Indianapolis Times, Indianapolis, Marion County, 8 October 1941 — Page 16

"WOEX X LAGGING

It Rose in n September but Slower Than U. S. Average. od

LAFAYETTE, Oct. 8 (U. P.).— The Indiana farm price index cone tinued its six-months upward spiral during September to 134.6, highest level in several years, Purdue Unie versity reported today. The index, based on 1910-14 prices as 100, represented a gain of 6.1 points over the August level, but

failed to match the U. 8. farm price index, which soared 8 points to 139, Of 17 major farm products in Ine |diana, all showed price increases ‘‘|from Aug. 15 to Sept. ‘15 except corn, apples, cattle and wool, which were unckanged, and potatoes, horses and chickens, which suffered small price drops. The Indiana index of purchasing power of farm products, alse based on 1910-14 as 100, reached 101 on Sept. 15, a 3-point gain from the previous month. The U. S. pure chasing power index, however, made a five point gain to 105. Prices paid by U. S, farmers were quoted at an index of 133, while the U. 8. wholesale price index stood a% 134. Both levels represented a 2. point gain over: August.

STOGKS OF AIR LINES RISE ON N. Y. BOARD

NEW YORK, Oct. 8 (U P.— Strength in air line stocks featured an irregular, quiet stock market today. American Ailines reached 46%, up 134; Fastern Air Lines 30%, up 1} United Air Lines 13%, up 1; Trans« continental & Western 13%, up ¥%, and Pan American Airways 17%, up %. Sharply higher passenger traffic aided this group.

DOW-JONEs STOCK AVERAGES “80 INDUSTRIALS Yesterday strates nceetache 124.42 Lid Week Ago sonst srtasenesuose 126.85 +0.08 Month Ago stessssgesvathnt 126.53 -—0.90 -0.77

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The Campaign to Save Waste Paper Helps Mills but Dealers Complain

Rin, ROGER BUDROW SOME PERSONS HAVE THE IMPRESSION that the ‘waste paper campaign being staged here and elsewhere is & racket under the guise of defense. If isn’t. Nevertheless, iti is stirring up some discontent. Newspaper and radio advertisements drge the public not to burn its waste paper but turn it over to a dealer to be

salvaged. They offer to pay 80 cents for 100 pounds.

~The big paper mills that use scrap|paper (chiefly for boxes) are behind the idea, reputediy paying $750,000 for the campaign. : They

% PRICES ON HOGS |: = SLASHED HERE £5

Most Porkers Sell Quarter 4 Below Yesterday’s Levels.

Year Ago ...iiieiiieaneses; 13054 High, 1941, 133.50; y 118.30, High, 1940, 152.80; Low, 111.84. 20 BAILROADS Yesterday coseranssisinsines Week Ago Seeseestcsntepecen Month AES ...vcocececrree, 20.08 Year AGO -iiiivniivesigiess 28.56 High, 1041, 30.88; Low, 26.54. High, 1540, 32.67; Low, 22.14. 15 UTILITIES Yesterday tesnsisressantaane, Week Ago saesssssianndaces Month Ago sescsntesgntraie 18.52 Year Ago .............d0... 21.40 High, 1941, 20.65; Low, Te.0. High, 1940, 26.45; Low, 18.03.

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on the market. The push - cart peddler isn’t too happy over the whole thing. He used to be able to pick up | waste for 10 or 20 per 100} pounds, sometimes got it free from a : Ton senso N haze. Roger Budrow wife. ow e B housewife knows she San get 3 ts which cuts. the peddler’s profit. E ; ‘The dealer Ww buys the ler is in the e boat. He has pay the peddler more which reuces his profit/ The ones that “seem to get the mills who are —it keeps down to pay. | One paper co any official here

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HOG PRICE RANGE Arch-Dan-M Armour Il ..

Sept. ‘30 ssscssessssseyes $11.25 Armstrong Ok.. Oct. 1 c.ocaoosiasnsnee Asso Dry Gds.. Oct. 2 9eccesnecctocsenet ie 11.18 Asso OBLES .ooobsrrsrsedusevss NAB Atch Oct. 4 covvcioccnscacscesee IL1IB

Oct. 8 S0000n00 sds gane 1.30 Oct. 7 ..civevervresseceene ILIS

Oct. 8 oiececenccsnccecnns 19.99 Un Air Lines ..

N 3% : . 31% 308 prices took another tailspin sh ik Be - 1% | Toland © Cpt 133ve 1334L =" | Un Blseult ... LL 1 and seasonally increased market. [Ba LBest::: 14% jones The BY BU baited Corp bi 22s ings, the Agriculture Marketing|} Lo Jones Lenpt 4 68 x Un D o0¢ said he thought the only way tb | Service reported. Bar 9 Benneoort ios. S07 Taited Fry get more was paper salyaged Following a long drawn-out ses-|gaec Kinney 5 p i Un Mer & her prices, sion this morning in which sellers Kress ....cee.0 tried to avoid a 25-cent cut on all weights, agreement was reached which cut prices from 15 to 25] cents on weights below 290 pounds. The scant supply of heavier butch-

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Production of machine tools, vital elements of defense, in the two years 1940-41 is expected to top that of the preceding 10 years, according to figures released by the National Machine Tool Builders Associa~ tion. Chart shows machine tool output since 1929,

SEC RULES AGAINST STOCK EXGHANGE =~ su.

WASHINGTON, Oct. # (U. P.).|Assnts Finance Oo Ino pid..

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LOCAL ISSUES

Nominal quotations furnished by local mis of National Association of Securities Dealers.

Lambert Lane Leh P een Leh V Coal Leh V Coal ot. eh Val RR Lehman . L-O-F "Glass ey Lib McN&L

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ny RUBBER is san ers were steady to 10 cents lower. |goTs in jobs TE some workers in In-| The full quarter loss was on 180|B to 270-pound hogs which included

rubber manufacturing

pons d ‘off

practically all of the hogs received

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fife Savers .

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Vadsco Sales ..

—The. Securities and Exchange Commission has ruled "that the

Smith Loan sn ‘pd..

Principal news of market interest came from the German-Russian

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‘plants. U. 8S. Rubber Co. I around 38 workers last week and it was expected that between and 60 more would lose out betweer now and the first of next year. The Government had cut it allotment of crude rubber for the local plant but in the meantime syn- * thetic rubber production -has been stepped up. The anticipated layoffs, therefore, may not come to pass «Incidentally, those bulletproof. in: inner tubes made here for Army trucks required about 15 times as much rubber as that used in an

ordinary mer ube,

ook Oo Poo Pt ™ Wayne iw oid. front. Ind Asso Tel os 3: 04th Ind & Mich 1% +108 Indpls Gas On Ind Ge

Yesterday's decline in the market was ascribed to the new German : assault. “The somewhat better tone today was attributed to reports of still Russian resistance. Business news included an esti« mate that car loadings will be little changed from the previous week, which set a new 11-year high, and the General Motors sales report showing all-time records set for the first nine months of 1941.

U.S. STATEMENT

Victor Chem .. Va-Caro

on New York Stock Exchange has no Virginian RY pt 32

rightful power to prevent its members from dealings on regional exchanges in securities listed on the New York Exchange.

today. The mid-session practical top was $10.90 on good to choice 220 to 230-pounders but some strictly choice ones sold | for $11.

BOGS

Good and Choice— POUNAS sccscecases-$ 9:60 POUNAS eosserassees 10.18 POUNAS «.ocesseseee 10.50 pounds escscsnteace, POUNAS ccoessececss 10

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Ind Hydro 43% The SEC previously had request- py is PEL 8 11 ed the New York Exchange to|Indbls Water class a com... 14% change Ats rule prohibiting Ex- Jin neon In Loan Go 4 Me vid. - 90 Shane ebers from Soting as Ind ub Se Sery Sia pid. {d.....9 -lo ealers or specialis on | Nn rv 6% . the ‘nation’s 17 regional exchanges| psa as Tenino cor wa. 15 in securities listed on the New York Bib Berv of Jn. Ine. § x oma 3 Exchange, York Exch ried So Ind G&L 4.8% i a1 e New Yor change refus e COMeisevonsee to alter its multiple trading rule| 2 amp Milk pfd.......... &1 and the SEC held hearings which led to today’s decision. ~ The S ordered that the constitution of the New York Exchange be altered so as to prevent Com Berd 0 § ol... a" the suspension or expulsion of any|S! ; fs 81. of its members who act as special- Taylor Bs 43. ists in securities listed on the New a I Thayas 6 Shs. hi in York Exchange in exchanges of | Ind Assoc To Co _3%s 70.....108 other cities.

Mac Ag & Mor, Mack ate . 3% . 4 arshall Fld... 15% [artin (Glenn) 273% ite Corp. 26% .. 238% . 55% .« 95% 11% ait ... 18% M R. 1100 McLellan pt ..106% delville Qo sees s Mident Pet ro 160 MIE Mol pt -.. nie Monsant 86%

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C . 23 [email protected] Cont Viel Sug. « 13% Cerro de Pasco. 32

ertain-teed 3 eriain. td 6 pf. 31 has Sop hes & Ohio... 36% hic E II

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DOUNAS esscsscscese

edium— OPM ISN'T giving away trade | ‘0 200 POURdS ooooooooo secrets. Everyone knows how many co gars Ford, General Motors, Chrys- | 310- 350 Pounds Jer and others make because they | 330- 360 pounds _ report the number regularly. So 340-400 when auto production was cur- | 400- 450 pounds tailed, OPM announced exactly | 450 © 500 pounds how many cars each would be | 260- 500 pounds allowed to make. Slaughter Pigs But Frigidaire, General Electric, Medium and G00. . Servel and others don't tell how POUNGS: extoeeare many refrigerators ‘they make. ‘When OPM ordered curta in refrigerator production, it an“mounced it in pescentages, not 1100-1300 pounds oe

3 Rumbers. 1300-1500 pounds

A ‘ODDS AND ENDS: 4 plans | goed to send locomotives to Egypt to So HR ul British troop supplies in Near |;00-1300 pounds .. n-ne: t, according to trade talk. . . . 1300-130 500 POUNAS «ecevsrernes Juke box operators are being asked | 759-1100 pounds sesvievaaians 10 place that tune “Any Bonds To- [1100-1300 pounds .ce.cssevesee day?” and others with a defense| 750-1100 pounds ............. angle inthe No. 1 spot on auto- Choise: Steers. Heifers ‘matic phonographs as soon as pres-{ 500- 750 vounds ent records are changed. . . . Eleven | Good. pounds oil companies have given oh, ldea 2% Chita. Heifers Cont financin two an Sscessqecece 1. C oil fanlers. because of machinery |cosi-" ound i Sam >

and skilled labor shortages. . . . 92 Medium 200 POUNdS ecevccccnce "960 pounds vesssssssecse 8.75010.95 7.00@ 8.75

per cent of Russia's aluminum comes from the Ukraine and Lenin comet ound grad Government is warning x a housewives against buying olive oil | 53% + 188 : Hom {inetabl salesmen who off ita sad midhm inin $38 i 8.75@ 9.50 Cutter asd” COmIAR: oreenes 168 be 8.00

¥ a 3. 14.00 Good and choice . 1508150 EW Cats ID Dixie-

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Algers. Wins'w > RR Ar. » an American Loan 3 3 Amdrigan Loan 8s Newspapers oaks "43-51. 100

White: Mot aa

Fillys. Overlnd . 7illys Ovrld pf 4 7ilson & Co 6% vilson pf : 18%;

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66%

This ©. $8,509, 208, 845. 79 $2,468, 205 858 95 end. 3,731,740,004.49 . 2,060,504,353.32 1,582,046,114.16 Def.... 3,401,906,042.47 69,043,394.79 .90 2,350,526,843.87 ark Bal.. 1,184,830,478.92 1,614,934,228.

Secscssvscer

[email protected] [email protected] [email protected] [email protected] 3.100:10.00 9.500 9.80

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Cashr Bal.. 1,939,214,07 b. Debt..51,478,716,232.67 44,063,141,408,75 Gold Res. ,232,764,544,585.60 21,300,796,495.33

INDIANAPOLIS CLEA CLEARING HOUSE

BE +srrerieensieiesoro nd L000

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% Need a. Loan on Your Home? Consult Us! ¢ ! : Toe & SA

ue N. Delaware St.

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[email protected]

Hitt:

19 Cleari

Yale & T .... Yellow Tr 9.00@ 9.85

2230220090000 Thi

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~10 3-30

SAFEWAY BUYS NATIONAL

Zonite ... NEW YORK, Oct. 8 (U. P.).— Safeway Stores, Inc., today announced purchase of the National|Y I? Grocery Co. which operates stores in New Jersey and Staten Island,

GRAIN PRICES GLOSE |: HIGHER AT GHICAGO

CHICAGO,:Oct. 8 (U. P.).—Wheat futures moved fractionally higher on the Chicago Board of Trade} today after prices were down a cent a bushel in early dealings. Soybeans dipped 4% cents a bushel early, but later recovered nearly all of the loss. Coarse ‘grains also staged recovery moves. Wheat finished 1 to % cents a bushel higher with December at $1203, @1.20%. Corn was up *% to 7% cents; December, T9@79% cents; oats 3% to 7% cent higher; December 51%. @51% cents; rye up % to % cent; December 73% cents, bid, and soybeans were off 1% to up % cents; % | October, $1.67%, asked.

CATTLE olgate A Slaughter Cattle & Vealers (Receipts, 1264) [Col & Aik. Steers

Co 4%s . orri & 10 Stores 5s 50...100 ° Sater Works 8s 65... J08% ub 3 69.

Col & Aik pt 112 Cil & Bo 2 p Gol Br Droasioast A 13%

15 +15 'Col Pictures. . 1% .50 | Com Credit... 23% Com Inv Tr.. 31% m Inv Ti. 10% Comwlth & So %

wl & So pf 60 mwlth Edison 25%

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Chot : 150-90 900 mounds ....cce0e0e..$ 900-1100 pounds ceeoeceecscnve

sesesnagens e 4s 65. * 041% Richmond water ou "$s 57.105

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are three times higher than when war began, shutting off 95 per cent of Jmports,

INDMNA FACTORY GETS SHELL ORDER smc

eg Times Special WASHINGTON, Oct. 8—The War .78810:20 Department today announced & ecscncsoscess 9.00010.00 eral tion Raine oa escesssscsses 1.500 9.00 Corp.'s Hast : Chicago, Ind., plant. au Yun e-Tllinois Steel Corp. re-| 500 pounds down yoqeesshed ved an $11,923.50 order for steel| Medium POUDAS «eoeverenone be fabricated at their Gary plant. sean (heifers) i McGill Manufacturing Co., Val-| Good pounds down ....ceee.ee [email protected]

a $2887.50 order for ball| yedium §iso, §0¢.3 the Anaconda Wire &| 500 pounds down ........... [email protected] Eng Pub

Cable Co., Marion, a $1653 order for| SHEEP, LAMBS (Receipts, 3001) cable. The latter is a subcontract " Lam through the Crescent Electric Sup-|$ood and choice .... ply Co., Davenport, Iowa. Common

OTHER LIVESTOCK

soo ssssesnsenee

Pan Am Anrvey Panhandle .. Paramt Pict

Data Pic! i 2 pi. De Re

Incorporations

Lambert Abstract Co, Ine., 134 N. Franklin agent, er Carr, sam : ares os of $100 par value! mal a and senng of title

real ra cy for “aie title insurance; Her i arr, Oscar G ller, Clara L.

Pacific Oil Co lle Main 8t., Bv neville: agen P. Bam ber RT 806 an

ah 1000 sh withou in Pa; value’ 2 or mineral Dralerage business; 3 Dt umm! , E. D.eHarmon, R. L. ro :

Printing & Lithographing Co., Inc, dianapolis; amendment chan Print & Ep ngBTap hoo! tic) es of inco: ora Ton. Chauffeurs nevolent Club, Inc, 1829 Nowland Ave., Indianapolis; no capital stock; fraternal; Harry Wi Stakes: hn Ei Olav Anderson.

Gary, chan, 10 oT, hangs Co. of Indianapolis, St., Indianapolis; siness: Clarence E. eaver, Frances ®peari Weaver, Evelyn

Fashion Thimble - Co., Inc. JMissouti pangs of agent PH . Hud-

n, Ajax -Br Corporation, Indi lis, a 3x Brewing Corb ame’ 10 disria hi

FALSE TEETH

FIT LIne nw! Dentur. Jastic, makes loose Eee, She x

2 dans. Baa of pri Dar ord] Handy-size hii size 984

DENTUR-EZE

' Dependable Drug Stores

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Douglac Aire .. 73 reg Ta seeslll 113

Dunhill ee ve 151% 151 ——

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East Air Lines. 31 East Kodak ...142 Eaton Mfg ...'32 Edison Bros ... 17% Rles Auto-L ... 28

Boat ..... 14 El P&L . 3 Rig 7 BER . 30%

30% 143 EH

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03 Cents owes: 330-980 Ios oe sie: | CHICAGO ) LIVESTOCK | $10.45: | Hogs—Receipts, 10,000; slow, opened 10 1 to * ‘15 cents 407 46 Josed ’ 3 ‘to 25. 25 cents aE on LL | Preept Sulphut 37%

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stags, $8.25. Calves, $14, Gabriel A an

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$11; 50 Bo bids as atile_Receipts. 300; calves, 250; Hive common Ne nd

SaBLSR SERIERE

rop iype light steers; ig! bullocks very ts Tower: yearlin Ss and 5 cents off; only

steady’ 3 Gen Cable ral SH t and lon 36 30H oi po css, desirable Gen yearling, : but nardiy eno

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