Indianapolis Times, Indianapolis, Marion County, 1 November 1941 — Page 10

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Helping Out Small Manufacturer Is a Harder Job Than It Sounds ic of vv 's

By ROGER BUDROW

JOSE W she

ARE TRYING TO MAKE POLITICAL ing crocodile tears over the way small busi.been kicked around in the defense program are

lifying their arguments.

a big concern to give a small plant a subcontract to

: of a defense order isn’t as easy as cutting up a pie. not an argument, however, against spreading de-

production to prevent

squeezing small business out

y running and to increase armaments production.

those here who are trying more factories get defense nt out there are a number blocks. It costs more, for instance, “for a small plant to make a certain part than it does for the large concern that has been making it to continue manufacturing it itself. Engineering and inspection costs are greater. One . large firm claims its subcontract parts cost 85 per cent more than it could do: the job for. ement complications are : Hauling materials shed products back and the main plant, making ohio shedules dove-tail with fher—these are but a few. been discovered, in a num"instances, that the small 1 who was crying for didn’t know what t could make. thing—and one of the

alll

stamping jobs.. Not enough go around for all of them.’ this the rare exception, ‘be hoped, some “middlemen” g to cash in on their : of what manufacturer at kinds of subcontracting | One businessman here tells, ‘own knowledge, about a small

PORKER PRICES DECLINE HERE

15 to 20-Cent Slump Pulls Top Down to $10.50 At Stockyards.

the Agriculture Marketing Service reported. The extreme top paid was $10.55 for good to choice 190 to 200-pound-ers, but the practical top was $10.50 for good to choice 180 to 200pounders. Receipts - included 150 cattle, 50 calves, 3500 hogs and 50 sheep.

Good and Cho! 120- 140 pound pound pound poung

pounds pound

edium— 160- 200 pounds Ea Packing Sows

Good and Choice— 310- 300 pounds .....cceoeees 330 pounds .... 3%0- 360 pounds

Good— 360- 400 pounds .. 400- 450 pounds ... “ 450- goo pounds ......ie0.000 Msoium 500 pounds Slaughter Pigs Medium: and Good— : 80- 120 pounds 8.85@ 9.60

CATTLE :

Sessoinss

esses tsvsese

Choice— .. $11.75 . 11.78 11.50

1500 pounds ...eseescsses [email protected]

4 Hog prices slumped 15 to 20 cents|% at Indianapolis Stockyards today, 4 Atlas Ta

Ch i 12.25 | Clark

8 » 5 hs : x

Acme Steel ....

4 ir _Reduc 38. aska Juneau.. 2 legh Cor

4 & 4 4 4 4 . 4 He Am Car & Fdy.. 27 Am le Am Com Am Crys 4

\ Home Pr, -e Ld

Am ep 51 =

“tae @ \m Woole: 72Y, \m Zino W. 1%

Onda ist 13458 neh a Gl5pt. 114 r Delp! pt. in Aor 4% 5Ya

room s Drv Pudi pt $3

Am 4 4 4 4 4 2 4 4 4 4 4 1 4 4 An 8 4 4 i 4 4 1 4 i 4 4 An 4 Arm; 4 4

4 \tchi

3alt & Ohio ... salt & Ohio pf jangor & Ar 6 R38 28%;

Jangor & Ar arber Aspha

arnsda

3ath Ir Wks

Jayuk Ci fons rl ve 28% | Beth Ste: “| evs, B1Ya oth st 7 pf.. 120% Black & Detker

DE its Bor Ani's 1: 8 .

3 - 16%

Byers M ...

Cal Packin

se 21 Callahan Zinc . be

Slaughter Cattle & Vealers (Receipts, 150) Ch

Climax Cluett Peab

. High Ly % Hdressograph. . 12%

Sixes 1 A on & FF 2 P 6 bt 2] fv

Low

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| DOW-JONES STOCK AVERAGES

svees 3 INDUSTRIA ..118.12 Yesterday faraseteentinn T0008 Week Ago . esesseeees 120.93 Month Aso Seseevasnrenacsss 12610 Year Ago ........ccicenneses- 134.85 High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84, 20 RAILROADS TOdRY ...covesscrsessnveses 28.32 Yesterday estasssscecsssseses 28.38 0.36 Week ARO .ioceessvsssssccnss 28.57 Month Ago adesasnspessscnane 29.16 Year Ago ........ceecenvasres 29.28 High, 1041, 30.88; Low, 26.54, High, 1940, 32.67: Low, 22.14, Today .. ris VILITEES 16.58 —0.06 Yesterday ..oc.occecsscvaceses 16.64 —0.19 Week ARO .i.coisessnsescsses 17.43 —0.01 Month AZO .....cecscssesesss 18.45=1-0.12 Year Ago High, 1941, 20.65; Low, 16.64, ; High, 1940, 26.45; Low, 18.03.

15 MOST ACTIVE STOCKS

Sales Net (in 100’s) Bigh Low Close Change|. Intl Mer Mar. 70 102 10 10: + 1% Comwlith & Co 76 5-16 14 5-16 41.16 Gen Motors... 55 381 38 381% % Gen Elec..... 28 275% 28 % Nat P.& L 35% 3W 5% 1% Stand Oil Cal 23% 23% % N Y Cent... 103; 10%; 1s Westinghouse. “H% 43% 3% Cons Edison.. 15% % .... North Amer.. 11% ny — 1 Am Rad 5's 5 ke Se Rwy pf... ‘3314 83% + 1 22% 21% — %% 5-16 5-16 1-16 24 5-16 5-16 ~+1-16

+0.30| U: —1.36 0.45} gy +0.04 +044

28% 101% Hy 15% 11% 5 32% 211% 1 %

United Corp..

Saturday. Curb stock sales were 61,000 shares compared with, 54,000 a week ago.

Net Close Change 22

PED HEEL

Mar EE REREES

an aes Marine Mid ... Marshall Fid Martin (Glepn) Martin Earry .

1: 11 of sat

1+: =

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vrai} inn-Moline ssion Corp . lo-K Tex pf. Mont Ward wee Mor & Ess ... Motor ee Mueller Br ..,.. 22% Munsingwear .

iE |

Stock sales approximated 240,000 Willy |shares compared with 270,000 last|Woolwortn

“8

segs * OE

Un Be Corp = me gx of 18%

cag g

Sggges g

Q Blyhey saSoeBuak bad

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LHL HIE 4 oe

a '

BeBe a a SF Fae -

WROD am

WBS Srers Faw

BE we bs a

dddgadadaaadada nRunnRnnnRRRnnn Seaweeds

Vadsco Sales .. 5-16 Vanadium ..... 20% 20%

We Waldorf Sys .. 8% Walker H GEW 33% alworth .....

. .

se vse EEE

kB Ward Bak pt . Warner Bros . Warne 8 pf..

tHE HLH

idl EHH + + SEES EEE

Wool 30% Woethinaton cn 5 30%

Yale & T

Young Shee’... 3 Young Stl Dr... 12%:

Zenith Rad .... 9%

GRAIN PRICES CLOSE LOWER AT CHICAGO =

CHICAGO, . 1 (U, P).— Wheat futures lost more than a cent. a bushel in today’s ghost, session on the Chicago of Trade, but, around low 1 moderate support was encountered and part of the loss was regained. Wheat finished % to 2 cent a bushel lower with December at

3, 343, 12% 9%

12% 9%

. .

+ %

5 cent, December, 77% @T77 cents; oats unchanged to up 3% cent, December, 49% cents; rye off % to % cent, December, 63% cents asked, and soybeans were down 1% to 2 ‘cents, December, [email protected]%. There was little in the news to account for the downward tendency in wheat except the relative easiness in the Minneapolis mart.

Wheat— RANGE Prev. h lo c. $1000 a1 1408 1.190 SITE oi $185 May.. 1.19% 1.10% 1.18%

1.10% July.. 1.20% 1.320% 1.19% 1.31

1.20%

[email protected]%. Corn was off % to}

Steel issues Gain; Trade. Is Slim.

NEW YORK, Nov. 1 (U. P).— The stock market a steadier tendency today after declining to. new lows since June 4 in the previous session. Trading was light. The main list moved narrowly, While a few stocks showed substan-

ton of a $150 dividend by "Chrysler Corp. after the close yesterday aided that issue. ‘Tt rose a point. Other motors were steady. Steel issues had small gains. Operations in the steel industry next week are expected to result in record production of ingots. Copper shares were around the previous close, International Mercantile Marine featured in volume and made a new high at 103%, up % point. ! ————————————————

POWER & LIGHT NET PROFIT DIPS

Increased Taxes, Expenses . More Than Offset Larger Revenue. Consolidated net income of InPower & Light Co. was year, chiefly because of increased Federal taxes, the company reported Consolidated net income for the

Operating expenses in $869,292 to $1,051,426 but there was in maintenance and

Operating $2,951,184 in the third quarter of 1940 to $3,369450 in the third quarter this year. The balance 2| transferred to surplus was $572,701 this year against $890,195 last year.

PUBLIC SERVIGE GO, DECLARES DIVIDENDS

Public Service Co. of Indiana Inc., yesterday authorized the first

= CHANGE LITTLE sono

Chrysler Aided by Dividend;

or weakness. Declara- all

Venice Italy, tonight teams with John Car- # #

apolis Times is

Mation Claire

Mutual network at 1 p.m, . Mon | from the: Scottish Rite Cathe

Two members of the Jordan C

THIS EVENING

Leyenberger, teacher of the ce and Miss Mae Engle of the pi Tagulty.

servatory of Music faculty will & ‘| part on the. conservatory’s br ‘jcast at 9:30 o'clock tonight ©

Fini

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(The Indian not responsib uracles EI nouncements caused by station _changes after. I tay = . :

ion Bell Inside Sports

Birth o

Blues Birth o

Hints 8 Hour

REO ded)

Ev e's Music Savane Music

| Best “Hatwon

Maj. Domo

Washington Wi n Basonol i Behind News

Diavhouse

diana-lowa

Glenn sl Glenn

River Boat. suiver Boat Frisco Shera

ies gots

SUNDAY PROGR

Song _o! . A Jarrett

AS rigode y

vino Rey

WIBO 1070 (Mutual)

Es Ja

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KB Day alfour Day

fk mr

:30 Opera Gems :45 Round Table

:00 Gilbert Forbes :18 Unbroken Tun 30 This Is

Is Life 28 This Is Life

100 Spirit of *41 : 8 rit of ‘41

Joh hd eft

Journal ‘18 Country Journ

Hit Revye ter Huff an Huff

: trasts Favorite Shusle

Rhythm Fa Fashions Noondav Rhythms

e 3 Lutheran Hour Lutheran Hour

‘Hi-Lites Radio Warblers Ta, Tunes

G Ensemble Science

jon Chu on Chi

1411+] SEE

15 Today

§ Srmosony :

:00 = I Sranony

18 N. :30 Retrcshing M w Ee

dividend of $1.18 a share on the new 3a 5 per cent preferred stock, covering 335 | the period from date of incorporation, Sept. 6 to Nov. 30. The directors also declared a dividend of 25 cents a share on the common stock. Dividends on both

760. UNAS .esceeversss 11 900-1100 BE se i. 1100-1300 pounds ...

Corn alah Dec... 17% MMM% 1 83% 83

May." .83% July.. .85 85% .85 .

on Strings

Bob Parker Ted Weems Soh

Disney 28 Waltz Time Sun. (Serenade hore of Alr Church of Air

Murray .....

11.7 Soipaint.r . J7

14% 11:50 Col Fuel & Iron 1 00@ Col m Goa A ; if

. 85%

RES Coca-Cola

Nash-Kelv ....

SR 10

EEE 4] Rohde

780-1100 pounds 1303: 300 pounds

Comm 750-1100 1 pounds Steers, Heifers

FEE

:1+H

~1O N00

Col Gas pf A 2.00018:28 Col Pictures ae 2 1 Carbon .... 49% SY

Oats Dec..

“educational” Pee.

49% 52

ht ht

, inee Musicale American Music American Music

134, Musia

pr, the OPM, prodded by

pall manufacturers, is putje heat on the Army and Gradually they are being to work with the little "too.

Choice 500- 750 pounds . «+ [email protected]

500- 750 pounds ........ veee [email protected] Heifers

Choice T50 900 POUNAS csosnereanesss 11. 50012.25 750+ 900 pounds .....eeevee.. [email protected] ediume500- 900 DOUNdS ccicecsvcese Common--500- 900 pounds

EXAMPLE of subcon-|q..

12 g is the Allison warplane en-

u son makes only 35 per cent | Suter a

, subcontracts 65 per ere are around 1056 difmotor and they are scatn 65 different cities all over

. that $124,459,170 or3 got this week is the

rgest ever announced. by|cun

: Ochartment. So far, Ford ] the largest order— for both motors and »

8. and Britain will have + Russia cloth because 90 textile mills are in and capital although much acreage is safe from Nazis vh i “se 0 0 0 If British ‘start

sugar in West Indies, it|M

p she is buying for Russia 70 per cent of Soviets’|Good growing lands are un‘heel now. . .. You'll soon b an apple pie” slogans begrowers have 10 mils more to sell this year «ss 8tudebaker has ck. orders. from foreign than it can fill because lties on critically needed le ® 0 @ Mexico needs Amer~ ht cars to ship farm 't like paying $1 a day

CAL ISSUES

ptations furnished by local n Association of Securives

Bid = Ya

Ask

Yds co! P

2% oid. TNTa3n es Caren 18 a pra Siillli1e

nufacturers making parts | Beef:

(Yearlings excluded) 8.'15@ 9. 25 8.50 3 00 7.50 6.50 1

Sesesvnsresnnee

Vealers

Good and choice

ans re 13.0 14.00 Common and medium 0081300

6.00 Feeder and Stocker Cattle (Receipts, 50)

Steers Cholce— 500- 800 pounds ......e......$10.50 300-1050 pounds ..ccecsecces. [email protected]

oo [email protected] ose 9:[email protected]

300-1000 nounds ..cecevveeess 8.75@ 9.76

Common--500- 900 pounds ............ 7.35@ 8.76 Calves (steers) :

Good and choice— 500 pounds down ...... edium-—

11.50

. [email protected]

9.00010.75 Calves (heifers) d choice—

500 ounds dOWD «e.vviieees [email protected] HR an @

500 “Pounds down ... '8.00@ 9.75 SHEEP AND LAMBS (Receipts, 50) Lambs 12.75

11.26

Good and choice ....:..e0.. ig 9.75

\ + §ik 50 Medium oa 4% Common

Good a cholc® ....c.cocees. Common oo medium ..

4.26 3.00

p 5.90 4.325

Hogs—Receipts, 300; nominally 2 not enough and choice vos wel were make ‘a Tay et. ae oa 240 1bs. fights higher; neavier Weights steady to strong; lightweight sows 5 to 1 nts up; heavier weights around 25 ce 1k

gilts, . $10. [email protected], soGl08ing OPi0 $10. 20: similar rades 210- 330 S0@ 10.48 good 3 1b. is if avier ehh downwar dat to attie—Receipts, 200; 9, Alves es, none. © Wee k—Oholce’ yearlings, stro ;, others ad Strictly choice steers, stea rank s medium id gholce mediom * weight

a heb is Jowell sights, wee Te "etfers strong to to 28

er; ‘ cents Bule, 1 "Gents up: vealers stock ers Abd 1 nn rice $15.18 ib. ste SIE pose 1281 1b be, $13.00; an

hit odily ke year Joe ibs. 3: “choice! 008-15. } nelle

fs Si gli a,

Py i short er I, s5@7; w bil, 1 Ss ers, $9.

vealers, 10; dhoiat steer calves, $13,

odo Pos the week. to 50 ts week's 11.65

v: fib, HL fused LH fi Eola he 1

tat natives, tives, G8, up-to. 48,

eTHER LIVESTOCK 2 0 I hs

160 Tbe edn o

i 85s, Rong. i. U.S STATEMENT

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CHICAGO LIVESTOCK re

Com Gomw & pf Comw Fatzon” . Cons ‘Al Cons

Eons on

or aigy 21 1-16 pr of 21%

’ 281% Davison Chem. 10% Deere & Co .. 24% Del & Hud ... 10 D Lac & W... 4% Det - Edison '... 19% Matc! 3

C: Crucible St Cub-Am Sug .. Curtis Pub Curt Pub Curtiss< wr' Cutriss-Wr A

i: Ya )u Pont ......146

East Air Lines. 3

Erie wi . Erie ot wi .../ Erie pf a Wwi.. 40

Floestons 7

n Tel Gillette SR.

Ror Simbel Bros ..

bel pf ..... Glidden annaves 1 ich

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rey. uant Su ‘a 1 | Gult Mobile on.

Harb Walk .... Hat cor on

as. SL Bir he

S88 Seat.SS3uR

Fe Fed" i : a

7 145%

30% 33 217 1

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588s3 Bt FEF

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FARRER

Blt bP Pr » 1 lb 1 [4 |

acific 6 6 | Nethwet Airline 13 Northw Te 9

Norwalk T .... 1% Oe 87%

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Ohio Oil ....s. 8% nibus - .

EE Pry =F

re TS

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FH Hi HL HHL: HE

an Am Alrway TE Ry. an i Para “Piet. & pt. 13 Parke Davis .. 35%

=e oie FEE EES

Pitts 5 2) bijis, Bt Stl pr pf. 2 13

hostel Tel ot : ui cat. a

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Serv Pub Serv ‘8 pf.128 Pub - Serv 6 8 ot. 8

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>ullman .. Bure on, us 8 pt..

10 Purity Bak ... 12

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14+

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50% 50%

62% 69%

July.. Rye May .. ly. Soybeans Dec... 1.66% May.. 1.70%

.1.70 Lard— Dec... 9.65 Sap. . 9.87

May Lat; 3 aAsked;

LocAL L GRAIN

0aba: seeipta, 2 aT 1.00! 90% ) hard, Vac @iT, 00s,

rece ipts, 40 cars; No. 2 - , No, 3 yellow, 97@98%c: 5 gents over ellow; yellow,

.63 83% 08% 10%

g &

22322 FFE

1.66% 1.70% 1.70

1.62% 1.67 1.68

9.65 9.87

11.37

July .

9.70 9.92

11.45 Bid.

5888 Sis

Bl r PAOD ht eh ht

red $1 Torq, nad. d, 9732090

white corn, mixed corn, a Ww % al m; oars No. 2

white. 42% @i4%¢: se: No. "3 s 42% @43%e. Soybeans—Weak: receipts, 10 cars; Indiana and Illin

ola To. 3 yellow, $1.50@ Curb Stocks Net. Alum Co Am . Bi 1 08% fois Change Am Cyai » 33% ut Zisg

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He mei of To 3

on Dec. 1 to stockholders of record on Nov. 15. President R. A. Gallagher said the company is di construction program mediate refunding funded debt. It is planned to issue additional bonds to finance a portion of the construction.

U. S. Government Bonds

U. 8. GOVERNMENT BONDS Treasury Bonds

4Ys 1952-47 vernei1iT3e 11 117.24 Yas 1972-67 .........105.14¢ 103.10

Home Owners Loan Bonds Ys 1052-44 ..105.16 105.16

__FooD PRICES

Ni we 1 (U.P) les —— lew) i Mickie Cy ta.bie Gs a Remain ornia, . Be $3. a ts — New Mexico ttuce — “California, w Crop Bw Pota

ot (50-1b. ks) — Tg 2 Pg $1. sat. 25; Sieeado Swe Sweet Spanish, $1.10@1.

FOREIGN EXCHANGE

NEW YORK, Nov. 1 (U. P.) i=Mllowing are fon. cable ales Sh ghajer & os Fen Engian und) ... 44.08% -—00% . gi (dollar) SRR

.e Ya

sevens Ah 207

sessqene essere

5 Tr shelled corn; 4ic for No. 2 white oats, and 4lc for om. & 3 red oats.

‘WiBC

Sunday, 12:30 P. M.

ging Chrish lo the Nafions”

10:00 P.M. i

1 Weird noises! Ghosts walk ¥

HEE Hout Iver ter ver Fr 10 Au

10 Autry Dear Mom uh Aftatrs

588 suns

DHOOM r a

: ‘orkshop

Bhs a8nS| 885s

SS | cove | nnn | 2-2. I'S a

11: {45—Bob Cheater

12:00 Linda Cotta 13: 15 Linda Cotta

13: 2:48 Silent

tars Parade ot Stars

figien} Some t Speaks

Double or Nothing

Timely Tempos Bert Nobody's dren Nobody's Air Forum Air Forum Air Forum Salon Serenade

Revival Hour Revival Hour Revival Hour Revival Hour

Vaughn Monroe Yrs Hangs fo Low Moon Hangs Low

Hockey Game Hockey Game

swering You .

Blue Barron Blue Barron

Art K Midnight Serenade

Sifen:" Silent

agua)

st fam ha

News Roundup Aan Te Bandage.

Met. Auditions Met. Auditions

Li! Di - | Living Diary

Three vorites

Businessm Playhouse Playhouse Music Pu Wi nt

Misie ¥ You Wan Er

MONDAY PROGRAMS

1 NBC Hedy Heaven-Home Trolley Tim. European European News

Hews: ©

Cheer Up Gang Sid eins

Meet the Band

John B Hughes

e Varieties |

Pa, i”

Legion [Egy he | Epa out and 3 eek

Top Tunes

Eifel Troms

Tone Poems

nnn

i bu §

Tees

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