Indianapolis Times, Indianapolis, Marion County, 29 September 1942 — Page 15
Ee
~ be -eurbed if ‘existing stores
5
hs
: Tove tat any steps to aid small re-
fications of contracts or leases, or
* firms so that they
. advance in dollar sales during that
Official; Retail Sales
. WASHIN GTON, Sept. 29 (U. P. )—A commerce. depart- : ment official will propose “business birth control”. to the _Seriate small business committee today as one way of alleviat
ing the wartime problems of
Walter F. Crowder, chief of the business structure and Oberatians unit of the department’s bureau of foreign and| domestic commerce, has prepared a study ‘which. compares ‘new competitors in the business world to births, and busi
‘Mess failures to deaths. '
The study indicafes, it was learned, that new entries
into the retail store field must
are to survive the war period. Crowder and his experts be-
overnment loans, modi-
pooling arrangements—are pointless, if “births” continue. The senate committee, headed by @enator James. E, Murray (D. Mont.), announced that the purPose of the hearings was: 1. To influence war agencies to give special attention to small enterprises.’ : 2. To develop legislation to proAect the general small business ‘structure during the war. 3. To provide assis} Se for small
~ be strong after the war.
Some to Improve
Undersecretary of = Commerce Wayne C. Taylor, scheduled to be ‘the frst witness, will present a #Morecast of business conditions based on studies made by his department. A survey made under Taylor's direction, - it was learned, showed that sales of all retail stores are expected to decline from $26,000,000,000 in the, first half of this year to $22,000,000,000 in the first half of 1943, a 17 per cent drop. Food stores and eating -and drinking ‘establishments are the only major businesses expected to
period, the survey showed. Sales of automobile tires, filing station products, building materials and hardware. are expected to drop 50 per cent.
Bang Hurt by Wartime Shortages? Asks Commerce :
Exnected to Decline.
LL
the little businessmen,
PREDICTS TAX FREEZE TO STAY
George Plans No Change on Payroll Plan.
WASHINGTON, Sept. 29 (U.P). —Chairman Walter F, George (D. Ga.) of the senate finance committee predicted today that his group would stand by its decision to freeze social security payroll taxes at present levels for another year despite a treasupry request for reconsidera-
tion. : Pointing out that the committee
meets only once more before pre-
senting the new tax bill to the sen-
ate, and that only textual changes
in the measure are planned at that session, he said: “It looks to me as if it’s a closed
issue so far .as the committee is
concerned.” Treasury Secretary Henry Morgenthau Jr. yesterday informally
appealed to the committee to re-
verse its 14 to 4 approval last week
of an amendment offered by Sen-
ator Arthur H. Vandenberg (R.
Mich.) which would hold the payroll tax at 1 per cent each on employer and employee until the end
of 1943. The tax was to have been dou-
bled automatically on Jan. 1, 1943.
‘Adjustment’ Foreseen Mr. Morgenthau told a press con-
ference that if the Vandenberg i j]amendment is approved by con- : gress, it would require “substantial adjustment” {war financing plans and would reduce the flow of “anti-inflationary” funds into the treasury by over $1,500,000,000. il. “Bverything that we bave. urged and planned in the fight against|2 the rising cost of living has been|Am T & predicted ‘upon: the assumption that social . security ‘contributions would tirise ‘on. Jan. '1,7°1943, to the new schedules: adding 1 per cent to’ the Ab contributions of employees and" 1 | per cent to those of employers,” Mr. Moregenthau said..
in the government's
Senator George ‘said he had voted
“|against the Vandenberg amendment, and indicated that he might support a. move to knock it -out of the tax bill when the measure pu reaches the senate floor.
Treasury to Go Ahead Whatever the committee does on
the pending tax bill, it is not expected to change the treasury’s plan to ask congress after the tax|id bill’s passage to boost the social security tax to 10 per cent—5 per cent on the employer and 5 per cent
: on the employee. CROSSWORD PUZZLE AORIZONTAL Answer to Previous Puzzle = 24 Myself. {8,8 Pi 25 He commands commander of ed France's U. S. fiyers — air traine in Europe ing school in © 10 any. Ox World War IL 12 Beverage, 28 He commands 3 Pondater. JAMES TS Al 114 Symbol for the u 5 Air Wii ile Europe, pr supe. - (abbr). = 30 Compass point 119 Native : metals. 31 Dance step, ‘20 Vehicle. © 32 Native of 21 Exclamation (suffix). : of sorrows 39 Music note. .- ~ VERTICAL 33 Onager. 23 Exudes. © ' 41East (Fr.). 2 Near 37 He was one of 25 Forsakep.', 42 Card game.- : i first American 26 Edge. . 44 Sweet potato, 3 Corded fabric. ' — to go, . 27 Cloth measure 46 Canvas 4 Crippled. overseas in (pl). : Fi shelter. 5 Pampers. World War LL. \thusiast: 49 Hostelry. 6 Harbors. 40 Rough lava. 8g). 50 Price of trans- - 7 God of war. 42 Falsehood. Ls portation. * 8 Bronze, 43 Unit. ire- 53 Part of “be 9 Transpose 45 Man. an heire: 55 Drone bee. (abbr.). 47 Neither. 84 Blackbird. of 56 Ells English 10 Constellation. 48 Attempt. | cuckoo family. (abbr.). 11 Indigo ‘dye. 50 Not against. 8 His: do abers’ 57 Sot. 14 Distant. 51 Mimic. are Ger- 58 Pillar. 15 Sea eagle. 52 Legal point. : odin in §-. - 60 Railway. 17 Separation. 54 Entangle. trialc (abbr.). 20 Satisfied. 57 Symbol for 86 Soak h 61 Fondle. » 22 Symbol for ‘tantalum, 88 s of plays. 62 Short jacket. silicon, 89 Toward, wf PR Te P| :
5
Says Committee
‘50 years.
Frank F. Powell takes one last look down the barrels of this 100-year-old. muzzle-loading rifle before tossing it on the scrap metal pile. The gun was made by his grandfather, Palemon Powell, who was a well-known Cincinnati gunsmith. Mr. Powell, who is president of the Henry Coburn Storage & Warehouse Co, has had the gun for
London Stocks
London stock exchange prices up 76
Up 76%, but
Brokers Are Frankly Bored
LONDON, Sept. 29 (U. P.).—The steady pressure of idle funds in a country where all wartime consumer spending is limited has forced
per cent since Dunkirk, but the few
elderly brokers and dealers still doing business in this market are
frankly bored with their “silent boom.”
a revolutionary change in the past three years and the men who handle its business are far more concerned with' the progress of the war than with market gyrations. ~ Most of the “city’s” younger men are in the armed forces and the remaining oldsters are busy during and after trading hours in the home defense services. ' After spending Lalf the night on duty as fire wardens, they are much more apt to yawn than cheer at a spectacular market rally. ; Arguments on the immediate opening of the second front eclipse any discussions on the outlook for British government bonds or the post-war outlook for Britain's shipping interests in a world where an American construction man can build a tramp steamer in 10 days. Financial men here are mildly optimistic over the post-war industrial outlook. They are not minimizing the economic problems that will have to be solved after the war, but they look for a “colossal” world demand for British goods and services. Meanwhile, they appear to be taking far less interest in the current market action than the investing public.
This most tradition-bound of all financial markets has undergone
Unable to find a satisfactory outlet for their idle funds, Britain’s|;; middle classes and the wealthy have been swamping their brokers
most holders of stocks are. not in the least anxious to accept unspendable. money . for securities whose value probably will increase enormously when the axis is defeated. The result has been a “sellers’ strike” that has forced brokers to mark up their prices in order to get the stock they need to fill the buy orders. A glance at the London Financial Times’ stock averages'indicates the extent of the ‘recovery that has taken place since June, 1940, when [Sa Britain's war fortunes appeared at their ‘lowest ebb. In that month, the ‘newspaper’s industfial stock average plunged to a low of 61.1— lower even than at the bottom of|Co depression. At last night’s close the component stood at 108.0, a new peak since July, 1938. Similarly, ,the rail average broke to an eight-year low of 37.9 in June of 1940, and closed yesterday at 60.8, a new top since April, 1938.
N. Y. Stocks
Net . High low Lagt Chdnge Allegh Corp... 5-16 -32 —1-16 Allied Chem ..135% 13 + 1% Allis-Chal ..... 24% ev 24%, + Ys Am Can. ..... 667% 66 66% *— % Am Can pf ...173 173 173 Am - dp 8 - 5Ys 5 5 oo o— YY m R 88 pt 145 145 145 — 1% Am Roll Mil 9% 9% 9% iv. T.. 8% 118% 118% 4 Y% Am Tobacco 41% 41 41% + Ya Am Tob PB .. 43% 43% 43% .... Am Water W.. 2% 2% 2% 4 Ya Anaconda .... 26 26% 25% — Y Armour III .. 2% 2% 2% Jon Atchison ..... 49% 46% . 49% + 2% 1 Refining 1M 17% 17% — Ya Balt & Ohio 3% Va | BY — Ya Bendix Avn Ys 34Ys 34% .... Beth Steel 56 ‘— ¥% Borg-Warner... 26% 26% 26% .... Briggs Mfg 18% 18% — . % Chrysler ,.... 1% 61% 61% — ¥ Comwith & So Ye 17-32 17-32 —1-32] Cons Edison.. 13% 13% 13% .... Cons Oil ..... 6% 6% 6% .... CurtissiWr 8 % 8 + % Douglas Airc 87 67 67 —_ VY Pont ..... 119 118% 119 +4 Elec Auto-L.. 28 28 wees Gen Electric... 27% 2% 27% — % Gen Foods ... 33% 33% 33% — Gen Motors... 39 38% 38% — % oho. 21% 21% 21% +4 Y% Goodyear 2 21% 22 + Y% Hecker Prod.. 8 6 + % Int Harvester 48% 48% 48% — YU Int Nickel 28% 28 28 -—} t GT. ones 3a 3% 32 .... Johns-Man .... 58% 59% 59% + Jones & Legh . 19% 19% 193% .... Kennecott 30% 30 0Ys — Y Kresge SS 10%, 19% 10% .... Kroger G & B 26% 26% 26 + % L-O-F Gla 26 / 25% 26 - Y% Mont - Ward 30% 30% 30% .... Nash-Kelv ...... 6 6% 6% ‘.... Nat Biscuit ... 15% 15% 15%, — ¥% Nat Cash Reg 17% 17% 17% 4+ ¥% Nt Dairy ...... 15% 15% 15Y, — ¥, N Y Central 8% 9% 8s +4 Y Owens Ill Gl . 49% 49 9% 4 Packard ....... 2% 2% 2% + VY Pan Am Airwys 19% . 19% 19%, .... \ Paramt Pict .. 16 19 16% 16% + enn RR ...... 22% 22% .... Phillips Pet on 40% 40% — % Procter 49 49 Seas Pullman ...... 267% 35% 25% — %
Complete New York stock quotations are carried daily in the final edition of The Times.
SMITH PRESIDENT OF U. S. RUBBER GO.
NEW YORK, Sept. 20 (U. P)— Herbert E. Smith has been elected president of United States Rubber Co., F. B. Davis Jr. chairman of the board and chief executive officer, announced today. Mr. Smith also was named chairman of the executive commifiee and a member of the finance committee. His promotion, which will enable |P him to share with Mr. Davis more of the growing load on management, was prompted by ‘the company’s rapidly expanding war ac-
| tivities, including operation of eight
new munitions plants for the government. Mr. Davis had been presi-
ident. -
Mr. Smith, with U. 8. Rubber for 29 years, is a director of the Rub-' ber Manufacturers association. Harry E. Humphreys Jr. was elected vice chairman of the executive commit-.
J | tee; 34 Bema 3 Doi) and lJaumngh du Pon. Copeland named
rT RT Tr TE
Bonds of the United Shates Government,
GRAIN TRADE MARKS TIME FOR SENATE
CHICAGO, Sept. 20 (U. P.)— Grain futures_held within a very narrow price range in quiet trading on the board of trade pending the oufcome of the anti-inflation vote scheduled for today in the senate. At the end of the first hour
Ya| wheat was off i to up % cent a
bushel, corn up % to %, oats unchanged to up %, rye up % to a, and soybeans up %. In the December options, wheat was unchanged to up % from yesterday’s $1.27%4 @%, corn up % to 1. from the previous 85% @ 3, oats up % from yesterday’s 517%, rye up 3% from the previous 71%, and October soybeans up 3% from the previous 1.675%. : Following the rejection of the
“| farm bloc compromise by adminis-
tration leaders, grainmen conceded that it was unlikely that the parity formula will be raised to include costs for farm labor.
ICKES ASKS LONGER WEEK FOR MINERS
WASHINGTON, Sept. 29 (U. P.). |—Solid Fuels Co-Ordinator Harold L. Ickes, declaring that “we shall lose this war if we don’t produce enough coal,” today asked represenatives of the United Mine Workers union and coal mine operators’ to abandon ° the present 35-hour work week in bituminous mines. Mr. Ickes reported that approximately 360,000,000 tons of bituminous and 58,000,000 tons of anthra-|} cite are expected to be needed during 1942. He estimated that these re-
000 tons, respectively, in 1943.
TWO LABOR LEADERS
WASHINGTON, Sept. 29 (U. PJ). —The war production board today announced appointment of two labor leaders as advisers to: the smaller war plants division. They are Matthew Woll, vice
tion of Labor, and Phillip J. Clowers, Workers of America (C. I. OJ).
DAILY PRICE INDEX NEW YORK, Sept. 20 (U. P).—
price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yésterday sesseesesccsessscns 160.94 Week ago a9 @sPesRORsOIORNLRES 160.63 Month ago cseitsssassasenee 158.66 YEA ALO ,...cevoe-sesssansss 145.50 1942 High (Sept. 26) .cacensss’ 161.22
¥ 1942 Low (Jan. 2) sssssseccas 151.54
[SE
with buy orders—only to find that|C
quirements would jump to 600,000, ¢
AID WPB DIVISION [5%
president of the American Federa- 3 formerly with the United Steel | A pe
Dun & Bradstreet's daily weighted
CATTLE (2300) Slaughter Satie & Calves Choice— 15.00 15.25 15.25
6.28 16.50 16.50
900-1100 pounds 1100-1300 pounds pounds
1300-1500
S9ssencsesee,
700 -S% Pounds ..esscesseses [email protected] 900-1100 pounds ...ecesecece. 13.50@15. 1100-1300 pounds ...sesecee..c [email protected] 1300-1500 pounds ..cecssessss. [email protected] Mediym 700- 1100 pounds.. s..seseess [email protected] 1100-1300 pounds ......eeseeee [email protected] ommon— 700-1100 pounds ....... essese [email protected] Heif i choles 600- 800 pounds .....coseeses Hogs ud 300-1000 Pounds cases sess 15.00 600- "800 pounds se®testssens . 13.00@14,00 800-1000 POUNAS... sssessces. [email protected] Medium-— 500- 900 pounds .c.ecssscsse. [email protected] Common-— 500- 900 pounds .ccesccvecase [email protected]
Cows (all weights) [email protected]
Go Medium ......co0ccce0ctnnenes 350 10.25 Cutter and commen seestssns CBIDDEL: vuvrrssssdaresntessncasss 5 50 7 50 Bulls “all weights) (Yearlings Excluded) Beef—
tssse sestessse sssscrcse
Good a (all weights) «cece... [email protected] Medium .........se000000000 [email protected] Cutter and common .......... [email protected]
CALVES (650) Vealers (all weights)
Jone and choice ......cvi.e.. [email protected] mon and medium ....... [email protected] oun (15 1b5. UP) c.coinvnainnes [email protected] Feeder & Stocker Cattle & Calves Steers Choice— 500- 800 pounds ...cc.cc0s.. [email protected] 800-1050 pounds ...ceseneees. [email protected] 500- "800 pounds ...eeeses0e0. 11.00012.00 800-1050 pounds seesessccenss [email protected] Medium-— 500-1000 pounds «seecessces.. [email protected] Common— 500- 900 pounds ....cceceeeee [email protected] Calves (steers) Good and Choice— 500 pounds dOWRD .cococienee [email protected] Medium 500 pounds dOWR ....;.ce0000 [email protected] Calves (heifers) Good and Choice— 2 pounds dOWR «.c...ecvess [email protected] edium—. 500- pounds down: .........ivn 10.000 12.75
SHEEP AND LAMBS (3000) “Ewes (shorn)
Good and choice ............. $ 5.26@ 6.00 Common and choice ......... 4.00@ 5.3% Sng Lambs Good and choice ............ [email protected] Medium and ee desssase sane Ng COMMON osvisveiniasssnavsnssne [email protected] CHICAGO LIVESTOCK Hogs— 13.000; wi ostly Sseady all welsars & and jood an olen 300 1lbs., $15. 2515.3 3 top, S154 mostly for 240° 1bs. up; 160-180 p05 $14.65@ good and choice sows, 380 I ow Se A 2% oid: 400-550 1bs., See e—9,000; calyes, 1000. ne Re he full y ae steady; JB hs heifers, 10 to 1 her; other
classes mostly oady a light and medium weight bulls weak; vealers firm at: $15.50 down; lar fed steer and earling June. Sue $13.25@16; 3 around 16.90, paid for choice ‘kind 1 1b. averages; jo as Od, $16.25 to 1: 60; 10291b. yearlings at outside price. Best heifers, $15.50; weighty cutter cows to $9.35; Beavy sausage bulls, $12.40; liberal supply oh nein. and feeders ‘going back at Sheep — 2500. Late’ Monday — Spring lambs and Jeatlings around 25 cents lowes; several double good and choice Spiingels lightly sorted, $14.50@ : ers, 34. 5 ae natives, $14.65; I outs, $10.50 down; good slaughter I Sa bulk Slaughte Tr ewes, ay’s rage. Ea; bids on native spring Jauibs barely stead 7 Fg down; as sligh highor
and above A kinds. Small lot slaughter ewes steady at $5.50
Ea
and choice
OTHER LIVESTOCK
- CINCINNA Sent. P.) —H ge 3525; all we ei li hh ts 2 ower; Sows good to weak; ars top $15 for and ghdie e 240-260-1b. 3 280-300 1bs., 160-180 Ibs. 75: ; 200-220 lbs. bs,
edium 140-150 Joe+ 14; good grade sows,
Fad 0 Lav, 450; fairly active;
al classes a "baby beef t. 400-500 1bs., $12. R003: rs
es scal Be: $13.50; common and medium steers
and 4 Dejers $10@13; canners and cutters
H lam bs steady; ia . gr +A choice lots top kinds believed salable in $15; several lo out-grade lambs downrd to $7; fat slaughter ewes, $6 down.
"LOGAL PRODUCE
Heavy breed on full-feathered, 0c; pringers, 1% lbs. and pver; color 20¢; | D barred and white soek 3) ke oor All No. 2 paulizy, 3
0c. a Oraded st Begs rade large, 3 38¢; ‘today, In ain 6c; rade A. 1 : grade elevators Bins $1.27 per bushel oo q gu 2 . te No. 1 430 4834; No. 460@ Ho. % 7 : corn was an Li 46%¢c: bu butterfs t, No, 1, 45¢; No. 3, be Th bushel and No. 2 white shelled : vered at’ Indian-| No. Ww 450, and No. 2 red
apolis Quoted by LE
f len’ S
0 i | o thing
15 GENTS HERE _
700- 900 pounds «.ccceceeeces 14. iid
9.80 | tna] Life Insurance Co., Springfield,
tion would scale down the value of
stitutionality of the public utilities holding company acu of 1935 under
reorganization,
or $5.59 in the preceding year.
eers | $6,500,512 vs. $5,008,844.
an ast | War
Gold Res. 22,751,607
Eggs—Curren & Tecelpts 5 Joos. and up. |
SESS Zia ; FAT Eo)
apolis Power & Light Co.
CHALLENGE CHANGE IN FT. WAYNE FIRM
SOUTH BEND, Ind., Sept. 29 (U, P.).—Two Eastern insurance companies filed a petition in federal district court yesterday for a.temporary restraining order to prevent the Indiana Service Co. of Ft. Wayne from filing a proposal for reorganization with the securities and exchange commission. The plaintiffs, Massachusetts Mu-
Mass., and George Washington Life Insurance Co. Charleston, W. Va. assert in their ‘petition that they are stockholders in the Ft. Wayne firm and that the proposed reorganiza-
their securiues. The petition challenges the. con-
which the reorganization proceedings were started. Purpose of the according ' to the petition, would be to bring about redistribution of voting power among security holders.
BUSINESS AT A GLANCE
By UNITED PRESS Beatrice Creamery Co. and subsidiaries quarter ended Aug. 31 net profit $539,437 equal to $1.11 a common share vs. $566,824 or $1.19 in the 1941 period. Carpenter Steel Co. fiscal year ended June 30 net profit $1,711,601 equal to $4.75 a share vs. $2,011,624
Companies Cubana year ended June 30 net income $1,210,891 equal to $378 a share vs. $90,330 or 28 cents in the preceding year. Gallagher Drug Co. year ended ;|June 30 net income $232,753 vs. $171,164 in the preceding year; sales
Henke & Pillot, Inc., year ended June 30 net income $179,471 equal to $2.30 a common share vs. $133,365 or $191 in the preceding year. Jewel Tea Co. Inc, four weeks ended Sept. 12 sales $4,106,589 vs. $3,248,572 in the 1041 period, up 26.41 per cent; 36 weeks $35,842,925 vs. $25,950,213, up 38.12 per cent. Merchants Distilling Corp. year ended June 30 net profit $249,955 equal to 38 cents a share vs. net loss $272,184 in the preceding year. Mosinee Paper Mills Co. year to May 31 net income $315,202 equal to $1.53 a share vs. $265,272 or $1.29 the year before; net sales $4,087,236 vs. $3, 002,263. .No-Say Spring Co. year to June 30 net profit $162,677 equal to $2.71 a share ‘vs. $121,884 or $203 in the preceding year. Ohio Finance Co. nine months ended Aug. 31 net, income $498,272 equal to. $2.16 a common share vs.
$516,713 ox $2.27 in the '1941 period. U.S. STATEMENT
WASHINGTON, Sept, 29 (U. P.).—Government and receipts for the current fiscal year through Sept. 26 com-
ared with a Ear Expenses $15 5,596, 809.54 3 ,829,634,935.28 080.087, ’ 3,257,801,278.17 "606.41 1.809.108.956.78
EE
Wkg. Bal. 3,215, 6. Pub. Dbt. 90.074.970.308.87
194 Jha 537, an 618.15 SST IITs 20248.04 90
INLIANAPOLIS CLFARING HOUSE Slcatings
est ssssessvat estat annnn
WAGON WHEAT
ar ~~ ® Ses These UNREDEEMED
Values Before You Buyt
Py
R of Suits to:
Last | Week Bank Clearings essessesvesssensss. $24,972,000 a Bank Debits ehssncsassnsensonset $67,997,000 Tor Declines 10 10 $15. 20 as ‘ Postoffice Receipts sececcsseserdene $93,059 | Buiiding Permits ease sssernsesnse $124,910 11,325. Porkers Arrive; © : Houses $e s80000808008050000808 $97,700 Vealers Steady. Apartments jesseessaussrnesusge : 0 : Business S800 RRNIRRIRNOINIRNINIYS 0 Hog prices slumped 15 cents at Industrial sessscanssesssnssenee $23,000 Whe Sndianapolis SEEYSIGS soda: PUBHG aaienreransvoesns 0 e S88 good to choice 240 to 280-pounders, Repairs and Alterations........ $4,210 the agricultural marketing admin- Abplled for JObS. ..coiiininivnnnans 1,028 istration reported. Received Jobs deh as adie inane 42 Vealers were steady with & $1550| pyieq Unemployment Claims... .., 114 top. Receipts included 11,325 hogs; da : 2300 cattle, 850 calves and 3000] Freight Carloadings: sheep. . : Inbound Seacrest essesssescensne 4,207 ——— ‘Outbound sesbesens sesscsessens ; 2,690 HOGS. (11,35) Electricity Output (kwh)........... 17,033,000 aseiveie +++ $13.00014.38 Streetcar Passengers (Sept. 1... 1,906,306 ‘= i: [email protected]| Telephones in Use (Sept. 24)....... +155 9515.10 Livestock Receipts (head).......... 73.422 p 15. | Cattle sersesssssesestsnsastncs 7,226 340- 1508 15.15 & Calves Sesssnsasenisesssecasesy 2,800 160- 200 pounds anise ss [email protected] Hogs C0000 RNNNIRRINRNNRSIRRRNAS 52,706 Good & Packing Sows Sheep ests ssenssassassstssssnne ; 10,690 270- 30° veeracasssess [email protected]) Grain Receipts (bushels).......... 661,000 33- 380 III EIN Com Leiieiiieiieieieseenie © 540,000 390. 400 pa Jot0 1500 Wheat S000 00 0000000000000 000 ’ 20,000 I EE Do etre Nil OME ..eoavreniraianiosreassese 90,000 oso pounds esisnsaseneas [email protected] Rye #0000000 000000000 0000000000 8,000 Motium snd CG 3aghter. Figs SOVDEMIB: ‘e+ +o s5 us snnsssesss 3,000 90- 120 pounds ............ [email protected]
Water Co., Indianapolis Railways, Bell Telephone Co.,
$10,000,000
have been
day.
have been
fective for
time.” Organized
rs
Week tant wes Before Avacdn)
$35,330,000 $23,731,000 $98,581,000 $60,141,000
Mh
Three Thus Far “43 vil
$102,618 $93,331 $98,119 $155,145 $78,350 $118,150 0 0 $2,490 $25,900 $4,900 0 0 0 $12,379 $11,005 1,448 1,283 1,108 722 123 us 3,138 4,462 2,889 2,819 ‘i 17,913,000 14,756,000 612,000 592,593,000 +4 111 1,751,841 1421119 50012082 65535583 + 310 | +354 +295 108,221 118208 + 92 71,089 66,314 2,138,940 21714666 + 11 8,305 6,576 191,878 244999 + 217 3,269 2,857 113,854 11,522 + 33 8 54,817 44,961 1,580,437 1,588,219 + 05 10,698 11,920 216,291 227,656 + 53 592,000 557,000 26,017,000 24,567,000 — 837 , 485,000 386,000 17,822,000 17,006,500 — 46 39,000 27,000 4,010,000 6,486,000. + 61.7 58,000 124,000 4,560,000 4,260,000 — 66 5,000 3,000 © 224,000 318,000 + 42.0 5,000 17,000 426,000 490,600 + 153
Sources of above (figures: Indianapolis Clearing’ House a ssociation, Indianapolis postoftice, ty building commissioner; Indianapolis office of the U. S. Employment service, Pennsylvania railroad, New York Central railroad, Baltimore & Ohio, Illinois Central, Chicago, Indianapolis. & Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis
Agriculture marketing service, Indianapolis Board of Trade, Indisne &
‘Auto Insurance Reduced in East
NEW YORK, Sept. 29 (U. P.).— - Automobile rate reductions providing for an estimated annual saving of about
liability’ insurance
for motorists on the
gasoline rationed eastern seaboard
recommended by the
National Bureau of Casualty & Surety Underwrtiers and the Mutual Casualty Insurance Rating Bureau, it was announced to-
The recommendations of the two rating bureaus for a 20 per cent cut in body injury liability rates for holders of A ration cards— which allow less than 4 gallons of gasoline per week—and 10 per cent for B and C card holders already
approved by Superin-
tendent of Insurance Louis H. Ping, making the new rates ef-
New York state. Fif-
teen other eastern states are cov= ered in the recommendations.
firm or deny the report “at this
July 1, 1941, Basic Magnesium, Inc. is controlled by Basic Refractories, Inc, of Ohio, which owns a majority of the capital stock | Ri of the megnesium firm.
DESCRIBE YOUR AUTOMOBILE
Auto accidents during, wartime find many) drivers with little or no insurance coverage. Nowadaye, when every car is a valued session, wise drivers are et transportation with oon a
LONDON, Sept. 20 (U. P).—All,
cartel restrictions on the production. | of tin in territories not.under axis +
control have been removed through the consent of all signatory nations to the international tin agreement,
1
according ‘to an announcement by’ *
the Netherlands News Agency.
This policy of- unlimited pros od
duction was put into operation yes-
terday by representatives of Great
Britain, the Netherlands and Bolivia,
comprising the . international tin,
committee, who also re-elected ofs ; 3
ficers for the coming year.
It was decided that until further
notice all tin producing countries
|covered by the pact will retain their
present production quotas of 105 per: cent of basic’ tonnages, with a pro« . viso that any territory able to exceed its quota will be granted a retroactive quota increase.
LOCAL ISSUES
Kokomo Water Works 5s 58. 104 Kuhner Packing Co 4%s 49.. Morris 5&10 Stores 5s 50 ... 98
5 65 Pub Serv of Ind 4s 69...,..107% Pub Tel 468 85 ..............
Shnond Water oh 5 a1... 108 ¢ Term Corp 5s 67........ 81 I x-dividend 4
INSURANCE? J
our Blue Ribbon policy. . i Blue Ribbon is complete automobile insur. = ' A ° ance— providing prompt, genetots settle- is ments when costs of and labor are i) rising and when liability verdicts are sky- : : rocketing. Its broad DOVSEAgD is & necessity B nowy: for it insures car, driver, and Id passen- B—. gers'in case of accidents, ; ai Blue Ribbon i is economical S00; because ® oh 4 0 stantial’ dividends. Don’t wait for an accident to you have ‘“Too Little” “or that you are
While reduced automobile use, | nominal quotations furnished by local ie because of the rationing of gaso- Bute, of National Association of Securities = = ealers. Yad line has made possible a cut in 8to Bid Ask the insurance rates covering body |.Belt RR 103 YE I thi. ay nn i injury liability, no change can be Bowbs-Merrill GONE i: santas ss 3 ais a made in property damage rates Bobbs-Mevilll 4% yin 0 3 because the insurance companies |iComwlth Loan % pid .... 94 Yaw hi “« Hook Drug Co com. ........ 12% ho have suffered “serious under- |Home T&T, Fe Wayne 7% pid 5 or writing losses” on that type of |G A%50 "na pla ..01l0 008, Lo coverage, the announcement said. Ind Hydro Elec ho pid sien 13 BY p+ ee *Indpls bal “bce pd aii... 86% 90% Yioeakveaee 10% 1 Br Pamoi 1s ry 3% pid ....00n 104 Th ol Indpls Water Class A som 15 18% Lincoln Loan Co 5% pfd.... 83 868 UU : coln Nat Life Ins com... 36% 29 bv d Pub Serv 5%% ped... .T9% 83W N Ind Pub Serv 6% pf 82% 86% § Ine ind 1 Pub Ser Serv 1% Pld... . ve 5 o " NEW YORK, Sept. 29 (U. P).—|Eub Sere of ind boo ofa. .!100 8 wo ; &L 4.8% pid «..oe0e ii The Anaconda Copper Mining Co. |e nd GEL 87% pid =. ee 31 31 was reported in informed circles to- | Jnited Tel aah ped sade or day to be negotiating to purchase an Van Camp Milk com a 13 & interest in Basic Magnesuim, Inc. Amtertoan Tou 8 RR 4%: 30 , oon: i which recently opened a $100,000,000 American pape 73 gg 26 » {io plant for the exclusive production of oe 5 Com mE Lod fw 51.. 78 magnesium for the government. Consol Fin 88 60 ............ Officials of Anaconda would not Si 108 comment on the reported negotia-|Home T&T Ft Wayne 5s 43 Jud Assoc Tel Co 3%s 70.. tions, contending, that the company | Indpls P&L 3%s 70 ........ was not in a position to either con- | nqbls Baliway 0 Go a ae
Section, mvertigess it now.
“Too Late” to benefit from Blue Ribbon’s broad pro.