Indianapolis Times, Indianapolis, Marion County, 30 October 1941 — Page 14

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Campaign ~ Voluntary

Being Planned to Increase i Buying of Defense Bonds 4

© IT IS AN OPEN SECRET THAT DEFENSE BoNDs |i haven’t sold as well as Treasury officials hoped they would. ~ Perhaps the public was waiting for a big drive, with fanfare| a" and parades like the Liberty Loan drives of the World War, But Secretary Morgenthau insists over and over that

gr Am the Government won’t put on the pressure that way this Am Can

time, Instead, another method is being tested out.

New York State will be the prov~ ing ground for the idea. It is simply this. An extensive system of “con= . tact men” will be set, up. These men) ) + owill try to. work through employee groups and labor unions. They will ask ‘the workers to tell their employers they want to buy bonds. Companies will then deduct. any amount specified from the worker's wages and buy the bonds for gi him. The juss Roger Budrow isn’t particularly new—it is ‘being done by some firms here. But the point is that the new plan will be a thoroughly organized, extensive program to put on the big push. Up to the first of this month, one and one-half billion dollars worth of defense bonds had been sold but only about 570 million dollars worth was purchased ‘ by 'smaller-income

persons. : Ed » »

JOB-SEEKING Oakies are migrating to California again and in greater numbers than when John Steinbeck wrote about them in his “Grapes of Wrath.” Now, however, there .are no border blockades or controversies as there were in the dust bowl migration five years ago. More than 85,000 job-seekers have gone to ' Californa by automobile this year, 45 per cent of them from Oklahoma, Arkansas and Texas. But whereas the Oakies were hunting farm jobs .five years ggo, they are after shipbuilding, aircraft and other defense jobs now. J ® 2 = ODDS AND ENDS: Harold L. Ickes reports 12 of the 40 U. 8. oll tankers Britain borrowed from U. 8. have been returned, three more will be this month, 256 next month. . . . Record-breaking October heat has resulted in a second crop of cotton (new bolls on old stalks), an unknown phenomenon heretofore, in [© West Tennessee, Eastern Arkansas and Southeastern Missouri. . . . If U. 8. enters the war, stock market men expect trade to boom again to million shares a day. .. . In addition to two Lawrenceburg, Ind. distilleries, another one, Brown-Forman of Louisville, will process Govern-ment-owned corn in 190 proof alcohol for Charlestown smokeless pow=der manufacture. Brown-Forman will supply 8000 gallons a day, will build new. stills cisung sm to $100,000.

British Get Low U.S. Train Fare

"WASHINGTON, Oct. 30 (U. P.) — Reduced railroad fares granted to members of this country’s armed forces will be extended, effective . Oct. 31, to all uniformed British Empire military personnel, the Association of American Railroads announced here today. At the same time, the Association "disclosed that all domestic railroads . have agreed to continue until Oct. 31, 1942, the special coach fare of 1% cents a mile for both American and British Empire sérvice men, * The agreement, entered into on May. 1, 1941, for members of the Army, Navy, Marine Corps Ee nny Guard, was to have. expired at the end of this month, J. J. Pelley, president of the Association, explained that the lower rates on apply to cadets, men and nurses of the various serv- | ice branches.

' STEEL ALLOTTED FOR PAILS WASHINGTON, Oct. 30 (U, P.)— The OPM announced today that enough steel will be allocated to ‘manufacture 1,340,000 milk cans and ‘an additional supply of milk pails|2

y i needed to handle the Snjicipated

"8,000,000 gallon increase 190

PERSONAL AND § CONFIDENTIAL

BIDS FOR HOGS ADVANCE HERE

But - Sellers Hold. Out for -25 to 30 Cents More Than Yesterday.

Bids for hogs were 15 to 20 cents higher today than yesterday at the

os UNETED PRESS -

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Indianapolis Stockyards but sellers|am held out for 25 or 30 cents more, im

the Agriculture Marketing Service|4n = reported. No sales were made in|4nac Wé&Chble 31 early frade. Armour A op Vealers were steady with a $15 Amustrons’ CE je top. Receipts include 800 cattle, 500 nol ont 3 calves, 8000 hogs and 2000 sheep. is Dr G s 1 of 8 chi . 29 Wednesday, Oct. 20 chison Pleees 4 . Ne.... HOGS tl G & W I.. 43 Good and Choice— t1 G & W I pf 54 120- 140 ing.... 38% 140- 10 s Corp ve ie: 0 a TEN: 3 150 Aviation Oorp.. 3 2204 240 240- 270 pounds .. 270- 300 Bald Loo co ct.. ‘14% 300- 330 Bal: & & Ohio.. $8 30 & O pf... 6 Medi Be & ar 8 160- 230 pounds ......cee0i. [email protected] | Bangor & Ar pf 39 Packing Sows Barber, Aspnals 12 Foe 300 pounds § 0.1500 95 | BATES CY 8 - B .eescsesens os , R 300/330 POUNAS ..oovrsronssnr 9.100 9.80 | Boch 3 Pee. lett Pe 360 pounds .i.ecescscece 9.659 9.75 Avn.... Tie 360-400 pounds ....sesrrecse 945 9.78 en 14d Lean. 141s = 450 DOUNAS eusevonvan.s 31:8 9.55 | Both Steel... 82% 450- 500 Pounds sessesecseese 9.00@ 9.35 | Bigelow San... 28 Medium Black_& Decker 21 250- 500 pounds .....eevsence 8.50@ 9.35 | Blaw-Knox .... TVs Slaughter Pigs 83 & Sausn i Medium and Good— ee AREER 90- 130 POURS + vseeeee.. «+ 8715@ 9.00 Bohn Al & Br.. 28 Bond. Stores... 20% cathe PASH .vii ine 20%, Slaughter Cattle & Vealers (Receipts, 1084) | Boston & Me 2Y, Steers Brew Cp 4 Cholce— . Lad AEDES. + ve a 750- 900 POURS [email protected] | BEIynoM TF 8% 900-1100 Beans Pe iso 133 yn & Tr : 2% 1300-1600 pounds .....e.veve 11.00G12.00| Bruns. Bike aus 11 J50- 900 pounds ............ 1.00013, yrus-Erie .. 8% 300-11 EY 2aazenssvea et 10.90 1300 judg Mes op ea 1300 pounds ..ecssesenssss 10.25 udd Wheel .. Ya

1.50 Medium pounds .eesiescecces Shek

100 pounds ...cessssess 9.00 10-0 Do 4000000000000 9.00 Ba

750-1100 1 POUNAS ..eoineeees « 8.000 9.00 Steers, Heifers

Choice . 500- 750 pounds ............ 11.75012.50

500- 750 pounds ....... veers [email protected] | Ct Beifers Cal

750- 900 pounds e008 css tnsieny [email protected]

750- 900 POUNAS ceeseessnse.s [email protected] - 900 po ceoecs [email protected]

Feeder and Stocker Cattle (Receipts, 496)

Canada Dry «es 16 acific

Capit d pf A. 38 Sarriers ge Gen a%

500- 3 POUNAS cecscoscsces [email protected] Case JI ipf.. 500- 900 POUNAS .....ccose00 7.000 8.50 Caterpillas T. an Cowy Seian ”

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Celotex ....... . GO0d soso ctvcocciins svsangsee A o ve ) Medium cages 8% Ed £113 Cutter and medium 'o..esers. 6. , N J: 2% Canner ess usta nanene'y use t- Viol Sug.. 13% Balls Cerro de Faso 30% (Yoarlings excluded) Certain-teed. ... Boat 2.75@ 9.28 Cer’'n-td 6 pr pf 32 Sausage '"1tt sv one Champ Pap Pp .108% Good 310 9.00 Ches Corp .... Medium “':100000NN NII 9s@ 9.00 | Shes & Ohio .. 36% Cutter and common ....... 7.00 7.15 Chie E or 1% Vealers Chi Gt W Ry pf 10% Common and choice ..... sane 4.00 15.00 | Chi Mail Order 5% Sommon and medium ........ 13.90 Chi Pneu T ... 15 Bhavana mses nyse ress a5 9.00 ch Pn Tool pf 39% Chil Cl Cit

Steers Cholea.s

800-1050 nas secsercscsess [email protected] Good— po

500 800 pOUNdS ...seveccsses 9.78 800-1050 pounds Gest 000eneee 9.75 050 Mediame-500-1000 nounds sev soccesnone 8.75@ 9.73 Common-—-500- 900 pounds ...ce.....00 T.25@ 8.7% Calves (steers) .

Good and. choice— 500 pounds dOWRD ........scs0 [email protected] Medium-—— : 500 pounds down «s......... 2.00010.75

Calves (heifers) Good and choice

Medi

SHEEP AND LAMBS (Receipts, 1008) Lambs

Good d choice... ..... soence 75 * | Medium "and Good “esse essene 1638 3% OIE: a0'sad'ess'snennsls ses coe 8.50 10:0 Ewes (shorn)

Common and medium ........ 3.000 4.38 I ———————

LOCAL PRODUCE

Wednesday, Oct. 20

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Laknorn ringers, "ibe. aie oc:

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Incorporations

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Year AZO ..ccovecscns High (1941), 30.88; Lew, 26.54. High (1940), 32.67; Low, 22.14 15 UTILITIES

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This flabby creation is a fighter for Uncle Sam. The U. S. rubber industry has orders for a half bile - lion dollars worth of the barrage balloons for guarding vital defense industries. British claim they do the Job. In Akron, O., General Tire & Rubber Co. officials standing beside balloon give an idea of its stun

| STUDEBAKER TURNS

LOSS INTO PROFIT

SOUTH BEND, Ind. Oct. 30 (U. P.) —Studebaker Corp. and subsidiaries today reported net profit of $702,303 for the September quarter compared with net ‘loss of $499,814 in ‘the corresponding 1940 period. Net earnings for the latest quarter were after Federal income taxes. Net sales of the corporation for the quarter ended Sept. 30 amounted ‘to $23,197,638 against $14,681, 010 a year earlier. For the first nine months of 1941 the corporation’s consolidated net profit was placed at $2,016,180 or 90 cents a share compared with $457,495 or 21 cents in the like 1940

. A

DAILY PRICE INDEX

NEW YORK, Oct. 30 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ......ceeeseesssive.143.19 Week ABO sicceereivioseese. 142.85 Month ‘Ago ....... sisesssass 12043 1941 High (Sept. 9) ..cceee..:14791 1941 Low: (Feb. 1 cesses sees 13303

“= . Ne High Low Close Change

Us Plbe EPF..2M% M% 21% — U 8 Plywood .. 25 25 a8 + % U 8 Realty 1 1 1 - Er nit TN NN % U S Steel 53% 53% 53% — VY Us 1 pi J20% 120% 120% 4 nH US Tob ...... 243% 4, Hn hy U 8 Tob pf « 48% Ya 48% 4 Ya Univ Leaf T... 52 52 . Uniy Pict 1 ot. 156 156 156 ese Ya Vanadium ..... 21% 213% 2% -- an Norm ie ie Hi = #|dn Van Raalte 25 25 + Ya Van Raalte pf..114 114 114 .... Joa. hy AH, Cn Va-caro 8 25% 24 RT Va EI $80 ns 11a ate 1 one Wine : Waldorf S...s 8% 8 esas ny Dia 19% 19% 19% . Walgreen pf wwl04 104 . Wal, Hir-G& 32%; 32% 32% — YW Walworth ..... 4 Ward Bak B... a % Y% + % Ward Bak pf... 20% 19% 18% ~— arner Bros .. 4% 4% ‘oa Warren Br ... a Ya asso Warren # i Br. 33% ME Bw =u Gas Li ' 18% 18% 18% — 1% Waukesha Moi. 1 13a 13% 2 a Pump .. 1% 14 14 She Web Eisen ... 2% 2% — % Wes Oil 8 af a, RB. = J w A El 7 pf. An 102% 102 + W Val & P.. 19 19 nr West, Auto Sup 20% 26%: 26% + VY West Md ..... 3 2 3 enue West Union’ ... 30% 29! 0 — % Westtng EI. 13% MW 1% Vest £1 1 pf..123 133 mm, —1 pf ...11 2 110 10% + % Wheel Steel ... 37% 2 2% +1 White Mot .... 14 4 +n te Ki... in % i — lg ea. 12.1 MCF {Ilys Syetind 19 1% 1 vane Willys Overld pi 2 a am ll Woalworin es 0% oir 30 moe WEIGIEY verse .s 66 . 66 68 — % ve ow Tr Ya Young w i ili of i ik i Wo Snes’ oe —— 3%

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09 iin S33

Ea BM een: 37 oy $e

U.S. Army Goes to ° > Market in Big Way WASHINGTON, Oct. 30 (U. P.). —If you think your daily grocery bill is large, take ‘a look at this typical $650,000 Army shopping list for one day: _ 1,000,000 pounds of meat. 600,000 pounds of potatoes. .500,000 pounds of fresh fruits. 1,000,000 pounds of fresh vegetables. 1,000,000 loaves of bread. 1,512,000 eggs. And if your department store bill seems “to-get a little out of line,” look at what the Army bought over the counter during the last 18 months for 1,500,000 men: 000 pairs of pants; 20,000,000 cotton shorts; - 18,000,000 shirts; 8,000,000 undershirts; 13,000,000 handkerchiefs; 11,000,000 pairs of shoes; 6,000,000° silk neckties; 5,000,000 pairs of gloves; 3,000,000 raincoats; 6,000,000 woolen blankets; 6,000,000 cotton towels; 2,000,000 table forks.

LOCAL ISSUES

Wednesday, Oct. 29 ominal quotations furnished by I wr of: National Association of Securities Stocks Bid Ask Agents Finance Co Ind com... 1% 9?

Agents Finance Co Inc vid.. . 20 Belt 8tk Yds oom. eee BB 60 Belt & Stk td «ee BT oat ® Theater COM ......... 38 31 Comwith Loan 5% fd ..... 96 100 Hook COM vos esnss 3% eo T Wayne 8 pid ind Fs Jeo oh of i 107% tnd Hydro Elec 1% PId ......c 43% 46%

Indpis Gas Com ...... verse dB, re

a's 16% pls gL com pid... ....108 .is Class A com.... 14% 15% A i dh v8 0B Cc N Ind Serv $t% ped... 0% 103% xX ub. Serv % pao; Hin 114% n com . ..... Eromess. rH Ing, com... 11% 13% Pub Serv of Ind., Inc., 5% pid 94% a *So Ind G&L 4.8% pid...... 7 100 Union Title Mk “afd arseanes 3 Van Camp Milk com .....e.. 11 is ie Algers, Win i 7 Ba a .. 200 .is American n vessss 97 100 Amerean Loan po Pron 8 101 : ewspaper 1 od 6l....78 81% Cititens na 3 sr 1 saves Lyi 18 Crab: Raynoldsy lor Ba, 43. &7 108 Home T&T ¥6 ‘Wa “6s 43..103 - 108 nd Assoc "T, Co 308 . “ee -108 ei In pls. P&L as 10 «107% 109% Is* Railway Inc 5s or. wo oew 63 66 Indpls Water. "es works £3 ....108 108% Kokomo Water Works 5s 58..104 yi: uhner Packin 8s 48 --100 108 orris 5 & 16 Biores 80 ‘loo 108 N Ind Pub Serv 3% 60, $5. 10870 108% N Ind Tel SB. i inv ae 0 d 4 69 ......108 b 35 ..... chmond Water Works os. an. 105 . Trac Term Corp Bs 57 «13 7 *Ex-dividend. WAGON WHEAT to the slose of the market PRR Ag Be amis’ Sod main pein pa. 17980. per bushel . for 3 Ted wheat ‘(other or grades on" the their ois) d 66c per. b 3 shelled Yellow gon; S20 Jor J Ne. % white | © shelled som élc No. ‘3 ol | a

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ore +5

AMERICAN TOBACCO CUTS ITS DIVIDEND

NEW YORK, Oct. Directors of American Tob: Co. have accepted the recommendation of President George W. Hill thah the dividend on the company’s coms= mon and common B stocks be re= duced from $1.25 to 75 cents a share for the fourth quarter of this yedr, The dividend cut, announced fol= lowing a meeting of the company’s directorate here late yesterday, tere minated an unbroken record of $1.25 quarterly payments that had been maintained since 1931. The latest declaration, payable Dec: 1 to stockholders of record Nov. 10, will bring total payments for 1941 to $4.50 a share. : .. Hill advised the company’s stockholders of his recommendation in a special statement last Monday | in which he blamed the situation on the shaip upward trend of He indicated that American co’s 1941 tax bill will be $9,000,000 larger than last year, wi a . consequent ‘adverse effect |

gs. “Both the estimated earnings for ocal | 1941 of $4.53 a share, for this year, which are estimated § at $1.96 a share in excess of last = year's taxes, and the prior payment this year of $3.75 in dividends to the comnion and common B stockhold= : ers were taken into considerationy®

In announcing the directors’ ae~ ¥ tion today, Mr. Hill explained that. y. the 75 cent declaration was not to be considered as fixing a rate for future quarterly dividends. The board, he said, acted only with erence to the fourth quarter divi

wo SE

30 (U, Plas

The company’s stocks on the Ne York Stock Exchange were .s¢ down to new lows for the year this week following Mr. Hill's announces ment, the common dropping from 67% at Saturday’s close to 56 last night and the common B from

U.S. LENDS 6 MILLION A TO VENEZUELA BANK

WASHINGTON, Oct. 30 (U. Plo, 4 A credit of $6,000,000 has ; granted by the Export-Import to the Venezuelan Labor Bank, was announced here today. Gx The funds will be used to rase

replaced by combination | houses: and dwellings.

Incorporations 2% indianapolis. smeadment

Bevirage: Co. Inc. voi afent