Indianapolis Times, Indianapolis, Marion County, 17 December 1941 — Page 31

BUSINESS I LA “ON JAP BLOWS veers

800 Rubber Workers in Indianapolis] 3 — iy fey HE Sle : Orde Managers | Lose Jobs Because of Pacific War Cy HL Nat Distilies Many ‘Blue Chips’ Slump; agement engine il spk af he Chamber of" ‘Commerce a os ROGER ; ow = _ RR ry he ‘ Ne ae mn Trading More Active tional Office Management Associa- Japs November Levels x Ec 2 = Ret Shed 1

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; NEW YORR, Dee. 17 (U. P)— ‘Employment in Indianapolis in. apolis have lost their jobs because of the war in the Pacific, \ Re To on set Blocks declined’ fractions 16 more Concrete Contractors according to union officials. The big U. S. Rubber Co. plant ET Low than 3 points in fairly active deals| = - "i here expects to hire perhaps half of these back when the|i=3 18 UtLITIES day nd Sores one Ghirin. | sistant peas itiaze Shtenyo, so Government gets straightened out on the rubber supply WHEE A rece ticatiin: Cement Association . . Jonty a esis, situation. But before this factory can go into defense production heavily, it must have new molds, new machinery. All this takes time. And until it can be seen whether or not crude|i= oh rubber can be shipped across the Pacific, the Government Ee # % won't be able to make any definite lass. = a At présent there are about 510,- 1d

ga 000 tons of rubber in Government stockpiles in this country and 140,- im 000 tons on the Am wi i m oy n as

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ler, General Motors, Sear oobuek gud us Rubber, plunged to their hes owest levels fo. r long- : — Fhe yeatign4 tractors at the Claypool Hotel, 7:30 pOtlities hit the ‘lowest level on}p. M: tomorrow. ; e average since «Jones start-|e . : L level of November ed compilation of that componens| 1001 Engineers ell below the preceding month but in 1828, while the industrial aver<| ® w. P. Smith of the Lincoln | still ‘continued ahead of a year age was not far above the three-| miectric Co. of Cleveland will speak 80 -a-half<year low established a on “Welded Jigs and Fixtures” at Along with employment, inbound week ago the Indianapolis chapter meeting, |carioadings, telephones, water sc elling ‘of securities was ascribed American Society of Tool Engineers, counts. and gas meters, continued the mainly to reported success of Japa at 8 p. m. Thursday. uninterrupted gains of the nese forces against the British in month, Beriplojinent fell off Borneo and reports indicating that| Man Marketing Jone ago in the

1. S, T0 SELL WHEAT, SEE FEAR RENT = > 2 PRICES DIP 2 CENTS WHEAT PENALTIES

CHICAGO, Dec. 17 (U. P.).—The

announcement that 170,000,000 bushels of Government-owned wheat | 4 NGE

will be offered for sale unsettled grain futures today on the Board WASHINGTON, Dee. 17 (U. P). of Trade. ri ious late Jesterday com- | ¢ % Wheat dropped nearly 2 cents a ple ongressional action on a * 5 bushel at the og aarly but recov- | bill to change the method of apply- | "#Port. Business atures were “Sader Y, ered fractionally to show losses of ing panies on ine production of Cuties but exceede Hyutes: & year 1% to 1% cents at the end of the |Wneat under marketing quotas, first hour. Corn was off % to %;| The me sure, which now goes to| TOWnship rellef in Marion oinoats off % to %: rye off %: andthe President, provides that farme| LY Showed a two-thirds decline from soybeans off % to up %. ers need not pay a penalty on their November of last year and ‘WPA Although no large sales of Gov. |CUFFent yield if it is not in excess Jigar ve 5 le le a: ernment wheat are expected at the (Of the normal yield for allotted claims filed were 2.8 per cent above

present price levels, grain traders acreage. October A than fet that the selling policy virvually | Under present Jaw, penalties ap-| 200VEC 00 MLE oot Tote Cu placed a ceiling on wheat prices. excess of the acreage allotment. increased for the respective periods.

Feqeral wheat stocks would bene, u..'tor excessive wheat pro- Power Use Declines

available hére at around $1. 30 a bushel. | duction amount to one-half the par-| 1. 114iana Employment Security Division's monthly report showed

ity A rate or about 49 cents. Net new measure would permit vanced Last Change farmers who planted in excess of 4 durable goods plants ad

- employment 6 per cent over Oce $% + i3|thelr allotments but whose yield ype” re" per cent over Noe

... | Was less than normal to escape 39 vember, 1940; while the same plants N 3 ny penities. : , increased pay rolls 6.2 per cent and 922 per cent for the fespeetive pe~

GIRDLER WILL HEAD |riods. Employment was up 33 per

cent over October and 11 per cent VULTEE AIRCRAFT over a year ago in 269 retail firms. Fifty-four wholesale firms showed «| NEW .YORK, Dec. 17 (U. P.) .—|8& small decline in employment from:+ Directors of Republic Steel Corp, |October, but a gain over last year. yesterday approved a proposal under| These firms have increased pay which Chairman Tom M. Girdler| rolls. also would assume executive con-| The report disclosed that elec. trol of Vultee Aircraft, Inc. and (tric power consumption was slightly Consolidated Aircraft Corp. under the October record figure, but Mr, Girdler will take over the posts (remained 159 per cent ahead of of board chairman and chief ex. (last year. Industrial gas showed ecutive officer of the two aircraft |Similar figures. Residential permit . qi . |companies upon consummation of [Valuation was 32 per cent below Sjscuts p x a deal now pending which would October, but 389 per cent above a: Un Carr Fast.. 18% % | give Vultee working control of Con-| Year ago, and the total building perUnited Qorp ‘ eq 4 8 ooo |solitated. mit valuation showed a stnilax de~ Res Diud . 3 HN { cline and increase. 4

i {BONUS USED TO BUY| romacco sav svmose

Un Dyewooe . 4 WASHINGTON, Dec. 17 (U. P.) «== JU. Se. DEFENSE BONDS A 40 cents an hour minimum wage

for Christmas bonus checks received a, Bh Ts ries: i 2th

by regular employees of Richman : Brothers Co. store here are in many mendeq by the commitiec ifivastis

cases be used to bu 2 gating the industry, the Wage and bonds REISS. ned according oT Hour Division of the Labor DepartE. Thornburgh, mana ment announced today. whe checks, OE " oa Jul : : resen as eh fay ae a ad Inet DAILY PRICE INDEX checks were “in appreciation of the] NEW YORK, Dec. 17 (U. P.). — Co-operation offered by employees) Dun & Bradstreet's daily weighted’ In the last yegr. price le of 3 basi commodities, » | comp or the United Press (1930 fi Sales DECLARE DIVIDEND 32 average equals 100): Rl y Arsenal Building and Loan Asso-| Yesterday .............s.e.. 15040" te i us ciation has declared a semi-annual Week AO ...........ceeee.. 148.32 v he . dividend on the basis of %% per Month Ago “essserecsetenee 123.26 3 ' > year, payable Jan. 1 to stock of [1941 High (Dec. 12)......... 150.564 virginian Sad | Mi ih | & record Dec. 31. : 1941 Low (Feb. 17) .....0 00... 128.03

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rear uet berore| Top Advances to $11.50 as he rel .7600 Porkers Arrive

cluded civilian in Rol! products such us At Stockyards. Sa automobile tires and tuves which| Hogs weighing more than 160/4im Sw Roger Budrow undoubtedly will pounds were 15 to 20 cents higher Am 5 be curtailea how! at the Indianapolis stockyards to- Am S if not practically halted. Our en-|0ay than yesterday, the Agriculture } thusiasm over syntheti¢ rubber has| Marketing Service DOHEY, and [AR overlooked the fact that only a ose Heiging EL » relatively Small amount is being| 220 bounds made the fu cent | om produced. = The Government is | advance. Weights under 160 pouhds| 3 financing four 10,000-ton synthetic TOF a oe | am Am rubber plafits, one of them at Lows-| °F he cho " in Wool ville, ivately-financed synthetic | Pouncers os Receipts included 1452 salable] {RSE ; 3

ubber factories, when completed, | will be able to turn out 30,000 tons| {RE con calves, T600 hogs and

a year, That totals only 70,000 tons of synthetie rubber. Extensive development of the Megican shrub, guayuli, is being discussed. It preduces rubber and can be growh in- the western part of this country. It grows much more Tari than Far Eastern rubber. Most hpotiatt method of conserving our rubber supplies, however, will be in cutting down on civilian consumption. Sale of tires and tubes has been banned until the first week in January. What will happen from then on remaine Gite 100 pound to be seen. $50 oun : 50- 500 pounds 3 8 0 Medium — THE WAR has also created | 259 500 PO ah Ha trouble in the burlap and cotton | areaium Pre bag situation. Jute from India, | °° !%0 pounds

whith is used to make burlap CATTLE & ac bags, is seriously affected. SHE a BS UhieC 1 Boein

Therefore, bag dealers are urging the public not to burn burlap or cétton bags, but to sell them to be used over again. Price ceilings Gogd~ S00 POURS ..iieieiiiiis on second-hand bags have been |;700.130 bounds coil ‘ set up by the Government. 1300-1500 pounds ... Medivm—

730-1100 pounds 935@11 3 Buheen op 1100- 1300 » pounds SEQ Suse NIE ;

$ DS: Com ODDS AND ENDS: The Govern- (Commen=— . $800 o.18 ment has spent more than 10 bil- Steers, Heifers dior Sey » Chot lion collars since the first of July. 500.158 pounds . 12 [email protected] . + + New life insurance sales by| F8%Ts sounds ocio.ic. es [email protected] the $8 leading Companies by ec. Gh : x 1 were BY per cent over the first] 730. S00 POURES ............. 1285@18HS 11 months of 1840, Association Of | 750- 000 Po ods ...ciiiivees 1180012.98 Life Msurance Presidents reports. - 900 Vieihs 9B0@1L SO . + + Commerce Department isn't] S0ee pounds ......... hh 1508 8.50 publishing statistics about imports . Cows ] i ; he Good +. < in and exports of cottonseed products | aediom x ) any more because of the war i 4 CLL Chul Las sthbibhe cok B00 iH Sterling Products, big U. S. drug firm, is starting big advertising drive in South America to capture] drug business; Nazis had there,’ which was around 75 per cent of all sales. . . . Rising Sun, Ind. State Bank has joined the Federal Re- Good and chek serve System. Sofpnion and odin

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we have the to meet Rs HR his. heart's da . Trains " ) at the Snare sa | Locomotive Kits to ee most complete outfit. REAL USE OUR LAYAWAY

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STANLEY JEWELRY 00. ll “=o ores ones rose | Hh wasn (S12 LAL oh F Eric. Soviroid “Brilliant young

“Usk YOUR GREDIT at oy stn CBs Wespinator Sonesponden) | Ni . who distinguished himself as a os sn anes Jl member of Columbia's news staff JB Wenineion 80 FE SEn | in Paris before the French capituWL lation, is heard on the new Columbia network programs of special interest to all Americans.

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