Indianapolis Times, Indianapolis, Marion County, 17 September 1942 — Page 12
I — Rr a SR
.
Ho
; Output of War Materials i in ~ Billion Dollars, He
CTION RISE
1943 to Top Estimate of 60 Tells House Migra-
tion Committee.
WASHINGTON, Sept. 17 (U. P.).—Chairman Donald ‘M. Nelson of the war production board disclosed today that the output of war materials in 1943 will-be “much bigger” than the previously announced goal of $60,000,000,000 worth. ‘He told the special house committee on defense migration that WPB had reached the point where it could determine the rate of production of a war plant and that the big problem now was one of scheduling materials. He indicated
that peak production was in prospect for next July by saying that month had been sgt| as. the “cutoff date” for
expansions. . “The only exceptions to that, he added, will be for rubber and other SHfical materials. ‘He told the committee thai “we're almost at maximum production in ‘this country,” but later explained to reporters that what he had meant ] indicate. was that the WPB now ; " estimate the “rate” of maxi-
"Cargo Planes Studied
“By Jan. 1 the articles we must have will be as well scheduled as possible,” he said, “but that means scheduling practically everything in
the United States—for the armocd|”
services, for lend-lease and for civilians.” Production, Mr. Nelson said, is limited by the supply of raw ma- . terials. He mentioned the problem of deciding whether larger cargo planes than those: now in production should be scheduled and said the decision depended on whether the chiefs of staff considered them more
urgent than other types of airplanes. Lack of Policy Hit
“I want to go ahead and build some of these larger planes,” he said, “and we're working on that problem now.” Mr. Nelson said he did not un- “ derstand “newspaper talk” of a con- ~ flict between the WPB and the army or navy. He added that while there sometimes were differences of opinion he considered them a healthy development, Another witness before the committee, Wendell Lund, director of the WPB’s labor production division, warned that lack of a definite manpower. policy was endan-| gering the war effort. The lack, Mr. Lund said, made it impossible to determine the largest and most efficient possible army , that can be serviced by the united states. Mr. Nelson said that even at the cost of disrupting the output of arms and munitions in this coun~ “'try, the demands of our allies must be filled. “Bven if it disrupts our program we must supply Russia with what she needs because Russians are killing Germans,” he said.
Cites Plane Industry
He cited the aircraft industry as an example of the increased production. In 1939, he said, that industry turned out $280,000,000. worth of goods, In 1943 it is estimated that it will turn out $21.000,000,000. The number of work- . ers increased from 39,000 in 1939 to
HOG PRICES UP 5.70 15 CENTS
Full Advance Fs Is Recorded On Weights Above 260 Pounds.
Hog prices today at the Indianapolis stockyards rose 5 to 15 cents on weights above 210 pounds and a full advance was registered on weights over 260 pounds, according to the agricultural marketing ad‘ministration. . Other weights were steady and the early top was $14.40.
HOGS (9375)
Good to Choice— . 120- 140 pounds ..... sevens 2250135 40- 160 servesasseree . . 160 1 1385014.
vo [email protected] oo 14,[email protected] eees [email protected] oes [email protected] Neeosane [email protected]
pounds ... pounds .. pounds .. pounds ..
Tame 160- 200 pounds Packing Sows
‘and Choice~— [email protected] . 14,[email protected] [email protected] . [email protected]
Good— 400- 450 pounds . 450- 550 pounds
Mediun— : 250- 550 pounds ..... foenvons 12.75@ 14.00
Slaughter Pigs
Medium and Good— 90- 120 pounds
CATTLE (1100) Slaughter Cattle & Calves
[email protected] [email protected]
[email protected] roedn wesess [email protected] [email protected] [email protected]
[email protected] . 13.0 0014.2 45 . 13.25 5 . [email protected]
oo 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds ..eeqecceses
Good— 700- 900 pounds ..cessesscces 900-1100 pounds ... 11100-1300 pounds ..... 3003 sto pounds
Mediu 700-1100 pounds .... 1Hos-L 00 ) pounds Com 700- 1100 ) pounds
Chole 800~ 300 pounds 800-1000 pounds
Good— 600- 800 pounds ... 800- 1000 pounds . Mediu. 500- 900 pounds . Common— 500- 900 pounds Cows (all weights) 10. atl. 00
essences
14.15 1 00 15.00
1% 35g14.00 .00
[email protected] [email protected]
sv00gsnt0ss
Good Medium Conan and common.
Bulls (al) weights) (Yearlings Excluded)
Seenniee oabeve basses. [email protected] Ceseeee i [email protected] 3.00 11.00
Good an weights) . um 1. 10.00
CALVES (475) Vealers (all weights) Good. and choice [email protected] Common and medivm 19 S0eh14.50
Cull (75 lbs. Feeder & Sn eker Cattle & Calves Steers
.50 ship,
Rates in New Bills Compare With Old Ones.
WASHINGTON, Sept. 17 (U.P.) — Here are. three sets of tax tables showing how the proposed senate finance committee revenue bill stacks up against present rates on individuals and those approved by the house. (The senate committee rates combine the regular normal and surtax »|rates on individuals with a special 5 per: cent “victory” tax on gross income, part of which is refundable to the taxpayer. This tax is deducted at the source of the taxpayer's income. In preparing the following tables, the treasury has computed only that part of the victory tax which is not refundable—75 per cent in the case of a single man and 70 per cent in the case of a married couple. The tax actually paid will therefore be a little larger than is shown in the tables). SINGLE PERSONS
Present Tax
x-Net Income
21 117
EEE ors po - §8838838388383
400,62 733,130 844,621 MARRIED PERSONS NO DEPENDENTS
= 2 3
Present Tax
x-Net Income
g2338552s8
SOO 00 Uh Lo °
Sgn: 883
732,554 844,013 MARRIED PERSONS" TWO DEPENDENTS
House Bill
- ° a eS
Present ax
x-Net Income
35328
$12 58 154 271
17 1,117
88s
- SA 500 LN £0 1 13 +4 oe
52,160 344,476 731,930 (x)—Net income is income left after deduction of contributions, debts paid, taxes paid, etc., but be‘fore deductions for personal exemptions.
AAA POLL SET FOR COUNTY TOWNSHIPS
Election of township committeemen to administer the AAA program
for 1943 in Marion county will be
held - in each township tomorrow night at 7:45 o'clock.’ At the meet-
ings delegates for the county committee election, to be held Satur-
day, also will be chosen. Polling places are: Decatur township, Decatur Central high school; Franklin township, Franklin township high school; Lawrence townCentral of Lawrence high school; Perry township, Southport high school; Pike township, Pike township community hall; Warren township, Warren Central high school; Washington township, Nora grade school; Wayne township, Ben Davis high school. ‘Wives of farmers eligible to vote will also be allowed to cast their, ballots this year and new regulations allow women to be elected
952| Jan. 1, 1940, to Oct. 31, 1941.
3| from Columbia Pictures Corp., and $137,500 from Universal Pictures Co.
Henry Ford and John D. Rocke-
men receive most. of their money
ported only salaries, bonuses and
7| more and 62 who received more
lily following Mayer were, in this 58 order:
from Paramount Pictures, Inc., and
Inc. for a total of $452,314.
Loew’s, Inc., $334,204.
man, Chicago Stockyards Co., $300,000.
After a slight easing of wheat, corn and rye futures at the opening on the board of trade today, grains gains which were attributed to the proposed new parity formula that S would include farm labor costs. é At the end of the first hour, wheat was unchanged to up ‘% cent a bushel; corn unchanged to up %: oats up % to 3%; rye unchanged to
Five From Hollywood Are|l
Among 10 Highest; Mayer Heads List.
WASHINGTON, Sept. 17 (U. B). —The treasury discl today that fabled Hollywood was national salary list again in 1940, and placed five men among the highest 10 in the United States. At the top of the treasury’s listing was Louis B. Mayer, vice president in charge of production at Loew's, Inc., whose stipend was $704,425. He has led the national parade for four straight years. The treasury: list, which in most instances duplicated figures previously isswed by the securities and exchange commission, covered salaries and compensations of more than $75,000 paid by corporations in the calendar year 1940 or in business fiscal years covering part of 1940 and part of 1941.
Irene Dunn's Total Largest Biggest total shown for any woman in the report was $362,500 for screen star Irene Dunne, but was over a 22-month period, from She worked for three different studios, each of which submitted its reports on different fiscal-year bases, and her total could not be compared with 12-month figures reported for most individuals. Miss Dunne received $90,000 from RKO Radio Pictures, Inc.; $135,000
The income of such notables as
feller Jr. did not show on the treasury breakdown, since such wealthy
from investments. The treasury re-
commissions for personal services. 75 Above $75,000
All in all, the treasury listed 775 persons who received $75,000 or
than $200,000. The nine immediate-
Thomas J. Watson, president of: International Business Machines, Inc., $546,294.
George W. Hill, president, American Tobacco Co., $456,415, Bing Crosby, screen star, $302,314.81
$150,000 from Universal Pictures Co.,
F. A. Countway, "president, Lever Bros. Co. soap manufacturers, $438,778. James Cagney, screen star, $362,500. Clark Gable, movie star, $357,500. Nicholas M. Schenck, president,
Frederick H. Prince, board chair-
ALL GRAINS GAIN ON PARITY PROPOSAL
CHICAGO, Sept. 17 (U. P.).—
all showed slight fractional
on thei}
Eugene G. Grace, president Beth- Ww 19 lehem Steel Corp., $478,144.
Am
* Noel Iiams
Noel Iiams, as newly elected president of the Indianapolis Accident & Health Insurance association, presided over the association’s first meeting of the year here this week. Mr. Iiams is Indiana manager of the Business Men's Assurance Co. Mansur B. Oakes, former presi+ dent of the Insurance Research & Review and now chairman of the education committee of the National Association of Accident & Health underwriters, addressed the meeting which was atfended by representatives of leading Indiana accident and health insurance companies. Other new officers of the association are: H. D. Davis, vice president, and Wendell C. Taylor, secretary-treasurer. Members of the executive committee include E. R. Baker, E. R. Blackwood, C. Norman Green, John McGurk and Barney Ochs.
\'A Y. Stocks
NEW YORK, Sept. 17 (U. P.).— Rail shares led an irregular advance in the stock market in quiet dealings today. Low-priced rails were active with Chicago & Eastern Illinois A up % to a new high at 7%, and the Erie issues around their Yrs for the year on minor gains.
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday +0.17 0.88 0.45 —0.55
LARA A REAR RRR NY 106.38 Month Ago ...... .+ 106.83
High, 1942, 114.22; Low, 92.92. High, 1941, 133.59; Low, 106.34.
Yesterday
Month Ago Year Ago , High, 1942, 29.01; Low, 23.31. High, 1941, 30.88; Low, 24.25. 15 UTILITIES Yesterday ........ Sevavenei Week Ago ......, esesrnsaen, Month Ago ...... eesssarnane 11.67 Year Ago 18.92 High, 1942, 14.94; Low, 10.58. . High, 1941, 20.65; Low, 13.51.
1137 11.51
Low Allied Chem . 131% Allis-Chal 23V Am ¢ 168 Am Rad & S 8 455 4% Roll Mill . . 9% & T 117° 42%
Net Last Change 1312 .... + 14a + 1%
Ya Ya
Ys
Am T Am Am Am Anaconda Armour ‘Ill .... Atchison. Atl Refining .... Balt & Ohio... 3 Bendix Avn . Beth Steel ... Borden
Paro
[+++]
East Kodak ... Gen Electric... Gen Foods ...
| —Millions of persons in oil-rationed |states face the prospect of “uncom-
'| accompanied by a booklet describ-
: PREDICT CORN: YIELD
4| P.) —Indiana’s average corn produc+|tion probably will hit 52 bushels tol 4 the acre this year for an all-time
» Temperature of 65 This Winter.
‘WASHINGTON, Sept. 17 (U. PJ).
fortably cold homes this winter” unless they immediately convert their oil-burning furnaces to coal burners and insulate their homes to cut down on fuel consumption. Those unable to convert their oil burners, will have to keep the temperatures of their homes down to 65
degrees. That warning was issued last night by Price Administrator Leon Henderson. Areas affected are the 30 Eastern and Midwestern states where 96,890,000 persons live and in which fuel oil will be strictly rationed to offset a transportation shortage.
Fuel Rationing Details
the fuel rationing program: 1. The program will start Sept. 30, and machinery for handling coupons will be set up by Oct. 15. 2. Rationing boards will decide how much fuel is needed for each homeowner during the winter season, based on the 65-degree maximum temperature, and issue him coupons to purchase the entire allotment less the amount of oil he already has in his tanks. 3. Purchases between Sept. 30 and the date coupons are issuetl will be compensated for by tearing coupons from the consumers’ books. 4. Local boards will be allowed to make exceptions to the 65-degree temperature rule “to prevent actual suffering in cases where householders lack the financial means to make needed improvements or. where sickness or other factors are Involved.”
How to Heat With Less
Specific allowances would be based on thélB5-degree average, past consumption, the amount of floor space in the home, characteristics of the furnace and other factors. "Henderson's announcement was
5 108 steps which should be taken now to “heat your home with less fuel this winter.” Four specific steps were: “1. Inspeet and adjust heating equipment. “2, Insulate walls and roof or attic. “3. Install doors. ! “4, Weatherstrip and seal air leaks around windows and doors.” The OPA and the office of defense transportation also have warned repeatedly that coal users must stock up on fuel before the winter season to avoid heatless homes and offices. Railroads and barge lines, the ODT said, are better able to handle coal shipments now than they will be this winter.
stormwindows and
OF 52 BU. PER AGRE
LAFAYETTE, Ind, Sept. 17 (U.
Henderson Calls for Top|
Henderson gave these details of}
members at 8 p. m. In the Antlers hotel following dinner at 6:30 o'clock. He will review many new ¢ welding techniques which have been developed during the. last few months and which have added tothe to the speed of welding.
HOOSIER TO BUY FOOD FOR ARMY
Gen. Hardigg Is Placed in Charge of Subsistence Division. WASHINGTON, Sept. 17.-— The biggest grocery business in the history of the world was put into the hands of an Evansville sOldier, native of Uniontown, Ky., today. Brig. Gen, C. A. Hardigg was named head of subsistence in a reorganization of the procurement division of the office of quartermaster general. The reorganization and officers in charge were announced by Brig. Gen. C. L. Corbin, director of pro-
curement, in a formal war department manner,
Purchases Clothing
The procurement division purchases clothing, equipage, general supplies, war aid supplies, women’s army auxiliary corps supplies, army specialist corps _supplies and subsistence. Under the new set-up are four major branches—mahagement control and liaison, operations, service and subsistence. The latter assignment, which wen to Gen. Hardigg, is summed up in the announcement as follows: : “Subsisten will handle procure~ ment of all army food.” What it means is a military secret, but with the new mass army coming into the field it will mean the buying of billions of dollars worth of food and placing the largest grocery orders that the world has even seen.
Long Preparation
Gen. Hardigg, whose brother also is a familiar figure in Evansville,
has spent a lifetime preparing for
just such a job. Since he took an appointment as second lieutenant of infantry, Nov. 30, 1912, he has gerved in procurement in both war and peace and has studied every branch of the service of supply. Another soldier brother is second in command at the famed Aberdeen, Md., gun proving ground and a third died here last week.
FALL PARTY ARRANGED FOR MANUFACTURERS
The Indianapolis Manufacturers Representatives club will hold its annual fall party tomorrow at the Indianapolis Country club. Golf under the direction of Har-
| Wickard ‘Hopes to Make
Limited Supplies Meet Critical Needs.
|| WASHINGTON, Sept. 17 (U. P.), |—The agriculture de |began rationing new. farm mae ‘|chinery and equipment in order te
t today
stretch limited supplies to mee$ critical needs and assure the “greatest possible contribution toe ward meeting the goals of our foode for-freedom program.” The rationing program was starts
ed on a temporary plan ordered by Secretary of Agriculture Claude R, Wickard and covering sales of mae chinery and equipment during the remainder of 1942. . The power to ration farm supe plies was delegated to Wickard by, the office of price administration, which previously had been authorized by the war production board to ration farm machinery or turn the power over to someone else. The temporary plan set up these three classes of machinery: “1. Farm machines vitally essen tial to current agricultural needs and which may not be sold by a dealer unless the farmer has obe tained a purchase certificate from his county rationing committee. “2, Farm machinery and equipe ment not in the first group which may be sold on certification by the farmer to his dealer that the equip< ment is essential for current agrie cultural production needs. «3. Items ‘such as some hand tools and the smaller. horse-drawn equipment which may be sold with out restriction.”
MILEAGE REDUCED BY DAIRY INDUSTRY
A mileage reduction of 33 per cent during July below the same month a year ago was recorded by the state dairy industry, according to a survey just completed by the Ine diana Manufacturers of Dairy
Products association. In addition. to the mileage saving, it was reported that an estimated 31 ‘per cent decrease was shown in the number of gallons of gasoline used. The companies reporting in the , survey ranged from those with two trucks to others operating 90 vee hicles In July, 1941, 739 trucks were in operation among the milk, ice cream, butter and other dairy proe cessing plants in the state. AndAin July, 1942, there were 53 less trucks in use. Firms indicated that ‘they were haridling a larger volume of business due to war activities and the problem of serving the .army camps and military training centers but a great part of the conservation was due to the “every-other-day delivery and consolidation of routes.”
DATA ON BUSINESS MORTALITY SOUGHT"
. WASHINGTON, Sept. 17 (U. P.), ~The senate small business come mittee today urged federal agencies to set up a committee to gather dats on business mortality trends. Chairman James E. Murray (D. Mont.) wrote Harold D. Smith, bud get director, that “not one agency in the entire government, despite the ' voluminous reports and statistics that are being gathered
according to the old Boone, chairman of ‘the golf | committee, and a special music pro- | gram will feature the afternoon ses-
can supply us with any reliable data on the actual mortality trends in each trade and industry, and
up %, and soybeans off % to 3% cent a bushel. The Steagall anti-inflation bill to
Gen Motors . Goodrich Goodyear Hecker Prod ...
Chote 500-800 ounds [email protected] 800-1050 a cases esesssss [email protected]
. |record yield,
an estimated 1,200,000 in 1943. ) ‘monthly crop report released by,
Mr. Lund expressed disfavor of
vo Ld
committeemen.
voluntary enlistments in the armed . services. So long as voluntary ‘enlistments are permitted, no postive policy on the division ‘of manpower between . industry and the armed forces can ‘be made effective by the selective ~ service system, he said.
i McNutt a Witness
“As yet no machinery or principles have been established by which we can determine the largest and most efficient possible army which can be fully serviced by those who are left outside the armed forces,” he said. Mr. Lund testified two days after Maj. Gen. Lewis \B. Hershey, director of selective service, told the ~ committee that an army of between 10,000,000 and 13,000,000 men would require the drafting of married men _ with children. War Manpower Comniission Chairman Paul V. McNutt told the committee yesterday a national service act. appeared inevitable. It would men and women to. serve on i e front where needed and : vest ‘control of all manpower in a
_ single authority. DAILY PRICE INDEX ‘NEW YORK, Sept. 17 (U. P.)— Dun & Bradstreet’s daily weighted peice index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):
WeStErday ...cceoeeerseenae. 159.611
Week ago ss000 00000 eveveis. 15965 Month BBO seeecnrecscanees .157.70
Yi cievenssnsses+J46.93 1982
on homes and business properties at attractive interest rates.
{ TRUST COMPANY
ago igh (Sept. 10) .........159.65 low (Jan. 2) ............15154| 5%
00d — 800-1050 POUNAS ..coseesseses [email protected]
Medium 500-1000 ) pounds sreseessenas . '[email protected] [email protected]
Com 500- "900 ) pounds
Calves (Steers)
Good and Choice— 500 pounds AOWD secesvcvons [email protected] Medium : 500 pounds down Calves (heifers) ood and Choice— 00 pounds down Medium
13.00915.00 [email protected] SHEEP AND LAMBS (1800)
Ewes (shorn) Good and choice ....... Na vind 3 sxe S 5 Common and choice 35 Spring Lambs Good and choice [email protected] Medium and. good 12.10014.00 ‘Comm [email protected]
CHICAGO LIVESTOCK
Hogs—Receipts, 10,000; active weights above 200 lbs., strong .to 10 cents higher; underweights uneven and around steady; sows, 10 vo 15 cents higher; good and ‘choice 210-300 Ibs. weights, [email protected]; top, $14.50; choice 190-210 lbs., $14.25@ 14.40; 160-180 lbs., $13.50@14; sows 350 lbs. down, 3le, [email protected]; 400-650 lbs. weights, $13.715@14 Cattle—Receipts, 4000; ‘calves, 800; strictly good and choice steer yearlings and heifers’ steady, and getting better action; but grassy short fed kind, especially lightweight, stil lslow, weak; choice prime 14251b. teers, $16.50; load choice 1250-1h., $16; otherwise, $13@15 trade in steers; most grain fed heifers, $12.50@14; . best, $14.25; nothing strictly . choice; common, lightweight grass heifers downward to $9.50; cows slow, steady; common and medium beef cows, $9.25@10; cutters, $9 down; bulls, active} steady at $12 down; vealers steady at $16. Sheep—Receipts, 2000; spring lambs slow; bidding ' ‘round steady or upward to $14.60 on choice truck-in lots; held slightly higher at $14.75; throwouts and natives steady at $10.50 down; slaughter yearlings and sheep around steady; good handyweight yearlings around $11.75. ———————————————
‘WAGON WHEAT
today, Indianapolis flour mills and elevators paid $1.26 per bushel for red wheat (other grades on their merits). No. 2 yellow shelled corn was B8lc per bushel and No. 2 white shelled corn sae! No. 2, White oats, 45c, and No. 3 rt
ORTGAGE LOANS
AVAILABLE
We invite your application.
. Prompt Action.
.. H. A. LOANS
Up to the close of the .Chicago market rary $ $1
THREE INDIANA COAL FIRMS PENALIZED
WASHINGTON, Sept. 17. — Code
»| membership of two Indiana con-
cerns were revoked and a third ordered canceled by the bituminous coal division of the interior department today. All were found guilty of minimum price violations. Revocation orders were issued for Claude Galbraith & Son Coal Co., Clay county, and Arthur and Wilson Gibbs, Martin county. The cancellation of membership covers Francis Weiderker, St. Meinrad.
OTHER LIVESTOCK
INCINNATI, Sept. 17 (U. P.).—Hogs— Reoolpts, 2975: weights, 160-180 1bs., 5 cents higher; 180-240 lbs., 10 cents higher; 240 lbs, and up, 15 cents higher; lighter weights and sows, steady; today’ top, $14. 40 Reid 108. good and hi 240-260 .1bs. , $14.35; 280-300 Ibs. and 220. 0; 300-400 1b.
ood : 0 lbs. $13. 130-140 1lbs., $13; good grade sows,
.50. Cattle—Receipts, 425; calves, 200; receipts extremely limited; most early sales and medium g up the bulk at $10@13; sizeable number common steers. going to country feeders at [email protected]; few medium lots up to $12; medium beef cows, [email protected]; cows to $10 10.255 ters, [email protected]; strong weight bulls, topping at $11.75." but mostly $11.50 down; vealers limited, steady; aod and choice, $15@16; out rades, S1as0 down. Sheep—Receipts, 1 Spring lambs Kinds, $14@14. no choice early; out grade jambs down aughter ewes, $6 down.
steady; good kings offered o $7; fat sl
WAYNE,
shal 1bs.,
$13.25; 140-150 1bs., $13, 5; 100-130 1bs., a. 50. stags, $11.50; ewes, $5.25 down.
13; 130-140 bs. RO 25; $15. yy Init $14;
U.S. STATEMENT
Smeg? expenses and receipts for the current fiscal year through Sept. 15 compared with a Yea
Last r Expense 3.162, 5908, 530. a $4,007,320,631.42 War Spd. gL o 1.881 651,666.1 3.0408 as
Ret Bet. 992,217. Ret : gt 9,896,263.52 389 1k 124 845,348.02 32, go; ork. B 963369,467.35 1.656,300, yor ebt. ' 86,096,575,217.71 57.852,759.762.96 | « Gold Res. 22,746, 389,684. 684.24 22,738,175, 855.13 INDIANAPOLIS CLEARING HOUSE $ 5,839
Sar ago:
LOCAL PRODUCE
Breed, sos full-feathered, 20¢;
discussion
20: | Lincoln Loan Co Sn pid .. 83
§|N N Ind Pub Serv 6% pfd
; 280-300 Ibs.,) In
calves, M
WASHINGTON, Sept. 17 (U. P.).—Gov-| hon
-75| Commonwealth Life Insurance Co. 315.38| in Indianapolis, has been selected
oe August. It is the second
include farm labor costs in a new parity formula. was scheduled for today by President Roosevelt with Senators ‘Barkley, Wagner, Brown and other officials. Indorsement “by labor leaders of the proposed new parity bill con-
tributed to strengthening the mar-| XN
ket while traders awaited the out- |X
come of today’s Washington news. a o
LOCAL ISSUES
Nominal quotations furnished by Joval Bait of of National Association of Securi
"Stocks Belt RR Stk Yds c Belt RR Stk Yds 8% | pid Bobbs-Merrill com . Bobbs-Merrill 4%% bp Circle Theater com *Comwlth Loan 0 pid Hom Tak 7 fd ome Pr Wayne % 51 Ind Asso Tel 5% pf » 95
*Indpls P&L BYe5% td Indpls P&L c *Indpls Water "5% pra. Indpls Water Class
Lincoln Nat Life Ins com ... N Ind Pub Serv 5%% pfd.... 80
N Ind Pub Serv 7% pid.. Progress Laundry com
Bonds Algers Wins'w W RR 4%% .. 99 American Loan 5s 5 4 American Loan 96 Cent Newspaper 4 is 42-51 .. 99 Ch of 4%s 61.. 74 Citizens Ind ro hs Consol! Pin 6s 50 97 rah YHICids Taylor 48 i... Home T&T Ft Wayne 5% 3..10
+1105 10
Trac Term Corp Ss 67 *Ex-dividend.
INSURANCE AGENT HONORED R. C. Richmond, agent for the
“the man of the month,” by his ‘company, due to his sales record
Sime this year tat be has been 30 Sosuized.
udson Motor... Int Harvester.. Int Nickel Int T&T... Johns-Man Kennecott °. Regeer G&B' .. L-O-F Glass .. Ling Belt
+;
HELL
. |: . +l . . ..
Va Pan Am Airy. 18} Paramt Pict “. i
FEL E+
West Union .. West Air Bke.. Woolworth os Young Stl Dr ..
Zenith Rad ...
bel
Complete New York stock quotations are carried daily in the final edition of The Times.
®|total corn production in the state " of 212,732,000 bushels, exceeded only
'i;{the soybean harvest was expected
%|bushels an dcre, equalled only in 12 | 1938.
MORE SOYBEANS IN
«| Sicentist for the United States de-
% by adding soybean flour, growth-
#| Purdue university. The Sept. 1 outlook, announced | Herschel’ Burney and Frank
yesterday by M. M. Justin, Purdue agricultural statistician, was for a
twice in the state’s history—both times on much larger acreages. At the same time, Justin said,
to amount to 29,400,000 bushels, about twice the previous state record. The average soybean yield was expected to be around 20
U. S. DIET PREDICTED
LAFAYETTE, Ind, Sept. 17 (U. P.).—Speakers at the 22d annual meeting of the American Soybean association yesterday predicted that soybeans, rich in proteins, used as a food may relieve the critical meat 7 | shortage. Dr. D. Breese Jones, Washington,
partment of agriculture, said that
promoting value of ordinary white flour could be increased four-fold. Director of the national agricultural extension service, M. L. Wilson, Washington, said that “only now. are we beginning to ‘understand why in the Far East soybeans have been the poor man’s meat for
the past 50 years.”
Men's
‘® §ee These UNREDEEMED
Clothing
“A SAFE DEPOSIT _
SUITS
Values Before You Buy!
sion.
Douthitt of the enfertainment committee have arranged for a floor show during the buffet dinner hour at 7 p. m. In addition there will be entertainment by Harry Bason and Frankie Parrish of station WIRE, a
28-voice male chorus from Kingan|f
& Co., and the U. S. Naval Glee
club. Miss Kay Keiser will have |]
charge of the entertainment. Hal Hasbrook, club president, will be master of ceremonies. ‘Two hundred wholesale buyers and club
for enterprises of various sizes.” Senator Murray and other come mittee members recommended a fact-finding group of representatives from the coranmerce department, the office of price administration, the war production board, labor depart ment and federal security agency.
To Keep Valuables Safe Rent a Safe Deposit Box at
“3%. THE
INDIANA NATIONAL BANK
members are expected.
of Indianapolis
‘ and_Bullders “@& Vermont
pi FUR == |
Easy Tol Free Storage
MANAGEMENY end LEASING: Office Space Retail Locations Commercial Warehouses
SELLING: Business Properties APPRAISING: