Indianapolis Times, Indianapolis, Marion County, 30 June 1942 — Page 8
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sn A. SAN S05 15 OBI Sil
PAGE 8
PORKER PRICES ARE UNCHANGED
Top Remains at $14.65 as 7549 Hogs Arrive at Stockyards.
Hog prices were generally unchanged at the Indianapolis stockyards today, the agricultural marketing administration reported.
The top was $1485 for good %o| 2
choice 200 to 220-pounders. Sows
N. Y. STOCKS
sold from $13.75 to $14.10. Vealers| Am
were steady to 50 cents lower with a $14.50 top. Receipts included 7549 hogs, 2137 cattle, 769 calves and 990 sheep.
HOGS (7549)
Good to Choice— 140 pounds
160 pounds 180 350 founds
0 Tounds ee 240 pounds
00 pounds 330 pounds 360 pounds Medium— 16C- 209 pounds Packing Sows
Good and Choice— mn 70- 300 pounds 14.00
. 13.90 330- 360 pounds . 13.90@1 360- 400 pounds . elt 10 Good— 400- 450 pounds ..... Sesaane 450- a pounds ...... Mediu 250-
.e EL EE
. [email protected] [email protected]
550 DOMME .....c (000i [email protected] Slaughter Pigs
Medium and Good— 90- 120 Yotnds
CATTLE (2127) Slaughter Cattle & Calves
Choice—
2838 2095 i Saag
pou 900-1100 po vs 11801300 pounds . 1300-1500 pounds
Fh fk pt ps Wea Ppt pot pu
®ood— 700- 900 pounds ..... 900-1100 pounds . 1100-1300 pounds . 1300-1500 pounds . Medium — 700-1100 pounds .. 1100-1300 Pounds
Fh ph pd po pl Guns 2332
23 28
lh fo fl ft BNIB NS
2 22 2333 S 60 89s
ppt | dad bot pt
>
Common-— 700-1100 pounds
a —
i Heifers Choice— - 800 pounds 800- -1000 pounds
Good— ounds
600- 800 p 800- Tye founds
Mediu 500- "500 pounds
Common— 500- 900 pounds
Good . Medium
"Bulls an weights) (Yearlings excluded)
[email protected] . [email protected] Bes 2.75@ 9.75
Beef — Good Sausage— Good Mediu Cutter and common
. [email protected] | 4
A Anaconda
Arm II pr AlmsiNone, Dr
a
Al A A Al Al 4 s
lust Nich sr Aviation
Balt Balt & O Bangor | & AY Barns
114.15 | Ben
Comwlith & Comwlth So Comw Edison
CALVES (769)
Vealers (all weights)
Good and choice .... ..$1400@ 14 50 | Common and medium 10.00@13. 50 Cull Ibs. up) [email protected]
Feeder & Stocker ‘Cattle & Calves Steers [email protected] | a | @12. 50 |
. [email protected] | [email protected] |
kt]
Chotce— 500-800 800-1030 Good
500- 800
pounds
pounds sheet X pounds ...... «
pounds
S00 900 pounds Calves
Good and Choice— a pounds down
(Steers) ... 13.00@15. sol 500 onhds down .... . 1200@14 50 | Calves (heifers) Good and Choice— 506 pounds down . [email protected]
500 pounds down .......... 950@1200 SHEEP AND LAMBS (900)
Ewes (shorn) Good and choice Common ana choice Spring Lambs Closely sorted ) Good and choice Medium and good 13% 75 Common
CHICAGO “LIVESTOCK |
Hogs—Receipts, 15,000; wejghts 240 Ibs. and down, steady to weights uneven and good 14.60;
15 cents lower: 13.85; choice lighter weights to $14. Sheep—Receipts, 3000: early sales good and choice native s ring lambs, 15 to 25
ow » on ow
Sw SO
2a an or >»
.50 15.25 14.50
LR
cents lower, [email protected], some held highI. ©° ther classes little trade; load vearth No 1 skins, $13.75; 9000; receipts, mostly an
calves and vearlings weakness on c .. selling at $13 up , comand medium grades moderately acsteady: strictly choice kinds absent, ; S12 S0@ld; early top, $1440; some } strong fed weighty steers scarce: heifers steady. [email protected]: Dest, $13.50. but no strictly choice heifers here: cows Ro and very uneven; practical top
ttle—Recei pts, fed steers
h cutters, $8.75: most beef *s, 0.25; bulls Arm, weighty sausage offerings to $11.90: vealers steady at down. rather freely; stock cattle slow and steady; southwest bred A 14.25. with vearlings, $11.50@12. ONE FURNITURE MARKET WASHINGTON, June 30 (U. P). —The furniture industry committee of the war production board agreed today to markets to one a year beginning in 1943 in prder to save “unnecessary”
some fat} Gen
Can Hires C E limit furniture |g 6 & Son gi
travel. The committee did not decide whether it would favor a spring or fall exposition.
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War Bonds Wills Birth Certificates
Valuables Contracts
The “Peoples” Ground Floor
Deeds Securities Insurance Policies
THE PEOPLES STATE BANK
130 E. MARKET ST. Member Federal Deposit Insurance Corporation.
BUY WAR BONDS and STAMPS
{
8y UNITED PRESS
Norwich 4
Owens I Glass : 8
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DOW-JONES STOCK AVERAGES
30 pina 40.50 +0.26 —0.07 —0.29 High, 1942, 114.22; Low, 92.92. High, 1941, 133.39; Low, 106.34, 20 RAILROADS 24.17 . 23.59 . 23.31
1942, 1941,
29.01; 30.88; Low,
15 UTILITIES
High,
* | Yesterday
Week Ago....... . Month Year High, High,
18.94; 20.65;
Low, Low,
1942, 1941,
High Low N= Ne Ra ‘veo B53 St . 183%
Nat by m oe 13% Nat Biscui 1412
Northw-Airlines harm
Ohio Oil #: Oliver Farm 3 Oppe! ‘ Otis tee ) 91s
82% 2 v4 18% 1% 1435
Pan Am Aways Panhandle “ Paramt Pict ... Parke Davis ... 23% Patino Mines . 18% Penney 67 Penn D C pf A 32 nn RR 1934 ov 213% oo 20% . 28
Pure Oil purity Bak
Quaker St Oil..
Ry Sec Il C... xayonier pf ... Yepublic Stl ... revere Cop Revere 7 Revere 5% pf.. Reyn Tob B ... Richfield Oil ...
- Pa8ie
Safeway 5 Jolie 105 cas 28%
pr Sr es or “TOO 1D DOOD «TRS | Fp 0S Gs OO
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8 Sper ry
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Und Ell Fish .. 36% Union B & P.. 83% Union Carb .... 651% Un El Mo § pf.112 United Aircraft 25% « 1134 13% 9-32 113% 53% . es 35% 98 cos S114 .. 48%; A... 10
361% 814 6536
13 United Corp United Cp BF ‘ United Drug . United Fruit m
49 153 LY.
Vadsco a . 24% Vanadiu 1 15 Van Raaite ‘pf 113 11434 Vic Chem ee - 36 Va-Caro 6 Df 31% 31% Virginian v.. 26 28 =
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247,
%
Fabash f 3%. Nard Bak B .. Varaer Bros varren Br varren F&P . Vash Gas Lt. Nes Oil & S.. N Pa P pf.. Vest Pac pf. Vest Union
ite Sew Villys Over’ind, 7illys Over'd pt 5% 00d War Iron j8)
right Ae “it 50!
rigley } Yas
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50%
107% 291%
Yelloiw Tr . 10% Young Sheet ... 29% 18%
Zenith Rad .... 13%
MILL BUYING AIDS
CHICAGO, June 30 (U, P.) —Im=
: proved milling demand sent wheat
futures fractionally higher on the board of trade today.
s|led by rye, shared the advance, and
soybean futures shot up around 2% cents net. Wheat was 3 to " cent higher! at the end of the first hour; corn & to % higher; oats up % to 3%; rye % to 1 cent higher, and soybeans up 23% to 2% cents.
U. S. STATEMENT WASHINGTON
, June 30 (U. P.).—Govses and ts year Shtoueh June
This re Last Year
RE 2 $31, 2 LL Hes 988.355. 2
ernment _e r the
FRE
RR,
Sh Res
|
| Incorporations
Gray, Gribben and Gray Co,
SSRI i pk
1 ok: t J. 8 Re
so (use it for.
12 {ilized world,
% to peace.
% | chinery. | the proper forms of steel in the
*lecause we did not know
. officially, after
WHEAT FUTURES
Other grains, 343
in hot water.
{Last of
our bottleneck in steel.
to do too much too fast. "needed, or what we were going to We tried to win the war without giving up the peace. Those, really, are the reasons why the greatest steel-producing nation, with a capacity almost equal to all the rest of the civis having nightmares about steel. Geared to Peace We had a steel industry geared Suddenly we set out to build more vessels in two years than Great Britain, the traditional maritime power, has accumulated in all her history. We undertook to manufacture in two years more planes, more tanks, more guns, more bombs, more shells, more of everything than the rest of the world together. These things were different than we had been making, and re= quired different plant equipment. Moreover, these things required varying types of fabricating maIf we were to produce necessary quantities, we need to plan in advance. We couldn't plan efficiently bewhat we wouid ° require. Our objectives were changed by circumstances at frequent intervals. Our sights were raised constantly, as the acuteness of the united nations’ emergency, and our allies’ de-= pendence upon -our production, became more evident. “Professionals” Carp
For example, consider ships. We have been told that steei plate shortage slowed up production. In May, 1942, the industry turned over to the maritime commission two-thirds as many plates as the companies had been told, semi= Pearl Harbor, that they would have to provide in April, May and June combined. Whose fault? The steel companies exceeded the quota set for them. Do they blame the government? Not at all. They consider the acceleration of ship construction a very proper step toward beating Hitler. In fact, the more one inquires in responsible quarters about the steel situation, the less one finds any but professional carpers trying to place blame. Instead, the participants are trying to straighten out the mess, and there are indications that they are succeeding.
OTHER LIVESTOCK
CINCINNATI, June 30 (U,_ P.).-— Hogs Receipts, 2850; weights 160 Ibs. and over, cents higher, other weights and sows steady: top, $14.80 paid for good and choice 180-275 1bs.: 275-300 ig $14.70; 300-400 Ibs, $14.55; 160-180 3 85; medium and good 150-160 os. Th good sows, $12.75% 13.50. Cattle—Receipts, 450. Calves=Receipts fairly aeyives steers, heifers, cows and bulls fully eady: 700-1b. good steers, 25; other caalings steers ond heifers, 12.75@13; common and medium, $10.75@ 12.55: common and medium beef cows, [email protected]; good cows $10@ 10.23; canners and chitters, $6. 25@9; sausage bulls active, mostly $11.40 down or ens fully steady, at $14.50 down: good and choice, $13@ common an mednm, $10.50@ 12.50;
cult Y $9.50 dwon, Sh ts, 1200. spring lamps, 50 off more; top, $15;
ee ipts, cents lower; out grades choice, $1a@15; common and 30 ans, down to $7; fat sheep steady, $6
star 00-350 gn’ Hl 550-240 ibs. 1445." 180-200 lbs. 160-180 ibs.
HE BRE Hig 3
35. ibs. » Re. 3%; $ ’ youghs, $13.
aT 50 $13.50: 100-130 ay ih WL jolves) Sigh st
Up to the e Wagon cago Market today, hn v tlanaielie ; hour mill ol nd gran fog
wi eat. (i 3%, Shelled “corn on thelr Senn
HAR Ni ii 30 42.
=[LOANS
wit The CHICAG
yellow 8lc r d No. shelled corn corn, " oho: white ats red oats,
bushel ng
Serap, scrap and more scrap is needed to overcome the steel bottleneck. This mountain of discarded boilers will help keep the enemy
Steel industry Geared To Peace Instead of War
a Series)
By S. BURTON HEATH Times Special Writer NEW YORK, June 30.—There have been attempts to find a goat for The OPA, the industry, President Roosevelt, :| Gano Dunn, organized labor and the bankers have been blamed. Now that the situation is shaping up, it appears that no indi-
vidual and no group is responsible. We didn’t know what we wanted, what we
From a standing start, we tried
As to the prospects, begin with the fact, apparently sound, that we can make more ingot steel than we actually need, without enlarging our plant any more. The shortage, then, is in shaping apparatus. Plate is a headache. But by the end of this year the continuous strip mills, which used to make automobile steel, will all have been converted to making plate for war purposes. There shouldn't be any bottleneck there. As the war building program is completed, the pressing need for structural forms dies naturally. So far as the prosecution of the war is concerned, this is taking care of itself. In no other field is there a major difficulty. There is one other phase, how=ever, which is important. That is the scrap situation. This year our steel plant will fall perhaps six or seven million tons short of its potentialities because of shortage of steel scrap. Speaking of the scrap shortage recently, WPB Chairman Donald Nelson declared: + + + it is none too soon to think of tapping the fences, gates and decorative works.”
Half Pig, Half Scrap
In the American technology, most mills average to use half pig iron and half scrap. It is possible, the= oretically, to use all pig iron. One major producer uses three parts of pig to one of scrap. Another mill about reverses these proportions. To make a ton of pig iron, it is necessary to move four tons of ore, coal and limestone. With transportation as short as it is, we can't afford to move four tons when we can get equally good results by moving one ton. To make pig iron requires blast furnaces. We haven't enough to get by without sckap, and we can’t afford either the metal or the time to build enough furnaces. By sorting and testing, it is possible to make certain important alloy steels directly from scrap, thus salvaging the scarcer alloying metalso of which we can’t possibly get enough. Need More Scrap
For these and other reasons, scrap is vital to steel production. Most scrap is a by-product of steel-making and working. Normally a ton of ingot steel produces about 1400 pounds of steel shapes, which in turn is cut to about 800 pounds of steel in the finished product. The remaining 1200 pounds becomes scrap, for re-working. But now much steel is going abroad, and the scrap never comes back. Domestic fabricators. are so busy they don’t return their scrap. The expanding program makes ins creasing demands. The steel mills can’t get enough. In co-operation with the WPB, the companies have appropriated a million dollars for a scrap drive. Automobile junk yards, farms, even private residences are to be combed for pld steel. e companies have no doubt that enough can be found. If they are correct, the mills can run to capacity. In this event, there will be all the ingot we can use for really essential purposes, and all the fabricating capacity. Then there won’t be a steel bot-
tieneck any more—for War purposes.
on Everything Diamonds, Watches, Musical Instruments, Cameras, Clothing, Shotguns, Etc.
JEWELRY CO, Inc.
146 E. WASHINGTON ST.
SANTA FE DIVIDEND
Indianapolis Business Summary
‘Bank Clearings cevesransere eee veee 323,545,000 ces erverevrres oe 358,921,000
Bank Debits Postoffice Receipts ...cevovivercnnes Building Permits Houses Apartments Business ..ccoieeiveitsiiveeens Industrial Public Repairs & Alterations .....e.0. Applied for Jobs . Received Jobs Filed Unemployment Claims ...... Freight Carloadings: Inbound Outbound. ......... Electricity Output (by kwh) ...... Water Pumpage (by gallons) ..... Streetcar Passengers (June 20) .... Telephones In Use (June 25) ...... Livestock Receipts (head) ......... Cattle CAVES civesissisnrsnisesvrienss Hogs Sheep Grain Receipts (bushels) ..ccooveee Corn ... WHERE cicssirsitssisrsssvanvnes Oats Rye Soybeans
sts asta esne Cassese stent
“en
CBs ser sts REIR
LeeLee anbiissseRssRanEe
ters sesreetsesenrenee
series
EEE EE EE EE EEE EE NN)
“esses esr ets essBssBNR
tees esi seca easensnennee
Seis bsess sess Rr0RsRr en
Sees esesttBs sess Css rsetNBceRRr ets
Sess es sree sssssas ene
Sources of above figures:
Indianapolis Office of State Employment Security Division, Pennsylvania Railroad, New York Central, Chicago, Indianapolis and Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Agriculture Marketing Service, Indianapolis Board of Trade,
Illinois Central, Water Co., Indianapolis Railways,
.. $1,221,118
. 275,920,000
Indiana Bell Telephone Co.
Week Before $32,344,000 $99,179,000 $88,336 $42,250 $52,800 518,800 0 0 0 $1,000 $1,144,140 $2,500 0 0 $24,178 $19,950 1,583 1,741 655 880 329 238
Last Week
$94,977
4,024 2,330 15,664,000
4,039 2,232 15,656,000 270,960,000 1,745,138 4-168 54,493 6,333 3,545 42,130 2,485 531,000 399,000 25,000 8,000 82,000 84,000 0 20,000 27,000 20,000
1,798,679 +72 57,314 6,820 3,577 43,713 3,204 563,000 429,000
Last Week A Year Ago $23,783,000 $56,596,000 $87,879 $314,112 $281,600 0 $9,660 $15,000 0 $7,852 1,351 544 221
4,695 2,766 14,534,000 326,430,000 1,368,513 +9. 63,953 5,385 4,196 50,423 3,749 812,000 540,000 161,000 94,000 0 17,000
$1,473,003,000
1942 Thus Far $667,858,000 $1,844,058,000 $2,486,132
1941 Thus Far $590,502,000
$2,375,123 $6,928,664 $4,409,444 $3,123,425 $2,499,405 $394,000 0 $978,654 $220,376 $1,655,300 $1,322,140 $215,500 $15,800 $561,785 $345,560 27,103 34,504 13,673 16,553 7,848 11,794
103,774 65,570 375,751,000 6,460,880,000 42,175,335 115,555 1,415,393 158,356 74,416 1,057,998 124,590 14,994,200 11,075,500 518,000 2,840,200 181,000 379,500
104,403 64,761 332,703,000 5,837,010,000 32,951,407 105,334 1,441,117 144,477 74,396 1,113,809 117,435 15,563,800 12,000,500 802,600 2,244,400 152,000 366,500
Indianapolis- Clearing House Association, Indianapolis Postoffice, City Building Commissioner,
Baltimore & . Ohio,
Center Township Trustee, Federal Reserve Bank of Chicago, Indianapolis Power & Light Co.
LOCAL ISSUES
Nominal quotations rurnished by local
SPURS RAIL STOCKS
NEW YORK, June 30 (U. P.)~— Stocks moved irregularly today with volume small. Railroad issues turned more ace tive around the end of the third hour when Santa Fe directors declared a dividend of $1.50 a share, against $1 paid previously. Santa Fe rose to 35%, up %, and its preferred rose a point. New York
Central held at the previous close|l
of 8. Union Pacific lost 4 to 69% on its opening which came at midsession. Steel issues were fractionally easier. Chrysler reduced an early loss of a point and General Motors replaced a loss with a minor advance. Sears Roebuck declined 3% to 52 on the opening and held there. Coppers were slightly lower, mercantile issues steady to firm, and oils firm.
LOCAL PRODUCE
Heavy breed hens, full-feathered, 17%ec; Leghorn hens, 14lsc Broilers, 2 . and over: colored, 20c; white and barred rock, 2lc; cocks, lle. Springers, 3 lbs, and pyer: colored, 22e; barred and white rock, 23c. All No. 2 poultry 3 RL less, me e=Current receipts, 54 Ibs. and up,
96 raded Eggs—=Grade A. large, 3lc; grade A medium, 29¢; grade A small, 26¢; no 1, 38%: R40;
grade, ars —No No. 2. 371%@ 380. pttertat, No. 1, 0. (Prices on produce delivered ‘at Indian Ly quoted by Wadley Co.)
® § Tubes, including Beam Power Output Tube ® Built-In ElectroDynamic Speaker © Built-In Interference Filtering © Illuminated Wide Vision Dial
© Many
Contro © Aerial
930 N. MERIDIAN ST.
unit of National Association of Securities
Dealers. Stocks
Belt RR Stk Yds com ..eeseee Belt RR Stk Yds pfd «ceeeees
Bobbs-Merrill com
Bobbs-Merrill 4%% pfd ......
Circle Theater com ..... Comwlth Loan 5% pfd. Hook Drug Co com ......
ceanen »
Bid 51 63 4 “ee 45 “es 25 29 93
Ask
teens
Home T&T Ft Wane 7% bid. . "
Ind Asso Tel 5% pfd .
93 ren aamenes iy
*N Ind Pub Serv 5%% a. sens TO
*N Ind Pub Serv 6% *N Ind Pub Serv 7% SrogLess Laundry com Pub Serv of Ind 5% pfd.. Pub ary ot Ind Inc com
Van Camp Milk com Bonas
Wins'w Wan | 4%8. 00. Loan bs
ADD MILES TO YOUR TIRES WITH INNERLINERS
'3.WAYS 10 BUY
Regular $4.75 Latest Type
AERIAL GIVEN
With Any Model Philco POWERFUL 6-TUBE PHILCO
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Other
Quality Features © Automatic Volume
gash Ww Charge w
Budget Pay Plan
GARMENT MAKERS AIDED BY OPA RULING
WASHINGTON, June 30 (U. PJ, ¥ —Contractors in the apparel induse try: will be allowed to regulate charges to compensate for increased
labor costs, the office of price ade ministration ruled today. Describing the order as necessary to make it “economically possible” for the contractors to continue making garments, the OPA allowed maximum charges to be based on wage increases paid up to April 27, Previous charges were set at the level of March, 1942. The order becomes effective om day, and provides for “direct labor cost” to be computed on the basis of wage rates paid on March 31, plus any increase made up to April 27,
DAILY PRICE INDEX
NEW YORK, June 30 (U. P.).—= Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ... woe. 156.32 Week ABO ....vvrsessrsoiess 194.985 Monthy ABO ..covsessvneceese 195006 Year Ago . vessssese 13893 1942 High (May 9) ......... 158.34 1942 Low (Jan. 2) ........... 151.54
ses esas
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Stainless Steel IMMEDIATE INSTALLATION i.
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OPEN DAILY TOO P. M OPEN SATURDAY (ITH OF JULY) 8 A. M.TO I: 30 P.M.
SUNDAY TO 1:30