Indianapolis Times, Indianapolis, Marion County, 11 August 1941 — Page 4
Indianapolis Subsidiaries in England Busy and ‘Thumbs Up’ About the War
y ROGER BUDROW
THE NAZI BOMBING OF ENGLAND, which has
slackened considerably since the Russian war started, has
left subsidiaries of three Indianapolis concerns untouched.
Eli Lilly & Co.’s factory at Basingstoke, about 48 miles is carrying on but is experiencing some difficulties that are very similar to those problems It is difficult for them to get
southwest of London,
coming out in this country. enough help of the right kind. There is some need for office help; but the shortage is worst in the laboratory. The drug concerns branch, once a glistening white, has | been camou-! flaged to blend
Firms Balk af 'Oil for Britain’
rounding land-| HOUSTON, Tex, Aug. 9 (U. P). scape. |—A group of oil companies and opP. R. Mallory's erators notified the Texas Railroad branch (Mallory | commission today that the Com-
Metallurgical] Products, Ltd.) {mission's plan to give one day's oil |
3 {production to Great Britain pre-| oo iy | sented “insurmountable difficul- | still busy, of- ties.” Co ficials here re-| In a telegram to the commis-| port. The firm | sioners, 35 firms and individuals makes, among asked for a hearing Monday or Roger Budrow .)..; things, re- Tuesday to reconsider the Comgistance welding alloys, tips and ‘mission's order setting Aug. 17 as wheels used in the famed Hurricane “Oil for Britain Day. and Spitfire combat planes. | Under the plan operators would Bowes Seal Fast Corp. received a be permitted to donate one day's fetter from its English subsidiary production to the British. The plan Saturday. It was typical of all the has been approved by Federal Pe-| others—cheerful and very “thumbs troleum Co-ordinator Harold L.| up.” Arthur P. Phillips, the man- Ickes and President Roosevelt. ager, said their business was good| Operators in Louisiana rejected a because the British mechanized plan similar to that of the Texas) forces need so many tire repair kits commission. Which the Bowes firm names. | Legal obstacles were cited as: & Right of company officials to give rh on oh ig gai ithe oil without consent of stock-! Hailsham, down the Thames River holders; joint ownership of oil about 100 miles from London and Property by operators and non-op-
£ oulogne on the erators and problems of getting Sly 8 ules rom Bo (consent of all interested parties; |
i” lines | The one casualty from Nazi collection of charges by pipe bombs suffered by any Indianap- Moving the oil, and previous compolis firm wasn't in England at all Mitments and obligations by com- | but in Northern Ireland—Kingan panties wishing to give the oil to & Co.'s plant in Belfast. Either a trial. direct hit or one next door caused _ ne ©il men noted that Great) this packing house to burn down Britain now is getting from Lease-' this spring. Tt will not be rebuilt Lend facilities all the oil possible
until the war is over, Kingan offi- © transport.
“rn nt mes, S, COTTON CROP SMALLEST SINGE '35 |
same site since 1832—109 vears— WASHINGTON, Aug. (U. PJ.
witheut interruption until the Nazis flew to Belfast to get at {—The Agriculture Department today estimated 1941 cotton produc- |
the shipyards. They missed them a mile, in this case, because the Kingan plant is just a mile from the shipyards and docks. Kingan employees here took up 3 wollee tion and sent around $500 tion at 10,817.000 bales, compared Yo the jobless and homeless work- gt; 13566000 bales last vear. a least Mew of hese | The estimate, based on Aug. 1 | conditions, indicated the smallest {cotton crop since 1935. In its first production estimate of the year the Department fore-| cast an average vield of 224%
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workers are probably working in war industries now, Kingan officials believe. As many times as Liverpool has been bombed. the Kingan warehouse there hasnt been damaged. ek & 4 {pounds an acre, a decrease of 281 Ipounds from the 1940 vield but 19 ODDS AND ENDS: Harold Ickes pounds more than the 1930-39 avis reported to have the inside track erage. for appointment as coal tsar. He The condition of the cotion crop already is boss of oil Scrap was estimated at 72 per cent of | metal shortage is so acute that! normal. Ginnings to Aug. 1 were Lukens Steel at Coatesville, Pa. estimated at 1968 bales. world’s largest steel plate mill, iS| The principal reason for the re-| asking the public to collect all the duced yield compared to last year scrap it can to prevent a shutdown. was unfavorable growing condi-| . The Federal Government col-| tions in South Carolina, Georgia, | lected more than 15 million dollars Florida and Louisiana, In taxes from Hoosiers during July, partment said. Prospects, how- | more than a million dollars above ever, are better than average in| last July. Biggest part of increase Missouri, Tennessee, Arkansas, $16,000 was in social security taxes. Mississippi and California.
| at a monthly rate five times greater than a year ago.
down for the model changeover, the
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the De-|
Growing Guns for U. S. HUNDREDS 15
12
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6 3 i 2
THE INDIANAPOLIS TIMES Bids for Hogs Here 15 Cents Lower Than Saturday's Prices
MONDAY, AUG. 11, 1041
HOG PRICE RANGE Top $11.65 11.65 11.65 11.93 eens 11.58 . 11.30 11.85 11.65
Receipts 4,000 5,000 1,000
July 31 Aug. 1 seivinnienienianans Aug. 2 Aug. 8 <ciuineninienturiaen Aug. 5 . Aug. 6 ABR. 7 ciiuvctatanetaiiane Aug. ® ...
“horses sesetteasRBe
7,500 6,000 4,200
"esse tasenreee
“seeders erent.
Shee veRRRIR RRR.
1,500 |
Indianapolis stockyards today were 15 cents lower than Saturday's prices, the Agriculture Marketing | Service reported. Some hogs were offered at prices | 10 cents lower than Saturday, but no sales were made for more than | an hour after the market opened. |
AUG1940 JAN, 04 JULY 194] Rifles and sub-machine guns are stacking up in America’s arensals Chart shows increase based on Office of Production Management figures.
AUTO PRODUCTION SHORT OF "29 PEAK
® DETROIT, Aug. 9 (U. P) —The. Quiz
automobile industry produced 5,590, -1 Q—Can the Treasury Department's 000 cars and trucks in American and, Tax Savings Notes be purchased on Canadian plants during the 1941 a monthly basis?
model year, only about 30,000 units es they were Sota for ‘short of record 1929 output, a pre-| Vey purpose, so ist the fax-
{payer can save a specified amount liminary survey disclosed today.
[each month and invest it in these The authoritative Ward's reports notes, which can later be turned in {declared it was the industry's “most
ful Season nce. 1935 c to the Collector of Internal Revesuccess eas The nye in pay t Fede incom {wholesale value of the 1941 model PRY ©; oral income
taxes. | year output was estimated at $3,500,- Q—Who can buy notes under the 000.000. \ ,
Although most plants are closed gy RY is Ne Bin) income taxes should buy these notes. The Series A notes, however, are de-|1 [signed for the small taxpayer. Series |B notes are designed for larger taxpayers, either individual or corporate. NOTE-—For complete information about the new Tax Savings Plan, ask your banker or write direct to the Treasury Department, Washington, D. C.
50 SHIPS LAUNCHED SO FAR THIS YEAR
01..| NEW YORK, Aug. 11 (U. P).— oa The American shipbuilding industry | {launched 50 vessels in the first seven months of 1941, compared [with only 26 launchings in the corresponding period of 1940, the , | American Bureau of Shipping dis-| | closed today. 16 | In the same period of this year, §7 | 48 ships were completed compared | 104% | With only 30 completions in the first | |seven months of 1940, and it was | {estimated that, with speeding up of | shipbuilding activities in the Unit- | 162 led States, from 110 to 115 vessels 102 would be completed in 1941,
ed During July the industry expand102 ed its backlog of orders and on Aug. 1% |1 had orders for construction of 945 105 vessels of 5,833,570 gross tons, com- | 10 | pared with 893 ships on order July 08:71. A year earlier there were only 10} = vessels on order. 13 | The sharp expansion in orders 1i6 | during July was attributed to place- . ment of orders for oil barges. On , Jo | July 1 there were 40 barges on or103 !'der and this number jumped to “73 by Aug. 1.
Defense
industry produced an estimated 41.(795 cars and trucks this week against 11635 for the corresponding | period of 1940. A total of 62,146 units was turned out last week. Among the few plants still operating on 1941 models is the Ford Motor Co.
LOCAL ISSUES
—Satarday, Aug. 9—
Nominal quotations furnished bv local unit v1 National Association of Securities
Dealers. Stocks Bid. Ask
Agents Finance Co Ind com . T% 9 | pRents Rance Ror oe Nob .. 20 vi 8 ues | Beit ¥ : Sh Yds Pra {Central Ind Pow 7% pid Theater com mwith Loan 59 ofd ook Dug RK om oe Wayne 7% ofd ing & Nu - 0
FT Te Co $5 p Rh Hes Re | hap (Py Serv e% pfd .. Ind Eydro Elec To pid. | Indpls P&L 5% % pfd Indpls P&L com Indols Water 5% » Indpls Water Class A com. Lineal Loan Co 529% ofd Lincoln Nat Life ms com .. N Ind Pub Serv 527% pfd.. N Ind Pub Serv 8% pfd.... N Ind Pub Serv is pfd ®roeress Laundry com Pub Serv Co of na 67%
md G&L 48% pfd Terre Haute Elec 6% pid.. Union Re CO COM. ~~ evvuuvs. 33 Van Camp Milk pfd Van Camp Miik com Bonds
Algers. Wins'w W RR 4%%s8 ... American Loan 5s 51 9 | Cmerican Loan 5s } Newsps rs cs 42-51. Co Mi 61.
|
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43 116 20% |
15 26
104 107
i3
on of C a Gitizens Tna, Tel 4 'onso’ n .- Consol mm sa Bo. 5s 42. 97 | fome I ayn x
ndp ndpls Water Co 3? Kokomo Water Works Kuhner Packing Co iA Morris § & 10 Stores & 5 ..100 Muncie Water Works 5 s 65.... 3 N Ind Pub Serv 3%s = 10: N Ind Tel PE 55 {| Pub Serv of 4s | Pud Tel & 41.8 55 104? Richmond Water Works 5s 57 100 ¢ Term Corp Ss 5% 70 x Gand
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cattle, 600 calves, 8000 hogs and | 1500 sheep.
—Saturday, Aug. 9— HOGS
a Oy 3 YO 0 SSIRRES
sag! 10.75
[email protected] Packing Sows
Good and Choi [email protected] Rags . [email protected]
we. 10.00@10. 3 [email protected] 9.50@ 9. 8 [email protected]
Slaughter Pigs Mudium and Good—
120 pounds [email protected] | 5,
Slaughter Cattle & Vealers (Receipis, 5)
Steers 750 $00 poun 900-1100 pound
1190-1300 pound 300-1500 pound
750- "900 poun 900-1100 iid
$12.00
von 12. 7 ... [email protected] ooo [email protected]
12.75 12.
edium. 750-1100 Sound: 1106-1300 pounds 750-1100 pounds ..
CRTI0 pounds Steers. Heifers Cholce—
[email protected] 500- 750 pounds
Cholee— 750- 900 pounds Good—
750 500 pounds
Medi 500- 0 pounds “er Common—
500- $00 pounds .....
. [email protected] [email protected] [email protected] 7.00@ 8.75
i
see eseBannnee Sehsesanene essaesen
Preset Let eee ena sree
5 Medium . 5 Cutter and eommon ... 0 anner 5
t(Yearlings excluded)
4.821
a Some early bids for hogs at the | 2 00-
Receipts here today were 1500 “oo
Common and medium
5 | Week Ago
Sausa,
9,008 | cull
Feeder and Stocker Cattle (Receipts, 25) Steers holce— 500- 800 pounds
$10 800-105¢ pounds 10. o@il %
800 p 30 id Se .
| Med 500. 1000 pounds ommon 00- 900 1 pounds . Calves (steers) Good and choice— 00 pounds down Medium — 500 pounds down Calves (heiefrs) | Good and chotce— oe Sons down
8.75@ 9.50 7.50@ 9.00
Sesessseenas
[email protected] [email protected]
500" Pounds down [email protected] SHEEP, LAMBS (Receipts, 0)
Lambs (spring) Good and choice
LS and geen Comm
Ewes (shorn)
Goo and choice ............ 3.7%
325
CHICAGO GRAIN
$1.143% $1 Shen
eu
WAGON WHEAT the close of the Chicago market
$1.11 . 834
1814 8614 @8615 16%
Up
to today Indianapolis flour mills and grain | elevators paid 93¢ per bushel for No. red wheat (other and paid 6
2 rades on their merits). ushel for shelled new 2 white shelled corn,
No. 2 yellow corn: No.
78c; No. 2 white oats, 31c; No. 2 red oats
30%%e.
DOW-JONES STOCK AVERAGES
WH) INDUSTRIALS Saturday
Month Ago ....... "ete Year Avo High (1941), 133.59; Low, High (1210), 152.80; Low, 20 RAILROADS
40.09 |
113.30. 111.84.
Saturday Week Ago . Month Ago Year Ago High (1941), High (1910),
40.21 +0.43 30. 88; Low, 32.67; Low, 22.14. 15 UTILITIES
(1941), (1940),
DYEING!
Rugs, Carpets, Drapes Furniture Covers, Garments 10 Years in Indianapolis
GENERAL DYEING CO.
818 DORMAN ST. CH-6776
26.65; 26.45;
Low,
High Low,
8.25@ 8.95
[ GET IN THE
SWiM/’s
®A TROLLEY OR BUS WILL TAKE YOU TO ANY ONE WITH SAFETY AND ECONOMY.
See Page 1
12 Significant Articles Don't Miss Them! STARTING — TODAY!
COOL OFF IN ONE OF THE CITY'S MANY FINE I), POOLS OR BLAGHES! MY
A
Opening prices today on the Chi- |
-— m —o01]
0.27 |
—0.28 | —0.16 |
STEEL PRODUCTION Hopson Signs BOOMS TO NEW HIGH Away Fortune
W YORK, Aug. 9 (U. P).— NEW YORK, Aug. 11 (U. P| Howard Hopson, who mulcted the Production of steel for the first! Associated Gas & Electric Co. of seven months of 1941 boomed to an $20,000,000, has signed away his all-time high for that period while personal fortune for the benefit of output: for July was the fourth|bond and stock holders, it was dislargest on record for any month, closed today. the American Iron & Steel Insti-| Hopson had $2,500,000 worth of tute reported today. | securities, a $60,000 summer home
: me Institute piace production in New Jersey and other property or e seven months at 47,730,22 . i net tons against 35,130,027 a oid when: he entered the Lewishure, earlier, an increase of 35 per cent. Pa., Federal penitentiary recently July output amounted to 6,821,682 to serve five years for fraud. net tons compared with 6 800.730 But he owed the Government in June and 5,724,625 in July last More than $8,000,000 and the company owed it even more. Hopson
year. ‘signed an agreement which pools Allheugh total output for July ex- his Tee with A of ceeded June's figures, both the cal- iq company for the benefit of its culated weekly production and cal-|cacurity holders. The company is culated rate of operations Were | hdergoing reorganization lower because of the increasing | : shortage of scrap steel and the | [Fourth of July holiday. |
| The Iustitute reported weekly | production for July at the lowest
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v Need a Loan .On Your Home?
Consult Us! ! !
IRNIR
BLDG. & SAV. ASSN,
116 N. Delaware St.
level for any month since last December at 1,543,367 tons against! ing rate was 95.6 per cent compared | with 98,2 in June and an average wll
11,585, 252 in June, while the operat- | 98 per cent for the first half of 1941. |
cage Board of Trade, as reported t by Thomson & McKinnon, were: Wheat . orn .. Oats .... Rye
{
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{
USE YOUR CREDIT at
LADIES’
NOVELTY SHOES $ | 00, $ | 41
KINNEY’
138 E. Washington St.
| |
CLOTHING COMPANY
131 W. Washington St Dircetly Opposite Indiana Theater
KNOERLE TIRE CO., Inc. 2421 N. Meridian St. TA. 3371
Distributors for
U.S. TIRES
=
|
WASH SLACKS
Plain or Pleated Sanforized Fabrics
$1.50 & $2.95 Leon Tailoring
Ist Block Mass. Ave. SAXOPHONE I Instruction vn
INDIANA MUSIC CO.
115 E. Ohio St. LI. 4088
GEO. J. EGENOLF
MACHINIST 181, W. South LI-6212
SEE the New “EVERSHARP” PEN & PENCIL SETS
$8 1 Guaranteed u
for Life
STANLEY JEWELRY CO.
113 W. Washington ! Lincoln Hotel Bldg. !
Guaranteed WATCH REPAIRING DONE BY EXPERTS
H. H. Mayer. Inc.
JEWELERS re
N W. Washington All STRAWS REDUCED
All styles—but limited quantity.
Levinson
3 Stores
Make Woodworking Your Hobby Use
MOTOR DRIVEN TOOLS Exclusively at
VONNEGUT’S 120 E. Washington St.
UR COATS Largest Selection in the State
INDIANA FUR CO.
29-31 East OHIO St.
L.A
WHILE THE REST OF
THE TOWN SLEEPS HAAG'S ALL-NIGHT DRUG STORE 22d and Meridian IS OPEN
| b
USED TIRE BARGAINS
GOODYEAR SERVICE STORE
Delaware at Walnut RI-1436
eevee
TRY A WANT AD IN THE TIMES. THEY WILL BRING RESULTS.
MEANS TO AMERICA
By Francis Hackett
Eminent Historian and Biographer
.