Indianapolis Times, Indianapolis, Marion County, 11 September 1941 — Page 19

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| BUSINESS

Defense Is a Big - Industry

DOW-JONES_ STOCK AVERAGES 30 INDUSTRIALS.

thas oametanstssapanisnil 300 0.90 ] ‘Week: Age wssesessctsasavans dab =o i oes

“SOARING AGAIN “RAILWAY 80

a A

+14] Be

in Indiana

Alle

But Public Doesn’t Know Much About It

By ROGER BUDROW Ir WAS A SMALL BUILDING, one of the smallest at BE

the State Fair, 4nd many people didn’t even know where it) dn Was. ‘Yet it was jammed with thousands wanting to see five. or six . airplane enginegy wo propellers, a bomb, SE

_bombsights, a machine gin and several other guns and a +

number of photographs.

Perhaps the National Defense exhibit in the Education 8 a last-minute idea of Fair officials, If so, they ated the public’s interest. But it does bring up the question: Why don’t we have a National Defense Show

here?’ The CAA could show how it trains pilots and Col..Roscoe Turner could ghow his: school at Municipal Airport. Perhaps the public would like to. see the new runways, hangars and other buildings at ‘Stout Field. Cer-|. tainly there are some things at Ft. Harrison that would be of interest. ; But the big show would be the hundreds of : defense produets Roger Budrow Indiana's factories are making. The Manufacturers Building or Coliseum at the State Fair Grounds might be suitable. General Motors would probably be glad to show its Allision motors as it did at the Fair and maybe some shell cases being made at Muncie. RAC’s portable radio stations would interest many. Maybe Reliance Manufacturing Co. at Washington could demonstrate how it tests, with dummies, the parachutes it is making. Many would like ‘to see the armor plate E. C. At Tage ‘here, some of the Marmon:Herrington tanks and|® trucks, gun carriages from Pullman-. Btandard ‘at; Hammond, submarine * Jeffersonville. . Eos Stokely’ s would probably show the food ‘that ‘is put in the Type C ration far.-the Army.. Indiana's tomato industry, cheese and powdered milk plants could show what they're furnishing the Army. The list is long. Army cots, woolen blankets, mooring buoys, life boats for cargo ships, parts of “jeeps,” machine tools, uniforms and all kinds of Army clothes, bulletproof airplane gas tanks, all these things and many more are being . made in Indiana for the defense program. ! 8 » 8

THE: SHELL-LOADING plant near La Porte (Kingsbury Ordnance) might be able to exhibit. Same thing with the Charlestown smokeless powder and bag-loading plant, the Navy’s ammunition depot at Burns City. Millions of dollars have been poured into these huge projects and the public undoubtedly would like to know something about them. ® % = THERE ARE OBJECTIONS to the idea. Military secrecy. Undoubtedly there are military secrets but a lot is common knowledge. Allison motors, a year or so ago, Weren't

for the public to see but last week|Good

thousands saw the latest models at the State Fair. Some in the Army and Navy are beginning to realize the public should know more about what is going on, that public support for 31 the money being spent is ne Lo. 8 = : soon ‘A DEFENSE show might prevent some of the squawking around the first of next year when it comes time to pay those big tax bills. It might also stimulate morale and. possibly defense pro-

duction hereabouts. There was

one Allison employee, for instance, who got his’ first look at an Allison motor when it was shown at the Fair. It pepped up his enHisiasn for his work when he . “what a wonderful baby that is.” ” 2 2

The Indiana Defense Council might be the logical sponsor, along with the State Chamber of Commerce and other organizations. Such

a show would mean a lot of work, |C!

cutting red tape, but it might be worth it.

MARKET VALUE OF

‘BONDS DECREASES! 4

NEW YORK, Sept. 11 (U.P).— The ¢ombinad market value of listed bonds ‘on the New York Stock Exchance «decreased during August, the Exchange reported today. The Exchange placed the average bond price at the end of August at 94.86: againsi 95.04 on July 31 and disclosed - that on Aug. 31 there were 1972 ‘bond issues listed, aggregating $56,100,067,080 par value, with a total market value of $53.-|¢

115,610 par value, with a total market ‘value of $53,259,606,637.

DAILY PRICE INDEX

NEW YORK, Sept. 11 (U. P).— Dun’ & Bradstreet’s daily weighted price index of 30 basic commodities

compiled for United Press (1930-32 g

average equals 100):

C Yesterday 800000 Socssveseses 147.10

Week ago S000 esssnevensenes 145.90 Magth 250 Ssssiseessscsanens 141.85 ®sscces eee 000000 115.14 2041 high (Sept, 9) .uv.eornes 1191

; Mediu and Goo

HOG PRICES SAG 10 T0 25 GENTS

Top: Falls to 0811.8 .85 Here as 9000 Porkers Arrive; Cows Gain.

HOG PRICE RANGE

Top Receints eee. $11.85 10,000

Sept. 4 Sept. 5

ri rteana rans 12,00 Sept. 6 ...ceinecercnsensss 11.95 Sept. 8 .oavcecasncncssices 12.25 Sept. 9 , 12.15

2,000

10,000 6,000 9,000

s%000sses00sg000ns

Sept. 11 .... ees 11.85 Hog prices slumped 10 to 25 cents at the Indianapolis stockyards to-

day, the Agriculture ‘Marketing Service reported.

230 pounds sold 25 cents lower than yesterday, heavier weights were off 15 cents while those weighing under 160 Dounds and sows were down 10° cen Today’s practical top was $11.85

pounders.

land weighty bulls were steady. Vealers sold steady in an active market with the $14 top paid freely.

were about steady.

ROGS Good Sh Choice— pound pound pound pound pounds . pounds pounds pounds pounds

160- 200 ‘pounds Packing Sows Good and Choice—

$10. 50011 25

sssessenss Tessesesvan

11.80 [email protected]

.. 10: [email protected] [email protected]

oe 1 01301100 00

330- 360 “pounds ml Good— 380- 400 pounds 400- 450° pounds 450- 500 pounds Medium— 250- 500 pounds . Slaughter Pigs’ Good— 0- 120 pounds .......... yo [email protected] be &

CATTLE Slaughter Cattle & Vealers (Receipts, 700) Steers Chotce-. . 4s vi fei Sul f- un 1300-1500 - an

10.30 10.65 [email protected] [email protected]

secessesneese esses conser seesinee

" 9.25@10750

12.75 12.75 12.75 it 16 12.75

11.25@12. 2 X: 25

esessssonses

750~ ‘900 unds 900-1100 pounds .. 1100-1300 pounds ... » 1300- 1500 pounds sessssnenanas

ediu 750-1100 pounds . Liu 1 pounds

750-1100 pounds .....:..... . Steers. Heifers

Chot S005 50 pounds 500- 750 pounds |

Secessesnsns’

“seve Soper, eves

HE 11.25

sevsvsevesnn

Len

Cesessesness

i Beltery 730. 0 %00 pounds -.. man. 50 die 900 pounds ....s:.ive.. 10.75012.00 DOUNAS eeevereerss 9.00@H1,00 POURS -iviueivesese - 1.00@ 9.00

sevacnnay

8.00 1.

Bulls (Yearlings excluded) Beef

008 socssssnscsssstsceessrs Sausage.- ; 9.00 8.50

Good | ve ses esssstense an Cutter and common. Vealers

Good and choice canon and medium ..

13.5

eee cece

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

tess B NRRL, 800 pounds 800-1050 nds

um-— 500-1000 pounds Common— 500- 900. pounds seessencgsste

“Calves Good and Shoige< . 00 * po 0

[email protected] [email protected] [email protected]

1.50@ 9.00

40cc000ssnvee

eeco0s0scvnes v

jens 11.00013.00

[email protected] . Cal Calves (heifers) : i Good and choi ; 500 Douids oo Mediu 500 ‘bounds down Sepsis

SHEEP, LAMBS (Receipts, 280).

* Lambs (spring)

od and chol feat. nd ood 1

ceridbaneidi [email protected]

ies 7

esssse

ieeenven

tebecsssnes

Good and choice .. Common and medi

U. S. STATEMENT

WASHINGTON, Sept. 11 (U. P.).—Gov-|a ernment expenses and Tecelpis for the current fiscal year a Sept. 9, compared with a

is Last Yi ,605, all 463. 15 $1, =1 288 001. 63 - 1015,082,250.74 : 1,859,509.30 ss Det.. 2,680,729,317.41 815,435,569; 33 ,089,967. 800,325,232.33

cessense

Expenses. . Revoirte 5

9.000] Atl C Lin

8,500 | ao

Hogs weighing between 160 and |B:

for good to choice 200 to 210- B

Cows and lightweight sausage : Ww bulls were strong to 25 cents higher 2

Spring lambs and slaughter sheep Bu

10; 50@10. n Ce!

8.00@ 9.25 z

[email protected] | So

.00 , 7.50@ 8.25 Coty

IC 14.00 [email protected] | Crown Co: 7.00@ 9.50 wn Cro

C [email protected] | Cud [email protected] | Gur:

2:50010.50| Bony

[East pr Lines 32%

3,445,267,098.36 | ¢ 19 15

bt. Gold Res..

Customs .. 81, ,034,014.15

Clearings ............ sveiane

19041 low (Feb. 17) ........... 123.03

Debits

“asst sants esas nsenare .

762.07 0

55,657,031.

vee

s INDIANAPOLIS CLEARING HOUSE $4,361,00 8,964,000

the rest.

personal attention, ;

THE FHA PLAN makes home ownership possible and practical “——even for families with moderate incomes.

There" s a reasonable down payment—and regular monthly installments, figured to suit your ‘income, take care of You're sure of liberal FHA terms and ; i Government safeguards. And if we arrange your FHA. insured mortgage loan you're sure &f sui advice and

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Burrou 3ush 3ush Term . Jutler Bros .. 3utler Bros Pl.. 3yers, A M.

6% . 22 Ya 10%

Callahan Zine.. 1b 11% : 16% + oh +

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Cns RE Cubs i 4Y, Cong al Consum: Pw pf.102% Container Ye

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Pub b Pub or ot t 34% 24% ae Th

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2 om GL vine, decline) la e 240 bs 1 15@12. 10; most wails 5; few 270-300 60-180 "bs. 0.8 3 35@ t 0 “around $10.85; most

eep—Receipts, 5 epring Western ieady to > eA $12; two double 79-lb., piotely sorted Westerns Today's Trad Slow; most bids on

gaiide § = ni Ld jo th i oe a teas

] Month Ago. ...... Year ABO ...ecriiisniiacone kX “High (1941), 133.59; Low, 115.30. : High’ (1940), 152.80; Low, 111.84. 20 RAILROADS

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| =0,20 98 —0.27 9 0,28 me

High (1941), 30.88; Low, 26.54. . High 1940), 32.67; Low, 22.14, 15 UTILITIES

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As Bullish Sentiment “Is Renewed.

after yesterday's sharp downturn. Prices for soy beans rose nearly 8 cents a bushel, the prescribed limit and in all-time high ground be‘fore profit-taking cut gains. At the end of the first hour soy

+v. | beans were 37% to 5% cents a bushel "lhigher with October at ‘Wheat was up 1% to 1%c, Septem5“ ber $1.19%; corn up 1% to 1c, oats up % to 1%c and rye was 1 to 1%c higher.

$1.88%.

Soy beans started irregular, but ‘subsequently developed considerable strength when demand disclosed limited offerings and stop-loss orders were uncovered on the way up. The extreme advance attracted liberal profit-taking and prices receded until the October delivery hit $1.88% where resting order support. appeared in sufficient volume to stem the downward tendency.

Defense May Hit Drug Stores Next

RYNE, N. Y., Sept. 11 (U.P) — That Great American Variety Shop —the drug store—may soon find it|self with a dwindling number” of |sundries and specialties because of |national defense priorities. The average American drug store,

is {with an estimate variety of between

6000 and 8000 items, may have to

»|do without 15 to 25 per cent of its 13 present sales line, officials of -Mc1° |Kesson & Robbins, Inc., said here

at a convention of the company’s

*| executives and sales managers.

LOCAL ISSUES

| 1 quotations furnished by local oy Na onal Association of Securities Dealers. Stocks Bid

Finance Co Ind com... Th Finance Co Inc pid.. & Stk Yds

Belt RR & Circle Theater com Comwlth Loan 2% . Hook pif 14% Home T& Pt Wayns 1% bid 2 Ind As Tel zr $5 04%

Bonds

Algers. Wins'w w RR 4%s.. American Loan AB American Loan 1 Cent Newsp nspapers 4 is 42-51. 2

Ch of G ahs 61.. Sens Ind 1d 3 ri

61. PS zens 5s Crabh-Reynolds-T me T & T

Richmond Water Works 5s 57. 100 Trac Term Corp bs 57

LOCAL PRODUCE

Heavy breed colored =n, 3 wh and over. full feathered, breed hens, under 5 ibs.. full feathered, a No. Cs

and ers, Barred and White "Rock, Noor colored springers, 2 lbs. and vore, 16c; springers, 2 lbs, and over. 15c: Legh om hom apringers, 2 lbs. and: over, llc: coc Ergs—Current receipts 54 Ibs, and up.

2 jen is, = No. 1, 38 38%c; No. 2, 38% st: ottertat No. Oe : No. 3, 33c, ° (Country ,plokup Srices quoted ‘by the Wadley Co.

FOOD PRICES

CHISAGO. Set. New M: higan bu., da Michi an, 2 qt. baskeis § ach—Washington, erates, {iflower— Colorado, crates, i ai 35. Carcrates Lettuce—

e vu i erro

85¢@$1; . Minnesota . Yellow: fdlh Spanish, $1; Colorado’ Sweet Span-

Inborporations 1%

Taakus, | Angelakis & Coucoulas, Inc.,

Ga, Nichols, ls, “Clarice & Co., Inc., Muncie; disution. “Willaims Equity Exchange, Decatur; dis-

lati Cleveland Wrecking Co. of Cincinnati; Delaware corporation; amendment. of arti cleg oN Incorporation.

Way Displ yo. “ Inc. Tom Nichols,

pe ar value; ing business; Nichols, Mary Katherine Nichols,

CQ., 58

Harry Ly rra & Son Contractin Ohio corporation; admitte d to In e in general construction Michigan vorporation;

Hic Mae, Indianapolis: ghange of rom 1

address 302 N St. 1510 N. Meridian 8t., Indianapolis. HR Table Tennis Assn., Inc.. 7135 nroe St., Hammond; no capital stock: . W. Chapman, Harry Kitselman, Geo. Cc Binger an

others.

Advertisement To relieve Migery of ; * L1quin 6 6. NOSE DROPS COUGH DROPS

Try “Rub-My-Tism™ a Wonderful Liniment

’

: i Li From id Florist Association: ag, of Indiana

Wheat and Corn Also Gain|

CHICAGO, Sept: 11 (U. P)—| Bullish ' sentiment flared anew in| the grain and soy bean markets on| the Chicago’ Board of Trade today |

to en-|.

7) i i ll ED

E. E. Thum, editor of Metal Progress magazine, will speak at the Indianapolis chapter meeting of American Society for Metals, 8 p. m, Monday at the Columbia Club, His subject will be “Strategic Metals and Their Substitutes.”

PRODUCERS 10 GET HIGHER MILK PRICE

Prices to be paid milk producers| in this area for milk sold in the last half of August are 3 cents higher per hundredweight than those paid in the first half of August . Leon C. Coller, milk administrator for the Marion County Marketing Area, today announced the uniform price is $2.57 for milk meeting Indianapolis Board of Health requirements and- containing 4 pen cent butterfat, f. o. b. distributor’s plant. Prices paid in the first half of August were based on a $2.54 uniform price. To this $2.57 uniform price will be added 3.5 cents per point of test or 35 cents per pound butterfat for milk containing more than 4: per cent butterfat. A like amount will be subtracted for milk containing less than 4 per cent butterfat. Hauling, - authorized checkoff for co-operative | organizations, . advertising and administration will be deducted from this amount. Prices, according to use, were $2.75 per hundredweight for ‘Class I milk (bottle milk and cream) and $2.26 for Class II milk (condensed and evaporated).

A&P HERE ADOPTS 5-DAY WORK-WEEK

All managers and full-time clerks employed by the Great Atlantic & Pacific Tea Co. in the: Indianapolis| area went on a five-day week today with salaries remaining the same as for the previous six-day week. The announcement was made by John A. Lindgren Jr., A & P vice president here, who said 1500. employees of the food concern. in this area would be benefitted by shortening of working hours. tor “Inasmuch as the stores are going) to remain open six days a week, a readjustment in store operating|s hours was necessary to make operative locally our shorter work sched-|j ule,” Mr. Lindgren said. Mr. Lindgren pointed. out that it was in the “cracker barrel* period

& P: broke the dawn-to-dusk hours of the grocery business by reducing

a quarter of a century ago that A

Oregon Law ‘School I Named by Roosevelt Get Facts.

. WASHINGTON, Sept. 11 (U.

| ~Wayne Lyman Morse, dean of -| University of. Oregon Law * | will head the five-man board :

SCH

by President Roosevelt to im gate the facts involved in the pute between tke railroads and employees. : The National Mediation 3 announced the personnel of board last night after the F ( had announced its formation terday morning in Hyde Park. Thi Mediation Board meets in Chica Monday to determine where fact-finding board will meet. ~ Other members of the ; board are Thomas Reed Pov Harvard law professor; Jo:

| Henry Willits, director of social

for the Rockefeller tion; James Cummings Bon-b finance professor at Columb! versity, and Huston Thom Wasp! attorney.

fay Sulka Adds = ~ 3 Interpreters

NEW YORK, Sept. 11 (U. Py. Purchases by European and South American visitors to this country. . helped lift gross sales of A; Sulka Co., custom shirt and tie makers,’ per cent in the 3 months ended A! 31 as compared with the same 1% period, Bert L. Thompson, preside en! said today. Mr. Thompson said the comp had found it necessary to add ti interpreters to its staff to take car of new business coming from 8 America and European visions Imports of hosiery and other British oo he dise: are coming through witho difficulty, Mr, Thompson

STOCKS ADVANGE | ON JAPANESE NEW

NEW YORK, Sept. 11 (U. P)). Indications that Emperor Hirohito was working to keep Japan out of war together with postponement: a railroad strike brought a rise ints | the stock market today. Prices as the list turned into thi fourth hour generally were f ve tions to more than a point al the previous close. All sections ps ticipated, with ‘U.S. Rubber fes turing in ‘volume. The coin and preferred of the latter. mov ‘into new high ground. - Railroad issues reversed th trend of the previous session. A lantic Coast Line gained 1% to and fractional advances V noted in Union Pacific, Santa Fe, Southern Pacific and New Yo Central. 3

EPOTY

WAGON Up e cl A today J glevators Paid? Sos red whea er Ly on thei and: paid 0c. er “bushel for - aa 2 N: W CO No. 2 80¢: 2 0. 3 white. oats, 44c; No. 3

BEE

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the , work-week from” 3 hours to 85. ¥

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