Indianapolis Times, Indianapolis, Marion County, 9 July 1942 — Page 24

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DOW-JONES STOCK AVERAGES : 30 INDUSTRIALS et Yesterday (ersecvasavesereeds 107.94 % Week Ago ss sven asssvhusanes 108.78 Month Ago SSesecessssnneces; 104.49 0.30 Year Ago Vessenvnssinsnnsn 4 | High, 114.22; Low, 92.92. High, 1941, 183.59; Low, 106.34, 20 RAILROADS Yesterday .....vecsseecsenns Week Ago sesstsacescnivens Month AO ..iiecovasrraans | Year ARO ......co.0henoies High, 1942, 20.01; Low, 28.31. High, 1041, 30.88; Low, 24.25. } 15 UTILITIES Yesterday ...........ivev.. 1L98 Week Ago . tessinsascensessse 11.63 Month AZO .....icpssevaser 12.28 Year Ago censnssaes 18.61 High, 1942, 14.94; Low, ‘10.58. High, 1941, 20.65; Low, ha

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Packers Complain They Are Losing i Money Because Hogs Are So High|

By ROGER BUDROW

THE SCRAP OVER FARM PRICES is getting hotter. Packers are beginning to grumble about the price they must pay farmers for live hogs. They are so high (Monday’s $15 ‘was a 16-year record) that packers claim they are losing “money on pork. Meat cuts sold by packers are under ceiling ; prices but there is no limit to the price farmers can get for their hogs from the packers. The result is that when prices are high, ne packer is caught in the middle.

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$14, i Ss 4017 Porkers Arrive At ‘Stockyards.

{ appearing in thie motion picture, “Moontide,” and Alan Ladd, the new {dramatic star’ who popped up” in | : “This: ‘Gun = for Hire,” will doin. Bob Crosby an the gang for session : in ify : “Music H a ll” : summer series tonight | on. WIRE and WLW at 8 o’clock. ; In addition, : py those bouncing nights program balladeers of rawill be the per-| 14a Lupino gio the Merry . Brehon B. Som- ‘| the major singing assignment while Doun = 14 . ervell, chief of|Blng Crosby is vacationing, is slated gx J i ¥ the U. 8. army's to sing “He Wears a Pair of Silver services of supply| Wings” “All Aboard for Blanket - and boss of the|B2Y and “When You're Smiling. POUNAS oe2iaaternnns eagles “ united nations Bob’s contribution will be “It’s a '160- 200 pounds ..........:.. [email protected]| Gen. Somervell ¢ yp ply strategy; | O78 Way: to Tipperary.” : Packing Sows J. Edgar Hoover, FBI chief, and B84 le i Henry R. Luce, editor of Time, Life} BOB HAWK'S quiz show, “How 2: and Fortune magazines. Harry|Am I Doin’?” moves in as the sumfood secsnncasens fall Zinder will report by direct radio|mer replacement for the Al Pearce - POUNAS sc.eeos.eee. [email protected]| from Cairo. series at 9 o'clock tonight on WIRE EE pounds 11111111 IR0GIESS The “March of Time” has for 10{and 93 stations of the NBC network. 250- 550 pe hie: 13.00013.50 | years presented dramatizations of|Paul Baron and his orchestra will contemporary history and in the|provide the music for the programs. 90- 120 pounds 12.25@13 50 (new series, first hand reports from :

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news of the world at war brings the “March of Time” back to radio to-1 § night at a new time and over al j new coast-to-coast network. ih The programs will be broadcast]. for a half hour at 9:30 o'clock on WIRE and WLW. Highlighting to-

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The top was $14.75 for good: to noice 220 to 240-pounders. Weights ‘rom 160 pounds down were un- , “hanged from yesterday. || Receipts included 4077 hogs, 800 inttle, 506 calves and 635 sheep. : HOGS a0) Choic :

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- That is more complicated oh would seem at first glance. STOCKS AIDED Posies have government orders WV that must be ; She BY WAGE TALK Am Ei Build nn to pay too much| . Fi i 81a for h than not for hogs than 1! yesterday’s Advance Was|3 i of a packing : Am Type . house 80 ight on Volume Heavier. Am-vistose vi 31% Whether there NEW YORK, July 8 (U. P.)—|Am Woolen pt 6132

py don’t they just quit buying As. oné packer said, it is cheaper A of s Ee 20 20 8 MRO Sh adit because much o . ; umat .... theoperatingcosts| ~ B€St One This Year; [am Ter Am Woolen 4 Ye much cking done or oa The stock market yesterday en-|am Zine pr pi. $8

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brought to market.

. few months there is usually a seasonal decline in the number of hogs So a greater / supply (and consequent lower prices)

the current year when Wall Street's theorists concluded that the wage situation had been worked into a position that would prove bullish on stocks regardless of what stand

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the battlefronts will be broadcast by its SorrEsrondents | in every corner of the world. ” 2 ”

MAUDIE becomes starry - eyed with romance after attending a

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1100 pounds .. +2 13.50014.75 wedding ceremony ‘and prop x 1300. pounds | 5: igh GREGOR ZIEMER, the author,|MarTiage to the startled Davy Bon sonite a lecturer and commentator who was|Right in another episode of pounds : injured in an automobile accident|“Maudie’s Diary” at 6:30 o'clock on 1300-150 00 pounds last May, will return to his WLW I. . The mystery of the I : : a 2 a et That Left No Mark” will be | 100-1100 pounds ‘....0:e0es 113001 Bu of Pero broadcast at 10:15|y015 tonight on the “Death Valley |S DOUBAS ....ieecasneo [email protected] o| O'clock tonight on that station. Dur- Day” series at 7:30 o'clock on the) ] Heifers ing his absence, the Monday|same station. . .. “Should Congress? : i Choice DI couse i... B.D through Saturday feature was filled |Lead or Follow Public Opinion?” | 800-1000 pounds tereseessess [email protected]| by Milton Chase, Shanghai news-|will be discussed on “America’s | Gooa— POURAS +.rnnneeseses [email protected]| PRPETMAN, and various guests. Town. Meeting of the Air” tonight it B01 1000 DOUNAS .ovsssvovesss [email protected] bn, reports that word recentlyjon WISH at 8 o'clock. . . , John Medium ih received from Hollywood states that| Kmetek, cook second class of the 300-900 pounds ..uuieiee. 1035QIEI grin oo Me Ziemer's “Bduca- ill-fated aircraft carrier, Lexington,” cseneenee [email protected] tion for Death,” were purchased by|will appear on “The First Line”

J 4 900 pounds nee (a1. weights) hy and that productoin would |series at 9 o'clock tonight on WFBM. 2 8 = #8 8

THIS EVENING

(The Indiana olis Times is not responsible for inaccu: nouncements por by station ey le Ir ne ales 30 PrOfTam. mRe

4° WFBM j260 WIBO 1070 _ WIRE 1430 il Sausage

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Prayer—News Dessa Byrd Merry-Go-Round Sportsmean’s Hour {Dial & Dance Scor: rd 5:30 Vera Barton Evening at Home Melodie Min Minutes ews 15 UD) ee OR 5:45 Gilbert Forbes Evening at Home |Dick Reed Queer Quirks - Feeder & Stocker Cattle al 200 Amos ‘n’ Andy Fulton Lewis Jr. Ea ¥ i 4% Stogkes Cattle 4 Calves ¢*1s Glenn Milier Bert Wilson Nr Keon” «| Choice {Luke Walton

:30 Maudie’s Diary 500-800 pounds ............ [email protected] 8:40 Maudie's Diary ay: 1050 POUNAS cessescssees [email protected] | POUNAS ceseceosssss 11:50 13.50 B0-1080 3 UNAS .cseccsncess 11.50 7: 30 Reath Jolley 500-1000 POUNAS iecccccacos i 8:00 Major Bowes Baseball MMON == ; : Baseball - 900 POUNds ............ [email protected]] 8: Baseball "Calves (Steers) & i [| Good and Choice— Jounds down .. 500 NV ounds down ...

Calves (heifers) 7.|Good and Choice

“is not in prospect. Hudson Motor .

On the other hand, there will the administration takes on that

§ lexing problem. ‘probably be no letup in govern-|PEP ment ‘purchases. Therefore, the Background for the sharp ads | packers are crying for the OPA to| 20° took form when two groups put price ceilings on farmers’ prices, with conflicting views of what the Ba #00. That would involve difficult|2dministration will do regarding ji problems of grading and marketing wages compared their arguments. a Ae "but, even more difficult, it would One faction held that President|Barber A ‘mean the farm bloc in congress|oosevelt’s Tuesday press confer-|ggfy

ath Wks . - would have to be overcome. ence statement on “Little Steel”|Bayuk Cig .... ty . 8

wi the way the farm bloc is wages virtually hinted to the war ell Aircraft jen Ind Loan. 1 i

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Sinfonietta Baby ' Snooks Sinfonietta Baby 'Snoo Housing Emerg.

Baseball Baseball Housing Emerg.

Bob Crosby Bob Crosby Bob Crosby Bob Crosby

Bob Hawk Bob Hawk March of Time March of Time

labor board to turn down the Bow fighting the Sovernment bisn recommendation of its panel for a Best os or selling surplus gra OW|e1 per day boost. These theorists|Bisciow os San 1 3 date task that would be a for- pointed out that granting of such |B a Taush’ 3 2 a a raise would not only have infla-|Bloomingdale . 9 tionary implications but that it a LIFE INSURANCE companies | yon14" come largely out of excess earned 3.4 per cent on their in- profits taxes—or at the expense of ore: Warr Ah vestments last year, lowest earn- | ho oovernment. MEDI BIAS. Bit ing rate in the history of the busi- rigs & Sera. 3810 ‘mess, institute of life insurance Inflation Feared pi reporis. Before the depression, | One analyst figured out & tabuthey obtained close to 5 per cent, |154i0n showing, that under certain but this rate has gone down, with | onditions and based ‘on the tax only slight halts, for the past 13 | recommendations of the house ways)! years. : and means committee, that if a Part of this is due to gemeral |theoretical company raised its wage lowering of interest rates in all rates the equivalent of $10 a share, Bron AM A security fields, part to changes in |the government would be “paying” life insurance investments, and (4940 of the increase through Galahan Zing .. especially lately, purchase of 1oW- |smaller tax receipts, while the com-|Salumet & H. yield government war bonds. pany would pay only 60 cents. Thus, a

Job SReourter

Town Meeting Town Town. Meetin Town Meeting .

Summer Swing Summer Swing Lum & Abner | -Star Final .

Dick Reed Mitchel Ayers Music You Like Mitchel Ayers Starlight Trail Song of Islands

2 x = he concludes, the 94 per cent ex-

ODDS AND ENDS: Insurance | Ces profits tax becomes .a “power- . firms are selling personal and|ful argument” for the government |zganese 5 DEBE 9 property damage insurance to|!0 Prevent further wage increases.|Celanese 7 pr pf. 118 bicycle owners now. . . . Paper manu-|- The second group held that de- x otex facturers are irked at that last WPB|spite the presidential statement, orller cutting down on varieties of congress would prove unwilling to|Ser paper because, they say, where is|go along on wage stabilization be- Ches a Bs a there any shortage? ... Back in|cause of strong opposition of labor,| Chic E RW 1940, American engineers built two|at least until after the elections. n Gow R Fy bt 109 i sponge iron plants in Japan, similar| And this group further asserted that|&hi Mail Qrder 54 to ones being planned for this coun-|during the interval inflationary|Ch F “Tool gv! 3 try now. . . . U. S. commerce de-|tendencies would become pro- Bick asha ° 3% partment says it is German influence | nounced and undermine the anti«that is causing France to boost its|inflation program, rayon fiber output. . . . The govern-| A matching of the arguments . ment bought 885,000 pounds of dried |showed that the first group was|S eggs (2,655,000 dozen shell eggs) in|convinced that the administration g

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Intl ymnig-Gould... 4% Baseball 3 Baseball Game Raymond Came Serenade

Music—10 Ozzie Clark

Dick Jurgen Matty Malneck

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11:00 ‘Claude Thornhill : News-—10th Inning {Music You Want SHEEP AND LAMBS (635) 11:15 Claude Thornhill |Jimmy Joy Music You Want Ewes horn) HRs aie (Sihite mola and choice ELSIE 5.000 bso - “|Common and choice ... 00@ 5

FRIDAY PROGRAMS Spring Lambs

Seicens WIRE 1430 WISH 1310 d 8 its van an (NBC-Red) (Blue Network) “6:30 Rhythm Reveille | Harpo & Tiny

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sseces 10. 00 1s arly Birds - World News orning Mail {| OTHER LIVESTOCK 29 Exrly Bias Soical Clock [Morning Mail — il Early Birds usical Clock orning Mail Und El Fish ... 39% ; 10" cents Bight het: Jul 20 ©. PI ro 28 News Ge! usical Clock News Union B&P © 1220 Ibs. 300 ibs. $1450; 1 00 Humbard Family News Roundup as onion 340-260 Ibs. $14.50: 260-| 8:15 Mrs. Haymakers 2s + 280-300 1bs., .30; :30 Mrs. Farrell Band Wagon Dailey o0zin’ Breakfas sy 350-400 Jbs., :45 Thus We Liye Buy Bonds Music Room Breakfas

(| 160 ibs. $14.10: 140-150 lbs., $13.8 Si e . :00 Valiant Lady Ind, for Vie. , | Bess Johns News i 148 toe. htt 100-120 as. aah 3% 116 Stores Leary Family = |Bacheiors “Children Marvin Dale ii 5; : rien 8 mate . ir Hl Sib; hr o rl So@11s 50; ‘ewes, Friendly House Lone Journey Star. Parade

:00 Today’s Band *riendly House Road of Life Second Husband. ST 0 CKS CLIMB IN :15 Fletcher Wiley Baptist Church Honeymoon Hill’

:30 Bright Horizon Baptist Church John's Wife :45 Aunt Jenny iverson Byways Plain “Bill NEW : : YORE, duly 9 (U, PB) {0 Per a Jambor | Stocks climbed 1 to 2 points today 00 Dr. Malone We Americans Wordless Music

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Singin’ Sam Keyboard Rhythm Serenad Market Reports; Sida Melodies Farm an ome. EATitorially | Farm and Home :00 Noon Revue News Livestock Reports 8" :15 Gilbert Forbes Haymakers Farm and Home :30 Farm Circle Arthur Van Horn Rally Nehrling ee Reed

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Indianapolis, Union City and Terre would be forced to stabilize wages|Col & So 1 pt. 1% Haute during the first half of last|to prevent breakdown of ifs anti-|&olum ances A112, tea. B month, . . . The OPA is trying to|inflation war economy, while the Gor Gas 6 pf A 37% inn-Moline... 2% cut Chicago streetcar fares oack|second faction was equally con- Col Pictures .. 0-K Tex ot. . 2% from 8 to 7 cents. vinced that the administration will|Gom ¢ Sy. 5 prove afraid to buck labor by im-|&om SV ents onsanjo MILL BUYING SENDS ther price increases are inevitable. Comw Edison . 20 % ons rcra ullins Both Are Bullish Cons Cigar -... 10% iiss Mish. Cons Ci f 9 [unsingwear .. Both of those conclusions, how- Cons Ediso ever, would be bullish on stocks, at|gons Qi CHICAGO, July 9 (U.P.).—Con-|least on the short term. Stabiliza- Container tinued ‘mill buying rallied wheat| Ho. of wages yorily Jrileng the ont Bak pt’: futures pri earnings p on of virtually every|&on an ..... Prices in. early dealings onl .."or ‘the board, ‘although the Son nt a CL ; advantage might not work out to|got advanced sharply, but other grains Be we | Conwele Steel ; ‘lagged with mi f any great degree for some com Corweld Shee 8 nor fractional gains. |panjes because of the high excess| oon res : Tr “rien was % to 1% cents a bushel higher, Grane & 1 + = ‘corn off % to up %, oats hughes of wages, on the other hand, would yane Co cv i pt. 5 89% 3) Nat t Gy T higher, rye 1% to 1% higher, and| figtion psychology takes hold in this|Srown Cork Nit oad pt 4 soybeans up % to %. country stocks are certain to meet Cruel Trade circles continued to draw| strong “hedging demand,” accord-|Srich Cub-Am Sug pf. 90 large flour sales and anticipated| The strong technical position of |Guneo press ... it age of 100 per cent parity loans|the market also was a factor in the |Surtis,Fub by the senate, becomes law, |through their previous highs some Curtis Wr A. 200% e loan basis of wheat at Chicago|of the chart readers swung to the|Cutler-Ham ... 13% would be raised from $132 per bull side. : Davega Sirs .. i

Col Gas 5 pf.. 34 34 347 LL ssion Corp.. 11 19% Tia... [Mons anfo pf C. tia 19 i posing price ceilings and that fur- Comwls with & So. 1% 2 Ih orrell ueller Br ol WHEAT FUTURES U Ea ppes 37 urphy rr RR ee ‘pt ont Ins the board of trade today. Rye also iL] At the end of the first hour wheat profits tax rate. Non-stabilization Cot; % | be inflationary—and if any real in-|Crosley corp Nat Lead pf B.. Cub-Am Sub ... 6} encouragement -from yesterday's ing to most of the experts. bom S “ the house. If the bill, already|rise and when the averages climbed |Curt Pub pr pf 14% bushe] to $1.52. Yesterday's gain of 2.18 points in Davesa cu pf.. 17

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: the Dow-Jones industrial average |Beviol par oe 107 U. S. STATEMENT [was the best this year, while the Dedca 2 ‘mec, Tb: : iW _ WASHINGTON, July 9 (U. P.).—Govegn. |C105iD8 component of 107.94 rep- | Deere pf . Be men SE Snemses ind receipts tor the cur resented a new high since last Feb. & H i hn Jaca ao: 8h July 7 compared|g The 61 point gain in the com- ih Gd sithson ds $428,015,802.62 | posite was the biggest rise since A 4

fis 15.48) mid-March. Seag 4: - ixiesomes Hdd x 21 719, ao ol 037,178.0 16.88 Selby Shoe Co. and wholly-owned Douglas A 364.10 22,635,145,309.34) retail subsidiaries fiscal year ended | Dresser Mi ; April 30 net income $362,660 or $1.54| Dunhill 25 i a> LIS CLEARING HOUSE |g common share vs. $251,862 or $1.05| Duques © bf | 111 Debits

previous year.

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LOCAL ISSUES

Nominal quotations furnished unit, Of colt Natl nal ASSOCIation. of by, Joon Dealers." . ‘st ocks .

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:00 Kate Smith Cornhuskers :15 Big Sister Cornhuskers :30 Helen Trent Bill Haley :45 Gal Sunday Hi Sailor |to the highest level on the in- 30 fe Ea Hoosier Request jindas mony Navy nn dustrial average since Feb. 7, and :45 Woman in White | Hoosier Request Editor's Daughter |Jack Baker :00 Pavia Harum Bailey Trailers Mary Marlin Prescott Presents i 1 P tt P. trading .ezpanded ® We most active 30 Bo Bob. ®and Gayle Bess Huff Gang Pepper Young i Daydreams resents pace of. the year. :45 Star Parade Less Huff Gang Happiness The Baries Dons of main ive une IRBIREERE, ERNE RS mRmET Bram —o General Motors, Chrysler, Santa Fe| 3:8 Nowa Leary Family Widder Brown |Club Ma nee fadsco Sales ..13.33 13.32 and J. I. Case, scored new highs for Brite Spots. Girl Marries Motjera janadium lo. 17% 17 4| the year. Trading during the first Bn a Bona ran» B Sagi 116 18 . 4 al two hours ran at a million share Buy Bonds Town Gossip itor € "pi $3% 3m 333 I 4|pace but operations quieted during WLW THURSDAY EVENING Va El & Pp 6 5 ‘114 114% 44 | mid-session. At its mid-day top Vulcan Det . 15 3:30—Jane Cozzens Vultee Air the 65 stock composite average was| 4: ont 6:45—H. iy. Kaltenborn Vultee Aff bi. at a new high since March 4. 30The- ; 18 _Baby Shoo The motor leaders scored gains| gi00—X% i30-Housing Camm. ranging to 1% points in Chrysler, 10 em Repeien 100—Bob "Crbaby while steels were paced by U. S. 45 Lowell Thomas 30-8 Crosby Steel with a 1% pin; pain. Bane 5:15—Carrol) 3 Aloait 9:00—Rudy_ Vallee can Airways le group wi re , ranging to 18,400 shares on demand 190--Road of Life generated by a favorable decision 130—Agalnst, Storm in its air mail rate case. Leading :00—Road of Life 4 chemical, oil, aircraft, metal, and ‘30 News. Fam jp. White railroad shares had gains ranging 411 1:45—Farm Hour + | to more than a point. : ‘Mid-session profit-taking brought mn Hour 8 a small dip from the highs. The] realizing was accompanied, however, by dwindling dealings, ;

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