Indianapolis Times, Indianapolis, Marion County, 12 August 1941 — Page 10

cl nia

N. Y. STOCKS

By UNITED PRESS

|DOW-JONES STOCK AVERAGES 30 INDUSTRIALS

roe TLANAPOLES as i Li ATG. 12, 1941 FINANCE ISSUES Many Phases of Local Business Receded Last Week From SUFFER LOSSES The Previous Week but Are Far Above Levels of a Year Ago

: J Prices Fall $2 and More: Railroad Shares Gain At New York.

YORK, Aug. 12 (U P)-— in finance issues abated around mid-session on the stock market today. Losses ranged to —a.0s about 2 points. 2.43) Around 1 p. m. Household Finance Unch. common was selling at 49, off 2, and —o.60 the preferred at 105, off 23%: Com{mercial Credit, 223%, off 2%, and ___ [Commercial Investment Trust, 277%, {off 23. The frend was mixed elsewhere, (with U. 8S. Steel rallying from early ~}i|softness to li-point gain at 56%. 0 * | while Bethlehem slipped off 3; to = 1 69°c. Motors held at their previi lous finals and aircrafts moved nar2 (rowdy. : 2 Pan American Airways met good — 1, (buying and pushed up a full poinf — 31 jto 15%. American Can steadied cn "15 ‘a loss of 1% points and U. S. Gyp[sum was down 1 to 59. Johns-Man-HI Sent 1 8 Iville. however, had !:-point gain

PAGE 10

PORKER PRICES FALL 10 CENTS ft

Acme Steel .... 30%: 30% S50 ... Adams Exp ... .¥ 8% Fo | Week Age Si ue ...."0 lz 41x Asks Juneau. . 4% 4% Sesh Sore et 19% 13% Ue

of x is Allesh ad Psi . Allied Chem ...} fAlilted Mills ... {Allied Stores { Allis-Chal Alpha P Cem . | Amerada ‘ {Am Ch Del . Receipts Am Bosc “ Am Cabie & R.. 1800 yoy Can 000 Am cor & F ‘of +300 An Com ak m Crys Sug 6%¢ Am Enc Til . 4,200 Am_ Eur Sec 4.820 fAm&F Pras Am-Haw SS® 1.300 Am Hide & L.

Net High Low Last Change | fin

” ”

—0.39 o » —0.03 + 0.30

—4.28

Indianapolis Business Summary

1941 % Chge. Thus Far '41 vs. '40 $758,061,000 4 19.2 $1,944,552,000 J 22.9 $2,909,695 4 4.3 $7,548,588 + 53.6 $4,285,175 4 84.7 $2,837,125 4 82.2 $942,064 4 28.5 $1,206,000 4 33.3 $406,500 4315.1 $742,683 + 56.8 33,341 + 31.0 16,655 + 48.3

By ROGER BUDROW The majority of items in the Indianapolis Times Business Summary went into reverse gear last week. There was no obvious explanation for it unless it was the hot weather. Bank clearings and debits receded from the previous week but remained above the same week last year by a wide margin. Debits here are nearly 23 per cent ahead of last vear so far Postoffice receipts also fell but remained above a year ago. Building permits, as reported by the City Building Commissioner, also showed a considerable decline from the previous week but held above the same week last year. Thus far this year building permits show a 53 per cent increase over last year at this time. The number of persons applving for jobs at the Indianapolis office of the State Employment Security Division receded from the previous week. But job applications here are still 31 per cent ahead of last year. The number of persons getting jobs increased, however, over the previous week and over the same week last year. The number receiving jobs here shows a 48 per cent increase over last year at this time. Unemployment benefit claims increased nearly 400 in the week ending Aug. 2 but are just about half of what they were last year at this time. Inbound freight carloadings continued to gain but there was a drop in the outbound freight carloadings. All utilities showed declines from the previous week. Livestock receipts at the Indianapolis stockyards increased over the previous week but were less than in the same week last year. Receipts so far this year are 45 per cent below last year.

IGKES IS EXPECTED 10 0. K. PIPELINE

WASHINGTON, Aug. 12 (U. P). —Defense Oil Co-ordinator Harold |S |L. Ickes was expected to approve

13 UTILITIES

Top Recedes to $11.40 Here: 6500 Hogs Received At Stockyards.

HOG PRICE RANGE Top

»y © «3 - "5

1940 Thus Far $635,706,000 $1,581,865,000 $2,792,530 $4,913,598 $2,320,520 $1,556,780 $727,642 $904,600 $97,926 $473,518 25,452 11,227

Week Before $24,489,000 $63,367,000 $93,937 $467,778 $239,050 0 $3,500 0 $181,000 $44,228 1,144 493

Last Week a Year Ago $18,289,000 $46,331,000 $71,596 $188,170 $129,350 0 $4,500 0 0 $54,320 1,000 365

This Week Cereaaess $22,021,000 $56,071,000 $89,943 $258,240 $167,200 0 $24,000 $30,000 0 $37,040 1,091 503

—a1 —0.18 ~0N NEW —0.8¢ Selling

PAT “owe

Bank Clearings .......... Bank Debits Eveeves Postoffice Receipts ................ Bullding Permits . ........ocoonvnni Houses Apartments BUSIAGES ...ciccvcirviivivaiiin INAUSEERAE ovcvoiivripivvnsveens PUBNE .....cococnicraciines ids Repairs & Alterations Cena eRe Applied for Jobs Received Jobs Claimed Unemployment Benefits (Aug. 2) Freight Carloadings: Inbound Outhound 1,966 Electricity Output (kwh) .......... 14,620,000 Water Pumpage (gallons) .. 356,810,000 Streetcar Passengers (Aug. 2) ..... 1,281,111 Telephones In Use (Aug. 7) ... +122 Livestock Receipts (head) ... 46,582 Oatlle ....ccococvivuee 5,865 Calves 3,034 Hogs 30,630 Sheep Evie Ee 7,053 Grain Receipts (bushels) .......... 805,000 Core ....... 461,000 Wheat .. 115,000 Oats CECE REE eee 224,000 Rye RT i dn 3,000 Soy Beans ...... 2,000

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Net High Last change |

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Hogs weighing more than pounds soid 10 cents lower at Indianapolis stockyards today, Agriculture Marketing Service ported. {Am Rell Mill Roll M cv of Lighter weights were unchanged | 8m eit, . m Smelt ¥ of ISS from yesterday's prices. Today's top im 8 tores ... 11 was $11.40 for good to choice 200 Am

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1,719 1,330 110,469 5,409 — 48.0

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111,982 + 16.2 67,541 + 23.€ 431,719,000 8,074,570,000 42,133,898 106,136 1,733,449 146,642 93,280 1,308,024 149,523 22,413,000 14,475,000 3,718,000 3,762,000 179,000 94,000

96,343 54,657 370,217,000 7,526,190,000 40,325,367 96,403 1,815,679 192,307 95,696 1,447,537 162,939 15,565,000 8,969,000 3,239,000 2,574,000 325,000 248,000

3,889 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 Sources of ahove figures: Indianapolis Clearing House Association; Indianapolis Postoffice: City Building Indianapolis Office of State Employment Security Division: Pennsylvania Railroad; New York Central; Baltimore Illinois Central; Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St, Louis (Nickel Plate);

olis Water Co.; Indianapolis Railways: Indiana Bell Telephone Co.; Agriculture Marketing Service: Indianapolis Trade; Center Township Trustee: Federal Reserve Bank of Chicago: Indianapolis Power & Light Co.

3.471 1,678 12,213,000 309,360,000 1,159,651 +78 59,911 7,005 3,191 41,389 8,326 951,000 260,000 319,000 362,000 8,000 2,000

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IMmat . T&T. gh Tob B 3a | & ® brought some early at steady prices. | | Am m ime... Vealers were strong to 50 cents!Anaconda higher. Closer sorting considered, 3" bd T

Sugar «is 49 Am to 210-pounders. Sows were mostly Am Tyve F . Water W Te : A 3 spring lambs were fully 25 cents: | lower while slaughter sheep were

Sugsr b»f.. a m 10 cents lower although shippers | am Woolen pf hs steady

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Inpls Pw x it 19 ; .“ lat 65. Ingersoll’ Rand 198 4 1 | News that the National Mediation ,. Board had entered the Railroad1 labor dispute brought some buying HH riy the rails. Southern Pacific led + (thé mild improvement with 3 gain 0 to 13';. Oils acted Slightly better, with Texas Corp. Pp. up % 5 to 12. Int S&T Tro 230

a WHEAT | PRICES SAG Sor f +g < + ON CROP ESTIMATE

| Jones & Lgh . Ye Nghe CHICAGO, Aug. 12 (U. P)— | Losses of a cent a bushel were reg"istered in wheat on the Chicago | Board of Trade today before the | | market encountered sufficient sup- | : q % + 1,|port to check the decline. \ 24 : ul At the end of the first hour, wheat i was 3 to 7s cent a bushel lower | with Sept. at $1.09°c. Corn was off ws % to '; cent; oats '¢ to 3 cent 12 | lower; rye off 3i to 13 cent, and soy beans were down 13 to 13 cents. Bearishly interpreted Government *| crop report and weakness in other . | commodities prompted selling in| ‘| wheat. ®

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10 45@ 10.33 ¥ tas 10.35@ 10.50 Aviatio:

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pounds 10.30@ 11.23

Packing Sows end Choice —

300 pounds 330 pounds

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Grain receipts at Indianapolis are greater—by 44 per cent—than last year. Only rve shows a decline from last year. The larger Indianapolis department stores reported a 37 per cent increase in their sales in the week ending Aug. 2 over the same week last year, according to the Federal Reserve Bank of Chicago. This was the largest increase in the

LOCAL ISSUES

Nominal quotations furnished hv local unit of National Association of Securities

Dealers. Bid. Ask

Seventh Federal Reserve District, exceeding Detroit and Milwaukee (35 per cent gains) and Chicago, which had only a 12 per cent increase. Indianapolis stores had a 30 per cent gain for the four weeks ending Aug. 2 compared with the same four weeks of 1940 and a 28 per cent gain for the five-week period.

Center Township relief costs last week were $5682, according to Trustee Henry Mueller, as come pared with $30,874 in the same week of 1940. There were 1660 active cases of relief, 221 inactive, last week as compared with 43593 active cases and 383 inactive cases *

last year at that time. on ee temo ——

800 MAY LOSE JOBS

UTILITY MUST SELL 14 SUBSIDIARIES." ERIE FACTOR

less necessary materials can be ob | —The Securities & Aug. 12 (U. P). tained, approximately 800 employees —The Securities & Exchange Com-|f the refrigerator division of the mission has ordered Standard Gas|

| General Electric Co. plant here to= & Electric Co. to divest itself of all] |day faced an indefinite period of

CA at sn 40 540 a pn C1

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‘Slanghter Pits tum and Good— 30 pound

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238

Blaw-Knox 2.10@ $83 Boeing Air Bon Ami i Bon Ami Borden | Bore: yg

‘aoe 2 Lerner Strs .... 23% L-O-F Glass . . 28 ¢ Lies & My SL L 3% 5: 3 ® hee & : 861, 1 la & My pf. 178'c 17 Ww '% | Lis Tul Cup ... 19% |Link Belt .. 33 ‘Lig Carb 153% Lockheed Airft 2% 1, | Loew's 33° Lone Star Cem 1, Bell A 3 17s

1 2%

CATTLE

Slaughter Cattle & Vealers

Dea 1588 re Gy RL wy act OF por

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(Receipts, 2000)

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~ Incorporations

| Frankfort Saddle Club, Inc. {Bldg.. Frankfort; no capital nF Bird, Bernard Thompson | Foster. Yo l The Attica Loan and Building Assn, “ies Attica: dissolution. 27% 3 : i | Decatur Savings and Loan Assn, Sa Ya tur; dissolution 101. : : Yala he geire Haute Trust Co. Terre Haute: 23 2 2} : ssoiution

ho.

1300-1500 pounds

730- 90 pounds 900-1100 pounds 1100-1300 pounds 1300-1300 pounds

Medium — 730-1700 pounds 1100-1300 pounds 7350-1100 pounds Common — 50-1100 pounds .. Steers Heifers

| Bruns-Baike 0 Bucyrus-Erie

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Peoples Life stock; John Jr... Sallie

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Stocks Agents Finance Co Ind com. Agents Finance Co Inc pfd.. pelt RR & Stk

| Manati Sug .... "| Mandel Br ..... 2 {Marine Mid ... Marshall Fid . Martin (Glenn) n {| Martin Parry Ss | Maytag ... 's | Maytag 1 pf 1» Maytag pf

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Good and choice Common end med!

cul Com Cred ev pf

Com Inv Tr .. Com I Tr ev pf.t Com Sol Wo Comvwith 9 Com th &

Feeder and Stocker Cattle (Receipts, 608)

Cholce—

a McCall Corp .. 12% 's'McKess & Rob 13% | McLellan pf . Tia a i Melville Sh . 302 laiMengel ........ 43% 2] Mesta Mach 3012 ,. i Mident Pet .... 16% 2 Midland Stl pf 118 2/Minn Hny .... 42% 13! Minn-Moline . Mission Corp 4 Mo-K Tex pit !s Monsanto 89}: Monsanto pf A ns . Mont Ward .... 's Mor & Ess Motor Whi | Mueller Br . {Murphy G C ... 70: | Murphy i Murray

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Nash- Rely “t NCh&StL. Nat Acme : Auto Fibres Auto Fib pf Aviation Biscuit . Nat Bond & Inv t Ba.) pt. Nat Can Corp Cash Reg. Dairy . Distillers. .

Rg 's a | Sion; change of a

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14 | tion.

no 8 IM,

| Sunman State Bank, Sunman: dissoluOsgood Bank, Osgood: dissolu H. Jackson & Co.. Inc, Terre Haute; dissolution. Wilkerson Shoe Co.. Missouri corporant to Leroy Rothganger, 2 Main St., Lafavette. | Jules L. Simon Inc. Indianapolis; change of address to Frankfort, Ind. and change of agent to Max Glick, Frankfort. | Acton Diamond Dude Ranch Inc, capital stock: recreation Strouse, Robert Beeson, Leroy Moon, Williamson. Falender Iron & Meta! Corp.. Indianapolis; amendment increasing capital tock {to 2000 shares of $10 par value { | East Highland Realty Corp. 4 W. Ohio St.. Indianapolis: agent David A. Coulter, same address; 200 shares of $100 par] value; real estate and building business; David A. Coulter, Gertrude Coulter, | Mary Catherine Coulter. Capitol Wine and Liquor Co. Inc. 3051 Massachusetts Ave. Indianapolis; agent, Marven Lasky, same address; 100 shares! without par value: dealing in alcoholic nd | non-alcoholic beverages: Samuel Fale der. Warven Laskv, Sam Abels. Hugo F. Arnold. Inc, Illinois ore | tion: admitted to Indiana to deal in food products at wholesale and retail. Huron Chrome Products. Inc Nlinois | corporation: admitted to Indiana to manu- | facture furniture.

Acton; Kathryn Sylvia

{the New

| Coast,

| construction,

today the proposal of 11 major petroleum companies for joint construction of a 1820-mile pipeline from Texas and Louisiana fields to York-Philadelphia refin-

Home T&T Ft Wayne 7% bid. Ind Asso Tel Co $5 pfd 1109 Ind & Mich Elec 9 ofd. “3% Indpls Gas com. cise IT

ing area. on oid

His approval would be in the thao Water Class A com. form of a recommendation that|y In" par Sec stir % oid... tr President Roosevelt issue a procla-| IN Ind Pi Jery he pd mation declaring the project essen-|N'Tnq Pub Serv 15 pid tial to defense.

| SeoaTess Laundry com While the pipeline would not be | Pub Serv Co. of Ind 7

“| Louisville

its subsidiaries with the single ex-

2 ception of the Philadelphia Co.

Previously Standard Gas had indicated its willingness to reduce its| $777,000,000 system to the Phila-| delphia Co., which operates in and | around Pittsburgh, and has total assets of about $397,000,000. The 14 companies which Standard |

include Co., Oklahoma Gas & Electric Co, Gas & Electric Co,

So Ind G&L 4.87 Pp 170 pd... completed soon enough to relieve 30 Ind G&L 487% pid id. y this winter's shortage on the East] D SI

erre Haute Elec 6% Union Title Co com .... it would help prevent future scarcity.

Van Camp Milk ofd.. Van Camp Mlik com .... Under

Wins'w W RR 4s .. 10 American Loan 5s 51 American Loan 5s 46.. 2 Cent Newspapers 4lgs 42:5}... Ch of Com Bidg Co 4's 61... Citizens _Ind Tel 4Ys 61 4 3 Consol Fin §s 50 Crabb-Reynolds-Taylor 5s 42.. Home T & T Ft yayne 5las.. Home T&T Ft Wayne 6s 43... Ind Assoc Tel Co 3'28 70..... Indpls P&L 3%s 70 ‘

the proposed $80,000,000 National Defense would build and operate a 22-inch line from Shreveport, La. to Salem, Ill, where it would connect with a 16-inch line originating at Wood River, Ill.—65 miles away. From the junction of

Algers.

{ Pipelines, Inc,

Northern States Power Co., Rempresa de Servicios Publicos de Los| Estados Mexicanos, S. A,, Wisconsin Public Service Corp . Market Street Railway Co., Hohe Lake Oil & Gas Co., San Diego Securities Co., Pacific Gas & Electric Co, ee] Wolf Power Co. Madaras Power Co., Tri-State L.angq Co., and Securities ties Corp. General.

Gas has been ordered- to dispose of California Oregon Power]

Rotor |

| unemployment. The company announced the ree | frigerator division, which employs 3200, will close for a two-week pee riod beginning Aug. 18, but that 1|ony 2400 will be recalled at the ree (opening because of a shortage of |steel. The shutdown is to permit Imechanical changes for manufac ture of 1942 models. Some of the 800 laid off were ex« (pected to find employment in other departments of the company where | gun mounts and navy turbines are | being _manufactured.

WILSON SUCCEEDS DAVIS IN OIL FIRM

FT... WORTH, Auz. 12 (U. PJ). Directors of the Panhandle Produc ing & Refining Co. have elected Henry Warren Wilson as president

Delman, Inc. New York, N. Y.: of the company to succeed the late

tion of trade mark, “Delman clothing

U. S. STATEMENT

WASHINGTON, Aug. 12 tU. P). —_Gov{ernment expenses aod receipts for the

ir wilh peg Ae © con JAPAN'S RICE CROP il HURT BY WEATHER

This Year ..$2.151.980.198.10 £1.074,594 089 23 : 1.369.039.238 01 31090119 8 : 4 TOKYO. Aug. 12 (U. P.). — The 3 08s. in. 13 Japanese Domei news agency said] . 49.893. 3813. 302.125 03 today after a nation-wide survey Ln 118.715 97 833 305-435 31 | Lhat rice crop prospects were slight{ly unfavorable but were not likely not 5 000 | 10_cause a food shortage.

7.824.226 98 INDIANAPOLIS TUEARINY . | Clearings 824 | ; 1%] Debits | Se 368.000 It was estimated that production | SOUTH BEND, Ind. Aug. 12 (U. 3 {would be about 5 per cent under | (normal. The reduction was at-

[these two lines, a 24-inch line {would be built to the East Coast! with a daily capacity of 250,000 { barrels.

——————— ese tetera,

registraclass 38:

4» BUSINESS AT A GLANCE! | William Rhodes Davis.

El Paso Natural Gas Co. 12| Mr. Wilson had been vice presie months ended June 30 net income |dent and general manager of the after Federal income taxes $2,277, 236 company and an officer of various equal to $3.16 a common share vs.|companies of whirh Davis was the $2,419913 or $3.85 a share preceding directing head. 12 months. Mr. Wilson stated that the death Household Finance Corp. 6 months | of Mr, Davis would cause no chang. ended June 30 net profit after Fed-|in the relations heretofore existing eral income and excess profits taxes|between Panhandle Producing &a $2,709,153 equal to $3.07 a common | Refining Co. and the companies share vs. adjusted net profit $3,037,- | with which Mr. Davis was assoe 844 or $3.51 a share year ago. ciated. Interchemical Corp. 6 months ended June 30 net profit after Federal income and excess profits taxes $696,468 equal to $1.73 a common share vs. $572,091 or $1.30 a shara|y year ago. Interstate Hosiery Mills, Inc., 6|months ended June 30 net profit after Federal income taxes $132,742 equal to $1.39 a share vs. $156,499 or $1.59 a share year ago.

Kansas City Power & Light Co. 12 months ended June 30 net income after taxes $3,6'75,486 equal to $6.54 a common share vs. $3,833,421 or $684 a share preceding 12 months. Pacific Tin Consolidated Corp. June quarter estimated net profit after Federal income taxes $169,000 equal to 15 cents a share vs. $218,000 or 20 cents a share year ago. Standard Cap & Seal Corp. 6 months ended June 30 net profit after Federal income taxes $163,552 equal to 36 cents a common sharé vs. $169,750 or 39 cents a share year ago. Superheater Co. 6 months ended June 30 net profit after Federal and Dominion income and excess profits taxes $754.954 equal to 83 cents a share vs. $510,638 or 56 cents a share year ago. Tennessee Corp. 6 months ended

Gypsum Lead

Pwr & Lt | Sup Penn. . Sup § pres | Natomas ‘ INGE aati | Neisner pf .. is 2 | Newberry .. ... 39 Se Newport Ind 3 3% Newpt News Sh Hq iN Y Central

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Muncie Prater works 5s 3 N Ind Pub Serv 33s 69 N Ind Tel 4128 55 “id Pub Serv of Ind 4s 69 Pub Tel Co 4'as 55 04 Richmond Water Works 5s 51 100 Trac Term Corp 5s 57 70 *Ex-dividend.

STUDEBAKER JULY SALES SET RECORD

500-1000 pounds Common— 500- 200 pounds Calves (steers)

Good and cholce— 300 vounds d

185081280 Cont ® Cont

~ oy Cd IY 1D NSD ’

Expenses

:@ie.ss Qont Receipts =

{Cont )} | ent pReld Steel . [email protected]| Corn Fx Bink am— {Com P 500 pounds down 823@10 0 Corn Prog pf

SHEEP, LAMBS (Receipts, 2200) 2200. a Lambs (spring) Crane Co evo. 19 Good and choice

25 Cream Wht T 3; gn and good Sowh Cork 2 ommon

um— 300 pounds down .. Calves (hetefra)

Good and cholce— $00 pounds down Med!

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INS Amer 53;pt No Amn Avn

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2| Norwich Pharm *|chio Oil & | Omnibus s pf V is Otis St ev 1 pf 53 si Pac A Il Glass Pac Al Fish .

WAGON Up to the close or the Chicago marked today Indianapolis flour mills and grain elevators paid 92c per bushel for No. 3 red wheat (other grades on their merits) and paid 68c per bushel for shelled new No. 2 Yellow corn: No. 2 white Sheiled corng 8c; No. 2 white oats, 3lc; No. red oats, 20.

lr: 17h Dealers Hutual

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE

for Careful Property Owners at Substantial Savings

WHEAT

{ i

{Crown Zeller. 135% 00 Crucible St 490% i Crucible pf 15 35 | Cuba RR pf {| Cub-Am Sug Fai a Tod covet

{

Ewes (shorn)

Good and choice ¢ Common and medium . um .

CHICAGO LIVESTOCK ;

Hogs—Receipts, 13000: weights 240 lbs. r down generally 10@15 cents lower: heavier Cushman 7 butchers and sows mostly steady tec 10! cents off: top. $11.50: bulk 180-240 Ibs. $11.23811 45: most 240-270-1b. butchers, 210.835@1133; well finished 270-300-1b. averages $10.63@11: bulk 330-300-1b packing | sows [email protected]; light weights, $10.20@ 10 £0: extreme heavies $9 and below. D Cattle—Receipts. $300; calves. 1000; fed Dev & Rr A steers and yearlings weak to 23 cents, | Diam ate mostly 13@25 cents lower; only strictly Ph t Vert hoice light yearling holding about steady Disie- Nb x trade slow, comparatively little done | Boul . ™- espect ally on medium weight and weighty | Pa Po me. 3 grassy and short fed cattle; few very liberal supply long | weight and weighty steers East Air Lines top, $1265 paid for long year-; East R Mill .. few Tas? £12 [email protected]; most Jeighty | Bas: Kodak $11. 0@12; largely 0.73@12, | Eaton Mfg eer and yearling trade: EBs ce light | Elec Boat steady. but all others sharing Elec Par & Li decline: beef cows dull at $8 v pwand, | Pw cutters and common beef cows full Steady at $7.50 down: bulls strong tinh sausage offerings sell ing freely to $925; E vealers steady to weak at $13 down: stock E catlie very scarce. ER Receipts: bids on cents Io

steady

3 3.23

Jor GY wh wy ON we.

& — | Pacitie Lig i 15 | Packard +181, | Pan Air | Panhandle ... ‘ {Paramt Pict .. 2 1 vy Para Pic 2 pf - ~ (Parke Davis | pa Im . { Patino Mines .. | Penney * Bean Coal & ©

| Cans Youd | Curt Pub pr pf

EP pir

of wwe

pn pot 1.5 CI

Gp (Dp pot SAR

3 Y : . 65c@$1. Tomatoes program : | Pere Mag pr pt. 5 > is, @8$1. Spinach—Michigan, prog wl Pfeiffer Brew w % . Cauliflower —Colorado, crates.

ed { under Jos full feathered 15c¢; ae: | month. Paul G. Hoffman. president, {2 lbs. and over, 15¢c: No. 2 Leghorn rie EXPANSION PLANNED June and 1,575 in July last year, butterfat—No. ‘LY | facturing Co. announced today that{ The company's sales for July, | Enel s Dodge 3 Carrots — California, crates.! Two buildings will be erected near{ For the first seven months of 1941 co corp ..... Lettuce—California, crates, $3.50@ % | Bh Morris

LOC AL PRODUCE |P.) .—Factory sales of Studebaker wig | : = 3%! Heavy breed colored hens, 5 Ibs. and|tributed chiefly to adverse weather | Cars and trucks in July rose to the + i; : 8 ~ [Isjover, full feathered, 17c: heavy breed: pens, ;| conditions last month. {highest level on record for that % | heavy breed hens, 12¢: Leghorn TIN No. 2 Leghorn hens, 11e; springers, Barre reported today. and “White Rock 1c: Leghorn ringers. or Hoffman placed July sales at ers 2 me and over. 12¢: cocks, | BY WESTIN 0 E 4,633 units compared with 14, 564 | ees i 6'5@27c; No. 2. 35@35%%¢; | erat Ny He? “No. > 33¢ GH Us (when the plant was partially shut ere pickup prices quoted by ihe wad- | PITTSBURGH. Aug. 12 (U P.)— |down in preparation for the new a: | Westinghouse Electric & Manu- | model changeover. 1 {fenh | Cen “is 2 2 EE ) PRI EB imi i he 13(Penn RR... 00 2 3 ia TR 12 (U ul \ agitate: it would begin a $1,000,000 expansion added, “were limited primarily by 12 | Bepsi-Cola 3 : at its Trafford City | the ability of the factory to produce | foundry within two weeks. from parts and materials available.” TRY ates California, crates one |the present building. Construction | sales aggregated E, 143 units against 1 3% Phillips Pet 7 . see. bu. $1. Onions (50-1b. sacks) —Tilinels | is scheduled to be completed in|63,361 a year earlier. on Phoenix H pf . Yellows, 60c@$1: Kansas Whites, I: | December. EE fai Ste

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- 2 Washington Sweet Spanish. $1.20. |

| wn tox tes cnee DAILY PRICE INDEX F. D. R. LIFTS BAN ON NEW YORK, Aug. 12 (U. P.)— HEAVY SHIP LOADS

Tex Bac. LL T . | 37 3a hod Sa ® Dun & Bradstreet's daily weighted Th price index of 30 basic commodities| WASHINGTON. Aug. 12 (U. P.).— compiled for United Press (1930-32 president Roosevelt has signed a proclamation for the emergency the

average equals 100): Yesterday... ‘loadline convention of 1930 to permit Week Ago ....ciiiiiiiiiie. 14280) American ships to carry heavier ann ABO ciiciciiens 140.23 loads on international voyages, thus 1641 High AGE eventos 130 increasing shipping facilities. 14] ar Fe ca 123n3| The action was revealed by Seci 3) {retary of State Cordell Hull.

ARBRE The convention, signed by 36

| Pitts Stl 8 :o 3 —_ 3 {Poor B .. ‘i V ‘ies “4, | Postal Tei pf.. 1 10} h — >| Press Stl Car... : Procter & G Wy, | Pub Serv ‘ed ® Pub Serv R PEL ** | Puliman (i y; | Pure Oil . ‘e i Quaker St Oil

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2000; low. most early lambs weak to 25 2 kind fx all ly ar ound $11 50. few sales good and weights, $1125G 11.50: fat { head light native ewes, ales, $3 73@G¢7S

OTHER LIVESTOCK

FT. WAYNE Aug U.P) _Hoss—

Se '% | Trns& West 20th Twin ®

142.06

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GULF ADDS THREE piRECTORS | I powers, limited the loads of

PITTSBURGH, Aug. 12 (U. P) — | ordinary merchant craft to 94 per the Gulf Oil Corp.|cent of the usually recognized safe

June 30 estimated net profit after Federal income and excess profits taxes at present rates $730,126 equal

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United Crp United Drug s{Un El Coal

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(have elected three new directors to|capacity. Lifting the ban is exincrease the membership of the pected to be particular benefit to board to nine. Those elected were | tankers carrying petroleum prodJ. BEB. Nelson, H A. Gidney and | ucts between the United States and Alan M. Scaife, all members of the'the other American Republics as corporation's finance committee. well as to Russia.

CHANCE TO SAVE!

to 85 cents a share vs. $652,088 or 76 cents a share year ago.

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$7 FAYETTE Aug. 12 /U. FP.) Hoe 200 Ibs.

years

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1.53 ings. air Robt pf A Gar Wood Ind Gem £10.80G 11.25: 230 to

[iy Inv $16. a 10. To: i025 4d Gen B jo . pigs. $10.23 down: Joughs, $3 25 down. Cal ies £11.350@ 12.50; | Gen lambs, $1030@11 Gen

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Newton Todd

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MARILYN FURS

A Better Fur Coat for Less Money!

2440 N. Meridian St.

SAXOPHONE Instruction

Per Lesson

Vadsco Sales

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INDIANA MUSIC CO.

115 E. Ohio St. LI. 4088

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BUY DIRECT! Why can NATIONAL sell glasses so reasonable? That's easy! A large sized factory coupled with tre-

mendous purchasing power and home owned outlets results in a lower overhead and cheaper prices to you.

REPAIRS

lenses duplicated, frames repaired and reacen Oculist’'s preseripjons flled. Lowest prices, y. Washington St. a2 . hd og Sat. Eyes. |

Stores in Principal Cities FOUNDED 1897

WASH SLACKS

Plain or Pleated Sanforized Fabries

$1.50 & $2.95 Leon Tailoring

1st Block Mass. Ave.

COMPLETE GLASSES

Here is a chance to make great savings on vour next purchase of glasses, Think of it, you may buy these beautiful TORIC lasses complete with ‘“Goldjled”” mountings that are suitable for either FAR OR vision at our new low factory ice. All glasses ground on Pe

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Convince vourself by actual test at our Hist, this is the biggest barga u ever had. Perfect ani guaranteed, or no cost.

«| Square Sis B Bands Std © . Std Ol Cad Si oO NJ. {Std Oil Ohio .. Starrett I. 8. ... 3¢ Sterl Prod .... Stew-War Stone & Web .. Studebaker Sun Oil . Lx >anshine Min... Superhtr is Superior Oil .. Superior Sti |... ‘Suth Pap | Swift & Co i Swift Intl

9999000990t aoo Very ror

: FREHLEY

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Lowest Prices

Credit If Desired No Extra * Charge

- -

LOW PRICES

CEES

198 BARGAIN PERMANENTS Croquignole Steam, Of) Permanent, complete with hair cut, shampoo, push-up wave Sha ringlet

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12 2's 2 53% 207%

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WASHINGTON PARK

MAUSOLEUM Washington Park Cemetery For Information Phone IR-8383

Indianapolis Bond ond Share Corporation $18, 18%e J 1%

14%; 37 152

Yellow Tr no Sons Stor.

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