Indianapolis Times, Indianapolis, Marion County, 6 October 1941 — Page 16

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ore Controls Suggested to Keep Cost of Living From Skyrocketing|a

. IF YOU BELIEVE COST OF LIVING is high now, Just wait. It will be 10 > per cent higher in the next 12

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months unless the Government. steps in and takes drastic|4

High, 1940, 32.67; Low, 22.14. 15 Utilities ’ Saturday seccscnnce Week Ago Gest s ss sssntsenain Month Ago @sssecssecntse Year Ago High, 1941, 20.65; Low, 16.82. High, 1940, 26.45; Low, 18.08.

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+ This is the view of to leading economists, published in the form of a symposium by Indiana University. The economists blame the Government's policy of financing the de-|Am fense program by selling bonds to banks, which increases public purchasing power at a time when the supply of civilian goods is being cut by defense production. Others factors putting us on a

ENE H0 PRICES UP [EEE 1070 15 CENTS -

emment agencies oi 2s More Porkers Received Here 4 Than at Any Other U. S. Market.

HOG PRICE RANGE Top Reoelpte| 4% e Sept. 27 000000000 0000000. $11.35 2,000

Atlas Sept. 29 sosvecocccoccscces 11.85 10,000 Aust 23 COP ib

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. The 1942 Oldsmobile Custom Eight Cruiser Four-Door Sedan.

TRADE CENTERS HYDRA-MATIC! IN UNITED CORP. DRIVE STRESSED

1 Stock Sells at Is at 50 Cenis: Frontal Design, Lengthened Market Irregular; Fenders Make 1942 Volume Light. "Line Stand Out.

EV YORE, Oct. 6 (U. P)— By DAVID MARSHALL e stock market made an irregu- Oldsmobile for 1942, announ lar decline today with volume light, today, has been named the B-44 4 except in United Corp., which was 2 boosted by an opening block of 65,- cause it “is better looking, better 500 shares of 50 cents a share. lasting, and better built than any Leading issues fluctuated in a car in the company’s 44-year hise small area. A few stocks were tory.” The line includes two Sixes and

changed more than fractionally. a| Net losses of a point and more were noted in Allied Chemical, three Eights, with a total of 15 body Ye types. All models have the Hydrae Matic Drive which Olds engineers

Firestone T Pirestone Aad First N StFs . Flintkote ...... 13

Florsheim A 22 Freept-Sulphur, 37%

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Defense

Quiz (From the Treasury Department)

Q—What simple and satisfactory way is provided for all of us to express our gratitude for being Americans? A—The means is the purchase of Defense Savings Bonds and Stamps —available to almost every man, woman and child. Ownership of even a 10-cent Stamp carries the satisfaction of knowing you have helped the nation to arm. Q—Suppose I lose my Defense Savings Stamps? A—You are out of pocket to the amount of their value, just as if you lost money. Keep your Defense Stamps in a safe place. Note—To buy Defense Bonds and Stamps, go to the nearest postoffice, bank or savings and loan as-

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Oct. 4 ..... cedeee 11.15 versity of Minnesota; Dr, Marcus|ou. : EA

Nadler of) New York "University and Dean C. A. Phillips of the U versity of Towa college of

. « 15% Und Ell Fish .. 7 Union B & P.. 11 Union Carb 75 Union EI E] Mo pi. 111% n Un Pacinn ree Un Pac pf Un Tank . 38 on Aircraft. . we 37%

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Hog prices rose 10 to 15 cents at -|the Indianapolis stockyards today, | |the, Agriculture Marketing Service

iow Fo

*|Johns-Manville, Sun Oil and Na3, |tional Bond & Investment pre-

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To restiain inflation, they suggest ‘credit control, release of G

reported. Weights above 160 pounds rose 15

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th Steel 66% Beth Steel 7 Pf. 122Y, Blaw Rook on

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] Boeing Al : Bohn Al & Br.. 30% 3ond Stores ..

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Un Air Lines .. 13% n Biscuit .... 13% Do nited Cp

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Gains of a point or more were

sociation, or write to the Treasurer of the United States, Washington, D. C. Also Stamps are now on sale

say assumes greater importance bee cause of its ability to save fuel,

Other advantages, they say, are ime proved ‘getaway, a special pick-up gear for passing and climbing steep hills, and increased safety from surer traction on snow and ice,

Bumper Improved

THe most striking appearance features of the new Olds are the frontal design and the lengthened fenders. Instead of a single bar with grille guard, the front bumper now has two separate horizontal bars connected by vertical guards. Both bumpers are joined to the frame by, steel bars. Front and rear fenders are streame lined as a part of the body contour, Front fenders extend midway across the car doors and rear fenders al« most halfway. Body details include door checks that prevent doors from closing by their weight, an automatic dome light which switches on when doors are opened, grouping of instruments in front of the driver, and large windows. Chassis frames are stronger and heavier, of “Dreadnaught” design. An additional cross member at the front of the frame adds stiffness, The hydraulic brakes have been ine creased in braking area and the Olds Quadri-Coil Springing and Four-Way Stabilization are cone tinued to give smooth even rides,

Fire Power Added

Greater fire power has been added to both the six and eight-cylinder engines by increasing compression ratios and redesigning the combuse tion chambers. Outside air is forced into the Cone dition-Air unit, where it is filtered, heated to the desired temperature and distributed throughout the car, In the low-priced Sixty Series there are four sedan models, a busi ness coupe, club coupe, station wae Lg 5°73 | gon and convertible with electrically

cents while lighter weights were up 10 cents. The top rose to $11.30 for good to choice 220 to 230-pounders.|; ~ ment bonds and higher taxes. Vealers were weak to 50 cents Dr. Benner claims it is “non: [lower with a $13.50 top. A total of [BKM F sense” to try to control inflation [1764 salable cattle were received, |Bki - and preyent prices from going up|684 calves, 11,950 hogs and 1431 Budd _ Without controlling wages and fix-|sheep. Indianapolis hog receipts ing farm prices. All five favor 2 today were the largest of any mar-|2 ing Government bonds to the public] ket In the nation. ~ Bs much as possible, to reduce purchasing power instead of increasing HOGS it as does selling Government bonds| Good and Choice to banks, Tounds saasparreniss¥ 5.85910

‘Most of the five believe higher - taxes are needed to reduce the huge budget deficit.

made by Louisville & ' Nashville, Minneapolis Honeywell, Worthingn ton Pump, Goodrich preferred and Electric Power & Light preferred issues. There was little in the news to ‘1, | affect prices and traders were wait4|ing for some definite news develop- A ment before making commitments +| on either side of the market.

Indiana Needs

i Fewer Tractors |

Indiana farmers expect to buy | 1 ] fewer tractors next year than they|] bought this year but need more grain combines and corn pickers, the Agriculture Department's Indiana Defense Board announced today. The survey, part of a dition-wide one to determine farm machinery needs, showed that Indiana farmers % plan to buy 10,184 tractors for next year, compared with 10,828 pur-|& chased this year but they consider | & tractors as the most needed ma-| Cons chinery. } Indiana farmers expect to buy Ind A + 1% |3648 grain combines, compared with | Intipis 3Ys ..++ ]3280 bought this year, and 3262 corn fhdpls Railway Ing 5 o pickers compared with 2362 bought this year. These were rated second and third, respectively, in importance by the farm survey. Out of 34 different kinds of farm machinery, Indiana farmers believe |Eub they will need more of 20 kinds than they bought this year, less of 14

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Sorden . 3org-Warner . 3oston _& . Me.. 3dgpt Brass .. Briggs Mfg .... Bklyn-M ay

at most retail stores.

LOCAL ISSUES

Nominal quotations furnished by local mit of National Association of Securities Dealers. Stocks Bid Ask

Agents Fiance Co Ind com... 0 ents Finance Co Inc pid...

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fa. i yee 11%

ed T t Wayne oft Van Norm Meh 12% Ind Tel Co 3a d Victor Chem . 2 7

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Salumet &H , 6 Campbell Wy .. 11 Canada ese 16%

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19% Certn-td 6 p Champ Pap’ or. 106% hes 8° Ohio. © af s 0. a . [email protected]| Chic E Il. . 1H . [email protected] his - mA. 10.35 1050) G W R 5 of. 10%

T.. 10.00 101s [email protected]

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edium— 160- 200 pounLs asses Packing Sows

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Jewel Tea ... -Man Jones & Lgh .

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Whi White Sew M Vs Willys hind 13% Willys Over pf. 4% Wilson & Co .. 6% Woolworth

360. "400 pounds 400- 450 pounds aon. 500 pounds

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[email protected]

SECRETARY MORGENTHAU'S ifoposal to limit corporation profits 10 6 per cent of invested capital is ‘opposed by H. C. Beaver, Worthington Pump & Machinery Corp. president. Here is why. Worthington, says Mr. Beaver, usually has four good years, two fair years and four poor ones in each ten. In the good years, the tompany must put something aside for the poor ones. And when dur“able goolls production declines, it hits the skids hard. Worthington [Broduction fell 87 per cent in last : sion. A 6 per cent profit|Common— Hmit would mean very little could | be put away for depressions. i | * » =n opps AND ENDS: Martin Air’s new private airport near e River, Md., will be as big a8 New York's LaGuardia Field. + + Some corporations may pay January dividends in Decemer this year, to save stockhold money in case taxes are Ta d | Mediu + « « « Wright Aeronautical is probably No. 1 buyer of bottle nipples, using them to dirt out of fuel lines. . tf. of Civilian Defense is sendput pamphlets to businessmen, describing ways to camouflage and ct industrial plants. . rival Cope. Co. mine at Su- boas Ariz, is being air-condi-ed to pérmit deeper ining, g temperatures from 150 to degrees at 4600-foot level. . ‘8. Rubber has developed an air- : - 0 setnsssndan 9.75 10.50 | Du ae esesesesceces [email protected]

ling hose was made to go with [email protected] f-sealing fuel tanks. 1.80@ 9.00

{EMISTS TO HEAR . |» PURDUE PROFESSOR

Goh Br 5 pf. 103 limax M Co. p 9% Cluett Peab .. : 8

Col Col & Co! CATTLE Jo laughter Cattle & Vealers (Receipts, 1764) | Solum

olce— 50- 900 pounds ..c.ececeee..$13.00 500-1100 DOUNAS <eeeascvsees RB. 00-1300 pounds .....ee. 1600 ood—

Slaughter "Pigs

Medium and Good §0- 120 pounds

. [email protected]

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Yale"& T Yellow Tr Young 8 & Young Snoet : Young Stl Door 14 ——Br— - 19% 2%

13. x m v i338 Com Solvents.. 10 i ‘38 Somm o pf 61% 5. 20% 4 A

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& 10 Stores 6s 50." Muncie Water Works 4 5s 65... N Ind Pub Tv 10

SOYBEANS HIGHER; CORN PRIGES DOWN

CHICAGO, Oct. 6 (U. P.).—Wheat prices trended fractionally higher on the Chicago Board of Trade today. Interest in the market was light and consisted largely of chang-

Zenith Rad ceeseeasevess [email protected]| Cons 3 200000000000 10.50 11 50 Cons ecessncsssses [email protected]] Cons : Cons

[email protected] | Cons [email protected] | Cons

Cons 8.000 6.38

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Cons Cont Bak Cont aon S28 Hot Lo on! i 4 3100200 FB Steel. Bnk.. 41 . Gorn yo rod . 53%, Corn Prod pf. 177 Crane Co 16

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orored en 6 Ibs, LL Yur feathered 5 heavy a h lbs. fu full fesin , 14¢; No.

teers, Heifers

[email protected] [email protected] [email protected] 7.00@ 8.%

DULTTRL EH HTN LL] 4: +

Crown Zeller, . Crown 28 pf. Cub-Sm Sug .. 8.25 | Cub-Am poug id 7.50] Curtis

7. y ) C Br 97a abs 5.5 iss-Wr A. ; 28 hman 8 pf 4 Davega Stirs .. Davison Chem. 11

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Nash-Kelv

ing operations between various de- Leghora rn 4 Pre A The vonry Series offers a club ot the day. Coarse grains were|of the Westinghouse Flectric & wile unt A pickup HL ina? ‘by th eight engines. toany 3 Indianapolis flour mills and ain body styles—the four-door sedan, to 3% cents, October $1.72%; corn|order to reduce the output of me- o. yellow corn: No. i ‘No, 3 oo are high. 16 cent, December 74%c bid. during a 30-day period because of reduce the plant payroll to 4000 s1re 4 price index of 30 basic commodities

kinds WESTINGHOUSE CO, uz i liveries. operated top. Soybeans worked sharply higher MANSFIELD, O., Oct. 68 (U. P.).— Eggs—Cur Tent receipts, 54 !bs. and up, with the close near the best level|The management of the local plant | *°Bitree wo. 1, 38%@39c;" No. ,24,370 sedan and a four-door sedan. Ope 31¥c; butterfat, No. 1, 35c. |'tional in either the Sixty or ger. iia Gh a Manufacturing Co. announced today enty Series are the six and far cent a bushel higher with December |that it will lay/ off 300 employees, WAGON WHEAT The Ninety-eight Series has three .-,, |at 81.21%. Soybeans were up 2% |Oct. 13, because of the Federal He Close. of ihe Chicago market ; Poh atie per Joushel fog 3|club sedan and convertible coupe, sloff % to 3 cent, December 80%c; chanical refrigerators nd paid 68c per Thushe °F a shelled new all of which have been redesigned oats unchanged to 3% cents lower, : ¥ coin te sh and actually are wider than they December 51%c, and rye was off| The suspensions will bring to 1000 aoe, ¥ Wile dats. the number’ of employees laid off the curtailment order and material DAILY PRICE INDEX [shortages. NEW YORK, Oct, 6 (U. P)—| The 1ay-off of the 300 men will Dun & Bradstreet’s daily weighted men. The factory is preparing to .go|start production on a $3,000, BR eon, Fress (1930-32) yer for Army binoculars which Saturday Creatas ns snsssneee 145.67

ied

“s0e0e0000000 East Bod pt Eaton Mfg Elec Auto-L -... ec & Mu Ind. 9-1 El I P & L $6 pf 34% ElP&L is 31 Pt 35% Elec St 31 El Paso Nat G. 29, End Johns ..

ae {= 33

HL F FREE SE

has provided a “cushion” for some tereesssessesesess 14526|0f the loss of other work. ee sessecessages 14748

WHOLESALE FOOD PRICES UP SLIGHTLY

‘NEW YORK, Oct. 6 (U. .P.)— Wholesale food prices in the week

ended Sept. 30 rose slightly from . pat 043. 710.44 LShbise st g1|the previous week and equaled the t. 3,254,364,599.29 12-year high established three weeks Bal.. 7036.63 7,319.97 2,377.736.46.04 ne Work. Bal 1282 250. 725. 92 } 842 Jus ago, according to the weekly food Ree 33761291 393.00 31 index compiled today by Dun & Bradstreet, Inc

Gold Res. 23,761,331,333.50 31,276,393,765.76 IANAPOLIS CLEARING HOUDE The company’s index of 31 basic food commodities stood at $3.34 in the latest week compared with $3.33 in the previous week and $2.31 in the corresponding 1940 week. The (Dla of heal, corn, . rye, no oH :_ who! oats, ey, lard, butter, cheese, BEA roe, Tio sugar, cotfonseed oil, cocoa, peas, . Rogers, Inc. Ce onerTe Haute, change |eggs, potatoes: and molasses were to Ears Stein, 6th and Wab er. Beans, rice, steers, hogs, - |sheep and lambs were lower.

GALL QUITS N. A. M.

NEW YORK, Oct. 6 (U. P.).— John C. Gall has resigned as counsel of the National Asociaiion of Manufacturers, effective Nov. 1, to establish a PHivate law practice | hes in Washington, D

J. D. ADAMS DIVIDEND J. D. Adams Manufacturing Co. has declared a quarterly dividend of 20 cents per share on the common stock, payable Nov. 1 to stockholders of record Oct. 1

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NOVELTY Shoes $1.00, S141 |

KINNEY’S

138 E. WASHINGTON ST.

eeeees [email protected] se 9.00011.00

Week ago Most oo ago Year ago 1941 High (Sept. Hort 147.91 1941 Low (Feb. 17 ....ccc... 123.03

U. S. STATEMENT

WASHINGTON, Oct. 6 (U. P.).—Government expenses and Foseipts for the current fiscal year Just t. 3, Sa with a year t Yea Tr

5 Yea $5, 311, an, 10. 3 $2, 408.920, Sa ts .e

FUR COATS I TIAN Tat] INVITE ALL

INDIANA FUR CO.

28-31 East OHIO St.

[email protected] pounds down ........... [email protected] 1 P, LAMBS (Receipts, 100) eevee [email protected]

, at Hotel Severin. ne : A ee fwd 18893

Foes wesw

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Ct Wi.. Erie pf A Wi.. 36% —— Fair forse ree 393; Fed De E a * 257 . 4 Ped 8t cvpf 91 Pid Phen v 44

Nat Si Steel . 8 Nat Sup Per) . Nat Sup 6 pf.. Nat Sup 2 pf . Newmt Mining Newport In Air Br] N Y Central . NY SL

CHICAGO LIVESTOCK |M¢ &

ogs—Receipts, 9000; slow, around 10 ceil higher: tog : rs: bulk 220-300-1b. averages, $120 11.40 most 180-2320 High $10. Sh 100

100 10. Sn oral) Catto Regi

SEE the New “EVERSHARP” PEN & PENCIL SETS

$8.15 Guaranteed

for Life

STANLEY JEWELRY 60, EEE

USE YOUR CREDIT at WMIOS KINGS

CLOTHING

1+: 4]:

HFaE

25% 81 44

OUTFITTERS to Men, Women and Chudren

Mingstonh

MODERN CBEDIT | RE 129 \ W. Wash, “5 Sonoaine or SAXOPHONE Per Instruction Lens

INDIANA MUSIC CO. 115 E. Ohio St. LL 4088

Bags. : Receipt Ne

+++ + Des TW

¢ explosives plants.

r = a

iHl+ E+ +: re

FIPS

. however, ar! on all 10@16¢ lower C last week

ue St several en =

5 I Ing. Suda Pendleton RS

hotels Toul

COMPA NH

2857 oo a1. [email protected]; erous buliecks, and ght sieers, several loads, ca 2000 Western fat

BE MEASURED NOW! For Your Fall Clothes Over oe atieras to Chadse + From

SONALIZED LEON TAILORING [7

235 Mass Ave, 1 Middle et

Make Woodworking Your Hobby. DELTA MOTOR DRIVEN TOOLS Exclusively at

VONNEGUT'S 120 ONT st.

WHILE THE REST OF

THE TOWN SLEEPS HAAG'S ALL-NIGHT DRUG

SiS : opie: vealers, 50 cents lower at $14 Chi Ave., East oi Zk "heavy grass calves i tid agent. Ch Se adam address HF hei

of ng, ete. machinery: 8 TE a we Wayne-

lam! nine 3 slow. Toguse hi 5c higher: Pict ah anayhetoy

glrictly (hole mostern siraight, $13. ia ark Utah sheep 5 steady; small not native ewes, $4@5

OTHER LIVESTOCK

NA Oct. U. P.).~Hogs— |: or EAE $11. 55 a ye and )180-

Ss The town. amendmen

Use

HEL 44]

KNOERLE TIRE CO., Inc. 2421 N. Meridian St LY 1

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INT RY

RTS

2 x “5 AE

Fee

hs 85;

35; most Sa

00i078; 100: a0 18 smooth wa gi, li Sh ow 2b

1@1 0 va SE in demand at Jou; . and m ia, $6.00, off hg 12; few

agencies in New Yor Sig vo ®

Be aoe, 40 1bs.,

GOODYEAR

SERVICE STORE Delaware at Walnyt RI-1438

MORNING 18 SERUIALY nal 70% VALE

Bord a

Se see es Fd

2% & 8

Fostoria Industrial Service, 548 Aves a Pd an and Thurs-

HHH

PACKAGE OR CRATE

oie else send is or anything you a anyof23,000 nation-wide points. : Pick-up 4 at no iy cle limits Li E

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