Indianapolis Times, Indianapolis, Marion County, 25 July 1942 — Page 4
By JOHN W. LOVE . Times Special Writer A line in a London dispatch the other day said American Bers were now sitting in with officers of the R. A. F. in selecting targets in Germany, They were doing so With an eye to cutting down the effectiveness of the submarine. They are engaged, evidently, on that new technology which concerns itself with the destruction of industry. Many sciences have been drawn upon in building up industry, and likewise a number of them must be employed in its rapid demolition. The latter doesn’t take nearly so long, but on the general doctrine that Rome wasn’t pulled down in a day, the task is great enough to require much time and talent. Some day, doubtless, the principles and practice of demolishing industrial targets will be compiled and published. : From what has been disclosed over the last couple of years it is clear that industrial demolishers rely heéavily on German trade directories, articles and pictures in technical journals in recent years, recollections and more specific data from engineers, and the reports of spies. American engineering firms have been contributing information both on German and Japanese installations. It must be a fascinating pursuit, this reversing of the direction of technical knowledge, even for those whose lives have been spent in building. up industry. Most of the British reports of attacks which are admittedly directed
| SINESS against the submarine ind 5 7 mention yards on the coast, such as the new ones at Danzig and Fi:1sburg, both on the Baltic. Thither much of the submarine work was 7 ioved in 1941 from the more exposed Kiel, Hamburg, Wilhelmshaven tn '4 Bremen, its old centers of the last war. _ Sometimes submarines sre mentioned when the British attack plants like the Klockner ¢.fine works opposite Hamburg, which was turning out 1,500,000 horse;io ver a’ year before the war. A number of pictures of the Cologne dest ri ction have appeared, but I have seen none of the east bank, where thi; lant lay. Perhaps it’s still on the agenda. The Diesel engine works at A igsburg has been visited. Hamburg, the most-boinled city until the start of the new series, was the home of many fact ries serving the submarine industry, among them the Deutsche Werft which did developmental work on oil engines and electrical propu sion machinery. Leading shipyard there was Blohm & Voss, which: ‘also made submarines and engines and which has figured in sever:] accounts of raids. The Techlenborg and Atlas plants at Bremerhaven were part of the engine and marine auxiliary industry. . ) Several Rhenish cities we +e also purveyors to the submarine builders, Mannheim with its Ms nnheim Motorenwerke, making engines; Cologne with several kindre(| plants, Dusseldorf with the Gutehoffnungshutte on parts for marine 'ngines and so on. Essen’s Krupp works made a good many of the fo’zings. Except along the coast. , ‘where the submarines are assembled for
the sea, it is doubtful whether the R. A. F. can do very much specializing on the U-boat trades unless the intelligence service is getting pretty good information. In Germany, even more than in this country, the materials and parts of many types of armament must be well mingled. It is necessary to destroy whole cities, even, to clean up their industries. If the Germans are building two submarines a week they have perfected a very efficient subcontracting system in which hundreds of establishments are participating. The same large plants are making parts for aircraft, artillery and tanks. The probability is that the general movement of industrial materials is eastward. As the fabrication progresses, the parts travel away from the British and their plants ' become more expensive to bomb. We hear little or nothing about bombings in Denmark, but it is - probable the Germans are drawing heavily on Danish industry. Copenhagen had an excellent Diesel plant, as British engineers remembered sadly when the Germans moved in. Probably the work is spread much more widely than Germany itself, especially to the eastward. It may be the R. A. F. has concluded long ago that it is more: profitable to specialize on power plants and oil refineries, of which they have been knocking off several, and on shipyards, and to leave the rest to general operations in the interior. If the Germans were able to move whole industries with the same facility the Russians were reported to
PORKER PRICES | FINAL AL OCK S WHEAT FUTURES| Curb Stocks FALL 40 GENTS
High Low Close 0 DOW-JONES STOCK AVERAGES SPURT SH ARPLY Sm rn, -3. 30 INDUSTRIALS ~ Am oi ihe B® 2 Livestock Rates Reflect A
+0.16 ie 8 te Government Policy
Am Rep ve 5% —0.28 | ; i On Meat.
—0.13 +0.13 +0.64 Hog prices slumped sharply at the Indianapolis stockyards today in reflection of the statement by Agriculture Secretary Claude Wickard that the government would pay less for lend-lease meat in order to alleviate the price “squeeze” on smaller civilian packers. Weights over 160 pounds were 40 cents lower than yesterday while
Farm Bureau Fighting Now for Post-War Industrial Customers
erie. By. ROGER BUDROW
MANY ARE INCLINED TO CRITICIZE the farm bloc in congress for its greedy pressure tactics at a time _ When all interests should subordinate themselves to helping win the war. They have had several scraps over parity prices and now they are trying to wrest control of the rubber program from the WPB. The basic reason for this latter fight is that the farm bloc wants synthetic rubber made from grain alcohol instead of petroleum. The WPB is using mostly petroleum. Wash-
ington advices say the president will veto the bill. Farmers seem to be in the habit of crying over their plight but so do all the other pressure g roups. The farmers have some good points. Edmund C. Foust
June. A total of 21,000,000 pounds of goods was sent to foreign countries, carrying a value of about $6,000,000. The great portion of of the Indiana| this, of course, was directly for Farm Bureau| war use. . takes the stand # = =
that the future] opps AND ENDS: Detroit, soreJor taim orp Xs ly-pressed for war workers, is regtion of them. istering women, may need 80,000 by The first world|fall. . . . Big fly in the ointment in the proposed Western Union-
war brought a demand for in-|pggia) Telegra, is what to ph merger is wha Grease Jood bra do about the several thousand emRoger Budrow ployees who wouldn't be needed. then that power| | Indiana auto graveyards farm machinery made big strides.|yielded 23,300 net tons of scrap iron ‘But that cut off the horse which|and steel last month, 10,000 more than the month before. . . Look}
eonsumed great quantities of farm for the appointment soon of a WPB
crops. Farm prices are high now but power board for this area. Its job what about after the war? Will|will be to decide how electric power South America, England, China,|users here will divvy-up with areas} Australia, India and Europe buy|running short. . . . Indiana motor-|| ‘American farm products? For thelists bought 66 million gallons off most part, the nations of the world gasoline in May, 11 per cent less|| other than this country and Eng-|than a year ago. . . . Public Servland are agrarian economies and|ice Co. of Indiana has voted the|} more than able to take care of|regular $1.25 dividend on the 5 per
Ta kes New Post
High Low Clasé pr —A— 6% 6% Today Yesterday . 106.37 Week Ago . 107.69 Month Ago ......ccve0viennn 102.67 » Year Ago High, 1942,
High, 1941,
eevesdoscssenn
A . a a Ashland Oil ... g 41 Beech Airc ... % 8Vs Braz T L&P.. 3s Brewster Aero.. Bunker H&S.. Cons G E Balt. H° Darby Pet 6% Ea Gas > Fuel. 1 ElBd& Sh...... 1 Glen Alden E.. 11% Hecla Min ..... 4% Insur No Am ... 64 Kingston Prod. 1!2 Mesabi Iron .. 13 Mont Ward A. 159% Niles Bement .. 83 Oklah N Gas.. 15 Pantpc Oil Venz 4% Pennroad 3% Pitts Plate .. Republic Avn.. 3s Std Oil Ky.... 124% 2
veces sstssscv en
Thomas Proposal for Higher Wheat, Cotton Prices Spurs Market.
CHICAGO, July 25 (U. P).— News that Senator Elmer Thomas (D. Okla.) intended to introduce legislation to alter the parity basis of farm commodities with upward revisions in wheat and cotton prices spurred a sharp advance in wheat futures on the board of trade today. 11.81 Wheat closed with net gains of 11.31 92111, to 13 cents a bushel. Other
114.22; Low, 92.92. 133.59; Low, 106.3%
20 RAILROADS
Month Ago Year Ago High, 1942, 29.01; Low, High, 1941, 30.88; Low, 24.25. 15: UTILITIES
Am Mach & Fdy 1% Am News Am Rad & S 8. 2 Am Roll Mill .. 10% Am Roll M cv pf 20
® | Yesterday Week AZO .....cosvceacoasse Month Ago ......... Sevens
Sunray Oil ... Un Airc Pd ... ‘ Un Gas Corp . 5-16 “ine Un Lt&Pwr pf. 16 +
themselves. But they will buy our industrial products. Thus the hue and cry for converting our farm products into industrial products. Mr. Foust is convinced that power fuel and synthetic rubber can be made economically from farm crops and that unless farmers seize the
current time to industrialize their|.
products, they may find that after the war will be too late.
” ” # STUDEBAKER made $900,000 profit the first six months of this year against $1,300,000 in the first half of 1941. Its sales, now chiefly war supplies, rose to $87,000,000 as compared with only $52,000,000 in the same period last year. » » ” INDIANAPOLIS exports
25 cents on the common.
EVANSVILLE IRON CASTING FIRM SOLD
CHICAGO, July 25 (U. P.).—The Link Track Engineering Co. today announced purchase for $60,000 of property of the Durban Malleable Casting Co., Evansville, Ind., from the Reconstruction Finance Corp. Claude Rorabeck, president of Link Track, said his company expected to take possession immediately and go into production within 60 days. The plant will produce steel castings for war purposes, one of the
reached an all-time record in
bottlenecks developed recently in war production.
cent cumulative preferred stock and
Ray C. Smith, formerly assistant to the director of the Indiana Employment Security division, has joined the Mutual Benefit Health & Accident association as manager of the group department. His office will be in Indianapolis.
FRANKFORT NATIVE APPOINTED BY ODT
Raymond B. Croll of Chicago, a native of Frankfort, Ind. today was appointed deputy assistant director of the office of defense transportation’s division of railway transport, with offices at Chicago. Mr. Croll, until recently, was superintendent of transportation for the
Chicago Great Western railway at Chicago.
July 25, 1942
WHATS CBBKINY
Page 2
Continued from Preceding Page
lighter weights and sows declined 25 cents. The top was $14.55 for good to choice 220 to 230-pounders. Receipts included 3500 hogs, 225 cattle, 50 calves. :
, HOGS (3500) Good to Choice— od to
330- 360 am 20g 1s, tH
Medium — 160- 200 pounds . Packing Sows Good and
ceeesss. 13.40
18.15 cesesses 13.00
13.50
13.45 13.25
od— 400- 450 pounds ..cececcvenc. 450- 550 pounds .....
Medium 250- 350 pounds - Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE, (225) Slaughter Cattle & Calves Steers
vEniyaveee «813.78 14.75 seesscass 15.00 ceirevascsnes 143 15.00 15.
cstsscsscccee 14.25 00
e0cesepscene seespsesconce
The Stout Field Secret's Out!
TOLD YOU ABOUT Atterbury last week (home of the 83d division down near Columbus). . . . This week, we want to tell you
phy of Ft. Harrison, who's saying “I do” this morning to Agnes Jeanette Roach. . . . In the news from down in the Canal Zone this week was Lieut. J. L. Marcus (3055 Ruckle). He helped figure out a way to bring down
Dm
see0esssccoge
Mediu 700-1100 pounds ce.ecoesceces 11.
2od1%0 pounds . . «+e [email protected] 700-1100 > younds
Am Smelt Am 8tl Fajes.:
Am-Viscose : .. 28% Am Wat W 1 pf 44%
2% .. 5 . 42 ... 64 . 257% . . 15%
6% 3
Bdgpt Frass ie Briggs Miz , Bucyrus-Erie .. Budd Mfg Burl'n M ev pf. 58 Burroughs Bush Term .... Butler Bros .... 3% Byers, AM .... TV Byers pf ...... 12% —C— Cal Packing ... 18% Callahan Zinc.., 9-16 6% oe 11% Cannon Mitts. 31% Caterpillar T.. Celanese 18% Celan’e 7 pr pf.115 Celotex .... 6% Cerro de Pasco. 30%
18.28) cp I
hry. » [email protected] Sle
Martin
Year Ago
High, 1941,
Atl Coast L.. 2
Erie ctf
|ch 6 Ww 3s pt
Tex Pac L T. Chrysler Nash Kelv
* | Pittston Co ..
Air Reduc Co Phillips Pet .
"3 (Std Brands... :., |Wabash pf .. I ig|Yel Tr & C.. 12
Tex & PR R 25 1 4a| Gen Motors. . *., |Va € C 6 pf.
131% 7 287% 1314 383s 36 61% 107% 6 C6078 ‘33 2 33 395s 338 24 1032
Low Close Change + + 1a
1 rye 7 higher than 67%, and Octo-
411% 131% 2513 13 381s 35 6a 102 6 60'%2 5% 2
-
3212 391s 33s 2338 108%
24, 1940.
18.59
High, 19842, 14.94; Low, 10.38. 20.65; Low, 18.51.
42 1312 257% 1314
381
35 613 1034 6 6038 51% 2 321 3958 33% 24 1034
Curb
17 MOST ACTIVE STOCKS
Sales (In 100s) High 1,|Atch T & S F 47 42 SPacRR ..35
Net
- +
grain futures firmed, with corn up 3% to 3%, oats 3% to 1%, rye up to 7%, and soybeans up 3. September wheat finished 1% above yesterday's $1.18% a bushel, corn !'2 to 3% above the previous 897 @90, oats 1% higher than 487%,
ber soybeans were up % to $1.72. The senator’s statements followed a meeting between President Roose-
and asked for a new “measuring stick” applicated to agriculture,
EY labor and industry alike.
RANGE
‘5 Prev.
O 14
Stock sales were 115970 shares Dec: compared with 99,810 last Saturday when volume was the smallest + [since Aug. sales were 19,165. shares compared with 14,455 a week ago. s
stock | Sept..
en High Low Close 'Sept.. 1.18% 1.20 1.18% . 1.19% . . 1.18% 1.22v4 1.23% 1.22 1.217%
1.22 1.27% 1.26% 1.26%
Close 1.1817
May.. 1.26% _Corn— 897%
937% 97%
80%, 89%
927% 97%
Dec . May .
, | Marine Mid .
Mar St Ry prpf (Glenn)
May D
High 27% 9% 1912 3%
aT
2 39% 19 +
Net Low Close Change + la
2%
9 19% 3% 27
2% 9 191, 3% 27
20 39%, 19
1% | McGraw-Hill ..
T% TV McIntyre Porc . 32% McKes & Rob... 12% Menge) 3 4 Diss . 25 Mesta 28 Midland Sa BL. 109 Minn Hny 2,
Mo-K Tex
2 oct... Dec...
Oats— Sept.. .49 Dec . 51% May.. .54% Rye— Sept.. .68% . 67% Dec... .72 Tq T1% May... 1% . Aki
Barley— Sept. . Soybeans— 1.71 “
.58% 51% 54
1.728 1.71% 1.73%a 1.73%
«ees 12.90n 12.90
West Va Coal.. 37% 37%
_|velt and Albert S. Goss, master of |g ‘2 the National ‘Grange, who termed 4 the present party basis “antiquated”
s | Work. Bal.
Un Wall Papr.
! “+
Chicago Stocks
} Net High Low Close Change Ailied Prod A. 21 21 Ni .. Am Ra (nu) 4 [3%] Ye Atchison (u) . 4138 413% 41% Bastian-Bless . 15%2 15% 151; Berghoff Brew. 4 Borg-Warner .. 24%, 2414 Brown F&W . 1 s Gen Motors .. 38% Nat Cylinder .. 73 ¢t L N 8 Yds. 43 Stan Oil Ind. 247 Sunstrd Mch T. 15% Swift & Co... 2112 cen 17% —
U. S. STATEMENT
WASHINGTON, July 25 (U .P.).—Gove= ernment expenses and receipts for the current fiscal year through July 23, com-
Walgreen Co ..
1, |pared with a year ago.
This Year Last Year Expenses. $3,778,588,551.61 $1,185,037,883.63 War Spend. 3,239,979,174.74 602,846.650.27 Receipts... 617,200,495.24 317,266,005.13 Net Def . 3,161,153,706.37 865,559,828.53 Cash Bal.. 3,566,997,063.82 2,663,484,318.24 2,804,554,414.12 1,913,273,343.64 Pub. Debt. 80,821,279,061.67 55, 684, 507,765.73 Gold Res. 22,745,789,609.32 23, 683, 537,191.88
\
INDIANAPOLIS CLEARING HOUSE
2| Glntines Debits 14,893,000
This Week
24,495,000 5,972,000
FOREIGN EXCHANGE
ing are noon closing cable currencies.
England (pound) Canada (dollar) Cuba (peso)
NEW YORK, July 25 (U. P.).—Follows
rates on major Cable Rates $4.04
12.90n 12.90 12.90n 12.90
about Stout field. . . . Big, two-motored Ask: b—Bid. n—Nominal.
planes have been dipping and banking over town for weeks now, like giant, graceful
Mexico (peso)
CHICAGO LIVESTOCK
Hogs—Receipts, 300; very little fresh good to choice hogs in present supplies, very little demand, nominally steady. For the week: After hitting a 22-year top of $15.15 early, hogs weakened late in the week, with 180-240-1b. offerings reaching only $14.90; sows fell to $13.66 and exe tremely heavy kind below $13. Cattle—Receipts, 300; calves receipts, none. For the week: Active trade in a market in which supplies were far below beef requirements advanced choice steers and yearlings fully 25 cents and other grades 25 to 75 cents; choce to prime 9 | 1333-1b. steers topped $15.60, while stricte ly choice light steers made $15.10; heifers advanced 25 cents, with yearlings, up to $14.35; cutter cows and bulls gained 50 cents, the former reaching $9 the latter
Cee 600- 800 pounds 800-1000 Da
Monsanto. pf’ 1109 Mont Ward ... 30% Mor & Ess .... Murphy G C .. 58 Myers & Br .. 33%
barrage balloons without destroying ‘em. Leave it to the Hoosiers, eh? . . Thomas
E. Hines (2056 E. 46th) is now a corporal at Fort Sam Houston. . . . And Kelvin J. Mate tingly (1333 E. Tabor) has moved up to third class petty officer at Great Lakes.
Y % Told You, Didn't We?
WE SAID OUR ball club, the Indians, was better than the standings show, didn’t we? . . . The boys did move up a notch this week. . . . They're in sixth, 7% games out of first, not too far to get well into that first ten quite used to ‘em. . . . Sort of like to division, . . . Gabby Hartnett gabbed out watch ‘em, as a matter of fact. . . . Well, of turn and got socked a $25 fine. Tsk. Tsk. Washington finally up and told what it was . . . Had a little excitement out at the ball all about. . . . Our own Stout field (you park by the way. . The folks took ex-
14.00{ Col & So 1
Colum Gas : 400 Col Gas 6 Sot A 34 13.5 Com Cr ee 21 13.50 Com Inv Lo. 26% . Comwlth > So 3-16
13.50 . 13.50
Goon 800 pounds 800-1000 pounds Medium—
12.50 CASH
Wheat—-No. 2 red, 51.27%; No. 1 hard, ,|$1.18; No. 2 hard, $1.17%@1.17%2; No. 2 hard tough, $1.14; No. 3 hard, $1.16%; No. 3 hard tough, $1.13%@1.14; No. 2 yellow hard, $1.18; No. 2 mixed, $1.17%; No. 3 mixed tough, $1.16'2; No. 4 mixed, $1.16%4. Corn—No. 1 yellow, 87%c; No. 2 yellow, , |87V4c; No. 3 yellow, 86%2@87c; No. 4 yellow,
®esccesesene
00000 RRn 12.50 Nash Kelv .... N Ch & St L.. 2 Nat Aviation .. Nat Biscuit .. ll weights) Ras Pad gure 1 8 De LA me at Cash Reg.. .. [email protected] be i. a io. |Nat Dairy =~. 1
ceisecsesesss [email protected] [email protected] | CO
pounds Common—
sees sece
[email protected] Nz 8512¢; No. 5 yellow, 84%c; No. 2 white, 1.15@ 9.35
Nat 1, [$1.02%2; No. 3 white, 99c. 6.25@ 1.75 Nat Leag 4 , Soybeans—No. 1 yellow, $1.70%@1.71; No. Newmt Mining. 8 Va |3 yellow, $1.65%[email protected], No. 4 yellow, $1. 68; Newport Ind .. . {No. 2 mixed, $1.57%2. N Y Air Brk... Oats—No. 1 mixed, 48@4834c; No. N Y Central .. mixed, 47@4834c; No. 1 white, 50@51c; No. NYC & St L... -., 12 white, 49@50c; No. 3 white, 49c; No. 4 y Nyc & SL pt '4 | white, 45@48'2c; No. 1 red special extra o «127 heavy, 49c; No. 1 red special, 48% @48%cC; | $12.25 down; fat cows hit $10.50; vealers Crown. Zeller .. 103 0% .. |NYNH&H .... 1% [2 soo |No. 1 red special heavy, 48%2@49c: No.| wera steady up to $15 freely, Crown Z pf . 1 / **** 13 red special, 47c; No. 3 ren extra heavy, No sheep. For the week: Late sales Cruc 86 49%2c; No. 4 white heavy, 48c; mixed |of native spring lambs slipped 15@25 Cub-Am Sug .. 6 grain, 45@45%;c¢. ’ cents lower than last Friday after an Cub-Am 8 cv pf 82 Rye—No sales. early top. of $14.85; common and medium. 18.00 | Curtiss-Wr .... 6% Barley—Malting, 85@95¢c nominal; hard, | lots reached $13.50 nd plain light throw-Cutler-Ham ... 13% 63@170c nominal; feed and screenings, 55|0uts were down few yearlings @63c nominal; No.
Bulls (all weights)
Beef— [email protected]
sess es0esvan.
gulls. . . . The folks around town have gote CALVES (50) Vealers (all weights) . eves. $14.50 Shier Farm Eq
um. . % ros tocker Cattle & Calves
know where it is) is command headquarters for all the air-borne troop training centers. . Air commandos, we think they're called. . Happy landings, boys!
* % %
From Hither and Yon—
THE FELLOWS ARE scattered all over the world (as you well know), but we've heard a bit about a few. . . . Here goes! . . '. Pvt. John D. Choat (246 S. State) has received a “gharpshooter’s” medal at Camp Leonard Wood. . . . Pvt. Robert H. Wemmer (1508 Spruce) is “somewhere in England” and his
pal, Austin Hawthorne (1546 Kelly) is in the ;
quartermaster corps at Camp Shelby. . . . John J. Dugan Jr. (351 N, Addison) has graduated from officers’ training school and he’s now sporting looie’s bars up at Camp Adajre, Ore. . . . Earl M. Hull (518 Linwood), a technician in the armored forces, is “somewhere in northern Ireland.” . . . Oscar Gurvitz (819 W. Walnut) is now a corporal with the 113th Observation in Louisiana. . . . Salute smart, fellows! Major Oliver W. Greer (former director of the state welfare department's division of services for crippled children) is no longer Major. He's been promoted to Lieutenant Colonel. Congrats! . . . Sergt. Technician Milton I. Ellis 1739 Righ Schooi rd.) was in town visiting the folks, on furlough from Gowen Field, i 'Jdaho, . . . Pvt. Wiliam H. McCormick (5300 ' N. Delaware) has been promoted to corporal and chosen to attend anti‘aircraft artillery officer candidate school’ in Camp Davis, N. C. . . . Lieut. (jg) Pleas . Greenlee Jr. came to town, to wed Miss Katherine Jones at Shelbyville today (con
| .gratulstions!) and stopped to tell us of the
battle of Midway. Some skirmish, that! . . . ‘Congratulations, too, to Sergt. John F. Mur-
ception to a decision by the umps and the bottle-throwing brigade went into close formation, . . . The barrage over, the ball park announced no more drinks in bottles. . . . Paper cups after this. . . The AllStars whipped the Kaycee Blues, 6 to 2, and three of our boys—McCarthy, Blackburn and Bestudik—helped the All-Stars do it. . . .
, Our boys did very nicely, thank you.
* Yr School Was Never Like This!
WHEN WE WENT to school, teacher never even played tiddlywinks, much less even taking a peek at a golf course. . . . ow times have
Women’s State Amateyr golf tournament nt on at Highland week. . . . And into the finals came two pert and attractive young ladies, Miss Carolyn Varin, a teacher at Orchard, and Miss Dorothy Ellis, a teacher at Manual. . yesterday and Miss Ellis won out, 6 and 8. . . . Gosh, if we could only turn the clock back! : ;
kkk Write If You Get a Chance
Well, that's that for No. 2 of “What's Cookin’.” . . . Write if you get a chance, fellows. . . . Dick Helms did from the navy school in Cambridge, Mass. . . . Said W. A, Hebert (his dad runs a grocery on the South side) and R. J. Johnston (Power & Light) enjoyed it no end. . . . Hope you're not running into the kind of things we are. . . . Like the fellow. who walked into an Irvington drug store and asked for a coke only to have the counter boy look furtively in all directions and then whisper: “Who sent you?” . Do take care of yourselves.
. They played it off
! | |° ; (Yearlings Excluded) sien io | [ER | ! k
- | Good and Choice— ds
Steers Choice— 500- 800 pounds ....cseeccee [email protected] 800- 1050 pounds eccceccsccsce. [email protected]
Good— 500- 800 pounds ...cocccceoe. [email protected] 800-1050 pounds ..c.eccece.. [email protected]
Medium— 500-1000 pounds ...cc.cecs... [email protected]
Common— 500- 900 pounds ....c....e... [email protected] Oalves (Steers) Good and Choice— 500 pounds down cee [email protected]
M me 500 pounds dOWR......c..... . [email protected] Calves (heifers) [email protected] um-— 500 pounds down . SHEEP AND LAMBS (0)
Ewes (shorn)
Good and choice... 5.50 Common and choice . 4.00@ 5.00
Sprin Good and choice [email protected] Medium and good ........... . [email protected] 9.50@ 4
LOCAL ISSUES
Securities | Ge;
Stocks Bid Belt RR Stk Yds com ........ 51 ‘ Bel . 3 ves Bobbs-Merrill c¢ ‘a ser Bobbs-Merrill 5% id’ eecsns Ta cheer, Circle Theater com cevens 20 14
ers. Ask
Somwith Loan 3% pid. . esceses 90% Hook Dru
Terns 93% a et
Ped Tel Co 5% ptd Van Camp Milk pfd 8 oe Van Camp Milk com .... Bonds
Algers Wins'w W RE 4%8 .... American Loan 5s § Loan 53 % ves 97 per 4las 43-51.... NH ag Se. 4%s 51.... Citizens Ind Tel 4%s 61 ..... 108 Consol Fin 5s . 97
American Cent News Ch of Co
Ind Assoc 3d | Indpls Berk, 3Vs Inapls Railway Co 8 Indpls Water Co hed 68. Ya Kokomo Water Works Ss se. «10% Kuhner Sain cing Co 3148 49 Morris 5& ores 5: 50 ‘ Muniele ater Works 5s os: N Ind Pub Serv 3%s ” suas N Ind Tel 4%s 5 5 Pub Serv of Ind 4s 69 . . Pub Tel 4%s 58 » 99 Richmond Water Works 8s 57.108 Corp Bs
eves
i
| Nominal otations Jurnished by local] Gen R; unit of National al Association of
84 | Goo 15 | Got
38%, 21%, Duplan Silk .. Du Pont ...... —E— East Air Lines. 242 242 East Kodak ..
Erle 6% 68% Erie 3 A...... 30% 38% —F— Fair, The pf ... 47 47 Fair Morse .... 32% 31% Pid Phen ..... 36% 36% Firestone T '... 18 18 First N Strs ... L 32Y, 32% —Ghro
Gair Robt ... 1% Gamewell Co ... 18%
Gen Motors pf. .. 38% Gen Out Adv A 3
y Sig n Stl s 2 .. af Gite tte 3% Gillette s os ot 2 50a
ih
. t ; Greyhound Cp. hn
Ind Rayon id. 23 Ingersoll Rand. 85 In Harvester. Pn 47% Marine... 7%
Int
Jewel Tea pf .. 96) Jones & L 20% ones & L pf A 31% Janse &LptB
96% 19% 57% 69 Lh
Kan C Sou ... 4% Kenneoott .... 30
a ihe Lou & Nash..
Muck aernes 3 Massy Whe
5 eee
9
9% 116%
“4Yy
a| Pacific Mills. .
. |Penn RR
412 502
—P
Owens III GIl.. 50%
Pac Coast 5 18% 16% Pac Tin Cons.. 2 Pac West oil.. 2Y
. 16% . 1% 16 1% 1 . 18% [1] 34% 2072 17% 21% 5Y
Penney Penn D C pf A.
Peoples Dr .... Pepsi-Cola .... Pfeiffer Brew .. Phelps Dodge... Phila Co 6 pf n. Phillips Pet ... Pillsbury Pitts Coal Pitts Coal pf... 3
Plymouth Oil... Postal Tel pf.... Procter & G..
++ H+]
ores
Reyn Tob B... Richfield Oil
Safeway 5 BL. 10 Savage Arms i a Dist." Seabd Air L. Sears Roebuck. 551, D.... 5,
Tenn Corp ....
ley Texas Co
"1 | Union Carb ...
i Wabash pf .... 3¢
‘q. | Ward Bak
, 94c; No. 3 malting, 94c.
Cash Provisions—Lard in store, $13.90 nominal; loose, $11.90 bid; leaf, $12.40 nominal; bellies, $15.78 bid.
LOCAL GRAIN
CASH
Wheat Strong; Feceipts 19 cars; No. 1 red, [email protected] ed, [email protected]; Fa 1 hard, $1. toa. 11; No. 2 hard, $1.09@
Corn—Strong;. receipts, 37 cars; No. 2 803.@8134c; No. yellow, 78% 2c; white, 10@1llc over Yellow. mixed, 1@27zc under. Oats—Stron receipts, 6 cars; No. white old, 3a @46%40: No. 2 red old. 45Y, @46Y4c.
Soypeans mm receipts none, Indiana No. 2 yellow, $i1s@1 6; Illinois No. 2 yellow, $1.58@1.
WAGON WHEAT Up the close of the Chicago market today, tO nianavelis flour mills and grain elevators paid $1.00 per bushel for No. 2 red wheat (other grades on their merits). No. 1 yellow she ed corn was 83c per bushel and No. 2 white shelled No. 3 white oats 42c, oats, 42c.
corn, 88c; and No. 2 red
Central Maine Power Co. 12 months ended June 30 net income $1,912,068 vs. $2,124,534 previous 12
2 months.
Net High Low Close Change —U— Union B & P.. 8% 67% Un Oil Cal .... 11% On Pacific C 1% Un Pac pf 76 United Aircraft. 253; Un Airc pf .... 94 Un Biscuit .... 147% United Corp ... 5-16 United Cp pf.. . 11% . 543, . 3% Mfg. 14%, . 3234 ... 51% . 18 oo 18 . 1
tion
-16 Univ Leaf T.. 52 52 —_—V— . 18% 16's 31% 371% . 1% 1% pf . 36 35 Va EI&P 8 Pot. 115 114% —_— We
8s 87Y%2
CERI
Vanadium
Walgreen .... 17% Walk Row . 15%;
Ward Bak a. 22 Warner Bros ..
Westing El .. Wheel Stl prpf. oo Willys Overlnd 12
a| Willys Ovrld pf
; | Wilson & Co .. Woolworth
Yellow Tr
Ya Yo Zenith Rad ...
200-220 1lbs., $14. 30; 160-180 1lbs., $14. 260-280 1bs., $14. 03: 300-350 lbs., $13.85: 150-160 1lbs., $13.90; 130-140 lbs.
lambs, down.
$13; yearlings,
Heavy breed (Hens, pazisd and white rock,
A, medium, 31c¢; grade A, grade, 26¢. er—No. 1, 40%@4ic;
Prices on
apolis, quoted by Wadley
BOND REFU
Power Co. but since
sulting in the creation
soe Seattersat, ‘No. 1, 38¢c; No. roduce delivered at Indiane
$10 0: Teained $12 and light fat ewes topped at
OTHER LIVESTOCK
° FORT WAYNE, July 25 35 to 46 cents lower; 220-240 lbs. 180-200 lhs., 240-260 1bs., 280-300 1 350-400 140-150 $13.40; 100-130 Ibs. Roughs, $i2. 75; stags, $11; calves, § $8@l11;
(U. P.).—Hogs $14.4 :
lbs. 1bs.,
Sons, 30
LOCAL PRODUCE full-feathered,
Leghorh hails, A 5c. roilers, lbs and over; colored, iseg
white and Barred rock, 19c¢; cocks, llc. Springers, 3 lbs. and p+ colored, 21cg
18cp
No. 2 poultry 3 oi less. Begs—Current receipts 54 Ibs. and up,
Graded Eggs—Grade A, large, 5% grade
small, 26¢c; no
No. 2, 38%@ 3
Co.)
INDIANA UTILITY
ND OFF.
PHILADELPHIA, July 25 (U. P.). —The Northern Indiana Power Co. had the permission of the securi-. ties and exchange commission today to withdraw its application for the issuance of $10,088,000 in 4% per cent first mortgage bonds.’ : _The application stated the pure . | pose of the bond issue was to refund all outstanding first mortgage ‘bonds, including bonds parent company, Central Indiana
held by the it was filed
%|the SEC approved consolidation of applicants and other companies, re-
of the Pub-
x | lic Service Co. of Indiana, Inc.
WITHDRAW BID 10.