Indianapolis Times, Indianapolis, Marion County, 22 July 1942 — Page 8
PAGE 8. THE INDIANAPOLIS. TIMES _
MATERIALS CRISIS TO
HIGGINS CLOSING [im ONLY BEGINNING’
WPB Officials Explain Curtailments Will Be Necessary Because Production Is ‘Out of Balance,” but There
Is ‘No Reason for Alarm.’
By JOHN F. CRAMER Times Special Writer
WASHINGTON, July 22.—The war production board’s order halting construction of the Higgins shipyard in New Orleans is only the beginning of many similar orders affecting war plants, high WPB officials said today. They added, however, that there was no reason for puhlic alarm. . In the next 90 days, they said, a sharp but temporary crisis in the flow of raw materials probably will force the closing of many plants and curtailment in others.
nderstood, he closures Unless the reason is clearly unde t Andrew Jackson Higgins, New Orleans shipbuilder whose contract for 200 Liberty cargo ships probably will dismay the country. canceled, confers with Louisiana congressmen after announcement that the house would open an The explanation, however, is Simple: Ameren S war quiry into the case. (Left to right) Rep. Edward Herbert, Mr. Higgins, Rep. Hale Boggs and Rep. James
eS ba ow en DE AN 9 PROBES —— re IN HIGGINS CASE— > oo ee =
necessary to do what Donald M. Nelson calls “pulling it into Sie: Low DOW-JONES STOCK AVERAGES 80 INDUSTRIALS
balance.” Or, as Robert Nathan, Mr. NelAdams Exp Yesterday «..ccceccceccceses 108.36 Week AZO ..cccceessssscecss 108.89
son’s “brain trust” and planner, puis : it: “It boils down to this—we don’ . ie an aes Axis Sinking Ships Faster oT 34 % Month AgO :.ceeesccsescesss 102.67 4 Year Ago ...cs.. vissserneese 139.16
want pants without seats in them.” Ai gn a4 4 . 4 A Alleg Rud stl. 11% 17% Than We Can Build Them, 137 High, 1942, 114.22; low, 92.92. High, 1941, 133.59; low, 106.34,
So drastic is the readjustment Allied Chem 3% WSA Reveals. a
WEDNESDAY, JULY 22,
PLANTS BUSINESS )
Curtiss-Wright and Allison Using Concrete. and Wood -in Plants. Here
— By ROGER BUDROW
TWO NEW ‘WAR PLANTS GOING UP HERE are ample evidence of the steel shortage. Curtiss-W right’s new propeller plant and Allison’s new plant southwest of the city are being built without using steel girders once thought absolutely essential in such construction. Curtiss-Wright says its concrete factory can be built more rapidly than can a similar plant using steel or wood. Moreover, enough steel is saved in every 2,000,000 square feet of floor space to build a navy cruiser. That's from Myron B. Gordon, Curtiss-Wright general manager. :
GRAIN FUTURES HOLD iis, ibs ies STEADY -AT CHICAGO
Kahn, famed industrial architect, CHICAGO, July 22 (U. P.)—
and a New Jersey construction Grain. futures confinued steady to
company that is in charge of building another , Curtiss-Wright plant “somewhere firm in light early dealings on the in New Jersey.” board of trade today. Soybeans Allison uses were’ lower. concrete pillars Wheat was % to % cent a bushel in place of steel higher at the end of the first hour; in its new plant. corn, oats and rye unchanged to Brick and con- % higher, and soybeans % to % crete blocks do lower. the rest. The July wheat was up % at $1.17, roof, however, is corn unchanged to 4 higher than yesterday's split close of 88%. @3%:; oats -inactive at 47%, and rye unchanged ' at 66%. July soybeans lost 7% -cent net from yesterday’s
HOG PRICES AT NEW HIGH HERE
Top Hits $15.15 on 15‘Cent Advance; 4666 Pork-
ers Are Received.
. Hog prices reached a new 16-year high at the Indianapolis stockyards today, according to the agricultural marketing administration. A 15-cent advance boosted the top to $15.15 for good to: choice 220 to
230-pounders. Prices on sows were 10 cents higher than yesterday and vealers were steady with a $15 top. Receipts today included 4666 hogs, 956 cattle, 530 calves and 1714 sheep.
HOGS (4666)
eee0ecccstse sse000seasce ese0csccccce eecesss000oe ees000nssccs
teseeeresane [email protected]
dium— 160- 200 pounds Packing Sows Good and Choice— 270- 300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds
. [email protected] [email protected] [email protected] [email protected]
[email protected] Reger Budrow
+r ¢ j= un 2 kd [email protected]
450- 550 pounds
Medium: . 250- 550 pounds ...eee..s... [email protected]
5 : Slaughter Pigs Medium and Good— 90- 120 pounds
CATTLE (956)
Slaughter Cattle & Calves Steers *
Net ececcosccsce Last Change High Port Rs Sd pf: +188 5S a
i ve Pere Marquette Pere Marg pf.. Pere Mq pr pf.. Pfeiffer Brew .. Phelps Dodge .. Phillips Pet ....
+0.38| P. +0.17 0.36 —0.42
6% 6% + %
17% coos 34Y
+ +
179 . 136% =1 58 «eee 25%
17% 15-16
Because the sand, stone, gravel and cement for constructing these buildings is plentiful and is availe able in practically all sections the country, greater speed in c
made of wood ine [email protected] close of $1.75%.
stead of the usual steel beams. - The Trelaxation of the Kansas
ahead that Mr. Nelson probably will {ssue a statement in the next two Allied Stores .. : weeks to allay the consternation Yn
that may seize the public if it mis- :
understands the shutdowns. Already, in addition to the order
WASHINGTON, July 22 (U. P.). —Chairman Harry S. Truman (D.
B+
— Yesterday ...... 7
Ya
Month AZO .cesevsscccsces Year: Ago ...... “ese
25.87 25.69 23.51 30.30
Plymouth Oil . Postal Tel pf..
Choic 700- 900 pounds
1100-1300 pounds
900-1100 pounds .
secsc0s0ccene
City embargo on shipments of cash wheat, after a significant drop-off in cash wheat movements in the
struction is possible. Curtiss= Wright also adds that it is much cheaper than using steel.
Mo.) announced today that the senate committee investigating the war ‘program will begin a threeway inquiry next Tuesday into the feasibility of building cargo-carry-ing airplafes, cancellation of the Higgins ship contracts, and the steel shortage. Senator Truman said that Andrew Jackson Higgins, New Orleans shipbuilder, and officials of the maritime commission would be “heard wit hrespect to the Higgins ship- 2 yard and the cancellation of its contracts” for 200 Liberty ships. The inquiry into the Higgins situation -is ‘the second projected by a A congressional committee. A house merchant marine subcommittee may begin its investigation later this week. Prior to Senator Truman’s decision to investigate the Higgins matter, the war shipping administration, in a special announcement, revealed that axis submarines are A sinking united nation ships faster than they can be built,
Total Is 415
An unofficial compilation of announced sinkings in the western Atlantic' area since’ January reached 415 last night with announcement yesterday of “four ‘more submarine victims. That compilation also showed that nine of the ships announced as sunk, went down during the week of July 12—six off the Atlantic coast and one each in the Caribbean,” Gulf of Mexico and south Atlantic areas. There is the possibility that others sunk that In essence, officials say, the new|week have not yet been announced. situation is this: Because of the high rate of sinkAmerica’s war plant has grown $0|ings, the WSA said it has decided rapidly that there is no ‘longer|to ‘limit shipping space to “cargo enough raw material to keep all|essential to the prosecution of the Burlington M. 17% plants going full tilt: all the time.|war” and that the rule would apply|Burroughs _... 87 There is not enough raw material|to imports and exports. President Bush Term A to build an. unlimited - supply of Roosevelt and Prime Minister Win- Butler Bros «= 32 everything. ston Churchill recently announced —C— More specifically, the reasons for|that virtually all American gifts to Callahan Zinc.. % Jarvis Co — 6% the coming “balancing” process|British civilians would be stopped|Calumet & H.. 6% Jewel Tea p.. break down something like this: because of the shipping crisis. hig Reasons Given The WSA order is expected to
Ys Ya Ya Ys
One of the other major war plants now abuilding here, E. C. Atkins’ Fall Creek ordnance plant, is being built with large quantities of steel. This may be because a factory for making armor plate necessarily must be of different construction than plants for make ing airplane engines or propellers. 8 8 = HOT WEATHER helped set a new record for consumption of electric power in this area last week. Indianapolis Power & Light Co. output hit 16,502,000 kilowatt= hours, exceeding the record set during the short daylight weeks of last December, Biggest reason for this all-time record, of course, is greater use of electric power by expanded war industries here. But the small extra margin which pushed consumption ahead of the old record was caused by the temperature and turning on of air-condition ing units.
. - : LS 8. Bp ap ‘ODDS AND ENDS: Southef {Pacific railroad claims govern r attempt to obtain track workers in this country is a flop, asks fo import them from Mexico. , . . Carnegie-Illinois = Steel Corp. ree covered 4825 tons of scrap from its slag dumps in the Pittsburgh district last month. . . , Servel’s 25-cent dividend "will be paid Sept. 1. . ... “Black lights” have been devloped that enable pilots to read instrument panels in the dark, without glare, by using fluorescent dials. . . . Machinety made idle by war curtailments is being shipped to South America where it will make goods formerly made here and shipped there.
DAILY PRICE INDEX
NEW YORK, July 22 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodi= ties, compiled for the United Press (1930-32 average equals 100):
cancelling the Higgins ship “con= tract, there have been several other indicdtions of the growing raw-ma= terials crisis. Chevrolet war-production plants in Michigan have closed down until ‘mid-August,
Many Now Closed
Detroit is full of stories of war plants working only one or two shifts instead of three. Admiral Emory S. Land, chairman of the maritime commission, has indicated probable reduction of ‘the originally scheduled shipbuilding program at the huge Henry J. ‘Kaiser yards in Portland, Ore. And quite 4 few small plants have had to close or curtail. “The most important single word in our vocabulary for a long time to come is going to be ‘balance,’” Mr. Nathan told a press conference in Detroit last week. Obtaining balance, WPB officials say, requires that in the next three months these things must happen: ‘Plans’ for some plants probably will be abandoned altogether, as Mr. Nelson has indicated.
May Abandon, Some . . Others probably will be forced to slow down—to swing over, for instance, from a three-shift basis to a one-shift basis. Still others probably will be required to suspend work altogether for. a short time. And some plants may even be abandoned outright or converted to other types of war production.
1300-1500 pounds [email protected]
Good— 700- 900 pounds 900-1100 pounds . 1100-1300 pounds 1300-1500 pounds Medium— 700-1100 pounds 1100- 13% pounds
Southwest, contributed to lighter hedging of wheat futures.
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities
Dealers. Stocks Belt RR Stk Yds com .
High, 1942, 29.01; low. 23.31. High, 1941, 30.88; low. 24.25.
15 UTILITIES
Ya Cor&Fdy. "e241, Car&Fdy.. 60% Chain & c. 17Y, Crys Sug .. 16% Am Enc Til 8 Am&FPwWr $7 pt 25% Am Hide & L.. 2% Am Loco ... Am Loco pf . Am Mch&Met. . Am News .... Am P&L 6 pf... Am P&L 5 pf A 15 Am Rad & SS 4% Am Roll M cv pf 56% Am Safe Raz... 6%
. [email protected] FEY [email protected]
ee0ccccccocce
r Pub Serv. 6 pt.. ‘ esecesssscene . Pullman Ys Pure Oil ..eveee
is Yesterday
Week AZO ..cceovevescencces Month AZO ..cccvcocsccceses Year Ago High, 1942, 14.94; low, 10.58. High, 1941, 20.65; low, 13.51.
[email protected] | [email protected]
cee secsessvcccon
Com 700-1100 ) pounds
Heifers
or ow ELE EL
Choice— 600- 800 pounds 800-1000 pounds Good— 600- 800 pounds 800-1000 pounds
Medium— * 500- 900 pounds
Common— 500-900 pounds -.. (all weignts) [email protected]
[email protected] [email protected]
High 4% 3 7% 27
Low 4%
-3 7%
Net Last Changs 4% . 3 7% 267% 32% 81 392 13% 3-16
Revere 5% yn Met ..... Reyn Tob -B... Ruberoid 1
Comwlth Loan 5% pid. . Hook Drug Co co
Baking ... 12V2 Home T&T Gt Wayne 7% pfd 1
Bronze .. Cahle A... Electric .. Foods ..... Mills Motors Precision. .
[email protected] [email protected]
eeo0sescssce ee000e0coc0e
+ 34% 5 pi’ (105% 105% 27% 27%
seeeess0cscoe
Int Hydro Elec 7% pfd...... Ind Gen Serv 6% pfd ......103 Indpls P&L 5%2% pfd ..cecces « 934 Indpls P&L com . Indpls Water 5% Indpls Water Class A com.... Lincoln Loan Co.5%% pfd.... Lincoln Nat Life Ins com .... 2 N Ind Pub Serv 5%2% pid. eee N Ind Pub Serv 6% Dp 8 N Ind Pub Serv 7% "pid. Progress Laundry com . Pub Serv of Ind 5% pid. cssnee Pub Serv of Ind Inc COM.ceses *So Ind ox La% pfd Union Title scessssess United Tel oo 55% "ord escocans Van Camp Milk pfd .cceeesees Van Camp Milk COM ececoseoes 11 Bonds
Algers Wins'w wy RR 4%8 . cose American loan & 5.51 . 96 American Loan oe Cent Newspaper. Sree 42-51.. CH: of Com Bldg Co. 4%s 51.. Citizens Ina Tel 4%s 61 Consol Fin 5s 50 Crabb-Reynolds-Taylor 4s 82 Home T&8 Fh Wayne Shas 55. 1: Home T&T Ft Wayne 5s 43....103 Ind Assoc, Tel Co 32s 70.. Indpls P&L 3Vis 70 Indpls Railway Co 5s 67.. Indpls Water Co 32s 68.. Kokomo Water Works 5s 58. Kuhner Packing Co 4%s 10.. Morris 5&10 Stores: 5s 50.. 19 Muncie Water Works 5s 65.. .ee N Ind Pub Serv 3%s 69 N Ind Tel 4%s 5s 6 Pub Serv of Ind 4s 69 ........108 Pub Tel 4%s 55 99 Richmond Water Works 5s 57.105 Trac Term Corp 5s 67 8 *Ex-Dividend.
LOCAL PRODUCE
Heavy breed hens, full-feathered, 17%c; Leghorn hens, 14%ec. Broilers, 2 lbs and over; colored, 18c; white and barred rock, ‘19c; cocks, 1lc. Springers, 3 lbs. and over: colored, 21c; barred and white rock, All No. 2 poultry 3 ee less. Eggs—Current receipts 54 Ibs, and up,
TYzc. Graded Eggs—Grade A, large, 33c; grade A, medium, 3lc; grade ‘A, small, 36¢; no
grade, 26c¢. 1, ogc No. 2, 30
Butter—No. 38%c; Cbuttertat, No. 36c; No. 2, 3
A pf.. Am Woolen pf.. Am Zinc ...... Anaconda ..... 3032 Arch-Dan-M ... 30} Armour Del pf. [109% Armour Ill . Arm Ill pr ‘pf.. 54% Armstrong Ck.. 28 Asso Dry Gds.
Siete $5 of . 2 | Glidden
Goodrich 8| Goodyear ...... 18 Gotham Hos ..
Grand Union .. Gt North pf Gt West Sug .. Green HL .... Greyhound Cp. 12 12%, 1! Gulf Mob & Oh ‘Gu M & O pL 28% 25%
6. 25@ 1. 5 Bulls (all weights) (Yearlings Excluded) Beef— Good tevessssessssssscsssess [email protected] . [email protected] 9.50@10. 75 8 50@ 9.50
otter and common °. CALVES (530)
Vealers (all weights)
Good and choice [email protected] 34 | Common and medium 1. [email protected] Cull (76 lbs. up) 7.50@ 10.00 Feeder & “Stocker Cattle & Calves
Steers Cho!
ice— .500- %00 rounds tiesssssss [email protected] 800- 1050 pounds ccecssccsscs [email protected]
Good~—500- 800 pounds vesssssssesse [email protected] "dl pounds eecescsscses [email protected] ed Ar-1000 3 pounds ccesessescess [email protected] om! 500- 900 POUNAS eccveccescesss [email protected] Calves (Steers)
Good and Choice— 500 pounds dOWN eeececcccee [email protected] ... [email protected]
Medium: 500 pounds down. [RN Calves (heifers) Good and Choice—
500 pounds down ....ccceene . [email protected]
4 Medium— 500 pounds down [email protected]
SHEEP AND LAMBS (1714)
Ewes (shorn) Good and choice..... Common and choice ........ Spring Lambs
.| Good and choice «c..ceceseee.. [email protected] Medium and 800d .ceec..eecese [email protected] Common . cessessess [email protected]
OTHER LIVESTOCK
Atl Refining . % Atl Ref pf A. 100, Atlas Corp .... Atlas Tack ... Te Aviation Corp.. 3 —B— Bald Loco. cb... 113s Balt & Ohio .. Balt & Ohio pf Bangor & Ar .. Barnsdall Bayuk Cig 2 Bell Aircraft . ve Bendix Avn
25%,
Hecker Prod . Helme G W ... 5 Here Mot Hershey pf 31 31 Homestake 5% . 8 | Houd-Her A . Hour-Her 8... Househd F Househd F pf. 10s Houston' Oil . ud B M&S .. 19 ye
Ill Central ..... 7 Ill Cent pf 15% Indpls Pwr & Lt 11% Inland Stl ..... 64% Inspirat Cop ... 10% 10% Interchem ..... 20% - 20% 20% Intercon Rub .. 8% 1% 8 Int Bus Mach ..143V, 14212 143% Int Harvester . 487% 48'2 487 Int Hyd/El A...11-32 5-16 5-16 Int M Marine.. 7% T% 7% Int Min&Chem Mi oh Ys
2% 26% 10: 50%
44 27%2 34% 2%
5 55% 11% 92Ys 35% 343% 34% 9Y2 9Y2
39 39 104% 104% 3 3 19 19
56 11% 92%s 35%
eo
Sunshine Min .. 6% ¥% | Superhtr ...... 13 15% . 23% 11% 4 64
hl bibl
67% Ya
11% 642 1034
Swift Intl .
Bigelow San .. 2214 Syming Gould
Boeing Air .... 15%
Texas Co
a 36% | Tex Gulf Prod
Borden av, Borg Warner.. 31 Bdgpt Brass .. 8 Briggs Mfg ... 19% Bklyn U Gas.. 7% Bucyrus-Erie 1
rbieiit
. 40 20th Cent-Fox . 113% % 20th Cent-Foxpf 23%2 Twin Coach ... 5% —U— Und Ell Fish .. 37 367% Union B & P .. 8% ot Un ut i f. i n 0 p -105Y, 10874 Un. Pacifle "... Th oT
cee
4% 2%
3 Un Ai
Canada Dry 12 + Jo. M. : ge S617 Can Pacific ... 4% Jones & Lgh... 20% 20% Cannon Mills « 1% 2 i 1, Mass production. American ingenuity has outstripped itself. Production men have devised so many short cuts that, in some cases, 15 plants are doing the job originally laid down for 25. Those
tion. - 2. The second front. Before this became uppermost in the minds of the strategists, America was producing war goods in general. Now the emphasis is on specific war goods for the specific task of whipping Hitler on his own ground. 3. Closer co-ordination of the American and British war production machines. This, likewise, has meant a shift in production emphasis. 4. Over-construction. In the beginning, the armed services called for all the war goods the nation could possibly make. As a result, in some cases too many plants were built. Now, with the production machine chewing up raw materials at a tremendous rate, it is obvious we can’t have a maximum of everything. Therefore, the armed services must decide which things they want first and most. 5. Changing strategy at the top, and constantly shifting production goals. This has helped to pull the war plant out of kilter. 6. Faulty scheduling. In at least some instances, the armed services have scheduled tremendous orders without due regard to the raw-mate-rial situation. 7. Individual plants. which are producing far ahead of schedule. Where these plants are using critical raw materials desperately need-
1 said,
make possible a substantial increase in cargo space for military equipment. ‘Meanwhile, Mr. Higgins said after a day of conferences here that he was “encouraged that his contract might be reinstated” before cancellation becomes final tonight. He|c continued his attacks on the maritime commission’s decision, describ-
and precipitous.” Loses $30,000,000
“It’s an accidental attack on the morale of America,” he said. “Apparently somebody didn’t use the right kind of adding machine inj determining the amount of steel available. Most of the steel required for the project already is on the job.” He said “little steel mines” in Ala~ bama and Tennessee might be reopened and reported that “Mexico is becoming an increasing factor in production of steel.” He said cancellation of his contract meant a loss to his, firm of|S “about $30,000,000” and : unemployment to 10,000 workers, “If this thing stays closed,” he “then I think I cai raise enough money to operate the plant myself—if the maritime commission will sell it. I don’t know who'd buy the ships I'd build—maybe the Russians—but I'd build them.” « Mr. Higgins said he and Henry J Kaiser, Oregon ship production expert, still planned mass production of 170-ton flying boats to ferry troops and .weapons to the fighting fronts. He indicated that the giant sky liners might be constructed in
Capit Adm A..
Caterpillar Cel 5 pr pf.. Cel 7 pr pf... Cerro de Pasco. 30 Cert-td 6 pr pt 26% Chain Belt . Ches & Ohio . Chic E Ill .... Shle E Il A i Gt W 2p Chi Mail ANA
ing it as “just a little premature|Shild
Colgate pf . gol Ros) & Ir... Col & S
Col & So 2 pf . Col Broadcast A 12% Col Pictures
ve 27 ‘Com Solvents . Comwlith & So. 3 Comwlith Edison 193; Cons Aircraft.. 17% Cons Cigar .... 103s Cons Copprmin 47 Cons Edison .. 13% Cons Cons Cons
Bdison pf 8% :
il Cons. R Cuba. Br 3a vo
Cons Coal Container Cont
ont Oi Del 23% Gopweld Stl pf 38% Corn Ex Bnk.. Corn Prod .... Crane Co 1 Crown Zeller ., Crucible St ... | Cuneo Press .. Curtis Pub ... Curtiss Wr .... Curtiss Wr A.. Cutler Ham ...
Doehler D Cast. Dome Mines .. 11% Douglas Aire 60%
a separate plant in the New Orleans D
P44: [4 bre LH HE HL
Kan C Sou .... 4% Kan C Sou pf. 20 20 4| Kaufmann DS. 7% _T% Josicey-Hayes A 12 12 4| Kennecott .... 30% 30% Kresge - 19 19 1 | Kress % 22% Kroger G&B .. . 26% 26% wpe 93,
9%
19% . 14 , 23 20% 25%s 43 632 17014 0%
Lane Bry Lee Ru
8 Macy RH Market St R pf 1% Marshall Fld .. 9% Martin (Glenn) 20% McKes & b. 12
Pl]
t Pet 7 Midland Stl ot. 101 Minn Hny . 42 Mission * Corp. 11% Mohawk Cp -... 15 Monsanto .... Mont Ward . Mor & Ess .... 1 Murphy G OC .. Murray .
Nash Kelv .... o| Nat Aviation .. Nat Biscuit .. Nat Cash Reg.. 17 Nat Dairy
Dep St pf. Shue .
Neh . . A 14% Newmt ‘Mining. 25% | Newport Ind . 8% 4| Newpt News Sh 19% Y Air Brk.. 27%
i+
. .
+14: 41+: +++] Sree eee
2: EF
HEE FER
Un pf Uniteq Anoralt. . re pf 94,
129,
Un Air Lines . Un Biscuit .
offman .. 5% Ind Alcohol 30% Leath .. 4
5 4 = op
annua Rn w'y x 3553 2.3 Le] ry
nd oo
Univ Leaf T... 513%
Vanadium 17% Van Norm 8 Va-Caro 6 pf. 36% Virginian R Bt 28 Vultee Aircrft. T%
Wabash pf ... 23% Walker H C&W 35% Walworth
+ | Warner Bros ...
Fans
Poe
¥
Wash Gas Ls... Wayne Pump.. Web Fisgn 5 W Pa pf...108 West, A Sup 162 West Md Ys West Union
15% 16Y,
Vrigley
Yellow Tr Young Sheet Young Sti Dr.
111; Ys 8Y%s
Zenith Rad .... 143%
50% 50 Us Steel pf..111% 110%
51%
—_V—
17% 8
27% T%
—_—
LAFAYETTE, July 22 (U. P.).
$14. 40@14 Pigs, $14.25 down; 0. 3, Calves, $14. @14. 50;
Ten cents higher; 220-240 lbs 180-200 1bs.,
i. 240-260 1bs.,
., $14.50; 14 140 lbs., $14; 100- 130 1bs., $13. Roughs, $13.25; stags, $11.
ewes, '$5 down
Receipts, 2475; weights over Biguen bewis and sows steady; aid for and choice 1 B25-250 Tose os; 250-275 1bs., 400 1bs., $14.50; 160-180 lbs.,
% | grade sows, $12.50@13 Cattle—Receipts, 400; 300; little more active; load good 752-1b. heifers to strong; and heifers, ©e10.25@12. 50; few [email protected]; 8 to $8; common and medium [email protected]; [email protected]; sausage bulls, veal calves steady: top, choice, @13. 50; culls, $9.50 down. She ep—Receipts, 1500;
up $15;
few early sales, choice, mostly a3. 50@14; medium, [email protected]; SS 4 fat slaughter ewes, $5.50 d
636 or $1.84 year ago.
calves, load 897-1b. good to choice steers, $13.50; extreme sioF: $14; common and medium steers
general lamb market 50c and more lower, opening 25c lower; Jeneral top, $14 late; | [email protected]; good and
—Hog mar-
kot steady to 15 is higher; 160-200 1bs., 4.50 no; 200- 250 $14.80@15. 00:
$13.75 down. lambs, [email protected].
FT. WAYNE, July 22 (U. Pa logt.-
“ 31s: $14.85; $14.80;
13075. 50: calves,
$14.50; Jatubs,. $14; yearlings, [email protected];
CINCINNATI, July 22 (U. P.).—Hogs—
160 1bs., 5c top, $15. 15, 80-225 1bs.; $14.85; 300$15.05; me-
dium and good 150- 150 Joe. $14. 75; good
receipts,
steady
good cows,
few canners and cutters, down
beef cows,
‘common and medium pulls.
to $11.2 good . and
$14@15; commen and medium, $10
spring after
. common and Sown to $7.50;
New England Telephone & Telegraph Co. June quarter net income $2,763,385 or $1.78 a share vs. $2,453,-
(Prices on produce Hellvered ab Indian. apolis, quoted by Wadley Co.)
U. S. STATEMENT
WASHINGTON, July 22 (U. P.).—Government expenses and receipts for the current fiscal year through July 20 compared with a year 280: . Yea ea
Expenses War Spend. 2,704,033,035.62 Receipts 547,854,510.47 Net. Def. 2,658,956,820.61 Cash Bal. 3,888,947,846.25 , Work. Bal. 3,126,508,002.90 1,742,561, Pub. Debt 80,666,625,507.88 55.639, 285,778.10 Gold Res. 22,743,524,078.14 22,660,551,309.24
,301,735
INDIANAPOLIS CLEARING HOUSE Clearings
ese sssecessestenss tan
This Las . $3,207, S026. “781. 08 $1, as, 609, a0. 32
Yesterday ..ceceeccscccsesss 157.13 Week Ago 00000000000 OCR ORINTS 157.56 Month AZ0 ceccceevssscsssss 154.80 Year Ago cecssseee 140.80 1942 High (May 9) ciesee.o 158.34 1942 Low (Jan. 2) .......... 151.54
TE A AMERICAN
NATIONAL BANK
AT INDIANAPOLIS
% AUGUST FUR SALE X EASY TERMS! FREE Storage
LIVINGSTON'S
129 W. Washington St.
USE YOUR CREDIT at
CLOTHING COMPANY
131 W. Washington St. Directly Opposite Indiana Theater
Quality Dry Cleaners oe Plain Garments, 49¢
Stores All Over Indianapolis
FUR COATS Largest Selection in the State
INDIANA FUR CO.
29-32 East
OHIO St
WASTE PAPER AMERICAN PAPER
. STOCK COMPANY RI-6341 320 W. Mich.
WE Buy Diamonds
ed elsewhere, they probably will be|locality. required to curtail or shut down.
LOAN
® ON ANYTHING ®
Autos @® Diamonds @® Watches Jewelry @ Clothing ® Radios etc.
GET CASH IMMEDIATELY
AH ONY
ILLINOIS AND OHIO STS. Open to 7 P. M—Sat.
> . FEE] HE HE EE
HIGHEST an PRICES
STANLEY “Jewelry Co.
113 W. Wash. Lincoln Hotel Bldg.
VHT
WHEEL CHAIRS Why buy one? Rent one at
HAAG'S ALL-NIGHT 22nd and Meridian’
DRUG STORE
RE-WEAVING]|
of MOTH HOLES—BURNT or WORN SPOTS
"LEON TAILORING GO.
«+.135% 134% Up to the close of the Chicago market ee 30 30 today, Indianapolis flour mills and fam Elec Auto-L ... 27% 21% elevators paid $1.07 per bushel for Elec Sout eee 112 11% red wheat (other grades on. their RTI) Elec a 4 6%
I+ [ an
i
tis unusnal ofert:. LOWER =E PRICES
for FAR OR LARGEST OPTICIANS IN AMERICA
Principals of this firm own a large optical: shop and the largest chain of direct-to-con-
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Levinson Has the STRA For You in 42
Soft Straws, $ 1 93
and Sailors Panamas $2.95, $3.85, $5
Pwr&Lt 1 No, 1 yellow shelled corn was 82c per|El Pw&Lt $7 pf. 2% bushel and No. 2 white shelled corn, 88c;| Erie No. 3 oie oats, 45c,. and No. red oats, 45c. Erie pf A
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Handy-size tube 594~ New large s DENTUR- ELE
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COMPLETE glasses Cal) quick Modern stylish rimless glasses, t¢ finish ranting and RIC VISION, at our new low price.
15-DAY TRIAL! 4 : i ourself by 15-day 1 est,” at our risk, that this is rE "DESIEED iA biggest bargain you ever |‘ , Ei Ai iy i | wo EXTEA e a, iit . Sed user Glasses ground on {i HARGE . sumer retail optical - parlors -- prescription. in. America.
MONEY BACK GUARANTEE . _ . 8,000,000 SATISFIED CUSTOMERS
'N Ni ONAL Sl 124 W. Washington St. NCIPAL
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Otis Elev 1 Owens i Glass 51% sae een
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