Indianapolis Times, Indianapolis, Marion County, 18 October 1941 — Page 9
"FINAL NEW YORK STOCKS _|STOK MARKET | ON. 1
Bi DOW-JONES STOCK AVERAGES | Net GOES Up AG AIN 2:00—N. Y. Sy , WFBM. . | : ET ohne % INDUSTRIALS “ file 4:00 Ris WIRE,
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That Refreshes” p : 29 and a native of Virginia. ie oa Charlie McCarthy is all eXe
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: Wall Street Takes a Less Ominous View , of Japanese Crisis.
| NEW YORK, Oct. 18 (U. P)— Wall Street took a less ominous view of the Jpanese situation today and the stock market enjoyed a further ... itions to more than 2 points with : volume light, Steel shares were -prominent on the upturn and other issues hard hit in the decline that came when the Japanese cabinet resigned on Thursday made good recoveries. Special issues were bid up several po and chemicals had Sains g to more than a point in Dow Chemical.
Good listening: CBS announcer John Carles Daley and narrator Burgess Meredith will be-on hand to explain the steps in| the defense of one of the world’s most important ports—New ¥¢ re Harbor—when “Spirit of 41”. its omnes to Ft. Hancock . Sandy Hook, N. J., tomorrow. The -| broadcast will be b+ Joe 2 WFBMat1p m....° Opera Auditions of the tetrapels ir ping stone of ambitious Ameri singers to operatic fame, ret for its seventh consecutive ‘se at 4 p. m. tomorrow on WIRE. . The winner of the “Met” auditi last spring, Lansing Hatfield, baritone, will appear with Ma
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. High, 1941, 138.59: Low, 115.30. High, 1940 152.80; Low, 111.84. Today Crs aseaesiecsne ss Yesterd AES
Fewer Indiafia Farms Being Lost
Through ‘Mortgage Foreclosures —————— By’ ROGER BUDROW
INCREASING PROSPERITY OF INDIANA'S farmers enabled the Fletcher Joint-Stock Land Bank to ‘announc yesterday it will pay off $150,000,000 of the bank’s’ bond on Nov. 1 instead of May 1 next year, when they are due. |
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Aircraft shares were trong. Doug- | las and Consolidated ae ae THIS EVENING | Indianapolis polis Times is n SRE dg in program aNe
than 2 points each while United and Boeing were up a ‘point. J. IL nowncements caused by station chans a ToT as En Butler vs. DePauw Hi-Jin ks
Case rose 2 points. Chrysler gained 1260 iC 1 more than a point. Rails were up Wrichs) ; Lo ua ir y. and oils ade small 18 Minn: vs, But U. Nebraska Butler vs. uw |Hi-Jinks Sue a Hi-Jinks Desi Halbon fo S Rhythmaires News—Ma, ense ense
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Farmers are repaying money they borrowed in the depression, farms held by the bank are being bought again. In the first half of this year only 92 Indiana farms were lost through mortgages compared with 151 farms in the| first half of last year, according to the Farm Credit Ad-
EEE EEE Do ER PRICES RISE 25 CENTS
will have the fewest farm mortTop Advances to $10.25 as
f Se ime EE 2000 Hogs Arrive at Stockyards. . y ave % ie. 8
year 1934 ‘was the worst with 1541 foreclosAll hog prices advanced 25 cents Ad. © G WI 3% at Indianapolis stockyards today, A g & > 1 ot fy 3 657
the Agriculture Marketing Service Atlas Far. ot ixig reported. vistion Corp.. The top rose to $10.25 for ‘good |; to choice 200 to 220-pounders. Receipts included 50 cattle, 275 calves, | BS 2000 hogs and 75 sheep.
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Month AO sevvcacevans Year Ago oo. ivseecrcin High, 1941, 20.65; Low, 16.82. ‘High, 1940, 26.45; Low, 18.08.
16 MOST ACTIVE STOCKS
Sales : (in 100s) High Low lose Chan Socony Vac... 76 9% 9% 9% 76 Uh 5% 20% 28% 4% 19% 10% 51%a 17% 3% 15% 381s 253%
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More farms in this state are ‘being operated by their owners instead of tenants than was the case 10 years ago. ‘»The Census shows there . were 97,563 Roger Budrow owner = operators in 1930 and - 107,818 in 1940. Prices wf farm products are going up and apparently the Administration in Washington is reluctant to set any ceiling on them yet. In spite of
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E. A. CUDAHY SR: OF | BEDE. ENE PACKING FIRM DIES
e Time | Muse TR Lombar CHICAGO, Oct. 18 (U. P) —Edward A. Cudahy Sr., co-founder of the Cudahy Packing Co. and the
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the ‘optimistic outlook, Purdue University constantly warns farmers of what will happen after the war is over, bigs Europe’s battlefields = be-
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last, of the old-time packers who built the huge present-day packing plants, died today at his home after a heart attack. He was 81.
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come grain fields again, when demand for food lessens, prices will drop again, Purdue says. Don’t be caught short, it advises farmers, by taking on more expenses now (buying too ‘much land or equipment) | than can be taken care of during a , depression. Unless this advice is followed, Purdue expects the heavy farm foreclosures of the lagt depression- to be repeated. » » ”
CANARIES PREVENTED a possible tragedy in building the) 4 Charlestown smokeless powder plant. | % In putting in the sewage system, engineers: had to explore a limestone cave near the sewer line. They thought about poisonous gases and got some fume masks and canaries. Just as in the coal mines, the canaries detected the bad air before: the humans could. One bird collapsed 600 feet from the en-|1100-trance. A 35-foot shaft was drilled | ¢ 70 gown and the bad air removed. Incidentally, all six production fines are in operation at the $114,000,000 defense plant now. M » # ®
SWEDISH FINANCIAL writers warn against shipping goods to Germany on credit without Sweden getting an equal amount back, pointing to World War I experience. They add German prices have -gone. up. 30% since war started, Swedish prices only 10%, and complain Germany takes all iron ore she can get but no wood products which industries are hard-hit.
Born in Milwaukee, Wis, Mr. Cudahy left public school at the age of 12 ‘to take his first job with the Plankington Packing Co. He embarked on a career which put him in an executive position in 15 years and resulted in the Cudahy firm, capitalized at $72,500,000 when he turned it over to his son in 1926. He was still chairman of the board of directors at his death but had been inactive for several years,
; Curb Stocks
Low Close Change 0 69% 0 + % 113% 113% — 1 2 .38 38h + % ’ i “hse
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Slaughter Pigs Medium and | Gog
80-120 po CATTLE Slalighter Cattle & Vealers (Receipts, 50) ge
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Comm 75041100 | pounds ........ Steers, Heifers Choice 500+ 750 pounds Good 500- 750 pounds * Heifers Choice : : So 1 of. --750- 900 pounds .... . [email protected] Cotum Gas 500 Com Credit .... 23 lo. pounds ....os0ece.. 8:[email protected] Com Inv Tr ... 2015 Ne. voids saan] atts 00-900 iveseasave. 8 a 500- 900 pounds 7.00@ 8.50
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ALL GRAIN PRIGES [FE CONTINUE TO RISE ox of
ag CHICAGO, Oct. 18 (U. P)—|B Wheat futures extended yesterday’s|! recovéry in today’s short session on the Chicago Board of Trade with prices rising 3% cents a bushel before yielding small fractions of a|st cent under profit-taking. 8 Coarse grains and soybeans also showed strength, the latter market up 6 cents a bushel at one time, At the close wheat was 2% to 3 cents a bushel higher with December at $1.13%@1.14. Corn was up 5% to 1 cent; oats up 3% to 1% cents, December 473% @477% cents; rye up 2 to 3% cents, December 63% @ 63% cents, and soybeans were 3% to 4% cents higher, October $1.59%.
Wheat— RANGE Open High Low $1.11% $1.14%S$ 1.11%
1.18% 1.15%. 1.18% 1.15%
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ODDS AND ENDS—U. 8. oil producers are worried at prospect of competition from Mexican wells if trade agreement goes through. . . . One big refinery reports that 40 to 50 per cent of aluminum pots and pans collected in recent drive and sent to it for smelting wasn’t aluminum at all but other metals. . . . Real Silk Hosiery Mills will pay $2| Good a share on its preferred stock Nov.|c 6, first payment March, 1940, and leaving $57.26 still due on each share. . . , Auto curtailment order sent Stock 9f Noblis: Sparks Indus. hotce . tries of Columbus, ., down : poun year’s. low, because firm makes wf dood pounds ...cesseeee. filers, exhaut pipes and heaters. But| 500- 800 pounds [email protected] Not Soars also. makes radios, plg.a080 pounds escsssecssces [email protected] metal furniture and has defense| 500-1000 pounds ....ceesess. [email protected] 1.500 9.00
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REHEARING OF GARY MERGER 1S DENIED
1.17 1.15% 1180 118%] qne Public Service Commission today refused -to re-open a hearing 3, 4% on the acquisition of the Gary Heat, 30% .80 |Light and Water Co. by the Northern Indiana Public Service Co.
80% LOCAL PRODUCE
81% breed colored hens, 5 Ibs. and oa hu
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SUNDAY NIGHT 10:00 P. M.
WEBM “seins”
OPENING (Sponsored by the Carter pens and DLO COAL EC
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U. S. STATEMENT
WASHINGTON, Oct. 18 os ernment expenses and rece! t fsod year through with a year ago:
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Clearings esses bat essenateattagel 27,536,000 Debits rivesassasssssasssssvrases 71,617,000 ———————————— i
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