Indianapolis Times, Indianapolis, Marion County, 5 November 1941 — Page 16

High Low —l

“ft 2B

Refunding Will Save ‘Public Service Co.|2 $21, 500 Annually |in. Interest Charges

By ROGER BUD w=

- PUBLIC: SERVICE Co. OF I IANA, INC. will save = fiokt: $237, 500 in interest annually if its plan to sell $42,000, (10 of hew bonds is approved by the necessary Government Am’

power ‘Diesel-electric | designed especially for the Milwau-| tween 2 as and Minneapolis,

Built in two units, each contain-| ing two 1000-horsepower Dissel en-

Besse

a Dib

APbots. ah pot 128 me hee " i : A Reduc i

Ale Juneau. . 3% Alleah po a3 oo Bel g C TAllg L Ya

as cD vr +

RS Stl. Chem ..1

Notas

svsvebsesnsensnse

«300

* Sadia.

EEE ote ao

/iben

Year Ago nl E* . Migh, 1941, 30.88; Low. 26.84. High, 1940, 32.87; Low, i

3 a ca -

28 ES

po s 2

irencies.

nterest.

" "That may be good for the compsny’s finances but it. isn’t such SE news to holders of the rads who will gither have to take i the new ° bonds that willgive them lower interest rates or find something else to buy. Incidentally, the ‘ dividend the com.pany declarg late last week. the first the utilty has paid since 2, When the “ve former In- > sull = sntrolied Budro utilities me Rages ” this summer, one i of ‘he things the SEC insisted upon {wii that the reorganization put the ~ conipany in a position to pay divi- _ derds to stockholders again. ~The Chase National Bank of New York, biggest in the nation, is expected to buy about $10,000,000 “worth of notes the company will issue. ut the bonds will be sold by competitive bidding—the first time ary Indiana utility has sold its bords that way. ~ dea's were made privately but the SEC! this summer ruled that utilities -mu:t sell their bonds to the highest bidcler, just as cities do.

Two opposing syndicates are re-|

~ poriedly being formed now to bid. On¢ is Halsey, Stuart & Co., the big

- Chicago house, and the other 15 { Good

Kuli, Loeb & . and Harriman Rip'ey & Co., {ointly, New York houses. | 8 » ® RED TAPE is slowing Lend- _ Lense shipments to England, aceniding to Axel C. Wickman, British ‘machine tool manufacturer anid representative of the British ‘Mi:aistry-of Supply. | lit takes three fo four months from the time an order is placed until all the Government agencies put their o. k. on the deal and the work is ‘allowed to begin, He says the system needs shortjn jeieuting. : :

y a 8&8 8 5 INDIANA BOUGHT nearly $10, 500,000 worth of defense bonds

in the five months between May 1|Chatce. ~~ =

verers [email protected]

and Sept. 30, a Treasury Depart- . ment tabulation shows. These were . the Series E or © 's bonds” | which sell for $18.75 to $750. ~ - Ir. addition, Hoosiers bought $273,-

100 worth of defense stamps in|Medi

those months, | By the end of Sep- ~ tember, nearly $579,000,000 worth of defense bonds had been sold (Series

Pom the |-

; Al It issued new bonds only two years ago, carrying 4 per|i nt interest. But there is so much money waiting to be|i invested now that the utility is able to call these bonds ($38,000,000 worth) and issue new ones carrying 3% per cent}!

es. A

-s

Rabin!

1570 25

reported.

pounders.

RL]

HOGS Good and Cholce— 149

3% Pounds . 300- 3 nds 330 360 pounds Medium-160-200 1 pounds

ce—

*scsese

Medium and Good — 90- 120 pounds .....

see

Choice--750+ 3 pounds 900- 1100. pounds 1100-1300 pounds .. 1300-1500 pounds .... Good —

u! 7 "1100 unds 1100-1300 Pounds Common— 750-1100 pounds

$00- 730 pounds ....., . ; elfets Choice--750- 800 Pounds 50- 900 peunds 0 pounds

Common -— 500- 900 pounds

essscede

E) throughout the nation, and $19, - Hh

039,000 worth of stamps.

s = 8 !

ODDS AND ENDS: At least nne- Sout

‘third of all the steel produced in U. S. and Canada next year will be that salvaged fram scrap heaps, American Institute of Scrap Iron ‘and Steel anticipates. . , . You can see flying British flag, loading up from’ big refineries along the [ndiana Harbor canal almost any day. . .".

Insurance companies paid $6,702,000] during

death claims-in Indiana ‘Jul® August and September, according to Ingtitute of Life Insurance; $4,732 was on ordinary policies, $811} on group policies and $1,159,000 on industrial policies.

| PARADE ” STARS

American-owned oil tankers, |cul

and choice man and medium |

ofce-~» 309- 800 pounds csesisev 1050 pounds egecscee

- 800 . Ssetetann 800-1050 (IRT TRY] Medium— . 500-1000 Common $00- 900

nds

nds Good and choite— oe pounds down ‘pounds down © Otlves

n 500 pounds down .. ng 500 pounds «down .

gem

Good sna, choles and medium

|cmicao Lt LIVESTOCK gon

hs, ood:

, ol ide,

5 Son Bb

i "Parade of Shar.” tarring § Ken Murray (above) as mas- | 1 ter of ceremanies and comedian. Other toon dn cludes | Meredith V's

es mood absut stoady. &t acting r= Yierie Herd veRrline: “wv hea

800 8 fe : Ts, 8 cents highs 1200-1300 Bulk

er, mos

or fed Pt

steers; n

og Sh

isin,

14 1bs., $10. 35.

Orchestra, Kenny Baker,

HOG PRICES UP

i [An P&L 6 pf Top:Advances-to $10.55 as on 5 i

~*~ Stockyards.

A Hog prices advanced 15 to 25 cents at the Indianapolis Stockyards |am today for weights above 160 pounds, |: the Agriculture Marketing Service

Lighter weights advanced 10 cents over yesterday. Today's top was $10.55 for good to choice 190 to 200- fnaco

Receipts included 777 cattle, 490 calves, 7012 hogs and 1064 sheep.

unds se snsuss bens 3 9.50 10.

Packing Sows

eeeesa 18” seesvcvsvenee 18 ‘ccsesesecess

fum-— i 250- 500 pounds ........ _ Slaughter Pigs

: CATTLE | | Bia Slaughter Cattle & Vealers (Receipts, 77%) | Bohn Al & Br Steers Bo

Steers. Heifers

+ ede +re0sstevocssee

siissevnne

carta and ‘common...

Feeder~and Stocker Cattle (Receipts, 490) Steers

Sssecessssee

abioese

Calves (steers)

SHEEP AND LAMBS : Sighs, 1088)

a. (shorn)

vole,

“sowa. hr $10 bio

a a

"stoi ni ou spec $10.25@11.

COW! , $8.10 5 Jha strietly c

OTHER Li VESTOC K

aes ae

HESS BE

Inter ! Am Loco ché&s Meta) : m New

hs BIBS BS ssBBs DDO NED NOP DONS 9969;

BF FFFERSNE

Arrive at

8% — So wild. 36° Am Ship 18

vesee #

26% &Cable. 31 n M... 30 ot L111 . 41g of. $84

A Armr 5) rmou mn" Armr Hl pr p Atmasiiong OX Ck.

Tes

Pie sas ho

: [email protected] 9.90@10:35

h p: iB Corp. . 3% —B Bald Loco et «oa 147 Balt & ong . : : 9.85 6

8 9.90 15@ 9. 1 9.75 | Barnsdall

. 3558 9.904 Ba : pi Bath Ir Wks .. 173 9 9.40) Hea trice

a ce Cr ih da Ben wm RR 8.715@ 9.40 Bo ha 3 Bes: Ind Ls: Bi: 53 Black “Dike: 20 law-Knox 9 ing Air i

9.00@ 9.60 Bet!

steve

Bo $11, 180 12. 2 Borg:

cn is seses @ Brigg

. [email protected] + [email protected] . 10 fag 25

9.750 10.75 10.78 8 nei:

8.000 9.00

My Bhi fda ass. | iruns-Balke ..

UCYIUS~.

udd M

eseee

.+ [email protected]

. Breen i 10 esees 11.50012.26 10.50911,50 Saliabaa ih [email protected]| Calumet :

7.00@ 8.50

Manadas Eo i Cana: 80... 27 4 Can Pacific ... 4 so San on Mills . 34 A A. 3 Carriers & | Glen % Case 4 ] a Case bt ..121 Gaterpinlar TT. 3 nese Celotex Cent "Aguirre

| ~.

3 5 738 8.75

n-teed . Cert-td 8 or nf 3 Ye Champ Pap pt 108 Ches Corp ,...

. sees

n . Ww Ry Tot 1 oh Mail Order i

T... 1 Eni i Rife 6 pt 3-32

$10.08 1180 cai . 135(Ch

City . [email protected] tire. 9.75@10%0 a ho

8.75@ 9.75 | GL Coca Cola 1.235@ 8.7% Col Pel Tron.

Co gl A sat A 18% : 8 10. 1512.50 L) Broadenst B 14% $ um He [email protected] Col Gas ot Ne Col Pictures ... gol Carbon wen 1. om an 4 : a Com: Solver yy 93% m- wa so |Cmn os \ Comwlith Jdison ‘1 |Eomee Jas Adrorati 3

og E F- sa s i pf 97

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23%

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chem. Co..

iB be Fd ve Bet Edison ay tha 4 Bek & RA...

Dix IR ot; A

fo ehotbe 1o5e 84 Bow Chem +... 113% ¢ 148 ld7vs [136% 128 113% 13 —r

Daviso| Deere

heavy caine “in

P Buaies L L ot:

pian lad

14 33% \ 6%

gS = = SEEN REESER

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25% “Rand. #2 Cop 10 n cram 3 Ha: t Harv of.

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15 UTILITIES sides tein enened | sesssevsrtssseney

21.51

saseentegys

High, - 1941, 20.65;" Low, “16.88. a, 100, 3045; Low, 18.08.

Soa. ln4n

a 29 =

bs Pes a ft Loi ww = CI ROY + on

do] ROIs LDN,

Bean i8 MNS 8

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Pitts Coke & Ir 192 Ditts Sorgitigs vo 9% Re Wé& C

of 178 ditt, % B..

s Sc 8% pitts Stl br pf. 58 :

S0stal Tel ot ress Stl Car.. STocter &G.. i & G ot. 131 ub Serv ..

Soars Re Rotieuck

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Stone & Web.. Studebaker .... Sun Oil ....... Sun oil pf A...12 Sunshine Min

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“The purchases of the. fast seven months would constitute 8 year’s supply for some 11,800,000 | ‘people. But in spite of the heavy ship

2 ments to the British Isles, no cheese

shortage is threatened in the United States. The Agriculture Department

says storage stocks of cheese are 22

per cent greater than last year. And the department has started work on a great new food-producing program. which it believes will result in production of all the dairy|C products needed by both the United Kingdom and fhe United States under any conceivable conditions. National and State production goals, calculated to increase production of milk in 1942 from 106,640,000,000 pounds to 125,000,000,000;, are

dividual farmers. Prices Rise ~~

tion in wheat ‘plantings next year, and limitations on cotton and tobacco crops, so that a much greater production of land can be devoted to raising food, dairy products, poultry products, meat, vegetables, fruits) and edible oils.

age of any kind this country will be encouraged to éat better than every before, as a means of raising physi- | E

will be encouraged, also, as a means

to be scarce. Cheese prices have gone. up sharply in the past year—from about

1940, to 23.25 cents recently. The rise is considered necessary to en-

cheesemaking in quantities large énough to supply the British demand.

|ORE SHIPMENTS DIP

FROM OCTOBER '40

CLEVELAND, Nov. 5 (U. P.)—

3;|The Lake Superior Iron Ore Assoa lciation reported today that ore : |shipments on the Great Lakes in October fell below thie 1940 October |p figure by y 465,063 tons due to. the Del

bridge accident which blocked the 800 Canal at Sault Ste. Marie but

for the season amounted to 71,620,292 gross tons, the highest figure ever recorded. The October, 1941 = shipments amounted to 9,596,064 gross tons. The total tonnage moved to date

14 lamounts to more than=6,400,000 tons

Zenith Rad Senki Rag

above the 1929 full season figures, the previous record.

Net Last Change 5 19% 3 Ys

Hin

hirer Bro arten Br ot. 19% War: 2. wash ¢ Gas : 18% Waukesha Mot. 14% Wayne Pump ia 144 Wes. Oil WwW. P

Lowon 34 18% 14 14% 3 Ha BB :

ison. Eee.” Wilson pf Woodward Iron 24° Woojwo ov pr of 30, orth so

g or wel alt Aer o.. "10 Wriz :

wi ou a 2 N.S Syaviand 2

6 ‘m1 /

tHE + Fortin lg £1+:4 0 1+ ——

: i

seve o% 9% crbase o 2%

$3: Hi

9 > tL

a ellow Filow” Breet Young ia

t1 Dr.

SEs

1+ | =

now being apportioned among in«|:

Instead of facing a food short- Ing’.

cal standards. Spending for food|X

of minimizing the national demand | for durable goods, which are going Bub Serv 0

13.65 cents a pound in September, |

courage diversion of milk into hen

that the total movement to date pny

ST So

BSE ew marrses

WASHINGTON, Nov. ES rein al

“|Loan Administrator Jesse Jones to|day announced that the Defense =| Plant Corp., RFC subsidiary, in-

{creased its lease agreement with

; Lhe. Bridgeport Brass Co. for addi-

tional facilities at the new Indi.

in the|anapolis plant from $12 320,000 to .1$12,478,203 81.

The increase was made at the request of the War Department as the facilities are to be used for the manufacture of ordnance equipment. Title to the plant will remain with the Defense Plant Corp. eco 3

LOCAL ISSUES

Nominal ah furnished by a JN Dealers

an x 1d oom. ve

nal Association of Ai Agents ance It You 00 0

a t RR. & Sty aaa pid 8 Circle Fngater co Yiiavareve mwilth Loan 2 vid essrines 98

Ho , H Ind Te - oY 107% Ind & Mich 7% Ind Hydro Te

n pig Gas Indois: Bat, 3.5% oe I Indpis Yar or com 6 Lihooln La Loan ce

The Agriculture Department pro- pub gram calls for a 12 per cent reduc- uv

Van Cam Fo) ee \an Camp ‘Milk com wiesswes 11

Bonds

Algers wiry w BR 4%. American n 5s-5 American Loan 58 i

Crabb-Reyno, ds-Taylor bs 42.. Home T& Sh fe 43.. ‘103

8 55. . 1.5.10 Richmond water Works 5s 3 105 r Tp Ss 5 3 [}

Trae Term C

LOCAL PRODUCE

Heavy peed. pSoiored To av he

full in he Set Teath ered. ldc; No eed hens. llc: Leghorn ha

hens, 9c; springers 2 hE sprin 2 $0: No. exhorn springers. 2 Ibs. and over. ioe: Fggs—Current receipts. 54 Ibs. and up

30 cents. s-—-CGrade A large, 38c; G rade dc: Grade A small, er no

tter—No. 1, 31@374c; No. 2, 36@ 387m SttuaTat, No. 1, 34c; No. 2, 3lc.

U. S. STATEMENT

WASHINGTON, Nov. § {u. Seam ment expenses and recei rrent fiscal year shiough pared with a Sar

P.) —Govts for the ov. 2 com-

. 2, 4, id) 972.54: 1,365! ae : HE ,641 hie bt 1.348.563.1544 44, 139, oS anh Gold ' Res. # 180, 907,308.41 21,526,035,

Cle JANAPOLIS CLEARING ous Debits

*oeen

sessenes Sree svser tenant

FOOD ery

CHICAGO, Wb i 40 P.).~—Apples—New tahiog:s, 113. a alle’ Jorn. Tugs, boas auth aan n, crates, cay ow olora$1.25 arTobs ~ New. fox

do; crates, ale. ‘Mexico, crates, $3. . Bette Cun crates, $2.50@3. New Crop Sweet Lifornis, Tennessee, ou Ran 4/4 acks) inols, Yellows, $1. Sweet

Spanisn, or Com

$1.05; ado Sw : Utah Bweet spanish,

* sip LOAN

On Your Home? o Consuls Us! ! ¢

To & SAV. ASSM. 6 N. Delaware BL

Ww MODERN our

+ Wash, He

Ovvostte: Us:

Ask}

88 3 god. 259, is3e4

41%, up 7%. Fractional noted in in Santa Fe issues; Railway issues, Pennsyl tic Coast Line, Southern F ware & Hudson, Chesapeal Ohio, Lackawanna ‘and Northern preferred. . gan There was no indica what the Finding Fie mt Ni ticipa a’ com g not. be adverse to thi Steels, oils, coppe crafts and chemicals ities were steadie markets.

CHICAGO, Nov. 5. . , Poemtye bean futures rose as much as 3% : cents a bushel in eafly dealings on the Chicago Beard of ( tot to lead an advance that carried hour ir Hoy T% to 3% % to

At the end of thie first beans showed | gains of of cents a. bushel.

411 cent higper; — ap x he:

oats % to %c higher, and rye’ up 114 to %e.

The likelihood that harvesting of soybeans will be further delayed by

‘ladditional rains over the belt stim=

ulated buying that raised. bean’ prices as much as 3 cents a bushel on the opening. Trading volume quickly. siackened but prices held

1 |near best ‘levels, readily, absorhing

|small hedge selling. | INSURANCE FIRM TO HOLD BANQUET

Secured Fire & Marine Insuratice Co., Indiana's newest fire insurances company, will hold a banquet.cele-

# |brating ‘progress of its organization

at. 1p m. tomorrow at the Columbia Clu Me A.. E. Balau, state agent of. Home Tnsurancs Co. of New 3 C speak on the “Romance of Fire Insurance Business” a bo plain the recently negotiated agreement between the two ¢o nies for reinsurance. : Miss Phyllis Wilcox, Indians Unie versity’s represeniative rine Hoe of Charm,” will sing. ih Ei

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