Indianapolis Times, Indianapolis, Marion County, 2 January 1942 — Page 10

OPA Order Soybean Prices CHICAGO, 2 WU, Pl

BUSINESS

New Brass Mill Here to Begin Operations in March or Apnil

Jan. \

Motor and Gasoline Shares Under Most Pressure

On Big Board. ta % cent, and soybeans

NEW YORK, Jan. 2 (U-P).<Ajup 2 3 cents. sharp drop in trading volume fea-| The upward revision in the OPA tured the stock market today, ceilings on fat and oils boosted soyPrices moved irregularly. beans futures nearly 4 cents a Transactions to noon totaled bushel at the opening. The new 160,000 shares, contrasted with Y70,- schedule effective today placed max000 shares in the corresponding pe imum prices at the Oct. 1 levels, riod Wednesday and 1,200,000 on|°F 11 per cent higher than the old

Tuesday. Today's volum wps. smallest since i. 20. ® ‘was Ve Corn futures were aided by a 1-

Announcement of the loss of Ma-|°e"t advance in the offering price nila and evacuation of Cavite had oF ConumpaiLy Gredit, Gurp. Ootn no apparent influence on the stock | WIS Gras rmed, list, but tended to restrict demand. FOOD PRICES CES 8 (50-

Motor and gasoline shares were Onton under most pressure, reflecting the [pe moks) Mimngaota Sellen, s SL ; lowe we White, § $2; Vis 5 Snows 4H 0:

Industry -Asks Government To Speed War Work * To Idle Plants.

DETROIT, Jan. 2 (U. P)~The makers of the motor car reharnessed their giant mass production induss try today to make tanks instead of trucks and airplanes instead of. autos, p The OPM’s order halting the pro= ! duction of passenger cars and light 5 trucks was accepted as a challenge by both management and labor, The OPM plan permits manus oo facturers to turn out the January . quota of 102,424 vehicles, The ins j dustry had been turning them out ll at a rate of 18,000 a day. o> 8 “We can't estimate now just how ¥ many plants will have to be shut »: down or for how long,” Mr. Mas yo Cauley said. “It all depends on how » rapidly we can get into production he ¥ on new contracts.” ; At the present time, the Industry holds contracts for nearly $4,000 +1 000,000 worth of armaments,

to % cent a bushel, corn

- By ROGER BUDROW cent, oats up % cent,

! THE CARTRIDGE CASE FACTORY BEING BUILT here by Bridgeport Brass Co. is but one of five going up throughout the country. These five will be able to double the present cartridge case production by the middle of this year, according to Herman W. Steinkraus, general manager of Bridgeport

SESE ES DORKER PRICES ADVANCE HERE

near Stout Field will go inte oper-20-Cent Increase Made in

ation along.in March or April, Mr. Steinkraus expects. And although Hogs Weighing Above 160 Pounds.

it will take time to work out kinks in the new mill, modern methods a n d equipment will ‘enable the Hog prices rose 15 to 20 cents at the Indianapolis stockyards today, {the Agriculture Marketing Service reported. Weights under 160 pounds made] § : _ ; the 15-cent advance while heavier i a T a

plant to make an excellent per ~ ts, boost the weights roe Tor wood. to choice 190| Firemen fighting Aames that destroyed a dogen gasoline tank cars after one of them exploded while the train was being switched in a belt line yards at Hammond, Ind. The cause of the explosion is unknown,

NEW YORK STOCKS

The other four Vealers were “strong to 50 cents By UNITED PRESS

mills which will roll strip brass for higher with a $16 top. Receipts included 655 cattle, 435 calves, 10,049 DOW-JONES STOCK AVERAGES $0 INDUSTRIALS

new government ban on sales of|jows 2 new cars and the outlook for sharp. |. “00 eens WAGON WHEAT

ly reduced civilian gasoline consumption. Standard Oll Co. (N. J.) | tosey. Inaiananeits four. mills tnd i paid B Ras ings pr A vushth for aK No. She!

and Texas Co. led a general decline on their

market a fon

its).

in oils with losses of more than 2 Lo Mg orn. white oats, 49¢, and No.

points. Chrysler slumped more than a point, while General Motors dropped a major fraction. Out standing on the upside were the mail order shares, with Sears Roebuck and Montgomery Ward up about a point each. Loew's also was a firm spot, up 1% to 37%. United Aircraft and Union Carbide were down a point or more, while American Can countered with 14 gain to 61%.

8 PER GENT GAIN IN CARLOADINGS SEEN

WASHINGTON, Jan, 2 (U, P).— The Association of American Railroads today predicted that carloadings for the first quarter of 1042) will top the 1941 period by 8.1 per cent,

On the basis of estimates by the : 113 Shippers’ Advisory Boards, the A. A. R. forecast that freight-car loadings of 28 principal commodities in the first three months of A 1942 will total 6,054,328 cars, compared with 5601422 in the corresponding 1941 period. "re All of the Shippers’ Advisory » Boards predicted increased carloadings in their territories, estimated , gains ranging from 2.1 per cent in . {the Ohio Valley region to 21.1 per cent in the Northwest territory. The A. A. R. pointed out that “normally” the commodities used in the estimates number 29, “but owing to the uncertainty of the aui [tomobile industry, pending an an- " nouncement by the Office of Pro-| duction Management as to production in February and March,” no estimate could be made for the first quarter as to automobile, truck and parts shipments, The great Lakes Shippers’ Adi sory Board estimated that, in that region where more automobiles are produced than in any other, carloadings of assembled vehicles in January will total only 7612 against 24.322 a year ago. For the month of January, in the country as a whole, loadings of assembled. automobiles and trucks were forecast at only 15681 freight cars, against 50,513 in January, 1043.

BENDIX CO. BUILDING $1,000,000 PLANT

SOUTH BEND, Ind, Jan. 1 (U. 5; | P.) —Between 600 and 800 workers A will be employed in a new million dollar defense plant of the Bendix Aviation Corp. here, its was announced today. The Sollitt Construction Co. has broken ground for the new building, which will cost in excess of $300,000. Installations and equipment will cost an additional $700,000, Bendix officlals said. The factory will be owned by the Defense Plant Corp., and leased to Bendix. The work calls for oompletion of the plant within 60 days.

INDIANA'S PIG CROP LARGEST ON RECORD

LAFAYETTE, Jan. 2 (U, P). — Hoosier farmers have the largest fall pig crop on record-—an estimated 3,204,000 head for 1941—according to a report issued today by the Purdue University Agricultural statistics department. The survey revealed farmers have

\ h h Chicago, Fast Alton, Ill, and 3 Cleveland. In addition Bridgeport Brass is building a large unit for the Navy at Bridgeport, Conn, which will be in at least partial operation in April or May. Cartridge brass is an alloy consisting of 70 per cent copper and 30 per cent zinc. Copper, of course, is one of the most precious of all metals now. Certain type bombers, for instance, require more than two miles of copper wire alone in addition to many copper and copper alloy parts. Some bombers use as much as 500 pounds of copper and its alleys. And an average battleship uses around 2,000,000 pounds of the red metal. Thus it’s no wonder that copper is under the strictest sort of priorities.

cartridge cases] are being built at hogs and 2148 sheep. HOGS

Roger Buirow Kenosha, Wis, Good and Choice

Net High Low Last Change nif T% 11 4 . 373

qolitaires

75¢ A WEEK

Beautifully styled yellow gold ring set with a genuine sparkling diamond of unusual beauty.

re HR

$1.00 A WEEK

3 Diamonds in each of these glorious’ rings. Each ring popular yellow gold.

Ruberoid 17 «0.36 | Rustls 1 & St pf i 40.28 -).70 +1043 Wigh, 1941-42, 153.59; Low, 106.34, High, 1910, 152.80; Low, 111.84,

20 RAILROADS

Adam Addressopraps | Air Reduc

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High, 1941-12, 30.88; Low, 24.95. High, 19510, 32.6%; Low, 22.14, 15 UTILITIES

m « x GE RU ODDS AND ENDS: Argentina RT can’t sell corn to Europe, can’t buy coal from Europe so it is buming corn in factory furnaces. .., . Hercules Powder Co. is making pine oil out of turpentine. , . . Aviator’s jackets and mittens are being lined with coyote skins. ... Root of the Manzanita, a wild apple tree in slaughter Cattle & Vealers (Receipts, 655) New Mexico, Arizona and Cali- Steers Te fornia, may substitute for French “55. "900 pounds «...... cL [email protected] | A briar pipes. . . « U. S. sent $430,- A es iH 000,000 worth of food to Britain [email protected] between March 15 and Nov. 30 but i 12 ow ® A it was only 3.4 per cent as much as eee Ree Am Water W we consumed ourselves. . . , War L300 IR 13:50) Am Wat W £1 6 Be may cut off U. S. supply of cinchona bark (quinine) and benzojn gum (for adhesive tape), both of|C which come from the Far East. Steers, Heifers . . . Orris root (toothpowder) from | Chot 3 - pOUNAS suisecnerenns Ttaly and FEuropean-grown bella-|Good— donna are already scarce. . . . One| 50- 750 pounds on manufacturer built a typewriter with 8 12-foot carriage to put speciy fications, dimensions, ete. on engineers’ and architects’ drawings. . . . Airplane pilots ‘can now “listen in” on their motors separately, by using bud contact microphones, to detect any | Medium . 1%... trouble.

LOCAL ISSUES

Nominal quotations furnished by local unit of National Association of Securities Pease Stocks Bid Ask

Agents Finance Co T% nts Finance Co Yds

Good— 860- 400 POUNAS seveerenvrens wo aR

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Wednesday Week Ago S$ (Month ARO .....uvevvnrnnen . Year Ago High, 1941-42, 20.65; Low, 18.51, High, 1940, 26.45; Low, 18.08,

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400- 450 pounds . 450- 500 bounds

Medium-— 250- 500 pounds Slaughter Pigs

Medium and Good— 90- 120 pounds

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8.50@ 9.9% A oe . 84% 27% . 20% pf.. 41 ow 21%

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$200 A WEEK

Exclusive quality in

ring design. 8 gens. uine sparkling diamonds.

Trade-In Your Old Ring

These items are only a few from our, extensive stock of fine jewelry.

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Cholce— 750- 900 pounds ....

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RUBBER SHORTAGE MAY LAST 5 YEARS

. WASHINGTON, Jan. 2 (U, P).— «{ The rubber shortage may continue » | for five years, Office of Emergency Management officials said today. Although a program has been started to develop production in South America, Mexico and South- + western United States, the deficit of 600,000 tons resulting from loss a|of Far Eastern imports cannot be

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CWELIZABETH” “STANFORD” “Miss AMERICA” In the charm $ 15 Accurate 17« $ 7% Dependable T* 524 smart new 33 ind ioe, Silk 3 1942 ELGIN CEE

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LOCAL PRODUCE

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Barred > and White Roc et (Al No. 2

a gra 12; $12. 75 tee cow: very Dw canners under $6.

|$8@9 with good th choice ofterings 189.50; heavy sausage bulls sgain sO

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substantially replaced before 104%, it was said. A survey of the situation by OEM showed that not more than 15000 tons is available annually in the

641,000 sows that will farrow in the spring of 1942; a farrowing increase of 20 per cent over the preceding spring. Indiana's total 1941 pig crop was placed at 6,856,000 head,

1 Joi $

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15 Jews S98. 11 Jewels S61 Jews S400

fe ymovement. race aco, Yel | “tSe A WEEK $100 A WEEK

grades, 3 cents Amazon Valley area, and only 7000

tons can be obtained from Mexico and the United States this year. This, officials said, would not be a “drop in the bucket” compared with the enormous supply needed for military and civilian use. At present the industry is re‘claiming 270,000 tons of rubber ane nually, and it is hoped this figure can be raised to 500,000. But rubber can be reclaimed only once for

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Sheep— ie eg gat rg, org HHS SOS nd Rtas. SI e er; A Sra, Grade A small, dtc; mo x & 3B &

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$12, DDL few lots medium to pickup prices qu Wadley

ERB on ee tS 'S. STATEMENT an, 2

8 4 per cent rise over 1940,

DAILY PRICE INDEX

NEW YORK, Jan. 2 (U, P).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1030-32 average equals 100): Wednesday ...uievvessiesses. 150.36 Week Ago senrataav vase as 140.91 Month AZO .ivvuvuvsnsnsnenes. 14707 Year Ago 1941-42 High (Deo. 12) 150.54. 1941-42 Low (Feb. 17) 123.03.

Grain Pit Seat

¥5¢ A WEEK

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NEW 1942 GRUEN WATCHES

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Incorporations

1 Investment Corp, Indianapolis;

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