Indianapolis Times, Indianapolis, Marion County, 24 September 1941 — Page 18
BUSINESS
Aluminum
Service
alesmen Have Become Men Because of Defense
ee————mBy ROGER BUDROW
. Al J. W. WILSON IS A SALESMAN IN REVERSE. He
fries to talk some of his customers out of buying his product.
Try to use something else, he tells them. And a good many A
= fave 4 Jose just that.
A . Wilson works for the Aluminum Co. of America
fr Bere.” He used to be in their Chicago office selling aluminum foil, bottle caps and beer barrels.
= But salesmen of some civilian goods (refrigerators, washing machines, etc.) are the forgotten. men at in the defense program. Production of their items has been curtailed for defense and many have lost their jobs. Hitler is the best salesman the Aluminum Co. ever had. But when Europe went to war and America started rearming, aluminum salesmen became service men because there wasn’t enough gluminum to go around. The Government decides who will get alumfnum now.’ One Alcoa salesman here spends most of his time just with Allison, finding out how much they want, what type, just when it has to- be delivered, talking over changes _rin design, production schedules and cutting red tape in Washington. There are probably 100 or so aluminum parts in an Allison airplane engine, castings, forgings and wrought metal. Much of it comes from the Aluminum Co.'s big Cleveland plant, but the men here must also keep the phones hot with four . or five other plants too. Then there's the Link-Belt’s gluminum, much from Lafayette, and Mallory’s from New Jersey, Pennsylvania and New York plants. The Alcoa men spend much time with manufacturers who are trying to bid on defense business, concerns that never used aluminum before. They have to tell them what alum{num will do and help them with the priority ropes in Washington. - If- everything goes through, then they help the manufacturer in figuring out some of the manufac- " turing process with the metal. "They've turned away a good many custemers but all the time they are keeping an eye open to the future. Some day, they figure, all this defense boom will end with a bang and they will have to hunt up peacetime customers again. So they are examining old promotion ideas that didn’t go ‘over, to see if they will click if presented some other way, and looking for customers that might buy aluminum because is cheaper now than it used to be. To make matters a little more complicated the Aluminum Co. will ‘have four competitors instead of . having practically all the business as it once did.
Roger Budrow
: ¥ 8 8 { THE WAR DEPARTMENT, trying to show that smaller firms are sharing in defense work, says that B0 of its prime contracts for 272 million dollars are 60 per cent subcontracted. How many there were where no subcontracting or very little took place, the War Department doesn’t say. But, it cites the Muncie Gear Works among others as doing quite a bit of subcontracting. Muncie Gear Works has received $1,540,500 worth of orders for gun carriages and has turned 4115 per cent of this business over to 183 subcontractors. # #8
ODDS AND ENDS: Hycar Chemical Co., owned by B. F. Goodrich Rubber and Phillips Petroleum, will build a synthetic rubber plant at ‘Louisville, using butadiene (from petroleum) as basic raw material, turning out 10,000 long tons a year. « « » Home Owners Loan Corp. has moved from crowded Washington to New York, taking 38 freight car loads of equipment and records. Half of its 860 employees stayed in Washington to find jobs elsewhere. « « . There is talk in Washington that the OPM will crack down soon on firms using their defense priority ratings to get vital supplies to make © civilian goods. . . . Keeshin Motor ~ Express has gone back to horses for ~~ short-haul freight. . . . Philip Morris ~ & Co. Vice President W. E. Liebe- ~~ trau and Sales Manager O. G. Zem- . ann were in town yesterday, con- ~ ferring with L. F. Jacobs, the firm's Indiana supervisor, about those new “history of tobacco” ads. ...U. 8. Rubber Co.’s plant at Woonsocket, - R. I, has started making barrage . balloons for the Army and rubber lifeboats for the Navy.
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STOCK PRICES
CHANGE LITTLE. =
News Has Small Effect on Market Which Turns Irregular.
NEW YORK, Sept. 24 (U. P.)— Lregianiy came into the stock ist after an abortive attempt to extend the advance of the previous session. There was little in the news of immediate market import. Dispatches from the Russian front were somewhat less gloomy but Waskington developments were interrupted by some market quarters as taking this country closer to “shooting war.” Mid-week business statistics were favorable. : At mid-session, steel leaders were around previous final levels after yielding small early gains. Chrysler, however, held a gain of more
than a point and General Motors|
and most automobile equipments had small advances. Rails, aircrafts, shipping issues and oils were firm. Coppers, mail orders, communications, rubbers and building shares were mixed. Utilities steadied, after Consolidated Edison and Public Service of New Jersey had set new lows.
GARY ASKS UTILITY MERGER REHEARING
The Gary Common Council has filed a petition with the Public Service Commission asking rehear-
ing on the recent $10,000,000 merger | Col
of the Gary Heat, Light & Water
Co. with the Northern Indiana Qo
Public Service Co., approved by the Commission. The petition re-stated contentions of City officials that they had not been given sufficient time before PSC hearings on consolidation proposals to determine their position and charged that developments subsequent to the merger indicated the move had not been for the best interests of Gary citizens. Although Dean Mitchell, president of the N. I. P. 8. Co. testified dur-
in afternoon dealings today.
Net High Low Last Change
z er fe Abbott Lab evs BB Adams Exp 1 ddress raph . . 12% r Redu i 43 aska Jun
54% TY
.
Sie : Loco pf ... Mach&Fdy. «13
sR SERFS BSF
[iil HIF P40
ra
| Ces
«21 . 96%, T ......155% Tobacco ... 70 Tobacco B.. 71% Tobacco pf.1
4%
E15:
Austin Nich al Aust Nich pr A Aviation Corp..
iH
ct...
aay! FF
se EI
08 hsb Ci Oy = SNES
hn on rS
PF Clark Eq 2 Cleve El 2m pf. 113%
Cl & Pit Climax Mo1y 09 427, Cluett Peab ... 3% Colgate P-P . So
& Col Broadcast A 15% Col Broaceast B 154
2% C Inv Tr cv ‘of. 106%, Com Solvents .. 11 Comwlth & So..
Com’th & So pf. 62 Comwlth Bison 25% Cong-Nairn 18% Cons Aircraft.. 49% Cons Cig pf.... 90 Cons Cig pr ‘pf 98 Cons Coppernms 7% Cons Edison. . 17 Cons Edison pf 99% Cons Film pf.. 10% Cons Laundries 314
ing the hearing July 29 that sub- | cont
stantial economies would result from consolidation and would be passed on to consumers in the form of reduced rates, the petition said, no such rate reductions were brought about. City officials said they had been informed by officials of Gary Heat,
Light & Water Co. that “there will |&
be no reduction in rates since the company has granted a general salary increase which will exceed all economies effected.”
WHEAT PRICES RISE
ONE CENT A BUSHEL 5:5
CHICAGO, Sept. 24. (U. P.)— Wheat prices rose a cent a bushel on the Chicago Board of Trade today. : : Continued firmness in cotton and cotton seed oil prompted buying and
offerings were limited. Other grains and soybeans also worked higher,
the latter market up more than 2|Er
cents a bushel at the top. At the end of the first hour, wheat was % to 1 cent a bushel higher with December at $1.21%. Corn was up % to 3% cent; oats 3% to lc higher; rye up % to 1c, and soybeans were 15% to 23c higher.
OTHER LIVESTOCK
PT, WAYNE, Se 2% 24 (U. P.).— Hoga Steady ihe 220-240 lbs., $ 0; 180-200 Ilbs., .20; 240-260 1bs., 280-300 1lbs.,
15; 30. oy 9. 10.25; roughs, “stags, $8.50. Brie ie.
Tr little Sows a a little each week,
15-DAY TRIAL
by 15-d ctual Seect satisfac
Lambs, $1.50
Ry,
Tenses. P
PRICES
ont Steel Del. Corn Ex Bnk Corn Prod ..
ve 19 31% A. Doehler D Cast.
Dome ‘Mines . Douglas Aire. Cheb 1
pro 5 fo
Du Pont 155% Du Pont pf . 1%era Bast Air Lines. 31 East Kodak Edison Bros .. Elec Auto-L .. Bee Boat Pw & % $6 pf 30% EY Jz $771 1
Eng Pub 5Ys 1% 1% 1% : 3 26% tW «oo B53 Erie of A Wi. 36%
31 144% 17 29% Bi
Erie 1 pf dep . Erie 2 pf dep .. Eureka Vac ...
Tajardo Sue ee B13
.
J SIC JOR
peel ELL 1;
Sug of.. . 3 3
at our risk, that this is the n is or no cost.
. REPAIRS
be, bizgest
FITLIKEN Cuibion plastic, makes ous Bie, ihe ow orem. Thora
Broken lenses duplicated, frames repaired and replaced. Oculist’s pre-
scriptions filled. Lowest prices.
Ya | Hupp Motor
ALSE TEETH if
By UNITED PRESS
THE INDIANAPOLIS TIMES
NEW YORK STOCKS
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS . Yesterday .....ococeenceses. 128.08 0.39 +1.89 +0.52 -—0.29
Month AZO cc.cocecvsenessss 127.08 Year AO ...ccc.ccenisees,. 184.15 High (1941), 133.59; Low, 115.30. High (1940), 152.80; Low, 111.84, 20 RAILROADS
29.13 29.49
Yesterday
eseenecs
po00csco mee
Month Ago ....
| Year Ago
High (1941), 30.88; Low, 26.34. High (1940), 32.6%; Low, 22.14. 15 UTILITIES Yesterday .. Week Ago .. Month Ago ... Year Ago High (1941), 20.65; High (1940), 26.45;
Low, 16.82. Low, 18.03.
High Low Gu M & Oh pf 18% 18%
19 15% rns 8% Pn
—
18% + %
Harb-Walk ....
3 +
Homestake vg Houd-Eer Hud Bay M&S
2S. al V Hudson. Motor. -
A] Central Cen L.. indsls kai sae 1 Rayon - 27% 27% ] ngersoll Rand 111014 198% Toon 11% 11% D 5
« pa
Bhd oe CLC
ul terlake Ir
I: 1 + 1
SEE EEEEEEE
Faas FEE § FES
a jie y
Jewel Tea 35 Johns Man .... Jones & Lgh 24 ones Lgh pf B.
Kelsey Hayes A 157% 15% nnecott 3e% 33% : 2 2 hn 29%, nz
39% . 13
Re G&B ...
Laclede © pf...
Le Le h
Glas . Libby MeN | Life Savers . Ligg & My Ligg & My B.. Lima Loco Link Belt Lion Oil Ref .. Lockhd Aircraft Lone Star Cem. Loose W Bis .. Lorillard pf ...15 Lou & Nas . 68%
AEN
Fld 1612 (Glenn) T= arr, Corp. 30% 0% 307% 96 12 157% 18% 31%
BEE dE
14%, 105% 8%
DED HERE H] E . :
-
save " sii BE. 118 . 13% 2
tt]
M Motor Whi. ullins Mig 5 urphy G C.. Murray
sess
Nash-Kelv .. Nat A
4%, v 83% Aviation...
% 9%
i 11% . 6% . 13% 102 3%
Neisn Newpport Ind Newpe N News Sh
Ya 25Ys Brk.. 3
35% 12 13% 108% 12% 3 No Amer Fe pt 544 54, No Amn A 16 1553 No Pacific Northw Tel ... Norwalk T
—— . 3% . 21% : Re
16% gts S Stl cv 1 pf 56 Out!
Suey Ill Glass. 48% i . 11% %
Ohio Oi
Pac Am Fish . Pacific Ltg .. Pac Tin Cons.. Pac West Oil .. Packard Pan Am Airways Paramt Pict ... 15
tn wt
0rd on Tie BS
58 s & W Va. 13% Pittston 12 bond Crk Poca 18 Poor Ate postal Tel pf.. 12 ress Stl ar
. 10 Press Stl 1 pf. 10% procter r
.
Sob lk
Cit bb a CR
—
ou
et
HES aE Ba
re O: oe 9 Pure O 5 pf... 94%
1+ + +: +]
3 ae Lotions
HE :
3t Jos Lead .. 34%
: ap
HL H+ HE HEE
. . . . . .
. .
|: +4: +1}
. - . .
Std Oil nd... . 3244 8td Oil NJ .... a 8td Oil Ohio ... 111s Studebaker .... 6
FEEL: +40
. .
Net Last Change|U
Ylg + 1% 3%
3% | vanadium
/s | Woolworth . 8 Worthington . eee
, | Yellow Tr ......
211941 Low (Feb. 17) ..........
13c; Leghorn a Hien oy White } “Rock, 15¢; N
AEX: I 3 or buttetfat, No. 1,
| +++ FO
HELI
— '
HHT Hi 25 BErESESRES SS Saas see
. .
a Bs wm 282 0
.
144 1 . 59% 59%
a
Un Stores of..
t+ HE AH EE
=
25% a EI&P 6 i xis 118 Vulcan Det of : xn
ne
. . - .
20 33% 47
f33s2 +14 t | SesFee
-1 ~
fayne Pum o es Oil & Pa El 6
- -- . SERS
2 17% 62 6Ys31% 223%,
& G.. 2 Willys Overlnd.. 1% Wilson &
Wilson pf
hE HE ES
. 31 22% —Ya 15% . 38% nf 87 . 147%
33% 3 Limes " 4 + a4
87 14% sess
Young Sheet . Young Sheet Young Stl Dr..
* HEMINGWAY TO TALK
ON ‘SUPERFINISHING’
E. L. Hemingway, metallurgist at Foster Machine Co. of Elkhart, will
@ speak at the 1lndianapolis chapter 1, | meeting, American Society of Tool
Engineers, at the Indianapolis Ath-
letic Club tomorrow night. He will| Medium
discuss “Superfinishing.”
Purchasing Agents
To Hear Dunham Lewis W. Dunham of E. C. Atkins & Co. will discuss priorities at the first meeting this year of ‘the Pur-
chasing Agents Association of Indianapolis at the Lake Shore Country Club Friday night.
Accountants to Tour Real Silk Mill
Members of the Indianapolis
¥% |chapter of National Association of
Cost Accountants will visit the Real
Silk Hosiery Mills Friday afternoon. A dinner meeting at the Athenaeum
“A Practical Method of Keeping Inflation Out of Inventory Valuation,” by H. T. McAnley, resident partner of Sos & Ernst, Chicago accountants.
Z DAILY PRICE INDEX “fis;
Ci NEW YORK, Sept. 24 (U. P.).—
Dun & Bradstreet’s daily weighted
4| price index of 30 basic commodities
compiled for the United Press (193032 average equals 100): Yesterday .......v.0..000..., 145.05 Week AZO ....cco0vnseennss.. 146.79
MONth ABO ....uvrvvessnnes.. 144.54] 5000
Year AGO ....c....cc0000n000 11746 1941 High (Sept. 9) esevsecsca 147.821 123.03
LOCAL PRODUCE
breed colored hens, 5 Ib: 2 ove TE feathored.. 10c; hea gy pe hens, under 5 1bs., full featnered, el” 2 heavy : breed hens, 11c; Legh hens 106; apr Rock, Ne! er. bs. Ne over. 1 springers, 2 lbs. and over, The: Le; Leghorn springers, 2 lbs., and over, ite; J EEEs—Current receipts. 54 ‘bs. and up,
nts. —No. 1, 38@38%c;
ers, Barred and W
c; c. (Gountry | pickup prices quoted by the
OTHER LIVESTOCK
CINCINNATI, Sept. 24 (U. P.) —~Hogs— Se 2100; moderately active, steady | 2 32 oe pio, ‘the advance on weights 180 $11.80 for good and choice 200-240 oP a ray and gilts; lighter wei 40-250 1bs.,
sows steady; 2 : 260-270 1ibs., $11.50; 280-290 1lbs.. $11. 0- 220: 300-350 Ibs. $1110: 350-400 Ibs. $11 95 medium and 140-160 1bs., $11@11 40 1bs.,
0-160 1.25: 100-1 os 10810. .75; good grade packing sows, $9. 75
Cattle—Receipts, op calves, 250; sales medium to &o ood’ 745-795-1b. heifers snd steers, Meo. [email protected]; 885-1b. heifers sold to arrive, $12.25; most steers slow; medium 2nd ood car "lots grass fed ORerings, 3. 50 three carloads good 1240-1b. steers, 2 yesterday, 310.85: cutter and canner cows era pressu e: cutter and common cows, $6.2! 5; tron ng weight canners, $4. Bas; lightweight, Shel y kinds bid $¢ ‘and under; sausage bulls, $8.75 Sown: Sa ers s y; good to choice, [email protected]; common and mediim u ward to 1012. 50. eep — eip pring lambs quality Pe hte considered: to choice springers, $11.50 Be absent, quotable higher; buik of supply comprised common to meSum I Srhdes. $810 50; few culls down to r,
Pooh PRICES
24 (0. P.).—Apples—
New Miont 22 oi 75c@$1.50. Tomat gan, = C 'omatoes —Mich baskets. se b1. auli-
gan, PER ora Sa TeGis1 flower lorado, crates, [email protected]. Carrots—California, crates, [email protected]. Lettuce Srcalifonia, crates, [email protected]. New Cro Tie Potatoes—Tenn i
owa ho Whee: a 10; Idaho Sweet anish, fie @90c; Colorado’ & Sweet Set 5 85@
Incorporations arm Bureau Co-op-
Madison County F €! tans Assn LE Anderson: amendment
ing ore Tro shar sede stock: x as par alue
par Rural Blectrie Memberlphi; amendment of articles
Bloomingi Botha. 112
ism re a a peso
chan e of Merchants Bin ind Indiana The i
ll PEE
No .2, 36%@|§
1b. averages, $12.50; 143
50g
- Sonn oe
FIVE-GENT GAIN
Lightweights and Pigs Sell Dime Higher Than Yesterday.
HOG PRICE RANGE
Ton 1% .$12.00
18 seeveecssessssnens 11.95 19 cesocecscncasessss 12.10 20 ...acrcnreveianess 12.05 Sept. 22 ...c.icenaioeness 11.85 Sept. 23 ...c00000000000000 1LT0 Sept. 24 .. «ee 1175
Receints 6,000
7,000 8.500 1,500 11,500 6.500 6,000
Sept. Sept. Sept. Sept.
Hogs - weighing more than 160 pounds were 5 cents higher than
yards today while lighter weights and pigs were 10 cents higher, the Agriculture Marketing Service reported. Today’s top was $11.75 on cheive 220 to 230-pounders. Sows were steady to strong. Good and choice vealers were weak to mostly 50 cents lower while others were unchanged.
BOGS Good and Choice—
cevensaessaer$
“ee . ft ke dd pd fk ft ed © Oras bid DQ 8385535358 %
Medium— 160- 220 pounds 5 Packing Sows Choice— : 0d Ea Coole [email protected] 10.606210.75 10. 50@ 110.70
vee. [email protected] ves.. [email protected] . [email protected] [email protected]
360- "400 pounds 400- a0 pounds 450- 500 pounds Mediu 250- “500 pounds Slaughter Pigs Medium and Good— 90~ 120 pounds ......... ove
CATTLE Slaughter Cattle & Vealers (Receipts, 1200) Steers
Good 750- 900 pounds ..cceevessoce 900-1100 pounds .. 1100-1300 vind 1300-1500 pounds e
750- 1100 pounds 100-1300 Rounds Jom! 950-1100 pounds ....
Steers Heifers Choice— 500- 750 pounds 500- 750 pounds
se0ces0sesvee
00 9.25@ 1: 50 8.00@ 9.25
sevens
[email protected] [email protected]
[email protected] [email protected] [email protected]
Chotce— oo. 900 pounds .....ceeee. 20 > 300 pounds 500. 50 pounds mm
sssevecsenss sesecsvcsnneee
sesessecse
(Yearlings excluded) Beef--By Si GOOA ..c.evcevssccsssnssnsse Mediu;
m Cutter and common.. Good and c¢
8250 9.35
i hi 9.00 8.00 7.50
8.50 .:18. 20
evéene
8.25
3 00
a | will be followed by a discussion of [Cull
Feeder and Stocker Cattle (Receipts, 600) Steers | Cholce— : 500- B00 pounds .. 300-1050 pounds ..
500° "800 pounds 800-1050 pounds
[email protected] . [email protected]
[email protected] [email protected]
[email protected] 1.50@ 0.00
esesvsvscetes secesssncnsns
sseseseoesess
tessvscnnse
Good and ehofce— 00 pounds dOWB eeieoveecan Medium 500 Pounds down . ‘Calven (Leifers) Good and choice— : eee [email protected]
500 poids down 500 pounds down . [email protected] SHEEP, LAMBS (Receipts, 2700)
Lambs (spring) Good and choice ...eepveeuse [email protected] Medium and good = 20, [email protected] on 8. 9810 .25
[email protected] [email protected]
sessnsenee
Ewes (shorn)
Good and choice cesve Common and medium ...cocee
s| CHICAGO LIVESTOCK
9000; light-
4.25
3.00 02
Hogs—Receipts, uneven;
rn | weights steady to 10c lower; butchers, 230
sows generally steady $11.80; bulk 180-
1s, Li t Eo} 0 strong; ex Sie 270 bac $11.50@11. 75° most 270-300-1b. butchers, $11. eal, 65; smooth 350-500-1b. 3 [email protected]; few lighter weights,
Cattle — Receipts, 13,000; calves, 800; generally steady poy) fairly active trade on yearling steers; light heifer yearlings frm bay weighty kinds weak; dependable
up, and
arket, pry $12.75 paid for three loads light and ong yearling steers and $12.60 on 787-lb. pel ers; numerous loads yar and yeartype light steers, $11.5 ran strictly good and 0 Lge 1200-1400-1b. steers, these weak to 15c._ lower, improved quality considered but demand mederately broad; most weighty steers on early er, $11.50@12; strictly noice 12700 lbs., $11.75; cows downturn;
scarce but dull at week's 25@5
beef cows, 31.5 ern ra kinds 3! to 5; wei shippers bulls Sone at § $9.25@9. 40; “eaiers Sipong at ; [email protected]; negligible Supply bring $14; hr EhLy stock steers du sympa Shi late yesterday; § six doubles
g lambs or fat yearlings; most ea oe %nevenly lower but holdi a siricly er fully stead above and choice fed year 3p 125 HTS fat ee re steady; bulk na ive ewes,
$4.2 U. S. STATEMENT
WASHINGTON, t. 24 (U. P.).—Government expenses and receipts for the curfens fiscal year through Sept. 22, compared w a year
Ixpenses .
0: This Yea 34 571,859, 765. 12 82, 1918 D4. 128. 8 teceipts 0!
1033,401.46 1, Azs, 1920,257. 2% . 2% 34,826.364. 26 - 706,026, - 3 14.26 850, 051,318. n 2,348, 3,368.10 2,516,529.845.05 1 1594,350.80 1,782.17 7.848. 16
..5 ,056,541,316.35 Ror 122,747,074, ni Ph 8.4 sa 926. 34 97,861, 66,349,446.45
INDIANAPOLIS CLEARING HOUSE
Cleasings cessassssesssansses.$ 3,464,000 Debits oa rr terranes his
fr OR CRATE
...of anything else you send is whisked swiftly, carefully — to any of 23,000 nation-wide points. Pick-up and delivery at nio extra charge within our regular vehicle limits in all cities and -orincipal towns. A phone call brings service. RAILW,
ACBNCY ee. |
A NATION-WIDE RAIL-AIR SERVICE J
on Everything
Diamonds, Watches, Musical Instruments. Cameras, Slothing, Shotguns, Ete.
JEWELRY co, |
MADE BY HOGS|
yesterday at the Indianapolis stock-|
however, on all grade light cattle :
@12,50; but
SS
R. J. Thomas . . . blames auto industry and Government.
MANY TO LOSE
JOBS-THOMAS
‘Union Leader Says Reuther
Plan Benefits Were Disregarded.
DETROIT, Sept. 24 (U. P.).—The Government’ and the automobile industry were blamed today for a “tragic crisis of unemployment” said to threaten motor plant employees engaged in non-defense work.
President R. J. Thomas of the United Automobile Workers (C. I. 0.) accused the Government and the industry of a “major crime” against the defense program and the workers by refusing to accept a union proposal for defense pro5 | duction in auto plants. Mr. Thomas said in a report to the Tolan Congressional Committee investigating migrant labor that the
last winter would mean “unemploy- | ment as usual” this winter for the employees. “The industry,” he said, “has refused to prepare adequately for national defense. Major automobile
temper with their regular productive equipment. They have hesitated to do anything which might interfere with their capacity to expand production in the highly competitive field of automobile production. . . .
3| This brought big profits out of de-
fense prosperity.” He claimed that the “Reuther plan” prepared by U. A. W.-C. 1. O. official Walter Reuther to convert the industry into a “basic section of the American arsenal of democracy” had been ignored by management and the Government. Mr. Thomas said the plan, which called for utilizing ‘‘excess capacity” of the industry for defense work and
““Ithe re-tooling of plants for war
order production, was the key in accelerating production for the defense production. He said 215,000 auto workers would be displaced and that only 60,000 would be absorbed into defense plants. The result, he asserted, would be “little ‘short of catastrophic for the communities involved by reducing labor purchas-
industry’s “business as usual” policy Ind Gen
companies have preferred not to|N
WEDNESDAY, SEPT. 24,1941 Expects Crisis
| GREATER FOOD
OUTPUT SOUGHT
Indiana’s Share of ’42 Farm Goals Outlined at Meeting Here.
Britain needs milk, cheese, eggs and meat, America needs more food
and because of this the Government is asking farmers in Indiana and elsewhere in the nation to increase their production. The Agriculture Department’s Ine diana Defense Board met here yese terday and made plans to establish county production goals and a came paign to increase output of Indiana farm products as urged by Agricule ture Secretary Claude Wickard. L. M. Vogler, Indiana AAA chaire man and head of the 10-man dee fense board, said the effort iz “not an all-out effort because we are asking for increased production oniy in certain foods, whereas we are dee creasing production of such things as wheat of which we have more than is needed.” The Agriculture Department wants Indiana to boost milk proe duction from 3,465,000,000 pounds estimated for this year to 3,612,000, 000 pounds next year; egg produce tion up from 128,167,000 dozen to 143,547,000 dozen; hogs from 1,403,« 645 pounds to 1,545,292,000 pounds and soybeans from 814,000 to 1,090,« 000 acres; beef and veal from 536, 375,000 pounds to 616,831,000 pounds; and lamb and mutton from 47,630,« 000 to 48,250,000 pounds. Decreases in production are asked for wheat, oats, barley, tobacco, rye. Allotments for corn acreage are une changed. Mr. Vogler said the expansion will be based on principles of proper land use in an effort to avoid the mise takes of the World War.
LOCAL ISSUES
fod Nominal quotations furnished loc Sop of National Association of AM
Stocks Bid Ask Agents Finance Co Ind com... 7% Ag 20 *} x]
Co ¢ Tak Ft Wayne 1% pid. 80 Ind Asso Tel Co $5 pfd.. 104% Ind & Mich 1% bf Indpls Gas Co
® Serv pid. Drain lec Hon had 1s PL 3% % eo pid.
Ind Tops ve 1s Water: 3% pid. THO Water Class A Lincoln lomn a% Linc Nat e Ins N Ind Pub & Sry Sfp N Ind Pub Serv 6% N Ind Pub Sery n% a Progress baliy.¢ Pub Serv of Ind. oa Pub Serv of Ind., Inc., "50% Totd ne So Ind G&L 4.8% pid 97% Union Title C .s Van Camp Milk ptd.. “ens Van Camp Milk com ........ 11
Bonds Wins'w wv RR hs. . Loan B51 isis ve
1 com... 1
Works 5a 87. 100” 5s § . 73
WAGON WHEAT
Up to the close of the Chicago market today Inaisnapols flour mills and He elevators paid 97c per bushel or red wheat (other grades on their rotor and paid Tlic per bushel for shelled new No. 3 yellow corn: No. 2 white shelled co
ing power $6,140,000 a week.”
rn No. 2 white oats, 40c; No. 3 red oats, 40c.
Especially
No formula exists
your estate.
‘a Changing World.”
IN THESE TIMES
® The complexity of your personal estate problem must inevitably run a close second to the uncertainties of the world situation. A great war always speeds up the rate of change in the value of investments and drives every thoughtful individual to constant reconsideration of ways to conserve the wealth he has accumulated.
for infallible invest-\
nent judgment, but there is a way for men and women of means to expand the basis of their own wisdom. Such action often begins with a conference between you, your attorney and our Trust Officer. By enlisting the trust experience of American National you acquire breadth of vision, knowledge and constant attention as allies in protecting
We cordially invite you to investigate these advantages to yourself and your heirs communicating with our Trust Departent. A representative will be pleased to call at any time or place that is most conient for you. Or, if you prefer, write for py of our booklet, “Your Estate in_
AMERICAN NATIONAL BANK
at indianapolis.