Indianapolis Times, Indianapolis, Marion County, 29 December 1941 — Page 14

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Experts.on Metals Here Offer Free |i: Advice to Small War Manufacturers ax;

SMALL CONCERNS IN THIS AREA, which have defense work, can now get expert advice on metals free of charge. : This is being done through the Indianapolis chapter of the American Society for Metals, headed by H. H. Lurie, chief metallurgist of the Cumming Engine Co.

The sig venti thor the Mager HOG PRICES DIP 15 CENTS HERE

concerns can afford to hire consultants or mainTop Slumps to $11.60 as 11,500 Porkers Arrive

tain metallurgical At Stockyards.

research laboratories to workout their technical problems in metals but smaller firms cannot do this. Thus, to speed Hog prices turned 15 cents lower at the Indianapolis stockyards today, bringing the top down to $11.60 for good to choice 190 to 200pounders, the Agriculture Market ing Service reported. Receipts included 2500 salable cattie, 550 calves, 11,500 hogs and 3000 sheep. A

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i Selling Resumed in Tire, Tobacco Shares; Oils Under Pressure.

3 NEW YORK, Dec. 20 (U. P).— Reinvestment demand sent many high-priced stocks up 1 to 3 points today while selling was resumed in tobaccos and tire shares and new pressure developed in the oil section. American Telephone, leading int favorite hammered down on rumors of a dividend uction, spurted 3 points to 122. it had risen 2% points.

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the war effort, members of the society are offerRoger Budrow ing their services without charge even though these men are busy with their own companies’ work. This advisory service can be obtained by telephoning Ma. 3321 in Indianapolis or by writing the American Society for Metals War Products Advisory Committee at 325 Bankers Trust Bldg, Indianapolis, The service should be a ‘boon to many small firms who have been making all sorts of civilian products and who now find, that in order to survive, they must turn to war production. The offer was made to approximately 1200 firms in the A Indianapolis area which includes the southwest portion of the state.

= ® ” STUDEBAKER will make more money next year than it has in any year since the reorganization in 1935, despite the sharp cartailment in auto and truck preduction, according to the Wall Street Journal It is because it will be turning out Wright air-cooled alrplane | 000-1100 § thors Sl ANY wuts. in latSe nic 150 making he © Sansiton from ante- | bois AOE Lotemrtoe: i : mobile to arms production during |i500'i560 pounds ..oeesiess: 1158 the past year and is getting close to the final production stage.

ODDS AND ENDS: Cargoes of ships plying inland U. 8. waters can be now insured for 15 cents peri $100 value. . . . Bendix Aviation of South Bend earned $6.30 a common share this year, compared with $3.75 last year. , . . Thomas Hitchcock, chairman of Ayrshire Patoka Collieries Corp. here, has been commissioned as a major in the Army Air Corps. . . . More glass containers will be manufactured to replace SARE tin containers but soda ash supplies may not meet glassmakers needs. . « « On a ton mileage basis, rail roads haul 63 per cent of the freight, waterways 18 per cent, pipelines 11 per cent and highways 8 per cent.

Nominal quotations furnished by loesd But of National Association of Securities Stocks Bid Ask] CR poun $11 00@ 12.00 Agents Finance Co Inc com.. ® | 500-1056 pounds cree FRR... [email protected]|C8r C & O Ek BR Bik Ys com ou. 00 rounds Carer & . ht » conn on 3 2% pelt RR Stk Yds pra nr | 200-105 pounds LINN RENN re Mer F 1080 POURS L.iceeevenene [email protected] oe pounds Chess eneree .95@ 2.00 (steers)

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vers |GOvernment might step in to pre- = % vent a rise in the price of cigarets. Steel issues were up fractionally as h- steel operations rose 2.7 points to — % 96.1 per cent of capacity. Coppers made fair gains. Motors and air2X ii|line issues were steady, while air- = 3, [crafts held firm. Rails showed small +% [net gains, while utilities were steady.

HOLC CLOSES LOCAL OFFICE WEDNESDAY

State employees of the Home * |Owners’ Loan Corp. today made final arrangements to close the Indiana HOLC office on Dec. 31, after almost nine years of operation. State Manager Robert M. Collier announced that the Indiana branch would be suspended, and the rest of the Hoosier collection work would be directed from regional headoe. lquarters at Detroit. Of the 73 employees in the state office, 25 will be retained to service loans, handle reconditioning and manage property. Arrangements are under way to transfer other employees to private industry or Federal defense agencies, Mr, Collier said. More than $50,000,000 in loans has been collected and 7200 accounts are paid in full, “but a huge collection job still faces the Indiana HOLC,” Mr. Collier said. Between 1933 and 1938, loans were granted to 48824 distressed home owners, at a total of $112,170,692. Since 1926 additional advances amounting to $2,403,188 were granted for maintaining property and defraying taxes. “Of the original borrowers, 82.2 per cent are either on their way to debt-free ownership or have paid off their loans,” Mr, Collier announced. Today the HOLC owns 588 homes in Indiana, and has sold 5735 others on a long-term basis. More than 97 per cent of the purchases are current in their payments, the office said, and of the 588 homes owned, 94.6 per cent are rented. :

ARMOUR EARNINGS DOUBLE 1940 NET

CHICAGO, Dec. 20 (U. P).—Net earnings of Armour & Co. of Illinois and its subsidiaries, including Armour & Co. of Delaware and its domestic» and foreign subsidiaries, for the 53 weeks ended Nov. 1 were almost double those of the 53 weeks ended Nov. 2 last year, the company reported today. Consolidated net income of the Illinois company for the latest perjod amounted to $15,111,410 or $1.95 a common share compared with $8,307,429 or 26 cents in the preceding 53-week period. Net was after provision of $7,254,367 for Federal and foreign income taxes and after deducting foreign earnings not

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¢ 8 2 =» TONIGHT

7:00—Vox Pop, WFBM. 7:00—~Telephone Hour, WIRE,

9:30—Cavalcade of America, WIRE.

Vox Pop turns to civilian defense against enemy air attacks when Parks Johnson and Wally Butterworth interview residents of New York City, where tens of thousands of air raid volunteers are organized. The program, on WFBM at 7 o'clock, is scheduled to bring to the microphone an air raid warden, an auxiliary fireman trained in incendiary defense, an American Legion aircraft spotter, women engaged in Red Cross Motor Corps work and in Emergency Medical Service nursing, a New York policeman who was in a London air raid and a suburban raid waren. LJ 8 EJ

DRAMA: The story of a woman’s influence in the political life of Washington will be told tonight when the Cavalcade of America presents “The Gorgeous Hussy” on WIRE at 9:30 L o'clock. Paulette Goddard will make Her first guest appearance on the program

D.” is the title of tonight's presentation by the Radio Theater. Bob Hope and Hedy Lamarr will be teamed by Cecil B. DeMille in an adaptation of the fllm comedy on WFBM at 8 o'clock. 8 » ”

Tschaikowsky’s “1812 Overture” and selections from his “Nutcracker Suite” will! be featured tonight on the Telephone Hour at 7 o'clock on WIRE. Donald Voorhees directs the orchestra and vocalists include James Melton and Francia White. x 8 " = . The SiPtlight Bands’ lineup for the week includes Xavier Cugat, tonight; Count Basie, tomorrow; Harry James, Wednesday; Benny Goodman, Thursday, and Sammy Kaye, Friday.

DAILY PRICE INDEX

NEW YORK, Dec. 20 (U, P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1830-32 average equals 100): Saturday Sees RTRINIRNREYEYSY 150.53 Week Ago SAB BANNAN BAcB RNIN NN 149.94 Month Ago See B ONIN REN RNAS 144.61 Year Ago Sees ssscssnssncsene 124.74 1941 High (Dec. 12) .ievenoss 150.54 1941 Low (Feb. 17 ETP 123.03

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TUESDAY PROGRAMS 10:00-Maty. Marlin - Barton Sl d Harum 11:15—Unann, Neem :00—Everybody’s Farm Ww Elizabeth Bemis {Work ny stery

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—— Hr Morning i News

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GRAIN PRICES RISE IN SPOTTY TRADE

CHICAGO, Dec. 29 (U.P). —Graiq

futures advanced

fractionally ix

early dealings today on the Board

of Trade under spotty demand. At the end of

8 moderate buj

the first hour

wheat was up % to % cent a bushel} corn up % to %; oats up % to %{ rye up %, and soy beans up % to % Volume of trading in all pits

again was small,

pecially evident in as brokers awaited

Dullness was | soybean further d

ments in regard to revision of .th ceilings on fats and oils.

U. S. STATEMENT

WASHINGTON, Dec. 20 (U. ernment expenses and current fiscal year through Dec. pared with a

war Spend 7,953,509, Receipts., 4,114,614,634

f... 17,009,218,

P.) —Gowe receipts for thé us 26, come

ear ago.

$11105.115 598.08 $5,098.075,1 enses 2 . h A N yp hy . 3 877.19 1°700,743.588.5

Last Year

32,892,929,432, 2,113,600,101, 29 2,009,852,704.

78. ) . Bal 2706,070,101.93 1,269,355,342 Pub. Debt 57.516,297." Gold Res. 22,751,230,F

4,998, 035,504.

30.08 4 : 316.96 21,981,672,407.

INDIANAPOLIS CLEARING HOUSE

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