Indianapolis Times, Indianapolis, Marion County, 11 June 1942 — Page 20

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THE INDIANAPOLIS —_— THURSDAY, JUNE 11, 1042

NEW YORK STOCK QUOTATIONS FLETCHER BANK pris) 1 cs = = = REDEEMS BONDS cxcico

DOW-JONES STOCK AVERAGES CHICAGO, June 11 (U.P) 3 a8

30 INDUSTRIALS Yesterday ii 0.90] o Steel is being shipped so fast that it is shipped too hot for wooden

Week Ag0.....cc.oiueneens 108.61 +146 gilver Ts Faria’ Bd 281s me ws wa... ($500,000 Issue Called for| cars from the indians Harbor

3 Tew ar ie aes 97.18 Tos Suis Otis a ov 1 a . Yellow Tr .... gi gh, 2, 1 22; ‘Tow, 92.92. Zenith Rad . . 13% 1254 July 1 Is Last of which announced today it had set a new monthly production record That Series by increasing output of steel plate Another step in the gradual

PAGE 20

BUSINESS

State Prisoners May Soon Be Working on War Orders

By ROGER BUDROW

OFFICIALS AT THE STATE PRISON are getting ready for war orders.

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High, 1941, 133.59; Low, 106.34. Zonite 17 17% 300 per cent in May.

San BIG CHANGES MADE

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Total production for May was

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Hata ware

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High, 1942, 29.01; Low, 23.31.

they must soon quit making the products they are now a turning out because they are unable to get priorities.

.. 44% aes If they don’t get them, they fear|Xm £05 ot i: * 4 | Year 2 7

High, 1941, 30.88; Low, 24.25,

15 UTILITIES Ceareienseni 1221 essssscnceass 11.80

Yesterday

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NEW YORK, June 11 (U. P)—

directors with the calling for redemption as of July 1 of $500,000 in

liquidation of Fletcher Joint Stock | 80.000 tons of plate. The 76-inch | Land bank has been taken by its| Dot strip mill, the 100-inch plate

mill, and the 24-inch plate and structural mill contributed te the record.

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Anaconda 3% There are roughly 5000 men in the prison at Michigan Armour Del pt.100 City, the reformatory at Pendleton and the state farm at A550 Th pt": pi of od C . 5

Putnamville. Some of them have war skills, many don’t. A training program, anticipating war contracts, has been

set up. The prison, for example, has

made shoes, soap and light metal stampings such as license plates and p ORKER PRIC S filing cabinets, The reformatory has a foundry, paint plant, flour Y THE S AME mill and can also]

make blankets, | furniture, mat-

tresses, brooms and mops. The Top Remains at $14.15

state farm “can Hares 7815 Hogs Received

turn out furniAt Stockyards. Cal Packing . ee Pacific ...

ture, baskets, brick and tile. Several prob-|1 mHog prices were generally steady |Can lems must Bel. uo majanapolis stockyards to-|Case J 1 Roger Budrow worked out. Will Cater the men be given day, the agricultural marketing ad- lanes bi bi alssd gome sort of pay as an incentive ministration reported. Celanese and ol. $31 to production? What prices can be| The top remained at $14.15 for Detain teed Ff adv charged the army and navy? |good to choice 220 to 240-pounders. Shaw oR apt 3 Maury Maverick, Texas represen | po qints included 672 cattle, 646 Chi Mai Order. 3, tative who wasn’t re-elected, has| Ghrysier fii Bf 60%2 been placed in charge of prison war] | calves, T815 hogs and 274 sheep. Climax Moly Co 34% work by President Roosevelt. But Coleate E-F .... 11% John Klinger, director of the state HOGS (7815) welfare department’s division of Good 5 Choice— corrections, points out that whereas there are 190,000 persons in prison fn this country today, 170,000 of them are in state institutions. With a labor shortage impending, he believes the government should} Leh ve 1... 1 1 Superior Oil

Month Ago......ccociveieeee 1168 Year Ago.. A High, 1942, 14. 94; Low, 10.538. High, 1941, 20.65; Low, 13.51.

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a| Leading stocks fluctuated narrowly |11, per cent bonds dated July 1, in light trading today while special| 1940, due July 1, 1944, and callable issues ranged between gains of more | this July 1. go En aiid Iosyss of 3 points.| william Schiltges, president of NEW COAL DELIVERY ¢| Steels were slightly lower, motors| the pank, said this is the entire is- . I regTar and coppers steady. Union| gue of bonds in that series. The RULES ANNOUNGED acific lost nearly 2 points. Penn-|ponds are payable at par at the sylvania Railrohd, Southern Pa- Guaranty Trust Co. of New York,| wppne rndianapolis Coal cific and Southern Railway were at |i} City National Bank & Trust anapo Merchants the previous close. Co. of Chicago, and the Fletcher association today announced de~ °| Utilities were firm in several in-|muuct Oo. livery rules in compliance with the stances. Douglas Aircraft lost 1% Retirement of these bond ill | offi points to 54 in an otherwise nar- e bonds willjofice of defense transportation leave outstanding a total of $3,-|orq row moving aircraft group. 20000 in bonds. Fedral nw of order (No. 6) for conserving motor " several years ago provided for the equipment. They become effective gradual liquidation of all joint stock |JUlY 1. ' y land banks in the country. n No ores will be accepted for deAt one time the bank had loans | Very at a specified time of day or ENDS SUIT BY RG A on farm land in central Indiana of |Pight. No deliveries of less than $16,235,609. It's bonds outstanding She ion wil be Jecepied sd not less __| at this period totaled $14,730,000. ; Cit Joac! ‘0's wherever posNEW YORK, June 11 (U. PJ. sible. Five days’ notice is required An offer of $1,000,000 by Westing-| _ to permit better routing of deliver- _%| house Electric & Manufacturing Co. CORN AND 0 ATS UP ies and neighbors are asked to pool " and General Electric Co. in settle- orders for less than full truck loads 4 t of ting suit brought | to eliminate duplication of mileage ment of an accounting s oug k OM EARLY LOWS the same neighborhood or com0 by stockholders of the Radio Corp. | munity. ‘1y| of America has been approved by CHICAGO, June 11 (U. P.)— All equipment leaving coal yards { is| Supreme Court Justice Aaron J. Wheat, rye and soybean futures TUSt be loaded to capacity. Con- . | Levy. | Armed ins iv dealt ‘ sumers are asked to have all arThe action was initiated in 1038) early dealings on the rangements made for putting in the against the two companies and cer- | board of trade today. Corn and oats coal so there will be no turnbacks ‘% | tain present and former directors of prices rallied from early lows to|or wasted trips. ¢ oi 3 ROA, based on the charge that RCA levels around yesterday's close. At yesterday's meeting L. Lynn 4 Ban C Cc Sou ve Bl a% 3 Sia 3 & ‘RT ae Hp | had suffered financial losses through At the end of the first hour, Logsdon was re-elected president of eystone . | wheat was ‘4 cent a bushe ation. er ers 38 | Reyst tone Sti a series of transactions in the pe-|Wheat % to % t a bushel the associati Oth offic 2 | Kroger G6 & B' riod before 1932 when Westinghouse | Digher; corn off % to up %; oats elected include C. A. McKamey, unchanged to off %; rye up % to|first vice president; John Muesing, and General Electric owned large : blocks of the Radio Corp's stock. %: and soybeans up 5% to %. second vice president; M. E. Milli« esmadonsaindun Slightly increased government es- | can, secretary, and Robert F. Al-

itilize prison workers. Not only "160- 230 pounds ........... i 4% % Leh ¥ Cod : ¥ 3 : oe uld it heip win the war sooner Packing Sows ve 37 W/% — Plyehman © 108 nC IEei Phi Bu B ~ r timates on winter wheat production dag, treasurer. Clif Meier and J. Ins 3 3 3 lass... M% 24 $0 — %|Switt mu 23 v STRAWBERRIES NET tended to give the market a bearish |F. Brown were named directors-at-i" & My B.. 64

it it would make these men more Zoo 330 bounds ar ud for society “on the outside™| 330- 360 pounds .... C0-0PS $122 842 tone at the opening. After register | large. . ’ ing fractional losses, however, an| Other directors are J. Don Bal lew; J. Berl Sexson, Charles P.

nn they are released. Another n for awarding contracts to NEW ALBANY, June 11 (U. pP..|about-face in wheat futures soon ns is that there is a great deal = v brou ht fair rallies in other pits. Wright, Chris Iverson, B. K. Wilder, Two co-operatives in Floyd coun- 8 Pp Robert Bldlack, R. M. Mannon, 2ity, heart of the Indiana straw- George Longstreth, Paul Dindinger

~hinery which could be used, 40 million dollars worth. ® perry belt, have reported a total of! BIG LOSS 5 FE ARED and Fred Benham. H. A. Rogers is 54,355 crates of the crop sold since executive secretary.

1til recently, state prisons the opening of the harvest season NEW YORK, June 11 (v. Po.—, 10 ATTEND SCHOOL

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:* Telautograph .. Bounds i: 4| Telautograph pounds Crosy LC ‘ Crown getlr “ee eo: "500 pounds . i ub-Am Slaughter Pigs Sapam Su Bt. 4 Medium and Good— b pf 120 pounds - [email protected] ari We ciee 8) Curtiss-Wr A .. 20% 20% CATTLE 18) —f— .

Davison Chem . 9's Slaughter Cattle & Calves Da ok Co... 2a

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unable to sell their products State offices bought most 26% y, | for total receipts of $122,842 Th Growers estimated that, with the

of it. The U. S. attorney general has ruled, however, that prison- Li ; ai 31% 1 313 (... ae os 18 A h i “ie ] n ; ; 17% , y ‘ Rov... 13 , Vg ios 3 323i 7 | harvest almost complete, only about

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Bora ¥ i300 | & Hud

50- 900 made goods may be used by the 1- . . -. 13isel

armed forces. ceecsstecene 1395 ne tape out of the way, it is expected that contracts soon will be forthcoming 2 2 2 LIFE INSURANCE: Death benefits paid by British companies

With the legal red|1300-1500 pounds ..

1100-1300 pound

Good— 750- 900 pounds .ecssescccene He 900-1100 arenes . 13%- 1500 pound .

NSS 100 pounds i i ~ SatBassnsane 1100-1300 pounds ...eececenns —

Common— 750-1100 pounds Steers, Heifers & Mixed

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transportation shortages.

MILK PRICE IS $2.39

A uniform price of $2.39 will be paid producers for milk sold in Marion county in the last half of

3 per cent of the crop was lost as|The confectionary manufacturing ve a result of rain and labor and

industry stands to lose approximately $35,000,000 this year if it does the same tonnage volume as it did in 1941 and attempts to sell its products at the March price levels set by the OPA, according to Philip P. Gott, president of the National

Four Indianapolis bankers will attend the American Bankers ase sociation graduate school of banke ing at Rutgers university, New Brunswick, N. J. They are J. Albert Smith, Fidel ity Trust Co.; Francis A. Ohleyer, Fletcher Trust Co.; Frances Polen,

last vear were 2.1 per cent below the previous year, in spite of the war and increased accidents. However, death benefits were 10 |Chotesn per cent above 1939 and 18.2 per cent above 1938. British insurance companies now have 35 to 44 per cent of their Med assets invested in government Gutter and common ........ ‘ - anner loans which decreases their earn Siti call i) ing rate. (Yearlings excluded) ® uBR eereesssnscesess [email protected] ODDS AND ENDS: Outlook for eieen. [email protected]] fndiana’s peach crop is not so good| Medium «+ 2I3QI000 this vear, the weather bureau re- CALVES (646) ports. . . . Although it loses money Yealers (all weights) ® ® ® ® pn some products, because of price Gomon and medi aus ilinos an te oteel Ppamnant CHE co iiiiiiiaiiiaianiiinna . ceilings, an Illinois steel COTY Fetlét & Stocker Cattle & Calves was not allowed higher ceilings be- hig Steers TE ii i ~TANDAR cause it made up those losses by 500-800 pounds cretcanee Bei a I oA i. 800-1050 pounds teetatttente 1 | profits on other items. . . , U. S. “5 Steel Corp. alone will produce about JR Bounds carne HANGER at] 21 million net tons of finished steel 500-1000 DPOUNAS ..eceeeesees 10.50@11LT5 this vear, half as much as the axis Common. ds [email protected] can, and U. S. Steel represents only Cal ni ey :

a third of our national capacity... . Good An Raa Chicago furniture manufacturers) nes are trying to get sub-contracts on

those plywood cargo planes. . .

Cholce— Bast Kodak . % LY 500- 750 pounds [email protected]| East Kod pt. 3 1 Nott aace Fibres

ec Auto-l, ... Mi: 4 4 |May, the Marion county marketing | Confectioners’ association of the|Peoples State bank, and Harvey 8. 500- 750 pounds * "1% : 1 1i|Nat Auto Fib pf

|area milk administrator announced | United States, Inc. Petterson, 1471 N. New Jersey st. today. Since the seasonal factor is one

of the principal problems of the PATLY PRICE INDEX

industry, considerable interest was NEW YORK, June 11 (U, P.).~—

sR REE

Erie ‘ 3 ‘att bt b Us Dp 4 a cseessees [email protected] a “ Nat bas y 14 sa Stores A..13-32 13-32

48's iis pe : S. STATEMENT Univ (Piet 1 > 138 149 U. S aroused at the convention by news Va.Caro TASTING ION, June receipts 1d {o:00%: [that the OPA had revised the pric-| Dun & Bradstreet’s daily weighted LA inlay Ry "pf i i Hi current fiscal year through June 9 com-|ing schedule for the garment in- price index of 30 basic commodities, Warner Bros ..

d with Pe I Year dustry, which also has seasonal compiled for United Press (1930-32 5 Nerren oa at

Good— 0 pounds srsserstansee [email protected] um. “i 34 590-500 pounds +..u.isesenss 1075@1280) Fajurdo Sue: 3

[email protected] | Ficeatons tl 15% lintkote a [email protected] 9.43

BIW WW BBDUG ld a

Cows (all weights)

0: florence oe 193% F Mach . 29

ig 20 roster Wheel . 0% “7 | PFruehauf-Tr £ 18's will 9%

1 3%

This ene whe 12 811.058 wl 10 | difficulties. Although no direct com- {average equals 100): ment was made by officials on the|Yesterday 8 OPA’s actions, it was generally be- {Week ABO ....cccevveessnsss.. 154.87 "39871 54.870.394 502.48 | lieved that it may contain a formu- [Month Ag0 .......ccviesiess 15749 175.64 2250308415726 | 15 that might be exténded to the|Year Ago sveveec TITAG INDIANAPOLIS CLEARING Hou confectionary industry with desir-|1942 High (May 9) ....ee0...158.34 ey able effect. 1042 low (Jan. 2) ............161.54

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0,604. 7,453.

Pub. ‘Debt 74,572, Gold Res 22,716.40

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“That gul's gonna make a swell wife

Put your car on your Standard Oil Dealer’s Car Conservation Schedule. His skill in giving your car the vital services it needs—plus the use of top quality gasoline and motor oil—is the combination that can keep your car in top condition. Remember, a nation on wheels is a stronger nation. Keep America on wheels—help win the war

« [email protected]

Calves (heifers) | Good and Che

OPA is looking for a top-notch man | 208 pounds down . + [email protected] here, not connected with the real] 500 pounds do™n [email protected] estate business, to administer In- SHEEP AND LAMBS (27%) dianapolis rent control after July 1. Ewes (shorn)

SAE RE 1 LOCAL PRODUCE

and cholo avy breed hens, full-feathered, 18c: Spring red rock, 25¢: cocks, lic. er ——————————— ‘Grad ed Eggs—GCrade No. i 35¢; No. 32¢, Stocks Bid

Good Medium n and good. pro hens, Good and ehoice Itry 3 cents less. rade A medium, 28: Sha PF a tions rutnished 5 rade. 26c. miter of Nattonal stufiier (Bri ces on produce delivered at ® cian. t RR Stk Yds cesenene Walley O00.) t BR Stk Yds prd pireind

ARERR mae WARY

for some lucky guy!”

To make your car last long, ren well,

@ “Some time ago she was smart enough to figure out that it takes two people to keep a car rolling—a careful driver and a skillful service man. “So, she came in to see if we would help prolong the life of her car and tires. I showed her our Car Conservation Schedule and explained how cars are built to last well over 100,000 miles if they’re cared for. “Know what sh. said? . . . ‘Okay, Mister —from now on we pamper this car. I'll bring it in weekly — you look it over and do what's necessary!’ . Smart gal—she’ll be driving her car a long, long time. I like to help folks like her. Believe me, the guy who marries her ie going to be lucky . . . and I don’t mean just because of the car!” % # % Buy United States War Savings Bonds and Stamps to help guarantee victory.

rs, 2 to 3% 1bs. colored. 24c; white| Medium and good No. 2 pou Bres—curtent receipts, 54 Ibs. and up, L 3815@40c; No. 2 38@ quoted bv Ti!

AIDS IN LAND BUYING B D. James Snodgrass, Indianapolis, Rae formerly stationed at Osgood, Ind, as representative of the lands divi- cca sion of the department of justice, | Ing Ziv SN ig has been appointed special assist- pe cibhshnns ant to the U. S. district attorney |josoie wai here to aid in land acquisition.

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STANDARD RED CROWN

GASOLINE. . . the choice of midwest motorists by a margin of 3 to 1* over any other brand.

To Keep Valuables Bafe Rent a Safe Deposit Box at

* Tat INDIANA NATIONAL BANK | vaifes ‘ser co

of Indianapolis Van Camp Bhd ..iccencs

an Camp Milk com ...eceene

STANDARD'S 150 Vis MOTOR OM

. « « high in protective powers, low in carbon formation, famous for giving

ol \ \ - p " long engine life. YOUR STANDARD OIL DEALER IS

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Ram

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