Indianapolis Times, Indianapolis, Marion County, 21 October 1941 — Page 16

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lignapo is ‘Business Summary

"Week . Last Week Before . A Year Ago

Last Week

Bic Clearings ...........0.. 00. $23,536,000 $24,940,000 $26,045,000

Bank Debits “essaiaanneninesesies $71,617,000

Postoffive Receipts esssrssrcuccerss {Buhding. P Permits sepsesssacssanise

Sssenséotoninenciqosincen

Avartmenis ess sscesuboniarsion

Business sesssseansensenssiieree pte seresseneagrearsrncce blio *essesecessiecerenasennes ‘Repairs & Alterations ......... plied for ‘Jobs Gesevsssceessessene

‘Received Jobs stesasestassenirncess’

Claimed Unemployment Ny Compensation (Oct. 11) “ee0esvees Freight Carloadings: i Inbound ...cc.coovvsvcsnnnssnse . Outbound .......ccones00000000

Electricity Output’ (kwh) .....ces... 15,058,000 ~ « Water Pumpage (gallons) ....Jes...264,980,000

- Streetcar Passengers (Oct. 11) 4... : , Telephones In Use (Oct. 16) .qe0es. Livestock. Receipts (head) ......... Cattle cc.ocococoosansosvaccesen Calves 0000000000000 00000000000 : Hogs eeseccsecensvsssececsasice Sheep esses vcsplesestecesneges ‘Grain Receipts (bushels) cocoecesses Corn: ...cenecccccocscososcnsece Wheat eevessscccsecssssceraseee Oats cocessscccsscsncacrcnsnnsce

Rye 0080000000000 0000000000000

Soybeans s0sesssessssssccseerce

$95,407 $135,250 389250

+ $85,054 $133,500 o

+ 0

0 0

$30,980 1,272 604

{0 $19,500 1,182 620

1,444

13,590 2,004 15,187,000 269,160,000 1,403,567 4846 66,615 5,992 2,530 48,156 9,987 462,000 300,000 25,000 118,000 5,000 " 14,000

1,461

3,769 2,326

1,443,430 +137 70,897 6,150 3,025 50,729 10,993 - 465,000 345,000 21,000 42,000 0 51,000

$206,680

$901,768

$162,650 : 0

$80,200 ssl

: 1941 % ong. Bid 45 Thus Far "41 v5.40. | $830,765,000 + 212 | $2,055,471,000 £2482,90%,000 +208, $3,661,944

$3887.41 | $8.244,208

3 >

$2,183,650" $128,126 " 33,619 15,106

190244

116,154 87,142 492,823,000 9,961,370,000 52,902,435 98,452 2.474277 257,939 126,215 1,921,310

BBE!

#5 x

. 103,864 579,146,000 10,964,840,000 109,055 2340955 210,557 122482 - 1,724,867 . 246,569 217,841,000 18,467,000 4,056,000 4,720,000 229,000 494,000

[+++ +++ + Frei) iar rte

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_.Sources of above figures: Indianapolis Clearing House Association; Indianapolis Pestoffice; City Building Commissioner; Security Division; Pennsylvania Railroad; New York Central; Baltimore & Ohio: “Illinois Central; Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co.; Indianapolis Railways; Indiana Bell Telepone Co.; Agriculture Marketing Service; Indianapolis Board of Trade;

‘Indianapolis Office of State Employment

PRIORITIES ‘CLINIC’ “WILL BE HELD HERE

A priorities “clinic” to acquaint businessmen with operation of the priorities system will be held in In< dianapolis Nov. 6, the OPM announced in Washington this afternoon. In Indianapolis, A. O. Evans, Indiana priorities representative, said members of the OPM priorities staff from Washington ‘would come to Indianapolis and hold conferences with, representatives of various: industries. Included 'among staff members will be John Martin and Mason Manghum. They will ex= plain the basic policies of the priorities division.

DAILY PRICE INDEX

NEW YORK, Oct. 21 (U. P)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1030-32 average equals 100): ¥Ye58rday ....ocosevececesss 14081 Week Ago 8080000000000 142.80 Onth AZO seecessessssssces 145.05 FEAT ABO +eveee-ssseseesces 120.95 1941 high (Sept. 9) assesses 14791 1941 low (Feb. IT) eueeeesso 123.03

LOCAL PRODUCE

Heavy breed colored hens, 5 lbs. and 9c; heavy br d #2 Lr foi oaths red. 1 Ph 11c hen ring:

19 oun 9c. sprin Barr TE ag, % No, Gi ing i apringors. 39s. snd Sver. 1 cs Log horn Leghorn springers. 3 Ibs. and over, Yoo: gg FERS gs—Current receipts, 5¢ lbs. and up, . Graded s—Grade A large, 34c; Grade A pity Grade A A Small, 2lc; no

Butte 36@36 . 3, 34% ic; Bulier-Cito, To, j@geiie; NS 3.2%

ers,

The Prediction Rural Areas

prosperity in this ‘country.

has not come fo pass, however. The Commerce Department’s report for September discloses that stores in the smaller towns throughout Indiana are showing more of an improvement in sales than are the stores in the big cities of the state. That would indicate "that farm areas of Indiana, enjoying booming prices for . grain and livestock, are doing as well now if not better in the defense program than the Roger Budrow large cities. That was not the case at the begininng of the defense program when defense orders consisted chiefly of armaments made in city factories. But then the farmer came into the defense

‘|program and was asked to supply

increasing amounts of food to England and to this country. Prices s,| went up, and are still .going up.

Lag at First

Pigures of the Commerce Department show that the farmer got in’ later on the defense prosperity than did the cities. ‘In ‘the past nine months, retail sales have improved most in the larger Indiana cities. such as Indianapolis, South Bend, Gary and Ft. Wayne—a 26 per cent -gain over the first nine months of 1940. During these nine™months Indiana cities of 2500 to 5000 population showed only a-14 per cent gain in retail sales. Towns of less than

12600 had a 16 per cent increase.

But take the September figures by themselves and the picture is a different one. ‘Towns of 2500 population and less made a 3 per cent increase in retail sales from August to September whereas the “Big

cent decline from August. The 170 stores reporting from Indianapolis showed less than .5 per

' | cent decline in sales from August | | but remained 20 per cent ahéad of

‘September a year ago. Ft. Wayne and Gary did not fare so well as Indianapolis but South Bend did better.

) « Jewelers Lead Gary had a 4 per cent increase over September, 1940, but a 23 per cent decline from August. Wayne sales were 35 per cent|y greater than September a year ago

of September, 1940, and 3 per cent greater than in August this year.|m Jewelry stores’ sales in’ September

the same month last year. Auto-

- | September, 1

Our Boe. are 508 cleve ‘their tax bh :

‘| Er

This or, Joko however, apparently

department stores. The Federal Reserve: Bank of Chicago reports

‘among the big cities

| Federal Reserve Distriet. which in

ro ho

Four” Indiana cities had a 3 peria

were 81 per cent greater ‘than injy mobile sales hig 20 per cent under | ¥

t Bo pri an Por i RE

gh ent Nowspa

~ . Qenter Township Trustee; Federal Reserve Bank of Chicago; Indianapolis Power & Light Co.

Went Wrong: Arg Prospering

By ROGER BUDROW

Last spring one of the nation’s prominent economists prodicled that the ‘war and defense program would produce a Strange kind of

Cities would boom but farm ‘areas would slump into a depression because foreign markets for foodstuffs would be cut off, he said. Such

STEEL FIRMS NET 8 PER GENT IN "40

WASHINGTON, Oct. 21—(U. P). —The 10 largest American steel companies did a total business of

$2,931,000,000 in 1940 compared with $2,255,000,000 in 1939 the Securities & Exchange Commission. reported today in the first of a new series of corporate studies. On this combined business the 10 ‘steel-making concerns made an aggregate net profit after all charges in 1940 or $242,000.00, equal to 8.3 per cent of sales and 8.4 per cent of net worth, compared with $121,000,000, or 54 and 4.3 per cent respectively, in 1939. Total combined assets of the companies at the end of 1940 were placed at $4,305,000,000 against $4,114,000,000 a year earlier.

gregated $114,000,000 compared with $57,000,000 in 1939, while undis-

The 10 companies included in the survey were: n ing Mill Co., Bethlehem Steel Corp., Crucible Steel Co. of America, Jones & Laughlin Steel Corp. National Steel Corp., Republic Steel Corp., U. S. Steel Corp. Inland Steel Co., ‘Wheeling Steel and the Youngstown Sheet Tube Co.

GRAIN PRICES OPEN ALMOST . UNCHANGED

futures were little changed in outset dealings on the Chicago Board of Trade today. Soybeans displayed steady to firm tone. Wheat opened unchanged to % cent a bushel lower with December at [email protected]%. Corn was up % to off %4¢; oats unchanged to %c lower;

to 3c higher.

AL ISSUES

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but 7 per cent below August. South|Ind & hs + Bend sales were 30 per cent ahead

In Indpls AL Sh%

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NOTES. - AVAILABLE . THROUGH—

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SOME PRICES

Dividends paid out in 1940 ag-| ha a

tributed profits were $128,000,000| %22¢— land $64,000,000, respectively.

The American Roll-| Medi

Corps, | G5

CHICAGO, Oct. 21 (U. P.).—Grain | Cann:

rye unchanged, and soybeans were Son

“Paul A. Hodge, assistant ‘sounsel of the Federal Reserve Bank of Chicago, will discuss the recent Federal regulation of consumer credit when he speaks at opening session of the Indiana Association of Personal Finance Companies’ 26th ‘annual convention Nov. § and 6 at the Claypool Hotel.

ON HOGS RISE

Weights Over 210 Pounds Sell 10 Cents Higher Than Yesterday.

Hog prices were steady to 10 cents higher than yesterday’s bulk sales at the Indianapolis Stockyards today, Service reported. The advance was made on weights over 210 pounds. Today's top was

pounds. Vealers were ‘steady with a $14 top.

calves, 1058 hogs and 3496 sheep.

HOGS Good. and Choi 20- 140 40- 160 160- 180

Packing Sows Good and Choi 270- 300 pound 300- 330 pound 330- 360 pound

Good— 360- 400 pounds ... - 500 Pounds 450 500 0 pound Med: ium

Medium and Good--90- 120 pounds ...c.ce..e ‘on

CATTLE : Slaughter Cattle & Vealers (Receipts, 1856)

9 po 1100-1300 poun 1300-1500 pounds .

750- 900 pounds wssenensnses 114 13.9

=1100 pOURAS ..ccveasssnas 300 Pounds “see 500 pounds sesnetsocess : 1038 15.00

Fe suis Comm:

750-1100 pounds heevase eevee 8.000 9.00 Steers, Heifers

01Ce— 500- 750 pounds ........

UM 750-1100 - pounds 1341.4000 pounds

seesossncse 9. evo ee

voee 11.75012.50 950 pounds

Cho

0s 500. 900 pounds: .cesesvesces | 3:[email protected] 500~ 900" povnds svesasss sans '[email protected]

Common--500- 900 pounds seve 1.00@ 8.50 ig

Cows Best B gona Hsseniens IEE REL 2} 3% essssasee a0

004 Mediu:

| Talks on Credit |

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EERBEREREREE

5 FEES,

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$10.25 for good to ‘choice 200 to 220|Ben In

Receipts included 1856 cattle, 550 EL 8

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‘Feeder and Stocker Cattle Weeclots, 550) Choice 500~ 800 pounds .....ccce..s.$10.50 300-1050 pounds essscesssicss 10.25 500- 800 ese0etocnseny 9 800-1050 Bond ercessessenn 9.75

edium. 500-1000 POUNAS ..ecvevccses _- Com

1.50 11.35

[email protected]

Good and choice . ao dounds dOWD c.eeeseesess [email protected]

500 pounds down .c........ : SHEEP AND LAMBS (Receipts, 3496) Lambs

Good Medium and good Common Ewes (shorn) Good and choice

Common and medium ........ 3.00@ 435

eee 1.500 9.00|c

[email protected] |;

and choice.......... vv. [email protected] | BEY 03QILE0 | § [email protected] | 5

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BUTTER, EGG SET

Times Special WASHINGTON, Oct. 21.— The East North Central States of Indiana, Illinois, Ohio, Michigan and Wisconsin «are not only the “bread basket” of the nation but the butter and egg basket as well, the Agriculture Department’s cold storage report revealed today. For this section contained more of these foods in cold storage on Oct. 1

* than any two other regions combined. Here is what was in the East North Central States larder: - Butter 80,441,000 lbs.; American cheese 86,106,000 1bs,; eggs 2,273,000 cases; frozen eggs 51 858,000 1bs;; and poultry 25,503,000 lbs. % |" The breakdown for Indiana was

as follows: Butter . 3,230,000 Ibs.; American cheese 1,558,000 lbs.; eggs 29,000 cases; frozen eggs 2 124,000 1bs.; and

poultry 706,000 lbs.’

No U. S. Money ~~ From Europe

NEW YORK, Oct. 21 (U, P).— The return flow of United States currency from Europe came to a complete standstill in September ‘| for the first time since May, 1923, according to the Federal Reserve Bank of New York. The bank reported that only $1, - 943,000 in American currency was shipped here from foreign countries last month, of which $1,173,000 came from Canada, $545,000 from Argentina and the ‘rest from other Latin-American nations. Most of the Canadian shipments was, believed to represent bills spent in the Dominion by tourists from the United States, During August, receipts of U.. 8 currency from all foreign sources amounted to $2,913,000, of which a small part came here through Portugal—believed in banking circles here to represent money seized by Germany in the: invaded European countries. The bank report also disclosed that exports of U. 8S. currency in September dwindled to $565,000 from $1,543,000 in August. » | Dominican Republic received or 000 of the September shipments, while $91,000 went to Canada, $50,- 4% 71000 to Cuba and $19,000. in Bermuda.. |

WAGON wast

Up to the close of thi today Indianapolis Pherag elevators »aid 95¢ Fs red whaet (other gra des and . Pyslio de per bushel or phened old low co ai white © _ white sh . o ’ red, oats, 38c.

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WHEN?

Manufacturers are in doubt about production

and styling of future models. Taking good ‘care of your present car is sound judgment.

- Whether you are driving a 1942 or an earlier ‘model, the first item in car care is complete insurance protection, Be sure your polio; | provides current replacement value; that it guarantees full, prompt payment for loss or damage to your car from any cause, and for : injury to the persons or property of others, Be sure it affords the conveniences of Rost a Service and Touring Information. HE Eh 3

Yom’ can 1 mre of al thin: piotection: andl: ~ generous dividend returns if you _ choose our Blue Ribbon policy. In. Yeligue 8 wow, Salo or r write, Sich