Indianapolis Times, Indianapolis, Marion County, 6 January 1942 — Page 14

‘DISCOVERS NEW FINAL STOCK QUOTATIONS YESTERDAY |PORKER PRICES Indianapolis Business Summary

1 Last Week Last Week 1940 1041 % Chges WAY 10 FIND OIL High Tow Olese Cheng DOW-JONES STOCK AVERAGES RISE 1 0 CENTS Week Before A Year Ago Total Total ’41vs.’40 fy 80 INDUSTRIALS Bank Olearings ...cosveviesviiinie $20,562,000 $22,805,000 $24,291,000 $1,062,796,000 $1,287,249,000 + 21.1

Adame Exp 1 iT i TEER Lo rr A Bank Debits ......uesesseeevveeses $60,617,000 $58,061,000 $60,262,000 $2,631,771,000 $3,320,057,000 + 262 At up ae y un * 3 Month ARO ..covvnsssninasst 100.27 8.08 Top Adanvces to $10.85 as Postoffice Receipts SHIT, $106,343 $111,688 $84,041 $4,757,634 $4,998,564 " + 51 Bullding Permits «iovvvvevscvsenens $96,007 ST5025 $10,395 §11,009.990 $13,386,001 +7130

Penn State Professor Says + MeL Alaska Juneau. 2% - AR ih TY Tew, oe 40.10 | Me p ; 11,000 Hogs Arrive at REOUBOB ss +i sae sv sranvarriiney $75100 $70,800 $5266,195 $6,915185 + 313 Stockyards. Apartments coviviiiiiiniiinene gO 0 $576,800 $304,000 == 31.7

Method 80 Per Cent Al hs apt od at da High 1040, 150.80; Lew, 111.84 Business ...cocoevoessviovinnne 0 $1,406,883 $1,520,582 + 8.1

A ve Al Cp pt Rab ww 5% 3h a : Successful. RAT TA 8 Yesterday . Tats nu STATE COLLEGE, Pa, Jan. 6 (U. Ho a I ne Prices for hogs advanced 10 cents 9 P)—Dr. Sylvain J. Pirson today High, 1041-48, 50.88; Low, S498. Industrial ...ovvvniviiiniiiin 0 0 $2,484,050 $1,845,560 ~ 25.7 announced the development of a new High, 1600, 52.67: Low, fR.14 at the Indianapolis stockyards. to Ce | 0 0 $487,400 $686,050 + 40.8 method of prospecting for oll and) nr 15 UTILITIES day, boosting the top to $10.85 for Repairs & Alterations ....v.vv0 $12,807 $825 $788,662 $1,025,534 + 30.0 ghs and estimated it would save A set ttu. tlaiileie’ good to choice 100 to 200<pounders,| Applied for Jobs .........eeveuvnne 1,538 813 40,459 58,557 + 44.7 the Nila I oe Am the Agriculture Marketing Service| Received Jobs .............vuveviee as so1 10,600 20,326 + 40.6 covery of new oil needed in the réported. Claimed Unemployment | allies’ war effort. Weights under 160 pounds were| Compensation (Dec. 27) .ivvaveee 2,133 3,014 1,995 155,007 95,355 = 38.5 The new method, called the unchanged from yesterday. Re-| Freight Carloadings: “geodynamic process,” has Deen cepts included 2300 cattle, 600 INDOUIME «ov evs vvvivevisviovetee 3,745 4,037 3,469 Not Available Yet ST per Sen of inary am calves, 11,000 hogs and 3500 sheep. | OWEBOUNA .........cocvereeens 3188 2,208 2,008 Not Available Yet methods, the percentages of suc-|& rr Electricity Output (kwh) .......... 15,156,000 14,506,000 12,075,000 620,744,000 741,813,000 + 17.8 cesses in “wildcat” drilling does not Monaay, dati 8 Streetoar Passengers (Deo, 27) «eee. 1,394,665 1,609,168 1,245,837 67,720,581 72,247,024 + 6.7 exceed 28 per cent, he sald. Geol sud Chg Telephones In Use (Dec. 31) cvevene +1390 +1 +38 99,014 110,858 + 11.0 Dr. Pirson, 4 native of BEGUM, am 190° pounds Livestock Receipts (head) ...ceeeee 57,128 45,105 57,581 3,370,768 3,099,465 — 80° ® Sésoeiate profess oh BE o iret Am ig8 “pounds CERI. reves svivrensvrvevegetve C5H0Y 3,974 5,198 334,659 321,068 — 4.1 Pennsylvania State College. A a0 CALVES: «vv irrevedverrenmpunies 2,218 1,510 2,512 162,408 152,468 = 6.1 He said the basis of his method of 0 HOES .cucevvvavvnnianniiniinnee 40,528 33,847 41,504 2,185,547 2,267,493 -= 8.8 w BHOBP «ovuivevrsrveerervriiveny 8618 5TH 712 388,154 358,440 ~ 7.7 Grain Receipts (bushels) .e.eeveees 507,000 530,000 195,000 29,915,000 38,196,000 + 27.7 ah Bow nag. COME «uvuvivvivevevenemvensnane 200000. 390/000 152,000 17,575,500 24,862,500 + 41.5 OOOH wit Chinen WHORE sevrvveesvevssvrrererer. 2000 14,000 11,000 5,649,000 5.497.000 == 2.7

prospecting is the measurement of 270 300 pounds ...ie lo 388101 ORtS cevvecvsrensssrvesnscrence 136,000 94,000 30,000 4,580,000 6,218,000 + 35.8

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Sugar duc Three Producing m Surat J fn 10 months of testing the|}m FoR method, seven wells were drilled, five Am Type of them on locations which were Am- Viscose ¥ 1 predicted by the geodynamic method | An . to contain oil and gas and two on |yu gine locations condemned by the same Anaconda i+ method. Arch-Dar 8

330- 360 pounds sesee [email protected] RYE vrivivevesvevisvisvsavons 12,000 2,000 817,500 322,500 == 60.1

Good— 360- 400 POUNdS «eiiieveiiens taal Soybeans ..iciiveivererivennnne 84,000 23,000 0 1,293,000 1,296,000 + 0.2

400- 450 pounds : h 450- 500 pounds «eiiescniese. [email protected] Sources of above figures: Indianapolis Clearing House Association, Indianapolis Postoffice, City Building Commissioner, { Medium— Indianapolis Offce of State Employment Setirity Division, Pennsylvania Railroad, New York Central, Baltimore & Ohio, 250- 500 pounds [email protected]| Iilinois Central, Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Sladghter Pigs Water Co., Indlanapolit Rallways, Indiana Bell Telephone Co., Agriculture Mark®ting Service, Indianapolis Board of Trade,

[email protected] Center Township Trustee, Federal Reserve Bank of Chicago, Indianapolis Power & Light Co.

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The two condemned locations Armour il rmstrong were dry. Of the others, three are Art now commercidl producers of oil and gas, one contained 10,000 barrels of oil per acre but was not recoverable | 2% economically and the other failed | to turn out according to the meth-|J od’s predictions’ due to misinterpre- |; tation of data, Dr. Pirson said.

30,000 Wells Needed

Dr. Pirson estimated that 900,- of & Ar 2 000,000 barrels of crude oil will be 9% needed each year for the United States and the allied war machines, necessitating an increase of 250,000,000 to 730,000,000 barrels over the 1941 production if efvilian consumption is not to be curtailed. To meet the need, he said, “it will be necessary to drill at least 30,000 new wells in 1942” Dr. Pirson sald his method of prospecting is of additional military significance since it is capable of discovering stratigraphiz oil deposits. He said the British Air Min- “e istry has specified Pennsylvania cyrus Bre. + 1H grade lubricants for its services and + UE 7 pf.10 these lubricants are found in|Budd Nig pf.. ctratigraphié geologic traps which |Rufid vheel .-. may not be located effectively by geological or geophysical studies) su B pt... ste in the old method of prospect- Butte mY ing.

DAILY PRICE INDEX [Shi

NEW YORK, Jan. 8 (U. P)~— Dun & Bradstreet's daily weighted syrice index of 30 basic commodities, sompiled for United Press (1930-32 average equals 100): Yesterday «..essesccessreses 182.75) 50K Week Ago ences tbBItabERN. 150.48 Cent ry MON AOE «ovoveveissaseess 148.62|SCRE BTL YOAr Af0....cicocseesscsasass 122.29 ent RB

1041-42 High (Jan. 5, 1942) 152.75. Cerro & 1941-42 Low (Feb. 17) 123.08.

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Chalet = 3 st RHE ‘ aerof” Maafonal Aesoolbiion of Sevurives BY MORRIS PLAN 1100-1300 BRURGS inners 10GAS: GAINED IN 41 eke RT) Hy > b Pan Am AF a Only in a Few Instances Re y omwlth 3 pid ..oeeene per e¢ent annually, Howard M. BarRe Davis 2 x) Bou i Steers, Heifers Year Here. ind tydro, Elec, 70 Bed 1 Surplus was increased $100,000 [email protected] Indianapolis business ended 1041|{8GEIS Water ola a 'i¢ | Outstanding loans now approxi=

CATTLE = eh Slaughter Cattle & Vealers (Receipts, 3918) ) LOCAL ISSUES INTEREST IS P AlD Steers Monday, Jan. 5 i i ts Finance co Ine 00! vers § Ba 8 ov he pid. wrt The Indianapolis Morris Plan has n unds ... bee 3b as ¥ ros paid its 41st semi-annual interest san Am Arways . Ww payment, which is compounded at 3 baraffing Co .. 780-1100 pounds ram BReNN Paramt Piet ... 1 1100-1¥ pounds vies 100 11.95 com 1 1 2 pt. \ ak eT Wayne 7% ptd. § vil fhe Bi p Common. nds S000 Was 1940 a Better Assos Tel 3% pid 10 Gout, vice president, announced tobatino Mines . Vv. TO T80 pounds Lu. [email protected] jad Gen Serv 9% pid $8 ‘igy, |during 1941 and capital and surplus By ROGER BUDROW pls” PL, 54% Rares now total $300,000. Chotee= with large gains over the preced- Lodtt C2 «will mate $2,000,000 and savings exceed 750- 900 pounds ..... ceeenves 12.50918.50 ing year, in most instances. us bd a $1,800,000, During 1041 the Mors

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o! § 6% pid 9% 900 pounds ..coeesdiies 1030@1080 | Bank clearings and debits showed Pub Serv 7% ptd i Plan loaned approximately $3,500,-

MOI ds wvevereereise 8.50@1150 INCFOASES Of 21 and 26 per cent, puptSery ary’ Com «4 «+ #1000 to about 17,000 persons. Common. respectively, over 1040. Postoffice Se

500- 900 pounds Xr 7.500 9.80 receipts were 5 Uhuen. 7 0 . i LOCAL PRODUCE

per cent greater yen Gamp Milk com ........ Te dss than in 1940. Bonds . ringers, under 4% Ibs. Barted and Building permit rs Wins'w W RR 4%s.... hd Wh te ck, 16¢c; colored, 15¢; Leghorns, valuation, which s 81 00 . 9 RT n 5s 45 Heavy breed colored hens, 8 Ibs. and (Yearlings excluded) ON has declined late- 2-51 ... ... |over, full feathered, 18c; heavy breed hens, cod i.e sessersdeveaiies 9.50010.00 ENR 1 ly, ended the year § x i nde Bue full feathered, l6e¢; Leghorn TR , vers HER We with a 13 per cent (Somsol Fin 58 50. ig 18 | moasters ais bs. and over: Barred ang he A «gain over the pre= fiome ToS It 35 site grades, 3 cents less.) Cocks, 100, .

Ta how= nd Assoc Tel Co 3%s 70

Vealers hk 3 vious year, ndpls P&L 3%s 70 10 109 5g EuRs—Current receipts, 54 Ibs. and up,

Good and choles ....ciciveee \ ever. ndpls Common and medium " . dpls Water Co 3!28 «+4108 Graded Eggs—Grade A | : Gull : 7 The number of| Kokomo Water Works 5s 58... 4 i medium, 8c; ade A large. Jue; Grade

Feeder and Stocker Catile persons sppiyne Morris 5 & 8s 80... grade. + No. 1. OMe: No 3; 35% es bh s hy . ' Cc: 0 4, (Receipts, 571) for jobs rose 3 360; butterfa, No. 1, 34¢; No. 3, dic. ?

Steers Roger Budrow ... cont while the d los Bs 63 ix; Count om 5 ( n fi prices quoted by the

800- 800 pounds coavvveneen ALLO0 19.28 [number receiving jobs increased Wadley Co.

Pub Tele - se ¥ SERN WF 1050 pounds ..essssvivves d 1.9 arly 45 per cent. And a 38 per RICAmoRE Wo bo

00- DOULE .vssveriiies 100e1R cent decrease was shown in the) "sgx.dividend. u FOR JEWELRY

-1050 poun cesvervennaes 106 number of persons claiming unems-

m2 POURS wovcvuseneie 0.00010.35) ent compensation. 18 GENERAL MOTORS i Ic ’ ectric t early Gare rent sesier man in oto. el NAMES WAR AIDS| fl fo ra” 8 4

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Good per cent greate 500 Sounds dows ceevesene 115001380 number of passengers on the NEW YORK, Jan. 6 (U. P).— ” 4 WEST ARKET ST.

streetcar and bus system increased Calves (heifers) almost 7 per cent and the telephone Directors of General Motors Corp. Oe Soe 16.009 12.98 | COMPAny {noreased its installations have approved formation of a “war Nednim=" Shaan " 11 per cent. . emergency commit » charged with nds OWE ..ieiieevese 5.50810.00 ™ Livestock receipts in Indianapolis) Guteral-Niotoret’ come

SHEEP AND LAMBS were 8 per cent smaller than in 1040 while grain receipts were near- tribution to the war effort,” it was

ol my ly 28 per cent greater. announced today. INSU RANCE

Good and 13.95] When 1042 began there were 1604) 10014000 Brown, vice chairman Me dium and good 138 cases of relief in Center Township £41 & of direcks d (except life) Yearling Wethers as compared with 4587 at the be- of the board of directors and a vice president of the corporation, will

Good and choice 10.00410.2 041. DRERINEE «os svescrrrarevinnns §208'0.38 sinning of act as cliairman of: the PEW: coms Depsuiablts: coverage. ia Good and choles mittee. Other members will be Al- all forms of general inCommon and medium _.. BUILDERS MOVE fred P. Sloan Jr. board chairman; surance—-issued by some Net Charles E. Wilson, president; John of America’s best rated High Low Oloss Change Thomas Bmith, vice president and cOmuaniesceiS flab} 4 28%, PY =~ CONVENTION 4 general counsel; and vice presidents P " ere 16<16 118 +33 Albert Bradley, F. G. Donner, and through our insurance deWw oe Si 14% LH] 4% + %| The Associated General Oon-|o RE. Hunt. y partment. tv leat T 81 SIR SUA oor [iractors of America will hold its 23d annual convention here Feb. 16-18 WAGON WHEAT . “Fidelity

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BELL SYSTEM SETS NEW RECORD IN ’41

NEW YORK, Jan. 5 (U. P.) ~The American Telephone & Telegraph Co. today reported a record number of telephones in service in the Bell System at the end of 1941 following the largest annual increase in the

company’s history. At the end of 1941 there were approximately 18,840,000 telephones in service in the Bell System, the announcement said. That represented an increase for the year of 1361, 000 telephones compared with « the previous record gain of 950,000

stations registered in 1940. k Whe's Always There !

National defense must receive preference over F any private interest. Subject always to war's demands, Santa Fe will give its usual swift and dependable freight service. Store-door service applies to less carload 20" W a CHER RRL. traffic, without extra charge. Shippers, receiv- : a Cupane Os ers or their agents who may desire to perform _* theiy own pickup and delivery service will 3 "receive the regular tariff allowances. For full

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NO COMMISSION PROMPT SERVICE

Also other types of reat estate loans at low rates

BANKERS TRUST NY

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