Indianapolis Times, Indianapolis, Marion County, 7 November 1941 — Page 33

At Marston, N. Cc. a tractor weighted with men, levels a field to be used to test the Army’s new portable runway for small and meitfum-sized planes.

Steel planks ‘linked together form the shaway, 3000 feet long and 150 feet Wide.

Each plank weighs 50 pounds, is held to other with steel clips to oven sliding. The German air force has: experimented with sinffar portable fields, The big advantage is

with ‘which fields can be set up.

BUSI

ESS

Conservation and Price Control

Campaigns Have Had a Bad Sig

A “SOUR GRAPES” among the public because: of

ATTITUDE IS | GROWING some of the defense blunders

that are being made. The “Bronx Cheers” around here seem to go mostly to the aluminum campaign. After all the hullabaloo several months ago about giving aluminum pots and pans to make bombers, it is mighty disillusioning for people to drive by the State Fair Grounds and discover their old pois and pans are Sil out there in a

big pile.

‘I have heard at Least 10 people week grouse about. the alumcampaign being “Just | la puby stunt to get people warminded.” The first mistake, it seents, was the spreading of the idea that the ‘al um would go directly to defense uses whereas the truth of the matter is that only a small portion could be used in defense direct"ly. When the public learned that, there were some

udrow Roger \B dro uncomplimentary

POWER CUT-OFF 1S POSTPONED

More Rain and Po and Pooling Plan “Aid Stricken South, OPM Says. ATLANTA, Ga, Nov. 7 (U. P.).— The Office of Production Manage-

until Nov.-17 the effective date far

remarks. They should have been|g 30 per cent power curtailment to

fold that the aluminum would’ take the place of virgin aluminum used in defense and therefore was valuable. The story here is that the reason “the aluminum hasn’t been hauled | away to the smeiter yet is because the Indianapolis collection iis | tobe one of the last picked up. | They ‘are taking that from Iowa and ‘other farther away places first. The Indianapolis. aluminum is scheduled to go in a few days. | - One high defense official here has been burning up the wires trying to get the aluminum; hauled away because he realizes what ‘its effect is on the public thai made. the donations. ; 2 2 =» . THERE IS THE teal danger, it seems. It’s not the aluminum it- : but the effect it has on the public thinking. Because now the ‘public is being asked to save all | Fonds of scrap paper, metal, rubber, clothing, anything and every-

When it sees what happened in the aluminum campaign, it simply is “sour grapes” about giving anything else to defense production. And other things are needed just as badly as aluminum. More “save-the-waste” campaigns are Soniins. They may be better managed than this first sorap collection. s FR RENT IS ANOTHER:- The Fair ‘Rent Committee was a fizzle in South Bend. Privately, persons tryi to prevent rent gouging will tell 1 that it can’t succeed unless a law to work with. this is the first instance, sere the public has beén directly concerned, of attempts by the Government at preventing runaway prices because of the defense boom. © What if it fails? It will create strust of every other price conendeavor. And, it is obvious ~ dispatches from Washington, ) it more price controls are going be tried. ” 2 2 THE POINT of these two exples is that we are getting off weak start in two of the things nservation of material and prention of runaway prices—the pub- ¢ is most interested in. ‘The wastepaper campaign already been harmed by the aluminum p, paper dealers complain. But ybe the campaigns from now on 1 be better organized, get better ts without leaving such a bad

- This old established insurance agency offers

lo a peace-time econcmy

non-defense ‘Industries in Georgia,

Tennessee, Alabama, Eastern Mis-

sissippi, southeast | South Carolina and northwest Florida. The OPM postponed indefinitely the 5 per cent curtailment which had been planned in the remainder gf South Carolina and North Carona. The curtailment program had

ddy, Nov. 10. Increased ‘power | deliveries into the shortage area from other sections as the result of improved power pooling arrangements along with moderate to heavy rains yesterday and last week made the postponement possible, the OPM annou | I mediate and willing compliance by the public with the blackout of non-essential : ‘|tributed to the decision, OPM said. It was emphasized, however, that

.|seven states.

and industrial customers had been |¥ asked to “freeze” their consumption |C

|to the weekly quota allowed them

under the order on the basis of elec tricity they used during their. base billing month. v3 J. A. Krug, head of the power office here, said increased deliveries of power from Arkansas and Kentucky into the shortage area had

ment power office here postponed oo

been slated to go into effect Mon- Good-

lighting also con- |G

the blackout continues in the entire |S OPM said that large commercial Good

HEAVIER HOGS DECLINE HERE Top Slumps to $1035 as 13,250 Porkers Arrive; Lightweights Gain.

Heavier hogs sold at lower prices at the Indianapolis Stockyards today while lightweights advanced,

reported. Weights under 160 pounds were 10 cents higher than yesterday. Hogs weighing between 160 and 210 pounds were 5 to 15 cents lower while weights above 210 pounds were off 20 cents.

to choice 190 to 200-pounders. Hog receipts here were the largest

and 422 sheep.

Good and Choi 120- 140 poun 160 180 200 220 270 240 300 330 360

Mo io pounds Packing Sows

pound pound DOUNC pound

[email protected] . 10.15@10:35

[email protected] Vasa 3.5 9.80@ 9.90 9.75

sssessne

Good and Ch :270- 300 ip: 300- 330 pounds ..ceceese 330- 360 pounds

9.75@ 9.85 9.70@ 9.80 9.65 A 9.60@ 9.75 9.35@ ‘9.65 20@ 9.40

8.75@ 9.50

vesescscssces

d— 360- 400 pounds .....ecce0ces 400- 450 poynds ..... 450- Ste pounds . «

Mediu

250- 50 pounds

Slaughter Pigs

Medium and Good —~ 90- 120 pounds

> CATTLE

Sladghter Cattle & Vealers (Receipts, 329) teers ”

1300 1500 Medium 750-1100 pounds ... in pounds

Com 150-1100 1 pounds

Steers, Heifers

ve. 9.00 8.75

10.75 10.25

Choice— LS 750

00d 500-750 Heifers coeaeses 11:[email protected] [email protected] [email protected]

'Choice—

750- 900 pounds dod—

cod 900 pounds pounds

pounds

1.75 7.40 $20 74

(Toarlings excluded) 8.75@ 9.25 8.75@ 9.00 75

.. .75@ 8. . "6.50@ 7.75

Medium Cutter and common Vealers

Good and choice Common and medium

amounted to an additional 2,000,000 [Cull

kilowatt-hours of power. “Some risk is involyed in the postponement,” Krug said, “but the adverse effects of curtailment on industry and the hardship on employees justified the. maximum gamble with the weather.”

tion of power to textile mills and other non-defense industries would reduce employment and result in loss of thousands of dollars weekly in Southern payrolls.

$4,000,000 SAVED FOR ‘PEACE TIME

NEW YORK, Nov. 7 (U. P.)— United Aircraft Corp. today reported for the first nine months this year a consolidated total of $203,435,156 in sales and operating revenues, a new record high and an increase of 157 per cent over the gorresponding 1940 period’s figure

of $79,023,797.

i; Net profit of the company and|f its subsidiary for the period, however, showed an increase of only 3 per cent. amounting to $10,771,732, equivalent to $4.05 a share, compared with $10,461,127, ‘or $3.93 a] share, a year ago.

ings largely reflected sharply inmonth | period totaled $40/011,304

the quarter $19 711,304 against $1,993.821. Bin report disclosed that the mpany had set aside $4,000,000, of ‘which $2,500,000 was charged|r against the September qu ,. as a reserve provision “fur the trans-

formation from defense production DAILY PRICE "INDEX |,

NEW | YORK, Nov. 7 (U. P)~— Dun & Bradstreet’ daily weighted price. 30 basic ties, | mos

It had been estimated that’ reduc-

Good and choice

The small rate of gain in earncreased taxes which for the nine- choice against. $9.580,087 last year, and fon |3s

Feeder and Stocker i (Receipts, 438) Steers

UNAS ...c.00c00.0.810.50 By 1025

eee, 9.78 esos B75

edium 500-1000 rounds sevescsconcss Com 500-" 900

Choice— 500- B00 200-1050 POUNAS .ccoscveccnes Good—

11.50

10.50 10.50

POUNAS. ...o0tnn Calves (steers)

Good and choice=— 500. pounds [0] ER Mediu

500 oands down . Calves (heifers)

+» [email protected]

500. pounds edium— 500 pounds down seen 8.00@ 9.75 SHEEP AND LAMBS (Receipts, 422) Lambs _ Svesininen .. $11,

down

Good and choice ‘Medium ancl good Common

dado Fe

Ewes (shorn)

Good and choice Common and medium

CHICAGO LIVESTOCK Hogs—Receipts, 7000; generally steady sn 1 weights; sows stead 10 cents as Fel wg Sle ike he. 58 © good a oo 300-4 2400-15, SOWS, 50. 83315’ .25; good: 400-500-1b. kind, $9. 0G

sShttie=Recei ts, 100Q. Calves—Receipts, weighty s eers draggy, weak; oly: i hi, supply b ere, however, suppl peddled '$9.75@11 50 choice’ 1301-10. Aver ges, 11 weights not wanted: Ein and nit steers active and am, however, - upward; small Fkages, jaz and several bo dm $1125 Sal strictly fed Ls * also active. and even Sho fed gmt weight ote steady. outle 8.5! 0; ); cows ne 40 cents a side on good to choice w cutters, 36.50 down; on nners, according to um ralght Bale and condit ito;

5 meds wei ng Sule b as. $13.50 d hr ‘mostly, $1 rain SNOW i and ge oa Sion; me fait Bg and Stock aloe ot still in firs

wer, natives off

Ben ig lathe $0 lo and’ choles Lassa, $ 1% m ba

Tan: 5 Bulk

y ky Ba to 8 trong: $11. 90d | a d ch aoa. i io? ! some ba yo LE $10.75; es, $4 G85 : wom Jie

WAGON WHEAT the *(

. ‘2 [email protected] | oi [email protected] | 3

[email protected] |

the Agrictulture Marketing Service|: a

Today’s top was $10.35 for - good A

9.90@ 10. A

9.85 A J 10. [email protected] A

125 | Aviation

elan 11.35 Celot

8.75@ 9.75 S 7.25@ 8.78 | Chain Belt

5 1000 late Thursday fat|Cuba

Ate {chison pf Fi Atl C

Atl G& 4 G&WI it

| Com Credit

NEW YORK STOCK QUO

High

Low

we Be

Abbott Lab . Adams m2 Exp r laska uneasy. So ge

. 81% 7

<8 Baw ati 2% Hed 30 iG:

lied Allis Chal

am r Am & F P $6 pf

Am & En 5 pi aed &F

in the nation—13250 head. There Am af Joe were 329 cattle reteived, 438 calves A

A 2658 9.76 | Anac Wé&Oaile. 30% Arch-Danm

Armour Del pL. 110%

Armour. Ill ....

Sake

jBegning

orp.

7.00@ 8.50 3 udd Mf,

wil Burlington M.

Burroughs « .... 3ush B pf... 1) ¢ erm: .... 3utier Bros ... 3utte Cop&Z.. 3yers A Byron Jackson.

Cal Fackin Call Zine. nc.

Ea 34 Foye Graph Br 2 Climax Moly Co 3 Sluey Peab ...

e! Gol & So lp Col Broadcast A 15% Col Broadcast B 15 Colum Gi . 1

+. 23Vs Com Cr cv pt. 104 oh. ik

Som Inv . m Solve Comwith = at

nw & oo Be : Ee i ns

he al

n Pw pf.) .. 109% Conta or ouseie Cont

Con ne igs Aireratt

51% iG

6 102

a ESpgenat BE. 2 BRE EE.

. - Net Last Change

% 7 36% —

2% —

u % 1s Pe 1-16 Ya 1% 1%

+b EL +

-| En

FULT:

fri HEL

SE REERES EERE REL

+L E FoF FLL

Tai: 11: +4 i

SE —~ SE SEEREEEEE, =

" Yesterday

'ttarb Walk i Cor

|Indpls Pw & LE he

a :

J Intertynp ‘Island or Coa

30: INDJSTRIALS Yesterday cx iinnann . 118.34 Week! AZO .....cisnnsraenss 1170.82 ‘Month AZ0 ....cconee Year | Ago : High (1941), 133. 59; Low, 115.30, High (1940), 152.80; Low, 111.84, 20 “RAILROADS

Sss0sesvsssssseses

c==1.01

0.07 -1.11

28.51 Week AZO i...cccacabisaress 28.83 Month ABO oscovasenesassss 28.50 Year Ago 29.67 High (1941), 30.88; Low, 26.54. High (1940), 32.6%; Low, 22.14. 15 VITLITIES 16.40 16.64

Yesterday de vasa ane neinese Week ABO ‘vs sisssnsservsionns Month Ago ... 11.99 Year Ago .......ei.i.00s eee 21.91 High (1941), 20. 6: Low, 16.40. High (1940), 26, 45; Low, 18.03.

- Neb High Low Last Change 18 +

Dresser Mfg . 3

. 18 ‘Du ~Pont ‘146% 146 | Fre East “Air Jines. 30vs 29% 30 K v 118 135 31a 31% . 282 26% 15 © 13% 13% sO 5 1Ys i 29

21.16 1% — : 36% 36% : w & L $7 pf 30% 39% — St Bat . 29 El [Paso Nat Gas 3 26% 27 End Johns .... 45% 453%; 45% End Johns pf. zi 112% 12% Pub S.... 2% 2%

Ya Ss

5% & Erle pt A wi.. [41% 40% Fair, The pf.... 5 | Fair Morse. vans

11% 20%s 65% 5 3% 1 92Y, 2

Gair Robt pf... gh Qo...

= >

Be SR

| ++++1 na

- . } oo

- ame

tH)

ee BR

CELL

Ys | Guant Sug

.. 8 2% Fa ‘M&Oh pf.. 19% 16%, 5 ’ 2Ys 8314 8% 12% 70%

18% Gl... 83th 6%

"12% 70%

Fo ole 30% Hu Hud Bay, M &'S 19%

udson Motor . 33% Hupp Motor ... 9%

9, i

oe 19

2 &

11. Central Indian Ref

jpiand Bu

70 0

Oita Nh DOONN0

Ra 2 Tae BR

san WS

By sess mrs gagunaaia

- ut C303 be 0 0 48 QRNO.¢ Cb

oR “Ir oF

N Eager pfs Th R C Am pf. $1

+ii: pHi

{Jarvis ©

Johns aan ones

sey-Haye Kennecott, o

Lorillard rd Lou & Nash....

28535388 as

=f .

Mack Tr ..... RH

Hai

aR mwuSiang 3

> Frese HS Eas 7 aE

pie ae

5 - Vt ala DWI SEIT E3E;

“1114

ie .»

rr oF ® : 1c c

. .

args

—1.86

% 2 3. | N | N

| Sot

Lo agg

8y UNITED PRESS DOW-JONES STOCK AVERAGES |

Mullins p. Murphy Murray

Nat. Bond Nat Can cath

airy: . Distiiters. Gypsum’

f .. G C

Corp. .

: Net High Low Last-Change

.. 61% 681%

& Inv 1 3% . 13%

Reg.. 15 2] Ya

Gypsum pf 741) : ype 1814

Amer Am

Avn ...

1%, |NY C&S L %

3 31%

Am 1 Ane 5% pf sais

6 pf.. § Li

No Pacific .... 6% Norwich Pharm 10

Ohio Oil Oliver Far Omnibus

Pac Coast

Pacific Mi

Ya m Eq. 2)

% Pac Coast 2 Pac G&EL Pacific Lt

Iso

Pac Tin Cons..

ij | Packard

Ya Pan Am Airway 1%

Paramt P; Para Pict

2 | Para Pict

Parke Da Park Uta

Pathe Film .

oor Postal Tel

vis . h

ist .. 15% 1 pf 1137 2 pf. 13% . 27

1% 14

ey ne 82 C pf A 46 Den Gl 8d pf 4 RE 24

pf ..

Dress D6 Car . G

Pure’ O_5 PE 1 Purity Bak ....

Radio Radio-K-Or i.

Raybestos Ra

Re, ilk pf.. Reliable Stores. Rem Ran

Reo Mot 2, . Reublie Stl

Revere < Reve

louth Rj Soarks Wi pe Spi Spi

th .

812 —

1 +

yall . 31%

42%

SORDID SCI Ped pdb pd LID be. JON z Le a

20 7034 11% .. 6 51 26%a 1072 3%

990 19 16%, 13% 4 Ya

LhLEEE EE LL

frp T I++

a | said,

Sess,

® | President’s +|would make deep inroads into the

2|a point in Du Pont.

TA TIONS

High

Pipe & FP. : Flay Card. 29%, Plywood. . 24% [24

. 28% 8

Che: Victor Chem | vvi23

Waldorf Sys .. Walker HG&W 54 78 Walk, Rosw pf pf’ 15 WO,

1 White Mol White Se wh Sw 3% or of 23 Willys O nd 1% Willys ovens nf 82 Ison % Co . A Rid Woolworth - hel 2914 Worthington .. wa 18 i

.. 35% 12% —— 9% 2%

"apa FESSRE

IDF

Yale & voles Yellow I . 2 | Young 8 heet '. Young Stl Dr ..

eae

fh Lad fe fet DIMM

Zenith Rad ... Zon

THERM STL : LEADS STOCKS DOWN

NEW YORK, Nov. 7 (U.-.P.)— Bethlehem Steel led the stock mar-

ket down in afternoon trading to‘day. The issue made a new low for {the year at 59%; off 13%, and other

sections of the markets followed. Volume: held around yesterday's level. Railroad shares resumed their decline with new lows in Union Pacific at 67%, off 2%, and New York Central at 10%, off 3. Wage increases even of the scope set forth in the | €O Fact Finding Board

income of these .carriers, experts) Small | losses were spread through most of the rail list. General Electric made a new low

zlat 27%, off %, ‘and Westinghcuse

Electric lost nearly a point. Montgomery Ward made a new low. Utilities drifted to new lows. Philip Morris lost 2 points. Oils eased. Chemicals replaced early |g, gains with losses ranging to nearly ] Coppers lost gains of fractions. Aircrafts were easier while air line issues were

- Several special issues had, gains ranging to more than 2 points with a few, including Pacific Coast Corp. issues, at new highs.

WABASH RAILROAD

CHICAGO, Nov. 7 (U. P.)—The Wabash Railroad and two receivers

* | were fined a total of $14,000 today | Ame

£5 LEV ELLFEE Hb:

pede

TE sh arr

2 . Spend. . "| Receipts...

a anaes

.| Barred and

| soko

nad, 350 “No.

the Elkins Act barring Songessionsie and rebates to ‘shippers. U. 8. Judge Michael L. Igoe fined | 8 the railroad $1000° on each of 10

Walton, receivers, $2000 each. The Pacific Fruit & Express Co. was fined $5000 on’ its plea of guilty to five counts and a fine of $2000

commission house, and Louis A. Gerstein, an officer, on a plea . of nolo contendere,

u. 8S. 5. STATEMENT

WASHIN! T° (0, ran expenses vd receif current fiscal year through ov. pared with a ‘year ago: Last Year

Expenses.

5 com N

620 981,770,5 Jase 1,930,003.13 4,807,733,653.05 1 Aloalas Cash Bal.

,385, Bai.. 1.833082,151: + 3997 Bub Debt. SE 819,467. 1 4.109 Gold, Res..22,787, 618,703. 703.55 a1,

INDJANAPOLIS CLE ‘CLEARING HOU Glcarings ales sos Debits ..

LOCAL PRODUCE Heavy Ty ered. ler

over, hens, unde canoct ui wh Rock. 25

ers. Barred an White Rook. soringers 3 ibe an nd over,

DT 3 Tes 2 he over,

Net Def. .

ini 709.08

30" conta, Graded | Aion A Jarge, i

ot fu

1QaTie;

sae; Putteriat, No. 1, 34c;

if | sideration by a

FINED FOR REBATE

was imposed upon Gefstein & Co., X

P.).—Gov-| ( for the toe

: A140 $54,588. 65 $3,348,886, qa7. 88 gal

nt ‘receipts. 64 Ibs. and ap |

CANADA PLANS

-| SALARY GEILING

ould Extend Government Anti-Inflationary Controls. : OTTAWA, Nov. 7 (U. P.)—The

nadian Government is working . ut a plan to control all managerial

‘and exetutive salaries in Canada,

ernment’s . anti-inflationary ~wag ‘pegging policies would be extended salaries in the executive brackets. He did not reveal details of the vernment’s plans for enforces ent of the. ceiling on executive salaries or their scale but said announcement of the plan would be made ‘soon. . He added that rio one in an executive or managerial post would qualify for a cost of living ‘bonus, the substitute given to lowerincome workers in return for the Government’s ceiling on their wages. The plan is at present under cone vernment come mittee, Ilsley revealed. Tonight's annouhcement was a radical follow-up of tne Government’s earlier wage-controls which prevent employers fro raising ‘their present wage rates unless a national wage board has agreed the rates are abnormgily low. . t*made employaes. from the rank of foremen down eligible for a cost of living bonus equal to 25 cents for each point rise in the cost of liv‘ing index since the outkreak of war, It exempted small business employing, less than 50 men and cers tain other classes of business. ; Iisley gave no indiration tonight whether the ceiling on managerial salaries would contain similar exemptions, : The machinery established to implement} the general wage ceiling of national and regional war labor boards which are to be established with representatives of employers and workers.

LOCAL ISSUES

Nominal quotations fu ished local nig oo. National Association of Slcurives

tocks Bi Agents Finance Co Ind com... Agents Finance Co Inc pid... Belt Stk Yds com....... 28 Belt — ey, Xda vid. ... 57 Circle. vrianesene SB omwith gates 5% ) pfd vee 96° i 51d 18 14 %

pap ve i

60 By 108% 107%

1 46%

dole” ‘Gas Bat § Com” dota’ P&L 5% % nd iH w ter 5% a Lincoln Loan

1 an Co ndpis ater Class Ane Life N In

Union Ind G8. 4 Van Camp Van Camp Milk com *835ueup n

Bonds rs 'Wins'w W RR 4%

fm an 5s 51 .

on a plea of guilty to violations of Sant,

counts, and Sidney Ring and and R. A. |Indp

Pub Tel Co 4 a Richmond Water ¥ Works 5s 57. Trac Term Crp 58 57 ......

ECONOMY...

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