Indianapolis Times, Indianapolis, Marion County, 24 July 1941 — Page 25

PAGE %

ISTOCKS MOVE | IRREGULARLY

Airline and Sugar Issues Meet Profit-Taking; Trade Moderate.

NEW YORK, July 24 (U. P.) Stocks moved irregularly today with special issues and groups receiving

buying attention. Trading was around yesterday’s levels. Some of the special stocks had advances ranging to nearly three

THE INDIANAPOLIS TIMES |

Defense Spending Grows NEW YORK STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30. INDUSTRIALS Yesterday ...coccccceceeies 120.16 Week ARO ....cceoovensecscas 127.14 Month AZO ....cecececccesss 123.96 Tear ARO ....c.ecaceienseaes 12198 High (1941), 183.59; Low, 115.30. High (1940), 152.80; Low, 111.84. 20 RAILROADS , | Yesterday «....oceavvvcannans 2 Week AZO ....cocecen Month AZO ...cceenee 28.64 Year ARO ....c.ccncnnaessees 26383 High (1941), 80.54; Low, 26.54. High (1940), 32.67; Low, 22.14.

13 UTILITIES

Seestescassactecne

Net High Low Last Change

Poe

Net Last Change —0.42 —0.69 +0.44 +0.2!

¥ % —=31-18 + Ya

Adams Ex

oasis Pac Am Fish . Alr Rede . ve

Pac Coast Pac Soast 1 pf Pac Gost 3 ht

G & Pacitic Lig. ... 36 Pacific Mills Pac au Cons . Packar Pan yi Airwys Panhandle ... Paramt Pict Para Pic 2 pt. Parke Davis . Parker Rst Dnt Park Utah Pathe Film . Patino Mines - . ey . Penn Penn a Py Penn RR Pepsi Cola Peoples Dr ....

Deo -3

Indiana Railroadmen Are Puzzled

By Request of Defense Officials By ROGER BUDROW

SOME RAILROAD EXECUTIVES AND UNION LEADERS in Indiana are at a loss to understand how 100,000 railroad workers can be transferred to the aireraft and shipbuilding industries. That is what the labor division of the Office of Production Management in Washington is asking.

Alaska Juneau.. Allegh Cp pf $30 Allegh Lu Allied Kid Allied Mills .... Allied Stores ... Allied Stores pf 8 Allis Chal 31

- Ape Ls OT ee PRN BY

30.30 20.41

40.01 40.01 +0.14 +0.11

3 tad od

sseas

ok DD pk pb 08 CHD Ehime bt

Airlines ... Bk Note pf. Bosch

+H I++ hE 4d “w

® 2%

18.78 18.58 17.95 21.92

Yesterday 4 Week ARO ...ccosevsnccssnnse Month ARO ...eecescecrseses Year Ago

M~JLID WD on bn 13 LO

They realize that more ships and airplanes. ists, welders,

The Beech Grove shops New York Ceniral southeast edge of Indianapolis are working six days a week now. They report that all men on furlough have been recalled, new me n hired. Around 3000 men are working there now, rebuilding locomotives, freight cars and passenger cars, compared to depression days when the shops were practically been and

in some

v the same situation ne Monon shops at he Baltimore & at Washington,

Al ex Gordon, secretary of the joint legislative committee of the Railroad Brotherhoods in Indiana, thinks that six or eight months ago a number of railroad workers would have been available to build airplanes or ships. ut there is more work now and prospects are good for some time. So he thinks the defense officials came along too late (ith their props tion. Keeping repaired nowBSS as many Locomotives trains run a number of in the state to larger and

smaller have been fore efficient It may be shops cot ad workers who time yet. But very number of men, near Indiana's share of

workers.

ne of the smaller some of their working full wouldn't be a nowhere 100.000

large

= ODDS AXD ENDS: derwriters. from now sure against capture Britain or her allies any cargo in; which any person on the American “black list” an interest. ... cause Government made deliveries practically impossible, the Commodity Exchange in| New York has Suspeied indefinitely trading in copper futures. . speed production, 60 por cent of the new Martin bomber is being} made by sub-contr tors, Chrysler, Hudson and Goodyvear. Linkeit reports it is ARS | “Fricton Fighter” roller Eis by the thousands at its Dodge gn here for the airplane industr

= = Marine unon, won't in-

or seizure by

has

rationin Q

and Convenient

[t's a simple matter 4 ask us for monev

buy or build a home

Your request costs you nothing to make Si experienced men hel! you to present your application.

If you like to cut red tape, and are thriftyminded, you are especially apt to like our service. Why not make a : our office your firct stop for a home loan?

HOME LOANS QUALITY

Kale AT 1" 4

But they contend that if their machinelectricians and builders are taken away, it is liable to create a bottleneck in transportation later on.

of the] (Big Four) at the]

prometed |

workers are needed to build

OPM BACKS UP AUTO INDUSTRY

‘Henderson's 50 Per Cent Cut Will Not Be Invoked ‘immediately.’

WASHINGTON, July 24 (U. P). —The office of Production Management has assured the automo- { bile industry that it will not have to cut 1942 model production 50 per cent beginning Aug. 1, as tentatively scheduled by Price Administrator Leon Henderson, it was learned today. Assurances that drastic cuts would not be invoked were conveyed to the passenger car industry’s advisory committee at a meeting yesterday attended by

1941-42 (!8 BIL.)

1940-41 (6.5 BIL.)

Advisory Committee. year ending June 30.

dollars.

07 //)

1942-43 (24 BIL.)

Congress has allocated about 41 billion dollars for national defense and Lend-Lease operations and requests now pending will run this to about 45 billion dollars, according to a compilation by the Retailers’ About 6!5 billion dollars was spent in the fiscal In the next year about 18 billion dollars will be spent and the third year will see an expenditure of about 24 billion

Governor Murray D. Van Waggoner of Michigan, who protested any drastic curtailment of auto output because of its effect on employment. The manufacturers were told that raw materials scheduled for delivery during August and September would be available to prevent widespread unemployment of automobile workers, officials said.

Other Products Affected

The original OPM 20 per cent cut will be effected, it was said, but Mr. Henderson's ‘entative plan calling for a 50 per cent reduction for all consumer durable goods

PRIGES ON HOGS

FALL 30 CENTS

Shippers Seeking a Larger

Reduction; Top Is

$11.70 Here.

HOG PRICE RANGE

Top Receipts

industries will not be invoked immediately. Cuts above 20 per cent in all industries will be worked out through conferences to be held] with the OPM. Similarly, OPM officials said that cuts ranging from 30 to 50 per cent] in the production of mechanical refrigerators, household laundry | equipment, air conditioning, heating {and cooking equipment, metal fur{niture and miscellaneous appliances, ‘as proposed by Mr. Henderson, { would not be invoked beginning in | August.

Henderson Non-Committal

Mr. Henderson told the United |Press that he had conferred today {with OPM Director William S. Knudsen about the cut. But when he was asked about their differences of opinion regarding reduction of {output in dursble goods industries {he replied: “No comment.” OPM and OPACS officials said they both have submitted plans to the White House to eliminate “overlapping” authority of the agencies. Mr. Roosevelt is expected to establish clearly the extent to which defense production will be given priority over civilian needs. Legal experts said priorities powers given him by the recently enacted Vinson bill are sufficient for enforcement of any curtailment program he may adopt.

HOT WEATHER AIDS WHEAT PRICE RISE

CHICAGO, July 24 (U. P).— Wheat futures worked higher on the Chicago Board of Trade today after a quiet and rather colorless start. At the end of the first hour wheat was 3% to 3% cent a bushel higher with September at $1.05%5%. Corn was up 4 to 1: cent. 3: to !2 cent higher. Rye up 1 to 11% cents. Soy beans were 1: to 1 cent higher. Talk of improvement

in the threat of hot weather in the spring wheat area influenced sentiment sufficiently to bring about an upward movement.

LOCAL ISSUES

unit of National Association of Securities

Dealers. Stocks Bid. Agents Finance Co Ind com... 9% Agents Finance Co Inc pid... 3%

1t s Central Ind Pow 77% pfd Circle Theater com Comwlith Loan 5% bofd { Hook Drug Co com | Home T&T Ft Wayne 7% vfd. ah

i Ind Asso Tel Co $5 p ind J & Mich Elec jo s om

Indpls P&L 5% % pid Indpls P&L co Indpls Water 5¢% pfd Indpls Water Class A com. Lincoln Loan Co 5%% pfd. ... Lincoln Nat Life Ins com. ie 3 Ind Pub Serv 5'2%. pfd.. N Ind Pub Serv 6% pid N Ind Pub Serv 77 pfd Progress Laundry

Union Title Co om Van Camp Milk pfd Van Camp Mik com . Bonas

Algers. Wins’'w W RR 4%s ...1 AMErIoAn Loan 5s American Loan 5s Cent Newspa 4 415s 42-51. Ch of Com eg 2 a 61. Citizens hd " sol Fin § 30. . Grado. Reyholds. Taylor 5s 4 ome T & T Wayne bas. ‘10d &' are 5.4 > soc Te!

ol Pub Tel Co_4lzs 8 1% Richmond Water Fopié 5s 57.100 ¢ Term Corp 70 xo dividend.

U. S. STATEMENT

WASHINGTON, July 24 (U., P.).—Government expenses and receipts for the current fiscal year through July 22, compared with a_ year yee: hy wast Year

$1, “HE 095. 446.

Expenses. . = 59,613.

Receipts. Gross Def. Net Dei . Cash Work. | Pub, Debt. | Gold Res. 22.862, 139.981 Customs. . 26,242

| July | July | July July July July July July

Oats | Good—

wheat storage situation locally and|C?

Nominal! quotations furnished by local|Goo

b Good and Choice—

5,000 6,500 5,000 2,000 6,000 6,500 1.50 8,000

cessarrscsassnsed $12.00 12.00 11.90 11.80 12.00 11.90 12.00 11.70

16 17 tiiiecetsnennnnnens 18 19 toivenesrnnnencenns 2A 22 23 2

SesrnsanterrrR ta cetactestrrater ane srsanatesstrstecen crear sescssnenaneee

cect essrsttenaen an

Local packers obtained price re-

ductions of 30 cents per hundred p pounds on hogs bought at the Indianapolis Agriculture Marketing Service reported.

stockyards today, the

Shipper bids were even lower on

butchers weighing more than 240 pounds. choice 200 to 210-pounders. were around 25 cents lower.

The early top was $11.70 on Sows

Most of the small supply of steers

and heifers were sold at unchanged

prices. e and unchanged in price.

Vealers were fairly active

HOGS

pounds pounds pounds pounds pounds pounds pounds pounds pounds pounds

fk fk kh fh ph fk ft pt C5 CD ht pot ft ot pt ft 1 AS Tre NNNSS 0 ht Un Ty wT =I DIU OF

vocoooooumu

330- 360 Medium — 160- 200 pounds Packing Sows

Good and Choice— 270- 300 pounds .. 200- 330 pounds 330- 360 pounds

pounds pounds pounds Medium— 250- 500 pounds Slaughter Pigs Mediui and Te

20 po CATTLE

Slaughter Cattle & Vealers (Receints, 600) Steers

Cholce— 750- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds

DEER NE ves sateaanann

Lessssansen.

GP agagad Swi

750- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Medium— 750-1100 pohnds . 1100-1300 pounds ....

aso OSD

wr own

mmon— 750-1100 pounds Steers, Heifers

Cholice—

. [email protected] [email protected]

30000d— 500- 700 pounds

750 pounds

Heifers

Cholce— 750- 900 pounds

[email protected] [email protected] [email protected]

[email protected]

750- 900 pounds edium— 500- 900 pounds

Com 500- 900 pounds .

9.00 23

Medium Cutter and common ....tee.ns Canner

Bu! (Yearlings excluded)

cevreeptanin

Megtam . Cutter and common ..

Vealers Good and choice

» | Common and medium ull

Feeder and Stocker Cattle (Receipts, 100) Steers

[email protected] veesseninae.s [email protected]

[email protected] [email protected]

2.00@ 9.78 1.75@ 8.00

Tests canr an

Cho! 300 $00 pounds -1050 pounds

od 00- 800 po 800-1050 oun Medium— Ce pounds 500- 900 pounds

S cetencctnsen. “resect nnen,

“este et arene

Tessin

Calves (steers)

shea [email protected] [email protected]

pounds down um-— 500 pounds down Calves (heifers)

5b Good and Chol

CO (ounds doWn....iueene es [email protected] pounds down £[email protected] SHEEP, LAMBS (Receipts, 1000)

Lambs (spring)

Good and choice Medium and good

Ewes (shorn)

Good and choice ........eeee

d ¢h 3.25 Common and medium ........

2.25

Apo FEARING.

Se WL

Railroad Gets

TRENTON, N. J., July 24 (U. P). —Under the new railroad tax program, it was disclosed today, the Lehigh Valley Railroad system in New Jersey will have to pay $4,224,58790 in delinquent taxes during the next five years but will be absolved of $2,256,008.14 in accumulated interest and penalties. The yesterday when Governor Charles Edison, with whose approval the Legislature enacted the program despite the opposition of Mayor Frank Hague of Jersey City, signed the four measures incorporating it. The program calls for payment without interest or penalty of $34,000,000 in back taxes and revises the tax structure to take into account the ability of the railroads to ay. Henceforth railroads will pay a

worth of property in the state and an additional franchise tax each

the previous year.

for the payment of back taxes in annual ranging from two to 20 years, depending on the carriers’ ability to pay. In the case of the Lehigh Valley, the period was set at five years.

POWER & LIGHT NET ALMOST UNGHANGED

Indianapolis Power & Light Co. reported today that its profit in the past three months was almost the same as it was in the same three months of last year. Its income was higher but its expenses mounted also.

Consolidated net income, including its subsidiaries, Mooresville Public Service Co. and Electric Building Co., Inc, was $474,824 in the three months ending June 30. This compares with $473,617 in the similar three months of 1940. For the 12 months ended June 30, consolidated net income was $3,037,707 compared with $2,335,260 for the 12 months ended June 30 last year. However, the report showed that $695,000 of this year’s increase in net income was due to Federal income tax deductions obtained because of the company’s refinancing of its funded debt last year. Revenues obtained from sale of electricity, water, steam and from rents in the Electric Building were $3,259,969 for ‘the past three months, compared with $2,966,898 in the second quarter last year. For the 12month period operating revenues were $13564,454 compared with 812371919 in the 12 months ended June 30, 1940. Operating expenses and taxes, exclusive of Federal income taxes, also were higher, the report showed. Operating expenses and taxes for the past three months were $2,122 - 298 compared with $1,888913 in the similar three months of last year. For the past 12 months they were 1188411018 compared with $7.717,174 for the 12 months ended June 30, 1940.

:s{ CHICAGO LIVESTOCK

Hogs— Receipts, 11,000; slow, opened 10 to 15 cents lower: later trade 15 to mostly 25 cents lower: bulk 180-240 lbs. $11.40@ 1.6 0: Tr 30 yor, $11.90 (nd $115: @11.5 o avera Sse, $ oP 1.75: mest, 2h -270 1bs., $11 $10.65@ bik 350-500-1b. 9.25@ 10: enter Nelghts, Slo 15@ Sheep—Receints itu) slow: early sales and bid

10s 0.50,

few 2. R30 ay? poli native springers, ar $5 1 steady: holding few Strictly choice lots slightly ~ higher: throwouts, $9.50 : strong weights est lightweight spot ewes. $5:

$ Bk fieht. suppl u ght s Cattle—Receipts, 6000: calves, 700: twowav market on fed steers a yearlings; yearling Ad Searline type light steer about steady, but all medium weight an steers fully 25 cents lower: in- : top, $12.65 on but choice _835-1b. largely $11.25@ grassy

weighty stances 40 cents o dium weight steers, heifer sold up to $12.75: 12.25 fed steer and heifer trade: and warmed up steers and heifers scarce: canner and cut shade lower: aa cows steady, glean: un ma on bulls, ctical Yop a sau T 9, 3.25: very Nkht ane to sell well un bt $8: vealer opene strong, but acute scaroity forced _¢ Holes offerings to $13.50, 50 cents higher

wagon WHEAT he clo the Chicago market today hy 3 OT alll elevators paid 88c per bushel for No. red w! he t ner erades on their merits)

T0c per bushel 3 shelled new foe ns corn: white shelled corn 75¢; N.

2 white ons. 33c. n Everything Diamonds, Watches, Musical Instruments, Cameras, Clothing, Shotguns, Ete.

JEWELRY CO, Ine.

COS il

EF The GHIGAGO

4 Million Tax Bill ;

new program became law

year based on their earnings during g The new laws provide a formula |x

installments over periods|&h

nd erain No. 2

Stores Sugar ... Suear pf.. & Tod Tobiego’ “ B..«

ft 5a wT a3 1) ek ok D1 O15 03 wT NBS +t i #4 CO = « Seng aint = by ay Nw om wa a

Ben

Armour Ill pr p Armstrong Ck Artloom Asso Dry Gi Atchison Atchisan pt

Bald Loco ct.. Balt & Ohio .. Balt & Qnig PE Bangor

3308 Black = “Decks 2912 Blaw Knox ... 8: 8 Boeing Air Ami B

] 1 Borg Warner .. 13% Bower R B .... 313 Bdgpt Brass ...

urlington M. 9 3urigtn M cv of 55

Butte Con Byers. 4 Me, 2 Byer

Calumet & H.. Canada DIS. san Sopa

t 15 43% Cas 0 Caterpillar T..

Celanese 2512 Celanese pr pf 119 otex 93%

3 per cent tax on their $370,000,000 gS

Cent Aguirre.. 173 Cent Foundry.. 3th Cent Viol Sug.. 93%:

Cri Mail Oder. Chi Pneu T_.... Chickasha eC...

Dra bt 03 CO iu pest CT) 44 BI OO =F 10 UY bt “

aaa

Cleve El Ilm nt’ 11 Climax Moly Co 39! Cluett Peab .... 33 Colette P-P (ioe Col & Aik Col Fuel & Ir. Col

ol & pf. Col Broadcast A Colum Gas .... Col Pictures ... Com Credit .... Com Iny Tr ... Com Solvents .. Comwlth & So Comwlth & S pf Comwlth Edison Cong-Nairn .... 15 Alreratt- “ Cig ‘e Cig 2 Copperm | Edison Edison Ls 1013 Film 95; Laun Nes:

1 3 1

Cons Cons Cons Cons Cons Cons Cons

ons Container Cont Bak pf .

Ci Del. . Copweld Steel . Corn Prod

Crane Co cv B 9 Crosley Cor : Crown Cork ... Crown Zeller ... Crown 2¢ier pf Curcible St .... 44 Crucible 5 “ies Cuba RR “ei Cub-Am Sug .. Cudahy a“ Cuneo Press ... Curtis Pub .. Curt Pub pr of. Curtiss-Wr oe Curtiss-Wr A .. Cutler-Ham ...

Deere & Co .. Deere pf Deisel G Del & Hud D Lac & W D&RGW pf Det Edison vy & R A

pf a

g Doehler D Cast Dome Mines .. Douglas Aire . 744% Dunhill Bla DuPont sesati DuPont pf ..126

East Air anes: 3% East R il . East Kodak C138 Edison Bros . Elec Auto-L

El Pas Nal Gas Ene Iu S 6 pt .

Eng P S 6 Equit Bldg .... Erie Erie 1 pf Eureka Vac

Evans Prod Ex-cell-o

e Sto 293% Follansbes St pf 31

High (1941), 20.63; Low, 16.82. High (1940), 26.45; Low, 18.03.

Food Mach pf Foster Wheel .. 1 Foster Whi pt: 130 Francisco Sug . 41 Freept SUPE sere '8 . Gair Robt ..... Gamewell Co .. ?| Gar Wood Ind. ie Gar Wd Ind pls Gaylord Cont . Ge m I

BI CO od ms New

2% ny 4%

Gen Gen Gen Gen Gen Gen Gen Gen Gen Gen Pr

st STAND ht BSN BCD Prt CIGD bh bpd pk Si o. = 5 po :

[= SAND rt bt BS CNC Drs COLI bb pb pb ps

wT NOt pt fin CO CO bt —

-3

Vii 2334 765%

13% 13

PONS -an 8 ND 833

ww ar ~~

bt oJ 2 aa

eg abot Wee bt CF pit ht GQ JOS = DIO Ce A ds SNS NBR ee

+|Graham-Paige. Granby Grand Un xcts

g.. Greyhound Cb Grumman Air BE Sug. . sug pf.. obile & O M & O pof.. 2

Hudson Motor .. Hupp Motor ...

21 Centra] . Paes Ill Cent pf Indian

Inspiratn Cop . 12% Insshs cts Md.. 63 Interchem Intercon Rub .. 5% Interlake Ir .... 9% t Business M 1577 ; Harv pf . 116534

In : Intertype

a IN aon ®t

Jarvis Co ...... 1034 Johns-Man 67 Jones & T 7 pf. 108%

* Pa

Kalamazoo S&F 10

n C Sou Rothe Al- 0 pf. 11712 Kelsey-Hayes A i6 Kelsev-Hayes Kendall pf

out + Sp a

BS hl did Rl |

FS Hl LHR RE

a BO pt CDCI It COP CIN od ft Waa aa ’ wt

bt et BG et COLD CD pee

re BS gre INS Skl l EEL

Long Bell A.

Lorillard 8 Lou & Nash .

pt Det 00 CS

{rE Err ll IHL EE

| — i oo

ht COB CIRLIBI UN

Arh lel:

ont Ward or & Ess . Motor Prod Motor Whi .... Mueller Br ... Mullins Mfg Bee Mullins pf .

22 SERRE ERRA:

Nesh- Kelv .. la gis

Oo on b Ave Fib pf 8 Aviation .. 5 Biscuit .... , Can ihe Cash Reg . Cyl Gas ... Dairy Distillers ct

13s Habit ID 1 de BITS GY

re IE ot WBWRBRD

126

26%

Sup Penn Nat Sup 5% pf.. Nat Tea

Newberry 39! Newport Ind ... 9% Newpt News Sh. 257% Newpt N Sh pt: 113% N Y Air Brk ... 40 : 13%

N Y Central . NY C & StL p NYC Omnibus 171 H&H 4

acific T% Nortmwst- Alrins te

Norwal

Ohio Oil

8 Outboard Mar. 19% Owens Ill Gl.. 47

Net Low Last Change

105 17% 130

NAT BB RNRN BR

tC tf bt BD TT C3 00 iin ln et J I sn J TIBI CI td 008 Ne NT

rd Car RE a

10% 87 107%

10 111. 18

NNT a WEED ER

Pr a> tyre

——

ob J

LAN DION ~I =I DO YI +400 UN =JbI = ICI LI WW

pba

bt Cy pt

CGD

~ Af BT NNNTEONY

ot pt DT DD bt CJ fk fot

—

ft I Dd WRENN ANT Ee

Pt CY ht fn bt BD OD TT CI OD on Ba bet J IY fT TT DIS

AG Nn opt me

ot pn NON

— toa at 0 Bt ee 3 03 OF

-3 a #

853

Oh OF C3. GB NENTRR Bw ES

dD © mW

I BBD rand Wha bb CIBD CIR CIBIIDD DI = “

FN LE

~TCD DLT TNE OD Vet. he - i ”

NTR

Peoples Gas .. Pere Marquette.

Pere Pere Mat Ry pi: Pet Corp Phelps Dodge .. Phila 0 6 pie Philco Corp 0's Phil Morr pt 109 TY «4. 45% 4 38%

814 121% 6%

35's

Pitts Coke Iron Pitts Forgings. . Pitts 'Sc&B Pittston Plymouth Qil .. Pond Crk Poca. Postal Tel pf ..

Pullman ... Pure Oil Pure Oil 5 pf.. Pure Oil 6 pf.. Purity Bak .... 11%2

Rayonier pf ... Reading Reading 1 pf. m nd

Richfield Oil ... Rustless T&St1. . Rutland of ..

Safeway

«| St Jos Lead..

Arms “ Air

Seabd

| Seabd Oil .

rnd E+ Hl +

1, Un Gas Imp...

Se CAIRN ER NE

Seagrave o Sears Roebuck. Servel Inc

— ot

. . .

ocony- -Vacuum o Am Gold. o Por R Sug. oeast Grevh L 30 Cal Ed

—- ~~

= oa

CID pt bk DD po rk pb fod DID CI eb pet 3 CI Be . pa

ctr £4 4); a

Oren G3

FC)

@ od dca

Dobe bn c0d ENN ESE aa aia ea

~eTN CW

un Ae Min. uperior Oil

ym-Gould xw.

Talcows J bf.. Ci

DW ed SARA RD Dee

Twin Coach

Dod nT Fish. &P

URited Corn, .. United Cp bpf.. United Drug .. Nn E & Fdy United Fruit

1 Be DB Pps 3 Ie

— tt In Deg Hh rt bt 03 00 OO Rk mT £3 BINNS Dy BND > a

WF ST DO LIS

NW; BPR a

—

— WWD PI on =~

Un Stores pf ... 50 Univ Cyclps Stl. 14% ya 3%

Vadsco Sales 8 d : 262 26%

3a 43'% 8 pt..11 aia 1170 Va I C&C p 20 ws Pf Wabash pf A... 5% Walgreen, 19%, &W 207 Walk HOW pf 141g Walworth 59

= >

Fa mm a

8 Ce BD

West Md 2 pf... West Union .... West Air Bke.. Westing Bl .... Weston El ls Wh & Lk B.... Wheel Steel ...

Wilson & Co. Wilson pf .. Woodward Iron. Woolworth Worthington ... Worthing pr pf.

points in Internatiomal Harvester preferred. For a time the airline

% land sugar shares were bid up bus

they encountered profit-taking in the early afternoon. Wright Aere ran up two points to a new high at 122 and then fell three points. Before the decline, new highs were made in the sugars by American, Cuban-American, Francisco, Central Voileta and Manati. Leading issues moved in a narrow range with trading light in most instances, Up to noon, the industrials and rails had small gains in the averages while the utilities had a small decline. Later the declines

: were increased in number.

Big Brokerage Firms May Merge

NEW YORK, July 24 (U. P.).— Merger of Merrill Lynch, E. A. Pierce & Cassatt and Fenner &s Beane, two of the largest brokerage houses in the country, is being discussed by officials of the two firms, it was learned in authoritative quarters today. Merrill Lynch now has 52 ofe fices, 34 general partners and 10

2|special partners while Fenner &s

Beane has 53 offices, 17 general partners and 11 special partners. The two firms between them do more business on the New York Stock Exchange than any other organization and in addition carry on a large commodity business.

PATHE AND DU PONT NEGOTIATING SALE

NEW YORK, July 24 (U. P.).—= Pathe Film Corp. is negotiating the sale of its holdings of du. Pont Film Manufacturing Corp. to E. I, du Pont de Nemours & Co. for du Pont company stock, Kenneth M, Young, president of Pathe, ane nounced today. Negotiations for the transaction have been in progress for some time but have been more active ree cently because of taxes and other considerations, Mr. Young said. Du Pont Film Manufacturing Corp. is at present jointly owned by Pathe Film Corp. and the du Pont company.

DAILY PRICE INDEX

NEW YORK, June 24 (U. P.). — Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-33

+laverage equals 100):

Yosorday ...eveecieeesvveses 14030 WeBR AZO 1vivvsvvessssenedes 139.08 MOMMY AZO 'vuisivevvrvoneaes. 139.84 YOGA ASD ..vvvirovevrnovines H349 1941 High (July 22) ...ee0... 140.83 1941 Low (Feb. 17) .......... 123.03

LOCAL PRODUCE

Heavy breed Solored hens, !7¢; No. 3% colored hens, ; Leghorn hens, 12¢; No. 2 Leghorn Bens, . springers, Barred and White Rock, 2 lbs. and over, 17c; springers, Barred and White Rock, Que; Lenin springers, 2 lbs. and over, 15¢; No. 2 Leghorn springers, 2 ibs. and over, 12¢; cocks, 10c. Eggrs—22@2215¢ Butter-—No. i 362@37c; No 3 3512¢. Butterfat—No. 35¢c (Farm pickup prices anoles My the ley Co.)

Net High Low Last Change 122 119 119 ~~ 1 r=

Wright Aero ...

Yale & T ...... Yellow Tr ...... Young S&W ... Young Sheet ...

$i, 38%

a1 ‘ee Mh... 109 %

% 44

Ee eS a a Cp LE Lo NOTICE TO BRIDGE CONTRACTORS Notice is hereby given that sealed proe osals for the construction of the followe ng bridges will be received by the Chaire man of the State Highway Comission at

31%

Zenith Rad 11% U4 Zon 13% 1%

8 | his office in Indianapolis until 10:

Central Standard Time on August §, 1941 when Sal proposals will be publicly opened an VANDERBURGH COUNTY — Structures on State Road 57, Structure 07-A-3443, 3 40° R. C. Girder, over

ture 57-A-3444, 1@30’ Girder, over Little Blue Grass Creek, 7.9 Structure Continuous R. ; Blue Grass Creek, 9.7 miles Northeast of Evansville. Plans and proposals may be examined at the office of the Commission, in Ine dianapolis. STATE HIGHWAY COMMISSION OF INDIANA, NA MES D. ADAMS, Chairman.

Guaranteed

WATCH REPAIRING DONE BY EXPERTS

H. H. Mayer, Inc. JEWELERS 2 WW oh

BUSINESS EDUCATION

Strong Accounting, Bookkeeping, Stenographic and Secretarial courses. Day and evening sessions. Lincoln 8337. Fred W, Case, principal.

Central Business College

Architects and Builders Buildin Pennsylvania & Vermont Sts, indpls.

WASH SLACKS

Plain or Pleated Sanforized Fabries

$1.50 & $2.96 Leon Tailoring

1st Block Mass, Ave.

Member

Nearly

Dependable Trust Service Since 1893 Your Inquiry Is Invited

CRI

HALF A CENTURY OF FIDUCIARY SERVICE

Long experience in matters of probate, estate management, corporate trusts, and all other types of fiduciary work has well qualified The Union Trust Company of Indianapolis to render comprehensive fiduciary service.

tion

OLD in YEARS ... MODERN in METHODS

The UNION TRUST COMPANY

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

«=Ask to See the “Clifford” WATCH at BASIEST TERMS

12%

129 W. Wash, GUARANTEED

Hi V4 710%

AT OUR USUAL LOW PRICES

STORE OE Theater Is Opposite Us

Tai

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SAY IT WITH FLOWERS

From

Allied Florist Association of Indiana

Lux Laundry for Better Service

Phone BR-43561

WASHINGTON PARK MAUSOLEUM

Washington Park Cemetery For Information