Indianapolis Times, Indianapolis, Marion County, 15 August 1941 — Page 17
PAGE 17
Industrial Wages Climb
CENTS 80
BIDS FOR HOGS ARE MIXED HERE
Buyers Willing to Pay More For Lighter Weights, Less for Heavies. HOG PRICE RANGE
' THE INDIANAPOLIS. TIMES FINAL STOCK QUOTATIONS YESTERDAY
By UNITED PRESS
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
Yesterday 125.96 . Week ARO ....c.cscesensessss 127.48 —0.61 1 Montht AZO ...ccveenneenns.s 127.69 40.55 ; pith Year Ago . —1.76 i in . 8 7 8% 1.-: High (1941), 138.59; Low, 115.30. S . / : 1 High (1940), 152.80; Low, 111.84,
20 RAILROADS
Yesterday «...cccvcenee eases Week Ago ... Month AZO co.cccvscssncssne
FRIDAY, AUG. 15, 1941
BUSINESS
New Industries for Indiana|a: Would Cushion Post-War Shock
y ROGER BUDROW
CENTS 80
Net Heh Close Change Std Oil N J.. + % Std UA Ohio. . . Lda .
Net Close Change +0.31
stress ssevssnsenn
egh Cor % egh Lud Psi a Alijed Chem ...161% Allied Kid | Allied Mills. . Allied Stores. Allis-Chal ... Alpha P Amerada
8 12 '% ls 1s
Swift Intl ..... Sym-Gould ww Sym-Gould xw.
. 3 13% TY 20,
the]
Eve
30.13 29.44
esssssgestnssece
“alecott J 45
W IF THERE IS ONE THING THE PUBLIC is agreed
upon, in these days of violent disagreement, it is that we are A going to have one whopper of a depression when the war isja
over. I wonder if there ever has been such a business boom as this one which had so much underlying pessimism. Already an organization is being put together in Indiana and elsewhere by the Federal and State governments to plan super-WPA projects to give men jobs and money when the defense factories close down. Possibly such projects will be{am Loco needed again and it’s a good idea to plan them ahead of time rather than resort to such humiliating jobs as leaf-raking.
But. necessary as it may be.’ this}
gs all “storm-cellar” planning. Preparing to weather the storm out, hoping for something else to pull us out of the depression, like the defense program did this time. How about planning for new industries? That would seem like tackling the problem in a more busi-ness-like fashRoger Budrow ion. Indiana's State Geologist. Dr. Ralph Esarey, thinks there are a number of opportunities in this line that have been overlooked. Nylon, for instance. goal or petroleum, air and water. Southern Indiana abounds with goal, petroleum and there is plenty of water in the Ohio and Wabash. Nylon is coming into greater use all the time because of the stilk stoppage and because of its own merits. The du Ponts have nylon plants in the East but none out here in the vast Midwest consuming market. Being located in the Midwest would save large transportation bills. The rock wool industry is another. Already Indiana leads in this with the big Johns-Manville plant at Alexandria, others near Wabash and Lagro in the north and at Salem and Campbellsburg in the south. But there is a strip of rock (the St. Louis dolomitic limestone formation) stretching a mile or two wide and 75 miles down to the Ohio river that could be used to make rock wool.
It’s made of
= »
" There used to be scores of brick factories in Indiana but they have fallen by the wayside. Many are now part of chains owned by big concerns. But over in Ohio they have kept going by turning out fancy pottery which tourists buy heavily. Many think home-building will get a shot in the arm after the war. With prefabricated homes coming in, Indiana’s excellent clay might find a use somewhere in the new style homes.
=
= # »
Coal men in this state are working on ways to make Indiana’s coal less smoky and thus expand its market. What a boon that would be to Terre Haute and that region that still is mired in the depression. Synthetic rubber could be manufactured in southern Indiana. The oil from our own wells and that hauled up the Mississippi and Ohio by barge could be used by such an industry. 2 2 2
All these new industries would require preliminary research. They would need skilled help (universities in Ohio and Michigan teach ceramics—making obJects of clay—but Indiana does not). Indiana's central location in the Midwest was one big reason that a woman's clothing concern of New York moved a warehouse into Indianapolis, thus saving on shipping costs. The same appeal could be used on numerous firms in the East.
Maybe none of these ideas would work out. But planning to try something along these lines would surely do more to alleviate a depression than just getting ready for—and then getting—the worst.
= = 2
ODDS AND ENDS — Railroads killed 880 persons at grade-crossings in first half of this year, most since 1931, Association of American Railroads reports. . Argentina has opened trade promotion offices in New York to boost sales of Argentine goods which don’t compete with U. S. products. . . One large Indianapolis concern has posted notices that if the cost of living goes up 4 per cent more, it will pay a $12 monthly bonus. Charles
Merrill of the Merrill Lynch, Pierce, |10%
Fenner & Beane brokerage house, world’s biggest, used a telephone hook-up to his 93 offices throughout the country this week, to talk to employees about getting more business. . « There is talk in Washington that retail stores may be limited to making one home delivery trip a day.
FARM ADS DECLINE
NEW YORK, Aug. 15 (U. P).— Farm paper advertising in July declined from both the previous month and the corresponding 1940 period, Printers’ Ink reported today.
{THT Dealers ITHTHIE
FIRE—- CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners
at Substantial Saving
Wa. 2456
WILL CURB ON
CREDIT WORK?
It Didn’t When Tried on One
Government Housing Authority.
By JOHN W. LOVE Times Special Writer WASHINGTON, Aug. 15—In its shift from the planned economy to the controlled economy, ernment strikes at the American kitchen, basement and garage, but exempts, for the present, the bathroom and barn. The blow will fall shortly upon the “easy-payment” plans by which the average householder has been accumulating a couple of tons of machinery for living and getting around. Before the week is out the necessary series of meetings will have been held for the launching the Federal Reserve Banks into a field new to Washington agencies, that of regulating installment buying. This activity of the banks is the latest of the 1941 movement by which these banks and their branches, in some 35 cities, become the community FOCI for a varied assortment of Government activities. The kitchen and basement of the American home are subjected to the new type of control because these rooms have been taking refrigerators and washing machines from the factories in competition with armament. The garage, which is also competing with armament, suffers in two ways: The supply of new cars will be affected directy by the all-out priorities for steel announced this week, and the customer’s ability to buy cars will be reduced by the forthcoming regulations on installment buying. The bathroom is omitted from the regulations at present because nothing is being done to curb the financing of homes. The barn is exempted because farm machinery is officially regarded as being for “productive purposes.” It will be news to the housewife that her washing machine is not. The rules are obviously being laid down by men. Autos Top List
These installment regulations, it is becoming clear here, will be highly selective. They will pick out the conspicuous items for regulation first. Automobile installments will be at the top of the list, not because of alphabetical order but from the fact that they soak up half the installment credit now available. Automobiie dealers are said to be the most nervous, electrical-appli-ance dealers next. Both are specialized in their fields. Department stores are not complaining, nor are the mail-order houses, for both groups sell varied lines of merchandise. What they lose in one department they should make up in another. The specialized dealer
{may be in a tight spot, like the spe-
cialized small manufacturer in the metal-working industries. The Government itself runs a middle-sized installment house, kncwn as the Electrical Home & Farm Authority. agency anticipate that they will raise their requirements as soon as the rules are worked out for installment payments generally.
Stiffer Curb Expected
The EHFA has about $18,000,000 worth of installment accounts outstanding on electrical and gas ap-
owners. These have mostly been financed on down payments as low as 5% and on terms as long as 36 months. Six weeks ago the agency raised its requirements to % down payment as a minimum and shortened the time to 30 months as a maximum. The significance of this revision was missed at the time. It is anticipated, however,
be stiffened further, a hint that the terms on most applicances will be shorter than 30 months. A number of dealers anicipate 24 months. The changes in EHFA’'s installment terms brought only one squawk from just one dealer the country over, and did not noticeably reduce the amount of installment business done. For this reason, among others, there
ordered by the Federal Reserve Board's new office may not suffice and that further increases in down payments and shortenings of terms may be required.
GREYHOUND PLANS TO BUY 2 BUS FIRMS
NEW YORK, Aug. 15 (U. P.).— Stockholders of Southeastern Greyhound Lines will meet on Sept. 19 at Lexington, Ky. to vote on e plan to issue new second preferred stock and to acquire the Union Bus Co. through an exchange of stock, the company announced today. The company also announced that it contemplates the acquisition of the outstanding capital stock of Dixie Coaches, Inc., for $46,232 and 6300 common shares of Southeastern Greyhound. Sufficient shares of stock are said to be authorized to complete this transaction.
WAGON WHEY to the close or the Chicago oury Indianapolis flour mills and elevators paid 94c per bushel for xd when er ae on gr
ks
TLE rR
Officers of this|g
plinaces sold to home and farm |g
Am Airlines... Am Bank Note
Al om Ag Crys Sue Am Enc Til... Am-Haw SS.... 35% Am Hide & L 33% Am ag Pr 0%
Am Mach & bei © Am Metal .. ... Am Pwr & Lt .. Am P &
pf..165 Am Roll Mul ot Am Roll M cv pf 61% . /8
Am Sugar Am Sugar pf .. mT&T 1
Am Am Am Am Am Am Zi orn Anac W&Cable. 32 AmMT& TR W 1% Am Viscose ... 27's Am Viscose pf. a Armour Ii e 45% Armstrong Chis Artloom .... Asso Dry Gds. . Asso Inv pf .. Atchison Atchison pf ...
vthe Go Al Cau
Atl Refining ... 22! Atl Ref pf A.. Aan Corp Atlas Corp pf.. 04 Aviation Corp..
3ald Loco ct... 15% 3alt & Ohio ... 43 3alt & Ohio pf. 8 3angor & Ar . 7% Bangor & Ar pf 32 Barber Asphalt. an Barker Bros 82 Barker Bros pt. 2% Barnsda 9% Bath Ir Wks. Bs. Pkg ..
115 7%
3eth Stl 7 pf.. 3igelow Sa an Slack & Decker Blaw Knox .... 8% oeing Air .... 173% Bon Ami A .. 98 Bon Ami B ... 44 Bond Stores ... 22% Borden 20 Borg Warner . Briggs Mfg ... Bklyn-M T .... Bucyrus- Erie Budd Mfg .... Budd Mig pf. . Budd Wheel Bullard Bulova Burroughs . Bush T B pf of Bush Term Butler Bros pf.
695% 122% 93 22%
Cal Packing ... Callahan Zinc. & H.. Wy..
Calumet Campbell Canada Dry .. Canada So .... 35 Can Pacific ... Cannon Mills . Carriers & Gen Case J 1 Caterpillar T . Celanese 26 Celotex Cent Foundry . Cent Viol Sug. Cent Rib of a: Cerro de Pasco Certain-teed Cer-td 6 pr pt. Champ Paper . hes Corp .. Shes & Ohio Ches Chic E Chie Chic Gt W Ry ChicGtWRYy 5 pf Chi Mail or er 6% Chi Pneu 1814 ChiPnTool I pt 4 Chi RI & P. Chrysler City 1 & F City City Inv Cleve Graph Br 28% Climax Moly Co 402 Cluett Peab .. 36's Cluett Peab pf 141
Col Col & So 1 pf. 23, Col Brosacast a 157% Column Gas ... 27 Col Gas pf ... 65 Col Pictures 63a Col Carbon «ey 81 Com Credit 22% Com Cred cvpt. 198% Com Inv Tr ComInvTr evpf 10414 Com Solvents . 10% Comwlith & So. 7 Comwlth So pf. 60!2 Comwlth . Cong-Nairn . Cons ‘Aircraft. Cons Cig prpf. Cns Cop Mns .
Cons Ed pf .. Cons Film oi..
Cont-Dia F.. Cont Ins Cont Mot Cont Oil Del . Corn Ex Bk 4314 Corn Prod pf. 178% Corn Pro 0 Crane oo ol Crane Co cpt. 1012 ream wi o.. 11s osley Cor a Crown. Zeller - 134
C Curtis Pub . Sr urtiss-Curtiss-Wr A. 2T%
Davega Strs ... Biers & Co....
that these requirements will have to Br Sea
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Du Pont
Fast Air Lines.. 28% ill 3%
is a feeling pau! here that the initial changes to be Erie
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.
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67% 31% 8
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8
SELINE Za58 FRESE EEREE Ea
+:
Year Ago
Yesterday Week Ago ...
Pl]
. .
ry
Year Ago
High (1940),
Month Ago ...cc.... [a
26. High (1941), 30.88: Low. 26.54. High (1940), 32.67; Low, 22.14.
15 UTILITIES
18. 21.
High (1941), 20.65; Low, 16.82. 26.45: Low, 18.03.
17
54 50
V+: +
+
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Pac Coast Pac Coast 1
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11% 67%
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Ralamazto 3% 9%
19 37%
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10% 14% 37% 16
at 145% 377% 16 wn Zenith Rad ... 124 12 Zonite 17 17%
Yellow Tr Young Sheet ... Young Stl Dr...
BUILDING AWARDS
BELOW LAST WEEK
NEW YORK, Aug. 15 (U. P).— Heavy engineering construction awards this week dropped sharply from the near-record total of the previous week but aggregate awards for the year to date reached a new all-time high, the Engineering News-Record reported today. Total awards this week abounted to $91,586,000, a drop of 61 per cent from the previous week’s figure of $233,581,000, but were more than double the corresponding
s | volume of $45,305,000.
Aggregate awards for the year to date were $4,125,233,000, the best for any comparable period in history and on increase of 112 per cent over the corresponding 1940 period.
FREIGHT LOADINGS AT SLOWER PACE
WASHINGTON, Aug. 15 (U. P). —Revenue freight loadings on the nation’s railroads in the week ended Aug. 9 declined from the preceding week but were the highest for the period since 1930, figures released by the Association of American Railroads disclosed today. Loadings for the latest week were
Z|reported at 878,549 cars compared : with ©83,065 in the previous week
and 727,073 in the corresponding 1940 week. The decline was contra-seasonal but less than expected in trade quarters. It was said that the decline reflected lack of steel scrap, which caused a slow-down in industrial production, therefore re-
i | ducing freight shipments.
*| BUSINESS AT A GLANCE
By UNITED PRESS American Hide & Leather Co. and subsidiary 12 months ended June 30 net profit after Federal taxes but before write-down of $105,063 in
was charged to earned surplus $567,922 vs. $395,224 year ago before a similar write-down of $91,799. Atlantic Gulf & West Indies
months ended June 30 net profit after Federa lincome and excess profits taxes $1,336, 923 vs. net lars $67,007 year ago. Black & Decker Mfg. Co. 9 months ended June 30 net profit $1,233,062 equal to $3.20 a share vs. $704,351 or $1.86 a share year ago. Foster-Wheeler Corp. 6 months ended June 30 net profit after |N Federal income and excess profits|N taxes $487,787 equal to $1.66 a com=mon share vs. $354, 876 or $1.15 a share year ago. North American Car Corp. and subsidiaries 6 months ended June
130 profit before Federal income and
excess profits taxes $259,526 vs. $249 398 year ago. Sterling Products, Inc. June quarter net profit after Federal income
| taxes but before excess profits taxes|c
$2,103, 848 equal to $1.21 a share vs. $2,303,965 or $1.32 a share year ago. Time, Inc. 6 months ended June
equal to $9.29 a share vs. $1,848,278 or $7.84 a share year ago. Universal-Cyclops Steel Corp. 6
if | months ended June 30 net profit
after State and Federal income and excess profits taxes $581,784 equal to $1.16 a share vs. $628,101 or $1.26 a share year ago. Wisconsin Power & Light Co. June quarter net income $432,538 vs. $331,798 year ago; 12 months net
: income $1,769,991 vs, $1,537,789 year|N
ago. San Diego Gas & Electric Co. 12 months ended June 30 net income
$2,014,068 vs. $1,608,83¢ preceding 12 months. ’
2 Avg.
2 | 1300-1500
+ | Chote
1940 Medium —
book value of idle property which | peal
Steamship Lines and subsidiaries 6|€
A 30 net profit after Federal income] and excess profits taxes $2,794,028 }
Top $11.55
6 ceeerecencscececees. 11.30
Receipts 7,500 6,000 4,200 4,821 1,500 9.500 6,500 4,500 5,500
Aug. 5 Aug. Aug. Aug. Aug. Aug. Aug.
sseebr00c0vatterrn
7 ceciesentnncncoteess 11.45 8 ciiesieasssasisssses 11.65 9 L.eciesnscnsceseces. 11.65 13 sieves +. 11.50 12 tiservnncsnnencenss 11.40 18 ciieeccnnnninnenies 11.43 Aug, 11 .... 11.55
e® senses sssanse
Bids for hogs weighing up to 230 pounds were 10 cents higher at the Indianapolis stockyards today, or up to $11.75 for good to choice 200 to
» | 210-pounders, the Agriculture Mar-
keting Service reported. Bids for heavier weights were 10 cents lower than yesterday. Sellers sought higher prices for all weights.
An estimated 500 salable cattle were received, 500 calves, 6000 hogs and 1000 sheep.
—Thursday, Aug. 14— HOGS
140 pounds 180 pounds ........ . 180 pounds 200 pounds “ 220 pounds ......ee0 “ees 240 pounds .. 270 pounds .. - 300 pounds .. 330 pounds . 300 pounds ....
180- 200 pounds Packing Sows Good and Choice270- 300 pcunds .. 300- 330 pounds .. 330- 380 pounds .. 00d--380- 400 pounds 400- 450 pounds 450- 500 pounds Medium— 250- 500 pounds Slaughter Pigs Medium and Good— 90- 120 pounds
CATTLE
Cattle & Vealers (Receipts, 600) Steers
ie. 10] nan 5 [email protected]
[email protected] [email protected] 9.50@ 9.95
essvevsesaves ®eerrssssnaae
esse sessevssa
[email protected] Slaughter
pounds ... pounds pounds DOUNdS siscscenssscs Good— 750- 900 pound pound pound pound
750- 1100 pounds . 1100-1300 pounds 750-1100 pounds Common. 750-1100 |
sescspncernen
pounds . oe Steers. Heifers
Om 500- 750
pounds ...cien.. Good— 500- 750
pounds ........ eeese [email protected] Heifers Cholce—
Coos 900 pounds ie po pounds 500- 900 ) pounds Commo! 500- 500 1 pounds
[email protected] [email protected] [email protected] 7.000 8.75
7 .0 7 5
stv ssen000000
Bu lis (Yearlings excluded Beef— ) GOA vieisittiiiisiriniiines Sausage— Good .... Medium . Cutter and common ... Vealers
Feeder and Stocker Cattle
(Receipts, 400) Steers
ceessenseess $10.25 seescsssssenes 10008
0.25@ [email protected]
8.75@ 9.50 7.50@ 9.00
Cholce— 500- 800 pounds 11.25 800-1050 pounds 11.00 10.50
ood— 500- 800 pounds 800-1050 pounds
oni +00 ) pounds om 500- 300 ¥ pounds
Calves (steers) Good and cholce— 500 pounds dOWN ceceesscss.. edium— 500 pounds down .. Calves (heiefrs)
Good and cholce— 500 pounds down
®eooo00000nee
Sees cssnsncen
[email protected] [email protected]
cesessscsees [email protected] edium— 500 pounds down ............ [email protected]
SHEEP, LAMBS (Receipts, 1300)
Lambs (spring)
Good and gunice Medium and goo Common
Ewes (shorn) Good and choice
R. C. A. ELECTS TWO VICE PRESIDENTS
CAMDEN, N. J. Aug. 15 (U. P). —The R. C. A. Manufacturing Co. today announced the election of Meade Brunet and Jay D. Cook as vice presidents of the company. Mr. Brunet, whose service with R. C. A. and predecessor companies dates back to 1919, will continue his present duties as manager of the engineering products division. Mr. Cook, with 14 years service, will continue in charge of the international division.
LOCAL ISSUES
—Thursday, Aug. 14—
Nominal quotations furnished bv local unit of National Association of Securities
Stocks Bid. Ask
Agents Finance Co Ind com... 7% 9 fgents by Co Inc pfd... 20 23 Belt & Stk Yds com...... Belt ER $ Sk Yds ofd Central Ind Pow 7%
alers.
* 139%
flook Drug Co co 4% Home T&T Ft Wayne 7% vfd. 50 Ind 38% Tel Co $5 pfd 104 Ind & & Wich Eee 1% Piven nde 1s an ha .
Indpls P&L com Indpls Water 8% a vii Indpls Water Class A . Lincoln Loan Co S os Xe Nat Life In
Progress Laundry So Ind G&L 430 Pub Serv Co of Ind 6% pfd.. Pub Serv Co 0% De 7% pid.. Ro Ind G&L 4.8 lerre Haute Eine o% pfd.....70 Union Jitle £3 om cevenesenns Jan Camp Milk iq Qisesstussee Van Camp Mlik c seseses 11
Bon (] Algers. Wins'w W RR 4%s ...100 Mmetican joan ba bs n a merican Loan Cent Newsparers "is 42-81. 1g Ch of Com Bldg Co 11s 6 Citizens _Ind_ Tel 4Y%s Consol Fin Grabb- Reynolds. Taxlor 58 3 Home T T Wavne 6's. ‘108
He ap Wayne 6s 43....102 Cy 7d Co, 3%s 0...:.108
seve
& 10 Stores i Feats Works Bs 6... 1 id Ys 69 .
P v Pub T 4Yas Richmond Water Trac Te Ex-dividen a
LOCAL PRODUCE
Thursday, Aug. 14— Heavybreed Colored hens, 5 lbs. and over, full feathered, 16c; heavy breed hens, under 5 Ibs. full feathered, 1dc; No. 2 hen" bee Jreca hens, 1lc; Leghorn hens, 13c; horn hene, 10c; {rina Barred and White Rock, Ri springers, 2 Ibs, and over, 15¢; Ni horn springers, 2 Ibs. and over, 16: coc: 10c. Son
1, 36%2@3%¢;
orks 8s § rp 88 57.cevucens eH
me
Ne. » {1
%: rm) 35 uttertat—No. 1, No. Em pickup price oted
KNUDSEN TOURS
5 | Wright officials. 5| secretary of War,
%(factory in Buffalo.
**% SOFT COAL OUTPUT
Lid
1932 1933 1934 1935 1936
Advisery Committee.
goods at 62.9 cents an hour.
1937 1938 1939 1940 194)
Industrial wages have gone up steadily since the end of 1939 when the defense program started, according to this chart by the Retailers’ At the end of April average hourly wages in durable goods industries stood at 70.8 cents an hour and non-durable
CURTISS PLANT
Sees 500-a-Month Output Of Combat Planes by First of Year.
BUFFALO, N. Y., Aug. 15 (U. P.). —William S. Knudsen, directorgeneral of the Office of Production Management, inspected the nation’s newest and largest combat plane factory yesterday, expecting confidence that by the first of the year its owners, Curtiss-Wright Corp. would be producing 500 planes a month. As the 2000th fighter plane of the Curtiss P-40 type rolled off the production line, Mr. Knudsen toured the new $18,000,000 plant with Maj. Gen. George H. Brett, chief of the Army Air Corps, Merrill C. Meigs, OPM aviation director, and CurtissLater he joined with Robert P. Patterson, Underin dedication of the plant, the second Curtiss-Wright
Mr. Patterson, addressing more than 8000 employees and executives, said that “in the last nine months the monthly output of combat planes has increased 114 per cent, and the monthly output of other military planes 105 per cent.” Mr. Knudsen, in an interview which followed his tour of the plant, which is equipped with blackout provisions, including emergency power plants, said, “when they tell me they can get 500 planes a month out of here I believe it.” “It can be done by the first of the year,” he said. He reiterated his frequent prediction that by next summer the United States will be turning out 3000 planes a month. These would be of all types for Britain, the U. 8S. Army and the Navy.
'|tion of 220,000 tons in 1941.
Government to
Aid Prune Prices
WASHINGTON, Aug. 15 (U. P.. —The Agriculture Department to=day announced a program for pur= chasing California prunes, designed to stabilize and support prices with in the industry.
The Surplus Marketing Administration will purchase dried prunes . at a basic price of three and onequarter cents a pound for “three district’ ‘fruit, and three cents a pound for “outside” prunes, with differentials for various grades.
A drop in prune prices has been threatened because of the loss of export markets, accumulated surpluses, and an estimated produc= Production in 1940 amounted to 175,000 tons.
California produces about 90 per cent of this country’s prunes. It was said that if the production of prunes. in Oregon and Washington is such as to require purchases, the program will be extended to that area,
U. S. WILL EXPAND EGG DRYING PLANTS
WASHINGTON, Aug. 15 (U. P.). —The Agriculture Department has requested the OPM to provide 30 companies with priority ratings on building materials and machinery to expand egg drying capacity by 88 million pounds a year for Army, Navy and Lend-Lease requirements, it was learned today. Present egg drying capacity is estimated at about 12 million pounds annually. Defense officials said the expansion program was being undertaken principally for Lend-Lease requirements for highly concentrated foods. Priority ratings also have been asked for evaporated milk and cheese production facilities. The Agriculture Department's Surplus Marketing Administration has been buying eggs for drying purposes for several months. Several companies have been designated to dry the eggs. Certificates of necessity have been grant=
SHOWS A DECLINE
WASHINGTON, Aug. 15 (U. P.). —Bituminous coal Draiuciion in the week ended Aug. 9 declined slightly from the level of the previous week but stood 21.1 per cent above the corresponding 1940 week, the National Coal Association reported today. Output in the latest week, as estimated from incomplete railroad carloadings, amounted to 10,350,000 net tons compared with production of 10,500,000 net tons in the previous week and 8,544,000 a year ago as reported by the Bituminous Coal Dvision of the Department of the Interior. For the year to date soft coal output was estimated at 286,254,000 tons (subject te revision), up 7.0 per cent over the 267,613,000 tons produced during the same 1940 period.
Incorporations
Elwood State Bank, Eiwood; dissolution. Alexandria Bank, Alexandria; dissolution. Payless Self Serve Drug Co., Iilinois corporation; change of agent to A Schwandt, 310 Main St., Lafayette. A. R. Wood Mig. Co., Minnesota corporas= tion; admitted to Indiana to manufacture mechanical appliances. Aqua Systems, Inc., New York corporation; admitted to Indiana to sell gasoline handling equipment, Indiana Farm Bureau Co-opérative Association, Inc., Indianapolis; amendment roviding perpetual existence and provid, ng preferred stock shall bear 4 per cent dividends. The Black, Brown, America, Inc., 2301 Fairview Ave, apolis; no capital stock, fraternal; Crocker, Georgianna Crocker, Morgan, Lorraine Apartments Co., Gary: articles accepting provisions of General ‘Corporation Act of 1929; 1500 shares common, 2500 shares first preferred and 500 shares second preferred of $100 par value. W. H. Hull Estate, Inc., Hanna; agent, Miss Anna Hull, Hanna; 1000 shares no ar value; to conduct business of estate of W. H, Hull, Jeceased; Anna Hull, I. H. Hull, Homer B. Hull Miller Farms Corp., 935 Lincoln Bank Tower, Ft. ayne; agent, Carl D. Light, without par
Yellow Society of
Emma
ed to the Jerpe Commission Co., Inc., Omaha, to build a drying plant at a cost of $340,000; Armour & Co., Chicago, $34,000, and the Ft. Worth Poultry and Egg Co., Inc., Ft. Worth, $89,000. Officials estimated that about 25 additional companies will expand their drying capacity or build new plants.
JOHNS-MANVILLE TO MANAGE PLANT,
WASHINGTON, Aug. 14 (U.P.).— The War Department has awarded a $27,111,620 contract to J. M. Service Corp., New York, for management services, equipment and operation of the new shell loading plant at Parsons, Kas. The company is a subsidiary of the Johns-Manville Corp. The contract also provides for training key personnel in the loading of heavy artillery shells, bombs, fuzes, and detonators. War Department officials said that the construction and architectural contracts will be awarded later, A $2,038,500 contract was awarded to Frank Messer & Sons, Inc. Cincinnati, for construction of a new Signal Corps storage depot at Avon, Ky., near Lexington. The work includes warehouses, miscellaneous buildings, heating plant and other structures.
-(DAILY PRICE INDEX
NEW YORK, Aug. 15 (U, P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Yesterday ... .141.85 Week aga ... .142.85 Month ago . .139.78 Year ago soreness 110.54 vreseee 143.31
sre ssessnnrenee
severe srr erence
es esses eres
same address; 500 shares value; dealing in dairy products: George F. Miller, Arthur Jowett, Carl D. Light.
1941 High (Aug. 7 .. 1941 Low (Feb. 17) ..123.03
DAILY, 9:30
L. S. AYR
Summer Store Hours
SATURDAY, 9:30 A. M. to | P. M«
AL M. to § P. M,
ES & CO.