Indianapolis Times, Indianapolis, Marion County, 22 December 1941 — Page 22

V77% [YSIaNsrOLIY TOIFS NEW YORK STOCK MARKET QUOTATIONS

'( By UNITED PRESS BUSINESS High i High NG gh Low ae . Cir caw DB cod 1 i : : | : = i ar ! ess ory Gav ied i vere Cop... ..

U.S, TAKES OVER 4 STATE JOB AY

J. Bradley Haight Remains Head of Agency Now Under McNutt.

State officials were preparing today to turn the State Employment Service over to the Federal Govern ment for operation on Jan. 1. The transfer of the Indiana gov ernmental department to the Fed eral Government is being made along with those of other states at the request of President Roosevelt. It is hoped, according to the Pres= ident, that through the unification of the state employment services, the Federal Government will be better able to recruit the manpower needed for defense industries.

feu Get. Civil Service Status

3 13 J. Bradley Haight, head of +11 111% State Employment Service, already Young Sheet... 3315 33% | has been named state director of Young Sti Dr... 10% 10% the U. S. Employment Service. The og employees in the department, who Ye a are now under the state merit sys tem, are expected to be given auto matic civil service rating. : The Employment Service will

INSURANCE FIRM maintain its present 27 offices in larger cities of the state and will ADDS WAR CLAUSE continue business “as usual.” ‘ One of the problems yet to be

worked out in connection with the NEW YORK, Dec. 22 (U. P).— transfer concerns the status of Tacit acknowledgment that conti-| those employees who work bath nental United States has been con-| with the Unemployment Compensa« verted into a full “war zone” was Son Divisio at the Sule mpioy- , sen - seen here today in an announce- sions of the State Employment Se= ment by the Mutual Life Insurance| curity Division headed by Col.

Co. of New York that war clausea| Everett L. Gardner. are being inserted in all new insur- Whose $81,000?

ance policies issued to both male and female applicants of all ages. Another problem concerns the,

Lewis W. Douglas, president of|Status of the $81,000 appropriation the company, stated that the new|Mmade by the state legislature for ruling will become effective at mid-| the Employment Service which now night, Dec. 20. He emphasized, how- becomes a branch of the Federal

ever, that policies now in force will| Government. During the years past, the Emnot be affected by this change. PIOYmEnt Survive has barn Crorated

PAGE 22

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Purdue Predicts Profitable Year: In 1942 for Indiana Agriculture| REE 8

— By ROGER BUDROW

WHAT CAN INDIANA FARMERS EXPECT IN 1942? Purdue University says that generally, it will be the most

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profitable year Hoosier farmers have had for some time. The university's agricultural economists, in their annual “Outlook for Indiana Agriculture,” forecast these things for Hoosier farmers: Farm prices will rise because of war-time price inflation, but will fluctuate widely. Several years after p E DIP the war ends, prices will fall. “Plan now for | 0 10 15 CENTS defiation.” Farm real estate prices will increase but will 8 be cheaper . be cheaper in Top Falls to $11.15 Here; few following 09994 Porkers Arrive; years, Farm family Vealers Steady. | living costs will rise, quality may, Hog prices dropped 10 to 15 cents not be as good as/at the Indisnapolis stockyards toRoger Bulrow in recent years./day, the Agriculture Marketing Old equipment Service reported. should be repaired in place of buy-| Weights under 160 pounds were a ing new if possible. dime below Saturday’s prices while Farm production costs will in-iheavier weights slumped 15 cents.|yy crease rapidly and machinery | Today's top was $11.15 for good to should be bought or repaired asjchoice 190 to 200-pounders. soon as possible. Vealers were steady with a $1450 Prices for feed-grains will rise top. Receipts included 1238 cattle, on Zine a considerably, particularly in Indiana 595 calves, 8994 hogs and 1018 sheep. Anchor Jock al 13% as the shortage of feed-grains be- mi Andes op ie 9 comes apparent. Hay supplies are \rch-Dany M... 89 again large. Wheat and soybean prices will show some rise. Improvement in domestic demand for hogs, purchases of food -for-de-fense and general price rise will more than offset increased supplies of hogs—thus higher prices. Present favorable corn-hog ratio may Me sounds be lessened by price rise in feeds. Packing Sows

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In insurance quarters, however, it was said that Mutual's action probably was based on the danger of enemy bombing on the United

States’ coastal area. Other big life

on funds contributed jointly by the state and Federal Government. Both Governor Schricker and Col. Gardner have been opposed to the Federal Government taking over

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higher. Dairy products will be profitable but watch rise in feed NA wounds prices and less favorable feeding Slaaghter Pigs iy d will go up but No ure oownas SroRts may Sip In latter half of CATTLE 1042 because of great expansion in giaaghter Cattle & Vealers (Receipts, 1988) production, higher feed prices. Steers

ce eg = » ol unds Ceshaes heen 4 : él : Bet RUBBER WORKERS in In- | {ig iu Bouma: (iii Ll Ras use of the " diaanpolis, laid off beca Good BOB pounds _— war-created shortage of rubber 00-1100 Bounds |: 8 9 supplies, will have their senior | 1300-1500 Rounds v | Medium ity, rights protected. | sar “ihe U. S. Rubber Co. plant |,i30-1300 Potnes here, which had to let 800 work- CoRn1t00 po GRE ers go, announced that those of Steers. Helters its workers who get defense jobs Chotee—~ at another factory will accumu- Gy. pounds A : 188 fate seniority rights at the rubber | soo. 750 pounds [email protected] Bucyrus Sie of 118 factory, even though working for litt Heiters udd Mie nb another company. 750. 800 pounds [email protected]| Bu 4 § ££ 4 750- B00 POUNES ..evevivivess [email protected]| Bulova W Het

ODDS AND ENDS: Edison Elec- M90. "B00 pounds ceveseniieses T50@ 9.25] Burroughs .... 1 tric Institute says industrial de- So 900 pounds 1.509 9.50 N

sh Term “eis ihe 3 8 TS “is rs DP .

underwriters were believed to be , state-operated agencies, but in this preparing similar war clauses. case, according to Col. Gardner,

Fire insurance companies only Rois Wesk acknowledged the possi- Siete a Hughing Wat. could: ie ility of enemy air raids by refusing| «yw, 1 co » flatly to issue any bomb insurance LA rp Tale wih He ” He on property in the United States.|gaid. * e companies contended that this| The State Employment Serviega type of protection should be as-|now will become a part of the sumed by the Federal Government, Federal Social Security Division,

as was done in Great Britain, on the grounds that losses which might headey Wy Tormer Guovernep aif

result from a large-scale raid could undermine the safety of existing - fire insurance policies. CHICAGO LIVESTOCK SELL MEMBERSHIP Hogs—Receipts, 31,000; generally 10 to NEW YORK, Dec. 22 (U, P.).—|buk 160-20 ive. 10.7811: (op: sii; mes Arrangements were made today for |} ne .ere10 8s, the transfer of a stock exchange wi 30.0 110.15: ighter ights to $10.38 membership at $25,000, a rise of |, Ca Ci ng) Le i $6000 over the previous sale. The 8 Soot, sorry and vearlings site y 3

000 yearlings; good to choice fed heifers latter at $19, was the lowest TS upturn; general market on 4 since 1897.

weighty steers still slow; some trading of peddling affair: unevenly higher prices paid under protest; early top choice years OTHER LIVESTOCK |fings sna 40 * [email protected]; 85; mi i PT. WAYNE, Dec. 22 (U. P.).—Hogs—|and heifers around 10 to 15 cents lower; 180-200 lbs. $11.10; steers, $13.75 with good to choice, $12. $10.9! Vy 2 bulk steers and yearlings selling $11.75 to £13.75; sausage bulls back to last week's high; weighty kind selling to $10, or 15 to 25 cents higher than late last week;

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chlorite. . . . Wall Street is still gu } Zine. . oi hoping for the usual year-end rally| “Ee [email protected]| Canada Drv. |. 11% is in stock prices. . . . Eastern refiners sage Canada So ! are lowering the unit Bhocs hy Medium ane) quality of regular gasoline. at Capit A : Gd The 5-cent fare on New York G6 qr os 0 0, subways will soon be raised, in- \ Gatpent th formed quarters believe. . . . G. E. Ca. has perfected photoflash bulbs to take pictures in a blackout without being visible to ghemy aviators. . . .

Cholece— Lack of rubber, tin plate and rayon 500- 800 pounds .........ees. 1 a@120 supplies from U, 8. is causing fac- aay POURES ..iiviiieees [email protected] Cont xi y ow r "heb an » ol tory shutdowns in Mexic) RN oan basa 98081 2

pounds SeRaRRRREN [email protected]

STOCK MARKET HAS #5 co TECHNICAL UPTURN SEE:

Calves (heifers) NEW YORK, Dec. 22 (U. P).—| Good and eh Stocks experienced a technical re-| S00 pounds down covery today with trading again running at a rate above the million

share mark, (Receipts, 1018) La

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cows strong but sow cutters $7 down; veale $0.75; stags, $8.50; calves, $14.50; lambs, (scarce, mainly, [email protected] on stocke Un $12. earlings with choice calf weighty to u Univ Leaf T.. 50 49 ——————————————— in Univ L T pf. 148 FOOD PRICES ing on fat lambs or yearlings to establish ‘ c a market; most early bids 2 5to 40 cents y ; 9 Real af “ 1 y to! oo MY 241, gk 1b. sacks): Illinois Yellows, [email protected];|lambs held around steady at $12.25 up» Real Silk pf Te Y 0) Iowa Yellows, $1.55; Towa Whites, $1.60@ | ward; few sales fat ewes about steady a$ Rem Rand . s .

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00; 1 0 1bs., , $10.40; 100-130 Ibs 16; roughs, |ers steady at $13@14; stock cattle very Sheep—Receipts, 6000; not enough trade _ Vi i . 18} 18% Hon . ge HICAGO, Dec. 22 (U. P,).—Onions (50-|lower than Friday or $12 down on bes§ «oo 4 “ees aro Ch _.. ® liom 2 Va-Garo § pf. 20%, 20 1.70; Idaho Sweet Spanish, $1.45,

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“Well do our level best—"

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Steels, Automobile shares and "hs chemicals were prominent. Can and grotee stocks were weak features. Amer- Jedi jcan Can made a new low at 591%, off 3. Good and choles Tobaccok registered minor gains|Medium and some better grade utilities were So 1 pt firm, in contrast with recent ses-|@0o0d and choles .o........... roadeast 8 1 sions. Rubbers were steadier and 1 mn Gas i an

: : Gas p air line issues indicated lightening LOC AL ISSUES & Fri oF ah

of pressure. a, quotations furnished X. Joes) Com Inv a

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Tae excrance of friendly greetings across the miles at Christmas creates

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counting on your co-operation: If you

a tremendous traffic jam on the Long have to wait a long time on your call

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to Aunt Emma, we're sure you'll be patient. If it finally gets through, we know you'll be willing to be brief, 80 that the same vital Long Distance

Distance telephone lines. This coming Christmas Eve and Christmas Day will be the busiest in history for we must keep circuits avails ~ able for our country’s defense. Even with every available line in

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om unit o tional Association of

GRAIN PRICES SLIP [opts on 3 4B RRR oh es Gone A ON BOARD OF TRADE EERE" § = [= h $%

CHICAGO, Dec. 22 (U. P)—|Som Grain futures developed a slightly easier tone in early dealings today on the Board of Trade. At tite end of the first hour, wheat was unchanged to off %: corn un-|In changed to off 3%; oats unchanged to off %: rye unchanged to off 4; and soy beans unchanged to up 4.

DAILY PRICE INDEX

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LOCAL PRODUCE |&ah fi NER der A in PS oh | Bokome y vy reed eoloies nemh : ibs. end i or 1 VER Jy Beam TR & Sate SAA INL ter—No. 4, e: Ne |" EERIE

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comes with double assurance when you call for Shirley Service.

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