Indianapolis Times, Indianapolis, Marion County, 17 June 1942 — Page 4

WEDNESDAY, JUNE 17, 1942

MAGAZINE HITS HOUSING PLAN

: Architectural Forum Says Government Program May Break Down.

{ NEW YORK, June 17 (U. P.).— | Reorganization of the government's ¢ | $600,000,000 emergency housing pro= gram “on a realistic war basis” is essential to prevent a breakdown of the entire war production proe gram, the editors of the Architec= tural Forum said today in the cur rent issue of the magazine.

THE INDIANAPOLIS TIMES

NEW YORK STOCKS

=~ By UNITED PRESS

JONES STOCK AVERAGES 30 INDUSTRIALS

PAGE {4

HOG PRIGES UP 3 GENTS HERE

Top Advances to $14.30 as : , A hb Anaconda 3 3 2 | 6937 Porkers Arrive : 2 he At Stockyards. x

Hogs weighing more than pounds advanced 5 cents at Indianapolis stockyards today agricultural marketin tion reported. Lighter 1 Employment (Manufacturing) ............59,328 sows were unchanged Payroll (Weekly) ceesttstaraeuees. $2 079.Y60 The top was $1430 with $IASS Sought Jobs (POrsons) .......eveeseeens. 5702 paid in a few instan S Obtained Jobs casas 2 included 1119 cattle. 501 Filed Unemployment Claims. ..L141

Net Last Change Std 0 C aL 5 205% , +0.19 ) “on 3 231, + 3; ToPelSta Oil Ohio: iis 4-017 +0.38/ 3

| DOW- Sow

High Low a —.

«1% 115% 435?

Last Chie

1; | Yesterday %a | Week Ago {Month Ago Year Ago High, 1942, High, 1911,

17.

Am Stl Ries - Am T&T 115%

w wn _ ©.

16% 115

53 Nea

114. low, 133.59; low, 106.34. 20 RAILROADS . 23.4% 23.57 23.88 28.29 29.01; low, 23.31. 30.88; low, 24.25. 15 UTILITIES

ON Bo

S y 2 Swift Intl

. | Yesterday Va Week A206 .....v.e. Setanuiuen | Month Ago 2 | Year Ago High, 1912, High, 1941,

Tenn Corp

[2]

3 Ue ®® 0h ®

atlas Corp .... 38 1 Che Atlas Corp pf. . 2 1a NORE. | Aviation Corp.. 27 27% 7 - 18]

yt ® a»

Employment

o ">

GOO DOW COU m= a Gil a 00 -

woo

Compared With April, 1942 % May, 1941 53,992 ........ —->10 54,234 ‘ees ee §2012060 ..... + 34 $1,565,720 ..... 5083 ....cviv0 +29 6,316 3I27 ceevecees + 101 3,582 LY? iiiviii. — 351 867

May 1942

Compared With

hr - aw

PR ® a xB

Bald pogo ct. Balt & O pf... Barber Asp alt. Barnsdall Bayuk Cig Beatrice Cr ... Beech-N Pkg .e Bendix Avn .... est & Co..... Beth Steel

bet hes C0 RD & a LOND @ tht 03 BD

®»

N © HOD hs © DOO UI 00 Us LIES 3D

a a

High, High,

1942, 1941,

14.94; 20.65;

tow, 10.38. Tow, 13.51.

cesses.

ND DO pt DD OOOO UN mt us DYING 8 OO

hpi oa —- od

Twin C R T pi

w © w

= ANJOU

calves as 2012 EE

Und Ell F

Co ©

hogs and 481 sheed.

HOGS ah

Transportation

180- 180 pounds ........ 13 100 14 23 30- 320 bounds wat rhanssases § ¥ 3

Packing ‘Sows Gadd a Choice

300

~ 450 s : 450- 500 pounds Mediom— 250- 500 pounds ...... . Slaughter Pixs Medium and Good— 90- 120 pounds . ; CATTLE (1119)

Slaughter Cattle & Calves

Cholce— 750- 900 pounds 900-1100 pounds 1100-1300 Pounds 1300-1500 pounds

Noo NODS

«1

Good— 750- 900 pounds

hd fo pt BILIBICSY oon on on 0000 Ph pt pt pu CII Ia saya wen non

Medt 750-1100 pounds 1100-1300 pounds

aspen wen oO een SO

Pd pt rang

th pr

0 A9 6599 O68

—- a on >

15] on

Common— 950-1102 pounds .. 10 Steers, Heifers & Mixed [email protected]| i

500- 750 pounds ... [email protected]

Heifers veesssescees [email protected] cessssesssces [email protected] [email protected] [email protected]|

Cholcow 750- 900 pounds Good— 750- 500 pounds Medium— 500- 900 pounds Common-— $00- 900 pounds r Cows (all weights)

ttescscacases 10.

Medium ..... 4 Cunt; and common .. Canner ‘Balls an weights) (Yearlings excluded) 11 so H crernaseaiens .- 3 254 Medium . 251 Cutter and common . . 95

CALVES (3%1)

Vealers (all weizhis)

Good and choice .. SSamen and medium

Peder s Stocker Cattle & Calves

Steers Choice 500-800 pounds $00-1050 una:

500- 800 pounds 800-1050 pounds

500-1000 pound Of

en o8 ou

0 08 69

ory Dw

ow o>

Pp paps paps «1 on

OD NY ww

g a en >

Calves (Steers)

and Chotco— pounds down [email protected]

500 pounds down .-» [email protected] Calves (heifers) Good and Cholce— S508 pounds down [email protected] Medium— 500 pounds down rans [email protected] SHEEP AND LAMBS (481)

Ewes (shorn) Scod and chowce ... ommon and choice Shorn Lambs Good and choice Medium and good Spring Lambs Good and choice . Medium and good . Common .... lt

_ Houses > Apartments 80 Business

: > Business

| | Soybeans

Relief

VI start of

Inbound Freight (Carleads)...

Outbound Freight Streetcar Passengers Airplane Passengers...

Building

(Permix Value). ...

Industrial

2 | Public Repairs ...

Finance

Bank Clearings.. Bank Debits Failures....

Wstieting

Hogs (Head)

| Cattle

Calves

| Sheep Corn

(Bushels)..

cess ssss sesso rts esetan serene rrean

sess scenes sven

Miscellaneous

i Retail Sales | Telephones In Use.

>| Postoffice Receipts. . .

(Cases) (Cost) . | Electricity Output (by KWH) .

i Relief

| Gas Consumption (by Cubic Feet) “et

Water (Pumpage by Gallons)... [Imports CCitiiniqectis

Sources of above information: Indiana Emploment St Secu Ohio, Monon, Illinois Central and Nickel Pla Indianapolis Clearing House Association; Commerce Department; Indiana Bell Telep

ing Commissioner;

Board of Trade; U.

Chamber of Commerce.

Inflated Stocks

Axis Suspecting a ‘Coup’

P.).—Evidence that inflationary forces have taken hold all over axis-dominated Europe to an extent that is alarming Berlin and Rome was seen today

VICHY, June 17 (U.

published by the Paris Soir.

In marked contrast to the action of American and British markets, securities values are substantially below pre-war levels,

where analysis disclosed that continental exchanges are witnessing a “boom” that already has goaded the oh man government into conducting formai investigation of all prog market purchases made since the he war, German financial authorities, the |

i | new spaper said, suspected that some

power groups were attempting a vast |

.....66.913,000

29926 ..cc.... 11,266 7.773.579 4,437

cssae

$700,600 .....

$54,010 ....... £23,000 £6,000 $46,192 .....

secre neas

$110,775,000 pu 599,000

.. $119,360,000 339,623,000

202.463 29698 ........ 13,660 10,381 .....onn 2,281,500 ...... 123,000 566,000

. 196,125 ..24.957 14,487 .10,169 1,764,000 133,000 en. .236,000 cee. . 22,500 vee. 43,500

casa sass

18000 ......

113,307 ...c... $431,757 ...... 1,503 $29,895 63,920,000 .... 480,810,000 ... 1,083,770,000

Tess nen

. 459,658,000 ...1,157,730,000 .. $232,928

ty Division; New

yo Wa Saas treet;

Worry

in a stock market analysis

the

TRADE RESTRICTED BY TAXES AND WAR

NEW YORK, June 17 (U. P) uh} firmer tone developed on the stock {market in afternoon dealings oss | Volume |

CHICAGO LI LIVESTOCK coup on the continental exchanges, after early irregulartiy.

Hogs—Receipts, 12.000: open fairly 2cve steady to 10 cents higher than Tuesday's average! with early pa Jost; top, $1433: 180-330 Ibs. $14. 15a averages $13.75 sows jargely, $13 Sheep—Receipts, around small t ve lambs around 16; t ioubles od an choice fed shorn lambs with N i 2 pelts, $13.75; fat sheep mostly. $6.30 down. eR at Ry 12.000; calves—Receipts 1200; good and choice steers to 13 cents dower, nstances ts lower;| commo and medium grades steady to} weak; Row at $12 to $14.25 market; load prime offerings held above, 16: heifers weak to 15 a lower; best around, 14: numerous loads S12. Bats. 25; cows steady most e ws, $8.25 .25 cutters, seen. canners, [email protected];: heavy saupulls active at [email protected]; vealers| wo v steady, practical ctical top, $14.30 50.

OTHER LIVESTOCK

CINCINNATI. Ju —Hog Receipts, 2850: over and sows steady. 1a Ibs. under, 10c $14.35 paid for 180-275 Ibs: $1425: 300-400 lbs. $14.10 aa medium and ood 13.75; good sows, $12.25@13 Catile—Rec eipts, 430; calves receipts, 350; active, steady; 1000-l1b. steers, S12 it) vearling steers and heifers, $12 3: common and medium s laughter steer rs and heifers, $10.95@12 common and’ me-| dium beef cows, [email protected]: good drv fed! cows up to $10: canners and cutters, $6.50 @8.75; shelly canners, down to $6: common and medium bulls, $8.75@11. good weighty sausage bulls, $11.40; vealers steady. top, $14: good sng choles. $12 50@ | 14: eominan and medi $10@12; culls $3.30 a i

ne 17 UT Bn

4, P) 130 Ibs 1bs.,

150-160

and good erage

ep Receipts. 500: sheep and Choice & Jame springers, 50@7%5c lower; and tholCe spring lambs. $13@ mon nd medium, -$10@ 14; down; * aughter ewes, $6 dow

Th YE i ae

10: 180-200 30 240-260 1bs.,

ibs. 3%- 400 lbs.

. Sam: ! 23.5

lings, $11@13; ewes, [email protected].

TWO E66-DRYING UNITS APPROVED

Approval for construction at two! ege-drying plants has been given, by the U. 8S. agriculture department Indiana war board. The Mid-State Cold Storage Co was given approval to build a $485. 000 storage plant at 321-333 W. 17th si, Indianapolis, and the Wadley Co. was given approval to build a $23.000 egg-drying unit at Terre Haute. The agriculture department state war board serves as a clearing house | for the war production board in

approving or rejecting applications] for wartime farm construction.

VINCENNES SHOE WORKERS TO VOTE

Employees of the Brown Shoe Co| at Vincennes will vote Friday for a. jabor bargaining agent. | ar On the ballot will be the Boot and Shoe Workers International Union, Local 648, affiliated with the A. PF. of L, and the United Shoe : s of America, affiliated the C. 1. O.

| par. financial policy which has caused]

here

{ pieces would

and ordered public declaration of all stocks bought in countries under |

This official inquiry has just been | completed, it was stated, and Reich Finance Minister Funk is reported to have concluded that the boom | was caused almost entirely by small individual operators. “Holdings of more than 100,000; reichsmarks,” Dr. Funk was quoted | as saying, “do not constitute more than 5 per cent of all bonds and stocks in circulation.” The Paris Soir characterized the | European market as another man-|

pointing out that war-| time financial requirements have | { compelled continental governments to print new bank notes, many of which eventually flow back from the public into short-term bonds and { long-term stocks. “A certain amount of money of course does not come back to the treasury, but what can be done with it?” the analysis asked. “Wheat, iron, copper, cotton and real estate { markets are closed, since govern- | ment permission is needed to com- | plete purchases, so the money drifts {to the only spot open to it—the

stock exchange.

“French rentes have benefited

-land the old 3 per cent bonds are |

being traded at unheard-of prices, | while the 4 per cent issue is above | This is the result of European |

the general rise.” | The analysis noted that the re-| verse has occurred in the United]. States, “where there are no re- | strictions,” because money Shank i | military needs can find no speculative field. At the same time, the newspaper reported that important “foreign” | buying of gold has appeared in| many European capitals, with the, result that the value of the metal | has been going up rapidly. The extent of the demand for gold in Europe can be illustrated by the fact that an acquaintance of a United Press correspondent recently was offered 300,000 francs in cash for 100 American $10 gold pieces. At the current official rate of exchange, these gold not be worth much more than 40,000 francs.

LOCAL PRODUCE Heavy breed a

full-feathered. 18c:' horn hens, 1

Sofas 2 to 3': lbs. colored, fel white barred rock, 23c: cocks, 1le a Neo. 2 poultry 3 cents tess. oe urrent receipts, Be ibe ibs. and up. «C.

Graded — a ae gs Silde ce HR ules

| credit associations is to be held to-

was light. Du Pont rose 13 points to 114%,

0 their control since September, 1939. Standard Oil (N. J) a point to]

53%, and American Telephone a point to 115%. Steels, | motors, coppers and some utilities registered small net gains. Rails | ‘were steady, aircrafts dull and air‘lines firm. few special issues had wide | moves, including Columbian Carbon | {off 7 at 65, and George Heime up

nearly

| nearly 4 points at 55. International | NSA-524—Truck, with insulated body,

Minerals and Chemical issues and

Zenith Radio were among issues to!22

{make new highs for the year. Movements in the list were considered purely tecnical, pending

3 f top, | ifestation of | the inflationary forces more information on the tax bill | now at work,

{and outcome of the Libyan cam- | paign. Many traders continued hin stricted operations until there as some indication of more intensive German drives. =

JUNIOR LAMB SHOW OPENS TOMORROW

The 13th annual Hoosier Junior Market Lamb show and sale will be held at the Indianapolis stock yards tomorrow. Central Indiana farm (boys and girls between 13 and 20 vears old will compete. Judging will be in the morning (and the auction during the afternoon. The Producers’ Commission | association will be host at a dinner in the Antlers hotel in the evening | to 4-H club members showing lambs at the yards. On Friday at Kingan & Co. ciub members * will casses of the animals exhibited.

FARM CREDIT GROUP MEETS TOMORROW

A conference of short-term farm

morrow at the Hotel Lincoln. Directors and secretary-treasurers from 10 associations are to attend. Localized meetings over the state are to be planned to acquaint farmers with the opportunities for planning future crop financing.

DAILY PRICE INDEX

NEW YORK, June 17 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1920-32 average equals 100): Yesterday .......... 155.02 Week 880 ....i.oeiivivenes 15474 Month 2e° Ter ERL rE 157.26

sririienes ¢

tenses + 34.8

. — 54.8

.— 21

1,500 ........ +1200.0

York Central, napelis Railways: Indianapolis Municipal Airport; City Build-

5 .; India ARS ROT Postoflice; Center Township Trustee; Indianapolis Power & Light Co.; Citizens Gas & Coke Ontitieer ndinmapolts Water Co.; U. S. Customs Office; Indianapolis

inspect lamb car-| N%

— 6.6 -— 91 + 08

18,451 ... 12,127 6,319,786 ..... 4576 ...

Tee.

$607,900 ...... £200,000 $296,450 ...... $27,000 ........ $50,000 ....... $171651 ......

— 769 eats —100.0 —100.0

$111,104,000 $273,462,000

g Calumet & H.. | Canada

5 | Climax Moly co 35%

“aye D2 Beth Steel 7 pf. 190% Blk & Decker. 15% Blaw-Knox 3 Boeing Air %

21% 105s High 2 | Loew s | Lone Star Cem. ¥ Lorillard

FOE AAD

amid

Bon Ami .e Bond "Stores ... Borden. .......s I Borg-Warner Bdgpt Brass ... Briggs Mig .

Val | Mack Treo. Macy RH .... Madison Sq G.. “| Magma . Marine Mid : | Market St R pf Marshall Fld Martin Mason D

~ BORD 1D #4 «7 300 ~3 COO win vin 1 CO

(Glenn) Bush Term _.. Core 26 Butte C. & Z.. 371 Byron Jackson .

. 781% 14 1015 . 184 82

B2 1 pf Maytag pf McCrory McGraw El. McGraw Hill

. 16's Dry .. 11a | Cannon Mills 31 | Capit Adm pf A 35° {Car C&O voto S2 Case J I pf 121 Caterpillar T. eo anese Celote Corins- td 6 pf 25 & Ohio... 297% Chic E I 34 i Mail Order. 5 i eu T . 132 Chi RI&P 7 pr. 12 Chi Yel Cab.... 1134 Chrysler k 61 Cleve El Im pt. 1073s

McKes Rob pf Mead Corp

103 6a : 24. . 27: 8 Miami Cop’ 51% * 1 | Mident ePt 2i Minn Hny “is Minn Moline Mission Corp Mo-K Tex . Monsanto : Mont Ward M

39 17%

pr - on

- Fs ak 700 © OS

Noa

{ Mullins pf .... . 1 RY G0 “ee C4 11-1

Coca Cola

ash Kelv “ N'ch & StL. Acme ces Aviation

Or pt agp

Col Broadcast A 113 Col Broadcast B Colum Gas ..-.. Col Gas 5 pf. .

PO pet id pi I UY Th ps COT

NAS oa

1 11 BA 11 34

3.1 9.9 6.1 2.0 — 22.7 + 81 5.3

203.913 ....... 23493 Liven 153322 ...vvesne 10,161 ...

2.2717 219,000 336,000 126,090

55,500

Sm — de

— ern

+141.

11.0 9.7! 1.2 56.5 55.2 | 11.1, nd

105,018 $414,504 3033 ...coce $33,436 60,253,000 ..... 404,183,000 .... 1,170,300,000 .. $134652 ......

i wd 1 — + te

Li 2303

| Berea R Inc ba

Pennsylvania, Baltimore &

culture Marketing Service; Indianapolis

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 Tnyitation

Date Bid |

Item Closes

a“ 37 Sun. 2—Safety fab ric; body-pad type for the for the period to Oct. 31, 1942

21383- i laes, United States; | rized cotton bunting; . type I, { Clas s_F—hoist 8.94 feet . 2 2134.51 "Handles mop; Typ screw class A, malleable iron head 22] 2135. g ® Hand) es, brush, 6 ft. long by 16- ch in diameter; for id and sidewalk sweeps . 22 6-8-1 —Mo ing Apparatus; galvanized ucket; oval; without mopSinger and casters; not less than art capacity 2 21 37- 31 Mopnine Apparatus; galvanized bucket; without wringers: oval; not less than 35-quart capacity; hues with four casters : -RS6— Nozzles, garden, hose; good quality; plastic compound, metal, or combination of BikSeie compound and metal .... 2: 26142- SS EDA to be “fully burned and made from hard wood; no limbs iy pine not ac-

Neg Cont. | June |

mer-

2136

or branches

table) | 281485 P- Tnseciicide, "liquid, gallon drum

42-738—Rope, sisal............... ‘eae

NAVY DEPARTMENT June

for haulin frozen meats, and

chilleq products car oxide; pceiyiene, oxeRun, oI se vies 25

HOPEFUL TRADERS BID MORE ON WHEAT

CHICAGO, June 17 (U. P.).— |Grain and soybean futures con{tinued fractionally higher in slow] ‘early dealings on the Board of Trade | | today. Wheat was 4 to 3

35 cent a bushel

higher at the end of the first hour; I

corn was unchanged to '4 higher; | oats up 4 to 3%; rye up s to | and soybeans unchanged higher. Hopes that the compromise be- | tween the farm block and adminis- | tration forces would provide loans! to farmers based on 100 per cent of | parity on this year’s crop prevailed on the market.

ted] 5% |

WAGON WHEAT Up to the close of the Chicage Market today, Indianapolis flour alls and elevators paid $1.07 per bushel red whea other g aues on on their” merits).

No. 1 ei bushel No. 3 white shelled corn, : 3 8 white oats, 50c and 2 red 0

CANCEL CONVENTION NEW YCRK, June 17 (U. P)— The 53d annual convention of the National Association of Life Underwriters, which was to have been! held in Minneapolis, Aug. 24 to 28, | has been canceled voluntarily in co-operation with the government | and the office of defense trans-| portation, it was announced today.

WALTER MYERS JR. TO SPEAK

The Construction League of Indianapolis will hear Walter Myers Jr. at its luncheon meeting tomorrow at 231 N. Pennsylvania st. Mr. Myers, a member of the County Civilian Defense Council's speakers’ bureau, will discuss rationing and price-fixing.

‘E' FOR MARION FACTORY | NEW YORK, June 17 (U. P).—|

| The Marion, Ind, plant of the Ana-| conda Wire & Cable Co. will be pre- | &

sented the navy “E” award for ex-

| Cons { Cons

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Nominal quotation

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Mfg Rr

G Herc Pdr pf. Holl & Son.

fr NOT (SD

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} Stk R

bbs-Merrill coi

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Complete Glasses

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Low PRICES

ever had. satisfied money

4: new LA price

Large Opticians in America Pay as you

0 e us to furnish smart buyers a few cents with excellent glasses at these low prices. no carrying

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U. Ss. STATEMENT

WASHINGTON, June 17 (U. P,).—Government expenses and receipts for current fiscal year through June 15 compared with a year yo: This Last Year Expenses$30,204, 3 od 92. 04 $11, 895, ie 93s. 65 WarSpnd 24,1 158,286, 654.62 87,485, Receipts 11,023,829, '505.42 Net Def.. 19,086,428,366.62 Cash Bal Work Bal Pub Debt Gold Res ,013.91

22.717,8 22/600,812,609. a3

INDIANAPOLIS CLEARING HOUSE CICArIngs ........cciviivncivies S 6,702,000 Deh’ ‘5 ‘ crated

IT § can

FILL YOUR IL

bin TOMORROW .

details

«| for

| thes

“It is no exaggeration to predict that the magnificent production achievement will soon go backward lack of housing,” the editors said. “Then we will see hundred=acre plants working at half capacity and then it will be too late.” Asserting that the entire concept of war housing must be reorganized, rather than the administrative agencies, the editors criticized the administration’s failure to appoint a single responsible head for all aspects of the housing problem-— housing, utilities, schools, commu= nity facilities, rent controls and other related factors. The editors reiterated five cone ditions advanced by them as essen tial to the success of any war housing project: “1. It must stretch the available materials and manpower to cover as many units as possible, “2. It must be designed for rapid construction. “3. It must be within walking distance of plants, stores and other

. essential facilities.

“4, It must satisfy minimum re-

+ | quirements of health and safety.

“5. It must be designed to put women as well as men into war work.”

Farmers Build

Vincennes Bins

VINCENNES, June 17 (U. PJ). —Seventy-five Hoosier farmers, seeking a place to store their wheat, turned to construction work yesterday and tackled the interrupted task of erecting 22 steel storage bins for government wheat. The work was stopped last week when government officials said they could not pay the union scale and union workers picketed the

. 16,534,000

In co-operation with the Government’s request to store coal NOW-—the undersigned dealers have developed a plan enabling you to fill your coal

DOWN and 6 months to pay. For full

CALL ONE OF THESE DEALERS NOW:

project.

(41) fd

Fad 2 0)

\=F

. with NO MONEY

ACME-MONON COAL 30. Wabash 45681-Cherry 4390.

CLIF MEIER COAL cO., INC. Riley 4478.

ACTIVE COAL CO. Beimont 0333.

METROPOLITAN COAL & oiL cO,, ING. Linooin 5488.

ENRLICN COAL CO. Lincoln 5700.

PITTMAN-RICE COAL co. ING. Ma. 6565, Br. 5466, Ri. 5421.

INDIANAPOLIS COAL CO, INC. Humboldt 1304.

WASHINGTON COAL co. Market 7301.

LOGSDON FUEL & SUPPLY CORP. Market 3398.

WESTERN FUEL co. Belmont 2233,

MARSHALL PROS. COAL 0. Cherry 3460.

WRIGNT COAL CO. Broadway 2441,

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