Indianapolis Times, Indianapolis, Marion County, 23 October 1942 — Page 31

ARP PRT i

I; en! review, o out today, polite; “ Pout that- in the “months July, August and September the ‘increases in business activity in this state have been smaller each month than in the preceding month. September’s crease was only a little more than 1 per cent.over Au"gust. The two most important gains

last month: were}

! in. the increased Budrow gle ef livestock rise in steel production. p reason so much livestock t to market was that farmated to sell their stock bece ceilings were ordered by

ig reason for greater: steel

epartment stores didn’t e. usual September gain Bank debits, on the other hand, were the highest in history. , The buil ing industry was the quiet- > est _ 1941, » » ”

‘wrecks: They are so sorely needed that ord nary repairs haven't been igh speeds and constant ‘use are| wearing out tank cars

ODDS AND ENDS: New York’s - spaghetti and fish restaurants are profiting \from| Mayor LaGuardia’s plea for meatless Tuesday. ... Because of the noise in one airplane

plant, welding teachers use throat|.

microphohes and their pupils listen through earphones in’ their welding helmets, A ‘Knoxville department store has its Christmas ‘decorations up already in order to spread the Christmas shepping rush. . . . The 3,200,000 tons of steel

scrap. thus far collected amounts to|$

a month's supply, the 6,000,000-ton goal hoped for would be a two-

_ month supply against winter,

"DAILY PRICE INDEX

NEW YORK, Oct. 23 (U, P.).— Dun & Bradgstreet’s daily weighted price index of 30 basic commodities; compiled for United Press. (1930-32 average equals 100): / ® ¥ Yesterday | |@0c00e00000000000. 159.75

‘Week Ago eec0seéecneshocses 159.80 30c.

‘Month Ag ®0s0csesesnsense 161.21 Year Ago cssesoercsneviiess 143.28 1942 High (Oct. 1) seceeses 161.45

“Leveling Off of Business Expected By. Indiana University Economists

By ROGER BUDROW—

THE RISING. CURVE OF BUSINESS activity, which has been the general trend in Indiana since June this year,

in-1

‘mately $5,000,000 a year.

Jof the public. service commission,

passed along to Indiana consumers

NATURAL GAS |

1926 7 1928 1929 1930

1931

1932 1933 1934 193% 1936

1937

1938. 1939 1940 1941 1942”

Indiana business continued to increase in September but at a slower rate than in August and the prospects are that there will be a leveling off of the business activity curve, according to Indiana university’s bureau of business research.

SURVEY BEGUN

Indiana May Benefit From Reduction in Pipeline Charges.

The public service commission is

pany formed recently. mately and its personnel will join State Life.

State Life Co. Takes Over

Hearthstone Co. Business

The State Life Insurance Co. of Indianapolis is taking over the insur-

making a survey of -natural gas consumption and prices in Indiana to determine if retail rate cuts will be possible when the federal power commission lowers the pipeline rates of Panhandle Eastern Pipe Line Co. '.'The federal power commission has given Panhandle until Név. 10 to file a lower wholesale rate schedule which will cut its charges approxi-

Panhandle, largest natural gas pipeline company in the country, serves Public Service Co. of Indiana, Inc, Northern Indiana Public Service Co. at Ft, Wayne and the Central Indiana Gas Co. at Muncie, Anderson, Elwood, Alexandria and industrial customers that buy directly. Public Service Co. of Indiana alone buys more than 8,000,000 cubic feet of gas a day from Panhandle for resale in Lafayette, Crawfordsville, Lebanon, Frankfort, Noblesville, Martinsville, Tipton, Huntington, Bedford, Bloomington, New Castle, Seymour, Franklin and Columbus. Frederick F. Eichhorn, chairman

now so the commission will be able to determine what saving can be

when the, federal power commission rate reduction order is made.

U.S. STATEMENT WASHINGTON, Oct. 23 (U. ‘P. ).—Gov-| ernment expenses and receipts for the

current fiscal year through Oct. 21, compared vit. ‘a year eo

1, -903, 289,910. 11 Pub. Debt 95,949, 980,766.89 59, 898.810,773.13 Gold Res. 22,744,898.894.22 22,785,427,919.94

INDIANAPOLIS "CLEARING HOUSE

Clearings Debits

LOCA

Heavy breed 18¢;. Leghorn hens, Springers 12 lbs. and over: colored, 20c; barred and white rock, 2ic; cocks, 9c. Roasters, 4 lbs. and over; colored, 19c; white rock, 20c; barred rocks, 20¢ All No. 2 poultry. 3 cents less. Eggs—Current receipts 54 Ibs. and up,

PRODUCE

hens, full-feathered, 15c¢.

Graded Eggs—Grade A, large, 39c; grade A, medium, 37c; grade A, small, 35¢; no

grade, 38 eS Butte: 1, 483@48%c: no. 3, ¢60 4615¢c; “butteriat No. 1, 46¢c; No. 2, 43c. (Prices on - produce delivered at Indian.

) ¢esessesce 381.541

apolis" Sted by Nadiey. Co.)

No. 2 yellow she] sushel and No. 2 white shelled corn, 88c; No. 2

U. S: TO SELL LOAN WHEAT; PRIGES FALL

CHICAGO, Oct. 23 (U. P.)—

Wheat and rye futures declined on the Board of Trade today following the announcement of the wheat price stabilization and subsidy program. Corn and oats rallied to slight gains.

At the end of the first hour wheat

was 7% to 1% cents a bushel lower, corn up %, oats unchanged to up %, rye off % to %, and October soybeans off %.

The department of agriculture

and the office of price admfnistration joint announcement that the government will release loan-wheat at prices to prevent an increase in bread and flour retail levels caused heavy liquidation in wheat and a drop of almost 2 cents a bushel in early trade.

WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and ig

rades-on their ar

said the survey is being undertaken glevaiors paid $1.24 per bushel for No. I

ed wheat (other ed corn was. 75¢ per white oats, 46c, and No. 2 red oats, 46c. 5

————————————

DEALERS TO RECEIVE

MORE TIRES SOON

WASHINGTON, Oct. 23 (U. P.).

—The office of price administration moved today to enable dealers to increase their stock of passenger car tires to be prepared to make consumer Sales under the new nationwide gasoline rationing program which becomes effective on Nov. 22.

Under new OPA regulations, deal-

ers may acquire new tires made of reclaimed rubber, and recapped and used tires for sale to motorists who| pg have received ration certificates from local price and rationing boards.

Heretofore, there was no way for

dealers to increase the size of their inventories by purchases from regular suppliers, because for every tire they bought they had to turn over the replenishment portion of a rationing certificate the purchaser.

collected from

o Paramt Pict = | Penney

9 =| Owens Ill Glass ! = | Packard 2

= Penn RR = | Phillips Pet ... G... 51

=| Rem Rand .... 1 = | Republic 8t1 .. =|Std Oil NJ .. E | Stokely Br ....

= | Studebaker . .... = | Swift & Co ...

ance business of the Hearthstone Life Insurance Co. an Indiana com-| The Hearthstone firm will be liquidated ulti-

‘The transaction was formally approved yesterday by Frank J. Viehmann, state insurance commissioner. The Hearthstone Life was one of the younest companies in the state, started ‘just . before the war by Frank P. Manly, well-known insurance executive. Its activities were limited to Indiana. ‘Offices are at 155 E. Market st. State Life is the oldest in tadians, founded in 1894. Headed by Robert E. Sweeney, the company now has nearly $200,000,000 of insurance in force. Its home offices are in the State Life building at 14 E. Washington st. The war was one of the basic reasons for State Life taking over the Hearthstone business, it was explained. Insurance companies have had difficulty in obtaining and keeping experienced agents and in finding capable personnel for home offices. The addition of Hearthstone’s personnel to State Life will ease the situation. State Life's position in Indiana will be strengthened by the addition of policies sold originally by Hearthstone and the efficiency of Joperating through one concern instead of two was regarded as beneficial. Mr. Manly said that Hearthstone stockholders would be paid slightly more. than 100 per cent on their investment.

N. Y. Stocks

Net Loy 7 Last Change 1 1 : 1447, a 26 Ys

% % Ys Ya

Allegh Corp .. Allied Chem . Allis-Chal A Am m Am Am T & T Am

Am Anaconda

+E lH HLL

1% Borg-Warner’. wo 26% Bdgpt Brass . Chrysler 86% Comwlth & so. 1).32 Cons Bdison . % Cons Qil Corn Prod Curtiss-Wr . Dou las Aire” . 10% Du Pont .......130% East Kodak | oe 13847 Elec Auto-L .,. 30% Gen Electric ... 30 Gen Foods .. Gen Motors ... Goodrich Goodyear Hecker Prod Hudson Motor . Indpls P&Lt .. Int Harvester . tT & T

Johns-Man . Kennecott

I+1+ H+ HH HH +

Nat Biscuit .... Nat Cash Reg.. Nat Dairy N Y Central ... 1 Ohio Oil

Ll++1+1:

Pan Am Airway oe 17

1+]

Texas ath

g | Timken

= | White Mot . = White Rock

= Yellow = | Young Shee} ..

FOR CHILDREN i , (Other Children’s Costumes, 79¢ to 2.50)

Gypsy “Wooden

LAL

= * Es j

Dutch Boy and Girl Military Girl Miss Victory ~~ Chinaman

140

Soldier

Peter Rabbit Organ Grinder Giafar Irish Lassie ,- Wise Man Princess’ Leopard iger Red Fox Phantom

FOR ADULTS. ae (Other Adult Costumes to 5. 00)

rsh Woman . \Argentine Man ). Southern Belle

Peasant Miss America i Argentine Man Pierette - Clown

“Blade's

Costume Depts Annes.

=|U S Steel pf = | West Union ... 29

Agents "Fin~corp bia LL oe

B 51 United Kirorati 30% Gas I

50° 49%, A12% 1123 Warner Bros .. i 6%a West Air Bke . Ls Westing El .... vee ied

Woolworth ... 27% Tr eee 12%

32v, 32%

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

LOCAL ISSUES

Nominal quotations furnished by loc unit 3f National Association of Securitie Dealers d Asked

Bobbs-Merrill Bobbs-Merrill 2% pf Comwlth Loan 5% ,pfd Hook Drug Co com Home T&T Ft Wayne 7% pid Ind Asso Tel 5% pf

30 gs %

Van Camp Milk Td bl Van Camp Milk Som ay

Algers Wins'w W BRR a e.. American Loan 5s 51 American Loan 5s 46 Cent Newspaper 4) Fog ve Ch sf.Com Bld Citizens Ind Consol Fin 5s

2 cents, 33%

1s spare ribs, fresh, 19%

PORK CEILINGS | START ON NOV. 2

90 Varieties of Common ‘Cuts Covered by OPA

Rule; Define Zones.

WASHINGTON, Oct. 23 (U. P.).— Price Administrator Leon Henderson today ordered maximum dollars and cents wholesale Price ceilings on 90 varieties of common cuts of pork, effective Nov. 2. The order, which affects virtually all cuts of pork, will cover 2600 packers and processors and 700 wholesalers and jobbers in. three base zones throughout the ceuntry. Henderson said the two major effects to the consuming public of the ceiling prices will be: 1. Available pork supplies will be distributed more equitably in ‘all parts of the country, 2. Severe pressure for higher re-| tail prices will be relieved. The new prices will replace ceilings that werd based on individual sellers’ prices during the period March 3-7, 1942.

* - Three Areas

The specific areas include: . 1. The central zone will embrace Iowa and nearby portions of WisNebraska, Kansas, parallels and the 91st and 99th

meridians, including Minneapolis and St. Paul) This is the area

production and interior slaughter. 2. The Chicago zone will include portions of Wisconsin (south of the 45th parallel) and of Illinois not included in the central-zone and St. Louis, Mo. This zone accounts for about 20 per cent of the nation’s total hog slaughter. Maximum prices in this zone will be 25 cents

in the central zone. . Prices Announced

3. The third zone prices will be the central zone base price, plus 8, specific freight differentisl. - OPA released the following while2|sale price ceilings on some of the most common pork products at the three pricing zones: Grade A sliced bacon, 341; cents per pound in the central zone, 34.75 cents in the Chicago zone, and 35%

3, [cents in the outside zone; smoked

skinned hams, under 14 pounds, 33 cents, and 34 cents; Boston butts, fresh, average four-

2 eight pounds, 29% cents, 29%, and

30% cents; cents, 28%

smoked picnics, 28% cents and 29% cents; cents, 19% cents and 20% cents. In the third zone which embraces all territory outside the central and Chicago zone, OPA fixed the freight differential at 115 per cent of the

points east of the Mississippi and |} New Orleans, excluding Minnesota,

» | Northern Wisconsin and the souyth-

ern tip of Michigan}

OTHER LIVESTOCK

lbs., $13.25. Roughs, $13.75; stags, calves, $16;

s—40 Sie. 35;

$12; male hogs,

$9.75 down; lambs, $14.25;

ewes, $5.25 down

BUSINESS AT A GLANCE

. Hudson Coal Co. and subsidiaries Sept. quarter net income $50,934 vs.

. $236,339 year ago.

International Railways of Central America 9 months ended Sept. 30 net income $849,673 or $8.49 a preferred . share vs. $784,346 or $7.84 year ago, Lehigh Coal & Navigation Co. and subsidiaries 12 months ended Sept. 30 net profit $1,652,082 or.-85 cents a share vs. $2,145,271 or $1. 11 previous 12 months. National Acme Co. Sept. quarter net profit $1,318,534 or $2.64 a share vs. $858,193 or $1.72 year ago.

‘|yards today, larger ~ than, at any other livestock market in\ the na- |}

consin, Minnesota, South Dakota,| Good Missouri and |Mediu Illinois (between the 39th and 45th|Can

of greatest concentration of hog S#use

per hundredweight over the prices| Good—

carload freight rate, from Chicago | $14.65. . | plus 25 cents per hundredweight for

:| few slaughter ewes, $5.

J. OF CHICAGO DEAN | NAMED WMC CHIEF]

P)—|. William H. Spencer, dean of the}:

"REACH 16, 000

Other = Stockyards; : Prices Tumble.

received at.the Indianapolis Stock-

tion, according to the agricultural marketing administration, -

pounds. The top was $14.55. There ‘were 700 cattle received, 375 calves and 1600 sheep. HOGS (16,000) ! ioe Cai ws [email protected] eseesees. [email protected]

270- 300 pounds s... 300- 330 pounds ..... be 330- 300 pounds ..cesseseccss [email protected] Medium —_ 160- 220 pounds - Packing Sows

Good and Choice— lesonecwe ese [email protected]

. [email protected]

Number Larger Than Any|3

* Approximately 16,000 hogs were |d

Prices tumbled 50 cents per 100|

Boston’s Back Bay coffee drinkers stand in line more than a block

long te buy one pound of coffee and a quarter po

of tea, rationed

from the only store in town. that received a shipmen

: . [email protected] veunsesn. [email protected]

330- 360 pounds .. [email protected]

360- 400 pounds ..ececeess.. vessessassss [email protected]

Good 400- 450 pounds hesesoeeseoe [email protected]

450- 500 pounds Medium— : 250- 550 pounds [email protected] Slaughter Pigs Medi and Good— 80-120 pounds i * [email protected] CATTLE (700)

Slanghter Cattie & Calves Steers

Choice— 700- 900 pounds 900-1100 pounds cece 1100-1300 pounds ... 1300-1500 pounds ..ecccicssos

sees evesess [email protected] .. [email protected] . [email protected] [email protected]

700- 900 POUNAS .\eeeseeen. + 142501350 900-1100 pounds ... 1100-1300 pounds

159-1500 pounds ehesssestone Mediu 700-1100 pounds efsese. fain pounds 7)

. 11. 5@14. 25

[email protected] [email protected]

[email protected]

ese ee sieseccnssoe

C1100 ) mounds

Choice— 600- 800 pounds 800-1000. pounds Good— . 600- 800 pounds .... 800-1100 Dn . Medium , 500- 900 pounds ’... Common— : 500- 900 pounds Cows (all weights) CASEY Che aren eae 10. Soa. 18

. 14,[email protected] [email protected]

[email protected] [email protected]

ees0 csc seeessecss

@ bis Bulls (all weights)

(Yearlings Excluded) Beef— y [email protected]%

se200 0000000000000 000 0s

cessneas 11.25@12. 3 10.00

Good C (all weights) Medium Cutter nd common

CALVES (375)

Vealers (all weights) Good and choice [email protected] Common and medium 0.302143 Cull (75 lbs. up) [email protected] Feeder & Stocker Cattle & a, Ehot - Steers

500 300 pounds .. 800-1050 pounds

[email protected] [email protected]

500- 800 pounds ..

11. Ko 13. 2 800-1050 pounds 0@12

11.0 Medium * : 500-1000 pounds cocecsosconsce [email protected] common . 500- 900 pounds [email protected]

®ccesrssceses

Good. and 500. pounds

Medium. : 0 pounds down ,.. 500 pounds OWRD «eecese.es. [email protected]

Medium— 500 pounds down .. . 10:.00012.76

{SHEEP;AND LAMBS (1600)

2 rT & 3 “Ewes &hsrn) \ Good ‘and choice .iiii. Common and. choice iiicyegess Lambs . Good and clolce FI veess [email protected] Medium and good ..:...ee0ee [email protected] Com be sll suv vneren sheeeses [email protected] Yearling Withers Good and choice dium

sects senace

[email protected] [email protected]

Hogs—8000; 25 to 35 cents lower; Taftly active; good and choice 200-300 $14. [email protected]; Say. top, 3 5 choice sows, 320 400-550- 1bs.,

Savile 1500; calves—300. slow, ak. most sales [email protected]; best, $15.1 ew $11.50@13; good cows firm at $11. (+P 50; bulls 10 to 15 cents higher with weighty sausage offerings, $12.50; heifers weak; best, $15.25; cows Steady; cutters,” $9.25 “down; canners, $6.75 to $7.75; vealers Sleady at $15.50 down; very

“| few stock cattle here, steady.

and choice fat native 14. Bs: Strictly choice kind, down; Rak $11@13;

CHICAGO, Oct. 23 (U.

University of Chicago business directing the war manpower comdiana and Wisconsin. power Commissioner Paul V. McNutt. Meanwhile, Mrs. Ruth A. Burman, WMC labor market manpower areas which showed

labor shortages at Laporte and Evansville, Ind.; Springfield, 'De-

FUNNY BUSINESS

7 7

[email protected] - oo [email protected]|

bulk |

Freezing of Farm

Jobs Recommende|

WASHINGTON, Oct. 23 (U. P.). —A war manpower commission subcommittee soon: will recommend rigid “employment stabilization” on Dairy, poultry and livestock farms, it was reported today. The proposed plan, which would tend to freeze workers on the farms, will set up controls through selective service and the U. S, employment service similar to those keeping non- -ferrous miners and lumberjacks on the job in 12 western states. It probably will be aceompanied by steps to prevent unnecessary hardships and to. raise farm wage levels. Officials said the farm worker “freezing” plan probably would be submitted to the WMC labor-man-agement advisory. committee .early next week. If the committee approves, the. full commission may consider it at its regular Wednesday meeting. N

BUSINESS. AT A GLANCE

By UNITED PRESS Central Paper Co. Inc, year ended June 30 net income $581,948 or $2.64 a common share vs. $553,223 or $2.93 previous year. Connecticut Light .& Power Co. 12 ‘months ended Sept. 30 net income $3,444,769 or $2.42 a common share vs. $3,817, 199 or, $2.99 previous 12 months. Eastern Gas & Fuel Associates 12 months ended Sept. 30 net income $2,781,956 vs. $5,591,531 provious 12 months.

THIS CURIOUS WORLD

ER ——

s00 einl

CHICAGO LIVESTOCK |

FARM EQUIPMENT

PRICE CEILING SET

WASHINGTON, Oct. 23 (U. PJ. —The office of price administration today established few manufacture ers’ and wholesalers’ price ceilings

on farm equipment, based on ‘prices prevailing on March 31; 1942. ¥ The new ceilings, which. becoms effective Nov. 15, replaced general maximum price regulations ‘which had controlled farm. equipment prices at-the general March level. The order also permits adjuste ments of prices of items which have been changed in design, specifica« tion or equipment since March 31. Retail ceilings on farm equipment were established last May. ;

CHURCH BELL GOES TO WAR PIERCE CITY, Mo., Oct. 23 (U, P.).—The 500-pdund church . bell, which called the faithful to services conducted by Harold. Bell Wrighs before the pastor wrote his famous “Shepherd of the Hills,” today was just another piece of scrap ‘metal, heading for the wars. :

KRAUT SUPPLY FROZEN. WASHINGTON, Oct. 23 (U. P). —The war production board today heralded return of the “kraut bar= rel era” with an order freezing all stocks of canned sauerkraupt for civilian use until April 1, 1243, to encourage sale of bulk sauerkraut,

Fidel it

TRUST Co 123 EAST MARKET STREET

Poa

MEMBER FEDERAL DEPOSIT INSURANCE CORP

—By William Ferguson

THERE 1S ONE DAY IN EVERY MONTH IN . WHICH THE MOON DOES NOT RISE , AND ONE IN WHICH IT DOES NOT SET,

Steer trade| .

IN err i

CAT. WERE 7RANED TO CATCH BIRDS. WE TRY TO TRAIN THEM

school, today took over the job of] mission’s activities in: Illinois, In-|.

Dean Spencer was appointed re-|-gional WMC director by War Man-|

2% CII CIO

COPR. 1942 BY NEA SERVICE, ING. T. M. REG. VU. S. PAT. OFF.

WA WISE GIRL NEVER. LOWS H ER. KNOWS,’

'B JEAN FCRAMBERLING Cincirorartiy Oo.

analyst, presented a list of “critical”!

catur and Seneca, Ill, and Manito- ; | woc and Sturgeon Bay, Wis,

HANGERS—{c EACH

We sy usable wire garment hang 10¢ per bundle of 10.

41 Slo All Over Indpls. }

WE Buy Diamonds HIGHEST Asn PRICES

STANLEY Jewelry Co.

113 W. Wash. - Lincoln Hotel Bldg.

FUR COATS

Largest Selection in the State INDIANA FUR CO.

112 East WASHINGTON bi,

‘Make Woodworking Your Hobby.

DELTA MOTOR DRIVEN TOOLS Exclusively at - VONNEGUT'S 120 E. Washington St. FRACTURE BEDS. ‘Can Be Rented at the New HAAG’S ALL-NIGHT ; ' DRUG STORE 22nd and Meridian