Indianapolis Times, Indianapolis, Marion County, 26 August 1941 — Page 6

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THE INDIANA

FINAL STOCK QUOTATIONS YESTERDAY

Net Close Chang

Acme Steel Adams Exp Addressogranh

fot

FREER REEEEND D444

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ta tof bg rf tf

41.3 sb CL pt

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pt [2]

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~e 2.22.22

alld

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fot

bk 1) pk

pot 13

> 300 «1 00 G2 ON RI UN RI O0

bt Ca) pk mn

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Ca Lata G0 1k pk CY RD pet 3 6 69 69 ‘ p- ;

REL

0) 0

Foster Wh eel Francisco Sug. Frank Sim pf Freept Sulphur

Gabriel A Gair Robt Gair Robt Gen An

(rain alers Mutual

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

+1:

*")

Br UNITED PRESS

.|DOW-JONES STOCK AVERAGES

{ 30 INDUSTRIALS { Todav | Saturday 1g | Week ae

—005 BEV Sor Ai <4-0.0% | Pfeiffer Brew .. +0.5% 41.36 +0.23| Phillips

125.86 AN « 13391 veharasaaeananans 12362 sersenaaan «von 130.06

Casavant

Net Close Change 23% + 13% is

: Top Dips to $11.90 as 5 to

High, 19141,

High, 1940,

n Saturday 1; Week Ago

Month Ago 1! Year Ago

High, 1941, High, 1940,

Month Ago ® Year Ago

18 MOST ACTIVE STOCKS

* Pepsi-Cola

Richfield Oil | Warner Bros . . 63

*/Int Paper

%s | Sunshine Min. ¢ Int Tel & Tel!

133.59; low, 115.30.

152.80;

30.88; 32.6%:

High, 1941,

High, 1910, 26.45:

Sales & (in 100s) High Low Close Change {Com & Sou.. : ..108

92 i

Nat Pw&lt ..

>| Aviat Corp

Consol Air ...

| Paramount

| Am TET ..

low, 111.84, 0 RINROIDS

Tow, 26.54. 1214,

low, 153 UTILITIES

Wis 115% Sig 1834 214 31% 33% 38 143% 10

134%

*| Gen Motors... 3

South Pac | United Corp

3834 14 9-16

% Wl 1n 3s 18% 65s Rg 3g 33% 3% 183% 95% 1333 385% 14's 1%

3% MWe 11% 3% 182 6% Ms 33% 33% 383g 11% 10 15412 3834 14's le

19 om

18% ik

187% 9's

Boeing Air .. {Am Com Ale.. 3 i {

{30 when {compared with 360.000 Friday. |steck sales were 69,000 shares

+ pared with 93,000 last Friday.

“w.jPa Crk Pk .

Pillsbury Pitts Se Pitts Pitts St

C3 pr ON Ly op

Piymouth Oil..

w ONDE Sw

CY pot pk pt Cy CIN pt le OF OO C3 DOS WU TRIED Pil IRS

Net

3% 5s 4 1 a

str LEE

S | Sheaf

Reputiic Sti... Reve 2 Repub! ic sa iS Revere 7 pf Ren Metcuevpf ne Reyn Spring 8's Reyxn Tob B .. 31% Richfield Oil .. 113% Rustiess I & St 14’: —S

. 44 « 332 . 193% 16

- ee

DCD UD rt DCN le OY

6D bok 1S ft pot

142 Safeway .“r 41% St Jos Lead Savage Arms Schenley Dist... Scott Pap .... 31% Scott Pap 4 pf 110°g Seabd Air L .. 3-16 Seab'd Oil . 15) Sears Roebuck | Servel Inc Sharon Stl pf.. Shattuck Pen Siver King Simmons Skelly Oil . Sloss-Sheffi eld .

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br 5 C5 pt pt Pt 5 Co) pst OD

| - - 5 3

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So ock sales approximated $30,000 | South Nat Gas. 1g as the smallest total since June 50 270,000 were traded and,

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Gay Somme.

bt 00 «TD TDI CI UN TD NCD 0) OF Cad ™omnm

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bt ek pt RID NEIND CLINI NOD «TID N DONE IDL HOO dn’ ‘ ir he eit Yo ch pt Boa Naa BNE

pt PICO ma hI bt fn it 0 oT

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oh ph pk nN GL se aL fd pk fot Oh Ly pa

na 100 On BIO sm © OOO 4st sb

Ap hy ON 08080 NO

on be ft NN dns

NYC Sanibas . NY Dock .... NY Dock pf . NY NH&H NY Ship 31} Norf & W ‘pf. 112%

Of vo vee 9 Oliver Farm Eq 18'2

Pac Coast. ..... Pc GCG & El ... 2 Pac Tins Cons. Packard .. Paramt Pict . 143% Para Pict 1 pf 10914 Para Pict 2 pf. 133% Parke Davis ... 29 parker, ao oH 18% . 14% 934 . 53 851%

Patino Mines Pen & Ford Penney Penn Coal & c Penn D Cem Penn Pepsi-Cola Peoples Dr .. 2434 Peoples Gas .. 51 Pere Mat pf 33 Pere Mat pr ‘pf 531%

33% 23% 232 287

Change

Net

- is

| Sym-Gld xw

{ Tenn Corp

V+ a lr Jebel

I+]:

2! West Air Bke :

hi JEWELRY

Nonmnmnmnnmnmnmnmnm

| Swift | Swift

4 South Bend:

C3 Pt ad PDC le <TC CI wT RIN | CS wT

Snider Pkg . Socony-Vacu {So Am Goid So Por R Sug So nr R S pi. Ed

SDN NC OO hw «JC «TRG | io NON ee

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15 0D pr

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outh Pac uth Ry South Sperry Spicer

200 Mx 13000 06 1S

CIN east

3 arrests LE 0-1

y 4 oh 4 bon SNE OF) she bn C45 1.3 pot put Par NNO 6 C1 put put

D000 00 0 3 Cu CU 2

1» Ww Aw on

Studebaker . Sun Oil pf 5... Sunshine Min.. Superhtr . Superior oi... & Co ... Intl Sym-Gould

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rr.

Texas

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on pt pk oY pt OF pt BD IED TD hn CNY

9 3

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Und Ell Fish... Union B&P .

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pt — — [=

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pt NHN P 3 bt et et ft 03 4k C3 09 63 59 G3 TF =) pt 1 - ft IDE Opt ht CD a] DIP CS OII DID «1D a a ft [F-1 ol FE

Univ Pict 1 pf 159

—V—

pot ow pt

Vadsco Sales Vanadium Van Raalte Victor Chem Va-Caro Ch. ... Va-Caro 6 pf .. 241: ValcCcxC pl .. 21%

Virginian Ry pf 32

too oh

Uta ~

pt a

15s

Wabash Walgreen 20 Walgrn pf ww 101 Walworth Ward Bak pf .. Warner Bros Warren Br . Wash Gas Lt Wes Oil & S W Pa El 7 pf.103 West Auto Sup 2814 West Pac pf West Union .. 28: - rs

21s . pf 70

Westing El . Westvaco pf Wheel Steel White 8S D White Mot .... White Rock ... Willys Over

Can

yk pt 15 et 25 13 “11 1 OF bt rt PR a]

» '

SHEL]

Ne 03 der 0B

Wilson Ww Hoo of Woolworth Worthington

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pt Dra D-IL LILT =T

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Wrigley

Yellow Tr .... Yellow T pf.. Young Sheet

Ld Cd pt pet «1 O00 vbw Pa ane

genitn Rad ....

Incorporations

In and Out Parking Terminal, Inc., 2500 S. Madison St., Muncie; agent, Clarence A. Wagoner, same address; 1000 shares no par value; real estate business; Harold E. Mathias, Clarence A. Wagoner, Fred E. Watson, Paul S. Brady, Chester C. Wingate. The Phoenician Club, Terre Haute: amendment changing number of directors

to seven. Trend Trousers, Inc, North Judson; change of agent to Norman Gatzka, North Judson. Plantation Prepared Foods, Inc.. Indianolis; amendment changing name to Old 3 cDonald, Inc. E. Gray, Muncie; trademark, “X-Pert,’ and sporting goods National Postal Meter Co.. corporation: corporation. Phi Delta amendment Seville

registration of class 21: games, toys

Inc., Delaware amendment of articles of in-

Nappa Fraternity, Marion; extending corporate existence, Tavern, Inc., Indianapolis; amendment changing name to Seville Restaurant, Inc u Keely Die & Tool Co., on DeKalb Iron Workers’ Auburn: dissolution. Southeastern Indana Power Co., Indianapolis; amendment changing and increasing common stock from 20,000 shares withOHS par value to 100,000 shares of $10 par value.

Goshen; dissolu-

Association, Inc.

National Screen Service Corp., Delaware N

corporation; admitted to Indiana to produce and distribute, etc., pictures, films by lease or otherwise. Port Minerals, Inc, Texas corporation; admitted to Indiana to deal in oil, gas, salt brine and other mineral solutions: prospecting for oil and gas. Skyway Theaters, Inc., 1125 LaSalle St, agent, Chas, Truma Yoder, same address; 250 shares of $100 par value: to operate ‘‘drive-in”’ theater; Paul Mavis, Chas. Truman Yoder. Louis E. Jackson, Esther Yoder. Indiana Drive-In Theatres, Inc., 1511 Merchants Bank Bldg. Indianapolis; agent, Jacob S. White, same address; 10 shares of $100 par value: to operate theaters and other amusement enterprises; B. A. Lucas, A. R. Klaus, J. Goodman. The 116 Business Man's Club, Inc. Connersville, Ind., 116 6th St. Connersville: no capital stock: social; Sam Everitt, Charles Merrell, Fred J. Hackman . A, Miller, Inc. Muncie; registration of trade-mark. “Miller's Hair Dresser,’ class 6: chemicals, medicines and pharmaceutical preparations. Peerless Building Corporation, 419 Security Trust Bldg... In ianapolis: agent, Lewis Davis, same address 100 shares having rec par value: Kener! business of building construction; Sam Pascoe, Anna Pascoe. Robert Greenb exe The Supreme Lodge of the World, Loyal Order of Moose, Anderson, amendment of

* than yesterday at the Indianapolis

| Marketing Service reported.

* generally steady with some weak-

ol 250- 500 pounds

ol Slaughter Cattle & Vealers (Receipts,

MEDIUM HOGS LOWER HERE

10-Cent Reduction Is Made.

HOG PRICE RANGE

Top S115 11.63 11.80 12.00 11.90

Receipts 6,607 8,000 3.500 6.300 1.599 8.000 8,000

we Aug. | Aug. | Aug. Aug. 1 Aug. 1 Aung. Aug.

18 19 20 b+ 4 23 WB QW

crest ess sen en Caterer Lette Testes rtaretrataee

estas arte AN LLL

EE EE EE

weighing between 160 and 250 pounds sold 5 to 10 cents lower

stockyards today, the Agriculture Other weights and sows were un{changed. Today's top was $11.90 on several loads of choice lightweight hogs. Steers and yearlings sold at strong {prices in an active market. Fed | heifers were fully steady while lowgrade steers and heifers were about steady and cows and bulls little changed. Calves sold strong in an active market. The sheep market was

120- 140 pounds 140- 160 pounds 160- 180 pounds 180- 200 pounds 200- 220 pounds 2220- 240 pounds 240- 27¢ pounds 270- 300 pounds 3 330 pounds , 360 pounds Medium — 160- 200 pounds Packing and Choice— 3 0 pounds

[email protected]

11.00@ 11.80 Sows

aq rood 27000

400 pounds 0- 450 pounds 450- 500 pounds Medium —

Slaughter Pigs

| Medium and Good— 80- 120 pounds

CATTLE 2300) Steers Cholce— 730- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Good-— 750- 800 pounds 200- 1100 pounds 1100 13 pounds 0 3, pounds .... Teens @ 3 Medium — | 750-1100 pounds . .00 | 1100-1300 pounds 750-1100 pounds Common — 750-1100 pounds .00 Steers. Heifers |

‘ee ers [email protected] srasessnesess 12.00@12 78 [email protected] 11.50@ 12.50

Cholce—

500- 750 pounds [email protected]

[email protected] |

Good— 500- 750 pounds Heifers

Cholce— 750- 900 pounds i Good— | 750- 900 pounds { Mediu m | 500- ano pounds | common S00- 800 pounds

. 10.50@11. 7s | 7.00@ = 8.75

Let at ear aNe

3 vies ecee i {

75 wo

9.25] 9. " 2 8.50 Cutter Pand common 8.60) Vealers Good and choice

C ommon and medium | Cull

Feeder and Stocker Cattle (Receipts, 600) Steers Cholce— 500- 800 pounds 800 1050 pounds

Lessee

. «$10.00 Be . 10.00@1 hat

[email protected] | [email protected]

9.00@ 9.50 7.50@ 8.00

ood— 500% 800 pounds 800-1050 pounds Medium— 500-1000 pounds Common — 500- 900 pounds Calves (steers)

Good and choice— 500 pounds down Medium— 500 pounds down Calves (heifers) Good and cholce—

500 pounds down [email protected] Medium

500 pounds down [email protected] SHEEP. LAMBS (Receipts, 2000)

Lambs (spring) Good and choice Medium and good Common

Sesser aseranen

. [email protected] [email protected]

Ewes (shorn)

Good and choice Common and medium

LOCAL ISSUES

Nominal quotations furnished by local unit o National Association of Securities

Dealer = Stocks Bld. Ask

Agents Finance Co Ind com... 1% Agents Finance Co Inc pfd... 20 Belt RR & Stk Yds com...... § Belt RR & Stk Yds ofd . Central Ind Pow 7% pid Circis Theater com .. Comwlith Loan 3%

Ind Asso Tel Co Ind & Mich Elec Lad ofd Indpls Gas com. Ind. Gen Serv 8% Int Hydro Elec % pid Indpls P&L 5'1% bid .. Indpls P&L com .... Indpls Water 5% nfd *Indpls Water Class A com . Lincoln Loan Co 5%% ofd ... § Linc Nat Life Ins com aes N Ind Pub Serv 5'27% bid 10 N Ind Pub Serv &7% pid N Ind Pub Serv 7 orogress Laundry com So Ind G&L 48% pid Pub Serv Co of Ind 67% Pub Serv Co of Ind 7% So Ind G&L 4.8% Terre Haute Eleo Union Title Co com ........ Van Camp Milk .ofd . Van Camp Mlik oh cisssnsse NN

as Algers. Wins'w W a ites ...100 American Loan 5s «..93 American Loan 5s 4 00 Cent Newspapers 4%s 2-3) ..100 Ch of Com: Bldg Co 4%s 61... 18% Citizens Ind Tel 4Vss 61 10 Consol Fin 5s 50 Crabb-Revnolds-Tavlor Ss 42. Home T & T Ft Wavne aes: 108 Home T&T Ft Wayne 6s 43 . Ind Assoc Te Co 32s 7 Indpls P&L 3%s 70 indpis Rallway Inc 5s eh Indpls Water Ci

| Federal

POLIS TIMES

TUESDAY, AUG. 26, 1941

Center Township Relief Rolls Dwindle as Employment Pickup Here Absorbs Hundreds of Idle Workmen

By ROGER BUDROW It is a sign that business is good when some things in a business index go downward. Center Township relief is one of these. As WPA has reduced its rolls, a number of WPA workers have gone on Center Township relief rolls. But despite this, the rise in employment in Indianapolis has brought the number of relief cases to less than half the number at this time last year. At the end of last week there were 1641 active cases of relief and 399 inactive ones, a total of 2040. This compares with 4243 inactive cases and 865 inactive ones for a total of 5108 at this time last year, acccrding to Trustee Henry Mueller. Costs. at the end of last week, were $14,035 compared with $55,384 at the same time last year. Another index decline which is in reality a sign of good business is the number of persons claiming unemployment benefits. Seasonal declines in industry invariably throw some workers out of their jobs at this time of year. But the number is far less than it was last year. The number claiming unemployment benefits here last week was 1732 as compared with 3026 last year at this time. Unemployment benefit claims in the Indianapolis area are nearly 48 per cent below last vear. Most of the other “minuses” in the index are in livestock receipts at the Indianapolis stockyards. But this is a situation that can’t be changed too quickly. Farmers, discouraged by low livestock prices in recent years, cut down on their livestock production. However, with prices at the high

Roger Budrow

PENNSY OBTAINS

CONTROL OF WABASH

ST. LOUIS, Aug. 26 (U. P)—

District Judge Charles B. Davis vor)

Indianapolis Business Summary

Last Week trernesinvanaeees $24,092,000 .$60,78%,000 $75,970 $170,344 $137,710 0 $18,000 0 0 $14,634 1,119

542

$25,858, $61,653,

Bank Clearings Bank Debits Postoffice Receipts Building Permits Houses Apartments Business Industrial Public Repairs & Alterations serene Applied for Jobs ‘Received Jobs Claimed Unemployment Benefits (Aug. 16) Freight Carloadings: Inbound Outbound Electricity Output (kwh) Water Pumpage (gallons) Streetcar Passengers (Aug. 16) Telephones In Use (Aug. 21) Livestock Receipts (head) Cattle Calves Hogs

Teese siete ena

essa ses aren

seers ertesn eran

$93,

seers

terete eter ern

EEE EEE EER EEE EE ERY

$80, $11,

Pets rssresrtenre ere

sees

"evan

1,732

3,695 2,057 14,218,000 298,720,000 1,309,304 +344 53,653 6,634 3,477 34,500

Terese

339,340

$45, 1,217

3, 075 14,638, ,000 1,298,

50, 5, 2,753 33,

Week Before

000 000

$91,191 $230,451 710

0 384 150 0 207

519 788 661 000 770 153 073

610

626

Last Week a Year Ago $16,616,000 $40,398,000 $75,193 $78,554 $55,800 0 $6,700 0 $6,000 $10,054 54 320

3,026

3,256 1,757 11,864,000 239,480,000 1,146,358 +221 ,224 7,384 3,185 38,691

1940 Thus Far $671,673,000

$1,669,420,000

$2,951,073 $5,240,574 $2,593,470 $1,556,780 $755,042 $908,600 $103,926 $490,144 26,999 11,860

116,936

103,004 58,196 394,814,000 8,089,020,000 42,632,458 96,668 1,936,246 208,259 103,004 1,525,921

1941 Thus Far $808,011,000 $2,066,992,000 $3,076,857 $7,949,383 $4,516,595 $2,837,125 $1,040,448 $1,217,150 $406,500 $802,524 35,977 17,716

%% Chge. '41 vs. ’40 20.3 23.8 4.3 51.7 4.2 82.2 37.8 33.9 +291.1 + 63.7 + 33.3 + 49.4

++ +++ +++

60,929 — 47.9 + 159 23.2 16.7 1 49 10.3 5.1 23.7 34 9.8

119,338 71,673 460,575,000 8,712,630,000 44,741,972 106,633 1,837,675 158,886 99,510 1,376,150

| +++ ++

Sheep Grain Receipts Corn Wheat Qats ... Rye Soy

“enn

(bushels)

. fesse sen tere

Beans

Sources of above figures:

Indianapolis Office of State Employment Indianapolis and Louisville Indiana Bell

Chicago, Indianapolis Railways: Federal

Illinois Central: olis Water Co.: Trade; Center Township Trustee;

level they are now ($12 per hundredweight for choice hogs) production is expected to increase considerably. The business department stores

AUGUST MILK PRICE IS PLACED AT $2.54

receive $2.54

of Indianapolis continues to

Milk producers will

| per hundredweight for milk contain-

ing four per cent butterfat, delivered in the first half of August, Marion

terday gave final approval to the | County Milk Administrator Leon C.

reorganization plan of the Wabash] Railway Co. which included pro-|

vision for the Pennsylvania Rail- |

ILE aq to be permitted to buy vot- $2.22.

ing control of the new common

stock. The plan previously was approved; | by the Interstate Commerce Com- | mission. The railroad has been in receivership since Dee, 1, [ 1931. Under reorganization, capitalization would be cut from $330,759,265 to $192,647.795 and annual fixed interest charges from $7,391,362 to $2,558,418, The Pennsylvania has proposed to buy new common stock at $12.75 o| per share, provided at least 50 per | cent of the stock is made available. The eastern road, through the Pennsylvania Co., a subsidiary, owns 48.9 per cent of the present common stock. A 50 per cent holding of new stock would cost $5.196.494. Reorganization would also involve | the issuance of new securities total-| ing $182,032,795. This would include | $47,345,241 in 30-year first mortgage | bonds; $4,533,206 in serial elistoral/ 11> per cent notes; general mortgage income bonds, series A, $17,.510.012; preferred stock $31,106,677 and common stock $59,818,600. ‘The new securities, other than 19.970 shares of common stock set aside to pay unsecured claims, would be distributed among the Wabash's bondholders and holders of receiver's certificates. No provision is made for the stockholders.

STEEL CORPORATION APPEALS FOR SCRAP

BUTLER, Pa. Aug. 26 (U. P.).— Faced with a “large scale” defense production curtailment by Oct. 1 because of an iron and steel scrap shortage, the American Rolling Mill Co. here today appealed to the public for aid in maintaining the present level of operations. The company offered to pay prevailing prices for scrap collected in its behalf, emphasizing that it would accept no donations. Tt urged the public to sell its scrap, “whether it be locomotive or lawnmower” to authorized scrap dealers who, in turn, will sell to the company Harry Holiday, Armco Butler division manager, pointing out that the plant's 1000-ton daily needs is forcing the company to dig into its reserve supplies, said curtailment of defense production is threatened within six weeks unless more scrap is made available. Similar appeals to citizens living| in the vicinity of the company’s plants at Ashland. Ky. and Middletown, O., have proved successful.

CHICAGO GRAIN

Opening prices today on the Chicago Board of Trade, as reported

d *Ex-dividend

Ny ~ N N U. S. STATEMENT WASHINGTON, Aug. 268 (U. P.).—Government expenses and receipts for the current fiscal vear through Aug. 23, compared with a vear San This Yea Last Year .$2, 809, 243, 966 17 $1,363. 452, 511.69 738.301.320.04 712,583.419.94 70,942 646.13 650,869.091.75 6.562,396.13 636,717,491.75 2,551,498,592.66 1.819,043,285.54 39. 605, '914.42 43.892.170.322.26 3,368,281.88 20,830.619,887.82 3,554,755.02 42,920,728.87

Expenses Receipts Gross Def. . Net Def. .. Cash Bal... Work Bal.. Pub Debt Gold Res. Customs

HOUSE $3,189,000 7,893,000

INDIANAPOLIS CLEARING

Clea Hues Debits

WAGON WHEAT the close of the Chicago market Yous Indianapolis flour mills and grain elevators paid 9 2

68c per bushel for shelled new No. 2 vellow corn: No. 2 white shelled corn % No. 2 white oats. 35¢: No. 2 red oats. | 13¢.

articles of incorporation.

LECLDN DICE: DRL TR Corporation

pa 3

129 EASY MARKET STREET

by Thomson & McKinnon, were:

Dec May, ..$1. iy $1.165@ 1.163 $1.19% @%% 8014@ 30% 843%

4ine.

Wheat Corn ... Oats

DAILY PRICE INDEX

NEW YORK, Aug. 26 (U. P).— Dun & Bradstreet’'s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Yesterday ....scesucsvssncscs 13222 Week ABD cioivssissrisseses 14246 Month AZ0 ..c.ivsesivissseces 141.65 Year Ago ... sesvensses 114.11 1941 High (Aug. 22) ......... 14337 1941 Low (Feb. 17) 123.03

sss s anne

BED BUGS? ROACHES

Get Rid of Them Use Shur-Deth

ARNOTT EXTERMINATING CO.

—We Deliver—

247 MASS. AVE.

| by

45 per cent of the total, declined

per cent greater responding 1940 period

down 3.7 per cent from June but 46.4 per cent ahead of July, 1940.

|Coller announced today.

Class I milk, bottle milk and cream, was priced at $2.75 and Class II milk, condensed and evaporated, Hauling, authorized checkoff for advertising, administration | will be deducted from this amount.

TRUCK COMPANIES’

BUSINESS 1S GOOD

WASHINGTON, Aug. 26 (U. P)). —Revenue freight loadings of domestic truck companies in July registered a counter-seasonal gain of 2.3 per cent over June and approached the all-time peak reached in May of this year, the American Trucking Association reported today. July volume was 35.8 per cent above the level of the year-ago month. Reports to the association from 206 carriers in 39 states showed | that July volume was 1,455,307 tons, compared with 1,422,278 in June and 1,071,685 in July, 1940. The association emphasized that labout 76 per cent of all tonnage transported in July was reported general freight handlers with business in this category up 3.7 per cent over June and 37.3 per cent greater than a year ago. Petroleum shippers accounted for about 10 per cent of the total tonnage with this business 9.1 per cent greater than in June and 12.5 per cent ahead of a year ago. The movement of new automobiles and trucks, constituting about

17.2 per cent in July but was 76.5 than in the cor-

Handlers of iron and steel products did about 4 per cent of the total July business with this volume

BUSINESS FAILURES BELOW LAST YEAR

NEW YORK, Aug. 26 (U. P).— Industrial and commercial failures in the week ended Aug. 20 dropped below both the previous and corresponding 1940 weeks, Dun & Bradstreet, Inc., reported today. Failures in the latest week numbered 227 compared with 230 in the previous week and 263 in the 1940 week. Failures with liabilities of $5000 or more were 100 against 93 in the previous week and 139 a year ago. Canadian failures fell to 10 from 11 in the previous week and 22 a year ago. HITT aR

~ LLL

L1LLL LL) be ¥ =r

UNITED STATES DEFENSE BONDS AVAILABLE AT

LLY I Rr LitLl Ill HHH ALL - T

SARRRRRR RARE ARNT

ALLEL ET ER AAs si IT

MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION

51 PER CENT OF "41

.or more ta xnayels feeling themselves a

9,042 530,000 405,000 34,000 84,000 5,000 2,000

8,084 691,000 536,000 60,000 84,000 11,000 0

9,964 456,000 242,000 36,000 146,000 30,000 2,000

Security Division; ¢ (Monon); Telephone Co.: Reserve Bank of Chicago; Indianapolis Po show large gains over last year, according to the Federal Reserve Bank of Chicago. Sales in the week ending Aug. 16 were 49 per cent ahead of the same week last vear and second only to the gain

PROFITS FOR TAXES

NEW YORK, Aug. 26 (U.P.).—A study of the financial statement of 257 leading industrial companies for the first half of 1941 discloses that they set aside 51.6 per cent of their aggregate earnings for Federal taxes, compared with 26.7 per cent last year, the Conference Board reported today. As a result of sharply increased provisions for taxes, the measured companies in the aggregate showed an increase of only 20 per cent in combined net income, despite the fact that before Federal tax reductions the increase in earnings amounted to 82 per cent, the independent fact-finding agency said. Hardest hit by the increased tax requirements were aircraft and parts companies. For six such concerns, the analysis disclosed that earnings before taxes showed an increase of 127 per cent over a year ago, but after taxes were 6 per cent below last year.

166,649 23,634,000 15,416,000 3,812,000 3,930,000 195,000 406,000

8.9 42.38 64.0 12.7 33.6 45.5 58.6

182,862 16,549,000 9,402,000 3,381,000 2,942,000 358,000 256,000

+1 +++ +1

Indianapolis Clearing House Association; Indianapolis Postoffice; City Building Commissioner; Pennsylvania Railroad; New York, Chicago & St. Agriculture Marketing Service;

New York Central; Baltimore & Ohio; Louis (Nickel Plate; IndianapIndianapolis Board of wer and Light Co.

made by Detroit stores. For the two weeks ending Aug. 16 Indianapolis department stores showed a 47 per cent gain and for the four weeks preceding Aug. 16 a 39 per cent gain was made here.

LOCAL PRODUCE

Heavy breed colored hens, § lbs. and over. full feathered, 16c; heavy breed hens, under 5 lbs. full feathered, l4c: No. 2 heavy breed hens, llc: Leghorn hens, 13¢; No. 2 Leghorn hens. 10c; Barred and White Rock, 16c: No. ers, Barred and White Rock. 13c: springers, 2 lbs. and vore. 15c; springers, 2 lbs. and over, 15¢; horn springers, lbs. and over, cocks,

10c Egzs—Current receipts 54 lbs. 25 cents.

Butter — No. 1, 37'2@38c: Ng, 32 36@ § 36%2c: butterfat, No. 1, Bsc: No 33c. (Country 55RD prices oi by the Wadley Soy

LOUISVILLE METAL PLANT TO EXPAND

NEW YORK, Aug. 26 (U. P.).— The Research Corp. affiliate of Reynolds Metals Co., announced today that it will spend approximate=ly $250,000 to set up facilities at Louisville, Ky., for the manufacture of metal-capped paper containers for use in shipping gun powder. Leasing of the block-square American Oak Leather plant has added 125,000 square feet of manufacturing space to the corporation’s plants in Louisville.

springers, 2 springcolored 1c;

and up,

Three rubber products companies, with earnings before taxes 243 per cent larger than a year ago, had| their total net income increase cut | to 96 per cent, while respective fig- | ures from 15 chemical companies | were an increase of 58 per cent and | a decline of 1 per cent.

BUSINESS AT A GLANCE

By UNITED PRESS Coty, Inc. and domestic subsidiaries 6 months ended June 30 net profit after Federal income and excess profits taxes $351,148 equal to 24 cents a share vs. $311,026 or 20 cents a share year ago.

‘Electric Power & Light Corp. 12 months ended May 31 net income after Federal income taxes $5,756,859 equal to 3 cents a common share vs. $6,544,100 or 25 cents a common share preceding 12 months. Pet Milk Ce. June quarter net profit after Federal income and excess profits taxes $606,417 equal to| $1.37 a common share vs. $554,153 or $1.25 a share year ago.

Union Tank Car Co. 6 months

(FALL TERM BEGINS

SEPTEMBER 2

Not for many years, if ever, have the calls been so numerous and pressing. Capable stenographers, secretaries and accountants, in great numbers, are needed most urgently. These opportunities are attractive, pay well, and present an excellent foundation in experience and development for life careers. This is the

Indiana Business College

of Indianapolis. at Marion, Anderson, Columbus,

The others are Muncie, Logansport, Kokomo, Lafayette, Richmond and Vincennes—Ora E. Butz, President, Call personally, if convenient. Otherwise, for Bulletin describing courses and quoting tuition fees, telephone or white the I. B. nearest you, or Fred W. Case, Principal

Central Business College

Architects & Builders Bldg. Pennsylvania & Vermont Sts.

ended June 30 net income after Federal income taxes $1,384,241 equal to $1.25 a share vs. $1,074,967 or 96 cents a share year ago. United Gas Corp. 12 months ended May 31 net income after Federal income taxes $4,943,823 equal to $2.03 a share on $7 second preferred vs. $6,259,536 or $3.51 a share on $7 second preferred preceding 12 months. Caterpillar Tractor Co. 7 months ended July 31 net profit after Federal income and excess profits taxes $4,767,366 equal to $2.53 a share vs. $4,175,920 or $2.22 a share year ago.

Legals 44

poses by the City of Beech Grove, Marion Notice is hereby given the County, Indiana, that the proper legal of

ular meeting place, on the 30th day of August,

the following budget:

GENERAL FUND Mavor’s Office— Personal service ... Contractual service Current charges

Personal service Contractual service Supplies ys Current charges seein Current obligations ....... Debt payment Properties Common Council— Persons] services ......eovee.. Contractual services Materials

25.00 1,120.00 .00 0.00

“ev

Total budget estimate Necessary expenditures to he made Julv 31st of present year ber Gi

of present

Total Funds Required Actual Balance, July 31st of present Taxes to be collected. present year Miscellaneous Revenue to be received 31st of incoming year; (a) Special taxes (b) Fees and all

Total Funds Net amount to be raised for expense : Bi Balance Amount to be raised by hi Levy roperty

axable

BaP; a Wp

other revenue

taxable Polls . Levy on Polls

UND COMPARATIVE STATEMENT OF TAXE Neme of Fund Colle cted General Fund 1939 4,444 61

Taxpayers appearing ool have a rig levies have been determin two Yass prot to the second Monday in Tax Adjustm

State Board of Tax Commissioners for

fix a date for hearing Dated—August 18, 19

will

Phone LI-7459

Attest: Floyd H. Approved: Charles Adams,

Axton, of 1579 Gilbert Ave., of 1941, to establish time and

on the 3d

taxpayers of

ESTIMATE OF crvie CITY FUNDS

Collected $44 814.33

Indianapolis

Legals 44

NOTICE | is “hereby given or that I will sell one Oldsmobile 1932 coupe, model L, engine number 1.3783, serial number ILSC3686, for unpaid repair charges of $72.51. Car owned by Eric A. Stolpe, 7 Roman Ave, Forrest Hills, N. Y. Car will be sold on or after Sept. 2, 1941, at 325 E. Market. GEORGE SEPTER, Bs Union St.

In the matter of the petition to estab lish time and place of birth. In the Marion Circuit Court, No. 786. Notice is hereby given, that David L. has filed his application pursuant to Chapter 24 Acts lace of his That said petition will be heard day of September, 1941, or as soon thereafter as the same can be heard. Dated this 25th day of August, 1941. CHARLES R. Clerk Marion Circuit Court.

birth.

NOTICE TO TAXPAYERS OF TAX LEVIES

In the matter of determining tax rates for certain pur-

Before the County, Indiana. City Council! the City of Beech Grove, Marion ficers of said municipality, at their reg1941, at 8:00 p. m., will consider

Department of Law— Personal service Supplies Current charges

Department of Public Works and Safety— Personal service . 12,430.00 Contractual service Supplies Material Current charges Properties hb of 'Health— Personal service Supp .00 Ses contractual 70.60 Total General Pus s.i.00., 56,613.99 TO BE RAISED wens winvie Walaa $56,613.99 from appropriations unexpended 20,996.28

.00 1,150.00 350.00

seeeaees

Additional prpIopHaycat necessary to be made August 1st to Decem-

None 6,149.17 . 83,759 44

3,140.12 22,414.33

year (Dec. Settlement) Aug. 1st of present year to Dec.

9,122.99 780.00

34,457.44 s to Dec. 31st of incoming year 48, 3p 08

. 48, 302. 00

ROPOSED' LEVIES

Amount to Be Raised COLLECTED AND 2 Sn Colle > a. Be ected

1 $44,814.33

ht to be heard thereon.

ed, and nie] to the Count Sept., a ent Board, or on their failure so to grieved by such levies, farther and final hearing thereon, by filing o1 petition with the County Auditor not later than October 15 and the State Board in this County.

Signed: JOHN E. BYLA CHARLES KOEBRICH ARTHUR HENDRICKS HERMAN PROPER ESSE LAMBE To Common €ouncil City of Beech Grove

Harlan, City Gisgk-Treasuret, Mayor .