Indianapolis Times, Indianapolis, Marion County, 2 April 1942 — Page 10
PAGE Wn
BUSINESS
Profits of 2540 Firms
Up 20 Per Cent in ‘41 ——— By ROGER BURROW CORPORATION PROFITS
went up on an average of 20|im That ig|3l the figure the National City |
per cent last year.
Bank of New York arrived at.
after totaling reports from |; Al
2540 companies. The average return on capital and
surplus was 9.2 per cent against 7.8/3
per cent in 1940. Transportation firms did the
best,
boom, earnings 152 cent.
per |
did well too, in-| creasing profits 30] per cent
A Food product A
manufacturers (as indicated by Roger Budrow siokely Bros. report yesterday) are making money, having boosted their profits nearly 1V per cent. | Finance companies, including | banks, reported their profits went) down 8.3 per cent in spite of the| fact that real estate companies more than doubled their earnings. Real” earnings of industrial workers rose almost 20 per cent in the s of this year, accord-
< »
28 months the Conference Board. “Real ings, what you are actually able , are figured by putting wages against the cost of living. = = = GOLD AND SILVER are no longer the precious metals. They have taken a back seat to copper, lead, iron, gine and others. Thus some gold and silver mines, unable te get wery good priorities | on supplies, are in need of electrical machinery, tool steel and rubber. fronical part is that the only reason such mines do get these | supplies is that in mining gold | and silver, some copper, lead and gine are found alongside—in the “poorer” mines. Thus the “poorer” mines get the breaks while the “richer” ones, such as the fabulous Homestake, are just regarded as nuisances.
$: & 8 ONE RAILROAD is frankly pessimistic about the Supsiiuve materials it forced to use because of the | & war. Atchison, Topeka & Santa Fe President E. Engel inferior” substit operating efficiency, tenance costs = ODDS AND ENDS: n is turning Fleischm
tinfoi LINK
iS
y
3 Says
Mas ia
A out 1000 chines a ¢ will switch from paper Wrapping, saving 237.000 pounds of tinfoil a year, . Shoe | rationing being discussed, but} is regarded as months away. Caraway and poppy seeds for bread an
to
is
Poland, Goodrich thread now, Those eil up Sumatra were property of Socony-| Co., the annual report]
are growing
< ia
rubber claims it is th first. ads
Dutch
me ostly
blew in the Qil
ALS EY ww Jacuum
discloses
D. \ILY PRICE INDEX |
NEW YORK. April WU. PD) — Dun & Bradstreet’s daily weighted | 5 price index of 30 pasic commodities, | compiled for United Press (1830-32ip average equals 100): Yesterday Week ago Month Year 1942 } 1942
“ <
157.24 ago 155.29 go ¢ igh (March 30), 137.50 low (Jan. 2). 15154
BELL OFFICER TO RETIRE NEW YORK, April 2 (U. P) — James W. Bancker, who 50 years| ago started with Western Electric | Co. as a $3.50-a-week office boy. will | today retire from that company as | director and vice president in aecordance with the Bell system age rule
chiefly be- | cause of the rail-|Ar road and busjay boosting am The con. | : struction industry |)
| Can
Comw Edison . ute metals mean less| Eon
# n- < greater mai [Sons Shen ¢
Machine tool ma- | nn Yeast Cont wax | eon Sopeld Steel
Corn Ex Bnk 1Co m
| Coty once imported from Holland |g scarce. | ¢ . sa 2 is making synthetic|«
refineries the ie
120.93 E
| Frueha Wh bf
NEW YORK STOCKS
By UNITED PRESS
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er
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Hog Prices Reach $13.80,
Kalamazoo S&F
. Kennecott
Rub ‘ : Leh Pp Cem ..
| Nabeeo
& Pa¢ Am Fish ..
DOW-JONES STOCK AVERAGES s MVNA
cetheiLbhrEeenn
Ceeetiiiieetes 10105
10.42 —h.A3 —i A 41.22 High, 1942, 114.9%; Low, 99.21, High, 1941, 138.59; Lew, 106.34,
20 RAILROADS
High, 1812, 28.01: Low, 20.8%. High, 1901 30.88: Low, 24.25. 18 UTILITIES ee 1188
High. 1942, 14 ot; Tow, 11.492 High, 1941, 20.85; Low, 18.51.
Net High Low Last Change G—
20 ‘a ul 2414
29
1s
A
3
mewell Co Sar ‘Wood 1nd Gen _Bak pf.. Gen Toh en Gen G EA. | 13-18 Gen Nile p! 1% Gen rs Gen Motors vE.122% Gen Ink Ge Refract A
gen Thire i. 1% T&R Ji
+
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Highest Here in 16 Years
Hog prices
to the Ble The 20-c¢ ad made in “the face weights were up a 220 to 230-peounders
nt
y
light
A total of 805 salable cattle were received.
sheep were received
HOGS (6101)
Pt ok ht pk ph ph pt oct AD Ca¥ 8 AP AB AB SD CD Np po wh BPRS SA HANAN ASV JA ft Jt ort pk kt pu Lob Cub Cob Cl Ca Ca a C9 49 KS ATPL =f PN SERBLBITLB
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5013.63
404 13.30 |
13 i 13 12734 13.15 |
um and C
- 120 ay
CATTLE (803) Slaughter Cattle & Calves
KS
200-1100 { 1100-1300 1300-1300 Good —~ 130- 200 pounds 200-1100 pounds 1100-1300 por ands 1300. 1500 pounds Medty T30- 1100 iy 3s 1100- 130 pou Com 20.1100 pounds Steers Heifers & Mixed Chotce-
S00- 150 pounds ............0 12T3Q18TS .- a
pounds
HAH DOG
BE RIGGS we n 32
©
Lo
800- 150 pounds ......... Heifers
Caiaenen snenul S00 pounds ...ececcececs LTS@LATS
ice on hogs weighing more than 180 pounds, receipts, dime from yesterday.
| Good "| Co mm hy and Medium
today broke all records established in the past 16 years ER when an advance of 20 cents pushed the top price to $13.80, according | hi ulture NN ung adminis
tration was Lighter The top was paid on choice
reported at 6101 head.
526 calves and 1017
Medium 300- 200 pounds Common — 300- S00 pounds Cows (all welghts) Good
common
Bulls (all weights) (Yearlings excluded)
and
dium Cutter and common CALVES (528)
Vealers tall weights) and choice
Cu . . Feeder & Stocker Cattle & Calves
Chotee300- 0 po 800-1030 pounds “hen Good - 300- 800 pounds ... $00-1030 pounds Medivm— 300-1000 } pounds la Common 300. 0 pounds Calves (Steers) Good and Chotce— 800 pounds down Medium S00 pounds down ....
Jalves (heifers)
Good and Chotce— $00 pounds down
Sanat eeaa
Ceasar Raa
[email protected] [email protected] (ae1y)
| CRIES tig a!
300 Naunds down SHEEP AND D Aa ups
ss HE ALL RRR EY}
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[email protected] Sauare D [email protected] (St
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STOCKS ARE AIDED
«lof the session as the market ene
3 el:
+ | Agents Finance Co Ine com .
pfd..... . Van Camp Milk com
4|Ch
« | Debits
: whit s "Rock,
Sh Gould...
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ra : pS RGF *
CONG KF fut
pr sor
M. Overld .. Nile rer pt. ilson & Co. Vilson pt volworth Wrigley
— > ~
- oa -~
Ser -
Yale & T ellow Tr .... oung Sheet
Zenith Rad ... 12%
BY SHORT GOVERING
NEW YORK, April 2 (U, P), — Pre-holiday short covering brought gains ranging to 2 points in a somewhat more active stock market today. Prices were around the best levels
tered the fourth hour. Chemicals in which a fair-sized short interest
had been built came back the best. Allied Chemical and du Pont each gained 2 points, while Union Carbide was up nearly a point,
GRAIN PRICES SLIP IN EARLY DEALINGS
CHICAGO, April 2 (U. P).— Grain futures weakened slightly in early dealings on the board of trade today. At the end of the first hour. wheat was off 1 to 4 cent a bushcorn up ! to off 4; oats un-
changed to off 4: rye off 3% to 5: and soybeans off % to 4.
LOCAL ISSUES
Nominal quotations furnished by local Wei Si of National Association of Securities
Bid Ask Tl 9 20
Stocks
Agents Finan ne pid. RR
Belt
IAAT MR AB AAAS. ALARA
Ft Ind Assoc ‘Tel d & Mich 7 B pls Gas com
5% »
pr
*N Ind Pub Serv 6 *N Ind Pub Serv Prog Laundry Pub Serv of Ind 5” pfd..... Pub Serv of Ind Inc com .... So Ind G& 4
wor
- -
“aw wm - ov
Camp
Algers Wins'w W RR dhe.. American loan 38 51. ... American Loan 5s 45 8 Cent Ne anapae & es 42-51... 99
of Citizens Ind Te Fin
sol Crabb. MCE 8 4. Home IS&T Ft Wa Sis $1 Home TT. Wayne 8s 1s nd ASS To 1 Co 3les TO. Mdpls PL is 10 “.s [hdpls Raley Co 5c 61 hdpls Water Co 8'as okomo Water Wo! Ruhner a Ase
“ 100. uncie Water Works 8 o ex N Ind Pub Serv 33s ‘ean N Ind Tel dlis & bub Sery of Ind 4s 69. Publ Tel 4lie 5% Richmond W ater Works 5g 57. . ae Term Corp 8s U Signe achine 345010 38 81..5.... @
U. S. STATEMENT
WASHINGTON, April 2 (U. P.).—QGovernment expenses and receipts for the current fiscal year thrush March 31, Fated with a year ago ‘This Year xpenses J AY 967, om. X at at Spend. 13
89
Last Year 3 938.983.
3
:
223 2% 23
AS ED BES wore
£3. pot CY =f.
835 nS sor $303 1-4 03 1B HDD FU aan ~¥90¢ Bem 224523 LP O- 1B DD he ND YN di
CICR TREE 5 Che be T8G
hg
4
INDIANAPOLIS CLEARING HOUSE
Sikatings A $ 000
4.4686, 11,378,000
LOCAL PRODUCE |
under 4! lbs, Bar d 17e; colored, 15¢: line
Heavy breed colored hens, full feathered. 10¢; Leghorn hens, 14e. Rousters Yd Ibs. and over; Barred and White x 1 colored, 18 All No. grades, XS My less. Cocks ts—Current receipts, “st Ibs. and up.
Grade A At 33: pr 2c; Grade A small, 33¢
3 NO. 37 a No No. Suey e: No. 2 3 30¢. . wi Cour nity pickup prices quoted hy the
A SAFE DEPOSIT
BOX enitRaRes
$3 to $100 a Year ai eres
: the company’s : | broke all daily and monthly work
eae I ES 8
NEW BLAST FURNACE RECORD ESTABLISHED
DETROIT, Aprii 2 (U. P)— George R. Fink, president of Great Lakes Steel Corp. announced today Zug Island furnace
records for blast furnace produces tion during the month of March, The furnace had a straight ore! burden production of 43478 tons during the month and a high daily production of 1608 tons Tuesday.
Inspection
of miles to the life of
Security Trust Go.
Thundering over a ridge at the Ft. Knox, Ky, testing ground comes the army's new rivetiess medium tank complete with 75 mm. gun and a battery of machine guns. The M-4 has an all-cast body and mounts its big gun on a revolving turret in the center instead of lower down on the right side as on the M-3 tank.
Farmers SOS for AAA Checks PDQ
NEW CASTLE, Ind, Aprill 2 (U. P.) —Unless the AAA answers an SOS by some 500 Henry county farmers for their government checks PDQ, a minor food shortage may develop. The farmers have complained to the Henry county agricultural ade Jjustment administration office that
delay may force them to postpone spring planting because of a lack of funds.
HECKER PRODUCTS PASSES DIVIDEND
NEW YORK, April 2 (U. P).— The boards of Hecker Products Corp. and its T1-per cent-owneti subsidiary, Best Foods, Inc., have taken no action on common stock dive idends usually declared at their March meetings, President Guy Lemmon announced today.
He said that directors, in failing to take dividend action, were influenced by the need of conserving cash and the uncertainty as to adequate provisions for tax reserves.
AY, APRIL 2, 942
HTS AT COST OF ERSATZ RUBBER
0’Mahoney Says Standarg Of Indiana Was Denied Sample Butyl.
By THOMAS L. STOKES Times Special Writer
WASHINGTON, April 2.—Batter= ing away at Standard Oil of New Jersey's defense of its synthetic rubber tie-up with German I. G. Farbenindustrie and its patent cone trol, senate defense committee ine vestigators are directing their efe forts to prove that Standard sought to control the new war-time synthetic industry in this country and was planning a price structures to vield a profit far above that justie fied by its own cost figures. The groundwork was laid by Sene ator O'Mahoney (D. Wyo.) who singled out the testimony by William S. Farish, president, Standard of New Jersey, that the head of I. G. Farbenindustrie’s synthetic rubber production had come to the United States, at Standard’s own insistence, in December, 1938, to arrange with five leading rubber companies for experimentation in tire production. This, the Wyoming senator said, indicated Standard’s purpose to cone trol the new industry, in the light of its control of patents and the terms exacted for their use.
Refused Humble License He then went on to show, from letters and memoranda from the company’s files, that Standard in November, 1940, had refused to lie cense Humble Oil Co. of Texas, an affiliate, for synthetic rubber proe duction except on a “co-ordinated” basis with other licensees and not on a competitive basis, and, on Jan, 13, this year, had even refused samples of its butyl rubber to Standard of Indiana.
WAGON WHEAT
Up to the close of the Chicago Market today, Indianapolis flour mills and fon elevators paid $1.14 per bushel for red wheat (other Fuge °z their jnerite), No. 3 yellow shelled was 77c a bushel and No. 3 white & shelled corn, 87¢; No. 3 white oats, 51¢; and No. 2 red oats,
Heres how you can
and Service
@ Many a motorist will add literally thousands
his tires . . . will keep his
car rolling long beyond his fondest hopes . . . by following this practical program that is offered you by your Standard Oil dealer. See the full
Buy United States Defense Bonds and Stamps to help guarantee victory
wy on A Ding 8 goss why ON Fife, ay Ware,
J Oak bt a . *
Barat oi
Ve Stren o e.
enjoy the full mileage
built into your car and tires
fm. NY
Your Standard ON dealer will give yop a copy of this schedule
fo help you keep your car rolling.
Start now to benefit from this system of Regular
list of these practical services. Note how down. right sensible they are—how they promise
real help.
Make up your mind your car can see you through. Remember, your Standard Oil dealer has skill and experience to offer you. Adopt his Approved Car Conservation Schedule as your own!
'