Indianapolis Times, Indianapolis, Marion County, 18 August 1942 — Page 15

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{

hae

~{ « OF NEW RUBBER

\ stead of civilian cars.”

~ Grant,

| TUESDAY, AUG. 18, 1942

PLAN PRODUCING

Seagram’s Ready to Build,

Butadiene Plant; Grain To Be Used.

{ LOUISVILLE, Ky. Aug. 18 (U. P.).—Officials of the Seagram Liquor Co. today said they were prepared to build a $4,000,000 butadiene plant for the production of synthetic rubber made from farm products. The plant, they said, would consume 15,000 bushels of grain daily in the production of 20,000 tons of _ butadiene. They said that figure represents approximately 1-40th the amount of butadiene required by “the nation. Urges Early Experiment

Yesterday a group of farm leaders and congressmen from Indiana, Kentucky and Ohio met with offi-

cials of the company to determine whether corn could be combined with other grains in the production of butadiene. .Headed by Hassil E. Schenck, Indianapolis, president of the Indiana Farm bureau, the group met with Dr. Paul Kolachov, head research scientists, and H. F. Wilkie, vice president of Seagram's. «Mr. Wilkie refused to comment on the merits of producing synthetic rubber as compared with the petroleum process, but said: “Let's start making synthetic rub“ber before the natural rubber stock pile is exhausted and we have to experiment on military vehicles in-

i Congressmen Attend

Indiana congressmen present at the meeting included Reps. George W. Gillie, Ft. Wayne; Robert A. South Bend; Charles A. Halleck, Rensselear; Forest A. Har"ness, Kokomo; Gerald W. Landis, Linton; Raymond 8. Springer, Connersville; Earl Wilson, Huron, and Senator Raymond E. Willis, Angola. Also present were H. J. Reed, digector of agriculture, Purdue university; Russell G. East, director of the National Farm Chemurgic council, Richmond; Edmund Faust, editor of “The Hoosier Farmer,” Indianapolis, and Herschel D. Newsome, master of the Indiana state

grange, Columbus.

Incorporations

TSV, Inc., Veedersburg; agent, Paul A. Teegarden, Veedersburg, 100 shares commen no par value Ba 0 re: alue; - ferred of $100 par valle; pera] man.

A. Teegarden. 203 W. Washagent, Stanley 100 shares withWilfred

ufacturing business; Lloyd VanScoy, Paul Lincoln Jewelry Corp. ington at., Indianapolis; ‘ Levinson, same address; out par value; Stanley Levinson, Winkel, Charles Sachs. Lincoln State Pawners, Inc, 203 W. Washington st., Indianapolis; agent, Stanley Levinson, 203 W. ashington st., Indianapolis; 100 shares without par value; <“loan and general pawnbroking business; David E. Hokin, Bess Hokin, Myron Hokin.

Fathers of Sons in Service, Inc, 108 E. Washington st., Indianapolis; no capital stock; Walter E. Jarvis, Leslie L. Clinger, Albert A. Lahrman and others. Minweld Co., Illinois corporation; change of address of principal Indiana office to 2001 W. Washington st., Indianapolis. Calumet Teaming & Trucking Co., East Chicago; appointment of H. A. Dalby, 236 Glen Park ave., Gary, as agent. Rolling Mill Scrap Baling Corp. Ft. Wayne; ® nange of agent to Meyer Ruchman, 1509 McKinley st., Ft. ayne. ametic Lodge Building Assn. Inc. Ft. I ir: change of agent to Esley J. Rooks, 1824 Hanna st., Ft. Wayne. Tree City Feed Mills, Inc., Greensburg; change of Y does to 300 Old First Bank bldg., Ft. Wayne, and change of agent to “BB. £ Schele, same address. Klein Brothers Co., Indianapolis; change of ageht to John H. Nieberding, 3714 N. Oxford st., Indianapolis. Indiana Gas Distribution Corp., Greenfield; change of agent to John H. Maxon, Greenfield. Tri-County Farm Bureau Co-operative Credit union, Evansville; amendment in_creasing capital stock to 10,000 shares of $5 par value. ~ BE. C. & W. Coal Co, 579 W. Wilgins st., Indianapolis; agent, Leo F. Clifton, 440 W. 43d st., Indianapolis; 100 shares without par value; dealing in fuels and building materials; Leo F, Clifton, B. K. Wilder, Verda Wilder. Decatur Cartage Co., Inc., of Indiana, 830 Kentucky ave., Indianapolis; agent, Ferdinand Born, 718 Chamber of mmerce bldg., Indianapolis; 1000 shares no ar value; Walter PF. Mulladay, R. A. aensch, John B. O'Connor. Daggitt Corp., Gary; amendment changfng name to Producers Transport, Inc, and other amendments.

Automotive Gear Works, Inc.,, Delaware]

corporation; merged into Automotive Gear Works, Inc., Indiana corporation; 12,000 shares convertible preferred without par value and 36,000 shares common without par value. Main-Colfac Corporation, South Bend; amendment changing number of directors to four; designation of Milton A. Johngon, 717 J. M.S. bldg, South Bend, as gesident agent. : Tee Pee, Incorporated, Indianapolis, dissolution. . A “John Griffiths and Son Construction - Company, Delaware corporation; admitted to Indiana to engage in contracting and construction business. Howard County Farm Bureau Co-opera-tive Assqciation, Inc., Kokomo; certificate of classification of common stock. Johnson Motor Co., Inc, Gas City; dissolution. A. M. A. Amusement Corp. 6155 S. Cofumbia ave.,, Hammond; agent, Alexander Assim, same address; 100 shares of $10 par value; to operate amusement enterrises; Alexander Assim, Mary Assim, homas Pappas. Silver Key Mines, Inc., 329 E. Main st., Ft. Wayne: agent, Craig Glass, same address; 1200 es of $25 par value; to rate mines; Dale Roberts, F. D. Ropp, . 8. Bryant, Craig Glass, iewis Corville.

Philip Matter Estate, Inc. Marion; amendment changing number of directors

to four. Boonville Mills, Inc., Boonville; amend-

.| Week Ago ..

The Merchants National Bank building is ready for fires, whether by bombing or otherwise. To combat them, the mainte-

nance department has constructed a mobile fire department on wheels, a small wagon six feet

‘Bank Building Has Mobile

long, two feet wide and three feet high. It was designed by M. G. Butler, building manager, and constructed by Earl Lisby, head carpenter. It can be pushed through any doorway and into any elevator.

Fire Unit

On it are attached two fire extinguishers, a stirrup pump, two picks, a hoe, rake, two shovels, two buckets of sand, four flashlights, 200 feet of rope on a selffeeding reel, and first aid box. Pictured trying out the stirrup pump is Mr. Lisby.

EIGHT HIGHWAY CONTRACTS LET

Road 35 North of Winamac To Be Resurfaced and Widened.

Awards of eight contracts for highway work were announced today by the state highway commission. Contracts included:

Pulaski County—Widening and resufacting of 7.87 miles of road 35 from Winamac north to PulaskiStarke county line, awarded to Hepskind Drainage Co., Ft. Wayne, for $152,735. } Lake County—Removal of car rails and the placing of a concrete base and bituminous surface on 1.20 miles of road 41 in Hammond from the junction with Sheffield ave. north to the junction with U. S. 12 and U. S. 20; awarded to J. C. O'Conner & Sons, Ft. Wayne, for $70,078. : Allen County—Resurfacing of .36 miles on road 37 in Ft. Wayne from the the Maumee river south and resurfacing of 1.71 miles on road 30 in Ft. Wayne from Jefferson st. to a point near St. Mary's ave. awarded to Brooks Construction Co., Ft. Wayne, for $37,765.

limits of Pennville northward; awarded to Meshberger Brothers Stone Co., Linn Grove, for $57,771.

Resurfacing of 5.41 miles on road 50 from Holton to state road 29 and resurfacing of 548 miles of road 50 from Elrod to Dillsboro; awarded to N. E. Daugherty Construction Co., Bloomington, for $42,800. Gibson County—Paving of 4.7 miles of road 165 from Owensville to 2 miles southwest of Johnson, awarded to E. F. Luhman, Muskegon, Mich.

ATKINS, DR. BRAY ON AWARD COMMITTEE

Henry C. Atkins Jr. of Indianapolis and Dr. J. L. Bray of Purdue have been appointed members of the WPB technical conimittee for individual awards. Mr. Atkins is superintendent of E. C. Atkins & Co. and Dr. Bray is head of Purdue’s school of chemical amd metallurgical engineering. The committee will hold its first meeting in Washington Thursday and Friday to select the first list of workers in war production plants to be honored by the government for contributing valuable suggestions for increasing war production.

DAILY PRICE INDEX

NEW YORK, Aug. 18 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (193032 average equals 100): Yesterday .cccececeececessss 18731 [EEE NNN NERENNNNNENLN] 157.33 Month AZ0 ..cecccccccccess 157.13 Year Ago ....... ceesccesses 142.46 1942 high (May 9)..cce0see. 158.3¢

ment increasing common stock to 1600 shares of $100 par value.

Jay County—Resurfacing of 4.53 M miles on road 1 from north city|N

Ripley and Dearborn Counties—|2

1942 low (Jan. 2)........... 151.54| Belt

Complete New York stock quotations are carried daily in the final edition of The Times.

Net Last Change 133% 3 24% 4 673s _ 165% 4 Ya 9% 118% 42%

High Allied Chem ...133% Allis-Chal ¥ Am Can Am Can pf ... Am Rad & S S Am Roll Miil.. Am T & T ....1 Am Tob B .... Am Water W.. Anaconda Armour Ill Atchison Atl Refining .. Balt & Ohio... Bendix Avn .... Beth Steel . Borden Borg-Warner... Bdgpt Brass ... Ches & Ohio.. Chrysler .. ... 6 Comwlth & Seo. Cons Edison ... Cons Oil Corn Prod Curtiss-Wr .... Douglas Airc... Du Poni .. . Gen Elec . Gen Food .. . Gen Motors ... Goodrich Goodyear Hecker Prod ... Hudson Mot.... Int Harvester.. Int Nickel .... Int T& T Johns-Manv ... Kennecott

Ya Ts Ya Ya Ya % Ye

‘3% 3 %

Yy, 9%

EN 5 Ya

I++: +4 + d+ i++4+

ceo

Db bbb

Nat Cash Reg.. Nat Dairy .... N Y Central.... Ohio Oil

— + + Ya + 1

RENTS FROZEN IN 3 MORE STATE AREAS

three more Indiana areas, the office of price administration an-

nounced in Washington today. Rents will be cut back to levels prevailing March 1 this year. One area centers around Evansville, Ind.,, and Henderson, Ky., including all of Vanderburgh and Henderson counties. Another is the Clinton, Ind., and Newport, Ill, area, including Parke and Vermillion counties in Indiana and Edgar and Vermillion counties in Illinois. Five counties comprise the third area. They are Bartholomew, Brown, Johnson, Morgan and Shelby counties.

U. S. STATEMENT

WASHINGTON, Aug. 18 (U. P.).—Government expenses and receipts for the current fiscal year through Aug. 15 compared with a year ago: : This Year Last Year Expenses. $7,679,754,846.55 $2,431,867,729.66 War Spend. 6,852,874,916.94¢ 1,566,862,803.76 Receipts... 1,027,644,138.81 645,394,996.16 Net Def... 6,650,193,457.74 1,757,780,533.50 Cash Bal... 4,773,823,926.82 2,695,645,257.33 Work. Bal. 5,011,372,406.31 1,944,104,513.04 Pub. Debt 85,382,775,002.05 57,080,096,796.53 Gold Res. 22,741,999,650.63 22,703,677,073.47

INDIANAPOLIS CLEARING HOUSE

Clearings ......c... Sececssaneens $ 4,265,000 Debits 15,188,000

- LOCAL ISSUES

Nominal SJuosasions furnished by local ak of National Association of Securities ealers.

Stocks ‘RR Stk Yds com..... RR Stk Yds pfd ....es

erril com 3 errill 4% % pfd ..c... 40

AUGUST FUR SALE EASY TERMS! FREE Storage

LIVINGSTON'S

129 W. Washington St SAXOPHONE Por Instruction J “~~

INDIANA MUSIC CO. 115 E. Ohio St. — LI-4088

GUARANTEED

! / Wr VY TLL

KX AT OUR USUAL

of MOTH HOLES—BURNT or RN SPOTS LEON TAILORING CO.

235 Mass. Ave. 3. "First Bloc

Alge -| American Loan 5s

Naturally you can buy Home Furnish. ings cheaper because our overe head is less. Bed Dining Room and Dine rugs, ete.

LOW PRICES §

CE ES

Cheater com ..

Way 1 fd ayne 7% pfd 50 Ind Asso Tel 5% pt 5 Ind & Mich 7% pfd ....... Ind Hydro Elec 1% Ind Gen Serv 6% pfd ... Indpls P&L 5%% pid Indpls P&L com Indpls Water 5% pid Indpls Water Class A Lincoln Loan Co §% Lincoln Nat Life Ins com .... N Ind Pub Serv 5%% pid... N Ind Pub Serv 6% pf N Ind Pub Serv 7% pid . Progress Laundry com ..... 12 *Pub Serv of Ind §% pfd .... fil Ind Inc com.... 10

com *e0etten ‘ Bonds rs Wins'w W RR t%% .. Ameritan Ioan 5 og aR’ spa; & Ch of Com Bidg Co 41s 81 .e Citizens Ind Tel 4%s 61 ....103 Consol Fin 8s 97 Crabb-Reynolds-Taylor 4s

... 83 Home T&T Ft Wayne S%s 535 103 Home T&T Ft W. d Assoc Tel Co

N. Y. STOCKS

8y UNITED PRESS

‘| Week Ago

e s | Ph

Rents will be frozen Sept. 1 in|

* low the previous $1.18, corn % to

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS +0.30 +0.51 +0.38 —0.05

Yesterday Week Ago .... Month Ago Year Ago High, 1942, 114.22; low, 92.2. High, 1941, 133.39; low, 106.34.

Yesterday Week Ago Month Ago Year Ago High, 1942, 29.01; low. 23.31. High, 1941, 30.88; low, 24.25. 15 UTILITIES

Yesterday

Month ABO ...cccenne cssens Year Ago High, 1942, High, 1941,

14.94; 20.65;

10.58. 13.51.

Net High Low Last Change Packard cece Pan Am Airw . Paramnt Pict .. Penney Penn RR illips Pet.... Pullman

Flt +:

Rem Rand ... 8% Republic Stl .. 14% Sears Roebuck. 55%

35% United Aircraft 25% U S Steel 48% U S Steel pf...109% Warner Bros .. 6! West Union ... 25% West Air Bke.. Westing El ... White Mot ... Woolworth Yellow Tr .... Young Sheet ..

Gary Steel Mill Sets New Record

Times Special GARY, Ind. Aug. 18.—Another record has been broken at the Carnegie-Illinois works of the U. S. Steel Corp. here. A blast furnace was relined in record time of 21 days, three hours and 50 minutes. The relining of the Gary furnace was from the mantle up and the time required between the last cast of iron preceding the repair period and the first cast of the new iron production was less than 22 days. Eleven of the 12 blast furnaces are now in operation. The 12th is being relined and improved. Except for two weeks, the plant has operated at 100 per cent or more of capacity since Pearl Harbor.

GRAIN FUTURES TURN| SLUGGISH AT CHICAGO

CHICAGO, Aug. 18 (U. P.).— Grain futures moved sluggishly on and below yesterday’s closing price levels in early dealings on the board of trade today. ~ Wheat and oats were unchanged to %& cent a bushel lower at the end of the first hour, corn off % to. 3% cent, rye off %%& cent and soybeans unchanged. In the September contracts, wheat dropped ! cent a bushel be-

Hl LH HH +]

+14]

3% off from yesterday's 83% @83% cents, oats 4 lower to 48% cents, rye % lower from 631% cents, while

at $1.71.

October soybeans stood unchanged 1

' THE INDIANAPOLIS TIMES

HOGS OFF I) 10 $19.00

Vealers Advance &C 7175 Porkers i\* At Stockyart

A 10-cent reduction in hog prices at the ]:: stockyards today, the :. marketing administratic The top declined to good to choice 200 to 21! Value advanced 50 cents tive market to a top o Receipts included 7175 cattle, 900 calves and 32 HOGS (7175) |

Choice— pounds ... pounds ... pounds ... pounds pounds ....e. pounds pounds ponds ... pounds ... 330- 360 pounds ... Medium— 160- 200 pounds Packing Sows

Good and Choice— 270- 300 pounds .

330- 360 pounds .. 360- 400 pounds

Good— 4n0- 450 pounds .c.ceee 450- 500 pounds Medium— 250- 550 pounds Slaughter Pigs

Mediuin and Good 90- 120 pounds “.......

CATTLE (2100

Slaughter Cattle & CU: Steers }

ssesseseccet

Choice— 700- 900 pounds .....ceceeec 1 900-1100 pounds vei i 1100-1300 1300-1500

Good—

pounds pounds c.ecceccens

pounds recescesauny § pounds «..ceccecens pounds ...e. 1300-1500 pounds .. Medium— 700-1100 1100-1300 Common - 700-1100

pounds . pounds

pounds

Choice— 600- 800 800-1000 Good— 600- 800 800-1000

Medium 500- 900 Commun 500- -900

pounds pounds ....ece

pounds .. pounds ..

pounds Cows (all weights:

G Medium Cutter and common Canner Bulls (all weights (Yearlings Exclude!

Cutter and common CALVES (900) Vealers (all weight:

: Good »nd choice 3, |Common and medium Cull (75-lb.s. up)

Feeder & Stocker Cattle ¢ : Steers Choice— 600- 800 pounds 800-1050 pounds

Good600- 800 pounas 800-1050 pounds

ece0s0ccn0 nn:

(Steers) Good and Choice - 500 pounds down

2 | Medium

500 pounds down Calves (heifers)

. Good ana Cholice—

500 pounds down Medium - ; 500 pounds down

SHEEP AND LAMBS

Ewes (shorn)

¥2 | Good and choice

Comon and choice Spring Lambs Good and choice Medium and good .... Common

Hogs—Receipts, 13,000; slt¢ lower on all weights and so: choice 180-240 ' lbs., $14.80¢ $15.15; 240-270 lbs., $14.55@1¢. 1bs., [email protected]; good and |! 330 lbs. down, % $ $53,20@14-25; good 400-550 ll: Sheep—Receipts, 2000. Late classes closed strong, few ch native spring lambs, $15.25G : ood and choice springers, $14, : fed yearlings, $12; fat ewes, Today: Spring lambs opening early bids around steady, $15 tive and unevenly higher or $15.35 and above for good lots; fat sheep fully steady; : Ib. good to choice yearlings, deck medium to good around 1)

Cattle—Receipts, 9500; calve 1000; fed steers and yearlin: choice kind strong to shade hi: ium to good grades slow, stea trade closed fairly active; larg 16 steer and yearling market $16.50; trade slower on choice, but not Dpime, catt - strong to 15 cents higher, with . loads, [email protected]; active market on cows; ulls an weighty cutter cows to $9.25 offerings, $9.50@11; weighty sa | to $12; and vealers, cattle scarce, active, $11.50@ choice calves, to $14.50.

OTHER LIVEST!

CINCINNATI, Aug. 18 (U. 1. Receipts, 2700; all weights b:

1303 ¢:

for strictly choice 903-lb. avera : :

I oP

ents;

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

[email protected] [email protected]

[email protected]

[email protected] 1@ 15.00 [email protected] [email protected]

1@ 14.00 [email protected]

[email protected]

@14.75 @14.75

@14.15 @14.25

@13.25

CHICAGO LIVE! |

330 souri, quarter ended June 30 net | profit $558,835 equal to 74 cents a J [common share vs. $986,269 or $1.31

$14.50@! :

)

gilts mostly 10 cents lower, st: «

1bs., and choice 18§0-225-1b. weights; [email protected]; 250-275 lbs. $14:

$14.95; medium to good 150-160 140-150 lbs, $14.25; 130-140 good grade sows, [email protected] Cattle—Receipts, 475. Calve 350. No good or choice steer: on sale early. Good kinds sal: [email protected]; common and me and heifers, steady, $11@13.'

medium beef cows steady, $7.75 cows, [email protected]; demand bro: ners and cuiters up fully 25 ¢ common and medium bulls, $9¢ sausage bull~, to $10.25; ves! top, $16; good and choice, $15¢ $14.50 down. Sheep—Receipts, 1500; sprin steady to 25 cents higher; goo: @15.50; few choice lots, $15.7! mostly 75@85 1bs.; culls, down slaughter ewes, $6.50 down. a Aug. 18 (U. cents lower; 200-220 lbs.,

TELEPHONE DIVIDEND IS REDUCED AGAIN

rectors of New England Telephone & Telegraph Co. today cut the common stock dividend to $1.25 per share from the previous payment! of $1.50 in June, making the second reduction this, year.

clared a dividend of $1.50 a share, payable in June, representing a cut of 25 cents a share from the quarterly rate previously in effect.

U. S. TAKES OPTION ON PLANT

PITTSBURGH, Pa. Aug. 18 (U. P.).—A 60-day purchase option involving the Canonsburg, Pa., works property of A Carnegie-Illinois Steel Corp. has - been granted to the Defense Plant Corp. by the company, it was announced today by J. L. Berry, president of this U. S.

steel subsidiary. - It is understood

On May 19 last the board de-

35! .,- $13.85; 100-130 lbs, Roughs, $13.25; stags, $11.50; lambs, $14.50; ewes, $5 down.

TO GET DIPL.

Col. Reed Landis, chie of Stout field, will addres: {bers of the civil air pat : 527, when they receive tra: tificates at 8 p. m. tomor: ; War Memorial. :

and an organizer of the i:

men and women who hi pleted preliminary trainin | ceive the certificates from commander, Somes. : SOLD IN NINE MIN ~ NEW YORK, Aug. 18 (! special offering of 7000 Armstrong Cork Co. on

1bs., $14.45; 300-400 lbs., $14; [|

the Rev. J:

5 cents lower; top, $15.C:

and cutters downward to $8; ¢ :

%:|and subsidiaries six months ended

BOSTON, Aug. 18 (U. p).—Di- AIR PATROL GRC

Col. Landis is the first c( 1 Clad in military unif(:

Bank Clearings ................

Postoffice Receipts Building Permits ....

ecccssssssscane

@ececcensscnsesece

Repairs & Alterations Applied for Jobs .......... . Received Jobs Filed . Unemployment Claims Freight Carloadings: Inbound Outbound Electricity Output (kwh) Water Pumpage (gallons) , Streetcar Passengers (Aug. 8) Telephones in Use (Aug. 13) ..... Livestock Receipts (head) Cattle Calves Hogs "Sheep ..........iiiiiiiiicnnnns Grain Receipts (bushels) Corn ' Wheat Oats Rye .... Soybeans .......

Sources . of above figures:

eeseesecssssssceac ence cscs

eecvccce secs écoessencce esses cccse ees cscs sccsececcsensocse ess eevee stecssccsecscscnscen

essere conc es

. . $26,891,000 tecesenseenee.. $71,998,000

Week Last Week Before A Year Ago $25,799,000 $25,858,000 $73,363,000 $61,653,000 $94,891 $80,037 $425,580 $230,401 $75,200 $93,710 0. 0 $2,500 $80,384 $325,000 $11,100 0 0 $22,880 $45,207 943 1,217 514 523 269 247

Last Week

$79,908 $13,137 $61,500

0 0 0 $11,637 1,230 465 238

3,983 2,264 16,704,000 319,890,000 1,770,401 +129 48,387 6.751 3,412 31,521 7,203 638,000 392,000 104,000 130,000 6,000 6,000

3,11 1,983 16,616,000 316,710,000 1,780,680 +170 51,997 6.893 3,224 33.332 8,548 881,000 503,000 176,000 170,000 26,000 6,000

3,628 2,259 14,638,000 339,340,000 1,298,770 +165 50,073 5,610 2,153 33,626 8,084 - 691,000 536,000 60,000 84,000 - 11,000 0

$1,928,975,000

Indianapolis Business Summary

% Chge. 48 vs. 41 + 118 + 242 4+ 52 — 414 -— 352 100.0

1942 Thus Far $863,714,000 $2,395,036,000 $3,127,118 $5,244,935 $2,800,305 0 $222,876 $1,772,640 $16,300 $426,651 43,367 20,629 13,847

1941 Thus Far $712,302,000

$2,972,537 $8,952,307 $4,321,185 $394.000 - $1,157,438 $1,737,800 $407,950 $753,934 35,262 17,236 10,259

+ 20

131,334 80,475 490,158,000 8,679,290,000 54,609,724 116,743 1,761,563 200,783 95,901 1,299,762 165,084 20,409,200 14,217,500 5,708,000 3,762,200 245,000 471,600

135,012 84,338 431,557,000 8,139,080,000 41,935,358 106,289 1,749,756 182,125 94,633 1,329,270 153,728 23,107,800 15,001,000 3,776,600 3,756,400 183,000 392,500

Indianapolis Clearing House Association, Indianapolis Postoffice, City Building Commissioner, Indianapolis Office of the U. S. Employment Service, Pennsylvania Railroad, New York Central, Baltimore &: Ohio, Illinois Central, Chicago, Indianapolis and Louisville’ (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co.. Indianapolis Railways, Bell Telephone Co., Agriculture Marketing Service, Indianapolis Board of Trade, Center Township Trustee, Federal Reserve Bank of Chicago, Indianapolis Power & Light Co.

AUTO ARMS OUTPUT $13,600,000 A DAY

DETROIT, Aug. 18 (U. P).— Heavy armaments for the United States and her allies are pouring out of converted automotive: factories at a rate of $13,600,000 a day, Alvan MaCauley, president of the Automotive Council for War Pro]

duction, said today. The volume, he said, is equivalent to around $5,000,000,000 a year and

the rate is rising steadily. «Before the end of this year,” he stated, “monthly shipments are scheduled to be running at an annual rate of upward of $8,000,000,000.” Assuming that materials are available when needed, the industry will be operating on a $12,000,000,000 annual basis when it reaches peak production. The present rate of production exceeds by more than 20 per cent the average pace achieved in the peak of civilian production and the monthly rate of munitions manufacturing is more than two times that of Dec. T, 1941. He declared that automotive arms producers shipped war materials valued at $413,712000 during the month of July. This is an annual rate of $4,964,544,000. The industry’s annual civilian production peak was $4,071,000,000.

BUSINESS AT A GLANCE

Southeastern Greyhound Lines 6 months ended: June 30 consolidated net profit $354,598 or $1.25 a common share vs. $441,076 or $1.59 year ago. Symington-Gould Corp. 6 months ended June 30 net profit $322,372 or 32 cents a common share vs. $470,384 or 58 cents year ago. Western Auto Supply Co. Mis-

in 1941 period; six months ended

k|June 30 net profit $1,056,214 equal

;/$1.66 in 1941 period.

. Corp. and domestic subsidiaries six

| share vs. $1,309,858 or $3.86 . last

‘| net income $6,462,366 equal to $3.40 i|a common share vs. $6,653,610 or $3.51 in preceding 12 months.

t! months ended June 30 net profit

| loss $698,917 vs. net profit $315,229

); | period. } Third Avenue Railway System

5| period.

GRRE

to $140 a share vs. $1,251,538 or Worthington Pump & Machinery

months ended June 3 Onet profit $1,388,877 equal to $3.96 a common

ear. Pacific Lighting Corp. and subsidiaries 12 months ended June 30

Pond Creek Pocahontas Co. six

$245,717 equal to $1.45 a share vs. revised net profit $151,557 or 89 cents in last year. Spiegel, Inc, June quarter net

or 1% cents a common.-share in the 1941 period; six months net loss $537,697 vs. net profit $490,710 or 21 cents a common share in the 1941

preliminary fiscal year ended June 30 consolidated nt loss $616,182 vs. net loss $540,817 in preceding year; June net income $72,506 vs. net loss $28,515 in June, 1941. Westvaco Chlorine Products Corp.

June 30 net profit $501,661 equal to $1.05 a common share vs. adjusted net profit $632,529 or $1.41 in 1941

i SR

4 i

No. oats. 42c.

Packer Closes, Pays Employees

DAYTON, O, Aug. 18 (U. P.)— Charles Sucher Meat Packing Co. has suspended operations and its 350 employees are on vacation

with full pay until “the meat packing regulations are clarified by the government.” Charles Sucher, president of the firm, as he closed down his plant and put his employees on a “paid vacation,” blamed the office of price administration and the fact there was a ceiling on the finished meat product but not on livestock prices. He said that this resulted in a definite loss for the small packer.

START SURVEY OF NEGRO EMPLOYMENT

Questionnaires have been sent to all Indiana employers by the state defense council as part of a campaign to increase the job opportunities of Negroes. Clarence A. Jackson, state civilian defense director, said the council is attempting to get a complete pojl on practices of Negro employment in all fields of work. The survey is being conducted in co-operation with the employment security division and the bi-racial committee composed of businessmen and Negro leaders. The defense council has asked employers to give full information on job possibilities for Negroes, declaring that “need for the data is urgent.”

LOCAL PRODUCE

Heavy breed hens, full-feathered, Leghorn hens, 16c. Broilers, 2 lbs. and over; colored, 19c; white and barred rock, 20c; cocks, llc. Springers. 3 lbs. and over; colored, 2l1c; barred and white rock, 32c. All No. ' poultry, 3 cents less. ga Tes DuTRetit receipts 54 lbs. and up,

Graded Eggs—Grade A, large, 37c; grade A, medium, 35c; grade A small, 26c; no grade, 26c. Butter—No. 1, 44% @45c; No. 2, 42%@ 43c; butterfat, No. 1, 41c; No. 2, 38c. (Prices on produce delivered at Indianapolis quoted by Wadley Co.)

19¢c:

WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.18 per, bushel for No. 2 red wheat (other grades on their merits) No: 1 yellow shelled corn was 82c per bushel and No. 2 white shelled corn, 88c; 3 white oats, 42¢, and No. 2 red

ORDERS RAILROAD

POOL AT LOUISVILLE

WASHINGTON, Aug. 18 (U. PJ. —Railroads serving ‘Louisville, Ky., were ordered by the interstate commerce commission today to pool terminal facilities so as to provide expeditious movement of cars loaded with livestock. The ICC said ‘present methods have “seriously delayed” livestock

cars and resulted in unnecessary detention of equipment and congestion of traffic. ! The order was served on the Pennsylvania railroad, Kentucky & Indjana © Terminal railroad, switching line for the Baltimore & Ohio railroad, Southern railway

system and the Chicago, Indian- .' 4

apolis & Louisville railway.

UNIFORM PRICES IN

CHAIN STORES 0. KD /

WASHINGTON, Aug. 18 (U.P) ~' The office of price administration, in amendments to general maximum price.regulations, today changed the method for pricing imported waol yarns and allowed chain stores to continue policies of setting uniform prices on goods and services, The OPA also set specified dol-lars-and-cents ceiling prices on manufacturers’ sales of some 700

cotton textile products, including toweling, blankets, girl scout uniforms and nursery products.

Indianapolis Water Co.

DIVIDEND NOTICE Preferred Stock

The regular quarterly dividend of one dollar and twenty-five cents ($1.25) a share has been declared by the Boa of Directors on the 5% Cumulative October 1, 1043. to holders’ of racora ober 1, , to holders of reco September 12, 1942.

Common Stock

A dividend of twenty cents (20c) a share has been declared by the Board of Directors on the Cl Common Stock payable September 10, 1942, to holders of record August 21, 1942.

FRANK C. JORDAN, Secretary.

within a few hours.

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