Indianapolis Times, Indianapolis, Marion County, 25 May 1942 — Page 4

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Business Factory “

Reporter Skeptical About Damage” Done by Bombing

| pete By ROGER BUDROW

A BUSINESS REPORTER BACK FROM EUROPE,

James L. Wick of the Prenti tongue in his cheek when he

ce-Hall organization, keeps his reads of R. A. F. or Nazi luft-

waffe claims of extensive “damage” done in bombing the

other's war industries.

Camouflage has been carried out so extensively in both

Great Britain and Germany believing that they have hit

that pilots are deceived into a worth-while target whereas

many times what they actually did was bomb a fake target, such as a steel mill, no more real than a Hollywood movie set.

One British steel mill has been

bombed repeatedly by the Luft- . waffe, so it thinks, but that steel

mill is still going strong. New factories have been scattered everywhere, even deep in the forests. Other plants look like just a hill from the air. In some cases, he said, those “great fires” which break out after bombing are actually set in order to deceive Roger Budrow the . pilots and throw them off the real target. In spite of bombing, British war production has grown enormously Mr. Wick said, and thus he concludes that bombing alone will never end the war. ‘Mr. Wick, who was here over the week-end, also noted a big building boom in the countries not yet drawn

_ into the war—Sweden and Spain.

He believes that these people are putting their money into something tangible so that in the event of Nazi occupation, they will have a better chance to preserve their wealth, He found that many small concerns in England have been forced out of business by the policy of concentrating production in the larger, more efficient companies. Last. week the WPB started that policy in this country, but concentrated production (stoves in this instance) in the smaller plants, ordering the larger stove firms to make war goods. By reversing the English policy, this country may not see as many small business failures as England has had.

» ” ”

~ ODDS AND ENDS: Hunting for & huge planer to machine large

* metal plates for experimental air-

craft work, the tooling information service maintained by the auto companies found just what it wanted in a southern Indiana limestone mill where it had been used to cut 15,000-pound blocks of limestone. . . , Guaranty Trust Co. of New York believes Australia’s big industrial expansion for war will put it in a good spot for post-war business. . . . Coal dealers are irked oy customers who call up and want delivery the same day they order coal, although it won't be used until fall. . . . Fremont, O., stores are selling Japanese goods at cost, turning proceeds over to United China Relief. . . . Railroads are enforcing their “keep off the platform and out of vestibule” rules as part of the FBI anti-sabotage drive. . . , Those|, “dimouts” in the east are cutting outdoor advertising.

Holly Sugar Corp. fiscal year ended March 31 net income $1,810,{176 equal to $3.32 a common share vs. $1,660,659 or $3.02 in previous

SCRAP DRIVES ‘BRING IT IN’

Pacific Coast Steel Mills Unable to Keep Up With Supply.

CLEVELAND, May 25.—Intensive scrap metal collection drives throughout the country are pro‘ducing “good results,” the magazine Steel said today in its weekly summary, reporting that the current scrap supply is meeting the steel industry’s production needs. The trade journal estimated that last week's steel operating rate dropped 2 point to 99 per cent of capacity, but attributed this small decline to the need for open hearth repairs in a number of districts and to the curtailment of pig iron supplies in Pittsburgh, rather than to any lack of scrap. Some scrap melters, the publication said, are now trying to build up reserves for next winter, but

made at Buffalo where scrap ship-

and barge canal and on the Pacific coast where scrap receipts are running ahead of consumption. While production and deliveries of steel are at an unprecedented rate, Sted] said, demand is outrunning the industrys’ best efforts and war requirements “are crowding out practically everything else.” “Critical ratings are moving up steadily,” the magazine said, “and producers who have been forced to refuse all business rated below A-1-A are receiving directives which jeopardize commitments even at this top rating. “Steelmakers who have been able to promise delivery at lower priorities find the margin steadily narrowing. At the same time, orders are increasing as more manufacturing plants complete conversion to war production and enter the mar-

to continue for some time, until changeover to essential goods is completed.”

* LOCAL PRODUCE

Heavy breed hens, full-feathered, 19c: Leghorh fens, y 1%, Bs 1 roilers, to s s. colored. 26c; wiije and barred rock, 27¢, cocks, 1lc, All No. 2 poultry 3 cents less. sERRS—Current receipts, 54 lbs. and up,

Teiraded Eggs—Grade a large, 28c: grade A medium, 27c; grade A small

fag; Butter Ne 35% 4014 ee No. 2,- 30 7 Cc, 0. 3 sole Dutterfat No. 1, 3c’ N No. 2, Me e 8S on produce deliver at jo apolis, quoted bv Wadlev Co.). i

Detroit Gray Iron Foundry’ Co. 1941 net profit $20,575 or 4 cents a

share vs. $60,952 or 12 cents in 1940.

# Qe Marilyn's 3 farnaus difignac wit hip

sur con. WA, 2404

apillyn Tuna %

2440 N Meridian St

RE-WEAVING

of MOTH OL EURNY

LEON" TAILORING CO. 235 Mass Ave, I» the Middle of

the Fist Block ————

WE Buy Diamonds

HIGHEST C PRICES T pald. Bl

STANLEY Jewelry

118 W., Wash.

Go.

Lincoln Hotel Bldg,

FUR COATS f.argest in the

NY ALT AL01]) RYLAL:

INDIANA FUR GO.

29-31 East OHIO St.

Levinson Has the STRAW |

For You in 42 Seti 81.95

Panamas $2.95; $3.85: $5

Hong Lvinren YOUR HATTER

\ WANT KD I Tan Tims

Buy United States™t |; VICTORY STAMPS

LIVINGSTON’S

129 W. Washington St.

SAXOPHONE Sf tes Instruction

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

LIU R {AH AT ¢421 N. Meridian St. TA. 3371

Distributors for

U. S., TIRES USE YOUR CREDIT at

MOSKING ji CLOTHING COMPANY

181 W. Washington St. Ofrectiv Opposite Indians Theater

WHILE THE REST OF THE TOWN SLEEPS HAAG'S ALL-NIGHT DRUG STORE

22d and Meridian IS OPEN

Make Woodworking Your Hobby. Use

MOTOR DRIVEN TOOLS Exclusively at VONNEGUT’S 120 E. Washington St.

LOANS

THE INDIANA TRUST CO. Allied With

The Merchants National Bank

SPS rssh

servi

TIRE LIFE EXTENSION GOCDYEAR

in most areas they are having little |€ success, although a start has been|G

ments are being received by lake|C

ket for steel. This trend promises |

| pared with a

10 TO 15 GENTS

Stockyards as 7730

Porkers Arrive.

Hog prices at the Indianapolis stockyards today were 10 to 15 cents higher than Friday's or Saturday’s bulk sales, thé agriculture

Weights below 160 pounds advanced ‘15 cents while heavier weights rose a dime. The top was $14.40 for good to choice 220 to 240pounders. Receipts included 1925 cattle, 636 calves, 7730 hogs and 251 sheep.

HOGS (7730)

[email protected]

fae 15: 20@1 1430

16- 220 pounds [email protected] Packing Sows Goad and Choice— 300- 330 pounds ... 330- 360 pounds Good— 360- 400 pounds 400- 450 pounds ...eeeececeee 450- 500 pounds ...%.cccecnne

Medium— 250-500 pounds Slaughter Pigs Medium and Good— 90- 126 pounds CATTLE (1925)

Slaughter Cattle & Calves Steers

ereseness $14.80 .50

ssesssssscces

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

[email protected]

[email protected] [email protected]

Cholce— 1750- 800 pounds ... 900-1100 pounds 1100-1300 pounds 1300-1500 pounds

ssessscvnsnne

Good— 750- 900 pound 900-1100 pound 1100-1300 pound 1300-150) pound

Mediu 750- 1100 pounds 1100-1300 5% bounds

Comm 750-1 1100 3 pounds . Steers. Heifers & Mixed

holce— 500- 750 pounds oo. [email protected]

00d~— 500- 750 pounds .......... ooo [email protected] Heifers

sectecpsnns

11.75 11.75

13.25 13.25

“ests ssenec, ssesscssneney

hoice— 750- 900 Good— 230 900 pounds ceececsssssse [email protected]

Medi 500- 800. )_ pounds esescsnnsnsss [email protected] [email protected]

500- 900 | pounds Cows

Cutter and common Canner Bulls (all weights) (Yearlings excluded)

CALVES (636)

Vealers (all weights)

Good and choice Cojhmon and medium

Feeder & Stocker Cattle & Calves Steers

Choice— 500- 800 pound sessseeceee $12.28 $00 1050 Pounds . 12.00

Go 500- ‘800 Pounds ..ecccescsee. [email protected] 800- 1050 POUNAdS ..ccesesceces [email protected]

Mediu sesesscsscess [email protected]

S49-100¢ 21000 ) pounds mo: - 500- 900 1 pounds ..cc.e0eee..e [email protected] Calves (Steers) Good and Choice— 500 pounds dOWI ee.vceeccss edium— 500 pounds down Calves (heifers)

Good and Choice— 500 pounds dOWN ..ececneen

13.25

esecsee

12:[email protected] [email protected]

500 POURS OWN «+erervsen.s [email protected] SHEEP AND LAMBS (251)

Good and choi Common and Chedium

Good and choice ............ 13.50 Medium and good ........... 12.00

CHICAGO LIVESTOCK

Hogs — Receipts, 12,000: generally 1515 cents higher ep Friday's Vi to $14.50; choice 180-330 os. 2 £9 ood and choice 160-180 1b. a 4.35; few lots Jacking nd below: g 550-1b. sows largely $13, 85@ 14.10. Cattle—Receipts, 19,000: calves receipts, 1000: fed steers and yearlings weak to 25 cents lower, mostly 25 cents down on geod to choice offerings, selling at $13 upward; largely fed steers and heifer run, largest ‘since early January: heifers 15-25 cents lower, cows mostly steady with s Sup. plies small; bulls active and fully 508 y, and no change in vealers at $15.50 down; common and medium grade | steers selling under $13. only 10-15 cen off; Jargely $12, [email protected]. market, hid top, $15 Sn choice weighty steers, with average choice kind bid around .50; choice heifers, $14.25; we EhiY £1 Sutter cows up to $9.50: fat offerings, [email protected]; heavy sausage bulls to $11 pe aid gun stock cattle fairly SLarse; choice calf Yearlings to country at

Sheep—Receipts, 4000; fat lambs slow, early sales around steady: seven doubles medium to good, 2- Ib. California s around [email protected]; one deck, $1 3 lots choice and medium shorn lambs fully steady at hy Sardi small lots native a’ Hw 7

14.50 13.50

: | down

OTHER LIVESTOCK

FT. WAYNE, May 25 (U. P.).—Hogs— 10 cents higher: 220-240 1bs., * ie. bs, 15 ®, 1¢ -200

30-140 Ibs.’ 0 $13: roughs, $13.25; 1.50. Calves, 4.50 mbs, $15;

Ss, clipped Ll. $12@14

CINCINNATI, May 25 (U. P.).—Hogs— Receipts, 2925; weikhts over 150 lbs., 15 : i for good and choice ; 275-300 1bs., 300-400 , 160-180 1bs., and good 150-160 Ibs., $13.90, 140- 35g 1bs., $13.50; good grade sows, $12. [email protected]. Cattlr—-Receipts, 900 = Calves—Receipts, 400: sle.ughter steers and heifers over $13, steady, under $14, strong, mostly around 35 cents higher: cows and bulls active, igher: choice steers scaling lbs., $13.75: strictly food to choice 1193 1b. steers, $13.50; 880-1050 1b. steers, 813.50; common 950- T00° 1b. steers, $11.50 @12: common and medium grade offerings, [email protected]: very little in steer and heifer trade under $11.75; common and medium hoot cows, [email protected]; good young cows to [email protected]; canner and cutter cows, $7.25 @9.25: common and medium bulls, $9.50 @10.75: good sausage pfterings, 1 25; veal calves jteady, top, $15, choice, S14@15 sotmon and eos, $11

p—Receipts, "900; Spent lamb market 25-50 cents hi her; 70-82 1h. springers d to choice Bren clipped

lam t! freen oped ons down

bs, $11 pelts, $13, S0d13. 50, slaughter ewes, $6.50

DAILY PRICE INDEX

NEW YORK, May 25 (U.P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930- a average equals 100): SAUrday ..occveicecesanesees 157.14 WELK B80 cevssassisnnennsass 15653 Month 880 .....cvevsenesens. 191.55 Year ago te reasensveces 135.96 1942 high (May 9)....ce0.0.. 158.34 1942 low (Jan. 2).....

"U. S. STATEMENT

WA ASH TON May » (U. re ern Soeliis 3 current fiscal year through ay 22 comyear Lan

This ast Y Expenses. $26.965. 083. “184. 14 $10, 200, 461, 413. 55 WarS 21,241, 33. 333. 37 5,232,220,168.78 L s ah +4 4 3

Gate, 71,453, $974.810:480 b. Debt 78734.824.

54,155,002.843. INDIANAPOLIS CLEARING mouse

Service Store Ww

$14.40 Is Top Paid at Local

matketing administration reported. A

A Am Zinc oe 5B oy .3 . 14.

[email protected]| B

12,[email protected] B

C Bes isenevein [email protected]

C pOUNdS ..cceccecees [email protected]

C 13.50

E: . [email protected] |!

Am Airlines ... 30 B

Am Am Bosch Am Br Shoe 3% Am Br Shoe pt. 12300 Am Can 63% Am Car & Fay. 20% Am Colort; Am om . 8% Am Os, Sug. . 15%2 Am & F P $7 pf 23% Am Haw von 20

Bald Loco 51 . 10% & . 22

Aviation Corp : a

Bayuk Cig Bell Aircraft .

Beth Ste: 5 Beth Sree] 9 » 108% Blaw-Knox ... Boeing Air .... 13 Bohn Al & Br.

pf 80 Brire PJackson. 12%

Callahan Zine. 3% galum et & 8

Com Eom Nairn .... Sons Aircraft . g pr pf wre Bamon 3 3

Cont Oil Dei i Corn Ex Bnk . 28% Corn Prod .... Crane Co ..... Crane Coot . Cream oe Crown gore ¥ ot Rk

Curtiss-Wr . . Curtiss-Wr A .. 20% int Dayton P&L nt. 1053 Deere & Co .... 21% D Lac & W.... 2% Bet + aigon - sees Bome Mines 3: Dolan. Sik ©: 9 Bu Bont -... 106% ———

East Alr Lines. 22 fon. Mt 3

21% 262 26

ec Ex-cell-o

Fed Min & 8 . Fed Mogul Fed Mot

restont T .

1 8% 3%

Folla Follansbee S pf 33 Food Mach 28% Freept Sulphur 30%

Gen Am Inv . Gen Gen Cabl Gen Gen Gen Gen G& Gen G&E Gen Gen M Gen

aay

ant ny t North »i:. id Di reyhoun rumman Air E

OnOQQOQNAOA0N0 Q \ el a

Hayes Mig ... Hecker Prod .e

Hupp

Ill Central .... 5% m Coptial L % 343, Inland S 551% | nspiration 2 91 Interlake .. 8% Int Harvester 4 Int Int Hoa ml Int M a. Int Min Ch 4 Int Ficke] Int Paper Int Paper pf . Int T&T . i Int T&T For .. 2%

Jewel Tea ..... 203%; 203% Johns-Man .... 52% . 82% Jones & Lgh .. 1 18 ll falamazoo S&F 8Y (e lsey- Hayes B ge Lennecott A 21% {eystone sil .. {inney 5 pf . Eresge ss

8% 67 27 3

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RACER ERRRRNY

“ve

ME OWNER Sod JoLp.

JULY 1

3% ERE CENT. At

f the a 3 toda; ecretary o ry 0cay

The s offering ® folders of Home Sor No July em n to “exchange th ese bonds ‘tof Noten maturing

63 | mediate action bank or through the of their district.

Rear

ma 1946. Holders ‘of the called bonds who e

nds. called for re-

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DOW-JONES STOCK ‘avemacs " 30 INDUSTRIALS °° Saturday ......ceiaviigein.. 99.25 Week 288 ...cecevcvncencecs 98.65 Month 280 «...ccecovavecics $8.89 Year ago .cc.cccecessassee.. 115.98 High, 1942, 114.22; low, 92.92. High, 1941, 113.59; low, 106.34. 20 RAILROADS

sett essstinnncne

0.07

Saturday ... Week ago .. Month 280 ....ce0sc0000eesse Year‘ago ...... see High, 1942, 29.01; low, 28.72. High, 1941, 30.88; low, 24.25.

15 UTILITIES

Set ccsscacestrocas

24.01 24.25

Saturday Waek BEO ..cecvcnvcssoccians Month 880 .....cccc000esese YeRt BEC .cocensatnsaacerss High, 194%, 10.94; low, 10:58. High, 1941, 20.65; low, 13.51.

11.95 11.88 10.60 16.85

Net Last Change 173% 7 si

High Low More & Ess ... 173% 17% otor Prod ... J ulling p ee 5% ——N—

Murray Nat Lg ses 14% Nat ol G Kis Nat t Bt pt 8 Nat Distillers

Nat Gypsum pf 3 t Lead p 1 .

SE Be J

» &* RIES REST

AER S Sete GwS man

Ee ar

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we Pn Pac Coast 1 pf. 17 «ol

kod pt -3

bag T&T

REL BEES SREEFEE

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49! Reading f pf . 231% Real a Reliaple s ores. yh Ram % Reo Mot oe 3 p c 13%

: su 43 3% Revere 7 Bt 112 Reyn Tob 4

( Sateway

pt Jos Ca BE vas Arms Schenley Dist . Seabd Oil oars Roti

{Union B&P .

U S Steel pf ..109 o| Un Stk Yd vese11-16

| sian

5 High Low Sunshine Min . ae Syming Sod ne

Tenn Corp .... 73% 1 Xexao & Pac .. 1

xas Co ..... fex G Sul .

+1:

ses ar

4 8 imk D Ax .... 24 MNmken R B .. 33% Pransameri 4 9% . 10 5% wl Und Ell Fish.. - 33% 83% . 8% 83%

[rans West Ar 20th Cent Twin a oe

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Fa FEES

LIED (H+ Fee Rae ae

| i fee

108% 11-16

+ %», # a

Vadsco of ..... yanadium

LI+]:

6! Vultee Airc af 11% 1A —W—

Wabash pf w i. 30% 35% Walworth 3 Yarer ren Br. se ke 4%

Warren - Br Wash Gas

"aE Eyes

slit

PURDUE TO TRY OUT RUSSIAN DANDELION

“ Times Special LAFAYETTE, May 25.—Purdue university announced today that it will grow, experimentelly, the Rusdandelion (kok-saghyz) to ascertain its rubber-producing po-

{ tentialities,

Purdue's agricultural research station is one of 20 similar organizations in the nation’s northern states selected by the U. 8. agriculture department to make these experimental plantings, according to Dr. W, W. Lambert, associate director of the experiment station. » The’ seed is also being sent to Canada and Alaska where climatic conditions are similar to those in Russia where the dandelion is now being grown. The seed was received 4 few days ago by Purdue officials as part of the first shipment of 100 pounds of seed to arrive in this country by air “after experiencing many of the hazards of war while en route,” Dr. Lambert said. The Russian dandelion is an annual, Dr. Lambert said, and it will be possible to make it an important source of rubber by 1943. Rubber is obtained from the roots of the

W plant and where it is acclimated,

yields of 30 to 50 pounds of rubber per acre may be expected. U. 8. agricultural officials have emphasized that shipments of this seed are entirely for experimental plantings—to supplement the meager information now available in this country on the possibilities of

kok-saghyz as a rubber producer.

thi: 401+

Your 5 Young Sh fo: 80 Young Sti 3

P11

Zenith Rad .. : N% 11% Zonite 1%

WHEAT, SOYBEAN FUTURES DEGLINE

* CHICAGO, May 25 (U. P.).— Wheat and soybean futures de-

1; |clined fractionally in early dealings on the board of trade today. Other |close.

futures held steady to firm. Wheat was off % to % cent bushel at the end of the first hour; corn up % to 3%; oats unchanged; rye unchanged to off 4; and soybeans off % to 5.

elevators a:Plother grafes ont on thelr merle)

Jed w whea Mo. | 2 white anelled. ¢ corn, she:

gis ST N02 ed cute:

Cattle Feeders Meet at Purdue

Times Special LAFAYETTE, May 25—The

spring meeting of the Indiana Cat- | Beit

tle Feeders’ association will be held Friday at Purdue university with the feature being a forum on cats tle feeding ‘in the first world war. J. Calvin Thornburg of Greens-

burg, association president, .announced the ‘forum will be com-

Allen Smoker of Goshen, Brother

others. Another feature of the all-day |g, meeting will be the inspection of|J 70 head of good grade Hereford | V steers that have been on winter-

sults of these feeding tests, which are designed largely to determine the value of sargo and corn silage when fed in combination with cottonseed meal and soybean oil meal, will be reported by Prof. P. C. King, head of Purdue’s animal husbandry department. The morning session will get under way at ‘10:30. G. B. (Jerry) Thorne of Chicago, associated with Wilson & Co., will discuss the general meat and beef cattle situation.

Fruehauf Trailer Co. March quarter net profit $400,519 equal to 90 cents a common share vs. $447,433 or $1.01 last year; het sales $6,633,-

208 vs. $5,614,469.

n posed of E. E. Hurst of Monrovia, Leo of Notre Dame and several I Ind P

spring feeding tests at Purdue. Re=|a

NAT! ATTACH

SLOW MARKET

Prices Decline on Main List; Bethlehem Steel's $2

Drop on Exception.

NEW YORK, May 25 (U, P.)o= Indications of increased Nazi attacks on Russia today slowed stock market business to a minimum and brought a narrowly irregular decline in the general list. ; In a few instances there were losses of a point and more but these were exceptions. Most net changes amounted to small fractions. Bethe lehem Steel lost nearly 2 points and came back nearly half. At the low —Jowest for the year—of 49%, the issue was off 1% from the previous

Half-point declines were noted in

a|American Hawaiian Steamship,

Chrysler, U. 8. Steel, Chesapeake &s Ohio and Westinghouse Electric. Quarter - point recessions were made by du Pont, Lockheed, PepsiCola, Southern Pacific and Union Pacific. A sizeable group was down ¥% point, including General 2|Electric, General Motors, Kennecott, U. S. Rubber and Standard Oil (N. J). Sales to 1 p.. m. totaled 117,300 shares, against 197,300 sHares in the corresponding period Friday.

LOCAL ISSUES anit of Nat oa) Cia of seturitios ers: Stocks Bld Ask Finance Co Ine BH: 20 3

S COM ........ B1 Pid. covers B3

Agents Agents Finance Co Ing Bele RR Btk Yds 1

or com 4 bn Mich 1% ord’ , phe | Yr 6% td PSO

s Bat 4 cess aenae Pal : come 9%

seeesepane

tained

sPub Se Serv of Ind 5% pid. *Pub Serv Ind Ine So Ind GL 50 2:

Bonds

Alyers Wins'w W RR 4%8...... .g8 rican Loan a 81 .iievenn American Loan 58 45 ........ 97 Cent Newspaper Alas ok } Ch of Com Bl 8s 51... Ci Citizens Ina Te or i esses 10: Consol Fin 5s

Ind Pub rv 3%s sasuen Ind Tel 4 Pub Ev 8 of Pub

Nha py a Works St ibn

Richmond 5 Works 5s 57.10 A 0" & Machine Gorn 5s 5i <1... 98 *Ex-Dividend. Casco Products Corp. year en’ Feb. 28 net profit $200,249 equal tu $1.17 a share vs. $208,109 or $1.22 in preceding fiscal year.

Dealers Invited! Public Invited! Everyone!

IN MY 20 years of

selling merchandise at auction — never have I had the opportunity of offering to the public a more complete wholesale stock to be sold at unrestricted prices— everything goes! -

'E M. 'HOAGLIN

E) J

ge Re 2” 3

CEVERYTHIN

DURING

SALE NOW GOING ON!

THIS

TERMS) =

AUCTION SALE

Practically Every Conceivahle Piece of FURNITURE for the MODERN HOME

UNITED DISTRIBUTING CORP., 1018 NORTH MERIDIAN ST. FORMERLY INDIANA'S LARGEST

WHOLESALE FURNITURE DEALER

QUITS BUSINESS

REMAINDER of $150,000 STOCK of FURNITURE TO BE SOLD DIRECT TO THE PUBLIC

1018 NORTH MERIDIAN ST.

Hundreds of Nationally Advertised ITEMS!

10 A. M. 2 P.M

3|UNITED DISTRIBUTIN