Indianapolis Times, Indianapolis, Marion County, 12 September 1941 — Page 26

Public Service Co. Surpasses Cousin| Utility to Become Indiana’ s ‘Biggest

-By. ROGER BUDROW

= IT PROBABLY ISN'T IMPORTANT but there are some arguments going around as to which is the bigger utility in

Indiana now. Mergers complicate’ the argument somewhat. = A year ago Northern Indiana Public Service Co. was.on| top of the heap. Thisis the concern that does business most-

iy in the northwestern portion of the ‘state and has its :

offices i in Hammond. Itis a 95 million-dollar utility.

~ But last week Public Service Co. of Indiana, which serves central and Southern Indiana, rio wath | four other power eupan making a 08 million=dol~lar combination] : % in puts it at ‘the top now. hid NIPS, ; the brokers call. 1, ids plan-

utility which will | .

‘add another 10]

million . dollars.

That would : make it mighty |

close ‘to the combined Public

Indiana Public Service are old: Insull companies that are trying to put their affairs in better shape than he left them. One of the complicating factors in the race is that Northern Indiana has as its customers: the big steel mills along Lake Michigan and the highly - industrialized section - up there. In times of prosperity it may be able to surpass its rival, which has a slight edge at the ‘present. #” # RB THE PUBLIC still has much to ‘Jearn about securities... Wall _ Streeter E. A. Pierce is telling "about what hapepned in .one of his Western brokerage offices recently. : A farmer brought in. a block of Liberty bonds, bought in World War I because he thought it was his duty to support the Government. He hadn’t even clipped a coupon since then. Moreover, he thought he was supposed to pay the ‘Government interest on the bond. He came to the brokerage

PORKER PRICES

Top * Advances to $12.10; 6500 Hogs Received ° At Stockyards.

HOG PRICE RANGE - S$ Gsseesessocserneniss $1200 Becaints ssceccsvescsscnises 11.95 2,000 8,500 10,600 6,000

Sept. 5 Sept. 6 Sept. 8 Sept. 9 ceresansceiriesesans 12.15 Sept. 10 ..ciioseaviossiavon ‘12.15 Sept. 11 .....cov0veronce.s 1185 Sept. 12 .....c0te0eteces.. 12.10 mmn—

sepesedisreneesans 12.25

Hog prices rebounded 25 cents at the Indianapolis stockyards today, boosting the top to $12.10 for good to choice 200-210-pounders, the Agriculture = Marketing Service reported. Weights: under 160 pounds were unchanged. An estimated 500 salable cattle were received, 600 calves, ‘6500 hogs and 1200 sheep. . Yearlings and heifers were about steady while: cows were weak to 25 cents lower under limited outlet.

erally steady, .. HOGS Good and Ghote ;

pound

office to find out where to go to|Medium—

pay that intelest. ® GERMANY LOST enough wool and cotton to make: 5,500,000 army

blankets and 30,000,000 ‘bedshe®ts | Good—

when British and Russian troops took over Iran, according to the British Ministry of Economic Warfare. It adds that Germany must Reich to take bedsheets with them. forbids Jews. expelled from the Reich to take bedshetts with

- 160-200 pounds ....... eonaee [email protected] Packing Sows

Good and Choice— 270- 300 pounds ...ceeeeiiens $0830 300- 330 pounds ......... «soe 10.75 330- 360 pounds .. os 10. cssosesnniase by 3%

eovocsedecece 9.98

[email protected]

ss000ssuss 380- 400 pounds . 400- 450 pounds = B00 saree 250- 500 POUNAS .evecccoassns Shaughter Pigs Medium and Good— 90- 120 pounds

CATTLE

[email protected]

‘The Ministry declares Germany| sisughter Cattle & Vealers (Receipts, 500) Steers

lost its last source for boxwood which is needed in making muni- 4 S harges down into

two bedroom house costing $2780]! was set up experimentally at Indian Head, Md. torn down in 4 hours 40 minutes, trucked 32 miles and put together again in 3 hours. Moving cost: $300, including material lost. . . . China bought about

260,000 bushels of wheat from Ca- |G

nadian mills last week. . . . Man bites dog: A subsidiary, Auto-Ord-nance Corp. wiil absorb the parent company, Thompson Automatic Arms Corp., under proposed merger plan.’. . . Price ceilings are being put on Southern lumber, and Western lumbermen believe they" re next on Leon Henderson's list. . . Hoosier James S. Adams has quit as head of OPM’s auto branch to ‘return {to Colgate-Palmolive-Peet because President E. H. Little is ill. «. . YOU can buy toy lie detectors now, badmintcn rackets strung with nylon, and clock encased in transparent plastic sq you can see what makes it tick.

LOCAL ISSUES

ominal Juotations furnished by local Lot. Na al Association of Securities Stocks Ask

ts Finance Co Ind com... ts Finance Co 'In¢ pid...

Bid 7 PL

Co 5%% fd... 90 oat Life Ins com . N Ind Bub Serv 8% of Bid... 100% N od Pub Serv idl a a dhe Progress Laun nee es Pub Serv oF ha me. 3% pid 93% S&L 48% p P 97%

ae vd - Van Camp Milk COM .suessee 11 : Bonds Jers ¥ w BR 4s. .

100 Cent Newspape "> “ali 42- 51. «190

Ch of Co Cit bi-ReyuoldsTa Jor 43. 97 ar hig 2

8 Tot Fi Ft Wayne 6s is Sis. Ne

d Assoc Tel Co 3 3 10- oe «+-108

2.104% Co 4% 49. ..100 8 & 10 Stores 5s 50...100 Water Works 5s 65 TV

Choice— 760- 900 pound

1100-1300, pounds 1300-1500 Pound Good—

900-1100 hound

750- 900 pounds FL 1100 poun: . 1300 pounds ..c.covcece 300-1500 pounds eceevonsecees . 10.7 1100 ds 9.25 - UNAS .cocosncevscs ID. . 1100-1300 | Pounds oil%liiii. 9.28@ilgs 750-1100 pounds ‘eccecv.vcosoce .8.00@ 9.25

Steers. Heifers Choice \ S00. 750 pounds ........... [email protected] 500- 750 pounds

e! Choice ” 750- 900 pounds ....eeeve0e. 11. @1250

ae. 900 POUNds c.cecoeess.. 10,[email protected]

Mediu 500- 900 pounds cecccceccses [email protected] 1.00@ 9.00

Heit

Common 500- 900 pounds ......cecc000 Cows

eersises wees ee X , \Yesrlings execlud ss \ £8 od) Good 0000 uP00ps0enatAgRrtate PL God 8.50@ 9.00 Madium .00@ 8.50 Cutter and common......... 7.50@ 8.25 Vealers

seve 3: gps

Good and choice 13.00 9.50

Common and. Inediym wesenase Cull 1.

Feeder and . Stocker Cattle (Receipts, 600) teers : esessacsssss. $10.50 seine “ous 12821138 25 [email protected]

to 50t 800 pounds 800-1050 poun

Gooa— 500- 800 pounds 800-1050 pounds 9.75 10.50 & Medium— v3 500-1000 008 pounds [email protected]

Comm B00- 500 Pounds ®ssssscssveon 1.50@ 9.00 Calves (steers) Good &

d choice no. Do pounds dOWD eeiecsssnes 11.00013.00 500 pounds QOWR ..oveceecess [email protected]

Sees 0e000000e

Calves (heifers) Good and choice— +259, Doun pounds dOWD .cccsccseses [email protected] 500 pounds dOWD ....cce000.. [email protected]

SHEEP, LAMBS (Receipts, 1200)

| Good and c

Medium an: Common .:.

Good and ChOICe ....c.soeees Common and medium ..cesse. 3.00

Hogs—Receipts 4000; uneven erally steady iP on all weigh ng to 10 cents higher; to and "choles Jo. 240 1bs., $11. 12; 210-300 106.. 11.26@132; oor ‘3 0 50@10. 40; lighter weights

+. calves, 300;

but genpis; Sows

cents off compared yi earl Monday; most Dedaling AICS. jos gn. 8

with rinkling ch 1a er” I eck here mostly you nes Some of these a fresh Pon taken off market; ady; odd head ‘to , froh COWS ut” prices Tittle different an esjeniay's cutters selling a

3 under $5; most i Py cows, $7. dt ff cons br 86

and upward

eens, «Ra

CLIMB 25 CENTS

6,500.

jase

8.25@ 9.35] 5

CHICAGO LIVESTOCK

Bso1% 10 10 Si. ) C

€ | Cont in- | Cont

High

abr = StEaus. » =

Adams. ; 23la Air Reduc .... 42%

Air-Way Allegh Lud stl’ 1% Allied Chem «15 Allied Mills 14

Allied Stores +. 3%

Vealers, seep and lambs were gen-|42

PoL 5 ® Pi A iH Rad & Roll Mill. .. M f

[a yy

da \nchor. Hoc Hock’ G 3 Am Viscose pt. ied 2 \PW Paper .. a \rch-Dan-M ... 33 Arm

our Armour Ill pr 0 D

EREREEEEEE >»

rN Ns >» oa

«15%

1d ‘Loi t . Bald Loco © r-10%

Bait & Ohio -

Barker Br pf.. Barnsdall ..:

tereresnsess 11.00@12:00| BE!

Beth Steel Beth Slee 7 7 Black & Boeing ee Juve Al Br.

on a B. Borden Borg-Warner .. Brewing Op Am B t Rigas See ges Ecos ol-My .... &

: . 8 Burroughs Piss Butler Boos, of. fF Butte Byers P A ease 10% Byers pf ...... 97%

Cal Packin me

Gent “Ae uirre .. ent Viol rs

ty Stores as ark } imax uett Pea

018 ese

20 2522309098 1000 - ot

on Cons Edison Cons Film p:. . 10 Cons Oil He Cons

s Cont Cont Ins il Del Copweud Stl ...'1 Corn Ex Bnk

Corn dom Prod 0

Tlygld - 67% 5%

t & O 1%. Barber Rsphait. 15

=. ia 230

“

BRER.53

. Co 43 vee 31%

« 45 oo 23% 5 .

pf 175% 1 y Inter ....11-1 Ci 17% -

: Net Low Last Change Yesterday vos Week Ago: .. ‘Month Ago. .... if Xear Ago ..i..covee. ..

52% 22%

531% + 2%

Yesterday sssssscasssan A Week Ago ceesessensned Month ABO sesv0ccscnss Year Ago

veesssss

Yesterday oocoocqeessce Week Month Ago «.iiuosevees ‘Year Ago ...

20.32 0.95 29.81 27.30

High (1941), 30.88; Low, 26.54. High '(1940), 82.67; Low, 22.14, 15 UTILITIES

+060

0.18} High (1941), 133.59; Low, 115.30. : ‘High aw, 152.80; Low, 111.84. 20 RAILROADS

18.6%: 18.29 -—

21.65

High (194), 20.65; Low, 16.82. igh (1940), 26.45; Low, 18.03.

~0.38 —1.06

. .

! High Curt ap pr 25Y2

Curtiss-Wr . Curtiss-Wr A . 27%

LH Sg +244 | te Les bE LS

a Ss ® SE an

Davega Strs .. De: & Ci

11: +) Sey

L+1+::

Douglas Airc . w Chem

Buplan Silk vo Pont ...

. . .

8 «+152%

East Air Lines . 32% East Kodak ...141

Fleo 1 Elec St Bat ... 32 Eng Pub 8 .. ls

Ex-cell-o0 .. Erie pf A wi .

. . ae . . Soanias NS ROSE pes

AE] LE He Le]

Fair, Fair,

8% restone pf A, .103 lintkote

. 14% ra Stove. 2614 Food ae Poster Wheel 18% |

FRR ESSE

; n Thtre Ea.. Gen nTime jus. Gillet te 8g R..

ai lle S $5 nf. 1 Bros

in rold H00C

tte

03 5

000

wi ITTY oe

orban. Hos... m-Faige

" QRQAVAAO0

EE wes

oo MGS

Src P

C300 but bb DIDI 0909 &O b= SEES

WB NF 8 - i

0Q00C 1) 0)

LHHHE HHH HH

0090 Py

pe 5

Hanne © Haves Nix

sssee

oo oo

FE Sie = ini

FE FS

Fil Fl

ot a 0 00 po ON *

* a0 “ea .«.

Sararatan

b pf... 40 ; Bhalness M 188% 1 rvester. . 547% vd El A. Marine . ckel .....

Ti 3m epee

By C Am

ET . 2 FOr =e

FlELeR0 + L4H] Hl

HEEHEEERCEY EEESE

13%

garvis Co ..... 10%,

Johns-iien a i | Jones & oe

. .

pr ep

Low 25% 9 27%

-t-

oh eb pd © : ee ncn

Rabie ; salsel

= - om

$12 : 83%

7% 1% 19

2% by #1

: 3Y

13%

Net Last Change + Y% -— 3

25% 9 -27

5% 28

+ +

29% —

8 Lentiiacs od > ae

=RyssNa,

rT. ht 0a ub RI Snr aS mE Ie -

FF = Fooled

SF SE SRE

EXREFS

bt 2 5 vv ed BE

5 Gy a

. .

AEE FFE D+

+: FH

, pao

SEE aps

pbs

HELL HE HE

. . .

+1: 14+

. Xo ~

Seams hh Saar op iat Hirt

SEs

Ares wr son 4

“4 pat eES

8y UNITED PRESS

DOW-JONES STOCR AVERAGES : | 30 INDUSTRIALS . reerscrsrarie 127.1% essasssss 124.90

Mack TE ee ue Bi Sa G: :

Lou G&E A Lou & Nash ... 65

arine Mi 4 far St 2X Pr Be 1

Re,

Re;

. .

tHE

L+4::

Safew

i+ sR

nati Su

g or o or aol: alu le] 2 > — A or # 2 : oA i Ix] GO ors ba Di =

s Owens Hl ‘all;

No. Pan Sepia Norwalk T iciov 2%

Pac am Tn | Pac Coa bac Const 3 8 : Pac

tt". ara Pic 2 pf. ark Utah ....

we 3 «o% PON pt

jose > +: +]: HIE :

ed RO, > . . .

. .

Std

Cle Tw wm nn:

oSRIENER CE HEH HR +L I;

pais >

Bb fb nd pics, SHEIHLLLE

I I: =e

a, 5

rabipOs DT » © Bed © =J0 ¥

vn .. 16

SELL HHH

23 $e -

37 ¥

. a oF ‘a

Hee

F.}

LH Ft x SERS ddddadddaaaddd

ed Lo SRE NERS

- ~TEI00 1

PEL: p+

dad

ni niv

a » WE

mes at the, sensationally low

The oe Jps advertised in in Thursday's Indi ’ S 45 5 are to be soldat. 0c 35a ‘Down. a8 Listed. in the. altvertisemeit....

DOWN .and at: Bk \3

[Radio . Rayonier pt.

eo . oe. . 00

- Gos ESR

a £909 $8 14 i aa TSE

satosss.

. .

= +

Ra LETH HEEL

ed fd Bhatt daahhe

- ’

. .

Semen BEE, HEE

va 13s Ta dw 3 1% 107 2! th 3

| eisesee

i rr 103

Real ah

res eg o yoseets »

Ka¥erid oau o Sg aa 222 8025

nnRnRRnngnnG

ee d939dgeddds =3 83 a

pf .

LL. 10% Republic 8 si i Ta Revere 7 pf.

Std Brands pt 11

G&E

SE re Bans gadddd He ie og gS 44 § Bana: S52Ecd ass a fll 1 sg 5 C10 % = =

Bae E

RT S5a hE ag 4 58 £3

DY on Try 23 gs ® &=Zo -

| ned

T of .

van “Rate oe Va-Caro 2 IC Or 4 of.

orf Sys

alker, HWard Bak pi - 2

CT eese

or thing wn

ceessvese 4 3% 4 . 28% 282, 28%

Ry pf .... ft

A TIONS

High 18 3

119%

yn "Me t . 14 feyn M cu cv pf 93'2 Redngeld. oi Roan An Rustless 1 & Bt. 13%

tips Stl. 14

.161

a ver O47 3

fe nadium ..... 25%

. 26 1

W 34

Ces BIC

+g. BD pa DDD ok

22 orth’g cv pr ot 60

=STOUT'S FACTORY 1

ood wiikimen requis fot sims ams :

2 1% 21 32%

ft Sh det

gr Net Last Change

The sales staff of Downtown Nash Sales, Ine, | 528 8. Meridian St, went " Chicago i today for a national meeting of Nash representatives to inspect the new car models. Left to tight as they were about to entrain are Chatles Watson, F. S. Kurdys, president

and Rene manager; John ‘Ramp, sales manager; Don Burgess, Oscar Williams, GM. Hoover, F. w. Mikesell and Ross Deaton,

NEW. YORK STOCK oe uo

16 33 9 54

PH LHR DE

. . . .

). 7A FE, 30 wr flelds| w Mexico will]

lof southeastern. ‘Ne te’ tod th i Agreement on Lease-Lend Goods Has Extensive

initial in {wide a full dress rehearsal Potentialities. By WILLIAM H. STONEMAN

enemy invasion. Crews will begin in late afternoon Cord Sue Chicago Da ove, nc.

turning off the valves which have |been’ spouting flames from waste LONDON, Sept. 12 —Formidable and almost unlimited. implications

: gas since the first New Mexico. oil pool was ‘discovered, and the entire are contained in the new Anglo= American agreement under which

|ares: will ‘be ‘dark by the time the Ee 138000 ‘square mile blackout begins. the. British undertake to limit the use of Lend-Lease ‘materials in the

statewide blackout was Srgod by Director of Civilian Defense Fiorello H. LaGuardia, who explained that New Mexico, as # : border sate pun Sparse population, ; “poten e section. through {which an invasion .of the United Stites might be initiated.”

SOY BEANS SOAR ABOVE $2 MARK

BH price Is Highest on Record; Wheat, Corn Climb to New 4-Ygar Tops.

CHICAGO, Sept. 12 (U. P)~— Soybeans for May delivery skyrocketed to $2:00% a bushel on the Chicago Board of Trade today, an alltime high record since Wading started in October, 1936. fa] It was the first time the two 1 }dollar mark was chalked up on the boards since the boom days of rx | when May wheat sold at $2.05 “ Grains also shared in the advance, with wheat and corn climbing new four-year peaks and oats of at the best level in seven years. Gains ranged from a cent a bushel to nearly 4 cents, the latter on soybeans. Best prices, however, were not maintained as profit-taking de- | veloped in considerable volume and prices backed down from best levels. At the end of the first hour, soybeans were 2% to 3% cents a ¥s | bushel - higher with October at $1.93%. Wheat was up 5% to 1c; % corn unchanged to up %c; oats up 12 to %ec, and rye was 5% to lc 3 higher. The: advance in the market was due to general demand and short|s covering prompted by the tone of the President’s radio address and reports from Washington that farm : |bloc leaders believe that wheat 1 prices. should rise ‘to around $2 a bushel. Othér North American wheat » | markets followed the action of Chi-

picions, as a ey " and not a Te. versal of policy” ay as “only fair Its practical effect upon British business remains to be seen and may be less severe than would be thought at first sight. But its broader aspects have not escaped the notice of anyone. By signing this agreement the British Government has acknowl« edged the right-of the American Government to determine the manner in which American goods shall be distributed and used. If this principle is maintained and devel« oped, it means that all the vast quantities of goods which Britain z due ,to get from the United States will be used subject to the consent of the United States. To judge by the present agreee ment, pains will be taken by the United States to see that the ree ceipt of such goods by Britain in no way causes increased British competition with the United States on the free markets of the world, If the United States exercises the prerogative established by ‘this precedent, it will be able to ear« mark not only steel and cotton bub even such things as ships, . May Dictate British Policy .. And since, if this war goes on for a year or two more, Britain will be largely dependent upon ships and other supplies received from the United States, . the United States will be in the position of dictating to Britain how she shall cago. fin her economic’ and commercial rs ife. In any cade, say British experts, the United States will be able to tell ‘the British to get out of any part of the non-British world in

STOCK PRICES TURN IRREGULAR AT N. Y, i British competition is found

0 be annoying. ‘{NEW- YORK, Sept.:12 (U. P.) —~—

While the British, as’ noted, ace cept the present agreement as come The stock market turned irregular in afternoon trading today after

pletely fair under the circumstances, they cannot contemplate these : broader prospects without wondere displaying firmness. ing whether they are not being Many leading issues turned down on usual week-end profit-taking and evening up operations. Selective

handed the wrong end of the stick, buying went ahead inh specifi] issues

[J which had gains ranging to 3 points. 04° 09 Some selective selling brought de- . | I | 1 clines of a point-and more. [| [AHL N

Market men considered the Roosevelt speech constructive in that it ended uncertainty on fhe country’s position with regard to the freedom of ‘the seas for American vessels. TIE UALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners

The fact that Japan was not mentioned also was seen. as a helpful item in that it might indicate some progress toward settlement of Japgnese-United States differences.

FOOD PRICES CHICAGO, Sept. 127(U. P. Apples

New Mi chigan ~ 75c@$1.25. Sr ouiatoes LI DasKets, 40c $1.25 .

Michigan, ; ach. on, ‘crates,’ 1.15. Te Cae crates, a

+1:

. . .

— . . . . - - . Sra oni EE & She FREES

at Substantial Savings

Wa. 2456

Open Until 9 3 Saturday Night

Net High. Low Last Change| Wright Aero ‘ee 114 111 11 —=2% Ye

+ 16% \15 Young Sheet ... 38% 7 Young Stl Dr... 14% 14%

Zenith Ra Rad. i... 1h: 11% 1%

— —GHICAGD STORE

15%

HH HELE AHR

ECC SC

"MEN'S

at $17.75

You'll want a suit’ anil topcoat that’s perfect in appearance, right in style, . ,low in price. That's why we know you'll like these! Every desirable fabric.

| Men’s 2-Pants $9950 All-Wool SUITS

Compare with others selling at atmost double the price,

Emi ES a rE Ne Es a LL ES eS a

ETON