Indianapolis Times, Indianapolis, Marion County, 17 September 1941 — Page 18

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America ls Building Now for a ~ Brighter Future, Millikan Says

re ———ly ROGER BUDROW =r ;

~ THE SHAPE OF THINGS TO COME in the next few decades keeps Dr. Robert A. Millikan from getting too

gloomy about the mess the world is in now.

"This distinguished physicist and Nobel prize winner at} California Institute of Technology believes the war will actu-

ally stimulate progress in some fields. .

Below are listed some of Dr. Millikan’s “white hopes” for the fu- _ ture, With each are a few ex- . amples of

feation in the years succeeding the Nar,” he says. (Aircraft is the newest and fasting growing industry in Indianapolis with Allison’ making engines, Curtiss-Wright making “propellers, and scores of smaller firms helping them. Three air- ~_ Jines serve the city and three * dines are competing to start a Detroit = Indianapolis - Memphis flight. In the future may be air ‘ freighters instead of bombers.), ss = =

“The whole field of alloys is 2 clearly moving forward at a very ‘fapid rate, especially with refer.ence to combining the maximum of

lightness and strength.” - (Aluminum Co. of America has a giant and still growing extruding plant at Lafayette. Delco- _ Remy division of General Motors x s ‘Allison engine parts at An-

using solid molds. ‘around Gary are experimenting in many kinds of steel alloys.) tf 4 ” ” . © “The exceedingly rapid develop- . ment that is taking place now in plastics, and the provision of sufficiently. hard non-scratchable sur- _ faces for such plastics is clearly going to have a large influence on transportation and on domestic life in a great variety of ways.” (Two. Indianapolis concerns and ‘several other in the State are now working in plastics and realize they've “just begun.” Indiana is second largest soybean growing State and some of its other farm products are being made into Jiastics.

3 ® = 3 7 “The notable advances being made . right now in short-wave radio and in the travel of radio waves through “eylindrical conductors are certain 3 make the field of communica ) out in new .directions in the ng decades.” (Radio Corp. of America is still | enlarging its plant in Indianapolis, ‘has another at Bloomington. Much

: «The new knowledge that has} been gained through studies in the ‘mechanics of soil erosion are at the present time revolutionizing agriculture.” © (There are several large tracts ‘of land in the state where methods to stop soil erosion are being tested. Proper cultivation of hill- - sides and other methods are being used more and more.)

. “The developments in Jong-range weather forecasting are already ha very reas effects upon the dling of power systems, agriculture and military operations.” (Five-day forecasts for Indiana

LOCAL ISSUES

Fo ot” Nations Association of Secorities

Ind., Inc. 550 Th od 4.8%, ot pid 91%

effect Sept.

| Bet

: Incorporations new

{C. OF C. REPORTS

| Pace Slackened Here in

‘August, Mostly in Consumers Goods.

The Indianapolis business pace slackened in August, according to the Indianapolis Chamber of Commerce survey. Although employment in ‘the durable goods group, which includes defense work, .showed continuous expansion, employment . in plants producing consumer -goods showed a decline. for the third consecutive month. Both were well above August a year ago, however. : Building permit valuations were 17 per: cent. under the July total and* 24 per cent’under August a year ago. Permits for business and industrial concerns were '132.5 per

August a year ago. Residential permits were 23.1 per cent under July but ‘15.4 ‘per cent over a year ago. Utilities—telephones, water .accounts, streetcar passengers and gas meters—all made gains over July and also over August a year ago. Electric power consumption was 3.8 per cent over July and 159 per cent over August a year ago. Township and WPA relief con-

claims were one-third less than in July, but benefit payments. increased.

INDIANA PROFESSOR |= HITS CREDIT CURB|E

ATLANTIC CITY, N. J, Sept. 17 (U.: P.)~—Dr. Albert -C. Haring, economist and professor of marketing at Indiana University, charged yesterday that present regulations on installment bygying are a detriment to the little man. Speaking at the Eastern convention of the National Retail Furniture Association, Dr, Haring -suggested regulations be balanced further because “they are a much

{more severe burden on the con-

sumer earning a modest weekly wage than upon those of greater income.” . The regulations were. placed. into 1 in an effort to curb excessive. purchases on large-plan installment buying. Dr. Haring said the Federal ‘Reserve System should make efforts to equalize the burden of regula-

stores.

RISE IN STOCKS LED

NEW YORE Sept. 17 (©. P)— Stocks were irregularly ‘higher in moderately active dealings today. Special issues continued to attract most attention but better, demand {also was noted for most” old-line industrial leaders. Selected . aircraft, ‘shipping, arms and amusements shares were strong.

new ‘high at 49%. Directors of

of 100 per cent on the issue.

LOCAL PRODUCE

breed colored hens, 5 1bs. ull , Jeathered Lh ® he eavy | and , full feathered, 14c; No.

e Ro 2 lbs. and over, 1

18D Sbringers, 2 1bs., and over,

Leg gn springers, 2 lbs., and over, ite; 25 ent receipts, 54 lbs. and up, Butter—No. 1, 39@39%e¢; Nos Ose wo

38c; butterfs: t, No. w Coun ustry } “lekup prices io tea

Day Bradstreet’s daily weighted compiled for United Press (1930-32

average equals 100): .' Yesterday - $8 000000000090 00°%, 146.59

a Week Ago $9ce00’s0c00c0s0ss, 147.10

Month Ago sedssesssssesnette 143.22 Year AO ........cee0r00ne00 116.58 1941 High (Sept. 9) s0s00%0 00 1941 Low (Feb. 17) ....c0o0es

U. S. STATEMENT

ad LL] t. 17 1:08 +

ernment receip rent Bacal ve year -{hrouth Sent. 15, compared with a yea

Yea Last Expenses at 007, 329,091. 4 su ;881, 06 219. 32 Receipts ,380.7! 1,120.434,371. 3» Gross Def. . 2, 137,030.280.13 '151.761,900.97 Net Def.... 2,697,811.350,72 _ 736.2 0.97 F ot Bal.. 2, 10,000,408.75 2,506,102,610.80 14. ,300,315.38 © 1,772,407,959.95 “8b; 915, ns 182, 58 31.061 1821, 728. 3 33,7381

36.685. 126. INDIANAPOLIS Dd HOUSE

18,087,000 FOOD PRICES

CAGO, t, 17 (U. P.).—A in. Bu 75¢@$1.40. LT

baskets, 256@75¢. c. Spinach

crsies, $1. Ll0o1 Tp. 0% Garros Ganitornie: & cae weds 3D New Crop Cro Swat Pt Scot PhiataesTennestes be. p31 $1 sal A: 0c; Colorado Sweet Spanish, way

eset0cccscetencesaonnts

Clearing: DEBS ieee einsrnssssiannerien

les— | B®

558 lo: a | Eat Elms C.

|p no capita 8 gar be. 3 amet e C.

‘on Foargiting

Diamonds, Watches, * Musical instruments, Cameras, , thing Shotguns, He

DIP IN BUSINESS,

BY CONSOLIDATED =:

breed | C

DAILY PRICE INDEX|&

YORK, Sept. 17 (U. P)~|Som

{ Gloveland Trust Trust Co. Says

Afferican indus

| ‘| the motorists og the Eastern states

Five of these M-3 medium 28-fon tanks are being made every day at Chrysler's arsenal near Detroit

and production schedules call for 15 a day by February. Chrysler officials remind visitors that Jum a year ago, corn was growing where this $20,000,000 arsenal stands new.

NEW YORK STOCKS

\llen

cent over July and 36.1 per cent over | allied “Chem {Ped Mis ees 14%2

res Allied Stores pf 8

A Air 4 Alleg 4 4 4 4

Allis-C mer:

ams EXD oe. Reduc Alaska A een,

By UNITED PRESS

DOW-JONES' STOCK AVERAGES 30 INDUSTRIALS 12% Yesterday o..csceeccncsccees 127.43 -0.28 Nios SBiL he 1 Week Ago .... ses 126.58 0.00 “¢ Month Ago ..... ees 126.01 NYC 6 Omnibus... 4 1. ihe © YeaF ARO ..ccosresssestscsns 181.28 NY NH & H pf.11-16 11-16 11-16 High (1941), 133.50; Low, 118.30, ~~. (NT Ont & 3 3 Say High (1940), 152.80; Low, 111.84. 241s 24% 20 RAILROADS 4Y, 134 1jts

Net Tas Change

130 “yy za

ies id gt Fy + %

Net 3 Last Change High

N v Central .

High Low Low . A

Te Ya . 43% 43% 4% 4Y, Corp ... 7-16 7-16 Indust .. 8% 8%s «161% ets

13% %

Ya 43% — % 4Ys ~— Ug 7-16 1-16

hal ..... 30 29.20

Am / Am

4 . Yesterday. cecocccccocscecasse 12%, 13%

Week AO <suesvossecsstoses 29.04 g. 13s 1 hwst ‘Airline 1215 12v¢ Tel .... 38%

Am I 3m Ca

tinued to decline, with WPA hit- | Tecnu 23 ting a new low. Job insurance am

BEEEEREEEREEEES

nac ‘rch Da. Armo Irmo

Asso D

Dien Bi bt oy a » 5 B

Sehizo tl C

SESH» 5 » i

Bald oco ct ... 18% Balt & Ohi

Bolt

tions on all type of consumers and Ben

Beth Steal 7D f 181% Kn ?

Blaw-

Bhim Budd

Am Metal vives

isso Dry < Sk: we Li

oy ds

Ati G. HK Refining .., 23

S Oo on Barber = Balt. 2 Bath Ir Whe oo: 20%

Bu ie Wital sess

Butler Bros ...

Callahan Zinc..

Month ARO cecessonnceisscan a orthw ) 3814 Year AZO ..ccceveccsssscsnss 28, 4% 2 High (1941), 30.88; Low, 26:54. Norwalk T ii. 2 or A High (1040), 32.67; Low, 22.14. Ohio Oil ....... 8% y 15 UTILITIES | Oliver Farm Eq. 22% Yesterday oo.covcecaccacesse 18.70 omnibus: ....... 4 Week AgO secescoss 18.52 Sper Co BE “es 5 18.35 Year. ABO ..cc.iuiiean 22.15 High i Low, 16.82. High (1940), 26.45; ‘Low, 18.08.

— Ye + ¥'%

8% 22% 4% 1

5 12 25 317

4% 2% 173, 1% © 15% 114 143% 29% 30% 18% 14% 9%

. —

FESR we ESSERE aa

: Net High . Last Change

i 4B .103

Ts poser

SW FERRE

FH HHH

BFF SREESEe

Dalihay Bad i bars, 1 Ee 1 pf.112% Darke Davis ... 30

pat] e Pat

. » . -

francisco Bug. . reel Su hur.. Frue.

++i 1

Eaunrop. SManaNELRE. +

87 22% %

& oS

ir Robt ..... 2% samewell Co ... 20 xaylord oot. eee 12 n Am Tr ... 51% bi Cable ples soe ", 94% en Olectric ... 333% en Foods . 40%

Baking 6% 3 Xo 6 cv pf pL Mills 90%,

oe oe

sesso

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Bs 28% SWaCabie. La 3 scose

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joodyear . Ys oodyear ot oe gs

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Corp oe.s 4% Be

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9 12%,

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Radig +iecovsene 1 Radio 8 or Ry Sec’ TI

Pia © savees 19%

200020000

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Seana Lace yo 11 HA i

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Consolidated declared a cash divi- | Soriaia-teed dend of $2 and a stock dividend |Chain

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& ol sc @| Col & So by hel

om price index of 30 basic commodities| &

Cons

ns Cons Cons

147.91 | Cons

Cons

123.03 | Contain

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Corn Corn

Crane C “Crown orc

Crown Zeller ah Crucible St . 061.207.188 Cuba RR "80 WA 03 Cudahy

Curis % Curtiss

Davison Deere -& am Bere ¥

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ec ‘Boat .. 15 3 Elec & Mu ind 11-16 4 ec Pwr & Lt

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Kres Kroger G&B .. : 381

+1 4

18%

23% 237% Y Fri

3 23 6% 6% 87% 6% 6%

maine” waived Superior ga - fF 15”

. . . - . .

Laclede G esos 14%

fet Bs!

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+1 +

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HaENg Ins SS BR ERREES HEE = aeTerRes maar FT simmered sates 2 ses ; ® = NB 441

Cigar . igar pf. Cig pr pt. 96%,

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Prod .... 52% Prod pf.. 178%

reg i i xw 44

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on,”

| growth of protective purch

A par’ ‘value; to deal in’ milk

2 value; mining and. ‘coal; Kenneth Youngs,

| shi of :

FOR FUTURE WE

it Is Cause of Many Troubles. .

CLEVELAND, pt. 17 MU. P= is suffering from a wave of “protective purchasing,” the monthly business bulletin of the Cleveland Trust Co. said today. ; “Defense industries have been stocking up on. materials because. they have feared that they might not beable to get them easily later! the bulletin said, “and because they were nearly sure that costs would be higher if they waited. “Non-defense industries have bought ahead for exactly the same reasons. So have Government departments. The Women acted in the, same way when they stormed the stocking counters, and so did

when they decided to keep their gasoline * tanks nearly full instead of empty.” The company’s bulletin attributed “prevailing abnormally low interest rates,” as a factor favoring the

asing. These rates have made it “temptinely safe and inexpensive for producers to tie up capital in the dead storage of stockpiles of goods.” “This is one of the reasons why our economy has been sopping up huge volumes of materials, and producing too few munitions; ” it said. “We have been stocking up too heavily, © and producing teres goods too .slowly.” The report said manufacturers’ inventories now are thé highest on record, both in dollar value and physical value. It said that the sharpest rise occurred in goods in progess of manufacturing and only a small rise in raw materials. This indicated, the report added, that a considerable quantity of raw materials may have been put through one or more states of manufacture and accumuldted as protection against a possible forced redistribution of raw materials.

JAPAN HINTS SILK WILL BE BARTERED

NEW YORK, Sept. 17 (U. P)— Japanese military authorities have suspended export permits for the shipment of silk from Nipponesecontrolled China except where foreign exporters can arrange for a barter trade in wheat, oil, gasoline and ‘other essential materials, a cable from the Foreign Silk AssociaHon ¢ of Shanghai disclosed here toay. The cable was received here by Raw Silk Importers, Inc. Trade quarters here interpreted the move as an indication that in the event of resumption of commercial relations between the United States and Japan, the latter would seek to carry on its trade ‘on a barter basis with silk being shipped Bere in return for ining of oil and

Incorporations

Marmion Industrial Properties, Inc. I= dianapolis, = dissolution Sy Bore Valley Coal Corp., 1114 8S. ’ Terre Haute; agent, Mrs. Bessie . Shun same address; 100 shares no value; to Operate coal mines; - Robert ul H. P. Schuh, Jessie B,

704 SoM $100 ‘and oth 0 ay and food .products; Theod ore, John R. Browne Jr. John on Marion. Saxon Coal Corporation. 8th and Main Sts., Petersburg; aout. Kenneth Young, same address; 1 shares without par

Youngs,” Carl : r County Rural Corporation, oration

articles of incr giasquss. a0 oomingten, , dissolution. ge Co., Gri od jmendment Tray “capi al’ stock to: 5000

00. ar val i y operative Ne

entaio” Member-: Rensselaer, amendment

Baicy J. Roa Wayne: 1000 shares no pats Jalue: to a in coal, eg ete. 8. 5 Rooks, allie. Lo. - Powell; Her schell Brunran ant, Ellis Michaeaux. 3

vas “Net .Low Last Change 4% 4% + 7 q Mae Ya law ; 106% : 10¢ 7 Vy 13 14Ys 4, 4Ve: = Vg 123% | 57 8

; #

seeh

bit *

27. 101% 57

+120 21 2694 3: A

a : 8054 Univ Bea 1 pf..156 156 Vo yan Raaite pf. 114 114 Chem .... 43 43 Vo Carn Ch 1% 1% Virginian Ry ‘pf 32Y: 32% ——

valdorf Sys .. 9% . % 20Y,

algreen Tal Rt GoW 35%, Jalk H GW pf 15% V oy cessne DO

arner Bros oe arren F&P ...

tell At bt ? WB = J

. . .

"se

Fi bbb

11H ELE

weighty a eb "903 WW. FE ame Bivd.s P| ates

= a ol. J holdover eh Y ferings from ear $i 1 a

2 25° weighis, $11.50; choice naivés y 118

FEF nN

Upton i, author ‘and lecturer, will speak at the first dinner meeting of the "Executives Club of Indianapolis at 6:30 p. m.

+ tomorrow at the Columbia Club.

Mr. Close will discuss “The New ‘American Empire.”

WHEAT PRIES ‘RISE | & AFTER EARLY DROP EZ

CHICAGO, "Sept. 17 (U. P)—|

Wheat worked fractionally er on the Chicago Board of Trade

day after showing small losses at| Good std tn 3

the outset.

Soybeans scored gains of more|.Gaod—-

than a cent a .bushel before the upturn was checked. Other grains| were little changed. At the 'end of the first hour, wheat was % to % cents a bushel higher with September at $1.18%. Soybeans were 7% to 1% cent. a

bushel - higher; corn unchanged to}!

off %c; oats unchanged to up sc, and rye was 3% to %c higher.

Defense

Quiz ||

Q—Why were the Nation's retail stores asked to sell Defense Savings Stamps? A—American, retailers were not | asked—they volunteered through their national organizations to un= dertake the sale of Defense Savings Stamps on a vast scale, starting during Retailers-for-Defense Week, Sept. 15 to 20.

Q—What is the slogan for Re= | Good

tailers-for-Defense Week? —“When you buy anything, any time, at any store—buy Defense Savings Stamps, tool” Note—To buy Defense Bonds and Stamps, go to the nearest post office, bank, or savings and loan association; or write to the Treasurer of the United States, Washington, D. C. Also Stamps are now on sale at most retail stores.

REYNOLDS PROMOTES DUNN NEW YORK, Sept. 13 (U. P.).— The appointment of Donald G. Dunn, formerly sales and. advertising manager, as assistant to J. Louis Reynolds, vice president’ and general sales manager of the Reynolds Metals Co, was announced today.

|CHICAGO LIVESTOCK

ceipts, Tig mg to mostly 10 cents lower;

heavier weights 1s and sows generally steady;

in cr rop scaling below x us these. unevenly 10@15 cents or

nd choice 180-270 1 ita nia practical JR ly 3 exXtreme top,. $12.10 Ir 11.50

11.80; good 350-5 00-15. SOWS, 5 as fighter weights to to 310, gs snd 2hoye. Cattle—Receipts, 700; re= ceipts abridged and genersl Raritet a ‘little more active’ on bo local . and; outside account; even weighty steers. getting a little: broader action following yesterday's dull unevenly lower closing. ifade, mm most | - yearling bs igh

er; ances 5 100

is rin. with. a 2 Iv I by si

yearlings

three 0! 3 15; nt year. ni 1 est -

down; weigh , $138 vedlers, , slow steady, but cents ; late yesterday, veral decks choice 1.90; good Hgnter 1 d 125-1b, ust ti 2 oud e aroun = estern amEhier | ow : Today's trade: Sliccle ee trad jing on soul

ng lambs; i Feil Jone: or $11.75 down on| nay ive and $11.90 above $12: fat, Jeep steady; few native ewes, $6.25; bi g

nchoice ‘Western held » 88 dor down,

OTHER LIVESTOCK

hy Sept: 17 Oo BS

oi 1bs. Hl 53 Matis, St Ibs, is

FE $11.50; TH

10.65: 200.150. 08% $10.30: stags, $8.50. Calves, $ $4. ’ Lam

BE MEASURED NOW!

; Sept. 11 cecssvenes

. Medium

on | 1§-0ENT GAN MADE BY HOGS

Top Advances to $12 Here;

Spring Lambs Lower At Stockyards.

HOG PRICE RANGE Top Receipts Sept. 10 vrtivisnsieitt SILI ! 6,000 9,000 6,500 1,000 9,000 10,000 6,000

Hogs eh more than 160 pounds’ ere 10 cents higher at the Indianapolis stockyards today than am lifting the top i $12, the Agriculture# Marketing Service reported. Lighter weights were un=

‘cents: lower than yesterday

¥ HOGS rie oe... $10. 50 : ite

11.85 11.55 11.25 [email protected]

hse sesvesens 11. 15@11. 75 onatking Sows

sssoscessssce

160- 220 pounds'

10.65 1 29 10.5 10: Li [email protected] 9.85 gids [email protected] [email protected]

“860- 400 founds s 430- 300 pounds 5 Medium— 280- 500 pounds .. - Slaughter Pigs

Medium and Sood : : 90- 120 pou: «ese [email protected]

“ca : Slaughter Cattle & Vealers (Receipt 900) ugh : ( pis, 900)

oun [email protected] [email protected] pounds 5 .50 1300-1500 POUNAS cecocssssscns + 11; [email protected]

750~ "900 sesssascacses 11.00 20 900-1100 . 00 1100-1300 1 8 1300- 1500 11.50

ose

0. 1 e00s000e0000e . 10.25

TID pounds cuuiasessess. [email protected] eeensevenses [email protected]

1100-1300 00: pounas

780-1100. 1 pounds : Steers.

Choice 500-750 pounds ......cc.... [email protected]

500 750 DOUNAS ......eo0ese [email protected] Cholce— Hefters : } 950-.900 DOUNAS oseesosccoses [email protected] 750- 900 vOUNAS .iesessscess 10.75012.00 Mi TTY 500- 900 pOUNdS ...cessssccee 9.00010.75

Common— 500- 900 pounds .....scseceee 1.00@ 9.00 8.75

7.73 17.25

Cabos ssRsstnenentenentote

7:15 Medium ..ceceeznne eer cen i Nu Cutter and | medium... . 8 git Ca BOE secotessses ra ivee 5.00

Beet (Yearlings excluded)

d Sssvscedocnscsttooncsne 8.250 0.29 Sasa

ee vee 8.50 2% Medium “ee ad Cutter and common. csvesers 50 839 Veslorn 3 Good and choice Common and medium ves Cull

Yeodet ana jasocker Cw Cattle “Sects

11.58

to zor 800 pounds $10.50 teesesansseas 33

800-1050 pounds ssceeesecscss 10.25 Gooa—

500-800 pounds [email protected] 800-1050 po unds [email protected]

[email protected] 1.50@ 9.00

90sgts0cqecee 08000000000

Sta8sansesees

Good Aud chiolee ) 8 Da pounds dOWR ‘ev.cecceses 11,00013.00

500 Sounds AOWR ..oseco0.000 [email protected] Calves (h

Good and choice— siters) 500 po unds down essesecesese [email protected]

500 pounds down .i.......c.. 8.50010.50 "SHEEP, LAMBS (Receipts, 1500)

Lambs (spring) Good and choice 4 eessaess HEH

9000; weights - 240 : lbs. Medinme

and g 10.75

Comm

"Ewes ( Good and choice ..... Common and medium .c...... 3.00

' 'NAZE FILM TO BE SHOWN MELBOURNE, Australin (U. P), ~The Nazi film, “Baptism of Fire,” showing the conquest of ' Poland, which was shown in Norway to warn Norwegians not to resist Nazi de-

Yealer mands, will be shown in Australia.

The :Australian-censor has licensed

ie it for exhibition.

ye Need a LOAN

On Your Home? Consult us! !!

TURNE

116 N. Delaware St.

be of Dentur- fa of satns SN et

~ Y A hl FER COATS Largest Selection in the Siald

CITY LRT)

LEE LE eB

For Your Fall ‘Clothes

Over 60 Pattems is Choose From ; a p

AGS ALL-NIGHT DRUG STORE Meridian

EP St LP A PAT,