Indianapolis Times, Indianapolis, Marion County, 5 May 1942 — Page 6

PAGE 6 OPA TO EXPLAIN PRIGE CEILINGS

44 Meetings of Retailers To Be Held in State; One Here May 15.

The office of price administration will start a series of instructional

meetings this week to prepare re- . tailers for compliance with retail price ceiling regulations, it was announced today. Birkett L. Williams, regional OUA director with offices at Cleveland, said a total of 44 meetings will be held in Indiana starting May 7 and ending May 15. The price ceilings become effective May 18. “The OPA fully realizes that a new regulation such as this can be best administered if there is a thorough understanding of all its details by members of the retail business,” Mr. Williams said. “We are arranging these meetings to

Russians Us

This radiophoto from Moscow to New York sho ws two camoufiaged American trucks hauling Red ‘army field guns over a muddy road somewhere on the southwestern front.

ng American Trucks

‘| Receipts included 1890 cattle, 841

make available to the retailers all official information.” ‘Mayors of the various cities where meetings are scheduled have

NEW YORK STOCKS

By UNITED PRESS

been asked to provide meeting halls and to preside, Mr. Williams said. An official OPA representative will

Net High Low Last Change er Bs

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attend each meeting and will conduct a question and answer. session

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38 esas 109% + %

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on details of the general maximum price regulations. The meetings will be open to the public within hall capacity after arrangements have been made for all retailers wishing to attend. Schedule for the sessions: May 7—Evansville, Crawfordsville, [4 Warsaw, Gary, Anderson, Greensburg. ° May 8—Tell City, Rochester, Lafayette, Michigan City, Winchester, Columbus. May 11—Jasper, Frankfort, Wabash, South Bend, Richmond, Bloomington. May 12 — Princeton, ‘Peru, Elkhart, New Castle, ford. May 13—Vincennes, Huntington, Angola, Seymour, Madison. May 14 — Linton, Marion, Kendallville, : Aurora, New Albany. A May 15—Terre Haute, Valparaiso, | Muncie, Ft. Wayne, Indianapolis, 4 Salem.

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SUBSIDY ON COAL ~ MAY SET PATTERN

WASHINGTON, May 5 (U. P.).— Negotiations for the first federal subsidy to enable distributors to stay within price ceilings without losing money—involving coal and coke for New. England—were underway today between the office of , price administration and the Reconstructiion Finance Corp. The fuel proposal, which is still in the discussion stage, probably will set the pattérn for other fed‘eral assistance in “hardship” cases arising under the general maximum price regulations, OPA officials intimated. Under the proposal, the RFC would absorb some of the additional ‘costs for moving coal into New England states and thus keep retail prices at or below the ceiling quotations—those charged between Dec. 15 and Dec. 31. Normally, much of ‘New England’s coal and coke was shipped by barge over a water route, but the shortage of shipping and the axis U-boat attacks have seriously interfered with this form of transportation. Now much of the fuel has to go by the more expensive railroad route.

CONVERT LONG-IDLE TEXTILE FACTORY

BALTIMORE, Md, May 5 (U. P.). —The Westinghouse Electric & Manufacturing Co. disclosed here today that work has started on the conversion of a long-idle Pennsylvania textile factory to the production of communication equipment for the government. “Without intérruption to production,” the company said, “we expect to quadruple the output of one of the most _ vitally needed types of equipment while moving into a community which has no experience with this kind of work.”

LOCAL PRODUCE

Hoary bree breed hens, full-feathered, 10c;

Legh ar 3 to 3% fo

white and Sra rock, te: 0. 2 oul 3 cents 1 Troe 54 eins. and up,

1 , 27%e aTag0 A small,

arg of tN fo: "Wo. %, 40 utterfat, No. - A (P ich on a Jenveréd at Indianapolis, quoted bv Wadlev Co.).

s—Grade A 30%:

Line .... At Seine. - ave Atlas Cor

Decca Rec ino.

Dome Du Pont Duques L pf. 198%

East Air Lines. 18% East R Bast Kodak

t.

P sens viation Corp..

tHE HD

1

Aas

HEHE LD 4

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r ‘pf 12% pr en

5% 87

FEE SESE SER

18 16% 8% 4

10%

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VICTORY STAMPS LIVINGSTON’S

129 W. Washington St.

% |Gar Wood Ind..

: Johns Man 6 Jones Lgh pf B 64%,

N Buy United States XN:

The Home of . TAILOR-SHOP CLOTHES Beady-for-Wearing Olothes with LEON TAILORING €O0. 235 Mass Ave, ' the Middle ot

GCUARANTEED

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ed PRICES Rite’

EN

fhe First Block SAXOPHONE ¢§ .. Instruction tenon

INDIANA MUSIC CO. 115 E. Ohio St. — LI-4088

SPECIAL FOR THIS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Yesterday Week Ago .. . Month AZO .c.covescsssnnces Year Ago High, 1942, 114.22; low, 99.92. High, 1941, 138.59; low, 106.34. 20 RAILROADS

-—0.97 -0.61 +1.26

24.66 23.85 25.60

Yesterday Week Ago .. Month Ago ... Year Ago High, 1842, 29.01; low, 28.72. High, 1941, 30.88; low, 24.25.

Yesterday Week Ago Month ARO «..evceecseconcee Year Ago High, 1942, 14. 94; low, 10.58. High, 1941, 20.65; low, 13.51.

essecnse ssecscssse

sess sccsssesest es

Net High Low Last Change Bast oiak od 171% 171% 171% 41 Mig 21% 21% 21 LE Brad Pauto pL co 24% 24% 24%a + Ys Elec Pwr & Lt. 1 1 wesw + % E aes Erie pf A .... Evans Prod ... fair, The pf... Pajardo Sug .. mn phos

Ee 8tl.. fost-Whl pf . Preept-Sulphur.. .. 28%

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2% 6% 38 22% MY,

1 32% 124

2%

26 14% 12

ir Bay Ire; a Cp. 113 reo IaaR Air EB 9% yuant Sug p. Gu M&Oh pt . | ail —— Hack Wat .... 20% Ham Watch nt. 98 ik .... 13%

98" 13% 4 4% 58 ~ . 25% 25%

Hupp Motor ...

Ill Central ....

| 4+++: :

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2 105 6Ys 8 417% 42% 147% 147% 17 7 41 4Y, 1s 25% 11% 113, 53 53

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30 2Y2 88%

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Man Jones — Kalamazoo S-F Ya tan. C Sou ... 8 3% 28%

Ya 3%

87 28%2

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Rectal Soreness

Get Relief New Easy Way —Sit In Comfort

we lect itchy a, Ul broken 0 or so lial t Infection, A quick d of rec rectal ‘soreness is

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2 | sidiaries quarter ended March 31

y, |sidiaries March quarter net profit

ever

Net Last Change

esses

High Low 12% 12%

ov .135 Owens i Bass 43% 43%

1+

Pac G & El .. pacific Lig ... Packar 2% Pan are Alrwys 13%. Paramt_Pic Parke i” ‘v 3 Park Utah «1.1% « 17%

Chi Mines . on "G1 Sands 12% enn RR 203%

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. 13 pf.. 28% pf.111 2 Aircraft. 82 Vultee Airc -- 22 Wabash pf 26%2 32%

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26% 32% 183%

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Zenith Radio .. 113% 11% 11% + %

BUSINESS AT A GLANCE

A. E. Staley Mfg. Co. and sub-

net profit $468,900 vs. 1941 quarter. Black & Decker Mfg. Co. and subsidiaries 6 months ended March 31 1942 net profit $686,792 equal to $1.76 a share vs. $838,214 or $2.18 for 6 months ended March 31, 1941. Follansbee Steel Corp. and sub-

$488,722 in

$165,308 equal to 61 cents a common share. International Mining Corp. March 31 net asset value of common stock approximately $6.01 a share vs. $5.86 last Dec. 31 and $9.82 March 31 last

fa z5

: 8 |fat cows, [email protected] 3s |terday’'s 25 cents decline;

/s | 500. and heifers 7 sows i bull

m PRICES SAG 15 CENTS HERE

12,194. Porkers Arrive At Stockyards.

Most hogs sold 15 cents lower at the Indianapolis stockyards today than yesterday’s prices, the agriculture marketing administration re-

ported. Weights under 160 pounds were unchanged. The top was $14.10 for good to choice 220 to 240-pounders.

calves, 12,194 hogs and 767 sheep. HOGS (12,194)

csessccsscnne EE cesesesssnce ceesssessecse cesssssensce

13.90 [email protected]

seeessnsssece

Medium — 160- 200 pounds Packing Sows

[email protected] [email protected] [email protected]

1333 Bai 20 13.50

“sess sesesnns ssscccsncncss

ses sssesnenes

Good— 360- 400 pounds 400- 450 pounds 450- 500 pounds 13.60 Medium 250- 500 1 pounds ...... senerey [email protected] Slaughter Pigs Medium and Good— 90- 120 pounds

~ | CATTLE (1890) Slaughter Cattle & Calves Steers Choice—

[email protected]

M0100 pounds 2.50 1100- 1300 9 Pounds i: 0 i 50

Comm 780-1100 ¢ pounds [email protected] ch Steers, Heifers & Mixed

oice— Soe 750 pounds ........ eeees [email protected] od — 500- 750 pounds cease 12,[email protected]

Cho os 900 pounds cesssssscces [email protected] hoy.:90 900 pounds ..ecessecess [email protected] ed. 500- 900 POUNAS .vesssesnsess [email protected]

Common-— 500- 900 pounds ......cce.... [email protected]( 9. AER .00

Cows (all weights) 318

Bulls (all weights) (Yearlings excluded)

. [email protected] 9 0 10.00 8.00

CALVES i

Youlus (all weights)

$14. 0a 15.00 13.50

Good and c Com mon Sh LS di

Feeder & Stocker Cattle & Calves Steers

Choice 500- 800 pounds . oN011050 POUNAS .ccececessces 11.75 00! 500- 800 POUNAS «.eovesveasees 11. 213% lus pounds .ccccessceces 11.00

i Oog.1009 pounds .ececeerccies [email protected]

500- 900 pounds Calves (Steers) Good and Choice— 0 pounds down .......... . Medium— 500 pounds down Calves (heifers) Good and Choice—

-500 pounds down [email protected] Medium: 90

500 pounds down [email protected] SHEEP AND LAMBS (767)

Lambs Good and choice $13.50 Medium and good 12.50 COMMON {.3srciirrencisseenes 11.00 Ewes (shorn) Good and choice ........... FF Common

teevecessess [email protected] 813%

stssces erin

[email protected] [email protected]

14.35 13.50 12.25

6.50@ 7.50 4.50@ 6.50

Shorn Good and choice . . 12.75 Medium and goo gq ..-0n eee 11.00212.00

CHICAGO LIVESTOCK

Hogs—Receipts, 13,000; Opened 10-15 lower; later trade fairl active; 5-10 cents lower we oa Sertiay = £5 e ot} a and choice - . SoBe. 85: ; 180 lbs

160-18 1bs., $13.40@14; [email protected]. Cattle—Receipts, 5000 ves—Receipts 1200; Market more active; instances. 10-15 cents higher; no strictly choice steers here; most offerings, $11.50@14; avers e choice steers hel daround $16; choice 1081 1b. heifers range, $14 nearly steady; cutters, $8.50 down: 5; bulls firm with

¥ fo50: “ve top weighty Sausage offerings, 3 050; vealers Steady att % a aie. x 8 cattle fairly active at $11.90 9 chioite Yyeasiih Br 13.50. Cord @ eep—Receip yesterday's trade; fat lambs closed 15-25 cents hi > : closely assorted wooled Tier $14.50; bulk, [email protected]; a =ome weighty and medium grades 313 down; shorn lambs largely, .50 ewes scarce and quotable up ove; today 's trade: fat lambs Tully establishe fully stead ell 35; closely Sorted kind, 14.50 and abov WAYNE, May 5 (U. P. 0gs—10 to. 29 20 cents lower; 220-240 s: Pr So: 200- .» $13.85; 13 : 108.

30; 280-

0 $13.4 lbs., $13. 1: Mo 1 tne. $10; 100-130 bs: Ei 65. io S, Ss, alves, $14.50; Lambs, 2b: pi Lambs, $9. 50G

TI. May 5 (U. Ps up, 15 c 4 15 paid. for good 60180 Tos. "4 18: ot 0- med 50-160 lbs., $13.75: good SOWS,

Cat SR CRIDLS, 450. Calves—Receipts, Active prices on slaughter toes aly 35@40." Rents lower; SE feady but cows weak; comslsuphier steers - and 41030015: gh steers and 675-800 1bs. 2.75@13; steer heifers, 1020- 1073 1bs., $13; common medium beef cows, [email protected]; good ung cows to $10 and better; canner and cutter: cows, $6.50@9; oD ong cutters to $9.25; common and mi 11s,

gS is lower

on hes ers, heifers, and

h veal market slead¥ $15: good and choice, $14@15; common and medium, $11@14; culls, $10 down hee sg 51 200, steady. Few heavy 3 fant Thoice spring la slaughtcr shorn ewes, $3. has

DAILY PRICE INDEX NEW YORK, May 5 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ..uceccesvecesess 19749 Week AZO ...cccoeceessseess 156.85

ceessnse 131.89 cesesess 107.81

Year Ago 1942 High (April 9)

Top Declines to $14.10 as|

i The dip developed when follow-

% maintained a 1% poit rise to 62.

[email protected] |, /

ij|the war department’s surgeon gen-

{ |sonnel.

Month AgO ........cceees... 157.46|WarSpnd

Bank Clearings csdsssesrnecsrsernes Bank Debits ‘Postoffice Receipts .......ceeeveees Building Permits ....e.ccceeceenes Houses Apartments Business ....c.ec0es000000000000 Industrial Public ......escecsbercncsssss Repairs & Alterations ......cs. Applied for. JobS .........co00000000 Received JObS ..........ccc0o00000000 Filed Unemployment Claims ....... ‘Freight Carloadings: Inbound .......eco0 socesconnes Outbecund Electricity Output (kwh) .......... Water Pumpage (gallons) ........ Streetcar Passengers (April 25) ... Telephones In Use (April 30) ...... Livestock Receipts (head) ...cc.c0. Cattle

8000080000000 RIRNY

Sevens snsteeNNeRRIN.

Hogs SHEEP: corer sriercvarsrrsnsenes Grain Receipts (bushels) ..cccee.. Corn Wheat cecescssvscscesccccnccess Oats

Rye 0000000000000 0000000000 00

SOYDEANS ..:cosiceicssesssseeses

$0e00seer0ONOOLIOOIORIORNILS

STOCKS ARE MIXED IN QUIET DEALINGS

NEW YORK, May 5 (U..P.)— Stocks turned irregular in quiet dealings today after early firmness.

through demand proved lacking. American Telephone slipped down 1% points from its early high to a % point loss at 111, while du Pont gave up almost all of an early.1% point gain to 108%. American Can

Aircraft shares softened under lead of United, which lost % to a new low at 257%. Glenn Martin reached a new low on a small loss and Lockheed equaled its low. Bethlehem clung to most of an early s point gain, but U. S. Steel common slipped down to a minor loss while the preferred dropped 1% to a new low. Motors had narrow advances. Rails turned easy after initial firmness, Santa Fe losing a point to 36%. There was little in the news of market influence.

DRUGGISTS TO HEAR MILITARY OFFICIALS

FRENCH LICK, Ind., May 5 (U. P.).—Brig. Gen. C. C. Hillman of

eral’s office was to address the convention of the American Drug Manufacturers association here today on the use of biologicals in the treatment of the nation’s military per-

Gen. Hillman’s address was one of several by U. S. army and naval ;|officers scheduled for the four-day conference of drug manufacturers which opened yesterday, with approximately 200 members in attendance. Sectional meetings and discussions were held throughout the opening day, with addresses by Dr. R. E. Dyer, director of the National Institute of Hhealth on typhus fever, and by Edward B. Williams, assistant chief of the food and-drug division of the office of the federal security agency on the administration of the food, drug and cosmetic act. Dr. Morris Fishbein, editor of the Journal of the American Medical association, will speak to the conférence tomorrow.

GRAIN PRICES DROP IN EARLY TRADING

; [futures eased in early deeslings on the board of trade today, out soybean futures were firm. Wheat was off % to % cent a bushel at the end of the first hour; corn off 1% to 3% cent, oats off .% to up % cent; rye off % to 3% cent, and soybeans up % to % cent, U. S. STATEMENT me Ni ple 1s tho SuTIeR fiscal year throu Bh May Bpas

a year ago: Expenses.$24,357,352,541.07 $10,193,268,931 44 : 4,6 5,779.

104 74.03

53

5.970,990,049.28 4, 176, 41 082.25 29,837.02

hy

ciismsesesesesscesss. $02,811,000

. 287,860,000

Calves escsesesisecessen sesso

CHICAGO, May 5 (U. P.).—Grain | 50c.

« Last Week Last Week Weak Before A Year Ago $29,645,000 $24,358,000 $26,018,000 $72,591,000 $69,438,000 $86,930 $102,858 $180,705 $230,035 $158,600 $189,000 0 on $10,500 0 $11,605 1,487 740 300

$103,749 $194,231 $169,900 0 {Lo $13,500 il 9 $10,831 1,4% 20 265

3,795 . 2,389 15,150,000

3,764 2,721 14,629,000 258,050,000 1,816,582 +210 53,059 6,606 3,195 40,204 3,054 570,000 414,000 15,000 .138,000 0 3,000

3,731 2,872 13,391,000 239,760,000 1,451,837 +828 68,587 6,192 3.137 53,072 5,586 441,000 312,000 13,000 82,000 17,000 17,000

1,810,633 +363 64,463 6,428 3,660 52,381 1,994 489,000 357,000 15,000 112,000 0 5,000

Household Articles

Book ends; bottle holders; boxes and trays for jewelry, cutlery, combs, and toilet sets; bread racks;

cans or containers for anti-freeze under five-gallon size, artis supplies, bouillon cubes, candy, caviar, chalk, coffee, gloves, incense, lawn seeds, nuts, pencils, pet foods, phonograph needles, playing cards, razor blades, sponges, staples, tennis balls, tobacco products, toilet water, and yarn; carpet rods; Christmas tree ornaments; clothes racks and dryers; cocktail shakers; coffee roasting machinery; corn poppers; drinking cups; door chimes; knockers; closers and stops; drain boards and tub covers; flour, salt, and pepper shakers, flower boxes; pot holders; cases; fly traps; furniture (except wood furniture); hair curlers and dryers; hand mirrors; ice box exteriors; ice cream freezers; ice cube trays; kitchenware of stainless steel; laundry chutes; lipstick holders; sink aprons, and bath tubs.

Sporting Articles Bleachers, grandstands and stadia;

croquet sets; golf bag supporters; photographic accessories; roller and

and athletic goods in general. Office Articles Cash boxes and registers; dicta-

functional parts); letter chutes, openers and trays; menu holders;

office machinery used for: change making, coin handling, check cancelling, check cutting, check dating, check numbering check signing,

velope handling, envelope opening,

envelope mailing, fold contents of envelope.

‘Farming Items Cattle stanchions (except hangers

bells; fences and fence posts (ex-

storage bins (except hardware and reinforcing); tanks; tool handles and wagons.

Building Items All housing materials except as allowed in defense housing critical list. Miscellaneous Articles - Cigaret lighters, aquariums; flagpoles; footbaths; hat-making machinery; match boxes; music stands;

cases and sales kits; sign posts; spittoons; swivel chairs and statues. WAGON WHEAT Indiana Rolls Rour mills a

t bc Jad $1.11 per bushel or Wo. Jed Wheat (other 0

ellow shelled corn was bushel 1nd No. 2 white shelled co:

3 white oats. 50c and No. 2°% ’ oats.

Advertisement

DO YOU WANT MORE PEP?

Is Your Liver Inactive Making You Feel “Down?” Then you should try Hass Liver Pills

ing all the bile it should it is because the bile flow is not stimulated sufficiently

ice skates; ski racks, and sportihg|Bo

phone racks; fountain pens (except p

newspaper boxes or holders; novel-|Linco ties and souveniers of all kinds, and | =®

check sorting, check writing, en- ¥

cept on high priority ratings); train : strapping, | Kok water | Morri

parking meters; salesmen’s display :

Up to the close of the Chicago Market |:

2 3 races on their Toe poi 3

without delay. If vour liver isn’t secret-

1042 me Thus Far aw $4477 + 1% ir + 254 $1,733,767 4 54 $2,632,166 ~- 43.8 $2,050,605 + 148 0 ==100.0 $206,876 == 66.3 $138,500 ~- 91.1 $15,800 «= 88.0 $205,222 == 46.6 22,334 4 459 10610 4 24.9 9,519 + 53.8

1941 - Thus Far $381,605,000 $981,021,000 $1,644,788 $4,665,517 $1,794,825 $191,000 $613,544 $1,550,300 $131,400 $384,448 15,304 8,497 6,191

68,753 42,517 221,499,000 3,696,920,000 21,776,338 104,788 973,225 99,930 44,575 737,794 99,926 10,848,800 8,409,500 465,600 1,638,400 79,000 258,500

71,279 46,367 251,116,000 4,308,480,000 27,879,083 114,315 941,778 109,109 45,586 681,034 106,011 10,751,200 17,897,500 388,000 2,056,000 138,000 271,500

6.1 09 6.1 16.7

FT +b++1 +

g

+ 4% + 81

Sources of above figures: Indianapolis Clearing House Association, Indianapolis Postoffice, City Building Commissioner, Indianapolis Office of State Employment Security Division, Pennsylvania Railroad, New York Central, Baltimore & Ohio, Nlinois Central, Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co., Indianapolis Railways, Indiana Bell Telephone Co., Agriculture ‘Marketing Service, Indianapolis Board of Tey, Center Township Trustee, Federal Reserve Bank of Chicago, Indianapolis Power & Light Co.

Here Are Many of the [tems Hit by Iron and Steel Ban

WASHINGTON, May 5 (U. P.).—The list of 400 articles whose production soon will be stopped to conserve iron and steel included:

POLLED SHORTHORN BREEDERS CONVENE

LAFAYETTE, Ind, May 5 (U. P.), —The nation’s brezders of polled shorthorns convened at Purdue uni. versity today as the second national Polled Shorthorn congress opened a two-day stand. Prof. Don Kays, head of the ani mal husbandry department of Ohio State university and nationally prominent livestock ‘authority, will be principal speaker at the cattle men’s conference. Other speakers slated were Prof. F. G. King of the Purdue animal husbandy department and Charles J. Lynn of Carmel, Ind. Mr. Lynn is the owner of the Lynnwood farm, recognized for the excellence of its herds of Polled Shorthorns, Berke shire hogs and Percheron horses.

A cattle breed show and sale of 77 head was scheduled for today’s session, with a judging contest also listed as a feature of the show.

LOCAL ISSUES

Nominat quotations furnished by local unit of National Association of Securities

Dealers. Stocks Bid ents ance Co Inc com., 7 Agents oe Inc vid "

n

fd ..os

envelope sealing envelope stamping, | Algers Win:

ican an 5s 45 .. nt New: r 4148 43-

Ce SPA) en ka

ot

nsol

Sess s ines an

and fasteners); corn cribs; dinner n

epegel

seenee

in Tel 4% hia 45°69. 00. ..105% Richmond ‘Water Works 88 #7.1 eT) Term Corp 5s 67 U € Machine Corp 5s 51

ON HOUSEHOLD FURNITURE

.... including clothing, fuel, food and personal effects

may be had for as little as

for tira yori

GRAIN DEALERS

to correct faulty elimination. Constipation results, and that “low” pepless feeling, vour interest in life lags and vou're not vourself. Don't wait anv longer. Get Haag’s Liver Pls and feel *“TOPS!"

333.39 45. 1, 02, 313.487, 10 53,794,821,940.95(

year.

ALLEY OOP

Ar ‘WE CAN'T GIT

1942 Low (Jan. 2) «evs: 151.54

(Y'MEAN THAT BECAUSE WERE NOW WAIT, MY FRIENDS... NOT CITIZENS OF THE UNITED | THERE ARE MANY OTH

IN. YOU CAN

| MUNITIONS THE SHIP YARDS NEED MEN 0

WAYS YOU CAN Bae ]

22,519,414,323.08

OTHER

AN

IIR

TS Rr Z 4

Available at all Haag’'s Quality Drue ‘Stores in 25¢ and 50c sizes. 2

i

MUTUAL AGENCY, In

By H. T. Hamlin

THEN GO BLY YOURS EN, |] A MILLION DOLLARS “1 WORTH OF -WAR.

ELF