Indianapolis Times, Indianapolis, Marion County, 13 June 1942 — Page 9

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SATURDAY, JUNE 183,

1042

BUSINESS

War

Of ‘Shortages’ and ‘Patriotism’

— Dy ROGER .BUDROW

Rackets Pulled Under Guise

foie St Steel .... 2, ir C,. joirin > Alaska’ Ty i Allegh Corp ... Alles & ih Allie {hem . : Allie d Mills .

in Am

WAR-TIME RACKETS ARE FLOURISHING. Smooth im rar

fakers are taking advantage of patriotism, rationing and

shortages to gyp the public.

Even the old “fabulous oil field” racket has been hauled |4m Inter

out of the moth balls and pulled on unsuspecting investors who are told they can “clean up” because of the gasoline in

shortage in the east. The racketeers follow the news closely. Right now schemes are being tried for getting money to finance “a new synthetic rubber.” And some promoters are claiming they have bought” up some low-grade ore mines at a bargain, and with government subsidies, will be able to “make a killing” provided they can get some capital to get started. Some “contact men” offer to get a manufacturer a war contract—for a fee. Likewise they will find scarce materials for him “from a friend.” The Better Business Bureau sent out a list the other day of 22 other “war gyps,” half of which had been tried here. Among these were the fakers who offered to test and refill fire extinguishers at a low price; furnace repair men who wanted to “fix the furnace for air raids” at a fancy price; swindlers who organized phony charities and benefits for refugees and service men. “Absolutely worthlesss” retreaded tires have been sold or bootlegged. “Official” service flags have been offered, despite the fact the army and navy have no official flags. War bonds and stamps have been used in gyp schemes. Out-of-town concerns have sold “watered” paint. Worthless seeds, bulbs and shrubs have been sold under the “food for freedom” guise. Memberships in “patriotic” organizations have been | gold. There are offers of ‘“specially] tested sand” for incendiary bombs and cases of phony air raid wardens selling fire extinguishers. The list could €o on for columns. Some of the offers are legitimate but many are not. About the best thing to do is use plenty of skepticism and when in doubt, check with the Better Business Bureau.

Roger Budrow

2 2 ” ODDS AND ENDS: Pepsi-Cola

CAPITAL'S BOND

Rep. Wilson, Citing Indiana Purchase, Asks Better

Sacrifice Pattern.

By DANIEL M. KIDNEY Times Staff Writer WASHINGTON, June 13.—Failure of Washington residents to fill their quota of war bonds and savings during May was cited by Rep. Earl Wilson (R. Ind.) today as an example of local citizens imitating the administration in “refusing to establish a pattern of sacrifice.” “The administration has refused to abolish a bureau, so the citizens of Washington probably feel that the need for their money isn’t so pressing,” Rep. Wilson asserted. He roundly condemned this attitude and urged that congress establish the sacrificial leadership] since the administration refuses to do so in his opinion.

Points to Indiana Record

RECORD SCORED:

Cons

1 pr ot 53 Armstrong Ck . 26 Atchison

Aviation Corp ..

Bald Loco ct ... Balt & O Beech-N Pkg ... Bel Aircraft dit

Boeing Air Borden Bristol My. hiil Bklyn- gh “ Buad id Budd Mig pf. . Burroughs .... Butler Bros....

Calumet & H.. Canada A) Can Pacific... Caterpillar T.. Celanes| 19% Celnse : r pf 119% Celanese 2d pf . 83 Ches & Ohio .. 30 ChicGtWRy 5 pf 9% Chi Pn Tl pr pf 49 Chuysier 92% City I& F Cleve 8 Iim Cluett Peab . aratiy Pe P Col & Aik ... Col & So 1 pf.. 14 Column Gas ... 14 Col Pictures ... 634 Com Credit .... Com ny. Ir. .... 28 Com Colvents ..

> 108° tii 31) Li 1378 . 133

|Comwlith Edis.. cong- Nairn ....

ons Cpmn

Edison ..

Taking the floor in the house, the]

bonds and stamps was exceeded by 15 per cent. “This was done despite Cecil Brown’s disparaging remark that Indiana doesn’t know we are in a war’, the Hoosier congressman | contended. “The country as a whole BAN went 5.7 per cent over the national goal. Hawaii sold six times her quota. This would seem to indicate that Indiana is more aware of the war than the nation as a whole.”

Lag Despite Big Payroll

that the District of Columbia quota

has bought 15,000 old tin cans, will) try stamping bottle caps out of them. . . . Some southern Indiana oil property belonging to Fritz von Opel, scion of the German automobile manufacturing family, has been taken over by this government’s alien property custodian, Leo T. Crowley. . . . Von Opel operated through a company called Amerlagene, Inc. . . . One Ft. Wayne auto dealer set up manufacturing machinerv in his ex-salesroom, got a $6000 war order, then a $700,000 one. . . . Army has asked that all war plant workers be fingerprinted. . That new pipeline is destined to haul fuel oil, not gasoline, to the rationed east. Treasury wants to tax officers’ income, those allowances for lodgings a a gistence which are now : U. S. may build a Bron Cave radio station in Britain to get its broadcasts into Germany.

G.M. HAS LESS PROFIT = FROM WAR ORDER

NEW YORK, June 13 (U. P)—| General Motors Corp. dollar volume! production during 1942 probably

will equal the 1941 record of $2,436,-

800.977, Alfred P. Sloan Jr, man, said today in a message to gtockholders. The message sent to 394,000 shareholders accompanied dividend checks aggregating $21,750,000. This repregented a dividend of 50 cents a share. It brought the payments to ¢1 a share or $43,500,000 for the first six months, Last year in the corresponding $1.75 a share or $76,125,000. "frst by a lower rate of profit aceruing on war production and, second, by high war taxes.” Mr. Sloan added that a new yardstick must

be applied to investments to de-|

termine their worth in addition to earnings and dividends. This new measuring stick, he said, should be “the contribution that the enterprise of which they (stockholders) are a part is making in the production of | materials essential to insure ultimate victory.”

| chair-| claims to have landed troops in the

period dividends were

i “Parnings are reduced,” he wal) Soe) from $2, to $3 per $100 of

had lagged behind “despite the biggest payroll in her history.” “Could it be that the people in Washington, who can see how our defense money is being used, are just not as interested in contributing as they should be?,” he inquired, and concluded: “Maybe Washington employees, who have seen war time contributions going to build unnecessary information centers, to pay political parasites on the administration’s coat-tails, and to mend the administration’s political fences, are just not feeling as patriotic as the people back in the states. Back! home the people haven't a chance | to see Washington's political phil-| andering, and so think their money is being wisely used.”

(CARGO INSURANCE T0 ALASKA BOOSTED :

Vr YORK, June 13 (U. P) — ar risk insurance charges on cargoes moving between U. S. Pacific|

coast ports and Alaska and the}

| Aleutian Islands were boosted by as| much as 50 per cent today in a

{general rate increase affecting all 5

Pacific ocean shipping.

The increase, announced by marine underwriters here as effective immediately, followed Japanese

Aleutian chain of islands. Commenting on the claims, a United States naval spokesman in Washington said “none of our inhabited islands or rocks are troubled by uninvited visitors .

ing between U. S. Pacific coast ports and ports in southeastern Alaska not beyond Cape Spencer were

cargo value, while rates on shipments beyond Cape Spencer were increased from $3 to $4. No change was made in the current $1 charge on shipments from | Puget Sound ports to southeastern Alaska not beyond Cape Spencer, but rates between Puget Sound and other Alaskan and Aleutian ports were raised from $2 to $3.

ers announced that shipping be-| tween the Hawaiian islands and all U. S. and Canadian Pacific ports will |

FOUR NAMED ON TAX ADJUSTMENT BOARD

Circuit and superior court Judges have appointed four men to serve) on the 1942 county tax adjustment ard which will convene in Sep-| tember to review county and city] budgets and fix the tax rates for! 1043. They are: Harvey Rradley, president of the W. J. Holliday Steel Co.; Kiefer Mayer, Kiefer-Stewart Co... Rabbi David] S. Shapiro, 1306 Union st. and Carl Therbahn, editor of the Union al Jabor publication.

George Sadlier will represent wel 3

county council on the adjustment | board and Roscoe Conkle will repre- |

gent the school board. The city)

government reresentative has not been named.

ROGERS APPOINTED Harry 8S. Rogers, who has

district manager of the

Indianapolis i a an

vice president of |

been | Karees, ‘same address; 1 ®

| be insured against capture or sink- | ing by enemy action at $2.50 per

Fair Morse.... Fajardo Sug.. Bed Mogul

Gair Gen Gen 1 Gen F Gen

Gen Out Adv A Gen Prec Eq ... Gillette S $5 pf. Gimbel Bros ... Goodrich pf ...

Goodyear pf ... Grand Union ..

At the same time, the underwrit- |;

ninth district congressman e¢alled Cont an attention to the fact that during Cont-Bia F..

May the Indiana quota for war | Cont 0 oul

Ins Del ... Prod .

crane Co

Cream Wht

Crown Zell Crucib. Stl .... Crucible pf . Cub-Am § Cub-A Sug pf.. QUIS oo SR Curt pr Curtiss. id

Sug

Deere & Co ... Det Edi ‘

East Air nes Elec A Elec Boat

uto-L

E Rep. Wilson then cited the fact! BE i

rie Erie et ...

' 9

Francisco Sug..

1% a

Grant WT .... 2

Gt Nor Ore .... Gt North ay | Gt West Sug Green HL

| Greyhound Cp _. Gu M & Oh pf. 3

Hanna 5

Phi Harb-Wal oe Hat Corp .

Hat Cp iT or Herc Motu

pus

Howe Sou 2 ag Hud Sale n pi. yf Hu ay NL

[TT

a = IRON LD Sui dnes BS man 1 BS edd Hy I ae 1s! i BATES ARS Gh ARNE ASEAN

1% 37%

23% 37% 2 11%

. 3%

4914 171% 173% Ti 28 15% 20 23 20% 12%

9 2% Y% 182 3% %

bh T

Hudson Il Central .... 357 Indian Def .... 114 Harvester. . 463 Int

Johns-Man .... Jones 3 io a Jones Jones 8 : of

56% 18%

5% 11% 46%

55% 184 56

Ealamazse vil or n C Sou..

Kre 22% Kroger G & B.. 26%

Leh War risk charges on vessels ply- a

onsanto of B Nonsante pf C.

BS wis Milne Mig B.

Nera -Kelv Lah Nat Aviation ye ash Reg

$100 of cargo value, compared with Nat

| the former $1.50 rate. | The insurance charge on ail shipments between the North, Central and South American Pacific coast

and Australia, New Zealand and | RS Am No

| Tasmania was increased from $6 to | $7.50. Rates on Pacific coastal shipping jnorth of the Panama Canal were ; increased from $1 to $2, and on| shipments between North and South | America from $2 to $3.

Incorporations

Victor Adding Machine Tilinols corporation: amendment of ates of in-

Wabash Portland Cement Co, Ind; amendments changing nul Topber | directors to nine and anthorized 1 8

Indianapolis Chamber of Commerce. dianapolis: articles accepting provisions of 1935 Not for Profit Act. ce Motor Sales, Inc. le: amendment changing name to ED c

tors, 3 Superior r Skycraft Co 1501 MR Ma Evansville: + nF. ET Shares

EACH

ut par yalue, tc man

Norwalk T.

Ohio Oil . Ctis Elev

| Otis Bev pt

Otis Steel Owens Ill Glass.

Pac Am Fish ...

471

Sis 2!

53% 7%

Net Close Change

2 WN Eo

[+1 ++ H+ het |

ht =

bt CS FREESE

wre WEEE

ft ht D3) bt et BS

- pn Cu pt pt FY Op

CORI

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reer fe ll : Eo

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fbb [E+ |

+++ +;

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won

. pa 00 at iT 000 HS a a

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es pn

NO OWN ae oa

ie a

, Walker Hr-G&W | Ward Bak oe 21

8 Warren Br

A Gen Finance ..

fl 4 Home T&T n SoC

hr 2

21 Int Nickel ...

Woolworth %

15 MOST ACTIVE STOCKS

Sales Net (in 100s) High Low Close Change United Cp ... 48 5-18 35 i Conscl Coal.. 30 5% Curtiss-Wr .. 23 8 Schenley 15 Can Pacific.. 41% Gen Elec .... 251% Gen Bak . 4 Gen Motors... 373% 27 4% 11% 341% 17% 274% 263%

63% 83% + 8 8 15% 41% 25% 4 37% 2M 5 114 341% 17% 271% 26% ....

8 aide 151% + 438 257% 1 873%

273%

Tag

int M&Chem. Colum Gas .. Std Oil Jersey Goodyear .. Kennecott ... wie

5 114 341, 171% 211% 2656

Stock sales were 108,740, smallest short session since 107,100 were traded May 31, 1941, compared with 192,760 last week. Curb stock sales were 19,085 shares against 22,635 last Saturday.

Net High Low Close Change

Reyn Teb B ... Riehfield Oil .. Shes Rustless I & St. + % Safeway Safeway 5 5 Jos

we: walt

1 Sears Roebuck... Servel Inc .... Silver King . Si ons

Sperry Corp Spiegel Inc

Pri AE EE 1

ter] aod War. to Roly Br Studebaker sil unshine en, ‘ ait & Ci

Witt Til . 2 Syming Gould. .

Texas 341 Texas Suit Prd Timken eh XL Cont Traux Tra : 3 20th Cent- Fox i: uD A Twin C R T pf 34; 34 es B & BE 83% 8% 8

Union B

ch FCC

ir a

Gas Tait. Gas Imp ot Dist pf..

8 108% 7-18

ee Steel pf . ‘10814 US Tobacco ... 44 Stores A... 7-18 —_—ya 157 137% 20a 20 2 13% . 53 32% 28Y, 28% —_—we 3514 Sn

2a 2312 15% 25% 14%

Vanadium Victor Chem ... Va-Caro Ch . Va-Caro 6 ol Virginian Ry pt

5la 3 241,

Warner Bros. Warren Br pf. Wayne Pump... 13% West” Union .. 23% West aH Bke. 1 Westing El West ®1 1 BF 1i8TA Westvaco 101 Willys Svertond 1% Wilson & Co .. 5% 4 Woolworth 20% 2654

Senith Rad . ‘2h

Zonite

Chicago Stocks

Net Low Close Change 2 — 1%

12% 12% % 3%

High . 32% 51 . 12

i, 0% 8014

Atchison (u) Bon

«I83 Oy

Rk 1 Ya

ay | Lee) r:

Chey ele . Cont a Eisen

Con "Yi Fuller "Mie Co.. . Ye 1% Ya 1 3 1a Va

tpt fy rhymin. erro BO et prt)

[H+]:

Nunn Bush S Beni Hn Switch

1% 14 1 Ta Va

[++]:

PICIND rps VND 1B 1 Ca) CO CD OF i vi

wit hg cs Do. V1 B Shié | Zenith Radio ..

LOCAL ISSUES

Nominal quotations rurnished by

RICORD pa

J 2S or a>

focal 14 nit of National Association of Securities alers.

Bid veshnin a

Stocks Ask

Stk Yds ay x Xe

By FRETS SAA of Ind 5%

Algers Wins'w W RI American foam e a Cent Newspaper a, Ri % Com’ Bla ee 5.

Congol Fin 5

108% *

Ric mond 41 hiv

¢ Term C s S Machine "Born 5s 51 Sx Dividend.

AT.&T. NET INCOME SHOWS DECREASE

WASHINGTON, June 13 (U. P). —American Telephone & Telegraph Co.'s net income for the first four

® | months of 1942 declined to $48,804,

795 from $40,074,421 in the corresponding 1941 period, a report filed

% by the comany with the federal

communications commission disclosed today. Gross revenues, however, rose to $60,527,315 from $47416852 a year earlier. For April net earnings amounted to $1.821474 compared with $1,603852 in the year-ago period. Gross was $15,959,305 against $12,220,474. The statement explained that dividends received from subsidiaries which constitute a major part of the company’s income are not accrued in accounts monthly but are included usually in March, June, September and December.

THE INDIANAPOLIS TIMES °

FINAL N. Y. STOCKS

By UNITED PRESS

6 Chol

Cc RS towed” iy ols Joi

PAGE 9

PRICES ON HOGS ARE UNCHANGED

Top Remains at $14.25 Here; 3000 Porkers Arrive at Stockyards.

Hog prices were generally unchanged at the Indianapolis stockyards today, the agricultural marketing administration reported. The top remained at $14.25 for good to choice 220 to 240-pounders. Receipts included 350 cattle, 50 cattle, 50 calves, 3000 hogs and 25 sheep.

HOGS (3000)

crourar

- Ft rk ft fn fk $b ft i bol of tat ab at a gt ott SOUT 9 PIII Fh ot hk fo fd ob fb fd nt ee ot 3 C9 13 DI bt bt CI GTAP IORONOD

tft]

3 a

ediim— . 160- 200 pounds Packing Sows

gum 500 0 pounds . Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE (350)

Slaughter Cattle & Calves Steers Cholce—

oh on ok fo

www rT

FATT NSS ASSO

1 1300- 1500

Good— 750- 0 900-11 1100- 1300 1300-1500

Medium 1100 pounds 1100- ay pounds

Com 720-1100 “pounds [email protected]

" Steers. Heifers & Mixed Cholce— 500- 750 pounds [email protected]

Goold— 500- 750 pounds veers 12,[email protected] Heifers Cholce—

Good 900 pounds ....c.eeeseee [email protected] 750- op 0 pounds cesssassssses [email protected]

Nn Lo 900° pounds vesssesaseess [email protected] [email protected]

Coo 800 pounds Cows (all weights) [email protected] 2.00@ 9.75

.15@ 9.00 6.25@ 1.75

ounag oun ound oun

ANID SSD

fro ok pt arvana

Bulls (all weights) (Yearlings excluded)

[email protected] . [email protected]

Beef — Sausa

CALVES (25)

Vealers (all weights)

Good and choice $13. N01. 50 Sopmon and medium 0.00 oo

Feeder & Stocker Cattle & Calves Steers

13.75 013.50

sessed [email protected] tisbanbannes 11:30 12:50

ves [email protected] [email protected]

Ciesssesenss 12.8

300 500. pounds oo 12 2

800- 1050 pounds

Goo 500 - 800 pounds 800- id pounds Mediu Cio 1000 pounds om 500- 800 pounds Calves (Steers) Good and Choice— Nou Mi pounds down ed! 500 pounds down Saives (heifers) Good and Chol 500 pout s down hai vies [email protected] [email protected]

by pounds down SHEEP AND LAMBS (25)

Ewes (shorn)

Good and choice Common and choice

Shorn Lambs

Good and choice Meatum ahd go od

[email protected] [email protected]

3.9

13.50

[email protected]

15.50

Good and choice od 14.00

Sreatum and goo

CHICAGO LIVESTOCK

Hogs—Receipts, 30; strictly nominal beof me eager ph 3 ry

Bo at $14.30, mostly, $14 M -180 1b. averages u U o $14. 5. and 400550 1b, sows ul Cattle—Receipts, LN Calves none. For ana, Veariinks wetk a yearlings wea stly to 28 cents lower. } 0 cents o 8 least gerline.

est, cutters c at $8. i Sune oo at Sil, rae Catter reach-

$ BR beeints. 100; for the week: old orn lambs a gers 30 50 to 75

OTHER LIVESTOCK

YNB, Jihe 13 5 AG a0 foe.

1 Na

s.,, $13.50; 150 bs i 5 130-140 lbs, $13; 100ooh $13.25. Stags, $11.50. Calves, op Rougha. 3 $15. Year Ines, $11@13. Heavy Riv hens, full-feathered, 18¢: ghoth De 2 to 3% Jue. colored, Fi white and ber rred rock, 23c; coc RR 11e II No. 2 poultry 3 ‘cents I LRA receipts. 54 “Roe. and up,

Grade A, large, 30¢; 20d; grade A ‘small,

01% @40c; No. 2, 238 No. ye Soc: No. 2, 32¢. ° at Indian.

a utter Hy 38 buttertay

NATIONAL TUBE CO. GETS PIPELINE JOB

WASHINGTON, June 13 (U. P). —Petroleum Co-ordinator Harold L. Ickes today announced that an order for 550 miles of steel tubing for construction of the largest oilcarrying pipeline in the world has been placed with the National Tube Co. of Pittsburgh. Construction on the 24-inch line from Longview, Tex. to Salem, Ill; is expected to begin within 30 days, Mr, Ickes said, and probably will be ready by Dec. 1 to deliver 300,000 barrels of oil daily for transshipment to the East coast.

Government Bonds

U. 8. GOVERNMENT BONDS Treasury Bonds

High «110.15 110.15 110.15

2%s 1060-55 SI0111 101.10 10111 41.

22s 1072-87..

FOREIGN EXCHANGE

NEW YORK, June 13 (U. P.).—Following BIS Boon closing cable rates on major cur-

gabe Net

England Pound ...... ot Tg Canada Delay seaavans, 590 ' Peso . 1.00% 2070

Cu ERT Me: Peso ..... TTT

BUSINESS AT A GLANCE

Standard Paper Mfg. Co. 1941 net Go profit $166,066; net sales $3,148,975.

» July...

; | Dee... 0:

Net dow Close Shange No.

Curb Stocks

High 89% 33

Net Low Close Change 89 33 10 1:18 =12% 5% 1a to 11%

in =n 13%

Alum Co Am ii —1 B.:. * 1a 32 1s Braz TL & P.. chi Flex Shit. Conn T & i

Cons Steel Fairchild Av

a LL & Bx Mar Stm Shvl. erritt C&S ... Mesabi Iron ... Miybdehum .. Mont Ward A.. Mt GY Coop. . y Nat pe tas, Hess. . 32 Nat F Nat Rub M 6% N J Zinc .. Niag H Pwr ... 1% 8% 5 14% 45g

Niles-Bement ... Pwr A... N Gas... Pantepee Oil V Pennroad Penn Cent Air.. Phoenix Sec ... Pioneer Gold ... 1% Puget So 8 pf.. By Bepubiic Ash ‘i 3 egis RPE 2 Segal Lock i

ega Selected Ind * hatt Dn

[L+1+1 1

EY:

Stee Sterling Le Sunray Oil Taggart Cp Technicolor Tubize Chat Un Airc Pd Cigar Strs. 3- 18 Gas Corp % Gas Cp 3 110 Lt&Pwr Lt&Pwr St 13% Shoe Be

i 2Ya 3% 3Va 2Vy

Un Utah Ida Sug. Yengzuelah po

Coal Wright Harel 34 30 34

STOCK MARKET |; HAS DULL DAY;

Trading Is Lightest This Year While Prices Change Little.

NEW YORK, June 13 (U, P.)~— Trading fell off to the lightest of the year on the stock market today while prices fluctuated narrowly and were about unchanged on the general average. Leading issues only appeared a few times on the tape. Steels registered minor declines while motors gained fractionally, rails held steady and utilities gained a trifle. United Corp. virtue of an opening block of 2100 shares at 5/16. It came back to

: the previous close of %.

Curtiss-Wright, Schenley and Consolidated Coal were relatively active, the first unchanged, and the other two firm. A handful of special stocks had gains of a point to 3% points, the latter in Revere Copper & Brass preferred. There were a few losses ranging to 2 points in Beech-Nut Packing, which only appeared on the tape once. Liquor issues were firm with Schenley. Amusements gained slightly. Oils were steady. Chemicals, mercantile shares and airlines were firm. Sugars were mixed.

GRAIN AND SOYBEAN FUTURES ADVANCE |

CHICAGO, June 13 (U, P). — Grain and soybeans futures closed fractions higher in light dealings on the board of trade today. Wheat closed unchanged to % cent a bushel higher: corn was unchanged to up %; oats up % to 3; rye up 3% to 1, and soybeans up % to 7%. A firm cottoh market and reports of additional storage space being made available by the government for holding wheat on farms, contributed to the light upturn in prices.

RANGE High Iow Close

Prev. Close

Open Wheat— July.. 1.19V Sept... 1.21% Dee.. 1.24% Corn— 86%

88% 01

1.187% 1.21% 1.21% 1.243;

1.18% 1.21%

1.24%

1.187% 1.21% 1.213% 1.24%

1.19% 1.22 1.25%

86% 89 81%

88% 88% 81

86% 86

.887% 88% 81%

88 86's 885% 88%

91 Blk 481%

46% 513%

Sept. . Dee..

Oats—

July... , | Sept...

49% Rye— July... Sept... .87%

Dec... 71% Soybeans— July o 1.71%

64% 67% JT1%

64, 87% 1%

84%

171% 1.71%b 1.71% 1.71% 1.73%a 1.7312 1.71%2b 1.70% 1.73 1.72%

iin 12.78 nn 12.78 12.75a Vass vase 18.800 > save, 12. 3.10 Des: oid; ‘h—New; a—Ask; Nt +14

CASH Wheat—No, 1 dark hard, $1. 18, Corn—No. 1 yellow, 88'2¢; No. 3 yellow, No. 4 ve low, 83%e; No. 5 yellow, 8llke; No. . Shite. 88lzc, Boyhea red, $1.70; No. low, $1 8a1 ei No. a yellow, sleds Oa mixed No. 1 whit 508; white, 50¢; No. 4 white, ay @48%c. tne 2 maltin $1.0 arley—No. Ro g, visions—Dard in 12.750; loose, Nh 0b: feat, sa 40a; belies, 15.75b;

1941 tierced lard a atorged b Bi 5 $2 ‘Nominal.

LOCAL GRAIN

CASH —Steady; petine 1 car; No. 1 red, 3S oR gL 3 red, $1.00%@ 1.10%; No. oh 1.00% @1.10%; No. hard, $1.08% ERA 22 cars;

Corn—Stea eady; rece ps yellow, Joe ive; ellow, 79%¢; corn, 10 to 11 over white; {LH corn, 1 to 2'% cents under

yello ¥ Oat, LN 7 3 white asain o 27 Had. Soybeans—Firm; eip oy “ndiane and Illinois No. 2 yellow, "8. 81%

WAGON WHEAT Up to the close of the Cg Market today, Indianapolis flour Ble ans ta elevators paid 08 per bus! red Wheat a graues on their mertis) shelled corn was 8l¢ 2 white shelled corn, She:

0 hel 2 Ros white oats, 50¢ and No. 2 red

U. S. STATEMENT

WASHINGTON, June 13 (U, P.).—Government e apensa and receipts for the current fiscal year through June 11 come pared with 3 ear, 350 :

Yea. BXpenses $2 8.507, 15 Hit 880. 06 811,74 Se 8.120. 48 W. Spend 23,821, ’502, 959.12 5, 2.713, 3 3.25 "840,

656.71

$36.30 Pub Debt 74,701,601, 3 Gold Res. 22,717, 237,031.3 091. 3 3 509,

INDIANAPOLIS S CLEARING HOUSE Today

Clearings ...vovvvvinn vavasana 5,878,000

led in volume by/|

RADIO PROGRAMS

TOMORROW

2:00—N. Y. Symphony, WFBM. 2:30—Army Hour, WIRE. 4:00—=Family Hour, WFBM. 4:50—President Roosevelt, WIRE, WIBC and WISH (WFBM on at 6:15). 6:00—Victory Parade, WIRE.

PRESIDENT Roosevelt will address the nation for 10 minutes tomorrow afternoon in observance of “United Nations Day.” The chief executive's broadcast will be heard at approximately 4:50 p. m. on WIRE, WISH and WIBC

iland will becar- . ried on WFBM

at 6:15 p. m. The talk will be a transcription. Ben Bernie, the ‘old maestro,” will head- Ben Bernie line a new series of daily musical programs beginning at 4:45 p. m. Monday on WFBM. He will be

. supported by Jack Fulton and Russ

Brown, vocalists, and King's Jesters and Les Paul, electric guitarist formerly with Fred Waring. Six Indian chiefs, representing the Oneida, Seneca, Tuscarora, Mo= hawk and Cayuga tribes, will offici= ally declare war on the axis on the “We, the People” broadcast at 6:30 p. m. Sunday on WFBM. The broadcast will be recorded by the British Broadcasting Co. and will be short-waved to the occupied countries. Thomas L. Thomas will make a return engagement on Mutual's “America Loves a Melody” program at 8 p. m. tomorrow on WIBC. Marion Claire will again be featured on the program.

POCAHONTAS PARTY TONIGHT

The finance committee of Poca= hontas council No. 350 will spon= sor a pitch-in suppér and card party tomorrow at the home of Mrs. Gertrude Campbell, 1106 Eugene st. Supper will begin at 8 p, m. and the card party will follow,

THIS EVENING

Indianapolis Times is not responsible for Jnaceuraneies in program ane

(The nouncements caused by station changes after press time.

WIBC 1070 (Mutual)

Concert Tunes Concert Tunes Concert Tunes Concert Tunes

News-Music

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