Indianapolis Times, Indianapolis, Marion County, 24 September 1942 — Page 12
"Fishing Making
Industry Not Capable of
Up for All ‘Meatless Days’
—By ROGER ‘BUDROW
LIVED ALONG
THE COAST of this country,
hances of our substituting fish for meat would be much js But even so the experts say the fishing industry no position to make up entirely the “meatless days.”
The
g industry has had many of its boats requisitioned
navy and’ many of its crew members were aliens. Also are harbor limitations now and in some fishing areas
’S are necessary. , of course, applies only to} frozen fish which makes up about 60 per cent of this country’s. annual consumption. The re“mainder is canned or processed, "mostly salmon
Atlantic ' herring and mackerel to sure its orders are filled first. definitely looks like a memthe “scarce” list. This year’s is even below last year’s. £4 s = = TF DUE IS GETTING lots of icity on its thyroid operations beef cattle, since meat-ration-
ge. steer, getting the same gained 1.8- pounds. The ht increase continued about weeks after -the operation, ‘tapered off. : 2 = = : WO ITEMS in the day’s news: IDIANAPOLIS—Local Power &
Co. produced 73,711,000 kilo-|
j=hours of electricity last month, all-time high. New daily and tly Tecords were reached also. ge U. S. household uses 84 tt-hours a month. DKYO--(Enemy broadcast reed up U. P.)—Effective Oct. 1 vidual Japanese households will limited to 20 kilowatt hours of ‘power monthly, $13 for each ditional hour of permission is
Ie
‘ODDS AND ENDS: - Since Belt ilroad & Stockyards Co. here cut common stock dividend Tuesday, for that stock have- dropped «+ . Frosts have cut Argentine : production this year. ., . Those er-Hughes cargo planes will be cent “duramold,” a plywood a super-glue. . . . Jewelry ‘makwant government-owned silver sed so their production won't short of anticipated holiday . « « » U. 8, Gypsum Co. spent ,000 defending ‘itself against ronment anti-trust charges (and n). . . : Steel mills are hunting a ubstitute for palm oil, once importBd from Sumatra, used for lubricatg cold rolling mills. y
EDICTS CLOSE OF
ator James E. Murray (D. .) predicted today that gold silver mines not already shut n by supply shortages and lack
we production board to free manwer for “strategic mineral” miiles. psing that the WPB is aldy seriously considering closing gold mines which are still in ation, Senator Murray said ds of miners were needed in -and chromite mines.
9 THE ANA NATIONAL BANK ot Indianapolis
'abouj~the July level.
STATE FACTORY
Business Picture,’ I. U. Reports.
ployment during August was the brightest spot in the Hoosier bust-| 4 ness-improvement picture, according to the current issue of the In-| diana Business Review. “Under normal conditions,” said
the review, published by the Indiana university bureau of business research, “factory employment in
from July. “However, this year August factory employment was more than 5 per cent greater than in July.” Chiefly responsible for the rise, the review said, was a seasonal expansion in the canning plants. It added, however, that “figures not available for publication indicate the growing importance of the state in the war effort.” The rising importance of the state in the war production program may also be seen in the ‘trend of retail sales, it was pointed out.
Merchants Stock Up
“Department store sales in Indliana compared with a year ago were considerably ahead of many other parts of the country, especially the larger industrial areas, indicating a rising trend in income at a time when many parts of the country seemed to have reached a plateau,” the review commented. “The high level of retail’ trade which prevailed in Indiana in August may also have been in part in anticipation of gasoline rationing; a stocking up by small town and rural buyers while unrestricted
able. Effective gasoline rationing,
‘when it comes, will increase the im-
portance of the country general store and small town retail outlets as trading centers.”
Mills Need Scrap
advertising lineage remained at Bank debits, adjusted for seasonal factors, showed a substantial gain over the all-time high set in July. Coal production fell sharply, probably as a reaction to the heavy buying of ‘the preced. ing two months. The lack of iron and steel sovap
duction, the review said, although August operations were "about - the same as July’s. Electricity production continued at the highest rate on record. Cash receipts from the sale of cattle and hogs were about the same as in July.
: JOBLESS BENEFITS FALL TO NEW LOW
As Indiana war production rose steadily, ‘state-wide unemployment co benefits struck a new low in August, Col. Everett L. Gardner, director of the Indiana employment security division, said today.
|. The payments decreased 24.7 per
cent last month to $494,774. Con-
9 Different Sizes
$330 $
Member Federal Deposit OE Insuiance Corp"
curs y Trust 00,
» Clothes, Any Clothes Today! idl
‘The : “old clothes buyer, whose ery was familiar on the. streets . 30 years . ago, is gone. Want Ads have taken his place, and, according to Mrs. Harryman, 701 E. 20th. they do a great job. “AS; proof. she points to ber | one-day ad" that sold. 4 dresses’ and a ‘hat. And she adds: “Quite frequently 1'have ‘dresses, hats, suits:or coats that
§ dispose of through an gu | price 1
: Want Ads.” You, too, ¢an. get. cash for those no longer needed articles through a low; Cost
© TIMES Want Ad
$100 a Year 7
tinuing a six months’ decline, the payments were $55,000 below those of August, 1941. This, according to Col, Gardner, ‘marked the first time this year payments have been less than for the corresponding month in 1941, July payments were $617,245, He viewed the further decline in unemployment insurance payments |'® as encouraging for war production in Indiana. “Although there: have been and|ge will continue to be lay-offs, it is anticipated that periods of unem-
need grows for additional workers In Pu industries, * Col. Gardner
Dun &. Bradstreet’s daily weighted | 2 dex of 30 basic commodities, comp. led . for United Press (1930-32 average equals 100): : || Yesterday .... Sesser 160.10 || Week Ago: sessesssseressveise 159.21] ors
{| Montis Ago. Baeenivesatane ens 457.52
ear Ago . SP Avs sree 145.38 111642 sigh capi. 22) ....0000. 160.63
" Phone RI-5551
11942 Low (an. 2) .
Serius 15156
was o DAMAGE INSURANCE
”
JOBS INCREASE :
‘Brightest Spot in Hoosier
Indiana’s expanded factory em-| 3
August is practically unchanged ;
transportation facilities are avail-|
The review stated that newspaper| Mediun—
‘|will soon be hampering steel pro- Com
ployment will . be lessened as the|lbs
DAILY) PRICE INDEX} NEW YORK, Sept. 24 (U. P).— |
Top Advances to $15.10 as 9675 Hogs Arrive At Stockyards.
Hog prices advanced 10 cents at the Indianapolis stockyards today, the agricultural marketing administration reported. The practical top was ‘$15.10 for
reached. Receipts included 9675
HOGS (9675) to Choice—
pounds pounds
S0000000000e 14.80 ‘esssessssese 14.85 esssvssssess 14.95 $sesesessees
ts easianvn15.00 ssesssesesay 14,96¢
15.05
sescesvences [email protected] eesessssacss 14.7 3
esssscesnnee 14.75
50 pounds [email protected]
pounds Meo 550 pounds Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE (925) Slaughter Cattle & Calves
eevscssscene ®evesseeseee
sesedeetnn $13.00014.38 ; Ssccsssesces 14, 14.80 | ~ S000 sane Ju =
4.856 esssccenssns 147001485
good to choice 240 to 280-pounders | \ but an extréme top of $15.15 was|
hogs, 925 cattle, 450 calves and 1800 r
Ce
Knowison Warns of * Over-Optimism About
~ Production. - PITTSBURGH, Sept. 24 (U. P).
§ |—J. 8. Enowlson, vice chairman of
Henry J. Kaiser's Oregon Shipbuilding Co. launched this cargo
ship, the Joseph N. Teal, yesterday, just 10 da,
after its keel was laid,
breaking Kaiser's own record of 24 days from keel laying to launching, Moreover, he expects to deliver it next Sunday, thus breaking every shipbuilding record in history.
700- 900 pounds essere y 13.50 900-1100 pounds ..... 3.50 1100-1300 pounds ..
"NN... S TOCKS
8u8z 3ghe
1300-1500 POURS +.ussss
Medium : 700- 1100 pounds. ® Ssevsepene 1. 75: 1100-1300 pounds ......oesevee 11.75 Common 700-1100 pounds
Cholce— 600- 800 pounds ... 800-1000 pounds ...
600- 300 pounds ..eeceseses 800-1000 pounds... sesseses
Medium--900
13.50 13.75
enesaneess 14,00 sesesccsss 14.00
15.00 15.00
- 13, [email protected]
[email protected] Cows (all weights) [email protected]
7.50
Medium Cutter and common Canner
Bulls (all weights) (Yearlings Excluded)
eef— . csesecsns.s [email protected]
3908, esse
Medium veessesess [email protected] Cutter and ‘common [email protected]
CALVES (450)
Vealers (all weights) Good and choice Common and medium Cull (75 lbs. up) R Feeder & Stocker Cattie & ‘Calves
Choice 500- 800 pounds 800-1050 pounds ..
12.00 11.76
13.00 12.75
“seco snnene
500- 800 pound - 0! B coevecnsvencs D [email protected]
800-1050 pounds e.... Medium Er ; 500-1000 pounds essesenssasss [email protected] Common--— 500- 900 pounds « [email protected] Calves (Steers)
Good and Choice— oe pounds AOWN sevvisnsese [email protected]
Cal Good and Choice— Medium—-
SHEEP AND LAMBS (1800) Ewes (shorn) Good and choice Common and choice Spring Lawley Good . ‘and choice Medium and good
5.25@ 6.00 $ 4.000 5.25
[email protected] 13.00@ 14.00 [email protected]
Hoge—Recelnts, 10,000; weights, 200 1bs. up, stead, weak, with Wednesday's average; 200 Mos. down, slow and around 10 cenis lower; sows, i0 to 15 cents off; bulk good and choice 220-300 Ibs., $15@ 15.15; top, $15.20; 150-190 Ibs., occasionally [email protected]; ood and choice Sows, 380 lbs. Sown, $14.90@15; 400-500 1bs, [email protected] Cattle — ’ Receipts, 5500; calves, Strictly choice steers steady; all other slow, weak 25 cents, mostly 10 to 15 cents lower; excepting strictly top cattle, general market fully 25 cents under week’s high time top; $16.90 paid for choice or me 1200-1b. averages; best yearlings, jis, 50; bulk fed steers: and oa s, $13.50@16. 25; heifers, steady; top, $15. cows moderately active, stron with Jeighty cutters to $9.25, and good range $11.50; bulls firm and active with weighty harry e offerings, $12.50; vealers steady at , extreme top, $15.50 fal 3000, oe bareiy a] other . quarter Saasses $40 Lew lots choice medium Ss, and - choice, Th es largely, $11.50 down; oA lightweigh ight yearlin 5 $13; medium to good Jota. wt 25@11. few throwouts, $10.50 di two a handyweight western en 5. 60; most small lots natives, $5.50@6.
OTHER LIVESTOCK
WAYNE, Ind, Sept, 24 P.).— Hr cents a her; 220-240 tne, "$14. 80; 200-220 ibs., $14 ‘180-200 1bs., $14 4.65; 160-180 ibs. $14. 55: 260-280 - lbs)., $15; 300-350 lbs., $14.80; 150-160 Ibs, $14. 10: 14 130-140 Jo $1 3.60; 100 "$13.35 en S, $14; stags, jim: calves, $15.50; $14; ewes, $5.25 dow:
CINCINNATL, Sept. 24 (U. P.).—Hogs— Receipts, 3700; weights over 160. lbs. 10 sents A her, weights under 160 lbs. 15 higher, sows 25 cents hi
Te ih: 280-300 lbs.
iambs
$14.25; 730.040" 155, Hh 39159 +) Ho Cattl 1 eoois t: oot 1 50; ee tle—- pis, ; calves, 2 fairl ‘active, fully steady; good 1460-1b, rid
. stee $14, 50; top medium b. og m :
d medium steers 10@13; canners and cutters Srvnuard to Sommon anand vi: 41001035. good cows, Se oe Higher; uly Steady. ro Tuy
choice jis@ls, ou gees Rid fully a "top io, eos
[email protected]; out- fa300d $7; fat slaughter i-eraaes ‘down ow
0, S. aT
or 25H ASHINGTON. som, 24 4 Lo. ‘P.).—Gov-
for the current fiscal ear the pared with a Toa Be 32 com.
Last Year. | Expenses $14, 81080 802 95 $4,5 in dose am Too. tf ow Verey 2 mbm old, it may have about 70% of its
original capacity (assuming it’s had good
Net tot. Ji 2, 360, 0.518 20 . 9 'y i] aL. iam § 3348.08.30 i . e1is3 samen 580 Tes. 50,374,908.32 23,747,074,701. 1
Ete re HOUSE Clearings ... Sheseiiesncnansesse§ 3,718,000] 10,528,000]
seeeerean fesse sevsinie per *
A i i
eoees [email protected] rs ® AR
. 13.00@14,00| &
U S Steel pf .. Warner Bros .. West Union ... West Air Bke . Westing El .... White Mot ...: Woolworth .... 28 Yellow Tr “Young Sheet ..
her; Thurs-|
3061 Te : 0 a : we. ’ sa; als el 0! AE CAE
9.50 Borg-Warner .. seas vans an senis alba ven siun 5.78@ 17.50| Bdgpt Brass ... Chrysler
Di Good (all weights) sssssssss [email protected]| Dow Chem
5| East Kodak ..133 Elec Auto-L . Gen Electric ..
Indpls Pr & Lt 10% Int Harvest . 49 Int Nickel 28} Int T&T Johns-Man ... 58% Kennecott ..... Kresge 88 19%, L-O-F Glass ... Monsanto Mont) Ward ... Nash-Kelv .... Nat Biscuit ... Ya Nat Cash Reg 1 Nat Dairy . NY Central . 9% Owens Ill Glass 49% . [email protected]| Packard 2% Pan Am Airways 19% Paramt Pict .
500 ‘pounds down «ci... ness [email protected] P
30%
oo 15%
“ou 164
UNAS dOWN coer eorionsn [email protected]| Phillips Pet ... 500-pa . Procter & G ..
CHICAGO LIVESTOCK |: on
United Aircraft 20% Un Gas Imp .. 3% U 8S Rubber 800.lU 8
eee 20% Steel ....., 47% 109% 5% Ys
1 31%
Net Last” Change Y%
+ ES
++
DEE
HbR [RE FED LEE bE bb
[41 4+ [++ H+] |
PEE EERE SReREees ose :
EEE See
Ya
1s | Week Ago
% | Year Ago
Cee 5 PITS
&
DOW-JONES STOCK AVERAGES
30 INDUSTRIALS Yesterday srcessacene asses . Week Ago escecsassess 106.66 Month ABO ..cevvsevesscrane 106.03 Year ABO ..ciecesssceies «oe 126.38 High (1942), 114.22; Low, 92.92, High (1941), 133.59; Low, 106.34. 20 RAILROADS
sess tsssscsargans
-—1.16
Yesterday Month Ago
®esecsssssscssnee
High (1942), 29.01; Low, 2381.
| Hish (1941), 30.38; Low, 24.25,
15 UTILITIES
High (1942), 14.94; Low, 10.58. High (1941), 20.65; Low, 13.51,
Complete New York. stock quotations are carried daily in the final edition of The Times.
FARM BLOG VICTORY
LIFTS GRAIN PRIGES]=:
CHICAGO, Sept. 24 (U, P.)—|M
Wheat futures advanced more than
a cent a bushel in opening trade|pup
on the board of trade today following the farm bloc victory to incorporate labor costs in the new parity bill. Early gains were partially checked. * At the end of the first hour wheat
and corn were up % to % cent al
bushel, oats up % to 3%, rye unchanged to off %, and soybeans up %. Wheat, reaching a price peak for the past three months, reacted to the house passage of .the anti-in-flation bill last night forcing the adoption of an amendment to pro-
vide higher parity Prices for farm,
products. ~ ‘Wheat, under the parity - bill would be raised to $1.50 a bushel instead of $1.34, current parity level. Cautious traders spoke of the possibility of the president’s veto, and this, coupled with profit-taking,
3 checked the early bulge.
‘Since so many batteries are
care). ‘Prom: that poiat, however, it fades pid A a monde, §t say muse
+0.68 . weasly +0.48
| the war production board, told dele-
gates to the meeting of the Iron and Steel Engineers association here
{last night that war production is
now three and a half times that|f
§ lof 10 months ago, “but he warned|i against optirnism.
“You now see war output stepping up in spite of all our diffculties, rising three and a half times what it was 10 months ago,” Mr, Knowlson said. “We're a besieged nation at war, yet we still have optimists who think the war will stop before it actually touches us,” he added. “We've done an efficient job of converting for war, yet there were those who once thought our production job was completed and Hitler would fade away, that we would scare him out of the war. “But here are signs that the Pollyanna age is being replaced by an age of realism; we're beginning to recognize the truth of the situation, to know we've been behind the - eight-ball.” Earlier in an interview, he warned that the labor supply problem was growing to reach the magnitude of the material shortage difficulty. Shortages already are existent in copper, coal mining and lumber industries, as well.as farming, he said.
LOCAL ISSUES
Nominal quotations furnished by local unit 2 National Association of Securities
*Comwlth Loan 5% pid....... 93% Hook Drug Co com
89 ind Is Water 8% pid. Cae s Water 5% pfd...... on dpis Water Class A of ou 18 I Loan ol «3 Lincoln Nat id N Ind Serv Fo Fi
*IN Ind Pub Serv 6% pfd
N Ind Pub Serv 7% pfd rogress Laundsy com Pan Serv of Ind 5% p Pub Serv of Ind Sia com. So Ind G&L 4.8% pid Union Title Co com
Van Camp Milk pfd Van Camp Milk com
Bonds
Algers Wins'w W RR 4%%... American Loan 3 31 American Loan 5s Cent Newspa) Grae 42-51..... 99 Ch of Com bo 4158 51... 74 Citizens ind Tel 4Y28 61 Consol Fin 5s 60 Crabb-Reynolds-Taylor 4s .... 83 Home T&T Ft Wayne 5%s 58. 103 Home T&T Ft I code To bs 43.. as 0
LOCAL PRODUCE
Heavy breed hens, {full-feathered, 20c¢; Legh hens, 16c. Springers, 1% lbs. and over; colored, 20c; barred and white rock, 21c. All No. 2 poultry, 3 cents less. BSEACuri ey ooipte 54 bs. and up,
Graded rade A, large, 38c; grade A, medium, ;. grade A, small, 26¢; no
aa, Butter—No. 1, Nestie; No. 2, 45@ 48%c; butterfat, No. 1, No. 2,’ 43c. ( on produce Yicion at Indianapolis quoted by Wadley Co.)
Incorporations
Paper Service & Office Supplies, Ine., Indianapolis; change of agent Chas H. rue, 33 8. Delaware st. Yn apolis. Brown-Forum Distillers Corp., Louisville, Ryd .;_ registration of trade-marks, King Re Red Label bel” and “King Black Label,” pe whisky. Purity Mills, Ine, Chicago, Iil:’ registration of trade-mark, “Honey Munch,”
class 45: foods and ingredients of foods.
Hiland G. Batcheller, president of Alleghany-Ludlum Steel Corp., is the new head of the WPB’s iron and steel branch, He succeeds David F. Austin, deputy chief, who has been acting chief since the resignation of Reese Taylor,
STATE IN TWO FUEL OIL ZONES
Indianapolis in Northern Area Designated by OPA Map.
Indiana is divided into two zones for fuel oil rationing this winter,
‘laccording to plans announced by
the office of price administration in Washington today. The northern part of the state is in Zone B, This includes all the northern. part of the state south to and including the counties of Union, Fayette, Rush, Hancock; Marion, Hendricks, Putnam, Parke and Vermillion. The remainder ot the state is in Zone C. The boundary lines were drawn after a study of weather bureau statistics. Sub-zones will be set up with the four major zones to allow for local temperature variations.
‘|Englishman Buys
Hoosier Percheron
Times Special CHICAGO, Sept. 24—The beginning of Europe's anticipated trek to America for seed stock
was witnessed in southern Indi ana last week when the Percheron mare, Nerva, winner of many grand championships, was sold do an English buyer for the top price of $2600, the Percheron Horse Association of America reported today. The sale was at the Fairholme Farms of Lewisville. High-price stallion was the imported Nesus, an international grand champion which brought $950. Another sale was held at the Lynwood farm at Carmel where the imported Nora, selling for $700, and Don Again’s 5-month-old son, Robert, selling for $400, were the top sales.
GETS BUILDING CASH An allotment of $5500 has been granted the Southern = Indiana Rural Electric Co-operative, Inc, to provide an office headquarters building for the Co-operative at Tell City. Harry Slattery, rural electrification administrator, said the fund was: to cover unanticipated expenses in connnection ‘with former
allotments.
65 Per Cent of Corn Safe
| In Northern Indiana,
Bureau Says.
The scattered frosts in the northe ern part of Indiana have been too
light to cause substantial damage,
the Indianapolis weather bureau said today in its weekly crop bul
{ letin.
“Plowing and fall seeding made good progress in most. areas,” the bulletin reported, “and barley and rye in the south are coming up,
: | Wheat sowing is reported in only a
few fields but the work is due te get under way in the north. “Corn dried well in most areas and now averages from about 65 per cent safe in northern fields to prace tically the entire crop in the south, Silo filling has increased over the state, while in ‘the south some corn was cut and shocked and some husking for feed is reported.
and most of this crop intended for hay has been cut. The larger part, however, will be. combined later, Potatoes in the north are showing some high yields and &pples are an average crop of good quality. ' “Digging sweet potatoss has starte
and cutting of sorghum for molasses made progress during the week, The tomato harvest is well past the peak but is continuing most in cene tral and southern fields, with some damage due to continued wetness, New clovers responded favorably to ample moisture conditions and gene erally are in good to ‘excellent con dition.”
INDIANA TRAVELERS 50 YEARS OLD TODAY
The Indiana Travelers Assurance Co. of Indianapolis celebrated its 50th anniversary today. The original articles of incorporae
tion and by-laws of the company were drawn up by the late U. 8S, Senator John W, Kern, who on Sept, 24, 1892, was a young lawyer. The company is presenting to home office employees with more than 10 years’ service a $50 U. S. savings bond. Employees with less than 10 years’ service are to receive a $25 bond. As the company passes the halfe century mark, its secretary-trease urer, Donald G. Trone, is observing his 25th anniversary with the come pany. Mr, Trone started as a clerk and stenographer in 1915, and with the exception of two years’ service in the world war, has served cone tinuously since that time. He wag elected secretary-treasurer in 1928,
BUSINESS AT A GLANCE
By UNITED PRESS Gadrfinckel (Julius) & Co., year to July 31, net income $203,019, equal
or $1.84 in the preceding year; nes sales $5,832,830 vs. $4,653,603. Madison Square . Garden ' Corp., and wholl,’ owned subsidiary quar ter ended Aug. 31, net loss $117,909 vs. $80,115 loss in‘the August quarter year ago. Masonite Corp. quarter ended Auy. 31, net profit $151,252, equal
|to 21 cents a common share, vs,
$830,801 or $1.49 in the 1941 period.
Pollak Mfg. Co. six months ended -
June 30, net income $167,843, equal to $1.40 a share, vs. $139,399 or $1.14 last year; net sales $7,759,519 vs, $3,082,166. Sound riew Pulp Co. and wholly owned subsidiaries, eight monthg ended Aug. 31, net income $741,418, equal to $1.36 a common share, va,
$1,260,361 or $2.41 in the 1941 period,
have fulure before January
H ws gi “summer yard took. o out;
“summer
batteries”, one out of two will have a.
I
»
pT
Heres how your Standard Of Doser
i" 4 oF CH i AR A A
“Soybean matured and dried well :
ed in the southwestern growing area’
to $1.16 a common share, vs. $277,279
&
A