Indianapolis Times, Indianapolis, Marion County, 5 August 1941 — Page 8

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PAGE 8

LIGHTER HOGS

FALL 25 CENTS|™

Top Recedes to $11.5 Here; Spring Lamb Prices Up 25 Cents.

HOG PRICE RANGE Top 33 63 95

July 2 . July 28 July July July Aung. Aug. Aug. Aug.

Hogs weighin

day, the Service reported.

Those weighing between 190 and 250 pounds were unevenly 5 to 20 Aral M cents lower while heavier butchers | Am Ship and most sows were unchanged from i Smelt 7 of 152%

Yesterday's prices. Today's top was $1155 for good to choice 200 to 210-pounders. Good and better grade veariings and heifers were about steady while lower grades were weak. Cows and bulls were little changed in price. Calves were generzlly steady. Spring lambs were strong to 25 cents higher,

pounds .... pounds pounds pounds

ow a ye 3

8 SHBBYBm

2 >

on PHD OHE

65 60

3 C5 fap ha C

Bf fh fk ft fot ot pt SHH HED

pounds

- 200 pounds Packing Sows

pt <> OO OO bt pt fot pout

bt >

330 360

pounds pounds

83 S90

400- 4350 450- 500 Medium — 230- 500 pounds . Slaughter Medium znd Good— ¢0- 120 pounds

CATTLE Slanghter Cattle & Vealers (Receipts, 2600)

woe 555

by = HDD PID fara hy DU Svan

g ® ow p

Pigs [email protected]

Choice— 750- 200 pounds 800-1100 pounds 1100-1300 pounds 500 pounds

pn R85 G11

BHD DANND

TEN non

1100-1300 pounds 730-11 pounds Common—

fk ot fot fot Sbhubton” surjut IFAS

235 Bas Lash NOU Wa

0999 OHHH

NOS oO

Steers, Heifers Ceara LLL 12.00212.50 . [email protected]

Choice— 300- 750 pounds

Good— 500- 750 pounds Heifers

Choice— 750- 900 POUNES ....ne. ceeees 11.8@125

Good— 750- 900 pounds ..viasessenss [email protected] Medium — 500- 900 pounds ... Common— 500- 900 pounds

cevsensnan

Medium “eehiat Cutter and common...... “ebii Canner

{(Yearlings excluded)

“am 0 Son nN 8333 or

Vealers Good and choice .........

AOD

<0 2338

Feeder and Stocker Cattle (Receipts, 700) Cholce— 590- 800 pounds 800-1050 pounds Good

500- 800 POUNGS ....eeeevesn. 800-1050 pounds .......

211 1.0 [email protected] [email protected] 8.75@ $.50

7.50@ 9.00

Common— 500- 200 pounds . Calves (steers) Good and choice— 300 pounds down Medium — 500 pounds down

Calves (heiefrs)

Good and choice—

500 pounds dOWR ...ieeve.ane [email protected] ediu

500 pounds down [email protected] SHEEP. LAMBS (Receipts, 1300) Lambs (spring) and choice sod

Good Medium and ¢ Cemmon .....

seen ve

“ates veresss 10.50912.50 [email protected]

Ewes (shorn)

Good and choice Common and medium

CHICAGO LIVESTOC

Hogs—Receipts, 10,000: weights 230 Ibs up and sows generally steady to strong: lighter weights steady to 10 cents lower: extreme top, $11.70; few loads, $11.65; bulk 3180-240 Ibs. $11.35@ 11.60: most 240-270-1b. butchers, $1090@ 11.45; 270-320-lb. averages generally $10.75@11; bulk 350-500-10. sows. $9354 10.15, with lighter weights, 810.204 10.50 Catitle—Receipts, 700(; ca.ves, 800; striciIv beef run; steers and heifers predominating: killing quality mostly good choice; vearlings strong and all medium weights 2nd weighty steers steady despite reecipis that exceeded expectations: common and medium grades strong getting competition from both Killers and feeder dealers; largely [email protected] steer trade with rassy and short fed kinds, [email protected]; weighty Kansas as well as Wisconsin grass Steers up to $10.50: very common Kinds around $8; sizable supply vearlings ar Jight steers, $12@ 12.30; top, $12.75 pad f jight and medium weight. also for 833-1b. heifers; medium to good heifers. 12 10 25 cents lower; cows scarce. 87 down: bulls strong to 15 cents higher: weighty sausage offerings rather freelv up ts fo: vealers steady at $12.50 down. Sheep eceipts, 3000: spring lambs opening fully steady with yesterday or around 23 cents higher than last week's close: four doubles handy weight Washingtons. $11.65; fresh natives, $1140: bulk and choice lof $11.25 up; dry fed

arlings, $9.50; few odd native ewes, $4.50 down. Ei

OTHER LIVESTOCK

. WAYNE Aug. 5 (U. P.).—Hogs— arket 10 to 25 cents lower: 200-200 lbs. 40: 180-200 lbs. $11.30: 160

2 160-130 220-240 Ibs. 230-260 -280

(HAT Dealers RITTHTHL

FIRE-CASUALTY AUTOMORILE INLAND MARINE INSURANCE

r Careful Property Owners

at Substantial Saving:

Wa. 2456

Gre et

N.Y. STOCKS

Receipts | Allied Stores of 83's 5.500 | Alis Chal Lee. 29)

5,372;

Am riin 5.627 Am Bank Note 4000 Am Cable & R.

5.000 3 1,060] Am

less than 190/4m pounds were generally 25 cents lower | x at the Indianapolis stockyards to- AR Agriculture Marketing in E

steers. |

BRIN ¢ DABBNERS

! Co { Co

’{ Crane Co Wh

to | Di

steady. cutters |

s.. | Eureka | Ex-cell-o 1 Erie wi ..{ Erie ct

High Low 1 a fy {Abbott Lab .... 34% | Abbott Lab pf..120 {Ab . 41% Adams Exp... . 7 Adams-Mil 23% {Air Reduc .... 433% Alaska Juneau 1)

Allied Stores . 2 1% 61 181% 417% 913

irlines

“t La

{Amer Can ; Car & Fdy Colortype . Crys Sug..

wes US 0030500 6D wr on of

ft a Ra FY w a Nol?

ay oof

re: es

6 pr Di Cd rt ON

Yr ar a ~1 aa ano

wt Dw

{Am Rad & S {A Rad & Am Roll e Razor 53 Build 37% Smelt . 43% tores .... Amer Sugar .. Am 1A {A |Am Tob B.... A

Am Am {Am C {Anacon {Anac W& Cabl {AT&T rts wi {Am Viscose . {Am Viscose pf {Armour Ill. . Armour Ill pr Armstrong Ck

. 29 e 34% 134 281% 114 Ti D 6612 .. 287% be]

Atl Refining ... Atlas Corp .... Aviation Corp..

Bald Loco ct {Balt & Ohio ... {Balt & Ohio pf {Bangor & Ar . {Bangor & Ar pf 3 Barber Asphalt Barnsdall Lhe Bath Ir Wks... Bayuk Cig .. Bendix Awvn ... Ben Ind Loan. . Best & Co Beth Steel

Borg Warner ... Boston & Me .. Bower R B ... Bdept Brass .. Briggs Mfg .... Bvn-M T

fg Budd Mfg Burlington Butier Bros .. Butte Cop&Z .. Bvers, A M ... Byers

Cal Packing ... Calumet & H .. Campbell Wy .. Canada Dry .. Canada So Can Pacific .... Cannon Mills .. Case J I pf .... Caterpillar T .. Celanese ....... 28% Celanese pr pf. 119% Cent Aguirre ... 175% Cent Foundry .. 234 Cent Ill Lt pf..111 Cent RR NJ.... ] Cent Viol Sug. Cerro de Pasco. 3 Certain-teed .

Cd pt ps 8

Tt ¢ WED 1 et <1 OH CO 0 D100 SI Ly 00 LL) Sy Gr ga

Fla EF No NS

fr © OF C0 OY ID Ca) pout pst Lo) pi

et UNC

(SL = pr N rr AD

S55 rr oN

Com Solvents. . | Cowlth & So... {Comwith & S p 3 { Comwith Edison g Nairn ... Aircraft .. Cig pf. ... Cop Mines Edison

«3 | pt

ro Ho oa Nw ED ro rr

Son

n n Cons

NON

MNADNNDO OOD WN Le

BLS ret

{ Cons { Cons Con

Cons

Prod pt.. 135 n Pro vo 17 Coty Inter ph. TS Crane Co .... 17 cv pf 101 Cream nt .. Crown Cork .... Crown Cork xw Crown Zeller ... Crown Zeller pf. Crucible St .... §2 Crucible pf .... Cuba RR pf .. Cub Am Sug

Curtiss Wr .... Curtiss Wr A ..

{Davison Chum. {Deere & Co .. { Deere pf [Del & Hud .... iD Lac & W .. {Det Edison Dev & R A ... {Diam T Mot {Dist Seag .... | Dist Seag pfww { Doehler Cast { Dome Mines . | Douglas Aire | Dow Chem { Dresser Mfg .. 2 Duplan of ....10% ( u ont ... 1587 | Du Pont pf S136 » wifes Fast 71 { East nH | East

A Lines .

Mill

1 i | Ba {E P, El St {Eng

| Eng | Erie E

Bat

{ Erie { Erte

a <

pf... vag ...

he | Erie 5 pf A wi

Fair Morse .... Fajardo Sug ... Fed Mot -.e. Fed Wat S A .. Fed Dept. St. Fruehauf Tr pf. ¢ Fid Phen 44

First N Strs.... Flintkote ...... 13 Follansbee Stl Fol'bee S cv pf. Foster Wheel . .. Francisco Sug. . Freept-Sulphur . Fruehauf Tr

Gair Robt

Cable pf .. Cigar pf... Electric

Net Last Change 1 1 % Lg

o— ‘13 Ue

® | Interlake Ir

1s 34 1s “% 1, 1 3s 3 3s 3s 3%

30 INDUSTRIALS

Month Age Year Ago High, 194%, High, 1940, 20 RAILROADS Yesterday Week Ago ....... Sehsiuienes Month Ago Year Ago High, 1941, High, 1910.

30.88; low, 26.54. 32.6%; low, 22.14.

, 20.65: low, 16.82. 26.43: low, 18.03.

. .. 129.19 erihussebienianas 127.64

133.59; low, 115.30. 152.80; low, 111.84.

—0.04 —0.87 +148 —1.1%

Hieh Low Gt Nor Ore 17% Nor pi

Harb-Walk :-. 20 Harb-Waik pf Haves Mfg ... Herc Pdr Hershev Shah Hershey nf ... Holly Sug

3 Hudson Motor..

I Central .

ngersoll nland St . nterchem bpf..1

Ae pr of . Harvester .

{In r ‘h {Island Cr Coal 33

| Jarvis Co (Jewel Tea Le Johns Man pf Jones h .. 264 Jones Igh 5 p A 64 Jones igh 5 p B 84 Kalamazoo S&F 93 1

Kan C Sou pf.. Kelsey Haves A. Kennecott .. Keystone Stl ... Kresge SS Kress . wre. 28 Kroger G&B ...

Laclede G

pt pf pt a LA

ANDY

L-O-F Glass .. Libby McN&L ..

pd dG

CI O0 OT CINCO IND he pt pt £9 ED 51 FENN oa a

4 05 00

ige Lig Carb Lecckhd Aircraft Loew's seblil

Ly “1S

bt oo of -

nN pr =

Lou & Nash ...

= Mack Tr

Macy RH .. Madison Sa

G..

Martin (Glenn). 29

, | Martin Parry ..

Mathieson Mav DS .. Maytag gehen Mavtag 1 pf .. McCrory McGraw El

12 | McGraw Hill .

pt pt 00) 1B CO [a iain | a Gy par N00 eT ore

on pap + OF A ONT A 00 R A ya aw No

RBI158% Wy CDC en CA ND Ld pst pt Cad phn CIV TY lp GF NOD HNN - o>

5 | Ctis

de EE EEEEEE

poly =

+: +

FEE Ex

Pik IE

Se PS

0D a OF CI .

EVE irl;

RON AU AWA AN

den kd

Mcintyre Porc.. McKes & Rob.. McLellan St ... Mead corp pi.. Melville Sh .... Mesta Mach ...

Mission Corp .. Mo-KE Tex ..... Mo-K Tex pf .. Monsanto obs Monsanto pf B 1

0 20 Mont Ward 4

Mullins pf .

Nash Kelv Nat Acme .... Aviation .. Biscuit .... Can Corp .. Cyl Gas ... Dairy Dept St ... Distillers ..

Newport Ind ... Newpt News Sh 267: Newph N S pf 114 NY Centra |...

+1. 8 o St Pwr pf..1

Northw-Airlines 2

Chio Oil Omnibus Elev . Otis Steel .... Otis Stl cv 1 pf Owens Ill Glass

1614 73

is 57 46'2

Pac Am PFish.. Pac Coast... Pac Coast 1 pf Pac Coast 2 of Pac Finance...

bt 1D

fo ID pk Cpt Pek ot ft CO CD et 1. Cad et CD ln LI LO OB IN Jl

Patino Mines. . Penney oy Penn Coal & C enn D rn. Penn B C of A

Phillips Jns Phillips Pet Pitts C & 1

. 32Y Richfield Oil . re Rustless I&St. 13% Rstlss I&St pf 46

Safeway 5 pf .1101% St Jos Lead.. 37 t I, SoWpf... 5% Savage Arms . 207 Schenley Dist. 14%;

Schenley Dispf 8712 Scott Pa

Simonds Pet ... Smith A O .... Socony-Vacuum. So Am Gold .

So South South Ry

- . . .

Es open ow 1%

Pac South RY.

Last 17% 27%

143 35%

a. pa

0) ID het pt 9 1) bt O08 OO Nr w a aE a

o> oF NNT aN

aT pp OF 00 Ne 08

15 12 4 1s 38 8

- 8 — } 1s

3 3% lo 3% Ya s 15

* I Timk-D Ax ... gs! Timken R B

“14 {United Corp ik

ls 1s

pp on »

pp. Shee 0

Fb | ld od

— -

8 . LD pap

vei Gib Ea

» road brotherhoods

. small gain with

slat 29%,

“ HOOSIERS OPPOSE

. traffic director, : by Rep. Charles A. Halleck (R. Ind.).

? |ber,

. land the Ohio Valley Transportation

s ment,” Mr. Hollopeter said. “Foreign | : trade and other defense activities]

PRICES FOR WHEAT

* to prevail, this section very clearly

s | posed project as

: actually be a deterrent to speedy

* skilled labor ahd essential materials , from the preparedness program.”

. |Sterl Prod .....

RAIL SHARES DIP ON WAGE NEWS

Market Turns Lower After Earlier Steadiness at New York,

NEW YORK, Aug. 5 (U. P)— Weakness in rail shares on news that railway management had rejected wage demands of the railunsettled the |stock market in afternoon dealings {today after earlier steadiness. Southern Railway preferred sold off 1% points to 297%, Santa Fe dropped a major Iraction and Southern Pacific replaced an early 1, point loss at 133%. U. S. Steel eased to 58!s, off 3%. after selling at 587, and Bethlehem gave up part of a 2 point rise to 75. Chrysler touched 58%, up 14, and then lost about half its gain, while General Motors at 391%, up i, held half of an earlier rise. Aviation issues, which met early support, weakened. Douglas sold {off a full point to 7334, and Lockheed, which equaled its 1941 high slumped to 283%.

ST. LAWRENGE PLAN

Times Special WASHINGTON, D. C, Aug. 5— Three Indiana business organizations are opposed to the proposed St. Lawrence Seaway project because they believe it would divert skilled labor and essential materials from the defense program. This view was contained in testimony of Herschel A. Hollopeter, Indiana State Chamber of Commerce submitted to the House of Representatives’ Rivers and Harbors Committee yesterday

Mr. Hollopeter’s presentation was made in behalf of the State ChamIndianapolis Board of Trade, Indianapolis Chamber of Commerce

Advisory Board. “Indiana is so located as to receive many of the major benefits claimed for this project, with the single exception of power develop-

THE INDIANAPOLIS TOMES Five Records Were Broken Here Last Week as City Increased Its Consumption of Water and Electricity

claimed to flow from this project would naturally touch definitely on Indiana interests. Despite the benefits from a purely selfish standpoint which would normally be expected

sees the disadvantages to the nation as a whole and is opposed to any step which would increase the peril

armaments.” Mr. Hollopeter described the pro“an unnecessary burden which could not possibly be of assistance during the present defense emergency and which would

defense in that it would divert

Incorporations

H. & 8. Drilling Co, Inc, 3502 Court Building, Evansville; agent, Milo B. Siegel, |same address; 1000 shares of $10 par | value; to RIcspect for oil, gas and other {minerals; Milo B. Siegel, Dorothy Siegel, | George E. Hedges, Ruth Hedges. | Farmers State Bank, Wingate, ment of articles of incorporation. J. G. Ray Stone Co., Inc., Bloomington; change of agent to Jesse G. Ray, 700 S Jordan Ave. Bloomington. Daviess-Martin County Rural Electric Membership Corporation, Washington, amendment of articles of incorporation. Berlo Vending Co., Delaware corporation, adwmitted to Indiana to manufacture and sell candy, etc, by vending machines and operation of concessions. ‘Star Bottlers, Inc. 817 Citizens Bank Building, Evansville; agent, Darby, same address; 1000 shares no par value; manufacturing and selling beverages, flavoring extracts, etc.; Phelps F. | Darby, Herman L. Trautman, Gayle Tat!lock, Wyoma Lang.

amend-

Net Last Change 37% 55

High 372

Low 37's 55

6 116'2 534 2 2% 16 18% 24

Sperry Corp ... Spicer pf Spiegel Inc .... 6 117 57s 1

234 16 1834 24

{Std Oil Ind ... [Std Oil N J .. Std Oil Ohio

| Stew-War

Stokely Br ..... Stone & Web ..

we face by reason of the lack of a

"| Operators’

Phelph . F.|

By ROGER BUDROW

Two Indianapolis utilities were breaking records right and left last week. On Tuesday Indianapolis used more water than it ever had before. Next day it used more electricity than on any other day in its history. And there were several other records set in these categories. The extreme heat and lack of rain caused the Indianapolis Roger Budrow water Co. to pump 1,427,630,000 gallons of water for the month of July—biggest month in the water company’s records. Previous record was July, 1930, when 1,350,600,000 gallons were pumped. Last Monday Indianapolis Water Co. pumped 57,280,000 gallons of water, highest output on record for a single day. The next day it broke that record by pumping 60,090,000 gallons. At 7:30 Tuesday evening the water company was pumping water at the rate of 113,200,000 gallons a day. Indianapolis Power & Light Co. produced 15,004.000 kilowatt-hours of electricity last week, largest week ‘n its history. The big demand was attributed chiefly to rising industrial needs. Its previous record for a whole week had been June 22 to June 28 this year when electricity output was 14,534.000 kilowatt-hours. On Monday the power and light company set a record for electricity output for a single day and then on Wednesday broke that record with an output of 2,428,000 kilowatt-hours. The third record broken was the most important, in the eyes of utility men. It was the peak demand. Last Nov. 26 the peak demand made upon the company’s generating facilities was 134,700 kilowatts. This was broken at 11:30 last Tuesday morning when demand reached 135,300 kilowatts. The company has a rated generating capacity at present of 184,000 kilowatts, that is, with all

= 2 2

Bank Clearings .....cooveeeeencenes Bank Debits cooccacitsscrascvsnnee Postoffice Receipts «....ooveveeeeees Building Permits ....cevveeneennens HOUSES ¢..vusnceessenssssnsssen Apartments ......ccevcevsvanece Business ...icivnricsesnecisnans Industrial PUBL civssrecirssssscensassoce “Repairs and Alterations........ Applied for Jobs.....ccvivvvevennens Received JODS vocecvvsasrevticansss Claimed Unemployment Benefits (JULY 26) svesersvvnnnsrsnscssccne Freight Carloadings: Inbound OUthOUNA .vvvvvcenceennserece Electricity Output (kwh)......ec.0e Water Pumpage (gallons).......... Streetcar Passengers (July 26)...... Telephones in Use (July 31)....... Livestock Receipts (head).......... Cattle Calves Hogs SHOEP sessrsnsctcosscceccsvisics Grain Receipts (bushels)....c..euee COLI: «i snssvsnvvncasccsascorans WWHBAL cosssscssntiionnsssssenes Oats Rye Soy Beans

Seve evsceccssreeetentace

fetes ssscetssssentenetee

ese ersesesvstencteetene

®e0cetevsrensstrssvesssanae

sete sssneccesessssrasssnee

Sources of above figures: Indianapolis Clearing House Association; Indianapolis Postoffice;

Indianapolis Bu

2 in

Last Week Year Ago $19,049,000 $50,410,000 $72,295 $168,565 $121,100 0 $5,800 $21,300 $7,000 $13,365 673 347

Week Before $24,488,000 $72,201,000 $84,953 $244 467 $219,650 0 $14,500 0 0 $10,317 1,294 503

Last Week $24,489,000 $63,367,000 $93,937 $467,778 $239,050 0 $3,500 0 $181,000 $44,228 1,144 493 1,330 1,343 3,034 3,574 2,606 15,004,000 366,580,000 1,300,376 4-224 41.976 5,281 2,889 28,507 5,299 929,000 326,000 258,000 338,000 5,000 2,000

4,192 2,085 14,269,000 333,990,000 1,318,061 +178 44,041 58,29 3,163 29,112 5,910 1,278,000 371,000 496,000 398,000 8,000 5,000

3,133 2,239 12,332,000 315,590,000 1,333,722 +352 44,596 4,129 2,939 32,239 5,289 1,245,000 213,000 836,000 184,000 9,000 3,000

$1,535,534,000

- Fi

TUESDAY, AUG. 5, 1941

” ” »

siness Summary

1940 Thus Far $617,417,000

1941 % Chge. Thus Far 41 vs. 40 $735,140,000 + 19.0 $1,888,481,000 + 23.0 $2,819,752 + 3.6 $7,290,348 + 54.3 $4,117,975 + 81.9 $2,837,125 + 82.2 $918,064 + 27.0 $1,176,000 + 30.0 $406,500 315.1 $705,643 4 68.3 32,550 + 33.1 16,152 + 48.7

$2,720,934 $4,725,428 $2,191,170 $1,556,780 $723,142 $904,600 $97,926 $419,198 24,452 10,862 107,216 55,690 — 48.1 92,872 52,979 358,004,000 7,216,830,000 39,165,716 96,325 1,755,768 185,302 92,505 1,406,148 154,613 14,614,000 8,709,000 2,920,000 2,212,000 317,000 246,000

108,093 65,575 417,099,000 7,717,760,000 40,852,787 106,014 1,686,867 140,777 90,246 1,277,394 142,470 21,608,000 14,014,000 3,603,000 3,538,000 176,000 — 44.5 402,000 + 63.4

City Building Commissoner;

+ 16.4 + 238° + 16.5 + 6.9 + 43 + 10.1 — 39 — 24.0 —- 24 - 92 - 79 + 47.9 + 60.9 + 234 + 59.9

Indianapolis Office of State Employment Security Division; Pennsylvania Railroad: New York Central; Baltimore & Ohio:

Illinois Central: Chicago.

Indianapolis and Lousville olis Water Co.: Indianapolis Railways: Indiana Bell Telephone Co.:

Trade; Center Township Trustee; Federal Reserve Bank of Chicago.

its generators going at full capacity. Even if the biggest generator

had broken down (one producing 36,750 kilowatts) there still would have been enough margin to take care of the peak demand. To increase this reserve of generating capacity, Indianapolis Power & Light Co. soon will put a new turbo-generator into use, adding 17,000 kilowatts. When a new

boiler is completed about the first of next year another 20,000 kilo-

watts will be added. In the retail buying field, Indianapolis is still ahead of last vear by a wide margin. During the week ended July 26, the larger Indianapolis department stores reported sales 27 per cent greater than in the same week last year, according to the Federal Reserve

(Monon): New York, Chicago & St. Louis

(Nickel Plate); Indianap-

Agriculture Marketing Service; Indianapolis Board of

Bank of Chicago's report. Only Detroit exceeded this figure which was above the average (23 per cent gain) for the Seventh Federal Reserve District. For the four weeks ending July 26, Indianapolis department stores showed a 25 per cent increase over the same four weeks of 1940, compared with an average gain of 24 per cent for the entire district.

OFF GENT A BUSHEL

CHICAGO, Aug. 5 Profit-taking sales which disclosed a pause in demand, caused a recession of a cent a bushel in wheat on the Chicago Board of Trade toay. At the end of the first hour, wheat was 5% to 7: cent a bushel lower with September at $1.11. Corn was off 's to !» cents; oats off 3s to 2 cent; rye off 1}4 to 1'2 cents, and soy beans were down 1's to 17s cents.

STATE MINERS GET 2-YEAR CONTRACT

TERRE HAUTE, Ind. Aug. 5 (\U. P.) .—Signing of a new contract, effective until March 31, 1943, between the United Mine Workers of America (C. I. O.) and the Indiana Coal Association was announced last night by Louis Austin, president of District 11, W. M. W, A. The new contract establishes a basic daily wage scale of $7 and abolishes the wage differential between District 11 and other districts which has been a point of controversy for many years. The contract affects approximately 5000 miners and applies to all shaft mines in the state except those in the Brazil block field. Mr. Austin said that negotiations would start immediately between

, the operators’ association and the

U. W. A for a new contract covering the state's strip mines, The new contract ended the oneday wildcat strike of approximately

1 : 200 local union members who re-

mained away from their jobs yester-

1|day because of a report that the op-

erators planned to reduce wages. RT ea

Studebaker Sun Oi 5 Sun Oil pf A...

(U. P).—|Bel

Sunshine Min .. Superhtr Superior Oil ... Superior Sti Swift & Co .... Swift Intl ‘e Sym-Gould ww. Texas Corp .. 44 Texas Gulf Prod d Tex G Sul 8 Tex PC & O ..

: GASOLINE PRICES IN

EAST ARE RAISED

NEW YORK, Aug. 5 (U. P).—A general gasoline price rise through-

4 8 8 8

p » | United Drug

+ | Woolworth ..... 30 * Wright Aero

153; 12! yellow T pf ...118 8 | Young Sheet... 38% . Young Stl Dr...

| i Thermoid ..... { Third Av Ry .. Thomp Star Thomp St Tide W

.. ! ai |

| Transamerica Tri-Cont .

. 8 20th Cent-F pf 20% Twin Coach .. Union El Mo pf. 1083% Union Carb ... 784 Un Oil Cal .... Un Pacific ..

Un Aircraft .... Un Air Lines ..

United Cp

Un El Coal .... United Fruit ... 7 Un Gas Imp ..

Dist pf... & Far Sec. Gypsum .. Hoffman pf Ind Ale... Leath A .. Pipe & F . Play Card. Reaity .... Rubber ... Smelt { U Steel .... U Steel pf . Un Stores A ..

U U u U

U u u u u J

1 a nnn nNnphNnn

—Y Vadsco Sales Vadsco pf Victor Chem of Vrginian Ry pf 323% WW

15 20% 20 26 8

26%, 26% 32

sing sales.

2 | Gross Def.

Walgreen ..... 203; 203 Wik H-G&Wpf 14 14 Walworth .... 5%

w - Sp

—pes Warner Bros .. 5g Warren Br of. 17% Waukesha Mot. 16 Wayne Pump . 153g Web Eisen bo S08 Wes Oil & 8. . 25% Pa El 6 pf. 97 WVvaP&P..2 West Au Sup .. 291% West Md vv; 3 West Md 2 pf. West Un ...... 3

pos 5

On Ty 3 OY &

DBI pt ps —-

n°

Beads

White Mot .... Willys Overlnd..

. 3%

Worthington ...118

Yellow Tr

1 382

15% 15%

out the 17 Eastern Seaboard states affected by the 7 Pp. m.-7 a. m. cur-

"few was indicated today.

Dealers in Brooklyn and Queens Boroughs raised prices 1% cent a gallon today, declaring the increase

,| Was necessary because of losses in-

curred in complying with the voluntary sales stoppage. Dealers believed the increase would become

? general.

Spokesmen for leading oil companies said the curfew was becomIng increasingly effective in ecurtailSales dropped sharply yesterday and more station operators were reported complying with Oil Administrator Harold L. Ickes’ curfew request. Oil circles believed, however, that compulsory rationing would be ordered soon, possibly after Labor

1 : Day, and motorists would be limited

to specific purchases weekly—probably five gallons.

U. S. STATEMENT

WASHINGTON, Aug. 5 (U. P.).—Government expenses and receipts for the current fiscal year through Aug. 2, compared with a year ago: This Year

$1,751,096,774.02 449 987,554.04 1.301,109,219.98 1,286,144 369.98 2,476,513,277.38 Work. Bal.. 1,725,882,854.70 Pub. Debt 49 541,299,057.73 Gold Res. $22,676,646,144 99 Customs . . 30,354, 463.94

Last Year

$890,556.715.77 378,457,991.49

Expenses. Receipts

Net Def ... Cash Bal.

43.774.148/500.81 20,538, 140,280.85 27,385,625.98

INDIANAPOLIS CLEARING HOUSE Clearings .......v... iva es ...$3.679,000 Debits 8,848,000

CHICAGO. Aug. 5 (U. P.).—Apples— New. Michigan. bushel. 65¢@$1.10. Tomatoes—Tennessee, lugs 90c. Spinach— Michigan bushel [email protected]. Carrots—California crates [email protected]. Lettuce—California _crates, [email protected]. New Cro Sweet Potatoes—Tennessee, bushel, $1.75% 1.90. Onions (50-1b. sacks)—Illinois yelows 75@85c; Washington Sweet Spanish.

LOCAL PRODUCE

Heavy breed colored hens, 3 lbs. over, full feathered, 18c; heavy breed hens, under 5 lbs. full feathered, 16c; Leghorn hens, 12c: No. 2 Leghorn hens, 9c; springers, Barred and White ck, 2 lbs. and over, 17c; No. 2 springers, Barred and White Rock, 14c; Leghorn springers, 2 lbs. and over, 15¢; No. 2 Leghorn springers, 2 lbs. , 12¢; cocks 10c. Eges—22@22%ec. Butter—No. 1, 36%@3%: No. 2, 35@ 3512¢. Butterfat—No. 1, 35¢; No. 2, 33

and

BRIE I +: ++) 0000

se re Zenith Rad .... 12% 12% Y%

, 33c. (Farm picku rices quoted b Wadley 5.) p2 ’ ym.

LOCAL ISSUES

Nominal quotations furnished by local unit of National Association of Securities

Dealers. Stocks Bld. Ask T% 9 20 ‘i

elt Stk Belt RR _& Stk Yds Do Central Ind Pow 7% DP Circle Theater com .s Loan 5% ofd..

n h Elec 7% Indpls Gas com... Ind. Gen. Sery. 6% pid Ind Hydro Elec 77% pfd Indpls P&L 5':4% pid Indpls P&L com Indpls Water 5% pfd Indpls Water Class A com Lincoln Loan Co §'2% bntd Lincoln Nat Life Ins com ... N Ind Pub Serv 5'29 pfd...100'2 N Ind Pub Serv 6% pid y N Ind Pub Serv 7% nid Progress Laundry com . sev.) Pub Serv Co of Ind 67% pfd ... 65 Pub Serv Co of Ind 7% pfd... *So Ind G&L 4.8% pfd Terre ‘Haute Elec 6% pfd.... 1? Union Title Co com 33 Van Camp Milk pfd... Van Camp Mlik com .. Bonds

Algers. Wins'w W RR 4'%s ...100 American Loan 5s 99 American Loan 5s 46 +x + + 100 Cent Newspapers 4's 42-51...100 Ch of Com Bldg Co 4's 61... 8% Citizens Ind Tel 4Yas 61 103 Consol Fin 5s 50 sse..ve 99 Crabb-Revnolds-Taylor 5s 42. . 97 Home T & T Ft Wayne 5'.s..102 Home T&T Ft Wayne 6s 43....102 Assoc Tel Co as 70.

“en Lee

ne na

08 Pub Tel Co 4'2s 55 104Y Richmond Water Works 5s 57.100 Trac Term Corp 5s § 70 *Ex-dividend.

PITTSBURGH STEEL FIRM WILL EXPAND

PITTSBURGH, Aug. 5 (U. P).— Carnegie-Illinois Steel Corp. will add two Bessemer converters as well as two huge blast furnaces to its Edgar Thompson works under a $35,500,000 defense expansion program, it was learned today. The construction of the converters, which will have a combined annual capacity of 675,000 tons, was regarded as a surprise by the industry, because the Bessemer process largely had been displaced by the open hearth method. The blast furnaces, with a 12,000ton capacity each, will be among the largest in the world. : The company will double its present power output at Braddock to operate the new facilities by installation of a 50,000-kilowatt power plant, it was said.

BUSINESS AT A GLANCE

By UNITED PRESS Certain-Teed Products Corp. 6 months ended June 30 net profit after Federal income taxes $518,721 equal to 48 cents a common share vs. $168,581 or $231 a share on 6% preferred year ago. Dresser Mfg. Co. 6 months ended June 30 net profit after Federal income and excess profits taxes $375,781 equal to $1.12 a share Vs.

Michigan Sugar Co. fiscal year ended June 30 profit after Federal income taxes but before loss on investment and on sale of property $1,028,282 vs. $532,864 before loss of subsidiary in preceding fiscal year; after loss on investment and sale of property net loss $189,807 vs. net profit $497,898 preceding fiscal year after loss of subsidiary. Nehi Corp. 6 months ended June 30 net profit after Federal income and excess profits taxes $491,361 equal to 44 cents a common share vs. $452,021 or 40 cents a share year ago. White Motor Co. and subsidiaries, 6 months ended June 30 net profit after Federal income and excess profits taxes $791,355 equal to $1.26 a share vs. $743,529 or $1.19 a share year ago. Continental Baking Co. and subsidiaries 26 weeks ended June 28 net

$476,480 or $1.59 a share year ago. 2

HOSIERY SHIPMENTS SET RECORD IN JUNE

NEW YORK, Aug. 5 (U. P).— The National Association of Hosiery Manufacturers reported today that shipments of all types of hosiery reached new record highs in June and the first half of this year, Total shipments for June were placed at 11,932,890 dozen pairs against 8,834,860 dozen in the 1940 month and 10,294,190 in June, 1939, the previous high for the month. Shipments for the first i

six months of this year amounted to 72,310,939 dozen pairs against 63,110,134 dozen in the first half of 1940 and with the previous record high of 65,648,910 dozen established in 1939. Shipments of women’s full-fash-ioned nylon hose in the half-year period totaled 3,453,011 dozen pairs against only 586,737 dozen in the first six months of last year. The Association pointed out, however, that this gain of 4885 per cent could be traced to the fact that nylon was not placed on the market until May ‘15, 1940. All other types of women's fullfashioned hose — chiefly silk — amounted to 17,838,475 dozen pairs for the first half of 1941 against 18,882,980 dozen in the 1940 period, a decline of 5.5 per cent. Shipments of women’s full-fash-ioned hosiery accounted for 3,408,207 dozen pairs of the June shipments—including 701,518 dozen nylon and 2,076,689 of other types, mostly silk—compared with 2,808,936 dozen pairs in the 1940 month.

BUSINESS FAILURES LOWEST THIS YEAR

NEW YORK, Aug. 5 (U. P).— Industrial and commercial failures in the week ended July 31 dropped to the lowest point for any full week this year, Dun & Bradstreet, Inc., reported today. Failures in the latest week numbered 190 compared with 253 in the] previous week and 271 in the cor-| responding 1940 week. Failures with liabiliities of $5000 or more were

week and compared with 139 a year ago. Canadian failures dropped to 12 from 14 in the previous week and | 22 a year ago.

REFRIGERATORS GAIN

CINCINNATI, O., Aug. 5 (U. P). —The Crosley Corp. in the first half of this year shipped 94 per cent more refrigerators than in the initial six months of 1940, Robert I. Petrie, vice president in charge of sales, announced today.

WAGON WHEAT

Up to the close of the Chicago market today Indianapolis flour mills and grain elevators paid 94c per bushel for No. 2 red wheat (other grades on their merits), and paid 70c per bushel for shelled new

99, unchanged from the previous]

Florida Railroad May Reorganize

WASHINGTON, Aug. 5 (U. P).— An examiner for the Interstate Commerce Commission today recommended a reorganization plan for |the Florida East Coast Railroad Co. calling for a reduction from $95,616,{000 to $37,000,000 in the road’s cap-

italization. The plan, which would be¢ome ef-

fective Jan. 1, 1942, if approved by the Commission, provides for a re-

duction from $2,823,480 to $483,480 lin fixed interest charges. The interest charges, however, [youd be increased later to $513.480

{through fixed interest bearing bonds to provide an income of $1,250,000 a year for two years to meet fixed charges. Ralph Jewell, the examiner, rec{ommended that present stockholders be eliminated and no provision made for their participation in the {reorganization plan. “The claims of holders of present and refunding mortgage bonds, totalling $45,000,000 principal and $24,375,000 of interest which will be {accrued and unpaid on next Jan. 1 lcannot be set aside in full within {the recapitalization recommended, {but these holders will receive all the {new income bonds and new stock [recommended to be issued in the reorganization, constituting the entire equity remaining in the property after satisfaction of the claims of the present first-mortgage bondholders.”

DAILY PRICE INDEX

NEW YORK, Aug. 5 (U. P.).—Dun & Bradstreet's daily weighted price lindex of 30 hasic commodities com{piled for United Press (1930-32 aver~ age equals 100): Yesterday ........*ccecee..... 142.82 WeeK 880 ...erccvsserevesvay 141.85 Month 880 severe vrsrsniess. 140.51 Year ago ........c0c000000v..113.27 1941 high (Aug. 4) ............142.82 1941 low (Feb. 17) ..123.03

| HEE UNITED STATES DEFENSE BONDS AVAILABLE AT

MEMBER FEDERAL DEPOSIT

No. 2 yellow corn; No. 2 white shelled corn, Joe} No. 2 white oats, 30c; No. 2 red oats, J%2C,

INSURANCE CORPORATION

GUARANTEED

NTL

G AT OUR USUAL (ql 41)

ITE’ 43 S. 1

(1 § SAXOPHONE Instruction INDIANA MUSIC CO. 115 E. Ohio St. LI. 4088

Per LessoD

=Ask to See the

“Clifford” WATCH at BASIEST TERMS

5 e”

THE MODERN CREDIT STORE

{129 W. Wash, [ndiana Theater

Is Opposite Us

WASH SLACKS

Plain or Pleated Sanforized Fabrics

$1.50 & $2.95 Leon Tailoring

Ist Block Mass. Ave.

profit after Federal taxes $1,253,934 vs. $1,324,900 year ago. 3 Hrs. Parking Given With Every Car Wash ... 50¢

CAPITOL GARAGE

WASHINGTON PARK MAUSOLEUM

Washington Park Cemetery For Information

SSR RE Cor. Maryland & Senate

Phone IR-8383

MARILYN FURS

A Better Fur Coat for Less Money!

2440 N. Meridian St.