Indianapolis Times, Indianapolis, Marion County, 10 July 1942 — Page 20
“Indiana Canned Pea Production
v
43 Pct. Over Government Goal
By ROGER BUDROW
THE WET SPRING WE HAD caused grousing among '% some farmers but it certainly was just what the doctor or-|{am-dered for the growers and packers of canned peas. Am ‘year the crop was poor because it was too dry. This year|im can
| sect was plenty of moisture, a Bittle too much in some
that more acres were N aned
was accomplished last year.
in peas this year, Indiana will Am produce a million cases of canned peas, nearly double what|am |
This is about 43 per cent more than what the government wanted from this state. The “food-for-free-dom” goal had been set at 678,234 Of course the price had a good deal to do with our exceeding the The gov-
ers who agreed to pay farmers, about $17.50 a ton more than they were paid last - year.
Roger Bu Prices this year
ranged as high as $60 a ton.
lt 2
»
| Some Indiana canners decided].
they did not want to go along with the government's suggestion of paying farmers $17.50 a ton more. But they will be able to sell the government their peas also’ although not such a good price as others. hey figured that, because of their own economic set-up, they would ‘be able to do better profit-wise by paying growers a lower price even though it meant selling the finished y product for a lower price. —; s on os
TWO NEW MACHINES for’ grinding the edges of armor plate will be shown Monday by the Vonnegut Moulder Corp. of Indianapolis. These machines are the first of several ordered by Chevrolet Gear, Axle and Forge ‘division of Detroit and the Atkins
. Fall Creek ordnance plant here,
Anton Vonnegut points out that critical materials have been saved in these machines, even though they are strictly for war industries. Welded fabrication of structural steel sections cuts the time for making new patterns and the time needed for obtaining;
. castings, Both are installed
?
concrete bases instead of the con- | ventional cast iron or fabricated steel bases. 1 o ” t 4 ODDS AND ENDS: Sixty-seven per cent of the unfilled orders at
* cotton textile mills are war orders, © Cotton Textile institute reports. . . .
; 5
+
B. ¥. Goodrich is announcing the invention of a tubeless tire utilizing
a specially-designed Jocking mem- | -0
ber which retains the air. . . . Those wanting synthetic rubber made from grain (instead of oil) claim cost “gould be cut to 16 cents a pound
PORKER PRICES ARE STRONGER
As 6714 Hogs Arrive; Vealers Steady.
Hog prices were stronger than yesterday at the Indianapolis stockyards today, according to the agri-
The top held at $14.75 for good to
one load of particularly choice hogs sold at $14.85. Vealers were steady with’ a $14.50 top. Receipts today included 6714 hogs, 342 cattle, 465 calves and 465 sheep.
HOGS (6714) Good to
. [email protected] [email protected] [email protected]
| 1425Q14.45 [email protected]
[edium— 160- 200 pounds : Packing Sows Good fixie Choice—
13.80
3: f [email protected] [email protected] [email protected]
)- 450 pounds .ceoeecesccee = 550 POUNAS .eseecccsoace
edium— 250- 550 pounds .... : Slaughter Pigs
Medium and Good— 90- 120 pounds
CATTLE (342) Slaughter Cattle & Calves Steers
Choice—
= 413 [email protected] «so [email protected] . [email protected] [email protected]
12.7 3.50 - 12 1813. 50
[email protected] [email protected]
700- "900 pounds 900-1100 pounds 1100-1300 pounds 130021500 pounds
Mediu 700-1100 pounds 1100-1300 ) pounds
700-1100 ) pounds
*eesecsnasnes
Heifers
600- 800 pounds 800-1000 pounds
o0od— 800 800 pounds .. 300.1000 pounds
[email protected] [email protected]
sscsssgencnee
sesseesesne
ssssensssncns
diu 500- 00° ) pounds [email protected]
Com 500-900 “pounds era ai nies (all weights)
| by proper location of plants and [facie gales of by-products. Cost of oil- * made rubber is 18 cents, . . . Ameri-
can Can Co, is making cans with
‘fiber bodies on machines formerly
used to make metal cans... . One
“airplane company lost about $650,~
- were 5% over a year ago in the|Goo
000 on a cost-plus-fixed-fee contract which turned out to be a ‘“cost-
minus’ affair because of company-
j
government disagreement on what
constitutes costs, . . . Sound-proof-ing of bombers reduces nervous
~ fatigue. . . . Indianapolis depart- * ment store sales (dollar volume)
four weeks ending July 4, only big
city in this area to show a gain, | sd
according to Federal Reserve figures.
i
4
8 : i FE 5 ora 3
common share vs,
LOCAL PRODUCE
‘Heavy breed hens, full-feathered, 17%c; orn hes, 14%c. rollers, 2 1bs. and over; colored, '19¢; white and barred rock, 20c; cocks, 8 3 Ibs. and over; colored, 22¢; barred and white rock, 23c. All No. 2 poultry 3 cents less s—Current receipts 54 Tbs. and up,
Mac. Graded Eggs—Grade A, large, 33c; grade A, medium, 31c; grade A, small, 26c; no
utter—No. 1, 40@40%c; No. & 38@ whe butterfat, No. 1, 35¢; No. 32¢. Prides on [produce delivered at ee pore quoted by Wadley Co.)
-WAGON WHEAT
Up to the close of the Chicago market y, Andisnapols flour mills and grain tors paid $1.10 per bushel for No. 2 rades on their merits). 0. 1 yellow shelled corn was 83¢ er bushel and No. 2 white shelled co In, Xo. 3 white oats, 45c, and No. 3 r oats,
American Gas & Electric Co. and subsidiaries 12 months ended May 31 net income $13,255,938 or $258 a , $14,709,049 or
Li $2.90 previous 12 months: > 18.8 8. 8.086 00.00.80 006.866.868.606
Upcle Sam CAN'T
Bulls (all weights) (Yearlings Excluded)
.. [email protected] Terrase eeveiness 110001115 9.75 [email protected] 8.15 9.75
Beef— ood
ceMerenes
Medium Cutter and common. Ser ensyy CALVES (465) Vealers (all weights)
Cull (75 lbs. up) Feeder & Stocker Cattle & Calves i Steers Choi 500~ 500 outs - 800-1050 pounds
500- "800 pounds .. 800-1050 pounds
esse 12.50 . 12.00
sedessseess [email protected] secssssnsesss [email protected]
sesessssesess [email protected] [email protected]
13.50 13.50
edium: 500-1000 ) pounds Common 500- 900 1 pounds .
Calves (Steers) Good and Choice— pounds dOWN.......... . Medium— 500 pounds down Calves (heifers) Good and Shojeas
500° pounds down.. «oe [email protected] Medium—
500 pounds down.. [email protected] SHEEP AND LAMBS (465)
Ewes (shorn)
Good and choice.............. Common and choice
Spring Lambs
. [email protected] [email protected]
Closely sorted ......sc.00000. [email protected] Good and choice ......c..... [email protected] Medium and good ...ceo0.vuse + 13.0 14.00 | Eas Common [email protected]
G. M. ELECTS JOHNSON
General Motors Corp. today: an-
son as a vice president of the company and his ‘appointment as group executive in charge of the recently organized eastern aircraft division and of the six divisions of the cor-
poration in Dayton, O. :
Wait—But I Can!!
Your $$ Are Needed for Victory
BUY MORE WAR BONDS
Ea
A CASH EI
For Dentistry! | | YOUR - WORD AS GOOD .
ri Trust You ‘If You Need |
DENTAL
PLATES: =
or Other Dentistry f
IT’S EASY TO PAY . MY BUDGET WAY
Pay by week or month _ #8 you are paid. Only | ONE accohnt for ALL |i the family. Credit [|
| On My Populsr FAMILY
Frompt Servis” vo 2 Vrs. to Pay}
Semen strictly
Room 013m FLOOR ! ROOSEVEL ;
Last |Am
Top Holds at $14.75 Here A
cultural marketing administration. |4
[email protected] | Ba: . [email protected] | Beatrice Cr ... 24
8| Both Ste
00 | Copweld Steel 3
u NEW YORK, July 10 (U. P.).—|Elec Boat
nounced the election of E. F. John- |g
Allis-Chal . 26 Amal Leath pt. 14 Ch Del. 20 + 30 rlines... 36% §
Note. Ya Be hos of 127%
Am LOCO ...w: 8 Am Loco pf .... 18% Am Metal 19%, AP& LGD... 17% Ar & LS pt A 18% Rad & 8 8 4% Am Roll Mill... 10% RMcv pt. 56% Smelt 30% Smelt T of. 140 Snuff 331%
sens
ve
An Woolen pt. Zinc .... a “eis Armour Ill our Il pr pt sai Armstrong Ck.. 28% Asso Dry. Gds.. § s Dry Gds 2 pf 2
hoice 220 to 240-pounders, although [A C Li
6% 6% ‘use uss 3 —B— 11%
Atl Atlas Bar i. Atlas A on
Pa Si
Bald Loco cb... Balt & Ohio ... 3% Balt & Ohio pf 6 Bangor & Ar pf 27 sdall 10
Beld Hem Beli Atrerai. endix avn .
Va 12% . 307%
55% Bein St I bi pf. 107%
Burroughs .... Bush Term ... Butler Bros ... Byers A M.. % Byron Jackson.. 14% A 64s 12Y 42
3 2%
Calumet & H... Canada Dry.... Can Pacific ... Car C&O Carriers & Jen Caterpillar T Celanese Celan 7 pr pf. 17h Celan 2nd pf.. 82% Cerro de Pasco 32% Certain-teed . Cert-td 6 pr pf 26% Champ Paper.. 15 Checker Cab .. 8Y% Ches Corp . 4 Cos
Chrysl 63 Cleve Graph Br 241; Cleve Gph Br pf 99% Climax Mol 39
Broadcast A 12 Broadcast B 12
Ss. Col Pictures pf. Com. Credit ... 21 Com Inv Tr.. Com Solvents. .
Comwlth Edison Cons Cig pf .... Cons Aircraft.. Cons Edison ,.. Cons Oil ..... Cons Coal ee.s. Cotnainer «e... Cont Can ...... Cont-Dia FP .... Cont Ins ...... 37 Cont Mot ..... Cont Oil Del ...
Corn Ex Bnk.. Corn Prod... Crane Co Crane Co cv pf. Cream ‘Wht ....: Crown Zeller .. Crucible St .... 27% Crucible pf .... Cub-Am Sug ... Curtis Pub ... Curtiss-Wr .... Curtiss-Wr A . Cutler-Ham ....
Decca Rec Inc.. Deere & Co .. De & Hud . D Lac & Wee! Det Edison ... Dev & R A....
1 pi. Duques L pt. 117 3 East Air Lines. -24 2% t R Mill
. 3% 3% East Kodak 2.133 133%
Evans Prod ....
Fair, The .... 45% Fair Morse 31% Fajardo Sug ... - 31%
Follans Stl evpf ais Francisco Sug.. Freeptodulphur 321
Gabriel A ..... Gair Robt .....
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Week Ago ......ceovses Month, Ago Year Ago ’
vessnnes
*| Yesterday .....
Week Ago .... Month Ago Year Ago High, 1942, 14.94; High, 1941, 20.65;
seerevssnensecs
tessa sees trearree
low, 10.58. low, 13.51.
cesmrsasesscses 108.97 —0.72 veine. 127.90 High, 1942, 114.22; Tow, 92.92 High, 1841, 138.59; low. 106.34.
{-20 BAILBOADS
+o.12
OH cease 20,19 4001 High, 1942, 20.013 low, 23.81. : High, 1941, 30.88; low, 24.25. 15 UTILITIES vesee 12,18
hoz +0.14
18.56
High
Gotham Hos ... 2% th Hos pf
SRIESS
&
Gu M&Oh pf..
Herc Mot ..... Hershey pf . Holland Furn..
1; { Hollander & 8.
7 Ya Ingersoll Rand.. "
Homestake .... Houd-Her B ... Hudson “Motor. Hupp Motor ...
Ill Central ..... 7
Indian, Ref ....
% | Interlake Ir
i. |Int Ps
Bil diobil
ie
tbl]
T1+1+1+11
. . . .
s
LEX 2s
FREES $5
Fern #
FRE EEE Ok ESE
84 Int Business M142 142 Int Harvester.. 49 48% Int Hyd El A...15-32 15-32 Int M Marine... 8 1% Int Min & Chem 6%
Int Nickel . aper .. Int RC Am pf. 44% Int T&T ..... 2% —r 8%
Jarvis Co
20% Jones Lgh pt A 51% nile Kalamazoo ar 2% Kan C Sou.. Kelsey Hayes "B Kennecott .....
Eo Lone Bar Cem. Loose W Bis... Lorillard ......
17 14%
MacAn & For.. Mack Tr ... Magma Manati Sug .... Marine Mid ... 2% Mkt St Ry prpf 8% Martin (Glenn) 20%. Be. eey Ye
17% 31
McIntyre Porc. . : McKess & Rob, ' Melville Sh .
Mident - Pet.. Minn Hny . Mission Corp. . Mo-K Tex ..... Monsanto ..... 76% | Monsanto pf & 107% 2] Mont Ward..
% Mueller Br
urray 5%
Nash Kelv .... 5% % | Nat Biscuit ... 15% 'Nat Bond Share 13% Nat Cash Reg: - i
% - 4
Norwalk T
2 | Ohio oir ..
essen,
Penney Penn Gl Snds.. Penn RR Peoples Dr . Pepsi-Cola .... Pere Marq . Pfeiffer Brew. . Phelps Dodge. . 283 Phila Co 6 pf a 62% Phil Morris ... 11% Phillips Pet ...
Pub Serv 5 pf.. 70 Pullman ....... 23% Purity Bak .... 11% , 11% Radio Radio pf Radio-K-Or - 3 Radio-K-Or of. 42% Raybestos .. % Rayonier Ren Joan dy t vic .. ema stl ...
Revere Cop .... Revere AS Bela
Reyn Spring
9 9 3% . 18% at
ese
'Seab’d Air L pf
—————
‘$8,000 Chamber of Commerce B
e ud and Accrued Interest.
Net Last Change 2% + % 1 + 8 +1-16
32
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3 hn ee Ed Tex G
Val
1: +111 iF FREE
ii | Congressional Record. i
R )
Cees RE ES sERR |
i
5
; oot Pexas CO .... 36% 36% ‘G 8Sul..... 31 30% . 5% 19% 11-16
21%
Twin CRT pf.. 37 a : ‘lm Und Ell Fish .. 30% 37 Union ; Un El Me 4% PL108% Un Oil C 11%
i, | en with the most disappointing re-
US Tob ‘Univ Leaf T.... 50 50 i
Vadsco Sales ..13-32 13-32 Vanadium 1% 17% Va-Caro Ch ... 1% 1% Va-Caro 6 pf... 34% 33%
Yahath a 4%. 3
Warner Bros .. Warren Br ..... West Pa El A.. 42%
West Air Br oe ud Westing El . Westvaco pf.. .. 104% W & Lk E pf... 81 Wheel Steel .. 22% Wheel Stl pr pf 61% White Mot 13% Willys ovrind of 6 Wilson & ? Pi Woolworth .. Worthington - To% Worthing pr ‘pt 45
Zenith Rad '... 14%2 14%
Times Special WASHINGTON, July 9.4 F Raymond S. Springer (R. |! doesn’t want the office of Pp ministration to employ an ment staff, he declared today
So far Rep. Springer ha used
| this method to complain aba! gas
rationing, cancelling county and other OPA programs. [i day's piece he indicates t complaining all is done to hdiz the war. The 10th district Republics! in
gressman faces: Rep. Willis H.|Ind Larrabee as his Democratic 5opon- Linsoin Na
ent in November, because if the
redistricting which cut the :
7 house delegation fo 11 instea
with a 100 per cent .record {i p war support of President Roc velt’s foreign policies. - “May I say that we do ni need snoopers or inspectors; in thi: war,”
| Rep. Springer contends in cd; dem-
ing the program proposed bi Administrator Leon Henders|:" “The people will comply’ , and every regulation which Ha
lin reason and which is esser:
our victory in this war. 7" ¢ no need for a vast army »f spectors and snoopers to har::s the
people, and to draw large £2 laries for such non-essential work. :
AT WPB OFFICE H:RE
Jack H. Frohlich has if
Indianapolis - district office |
Yesterday ssesecessesiinne Week Ago csavR00sReeD ON
we “3% Month Ago . . Sse0s0sveve
Year Ago
ssessssccsssssien
|to the ship, it is believed likely that
%|to examine a suspected smallpox
[ | cination.
%|is no danger of a real epidemic de-
33 Cases of { Smallpox Are Believed Traced to Ship
From Bombay. By HELEN KIRKPATRICK
Cong 190, Tha Ipdigpapoty Times LONDON, July 10—The first wartime outbreak of anything remotely resembling an epidemic Tag struck Scotland through a ship from Bombay. So far 33 cases of a virulent and infectious type of smallpox have been reported in Scotland and three cases /in England. While not all the cases have been traced directly
it was the cause. The doctor who. went aboard ship
case himself contracted it, although he had been vaccinated. Of the 33 persons who caught it, 20 never had been vaccinated and the other 13 had not been since infancy. Doctors who have fought for years to get. people. to be vaccinated—oft-
sults—were gratified by the influx
of Glasgow applicants for vaccination. Four hundred thousand have
tory in Swindon, where cases were reported, immediately sought vac-
The authorities believe that there
veloping and every precaution has been taken to prevent it spreading.
been vaccinated in Glasgow in the| 1, | Past few weeks, while 70 per cent a|of the workers in a munitions fac-
STOCK RISE HALTED
BY PROFIT-TAKING:
%|the July advance in stocks today,
+|terday to a new four-month high
s({to slightly more than a point in
|tion lower with a loss of around a
; point gain.
ap-|
| vin O'Brian, Surela Lents.
| co., Tne.
E EH od Suited _s
NEW YORK, July 10 U.P.) — Profit-taking halted extension of
but the list met good support within ‘a ‘point range below previous final ‘levels and trading dwindled sharply . from yesterday’s space. The advance in stock prices yes-
brought out profit-taking. In addition, adverse news from the Russian front dampened buying enthusiasm. Leading rails had losses ranging
Union Pacific and Nickel Plate preferred, while Chrysler led its sec-
point. ‘Steels, coppers, oils and aircrafts steadied on small losses. Allied Chemical gained a point. American Telephone recouped part of an early loss of more than a point. American Viscose, Checker Cab; Schenley ' Distillers and Beatrice Creamery set new ’ 1942 highs. Phoenix Hosiery preferred leaped 9 points to a new 1942 peak at 60. American Locomotive preferred held almost 6 points of an early 7%
LOCAL ISSUES
Nominal quotations furnished by local tale of of National Association of Securities
Sloss Bid
Stk Yds cesssss 51 RR a Xds Pra © evissene ex 83 bs Morrill i ped esssss 45 Circle Theater co! 5 Comwlth Loan 5% pd. Hook Dru
Belt RR Belt nh
Progress Laundry com Pub Serv of Ind 5% pfd..eees 3 Bw Serv of Ind Inc com...... 10% So Ind Sa 48% pid ....00.. 84 Union Title Co 27
Bonds
Algers Wins'w W RE 1% ase 2 American Loan 5s § 38
Com’ Bras Go c po Si Citizens s nd Tel nsol 5s
Co! Fin Ndi vee Cra Re olds Tay or . Home T&8 Fh wayne sts 8. 108 Home T&T Fb In as So’
d Assoc Tel Indpls Fa P&L 3%s 170 Indpls Railway Co Ss 4. . 13 Indpls Water Co 3%s oe .106% Kokomo Water Works 5 88. y -- 10% Kuhner Packing Co 4's 4 Morris 5&10 Stores 5s i ' ncie Wate or SERS 58 65....104
Pub Tel 8 55 99 Richmond Water Works 5s 57. wn [rac Term Corp "5s *Ex-Dividend.
$ Ask
FEE Joseph D. McGoldrick, comptroller of New York city, will address the Life Officers Investment Seminar to be held ‘at Indiana ' university July 13-24.
WHEAT FUTURES UP; CHICAGO, July 10 (U. P.).—Yesterday’s heavy flour bookings made wheat a strong exception in a weak futures market. on the board of trade today.
At the end of the. first hour,
wheat was % to % cents a bushel higher after an irregular opening, corn 3% to % lower, oats unchanged to off %, rye unchanged to % higher, and soy beans off % to up %.
CHICAGO LIVESTOCK
Hogs—Receipts, 6000; weights 240 lbs. and down fairly active, steady to strong; heavier weights iy ;&s0d and s holce 180-240 1bs., $14.60@ top. $14.85; 240270 lbs., $14. G00 14s ho: So 330 bs. $14.20 @14.55; sows Steady to weak, good 400-550 Jo, $13.40@13. ood and’ c re under
Ibs., $13. $50: 14.1 Catile—Receipts, 860. Calves—Receipts 300; small run steers. steady; no choice cattle here; strictly good long yearlings, $13.65 at best; several loads [email protected]; Proinding 1424-1b. average good grade offerings at outside price; grassy and warmedup steers, slow at $11.50 down to $10.00; heifers scarce, steady to weak; grassy kind under pressure; canners and cutter cows, weak at $8.75 down; beef cows very dull and uneven, fairly steady with Thursday’s deciine, $9@10; only strictly grain fed cows above $10; bulls steady to weak; heavy sausage bulls quoted, up to $12; but medium weight kind, $10.75 down; vealers active and steady, at $15 down, stockers scarce. Sheep—Receipts, 500; market on native spring lambs not yet established; undertone weak; some interests bidding, $14.50 on good and choice offerings held, a he 75 and above; few fat ewes, $4.75@8.
OTHER LIVESTOCK
CINCINNATI, July 10 (U. P.).—H Receipts, 2425; market opened 15 fo "30 20c higher, closing 5c lower be 15¢ Mighen 180-200-1b. weights, $14.85@15; top, $ 200225 1bs., $14. 801s 2 225.250 Tos... %14 8 250-275 lbs., $14.6! 75-300 1bs., 300-400 1lbs.,
500; calves receipts, 200; receipts light; steers, heifers and bulls steady: fat cows, 25¢ lower; 910-1b. good and choice steers, $13.50; common and medium steers and heifers, [email protected]; canners and cutters down to $8; common and medium beef cows, [email protected]; good Jinds $10; canner and cutter cows, £6 9.25; common and medium lls, $0@11; good weighty sausage ut; [email protected]; vealers fully steady; Practival top, $14.50; good and choice, [email protected]; common 4) medium; $10@13; culls, $9. 50 down. Sheep—Receipts, 1600; top grade Spring lambs, 25 to 50¢ lower, slow, outgrades off more; good and choice, [email protected]; common and medium, 50@14; culls, $7; slaughter ewes, $6 down: country graded pooled lambs with choice kinds at 315; 50 and good kinds, $15.
PT. WAYNE, July 10 (U. Steady to 5 cents higher; 65; 200-220 1bs., : Ibs., $14: 50: Ibs., $14.45} lbs., $14.25; lbs, $14.10; 140-150 1bs., $13. 60; 100-130
35. Roughs, $13.25; stags. $11.50; calves, $14; riggs Wh y $14; yearlings, $8. 50@11. 50; oy
790-280 240 Tha, 180-200 1bs. 240-260 280-300 350-400
y 10 (U. P. 5 Market steady: 160-200 1lbs., [email protected]; 200-250 lbs., [email protected]; = 250-350 1bs., [email protected].
Pigs, $14 ‘down; roughs, $13.25 down. Calves, $13.50@14; lambs, [email protected].
MORE CALIFORNIA EGGS
SACRAMENTO, Cal. (U. P.).—A census, . just completed, shows that California has 11,712,000 laying hens which aré speeding up production in the war effort. Their output for the first three months of the year showed an increase of 6
LAFAYETTE, Jul ) .—Hog
“TRADE HEAVIER
Some Buyers Change Their Minds About Trend Prices Will Take. °
NEW YORK, July 10 (U. P)~={ Stock market traders are substantl= ating the opinion of experts that “there isn’t anything wrong ‘with Wall Street that a few million share sessions won't cure.” Yesterday turnover on the Big Board approached the million-share mark for the first time this’ year while prices surged forward to & new high since Feb. 7 on the industrial average and to March 4 on the 65 stock composite. : The expansion in trading on the upside brought about some surpris- . ing reversals in sentiment. Some operators who were contending a few weeks ago that the Dow-Jones industrial average would get down to around the 85 zone before meet= ing support, now are talking in erms of a rise to around the 115 mark, which would represent a new top for the year.
Fear Inflation
The more stable analysts,’ howe ever, are slightly more cautious.
had a rather sharp advance thus far this month sand that some consoli=
dation of the gains would now aps pear in order. While they view the immediate outlook with some caution most of them are bullish on the long-term prospect. A check with the trading come munity shows at least six reasons why various traders bought stocks. They were: : . 1, Belief that refusal of congress to allow OPA Chief Henderson fo pay subsidies to “distressed” busie nesses and the administration’s une ° willingness to freeze wages before the elections will set off inflationary influences. 2. Belief in other quarters that the administration will place ceilings on wages because any other course will. bring about: inflation, and, in addition, “eat up” a large part of the excess profits taxes which the treasury is counting on to help pay for the war. °
Follow London?
3. Indications that the market had been oversold. This theory was based upon the market’s steadiness recently when the war news from Egypt and Russia was critical. 4. Hope in some circles that the stock market here will follow the pattern of the British stock mari|ket. It is recalled that the London stock list declined steadly for almost a year and then swung upward in a long, gradual climb after the fall of France. 5. Buying of peace shares by some traders on the theory that the war
@| will be short, and demand in war,
stocks from operators who think the conflict will last at least another two years.
Rumor Unconfirmed
6. Persistent rumors that one of the nation’s largest investment firm had adopted an outright bull policy on the theory that the bottom of the war decline in. stocks already’ has been passed and that current
-| levels will look “very cheap” a few »| months hence.
LOAN
® ON ANYTHING ©
Autos e Diamonds ® Watches Jewelry o Clothing © Radios, Ete.
GET CASH IMMEDIATELY
iH TINY
“ILLINOIS AND OHIO STS.
per cent.
Open to 7 P. M.—Sat. to 70 P. M.
45 GONVENIENT ~ LOGATIONS
TEE
SAVE 25% -in Our Sensational Clearance of Summer Apparel! on Easy Credit
LIVINGSTON'S
129 W. Washington St.
4
U. S. STATEMENT
WASHINGTON, ‘July 10 (U. P.).—Clovernment expenses and receipts for the current fiscal year through July 8 compared with a pas go:
138 ese 11 183 35300.863 57 wer "ona. '143 Tous 339,312,688.78 195.35 130866.646.13 Nor Bier 0 1,008.062081 08 | 327.101065.48 Gpan Bai. Tgs1,108 305.11 3, 767.143'174.61 Work. Bal. 3,088/672,065.27 2018,172,315.83
b. Debt. 77,911,935,685. 75 55,499,709,919.7 Gold Res. .22,739,728,236.14 22,633, :275,028 99
INDIANAPOLIS CLEARING HOUSE Clearings ....c..covcvevnee .$ 5,197,000 Debits 14,116,000
“suse csbsser antes es ree
Incorporations:
(OB IIR
Largest Selection in the State
NUTTY TT
29-31 East OHIO St.
GUARANTEED
(IE (lech 71042 1
Vili OUR USUAL
R LOW PRICES nh
= $ ; ; - J > & i kL F § 5
USE YOUR CREDIT at
PHOS KIN
CLOTHING COMPANY
131 W.
a. ——
Washington Directly Opposite Indiana Theater
Jugo-Slav-American Club of Hammond, mmond; amendment changing
urns: City Recreation Club, Inc., Burns| ory. Ind.; no Sapital stock; social; ’ George Lents, Floyd Jones, William Leonard, Al-
The Calumet Region Hotel Men's Assn. Inc., 3219 Block ave., East Chicago; no capital stock; Herman 8. Geigen, Hyman 2. ilataser, Andrew Rooney, Warren J.
Terre ‘Haute Sanit: Waste-Paper Box .» Terre Hau Fouts) dito Hor, Bixoli, Miss, RA , Cocktail’ — ‘mark, oS ; Refngeasng oorp., New Castle,
They point out that the market hds~ -. .