Indianapolis Times, Indianapolis, Marion County, 17 March 1942 — Page 16

olis Business Sul By UNITED PRESS > Week Last Week DOW-JONES STOCK AVERAGES _— -. Before A Year Ago

’ — pov Test oft 30 INDUSTRIALS Van_Raalte . : shes ) ; Bank Clearings Ch caasanussta rene S30 5 > ao $24,902,000 fis ? st i of qe Ye + 1% Yesterday seer sssuesnesenses 100.68 Ya-Cato Ch 5: i Bank Debits a abeers sebdr tees $73,389,000 $63,549,000

Week AZO ,....coeeveocsesss 101.49 ” |Top Declines to $13.40. a5 Pun Pent or

mk of He sith MONth AZO ...covdourensesss 105.40 ii he : 2° i = 1 g yon ARO 'sopeessaiaeavreays 92 $344,740 $304,430 ‘ fins . 9-33 , 9 on High, 1942, 114.22; Low, 99.21. : p n "Arrive t ‘Houses $2000000000000000000000 $321,050 A - $58,800 9700 Hogs : Apartments sssessecncssesssecss

Allesn -&F J in High, 1041, 183.50; Lew, 106.34. , S358 Fas At Stockyards. ' BUSES vx reverariyresprnes $13,000 $11,050

Allogh £2a"8 . . Allen Indust * Shesnvsmnnnas ing Declines. Ais { Sicres 1:28 pith 8 Am . i A 10-cent reduction in the price . Public Seite sessssensensenenees 0. i 0 Many Indianapolis business in of hogs weighing ‘more than 160 Repairs & Alterations ......... * $8,780 pounds waa, gade i. SEaging at the Applied B02. JOBS... vs x: sorennnss

[+14 + +++ SEs & sees “N

Month ‘Ago .. Year Ago . High, 1942, 29.015 Low, 26.00, : High, 1941, 30.88; Low, 24.25.

15 UTILITIES Yesterday ....ceocanscenness Week Ago ....cic0 . Month Ago .....eec0es High, 1942. 14.94; Low, 11.95. High, 1941, 20.65; Low, 13.51.

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showed decreases during Feb-| although some made increases, EE diganuiis Sumi: Filed Unemployment Claims ....... The. top was: $1340 for good to Inbound Sesser settee RItRsORteS 4,639 choice 200 to 210 pounders but a Outbound ...........vees000m00s 3 3,002 few sold at $1345. Receipts In| Electricity Output (kwh) .......... 15355000 15,384,000 cluded 2091 cattle, 520 calves, 9700| Water Pumpage (gallons) .........232,970,000 236,770,000 hogs and 376 sheep. Streetcar Passengers (March 8) .... 1815333 1,717,508 HOGS (9700) Telephones In Use (March 12) ..... +166 102,272 Zonta Rad ... hy 8. 1. ania) "| Livestock Receipts (head) ......... 50,924 542,395 we ser {Barzows aug CRUISE 3ioeenressavensorinisens 6.415 58,722

y x - 1 poun ' : Calves $ers0se00000000000000000, . 2,500 23,470 Te 2. : ICC REFUSES 0PA Fone cae be if 3.45 Hogs “esses essntcserenesseteee 36,099 20% 387,484 > 200- 220 1 . . ‘40 Sheep esssesesisssesressUsatee + 5,910 72,719 FREIGHT REQUEST 340: 310 bounds ......ie... 133961333] Grain Receipts (bushels) o.:....... 95000 512000 6,428,600 ELL 300 330 POUDAS +osneesarens 13 2 Corn Gs tiiedini 701,000 351,000 5,303,500 Loot na cuveee : 13 WASHINGTON, March : 17 (U. — F ue = . : Wheat 80000000 RT ERROR ORIRNITS 60,000 69,000 302,600 ’ Mo P) —All freight rate increases 1 ! 4 Oats 0000000000000 0000000000000 y 176,000 8,000 740,000 MacAng or . 0 authorized by the interstate com- olce— Rye 00s B NNR RRRNRNNS 9,000 0 15,000 an merce commission a fortnight ago Fig pounds ..........:: 18 Hag SOYDEANS «rvvvesrassseransesees 14000 © 9,000 14,000 67,500 3.10)

become effective tomorrow despite] 360- 400 pounds ....eecc.eese 12 J ’ ccessf tem! Good 8 tf above res: Indianapolis Clearing Hcuse Association, Indianapolis Postoffice, City Building Commissioner, an unsik UW. last-hour at pt 300- 730 pounds « sesss sess 33 33 Indi “office of State Employment Security Division, Pennsylvania Railroad, New York Central, Baltimore & Ohie, by the office of price administration ein ids BE El enionse. Indian porle. aad Loursiille (Monon) s Nev Fork: Chicass & St. Louis (Nickel Plately Tadiananella to postpone their application to 450: $00 Pounds Tees Ren nie 14 Water Co., Indianapolis Railways, Indiana Bell Telephoae Co. Agriculture Marketing Service, Indianapolis Board of Trade,

some commodities. Modi oun a». eres. [email protected] Center Township Trustee, Federal Reserve Bank of Chicago, Indianapolis Power & Light Co. The OPA filed a petition with the Slaueiter Pies

oe hy deo “SEE, ween BENDIX APPLIANCE | LOCAL ISSUES IGGAR BEET WAGES

increases as they applied to 10 com-

modities. Its purpose was to per- Slaughter Cattle & Calves , unit of National Association of Securities is 3 : of mit time in which the OPA might Steers PROFITS REDUGED Dealers. a INCREASED BY U, S,

seek independently from the rail- Bo %00 pounds eeececcnns 34 [email protected] Agents Pinance Co Inc com .. 1% , un [LLL ai SOUTH BEND, Ind, March 17/8ek'ReSik'Vas'com "0.1 88 111 | WASHINGTON, March 17 (U.

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Industrial employment, however, was above January and February, 1940. The number of telephones, water accounts and gas meters again increased, continuing the upward trend shown by these utilities. : Gl 13 13 Both township and WPA relief gous Del pt pt ag 19% declined from January and from Armour. Tl Pog «82, ais February last year. Job insurance |fiso nv P 3 benefit claims filed decreased from|4ichison of .... 891 Hr aang os iw J808 Atlas Bar pt li113% 113 Atl ~ \viation Corp. 3% 3% worn eee Bald 255 ct... . 12% 1% Balt & Ohio ... 3% 3 Balt & O Bangor &

rber fe hai’ 7 Barnsdal P i * 18%

Bath Ir Wks. ING PLANNED BE ad Tein 1 Ben 1nd Loan. 12 MEET Beth Steel 61% A Iabiop-mariagemiern} eating, Bile & Laush'n i sponsored by the war production . hoard, will be held at the Indiana |Bo Ex War Memorial here Friday. About 400 representatives of both labor and management from prime con- Bruns-Bal tract plants making guns, ‘planes, tanks and machine tools are expected. Butler Bros .,. A. E. Sinclair, P. R. Mallory per- Hubler Bros of. sonnel exequtive, will represent |Byron Jackson management. George H. Palmbeck will represent the A. F. of L. and|Sallahan Zine . Alexander Kellenbenz will repre- g sent the C. I. O. The latter two are with the WPB’s labor division. Eetmiese. a To. HH Cat 7 ‘explain how the objectives outlined Celanese” 2 i ih 8 «+o: | Nehi 5 by President Roosevelt Feb. 27,|Ceiotex . .. r tr * 3% | Newmt' Mining. 27 : Cent WLLEpt' ol 91 ' of NeWpt News Sh 8 Cen 3s 3s Vs ’ Y Air B .

Se Te Pasco 201, Certain-td 6 pt 261; Tes &Ohio. .

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900 roads an agreement to exempt the| 100-1300 Bound :.. rs wessesns sess is t RR Stk Yds com

commodities entirely. 1300 100 JOURS «esenessesssy HMGING (U. P.).—Sales of Bendix Home Ap- | Bois, FE Stk, Yds vid d iit |P).~Minimum rates to be paid la-

: DS: m ’ The petition was dismissed with-| 750- 900 ssn 1300@1400| pliances, Inc., for 1941 rose sharply [Circe spel Wh 28 lo. borers for early season work onthe

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L C out comment by the ICC yesterday, |,590-1300 Pounds estates 13.80 “Comwith Loan 8% pid 1... on hours hd protests had been 1300-1500 DERAS Sr irrrrreren Smale over 1940, but increased taxes and Hook Drug © oun 12 1 1942 sugar beet crop have been set filed by raliroads and the American ih 1 Pounds pp RY i 13.00 | extraordinary" obsolescence charge- Ind Asscg, Te r= Lao]e8 105 fat approximately 22 per cent above Trucking Association, Inc, Gommon— [email protected] offs cut net earnings, the company ndols Bods Es com : “i31. | the 1941 rates, the U. S. department The OPA said it was. studying the DOs ors & Miaed disclosed today. wa nd Gen Se Ser Ea ie dj of agriculture announced yesterday. dismissal in an effort to determine cy q, Net profit last year amoun Idols: Pa pI Producers who. apply for. benefit whether any other action might be| 500-7 “T50 DOUAS ......eenues 12.50813.80 $174,904 compared with $526,612 in Indols Water Se old ’ ents under the s act must taken to obtain ‘the exemptions. Good-. «ees. [email protected](1940. Earnings were after provi- Lincoln in Loan yy oid .... paym ugar Officials said they could make no : it sion of $500,000 for taxes and con- N N ind Eub Serv 8 8h of nfd pay at least the mifiimum rates. further comment. Tho 00 pOUNdS ..s..eoesee. 12.50013.50| tingencies and itso of $260,310 Ind Pub Se: Serv in’ dee 91 Tne. increases Tange : from, $2 to ay - 48 ...esessesees [email protected]( for extraordinary obsolescence, Pies: Laundry co a 1? 88 per acre over rates. HarMedium Ry Sous President J. S. Sayre explained to Pub Serv of ind In 3 vesting rates will be issued later.

MW ARTHUR NEWS Common oy Bods sss sine SAGER stockholders that because of the |gr 0 a : give The minimum rates for block

BU ots vi °° forthcoming stoppage of normal |VS8 game iE 514 ii § i |mé, thinning and hoeing range

Good .... 8. .50| production “your management de- Bonds from $8.50 in Washington to $13.50 BOLSTERS Magium ‘ 3-332 313| termined that certain of the patents, ers wins'w W RR 4% ... _ |in Onio, Michigan, Indiana and 6.000 7.2% and other assets of the company |American Loan 8s 5 i Wisconsin.

NEW YORK, March 17 (U.P)~— Bulls (all weights) had or would in the near future |Cent Newspaper 4%s 43-81 ©

intment of Gen. Douglas Mac- (Yearlings excluded) therefore de- |Sh,2f com Bide cs 442s 51 . : ps to the supreme command in| Good +.......ccoeeerngessss. [email protected] goss S img Th the |COBEOl Fin 58 80... - ii & SUES TO PREVENT a | BE, arts JER or merastion en” these Fi 5° FRI St 1 OTIS STEEL SALE a - 8.000 9 ms.” es : . ia DY at volume, a 1 to 4=point spurt ; CALVES (520) i he disclosed that Bendix home i Is aye iy e1 | 73 CLEVELAND, March 17 (U. P.) ~~ in Australian bonds, and higher Vealers (all weights) laundry sales last year amounted to|K k ve ... |A suit was filed in Common Pleas prices for grains, Good and CHOICE .....xe uss. 0016.00 $7,882,056 against $5,319,152 in 1940, | Subner Packing Co #}4s 48 .. 99 court Yesterday. by Mrs; JeangerR, Stocks had gains ranging to Common and medium [email protected]| o jee of 48 per cent. Muncle Water Works &s €5 [joa | aa nb —— —

than a point in the main list. has received |N Ind Tel 42s 5s . ia more po! Feeder & Stocker Cattle & Calves The company already has Naang, Te 8 Tag 2 joss sale of. Otis Steel Co. Clev d. to

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hi Pneu T 165; Bryaior o i TRANSFERS WALDO ty, Stores Voss 54% ark Eq 33 Climax Moly Co 34 R. E. Waldo, head of labor rela-|goca-Soia 4 ons and administrator of war pro-| Colgate F-

i 1274 ‘duction contracts at General Mo-{Col Fuel & Ir 133 Otis bus : tors’ Guide Lamp division at Ander-| SS! Broadcast a 5 } Otis Steel In somé instances, advances were Steers two government contracts for war |Pub Tel 4

“eis a 3 n, will direct all -|Col Gas pf .... Otis Sel ev 1 fit 56% %las much as 4 points in the case GROSS [unas .... . [email protected]| work, Mr, Sayre said, and others|Hnmgnd Vater Works 5s 87108 ... |jones & Laughlin Steel Corp. of tions for G M ’s re ooraenfl Com Sav Tr i pc. Const L pram of International Business Machines, 300-1080 ‘bounds "1: - [email protected]| ore expected. He said that the|U S$ Machine Corp 5s 51 190 | Pittsburgh. vision, it was announced today. Com Bo iio Pac Coast 3 1% which responded to a favorable 00-100 cr ee 13:30211-82| company’s plant facilities are being Judge Adrian G. Newcomb set ‘Mr. Waldo, a native of Lapel, Somwlt p & So. 1-8 Pac go Finance... 0 earnings report. Recently « weak rod oe am adapted to handle the contracts. D AILY PRICE INDEX tomorrow for hearing. Mrs. Daus Ind, joined General Motors in 1926 Cons Atreraft ' 19% ac Tin Cons, 0 1s chemical issues made recoveries Sho. 0 POURdS ..cucoununess 9.35010.50 m—————— charged that Otis preferred stock. Sos ranging to 4 points in Monsanto, 500- ¥00 pounds . 83a 9% LOCAL PRODUCE NEW YORK, March 17 (U. P.).— holders would receive only $55 value

hen he started working for Delco Pan A Airways i rabeine a Ls ort Walle veoh Remy in Anderson. In 1933 he was Parke TIICH + Dun & Bradstreet’s daily weighted [in J. stock for their $105 in ‘transferred to Guide Lamp as di- i Chrysler and Santa Fe made new, 300% SG own ........... 11.50013.80 | qo per der A ed so fad sand ich inBdiiof 30° bate odities:| value in Otis stock. _visional comptroller. Pat, highs. Gains of more .thah a point|Medium— . swohse BG on ty bree colored hens, ful feathered p ] : comm h : Howard Earl, purchasing agent|§ Penn were made by Sears Roebuck, Texas| °° pounds Sova Mire e “ 19e: rn hens, 14c. compiled for United Press (1930-32 and production manager for Guide Cont Mot Co. and Westinghouse Electric. Good and Chojce— phonsiers. 4 os .,a04 over; Barred and average equals 100): ‘Lamp, will take over Mr. Waldo’s Steel shares had gains ranging to| 500 pounds down . -35| grades, 3 cent ta less. Socks, 5d0%, aiid ‘op Yesterday ....ce.cececeeseees 155.26 work in labor relations and per-|S3R Pio nearly a point in Bethlehem. Oils; 500 . 128 240°" "| Week ABO ....ccceeneenenss. 156.31 nnel. Harry Nelson will assume followed Texas Corp. higher. An Gone En asc ue ha 'ar8e; 305: [Month AGO ....c.iieieeeaces 155.42 ‘the administration of all war pro=- ® [improved tone was noted in airline Lambs no_grade, se. he; x 200 Year ABO: ..... vs: cssesannss 131.38 duction contracts. utter} © 0:

3% @ 2 ; - ; ; a 0. 3, 8 1942 High (Jan. 26)...e+e... 155.89 shares. Coppers, utilities, amuse fied Sud_cholce : : wisi shar No.2 80c. ha w G an ne

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to the trend, lost more than a point. Sieofum™ choice .

| AMERICAN AIRLINES (5s

CHICAGO LIVESTOCK

ATTACKS CAB ORDER) iz. 2 srs: IAIN | A Convenient WATER Supply

‘ ‘$13. oh Purity OBax .~ NEW YORK, March 17 (U. P.) — 13. 55; 8g00d SOWS oles - = Nb, $12 $i 12.90

: 25. a ; : Em —Q C. R. Smith, president of American e—7000: Calves—1000; Fed steers i : Bt Roadie 20% is Airlines, Inc, today termed as “un-| sod, ios Sill te sishe BY 0 eips mornersfon Mtg... 28% Bade fair, unreasonable and unjust” the| choice 1405 Ibs, steers sto dat $1840: 0 5

action of the civil aeronautics board | {hice yearlings, $15 5.35; ¢ bulk run aie hese : - or i. reducing mal aie Shrges by fod JE hE Arn | Get Teeth Brushed: the company. [email protected]; and beef cows |: 3 The CAB order, he charged, was| 5" a8 atx weighty out 1 not in keeping either with the pur- 5. $10.30 Weak: Welgniy Soutage pose of the civil aeronautics act|$1s 350 down. vat Man av: iab lanibs or its appropriate provisions. Mail] about stead ‘with Friday. ‘few choice rates heretofore paid American Air-| 94-98 1b io 3s THe alk du Ko! Ethel nd lines “were originally established by 08 thn, $1 65: cholc rn the interstate commerce commis-|s7.50 dow Wr fat sion,” he pointed out. -98 1 Se $12.25; “American Airlines, Inc. began ii bulk good a and + choice Bris ibs, businesss on May 13, 1934,” Mr.|and 3g13: fat Smith said. “From that date to Nov.|!0t Dative ewes, $7.50 30, 1941, the net income of the company from all sources was $3903272 OTHER LIVESTOCK The civil aeronautics board, in its A SINCINATL, dh ong P. Sha a order, proposes that the government jor good 38ais. Gice 0:38 1 De -1 recover $3,815,856 of the amount|s$13.15: medi good 150-160 hss is 13) 50; paid to the company during that|l00:110 Ibs. $11; 15 food L sows, NLIs@13, Dp 5h Erle gE Ni board, as we interpret it, orl ie i Rf, hafters i common and medium that substantially the total on “lightweight canners to $850 ings of the company be expropri Sig mediin pubis. $i0/10: ith ated, that the future revenue for | 10:4 Nar ol the transportation of mail be -re- owlls, $8.30 down. duced approximately 47 per cent, Shep Go.” Blarket, siendy: com gmmen : and that the company continue to wes 104.50; good and choice lambs to render the same postal service at], in ANE: Ma Ihr (U. ; Silas So the reduced basis of compensation. $13.15; 160 = $id: All of this, too, In a period of in-|380 Ibs 13: deo se | 12.95: creasing war requirements and rap- (ibs. $13.33: 333-73 Ibs 13.08: Bi i idly increasing costs. : ; 0.130 ds. si 8. yor

GRAIN PRICES TURN [=== HIGHER AT CHICAGO

CHICAGO, March 17 (U. P).— Grain futures developed a firm

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