Indianapolis Times, Indianapolis, Marion County, 9 October 1941 — Page 27

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THE INDIANAPOLIS TIMES FINAL STOCK QUOTA TIONS YESTERDAY ;

b BUSINESS ae PT

30 INDUSTRIALS . 124.18

ok AOD AC ig: ion i ine

ie nl SA A

For Navy's Biggest

le =r AGH pi [GARY FIGHTING UTILITY SAL

Charge Northern Indiana Public Service Plans To Raise Rates.

The Indiana Public Service Con mission today took under adv ment a petition by Gary cf and members of the Gary Civil C and Common Council for a rehear= ing on the Commission’s approval of eG c Service Co. of the Gary H Light and Water Co. =

Noss. Change

—- No

Abbott Lab A * Addresso raph . ue Sp0E} Dp.

seev 4 13 40

War Helps Technical Workers From

Here Get Jobs: in Foreign Countries By ROGER BUDROW

You DON'T HAVE TO JOIN THE NAVY to see the world. Just know something about radio or airplane engines or construction work are chances are you can get a job any where from Trinidad tq England. All this week a couple men at the local State Siuploy: ment Service office are hiring workers for the new Army base at Trinidad, the

Year Ago High (1941), 133.59; Low, “115.90. High (1940), 152.80; Low, 111.84. 20 RAILROADS Yesterday ...coccecaeccnsess 28.85 Week AZO ..ococaessnssesses 28.90 Month ARO ..cccovssssovese 29.32 Year Ago . 28.60 High (1941), 30.88; Low, 26.54. High (1940), 32.67; Low, 22.14. 15 UTILITIES Yesterday cc.cocvecccnnscacs

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18.07 18.28 18.58 srnsasasesnes seees 24S High (1941), 20.65; Low, 16.82. High (1940), 26.45; Low, 18.03.

m Br Shoe :.. Am Br Shoe pf.120% Am SableaR i |

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coast of Venezuela.

‘already this week,

Men needed are bulldozer, crane and shovel operators and mechanics and dump truck drivers, with experience. on Diesel-powered equip- . ment. Wages range up to $80 a week and the workers will be in Trinidad from months to tw years. The compan

pays transporta tion to and fro: the workers’ hom

stay ' here two days but ar having such g Juck that they will stay all week. Radio experts around here st. can get. jobs in Britain's radi service that locates Nazi bombin attacks for the R. A. F. counter attack. Several have gone to Eng land to do this work. They get fre transportation free room and board clothing and medical care, and ge from $24 to $38 a week, free f the high British income tax. Some workers in the metal trade: have gone from here to the Panam Canal to work on the extensive improvements there. A number have gone .to England to servic e the Allison motors used in the R. A. F. fighting squadrons, Others are now working in Pearl Harbor, the Navy's big base in Hawaii. Some have gone to Alaska where defense has become the biggest thing there since the Gold Rush. In some of these cases workers are automatically exempt from the draft. In others, permission from local boards is necessary. Those who go to England are to be released immediately if the U. 8S. Government needs them.

INDIANA’S GAIN is Massachusetts’ loss. - Governor Saltonstall of Massachusetts says 20,000 workers in jewelry factories making rings, pins, bracelets and necklaces of brass may lose their jobs because of priority squeeze, Brass for munitions comes first. Part of this munitions brass will be used at Bridgeport Brass Co.'s new $11,500,000 cartridge case factory a short distance southwest of Indianapolis. Here about 2500 will be able to get work. ¥ 2 =

AVERAGE FAMILY (in 1935-36) fis:

had an annual income of $1622, a National Resources study shows. Of this 29 per cent was spent on food, averaging $467 8 year or $227 a person a week.

was spent on running and furnishing the house. Average clothing bill was $141 a family (women spending $47 and men $41). Girls and boys between 2 and 15 cost $18 and $17, respec= tively, to’ clothe a ‘year. Families|: spent $54 for cars and $60 to run them. ation service $28 and tobacco $26. ! #8

ODDS AND ENDS: .J. Maynard Keynes was unanimously elected director of Bank of England yesterday because there is no way to vote “no” unless the stockholder stays at home and doesn’t vote at all. . . . There is talk about making women’s hosiery from synthetic rubber. . . . If war in Pacific cuts off tea imports, you may get a taste of Brazil-|Gooa— ian Matte, popular drink in South

America brewed like tea, lng Med|

one-fourth as much. , . . push clear to Urals, Rs Noa ginc, chrome and lead will still be safe ‘because production is in and east: of these mountains. . . . Roofs made of .open-mesh cotton fabric, reinforced with thin cement shingles | Good (turning to rock soon after being| put on) may be next thing in construction. A cotton gin manufac- . turer is developing the machinery.

I 750-1100 bounds ..... . Steers. H

00-50 pounds Housing cost $248 and $209 more|Good— ’

Medi "Medical care cost $64, recre-|cu : $41, barber and other personal| Cann

ritish island just off the northern Am About 85 workers have obtained jobs

PRICES ON HOGS

6500 Porkers Arrive; Vealers Steady.

HOG PRICE RANGE Top Receipts Sept. 830 ciecevevennnnies $11.25 Oct. 1 11.45 Oct. 3 11.18 Oct. 8 Pes sectcvttsgat esse 11.15 Oct. 4 Oct. 6 Oct. 7 Oct. 8

$ess0000 000000000, $0000 0000000000000 00 8,924 2,000 11,950 9,164 8,662

00000000000 RRS 11.15 esssssecsesssscecss 11.30

sesensestsssescscsss 1L16

sesssssccssssscenes 10.90

weights at the Indianapolis stock-

keting Service reported.

choice 220 to 230-pounders. Vealers were steady with a $14 top.

were received, 500 calves, 6500 hogs and 2500 sheep.

Wednesday, Oct. 8 HOGS

Good and Choice 20- 140 40- 160 60-. 180 80- 200

$38

®s0ssceces

pound d

pound

er. [email protected]

s0ssconse Seccncsesgse

1: [email protected] [email protected]

160. 200 pounds Packing Sows ‘Good and Choice— 270- 300 pounds ....ce0000 300- 330 pound 330- 360 pound Good— 360- 400 pounds ...ecccecese 400- 450 pounds ....ccecece. 450- 500 pounds

Medium — 250- 500 pounds ... Slaughter Pigs ¥56-"T0" poun Good== ds

« 10.25 10.20 10.10

9.80 8708 9.50@ 9.80

[email protected]

10.40 ls 10.35

10.25

sse00scnsen

9.00@ 9.85

Sseesecnee

CATTLE Sisnghior Cattle & Vealers (Receipts, 1264) Bloons

Chotce— 350- 900 nounds

1100-1300 po snespesnanss 300-1500 Dounds eens cones Good—

11.25 3 25 .» 10.75 . +» 10.50 [email protected]

«11 12. 35

[email protected] oo 13. Hein 75 11.25

- pounds e0cvosencces

edium— 1300 1100 pounds cececcoccses 1500 pounds ridiligiiat

8.000 9.23

ssevseny 1 {

[email protected] [email protected]

500< 750 pounds

Heltond Cen, 900 pounds cececcessoes 750 i900 pounds .cececcccsds 500- 360 pounds corrinvereste

ber? 900 pounds

soot 000y

[email protected] 10.750132.00 8.75010.75 1.00@ 8.75

1. 7% 8.25 7.00 : 25 Ad ahs 8.152 250|g 8.50@ 9.00 8.00@ 8.50 7.26@ 8.00

14.00 1

(00d .iceecsccccsicsncassons Sausa Ww Sood sesésisscccsccsesesone

Med Otter and common

Good and choice Common and medium .50 Cull 7.00

Teodor ana’ Siceker Cat (Receipta, 430) J rue } Steers

388 pounds

00-300 800-1080 puns

3. 8.50 C

Chole 809-1050

ssscscccsces $10.50 11 32

vevesocsssees 10.25

9.78 oh [email protected]

[email protected]

um-- v . 500-1000 pounds ceececossscce 500- 900 pounds ...coccocceoe

Medi ers)

100 Pounds down ...... cores [email protected]

SHEEP AND LAMBS (Becsints 3001)

Good and choice ........ veeer,[email protected] Medium and Good cess «350 on Gonimon

Sale!

See these Suits ‘and Topeoats before you buy!

Men's Unredeemed

SUITS &

Good and choice .. ana cdecese $2 Common and mediunt ceceese.

COMMUNITY Il ND ED

RISE 10 CENTS Zi= +

Top Reaches $11 Here as TE

yards today, the Agriculture Mar- A

An estimated 1100 salable cattle) S01sgie 10: i Beech'N [email protected] Jon & cs

10.30°

10.00| B

sg 8

10) Sle

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1.50@ 9.00 Cc

Good and choice C 500 pourids down ave ne eden [email protected] Ss

d choice Ci He pounds down siiiieenees [email protected]

8,158 Am Type F 6,890 | A 89104

Hog prices rose 10 cents on all|Asso Dr

Atl G&W The top was $11 for good to

Bald Loco $ . 14%

Borde Borg-Warner Fe Brew Cp Am . Bdsm Pass Brigg Me BSE & Strat. 2% Bristol-My ... 45 -M T

6% 12% 17% 3ucyrus-Erie 9% 9% A A 7 pt. 114 14, 3udd 3% Judd Mig Jr . 6714 of! Judd Whe 3urroughs . 3ush T B pt’ ct a3i3 3ush Term Jutler Bros utler Cop: utte Byron Des:

: 3 : ji al ys i -—C— Callahan Zinc... 7 13-16 m ’ 6 156% 4%,

Gant, Ad vy pt A. 38 Gap he - i

2 Ses & Gen ar

J 1 pf...121 Caterpillar Pr Gelanjese pr pf. a1

So “Noi Sug. 13% Cerro de Pasco. 32 Certain-te 3% Certain-td pr pt 31 Cor 4

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SHES SSNSRSE SRE RRRSF

fin Te : fife

Comw & pf. 80 Som mwlth Bdifon 257%

Cons Cons. Cig 5| Cons Bn Cons

500- sesssessien’s 1) "900 pounds [email protected] ont

% Crane Co cv pt 29 Crown Cork.... 33% Crown Zeller .. 1% Cr we "37%

Curt Pub oF ot. Curtiss-Wr ... Curtiss-Wr “A...

29 23%, 9 cit Tn Davison oi Chem. 10% iP

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I D8 aca Cr Coal. Island C CO pf. 350% 1330 annum : Jewel Tea .... 33% 33% Johns-Man .... 64% 64% Jones & . 22% 22% 62 i

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Heavy ;Dresa 5 Ibs, and over, full I ro Be heavy breed ens, under 5 lbs., full feathered, 14c; No. 2 avy breed hens, 1lc; Leghorn 130; No. 2 Barred and White

ers, Barred springers. 3 1bs. and over, I4c; Le springer bs. 13c; Legho en springer 2 or “ahd over, %i0c;

eR 54 'bs. and 20 CEs receipts, up.

@39c: No. 2, nS 31 pH me No. Be 8c: No. 2,’

Count; ickup prices guoted oo the

AIR TRAFFIC INCREASES CHICAGO, Oct. 9 (©, P.).—Do- | age mestic airlines in the first ‘eight months of 1941 flew 30.46 per cent

enue passenger than fore, fev u eh oe * Air Transport Association sn

13 | send representatives to the con-

78 | needed facilities and to help firms "| tain contracts.”

-| location, lumber of employees and

mn Rens, 10: Pa Ning 1 hike: Rock. Lic: colored | bub “Te!

. | index of 30 basic commodities com- | piled for United Press (1930-32 aver-

Associates, headed by Dan Young, months.

When Uncle Sam launches battleships of a size now contemplated, no regular ways now in existence will be able to handle the job. So this huge combination shipway-drydock is being rushed to completion in record time at Philadelphia Navy Yard. Ordinarily a ‘ three-year job, it was ordered done in 18 months but Drydocks

have practically finished it in 11

DEFENSE CLINIC T0 MEET HERE

C. of C. Invites 1000 Metal Firms to Conference Oct. 16-17.

_A conference designed to co-ordi-nate all metal working plants of the Middle West in national defense production has been called by the Industrial Commission of the Indianapolis Chamber of Commerce here Thursday and Friday, Oct. 16 and 17. Invitations have been sent to more’

than 1000 metal working firms of Indiana and five other states to

ference. Attending the meeting will be representtaives of the U. 8S. Army Ordnance ‘and Quartermasters’ Departments, U. 8. Navy Materials Inspection Department, the Production Engineering Section of the Air Corps and the Division of Contract Distribution of the Office of Production Management. Representatives of all the plants will be given opportunity to confer with any of the Government production officials for 20-minute periods in rooms at the Indianapolis Athletic Club. The purpose of the conferences, according to Chamber of Commerce officials, “is to bring defense contractors and potential sub-contrac-tors together with governmental production agencies to assist concerns having contracts to obtain

having no defense business to ob-

All plant representatives have been asked to bring samples of the products they manufacture and lists of their machine tools and general production facilities. They also will be asked to provide data on the size of their plants,

the type of labor used.

WHEAT, CORN OPEN LOWER AT CHICAGO

CHICAGO, Oct. 9 (U.P.).—Wheat slipped small fracuvions of a cent in outset dealings on the Chicago Board of Trade today. Other grains were!mixed. Soybeans moved moderately higher. Wheat started 3% to % cent a bushel lower with December at $1.20% @1.20%. Corn was unchanged to off % cent; oats off 14 to up % cent; rye % to % cent lower, and soybeans were up % to % cent,

LOCAL ISSUES

Wadnustey, Oct 8 Oct. 8 local Saath Nominal, guocstioas Association ¢ of Bovuziies Stocks Bid

i SIS

eke pd edt aa FFRF

Sips $2. 8583388888

Co 4 2 {Richmond Water Wor Co od *Ex-dividend.

DAILY PRICE INDEX

NEW YORK, Oct. 9 (U. P.) —Dun & Bradstreet’s daily weighted price

Sessbeee

age equals 100): Yesterday ssssetscscncsesens 144.33 Week AZO ...cocieevsresnsss 14493 | Year Ago sie nns saves 119.20 1941 Ren (Sept. 9) 147.91. 1941 Low (Feb. 17) 123.03.

13 Firms Train

WPA Workers

Thirteen Hoosier employers are now co-operating with th: WPA’s in-plant training program which prepares the WPA worker for a job in private industry, State Administrator John K, Kennings announced today. Under the in-plant training program, WPA workers are placed in private industrial plants engaged in defense work for a maximum period of four 40-hour weeks. Their wages dre paid by the WPA. After the four-week period, the employer may retain the services of the worker by placing him on the payroll. Mr. Jennings, praising the co-operation of employers, said the program will benefit industrial situations where there is a labor shortage. Ten of the 13 companies cooperating are Indianapolis concerns. :

INDIANA GAS PAYS 10-GENT DIVIDEND

TERRE HAUTE, Ind, Oct. 9 (U. P.).—Directors of Indiang Gas & Chemical Corp. have declared a dividend of 10 cents a share on the common stock after a lapse of nearly 4 years. The dividend, payable Nov. 1 to stockholders of record Oct. 15, is the first since Dec. 28, 1937, after a payment of 20 cents a share was made. Directors indicated that the question of further dividends on the common stock would be reviewed each quarter to determine whether further declarations would be advisable. The company moved to reduce its note indebtedness to $200,000 by paying off $50,000 out of current earnings.

FIRE CUTS OUTPUT OF LUBRICATING OIL

MEXICO CITY, Oct. 9 (U. P.).— Production of Mexican lubricating oil will be curtailed sharply and perhaps halted completely for six months as the result of a’fire at the Mexican Petroleum Co.'s huge refinery at Minatitlan, Vera Cruz, it was learned today. The fire, of unknown origin, destroyed the plant with damage esti-| N mated at $130,000.

In a hearing before the commise sion yesterday, Richard H. Mags Cracken, counsel for the petition charged Northern Indiana with ef. fecting the “merger” to recapital their indebtedness through the Gary company, eventually at the expense of Gary residents and cis Zens by an increase of rates. : During the course of the petition hearing, the Commission estab= lished that the transaction was not a “merger,” but a “purchase,” and under Indiana law the rate question would have no bearing on the action. Mr. MacCracken told the Come mission that. the $10,000,000 price set for the Gary Co. was “inflated and that investigation now being done by- accountants for the Feds eral Power Commission would show that the book value of the Gary, Co. at approximately $4,000,000,

Public Owns 25 Per Cent

. He sald a request by Northern Indiana to adopt the Gary rate now in effect revealed that the ine flated price would justify for Northe ern Indiana large earnings and ens able the company to pay off itq bonds in full. Mr. MacCracken contended tha Northern Indiana's writing dowiy of a depreciation reserve of $5,000,% 000 to $3,000,000 on the Gary Heat's books meant taking money fromj the pockets of Gary Heat's stocks holders, of which 25 per cent ine cludes the general public. John Lawyer, Hammond counsel * for Northern Indiana and the company, defended Northern Indi= ana’s financial condition and cited figures showing that whereas Gary : Heat spent approximately 81 per. penses, Northern Indiana spent . per cent. Contesting Mr. MacCracken’s statement that the Gary plant's $5,000,000 depreciation reserve fund belonged to the consumers and should be given them through lower rates Mr. Lawyer said that ‘the United States Supreme Cour§ had upheld cases in which the de«

stockholders. However, Northern Indiana has said it will retain pres« ent rates in effect at Gary, and eventually lower them,

Defends Action

George Barnard, Commissioner, suggested that a possible conneece tion between the purchase and fus ture rates might exist through the added burden of fixed costs under taken by the purchaser, which coui= sel for Northern Indiana revealed as g 2.75 interest charge on a $5,000,000 loan to effect the deal. Mr. Lawyer said, however, that the added burden would be met through the fair value of the Gary Co. property as established by law. This was concurred in by Commis= sioner William Stuckey. The Northern Indiana Company was granted approval to purchase the Gary Company Aug. 25th by the commission. Final approval by the SEC at Washington now is pendg

WAGON

Up the close of the Chicaye Joarkey today Indianapolis flour mills und rain, elevators paid $1 bushel {£ 3 merits

réd wheat (other and Jud 67¢c per ushel for : shelled ner ellow corn; 0. 2 elle corn, T0c; No, 3 white oats, 40c; No. red oats, 40c.

WHEAT to

GOLD MEDAL America's cose SMOO

New York and Agnes

INFACT. ' IT'S THE TALK OF THE TOWN!

OCTOBER ALE

Finest Ale th, Mellow

and Aged to Perfection

Gold Medal Ale, as the name implies, was brewed last October for you to enjoy today. . .’. Real ale drinkers will . prefer this thoroughly aged October ale.

Union Mode and Distributed by INDIANAPOLIS BREWING COMPANY, INC.

Sts. Riley 6506

GUARANTEED

1 177/ 740

AT OUR USUAL Xo lI ef KY

{ TE'S 435

BUSINESS EDUCATION

Phi hi a kre ta on an DU Day aad evening sessions. Lincoln Fred Ww. Case, princip

Central Business College

Architects and Builders Build Pennsylvania & Vermont Sts.,

Month Ago sertesessansinvas 147.70 "

JLL. BE MEASURED NOW! . .. For Your Fall Clothes

"Over 600 Patterns to Choose From PERSONALIZED CREDIT

LEON TAILORING CO.

“WASHINGTON PARK MAUSOLEUM

Washington Park Ceme For Information Phone IR-8383

cent of its income to meet exe

preciation reserve went to the