Indianapolis Times, Indianapolis, Marion County, 27 October 1942 — Page 15
Ene 1. | Nation’ s Mills for
phi ps
Weir, Steel Executive, Outlines Need ool
All Types of Metal -
To Keep “Em Rolling.
b! I ones with facts, N Hopal Steel
ate a ‘scrap Shortage? wns, pp steet mie an ‘use sora? % urged donate. NSW! 0 readers. a better gas of Laps soviet in the
India of articles on scrap: iron snd Steel #3 Braet 1 Corp.
Why 5
did ine,
By ERNEST T. WEIR 2 | Chairman, National Steel Corp. : lity of the nation’s steel mills to ‘operate without i ction this ‘winter depends on current scrap
Fevond » what it can expect from normal sources, the
Wu industry
in the coming year will need about five million
tons of scrap iron and steel to sustain capacity production. Intensive ‘public scrap collection programs are the only
means of mal
ing up the deficit.
- Innorms times, the steel industry has two main sources of ; scrap. These sources are “home” scrap and “purchased”
ap.
| “Home” & scrap accumulates in our own steel mills during various processes’in which steel ingots become finished steel
products. As a rule, the volume of home scrap is in direct , proportion to ithe total amount of steel produced—but war “has broken the rule. " . In spite of the present high rate ot steel production, the proportion of scrap to the total amount of steel , produced is lower. Out of each ton ~ of steel turned out, less scrap returns to the furnace for re-melting into new steel.
Lists | Division The reason for this is shipment of large quantities of steel in the
form of ingots| and semi-finished steel out of t country under
lend-lease agreement, plus diver- Ri
sion of steel to * viding relative irchased” . outside the st from manufact
materials proy little scrap. scrap comes from eel mill. It is scrap e and fabrication
aw
of 8 variety of p products. It is odds]
and ends of steel that have outlived . their usefulness and are sold as . Junk. Purchased scrap ranges from rails and heavy equipment discarded by to lengths of pipe and broken implements found in the home. ; ~ © This type of in trade of the 3
ap industry, rep-
_resenting brokers, dealers and col- jad. and
lectors. This industry’s function is to accumulate scrap from various sources, separate it by type and : Sualies, prepare it in forms suitable dor in steel mills, ° : | War Changes Routines
In ordinary pre-war years, the steel industry rarely operated for Jong periods at either a very high or a very low rate. Always there ‘were seasonal peaks and valleys. f During low operations, the scrap industry was able to pile up a backlog. that could be drawn upon in periods’ of accelerated production.
N. .Y. Stocks
Net High Low Last Change
High Low Last Change Corp wey a 13-32 Shel esd 142 14 26 25%
gr 5
scrap is the stock]!
PORKER PRICES OFF 25 GENTS
Schedule Top Slumps to $14.65 Here as 10,750 Hogs Arrive. Most hogs sold 25 cents lower at)
than yesterday's prices, the agricultural marketing administration
eported. The schedule top was $14.65 but a few hogs sold at $1470. Receipts included 10,750:hogs, 2475 cattle, 550 calves and 1825 sheep.
HOGS (10,750)
to Choice— csencesss ces [email protected] . [email protected]
av it igh i
18 cee 330- 360 pounds .. 360- 400 pounds s0s0000000000 Good— . 400- 450 pounds 450- 500 pounds Medium: 250- "350 pounds . Slaughter Pigs
Medium and Good~
Srdiriee, 160001465 [email protected]
[email protected] 13001460
s000080000000 ese soe cst cane
CATTLE (2475) Slaughter Cattle & Calves
Choice— 700- 900 pound 16.50 900-1100 pound 1100-1300 1300-1500
13% 15.50
pounc
Good— 700- 900 pound 900-1100 1100-1300 pounc 1300-1500 pounc Medium-—-700-1100 pounds 1100-1300 pounds
se08000000000
14.25 14.25 14.00
11.75 11.75 1.78
sedsesscsoce
®eessSvosoce 0000000000300
ssecsscscotoed
Heifers
[email protected] [email protected]
[email protected] 13 250 14.50
pounds ececvesscesee pounds ee oceoesecce
000000000000
pounds pounds ccevesccccee ail 9. pounds cseecscossee [email protected] “i00-'500 pounts eeevbocssos [email protected]
(Yearlings Excluded)
%| Beet
Chry 66 Comwith & 80. 5-16 ns ;Bdison see 16%
FELLER Ln
SIHECTHL LL TR:
Int T&T . ohns-Man ... 63} coats care 31}
ERS REESE
et BEFRES
’
Vac Pac ees 178
FLEELELR TRE ++]
. . . .
GHA FE REESRE THESES
FUCLERILE
.
* &
» Son 1 (15 Fg up) eaves fer rras
Gauss % [SOLE (all Weights) .cseesse. [email protected]
essesssess [email protected] [email protected]
Medium Cutter and common ..........
CALVES (550)
Vealers (all weights) Good 8 ape. § Suis. ;
cesses
eee 10381. 4.50
Feeder & Stocker Cattle & Calves
Steers Chotce-
500- 800 pounds 800-1050 pounds 500 800 pounds 800-1060 pounds
sc svoobecone 13. se e000b0000 0 11.78
. ceed bobde eee 11.00012.00 1r3ttatserats [email protected] S00 000 ed®000ee [email protected]
18.00 12.7
cose [email protected] oe nse 13.78 ors)
U; S. STATEMENT
hls Nit Oy 2 os current fiscal year Jorough pared with a year’ Tis Year
War ope io ar Ad So
Last Year 820.73 $6, 84,247. our ely 45 ata 2 -2,291,800,462.64
Gaah Bal. S07Z031181.08 3,374.464,538. Eps 98,110,018. 404 51 60.013 008000 0 . 13,048,024
*sssspsanssvinsne
the Indianapolis stockyards today].
. [email protected] [email protected]
16.95 | -
...$18.50016.00] 10.50
300,638,207.00 3.24% 06108 11
22,745, 390,440. 449.66 22,786,566 359.93
INDIANAPOLIS CLE ‘CLEARING HOUSE | &§
20 Million Shares Changed |
Hands, Biggest Day i in | History.
stock exchange
prove without parallel in history. | {A total of 16,410,030 shares Vooiel officially reported to have changed
hands in that hectic session—which witnessed the stock tape far behind ‘actual trades on -the most of the day—but private estimates placed volume, including odd-. lot transactions, at approximately 20,000,000 shares. The heavy trading — 20,000,000 shares in a whole month now would be considered a big turnover — marked a temporary halt in the opening phase of a decline which wiped out about 83 per cent of market values before it terminated in 1932. The paper loss, or market valuation drop, on ‘that depression bear cycle totaled about $74,000,- ’ © 1929 ; a High Am. Telephone ....$310.25 Am. & Foreign Pur. 199.25 da Copper .. 174.87 Atchison, T. & 8. F. 208.62 Bethlehem’ Steel ©... 140.75
1932 ‘Present Low Price $70.25 $127.00 2.06 0.81 3.00 27.00 17.8% 51.50 7.25 58.00 16.75 2.00 £.00 66.00 13.50 76.00 22.00. 131.00 7.62 41.00 8.75 12.00 > 49,50
21.28 31,50* 15.50 hr
0.87 0.28
Columbian: Carbon . 344.00 E. 1. duPont, : Gen. Motors ....... 9L75¢% N. Y. Central 256.50 U. 8 BSteel....co000 261.75 Consol, Edison .... 183.25 Curtiss-Wright .... 30.12 El Pwr. & Lt..co0eo 86.62 2.78 Intl. Harvester .... 142.00 10.37 52.90 Intl, Telephone .... 149.25 2.62 4.75 ® All time low of $11.37 set in 1942.
¢ Present $10-par Stock; 1929 peak on former $25-par was $214.
NEW YORK, Oct. 27 . By. — -—r Thirteen years ago today, ‘on Tues<| day, Oct. 29, 1929, the New York i
floor}.
Gr ai Hut m : The war's effect on business in Britain will be discussed by Graham Hutton, director of the Chicago office of the British Press Service, ‘at the meeting of the Purchasing Agents Association of Indianapolis. at. the Columbia club Thursday. ‘The talk will he preceded by dinner at 6:30 p. m. . Mr. Hutton is a former editor of the London Economist, wellknown British journal, and contributor to such American: magazines as Foreign Affairs and the Atlantic. When the war broke out he was called into service ‘in the foreign office and came to Chicago in his present capacity in Sepiember. e
LOCAL PRODUCE
Heavy breed (hens, full- fathered, 19¢; Leghorn hens, 1 Springers 1% Toe. and over: colored, 20c; barred ‘and white rock, 2ic; cocks, 10c. Roasters, 4 Ibs. and over: colored, 20c; white rock, 21c; barred rocks, 2lc. All No.2 2 poultry, 3 cents- less. Eggs—Current receipts 64 lbs. and up,
Graded Eggs—Grade la 39c; grade A, am. 37¢; ade A ge 3 450; no
grade, 25¢ on Butter—. 1, 48048%0; ney 460 4614¢; patteviat, No. 1, 46c; Ni 2 ise:
% Present stock; 1929 . on old shares was $549.
to
steseesrisuenssinenis 8B | 15.505:000]
(Prices on produce zai at * Indian-
1; duty : cable.” r *
{require security. dealers to furnish
2 sald, “fortifies our ‘belief . that the
|beyond N. A. 8S. D. policing and
by the National Association of ities: Dealers, Inc., as unnecesJ mworkable and | Ampracti-
The - ‘proposed regulation would
customers with written data on the best bid and asked prices for se+ curities offered ‘over-the-counter. “Our experience of the last ‘two years in self-regulation,” the letter
standards of the securities business can be placed on a high professional. level et, imposing upon that business further restrictive rules and regulations ‘and that
rules and regulations ‘may, indeed, seriously interfere with the process of self-regulation.” . “Only a small marginal element”
that “to put such a rule into large portion of the business and not reach those at whom the proposed rule is directed, it being our considered opinion that the proposed rule, -if” promulgated, would} be. easy-to evade,” the 'N, A. 8, D. said. A, “the number of registered . brokers: and: dealers out-
ness. important enough,” the association’ asserted, “to justify such a rule on the ground that they are
therefore constitute a major prob-
adoption of such further restrictive|.
in the business is engaged in prac-|. |tices: the rule seeks: to cure ‘and
effect would undoubtedly harm a}:
side ‘of the association is not large| |enough, nor is their yolume of busi-
sasnssssen . S2TL000 treme mann. 0
seeseninagsm Nieasishsesssoien
Ra LAL EN $000 000 0000s
PHA oct. 21 Wr] pee ~—Pramuigatior by the securities & Ca 1 ge 00 of its pro-f io ping rule X-15CL-10. was,
<a trestesestasnsesnsens
Repairs snd Alleasions never
Applied for Jobe Received Jobs .
srsscdnssacsnssssen
sires an esc ede
Freight Carloadinigs: ‘inbound Outbound Electricity Output (by kwh) issensse Water Pumpage (gallons) * Streetcar. Passengers (Oct. 1 .....0 Telephones: In Use (Oct. 2) eee Livestock Receipts Aiead). Cress rss Calves"
sasnsavsegnensasanercos
eons ss ssovevsssiotane
Civvessnes
sees reasnirsanyes
Grain Receipts ° (bishelsy Messbievess .Corm ... Wheat Oats Rye | Soybeans
+ Sources of above figur Indianapolis office of the
ssssesenses. 90000000000 0peeRoOONOOS $990'00000000060000000000°0000
sesanscssse snes seess nesses rs
hreeadeiidediseennans
_apolis | Power & Light ¢ Co. .
emesis steed
-.$83,648,000 $96,361 $35,298 : $0200 0
Filed Unemployment Claims aster
2.866 17,351,000 -274,110,000 1,967,801 +269 84,060 7,845 2,613 59,849
tess v0900r%000
13,000
+ Indianapolis Clearing House association, Indianapolis postoftice, city building commissioner, .. 8. employment service, Pennsylvania:railroad, New York Central railroad, Baltimore & Ohio, Illinois’ Ceniral, Chicago, Indianapolis & Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co., Indianapolis ‘Railwdys, Bell Telephone Co., Agriculture marketing service, Indianapolis Board of Trade, Indian='
78,306
7,549 :
2,565 58,329 9,683 531,000 339,000 109,000 62,000 8,000
3014 17,087,000 273,830,000 1,965,559 +369
1,444,194
62,148 40,648
13,110 488,000
3
16,000
$6,014,845
$2,837,125
$1,240,510
$1,790,350 $935,105 471,322
23,627. 13,401
178,682 112,855" 594,208,000 10,964,770,000 55,111,712
2,739
+181
216,747 124,826 1,765,515: 259,679 28,881,000 19,150,000 4,098,000
6,046 2,304
18,000 17,000
3,000
134,000
232,000 666,000
109246 2,403,247
4,860,000
$1,941,040
271,618 15,161 mom 107,468
660,909,000
11,610,810,000 | "3332584 19,162
2,474,079 274,691 128,346 1,803,295 + 271,537 27,584,000 19,225,000 6,938,000 4,518,000 328,000 568,000
+1 ++++ bio Y - +1 fF
+ 69.3
— 0 + 414
-— 17
TWO HYBRID CORN
county agricultural agent, said today.
Spells quoted by Wadl
~
: You have wn outstatiding opportunity ye The choice of any one of 13 branches of Army service is open to you. Only men of your own age group enjoy this privilege. You’ve got what it takes ‘to make great fighting men. The ability to learn, the quick-acting alertness and the physical stamina that win battles and hold down losses. | “Here ar three things for yo to think sbout—end act on—right now: « 1. Your country faces the greatest danger'§ in all its history. Everything you hold dear is under cruel and treacherous attack. To bring nearer the day when the boastful forces of our enemies are finally humbled, we’ve got to hit. them first—hit them hard—keep on hitting them until we’ve won! Do you want to miss your chance to have a glorious share in that victory?
lem for the eommission.”
Call
The first will be at the Henry
today at the nearest Army Recrui
Moeller farm on the north side of| [ncorporations
state road 28, one
‘MEETINGS PLANNED |Bethel at 10 a. m. The other, at
1:30 p. m., will be at the P. E. AnTwo ‘meetings will be held Thurs- derson farm, Qne and one-half day to discuss results of hybrid corn|miles north of the Pike Township tests, Horace 'E. Abbott, Marion high school, on the east ‘side of the
Zionsville road.
Burns & Grassie of Indiana, Inc., Hammond; change of agent to Walte: r Miller,
e west of New
5226 Hohman ave., Hammond.
2
3 Hie sooner yin dng th Arta, to bie yout be Modlin You'll get thorough training, good pay—a’" chance for rapid promotion. If you're qualified, you'll be encouraged to enter an Officer Candidate School. Many men of your age have already won commissions. 3. Read carefully the list of Army services at the right. Before you're 20, you can make your own choice. Pick the one that appeals to. you most; and: that you're best fitted for. In every one you’ll find thrilling action and adventure, along with sound training for a future career.
ecruiting and Induc-
tion Station and get full information about the branches of service that interest you. Talk it over with your family. And when you've made your choice, enlist with the knowledge that you're setving your country where you feel you can serve the
- . Ye i « # . : : : . . ‘ v
of $100 Blue
Ed V. tion; admitted > todan and sell wearing apparel, Louis E.
uren st., Gary.
Air Force jobs. Bo:
for a career in this fighting service.
Ine. go Wy 3
to deal
e, , Pt. e; amend. ment increasing os "capital oon hg 500 shares
Ribbon. Dair change of agent to VanBu
MAKE YOUR CHOICE OF U.S. ARMY BRANCHES. AIR FORCES ~Learn to fly and fight and keep em fying in one of more than 26.
navigators, pilots, gunners, radio men are needed in the air—-mechanics
sr
Em
Cavalry likes it. J
your to
cipal weshors,
of the
Building bridges,
.. day’s work.
x CHEMICAL WARRARE SERVICE ~Here’s, be a combat soldier, firing Taemitcal munitions. The 4.2-inch mortar, . used for smoke screens to cover ad-: vance of troops, will be one of your prine
AK
COAST ARTILLERY — Want to aim an antiaircraft gun ata = help load .. and fire a giant coast d ice Nit the Coun Arkil
experience in -trical and ad ne, ey
CORPS OF ENGINEERS~In the forefiolic fighting much of the time, you'll see a lot of action. with the Engineers. ola i roads, air-fields and “traps—planning camon -ing enemy installa tions—are ‘ll inthe
CORPS OF MILITARY Foc Rabi, : shoulder ity he
3
D
who:
Trains
ners, mechanics’ in the ¢ deh ie nol divisions.
CAVALRY-~Whether you like to ride a good horse or handle a fast armored ie id alry’s mobile striking you in valry’s The rougher the going t the better the
there’s a place for:
force.
eile gun? Sers Artillery give you.
48
Richmond Loan Holding Co., 1nc., Riche mond; dissolution. ; e Eagle-Picher Lead Se; Suid cor poration admitted to In d, uns § u and Sar Ma products, Delaware corpora= a to Man aciueg
in
-