Indianapolis Times, Indianapolis, Marion County, 12 June 1942 — Page 22
PAGE 22
BUSINESS
Gets Special
Indiana Refrigerator Maker
Price Ruling
By ROGER BUDROW
IN ONE BIG SWOOP, the government froze prices, realizing full well that hundreds of exceptions would have
to be granted. But as OPA chief Leon Henderson said, “We A
had to start somewhere.”
One of the complications of price-freezing, or to be more| in
exact, price-ceiling, was that run into by Sunbeam Electric Manufacturing Co., one of the biggest firms at Evansville,
Ind.
Sunbeam made refrigerators just for Sears, Roebuck. This big mailorder house, in turn, sold them to the public. Sunbeam did not sell directly to the public at all. Now it is allowed to sell refrigerators only to those who have a preference rating from the WPB which means only those guarding the public health and welfare, not the general public. Roget Badrow Never having had a retail price, the March ceiling order did not apply to Sunbeam. So the company had to apply for a special ruling on its case. The ruling, just issued, allows the company to charge a price which covers its cost of production and allows for a reasonable profit, provided the administrative cost is in line with that which the company had last December.
WHERE BUSINESS WAS NOT SO GOOD
This statistical map, just published by the state welfare department, shows the areas where public gid was the heaviest, as of the first of this year. In worst shape was Vermillion county (Clinton)
third person was getting some form |
of public help—WPA, direct relief, etc. The shaded areas comprise what is called the “coal-mining belt.” Location of huge war plants in this district is expected to improve conditions considerably. The big industrial areas—the factory counfies along Lake Michigan, northeastern counties and Indianapolis (Marion county) —busy on war work, have very little need for public aid. = * » ODDS AND ENDS: The U. S. employment service is trying to get high school and college students to register for farm work, even inexperienced city-bred youths who may be needed to pick fruit, berry and vegetable crops. . . . Likewise the employment service is trying to get farmers to let it know how many workers they will need.
There may be a drive to salvage old |
pianos for iran, brass and steel. . .. Paper shortage boomerang: Retail stores eliminated paper bags and some wrappings, cutting sales of paper companies when there isn't a shortage anymore. . . . Mayor LaGuardia is trying to get more war business for New York City where unemployment is still considerable. « « « “Brass” eagles for flagpoles are now made of a plastic. . . . Weekly carioading figures of railroads no | longer tell the whole story because
| Cholce— 500- 750 pounds
G where every
PORKER PRIGES RISE 10 CENTS
Top Advances to $14.25; 9414 Hogs Received at
Local Yards.
Hog prices advanced generally 10 cents at the Indianapolis stockvards today, the agricultural marketing administration reported. The top rose to $14.25 for good to choice 220 to 240-pounders. Sows sold from $13.50 to $13.85. Receipts included 292 cattle, 550 calves, 9414 hogs and 172 sheep.
HOGS (941%)
cesses ttsssene sstsscnsssnce *eseavssssene sessestsncane ssessesssssee
14. 10a it 15
ggusuEEs sed
160- 200 pounds
Packing Sows Good and Choice— 270- 30¢ pounds 300- 330 pounds 360- 400 pounds
esstcssesenss
ssssssssscens
stscestescece
Good-~ 360- 400 pounds 400- 450 pounds 450- 500 pounds
sssesssetocee “esses senssess
*esesevsssane
Medium— 250- 500 pounds Slaughter Pigs
Medium and Good— 90- 130 pounds .........." «. [email protected]
CATTLE (292) Slaughter Cattle & Calves
Choice— 750- 800 pounds ... 800-1100 pounds 1100-1300 pounds 1300-1500 pounds
Good— 750- 900 pounds 900-1100 pounds 1100-1300 pounds 1300- 1300 pounds Mediu 750- 1100 pounds Ju. Axe pounds
FA S588
x
esvtecnvnsce
11
pn 1100 pounds [email protected] Steers, Heifers & Mixed
ereeces [email protected]
cesess [email protected] Heifers
cssssescesses [email protected] cessessscscse [email protected]
sesssevseane
cee
Good— 500- 750 pounds
Choice— oR 900 pounds
750- id pounds Mediu hind . 900 pounds
on-— So 900 pounds Cows (all Welrhin) 9. —21e- 5 i 9.75 Cutter and common 9. Canner . Bulls (all weights)
(Yearlings excluded) Beef—
GOOA- «c.oveeessncencrsesnses. [email protected] Sausage— 11.50 | 1
Medium . Cutter and common 8.75@ 9.75
CALVES (550)
Vealers (all weights)
Good and choice ..... [email protected] Common and medium
, 10.00 Feeder & Stocker Cattle & Calves
Steers Chaoice— 500-800 pounds PNT 9.1050 pounds [email protected] >00d-— 200- 800 pounds [email protected] 8900-1050 pounds Medium— Sp 100 -1000 pounds om 500- 900 poun€s .... ile Calves (Steers) Good and Choice— _ pounds down Medium — 500 pounds down Calves Good and Choice— 500 pounds down Mediu 500 ands down [email protected]
SHEEP AND LAMBS (172)
Ewes Good and choice
[email protected] [email protected]
[email protected] [email protected]
, Common and choice
Shorn Lambs
Good and choice Medium and good
Spring Lambs Good and choice Medium and good
June So Fara Slim Month for Brokers
NEW YORK, June 12 (U. P.).— Trading on the New York Stock
cars are being loaded heavier than!
formerly to ease the freight car bottleneck.
LOCAL PRODUCE
full-feathered. 18c; tern hens, 15e. Broilers, 2 to 3% Ly colored, 23c; white and hatred rock, cocks, 11c. nw Br, 3 cents less. t receipts, 5¢ Ibs. and up,
i. Graded rade A, Barge, ae de A me am, 28c; grade small,
utter 1.30 % ®40c; No. . butterfat, No. 1, 35c; No (Prices on produce Mhveite
apoiis. quoted ¥ Wadley Co.).
Exchange so far in June has totaled 3,510,710 shares of stock and $56,259.100 in bonds. On that basis, the full month projects to a mere 8,814,128 shares, smallest for any June since 1914 when the total was only 3,990,591 shares, and the fifth smallest June of the century.
I The bond total projects to $141,-
246,236 for the month. That total is larger than the June figures for the years 1939 and 1940, hut otherwise is the smallest for a June since 1918 when bond sales were $140,240,500.
AN INVESTMENT PROGRAM FOR THE DURATION OF THE WAR
1—Buy U. S. War Savings Bonds and Tax Savings Notes.
2—Buy the Securities of Corporations which are engaged in the production of vital war material.
8—Buy Securities of Corporations which perform a vital function in maintaining the “home front.”
Cry Secorrres CorRPORATION
incorporated 1924
INVESTMENT BANKERS
417 Circle Tower—Indianapolis—L1-55635
20| Bush
30| Calumet & 14. 15] Carpenter
D scecssensssses [email protected] D [email protected] Dr
THE INDIANAPOLIS TIMES
NEW YORK STOCKS
By UNITED PRESS
High Low Ae Abbott Lab
vo. 441 ddressograph . 15 313% a
Va 1
PrEEEpEpEES
— Bis BOD BIRD OTR
Can % Car & Fay 233% Som Ale- a
Am AMSE Pu 8; pf Bi MachaFdy 10% Meta 1734
ed Lad od A
B Tob pf ag Am Spe | F Am-Visco Am Woolen pf. Am Zinc . Am Zinc pr Bf. Anaconda .. Arch-Dan-M
Aviation Corp..
Bald Loco ct...
Borg Warner .s Briggs Mig Bristol-My ... Bklyn U U Gas... Bruns-Balke Bucyrus-Erie .. Bucyrus-E 7 pfl d Mfg .....
50| Bud
Bulova “een Burroughs .... Term ....
Can Pacific
Carriers & Gen Caterpillar T lanese
pot OF bet pt 03 8 Sn
Ce
BIO pt
g
& Ohio 30 hic GiWRySDI hi Pneu 1 ty I&F pf ... ty Stores .. limax Moly Co Coca-Cola Colgate FP Col & Aik ... Col & So 1 pf.. Col Broadcast A Col Gas 6 pf .. Col Prctures .e Com Credit ... com Iny.Ir.... Com Solvents .. Comwlth & So Comw & So pf 24 Comwlth Edison Cong-Nairn .... 1 Cons Coppermin Cons Edison ... Cons Oil Cons Coal pf .
On 4
929009000
BOB Lg DIBD COE rgd
1 SAR R900 N00 00 RR
Pe A Ter
— Ll Ww ®
- Sone Sas POF ST
Cont Oil Del . Copweld Steel Corn Ex Bank.. 3 Crane Co Crown Zeller ... Cub-Am Sug .. Cub-Am Sug of. Cuneo Press ...
| Curtiss-Wr
Curtiss-Wr A ..
Davison Chem. Decca Rec ne
18% 8% Dome Mines 117% Douglas Airc . 33 Dresser Mfg 14 Du Pont ..... ais 112% ——
Kodak ...126 126 Boat 1% NY Pw&Lt... 1 1 El St Bat... 312 31% El Paso N Gas. 207; Equit. Bldg ... a Erie . Erie ct Eureka Vac
East
[email protected] | Fi
Flintkote Florence Follansbee Fost-Whil pf . Fruehauf-Tr ..
Gair Robt en Gen Sen Gen Sen Gen
73% Gen Motors of. 124% Gen Pr Ink .... Gen Refract ... 18% Gen Stl C pf... 55% Gillette S B i iS Gillette S $5 pf. 50 imbel Bros ... 4% Glidden 14% Goebel pro) ok Goodrich .. 17% Goodrich of. 07% Goody 173%
| Gt Nor Ore ....
Gran: Paige 5% Grant WT .... 28 15/ . 20% 23
Gulf Mo & Oh..
Hack Wat of A Harna 5 pf .... Haves Mfg ... Hecker “rod ... Holland Furn.. Hollander - Son
Hud Bay Mes.
Ill Central .... Rayon . Intercehm Intercon Rub .. Interlake Ir.. 5 Int Business M 127 Int Harvester.. 4634 Int Hy .. 7.16 Int Int Int n
38 511%
28 2812 3274
56%4
Johns-Man _.... 56% 3 u»
Jones & Lgh 18 Jones&tgh pf B 63 HR Kalam: zoo Ber 2a Kan C Sou . 31% Kennecott Kinney 5 Kresge SS 2 Kroger G&B . 267% r= 20%
Laclede G pL.. Q . 22%
Yo... 63 Li & My B.. 63% Loc! een Aire. . 3
Loew 4 Tone Star’ Cem » 34% Lorillard .... 13%
Let Atkins show you
Net Last Change
44% 12Y2 31% 2Ys 173s 13315 10 12% 5% 24Y,
Oh AG WR TA
0 CAP nN
MON NIN) Lee ae
= thn) 00ND OU ht
<a
Sk CEE:
Wo “JU nS 2a
how
easily you can brcote a home owner~—through a di-
rect - reduction
mortgage plan that calls for rent-like
monthly payments,
and
brings you to free-and-clear RS
home ownership
SOONER. No charge for
mortgage applications.
Buy U. 8. Wer Savings
Bonds Here
FERRET: 1+
—
gy . a pC So
“oe . a =
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Hoo! ? 'Bome T& ane Ad fd.. Ind Asso Tel 5% pr v .
DOW-JONES STOCK AVERAGES
: 30 INDUSTRIALS Yesterday ...cecoceceicee.es 104.99 Week AZO ....vesensssesaess 104.41 Month ARO ...evvvsenvesese. 97.98 Year Age ...cv.0caivnneaaaaa 12231 High, 1942, 114.22; Low, 92.92. High, 1941, 133.59; Low, 106.34. 20 RAILROADS
®ecessssescnssenne
+0.30 +0.80 +0.85 —0.67
23.41 23.54 24.09 28.36
Yesterday Week AZO ..cocvcvcvcencncas Month AZO ...ciovcvsacssces Year Ago Serenns High, 1942, 29.01; Low, 23.31. High, 1941, 30.88; Low, 24.25. 15 UTILITIES Seteetnscrrecserees 12.23 12.06
Yesterday Week ABO ...occcsenesnccess Month AZ0 ..cccoeveeveessss 11.80 Year Ago 17.60 High, 1942, 14.94; Low, 10.58. High, 1941, 20.65; Low, 13.51.
ssseseveesecetgane
Net High Low Last Change wen ack Tr. ....... 2044 acy RH . . 18%
agma ..
aring, Mid Sf
29% Va 18% Ta 20% Ya 2% Ya
artin Parry . CCIory ....... ead SoD, cons ead Cp pf.
erch & Min.. esta Mach ...
[ullins pf ... 56 urphy G C .. . 5414 Murray 5%
gs
Dept St... Distillers Gypsum .. Gypsum pf 70 Lead 13% Lead pf B. 83
134
Eq pi
i / Owens I Glass 3h a7
11%
19%,
Pac Coast 2 pf. G&El 27 85
Pepsi- Cota 21 Pere Marquette
es MILD DD btt pet BI et >» ou -
—-
—_ DOr ih bt bd B30 =]
Dap on.
Bn £ Pure O 6 Df .. of
Bogio hrs Rayohier sy
Republic. Su Reyn Spring
Rustless T&St .
vage Arm Schenley Dist: . 154 Scott Pap 30! Scars Roebuck | 53%
Socony-Vacuum So Am Gold ...
Sw Swit Intl ..... 23% 23%
333 303% 6%
33% 191% 8's 87 2434 75% Transamerica Truscon Stl ... 20th Cent Fox.
Twin R.T.. Twin CR T pf 231
Und Ell Fish... 35 . v4
U 3 Univ Cyoips sti 13 2 Univ Leaf T .. 714
Vanadiu Yar . 20 rginian Ry : 3 Virginian Ry pf. 2 38a: Nominal guotarions rurnished by local unit of National Association of Securities Dealers. F Stocks Bid Ask
Stk Yds Aveiiees 8 vet Stk Yds p heen 8
com." 4%% vid
20 31% 51%
8
CR
ven
eee 85 29
Ind & ih 7% Ind Hydro Elec Ind Gen Serv 6% ‘pra’ Jnapls P&L, XN vfd . Indpls P&L bl hei g Tndpls Water 5 So pfd “10 rindpls Water Class A com... 33%
anes
Se ; rg bd
RRCODOONNR | | Bonds S RR Mic eels
art Newsmaver 4a Rie
4251.00 Hes 51... Sin he. 5 50 e's a
¢|oats unchanged to up 1%; rye up % 2 to 1%, and soybeans up 2 to off %.
*| the below-parity sale of government
| cows,
Net High Low Last Change —— Walker-H-G&W 34% Walworth i»
Warner Bros West. Auto “Sup. West Uni West, Air Ske’ . Westing El _.. Westvaco pt - 101% White Mo 13% Willys Overland 12 Wilson & Po. Woolworth . 267% —— Yellow Tr. ..- 113% 11 You S & W. 6% 8 Young Sheet .. 29%; 29%
PAD adh DO ps Tin 4 Ce Oi TOYO Lo
I~
= Ld
Zenith Radio... 12% 12% 12% + Ya
TRADERS NERVOUS OVER GRAIN BILL
CHICAGO, June 12 (U. P).— Wheat and rye futures firmed in early dealings on the board of trade today. Oats were steady, but corn and soybean futures irregular, At the end of the first hour, wheat was 1% to 3% cents a bushel higher; corn % higher to % lower;
The Senate-house deadlock over
wheat for food and a growing congressional movement for 100 per cent of parity loans affected nervous price movements. The possibility of a presidential veto of a farm bill without the below-parity provision brought about weakness in corn, oats and rye futures near the opening for fear of competition of government wheat in the feed markets.
STOCKS DECLINE IN VERY LIGHT TRADE
NEW YORK, June 12 (U. P.)— Stocks declined fractions to 2 points today and then steadied around the lows of the session. Volume was at the lightest level of the month. There were only a few wide losers among leading shares. They included American Telephone at 113%, ex-dividend, off 2%; Allied Chemical, 13314, off 2; Chrysler, 593%, off 1, and Westinghouse Electric, 70%, off 1%.
{LOWE PRESIDENT OF BANK AUDITORS
Clifford Lowe of the Bankers Trust Co. has been named president of the Indianapolis Conference of Bank Auditors for the coming year, suceeeding Charles H. Hittle of the American National Bank. The conference held its annual election last night at a dinner meeting at Hollyhock Hill. Other officers named are: Francis Polen of the Peoples State Bank, vice president. Oscar Frenzel of the Merchants National Bank, secretary - treasurer, and Kurt Mahrdt of the Indiana National Bank and Forrest Davis of the Madison Avenue State Bank, members of the executive committee.
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 MISCELLANEOUS Invitation No. Date Bid Closes June
2127- RS%—Pins, office, steel, type, 11,
15 2128- 83 Bags: Kraft paper, grocers’ self-opening, 4-l1b. to 25-1b. sizes.., 15 2129- ore, vg cotton, No, 13 3% -inch Type B, polished, solid braided J 2130- ce, ) 1, (plain, finest qualit 26125 -SP6_Siftwood lumber; pins 2, common, air dried .... 2612 86 Softwood lumber: Douglas fir (coast type) No. 1 dimension; Douglas fir Fooring
green,
southern
Times Special EVANSTON, Ill, June 12— Prominent industrial and governmental officials will attend the. formal dedication of Northwestern university’s technological institute here Monday and Tuesday. Speakers will include Chairman Donald M. Nelson of the war production board; Charles F. Kettering, president of General Motors Research Corp.; Lieut. Gen. William S. Knudsen of the WPB;
and Commerce Secretary Jesse Jones. Although the dedicatory ceremonies are being held next week, the institute was completed about the first of this year. Present enrollment is 525 students and will be about 800 this*fall. . Built with a gift of $6,735,000 from Walter P. Murphy, Chicago manufacturer of railway supplies, the institute operates on the cooperative plan whereby students
FRIDAY, JUNE 12, 1942 Dedicate Technological Institute
SR
This is an air view of Northwestern university’s five million-dollar technological institute. ¥.
alternate a three-month period of study on the campus with an equal period of work in industry. Seventy large industrial firms in 12 different states are co-operate ing with the institute. War research is already being carried on. A naval radio opera= tor’s training school opened June 1 and will have 1000 men by Sep» tember and 600 students are studying in night classes for work in war industries.
DAILY PRICE INDEX
NEW YORK, June 12 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ...ecceccccsscsscs 154.60 Week ABO ii.ssisscsssiiress 15483 Month ABO .civreviesssnsess 15771 Year ABO ....cuiisiscensesss 13737
1842 High (May 9) ...ce0e0. 158.34 1942 Low (Jan. 2) ....... 151.54
INCORPORATIONS
Commercial Credit Plan, Ine. of Terre
Haute, Terre Haute: dissolution. Commercial Credit Plan, Inc., of South Bend, South Bend; dissolution.
Commercial Credit Plan, Inc., of Lafayette; dissolution.
Commercial Credit Plan, anew of Ft. Wayne, . Wayne; dissolutio Page Employees Credit Union, Shelbyville, Sissolatl on, t and Payne Realty Corp., Winchester; pi
The Center Circle, Inc., Marion; dissolu- 50¢
tion. Whitewater Canal Assn, of Indiana, Inc. 75 Metamora road, Brookville; no capital oe to assist in maintenance of Whitewater Canal as an historical monu-
ment; John P. Goodwin berd, Emsley W. Johnson, top B i
man, Lon L. Bracken, Finly H. Gray.
WAGON WHEAT
Up to the close of the lg Marke$ tony.’ Indiana nots flour mills and grain elevators paid $1.07 per bushel for No. 2 red wheat (other grauwes on their merits), No. 1 yellow shelled corn was 82¢c perp bushel and No. 2 white shelled corn, 88c; No. 3 white oats, 50¢c and No. 2 red oats,
ee —————————————————
INDIANAPOLIS CLEARING HOUSE
virseasasney cereeeend 8 5,222,000 Debits ™ Bai ieuihesERaEeR ibis 15,232,000
Cc.
Hew
(RAM
« for BOYS
RADIO
26130-SP6—Softwood Nimber: fir, select structural 42-349_THose. water, rubber, in 50 ft. ngths. 34”. complete with ‘ounl, lone 11% “th reads per inch, to fit Jiandard 3, Jicse bibbs (Vet. Adm. Mar India 26122- SPS Winch, Pe ectiie, 75-ton, lifting transformers, not jeluding Siuctural- steel owe or lif a!
bea 26132- Spe_8oitwodd. ‘fumber: Doug] No. 1 common; Ponderosa Sine 6358 Electric Water Cooler 6360, Toe mE arbor saws, athe and cylindrical gauges 42- 350 Freon fruits an vegetables: Lemons. oranges, cabbage, carrots, ; Seley. spinach, Istiuce. onions, y pardley, ers, potatoes.......... o Jv Marion, Indiana) 2131- S60 Casters, furniture: wood-chair; Ee 1, 1% inch diam 1 26126-SP5—Dryer, pako ilberty. or equal, with 44-inch apron width. electric heated and driven; printer, contact, Abrams Type A-7, or equal, with 40 Argon electric bulbs, actuated by individual switches, size 9x18
nch. 26127-SP5_ Ma chine, vegetable-peeling, electrically operated, ¥ith peel trap 26128-SP4—Tractors_ and ricultural equipment, coMplete w h accessories: Tractors. Plow. tillage, tool, 1
® shi pping cartons, ig paper,
h one piece, knockdown folding type 62—Electric drinking water coolers.. : to equal to n ink invincible fence 2 6359—Commerial refrigerators and d reah-in types) motor generator 2
6301= Siriictiral steel (plates, shapes hrome vanadium steel, carbon el and nickel steel billets, drill casings, coil chain, tubing, and steel pipe (galvanized and ungalvanized)
CHICAGO LIVESTOCK A Ee
woodturning 1
m a $11 500013. good 1292 Ib. eifers steac COWS cleaned up
lots 2.50; fat run 2 most beef
€rs, 1 ewes, $6.60, With throwouts,
OTHER LIVESTOCK
CINCINNATI, June 12 (U, P.).—Hogs— active 150
a b. Steers, $12. 12 50013 0 and medium steers ife 70.75 Bia Th Se good a and or Wy .50 dry cows $10; canners d_cutter cows, 75, common a bulls, Ld
eighty re Youd Stead y sthictly J shoice 8 8 caly :
morrow night,
In Co-operation With the
Indianapolis Indians, City Recreation Depart-
ment and the Indianapolis Y. M. C. A.
AYRES’ Boys’ Departments
Will Bring You
“BASEBALL for BOYS”
With Gabby Hartnett, Wally Tauscher, Bob Logan
Station WISH 7:00 to 7:30 PP. M.
Each Saturday, Beginning Tomorrow Night
(Gabby Hartnett, Left)
PARK LEAGUE Broadeasts Once Each Week
® Luke Walton, sportscaster for WISH will select one game played at a city park playground and will cover it. ® Play-by-play broadcast of these Park League games will be given by Luke Walton over WISH on Saturday evenings, 7:00 to 7:30 p. m., beginning to-
BASEBALL SCHOOL
® Gabby Hartnett, manager of the Indianapolis Indians, aided by Wally Tauscher and Bob Logan, will conduct a baseball school at the various city park playgrounds (see your playground supervisor for details). Luke Walton, well-known WISH sportscaster will cover these schools and they will be broadcast on the Ayres’ Baseball for Boys programs on Saturday evening. Watch for announcements of the schoel "broadcasts."
SATURDAY NIGHT, 7:00 to 7:36 P. M., Ayres’ "Baseball for Boys” Pro. gram, with Luke Walton. will Broadeast the Play-by-Play description of Friday's Game at Rhodius Park (Y. M. C. A. League).
L. S. AYRES
(From 6 to 66)
~