Indianapolis Times, Indianapolis, Marion County, 9 September 1941 — Page 8
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DOW-JONES STOCK AVERAGES 80 INDUSTRIALS TOARY cocaccecscossssecenss 137.51 Saturday crsscseacenscsssses 127.26 Week ago (holiday). Month 288 ccc.cccces0c0cens 126.01 Year ago sesssssess 120.78 High, 1941, 1338.59; low, 115.30. High, 1940, 152.80; low, 111.84. 20 RAILROADS Today cocemmencse Saturday ...... Week ago (holiday). Month ago ..... csscssssssss Year ago seessessness High, 1941, 80.88; low, 26.54, EE 1940, 32.67; low, 22.14.
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Week ago (Loliday). Month a0 ..cccccecvssscece Year ago High, 1941, 20.65; low, 16.82, High, 1940, 26.45; low, 18.03,
. 15 MOST ACTIVE STOCKS Sales Net (in 100s) High Low Close Change Boeing Air. ..282 245 28% 24% Curtiss: Wr ..185 10% 10 101s Int T&T ....L 2% 25% 2% Studebaker ..117 65% 65 65% Consol Air ,..110 4% ‘U4 Paramount ..108 15% 15% Savage Arms.101 21% Hayes Body.: 99 Grumman Air 94 Am C&Rad .. 17 Warner Bros. 7 Martin Glenn 72 Lockheed Air. 66 Bush Term... 61 Aviat Corp... 61
Stock salesapproximated 620,000 shares, the most since 640,000 were traded last Aug. 5 and compared with 570,000 Friday. Curb Stock sales were 155,000 shares against 148,000 Friday.
18.50
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UNITED STATES
TREASURY TAX NOTES AVAILABLE THROUGH—
{Nall Dealers Hutnal
FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners
at Substantial Savings
Va. 2456
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DIAMONDS
BE SURE YOU CHOOSE AN OLD ESTABLISHED AND RELIABLE JEWELRY HOUSE
WHEN YOU SELL YOUR
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Top Slumps to $12.10 Here; 10,000 Porkers Sent to Stockyards. HOG PRICE RANGE Aug. 80 ..ceectsccesceses.$11.85 Fy Seat,
Sept. 6 ccoscicsvecscscsss 11.95 Sept. 8 ...ocvenenccseenees 12.25
~ Prices for hogs fell 10 cents at the Indianapolis stockyards today, pull-
culture Marketing Service reported. The decline was made on hogs weighing more than 160 pounds, lighter weights being unchanged from yesterday. Receipts totaled 2200 cattle, 600 calves, 10,000 hogs and 2500 sheep.
Monday, Sept. 8 20GS good, to Clivice—-
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Medium— 160- 220 pounds .. Packing Sows and Choice— : 1S [email protected] 1S scc00cseecs.. [email protected] 18 .ececssvess.. [email protected]
00d— 360- 400 pounds es 10. 33881038 .85 400- 450 Jounds . . unds cvese 7 ©10:0
2200.30 po se0ssaes 250- 500 pounds .. «es [email protected]
Slaughter ‘Pigs Medium and Go 90- 120 By al eevee [email protected]
CATTLE Slaughter Cattle & Vealers (Receipts, 2300) Steers
Chot 750- 900 pounds 900-1100 pound 1300-1300 rir 1300-1500 pounds
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13.76 12.76 12.75 12.50
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9.25 [email protected] 8.00@ 9.25
1.150 12.50 [email protected]
vesseccsesses [email protected] esscsccsecsss [email protected] [email protected] 7.00@ 9.00
Choice— 750- 900 pounds Good— 750- 900 pounds Medium 500- 900 pounds
Common 500- 900 pounds
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Calves (steers) Good god choice— unds down cc.cecceces 11.00013.00
500 we OWN c.oceccscens
Calves deifern) Good and choice— 500 pounds down .eceeeseesee [email protected]
Medium: 500 pounds down ....ccc000.. [email protected]
SHEEP, LAMBS, (Receipts, 2300)
Lambs (spring) Good and choice ccecocsoeess Medium and good COMMON secscesssssnssesss Ewes (sho! nn) Good and choice .cc...eceeeee Common and medium esureess
13.00 12.25 @10.25
4.25@ 5.00 3.00@ 4.25 WAGON WHEAT Up to the close of the Chicago market today Indianapolis flour mills and rai bi paid $1.01 per bushel for red wheat (other grades on their mers), and paid 70c per bushel for shelled new 805; 2 ellow corn; No. 2 white shelled corn, No. 2 white oats, 44c; No. 3 red oats,
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FALL 10 CENTS
ing the top back to $12.10, the Agri-| |
Net Close Change 38 Ww
: MORRIS TO MANAGE
By ROGER BUDROW
With only a few exceptions, the Labor Day holiday caused marked declines’ in Indianapolis business last week. Bank clearings here slumped about $3,500,000 while bank debits fell about $6,000,000. Building permits granted by the City Building C om mii ssioner were just about half what they were during the . previous week. The number _of persons applying for jobs was nearly 170 less than the week before but the number of persons in this area Whe. obYad tained jobs rose Roger Budrow .ioht1y above the previous week. Claims for unemployment benefits were off nearly 500. The amount of railroad froialt arriving in and leaving Indianapolis fell off considerably and pumpage of the" Indianapolis Water Co. declined about 14,000,000 gallons. The Indianapolis Power & Light Co. produced nearly 358,000 kilowatt-hours less than it did during the previous week. Labor Day holiday boosted the business of the Indianapblis Railways however. The street cars, trolleys and busses carried 52,000 more passengers last week than they did in the previous week. The Indiana Bell Telephone Co. installed 453. new telephones in the week as compared with 192 in the week before. The Indianapolis Postoffice had receipts of $94,113 as compared with $79,855 in the previous week. Livestock receipts were below the previous week but grain receipts in Indianapolis were higher. : ployment in Indianapolis was 4.4 per cent higher in August than it was in July, the Indiana Employment Security, Division reported, and was nearly 36 per cent. higher than in August. last year. Payrolls were 4.9 per cent
INDIANA BUYING
State Farm Index Falls Point but U. S. Index Rises Three.
Times Special LAFAYETTE, Ind, Sept. 9.—Indiana farm prices, on the whole, increased less last month than in o0|any time since they started their steady rise last March, Purdue University reported today. Purdue’s Indiana farm commodity price index, based on 1010-14 as 100, rose one-half a point to 128.5 from July 15 to Aug. 15. Indiana purchasing power of farm products fell a point to 98 while the U. 8. purchasing power rose three points
to 100. The U. S. wholesale price index rose a point to 131 while the U. S. farm price index soared 6 points to 131. Prices paid by U. S. farmers increased two points to 131. Actual price comparisons on Indiana farm products: A46ad° wl
Corn, i 15 Wheat, Oat
Aug. 15 1940 $ 63
29 4 6.20 .80
200 DEFENSE HOMES
Times Special WASHINGTON, Sept. 9.—Irving Morris of Indianapolis has been assigned to manage the 200 homes for industrial defense workers at Knox, Ind, it was announced today by Federal Works Administrator John’
M. Carmody.
managers named for defense housing projects throughout the country. All were appointed from Civil Service registers.
course of intensive training in the
community relationship policy of the Federal Works Agency.
NEW YORK, Sept. 9 (U. P.).— Dunn & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Yesterday @0c000000000000000 147.48 Week Ago 00% 0% 0c00c00cse 145.00 Month Ago 9000000000000 000 141.36 Year ABO .......cccseensces 155.06 1941 high (Sept. 8)ceeoecces 147.48
POWER SLUMPS|
H. V. Brentlinger of Lake County|c was assigned to the 200 homes at 5 Walkerton. *| The Indiana men were among 28|
M Before receiving their assign-|N Ind ‘ments the managers were given a|p;
DAILY PRICE INDEX]
8s o
Indianapolis Bi Business Summary
’
Bank Clearings ...................$19,674,000 tevbennnnsens. $52,109,000
Bank Debits Postoffice Receipts ...........cic0Building Permits ......ccco0000000 HOUSES .....:0s tv devsslsnnsasss Apartments ......coccovsvncess Business Industrial Public
®0000c000000000000000 0 eco escvruocsneessese
es cs ec cresecenecssesonttg
Repairs and Alterations .......
Applied for Jobs ...........c0c0000 Claimed Unemployment Benefits (Aug. 30) Freight Carloadings: Inbound
Electricity Output (kwh) .......... Water Pumpage (gallons) Streetcar Passengers (Aug. 30) .... Telephones In Use (Sept. 4) ...... Livestock Receipts (head) Cattle Calves HOES sc:rcecsccsoissssssssssoses Sheep .... Grain Receipts (bushels) -...coc000 Corn Wheat Oats Rye Soy Beans .........:cccc000000
29000000000 ener NNRRERRROS ®000000000 0000000000000 ©es00c00000%00000000000000
”
«ee e0se 219,530,000
Last Week a Year Ago $17,799,000 .$41,249,000 $73,016
Week Before $23,104,000 $58,249,000 $79,855 $139,557 $212,028 $114,721 $124,300 $184,650 $100,150 0 oe 0 0 $3000 0 0 0 0 $8,057 $22,112 987 1,154 602
Last Week
$94,113
346
1,180 1,655 2,395 2,799 1,728 11,349,000 246,760,000 1,183,263 +434 53,021 5523 2,648 39,912 4s 609,000 395,000 20,000
3,790 3,492 14,482,000 294,050,000 1,316,147 +192 61,069 7,664 3,000 39,868 10,537 580,000 407,000 55,000 158,000 106,000 6,000 12,000 0 0
3,484 1,913 14,124,000
1,368,962 +453 52,820 5,764 2,466 36,512 8,078 659,000 452,000 43,000
$1,753,020,000
x 1250
8,575,690,000
1940 Thas Far $706,043,000
$3,114,886 $5,649,106 $2,797,145 | $1,586,780 $848,743 $941,450 $108,926 $563,450 28,631
Eget
I 1
1]
+++ tr +E EE 4
122,046
109,081 61,707 418,464,000
16,078 489,181,000 9,286,210,000 47,421,081 107,218 1,951,564, 172,314 © 104976 1,452,530 185,264 24,873,000 16,275,000 3,910,000 4,194,000 213,000 ; Shao
44,976,648 97,351 2,054,320 221,809 109,094 1,608,029 199,188 17,981,000 10,274,000 3,428,000 3,444,000 366,000 256,000
Sources of above figures: Indisnapolis Clearing House Association; Ingiannvolls Postoffice; City Building Commissioner;
Indianapolis Office of State Employment
MNivict, a 3 P
Security
New York Central; Baltimore & Ohio;
Illinois Central; Chicago, Indianapolis and Louisville (Monon); New York, Ralieaad & St.’ Louis (Nickel Plate); Indianapolis Water Co.; Indianapolis Railways; -Indiana Bell Telephone Co.; Agriculture Marketing Service; Indianapolis Board - of
Trade; Center Township Trustee; Federal Reserve Bank of Chicago; Indianapolis Power and Light Co.
higher than in July and 59.3 per cent greater than in August, 1940. Sales of the larger Indianapolis department stores, in the week ending Aug. 30, were 34 per cent ° greater than in the same week of
Makes Gasoline From Vegetables
NEW YORK, Sept. 9 (U. P)— American scientists have perfected a method of extracting gasoline and other petroleum’ products from vegetables. Dr. Ernst Berl of Carnegie In-
stitute of Technology, in an interview in the September issue of Esquire magazine, declared that farm crops, through photosynthesis, manufacture naturally in the form of sucrosse and cellulose all the carbohydrates needed for the production of oil. “The , world’s crops for three years,”hhe said, “would give us the equivalent of all the oil reserves we have under the earth.” Dr. Berl explained that the whole natural process of forming oil, as well as coal, can be reproduced on a smaller but more rapid scale in the laboratory. He admitted that gasoline cannot yet be produced from farm crops anc waste at a price competitative with present costs but asserted that the future may “virtually change existing economic conditions so that the Berl processes may be entirly suitable for countries poor in hydrocarbons but rich in flora.” .
LOCAL ISSUES
onday, Sept. 8 hi Nominal Sonia: furnished by local unit of onal Association of Securities
Ry : Stocks Bid. Ak a2
m % DP Pub Serv 7%] pid. eee Dropresy Laundry co Pub Serv of Ind., nc com Pub. Serv of nd. Inc. 5% vid 2s So Ind G&L 4.8% pid Tha Unjon_Tijtle C ; Van Camp Milk pfd Van Camp Milk com .....oe. S11 Bonds
Algers. Wins'w W RR 4l2s...100 American Loan 5s 51 .. 99 American Loan 5s Cent Newspapers 4'2s 42-51.. Ch of OnE a Citizens In a Te % 4Y4s 6;
Kuhner Packing Co 4s 49. Morris 5 & 10 Stores 5s 50.. 5s 65.. 1d
general management, tenant and|qrac
“Ex-divide
LOCAL PRODUCE
Monday, Sept. 8 Hea breed colored hens, 8 > and over. full feather 16c; hea breed hens, under 5 lbs., f feathered. 14¢; No. hens, 11c: orn hens, 13¢c; No. 2 Leghorn hens, 10g} 8) a rred and White "Rock. de; N in 2 lbs. and vore, 15c; springers. 3 2 lbs. and over, 15¢; Leghorn horn ringers, 2 Ibs. and over,
1c: cocks, Toe. Eggs—Current receipts 54 Ibs. and up,
ut ges No. 1, Be ee, E> 36%@
1941 low (Feb. 17 seco osne® 123.03
AVE.
But 37c; attertat No. 1, 3 (Country pickup prices quoted the Wadley Co.
BED BUGS? | ROACHES?
EWA RIE Tdi U/se Shur-Deth
LL LE)
—We Deliver—
Phon¢ LI-7459
on Everything Diamonds, Watches, Musical Instruments, Cameras, + Slothing, Snatguns, Ee.
7z| LOUISVILLE (U. P.)—Schenley Distillers Corp.,
Li ; Rock, 196 colored : horn
last year, according to the Federal Reserve Bank .of Chicago. For the month of August, department store sales here were 38 per cent greater than in August last year. Relief costs in Center Township last week amounted to $5268,
PIPELINE CHEAPER THAN TANK CARS
WASHINGTON, Sept. 9 (U.P) .— Deputy Oil Co-ordinator Ralph K. Davies said today that the cost of
moving oil by pipe line is so much cheaper than by tank car that a pipe line from Texas to Bayonne, N. J., could be paid for out of one year’s savings. He told Senator Sheridan Downey (D. Cal.) in a letter that it would cost about $207,000 to transport 200,000 barrels of oil daily to the East Coast in tank cars, BY pipe line, ‘he said, it would cost only $67,000 a day. Over a year the costs of pipe line operation would be - $75,000,000 cheaper, he said, or approximately equal to the estimated cost of the new pipe line, $80,000,000. Mr. Davies is scheduled to appear today before the Senate Committee investigating the East Coast gasoline shortage as the new Supply Priorities and Allocations. Board meets to consider whether to grant priority ratings for between 400,000 and 750,000 tons eof steel plants for the Texas-Bayone pipe line. Surveys of idle tank car capacity and the possibility of constructing concrete, reinforced barges to haul petroleum products also will be considered, officials said. SPAB can not directly halt constryction of the pipe line, but refusal to'grant priority assistance on materials would make building impossible. Informed sources believed - that SPAB would reject the pipe line plan at this time on the grounds that present. steel plant productive capacity is critically needed to provide plates for the shipbuilding and tank programs.
INSURANCE AGENTS ATTEND MEETING
Twelve members of the Howard E. Nyhart insurance agency are attending a regional conference of the Connecticut General Life Insurance Co. at Lawsonia Country Club, Green Lake, Wis. They are Jean Black; R. C. Bless-
Stanley B. Watkins, W. A. Pearson and Mr. Nyhart, all of Indianapolis;
Workman of Goshen, Byron Hargrove and J. W. Stoner of South Bend and John Hargrave of La
$10,000,000 FOR DISTILLERY , Ky. Sept. 9— has purchased the Buffalo Springs
Distilling Co., with a stock of approximately 20,000 barrels of whis-
ing, K. O. Stokes, R. Kirby Whyte,|
John J. Dewey of Columbus, Ronald |
Trustee ‘Henry Mueller reported. There were 1660 active cases of relief and 115 inactive cases. In the same week of last year costs amounted to $25,194. At that time there were 4233 active cases of relief and 231 inactive ones.
1 ’ x Real Income’ Was ° eo AT Higher in July, MINNEAPOLIS, Sept. 9 (U. Py —The average American consunies in July had a record “real income* of $1.34 for each dollar a yeag earlier, a survey ah Isivestore Syne dicate disclosed toda The authority Oy that - despite the effect’ of defense priorities on supplies of certain types of goods,
the American consumer paid -out only $1.06 in July for goods and
in July, 1940. ; “The cost of living advanced one cent on the dollar in July come pared with a year ago but highes cash incomes from all sources, when translated into the higher, costs of goods and services, more than eoied pensated for the increased costs, the survey said.
pak SI
NEW Cream ios
Under-arm Odor «ss prevents perspiration
Aireody the LARGEST SHIR to Prevent Under-arm Odor. -
1. A BETTER way to prevent . rancid odor and perspiration stains. .- 2. Saves shirts from rot caused +. by underarm perspiration. 3. Takes but halfa minutetouse. 4. A greaseless cream which disappears at once. 5. Arrid has been awarded the Approval Seal of the Ametican Institute of Laundering for being harmless to fabric.
More and more MEN turn to Axi2 Ny 257% 51 BY 4 jas
key, at an estimated cost of $1,000,000, it was learned today.
Hata toy. 104 and sor =
39 jor
129 EAST MA
Indianapolis Bond and Share Corporation
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