Indianapolis Times, Indianapolis, Marion County, 7 May 1942 — Page 21

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30 INDUSTRIALS Kress . gaa d 1% 15% wo 7% 3 |Shntions, Freese CHICAGO, May 7 (U. P.).—The 4 International Livestock Exposition |Bobpe Merril die oe ped 11100 scheduled for December, was post- iris Thesier 5% iE poned for one year today hy vote of Hook Drug, oo Som the exposition’s board of directors. |Ind Assoc Tel 1 5% The 42d exposition was canceled Ind & Mich 7% pt after receipt of word from Joseph ind Hydro le 1%. B. Eastman, director of defénse|Indpis Pa: 5%.4 transportation, that common car- Indpls P&L cor rier facilities will be taxed to the udp utmost by the handling of troop Li movements and travel directly con- |

nected with the war effort.

CHRYSLER REACHES | = He

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NEW HIGH FOR YEAR EE

NEW YORK, May 7 (U, P.), —|Sent Newspaper 4%s 45-51 ... Stocks pushed forward fractions to Seno aor o esos more than a point today under the Crabb-Reynolds. Taylor ‘aa. lead of Chrysler, which reached a |Home T&T 1 Wayne be gs new 1942 high. dp . . The improvement occurred after tadbls Railway Co 58 67 ..... a mixed opening. Chrysler opened |Kafomo Veter Works 86 58." unchanged and then ran up to 56%, Morris 10 Sires. 58 LE 9. up 1% point and a new peak for|Muncie Water Wor “ the year. Demand spread to other Nha issues. General Motors firmed ‘3% point to 33%, Standard Oil (N. J.) Wi rose a point to 33%, and Westing=| 0 a Meirine abate si house Electric gained 1% to 69%.

Most of those sues haa: ovencd RY [)LLEY HEADS

Ee = pt 98 96 Bethlehem extended an initial % n M&M .7 13 4 point gain to 1% point at 56%, and BANKING GHAF Fe. 3 34 + |U. 8. Steel replaced an opening

small loss with a minor gain while] Members of Indiana chap Youngstown Sheet rose almost a American Institute of Banking, 1 /+|point. Such issues as Johns-Man- night elected Roy T. Dilley of Wile, Trion Catbide, Su Pont and| Fletcher Trust Co. president for n rose about a point.|co HOW Steel pf... 110% ie” 110 % Aircraft shares recovered to small Sing Year. a Vom gains after easing to their lowest | tional bank.

of ees 25% 25% 1 5 levels of the year earlier. Other officers named at the meete: Postal Telegraph preferred, Good-|ing in Hotel Lincoln are: Thomas year common and Goodrich pre-|Hendricks of the Security Trust ferred reached new 1942 highs on|yice president: Carl Seet of the Ine gains ranging to a point in the last.| diana National bank, secretary, and Robert Gair and International|yrloyd Rinehart of the Merchants: Telephone were very active. National bank, treasurer. y dev, % 13 : Mr. Templeton announced inet Il Glass 5" il Ire & P31 + CHICAGO LIVES TOCK Paul E. Jones of the Indiana ‘Trust 5% 5 Se. 15%, 3 3 Receipts, 10,000; uneven; opened |Co. had been appointed to the nas 18 s Wi 44 SEE or Jower than yesterdays | tional publicity committee of the to mést good 18 ; bulk 180.330, bs, iad ios. [email protected]: A. I. B. Evans Woollen Jr.,

i d and choice 160- a) J dent of the Fletcher Trust Co e Fletcher £13} 50@ 33. with a few" lighter weights, at the meeting.

13.75@ ts, 5000; Calves—Receipts,

. ams Exp .... 5% T+ Yo|Yesterday .........iic00e... 96.71 —0.58 aska Juneau. ’ 2 q2 0 see esesvgscence le Case of Local Inventor Shows|ates corp’: iis 1idh nid Ziiga| Week Age .--eoooiseninnee 9635 +070 3 Year Ago ees 116.34 —0.53

Al C f vic Change in Government Lending [4] Las": os ir High, 1041, 133,50; Low, 106.34.

ai E a Allied Stores .. 1 20 RAILROADS

Hk 2 \llis-Cha, ; imelada Pet .. iy ROGER BUDROW Ch Del . Yesterday tessscssenscsneses 24.54 mAg Week AZO ......v0ovvvevveees 24.30

'TOPROVE THAT THE GOVERNMENT is really lend- BOREL as oor MN ing money to small war manufacturers who need it, they|Am gin Me i nwnrn rior B90 “are telling the story about a well-known Indianapolis in- High, 1941 30.88; Low, 24.95 ° i gL _venitor. During the first world war he made, by hand, some Am 1

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"aircraft parts. Am Mach 4 Iw tres sanssusirvensy "53 sis th Ago ... y y RH .... 47 “Not long ago the ; army air corps called him up and as oo a Ya Year au , Ea fof p told him they were sending him a contract. He hadn’t even| R & ; 2 2 se I nu, 1 us; Low, i, hatl Bid. j 18% for one but it seems he was the only person they tng .. te ; me Kiew of who knew how to make this aircraft part and they Store wees 3 i Curtiss. wr 4. 8h Low last Change|Melrory of we: i Am 7 1

had to have it. - 5%

well Mead COI ... : But this inventor was practically | Davison Ch aelvine sh he Bu broke: and he had to have around F

10 Day P&L Pern cu u pt. 108% 108 : to buy materials. The order 3

| Deere fee ant. 1 pian Cn i didn’t require machinery and he mma j i wed wt ot 2 TO $14 LOCALLY Be ; friend’s shop for

5 Pet ... 13% Deere Midland Stl pf 93 Minn Hoy his “plant.” It was impos-

vue - 3 ible to get a bank a i M a him the 10-Cent Decline ade on

Minn-Mol A Tex ot a an Mont Sassi © Hy Mor ain Mig 3 ve tp F174 : ee Nw: sash Kal tees’ 5% Boney bevaiise nel Weights Above 160 Nat Auto Jib pt 6% wo Beil loa in ‘Pounds. East Alr Lines... A i ingle Eat, Sas ores when he Was] Most hogs sold 10 cents lower Elec. Auto-L, ae a a _making toys that than yesterday at the Indianapolis didn’t make a/stockyards today, the agriculture oe profit. marketing administration reported. ‘Roger Budrow A friend o J The top declined to $14 for good heard that the governmen oy to- choice 220 to 240-pounders as lending money to help war pr Tome weights above 160 pounds made a tion and sent the inventor to . i 10-cent drop. Lighter weights were war produehion, Boats aibees named |unchanged. Vealers were. steady Circle Tower “see with a $15 top. x Ketcham.” When H. O. Ketohall| "peceipts included 828 cattle, 600 14 ¥ IEP oh head of the NEE ae calves, 9520 hogs and 983 sheep. . 23 23 tien is 33% for Indiana, hear ’ : - Wheel. . | derstood why the banks here ° didnt want to lend the money (be- HOGS (9520) cause of the defaulted loans), but) Good to Y [email protected] he ‘also understood . that the air Fesiericderes 133001380

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ATM. corps wanted the inventor to doj j5” 150 Sn 1385013. Jackson’. 13% that job—a job that had to be done.| 180- 200 . ; d So he went to Chicago to see the Teaiareelilll 1390@M4 05 Sal Fackin 18% h acts| 240- 270 crereeeenseee [email protected] G2) ATOR AHO Federal Reserve ‘bank, whic ac essen . Can Pacific A 4% as fiscal agent for the army, navy £0. 330 resaseeanenes 18, 30@13. Cap pit rl 2 and : maritime commission Which | 330.360 pounds [email protected] | Garpenter are now empowered to make loans Packing Sows Caterpillar T girectly to business instead of go-|C Celanese 2nd i ing through the tight-fisted Jesse 13.60013.15 otex Jones. The Federal Reserve said | ¢ era Core de Pasco o. k, they would underwrite the 15 400 pounds serseaas 13.55013.70 M 2

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109 "Gatilefece ip ol » x ; good and choice s ers steady; TT Tt ire Ca eral market less active than yeste: common and medium grades wok to 35 OTHER LIVESTOCK. cents lower; - largely, Bil, [email protected] steer] CINCINNATI, bday. (U. P.).—H trade; sizable supplies, $14 upward; larger | ceipts, 2550; s. and over, supplies weighty steers in crop: top, $ $15.75 lower; 160-180" 1bs, for 1263 lbs. as well as 1513 1b. RLY 1bs.. iar? cents lower; $15.50 paid for lon $14; oth bo oil} er - ing Slagtes Sead); bully fai fairly active, Sits $9: 25@10: wal AE sausage oulls 1 $10 (0.60 Zenith Rad 115 11% SD ao aby aie phe ve 31, en ses : y yd 2 Sheep—Receipts, 8000; few early bids | topped at $13; common and

Rad ... 1% 1% 1% and sales on choice wooled and shorn |slaughter steers and heifers, lambs Strong to 15 wag higher; three |common d medi beef cow Wh io decks 90 1 Clippers ith No; 1 and No. 29.50; good y skins, 312%! holding 3 ers at $13; asking $14.75 and upward for choice Wool to $9.2 me i a choice 130 1bs. clipped ewes Bulls ®50. 25@ 10. 5% © : steady at $6.75. $10.75; veal calves s ow “top. he and choice, :, 810 down com g CHICAGO, May 7 (U. P).—Grain| U. S. STATEMENT ,Bheep_Receipt, 100; good clipped HE

tures firm lings| WASHINGTON, M: P.) —Govern- 11615; at ph slaughter ewes, fu ed in early dea 5 ment expenses and “Toceipis for the cur-|@5. AYNE, May 7 (U.

kard Pan Am Airways 14% araffine Co. 23 Paramt Pict ... 13% ark Utah 1%

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13.40 13.75 [email protected] | Cent Foundry.

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loan for an Indianapolis bank. 50- 500 ds .. i 15:[email protected] Upshot of it was that our local| 250- 500 pounds [email protected] inventor got the loan, is working Slaughter Pigs on that needed job and very likely | Msdium and Good Woo

will have more to do when he CATTLE (828) finishes. Slaughter Cattle & Calves ” ” ” Cholee— Steers

. NOW, OF COURSE, that is an | 750- 300 pounds ove pro * exceptional case. ‘Mr. Ketcham is 1001200 pounds : uett Peabody. 3%

emphatic about the fact that the |1300-1500 pounds ..........,.. . 14:25 18:30 Coca-Cola 4. 2%

“government is not setting up a seats vanes [email protected] Ln . 37% man in business with government 1 : or 12. 5@ 14. 3 money.” He has to show that he . [email protected] © 750-1100 AS serareresshe. [email protected] "ithe plant, evuipment aod the | 1100-1300 Pounds veevesreiehas 11,[email protected] | & coming. (In the case of the in- 50-1100 pounds [email protected]| & ventor, plant and equipment were. | chosce- Steezs, Heifers & Mixed g unnecessary but “know-how” was SN. 50 pounds [email protected] Cons oh " -important—an had i 500- 750 pounds [email protected]| Cons Edison all-im * a he Heifers ons Qk xan NEITHER is the . government 738-500 pounds ......ceeis0 [email protected] competing with the banks, Mr.| 750-900; pohnds .seseeeens.. [email protected] Cont Ketcham says. If a war manu-| 500- 900 potrds ..........q.. [email protected] facturer needs money and has good Chmm 900 pounds [email protected] credit, he simply gets him in touch Cows (all weights) with a bank and that’s that. But Soo if the loan is something the banks | & are afraid to touch and if war pro- Bulls all weights) 4 : Kalamazoo S&F 7% 1% duction is at stake, he gets the Yearli luded Ralamasoo S&® 3 Federal Reserve or Reconstruction Bee fpeatlings excluded Cul a 8 . 3 6 .... Kine pis 28%. 28 Finance Corp. to underwrite the us he | 8 o Curtiss-Wr .. 8 hie Kresge D 8... 17% 11%

local bank’s loan, usually up te 90 Medium **- * uiter and common ........ PEE Senh oh in CALVES (600)

TAKING THE POWER from Vealers ‘(all weights) Jesse Jones has streamlined gov- Good 2 nd me aiid ernment lending. Loans do not [cull A Jaave to 9 £0 fSvagh alF the Wash. a Poeder & Stocker © Cattle & Calves n pe anymore. ; 30 offices throughout the country, | 0-800 Bounds --..-.....1. HG like the one here, empowered to |QO03 5, yy | LL... [email protected] ; lend up to $100,000. One Indiana B0:1050 Pounds ; cersensdnens 11, 0013.00 : manufacturer got his loan |"560-1000 pounds ...c.ceece... [email protected] : : for my carl” through in only four days re- — gies EAS ; ~ cently. Calves (Steers) : : 1 en 8 2 8 . Good and Choice— . . . 4 . il % °

ODDS AND ENDS: Chairman |,j%, pounds d [email protected] | . J —— Bror Dahlberg of Certain-Teed 00 pounds down [email protected] : *I'm going to coax a pack of miles out of that Sai : ; — =

Products told a common stockholder Calves (heifers) : . at yesterday's annual meeting that 308 pounds down sae sib [email protected] automobile. Of course, it's getting a lot of keep _

there wouldn’t be any dividends Jor dS down [email protected] em rolling service, but I'm not forgetting the at least two years and when the HEEP AND LAMBS (983 : ap AL Ly Stockholder asked how much salary 8 (983) : stuff that makes it tick" Time's past when 191 he (Dahlberg) was getting, said the Good and choice [email protected] take chances on gas and oil. Nothing's too good “ tinent” and re.|Medi d good [email protected] ripe Theis Eamon Rad, | 100Gizse| for a car that's gotta see me through!” are fine for grain and hay crops Good and choice 6.50@ 17.50 There's no better guide to quality than the

Indiana needs some Common and medium 4.60@ 6.50 / a orn lambs overwhelming popularity of Standard Red

warm weather now for early melons, |Good and hore HERE [email protected] per Crown gasoline and Iso-Vis motor oil. You can

sweet potatoes and tobacco. . . . Medium and good .......... [email protected] Plants for dehydrating sweet po- L tatoes are being Dullt in Texas (50 RENAME COTTON HEAD : rely on these great Standard Oil products. They'll

tons dries down to 15 tons), . , .| NEW YORK, May 7 (U. P)— The jute that once went into a|The New York Cotton exchange to- help your car See yay through! living room rug will now make 46|day announced the nomination of : sandbags. . . . Heavy floods in Hun-|Robert J. Murray for re-election as More help to keep you rolling—Right

gary and Balkans are hard on president of the exchange. now your Standard Oil dealer is featuring an

Europe’s “breadbasket.” . . . Wall : A ved Car Co olin Schetiulgsat Street perked up yesterday on ru-| LOCAL PRODUCE ppro r Conservation vie—a promors that England’s plan of turning back excess-profits taxes after| Heavy breed hens, full-feathered, 10c; : gram of service and inspection designed to make the war is being discussed by the|"ghOmD hens. the. colored. Ze: cors and fires last much longer. Have him exhouse tax committee. white and barred rock, 246; cocks, ite. : :

1 No. 2 poultry 3 cents less. : plain it to you. A nation onwheels is a stronger Bo bE : 3 : ET

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on the board of trade today. rent fiscal year through May 5, compared EB Wheat was up % to % cent a with a Yea? eh Year Last Year Stead wa 5 cents Yower, od Ti ow bushel at the end of the first hour; Bap’ ses. $24,800,90817 53 $10.335.614,44738 $13.88: cH 200-220 1bs., $13.80; “Ho-tio 1 1hs., Real Sik corn yp % 2 %; oats up x ur 2 5. 837,550,545.80 6030,031,065.10 | $13.80: 260-280 1 . $13.76: 280-300 hay 2 rye up % and soybeans up h bal. 290 937. '337.424,796.28 | $13.60 3 ., "$13.40; 140-150 1bs., AN ffs “oop : a “| Announcement of an increase in|Vike. bal Zi4scseate sel s0sresiz|diii3 15: Ths., $12.90; 100-130 lbsy yn “Tob. B. hy the OPA ceiling level on cottonseed |cold res. 23/703,454,577,51 22,519,678,493.02 + Houghs, $13. olags HL antes: Richfield oil .. 6% oil futures (effective May 11) stim-| oC 0 RING HOUSE z y, [ulated buying of May futures in the|ciearings ..................:.:..8 7,431,000 A SAFE DEPOSIT soybean pit and touched off stop |Debits . 21,180,000 loss orders in the market. BOX ow COST

WAGON WHEAT To Keep Valuables Safe : 9 Different Sizes the close of the Chicago Market Rent a Safe Deposit Box at $3 to $100 a Year

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red wheat (other grades on their m ! ; z fe, yay, shelch, Sort wie’ 365" 2u¢ | INDIANA NATIONAL BANK [il Security Trust Co. No. 3 white oats, 50c and No. 3 red oats, of Indianapolis . 130 E.” Washington Shell Un oil 11% 50c. o—-

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DAILY PRICE INDEX | *&fiaea me A large, hae nation. Keep America on wheels—help win PT | | ! n NEW YORK, May 7 (U. P), —| “8 Wc “Hy No. 3 4a the war. + x x Buy United States War Savings y ; : Tn

Dun & Bradstreet’s daily weighted | *!/&}ices Sk geuveréa ‘st dian: Bonds and Stamps to help guarantee victory. price index of 30 basic commodities, |apolis. auoted bv Wadley Co

compiled for United Press (1930-32 sess

average equals 100): Ey ; : Week 50 rorrornnnrn. 561) JNSURANCE COIL IS AMMUNITION . . . USE IT WISELY] go | Month ago Bbasccssssnrsscnse 157.81 ; > . : : : Fi3 - ; : Year ago 00 0000000000008 0000 132.31 on bP p ’

1042 High “(May 6) .......... 157.85 1942 Low (Jan. 2) .......... 16154 Property

FOUNDRY WORKERS VOTE || +. sage insurance policy Employees. of Crawfordsville nat protects you from throe Foundry Co. Crawfordsville, Ind. | i commion hazards: will vote Friday to determine] : EFT + FIRE whether or not théy wart the|j BURGLARY: TH International Moulders & Foundry} i Workers Union, Local 372, A. F. of| i L., to represent them in labor relations.

SAFE DEPOSIT | 3 CR

GASOLINE. he dh of midwest mts

LM DEALERS 5 (iby a margin of 3% r over any other brand.