Indianapolis Times, Indianapolis, Marion County, 2 September 1942 — Page 8
BUSINES
Automobile. Row Takes on New| Products and Sells Services
ANYONE WHO HAS BEEN BY “AUTOMOBILE ROW?” here in the city has noticed that the tire and auto dealers, if not closed up altogether, have their windows and - showrooms full of all kinds of merchandise, lamps, radios,
porch furniture, etc.
The Indianapolis Chamber of Commerce is mailing out an article to its members which gives a good many instances
of where dealers in war-hit products have turned elsewhere to keep their doors open and the business coming in.
Bendix Home Appliances of South Bend, whose washing machines and other products have lost out in war Tcanvarsion, suggested to its dealers that they take on such sidelines as novelty furniture. This didn’t go oyer so well and so now Bendix believes the best thing is to offer more services as a new
source of revenue.|.
: One South Bend washing Roger Budrow machine dealer bought a carload of horses, built ~ some stables in the rear of his . store. He didn’t have much com‘petition in this business, he said, but he didn’t have such a big supply of horses to sell, either. The point of these two examples is that there are two roads open for the “converted” retailer to use to keep in business for the dura‘tion. Either he must take on a . lot of new products when his reguJar line is banned by the WPB. Or he must convert his salesminded staff to a service-minded one and get them selling services to - customers. Families with appliances, autos: and implements not replaceable until after the war are good prospects for increased service.
» t » SOME NATIVES in the Dutch : East Indies are reported to be making a fortune (to them) smuggling out rubber to Australia. Japs are unable fo catch all the small sailing vessels that slip out from the islands during the night, trying to run the blockade.
~
” » ”
TENANTS IN INDIANAPOLIS|S%:
are getting a chance to check up
on their landlords now. The OPA|}i
is mailing to tenants the forms the
landlords filled out several weeks ago. Tenants have 15 days to com- . plain to the OPA if the landlord didn’t get the facts straight about rent, services provided, etc. : ¥ 2 8 pe ODDS AND ENDS: About 1500 Japs evacuated from the Pacific
coast are harvesting sugar beets in the west now... . . New York City
« 700- 900
PRICES ON HOGS RISE 10 GENTS
Receipts at Stockyards About Half as Large As Yesterday.
Hog prices turned 10 cents higher at the Indianapolis stockyards today as receipts fell to about half of yesterday’s total, the ‘agricultural market administration reported. The top was $14.65 for good to choice 220 to 240-pounders. Receipts included 5825 hogs, 1100 cattle, 400
- |calves and 1800 sheep,
HOGS (5825) Good to Choice— 120- 140
300- 330 330- 360 Medium— 160- 200 pounds Packing Sows
Good and 270- 300 300- 330 330- 360 360- 400 Good— 400- 450 pounds 450- 500 pounds
13.85
. . [email protected] sesesssssses [email protected]
14.10
sesevevesens
edium— 250- 550 pounds Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE (1100)
Slaughter Cattle & Calves - Steers
Choice—
pounds : $Y. [email protected]
@16.00 . 15. 00@16. 00 0d —
700- 900 cessnssssese [email protected] D0 cesesses BX in
1 Incite 00
tressessases [email protected] +» 11,[email protected]
AN 75
POUNGS «.esssieese. [email protected] pounds cosseveesses [email protected]
900-1100 1100-1300 1300-1500
sss000000se
1300-700-1100 pounds 1100-1300 pounds
Common— 700-1100
tresses
Heifers
pounds pounds
Choice—
di! 0- - 500 pounds.
500- 900 pounds Cows (all weights)
Sevetenscsne
Good garment firms, whose workers took
wage cuts to get work, obtained|c¢
- one-fourth of the army’s 2,220,000 raincoat order. . . . Texas cotton . farmers, fighting leafworms, complain of a shortage of poison. . , . Rubber heels (made of salvaged rubber) will have “V” stamped on them. , ., . About 2700 from Wall Street are in the armed forces and girls are taking over many jobs. . « « Springs made of thin strips of glass, although not as strong as steel, are reported better resistant to chemicals and apparently have * no “fatigue.” . . . This year’s oyster crop is the smallest since 1921 (prices up 10 per cent or more) * because the 1938 hurricane de- _ stroyed that year’s set and this year’s crop will be from the 1939 set and smaller than the usual ~ 4-year-olds, therefore.
"DAILY PRICE INDEX
NEW YORK, Sept. 2 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100) Yesterday .............
: eete.o 14546 19042 High (Sept. 1) ......... 158.86
Bulls (all weights) (Yearlings Excluded)
Siaesis ezeseserensess [email protected]
. 10. pan. 5 9.7 0.75 8. 75a 0 5
CALVES (400)
Vealers (all weights)
Good and choice 7 Common and medium [email protected] Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves Steers
Chol 500-800 pounds [email protected] 300-1050 pounds . [email protected] oo pounds ...osennenese [email protected] 500-1000 pounds . [email protected] Common— 500- 900 pounds [email protected] Calves (Steers) Good and Choice— 500 pcunds down Medium— 500 pounds down Calves (heifers) Good and Choice— 500 pounds down Medium— 500 pounds down
SHEEP AND LAMBS (1800)
Ewes (shorn) Good and choice
sscssvssescoe
[email protected] [email protected]
4.000 5.25
Good and Th ig 13.75@14. Medium and 12 a %
Common [email protected]
Standard Oil Co. of Kansas six months ended June 30 net income $137,259 equal to $1.61 a share vs.
1942 Low (Jan, 2) . 151.54
$163,065 or $1.79 in the 1941 period.
of MOTH HOLES—BURNT WORN SPO
LEON TAILORING CO 235 Mass Ave, In the Middle of
the First Block
HANGERS—I¢ EACH
‘We buy usable ite arment 2 Rn foes
41 Stores A Al wb Indpls.
poo,
IEEE
SHERWIN WILLIAMS . Bas a Paint for Ev Because it Lasts Longer.
VONNEGUT’S :
~ WHEEL CHAIRS Why buy one? Rent one at
HAAG'S ALL-NIGHT 22nd and Meridian
* = $1.00 yr — Your * |e
FUR COATS Rie SIAN Ideal in the State
INDIANA FUR CO.
112 East WASHINGTON St USE YOUR GREDIT o MIOS ERIN'S
CLOTHING
131 W.. on St. Directly Opposite Indiana Theater
WE Buy Diamonds
HIGHEST ase PRICES
STANLEY Jewry Go.
113 W. Wash, Lincoln Hotel
"WASTE PAPER AMERICAN PAPER
STOCK COMPANY Limi 320 W. Mich.
OE 08,8 D0
13.00015.00 N [email protected] Om
13.50 | Radio
0 : around $14.50;
Selection. of New Fall & Winter # pparel
IB
Girl workers in the “driver’s seats” find the complicated weapons are easy to handle on the firing range. The company employs hundreds of skilled women in assembly and precision work on the guns.
NY STOCKS
8y UNITED PRESS
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
Net Last Change Alls chai. 131% Vs Ss a -—0.05 Am Can 0.96 —0.70
-0.40
High 131% 23%
Yesterday Week Ago Month Ago Year Ago +. High, 1942, 114.22; Low, 92.92. High, 1941, 133.59; Low, 106.34. 20 RAILROADS
Am Ra 88... Am Roll Mill.. Am T&T 20 Am Tob B .... 43 Am: Water W.,
Yesterday | Week Ago % Month Ago Year Ago High, 1942, 29.01; Low, 23.31. High, 1941, 30.88; Low, 24.25, 15 UTILITIES a Yesterday ......... srue series 11.56 Week Ago . s | Month Ago .... Year Ago High, 1942, 14.94; Low, 10.38. High, 1941, 20.65; Low, 13.51.
Atch Atl Refining vie 3alt & Ohio .
Be E Bord
bE eb 4 +4]
2
Cons Bison “ Cons Oil Corn Prod .... Curtiss-Wr .... Douglas Airc .. Du Pont :
Eien Auto-L ... Gen Electric . Gen Foods .... Gen Motors . Goodrich Goodyear ‘Hecker Prod Hudson ' Motor . Indpls P & Lt. 11. Int Harvester . Int Nickel Int, T&T Johns Man ... Kennecott
secessesensae 11.48
Complete New York stock quotations are carried daily in the final edition of The Times.
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities Dealers. ek
1g Belt RR Stk Yds com..... t RR Stk Yds com 4 | Bobba-Atesrin
L-O-F Glass . Monsanto Mont Ward ... Nash Kelv .... Nat Biscuit ... Ya Nat Cash Reg. he
Nat Da Lu
4 Pan Am Airway 18 Param} Pict .. 157% Penn RR 1% Phillips Pet.. procter & G.. % pid ..... vees.108 Ind Hydro Elec 1% Fo ceri a8 Ind Gen Serv 6% Dp y Indpls PL 8% 2% oa 1, | Indpls P. Indpls Water 8%
3% f 14%
Repuplic Stl 8 SB
ears Roebuc Socony-Vacuum South Pac .... Std Oil Ind ... Std Oil NJ ..
: y Swift & Ci
Co §% Bd ‘ Van Camp Milk os West Union ... 2 Van'\Cautp Milk om ae Jest Air Bke.. Vhite Mot
Solworth
ellow .e Sheet |. 20%
Youn Zenith Rad ... 143%
CHICAGO LIVESTOCK
Hogs—Receipts, 10,000; less active and early; generally 10 cents. higher on all weights; some early sales 15 cents higher on weights over 240 lbs. and on. sows; good and choice 190-270 1lbs., $14.50@ 14. 65: ; 270-330 1bs., [email protected]; 160o 00@14. 35; ood and choice sows, 330-400 i $13.65@14; good 400-550 1bs., [email protected] ; 8heep—Recei ts, 4000; spring lambs mostly 25 cents lower; Western dropped more; eight Souble choice Wasting on Springers, thay ulk good and choice @14. is; ‘throwouts draggy at Jeariings, si HL 28 lium Western ewes, Today's Lrade--No early sale on oa lambs: bidding fully 25 cents lower or up to $14.25 on hy Yin ds held steady at little doing on other
clases. Cattle—Receipts, 14,000; calves, 700; choice fed re with weights “ik Sizable S supbly on shipper account, $15 Roaning tops, $16.50; and gla herd hig her; all yearlings and other grades od ie weight and wight steers, 5 cents lower; general market fairly active however, with bulk, $13.25@15. Hd
ara +99 5s 65 .. 104% 69 107%
sesso
OTHER LIV VESTOCK
FT. WAYNE, Sept. 2 (U. PB.) ~—Hogs— 5 to 10 cents higher; 220-240 1bs., 200-220 1bs., $14.35; 180-200 Ibs. $14.30; 160-180 1bs., $14.25; 240-260 1lbs., $14.35; 260-280 1lbs., $14.25; 280-300 1Ibs., 300-350 1bs., $14.10; 350-400 1lbe., 150-160 ‘1bs., $13.65; 140-150 dhe. ts. is 15; 100-130 1bs., $12.90 i ewes, $5.28
inte, 3650: igner ‘cattle weak to
RooaT anon
vy : reas ade full-feathered, 10e:|!
ponies. 3 Gente. ne. v ‘celpts 34 ow
grade & A. rae gn wade fer slo! EE os or Er _— :
and ap, .
a e, 38¢c; mall, 380:|
+, B%0 tT :
|6
$14.45; }
jiu J : Calves, $15.50; Jams, wi
Pretty sight for American eyes but bad news for the axis is the symmetrical line-up of Bofors antiaircraft guns, covered and ready for shipment, at the Firestone Tire & Rubber Co. in Akron, O.
1,130,000 DAYS LOST IN STRIKES
War Labor Board Settles 205 Disputes in War
Industries.
WASHINGTON, Sept. 2 (U. P.).— Strikes in war industries caused a loss of 1,130,678 man-days work during the first seven months of this year, the war labor board reported today. A compilation of lost time from Jan. 1 through Aug. 31 showed that, on the average, eight out of every 16,000 workers were idle because of strikes in industries covered by the report. The report showed that 295,734
| workers ignored the pledge of labor
and industry leaders not to strike. The pledge was made at the request of President Roosevelt soon after the United States entered the war.
Decline Since June
Non-defense strikes were not included in the compilation of the board. United States conciliation service reports indicated that there usually are three or four times as many non-defense as defense strikes in progress. The board reported. that man-
days lost: by strikes in war industries increased from 46,000 in Janiary to
+-1a peak of 255,000 for the: seven
months period in June. The July total was 234,000. Reports for August have not been compiled.
254 Cases Pending From Jan. 13, the date the board
was established, through Aug. 31,
Labor Secretary Frances . Perkins sent to the board 459 disputes involving 2,603,823 workers. Of that number 88 were strikes involving 84,144 workers.
The board has obtained settlements in 205 disputes involving 1414394 workers. It has pending
‘at the start of this month 254 dis-
putes involving 1,189,429 workers. There were, however, only seven strikes affecting war industries in progress on Sept. 1. These involved fewer than 1500 workers, officials said,
EQUIPMENT TO BE LISTED
WASHINGTON, Sept. 2 (U. P.). —Owners of used construction
-.+ | equipment were ordered today by the war production board to regis-|
ter their equipment with it so that an inventory necessary to the war program can be made.
Calls for: Enactment of |
FDR's Original Anti-
Inflation Program.
WASHINGTON, Sept. (v. P).— President Rogsevelt continued work on his new anti-inflation program today as the C. I. O. called for immediate enactment of his original
| |seven-point plan which it charged
had been sabotaged. The C. I. O. executive board also
~ | bitterly protested rumored plans to
appoint a “czar or supreme dictator
‘ |to regulate the economic affairs of
the nation.” ‘Mr. Roosevelt presents his new program tc the nation on Labor
' |Day, Sept. 7. It is understood to
contain further provisions for stabilizing wages as well as for
' |steadying the ratio between prices
and the cost of living. Rosenman Gets Resolution
The C. I. O. committee adopted its resoltuion at a special meeting and sent it to Justice Samuel I. Rosenman of New York State who has been directing anti-inflation studies for the president. Pointing out that “it is the responsibility and firm duty of labor to assume the leadership in smashing all attempts to thwart the peo-
ple’s all-out war effort,” the resolu |
tion . said “it is more important than ever that the president's entire seven-point national economic program immediately be put into effect.” “The purpose of this program is to prevent inflation and to stabilize the cost of living for all the people,” it said. “Labor must not permit any selfish group or vested interests to stir up: national disunity to undermine the president’s seven-point economic program by playing off one group against another.
What’s Been Done
Here is a’summary of the president’s original program and action taken under it: 1. Stiffer taxes — the treasury’s program for the highest taxes in history has been cut by several billion dollars and is still lagging in the senate with probably several weeks of work yet to be done. The C. I. O. resolution said the present tax bill is a “direct repudiation of the president’s program and a blow at the war effort.” 2. Ceilings on prices and rents— government, officials say rent ceilings have been the most effective of anti-inflation measures. Price ceilings have been broken over several agricultural products and maximum meat PrigERYappatently hinge on adoption of Jproposed on-the-hoof livestock ceilings. No action has been taken on Price Administrator Leon Henderson’s demand for subsidies to maintain ceilings. 3. Stabilization of wage rates— now based on the “little steel” formula which sets up -machinery for granting wage increases consistent with the rise in the cost of living. The C. IL O. approved this policy, but warned that it “does not and must not mean the freezing of wages. ”
Approves Farm Ceiling
4. Stabilization of farm prices— Secretary of Agriculture Claude R. Wickard has approved ceilings at 100 per cent of parity on farm crops, but the approval of Mr. Roosevelt will probably be necessary before action is taken. 5. More investment in war bonds and less consumption of goods—the administration is still resolved to give voluntary bond buying a fair trial before turning to forced savings. 6. Rationing of scarce commodities—the OPA now proposes putting meat -and fuel oil in the east on the ration list with several more articles to come in the next year. The question of nation-wide gasoline rationing is being studied by a special committee.
more + payment of debt-stringent credit controls have been put into
7. Less installment buying and|}
effect.
Col. W. R. Martin, executive officer of the Cincinnati ordnance district, will give the chief address at the presentation of the army-navy “E” to the National Automatic Tool Co. at Richmond, Ind., tomorrow.
INDIANA FARM INCOME RISES
$227, 000, 000 for for First Six|
Months Compares With $147,000,000 in ’41.
Times Special WASHINGTON, Sept. 2—Cash income from farm marketings reached a new high in Indiana and elsewhere for the first six months of this year, the agricultural department reported today. In addition, the prospect of bumper crops loom so large that department officials are urging the feeding of wheat to livestock to aid in disposal of a huge surplus. The national cash income for the farmers from January through June was $5,784,180,000 as compared with $4,011,682,000 for the same months in 1941 and $3,414, 974,000 in 1940. In Indiana the six months total for 1942 was $227,836,000 as compared to $147,244,000 in 1941 and $125,237,000 in 1940. In June alone the total cash income from farm marketings for the stat®é mounted to $41,081,000. In June, 1941 is was $25,457,000 and in 1940 $19,902,000. Livestock accounted for $36, 951,000 of the June total in the state and crops, $4,130,000. For the first six months of 1942 livestock receipts were $192,035,000 and crops $35,801,000. ‘ The Commodity Credit Corp. announced that wheat loans through Aug. 22 numbered 5225 in Indiana and the amount advanced was $1,412,948.67. To cover these loans Hoosier farmers have stored 1,119.324 bushels of wheat in warehouses and 10.666 on farms.
GRAIN PRICES DIP IN EARLY TRADING
CHICAGO, Sept. 2 (U. P.).—Mill buying caused grain futures to maintain yesterday’s advances after a general easing at the opening due to scattered commission house selling on the board of trade today. At the end of the first hour wheat was unchanged to off % cent a bushel; corn off % to 3%; oats unchanged to up %; rye off % to %, and soybeans off 14. In September options wheat was unchanged to off % from the previous’ $1.20% @5%; corn was off % from yesterday's 837%; oats gained 14 from the previous day's 50%; rye dropped % to % from yesterday's 63% @%, and October soybeans were inactive.
WAGON WHEAT
Up to the close of the Chicago market oday, Indianapolis flour mills and tay elevators paid $1.22 per bushel for No. 2 red wheat 1othet rades on their ers) No. 1 yellow & corn was wm, 6s Sushe] and No. 2 white shelled co is te oats, 42c, and No.
home, John D. re presid the Libby-Owens-Ford Glass said today. ; Mr. Biggers demonstrated
|| most significant war deveio
in “glass—metlflux—to a group ol
| newspaper women on a tour
nation’s war industries. The product, designed for use in’s sphere planes, can withstan terrific pressure of “high "altitud Built in sandwiched lay glass and transparent plastic metlflux has a metal and pl flange which permits it to be tached to a plane in such a mann that the glass will not tear from the body under pressure, Cites Other Cases Mr. Biggers said metlflux ses the plane, thus eliminating need of special oxygen tanks for occupants. The war also has brought uses for precision and optical he said, because no bomb or can be fired without a glass but he said precision and glass is one problem of the | try. = Before the war 10,000 tons required annually but now country ‘needs several hu thousand tons, he explained. Make Precision Glass Libby-Owens-Ford has develo at the request of the war prod tion board, a precision glass to res place optical glass for gun and plane sights. It is made from ordis nary plate glass, inspected under &:
miscroscope to insure flawless seca. :
tions. Mr. Biggers said his company entered the optical field, prod by an individual pot method tons a month of many varied specifications for lenses and Another important war d ment in glass is the tuf-flex, wh Mr. Biggers said resists high pacts and even armor-piercing u oi lets. It is used for searchlights, td ship portholes, tank pe 8 mirrors and mosquito boat wind« shields. & Bullet-Proof Glass Th He said the development of golden’ plate, an amber glass which absorbs" ultra-violet rays, was another res cent invention attributable to the war. It is designed for high-flying planes. Bullet-proof glass for Sghter planes with an inset plug to vent the entire section from ; tering is another war developmenty- : he said. Ror Industry can produce all ihe
‘| types: of glass I've mentioned
the country needs,” “MT.
said, “since it can use all the. facile?
ities which formerly produced auto=mobile glass, with the added = : techniques for bending glass to.
‘plane noses, bombardier turrets
the like.”
CHEMISTRY
Trained chemists now in demand, 5 Post-war pros or . bright | « + + Prepare mow by tak. ing chemistry courses after work urs.
General Chemisiry—Tvo afternoons or two evenings weekly for majors in chemistry, medicine and dentistry. ; Quantitative Analysis. — Two evenings each week . . . for chem istry majors. Organic Chemistry—Two evenings each week . ‘Meets entrance’ requirements for medical school Theories 2 Qranie Chemistry. ‘One evening a week . . of plastics,” athens resins,’ stad). rubber, Laboratory Problems — Laboratory work in special problems, For Further Informatoin Call or Write
INDIANAPOLIS CENTER INDIANA UNIVERSITY
122 E. Mich, RI-4207
bere
: Tl MLL rho Trill
HIN
aa neo cAO Oa Non,
Seocvcooececcceoccceec
This grand bourbon draws the crowd wher
” Tis it’s poured. Fact is, Bond & Lillard is so
good and flavorful that it “eteals the show”.
cc CC ces,