Indianapolis Times, Indianapolis, Marion County, 20 October 1941 — Page 6

ARMY AIR AIR UNITS

Local Officers wil At Selfridge Field; - Furloughs End.

Two Indianapolis youths who recently received their commissions in .|the- Army Air Corps have been as-

Indiana's New Eog-Drying Plants To Use 34 Million Dozen a Year By ROGER BUDROW

IT WILL BE SEVERAL:MONTHS YET ‘before the new egg drying plants in Indianapolis, Terre Haute and’ Seymour will have any influence on prices housewives will pay at the grocery stores, in the opinion.of produce market experts. And instead 'of prices going up, they look for them to

. t } t F: . . . - .

35s x)

“High (1941), 138.50; Lew, 115.30, ‘High (1940), 152.80; Lew, 111.84.

0. »alizoAns

LI+141+1::

Saturday Week Ago .. sesssstsmincines Month AO ...coveeves Year Ago High (1941), 30.88; Low, 26.54. High (1940), 32.67; Low, 22.14. 15 UTILITIES Saturday ......... esnssneun Week Ago . eisessenionanes

23.19 +038 Holiday 20.01 —0.01

wgzs 8 So SERSESSE

1 SHEE BE oF i : | 144:

g o

won |

7 SE

17.50 Holiday,

E LIE lr HL le

dH CS

turn lower about that time because of the increase in: poul-

try flocks throughout. the State.

In the meantime, they

expect prices to go higher, because.of smaller production

in the winter.

Purdue reports 84 million eggs were produced in Indiana in 1939 and this year’s production will be in the i of 128 million dozen,

. The three new egg plants will use about 342 million dozen eggs (Seymour 7,000,000 pounds Indianapolis. 2% million and " Terre Haute two million). ‘A case of 30 dozen eggs weighs 45 pounds but when grid only 9.8 poun Roger Budrow Most of the eggs bought in Indianapolis come from a 50-mile radius. New York City buys many of Indiana’s best quality eggs and most of these are supplied from around Mentone, where they get as much as 44 cents a dozen for the highgrade specials and ship sometimes two freight cars a week. Texas supplies most of the dried eggs now, shipping them: by boat. The reason the Government wants dried eggs instead of frozen eggs is because no refrigeration’is needed on boats going to England. It has

In Sales to Shippers; 10,264 Hogs Arrive.

Early hog sales at the Indianapolis stockyards today were made to shippers at prices the same as Saturday’s, the Agriculture Marketing Service sold steady to 10 cents lower. choice 200 to 220-pounders. lower with a $14

HOGS Good jhe onal

been reported that ai least onejmedium—

whole boatload of eggs the U. S. sent to England were spoiled when they got there. This won't happen to

dried

are retailing around 45 to 47 cents now, pullet eggs cost only 27 or 28 cents and poultry experts say they are the best buy except they are smaller. | » Another reason:the new ‘egg-dry-ing plant is not expected to have too much influence on retail prices is that it will buy heavily in the flush of the season and will be able to use undergrades whose quality is all right but whose appearance is not the best. If Indiana egg producers increase their production 12 per cent in the coming year, as the Government has asked them to do, that would mean 142,000,000 dozen eggs. That would more than take care of the egg drying plants without influencing retail pri it 3 is done. s JENNY BD. ‘whom Barnum billed as the “Swedish ightingale,” has 8 dam named for her at. the Charlestown smokeless powder works. Originally it was an . old rock dam built by a farmer who had paid $50 to head Jenny Lind sing :at Louisville. But now the dam has been rebuilt, earth-filled with a concrete core. It's job is to purify the industrial sewage from the powder plant before it empties into the Ohio River. ” » A ROW " BREWING over the sale of Public Service Co. of Indiana’s $38,000,000 worth of bonds in late 1939 and 1940. The scrap doesn’t concern the utility itself but

is between the Securities and Ex- C

change Commission, the Government’s policeman in Wall Street, and the National Association of Securities Dealers. The NASD is an association of brokers and dealers which polices its own members. In selling the Public Service Co.’s bonds, the underwriters and dealers were. supposed to keep a certain.set price until all were gone and the syndicate terminated, which was three months after the bonds were put on sale. underwriters and

But some

brokers violated the agreement and ne

in all 70 members of the NASD were “disciplined.” Now the SEC is going > “investigate” to see if the NASD overstepped its authority.

ODDS AND. NDE: A, O. Evans, head of the new OPM priority office in Indianapolis, ‘talking about rumors of Government hoarding need- | Common ed materials, said the P Iphia Navy Yard supply of steel plate, but used it all up in 10 days repairing two British warships. '. . . President Joseph W. Fraser of Willys-Overland says he is willing, if necessary, to take a loss on automobile manufacturing, “ make it up, out: of defense orders, . just to keep auto Jrusitioss on tap for future. . . , Just how many tax

anticipation notes have been sold | Treasury won't allow |p

is a secret. banks to tell.

LOCAL PRODUCE

Heavy breed i hens. 33 lbs. and

gen roti +. heavy bri ‘ feathered. 14c; No. under She ' jhorn hens,

here { Ph

colored

ver. 1 3 ins, sid over.

tere, 1 Ho 103s. ey te. |

ted by the|co

eggs. Although Indiana Grade A €g8S| Good—

Packing Sows Good and Choice— 350- 300 pounds ...

- 330 Poun 3%: 360 pounds

450- . 450- 510 500. pounds .

M 280-50 500 pounds Siaughter Pigs

Madi and Good— 90- ounds

CATTLE Slaughter Cattle & Vealers (Receipts, 1922)

iisesseasres IN:

sessssssssee 11.

dium 1100 T pounds ove 1100-1300 pounds

8.00Q 9.25 Steers, Heifers

500- 750 pounds [email protected] . [email protected] $:[email protected] [email protected] 7.00 8.50

Chotce 50- 900 pounds ce.cccccsccce

1750- 900” pounds ..cceecscncs. Medium— 500 900 DPOUNAS cecccccosccs Common

ecto

Bulls (Yearlings excluded) i veeesenseses 8.50@ 9.35

ees 8. 35 i | = 25 «o 1.00@ 7.75

14.00 2.50

Medium Cu or and common.. Vealers

Good and choice Sommen and medium

Feeder and Stocker Cattle (Receipts, 600) ‘ Steers Choice.

unds 50-800 seesesBevenss

Good— 5000 800 POUNAS +..oeoseessss [email protected] 800-1080 pounds sssssnssceses [email protected]

{ium 500-1000 pounds ssc ecsnes [email protected] Common. 500~ 900 pounds ec.oo.cscses

Calves (steers) Good and :choice— 500 pounds dOWR s.ecceecne | pounds down......... Calves d and choice— 500 pOUDAS, GOWR «.....e.ire, 10.00@1L78

800 pounds down ........... [email protected] LAMBS

SHEEP AND (Receipts, +3008) d Lambs — Good an se stRetettoe 8. and | choles... seston 4

Lees msa rashes iL ma CHICAGO LIN LIVESTOCK sid io mosty ies hy aa wlifE

$10. 1030811238 .50

vo 11.00012.78 9.00011.00

Shedtum "an Common

SUGhE to 1 i highe Westerns il ‘Ted 1umibs, choice nativi $1 rio; throwouts, §$ .50 d

lings and Sheep stea! sm 9.25; Bulk at native ewes, $4.25 & le mixed: wei white Teeding Blo diss $10.85. WAGON WHEAT

Tt | Sow, | Li

own; fat .yearfed

TE EA

EE iy ek | THRILLING

—See These

SAVINGS !

Values Before You Buy! .

OUT OF PAWN we opcoars

d OVERCOATS

LIGHTER PORKER = 2 PRICES STEADY: =

Top Holds at $10:25 Here a 5

ce reported. ] Weights above 210 ‘pounds later | 3a Je The early top was $10.25 for good |; ih ealers were steady to 50 cents|Bord top. ]

10.25 Bulle rd Burro 5 | Bu. ash 0 | Butte Conti...

10.78 : ag Coca-C «10.25 11:60 Co!

& $0011.00 Col & Co 1 pf [email protected]

[email protected]{ Com

no . iy 200-270+ib, “ aver-|

Up to the close of the Chicago market|V i wd ‘for :

Month Ago .c.covovavennsas Year Ago ‘

$3 EEssnsesEssass es ®

gegELEEny

Smieen CEsEeEr ews

: er DHE 4 +

ERNE 2 g FI

East Air Litter. oh%

t1’ I pf. 55 t1 Refining. ve East Kodak

Aviation Corp . 3

PEE

BES

e Deo aa

Bald Loco ct .. 14 Balt & Ohio .. & oO pf-.

Sa u

Tr & 6 arber Asphalt 1%

. Ss Erie ct ‘Wi .... 5% Erie pt A Wi. 38%

SERENE SE EE g

fair Morse . ed Min & 8.. ve

8 A.. ed Devat ¢ ov »t n

d Phe t en réstone pf A. 104 lintkote 13 sod M Stove. . 24

Mach Francisco sug . . oe

. 38a 23

me ™

217 Bringtn Lo cvpf ig}

Pdf 4 de LE TER] TH Here

Byers,

Byron Jackson a Cio

al Pack allahan 2Zinec.. alumet & H .. an Pac nnon 8. Carriers & Gen 27% Ee T .

2 A0QOOOR000

Gillette SR... Slate, is 8S $5 3

G! Glidden obel, oodrich ...... toodrich pf .. ear - ..... 18

SEE ErREres we

BL s hic Gt W 2% h{ GIWRy | 3 ot 10% hi . 18%

Fl Hr LE

t West Sug . 3% B it W Sug of. 141% 18 hnd, . 13% 13 i : 1% TL

t A3 34 Hack Wat Mh A

ev El Ilm pf.113% Br 25

jeve Graph . Climas Moly Co 31%

LL e SEE

BE0eR0000098922

m rE He Suoblieso u M&O pi

it: +10:e

Colum Ga Col Gas pf A.. Col Pictures Col Pictures pi. Com Credit v Tr. 2098 Comwith&So pf. 1-16. Comwlith h Edison 33 a Aircraft. . Cigar . (1

Sons Sek pbrall ° 8% ons Sundries ne

Br J

Cons

13H LH +

ed jt DY PIO LOT

Copweld Shed: Corn Ex Bnk.. 38% om Prod pf..179 Crane Co .... 1 Crane Cream Wht ... Crown Ck ... Crown Zeller .. RB Zaller pt t sols

pe 22538

Jolins-Man he pone Lgh..

«21 —L—

Crucible

Kan C _.Sou.... 4% Esisey-Hayes B

Kenn L vis Kinney % pt... A Kresgs 8s

S88aa

Ex . 16

LIQUIDATION CUTS PRICES FOR GRAINS

CHICAGO, Oct. 20 (U. P).—|L Liquidation and stop-10ss selling re-|fosknced Are pressed grain and soybean futures on the Chicago Board of Trade today as buying interest became more cautious pending more settled) M conditions. Wheat finished 1 to 2% cents a bushel lower with December at $1.12%@%. ©orn was off 1% to 15%c, December 73%ec; oats off 1% Po 1%e, Decsmber. a off | Martin 1 c, GE c, and soybeans were to 1%c,| Matar o..o0ir an October Ao fe

HOF cig 111 LOCAL ISSUES

‘McKess & R pf.109 uotations furnished by local

gic eta onal Association of Securities Stocks Bid Ask

ce Co Ind . ir aid com: of

Laclede G ot. ee ane Bry .

ta DD

SSSR

Coal on v Coal bi. Val RR..

Glass . Toby McN & i Life Savers .

NNR IR Rae

noon a 89 dd g! $3. Buna saws

4 SaatNaSer aR

Me 3 Mesta Mich ... iam, Go» © Mamta stl pt. ‘113 -Moline”

Minn Ag Mission Corp L 12 adit

Mo-K Tex pf. Monsanto ot. Mont Ward ... Mor & Ess .... Motor Whi .... M4 Murphy G C... 68% Nee Nash-Kelv aees _ : Nat Avo. Fibres 4% : Nai Auto. F pf. 6 t Bond & Inv 11

Nat Bond & Sh 16% t Cash Reg.. 13% Nat Cyl Gas.... Nat Distillers. 2

Gypsu 5% V2 | Nat Gypsum pf Bh 512

aria? a Shearer 11

biiond oes hy +

"Sadi i,

rd Sha dt 2.

0. No Avo

4 i Nrtnwst-Ariiis “ao welPume

02 ..102 7

lor TE

T= 5

uncle Eek a 5s. S15 Tel

» ...J ens £8 11180 108 Shell i08 $8 dat 16 '. FOOD PRICES i: 4 pl Re bo." FE

. YE re

18.65 —0.05]

~ERYS -

BReS8RTS HEEE

82. nha a

s © HH FH]

ort 8 HHH

FRE

wBREREae Ng oF aa dae

rile +

-- ON

8:8 E88. =

130+

fo Jaw PUES

Banas NRNONDIAW wa

Sods

ee ame oF

3 tll:

Bt wo _

«Bs a

Se w

5 HLH LLL 4)

Fada FES

- u38 80a Sa

A on FAURE

win

RS a as FREE

an FRESE +H THE HE EL HL 1

" Sx BER Runs lH +++] +)

IT, Es

a» Fl HEEL

FERERRRER

od fet

sp 5%

b+:

} bli

en mn EEE SESE SERRE SE %

Sa SF

SHEED

+ H+ 1

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ctr rar ae ws

Se oF

LE a

CUCU CR *

ses Sd CE EE)

21:04 —0.26| High (1941), 20.65; Low, 16.82, 5 ‘High (1940), 26.45; Low, 18.08.

«a

Rae

SERERER FREESE pe

. phe

HHH FE

iH Pd

26 3%

[4144

ee -

= NF

Ruberoid Rustless

till

17 I1&Stl. 10% 10%

Safeway 5 pf ..110 Jos Lead .. 32% Sat B JR Seabd . 5-8 Seabd oh 14% TV . 11%

3 bak

a 1

= gus sees ws Frey Sashes 2s

rs_ Roebuck. Serve vel nev...

n Stl hron Bi ‘pt. 60 Sheil Un Ofi | Shamong |

« 18 se snetieid ‘102 Sh A Ari 5 m 3 Por BE i th Pac 12

5 13%

B58a30 357s

eh HERE Ehe 8S

FH HHH HE HH HE HE

S28.

FN NE FEAEIGEESR SSR BRS

ob a Se & FR

aonanBBS2ERG tH

tte

Bue CESER

Pelaut aph w 2% L' wees 8%

R . 41 Trans & W Air. 13% 20th Cent-Fox.. 8%

WEST COAST STEEL PLANT TO EXPAND

SAN FRANCISO, Oct. 20 (U. P.). ~—Columbia Steel Co., subsidiary of U. S. Steel Corp., today announced details of a program to increase the capacity of its Pittsburg, Cal., plant for national defense purposes. The program includes the addition of a new semi-continuous .rod mill, together with billet heating

ding. The plant’s wire and nail mill will be improved and extended to include additional wire drawing and nail machines, and new facilities for the manufacture of some wire ‘products, the production of which was - formerly confined to ' eastern mills. The warehousing facilities of the wire mill also will be increased. Cliangey will he made in the pri

it Te oF ones steel-making capacity is being increased to the extent of 77,000 net tons of ingots annually ‘through the installation of a new open hearth furnace and > increase in the capacity of the four existing open hearth furnaces. The program will require extention of the plant’s. open hearth buildings, the addition of new ladles, and additional ladle crane and a new charging machine.

BIG UTILITY WANTS

NEW YORK, Oct. 20 (U. P).~

Officials of Electric Bond & Share o practically section of the|foods. into every United States, are -considering a petition -to Government regulatory | stock. bodies for higher rates as an offset

"Mr, Groesbeck told stockholders at their annual meeting here that the management has been giving “serious consideration” to the question; of a rate increase. The need for greater revenues to counter the effect of rising costs also was emphasized at the meeting by S. W.

who pointed out that Bes operating revenues are running 4 per cent below the year-ago level in spite of a 14 per cent increase in electricity|® Yalues and a rise of’ 9 per cent in gas sales.

PLYMATE APPOINTED

William H. Plymate, manager | 2 of the Indiana Farm Bureau's Inas polls retail coal gis since s. been appoin manager of; tke Ehrlich Coal Cos

Foes we as ddddaadq SESEEsgsesss

y rating—the lowest of the defense

TO INCREASE RATES |=:

Murphy, president of the company, |19

jalgr 104

arren Byes .

Ba SEEERE

FEE HE

ag 16

pe 1

7 3. 101 117 oat : Eat 8 2 i Au u est Md p 5

esting id ting El rts. White 8S Dent 13% White Rock Willys Ogerid pt 1% Willys 4% 3. 6 Woolworth 30% 'oolwor Yann rthington ... 20% Weieht Aero .. 98

+144: 0 ra

Yellow Tr ...i13% 13% Young Baw. aes 9 Young Dain 3 oung sh Br. 12%: 12% le

Zenith Rad ... Zonite 2

+: +

9 s 2% 2%

PRIORITY RATING OF A-10 GIVEN REPAIRS

WASHINGTON, Oct. 20 (U. P.) — —The OPM priorities division today issued an order extending priorities assistance to virtually all of the nation’s industrial plants, big and small, in obtaining maintenance and repair materials. In line with the recently expressed | policy .of ‘the Supply Priorities and Allocations Board of keeping the industrial and business machine in good running order, the priorities division granted an A-10 priority

classification but higher than most given for civilian purposes—to faellie the securing of repair mater Among the industries granted the use of the A-10 rating were tele-phone-.and telegraph communication, including news wire services; printers and publishers; all kinds of manufacturing, processing or fabricating; all fo hw eo all gov= ernmental units. Also covered were charitable institutions, all forms of transporta=tion, educational institutions, commercial radio broadcasting and other wireless. communication, hospitals, and sanitoriums, and petrolleum enterprises. The order took the form of an

granted assis ‘curing repair bi main’

sential industrial classifications.

Dividends

American Barge Line Co. 25 cents on common payable Nov. 1 record Oct. 22 vs. like payment Aug. 1. Warner & Swasey Co. 40 cents on common payable Nov. 5 record Oct. 27 vs. like payment Aug. 5. Silex Co. regular quarterly 30 Sonts payable Nov. 10 record Oct. Tubize “Chatillén Corp. $1 on class “A” payable Nov. 1 record Oct. 20 vs. like payment Aug. 1. Homestake Mining Co. ' regular monthly 37% cents payable Oct. 25 record Oct. 20.

ncorporations

Purves Manutacturing Corp., Indian ent incre: common

cA tion,” Sepik pulpal

DAILY PRICE INDEX

pomp or 100: ay areasrasruvsses 14150 Week i 0 a ssssnssssessesve Hl Month

{Sassserreaseenres 1

aw oh. ID...ucnl. U.S: STATEMENT SE Sha ha 08 ii EE BEE 5.00

115,

Clearings: Debits $¥stncevessenusnnssnsiuese 11,329,000

BOND MARKET

‘amendment to one of Sept. 9, nich

Curing topie and mainienatie Tar ed

Howard N. King of the Infertype Corp. will discuss “Typography That Sells: Merchandise” at the Indianapolis Advertising Club’s luncheon meeting Thurs day in the Indianapolis Athletic

STEALS SHOW.

A. T. & T. and New U. S. Issue Are Traded Heavily At New York.

NEW YORK, Oct. 20 (U. P).—

with prices narrowly.irregular. A few issues provided mild features, while the main body of stocks balanced off small gains and losses. On the bond board, American Telephone 3 per cent debentures were turned over ii giant amounts, and first listed transactions were made in the new United States Government 2%s of 1972. A block of American Telephone debentures amounting to $1,766,000 appeared at 111% per cent. of par. Total sales in the issue up to the end of the third hour amounted to around $2,700,000 . par value. The U. 8S. Government issue opened at 102 24-32, Consolidated Aircraft was a firm stock feature. Selling ex-dividend 100 per cent in stock, the issue opened at 19%, off 3, and then rose a point. General Electric was active at its 1941 low. Atlantic Gulf issues made new highs. United Aircraft lost a point. Steels were slightly r, motors steady to firm and rails firm. Oils rose under lead of Standard (N. J.). Amusements and mercantiles were firm. :

Incorporations

Co., on 03 change of Baimer Harris st. + §ndianapolis. erandra Securities Co., Alexandria;

dissolution. Shepping News, Inc.. 51 Detrols ta

en BE. McGarr, et 100 shases without par vai e; e: to nting an blishing business; cGarry, * Gntherine T¥ MoGa

M mo Storage Co., Ine., 1100 8. Union komo; agent,. n h Apt. 21, Gateway Gardens, res common of $50 each; ‘storage and warehouse business; Irvin W. Beecher, Raymond J. Mors, Warren Leary, Frank I; Bursch, Rudolph oe Gerndt. c., 306 Indiana Trust

Sunbeam : Realty Bldg., Tndianapolis: a: font: Marion BE. um, same ad 000 shares without

par yajuas — “Bear Mairon E. Slocum, arity &

Block Co., Indianapolis; BY an. & aAdvertisin sloga! “An- = Beauty Salon,’ sing 8: Toho cals,

American Stove New Jersey cor0. Reid

The stock market was dull today |S

signed to active duty with one of

the ‘Air Corps pursuit groups.

‘Lieut. Glenn M., Rynerson, 38326 N. Capitol Ave. and Lieut. Russell H. Rauch, 2333 Riverside Drive, both of ‘whom graduated from Brooks .Field Sept. 26, have been assigned to Selfridge Field, Mich, where they will fiy Uncle Sam's latest pursuit and interceptor planes. While at Selfridge, where the will be members of the 52d F Group, the youths will be given final polish on instrument flying, eross country flights, gunnery. practice . and other phases in the ualnng program,

Corp. Robert George Von Staden

hr Camp Polk, La. was home on furk

den, who worked Corp, Von Staden at Beech Grove *n

shops before being inducted to the service Feb. 1, 1941, is a tank driver,

Sergt. Howard Light and Private Fred Lauh, both of Indianapolis, are returning to Camp Shelby, Miss., after spending 15-day furloughs with their f ies and friends. Both are tes of Tech High School and now are members of the 38th Division, headquarters company.

The Army recruiting station ane nounced the enlistment of three more Indianapolis men, two info the 4 Air Corps and one with the Regular’ Army. : They are Clifton D. Chalfant, Kenwood Ave, Air Corps, assigned to Wichita Falls, Texas; Stanley Haas, Air Corps, to Biloxi, Miss. and Gerald F. Burkert, regular army, to ' the Phillipine Department.

Four Indianapolis schools Have announced their participation in the state-wide Navy Day Essay Contest sponsored by the Indiana Navy Day Committee They are Tech, Shortridge, and

L.|Howe High schools and Tudor Hall

School for Girls. Several hundred high school pu= pils from throughout the state are competing in the contest. The essay theme is te be centered around “Our

rry. | Navy, Its Battleships, the U. S. 8.

Jhqians; vend the Men Who Man

ci ©

PERFECT ET] "TO INDIANAPOLIS

in soo

em fedic cines and pharmaceutical prepara-

DANS

weir The CHICAGO

148 E. WASHINGTON ST.

hi DYEING | 60.

on "on Everything

‘Diamonds, monds, Walciles, Musical Instruments, Cameras, Clothing, Shotguns, Efe.

JEWELRY CO., Ino.

reer cadoanrema etry, 4,320,000

NOVELTY SHOES S100, $1.41

za KINNEY'S

188 E. WASHINGTON ST.

SAXOPHONE

_ INDIANA MUSIG 60. 115 E Ohio St LL 4088

)

YOU CAN STILL GET GLASSES

SY CREDIT TERMS

BE ———

“WAN TED_ Experienced Collector “Mush Date own, ar. Steady em-

286 "285 Massas chusetts Ave. USE SE YOUR CREDIT at,