Indianapolis Times, Indianapolis, Marion County, 1 July 1942 — Page 16

BUSINESS

A meee By ROGER BUDROW

Is Another Stock Market Boom in the Making Now?

JULY IS USUALLY A GOOD MONTH for the stock

~ market. In the past 44 years stock prices (on the industrial he average) have gone up 30 times and down 14 during July.

One of the more prominent investors’ agencies, Standard

declaring that it believed the Standard & Poor's pointed out

thn, the situation today is the same

“as that which preceded the beginning of other market booms, such, as in 1896-99, 1903-06, 1917-19; 1923-29 and 1932317. “Buying stocks when nearly everyone distrusts them and almost no one wants them has been exceedingly profitable in the past. We believe that today a similar

Roger Budrow ,, .i.nce is at

"hand and that the time to get ready

for the next bull market is now,” Standard & Poor’s advised. But just how difficult it is to know what stocks to buy was pointed out by the. Investment Bankers

"association publication, which point-

t

Ares,

Sh

a

io

“uncertainty of priorities.

SY Mp AE a ERT IAA ¥ =

iy I rp EA WPI, WTR A Wl 4

3»

ed out that some stocks are being pushed by promoters now, such as mining stocks, with the claim that the war will greatly stimulate such industries whereas the stocks are actually poor quality. Another difficulty for today’s investor is the A firm's statement may look fine and its prospects good but a priority ruling can upset that overnight.

” » ”

IN THIS CONNECTION it is interesting to see that Homer Martin, one-time president of the United Automobile Workers union, Is organizing the “United Investors ‘of America.” Its purpose is to pressure corporations into paying at least four per cent in dividends ion their common stock. Mr. Martin hopes to get 1,000,000. members paying $10 a year. Let's see, that adds up to $10,000,000 a year for the organization. ” 8 s ODDS AND ENDS: Pacific Tin

Consolidated Corp. has written off $2,500,000 for tin mines captured by

‘the Japanese in Malaya. . . . Movie

firms are expecting early payment of some of their funds frozen in Britain since the war began (Loew's has $9,000,000 tied up abroad). . . . Alaskan spruce will be brought down for trainer and transport planemaking. . . . New Zealand will dehydrate butter for Britain, something not tried yet in this country. . « + Cocoa supply is lower with

- consumption cut 60% and imports

off 75%. . . . The south is getting

50 million pounds of calcium ar-

senate to fight boll weevil, most ever.

WAGON WHEAT

& Poor's, cheered up gloomy Wall Street yesterday also by

“bear market” is over.

U.S. FISCAL YEAR

CCC to Liquidate Itself Next Year But NYA

Is Retained.

By DANIEL M. KIDNEY Times Staff Writer WASHINGTON, July 1.—Uncle Sam started the fiscal year today with one less bureau. Congress decided to win the war without the civilian conservation corps.

liquidate itself, however, and a year in which to do so. President Roosevelt had asked for $80,000,000 to keep it going. . At the same time congress allowed $58,049,000 to continue the national youth administration. CCC was created by act of congress. NYA was set up by presidential fiat. Both were depression-

tration sought to continue them as aids to victory. But congress, while retaining NYA, decided that the demand for youth in the armed services, in war-production factories and on the farms was such that CCC should close shop.

CCC Spent $2,700,000,000

Since its creation in 1833, CCC has spent $2,700,000,000. The peak of its operations was reached in 1935 when it had 520,000 enrollees in 2652 camps. First director of CCC was the late

by his assistant, James J. McEntee. Originally operated as an independent organization, it was eventually put under the federal security agency, headed by Paul V. McNutt. Last year the corps obtained a $246,000,000 appropriation, but President Roosevelt froze $95,000,000 of that. Many CCC camps were closed and CCC workers shifted to army camps. This was the work the administration sought to continue. Also forest fighting, for which the U. S. forest service has been given an extra $40,000,000. Supporting a recommendation of its appropriations committee, the house voted 158 to 121 against including $75,818,000 for CCC in the FSA appropriation bill. As the fiscal year began, a $45,-

me effective, but the | agriculture department faced the

immediate future without funds.

DR. A. G. MIESSEN

REGISTERED" OPTOMETRIST With Offices at the

.29 ON THE CIRCLE 2 Doors from Power & Light Co.

WHEEL CHAIRS

Why buy one? Rent one at

HAAG'S ALL-NIGHT 22nd and Meridian DRUG STORE

i

RE-WEAVING of MOTH HOLES—BURNT or WORN SPOTS LEON TAILORING CO. 235 Mass. Ave, B52

ANI ON AN I FA TiYL in the State

INDIANA FUR CO.

WASTE PAPER

AMERICAN PAPER STOCK COMPANY

29-31 East OHIO St.

on SAVE 25% in Our Sensational Clearance of Summer Apparel! on Easy Credit

LIVINGSTON'S

129 W. Washington St.

RI-6341 320 W. Mich.

STARTED TODAY:

It alldwed CCC $8,000,000 to|B

born aids to youth. The adminis- Che

Robert Fechner, who was succeeded ¢

USE YOUR RED at

\Y 3 OS KINGS CLOTHING COMPANY 131 W. W

n St Directly Opposite en Theater

ri

= | Levinson Hes the STRAW For You in 42

soit Straws, = $1 95

3nq Su $2.05, $3.85, $5 ®

YOUR HAT TE

' Quality Dry Cleaners

WE Buy Diamonds

HIGHEST CASH PRICES PAID

STANLEY Jewelry Co.

113 W. Wash. Lincoln Hotel Bldg.

SHERWIN WILLIAMS

~

| Puan a Garments, 49¢

a Ey

High Low Addressograph «12 Air Reduc . 30% 13 Es J is 3.9 9- 3 Alleg Cp ‘pf 4 Allied Chem ...134% 133% Allied Stores .. 5 5Ys Allis-Chal .... 23% 23 Am Bank Mote 7 q Am ch 4 4 Am Br Shoe 4 24 Am Br Shoe pt'127% 121% Am ce rye go% 66 Am Sug.. 14%, 14% Am Crys 8 6 pf 951s 95%, Am&F Pw $7 pf 24 24% Am Home Pr .. 47 417 Am B® cane 1 31 Am Inter ...... 2% 2% Am Lace eee 6% o> Am Am Loon Bf 10% 10% Am ché& . 4% 4% Am Metal pf...117 117 Am News ..... 2% 23% Am Pwr&Lt 9-16 9-1 Am & 4 4} Am Smelt ..... 36 36 At: Sul «eee. i, 1 Am JUGAL ecco s Am AT Jove ved} Holt Am Tobacco .. 42 42 Am Tob B .... 43% 43% Am Type P ... 4 i Am Vis .. 25 25 Am Viscose pf.116 115% Am Water 2 2% 41 3 wat Wint 37 42 ye: ur bei : 10818 108 4 ris p Armour 1 2% ii EL Ck.. ih 267 Artloom ....... 3% 3 Asso Dry Gds.. 4% 4 Atchison ...... 6% 36% J Atchison pf ... 62% 62% Atl © Line ..... 1a 21% At Refining .. 16% 16% Atlas orp i ¥s sn Aviation orp n 2% 3% ) —P— Bald Loco ct .. 10 9% Balt & Ohio .. 2% 2% Barb Asphalt . 8% 9%; Barnsdall ..... 8% 8% Bath Ir Wis .. 13 13 Bell Aircr: .. 10% 10% Bendix Avan ... 292 292 Beth Steel .. 50% ‘50% Beth Steel 7 pf.105% 105 Bigelow San ... 222 221% Boeing Air 15% 15% Bo 3 a & Br 28% 28% Borden ........ 19% 10% Borg-Wariief | . 23 221; Briggs Mfg .... 18 18 rown Shoe ... 28%; 28% Bucyrus-E 7 pf 106% 106 Burroughs 75% 5% Butler Bros ‘pt. 2014 202 Byers pf ..... Bh 9 Byron Hackson 1214 12 Cal Packing .. 16% 16% Callahan inc. v Ya Canada Dry ... 11 11%, Cannon 1ls.. 30 0 Caterpillar T.. 33% 33% elanese _...... 8 17% Coaneze 7 pr pnt 117 Cent Viol Sug 11 Century Ril 2 Cerro Ye Pasco 20s 20% Certain-td 6 pf 24 23% & Ohio... 29% 29% JChic E III .... 3 Ya Chic E Ill A.. 3 Chi G W R pf. 10% 10% Chi Pn Tool cv 35 35 Chi RI&P 6 pf Ya Ya Chrysler ...... 9% ° 58% City I&F ...... 10 10 Climax Moly Co 35 35% Cluett Pea . 30Y 30% Colgate = 13% 13% Col & So 2 Fe 1 1 Col Broadcast A 11% 11% Col Broadcast B 11%, 113% Com e Je. 20 20 Com Inv Tr.. - Wh 25% Com Solvents .. 8% Ys Comwlt, So. 7-33 7-32 Comwlth So pf 25% 25% omwlth Edison 20'z 20Ya Cons Aircraft.. 18 15% Cons Edi on pf’ 81 36 ons son p. /a Cons Qil ...... 338 5 Cont Bak ..... 2% Cont Can .... © oh A 2414 ont Ins ..... 35% 35% Cont Mot ...... 3 Cont Oil Del. 217% 321% Copweld Steel... 9% 9s Corn Bx Bank. 31 31 orh Prod 48% 48 Crane Co ..... 10% 10% rane Co ot.. . - 3 89 Cream Wht 14 14 Crosley Corp .. 6% 6% ba RR Dp 11 11 Cub-Am Sug 2 90 83% ub-Am Su; 5% 5 Curt Pub pi.. 13 15 Curtiss-Wr 6% 68 Curtiss-Wr A .. 19 19 TDavison Chem 9 Dayt P&L ry 108 108 Decca Rec ine . 6% 6% Del & Hud .... 8 DlLac & W .. 3 Va 3% Det Edison ... 15%2 15% Dist Seag .... 18 18 Dixie-Vortex A. 33% 133% Doehler D Cast 3a 21% me Mines .. 11% Dunhill ........ 30 3% Du Pont ....... 113% 113% Du Pont pf ...122% 1221; —E— East Ain Eihes . 22 22 East R Mill 3 3 East Kodak 12912 127%; Elec Auto-L 25% 25 Elec Boat 102 10%2 Elec Pwr & Lif 2 2 Elec St Bat 31a 31% End Johns pf ..110% 1103 Equit Bldg Ys Ys Erie .........h0 5% Erie ct ........ 5% 3a Bureka Vac ... 2% Ex-cell-0 ...... 22 Fe Fed Dep St ... 13 Firestone T ... 16 Pirst N Strs ... 31% Florence Stove. 114 Follansbee Stl . 33% 3Y Foster Wheel .. 10 10 Food Mach 29 29 Fost-Whi cuppf 16 16

go G ¢ 2% Gu f.. 78 8 Guit aone On 2% 2% Hack Wat Hayes Ina PLA 33% 3% Hecker Prod ... 5% 5 © ee. 53 53 Herc Pdr pf....128 129 Hershey pf ... 89% 89% mutes bul a SH u! Bay 1° 19° lo [11 Central .... 6 11 Cent LL ... 34 a uterchem pf ..109 109 [ntercon Rib es 6Y 0% aterlake Ir ... 8 6% [Int Harvester .. 45 4514 ng M Ny ne. in 5 b n . int Nickel... 33% 25% nt BR EC Am ‘pf 41% 41 CIR tS + a —J— Jewel Tea ..... 22 3 Johns Man va an Jones & Teh oe . 18% 17% —K— Kalamazoo SF.. 87 8 Kayser Jul 3 a Kennecott ..... 28 28% POSS ovens 21% 31% Kroger G&B .. 25% 25 Laclede % pi 3 31, e eh V coal’Cp np Mik Lehman ....... 19 19 L-O-F Glass 24% 24% TERR ink Bete”, 3 31% Lockhd Alrcratt 18 © 16 W'S... eeersve 40% Lou & Nash ... i 60% anati Sle ves ry 2% ri © 2 Art Gil R ot : 3% 14 M LL Mh Corp.. 2 15% 384 cCadll 5 oe 10% 10%, cK essnnldy ue Mengel ....... . 4% 4 Merch & . 27 27% Mident Pet .... un Jn Minn Hn . 38% 39% ission orp .. 9% 9% santo 2 Big 106 ont Wa .. 28Y2 28% footler Br... 23% 29% AM ie urphy G . 54 54 UITAY eeeeeen 4% © 4% sano Kelv .... 8 8 Nat Biscuit 14 14 Nat Cas! . 15 15 Nat 0, Gas... n Nat Dalry 13 2 Nat Distillers .. | aie a1 Nat Gypsum .. 4 4 Nat Lead pf B 131 131 Nat Oil «eo 33 33 Nat Steel ...... 47 47 Sup ...... 4% 43% Nat Su 24 pt 50 50 ewpo 1% 7% Newnd IE ot 29 29 NYC 8 7% NYC & St L pf 37% 3714 N Y Dock ..... 4%, 4% Ship ..... 20 ‘19% Norf & pf .100% 109% No Amer ...... 7 TY No Amer 3% pt 44% No Amer 45 No Judy wee 10%

No Pacific sane

Net Last Change

By

& Soran 1 FFE BS

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By UNITED PRESS

- THE INDIANAPOLIS TIMES

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS ve o.| Yesterday .....icccii..oi. 208.38 40.27 sees Week AZO .ccivvecrisneess 102.67 - el), 36 itty | Month Ago ....eeeiceiecsees 102.15 40.85 + 294 Year Ago ...... eesaseneseeses 128.58 40.73 |W T+ ¢8| High, 1942, 114.22; Low, 92.92. + High, 1941, 133.59; Low, 106.34. + 20 RAILROADS - % Yesferday ...... sevisee. 4.1% ase —"1v% | Week Ago ....... esses 23.51 —0.08 wes % Month AgQ ......oveeeeeen.. 28.37 +0.08 — 4 | Year Ago ................ 28.45 +017 gone ie High, 1042, 29.01; Low, 28.1. + Ya! High, 1941, 30.88; Low, 24.25. - 3 15 UTILITIES | ese Yesterday .... cressescsee 11.%8 —0.01 —c Yn Week Ago .. eessessnees 11.65 —0.13 J Month ARO ...ccvevecneseses 11.48 us ae Year AO -....icnnnee ewan 18.04 40.33 +1-16| migh, 1942, 14.94; Low, 10.38. = High, 1941, 20.65; Low, 13.51. = > High Low L Os nes g Ww as 1 pac West Ol . 5% 8% 5% .... 4! Packard ...... 2 2p Bip + | packard Airwys 10 love 16% — % ty | Parker Rst Pri«14% 14% 14's +, AC +. | Patino Mines 84 18% 18% — enn RIV .ecove B seen — R|pmn Eh Ae RHE NE Zw veie dere Marquette 4% 4Y, 4Yy — Sa —_""1, | Pere Mas pf... 20 20 0 —_ 1 + fi|ere Mat pr gi 37% 37 Te — % 4 | Pfeiffer Brew ®. 5 5 5% .... "yy | Phelps Dodge .. 23% 23% 23% — 3% = U|enifips Pet... 36% 38% 36% + % + 4 2jtts Coal pf Jia 30 30Y, — % ee s Proct & G Dp 84 18% 118% 2% ove EUR SEIV ir 38 a1 By — "| Bure © 5. Bt... ai? ofB gi 9% ourity Bak .... 10% 10% 10% .... , 78 = P|qusker st Of... 9% 9% 9% .... -_ aR cons adio oz coves 3 3 3 Ty see 0 0 PI ...... Spl Eo gr 2 2 Tl = f|Badhs Ow Hw pn =f — 4 nn, . 4 — Z | Rehabs Stores. 63% 6% 6% i... — Y3|Rem Rand .... 8% 834 8% + Ya vere epublic Stl ,. 13% 13% 13% .... — 3% |Revere Cop .. 5% 5% 5% + — .|Revere 7 pf....116 114% 116 + 2 — 3, |Revere 5% pf.. 59 582 59 enw — 15 |Reyn Met . 6% 6 6% — Ya + 13|Reyn Met £... 79 9 79 —1 in ichfield oll J 8 1% pi 1% |Ruberoid ...... 2 aa Tl Buna rust) ee ‘ave 8% + cB — — Yo |Sufeway 5 Bf-103, 1% OE = 1% Fy Sears TE 52% 82 Be — Zt Shattuck aren A 4% 4% Sy — 1g |Sheaf Pen . 31% 31% 31% + 1% “ati onol me BI cee ons cere Some Nac Ix Il 35¢ -— - “rue S0 8 8 — Y|South Pac .... 11 ° 107% 11 sone — South Ry cee 13% 13% 13% — 5 scene encer cease — = Sperry Corp .. 23a 237s 23% ..- Zz 7 Spicer Mig : - 32% 32% 32% —- Y 2? [s evse =3-16 Spickel Inc pf. 3 ia 3% = tus 2 ranas .. 8 |S caES Rl SB BA gh = see. al...... -— 2 Fu Std oi Ind... 23% 23% 23% — % + I|std Oil N J... 35 34% 34% — % — Ys|Sterl Prod .... 54 54 4 eve sen Stew-War ..... 6 6 6 vy St Studebaker ... 4% 4g 4 .... + {Sun Oil ....... aT," aT. 4TH + Wa + Superhtr oi’: 12% 12% 12% — Ya re Superior +1-32| SORE Intl 23 23 Syming-Gould . 3% 3% 3% hy —T 4 Bl i 0 yy, | Texas Gulf Prod B04 01s sive — '% + Ya| Tex PC & O... 5i2 51a Bia ... ..e. | Tey Pac LT .. 4% 4 4% ... — ¥ | Timken R B 38 37% 31% — % — Ya|Truax Tra ... 5% 5% 5% — Ys — %|20th cCent-Fox. 9% 9% 9% ... «++ |Twin CRT pf. 33 33 357% Zy =U : — 3 Und EL Fish, ..36 35% 35% — — Y4| Un .. 81; 812 82 4 V8 i— Ie Baio Garb © «ea Bs 88a 83a T 2 — 8 + ia United Arcrati 29 384 254 28a = Bh 74 n 8 8 T | Una R cc oss 9.3 033... + Va| United Cp pf... 11% 113s 11% + Ya “ors Un Dyewood pf 402 40 40> 4 134 —Ys | Unit it ... 52% 52% 52% .... Un Gas Imp 3% 3% 3% ... U S Dist pf .. 30% 20% 29% — 3% + ,%|UB & For sec 2% 2% 2% — % BE Spn is a a = cere wey = “|g s Plywood . 21% 21% 21% + % my § Soe CG RE = eevee 4 —-— 8 — VYs|U 8 Steel pf...108Ys 107% 108 +4 3s on u 2 Tol b vhsdene a 19 k + oe 8 T 4 Tale LF 3 148 145 +3 —_— 3 ‘ ®t + 7%|Vvadsco Sales ..13-32 13-32 13-32 .... Vanadium ..... 14% © 14% 14% — -— 1 —W— “ees Wabash pf ... 2112 211; 21%, .... — 2% | Ward Bak pf .. 217% 21% 21% + 7% — 3g |Warner Bros .. 5 5 5 — Ya “sre Varese) F&P .. 33% 380 25Y2 ty T BPs Qed Re Be Pe + % Cite a El 6 pf.. 52% 53% 52% 4° % 3

If you can manufacture any of these materials, contact the war

production .board, 10th floor,

olis. Asterisk indicates plans and specifications are on file there.

eases senen

Circle Tower building, Indianap-

STOCK PRICES EASE;

‘NEW YORK STOCKS

High Low hast change WwW Pa po] 7 pf.. 61 60 West cesss 8 Ba a +1 a West on Be BY — Vg West Air Bke.. 14 14% — 1 Weer of one: Lo 109% 11902 TF 14) Waser Steel... 30 ne T. 4 Willys Overld.. 1% 1% ee. fF Willys Ov-pi.. 5% eee | Woolworth ... 37 26% £ wu & Yellow Tr ..... 10% 10% 10% .... | Young Sheet .. 29% 29% 293% Ye Zenith Radio. . - 13% 13% 13% — %| Zonite ......... 1% 13% 1% ....

TRADING IS LIGHT :

NEW YORK, July 1 (U. P.).—The new month started on the stock market today with prices easier and | 1 trading light. American Can, which cut its dividend from $1 to 75 cents a share, declined more than a point to 66%." Around the end of the third hour, | the list was showing signs of steady- | ing at the day’s lows, Amusements held better than other sections. Loew’s gained % to 40%. Some aircrafts were better and sugars held firm. Montgomery: Ward was up a fraction while Woolworth held unchanged. Allied:

inghouse Electric was steady and! General Electric easier.

PRICE MOVEMENTS | ARE WIDE IN GRAINS

vis

CHICAGO, July 1 (U. P.).—Price movements on the board of trade a

rye and soybeans moved lower in| early dealings, but corn and oats]

+{ maintained a steady tone.

At the end of the first hour, wheat was % to 1 cent a bushel

*|lower; corn unchanged to % high-|

er; oats up % to 3s; rye off % to} 3%; and soybeans % to 1% cert lower. = le

Egyptian Cotton May Be 'Scorched’

LANCHASHIRE, England, July 1 (U. P). — A huge supply of Egyptian cotton, stored mostly at Alexandria, may be sacrificed under the “scorched earth policy” to prevent it from falling into enemy hands, informed cotton trade quarters said here today. | The supplies, worth an estimated $80,000,000, would be burn up if the German drive into Egypt continues successfully, it was understood. | The Germans, short on all fibre supplies, “would be overjoyed if they could seize several million bales of the world’s most expensive cotton.” _ Because the enemy urgently needs cotton for tire fabrics, gun--cotton and other explosives, local quarters expressed belief that ‘British Egyptian authorities would not hesitate to set fire tc Alexandria’s warehouses if the Germans near that city.

New Ceilings For New Toys

WASHINGTON, July 1 (U.° P.) —Children’s toys and games soon will come under a special maximum price law, Price Administrator Leon Henderson announced today. Prices for toys are now based on March levels, but the manufacture of many new: toys minus strategic materials and the ap- °

Chemical gained 2% points. West-:

today were widely irregular. Wheat. goo

1$14.60;

PRICES ON HOGS ARE UNCHANGED

Top Remains at $14.65 as

5318 Porkers Arrive; Vealers Steady.

All hog prices remained un-

‘changed at the Indianapolis stock‘yards today, the agricultural marketing administration reported.

The top remained at $14.65 for good to choice 200 to 220-pounders.

i Vealers were steady with a $14.50

top. Sows were 10 cents lower. Receipts included 5318 hogs, 804 joatite, 597 calves and 631 sheep.

HOGS (5318)

| Good to Choice—

120- 140 pounds [email protected] 140- 160 pounds . [email protected] 160- 180 pounds [email protected] 180- 200 Ss . [email protected] 200- 220 pounds [email protected] 220- 240 pounds ... 14.606014.770 240- 270 pounds ... 14.50 @14.65 2e- 300 pounds [email protected] - 330 pounds 14.45@14. 3%- 360 Pounds 14,[email protected]

Medium—

160- 200 pounds ....ccceeuaee [email protected] Packing Sows Good and Choice— 270- 300 pounds .. [email protected] 300- 330 pounds ... [email protected] 330- 360 . [email protected] 360- 400 pound s [email protected] ood— 400- 450 Wi eessssnssces [email protected] 20 5 tessessssssss [email protected] + 250- 850 pounds ............ [email protected] 4 Slaughter Pigs Good: 0 Re Cearmrenanrey [email protected] CATTLE (804) Slaughter Cattle & Calves Steers | Chot 700-- 500 Dounas [email protected] nds .. . Nol 1300 Dl . 5014.75 et: 1500 DOUNAS .evveeseesess [email protected] d— Goo 900 pounds .....eoee0s... [email protected] 900-1100 .poUNdS «.coceecssese [email protected] 1100-1300 pounds ....cee.s0e.. [email protected] 11300-1500 pounds ....coeeee... [email protected] Medium 700- 1100 pounds ...ceee0ee0.0 [email protected] $50.43) Pounds eessssessess 11.50@12:50 Comm 700-1100 © pounds ...... cesses [email protected] chot Heifers ce— 500- 800 pounds ..... seeseees [email protected] 800-1000 oun: J vesees [email protected] Good— 600- 800 pounds ......oeeeese [email protected] 800- 1000 POUNAS ..sceessessse [email protected] 560 $60 POURS +..eevernse.. [email protected] Coos 900 ) pounds “ret erairrane [email protected] Cows (all weights) [TY : EA [email protected] ot, ervearttibrasrisaprane [email protected] | Cutter and common .......... .75@ 9.06 | CAIMNEE a. ueeennnrnnennonnnnsns 6.25@ 17.78 Bulls (all weights) (Yearlings excluded) Beef— good teetiaarernes vesssssss. [email protected] usayge— ¥ dod serrertreareses cesesens 10.73811.73 Cutter and’ common ....1.. 8.75@ 9.15 CALVES (597) Vealers (all weights) | Good and choice ............. [email protected] Common and medium ........ [email protected] Cull, (75 Ibs. UP) ....coeeeunen [email protected] Feeder & Stocker Cattle & Calves Steers Choice500- 800 pounds ........ee.. [email protected] 290.1030 pounds ....eee.e0.. [email protected] 500- 800 pounds .....oss0e.. [email protected] 22-2080 pOUNAS ...ccc00000s [email protected] 500-1000 pounds ....cess.... [email protected] Common— 500- 900 pounds ........... . [email protected] Calves (Steers) (Gnod and Choice— 500 pounds dOWNn ......e0...n [email protected] Medium - 2 500 pounds down ..........< [email protected] ~ Calves (heifers) (300d and Choice— i 500 SoNnds down .ee.ienenen [email protected] edium— 500 pounds down ........... [email protected]

SHEEP AND LAMBS (631)

Ewes (shorn)

Good and choice ............. Commen and choice

Spring Lambs

$ 5.00@ 5.50 4.00@ 5.00

Closely sorted ................ [email protected] Good and choice ... . 14 13G15. 25 Medium and good . [email protected] Common ..e..ee.nnn ‘ee . [email protected]

CHICAGO LIVESTOCK

Hogs—Receipts, 11, (000: slow; welghts 240 Ibs. and down weak to 10 cents lower; heaveir weights 10 to 15 cents of 8B and Sholes 59- 240 1bs., 3 30@ 2 bs., [email protected]; _ 210-34 Ibs., , [email protected] 80: S50 0-180 bs. $13.85@14 ents lower; good Go-330 [be so 813. 40013. 65: oy lighter weights,

Cattle—Receipts, 8500; - calves receipts, good and choice fed ‘steers and year-

cents

800; . lings. 10 to 15 cents higher; dhstances. 120 25

up; common _ and medi

steady to strong; all grades fairly Eetive Stimaiated by sharp Slopes. abridgement;

AMERICAN

pearance of those of, a seasonal |ffifers steady, to Sf ugh hehe and piling BIDS WANTED nature will require new pricing. | Freight bulls du: largely, fed tat: Sa ARMY MISCELLANEOUS The American public bought $12. 12.50a14; early top of 4. 8. go ome held Invitation Date Bia| $130,000,000 worth of toys and [309% ows, $8.85 down: > Number - Item Closes games in 1941, according 2 U. &: Hi er i030; $13 rather trey’ § for J ulls, re. - 36173 SP7—Varnished-cambric-insulated department of commerce esti- Jet For 810-1200-1b bulls; these [email protected]; 26175: Spe Sottgood umber: Douglas || mates Veglers steady at 315 fir. (coast region) select strjctural : sonsep-—Receipts, 1900; late Tuesday. = 1, | sori See soi. iiber: No. 1 gc © good ‘and cholce, 815.509 1.75; top, $15.90; — oa =10. earlings w . ns, mW {oW, pine, Savor Douglas ur; ship. WHOLESALE FOOD |35%: Tediud kind. $12.10; fat ewes, $5G ie 2203-81—Sirup; type V (sugar and ma- 2 Bb 8.20 DEaNios Jul, ir 1.350 4 48. of TogbYS — %|2204°81 Sage; type RS Ee: L; PRICES ARE LOWER tablished, most bids around 25 cents lower a be in ge: type” with ac., : & os 50 down: yearlings compatakle cone +i, 1 pound can Os NEW YORK, July 1 (U. P.).—|those $13.15 Tuesday: ew Tab ewes, $4.15 = !}#|26174-C_Low and medium "volatile bi- The general level of wholesale food | @6T 3 36177-8P6 Softwood likiber" “Dog iag prices in the week ended June 23 + % fir (coast type) No. dimension 10 declined slightly from the previous OTHER LIVESTOCK 26178- Se sctioed” iis er: oust Du - | o CINCINNATI, June. 1 Lu. P.).—Hogs— + 3 fir; coast type, select "structural; i n & Bradstreet, Inc, re Receipts, al boy nes, grades an .. : saitstrent ted add GAPE .. 10| ported today. classes steady! {op $14.80 for good snd hss 43-2¢—Da Broducts: pn. buster . 13] .The company’s index of 31 food |300-400 ‘Ibs. $14.55; 160-180 Ibs. $14.65; x £ ge pi, ih verch, shrimp. crab- | commodities in general use dipped Bg ibs. est na By 56 5G 13, io 23 —) in 52 Cattle—Rece S, ipts xB oy best. por 3 shoulders, sausage, SEs 5 to Sie. 3 m $3.67 in 1s precsiing 500. slow, qsteers heifers, cows, and pulls =i TE Army. Miscelianeous 1" week and compared with $3.08 in| TV 33% 000 yearling steers and heifFu 8401—Lead.and-co ord Dost office seals 15| the corresponding 1941 period. ets, J12.78 e335. common and x C um ods sets, files, oh a or ..-18}’ Price increases were shown bY|and medium beef cows, active, [email protected]; sos ghia hie, magiies mi; Cre, lard, beans pems. potatoes it Pity Eu vith ed oft — T h can y o , . -— ; { run , i d light butcher bulls, $11.50 vealers pn % 5 iy hay and coke Tor forks, BE prunes and hogs, While declines Steady 6 weak; extreme top, $14.50 pk aid pliers, punches, stamping fetters; were recorded by flour, wheat, corn, for top choice; ood to, choice, s15@1L 50 50; _ | RSF fons, woof ‘rime. 4nd | oats. barley, eggs, steers, sheep and SEP TV a os — % NAVY DEPARTMENT ambs. , A dy; go choice lambs, $15.25 I : NahpabBrtctural el atigies, : down? most wo 4s. 5 "down; “fae j , u : + steel tess, round oe, ages PENNSY TO PAY OFF hi LW $1001 *i6 “down =1 1-3333 "Paint outside, white, formuis PHILADELPHIA, ors a 2 . WAYNE July 1 ©. E)goge1 J] OA ceiiniitccicntescnnana teescsnee «TT. e Pennsylvania 0 his Steady: 200-2 1bs,, ees 7 : 45: 180-200 1bs., $14.45; 160-180 lbs. “'%| LOCAL ISSUES |7enth wil peyv off S3006000 in|Jiis sds bi: hid: seme wb EY ren an ecer or looting ralivey equpmens win Ml BRT SESE HE _- & 4% - 5., 118; . — %|unit of National Association of Securities ceriificates. $13.50; 100-130 SDE, Si 35. 75: calves +" 1, | Dealers. $1500" jambs, $14.50; yearlings, $9@13. T Stoke Bad as! TJ S, STATEMENT ewes. ss + %|Belt RR Stk ¥ds com ...eccee 8 ou. . —— Bo on ar, 014 seereys BE 0 WASHINGTON, July 1 (U. P.).—Gov- | Sik — Ys | Bobbs-! rill Sav ofd’.. 22° |ernment expenses and receipts for the «see | Circle com = 29 |current fiscal year through June 26, com25ide Somvih Tos 5% pid.ee.... 93 |pared with a gar of ago: Yas D mage = '% |Home T&F ¥t Wan e 1% i. |Expenses $32,317,365, 654.19 $12,603.989,377.50 War a + 1 In Asso Tel 5% pid . 2. | War spd. 25.819,382,086.717 = 6,277,317,936.61 nee. Mich 190° oid. ’. Receipts. 12.746,781,807.24 7,574,312,970.96 ts Fyare Elec 1%... 35 |Net det. 19; /375,867,047.05 4,965,718,6<7.6 surance + he Serv 6% pfd . ... |cash bal. "2 3 2,660,738,763.31 Hu Indpls P&L Svea ota’ 96 | Wke. bal. 2,132 341.123 80 19213135205 : }e + Indpls P&L COM. +... -- 12% | Pub,” debt 76, $6,232,381 0 - ions, ete, 8% id ........102 02 is “ Gold res. Ben 140101 22,633,5 343.103 23 Feder) Government + 4 e xr Lineoin Loan CO SYa% PId.... + Lincoln Nat Life: Pade of ee. Bh 28 INDIANAPOLIS CLEARING HOUSE Plan T_.78| *N Ind Pub Serv 5%% pfd 81 |Clearings ................ verse: 6,612,000 “ee oN md | Pub Serv 19 Dia. 5 [Tih 1 BERN : —_— . Eire Sd PR 3 Covers digest physics) FETC =v Pu nd Spt Hw] LOCAL PRODUCE age to property © Th =, 108 GL 8% ee 3 30 os. by other enemy os is Rion ae So pid . 31 31 LE breed pops. full-feathered. 17%e; || bombing Aiog SY action 7 BY ven HE oa 8 i vier Patan hack. 210; ier pitch; joie military, naval eevee none ar = barked snd Sais: and gyer: colored. de: seen 3 roes resisting such cess i rred Tok. C. or r en Wing'w WBE 4 B.venee “sa All No. 2 pouisry 3 cents less, 3 % Amer} rican Loan ss fl 5. pr receipts, 54 lbs. and up, stisck. can assess sees ewspa) ee ae ee arade la 31c; grade g—costis J gent aa 3 e's ho A Ay Small, 26c: no $5000 on dwellin, Zw Cluizens ind i 4%s 61 ..... 1 108 rade, dt. © 1. 39%@d0c; No. 37140 : 00 aoc] Senbhep des wane Avior rp 106° 3 itera Sy ¥ Suce “dei a Indian $5 XY 8 Ss = Fv | Home T&T RB s43...100 108 |apoiis auoted by Wadley ; d Assoc Tel oo es 70.....008 .. ; IKE 0 ...00e108 109 1s Rally 5s 5 +er i3 103 1 | : | Hi Works be 58.5 108% Lo k eS 80" | A W eb... i

Tho of E 1750 1500+. &,

1250-

Spanish-American War: 250,000

1820 1850 1875 1900 1920 1930 1940 =

War brings an increase in the number of U. S. government em- 3 ployees as well as in the armed forces. Chart shows growth of the government's executive branch payroll since 1820 and big jump Fi § World War II began in 1939. a By

tainable only on high priority ratings. but may be made avail- - able even for private home use in _ blackout areas of the country,” according to D. W. Atwater, manager of commercial engineer= ing for the lamp division.

DAILY PRICE INDEX

NEW YORK, July 1 (U. P).—. Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100): Yesterday .. .....155.67 Week 880 ..oveeccosssecasess 15480 Month 880 ....cocesesesesees.154368 Year ago ... teersercasssseese 13890 1942 high (May 9) seccsees ..1158.34 1942 low (Jan. 2) 151.54

Blackout Bulb Has Orange Glow

BLOOMFIELD, N. J, July 1 (U. P.).—The lamp division of Westinghouse Electric & Manufacturing Co. has developed a new “blackout bulb” for use in war, plants during any emergency, it was announced today. The bulb ‘eliminates the need for window shades or blinds and has been approved by the war department for war plants. A faint orange glow is given off by the bulb, sufficiently clear to illuminate objects in a room but not enough to be visible from the air even through open windows. The bulbs at present are ob-

EERE IRR NN

6 Months to Pay!

This plan enables you to fill your coal - ‘bin now with NO MONEY DOWN and § | 6 months to pay. Find out all about it: 5 In order to facilitate the early storage. of coal and to co-operate with the government in its effort to release transortation facilities this fall . . « ‘there Pa as been developed a fi nance fen exclusive with the dealers listed below.

4

Acme-Monon’ Coal Co. Wabash 4561—Cherry 4890

Active Coal Co. Belmont 0333

“Ehrlich Goal Oo. ~~ Lincoln 5700 ,