Indianapolis Times, Indianapolis, Marion County, 16 March 1942 — Page 12
u. s. Corporations "Lost About $275,000,000 to Jap ie
awe By ROGER BUDROW
4 AMERICAN CORPORATIONS HAVE LOST many millions to the Japanese. The end is not yet in sight. From - Peking to Melbourne, Americans have invested about 500 million dollars in all kinds of business.
The biggest stake was
least 92 million dollars had been invested by 60 American This in€luded sugar and palm oil plantations,
companies. gas and electric utility plants ‘Almost as much was invested in China, around 90 million dollars. Most. of this was in Shanghai or $ Tientsin. .O i 1 was distributed to the interior of China from the seaboard in a very elaborate organization. T he National City bank and Chase National bank of New York had branches on ; ! Shanghai’s Bund Roger Budrow .;4 the American Express did a brisk freight business. Shanghai's telephone system was operated by International Telephone & Telegraph and its electricity system by American & Foreign Power. ‘Australia is a popular place for American capital, too. The big automobile manufacturers, General Motors and Ford, have assembly plants there. Wrigley was after the chewing gum business. Officeequipment manufacturers, movie Producers, oil and tire firms, farmmachinery makers were established there either to save freight by assembling on the spot or to hurdle tariff barriers. At the last count United States Had invested 70 million dollars in the Netherlands East Indies but since then the oil cognpanies have| gq, spent ‘much in‘ new high-octane gasoline refineries. These are prob“ably in ‘the hands of the Japs now if they weren't blown up. ‘ About $275,000,000 worth of American investment are supposed to have fallen into Japanese hands already. Companies with big invéstments in Australia, New Zealanfl and India have their fingers } 8 8 8 ‘HIDDEN PRICE increases that manufacturers and retailers don’t like to talk about, are bossiing the cost of living. A few examples: Content of some vitamin products has been halved, but the price is the same as before; buyers now get six yards | of certain gauze bandages at the same price 10 yards sold for before; one popular candy bar has been reduced in size but not price; bars serve smaller drinks, soda. fountains use less ice cream in malted milks, etc. These are scattered examples, but the office of price administration is worried about the cheapening of these and many other consumer items.
. s ” » ODDS AND ENDS: Higher brokerage commissions go into effect on the Chicago Stock Exchange today, following the lead of the N. Y. Stock Exchange. change is talking of raising rates also. . . . United Fruit Co. expects to plant 20,000 acres of abaca in|cC Panama and Coasta Rica in the next two years to help make-up for our. loss of manila hemp sources, due to the war- The abaca plant's fiber is used for producing hemp. .* + Britain may import more corn ‘shortly ‘(if ships are available) because of a decree increasing flour extraction, but which may bring a mill feed shortage unless imports ‘make it up. . . . There are trade rumors that this country will buy|M Brazil’s surplus cotton: on the condition that Brazil limits its production from now on.
MASSOTH T0 LEAVE
LOGAL ROA PLANT|e
‘W. Massoth, comptroller
pany’s new plant at Lancaster, Pa. "Friends of Mr. and Mrs. Massoth gave them a farewell party at the Indianapolis country club Saturday
53 8% i § ¥ g
et
FEEg
EEE
in the Philippines. There at
and many other enterprises.
HOG PRICES RISE 10 CENTS HERE
9500 Porkers Arrive
At Stockyards.
Hogs weighing more than 160 pounds sold 10 cents higher than Saturday at the Indianapolis stockyards today, the Agriculture Marketing Service reported. Lighter weights advanced 15. cents. The practical top was $13.50 but a few choice hogs sold at $13.55. Receipts included 2627 cattle, 605 calves, 9500 hogs and 1531 sheep.
———
HOGS (9500)
N. Y. Curb ExCull
| Pub. debt
(Barrows and Giits)
11.76 ME 40
300- 33 330- 360
: . 180. 300 pounds
Packing Sows Good and Choi 310 300 pound pounc eee 0: POUNAS soy veernines.
pounds
ssccvnssesne,
250- 500 pounds Slaughter Pigs
Medium and Re 90- 130 “pounds 0
CATTLE (2627) Slaughter Cattle & Calves St
Choice—
Asadenatinn 13
750 1180 OURAE +a vrensssnses 1106-1300 | Pounds Sessesatsvass 0 750-1100 pounds ..... . 3 Steers. Heifers & Mixed
BT %50 pounds . [email protected]
eee [email protected] Cliotpe... Heifers 750-900 POUNAS ..ccccvceece.
Gi
[email protected] 750- “Ses 00eRRRIeS » Mo 50 900 pounds 1 [email protected]
300-905 pounds $3299sevavie [email protected]
Bulls (all weights) (Yearlings excluded)
[email protected] 3 .s aa .26
CALVES (605)
Yeuiens (all weights) Good and choi
Feeder & Stocker Cattle & Calves Steers 00 55 800 pounds ............. 11.25@13. 800-1060 pPOUNAS ...ccoscvees 11 0S 00 800 pounds 10.50 \800-1050 atime 10:00Q11:58 25 Oo-1000 pounds ..c.ccc0nvenn. 500. 8.26@ 9.50 Calves (Steers) y Good and Choice— 500 pounds down Medium— 500 pounds down
Calves at
: 9.00011.50 (heifers)
$14. [email protected] | A
Tob [email protected] CR HELE 5 : Am Zinc
913.00
3
Assembly, line production of huge four-motored Consolidated B-24 bombers, called 1 company’s plant at San Diego, Cal. President Tom Girdler of Consolidated is automobile industry, is the first to apply this process of mass production of giant b
INEMPLOYMENT | RISES SHARPLY,
NEW YORK, March 16 (U. P.).— Conversion of industrial plants to war production and the lay-off of extra Christmas help resulted in a sharp rise in January unemployment figures, the National Industrial Conference Board, Inc. disclosed today. The board reported that the number of unemployed in January increased more than 1,000,000 to a total of 4,150,000, highest since last April, and compared with 8,026,000 in January last year and 10,000,000 in January two years ago.
was 50,872,000 against 51,851,000 in December and 46,556,000 la year earlier. The greatest rise in unemployment in January, the board said, came in trade, distribution and finance, with 623,000 laid off. Most of unethployed resulting from plant conversion was estimated from 300,000 to 500,000 persons. The only upswing in employment in January was in the agricultural occupations which absorbed 275,000 workers, the ‘board reported. Employment of hired hands was the greatest for any January since 1930
Acme Telephoto 7 She Battal No: sliawa. the “aircraft the airplane industry, XAther than the
NEW YORK STOCK
_ High Low
tah hh hb hh hh hh Re » 5
Seating . Ship Build 30
Sm i Stl Fates ae Am FE pr
PREREIRBBI>B
ac 14 ve Jason Hoe G i
4 4 4 4 4 4
s Pdr vistion "corp.
d Loco ct . 12% Bold L Ohio .. 3% alt &
Cn %
13%
, ne:
Callahan Zine, Calumet Campbell Sy Canada Dry ..
Cela
Ce ote; x a Es . 3% Cent \ Cerro Ae Pasco. a t 17
[email protected]| Chi Pneu T
[email protected] Gl Carbon
and Pholcs ~ Sous ‘SHEEP AND LAMBS (1531) Lambs : $11.50
eevsrsenenss 10.38 9.00
Yearlings Wethers Ang choice :
Good and ghotce Medium d good
Mediu Ewes (shorn)
and choice Common and Medium
U. S. STATEMEN T
WASHINGTON, March 16 (U. P.).—Government expenses and receipts for the current fiscal year through March 13, compared wiht 2 oar ago:
Expenses $18, 160. 735. TI. 28 War pod. 13,647,917,260.42 Nev der { STs ang 1 Cash Bai. 13 . 8 S66 eho de 445
3 234,079,286.67 4,165,974,103.45 3.718.801.8572. 3 1,793,3171,580.0 3338-433, ,336, 8 63.399, 12 ‘853, 70 46,3 7,640.6 Gold res. 22,709.505,569.73 22318; 708, 982. 16
INDIANAPOLIS CLEARING HOUSE 3,276,000
WAGON WHEAT ihe Sloss o She jcago. Market
diatape nd fai is pai Ah To or “bushel Tor Re heir merits i
ita) No. per bushel Yond
C iis
$7, ie Bt is Curti
Gong-Naim | ves ons Aircrft .. ons ar Cons Cons Edison
‘Cutler-Ham Davison Chem DaytonP&L pf Deere & Co ...
9%
3,729,000 | Dow oh
‘white shell 83e: Hy RY nS oat 54c, and No. PR
23% 110% 1m _
'YOU CAN $TILL GET GLASSES (RT ZUR 7 RII) Tre
¥
ti il nc too lat to gol nesded glasses on ‘eas ay Ite dave a Title ach wath No
p ca be "ig.
We trust you.
"OUR PRICES HAVE NOT GONE UP
STL REI eg
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id harge, no. co-signers. No extra cost or em-
fen I
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS est tsssccsntlanene 99.64 AEE IEEE) 102.09 eeteeeees 107.81 evrrrsersnaienens 1238.48 High (1941), 133.59; Low, 106.34. High (1942), 114.22; Low. 99.21. 20 RAILROADS
-0.09 -0.22 +0.01 +0.06
26.00 —0 26.52 .627.60 28.07 —0. 26.15. 24.55.
Saturday Month Ago escecssessnsenias YORr ABD ivue:esvrrsrnnans High (1942), 20.01; Low, High (1941), 30.88; Low,
15 UTILITIES Saturday . ......... Week ARO ....co00vceevenes Month Ago .. Year Ago High (1942), . High (1941),
11.98 12.43 13.90 19.70 11.95. 13.51.
14.08; Low, 20.65; Low,
Net Last Change cen “ese
High Dow Ys be 5% 5% wo . 30%
Equit Bldg .. Erie ct oe seen
fair Morse .
lintkote 7 Insbe St cvpf 34'2 Poster Wheel . 113% pt-Sul
FUELLED Sd
fr ou. PE
I++1++] 0:
Jewel Tea Johns-Man Jones & Leh . -
21% 21% . 89 58% 21% 21%
a Ealamzoo S&F. $5 Kayser Jul ..
ey-Hayes A 13% IR JB
f£.
++
shi + FL HE
irre 5 Kresge
Leh P Cem .... Leh V Coal 1% Leh Ve Coal pf. 134 Lehn & Fink... 12% L-O-F Glass .. 213% Libby McN&L . 4
THIS CURIOUS WORLD
20 1% 11% 12% 21% 4
and more workers not likely to be affected by the draft were employed than at any other time in the past 20 years..
LOCAL ISSUES
wnteof al Jue otations A by tel
Stocks
UoTA TIONS
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songs ssa “f
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4se: Ba iDance Co 0. Ihe. pide: 3 Sob Herr ds pid .. | Sh
ahha Merri chet, i pid"! Hook Dru
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Std Oil Ind .. Std Oil NJ ... Sterl Prod .... 4 Stew-War .. Stone & Web... Studel ndebaker oe
fot por UWL D
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ERS + HHL
SFR 4 Ee >i ES Er 6.00 10
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= >
SR%a [1++++: +1
d Gen sesees106 pins r P&L 55% pid’ esses 3B Ind com ivesssnees 13% Indpls Water 5% pfd ms GE Ae ER pid | 8 a sere Line a te Ins com
-- * byeves i bop Sa
t & CO ... Swift Intl
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8 Des a FREER
[exas Co roxas Sul eX rove ex PC&O .... rex Pac LT . exas
“0
tel
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merica . 4 [rans& West Alr 3" [rans & Wms
=
. . . . .
Van Camp Van Camp
x’
[ruax Tra 20th Cent-Fox. Twin CRT pf
Un Aircraft pf 9675 Und Ell Fish . 30%
Ml ccesvnees
Bonds Algers Wins'w W RR 4%s ... Ber] 58 51 %
.e . = FF ne FERRER >>
B&P Carb ... 61 Ly El M 4%pf’ 102%2 Un El M 5 nn 110% Un Ol Un Pacific .... e Un Tank
Union er 448 4. nion dg Co 4%s 51 . ns Te 4 4Yas a Grabb-Re, ojds-Ta Jor Home &T Ft Yne
Nabco L Co .. Nash-Kelv .... Nat Bis ...... Nat Bnd&Sh .. Nat Gash RegNat intiller . Nat Dist ers .
.
-
PH LE
] fo fomo 0 Waist” tuhner a
sis
i or Set : be var 8 il, b Sery of Tad is 69 108%
ah Water Works 6s 57.105
1+ +++]
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NY C NYC pf N Nusa
++: »
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LHL HHH
SEs
Univ Leaf T ..
Vick Chem Vultee Alreraft..
: CHICAoE LIVESTOCK
5—11,000; Market opened strong to higher; ostly 10 Yo 13
Ohio : Oil Omnibus .
Ot Otis Ot
++: d
I +: 2
38 33 8%
cents
|:
=
Pac Am Fish . Pac Coast
+1 TREE OF SE ses SRResrs Pago 3 = i
wg RL other grades slow, s steer n; - Ry 50; ne choice “otrerings, $13.40; %0 down; ative] ne steady; most ‘tat oc COWS, $8.5000 35 5; cutt aE Me hs disse “ 7 and vea alors steady: ulls odd heads, § 16.60.
5 down: Fall cattle dy “at 200-
No early trading on fat I bids unevenly lower Ges $11.75
at outside ds price;
Eo SEs
et
REE
Ee il Ri of B
he ot 11
Pepsi-Cola hss en E i Ee Mat pr pt: 3 > 4 weer is & Co. :
hila Co 6 Pf n Morris .
ore,
+ HH HH Elen LH +
=
wei
bie
onlwor ve Jorthington oe Tigicy
Total employment for January}
Retail Sut Eight Per Ce
WASHINGTON, March 16 ~The average family’s Tou,
Bs one-half of one per cent. tween mid-January and‘ mid-F ruary, led by higher pork, larg, f tato and sugar prices, the department reported today.
‘The: ' increase was gene
throughout the country with 45 the 51 cities covered in the reporting higher retail food pric the department said. J
The: department’s index of
food costs on Feb. 17 was at 116 per cent of the 1935-39 average,
per cent higher than in February, 1941, and 25 per cent above pre-war levels. REA During the last half of February, not covered in the index, prelimi nary reports indicated further sube stantial advances for fresh pork,
Pas ovat of sgt: to' tie erdinap
household jumped 8 per cent from
mid-January - to - mid-February due largely to higher per pound prices charged for small packages now being sold at grocery stores, the dee
partment said.
STOCKS: RALLY ON TEGHNIGAL GROUNDS
NEW York, March 16 (U. P.) == The stock market rallied in afters noon trading today after an early
decline. Trading was light. Bethlehem Steel rose a point to
60 and U, 8. Steel firmed fractione ally. Chrysler made up a small loss and General Motors. gained nearly a point. American Telephone 198) jumped 1% to 120. Union Carbide was up 1% at 61% and Du Pont up 2 at 110, Westinghouse Electrie gained nearly a point. Railroad = issues came back ‘to around the previous close afterearly irregularity. = Chesapeake & Ohio, ; a laggard, made a new low at 28% off 5%. Copper shares were up frace a tionally. Aircrafts were firm. Loew's was strong. There was nothing in the news of market importance. The rise, therefore, was ascribed to technical conditions. Some leading issues are sald to have a sizeable short ine terest and covering develops each time selling dries up.
GRAIN PRICES TURN LOWER ‘AT CHICAGO
CHICAGO, March 16 (U.P.).~= Weakness in the rye market and pessimism over the ‘war news come bined to send grain futures frace
tionally lower in early dealings on 1, |the Board of Trade today.
At the end of the first hour, Wheat; | was off % to 1 cent a bushel; corn off 5% to %; oats off % to %; rye ~|off 1% to 1%, and soybeans off % Light liquidation. and stop-loss selling carried rye futures off nearly 2 cents a bushel without attracting °F any sizeable buying interest. Other
tigrains eased under light pressure
inspired by heaviness in the stock
1 market, continued unfavorable war * - 1 news and the weakness in rye,
‘| OTHER LIVESTOCK
March 16 18, RP). F.0 160-130" eh 3300 30 Bo
Se we = ~4
Jovani Rh steady or aroun
around $3 up for Lam
tH HEEL ody »
we
=
+ Hit 10
| = ¥
LOCAL PRODUCE
whliingers, under 4% Ibs, Barred and
a
+d;
ure 0. 5 Purity Bak.
17c; colored, 15c:. Leghorns, vy breed colored hens, full feathered.
19¢; Leghorn hens, Roasters, Rock: 19c lbs. abiored. Ho "a" q
s+ *
sl HL
REE,
hie cents less. ks, oe 3 en t recel Tecainis. "84 lis. and up.
24. Graded a; Grade large 8c: Grade A medium, 5c; 38a A small, 3% 360
SPECIAL =. odds & Ends &
KINNEY S
138 E. WASHINGTON ST. SAXOPHONE
Instruction iq.
INDIANA MUSIC CO. 115 E. Ohio St. — LI-4088
USE YOUR CREDIT at VIO ISHSIINES
n 3 fer ge sTh@sse: No 36 Soe. {Co the
ee Duttortas, No. i 33c; No iGountzy “pickup b auoted by
few: 38 8 Jose ead": 2 18 Ys
Be ge Arms © Scott Pap .. . Scott Pap 4 oF Bh Seabd Alr . 7 Sears
IHSAA
BASKETBALL
Tet SR x
+30 L1H 4: RE EEE
+
th Ry 16 South Ry pf... 30%
oy Wiliam |
A STREAM WiLL FLOW FASTER THAN ONE THAT IS CLEAR /
THE SEDIMENT DEPRESSES THE TURBULENCE.
LOADED WiTty SEOIMENT
FINALS
ARTA TY SLA " ¥ A OZR COMPANY
CLOTHING
Better Fur Coats For Less Money
The Home of TAILOR-SHOP CLOTHES Beady- Ton Weaning. Stothes =) ped : LEON TAILORING 00.
235 Mass Ave. “the Firs Block :
WHILE THE REST OF THE TOWN SLEEPS
BE THERE WITH
WE Buy Diamonds
HIGHEST AS PRICES
(ITs CIE Ge
corn, 1942 SY NEA SERVICE, WG.
STANLEY Jewelry Co.
113 W. Wash. Lincolp Hotel Bldg.
0 TONY HINKLE . BILL FOX
* WALLY WIDDLESWORTH]
TIRE LIFE EXTENSION
GOODYEAR
Service Store Delaware at Walnut RI-~1436
Make Woodworking Your Hobby. DELTA MOTOR DRIVEN TOOLS Exclusively at VONNEGUT'S
Ae
DURING THE HIME
ces,
DM | hi
(RANT
Cu i hd
5 Hl