Indianapolis Times, Indianapolis, Marion County, 11 July 1942 — Page 9

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BUSINESS

Great Lakes and Rivers, Safe 4%

A SOME PR | . 2 Air Reduc

By ROGER BUDROW

‘ i Al OUR MIDWEST WATER TRANSPORT SYSTEM, safe A from submarines, is the busiest it has been in years. You can|Am

stand on the banks of the Ohio river and watch an endless

procession of riverhoats mov

ing barges up and down the

river, loaded with bulk raw materials such as coal, oil and stone that used to be shipped by other means. Or along the northern shores of this state you can see

ore boats pulling in from the iron ranges near Lake Superior, unloading as fast as possible and hurrying back for Am

more. Just this week Inland Steel Co. said every one of

its ore boats had broken its cargo record since the season Am

start in April. Probably the most important cargo hauled on the Ohio at present is petroleum. From the Texas oil fields it is hauled through the intracoastal canal along the Texas a nd Louisiana gulf coast, then up the Mississippi and Ohio to Pittsburgh where it is piped to refineries in the gasolinerationed east. Barges have been converted to petroleum carriers to ‘meet the increased demand. The cost is much less than by railroad and compares 1avorably with pipeline rates. Today it was disclosed at Defense Transportation Director Joseph B. Eastman plans to take over » tankers now plying the Great Lakes and shift them to carrying oil through the New York barge canal. That is what Mayor LaGuardia of New York has been crying for several months, ” ” f J

THE GOVERNMENT is going to experiment with the process Japan and Germany use to obtain motor fuels and lubricants from coal. The bureau of mines will build a pilot plant at Pittsburgh. Five tons of coal will make one ton of liquid fuel, the bureau says.

Roger Budrow

. ss 8 = ODDS AND ENDS: Despite mov-

ing out of Jap farm hands, farm July..

land is still in big demand in Cali-

fornia, Trans-America Corp. reports.(May..

. « + Auto parts makers who got A-1-A prirority ratings wonder if it means no nation-wide gasoline rationing. . . Synthetic rubber program is expected to go above 800,000 tons a year, with the increase com-

ing from grain alcohol, not petro-|sept..

leum. , . Big trailer-buses will carry

California war workers to their jobs. og 174%

. « « U. 8. currency is being burned Oct

in Hawaii, being replaced by the new war certificates which are useless in case of an invasion. . Power companies whose biggest customer is a war arsenal are not allowed to publish financial statements.

< STOCKS MOVE IN A NARROW RANGE

NEWYORK, July 11 (U. P.).— Stocks fluctuated irregularly in quiet dealings today as traders evened up positions for the weekend. Changes in the main list generally were small but some inactive issues moved over a wide range. Bonds were narrowly irregular in quiet trade. Grains also were mixed, while cotton futures firmed slightly. Demand continued for inactive issues regarded as “behind the market.” American Can preferred rose 2 points to 134, while gains of 2% points each were scored by Westvaco Chlorine at 28% and American Woolen preferred at 65.

LOCAL ISSUES

Nominal quotations furnished by local pan of of National Association of Securities Dealers

Stocks Bid Ask

R Stk Yds com ....c00. 51 wa 3elt RR Stk Yes ds pla cevusnre 33 ee

0 erri .e oes ahh

ervift n 4% ptd aE ay Circle 25 29 Comwlth Loan 5% ptd’ 93

nd Serv . ndpls P&L 54% ptd ‘ ndpls P&L com ndpls Water 5% pid ndpls Water Class com. Lincoln Co 52% pid. . ve Lincoln Nat Lif eIns com .... +38 *N Ind Pub

iq. *N Ind Pub Serv 6% CA *N Ind Pub Serv 7% % pd.

aundry ind 8 5% % pd. FO f Ind Inc com......

Van Comp | Milk com ......00. 11 Bonds Algers Wins'w y 5 4%s .... 99 American Loan § 96 American Loan HH . Cent Newspaper Sia 42-51. .. Ch of Com Bis go 4Yas $8... 1

s 68 ..108 omo 5s 33.1 Kuhner Packing Co 4%s 49... Morris 5&10 Stores 5s Sor Muncie Water Works 5s 65.. N Ind Pub Serv 3%s 69

Richmond Water Works 5s 57.105 Trac Term Corp 5s 67 80 *Ex-Dividend.

U. S. STATEMENT

ASHINGTON, July 1 (U. P.).—Gbvrnment expenses and ts for the ee Pi gp year Nhrough i lg compared with a 3, Jeol a

Expenses. $1488.107 167.98 War Spend 1.234.060,988.19 = 270,349,823.7

1473.16 5.17 il 7.9543 1983.62 56,516,416, 149, 16 d Res. 22,739,767,580.96 22,640,220,45 57.80

v INDIANAPOLIS REARING HOUSE . Today Clearing® ...o.ccoovivvveessases$ 5,850,000 Debits 116,600,000

PERRIS ibaa

May..

Sept.

Last Year $ a

CORN FUTURES

Estimates of Smaller Crop This Year.

CHICAGO, July 11 (U., P.).

firm on the board of trade today.

The bullish crop estimates released yesterday by the government showing a decrease of 45,000,000 bushels of corn below last year’s harvest moved the week-long indifference of the corn market and stimulated a fair price rise. Wheat closed 3% to 1 cent a bushel lower, corn was ¥ to 7% cent higher, oats off 1% to % cent, rye off 3% to % cent, and soybeans irregularly % cent higher to % cent lower." Wheat—

HeoangE Py

Open July. .$1.20% $1. Hoe i i 1) 1032081" 28% Sept.. 1.22% 1.2

1.22% 1.23% 1.26% 131%

Corn—

July.. .87 Sept.. .89%

Dec... .92%

May.. .96% Oats— '

1.32% 1.26 1.25% i 30% 1.30%

87% 89%

83 97%b

Dec.. 1.26% 1.25%

1.31% 1.30% 87% .87 .90 89% 93% 97% 47%

Sept.. .48Y, Dec.. .50%

47% 48%,

48%a 51

.50%h .53%a Rye July.. .67 67% .. .69% .69%a

JN3%a .78%n

Dec.. .73%

May.. vin Barley— July. . cave

60a 60

Soybeans— 1.742 1.74

1.75% 1.74% 11% 1.16%

1.74% 1.717%

Lard—

July... .. . ve «| Sept... .. .e hs get. . ve iv

12.8! Asked: bBid; "nNominal; *Old; tNew. CASH Wheat—No. 2 hard, $1.17%; No. 3 red, $1.19; No. 2 mixed, $1.17%. Corn—No. 1 mixed, 87%c: No. 1 yellow, 86@88%c; No. 2 yellow, 857; @87%c: No. yellow, 85@87%c; No, 4 Isiiow, 84%, @86¢; No. 5 yellow, 84c; No. 2 whit:

low, 1 [email protected]%. Oats—No. 1 mixed, 49%c; No.

2 mixed, 49%c; No. 2 white, 50%c;

No. 3 white,

bright, 50%2c; No. 1 mixed heavy, 49%ec.

72@96¢c nominal; hard,

loose, $11.90 bid; leaf, $12.40 asked; bellies, $15.75 bid; Nod tierced lard, $12.90 nominal.

LOCAL GRAIN

CASH

Wheat—Weak; receipts, 2 cars; No. 1 red, $1.13%@1.14%; No. 2 red, $1.12%@ 1.13%; No. 2 hard, $1.11%@1.12%. Corn—Firm; receipts, 59 cars; No. 2 yellow, 80%2@81%c; No. 2 yellow,” 80% @ 81%c; No. 3 yellow, 78@80c; white corn,

unger. s—Easy; receipts, 4 cars; No. 2 white, Ga No. 2 red, 45@46¢c Soybeans—Firm; receipts, 1 car; Indiana and Illinois No. 2 yellow, [email protected]

YULE TRIMMINGS O. K.

WASHINGTON, July 11 (U.P) — Cigars, cigarets, smoking tobacco and snuff can be wrapped up with

all the necessary paper trimmings for gifts this Christmas, Harley W.

tion board’s tobacco section, ruled today. Elimination of Christmas

optional.

Corn futures countered the trend of 3

\ : B a weak grain market and closed Bliss & Laughin Boeing Air . 15 Borden Borg-Warner Briggs Mfg .... 1 Bucyrus-Erie ... Budd Mfg ... Budd Mfg pf.. Budd Wheel ... Bullard Burrough® *.

$1. Di Soybeans—No. 2 yellow, $1. Ta: No. 8 yelD

1 3 E: 10@11c over yellow; mixed corn, 1@2%c Evans’ Prod

FINAL NEW YORK STOCKS

Cal

Celot;

Cont Cont 4 | Cont Cont Corn

Decc

East

Elec Elec

Free

Gen Gen Gen

Gen Gen

packages by any manufacturer is|G

Gen Gen

Adams Exp .... Mil

AlnsEn Juneau.

From Subs, Busier Than Ever a Al Corp

our Ill 3 Armsrtong Ck. 28% Artloom Ys Asso Dry Gds..

COUNTER TREND: =

A Close’ Firm on Government

Aviation

Balt & Ohio .

Callahan

a Oo Carriers & Caterpillar Ya Sep 4 pr pf. 117%

Eaton Mig El & Mus Ind.

Fair, The ptf ... Fajardo sug ... d Min &

High Low Close Change

stil : "a 6% , ms . 20 20 12 12 . 33% 33 8%

Pwr&Lt... 5% Am P&L 5 pf A 15% Rad&SS .. 4%

Roll Mill..

RM “Smelt

Stores Sugar Sugar, Bt T&T

4 5% 6

orp...

3% %

Packing ... Zinc.

en T..

Gent “Tn Lt pf. Cent Viel Sug.. Cerro de Rast: Certain Td .

y. Chi Mail Order. Chi Pneu .. Childs .... Chrysler 63 1, | Cleve El Ila .. Climax Moly Co 38%; Cluett Peab ... 32)2 Colgate P-P ... Col & Col Broadcast . Colum Sas ny Col Gas .3 % | Col Pictures A. Carb

Aik

6 pf..

'| Comwith Edison Cong . ie Cons Aircraft.. Cons Cigar ... Cons Cigar pf. Cons Cig pr pf 90

Nairn

Dia F ... Ins Mot Oil Del .. Prod ... 51

Crane Co Crane Co cv ‘pt 90 Cream Wht .. Crown Cork pf Crown Zeller .. Crucible St

. 15%

Cutler Ham ...

Davega Strs ...

a Rec Inc.

48@49%¢c; No. 4 white, 47%c; No. white|Dev & R A

116% 13618 116% 120% 120 120 —E— Air ines. 24% 1. Y,

247% 24% 3Ya

1 Auto-L 3 a” 3%

Pwr&Lt .. EP 8

45%, 21%

Firestone Firestone pf A . Follansbee Stl . Food Mach

pt-Sulphur .

Gabriel A

Am Inv ... Tr.

Gen Am

Jefferson, chief of the war produc-|Gen Cigar

Precision . Ry 8ig ... Stl C pf...

Yes, a Woman Driver!

Today woman's place is in war work and at the | busy Aberdeen, Md., proving ground they are at it" with a vengeance, putting tough tanks through preliminary paces for the U. S. army.. right, apparently enjoys having scattered hardy news

Tank tester,

Hl +

34 Week Ago secvnsssdosaceeccn

Saar

I+ w NS

Srl Ll + Roa

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ptt SEE

(Int T & T

e Today

REFRE

By UNITED PRESS

DOW-JONES STOCK AVERAGES

i 30 INDUSTRIALS TORRY su ssvsrsssssscasssves Yesterday sess 00e0s0scsnsce

12.10 0.02 108.66 —0.00 Holiday Month AO ...cevessseecesse 104.68 40.31 Year Ago .-...eveiievaienn... 127.80 —0.10 High, 1942, 114.22; Low, 92.92. High, 1941, 133.59; Low, 106.34. . 20 RAILROADS Today .....o:iveieveenncecs.. 108.90 40.24 esterday .....cceveccneneses 25.70 —0.10 Week AO ....ccc0ev0esees.. Holiday Month AO .....ceecvteees.. 23.45 40.05 Year AgO ......o0000ve0nee.. 20.28 0.04 High, 1942, 29.01; Low, 23.31 High, 1941, 30.88; Low, 24.25. 15 UTILITIES Yesterday .c.ccoccoveccccens Week AZO. c.ooscceseccccsaces Month AO .c.cccoecreescees 12.15 40.05 Year Ago ........cc00v00e...) 18:61 +0.05 High, 1942, 14.94; Low, 10.58. High, 1941, 20.65; Low, 18.51.

———

16 MOST ACTIVE STOCKS Sales Net

25.70 12.12 0.06 Holiday

cess

(In 100s) High Low Close Change | ;

Leh V-Coal pf 52 Erie Ctifs

1415 13% 6% 6 9 8% Y 6% 305 30% 55% 5% 397 39% © 50% 497% 395 3914 5% 5% 36 341% 45% 4% 412 4% 271% 26%

14 + % 6% + % 8% % 30% 5% 39% - 50 39% % 5% 5% 1% 21%

+ %

Int Min & Ch 25 Mont Ward .. Warner Bros. Atchison ..... US Steel ..... Gen Motors .. Curtis Pub ... Va-Caro 6 pf. Am Rad & St Sunshine Min. Gen Elec ....

Packard 2; 25 2Yy Paramount Pict 15 15% 15% 15% —

“Big Board” sales were 153,650

Y% 3%

+ 13%

+ 3

17 16 B

+ | shares against 113,290 two weeks

ago. Last Saturday, July 4, was a holiday. Curb stock sales were 26,815 against 28,665 two weeks ago.

High Gen Tel ....... 14 Gilette S R . 3% Gillette S $5 pf. 53 Gimbel Bros ... 43% Glidden ........ 143, Goodrich ...... 18% Goodyear ...... 18 Grand Union .. 73% Gt North pf... 223% Gt W Sug pf...133% Green HL .... 313 Greyhound Cp. 123 Grumman Air E 105% 10% Guant Sug pf. 81% 20%

14 3% 53 4% 14%,

seen seco esse esse

sso

22%, 133% 31% 12%

Hayes Mfg ..... 1% Hecker Prod ... 5 Hershey pf .... 89 Homestake .... 37 Houd-Her B ... 9 9%, Houston Oils . Hud Bay M & s 19% 19% Hudson Motor . 3% 3% Hupp Motor ...13-16 7%

Hie

1% 5

89 35%

Ill Cent pf . Inspiration Cop. 10% I ee Ir . M Marine. . LH Harvester . Min & Ch.. Nickel .... Paper ..... Saper crrnes Salt ....... Shoe ...... Silver. .....

Hi LH SERRE

Cs ,

3 2% 2% rm Jes Johns-Man .... 59% 59% Jones & Lgh 20% 20 Jns. & Lgh Eat B 69% 69% wile Kalamazoo S&F” 9% Kan C Sou . Kelsey-Hayes A. 11% Kennecott Kinney 5 PI - Rresge SS .

Jos Star Cem. Loose-W Bis ...

= Lorillard

Lou & Nash ..

Manati Sug ... Marshall Fd “a Martin (Slent) Martin Maytag McGraw El ... McGraw-Hill

‘McKes & Rob..

Melville. Sh

% | Mesta Mach

Mission Corp... ‘Mohawk Cp ... 1 Mont Ward Mor & Ess .

Ye Mullins Mfg 5

Nabco L Co.... Nash Kelv .... Nat Biscuit ...

s | Nat Cash Reg. .

4 | Nat Dai

Nat Cyl Gas..

FY ove 14 Nat Distillers .. a Nat Lead 13% Nat Mal Stl © 15% Nat Oil Product 33% Nat Pwr&Lt 1% Nat Sup 4% Nat Sup 2 pf... 11% N Y Central .... 9

No Amer 6 pf.. No Amn Avn...,

3% No Pacific .....

Ohio Oil .......

! Oliver Farm Bq 23% Omnibus

° High

nk Otis Flev . Owens Ill Glass S07

Pacific Coast 7p 5 Pacific Mills. 16%2

2% 17% P ceense 11% Paramt Pict ... Parke Davis ... Park Utah ..... Patmo Mines ... Penne

Pure Oil ......

541 wen) 3 . 25%, 21Y, p 13% Ren & Sarat .. 4 Reo Mot ....... 3% Republic Stl ... 15% oon, cee. 5% yn T 24% Rustless I : sto

Safeway ....... 341; Safeway pf 104% St Jos Lead ... 28 Savage Arms .. 12Y, Johetiiey Dist.. 161% Scott Pap

. 31% Sears Roetick. 55% Servel In 7%

h Ry Sharks With oo erry Corp .. Spicer Mfg .... Spiegel Inc ....

Net Close Change Squar

od ... Studebaker .... 4% Sun Oil Sunshine Min. . 42 Swift & Co... 22% Swift Intl .... 23%

Texas CO .... 36% Tex Pac L T. 5% Thermoid

3 be) Temp, Star ot. 12

Tide WAOIl 8% Transamerica. [3] Tri-Con serait 1 Tri-Cont pf ... 59% 20th Cent-Fox . 10% Twin CR T pf. 39

Und Ell Fish .. 36% Union B &

Un Pacific .... oi Un Tank . . 22% United Aircraft. FEA Un Ajr Lines .. 11% United Corp ... 9-32 United Cp pt. oo 11% Dnited Drug ... 53% Dyewood pf. 41 Gas Imp.. 3% Freight ...

Steel

U So ores A. "13-32 Univ Leaf T. ... 51

Van Norm Mch. ig Van Raalte .... Va-Caro Ch ... Va-Caro 6 pf..

2 . 36

Warner Bros .. 5% Wayne Pump .. 15% Web Eisen .... 2% Wes Oil & 8 .. 17% West Pa El A . 44 Pa P pf ...107% West uso ov 15% West Md 2 West Air Be “ stva 28%> Wheel su 5 pt 61% White vee 13% Wilson We eo e Weolworth .... 28 Wrigley 52

Yellow Tr ..... 11% Young Sheet .. 323,

High Alum Ltd ...... 74% Alum Co Am ... 91% AM CYAN B ... Am Gas & E ... 17% Am Lt & Tr ... 10 Am Maracaibo. Am Rep Cp

% Am oi “eeee 3-32 Ashland Oil ... 4% Asso G&E A ... 1-32 Bab & Wile ... 20% Beech Airc ..... 8% Bellanca Airc .. 2 PBraz TL & P.. 7% Bridgeport M pt 51% Carrier Corp . Cities Serv 6 pt an Col O & G ....15-16 Conn Tel & Elec 1% Cont R&Stl Fdy 10% Rage. . 5% Pet .... 1%6 32 7% Bd 1% El Bd&Sh 6 pf. 41

Equity Cp 3-16 Ford Can All 1s

Humble Oil ... 51% Int Petrol .... 11% Lake Sh vied Lehigh C&N ...

. | Merritt C&S -...

2s 1 ‘13%s 1972-67 .

Mid SPET Avtc.. Me oly Copp. .

A. Un Lt&Pwr, pf. 1h West Virg Coal 3%

Ye U 8 Rubber ... 18% Zenith Radio .. 14%

' ’ "High 1045 .....104.31 ..101.8

Low Close

4% 2%s2 23%

36% 5%

37%" aml

Ya 13.94 50%

8% 23 1% 34

—W— Wabash pf 4%.. 22% . 74% 5%

15% 2

11% 321

Low Close C ; ¥

1% 4

32%

Curb Stoiks |

Chicago Stoc

High Adams Oil.& G 4% SS.. 4%.

Government Bonds

U. 8. GOVERNMENT BONDS Treasury Bonds

Low Close 104.31 104.31

101.8

HOGS STEADY To

WEAK LOCALLY

Top Remains at $14.75 Here; 2500 Porkers Arrive At Stockyards.

Prices for hogs at the Indianapolis stockyards today were generally steady “to weak, the agricultural marketing adrainistration reported. The top remained at $14.75 for good to choice 220 to 240-pounders. Receipts included 2500 hogs, 200 cattle, 75 calves and 50 sheep.

HOGS (2500)

esescesasses $13. Hen [email protected]

. 14. S014. 65 sscsssscssces [email protected] essesscoscses [email protected] essssssssnecs [email protected] [email protected] [email protected] [email protected] [email protected]

[email protected]

270 pounds 300 pounds 00- 330 pounds 330- 360 pounds

Medium— 160- 200 pounds . Packing Sows Good and Choice— 300

[email protected] Bhe 13.90 [email protected] [email protected]

[email protected] [email protected]

[email protected]

od— 400- 450 pounds 450- 550 pounds Medium— 250- 550 pounds Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE (200)

Slaughter Cattle & Calves Steers

[email protected]

[email protected] [email protected] [email protected] [email protected] [email protected] [email protected] . [email protected] [email protected]

[email protected] [email protected]

[email protected]

eeecsssesscce

eecec00ssvsee

700-1100 pounds 1100-1300 pounds

Common— 700-1100 pounds Heifers Choice—

600- 800 pounds Sm pounds

600- 800 pounds S00%200 pounds Mediu $00. 4 900 ) pounds Com 500-900 “pounds

[email protected] . [email protected]

[email protected] [email protected]

sesecsssssnce

evsccoooe e0ccsvscvcccen

ecevcc0000n0e

(all weights)

Bulls (all weights) (Yearlings Excluded)

GOOd «.icvveecesesisccscs... [email protected] usage— “Good” ceesesesssecsccsncessces [email protected] [email protected] 8.75@ 9.75

8 | Beef—

CALVES (5)

Vealers (all weights)

Good and choice eeces.s.$14.00 Common and medium... oe , . Cull (75 lbs. up) [email protected]

Feeder & Stocker Cattle & Calves Steers

14.50

Choi 500~ S00 pounds 800-1050 pounds

Goo 500--800 pounds 800-1050 0 pounds

edium 500-1000 pounds Common— 500- 900 pounds Calves (Steers) Good and Choice— 500 pounds down Medium— 500 pounds down Calves (heifers) Good and Choice— 500 pounds down.. Me

ceececssessse [email protected] essssssssssss [email protected]

ve anrrereree [email protected] [email protected]

[email protected] [email protected]

ann [email protected] 300 pounds down [email protected] SHEEP AND LAMBS (50)

Ewes (shorn)

Good and choice........ ...$ 5.00@ 5.50 Common and choice .... oo. 4.00@ 5.00

Spring Lambs Closely sorted ... [email protected] Good and choice ............ [email protected] Medium and good ............ [email protected] Common [email protected]

soso.

CHICAGO LIVESTOCK

Hogs—Receipts, 500; salable supply of good and choice hogs too small to make a market; undertone about steady, quotable top, around $14. 8s: for the week: light weights dropped 5 to 19 cents and but<hers and sows 15 to.25 cents; early top was $15, equal to the highest peak in 20 years, but the ‘osing top was $14.85; sows finished the week up to $13.85, with light kinds, ur to $14.15. Cattle — Receipts, 300; calves — receipts, none; for the week: sharply curtailed receipts stimulated a 25-cent advance in good and choice steers and yearlings; common and medium grades lost 25 cents, with common grassy and short-fed offersteers,

topped at $15.25; strictly choice

y grain-fed steers and yearlings brought up

to $14, and strictly choice light BN — reached $14.85; yearling heifers brought i= 60; fed heifers were steady, but cows, 5 to 25 cents lower, with cutters, up to 5. 75, and canners at $7.50. Heavy sausage bulls’ brought up to $12, Vealers sold freely at $15 down and stock cattle held ‘steady.

to 85 cents lower, the late top of $14.65 Soniparing with $15.50 last Friday; the week’s top was $15.15 paid by city butchers; most J3urimes sold up to $12.50, with a top of $12.75; fat ewes topped at $6.25,

OTHER LIVESTOCK

FT. WAYNE, July 11 (U. P.).—Hogs— Steady; 220-240 1bs., $14.65; 200-220 Ibs., $1 80-200 1lbs., 160-180 1bs., 240-36¢ 1bs., Sa

$13.85; 130- 1bs. + 100-130 1bs., "$13.35; us, 25; gs, $11.50. Solves, $14. Lambs, $14; yearlings, '$8.50@11 50; ewes, $5

FIRM IS GRITIGIZED BY ITS PRESIDENT

CHICAGO, July 11 (U. P.).— Criticizing his company’s past advertising and personnel policies,

+ | President James S. Adams of Stand-

ard Brands, Inc., asserted here yesterday that the company plans to increase its advertising appropriations and bring “younger blood”

%1 into the organization in an effort to

restore its competitive position in the food industry. Mr. Adams told a meeting of 700 Midwestern Standard Brands stock-

‘|holders that the company’s com-

petitive position has been impaired by its failure to keep pace with other food companies in the use of advertising during recent years. In addition, he said, some of the company’s curre difficulties are the result of its t failure to provide for aging .employees and to bring younger workers into its operations. At present, he added, Standard Brands is faced with the payment of $12,000,00 for past services at the same time that it is organizing & pension system to prepare for the eventual retirement of younger employees. Mr, Adams told the meeting that resumption of dividends on the company’s common stock will have to await improvement in its cash position, elim-

. ination of existing bank loans, and

clarification of the taxation and ra-.

tioning outlook.

WAGON WHEAT

Up to the close,of the Chicago patie: today, 1 mills and

0|dr.;

ings showing a full decline; prime weighty

No sheep receipts; for the week: good |§ and choice native spring lambs closed 50

25 years old. The story said that two soldie

elevator jammed by a shot from a Jap plane. Their action allowed the bomber pilot to make a crash landing, saving the lives of all his men.

attended Butler several years ago,

teered for special duty while with the 113th observation squadron at Meridian, Miss. Enlisting in the national guard before the outbreak

guard when it was taken into federal service in 1941. he was on the promotion list and believes that he now is a sergeant.

” ” 8 Trains With Marines

In training today with the marine corps at Parris Island, S. C, is Pvt. Lester M. Warrenburg, 1722 Lockwood st. A former employee of the Indiana Home Oil Co. he entered the marines June 3. His wife, Helen, is the daughter of Mr. and Mrs. Thomas Worland, 547 Dorman st. EJ

Receives Commission

Conrad Ruckelshaus, 1240 Golden Hill dr, will leave within a few weeks to assume his duties as a lieutenant in the U. S. Naval Aviation Volunteer ‘Specialty corps. He received word several days ago that he had been granted a commission. Mr. Ruckelshaus is president of United Laundries.

= »

” »

Announce Selectees

Selective service headquarters today announced that the following men from boards 10 and 3 who]

have been inducted into the army: BOARD NO. 10—Byron Eugene Snider, 2049 N. Meridian st.; Kenneth Gedek, 3907 Camplin st.; Arthur Clayton Winburn, 1536 Churchman ave.; Marion Cash McCulley, 1142 Prospect st.; Hugh ‘Daniel Dorsey, 1547 E. Raymond st.; Harvey Russell Cunningham, 1840 E. Minnesota st.; Joseph Henry Hinshaw, 1646 Somerset ave.; Cecil Nation, 1632 E. Tabor st.; Wayne Howard Harrison, 1927 S. State ave.; Robert Claral Creque, 808 S. State ave.; Leslie Cleo Wright, 2162 8S. New Jersey st.; Carl Thomas Shearin, R. R. 8 Box 430B; Frank Gilbert Meyer, 2715 Barth ave. Carl Hancock, 1537 S. Randolph st.; James Lewis Snyder, 2251 E. Garfield Wayne Carson Needler, 2230 Union ave., and Arthur Victor Hall, 1320 N. Delaware st. Richard Alexander Watkins, 1214 Wade st.; James Stirman Coomes, 1606 E. Kelley st.; John Frank Reeves, 2356 Ringgold ave.; Sheried Ira Wanamaker, 1515 W. New York st.; Ray Driscoll, Beech Grove; Everett Harold Dotson, Houston , Tex.; William Patrick O’Brien, 1302 E. Raymond st.; Howard Emsley Manning, 1026 S. Randolph st.; Elmer Martin Linehan, 1132 Trowbridge st.; Norval Harold Binninger, 1203 Bradbury ave.; Frederick Claude Tucker, 1716 S. Randolph st.; Floyd Everett Peterman, 2019 Southeastern ave.; Roy Levi Binkley, 1443 Nelson st.; Bruno Herman Bredy, 607 E. Iowa st.; Leonard Foltz, 1318 Wade st.; Francis Colborn, 1210 Finley ave.; Shirley Dewayne White, 2339 Hoyt ave., Francis Meehan, 1323 Wade st. BOARD NO. 3: Francis Edward Turner III, 3611 ‘Washington blvd.; Paul Francis Raymann, 3466 Carrolton ave.; Charles William Vear, 3753 N. Meridian st.; Andrew Lloyd Weaver, R. R. 15, Box 713-M; David Neill McKinstray, 923 E. 34th st.; William Clifford Hannah, 3119 College ave.; Joseph Edward Rogers, 3528 E. Fall Creek blvd.; Harold Sayler Hershman, Brook, Ind., and Charles Edward Becker, South Bend. Also, Jesse Samuel DeVaney, 144 E. 30th st.; Wade Tozer Searles, 3452 Carrolton ave.; ; Eugene Bruce Williams, 4425 Ralston ave.; Earl C. Gibson, 3484 Birchwood ave.; Donald J. Fitzgerald,’ 4441 Washington blvd.; Norman Melbéurne Friedman, 4020 N. Pennsylvania: st.; Matthew Martin Baumer, 3046 Ruckle st.; Wendell Conrad Zink, 3930 Graceland ave.; Donald Hicks, 4529 Norwaldo ave.; Nerr Louis Ross, 32 E. 32nd st.; Joseph William. Seery, 2928 College ave., and Russell Raymond Dana, 4545 Marcy Lane,

Lieut. Chapman M. F. Schenk

LEFT—Lieut. Philip J. Chapman of Philadelphia, U. S. N. R., has been added to the officer personnel of the naval recruiting station here. In Philadelphia he was engaged in legal work for the Aetna Life Insurance Co. RIGHT—Michael F. Schenk, 25, son of Mrs. Earl Ruddle, 3752 W. Washington st., is attending the naval air training school at Jacksonville, Fla. He enlisted in Jan., 1942.

Advances in Rank

Clement M. Craig, son of Mr. and Mrs. A. Frank Craig, 1705 S. Delaware st., has been advanced to the rank of lieutenant junior grade in the U. S. naval reserve. He is a flying instructor at the navy’s air station at Corpus Christi, Tex. Lieut. Craig was graduated from Butler university and is a member of Sigma Delta Chi and the Lambda Chi Alpha fraternities.

” = =

Carl Dewey Patterson Jr.” 5692 Broadway ave., has been granted a commission as a second lieutenant in the field artillery following his graduation from the officers candidate school at Ft. Sill, Okla. He will be stationed at Camp Chaffee, Ark.

”

2 ® 2 , Cadet Willard B. Ransom, former assistant to the Indiana attorney general, will be granted a commission today as a second lieutenant in the army. He attended the chemical warfare service officer candidate school at Edgewood Arsenal, Md. He resided at 828 N. California st.

LOCAL PRODUCE

Heavy breed hens, full-feathered, 17%c; Leghorn hens, 14%c. Broilers, 2 lbs. and over; colored, 19c; white and barred rock, 20c; cocks, lic. Springers, 3 lbs. and over; colored, 22c; barred and white rock, 23c. All No. 2 poultry 3 cents less gio ss—Curfens receipts 54 oe. and up, Graded Eggs—Grade A, large, 33c; grade

Indian napolis eleverors paid $1.09 er bushel for fog 2] A, red’ wheat (other on theiy its). |

Mrs. Pryor said that her son, whol:

has been in Australia. He volun-|;

of war, Pvt. Pryor was with thej:

She said that|}

and Christopher i

‘Anderson; dissolution.

t aeditin, 31lc; grade A, small, 6c; no Beles, "Po

helped save the life of a bomber crew is her son, Francis Hubert hii

“Pryor and Tyler”—cut a hole m

the bottom of a U. S. bomber and tock turns holding a rod againsi 8 wm

Robert Lane Charles Graves

Two local brotheis-in-law are in training as apprentice seamen at Great Laked, 111, after enlist ing at the naval recruiting office here. They are Robert Lane (left), 23 years old, and his wife’s brother, Charles Graves (right), 21 years old, both of 3143 Indianapolis ave. EJ 2 2

Robert C. Boaz, son of Mr. and Mrs. O. H. Boaz, 915 N. Lesley ave., was graduated this week: from the U. S. naval air station at Core pus Christi, Tek., and received & commission as a second lieutenant.

8 o 8

Robert P. Barrett Paul L. Wilkerson

LEFT—The distinction of being honor man of his company has been awarded to Robert Paul Barrett of 270 Belle Vieu place, who is in training at the Great Lakes naval station. A former clerk in the state employment security division, he is a graduate of Cynthiana (Ind.) high school, His wife lives in Indianapolis. RIGHT—To Paul L. Wilkerson

guns at the Aberdeen proving grounds of the army in Maryland, Before entering the service he was employed as a machinist at the Shepherd & James machine shop here. He is the son of Mr. and Mrs. William J. Wilkerson, 806 N. Beville ave, and a graduate of Technical high school.

# o 2

Donald | %

James McNelis' George V. King

LEFT—Following a 10-day fure lough which he spent at his home, James McNelis has returned to Enid, Okla., where he is a member of the army. air base squadron. A former employee of the Banquet>Ice Cream Co., Pvt. McNelis is a brother of ‘Mrs. Art Clegg, 237 Detroit st. He is a graduate of Cathedral high school. RIGHT—Corp. George V. King is now attending the ordnance officers’ candidate school at the army’s Aberdeen proving grounds, - Maryland. A former chemist for the J. D. Adams Co., he received his early training at Scott field, Illinois. He is the son of Mr. and Mrs. George S. King, 238 E. Hoef= gen st. 2 » ”

Second Lieut. Paul E. Smiley, son of Mr. and Mrs. Lloyd E. Smiley, 2074 S. Belmont ave. has entered the armored force school Wheeled vehicle department. There he will be trained as @ technician in the armored division : of the army. ;

SEE 487 MILLION STATE CORN CROP

WASHINGTON, July 11 (U.P.) =~ —the agriculture department yese terday estimated 1942 corn produce tion at 2,627,823,000 bushels and wheat production at 904,288,000 bushels. Indiana corn was estimate ed at 487,600 000. . The crop board report of growing conditions on July 1 indicated & corn crop only slightly below the 2,672,541,000 bushels harvested last year.. Wheat production was slighte ly lower than the 1941 crop of 945,« 937,000 bushels, but was up sharply from the June forecast of 868,059, 000 bushels. The crop report said the indicated yield per acre on 89,048,000 acres 0 corn in cultivation on July % would average aproximately 29.4 b an acre. Farmers had 760 052,000 bushels of old corn on hand July The average production of all wheat was estimated at 17.9 bust an acre, one bushel an acre n than last year and 4.6 bushels abe the 1930-39 average.

Incorporations

Kemper Realty Co., 215 Fe ( st., Indianapolis; agent, Dudiey J. Bs BE NL out par value; Dat Emma H. Kem L Dudley, i

a i Kemper, Howard J. E. hk

WLLL el rsto ow, Water oom oe a. ssolution. American Cleaners and Dyers, -

e Coke Oven Co Maine poration; diana to

admi In struct De Reo e plants. New Yo

R. Bqu Sens, oration; certificate of reduction oy Quaker Pies, Jos. Soka 8. oF

Wilputt:

Bian e a I g alue; b to

Wayne; eles x “Weyme: e300 he re eles atone :

falls the job of repairing the