Indianapolis Times, Indianapolis, Marion County, 14 August 1941 — Page 20

ed THE INDIANAPOLIS TIMES

FINAL NEW YORK STOCK QUOTATIONS

By UNITED PRESS

sl - ’ Net DOW-JONES STOCK AVERAGES High Low Close crane | High Tow d ou High 30 INDUSTRIALS

THURSDAY, AUG. 14, 1941 Air Express Gains Here

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By ROGER BUDROW

THIS DRY SUMMER WE'VE BEEN HAVING is likely | Allied Stores o¢ gs

: Allis-Chal 93 to stir up some agitation again that something be done about Amers do Ca “ the water situation in downtown Indianapolis. #2 2% Ble

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: “ 54 54 Ss — Vs|Un Stores A ..15-16 15-16 15-16 .... Abbott Lab .... 54 oa . . Monsanto 1. | Vadsco Sales .,. 2 2 csee lo /, Bi Bee wu Year ALe ....o..:csus ree. 123.04 0.79 35:4. 20%. 20% ¥| Victor Chem"... Allegh Corp ppf 19% b Va IC&C pf ... 301 Munsingwear 20 RAILROADS Srohe pb Myers & Br .. 44% BINA i 2 IMonth AZO coveverrenceness 20.41 Nash-Kely & High (1941), 30.88: “Lows 26.54. Net Aonuen. oi Warner Bros P 82% Yesterday .....ccovneenteences 18.31 Year Ag0 ..:...vv.s ares 21.84

Bor a wes Yesterday o..vveervercersess 105.95 —016 MO-E Te xpf.,. 2% 2% a3, s=Vau : nliq Adams Exp .... 7% Week AZO .....ceeceencenenes 128.09 —0.01 Monsanto pf A 117 117 — 4 ’ Water Table Under Indianapolis 5m: wi es 22% MOnth AZO +.eevvevrsesverss JZT04 —0.69|Mont Ward ... 32% 32% 32% + %[yijadhm ..... 3 ¥ ‘5 » . Alaska Juneau.. 41; E , : Is Sinking Faster Than Average Allegh Corp ... 1-16 High (1941), 133.59; Low, 115.30. : 2 i 13% Va-Caro 6 pf ... 25 35 Ya : 1 i 1 3 Alleg C pisoww g's High (1940), 152.80; Low, 111.84. Mullins pf .. i 65% 68; —'n Ds } Murphy pf .. 112 Wabash ...... . 3-16 3-18 2 1YESIerday ...csecesacscnsens 29.86 uITay A Week ABO sccecrcssirnssncse 30.18 —N— 14 sue 3% 5% > Year Ago . 2643 , 3 CN oo Bt L. az + Ward Bak pf... 184 : : oh : Warner Br of, n High (1940), 32.67: Low, 22.14. J DIPUE ou 10 0 [lll |Warren Br opt 11% 15 UTILITIES t E&Y of Week AZO ......o0ce0c0sseees 18.72 Month AZO «..covstvcsncenss 18.53 High (1941), 20.65; Low, 16.82. High (1940), 26.15; Low, 18.03.

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BUSINESS AT A GLANCE

By UNITED PRESS July Corn Grind for products going into domestic use 7,850,233 bushels vs. 8,569,750 previous month and 5,123,031 year ago. Finance pt iE bie = Allied Kid Co. fiscal year ended P G & El e253 3, . June 30 net profit $670,332 equal to Cg Fin tous 2 : $2.62 a share vs. $333,512 or $1.26 a Packard vi 8 3 3 ...... |share preceding year.

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Ohio Oi Olivgr Farm Eq Oppen Coil .... Otis Elev ...... Otis Steel 4... Outbrd Marine. Owens Ill Glass

3375093

> Coast 1 pf Revenue from air express shipments from Indianapolis the first half of this year has gone up‘60 per cent over the same period last year, according to American Airlines’ manager Norman Hess. A great

portion of this is due to defense business, he said, as aircraft and

FEE ER EV)

Lighter weights were unchanged|a

in price from yesterday. Today's

'top was $11.55 for good to choice 2

1200 to 210-pounders. An estimated 1600 cattle were received, 500 calves, 6000 hogs and 1500 sheep.

Armstrong CK. Asso Dry Gds.. Asso Inv Asso Inv pf ... Atchison Teves @ Atchison pf ....

Atlas Sop a Atlas Ta Aviation Corp |

wR anna 5 pf .. 12 102 arb-Walk ... ayes Mfg .. ecker Prod

tos 30

Homestake ..... 48% Househd F 48 ues r of . 100% Jousting Of .... 4% Howe Sound . Hud Bay M&S.. 20 Hupp Motor ...,

Phelps Dodge ..

Pariffine Co ... Paramt Pict ... 8 104%

2s 1%

. s Pathe Film ... 133; Penney .....uss Penn RR ....... Pepsi-Cola ...s. Peoples Gas .... Pere Mqt pf .... Pet Corp Am...

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31 net profit $447,946 equal to $1.48 a common share vs. $397,563 or $1.29 a share year ago

come taxes but before excess profits $2,708,965 equal to 95 cents a common share vs. $1,203,133 or 41 cents a share year ago. Louisiana Land & Exploration Co.

Best & Co. 6 months ended July| engine manufacturers, tank building firms and plastics producers are

the leaders in air express shipments,

Greyhound Corp. 6 months ended WHOLESALE FOOD June 30 net profit after Federal in-

& Defense

HIGHEST SINCE '23 | B, Quiz 8

NEW YORK, Aug. 14 (U. P.).—

Q. Can I redeem my Treasury Tax Eavings Notes for cash?

A. Yes. Series A notes can, at the

Philco Corp ... Phil Morris ... Phillips Jn§ «...

O23 CI N31I00 4

2 [June quarter net income after Fed-| Wholesale food prices in the week >leral taxes $299.803 equal to 20 cents|ended Aug. 12 rose to the highest

a common share vs. $221,056 or 9 . ; Slounts & dhove yer ago, general level since October 24, 1929, option of the owner, be redeemed at

Pacific Public Service Co. June|2°c0rding to the weekly food index the price you paid for them at any quarter net income after Federal compiled by Dun & Bradstreet, Inc.|time without advance notice. Series taxes $299.803 equal to 20 cents al The company’s index of 31 basic|B notes can be redeemed at the common share vs. $221,096 or 9 cents | food commodities advanced fo $3.21 price you paid for them any time a share year ago. {in the latest week from $3.19 in the after 60 days from the time of Philco Corp. § months ended June previous week and compared with |issue, upon 30 days’ notice.

30 net income after Federal income Lin in the corresponding 1940 Q. Where can I redeem them? and excess profits taxes $919,108 : rv % oqual to &7 Loo a Common sharel The prices of flour, wheat, comn,) A. Al Hie Federa] Resorve Bank \ land Cr Coal.. 32 Pre OS pf vs. $519,394 or 38 cents a share year IVC: Mess pork, hams, cheese, cotton, | that issued them, in accordance with It was that time this Good— y Bon Ami B PATI re 1h Purity Bak .... 118 # 3 AE ? v |sugar, peas, eggs, molasses, raisins Pag ucsions on the back of each ha 380- pounds kus Tonal Ll Vs =" nr Sei ces e 7 i ; note. Ag SS ei Da a u 400- 450 pounds Borg-Warner ? . 3% oi fdones & Lgh . 237 25% Quaker St Oil.. 12 Vulcan Detinning Co. June quarter and sheep Were higher. Oils, harley, much.

Airlines The situation, due to the large number of wells and the ar lack of rain, is becoming serious. The Federal Government am is completing a survey which will probably recommend cur- 4m tailment of present well pumpage downtown or a ban on EB Gis Sr 31 drilling any more wells. nm & F Pw The water table is going down all| 4 | Ase pur 31 oi gt 2, 2 wero : Net > id 7 High Low Close Change _over the state. It went down about f 0-CENT GAIN 50 : Wood Ind.. 4% 4% + ‘one and one-half feet in 1939, two Am i 3 8 , Baking ... 6 6 bs : feet last year and probably will be fs SE MADE BY HOGS But it is going down faster in i the business sec- 4 tion of Indian- ia apoliswhere Top Advances to $11.55 as 2” stores and fac- " . 2234 tories have their] 6000 Porkers Arrive Sate Sabor 1812 own wells, A A 93% mbel Bros 81a A : good many Arms At Stockyards. an i ARS have had to drill * lam stl Faies . oodrich pf .. 67 er their wells deep- HOG PRICE RANGE Am : oodyear ..... 13% Am oodyear of .. 85% er in order to! Top Receipts |Am stham Hos . 17% get enoughlang 4 ..iccveiiiiienen SILT Te} Am Sulfat .... 194 Br ve ly 18 water. Others! Aug. 5 cve.essesnassesssess 11.55 7.500 | Am “ 3/4 4 s Gand Un xcts Ba Roger Budrow "= buying AUZ. 6 «eeeerereerrensensss 11.30 6,000 Am Tob B .... 70 i % Granite C Stl. 2 “water from the Indianapolis Water Aug 7 .ccccieeceeecineees 1145 3-200 Am Water W.. 4 5 + Grant pf .... 24% "Co. The Water Co. is lessening its Pov : “Sentbupuivetisisces 1s yd AT Woolen 4 tN Qe ils dependence on well water by build- Bus Ho tea Lh #500] AM ZINC 6 t est Sug’ i ing a large dam up- on Fall Creek iy 18 ooo ensthvhas 140 6.500 Anac Ww 2 Te Il'ivy|Green HL ... 35 near Oaklandon. lang. 18 siiiininiienens . 11.45 4.300 scose ... 26° ; i ove. jOTVING Cp... 12 ‘Der ... 1 ! rmn Afr B . ifn C. L. McGuinness of the U. A ND Pen ruin iC ? | Guant Sug ... 2% Interior Department geological sur-! prices on hogs weighing 160 Armour Ii a 5 ) if Mo X 0; Lo vey points out that although the pounds or more sold 10 cents higher | Armes x” air-conditioning systems aggrevaté at the Indianapolis stockyards tothe situation because they use so |day, the Agriculture Marketing much water, they aren't as much to! Service reported. Ei» a blame as the public generally thinks. About 40 million gallons a day are pumped within three miles| of Monument Circle, five million gallons of which is for air-condi-| tioning. Incidentally, the ground water is warmer downtown than out at the edge of town. Mr. McGuihness says this may be due to big buildings! and basements with heating equipment.

Wednesday, Aug. 13 Bald Loco ct .. 15% 15 4 Central ... ROGS of3 & St re i : i ees. jm ; ART Bangor & Ar pf 31% /a 8 In : 2 Pins XE ih Barber phat, 9% 9 ls ais n 28 - %|pitts S60 en Borner "Pres 81a ©: |Inspiratn Cop hws itis x Boron] nl / Interlake Ir ... 8% s Pitts Stl pf 0|Bath Ir Wks ... 21% Business M153 iis Si Pt Beatrice Cr ... 26% Harvest]: B B -

Beld Hem Ta Senay 2 sh 3 en In oan. n 0a 10.65 ken Ind In pf. 3072 t & hon [email protected] | Beth Steel Beth Steel 7 of. 1388 Bigelow San .. 31 Blick & Decker. 330s Blaw-Knox .... Y Boeing Air

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much because it would be ab- 300 360 Pounds sorbed by the crops. The time for replenishing the ground water is BS kior § after the frost has thawed from & acking hows : 00d and Choice= the ground and before vegetation | 270- 300 pounds

. 300~- 330 pounds grows enough to demand much | Soo 350 BIURES moisture.

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i50: £50 Bonds : ee 8 101 B0ckon &. Me ese Ph BB ] , cocoa, beans, steers,| Note—For complete information Medtum N= > o Sse Bs: . Jones&L 5 pf B 82%; 82 2 net profit after Federal income 21%, Dui oa. Dra: ests about the new Tax Savings Plan, - oun ve ? = ¢ - ’ s : pounds taxes $137,878 equal to $3.55 a com-| © ask your banker or write direct to mon share vs. $137,263 or $3.53 a

Slaughter Pigs as the Treasury Department, Washing share year ago. > DAILY PRICE INDEX ton. D. C. :

a =» = Briggs Mfg .... Medium and Good— i NEW YORK, Aug. i4 (U. P)—

Mark Twain's crack that everybody talks about the weather but no one does anything about it is beginning to have an ironical meaning around here. Unless the weatherman puts on a wet cycle for several years, something will have to be done about it. E = z =

an C Sou 51 aufmann DS . 143, el-Hayes B .. 65 ennecott 38 eystone Stl ... 13% imberly Clk . 30 Reliance Mig Co 13}

Rayonier pf .... Reading Real Silk

[email protected]

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During any day's schedule pause

DO YOU "THINK" YOU HAVE MADE A WILL?

A woman’s will, written by her, read “To my beloved nephew . . . I give full authority to divide my estate, ,as requested in a separate paper not to be probated . Four separate papers were attached to the will. They gave directions concerning the property, but they did not conform to the law's requirements for a valid will. The court held that she left no will. Her estate was distrib-. uted without regard for her wishes. If she had discussed her wishes with her attorney, and had him write her will, this would not have happened. Have your attorney write your will.

The UNION TRUST COMPANY

Capital and Surplus $3,000,000.00 Member Federal Deposit Insurance Repetition

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BOTTLED UNDER AUTHORITY OF THE COCA-COLA COMPANY BY ~

QOCA-COLA BOTTLING CO., Indianapolis, Ine.

THE STOCK MARKET went down again yesterday, the 14th straight decline, measured by the Dow-Jones industrial average. This is the longest downward movement of stock prices since they started keeping records about |, ica World War time. Zs 750 pounds # . # 500- 750 pounds Heifers ODDS AND ENDS: Colgate Palm- | chotce— Cerro de 0 32, olive Peet's new dental and shay ing | 05.5% Pounds ..ecvevesesss [email protected] Chan. A 3 cream factory at Jeffersonville will hi, 900 pounds .esesevcesses [email protected]|Ch cost around $500,000. . Sand bags| “50! S00 BOREAS Luririavis BTSDIDSD (U. S. uses 100 million a year) will Comm probably be made of cotton since 500- $00 pounds arses 7.009 8.75 | C jute imports have been cut off, Cot- a ton Textile Institute belviees. iia. State Bank of Amboy, Ind. has] Gutter aid 65 common ceirernaes joined the Federal Reserve System. oa : Ee « « « Vitamin tablets cost more to make now because Japanese cod Be zliver and European sardine extracts Sete | Um Cluett Peab gt ‘are no longer obtainable and fish cil th abunniish : Cluett Pe 5 Bouid ALD g prices have gone up. ¥ Colgate.B- Ba Spencer K . = Col & Ai ead Corp Sperry Corp 3 Col Broadcst Melville Sh Spicer Mfg ¢ Broad B.. Mengel Spiegel Inc ... $ Mengel 5 pf. . Spiegel Inc pt ! Neen & Min. Square Daf ..} : i] Feeder and Stocker Cattle Mident on ie ; ¥ Srapas SUBCONTRACT UNIT Steers Sy uh OF 95 C NElad eers Minn-Moline Cholce— Com & So pf. 59 Mission Corp .. 1350 13s 500- 800 POUNAS [email protected] Comwith Easton Bh Pp 5 { WASHINGTON. Aug. 14 (U. P) §00-1050 DOURAS ...ueevesesss 10.00G11.00 ERp-Naimn ue. L 1 St —The Office of Production Man-|"500- 800 pounds ............. [email protected]|Con Co > Binies” a OCAL ISSU ES Sd 0 agement’s Defense Contract Serv- Bo iaio0 POURGS. suuveservisns D.Z5QINIE HBR BAlban PF. 100L, Wednesday, Aug. 13 Ney hy ‘jce was reorganized today Im a | 550. S000 DOURES wens veetraves 8.75@ 9.50 cons Loundries. 2% Nominal quotations furnished by loca) Stone & ‘Web e 1 cour s T 2 | Soo 500% ! ni iati Studebaker . move to encourage subcontracting | SoMONT as : 7.50@ 9.00 unit of National Association of Securities |S 10°P%" 2 to small manufacturers to bolster Calves (steers) Dealers. Cle Supe Wi {lagging defense production and |geod and chotce— Cont Can ...... 36% ' — "1s | Agents Finance Co Ind com. Bt a SN iy il : provide jobs for displaced non-| (300. bounds down ...........s 10.50012.50 cons Ios, 2 3: Agents Finance Co Inc pfd... 20 .. |Swift Intl defense workers. 500 pounds down ............ [email protected]|Copweld Eteel .. 157% 2 3 Belt RE % Stk Ti ‘ora 2 Siig: gay « The change was ordered by Calves (heiefrs) Com Ex Bonk... 434 : ® |Gentral 1nd Pow 7% «OPM Directors William S. Knudsen on" and Share YSREBIL.S) Cot y Inter 3 Siele, Theater : . 11 A 2 Oo rv pounds OWN ..eeveesnsns rane and Sidney Hillman and Secretary | Meares @ ne Seve vv 4 | Texas Corp Find 4 of Navy Frank Knox and Secretary | 500 pounds down ............ [email protected] Cream oy . BA 3Tre 1% vid, Texas Gul 2 ; 1} #1 own elier .. . 7 > 2 Of a Men? I Summ SHEEP, LAMBS (Receipts, 1000) |Crown Zeller pt nd & ls Be 9 ota Texas & Pac... . The DSC, it was said. was re- vs (SpA E) Crucible st Tas Pa re A or wid Thermoid __.... moved as a section of the OPM iG.oa and choice 25/67ba RK Rol 1. A Te Ug s . Thome Sha oi production division and set up as|Medium and good . .50 Cub-Am Sug ... ndpls P&L com. ety i ¥ A Oil “an autonomous bureau. Respon-|Common . 091 Clneo Hs 5 ndois Water 54 odo: ible only to OPM, it will keep a] EW (Shs) Curtiss-Wr Ta an i 03’ hawt . . Perso neo | GOO and choice . .75(Curtis-Wr A. snc Nat Life Ins eom bt constant heck on ¢ SuLCOolI 1tracting !Common and medium 25 | Cutler-Ham Nd ou Serv ST wid’ 7 methods and will, wherever pos-| a N Ina Pup Serv 3:7 ed 103% sible, i : mandatory subcon- N Ind Pub Serv 7% pid i rogress Laundry tracting in defense con- EASTERN GASOLINE So, 1nd G&L roa he tracts if voluntary methods contin- | Des yd Yi a Pub Serv Co of Ind 6 pfd... 62 65 ‘ue to fail. RESERVE INCREASE |B Lac = 5 ; % .... S00 Sery C0 Sue” pid...127 130 The move was prompted by esti- Ba 2 a Terre Haute Eveo 5% fd... 1 1 S v nion Title Co _ mates that several million workers| NEW YORK, Aug. 14 (U. P) |e M pf Van Camp Milk pid. . *2 in non-defense industries would be { Reserves of gasoline along the East- Dist Seag .. .- Van Camp Mlk com 13 { unemployed next vear through | ern Seaboard increased by 248.000 Douglas Airc... Ss. Wire onan” vi i € ens . n y - Ss LR . material shortages for civilian} barrels last week. the first seven] a Mtg 0 RE A 5 RB} h go - goods. Officials 21so pointed to lag- | days of the 12-hour curfew on retail | Du Pont ei s Amenien Loan 5 s 85 isi 100 i n ewspapers .e {ging defense production. particu- ;sales to motorists. according to a Du Pont pf ....126 126 ig Li LN Qs 92 i 3 * arly where one supplier is at-| | report by the American Petroleum MET : Citizens Ind Tel Vas 61. 3 . S n : tempting to All orders for several | nse. East Kodak > 130% 9 at Crabb-Revnolds-Tavlor 5s a. : companies. The A. P. I report for the week Elec Auto-L ... 28% 2 + 3 Home T & T Ww © Mr Hillman announced that ended Aug. 9 showed reported stocks Rlee Boat... 15% - officials of the agency would meet | {on the Eastern coast of 21,686,000 El Pw & L $6 pf 31 fin Cleveland tomorrow with ex- | barrels, compared with 21,438,000 on Elec RR Dat een 3 Hoffman pf * ecutives of aircraft factories and |Aug. 2 indicating partial success gng Pub 5a Sa 3B ue 8... YS me i. : automobile body companies now |&t least in the Government's cam- | |EoE P83 pf.- ov Yorris 5 & 10 Stores 5s 50. S Leath A ... * assembling planes to determine |paign for voluntary curtailment of Er ne S$ Spb N Th on ora Ooks a 5. a S Pipe & ¥ * what parts can be produced by the | gasoline consumption in the 7! Ere IP, Both : aluminumware industry. The meet- Eastern states. | Evans Prod : ing, he said. would sesk to provide | For the nation as a whole, hoWw- [Erie W o ® ; Jobe for displaced kitchen utensil ever, stocks of finished and unfin- [Ene 3 Ya: : workers and possibly to convert |ished gasoline dropped 757,000 barsome of the 26 plants to defense | rels last week. Total stocks as of | Fair, The. pf... * production by subcontracting. He | Aug. 9 amounted to 86.022,000 a ERR Se = estimated that one <half of the) | rels, compared with 86, 779.000 a week OT * 16,000 workers in the industry al- | ago and 87,681,000 a year ago. ready have lost their jobs. Sr RL 5 N T Firestone T .. IRON AGE EDITOR QUITS |[iTesione Tea | NEW YORK, Aug. 14 (U. P).— First N Strs. |C. E. Wright, managing editor of |Fiorence Stove’ |the Iron Age, today announced his |FodMh cucypf 1 {resignation from the trade publi- Frans Shunt cation to become vice president of |Freanauf TT ON LIFE INSURANCE |the Charles Dreifus Co., iron and ; | steel scrap brokers of Philadelphia air Robt 2% / Wh, oor Our low rates offer savings on present and Pittsourgh. . Gamewell Co .. 3 20% or contemplated indebtedness. Rr ————— Real Estate Logns on Indianapolis ; — | property . Business Loans for We Buy, Sell and Quote: commerciai purposes . loans to i individuals on collateral or per- Indianapolis Power 2 Light Co. sanal security . Come in and Commaon Stock discuss your borrowing needs. City Securities Corporation BANKERS TRUST CO. Y SEC P PENNSYLVANIA & OHIO STREETS «47 Circle Tower—Investment Bankergg—Linceln 5535

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