Indianapolis Times, Indianapolis, Marion County, 20 October 1942 — Page 14

\ 1 1

URGED IN HOUSE

Committee Would Empower Group “With Control Over i Manpower, Economy.

WASHINGTON, Oct. 20 (U.P).—| :

of lizgtion with authority to contrgl the nation’s economy and to direct all phases of the war effort except the actual fighting. The war production board, the

Tex office of economic stabiliza1 ies would be subordinate to

* new agency which would - be * the direction of one man. - The: ‘committee, headed by~ Rep. John H.. ‘Tolan (D. Cal) set forth its proposed program in its sixth report. It also recommended decentralization of war

“Many of the - shortcomings of the war effort to date are traceable to the attempt to run the war Washington,” it said, “This canbe lost in Washington.” (Proposes Advisory ‘Board: i opposed enactment of comry national service legislation until adequate machinery.is set up for mobilization of manpower is set up, such as it proposed.

e committee proposed that an|

advisory board for war mobiliza~

resentatives of industry, agriculture and labor—and a committee on requirements and program should be " attached directly to the new office of war mobilization. It also would

- have three subordinate offices:

The office of war supply—taking over the functions and personnel of the war production board, together with the functions of the procures ment divisions of the army, navy, maritime commission and lend-lease administration.

"Two Other Changes

_‘Thesdffice of war manpower—an operating agency to have most of the present functions and- personnel of the war manpower commission. Its policy-making powers would be subject ta control by the office of war mobilization which would bring into balance competing military and civilian manpower requirements. Occupational deferment boards would be separately constituted. . The office of economic stabilization—to. become “an operating agency in which the“present office of price administration would, for the time being, constitute the chief branch, with others to be added ap needed.

INVENTORY CONTROL PLAN BEING DRAFTED;

rae fa

WASHINGTON, Oct. 20 (U. P.)— Production Chief Donald M. Nelson announced * today that WPB will “limit the amounts of consumer goods that manufacturers, wholesalers and: retailers can | keep ‘on hand. This will be done in an effort to insure a more equitable distribution of merchandise throughout the country. Nelson said he had decided to take such action because reports reaching him show that great pressure is being exerted on markets as a result of over-buying of consumers’ goods. The ‘plan, - which is now being drafted,- will prevent a merchant from exceeding the ratio of his stock to his sales which he had on the average in comparable quarters of 1939-40-41.

BUSINESS AT A GLANCE

By UNITED PRESS Bayuk Cigars, Inc, and whollyowned subsi es 9 months ended Sept. 30 net profit $751,562 equal to $1.91 a common share vs, $1,136,074 or $2.87 in the 1941 .period. Buda Co. year to July. 31 net income $783,369 equal to $420 a share vs. $615,406 or $3.28 in the preceding year. Ceniral Hudson Gas & Electric Co. 12 months ended Sept. 30 net income $1,483,981 vs. $1,511 136 in the preceding 12 months. Mullins Manufacturing Co. 9 months ended Sept. 30 net profit $436,317 equal to $15.16 a preferred share vs. $691,813 or $24.04 in the 1941 period. National Malleable & Steel Caste ings Co. quarter ended Sept. 26 net profit $306,713 equal to 63 cents a share vs. $402,099 or 83 cents in the 1941 period. Newberry Lumber & Chemical Co. 6 months ended June 30 net profit $79,951 equal to 10 cents a common share; sales $885,026. North American Refractories Co. 8 months ended Aug. 31 net income $184,231 equal to $1.81 a common share,

SOUDER HEADS ASSOCIATION

Ray M. Souder of Indianapolis, secretary of the Indiana Implement Dealers’ Association, was elected president of the Retail Farm Equipment association secretaries at a recent meeting in Chicago. O. I. Barr of Bicknell, Ind, was elected a director of the National Retail Farm Equipment sssociation.

U.S. STATEMENT

a new office of war]

and all manpower mobilization:

-." This ‘The full

what happened at the Indianapolis Power & Light Co. during Yt Friday's city-wide dimout. shows the utility’s electricity production on a regular Friday (Oct. 9) while the dotted line shows how electricity consumption fell sharply during the dimout on the following Friday.

STATE FOUNDRY NEARLY READY

East Chicago Plant to Make Cast Armor; Many

Women to Work.

CHICAGO, Oct. 20 (U. P).— Thomas Drever, president of American Steel Foundries Co., announced today that a foundry, believed to be the world’s largest, will open offically at East Chicago, Ind., Oct. 29, approximately eight months after ground breaking, to produce cast tank armor. The foundry, which actually consists of -two plants in one, is about 80 per. cent completed, according to Drever, and is expected to be in full production, employing working crews of approximately 40 per cent women on three shifts daily some time in December. The cast armor to be produced is a special type, highly resistent to projectiles.” It was developed by the American Steel Foundries Co., which will provide the management, technicians and workers for the foundry which was built at an approximate cost of $26,500,000, furnished by the Defense Plant Corp. a federal agency. Drever said the two-plants-in-one arrangement was made to avoid loss of time in transporting materials over the long distances within the structures. Raw materials, including steel serap, pig iron and al- 1 1loys will énter one ‘end nf tha w~<L and emerge at the other end in finished form for shipment tv p.....c contractors making complete tanks.

PLANT PROTECTION MEETINGS PLANNED

Times Special LAFAYETTE, Oct. 20.—A series of regional meetings for plant protection supervisors has been arranged by the PF irdue university Public Safefy institute. Meetings will be held as follows: Wednesday, Nov. 4, East Chicago; Thursday, Nov. 5, South Bend; Wednesday, Nov. 11, Ft. Wayne; Thursday, Nov. 19, Indianapolis; Tuesday, Nov. 24, Bvansville; and Wednesday, Nov. 25, Terre Haute. Persons employed in plant protection or members of management of any Indiana industry are eligible to attend.

-N.,Y. CENTRAL BUYS ROAD NEW YORK, Oct. 20 (U. P.).— The St. Joseph, uth Bend & Southern Railroad Co. has accepted New York Central railroad’s offer to purchase its common and preferred stocks, it was disclosed today. Under terms of the offer, made last July 22, New York Central would buy the St. Joseph preferred stock at $100 a share and the common at $22.50 a share.

L. Jarvis received $80,000 in 1940. P Climax Molybdenum Co.—Max|Radio Schott, president, $64,750; James B. Thorpe, vice president, $34,650, and Dennis F. Haley, $33,000.

Stokely Co. President Paid 8, SEC Report Shows

Oct. 20 (U. P.).—Reports filed with. the securities ‘and exchange commission revealed today that Ernest C. Geier, president of the Duplan Silk Cp, made $108,120 last year, an increase of $60,000 over his 1940 earnings. Other executives of the company received corresponding increases. Lyman B, Frieze, vice president, received $67,100 in 1941, $48,080 in 1940, and Walter Neale, secretary-treasurer, with $28,060 in 1940.

$98, 2}

E. S. Evans, president of the

Evans Products Co. of Michigan, was paid $100,304 in 1941 and $72,"566 in 1940. M. D. Tucker, vice president, earned $71,207 in 1941, $43,784 in 1940, and R. M. Singer, president, received $70,724 last year [4D Gan compared to $66,717 in 1940.

Other large salaries included: Stokely Brothers & Co., Inc. of

Indianapolis—W. B. Stokely Jr., president, $98,018; John B. Stokely, vice president, $48,518. and W. A. Miskimen, vice -president, . $38,018.

Dow Chemical Co., of Michigan—

W. H. Dow, president, $81,250; E. W. Bennett, vice president, $58,500, and E. O. Barstow, vice president, $41,020. © The company, which reported | po extensive construction of govern-ment-owned plants, $732,788 for construction and engineering services.

said it paid

General Mills, Inc.—Donald D.

Davis, president, $80,000; Harry A. Bulliss, vice president, $55,000; and James PF. Bell, $50,000. Advertising and radio service paid by the company amounted | Mm to $138,374.

- Hawaiian . Pineapple . Co.,. Ltd.—| Nat. Dib

board chairman,

"Henry ‘A. White, president, $53,303; 0, H. E. McConaughey, vice president, $37,558.

W. B. Jarvis Co. of Michigan—/|pens

Jarvis, president, $43,750.

vice president,

Gamewell Co., of Massachusetts

—Benedict J. Baker, board chairman of registrant and subsidiaries, $62,116, and Vincent C. Stanley, president of registrant, $27,460.

Fairchild Aviation Corp.—James

S. Ogsbury, president, $66,311.-

Universal Leaf Tobocco Co., Inc.,

of Virginia—F. N. Harrison, president, $62,802; J. P. Harrison, vice president, $62,802, and H. R. Pettus, vice president, $56,781.

Madison Square Garden Corp.—

John Reed Kilpatrick, president, $41,200, inclding expense allowances of $10,000.

Utah Power & Light Co.—C. M.

Gadsby, president, $30,000.

Early and Daniel Co.—E. B. Ter-

rill, president, $35,450.

Pillsbury Flour Mills Co.—Clark

Hempstead, board chairman, $27,500.

‘Lane Bryant, Inc —Ralph R. Mal-

sin, president, $35, 3717.

French Steel Plant Hit

vice {A

‘American Loan 5s

"| Indpls Railway To. Se oT:

§ |morrow, beginning at 9' a. m., to acquaint Indiana |with the production requirements

earned $64,120 last year Sompared

N. Y. Stocks

Net Low Last Change + ¥ +

' High Alleg Cor f 12% Allis Che PPP”

Anaconda Armour Il .

. . o pa. £5 SES

Atchison . Atl Refining ... Yor Balt & Ohio . 3% Bendix Avn ... 35% Bow, Steel eee 58% Bord . 213 Borg warner oe 28% Bdgpt Brass .. Ches & Ohio pf 06 Chrysler ‘66 Comw & So pf 32% - Cons Faison.” . 156% Cons 6% Corn Brod eees 5315 Curtiss-Wr .. 8% Douglas Airc. . 691 «119%

oo sD ERE NN ST NOTE Ll

East Kodak .. Elec Auto-L.. Gen Electric. . Gen Fods.. Gen Motors. . Goodrich

Lo 4% Int Harvester 53% Int Nickel .. 30Y% T& T...0 4

Ino.3 Glass. oo 20% Link Belt.... 36%

rh EE LH + Fs 5

- 16% 1h Owens a ‘Gi.. 535; Packar 3

Pan a Atrw A% Paramt Pict.

Pet..

'y SY Central Oil

Phillips Procter Pullman

Natal

3% 1 pf ..... 16% Rem Rand .... 10% Republic Stl 116% Sears Doe. 53, Servel

FPR

teen 10% Std Oil Ind .. 253 Std Oil N' J ... 43% Stew-War .... 7% Stokely Br .... 3% Studebaker ....- 5Y% Swift & Co ... 21% Texas Co ..... 39% Timken R B 40% United Alrcratt 30

[+00 bth HE

SEE Ea

Woolworth Yellow Tr

Rad ... 16%

Fo I rE ea oh Tri

Zenith

- a

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

LOCAL ISSUES

Nominal (Juotations furnished by local Lat, of of National Association of Securities

ocks. Belt BE 8tk Yds Belt

Bobbs-Merrill 4%% pf .. Comwith Loan 59% pid..

Indpls P&L com indpls Water 5% Dp. . ndpls Water at % com. Jincoln Loan Co Su pfd ineoln Nat N Ind Ing d

Progress Laundry com .. Pub Serv of Ind 5% pfd. Pub Serv of Ind *So Ind G&L pfd Union Title So com United Tel Co 5% . Van Camp Milk ptd cecsees Van Camp k com

Bon Algers Wins'w W RR 4%a%. oe American Loan. 5s 5 . 9

Cent Newspaper 428 42-51 . Ch of Com Bldg Co 42s 51. 8’ Ind Tel 44a 61..

Fin 5 . Crabb-Reynolds-Taylor 4s .. Home T&T Ft Wayne 5%s 55.103 Home T&T Ft Wayne 5s 43.103 Ind Assoc Tel Co 34 70..105 Indpls P&L 3xs ::1

106 108 Indpls Water Co 3%s 68

.,..106% Kokomo Water Works 5s 8. 1041s Rhyes Packin *

101 101 - 109 4l%s Bs Ie ’ Pub of Ind 4s 69....107% Pub Tel 46s 85 Richmond Water es 5s Vi 108

Trac Term Co 67 ..... *Ex-dividen Fidhe

WPB TO HOLD CLINIC HERE TOMORROW

A war production board clinic will be held at the Claypool hotel to-

101 ‘8

manufacturers

plan for the fourth quarter, as operating under the new materials

1300-1800 59 pounds

steers and yearlings, Sheons:

weighty utiers u canners to

$14. western yearlings, $12.7

strong to 15 cents higher; bulk

yearling with 6 months’

Ya | 4350.

R FALL 5 CENTS) _

Reeipts Rise to 10,500; . Other Weights Steady; Top Is $14.85. Light weight hogs sold § "cents

administration reported. Weights between 160 and 220 pounds made the decline but other} weights sold at the same prices paid| yesterday. The schedule top was

pounders but some choice hogs sold

for $1490 per hundredweight.

Receipts included 2050 cattle, 525 calves. and 3500 sheep.

HOGS (10,500)

Good to Choice— 120- 140 pounds ..ceeeasdes 140- 160

[email protected]

Ey 70 [email protected]

14.80

. [email protected] 330 pounds ... . 330- 360 pounds .. 360- 400 pounds . ceseescansess [email protected] ood 400- 450 pounds . 450- 450 pounds 14.40@ 14.65

. [email protected]

Medium

250- 550 ppunds . Ce Slaughter Plas Medium and Good— 90- 120 pounds ........c...... CATTLE (2050)

Slaughter Cattle & Calves Steers

Cholce—

700- 900 poun 900-1100 Botnds

®e0ssvetancsee 200glen i 3aiers 15.25

®0cccevvsenee e00c00e00ccoe eev000000000e

Good— 700- 900 900-1100 1100-1300 1300-1500

14.00915.35

11.75

Medium--700-1100 pounds . 11.75

35.1305 pounds

700-1100 ounds ; * Heifers

14.00 100

[email protected]

[email protected] 1408 15.00

[email protected] [email protected]

sevccccsoce

Cholce— 600- 800 pounds 800-1000 pounds

*ocecccececen s00cccccosonse

Good— 600- 800 pounds ...c.cccs0cee 800-1000 pounds ..cecoccceocece

Medium— 500- 900 pounds 8938000000000, Common— - 500- 900 pourtds ..

Cows (all weights)

sve cnn

Gutter & Jud common .

Bulls (all weights) ! (Yearlings Excluded) Beef—

Good..... vecesescnss 11.2501225 Sausage— Good Pal weights) ....... Medium

- 83 212%

CALVES (525) Vealers (all weights)

Good and choice Common and medium Gull (75 lbs. up)

! Feeder & Stocker Cattle & Calves Steers Chotce 500- 800" pounds 800-1050 pounds Coors 800 pounds 800-1050 pounds Medium— 500-1000 pounds Common— 500- 900 pounds ...c......... Calves (steers) Good and Choice— 500 pounds down ..c.....0... [email protected]

cesses [email protected] Calves (heifers) Good and Choice— 500 pounds dOWD ceccee..... [email protected] Medium— . 500 pounds down ............ [email protected]

SHEEP AND LAMBS (3500) Ewes (shorn)

13900139 se sob 00000 11.76 12.7%

teed 0ocndecte 11.00©12.00 ®000000000000 [email protected]

ccscocsccccs. [email protected] [email protected]

Mediu 500 Pounds down .....

‘|Good and choice

Lambs Good and choice ........ ceees 14, . Medium and good ........ eee. [email protected] Common . . . Yearling Wethers Good and choice ceeees saves . 12.00@1 Medium ..ovveenincenn.. cesses 11,[email protected]

CHICAGO LI LIVESTOCK

ogs—12,000; éarly sales barrows and giao also sows, 10@15 eents higher; ‘market now less active, 5 to 40 gents over Monday's average; good choice 200-280-1b. barrows and gilts, 5. 85@15; top, $15.10 on aschers: (good and choice 160-200 lbs., $1450@14 sows 380 down, $14.90@15; bulk £00550 bs., $14. hy

Cattle—8000; calves—1000. Choice fed steers and yearlings strong: $17; with $17.25 bid and refused: to good grade slow, steady: bulk [email protected]; heifers load lot top, 25, new high; y Bue $9.25, and weighty ulls closed steady to weak; praction] top, $12; ‘vealers firm at [email protected] mostly; stock Jirly active;

Mooaay—Fat lambs ’ top, $ .90; $14. 50@14. 75; ood

Shee Late

good and choice,

5.75. Today’ s Trade—Fat Jambs and year-

lings strong to 15 cents higher; bulk good and choice fat native lambs, $14.75@ fs 1 double choice lamb-weight ‘northern wool, $13.10; slaugh

OTHER LIVESTOCK

Oct. 20 (U.

ter ewes iuliy steady.

160-200 140-150 Ibs. yy 100-130 1bs.,

14.50; $14.25; $13.75;

.55; 150-160 lbs, ne 130-140 1bs., Roughs, $14.25; stags, $12.50; male hogs, $9.75 down, calves, $16; lambs, $14; ewes, $5.25 down CINCINNATI, Oct. 20 (U. P.).—Hogs— Weights over 160 1bs., 5c lower; lighter Weights and sows steady, $14.85 paid for good and choice 180-250 lbs.; 260-280 lbs. and 160-180 1bs.,. $14.80; 280-300 1bs., $14.76; 300-400 1bs., $14.60; medium and good 150-160 1bs., $14.50; good grade sows, $13.50@14. 1le—600. Calves—300. Steers, cows and ‘bulls active under broad demand; cows showing some strength; others steady; good heifers steady with out grades draggy and weak. Bulk of offerings common and medium steers and heifers; steers mainly $10@13; heifers, $9@ 12.50; odd head good kind above $13; good bay beef type calves, 3 13; common and medium beef cows, [email protected]; good cows, $10. oy and better; canners and cutters, [email protected]; common and medium bulls, $9@11; good bulls active up to $11.75; vealers steady; top $16; good and choice, $15@16; out grades, $14.50 down. Sheep—700. Fat lambs fully steady; most good kinds, $14 down; a few ehoice os Js [email protected]; fat slaughter ewes,

HOWELL TO SPEAK HERE Harry E. Howell, controller of the

Grinnell Co.- of Providence, R. I.,|por will speak at the Indianapolis chapter meeting, National Association of Cost Accountants, at 6:30 p. m. tomorrow at the Lincoln hotel.

lower at the Indianapolis stockyards|today as receipts swelled to 10,500] head, the agricultural marketing |.

$14.85 for good to choice 240 to 280-| .

. [email protected] |

30 lard in the month of October. Con-

2.50

’|L.

dianapol

‘Bank C Cloatings Joerssssesessanians. . Bank Debits sesebscnecesccnnenees

Postoffice ‘Receipts seaseesessssenan.. Building Permits CEE eve erat o.

Houses Apartments Business ‘Public doin he ess tense nase Applied for Jobs........... c000000 bavcived Jobs . ceressisiesiinnaninnee Pilea SUnemployuint. Claims, Freight Carloadings: 4 I Electricity ‘Output (by kwh)... Water Pumpage (gallons) ......... Streetcar Passengers (Oct. 10)...... Telephones in Use (Oct. 15). canrve Livestock Receipts (head).......... Cattle Calves .icecvcccccsonnsoscciacse Hogs Sheep a sneha si RRR Grain Receipts (bushels)...ccccoees Corn Wheat A as Oats Rye Soybeans

saveniesaseranionanadess

eveeerse00ssensensnee

seesesssssccsasensoss

000000000000 00¢00000000008

v0s00s00s00is0c00s00s00000 ©09000000000000000000000000

Vesedsshtacseeos sessions * hk »75

Last Week . $31,699,000 $81,640,000 $112,641 $107,535 0 0 0: $103,000 | 0: $4,535 1,177 555 109

Week Last Week Before A Year Ago $27,476,000 $27,536,000 $71,399,000 $71,617,000 $81,395 $166,515 . $159,000

4,102 3014 117,087,000 .273,830,000 1,965,559 +369 78,306 7,549 2,565. 58,329 9,683 531,000 339,000 109,000 62,000 8,000 13,000

2,808 17,015,000 278,270,000 1,946,441 +197 69,604 16,501 | 2,673 51,127 9,308 870,000 639,000 119,000 62,000 0

50,000

2,680 15,058,000 264,980,000 1,443,430 +155 70,897 6,150 3,025 50,729 10,993 465,000 345,000 21,000 42,000 0 57,000

‘Business Summary

1941 1942 Thus Far $1,007,308,000 $2,582,902,000 $3,806,883 $9,586,757 $5,790,945 $2,837,125 $1,238,260 $1,145,300 $434,000 $923,032 12,981

174341 110,116 579,146,000 10,700,056,000 54,259,250 109,085 2,341,099 210,701 122,482 1,724,867 246,569 128,393,000 18,832,000 4,081,000 4,844,000 229,000 532,000

11336700000 + 71,364,788 + 3 118893 +

Sources of above figures: Indianapolis Clearing House association, Indianapolis postoftice, city building commissioner, Indianapolis office of the U. S. Employment service, Pennsylvania railroad, New York Central railroad Baltimore & Chie MNlinois Central, Chicago, Indianapolis & Louisville (Monon); New York, Chicago & -St. Louis (Nickel Plate); Indianapolis Water Co., Indianapolis Railways, Beil Telephone Co., Agricu Itural marketing administration, Indianapolis Board eof Trade,

Indianapolis Power & Light Co.

BRAIN FUTURES RALLY SHARPLY

| Traders Bullish on News}

From Washington on

Farm Ceilings.

CHICAGO, Oct. 20 (U. P)— Grain futures rallied on the Board of Trade today on bullish news from Washington that the senate had been asked to declare that price control law does not authorize deductions of farm benefit payment from parity prices in fixing commodity ceilings. At the end of the first hour, wheat advanced 1% to 1% cents a bushel, corn up 3% to 1%, oats up % and rye unchanged to up 1 cent. Mixed trading was ia modern 25 | volume. An announcement from the Board “lot Trade cited Friday, Oct. 23, aN the last day for trading in contracts oo | providing for delivery of grains and

tracts open after Friday must be settled by delivery of actual cash oo] commodity, and -if not previously delivered, delivery must be made upon the last business day of the month.

REORGANIZED RAL STOCKS DIP SHARPLY

NEW YORK, Oct. 20 (U. P.).—A sharp break in reorganization railroad obligations featured moderately active forenoon dealings in listed bonds today. Thé so-called receivership carriers lost as much as 2 points in New York, New Haven & Hartford convertible 6s of 1948 and Kansas City, Fort Scott & Memphis 4s of 1936 following publication of a DowJones article indicating that the government was considering steps to stop speculation in sécurities of roads in reorganization.

Incorporations

Maite McComb, Inc., Michigan City, dissoluti The Dispatch Publishing Co., Inc., Michigan City, amendment decreasing ‘number of directors from seven ave. Graybar Electric Co., New York corporation, change of a gent to T. H. Beecher, 400 W. Ohio st Indianapolis. Burch Construction Co., Wisconsin corporation, admitted to Indiana to grade roads and airports and to drain and surface state roads, strategic highways and airports. Universal Beverage Co., Inc., change of agent to Paul T. van, 4501 N. Dlinois and change of It of principal

rporation, 0., registration of trademark * Rye. Class 46; foods and ingredients of

The Printz-Biederman Oo. Cleveland, O., registration of tradémark ‘James Roxton” Class 38; clothin Lincoln Housing Corporation, Hartford City; agent, Ira A. Kunkle, same address; 1000 shares having no par Value: A. Kunkle, William H. Kunkle, William Kunkle. Farm Bureau Building Co-operative; Inc., Indianapolis, amendment increasing the authorized capital stock -to 2500 shares common having a par value of $100 each

as City, M

d 500 shares having a par value of]:

each. The Centennial Building Co., Indianapolis, dissolution ABC Fuel & Thsulation Co., Inc., Marion, amendment increasing the number of directors from six to seven Bree Cosmetics, Inc. Tilineis corporation, wiirdrawal, The A. Grafe Cé., Terre Haute, accepting the provisions of ‘the 1929 General Corporation act. Picks Hotels Corporation, Delaware corporation, change of Ageny and nd, Rrincipal office in Indiana to Jacob suite 1511 Merchants Bank ie Indianapolis. Anderson-Madison Realty Co.

rchants

th, Bend, change of agent and Yorinct pal office to Jacob S.

Bank bldg., Pad Lg mi chee] noe nd PrCipal in & Jacob 8S. White, suite 1511, Merchants Bank SE da Ss 2 Jacob 8. White, Suite 1511, Merchants Bank

or South 1 office rchants

Soi . 1 Furniture Co. 410 Main Vincennes; change of agent to Bailey % rtin, same ress Mae Value Flomes, inc., EL

Dumbsky. Western Contracting Corp. Jows coration; admitted to engage in general

Sn Co., Inc. 516-512

Refrigeration Supp! ts Sout! Bend; agent, Guy SM inser. 306 LaMonte® Terrace,

South ‘Ben "160 shares of no par value; Frances an Hutchinson, Clarence Huggard, Guy F. Hutchinson.

On_Everything!

Diamonds, Watches, Musical Instruments, Cameras, Clothing, Shosguis, Ete.

2s: 18

Turn Spoiled Food Into Explosives

WASHINGTON, Oct. 20 (U.P.). —A federal program of turning condemned and:adulterated foodstuffs into glycerine for use in explosives has proved so successful that it will be extended to foods seized by the states, the war production board announced today. The. federal government ine spects only food moving in inter-\: state trade; but already has seized thousands of pounds of condemned butter, cheese, peanut butter, soybeans, olive oil and other foods from which grease can be extracted for glycerine making. The WPB conservation division will recommend that state sal vage committees take over foods condemned by state health and agricultural groups which have jurisdiction over foods in intrastate commerce.

NEW FIRM FORMED TO TRANSFER GOAL

CHICAGO, Oct. 20 (U. P).— Horton Conrad, president of the Chicago Waterways Fuel Co., announced today the formation of a new unincorporated rail to water transfer company to provide loading facilities for increasing trans-ship-ment of Illinois coal to Lake Superior and northern Lake Michigan ports. Conrad said the new facilities would alleviate a threatened coal shortage in Canada and relieve American railroads of some excessive burdens imposed by the war. Many lake vessels bringing ore and other products from Lake Superior and northern Lake Michigan ports are now leaving Chicago with-

load with present facilities, statement said. Barnet L. Rosset of Chicago was

the new company with Charles T.

‘|Adams and Samuel Morgan as trus-

tees; and Maj. James Roosevelt, son of the president, as a holder of ; a minor interest.

DAILY PRICE INDEX

compiled for United Press (1930-32 average equals 100): Yesterday 6000000000000 00%0000 159.58 Week 880 cccevccccssssecssne 159.91 Month ago eecooescssessscses 160.63 Year ag0 .c.cecoevc0cccseses 141.92 1942 High (Oct. 1) o0e0c00ce0 161.45 1942 Low (Jan. 2) 9000000000 151.54

out return cargoes because they are | : unable to spare time required to: the| 3

listed as a partner with Conrad in

NEW YORK, Oct. 20 (U, P.). —|: Dun & Bradstreet’s daily weighted|: price index of 30 basic commodities, |:

GENERAL MOTORS GETS BILLION CREDIT

NEW YORK, Oct. 20 (U, P).—= General Motors Corp. : completed arrangements for a $ 000,000,000 “V” bank credit,’ the largest bank loan ever accorded & private business in history. The huge loan, which will come from 400 banks in 40 states of the union, was arranged because the corporation anticipates that it be producing war equipment at annual rate of $5,000,000,000, Alfre P. Soaln Jr., chairman’ of the coms pany, stated. Being made under regulation of the federal reserve system: meaning that the credit will be guaranteed up to 90 per cent by the government, the revolving loan will, run until Feb. 28, 1946. The credit. : will be used as needed and Sloan said that he did not believe that all of the funds thus provided would be necessary. Interest rate on ‘the used portion of the credit ° will be 2% per cent and on the une used part % of 1 per cent.

LOCAL PRODUCE

Heavy breed hens, full-feathered, 176, © Leghorn hens, 14c. : Springers 1%, lbs. and over: Solored, 20c; barred and white rock, 21c; cocks, 9c. Roasters, 4 lbs. and over; colored, 8c; white rock, 19c; barred Tocks. 1 All No. 3 pouitry, 3 cents | EFs—Current receipts 54 Tos. and up, Graded Eggs—Grade A, large, 39c; grade: A, medium, 37c; grade ‘A, small, 35¢; no

grade, 2 25¢ Cn Butte 48048%c; No. 4615¢c; buttesiat, ’ No. 1, 46¢c; No. 2, (Prices on produce delivered at Indiane apolis quoted by Wadley Co.)

Personal Property | e single policy ther —— cant tbo on vaceot the cleaners, in res ots or hotels — from the cominon hazords of BURGLARY « THEFT « FIRE wind, flood, mysterious dis oppearance, and many

tional perils. The cost lis est than you'd imagine

GRAIN DEALERS

MUTUAL AGENCY, inc.

1740 NORTH MERIDIAN STREET

AY ET

GUARANTEED

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RADIOS 120 N. Ly ® cakdond

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You Save Because We Save Men’s Suits & Overcoats:

16” *18" *21™ 24” CASE CLOTHES 215 N. Senate — — Open 9 to 9

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BATES STUDIO

2310 North Meridian

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INDIANA MUSIC 60. 115 E. Ohio St. — LI-4086