Indianapolis Times, Indianapolis, Marion County, 27 April 1942 — Page 6
lat 0 3 - phot Li CANE St
i
EH
~ BUSINESS |
Delyelratiin of Foods Becomes
Newest
By ROGER BUDROW
THE LOCAL EGG-DRYING PLANT, which ships powdered eggs to our allies, is but one segment of a fast grow-
ing industry. is progressing swiftly. Some good.
NEW YORK S TOCKS
Allech
Am Am Am B
Dehydration, taking the water out of foods, |Am &
think too swiftly for its own Ams
m Seven vegetables are to be dehydrated and sent over- Am In seas. me potatoes, onions, carrots, cabbages, beets, |A rutabagas and sweet potatoes.
18 million pounds of these foods.
Even meat is to be dehydrated. Thus far experiments have been successful in beef, mutton and goatsmeat. Pork may never make the grade because of its high fat content which ' turns rancid. Lemons are being dehydrated crystals for making lemonade. Many Pacific Coast, fruit driers that once specialized in one parRoger Budrow ticular product, such as prunes, are taking government orders to dry all kinds of food. A Philadelphia firm which makes dehydration machinery is swamped with orders. The new “war baby” industry is being born because of necessity, because there is a shortage of shipping space. Consider this: 27 million pounds of potatoes can be reduced to three million pounds through dehydration. That saves at least 500,000 cubic feet of cargo space or about two average cargo ships. #88 ; HITLER MUST be using less oil than we thought, the American Petroleum institute concludes. Because if he has been using 7,500,000 to 15,000,000 barrels a month on the Russian front alone, which estimates were generally accepted, he would be running out of oil now. Europe couldn’t have produced more than 130 million barrels of oil last year, the API says. There-
fore our assumption that he is using 255 million barrels a year must be wrong or else he, had much bigger reserves than we knew about.
o ” td
FORTY-TWO PER CENT of the bond that investors in this country have bought from foreign countries are in default, either as to interest, sinking fund or principal, according to the Foreign Bondholders Protective Council. This is four per cent more than 8 year ago. The increase is due chiefly to defaults in Belgium, Italy, Lithuania, Greece, Poland, and Jugoslavia. 8 88 ODDS AND ENDS: Baltimore & Ohio says it will get $10,500,000 from increased railroad revenues' this year but higher wages and taxes will take '$14,250,000. . . . By buying 200,000 bales of cotton a year from Peru, this country will offset almost entirely that country’s loss of a European market. . . . Country blacksmiths are due for business boom in repairing farm. machinery. « « « New Jersey Public Service Co. found that its business was cut right in half during a test blackout. .. . Forty N. Y. Stock Exchange members entering the armed forces have asked waiver of their $1000-a-year dues. ... A New York firm is making wood molding as a substitue for metal curtain rods. . . Dog license
tags in Illinois will be made of él 3—
fiber, not metal.
LOCAL ISSUES
Nominal Juotauons furnished by local uns of National Association of Securities ealers, '' Bid Ask T% |9 . 20
Stocks
Agents Finance Co I Be vom . Agents Finance Da 3elt BB 8 ose
‘96%
s Water C os, AC . 14 in Loan Co BY td’ are t Life Ine s com 24
So Ind G&L 4.8% pfd ccoovees Union Title Co com ... Van Camp Milk pfd ... Van Camp Milk com ..
100 Serves ¢.108 108% 48°60... ....105% 108% "57.108
rks 58 88 67........ 83 5s B81 cece... 97
100
TELEPHONE
IL IQ ERS pkey 2
MAKE SURE YOU'LL 88 PROPERLY REPRESENTED
message.
remarks upon
nd 1% 440—Sterlizer,
STOCK MARKET
Traders Say Roosevelt’s Anti-Inflation Talk
“Too General.’
NEW YORK, April 27 (U, P.).— Publication of President Roosevelt's seven-point . anti-inflation program had little immediate influence on the stock market in afternoon dealings today, prices maintaining the irregularly higher trend of the forenoon. Trading fell off abruptly when brokers vacated their posts on the stock exchange floor to gather around news ti carrying Mr. Roosevelt's message to congress, but there was little - change in stock prices. Prior to publication of the message most active issues held small gains. There were a few exceptions, including American Telephone, which slipped down 13 points to a new low since 1935 at 108. American Telephone rallied to 109, off 3% net, after the president’s U. S. Steel held at 467%, up %; Bethlehem, 55%, up %; Santa Fe, 36%, up 1%; Union Pa-
up %, and General Motors, 333%, up 3%. First reaction in trading quarters to the message was that it was “too general” and that Mr. Roosevelt's corporate profits were not specific enough upon which |g, to base price movements.
If you can manufacture any of these materials, contact the war production board, 10th floor, Circle Tower building, Indianapolis. Asterisk indicates plans and specifications are on file there.
BIDS WANTED
ARMY QUARTERMASTER Invitation Number Item 38 a 1913-42-NEG-193—Bouillon cubes, beef; bouillon paste, hard candy, chicken, clams, lactose, oysters 199-42-NEG-251-C & E—Cots, steel, Speciscations Revise 109-42-NE 244-SUB —- Potatoes. Revised 669-42-NEG-31 bias bind
sweet,
1913- rl NB 19 1—Razors, safety, nickel having Dpihes, oth i plastic combs 6 600-43-REG 31 Thread, tape and bias
1013-435 193—Oats, Tolied, "regular, in moisturé resistant cartons.......
ARMY MISCELLANEOUS
April 42-192—Fresh fruits and vegetables: sananak, grapefruit, oranges, , carrots, cauliflower, celery, cucum ay greens, lettuce, onions, arsley, peppers, Totasoes, radishes, omatoes, strawberr 2 26026- SP5—Velometer; no. 3002FP, or equal; for determining air velocities for industrial exhaust systems
Ma, 8191 Metal De Beds Sling thaits (wood) y
libra: tables BD riiney 3 rubber-line: 93 Fire hose plants, one year old 1 heart, colorado columbine, hinium, double tiger ly, golden columbine, fica daisy, na pois” panied S, en oppy. painte feverfew, mil? i crimson n, coreopsis roses, etc. g conduit elbows, junction boxes and steel cabinets (flush mounted) 6102— Electric motors and distribution type transformers 6194—Pressure gauges, urpentine, pond ganis 1891-R81—Flour; type C #85 Jot110, EE esomption, screw cap
; re 469-"Glasses, cover glasses, for bloo counting chambers and for roy microscopy Inspection service of elevators listed 5 the period July 1, 1942, to June 1
gotson mops, (soft wheat)
orandum, Paper Bio white a 8 Jape light oe ting, ot Th electrically heated, Jor use on 110 voll, _slternating
ent a56—Cellulose’ Padding, approx 2a DE nl 460— yringes, ih Es aos urpose, ype I small luer tip
eneral sizes
!12|H
- ih We oh deliveries of gasoline and Iubricafin oil for deHEE pst, of ‘dof, and ‘i sive o ree 158-8—Crackers sods, lain Sy
cesses
ready for The following purchases have been authorized to be negotiated contracts except as noted. Quantity sheets may be inspected at Indianapolis office, war ‘Production board—10th floor, Circle Tower.
Contact Sommandin Officer Jefferson Proving Ground Madison, nd Directive
No. CA-42-4T0—Inhalants, tourniquet and fore ceps, idage (compress and gauge Fa co! ton; Merthiciate tincture. Negotiated Contra
Quariermaster Re ”" > Jeffersonville,
J-E-258 (42) —5000 Sach “rons, "hand. Negotiated Contract
uartermaster Depot hiladelphia, Penn P-C-878(42)—25,000 insignia, 8 houlder sleeve, headquarters, armored force. Negotiated ‘Contract.
PUT IN CIRCULATION
CHUNGKING, April 2. (U. P.).— The Chinese government has placed in circulation a new legal tender that is on a par with the United States dollar and said to be welcomed by the public. The new money, known “customs bold unit,” eventually to replace the present
tender. It was first adopted as a
monetary unit 11 years ago for the sole purpose of paying import
The army recently bought 15 44
Am Suga Am TET Tob B Am A
0 | Fe
2 | Holly
NEW CHINESE MONEY |:
Atchison
Atl Refining .
Atlas Corp pf. Atlas P Aviation
Calumet &
Champ Pa Shes &
Chee Chis 5 WY i °C WR
Le
lark E
Coca-Cola Colsata. ’P P
Com Credit Jy Tr & thaso omwlth Edis Cons ret are Cons
Cony Sum
Cons Oi Con
Container Cont Bak Cont Cont Cont Cont Corn
Corn orn Prod
pt. a Cork
Decca Rec iac,
East Kodak .
lint Fo!
Sasiorg Cont... .
G Gt North pf Green H L
rumman A
Hack Wat 2| Hack Wat 2 er Pro
12 | Helm
ug Homestake
Hud & Man Ag Motor. n Central .. Inland Stl
sain lay Coj t Business Harvest
Johns-M pf .. Jones & Lgh.
Kaufmann Kennecott K n ey Kin Kroger G
3s
Lige & My Lim 2000 | Cio Oil Lorillard Lou Lou
Mack ar Mkt 4
Maytag pt
ead Melville sh
is expected | Mrneel
huge amount of devalued legal Mo
Adams Exp ... Air Reduc Alaska Juneau. al I oi bf $30 w 3%
Industry Born by War|4
Pde Stl. 18
Dion.
olum Gas .... Col Pictures ... 5% . 187%
East Air Lines. 33%
Pruehauf-Tr a
‘ee 88h
Johns-Man ....
es & Rob.. Cor .
High Low sin Mims 5% 54 0° 29% 1% 1% 3%
2% =
1%
33% 3%
x I pr.. 5 Armstrong Ck.. 28
Atchison pf ... 66 Atl C Line ....
Atlas Corp 7
ves 4 Sl
2 82% 12
6
Cert-td 6 prpf bi
pf 10 cific, 65%, up 1%; Chrysler, 52%, Eht Sra Mail Order. J
City 1 & PF ...
C q 30 Clev El Ilm pfl109'z Clev Graph Br 23%
1%
22%,
So. 3-16
24%
on 18
1k 0) :
Cons Edison pf BY
R pf Consumer > bt uals
. 43% 161% 14%;
Davega Strs ..
142 141% 105% 105% Bu
a 18% 108: a 108% 27 27
3 Ya
[1 go) BI Us Ce =o
.. 8%
Gt West Sug -
Greyhound ... Greyhound 5
pra is
‘er 1%
ae Looe
EERE Ate
2-08808
— 51% 125
el 11
Kalamazoo S&F 6Y% DS. %
Libby McN & Lo B.. . Ref... 9 Lockheed Air tt 17%
11% Nash © . ears
—M—
MacAn & F pf.13¢ or Lo. 29%
8t Ry prof 1 Mastin ( enh) 19 Mason! mite corp. 23% -
«17% 10% 7
Net Last Change
SHEER FIRED +
DE HEE
- . FNRRERFEER
shire)
SEH seams wy ow
yp po >
3% | pu Ya
1 5 1,
2|Pure Oil 5 pf..
By UNITED PRESS
'DOW-JONES STOCK AVERAGES
30 INDUSTRIALS wevsstensess 4.31 tesesesesssscsssssss 92.25 Month ARO.¢seae000000000000.100.04 YOAr AgO..cqetuisesssenssses..116.68 High, 1942, 114.22; Low, 94.18. High, 1941, 133.59; Low, 106.34. 20 RAILROADS Saturday .....iseceiiennennss 23.76
+0.33 +0.04 +0.20
1042; 1941,
29.01; Low, 23.72. 30.88; Low, 24.25, 15 UTILITIES
High, High,
Saturday Week ARO......cce0ece Month AgO0....oseeesvvescnces 11.54 Year Ag0.....cf.e.. verse 18.07 High, 1942, 14.94; Low, 10.65. High, 1941, 20.65; Low, 13.51.
Net High Low Last Change
Ns
~
5 + ¥% 6% .... —'3Y + Ys
113 te ee
+14: +1
| ++: “«
ay
Steel 5% 51, Owens Th Glass 44 a
—-—. bac Coast 2 pf. 93 Pac G & El |.. 167 Packard . 2Y Pan Am Airvys 1334 Panhandle . paramt_Pict ... 12id Parke Davis ... 20 Patino Mines .. 1 Pen & Ford .. Penney Penn Coal & C. 2 denn Gl Sands. 11% Penn I! 20% bepsi Cola .. 181 Pere Mat pf... 20%
y H+
141:
++++ | ++H++]
B Py itts 85 pr pf. Plymouth Oil Postal Tel pf. . 13 Press Stl Car.. Procter & G .. Pub Serv 10 Pub Serv 8 bt. Pub Serv 5 pf.. 63 Pullman Pure oil
eel
82 %
8% - 8% 8%
Quaker St Oil.
2% 2% 47
4 20%
2% Pp 47 Reyn Spring .. 4 4 Reyn Tob . 20% - 20% — 307% . 25
LZ. Ye
30% 247,
307% 24%,
Safeway St Jos Lead
+0.18
i
High . 13% ..13
I++: +: + EEE ER
HE HEL Su ERE
§ §
4] lk
Sunshine Min . Suth Pap Swift & Co .... Syming-Gould .
Texas Co 30 Texas Gulf Pro Tex Sul ... Tex Pac Texas & Thermoid ved Tide WA Oil .. Timk-D Ax . Timken RB .... Transamerica
[=
Twin CRT pt |.
a Und Ell Fish .
Union Carb Un Pacific Un Tan United Aircraft.
FIRE
59 462
15% 1%
Vanadium 15% « Wa We 24% 243% 16 16%s 32
3% 4% 342 63 34 36 41Y; 1021, 14
1 25 15% Ea 118 Weston El In. adn 33%
Wheel Steel . Wheel Stl Spy pf 60 59% 31s 3 17% 5
Wabash pf ‘wi.. Wal
HH
Tht);
White White Sew M.. 17 Willys OYerld pf Wilson & ‘ Woo ia
Iw verse 2 | Worthington i
Yellow T 7 10%
Yellow Tr vi..
111} Young Sheet .. 20%
Young Stl Dr. 5 Y%
In Growing
Times
[Florida Making Big S Strides
of Beef Cattle!”
Special
BRIGHTON, Fla., April 27.—The land of citrus fruits and tourists,
1; (both in season, is now cow country with meat markets slowly gelling
accustomed to the new trade term—Florida beef. Directly spurring the development of Ponce de Leon's garden spot|g
8 las cattle country is the mild winter that permits open grazing year % round; the practical part is the experience of a Wyoming cattleman
HE
3
t+: + + | +++: (+
who, after several years in Florida, found that it cost only $3 a head to keep a steer for a year, against $15 home in Wyoming, where the winter feed bill cut hard into profits. In 1940—the last year for which
» | official records are available—108,- : |000 acres of improved pastures were
added to the grazing total, bringing to, 360,000 acres the pastures improved in four years. These new pastures, state agricultural experts
®|say, will provide for a four to five
million expansion in the number of head roaming Florida's lush fields.
Science Aids Growth
Another thing gave Florida a leg up on becoming a cattle-produc-
4ling state — the eradication some
years ago of Texas fever tick. Ever since the tractors and cutters have
{| worked industriously to turn the
palmetto and prairie lands and even the jungles into pastures. The scientific touch has been the importation of fast-growing, highly
ie nutritive foreign grasses like Para 4|grass for the moist soils and Bahia
grass for dry areas. All have done extremely well. Cattle, incidentally, were first raised commercially in Florida by Ponce de Leon, who in 1521 landed some near what is now Tampa to provide beef for the Spanish colony. Several Strains Crossed
Some of the strains that stem
73 |from these imported steers have
been crossed with pure-bred Western beef bulls to produce new stock
. with improvements.
The state agricultural office estimates more than four million acres of land placed under fence so far, pending improvement of the land for pasture. And many cattlemen
have been turning more than a
curious eye in the direction of ‘the Everglades because of its capacity to produce rich protein feeds.
sulted; it’s just another encroachment by the white man. If it keeps up they are liable to take this whole country away from the Indians.
DAILY PRICE INDEX
NEW YORK, April 27 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for .United Press (1930-32
% |average equals 100) :
TE
a
Hl
zd Fe o
- -
=
HF way
tive Assn., Inc., Wi
Saturday Sees ccesctrsssene 157.42 ‘Week Ago esses sccencecsssene 156.63 Month Ago 0000000000000 00 157.50 Year Ago 9000000000000 000000 129.41 1942 High (April 9) ceeeceees 157.81 1942 Low (Jan. 2) .eseseeeses 151.54
Incorporations
Master Surface Plate Co., Inc., 3006 E. Indianapolis; ent, Chester W: Hostetler, same address; shares of $10 A value; genera machine shop; Che Cheste gt } Hoste tefler, Carl M. Chadwi
pi A Chisbier of Gamma Kappa, Inc. 3808 N. ridian st., Indians polis; no hes es Edna 'L. Cutshaw, Mary Hi ht Parsons, Margaret L. 8wan, Grace er, Elsie J. Kinerk Feltman & Curme Shoe Stores Co., Jdianapolls "ot agent to Merle E. Fiedler, ‘ashington st., Indianapolis. Circle Construction Co., Inc., Indi apolis; amendmen ing name to Circle Investment Co., increasing eapital stock ‘to 1000 shares no par Value, and other amendments
Lendical Country Club, Inc, R. R. 2, Box 408, Michigan City: agent. Leonard R. Brasus, same address; no capital stock; 3 : LE R. Brasus, Ralph Crisman,
National * Aircraft Corp., 600 N. Elwood; articles of amendment, inc capital stock from 200 shares no Cr Tvl to 500 shares no par value. ‘ Wabash County Farm Pureay
iment in:
3h st.,
t The Seminoles haven't been con- 2
HOOSIER FARM PRIGE RISES 14 PER GENT
LAFAYETTE, April 27 (U. P.).— The value of Hoosier farm real estate jumped more than 14 per
cent during the year ending March 1, 1942, the Purdue university agriculture extension service and the U. S. bureau of agriculture economics announced today. Farm values rose from 77 to 88 per cent of the state average value, based on 1912 to 1914 prices. Indiana’s 11 per cent increase was matched by Arkansas and Mississippi, the report stated, and was exceeded *only by Michigan, Kentucky and North Carolina. Farm values throughout the United States|¢ as a whole rose about seven per cent during. the period reported, the largest yearly increase since the start of the depression, officials said.
IMPORT MEXICANS FOR SUGAR BEETS
DECATUR, April 27 (U. P.), — More than 1000 field workers, most of them Mexicans, will be imported from Texas during the next three
weeks, for work in Indiana, Ohio and southern Michigan sugar beet fields, Central Sugar officials reported today.
U. S. STATEMENT
WASHINGTON, April 27 (U. P.).—Government expenses and receipts for the current fiscal year i gr April 24, compared with A year Je
s Yea Last Y Expen nses.$23.304 oT 008 54 $ 9,863,182,¢ WarSpnd. 17.982,560.764.00 4.458.409, Recei 9 5,675,672, 4,141,960, 2,506,920, 1,761,422, 53,106,749, 22,492, 794,
SEEEESESE BR852285
Up to the close of ‘the Chi today, Indianapolis flour mills and ¥, an elevators paid $1.10 per bushel for on des on their merits).
red whéat (other No. 3 yellow shelled corn was white shelled Oe n, dL
Jushe) and No. 3 No. 3 white oats, 50c, and No. 2 red o
1, 1190-1200 pounds
LIGHTER HOGS
5 to 10 Cents Lower Than Saturday.
There was a two-way market in hogs at the Indianapolis stockyards today, the agriculture marketing administration reported. Hogs weighing less than 210 pounds were either unchanged or 10 cents higher than Saturday. Weights above 210 pounds, however, declined 5 to 10 cents from Saturday’s prices. The top was $14.35 for good to choice 220 to 240-pounders. Receipts included 2221 cattle, 814 calves, 12,253 hogs and 531 sheep.
HOGS (12,253)
[email protected] Packing Sows
Good and Choice— 270- 300 pounds 330- 360 Pounds 360- 400 pounds
Good— 360- 400 pounds 400- 450 pounds 450- 500 pounds
[email protected] tensions @14.00 riers MB0GIA OR 14.00 tier iesseans 5 nals 95 © [email protected]
Medium NS0- 500 pounds [email protected] oF Mediu and Good— 0- 120 pounds hs
CATTLE (2221) Slaughter Cattle & Calves
nin gi 50
. 11.00 12.75 [email protected]
ommon— 750-1100 pounds . [email protected] Steers, Heifers & Mixed
1301
Medium — 750-1100 pounds
Chot B00 G50 pounds
Good— 500- 750 pounds Heifers
[email protected] [email protected]
[email protected] 500- 900 pounds
[email protected] Cows (a) weights) [email protected]
Choitce— 20s 900 pounds MiB 800 pounds ... S00. | 900’ _pounds Fo Com
Bulls (all weights) (Yearlings excluded)
Cts edrsinsedrnisnarrith [email protected] ' [email protected] [email protected] 8.00@ 9.00 CALVES (814)
Vealers (all weights)
Good and choice $14. 00@ 14.50 Somen and medium [email protected] Cull 7.00@ 9.00
Feeder & Stocker C Cattle & Calves
Choice 500- 800 Ponds 800-1050 pounds .. 00d-~ 500- 800 pounds ... 800-1050 pounds ..
Soo" 900 ) pounds . Calves (Steers) jood and Choice— 500 pounds down edium— 500 pounds down Calves (heifers)
Good and Choice— 500 pounds down
[email protected] [email protected]
[email protected] Medium— 500 pounds down [email protected] SHEEP AND LAMBS (531)
Lambs
Good and choice ..... brervidne [email protected] Medium and good [email protected] Common [email protected] Ewes (shorn) “ Good and choice 6.50@ 17.50 Common and medi 4.50@ 6.50
CHICAGO LIVESTOCK
Ho Reval, 14,000; market opened 5 to lower, and Siosing mostly Ry on Friday's ave: and choice 200-360 1bs., $14. 14.40; 1 . bs., $13.50 550 lbs., She Receipts jlpoftatice on lambs, best wooled offerings held at Hy and slightly above. Cattle—Receipts, 15,000; calve 1000; choice steers and Seeniner steady, top, $17.25; several jon S S530 7.10; most medium to gocd 3 No Ie 25 cents lower 47 oS} 50@15; TS Os cattle {saree
Steady hei ers steady, ost 314.
s firm, wei cows, $9. 75 oe) 10.56; down and ve down.
OTHER LIVESTOCK
CINCINNATI, April 27 (U. P.).—Hogs Receipts. 4075; 140 1bs., down 50 cents; 140 averages steady; 160-180 1bs., 5 cents lower; 180-200 lbs.. 10 cents lower; 00- 1bs., 20 cents lower; 250-300 Ibs., 30 cents lower; heavier weights and sows 25 cents lower; 00 cents lower to 10 ¢
sssessan
9000; no early action of Ted wooled and shorn west-
aa Brn at $15
1bs. 14.25; edith aad a 1056-160 1bs., $14; 50@13. aos
SOWS, Cattle Recai pts, Calves, 450; steers nq hei heifers RL Sono COWS unchanged; bullr steady to 15 cents lower; medium to good steers and lightweight i Relfers. [email protected]; and choice heifers, $13.50; good Bi hoice, 1 rs, $13.50; DUK common and medium slaughter stegrs and Beifers: $10@12; very few steers under $10.50; mon t d beef cows, [email protected]; od young gow $10 and better: bulk canners and cutters, common and
Ww 24 choice
Receipts, Ps $4.50@
Shee; foo od Spring P lambs, $15@ 16: at ewes
FT. i 27 (U. P.).—-Hogs—
$13.60; $13.10;
$11.75. Calves
1 1bs., 100-130 lbs., $ Ro sings Clipped lambs, $9.50
ughs, $13.50. $14.50. Lambs, $13. @11.50.
aught Oil Co., Illinois corporation; ange of agent 40 2 Marvin Branamon, 830 Shas ave,
tor 8 amblemebt Co., New
'| Albany; final dissolution.
Money-back guarantee.
1oBeb 0.0.0 8 8 abe Ett
229% ¢41 17 I
259%, SPECIAL DISCOUNT TO DENFENSE WORKERS IN MILLS, FAGTORIES, RAILROADS, ETC.
SPECIAL LIBERAL CREDIT TERMS
Now, you can get glasses, even if you are short of ready cash. These fine “Gold-Filled” rimless glasses, complete with TORIC lenses for FAR OR NEAR vision, all complete on prescriptions.
eof
COMPLETE GLASSES
15-day trial.
L w. shin Open Mon., Tues. Eves. to 9 P.
Stores in Prinei
n St. urs. & Sat, M.
ADVANGE HERE
But heavier Weights Sell |
[email protected] | | March quarter net profit $141,587 vs.
ol
Returns Here
J. T. Urban has been appointed Indiana division manager for Westinghouse Electric Supply Co., succeeding R. L. Brown who was ‘transferred to Milwaukee. Mr. Urban, with Westinghouse since 1922, was merchandise manager here for Westinghouse Electric & | Manufacturing Co. from 1928 to 1934.
BUSINESS AT A GLANCE
By UNITED PRESS American Coating Mills, Inc. 1941 net income $252,700 or $1.15 a share vs. $201,880 or 95 cents a share; net sales; $4,505,631 against $2,826,936.
Writing Paper Corp.
American
$27,358 last year.
Central Specialty Co. 1941 net profit $211,398 or 85 cents a share vs.
00 $192,786 or 79 cents in 1940; net
sales $3,811,295 vs. $2,805,475. Consumers Steel Products Corp. year to Sept. 30 net income $156,984 or 67 cents a common share vs. net loss $18,969 in preceding fiscal year. Converse Rubber Co. year to Jan, 31 net income $151,585 vs. $16,978 in previous year. Fleet Aircraft,
Ltd. 1941 net in-
come $185,381 equal to 97 cents a)
share vs. $133,073 or 70 cents in 1940.
Gibson Art Co. year to Feb. 28 net income $398,742 or $2.46 a share vs. $384,638 or $2.31 in preceding fiscal year. Gilmore Oil Co. 1941 net income $891,971 equal to $3.14 a share vs. $621,119 or $2.19 in 1940. . Harbor Plywood Corp. 1941 net profit $437,678 equal to $2.51 a common share vs. $409,481 or $2.22 in 1940. Ruberoid Co. March quarter consolidated net profit $188,844 equal to 47 cents a share vs. $193,097 last year; net sales $5,805,569 vs. $4,258, 412. Simonds Saw Steel Co. quarter ended March 31, 1942 consolidated net profit $355,689 equal to 71 cents a share vs. $624,080 or $1.25 ‘in March quarter 1941, Southern Dairies, Inc.’ income $758,468 or $3.03 a share vs. $283,162 or $1.13 in 1940. United States Playing Card Co. March quarter consolidated net profit $291,358 equal to 75 cents a common share vs. $327,372 or &5 cents a share last year. United Steel Corp., Ltd. 1941 net profit - $498,339 equal to 99 cents a common share vs. $575,409 or $1.15 in 1940.
1941 net|§
‘MOD
HAVE THE BEARS HAD THEIR DAY? §
Stock Market About Due For a Rally But May "Is Undependable.
W YORK, April 27 (U. P.).— Wall Street at the depth of gloom always looks ahead to brighter days. That|| was the course of conversation today. is bear market. has run with minor intermissions since Sept. 12, 1939, shortly after the present world warn broke out. At that time--Sept. 12, 1939—the industrial average hit 155.9, At the low last week of 94.13, the average was down 61.79 points from the 1939 high. small recovery Saturday in the leading issues gave some ericouragement to the traders.. Not a few of th predicted an | early rise of rather broad proportions. A new month begins next Friday. But May is an unpredictable period, judging by the performance in recent years. The market in the past /14 years has had seven advances in the industrial average and five advances and nine declines in the railroad average, ay has been full of uncertaine ties in recent years because of war developments. The market | still is considered highly sensitive to war changes. Recently it has had only adverse news to contend with. Market experts argue that on the law lof averages, some good news is in (the making, and they foresee as vigorous a rise in response to any such development as there have been declines in the past.
GOVERNMENT SALE HITS WHEAT PRICES
HICAGO, April 27 (U. P.).—Reports that the government will release 1941 stored wheat into regular trade channels sent wheat futures down more than a cent a bushel in early dealings on the board of trade today. Other futures were fractionally weaker. Wheat was off % to 1% cents a ° bushel at the end of the first hour; corn off % to %; oats off % to %; rye off % to 7%, and soybeans off % to 5. The department of agriculture’s announcement Saturday that the Commodity Credit Corp. would consider offers on May 5 for 1941 crop wheat on which loans had matured brought out a bearish tone in the Wheat pit.
LOCAL PRODUCE
Heavy breed hens, full-feathered, 320c: Leghorn hens, 16c. colored, 23¢; 0
ok, ite. No. 2 poultry 3 oente Ergs—Current receipts, 54 ®lba. and up,
26'ac Graded Beps—Gride A large, ATVc small,
edium, 26'2c; grade A pike, 41%,@42c;: No. 2, 40@ 34c.
No. 3. Eo ih “fell TRUST ICOMPANY
123 EAST MARKET STREET
MEMBER FEDERAL DEPOSIT INSURANCE (MILI
" OPEN TONIGHT
—and every Monday Night doth 8:45
The Home of TAILOR-SHOP CLOTHES Bea a ouins Clothes Lita A Tailored Look and Fi
" LEON TAILORING co. 235 Mass Ave, = the Middle of
the First Bloek SAXOPHONE
Instruction 1
INDIANA MUSIC CO.
115 E. Ohio St. — LI-4088
Per Lesson
IVITORH INNES CLOTHING COMPANY
131 W. Washington St Directly Qoposite Indians Theater
USE YOUR CREDIT at
oN i
GENERAL DYEING So.
818 DORMAN ST.
FUR COATS Largest IAT
Neledtion Slate
TILT)
29-31 East OHIO St.
WHILE THE REST OF THE TOWN SLEEPS HAAG’'S ALL-NIGHT DRUG STORE 22d and Meridian IS OPEN
Make Woodworking Your Hobby. Use
DELTA MOTOR DRIVEN TOOLS Exclusively at VONNEGUT'S 120 E. Washington St.
KNOERLE TIRE CO., Inc. 2421 N| Meridian St TA. ih
SESH
U. 4 TIRES
VAT
TIRE LIFE EXTENSION GOODYEAR
- Service Store Delaware at Walnut RI-1436
SPRING HATS
New_aba
13% to $0
YOUR HATTER
Men, W omen and Children
fivingstons
THE MODERN CREDIT STORE 129 Ww.
Hash, 12 Gppoesite Us Better Fur Coats For Less Money
MARILYN FURS
2440 N. Meridian