Indianapolis Times, Indianapolis, Marion County, 8 September 1941 — Page 4

BULLISH SENTI

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PREVAILS IN GRAINS

CHICAGO, Sept. 8 (U. P).— Bullish sentiment reigned on the | Chicago Board of Trade today and as a result all deliveries of soy béans, corn, rye .and oats moved up to fresh four-year peaks before realizing sales checked the advance, At the end of the first hour, wheat was unchanged to % cent a bushel higher with September at $1.17%. Corn was up 1 to 1%c; oats % to lc higher; rye up 5% to Ic, and soy beans were 2% to 4%c higher,

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DOW-JONES STOCK “AVERAGES : : 30 INDUSTRIALS . . Saturday Scseessassssonsente 127.26 Week ago (holiday). Month 288 ccc.cocesoccsscon 126.01 XeAT ALO ..coviioririiccos.. 120.78 High, 1941, 133.50; low, 115.30. High, 1040, 152.80; low, 111.84.

DEFENSE BUYER | STARTS BOOM

Fortunes Made by Chrome or Traders at Manila on {20 Grady Talk.

Allied Allied Sto! ores” By WALTER ROBB Copyright. 1941, by The Indian: DP. Vad The Chicago Daily Rarolis Times

MANILA, Aug. 25 (by Clipper).— When Henry PB. Grady of. the American Presidents Lines came here recently as President Roosevelt’s special envoy, apparenfly with bags of money accessible to him for the "breaking of bottlenecks in routing war supplies to America,|Am he soon had about him at the Manila Hotel the most spontaneous audiences an “angel” of his caliber could desire. At once he asked Manilans to arrange themselves in specialized groups, “so my notes will not be scattered.” WORLD WAR II shows that America had been largely misinformed about needful war supplies from. the Philippines. A recent book by a former Manila businessman had said that the Philippines produce nothing that America requires. That turned out fo be an unfair statement.

Islands Have Plenty

Interviewed at Commissioner Franeis B. Sayre’s office, Envoy Grady said that America requires manganese—the Philippines have it. He said America needs chrome —the Philippines have: practically the only large deposits under the flag. He .said America requires fiber—he meant the Manila hemp fiber that is a natural Philippine monopoly. He added that America requires vegetable oils and that he Barker B has an interest in Philippine coconut oil, but equal to his interest nese, fiber and chromes. In his first hotel conferences he saw the chrome men. Next day {Boeing Air

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SINESS

U.S. Has 60 Inspectors Checking Quality of Hoosier-Made Armaments

By ROGER BUDROW

THERE ARE 60 CIVILIAN INSPECTORS in this area 2 job it is to check the ordnance materiel being turned thy factories for defense. It is their responsibility to see that the shell cases, the

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Month R80 coelococcsisessse 20.78 Year 880 ..-cocvsvsprencase High, 1941, 30.88; low, 26.54. High, 1940, 32.67; low, 22.14. 15 UTILITIES Saturday ...... tessssesesnes Week ago (holiday): Month ago .icccecviseseqess 18.50 YORE BLO ,.:civicccionnce.. MWA High, 1941, 20.65; low, 16.92. High, 1940, 26.45; low, 18.03.

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ployed he the Ordnance Depart$12.25 Top Is Highest Paid

t, the factories themselves have of inspectors. All this is unAt Local Stockyards - Since Oct. 1, "37.

der the supervision of the InHOG PRICE RANGE Top Receipts

dianapolis SubAug. 30 ...cececiiennaene $11.85

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Office of the Cincinnati Ordnance District. The office was opened here about the first of the year and originally was in the Schwitzer = Cummings plant on Massa- : Shussis 2 Now it is e Underwriters Building. Schwitzer- . Cummings was one qf the first companies around heré to get a large ang important defense con- 3

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Hogs were generally 25 cents higher at the Indianapolis stockyards today than last Friday and Saturday, the Agriculture Marketing Service reported. The practical top was $12.20 and a few sold as high as $12.25, highest prices paid here since Oct. 1, 1937.-On Aug. 9, 1937, hogs reached 1a top of $13.75. territory includes not. only| Steers, yearlings and heifers were Indianapolis and Marion County|about steady and cows were more put also Vermillion, Pike, Putnam,|active than last week’s close with Hendricks, Johnson, Brown, Mon- Sst to low-grade, ot owe : Morgan, n, Clay, G e|stronger to a shade er, others Siitvan, By, [oom steady. Bulls were steady. Refractory Chrome (a monopoly of | Bon ren, Fountain, Tippecanoe, Mont-| Cattle were about steady with|Consolidated Mines, under managerer Clinton, Boone, Hamilton,|last Friday's prices and a top of|ment of Judge John W. Hausser-|Bower ova and Tipton counties. $14. Spring lambs were steady to[mann, “Mining King of the Philip“The man responsible for all this| Weak and other classes about steady. (Pines™ jumped 10 points in the rk is Capt. C. Oscar Schmidt Jr. : ; : market, where 24,000,000 half-cent Work d ® aD 3 native of Cin. HOGS shares changed hands. Meantime, i 4 [nan & commissioned at| good, to Choice— po alin i. fortunes were made trading |5 Burr Aberdeen (Md) Proving Ground] iran 11.25 . ‘and was commanding officer of the| Ordnance Company when _églled to active duty with the Cin- . einnati Ordnance District last Novem

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2 8 Medium— : 160- 220 Pounds ...ccveevoass AVERAGE UTILITY used 1.35 Packing Sows _ pounds of coal to generate a kilo- | Good and Choice— * watt-hour of electricity last year, | 300. 390 BouRgs :::reoniie lowest ever because of more ef- 3. 360 pounds . ficient plants and increased pro- | 330% pounds ‘duction, Federal Power Commis- | 400- 450 pounds sion reports. “Indianapolis Power & Light Co. “figures, on that basis, that one - pound of coal would keep a 75- .. watt bulb burning for two hours i: every night, five nights a week.

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Now there are about 14 million dollars worth of defense prime contragts and sub-contracts and this ‘going up all the time.: There are 36 prime contracts and 162 sub- “ ts.

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Guaranteed WATCH REPAIRING DONE BY EXPERTS

H. H. Mayer. Inc. JEWELERS 42 W. Washington

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BEEBE NEES

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Japan Gets Iron, Copper ‘Brokers say the surge was psychological, set off by the word “chrome.” It is war need of America’s iron and steel industry for making linings for retorts, smelters and jackets for boilers and other auxiliary uses. erpillar 1

+ 10.68010.90 | Laying it down at Philippine sea- |Celanese pr pf.132 ugen board at $6 a ton will be a bonanza | Selot a 9

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PAY AS YOU WEAR THEM

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© 19:88 10.25 | Proposition, because the buyers pay [email protected]| the freight, if only envoy Grady will |S [email protected] | See that ships haul it away. h Something of all this inflationary | $2 speculation is bound to pursue envoy Grady as he moves about the Western Pacific trying to needle up rub-

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PRICES o near vision, a our new price. from our local ] LOWEST ranch; Pay a little down, a little each week.

15-DAY TRIAL! Convince yourself by 15 days actual test, at our risk, that this is the biggest bargain you ever had. Perfect satisfaction guaranteed, or no cost. lenses ground on prescription.

edium: : 250- "500 pounds .. “es

Slaughter Pi Medium and Gopd uo - .s [email protected]

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Choice ODDS AND ENDS: Italy is try-

censnearens 01200 1218 12.00

Slaughter Cattle & Vealers (Receipts, 2300) | her, tin, tungsten, fiber, oils, quinine, Steers

and get bigger tonnages per week off toward American ports. After a short stay here, he planned to swing

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EASY PAYMENTS

No extra cha of any pe ments. Price 1s Shane as for

REPAIRS

kind for credit Broken lenses duplicated, frames No repaired and replaced. Oculist’s

Buss SEESEE RE Ow

; ¢ Ing to extract iron from sand be- 1100-1300 pe oun cause she needs steel. . . . Dun & 1300-1500 poun gauss she survey shows that 45 per 150-900 pound gent of all concerns in business at|,700-1100 Bound —amy one time quit or fail within five 1300-1500 ound years. . . . Fitch Survey finds corn- . hog ratio still favors” das hogs, 1100. 1300 0 Pounds expects production 10 ‘increase as a | 750-1100 pounds ............. gesult. . . To boost milk and egg| DO es. tions production, the Indiana AAA. is 10e— : i: Starting five months early on signing 208% BOUNES ersenrnslinn © up farmers for 1942. . . . Despite the | 500- 780 pounds blockade, Brazil and Chile exhibit- | moce €d products at the big Leipzig Trade | 750- 90Q, pounds Eatr in Germany. : 750- 900 pounds Medium-— 500- 900 pounds Common joo- 900 pounds .

Sood a:

12.7 i La 18 cash. est, no a charges. Credit W.P. A. ‘workers.

sof through the East Indies and Ma-|§ laya. Envoy Grady plans a visit to Davao to see one of the ironies of the oe tts American~Japanese situation. Every 328 11.23 | new ship, or boat, every hulk [email protected] paired, needs Davao hemp. Six edi bales in 10 are provided by Japa- So nese immigrant farmers in Davao. [email protected]| This is one reason, perhaps, why |S [email protected] | America still allows Philippine iron ore and copper to go to Japan, if [email protected]| Japan sends Ships to get it. These [email protected] | 27 not, after all, all that Japan SUE Vineeds. Further, when Japan does [email protected] | not buy them the mines close and |g - 7.00@ 9.00 workmen by thousands are out of Cont Mot

obs. 8. a jobs 5.00 aE gan 8.250 9.35

33a 9.00 8.25 7.23 8.00

Li oak A prescription filled. Lowest prices. © 134 W. Washington St Oven Tues, Thur, & Sat. Eves to D2. M. Stores in Principal Cities FOUNDED 1897 asm) A RT

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WHOLESALE FOOD |f AT, 12-YEAR HIGH |Z

NEW YORK, Sept. 8 (U. P.).— Wholesale food prices in the week ended Sept. 2 rose to the highest general level since Sept. 26,1929, according to Dun & Bradstreet, Inc. The company’s index of 31 basic food commodities rose to $3.28 in the latest week compared with $3.26 in the previous week and $2.32 in the corresponding 1040 week. The prices of flour, wheat, corn, rye, oats, barley, mess pork, lard, butter, cheese, cottonseed oil, peas and lambs were high steers and hogs were lower.

LOCAL ISSUES

Nomin uot tions furnished by local unit of HR tio nal Association of Securities Dealers. Bid

Age Finance Co nl sgents 3 inane Os c pfd.. Beli BR com. case | 25 Belt RR & Stk Yds pfd..... 56

Circle Theater com .......... Comwlth Loan 5% k Dru

6.00

THROUGH

TIMES

WANT-ADS

ND The Ads Cost ONLY 24: To $1 20

L This Ad Ran 2 Days

effie Cone

Beef Good Sausa

Sete Sears, Roebuck & Co. spent $512,424 on newspaper advertising in In“diana last year, an 18-per cent inCrease over 1939, Stanley W. Shipnes, manager So he Sears store here, reported toda “Sears’ national 2 Spier adverexpenditures reached. $12,824 last year, 7.1 per cent more in 1939. th In terms of space, the company’s #ndiana stores last year used 8,201,- | lines of advertising. Nationally 65,818 lines of space were pured in 889 newspapers. All but per cent of the company’s adbudget was spent in news-

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Medium wee . Cutter and common ........ Vealers

Good and choice .....c..ceuee 13.00214.00 Sonmon. and medium <a 30081200 .50

Feeder and Stocker Cattle (Receipts, 700) Steers

Wy 800 POUNAS .ceeececsces $10. 800-1050 ds srasesesiseen$iO NS

win Fa ae WR

Cub-Am Sug 83% Cu-Am Sug Bf. ANG Cudahy Cur 7% Curt Pub pf ... 27 Pub pr ‘pf a4 tiss-Wr 10

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11,28 11.00

[email protected] [email protected]

9.00@ 9.50 9.50@ 9.00

500- 300 pounds ...ceeecccces 800-1050 bounds Mediwm— 500-1000 pounds CommeR. 500- 900 DOUNAS c.ccoceccecos Calves (steers Good and choice— 300 Pounds down ee.......0. 11.00013.00

edium-— 500 pounds down ....... «ieee [email protected]

Calves (heifers) Good and choice— 500 pounds down ............ [email protected] [email protected]

500 pounds down ............ SHEEP, LAMBS, Reeipis, 2300) Good and Hobs (turing. Serie :: 508i 28

aa 2/618/487,202.31 2,463.448.908. edium and good e....... Bsa 4150 5.00 5.00|Ind & 3.00

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WSIS

apers.

U. S. STATEMENT

FASHINGTON, Sept. 8 (U. ) ~—Govent expenses and nie 4 the fiscal year through es 5, com--with a year 9

his Yea! BS. . 2:83, 459, ith 803. 08 $1, 868. aa 206, 18 p 924,148,669.25 878,777,733.2

glas uplan pf ....113 Pont ......185 ‘Du Pont pf .. 128

Stocks d com..

This Ad Ran 1 Day Cimcon, JS guy pe

Cast ONLY 36c {

Boat the—Desirable Elec Pwr & Li. io Chet,

CORNER PARE and ciency. Kelvinator; Bis &L $7 p RI-4 En

stant hot water.

Fr Cost ONLY T2¢

Bal. 2.463.448.0085 % 1,865,288,510,81 1

Bal. 10.4 Debt. 50.893, 115.055. 0 43,912, 1495, 1938.98 Ewes (shorn) Res. 32,726, 59, 893.42 20,971,383.767.25 Sood and choice ...... Sessa oe 76,2 13,380.16 52,462,621 .52 | Common and medium .. ssssssee

IDIANAPOLIS CLEARING HOUSE CHICAGO LI LIVESTOCK i #4

cdeesanaaee -+-.-$3,108.000 or =Ragipts. 9000. Taiz] 7,885,000 15 to 000; fairly active early,

So iecccns sssessececcee

fale 3 42%

J pag i Tinian Ta 18% Ling. N: bax Lit a eld 7 ne a e N Ind Pub Serv 5%% pid....102

N Ind Pub Serv 6% pid. eress105% 1 N Ind s Laundry com -. 112%

| {This Ad Ran 4 Days TE SA Cost ONLY T2¢

[ This Ad Ran 1 Day

This is Ad Ran 7 Days

i Te I Cost ONLY $1.20

LiThis Ad Ran 1 Day

Verne Sy Cost ONLY 24c

1inis Ad Ran 1 Day 300M [OME 00d, location, North. Cost ONLY 36¢

L v his Ad Ran 1 Day

principal towns. Just phone EE Tele Ee TREE a can 1 Cost ONLY 24c

RAIL-AIR SERVICE : : : ; : iy

5 cents higher, closing slow;

an 180-240 $1136 al 90: 3 t 8 (U advance; most good 350-500 v YORE, Can vgn [email protected]; few lighter weights to index of 30 basic commodities piled for United Press (1930-32) | § ge equals 100): V es snsctsssusdsusvanas 146.43 AO ...cecsessoraese Holiday h Ago QW 00000 ONL 142.06 on 1 "Ago esisessecssssaces 115.08 (Sept. 5).cees... 14643|3 (Feb. 1D ......... 1230

THER LIVESTOCK ‘WAYNE, Ind. Se be bs.,

AER 13.20 C cents, site: i gg

- wT Bite 1bs., i a 280-300 Po 10.90; 350-4 ?

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lin io Flor Flors elm a ves 00 Pe iy th ia ol. 18 8 Frochaut Tr Hu Bw Jar Ea ai ( NATION -WIDE! | Qur service—for shipments com- | ing to you or going far away—is available at-23,000 nation-wide points. Pick-up and delivery at

no extras charge within our regular vehicle limits in all cities and

an Sng. Se Pub Serv ot Ind., ‘snc, §% oid iis So Ind G&L 4.8% p 7% Co co a sesssases Milk pid. esses 67 Van Camp Milk ¢

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Be ii to n Moors scaling 1200 lbs. upward weak 25 cents, mostly 10@15 cents lower; weigl steers predominated scaling over

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ive)

Elona JA ra tii Cost ONLY 42¢c

a dy. | Algers. Winy'w W RR 4%s.. | American Loan i a American Loan Cent Newspapers.

Char SEA ht

Citizens In od T Grab peynolds. To lor T & BW rages 43 0 a

12.60; bulk weight. 3 Best fed heifers ia

rn grass cat-

at 32 . pe 1 one ch ne $0.35; with odd head to hie hell ers Sringing $1 [email protected]; Sone a: -cattle, Pie to 39.26, Bute in "$150 dogs 208€ | K . $7. own. Shee Receipts, practically no lower on

5 Hearly ice mative ew IN Tn Slr i Hct Coc BER 1 Rich Water wor ks 5s 57.100 8

Trae Term Corp 58 57.....c.0 72 ~divi

Home Home Tat

| This Ad Ran 2 Days al ad Cost ONLY 72¢

nls Ad Ran 2 Days | “OT ET Cost ONLY 48

12. . tle ‘here: Jain!

-350 1bs., lbs. $11.40: Loi oN i036; $11.75, ?

100- 1b $8. boi bbs.

; ‘3 Need a Loan

Spoils “four mills

per PR at No. 3 Ber for shied corn, ro: No. vod oats,

paid 0. 2 w Roe: NaS "white outs, 416; Ro. 3

40%e.

ows, 0 Spanish $1.02%; “Colorado Eves | N

Spanish, 85c@$1.

UPHOLSTERING

Repairs—Refinishing

Hundreds of Covers to Seléct from— Finest Equi 8ho! AD the State—Com. Log bad P i:

You, Too, Can Expect Results Like These When You Use—

: TIMES W. a Ads

Se Watches, Musical instruments, Cameras, | Clothing, Shotguns, Ete.