Indianapolis Times, Indianapolis, Marion County, 16 July 1942 — Page 19

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Aay Boost Income Tax

MARRIED--- NO CHILDREN

—ongress

ni PERSON

DOW-JONES STOCK AVERAGES "7 30 INDUSTRIALS terssesseensesass 108.98

MARRIED---TWO CHILDRI

Yesterday ‘| Week ago

40.17 +0.81

OPA Price Ceilings Threatening A:

No ld A AR A BS SE Ait 7)

‘Other Small Meat Packers Here &

rr—————— By ROGER BUDROW

AT THE SAME TIME

GEORGE HILGEMEIER JR.|*

was telling reportérs yesterday morning about his family’s -meat-packing company having to fold up because of price ceilings, 400 meat packers were meeting in Washington try-

ing to figure a way out of the j

jam they're in.

If a way isn’t found soon, other smaller Indianapolis

meat packers may fold up. The Stumpf brothers, who have|

In a packing house on S. Meridian st., just outside the city, are|A®

having a hard time, too. Stumpf’s deal only in pork, just as Hilgemeier’s did. They operate on a smaller scale, processing around 65000 hogs a year. But they can't make any profit, either, when they have to pay $15 for hogs at the stock ‘yards and then — after slaughtering and dressing them for sale — must sell them ‘on a $13 price ceiling basis. Stark & Wetzel, another local Roger Budrow packing house, was able to get by because, even though it lost money on pork, it could make it up on beef. Now beef is under price ceilings and Stark & Wetzel is losing on that, too. But this firm is optimistic about some#thing coming out of the blow-up in Washington and is hanging on for a change. w » # Incidentally, the small packers don’t blame Leon Henderson of the OPA so much as they do Claude Wickard who has a veto power over Henderson's rulings on farm products. » » »

These smaller packers are anxious to have the public realize that their going out of, business has a deeper effect on the community's economic life than just putting men out of work and closing up a few packing plants.” They say it will leave the farmer more at the mercy of the -buying whims of the large packers. ” ” "

NOSTALGIC NOTE: George Hilgemeier Jr. had some of the company’s bacon for breakfast yesterday morning, just before giving the press the ‘death notige.” “You know,” he said to reporters, “that was mighty good bacon. I don’t think it ever tasted so good.” Otherwise, he wasn’t bitter. His draft classification is 3-A for the present but the army quartermaster may give him a commission because of his long packing, cold-storage and banking experience—which the quartermaster corps could probably use very well. » » »

ONE PACKER here in town, discussing the OPA’s handling of the meat situation, said there is only one person in the OPA with mny packing experience.’ The in- : ference was that if the OPA had better-informed men from the Industry itself, such casualities * as the Hilgemeier concern would not have happened. t » » »

ANOTHER PACKER claimed it was the “big boys who put this price-ceiling thing over to squeeze out- the - little guy and take his profitable specialty business away.” Of course, he wouldn't “allow his name to be used. " ” »

COST-OF-LIVING in Indianapolis advanced 0.7 per cent during May, Conference board reports. "The increase here was 12th largest out “oT 67 cities surveyed. Fifteen showed decreases in cost of living. Anderson had an 0.6 per cent increase, Evansville a 0.4 per cent

increape. » » ”

' THE MONON, which is practically an “all-Indiana” railroad as far as its routes are concerned, has pulled out’of the red. First five months this year show

a $326,500 profit against only $5,800 |Mgdium—

profit in that period last year and a loss of $182,700 in the first five months of 1940. One mn: route comes up from Louisville, hitting the college towns of Bloomington, Greencastle, Crawordsville, Lafayette and terminating At Michigan City. The other route runs from Chicago to’ Indianapolis. The two lines cross af Monon, ~ ! Te 8 a 4 ODDS AND ENDS: Tile baths, once @ luxury for the rich, are

being installed: in war : workers’ '

homes because they save steel. . . . One paint concern will put its product in glass bottles, instead of critical tin. . . . Kansas City has put an embargo on free wheat shipments because "its storage space is full. , , . Louisville stores gre following: example of Indianapolis in staying open late Monday nights so war workers can shop. . . . In ‘a coal buying panic at Syracuse, N. Y., one householder ' ordered ‘coal from ree dealers. Trucks ar-

rived at the same time and the| two dealers left out threaten to sue the householder for waste of

es and truck.

DAILY PRICE INDEX|

NEW YORK, July 16 (U, P.).—

PRICES ON HOGS

$15 Is Highest Paid Here A As All Weights Share 10-Cent Gain.

Prices for hogs advanced 10 cents |B at the Indianapolis stockyards today to equal the 16-year high of $15, the agricultural marketing administration reported. The $15 top was paid for good to choice 220 to 230-pounders. ceipts included 5816 hogs, 620 cattle, 371 calves and 573 sheep,

HOGS (5816) Good to Choice— 120- 140 reg «oo. [email protected] [email protected]

300- 330 pounds . vous 330- 360 pounds ..ecceecenen Medium — 160- 200 pounds .. Packing Sows

Good -and Choice— 270- 300 pounds . 300- 330 pounds ... 330- 360 pounds ... 360- 400 pounds .. Good— 400- 450 pounds 450- 500 pounds Medium: 250- 550 pounds . Slaughter Pigs Medium and Good— 90- 120 pounds

CATTLE (620)

Slaughter Cattle & Calves Steers

[email protected] [email protected]

[email protected] 3 i Hed 05

: 1 15@18. 9

13.60 13.35

13.85 13.65

ssst00essscen

sescsessbnce

[email protected]

Choice— 700- 900 900-1100 1100-1300 1300-1500 Good— 200 900 00-1100 1300-1300 1300-1500 Medium— 700-1100 pounds ... 1100-1300 pounds Common— 700-1100 pounds

oes «313 [email protected] . [email protected] [email protected] [email protected]

pounds ... pounds pounds pounds .

pounds . pounds ... pounds pounds

«es [email protected] . [email protected] [email protected]

' [email protected]

essannsenne

Choice— 600- 800 pounds ... 800-1000 pounds Good— 600- 800 pounds ... 800-1000 pounds Medium — ne Soo pounds Com! 500-900. “pounds

Cows

[email protected] [email protected]

sevsssevssns

[email protected] [email protected]

10. 25@12. 50 9.00910.25

ssesssstscrne

(all weights)

Bulls (all weights) (Yearlings Excluded) riviera seerenenveeesis [email protected] 0, LEE 50 . nn

“CALVES (371)

Vealers (all weights) Good and choice Common and Saaum Cull (75 lbs. 1.50 Feeder & vcr Cattle & Calves

Steers

Choice— 500- 800 pounds J00-1050 pounds

500 "800 pounds .. 800- 1050 0 pounds Mediu 500-1000 pounds

iesssersesss 12:50@13:50 iieviinsy [email protected]

csessseness [email protected] 50@12

ceessasesesss [email protected] [email protected]

essssvssesees 11.

Calves (Steers)

Good and Choice— | 500 pounds down............ [email protected]

Medium— 500 pounds dOWn......:. wane W38i28 Calves (heifers) Good and Choice 500 pounds down............ [email protected]

500 pounds down............ SHEEP AND LAMBS (573)

Ewes (shorn) Good and choice..... Common and choice Spring Lambs Good and choice Medium and good Common :

$ 5.00@ 5.50 4.00@ 5.00

WAGON WHEAT

Up to the close of the Chicago.market today, Indianapolis flour mills and grain elevators paid $1.08 per bushel for No. 2 red wheat (other grades on their merits). . 1 yellow shelled corn was 8c r bushel and No. 2 white shelled corn, 88c; No. 3 white oats, 45¢, and No. 3 red oats, | H Sc

Telautograph Corp. 6 months end- |’ ed June 30 net profit $61,652 or 27

cents a share vs. $44,809 or 20 cents year ago.

Furnace Food

AT 16-YEAR TOPE.=*

Cannon Mills... J4isa1408 Ci

[email protected] co

Co vee [email protected]

. 10.00911.50| Gop

Fo. 12.50 HA

[email protected]| 5

rg stl

Anaconda Andes Co Armour Ill Asso Inv pf 97 tehisoh ...... 38% Atchison Pf... C Line

Re-| 3iion

Burroughs Butler Bros .... Butte Cop &

Cal Packing ... 18% 30% Carpenter Stl.. 24% ase J is

Case

74 Celanese 7 pr pf. 118 Cent Foundry.. 15 Cerro de Pasco. 3s Certain-teed .... 2Y% Cord 6 or ods 28ve s & Ohio . 31%

ar, Clev mn tin Pl.

Slimex I Cluett Peab ,.. Colgate-P-P ... Col & Aik .... Col Gas 6 pf A Col Pictures .. Col Carbon .... 74 Com Credit ... Com Inv Tr.... Com Solvents... Comwlth & So.

Cong-Nairn Cons Edison 1312 Cons Siison pt 89% Cons Film 15 Cons Film Bt. 7% Cons Oil .. 5% Cons Coal 6 Containér ..... 12%

3% t 237% Supweld 2 pt 49 Corn 52 Corn Torod ‘pt. 172% Crane Co Va

1034 Das

[email protected] | CT

eam Wht Crown Zeller. oe Crucible St

Curae We rg Cutler-Ham ...

Deere & Co . ere Deisel Det

1223

Di Dist 1 Douglas Aire ..

Dow Chem . Buoisn Silk ".. Du Pont

Du Pont pf..

..116 9% 12

East Kodak ...134% Eaton Mfg .... 30% Elec Boat .... 117%

49 . 53% 6 383s Ex-cell-0 ees 32%

Fed Dept St... Fid Phen........ Firestone T .

coo 17% Firestone pf A. Flintkote

99% 11

9Y2 a

g.. Freept-Sulphur., 2814 Gamewell Co ... 18% Gen Baking .... 4% Gen Cable ..... 2; Gen Cable A . 8%s Gen Electric ... 27% Gea Foods 32%, Gen Motors..... 393; Gen Motors pt. 1126

rInk .... 4Y% Gen Bu Cc pf. . 63 n Tel #1

Gr Bay . Greyhound Cp.. 0| Guant Sug ... 01 Gui Mob & O.

Gt North pf .. &W.. 80

Hack Wat eeve +3 Harb-Walk

® 20 : . 49%, Ve

Jones & Lgh . 20% ns & Lgh pf B 68%

-H A 1% Kelsey ts ayes a

13% Kim imberly Clk . 24%

ss 19%, Kroger G & B 2004

Laclede G .... Lane B!

14Y5 § 14% 37% 377

1 1 123%

38 22%

119s 99%;

67% °

26% 135 10 497%

—

203s 68%

tii FI HIEE

27%

. . . .

Sans pps i FRU

HLL]

t+ EF]

* | Yesterday.

Year ago .

Week ago . Month 880 ......e0es Year 880 .....ccc000n

Yesterday

Year ago

3 Month age esssvsssnasecene 103.70 crevasses 12713 High, 1942, 114.22; low, 922.92. High, 1041, 133.50; low. 106.34. » BANBOADS vesessesarsannene 25.80 .s 23.56 «oe 29.41 High, 1942, 29.01; low, 28.51, High, 1941, 30.88; low, 24.25. B_UTHINES . sarenesaranadesnes 11.98 Week 880 ....cocessessseses 12.18 Month 880 <.ccccsnvesssssss 12.13 viva veer ey .. 18.53 —0. High, 1942, 14.94; low, 10.58. High, 1941, 20.65; low, 13.51.

tases

=—0.59 =0.69

dagacaqdaa F nnunnnnlonn

Tob pf... n. Siores A oa 15a : —V— sane. IT 17. | coe 13 6 pf.. 35% pf. 1

Bbadiui Va Caro ¢ Ch Va-Caro 6 Va. I¢

hme Benen a

CR ge

High tf... 13%

Nash-Kely ....

Nat Au Fib pi. Nat Biscuit Nat D

7 o Amn Avn .. 11% No Pacific .... 5%

Ohio Oil Oliver Farm Eq 247% Otis Elev 13% Outbd Marine. 22% Owens Ill Glass 50%

& G.... 9% Serv 8 pf... a

& Bullmant

SIE) +1 +] : oe A ES iis

- . .

Saefway “a St Jos Lead . St 1-8 Fran .. Savage Arms . Scott Pap .. Seab’d Air L . Seab’'d Oil .... Sears Roebuck. Servel Sharon su pi .

xX . T hompion Pr. de W A Oil. imk-D AX... mken R B... Transamerica . [rans & W An Truax Tra 20th “cen Fox..

36%

Un Air Lines .. 12% Un Biscuit .... 14%

8S Gypsum... S U 8 Ind Alcohol 29%

unit of Nation Dealer

Stocks

Selt RR Stk Yds com 3elt RR Stk Yds s ptd

bs-Merr:

Circle Theaser Hook Dru

Indbls Par, © Indpls Water o% pid. Indpls

American Loan Ss

4| Ame:

Cent Newspa) a

Fin 55 Crabi-Reynolds-Tavior 5 e T&8 Fh Wayne

Home T&T Pt Wa, oc Tel Cod os

al Associat!

obbs-Merrill i pid.

Last Change | White: + wile

18% 101

11% 5%

% 24Y 13% 22% 50%

36 Ya 8

53 29%

Net

—_ 1%

8 2| Yale & T. .....

3 Young Stl Dr.. 8%

RCA

Wilson & Co = Woolworth .... | Wrigley “ J...

Jer

epreyey ara Gd Ra wt IER Lah hase 2 at add ee BE - ak w

53 -—Y— 19% “16%: 11% 11%: . 329, 3s

Yellow Tr ..... Young “Sheet —Z— || Zemin ‘Rad ... 14% 143%

EE ——————————— 5 ———

STOCKS LED DOWN BY ‘LITTLE STEEL

NEW YORK, July 16 (U. P).— | Stocks slipped irregularly lower in very Quiet dealings today under the lead of steel shares. | || Inland Steel lost | 3 point and Jones © & Laughlin, | Youngstown Sheet, National Steel, and Crucible Steel scored fractional losses. Bethlehem was down 14 after an earlier}.

14%

3 | wider loss and U. s. Steel and Re- . | public rallied to % point gains.

The downturn in tlie “little steel” shares was attributed ‘to the war

= sgl|labor board decision giving steel

workers 44 cents of a $.-a-day wage increase they sought. ‘Chrysler and - Gereral Motors

‘1, {held within a 3 point range below

- a War at

»N

[+++] Fan

Bah sie o's oo ee * phe 0 0

L141:

¥s|of Bolivia's rubber exce pt

. tion of Bolivia for

the previous close, 11d moderate declines also were regisiered by aircrafts, coppers, air lin: issues, rubbers, oils and merchaiicising shares. Rails held fairly sterdy, close to yesterday's finals, | s finals.

BOLIVIA'S RUBBER

WASHINGTON, July 16 (U.P.).— Virtually the entire rubber producithe next five years will be purcliased by the

*|United States under sn agreement

announced today by the state department. The Rubber Reserve Co. will spend. $2,125,000 in c¢zveloping Bolivia’s rubber resources under the agreement. The United States will obtain all

that re-

s |quired for essential domestic uses

*lof 250 tons which isi to be retained by Bolivia for export. to neighboring countries, | The Bolivian agipament is the sixth under the Am rican program

alto increase rubber resources in the

Westgrn Hemispher:| . The other agreements are with ‘Brazil, Peru, Nicaragua, Costa Rica, and Co-

.<+._ | lombia. 4

-—¥ — %

+n — + Y

CHICAGO LIVESTOCK

Hogs—Receipts, 13,000; sieady to 10 cents i | lower; most decline on Freights under 240 lbs.; market closing fairiv active and gen-

% | erally steady on weighfs over. 240 1bs.:

at 270 ; good and Does 180-240

. on, so; a4 .85; sparingly; 240-270 bs., 14/7 270-330 1bs., [email protected]; rs 180 ie $14.25@14. 65; sows, 10 cents’ lower; cood 400-550. 1bs., $13.25@13. 65; good and choice sows under 400 bs., to $1 3.90. Sheep—Receipts, 1000 late Wednesday: Spring lambs generally stzady, but top 10 cents higher at $14.50 for best natives; Piher good and choice lots, largely $14@ 14.25, with common aa medium, $12@ 13.50, and plain Shrow ‘outs around $11; yearlings’ negligible; fev’ fat ewes, $4. 50@ .00. Today's trade: Market on native spring lambs ‘not fully Sstablished; some early bids about steady, ¢ 114@ 14.25 for good and choice kinds held ub to around $14.50; fat 91-lb. shorn Califeriia spring lam bs with mostly No. 1 pelld, $13.85; few fat ewes, [email protected]. Catt Rais, 5000; calves, receipts, 800; general market act: ve; fed steers and yearlings strong to 15 canis higher; heifers Strong; largely steer run; bulk, 5@ 14.00; top, 5 paid ‘or average ina light steers i) long yesrling type; several loads, [email protected], inostly medium weights ny el gteers; shipper demand sontinuing broad for all fed sleers Sealing 1260 lbs. weird; fed heifer $1 335; pill, $12. 75¢ 21 20; cutter co $8.50 do own, not man e $8.40; most

weights over 248 lbs. anc especialy lbs. very uneve $14.65@14.

— 1, | fat cows, $8.75@9. ud pis tical top weighty

LOCAL ISSUES

Nominal uations furnished by local ion of Securities

Bid

aseesesse 51

Comwlth Loan 8% 5% o pid Trees a

Algers Wins'w ns RE 4748 oo. 33

Ch of Com z Co 4128 5 . Citizens Ind FY ys el ..

eis 43....103 70. cai +108

Water Class A com. ees 14% Co 3

p | natural ’ elements—:arth,-

4 i rv s.108% $8...104%

7% — % 3

sausage bulls, $11.75; lig! weight bulls, $9. Sao) 505 dians, $10.90; vealers stock cattle very scarce.

OTHER LIV ESTOCK

FT. WAYNE, oa 18 |. ale He Steady 4 highe Er,

and medium 500-1b. Canaactive, [email protected];

5 -160 5; 1302 eo ig ’ $15. 79; 100-130 Toe. Roughs, $13.25; stags. L811. 50; calves, $14;

lam $13.50; yearlitas. $8.50 @11.50; ewes,

CINCINNATI, July 1. ) = Receipts, 1575; athe active, over 160 1lbs., 10 certs higher, lighter weights 15 cents higher; sows, steady; 10, highest pricz paid in. over this was for ii

|.»

. $14. 50;

.25, Cattle “Revels, 575; 250; offerings - limited; good and oh Dies 783-1b, heifers, $13; coirmon hg ID um steers and heifers, type, down to $8; coninon 2nd ‘medium £Ows, [email protected]; ° few cows, to, [email protected]; on and medium bulls, '[email protected]" top, $14.50; good and o common and me10@13; culls, $7.50 down. Sheep eceipts, 1300: springers steady, down; good and choice, $13.75@ des comon and medium, [email protected]; culls, down to $8; fit slaughter ewes, $5 down; -Sountry graded ficoteq lambs, choice at” $15.25; good, p1480,

: WRONG ON /.1L FOUR FOUR iy The great lexicographer, Samuel Johnson, recogniz:d. only "foun air,” and ‘water—and ‘Wes | wrong on all four.

+ there and an additignal maximum |

300d sows, $12.50 Recei Saives— feceints: N

[email protected]; ire Pu

Man making $1500

[Man making $2500|

now pays $69, may pay $181

Man making $

now pays $90, may pay $232

now pays $58, may pay $172

$500

$100

- $50:

12 15 2 so] 2

2 2. 10 _ Income in Thousands of Dollars]

Income in ZF hodsands of W lon

2. 5 10

5 50° _} Income in Thousands of Dollars’

Charts compare present income a with what U. S. wage-earners may be paying: next: year under new Schedules approved by the house” ways and means committee.:

GRAINS LOWER ON GHIGAGO MARKET

CHICAGO, July 16 (U. P.).—Reports of renewed government moves against inflation and the possibility that the administration would stand pat against 100 per cent parity

loans in farm legislation induced]

selling of grain futures in early dealings on the board of ‘trade today. At the end of the first hour wheat was % to 1 ool a bisghel lower, Sn and oats ? s lower, rye ff 5% and or fen OE er wheat lost 3% from yesterday's $1.19%, July corn declined % to 88%, the current oats contract dropped % below yesterday's 49%, and July rye slipped 5% below yesterday’s 68%. July soybeans were unchanged at $1.75%.

GRAIN SHIPMENTS T0 CHICAGO LIMITED

CHICAGO, July 16 (U. P).—A 2,000,000-bushel surplus of grain arrivals over available storage facilities today forced the grain storage committee of the. Chicago Board of Trade to issue an embargo requiring permits on shipments of

free grain from western markets except those in Illinois, Iowa, Indiana, Minnesota and Wisconsin. The. order extended a previous embargo against shipments here of storage grain. Free grain is cash grain not intended for storage. Eastern states were not included in the embargo because there are no large - shipments here from that area. ae Tog J. 8S. Brown, chairmgn of the permit committee, said Chicago has been able to handle free grain up to the present time and hopes through use of the permit system to be able to keep the market available. for producers in Midwestern states. The order went into’ effect immediately.

STATE FARM PRICE INDEX TURNS LOWER

LAFAYETTE, July 16 (U. P.).— Indiana’s farm commodity price index dipped 1.8 points between April 15 and June 15 as farm prices continued a gradual decline, the Purdue university statistical department ,| announced today. The June 15 index, latest available, was 153.8, based on 1910-14 prices with 100 as a base. Prices of 17 Hoosier farm commodities either remained the same

exception of eggs, lambs and hogs, the report said. The June 15 index of purchasing

.| power of the nation’s farm products ~|was 99, while that of the Indiana

farm products was 101, both bas on 1910-14, Both were a point lower than a month ago.

U. S. STATEMENT

WASHINGTON, July 16 (U. P.).—Govent expenses and receipts for the curfent- fiscal Year, Sago: July 14 com-

pared with a y Expenses. . $760,068,042.29 439,565, 290. 3 198,508,328.

'113

ern

or were on the downgrade with the

285 Boys Leave Chicago for Farms

CHICAGO, July 16 (U. P)— Two hundred eighty-five boys will leave this week for farms in Illinois, Indiana and Michigan to begin © “summer vacations” of work and play under a U. S. em-

ployment. service program to relieve the acute farm labor shortage, Cheser W. Hepler, director of the Illinois bureau, said today. The youths will join 1000 ofhers. already dispatched to farms and camps, Mr. Hepler said. The bureau will attempt to place a total of 4000. } So the boys may be properly adjusted from city life to their new environment, an advisory council composed of Boy Scout leaders, board of education representatives, C. Y. O. members and members of the Union League club and other organizations has been set up. Its chief function will be. to make certain the youths are properly housed and supervised while away from home. The boys will cultivate corn and other crops, pick berries and perform various minor chores, Mr. Hepler said, and he added that they neither will suffer from overwork or lack of care.

WHOLESALE FOOD PRICES AT RECORD

The general level of wholesale food prices inthe. week ended July 14

equaled the 16-year peak set in the week ended May 19, Dun & Bradstreet, Inc., reported today. The company’s index of 31 food commodities in general use rose to $3,69, the highest since June °10, 1926, from $3.68 in the previous week and $3.09 in the year-ago period. . Price ‘increases were shown by flour, wheat, corn, oats, rye, butter, cheese, eggs, steers and hogs, while declines were recorded by barley, potatoes, sheep and lambs.

Incorporations

Commercial Bax & Trust Co., Union City, dissolutio: Janalene Paioyees’ Credit Union, Indianapolis, dissolution Union Savings cotigtion of New Albany, amendment increasing capital stock to 20,000 shares of $100 Jar elue. . Newburgh Building, Loa Sav ines AsEnterprise Founry & Fencaii 11111sd Sociauion, ns, Lo amendment of articles of incorporation Patton Park, Inc, Martinsville, amend-~ ment of articles of incorporation. Indianapolis Terra Cotta Co., Inc., Indianapolis, dissolution. Enterprise Foundry & Fence Co., Indiangpolis, dissolution. Pantry Shelf, ‘Inc. 502° N. Illinois st., Indianapolis; no capital stock; to furnish suppers to soldiers, sailors and marines; Hortense Burpee, Joseph E. Cain, Cornelius O. Alig, Fred Appel, Geneva Stout and Jackiel Sv. Joseph. Elliott-Schulz Co., Wisconsin corporation, admitted to Indiana to engage in general Bustness. heating and air conditioning siness

NEW YORK, July 16 (U. P.)—|

RAF RAIDS EASE SHIPPING PERIL

Incessant Bombings Cut Hitler Striking Power

In Submarines.

LONDON, July 16 (U. P.).—Offie cial sources said today that the sustained attacks of the royal aif force on German submarine ‘bases

were intended to relieve the critical allied shipping situation, particis larly in American waters. HEE The United States now has repre= sentation at the R. A. F., conferences which select various targets—such as’ Bremen and Danzig—for strong aerial attacks, it was understood. ! These attacks were described: as “most useful” in gradually reducing Germany’s submarine strength and as of greatest importance because Hitler is said to be making a tre= mendous effort - to intensify ‘his U-boat warfare. Official circles said that the R. A. F. was striking at U-boats in four ways: 1. Bombing such bases at St, Nas zaire, Nantes and Lorient on the :

‘| French coast, which are advance

bases. 2. Bombing slipways such as Wile helmshaven, Kiel, Rostock and Em= 4 den, which cuts down construction. 3. Bombing German factories that produce U-boat engines and other: parts. 4, Mining enemy waters and thus interrupting the .training of “new Crews. *¥

BUSINESS AT A GLANCE

By UNITED PRESS Endicott-Johnson Corp. 52 weeks ended May 30 net income $2,310,360 after all -charges, including reserva of $600,000 for possible future des: cline in ‘hide prices vs. $2 342,243 previous year. 3% Louisville Gas & Electric Ces (Kentucky) 12 months ended May 31 net income $2,919,837 vs. $2,798,» 806 previous 12 months.® Pacific Telephone & Telegraph Co., excluding subsidiaries, first five months this year - $9,844,656 vs. $7,884,946 year ago; May net income $1,990,790 v8. $1,586,688 year ago. Radiomarine Corp. first five months this year net income $83, 3 vs. $170,665 year ago. .-

a JEWELR

L. WEST pak 0%

RE-WEAVING

of MOTH HOLES—BURNT « or WORN SPOTS

LEON TAILORING CO.

235 Mass Ave. “oF Block

To Keep Valuables Safe Rent a Safe Deposit Box at

“ww THE % = INDIANA NATIONAL BANK

. of Indianapolis

4 884 1545. 15 2

INDIANAPOLIS Clearings Debits

CLEARING HOUSE +e 8 6,676,500 17,890,000

-GET CASH IMMEDIATELY -

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

- LIVINGSTON'S

129 W. Washington St.

mtn

BUSINESS EDUCATION

= Strong pocounting, j Bookkeeping, ; c an | fien nd evening sessions. Lincoln 8337. Fred W. Case, principal,

Central Business: ‘College ‘

hitects and Builders Buil : 3. Are! Ivania & Vermont Sis... ht]

A SAFE DEPOSIT IS LOW. COST : BOX Different RAN CE "$3 to $100 a Year

Meniber Federal Deposit. urance Corp.

Security Trust Co.

130 E. Washington _ .

Of La VENTER

Dun & Bradstreet’s daily weighted |! price index of 30 basic commadities, | . compiled for United Press (1930-32 average equals 100): 3 : Yesterday S4esasassestisssey 167.56 Week lsanncessasnnsnansee 157.63 Month | cates bosses ss tees Tosn} A ear Ago sanssnsnansnassssens 139: > a cessssassss 108.3411 1942 Low (Jan.-2) des bil 151.54

fri——————

Ys 49... 97 50....599. 1 58 65....104%- i

69.......107

9% an Goi oi. "LOTS OF COTTON _ Normal world “oitiput of cotton is approximately five times that of wool, 140 times. that of silk, 60 times that of rayon and nine times that

Sesser

UW 7 172%, LH oi 6 AT OUR USUAL i LOW PRICES

an RN

Td |

“ee 3 L-0-F Glass . &

oe Bel iti 1732 | Loekha' or! jloew's ........ 41% Lorillard pf 139% 301 Lou G&E' Ln 4 14

Lou & Nash... 64

. ILLINOIS AND OHIO 37, Open to 7 F. M—Sat. to 10 P. M.

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