compared with 17,450 tons for all of 1940. . Tin being more tare ‘than silver ‘now, metallurgists are ‘thinking of sub-

stituting silver in making solders. | 1100

. «i Training plane makers are using “I s instead of aluminum. . . AAA officials ate worried about Canada’s buying cheaper Brazilian cotton instead of U. S. product because once their mills change over machines to Brazilian cotton, they may never change back. Some New York brokers thing the Securities & Exchange Commission should be moved from crowded Washington to New York, where most of the securities business is centered. dianapelis Water Co. Class A common stock, sold, recently to the public at $13.75 pér share, was quoted on local ‘markets yesterday at k14 bid and $15 asked.

OTHER LIVESTOCK

July 23 (U. P.).—Hog marLgl — hier 80-200 1bs

i a BR $10.

1bs. $9. 78:

5; dou $112

03 Lam

5. STATEMENT

23 (U. P.).—Gov-| receipts for the curh July 21, compared

yearll

u

WASHIN TON. July ernment :eypenses an: Tent fiscal year thro ith & year’ago: v 7 his Year 7

nses. $1, 102 3 Toa ,815 Gross Def a0 A Net Def.. 44,

Cash Bal. ,089,8 Work Bal 1,918,455, Pub. Debt 49,281,270, Gold Res. 22,661,448,3 Customs... 25,144,1

“302 £200 1 BI 13 O os C100 Os Oh 00 1

24.19 4 ,475. 0.85 18,485,8176.06

INDIANAPOLIS CLEARING HOUSE ebits 10,915.00

Y y LOCAL PRODUCE Heavy breed colored hens, 17c: No. 2 gojored hens, 14c: Leghorn hens, 12¢; No. 2 Leghorn hens, 9¢; springers, Barred and White Rock, Ibs. and over, 17c; 2 spiingers, Barred and White Ry Jac: Jeghor springers, 2 lbs, and over, 15¢c; 2 Leg fh springers, 2 1bs. and over, oe: cocks,

Bu 3612 @37c; No. 2. 35@ 3 otal No. 1, 35c; No. 2, 33c. arm pickup prices ‘quoted by the Wad-

op PRICES

me

. Lettuce—California, crates, 4.85, Sweet Potatoes—Tennessee, bu., $1. @1.15. Onions (50-1b. sacks)—Iilinois el lows, 75c¢@$1; Idaho Yellows, 65¢c; Washington Sweet Spanish, $1.3

WAGON, WHEAT to the close of the Chicago market ” toy 3 Indianapolis flour mills and grain Sidvators paid 87c. per bushel for No. 2 : wheat (other crades on their merits) and fo: Below 70c per bushel for shelled new vellow corn; No. 2 white shelled rh Tc; N. 2 White oats, | 33c.

July 21

. In-|Mediu

H common and medium Cull

July 17 ®0ssssssesespesanse 12.00 6,500 July 18 seceiseceses 5,000 July 19 cceeesensee 2,000 ceessscsrescscnsss 12.00 6,000 July a seuveseesnestioL 11.90 2 6,500 July 28 sesssnessrssiontsan 1 }

em

yards today, replacing the top at $12,

reported. * The top was paid’ for choice “200

salable cattle ' were received, 600 calves, 4500 hogs and 9000 sheep.

70 pounds’ 270- 300 DO 300- 238 8 pound

. sesssssecansse,

sev sessssinge

righ: 200 pounds ...es.e00.... [email protected] Packing Sows Good and Choi 270- 300 pound 300- 330 pound 330- 360. pounds

+. [email protected] « [email protected] [email protected]

d— 360- 400 pounds 400- 450 pounds 150. 500 pounds .

Medi 20- 500. pounds Siaughter: Pigs Medium and Good—

90- 120 pounds [email protected]

vege dct anan

Steers

$%000s0000s0ne se0000500d0.

edium. 15 1100 pohnds . 180-1300 0 pounds

750-1100 1 pounds Chol Steers, Heifers

500. 750 POUNAR Nuva etssravee [email protected]

eo 00 “sds sscenes

[email protected] i 8.50@ 9.50

4,500 4

A Hog Pest rose 15 cepts. on all weights at the Indianapolis stock-|4

to°210-pounders. An estimated 1400 A

[email protected]

3 kg

1 & ¥ P $6 pf 16% m & FPF 2 5 85 20% & FP Hider. . ‘Invest III. Ne

the’ Agriculture. Marketing Service| Aka A

Am Wat: Am Wat W 1 pf 5, Am Woolen ... Am Sronlen pf. ais

Armstrong ck’ . Asso Dry Gds 9 As D Gds 2 pf. 100: Asso Inv pf ... 85 Atchison 3

Aust Nith pra... Aviation Corp . 3% * Be

Bald Loro hv ve «191%

: CATTLE B Sladghter Cattle & Vealers (Receipts, 1400) | Ben, & co’ n

Seth 3eth Siéel 3 Bt. 13 Bigelo . i Blaw Ki Ban vous Boeing Afr .... Borden

] org Warner ose B .

30W

ure Far ew Tigss U

irs 307; klyn U Gas 12%

ucyrus-Brie | vi+.11% uid Mig © 7p udd M. ul. udd ul:

500- 7 700 pounds .......0..... [email protected] Cholés. Heifers oly. a “e00 pounds .....o.v00000 11 13.35 50 20 pounds’ ssgsse0ssanns 11 [email protected]

500 S00 )_pounds ciecssiaaane, [email protected]

Co 500 "800 pounds ....iceeeee.e [email protected] Cows

ssec0ssv0000es

3% 350

“secs cscee ceseesae

Cutter and common

Bulls (Yearlings excluded) sssesesisscsscsscecees 9.26@ 9.75 Medium esescasses 3008 8% Cutter and common -.... Cosve 9a 3:0 8.0 Vealers Good and choice ......... se

1 [email protected] § Mei 50 7.00@ 8.50 ‘Feeder and Stocker Cattle ( Receipts, 600) Steers

60 ccna 0.756 ney

weepovesboce. $0000 80000000

Co or 800

800-1050 i 0

Bounds 0- 800 p B| S00-1080 bv] 500-1000 pounds Common.

500- 300 1 pounds: ceesessiends / : * Calves (steers) ‘Good and .Cheice— 0 Jounds AIWR ia. ieeas 500 ‘pounds down J..eieiinsen

Calves (heifers) .

10. 8 07 10.50

9.00@ 9.75 _1.75@ 9.00

[email protected]

6 ™ Good and Choice—

Tuy Sounds down... eucenes 00 [email protected] 500 pounds down ... [email protected] SHEEP, LAMBS (Receipts, 900)

Lambs (spring) Good and choice .. Medium and good . om.

+ 10.25@11 8.75@ Ewes (shorn)

Good and choice

Common and medium 33

3.75 2.25@ 3.26

s—Recei is, 8000; slow and uneven,

stead to 15¢ Bi her; ie 5 S13 90; bul - 240 $11.6 60611. on Hho ibs. $11.15 311.60 S., 31 0.8 11. Ln Wo 0 yackin 850 eneially’ $9. 0a 10 25; lighter inde, $10.35

Sheep—Receipts, 1000; slow; few early sales hative L ring lambs around ena w good chojce lots at $11.75@12 bidding arognd stead d on fed fat sheep oily, st stea y: few lightweight ewes, $5;

or tt. oi ui, ib 9500." calves, 600; eral steer market strong; Instances’ ' 18% to 15 de Higher on light steers and yearlings including heifer yearling; very liberal supply medium weight and long fed Seer

yearlings'

pendable action; common edium grades scarce and hardly ¢ enough Stone caple here to make a mar beef cows firm; canners and cutters on bulls 25 cents lower; vealers steady; top on steers, $13, paid for six loads long yearling and meight Biserss me liberal San

$11 185@12 5. fst. loads

2.95; steers Saag 139 up to ot 5%; down; practical 1 oitside a on n Feighty “santas

best heifers COWS, bulls $9. 25; e but quality heavy

Ics stiy J lots;

$10 in finering,

vealers diy fed 812@13

round on better ha an low price

LARGE ST OPTICIANS

1 ghops ‘all

a i vines

Bay as Yon wear + oe

Charges. Cn a tor ed Wo

to YOU possible. .

few

. NEW TYPE GLASSES GIVE Provide for roe Rags ed vision for NEAR OR le Rimless ‘Gold glasses, complete with TORI IC len ‘prescription of a Licensed Osteopath. Glasses - ese are sold by others at several times our new

FREE' VISION FAR, Latest

10-DAY TRIAL! aay yout or 4 EES biggest bar bargain vox Jou ever r had: Pe 3,000,000 sATisFiED 2 CUSTOMERS

oa § als

e Celanese pr pf i ES rr 2

en Cent Viol Sug. .

Qa

noite Col

11.75@12. % Con 10:00

CHICAGO ) LIVESTOCK [¢

Consumers.P pf.101 Container 16

Cal Lg Te - 31% ne

Callahan Z

& Campbell wy. . 00|Canada Dry.... Can, Pacific. Xe Carpenter SY -

Calumet 12%2 15 415 29% aries & G 3

+X. TB a aterpillar Tr os 48) elanes

erro de Pasco ertn-td 6 pr pf

Eq pr El nim pf.11 pve og, G a 5 BE. 10:

5 = = oat Pond o

g! ons Copper M. Cons Ediso: Gans Edison ha 10194 ons Fil im pf. 10,

) | here, but all representative wel ts Lot de-|C:

Curtiss-Wr A... Cutler-Ham ....

Lau & W ...

Det BR ist Seag: ..... 1 st Bons 1. A ’ oehles D. it Douglas Afre i R Dow Chem ....131 Dresser Mig. . 1g x Fort of. SH if

puplan fd East Air 7 pe

Ne a LUI: +44

| RESese § dss

CHET

— 0b

+ . .

PERLE L LE TIT Hers

i db]

SRE FLEE EE RHE

HHL RE LH HR AR LE Hr

pli HHL

[

BGR 3 au

Je

8. a

C Faeaaaa 2 Spada s crcr or er cher or ctr

ES

FIFE LHR HE HEL HET

EE aren ee pees’

0.

A

. . . -

. . . 0 ee

=

»

FIT ++ ++:

.

. . . »

1 .

- D+l%:

3

1:1: Ll +e]

~

3

=

pod het

} Gala GNRRR @®

SaltaR

® i,

Month Ago Year Ago

Gen -Am Inv Ge Gen Baking n

n. Foods Gon Foods Gen G & E

idden Good rGood dy

Harb-Walk

gi phe: Hud &

11 Cepiral Cent

Indian

- = or

T Int

T&T For 2% a Island Cr Coal. 322

Jarvis Co

Kelsey-Haye Kennecott

anati sug. . an Shirt

arine Mi kt St Ry arsh artin

artin

ath jeson

cKsn & R ead Cor; elville 8 engel e! esta Mach

22g IRIS »

Nevni. Min N Yhir B ir B NYC&St NYC&St L NY

No Al No

o Pacific ort, Norwa

d Ind..

n Am Tr. Gen Biola... Sen Slecine. .e

Holly Sug ... Homestake oe dh B..

3 Hudson Maso . 3 4 Hupp Motor.

11 11 Cent rr L

vase .83V0

Johhs-Man _.... 67} Jones & L 7 pf. 108’

Kalamaz S&F. .

NY Contrai .e L’

vas 2 NY NH & H pf.11-16 » 13%

High, 1941, 20.65; low, 16.82. High, 1940, 26.45; low, 18.08.

High 4%

Gamewell Co.... 2 |Gar Woo! Gar Wood Ing » 7

5%

ase - 33 rieft

pe.

«vo 202 Prod jg 1104

. 18 Gn 3.

— a — 87% "20% eee 40% 14

2 38% 2h 3 —— « 10 105% 674 107 — 10% 10% * odt Vs

39% . 39 3

2

30%

aracaibo EX. oe

r pt EY

Slenn) arry.. asonite Corp. .

ar. & Corp. . cGraw El raw Hill.

new

Myers “a Br..

Nash-Kelv .... N Ch & St'L...

- Aviation ...

ing. 301%

Newpt a | Sh 25% N 5 Py 113

. 40 : 135% . i 4% p «oo 4274 §-. 11-16 13

‘No Am Avn

Sah aBhlunwss i PELE Lew IRR os

-

WLIO ee

BlaSoho8La82

2 3 fe 3 [++ HH]

aoe ®

I+:

C=

SR

cE IE HL

NF

ER UEEEERNEERAF

HAE

hi

+1: 8

. .

5. . BR EE AER 5%

a Sl.

JY

TEER ERE

4]

ot. : pt

DAE

: +1

FEE EE RR RESSpess pan wn

1+: +;

+11;

+04 +

Lid Lb #1 HH +

Al EE TE I Rt ry it &

Ph HE 4]

. . .e oe

| 14: a a

. . . .

pr Fees’ a <

FH] +]

=

+: 1

hi Th

lt apie Dees Be

FP J

++

FEERE Se Rossel

HH

i.

EL s4:

‘| Revere 5% Reyn Me

Skelly "Bin ess

EERE mr BEE

.

po : f 143 r Ser § Bt . 990%, 99%

$4 FEF

+: HHH

O65 Purity Bab’

11%

=

Quaker St Oil.. 11% Pr 4

. > - -

Reo Mo b ie Republic 20% Republic FA pf. J00% 100 Revere 7 pf.. 113% 112%

SEs Soe srpsess se

&! R Met cu, cv pt 92%, Reyn Spring. .. ‘ 1% Reyn b 33%

uberoid 17% Rustless I& St. 11% Rust’s I & S§ pf 44%, : —— Ya 4 . 19%; 127 57 n

rete I++ H+

St L-S Fran . 3t Lb So W pi. jJavaga Arms Johshicy Dist .. 3cott P Seab’d Sears Hoebuck nave Servel 8

Shar D&D Shell” on oii...

Snider Pkg . 15} Socony. Vatu: 10 So Am Gold. 2

BN hed on

Bar Bann Bano nso NRRSERE FERRE

Dl HERE EE

— 0 bt pt BI pt BI bt

J CX JCC SRR UR

arks Wit Shear & Co.

.e ' 45% Sperry Co . 39% Shicer 37Y2 Shiegel In. Ine f.. §% e! c Square D P

.

“3 Wn =I WF

+++: Eres ow

“pe

terl P.

We Slokely Br oe Stone '& Web Studebaker . un Oil

J = FNFNFEREFSR

Suite fl. w 1% g w Syming Gld xw 67%

sl LEE

Penn Corp .... 9 Poxas Corp .... 43% G Sul .... 373% ox &O ...0 ex Pac LL T ....5% exas & PAC .. 13»

1+: Ta

oe >. “oe .

gd

eR 38. “ Tra 5 & Wms... 9%

Und Ell Fish. Unfon B&P . Union Carb ... 7 On Oil Ca

Jn Air Lines . Aited Qotp tj 2% n nited Drip PY ‘334 4

Ite Li + HEL

. -

EE CP TE

J ® DED EE

11:43 +0 1+] - . a ox

. 1: sa 348 we

1 1+1++

© . . .

waldort Sys ... Wi . H-G&W ii 20% Nv. 3 W_ pf.

Ul 280 Air_Bke. 24

ing . 95 b 1 pf 130%

DH HEE LH]

: Er

14: DHE +4

Yellow Tr" .

Young ‘0 Fi Li

Young’

DAILY PRICE INDEX

NEW YORK, July 23 (U. P).~— Dun & Bradstreet’s daily weighted index of 30 basic commodities com- |e piled for the United Press (1930-32 average equals 100): Yesterday Sscescencsecrgecce 140.83 WERK BBO «vvusssvenesvasvess MOTT

14% 31% 17

Year ago a Ean awsers 113.80 eee gee

High 1941 Low (Feb. 17) .......... 123.

: on Your Home? Consult Us 11

: = Eras Sess 2 BE Do

Month ago seevessscsraseves 139.21 4

in most parts of Indiana but many southern counties and some northern counties need more rain,’ the Indianapolis Weather Bureau reported today. The crop is tasseling in northern counties, is largely tasseling and silking through the central section and about 40 per cent of the corn in the southwest is in or is approaching the railk stage. 9 Oats harvesting is nearly finished in the north, is of fair te good quality and above normal yield. Wheat reports show good grain and yields above average in almost all of the state. Tomatoes show good setting of fruit and are beginning to ripep in southern counties. In localities soy beans are too rank for best expectation as to hay and seed, the Bureau said. During ‘the week about one-half inch of rain fell in the northern half of the state but was below

. normal in most southern counties.

POWER RATIONING ENDS IN SOUTHEAST

ATLANTA, Ga., July 23 (U. P.). —Commonwealth & Southern Power companies in the Southeast lifted

all restrictions on use of electric current today until Sept. 1. C. A. Collier, vice president of the Georgia Power Co. said increased stream flows caused by heavy rains in Georgia, Alabama and. Tennessee had removed, for the time being, the need for curtailment of use of power which had been in effect for nearly two months to aid national defense production, especially aluminum plants in the Southeast. Companies which lifted restrictions, effective immediately, included‘ the Georgia, Alabama, Mississippi,, South’ Carolina and Gulf power companies,

CHAIN STORE SALES RISE 12 PER CENT

NEW YORK, July 23 (U. P).— Chain store sales in June were equal to 133 per cent of the 1929-31 average compared with 132 in May and were 12 per cent higher than in June, 1940, the monthly index compiled by the Chain Store Age showed today.

PARENTS COULDN'T SAVE HER DENVER, July 23 (U. P.).—Judy Cummings, 2, suffered a fractured pelvis yesterday because her parents, both deaf mutes, couldn’t warn her of an approaching automobile. Mr. and Mrs. Ray Cummings stood helplessly. on the front porch of their home and saw her run down a few yards from them,"

NEW TOP IN SHOE OUTPUT NEW YORK, July 23 (U. P.).— Shoe production in June reached’a record level for the month, rising an estimated 42 per cent above production in June, 1940, the Council of America today.

LOCAL ISSUES

Nominal Suctations furnished by local unit 2 Na onal Association of Securities

poems Belt RR &

k ¥ Cort Ind & Bi w Circle Theater com Co Hook Dr Loan 5% pfd..c..... 98

Wayne 3 80 1 5 pfd.......104 3 Ea

announced

Ask. ®

‘80 123% ‘101

Bie

Stocks Dance Co Ind . jo Co 20

a

PL 1202

Beg

ed

Fub a "of Ind 8%

b Serv Co of *So Ind “ees Terre Haute ee 3% a... 101

nsf oF om ecsceccnens ‘ne

I xv aaerres a Bonds : Algers. Wins'w W RR 4%8 ...100 American 3 51. omer Newipa; aDers “whi 425i Ch of C wipapers 43 Clttsans Ina Tel 42s

pid... 60% f Iva 15? pid. 151%

Van Ca Van Cam

sashes ssnen

55 Pub Serv of Ind 4s 69 ... ee Pub Tel Co 4 Alas i | Richmond 71%

Trag Term Coro

2 VACATION BOUND?

Why not segd your luggage by RAILWAY Express and take your train with peace of mind. No extra charge for pick-up and delivery withia our regular vehicle limits in all cities and principal towns. Speedy, safe, economical. Just, phone

| RAILWAN@)EXPRESS

NATION-WIDE RAIL-AIR § mics |

Tanners| |

TERRE HAUTE GOAL AGENCIES LIMITED,

WASHINGTON, July 23 (U. P). —The Bituminous Coal Division announced today that it is setting up machinery to establish maximum prices for coal sold by regional marketing agencies when such action is necessary in the public interest. A regional marketing agency is a co-operative selling agency formed by soft coal producers and empowered to fix market prices for competitive coals. It is immune from anti-trust laws so long as its activities do not violate BCD orders. Authority to fix maximum prices to protect consumers has been incorporated in orders granting provisional approval to three new marketing agencies in Terre Haute, Ind. Maximum prices could be invoked by the director of the division when the BCD finds that any: member of the marketing agency is restricting the supply of coal in interstate commerce or charging yadaly high prices. The maximum price regulations were incorporated in BCD orders approving formation of the Indiana Coal Corp., Brazil Block Fuels, Inc. and Belleville Fuels, Inc, all of Terre Haute.

WHEAT REGOVERS ‘EARLIER LOSSES

CHICAGO, July 23 (U. P.).— After an initial decline of 3 cent a bushel, wheat futures on the Chitago Board of Trade, staged a recovery move on buying placed to the account of mills and shorts. y At’ the end of the first hour wheat was unchanged to % cent a bushel higher with July at $1.015. Corn was up % to off %c; oats unchanged to %c¢ higher; rye unchanged to up 2%c, latter on old style July and soy beans were down 1% to 2%ec.

INLAND STEEL CO MAY ADD FURNACE:

CHICAGO, July 23 (U. P.).—Inland Steel Co. announced today that it has entered into a tentative contract with the Arthur G. McKee Co. of Cleveland for construction of a blast furnace at Inland’s|T. Indiana Harbor, Ind., works. . If the contract is completed, the furnace will be Inland’s sixth blast furnace and will have a daily ca-

Examples Cited

Studies by the Retailers Advisory | Committee show that Governmens iin and the successful drives of groups are undermining ewe OPACS is attempting to do. The committee cites the following actions as contributing to higher prices: The successful campaign of farm interests for near-parity loans, and the support given farm the Surplus Marketing on. Industrial wage incréases and an expanded demand for goods resulte ing from increased employment. Development of a sellers’ market, To these factors officials of the retail group today added a fourth on the basis of new reports: Cone sumer-goods speculation and hoarde ing in some lines, such as sugar.

Sugar Hoarding Again

The uselessness of some of this consumer speculation was cited in relation to sugar. There are now 1,800,000 mere tons of sugar in the world than ever before, and this country has its share of the surplus. Sugar quotas have been relaxed several times recently. But sugar buying is increasing, apparently because people remember 1917-18 sugar rationing. One dealer - ported to the committee that an ordinary two-month supply was sold recently in one week. The support of butter and egg prices by the Surplus Marketing Ad« ministration, and the cotton-loans policy of the Commodity Credit Corp. were cited as tending to nullify OPACS price-control efforts, The committee also pointed ous that many industrial disputes had been settled by the National Dee fense Mediation Board on the basis of increased wages. participation in stabilizing yard wages at higher levels also was cited,

Incorporations

Indiana Marketing Quota Protest Assoe clation Inca Rushville, no capital stocks Lamont O'Hara. Alva O. Bitner, Haven

Davis. raybar Electrie Co., Inc., New York cor oration, ing of ¢ opy of amendment, kas-Harold rps SPhnesticu corporation change of a to F. Ernes Shaw, R R ox 854, ey 1is. Radi) TE

Inc., Hardinsburg: a ent, Max "Radel, an 9, address; 4 are out par value; grav ir ness; Max Radcliff, Albe erry. John Criswell. 3 Wa “" , Lawrencebur 3 lag certi cate as to the Use of thena and style of Woodland Distillery. Wabash County Rural Electric Membeta - Snip Corp., Wabash; certificate of am

m Charlestown Stone Co Inc., Hard

ins. b sam o address 1000 otEEes without par value;

Stone an ravel business;

ei william Ehringer Jr., Ragelid ‘Regan, disso k i,

le Exchange, In¢., Indianapol mi Rrapaporiatin Compan xX Saale Fr Hixson, Ape oh oe in Bo Tiginsapols, Transit pombe ine T L. Thane 906 Tr ce

an Company, Illinoie corporation; relied to In a to m

pacity of 1000 tons of pig iron.

man ufacture and Je heating Specialties and allied products

WABASH HELPS WILSON ON DEFENSE JOB |

77 ovent you~ WERE JOKING WHEN OU D YOU'D

HAVE PLENTY SOF MEN HERE THIS MORNING:

FAST WABASH SERVICE LINKS ST. LOUIS WITH KANSAS CITY

Any time tween St. et a Wabash ticket. hree swift safe and totes trains daily between these ete points. For details and rn YORK. ., write or phone TOM SAYD 51 RR 2% Ts

USE YOUR OREDN at IN Vil BN 1 I ONES! ip

CLOTHING COMPANY

131 W. W st. Directly Opposite Indiana Theater

WASH SLACKS

aD rd 3 lated

$1.50 & $2.95 Leon Tailoring.

- Ist Block Mass. Ave.

SEE the new ‘EVERSHARPM PEN & PENCIL SETS

$8.1 Guaranteed

for Life

STANLEY JEWELRY 0.

Hn

WASTE PAPER

AMERICAN PAPER . STOCK COMPANY RI-6341

—~Ask to See the “Clifford” WATCH at

‘12*

=]; Wan LO

I

H—

* SHERWIN WILLIAMS Has a Paint for Bv BO SE

VONNEGUT'S

—————————————— A ———————————

TRY A WANT AD IN THE TIMES.

THEY WILL BRING RESULTS.

WHEEL CHAIRS | ' Why Buy One? Rent One at HAAG'S ALL-NIGHT DRUG STORE