Indianapolis Times, Indianapolis, Marion County, 29 October 1942 — Page 21
Could Cut Cost of oil Products Schedule Top Advances tol es) J By ROGER BUDEOW $14.75; 7700 Porkers
IT SHOULD HAVE BEEN DONE LAST YEAR. ‘That ‘Shioded Her. i the way some in the oil industry here feel about that pipe- Shipped Here. . e announcement the WPB made yesterday. All hog prices advanced 25 cents
oa i te
Eastern ‘Houses Sell in” Active Trade.
| # CHICAGO, Oct. 20 (U. P.).—Rye|# [futures dipped to new lows for the| {season on the Board of Trade today. | Other grains eased fractionally, “At the end of the first hour. rye lowered 5% to h cent a bushel, wheat . {was off % to %, corn off % to %, and oats unchanged to off 1%. Commission houses, particularly those with ' Eastern connections, liquidated rye futures in active trade. Scant demand for large stocks of spot rye proved a fundamental weakness. . Sonie buying by shorts took place on the decline. Corn receded to new low. .ground
INSURANCE. * Personal i ropr.
sosnasese i BE [email protected] 4.100148 1438 4.70
More than a million pounds of scrap have been added to the nation’s growing stockpile by U. S. Rubber - ‘
. [email protected] + 14.60914.75 Co. ‘Detroit plant alone in the form of obsolete tire molds.
HEI EAD
~The giant pipeline is now. being built from Texas to|at the Indianapolis stockyards. todiana and Ohio to the East Coast. The Sgsrinle 0p he bug - Some ustry - a few sold at $1 p - n olga irs 7 ana vl STUDEB AKER" S | cluded 7700 hogs, 1075 cattle, 400} HOGS (1700) cripple the east'’s oil supply. But] ] DROPS == Good to Chetce— ° ‘shortages of ma- : : it terials were given Sw ; 1804 200 as the excuse and ‘present ‘'WPB de-| cision. The pipeline to : proposition and it Mr. Budrow wouldn’t' pay to . Operate it after the war because
nois. - Yesterday WPB said it would be extended through A en, re ad e ago when it was apparent calves and 2650 sheep. that the tanker sinkings would r— the idea has been! Thir A : ; Sormant until tne| Third Quarter Net Is. Half the east coast is strictly a war shipping by ocean tankers is so { cheaper, Informed oR men
As Big as Earnings in Second Quarter.
‘SOUTH BEND, Oct. 29.—Studebaker Corp.’s net profit in the quarter ended Sept. 30 was $376,868, after all charges, equivalent to 16 cents a share, ‘compared with 31 cents. a share in the previous quar-
Sf ter.’ Vi
ng gasoline and oil into this area. wever, the present pipelines are vned by a few oil companies which harge railroad rates for bringing in .. products to . other . companies. [ome changes in ‘pipeline . rates fwould have to be made to enable oil companies to reduce their ces to the consumer.
: Seymour and cutting betwgen ‘Columbus and Vernon and then er into Ohio north of Hamilton d Cincinnati. The original spur between NorCity #nd Mt. Vernon, Ind,
the Ohio river. However, this spur may not be as large as orig{nally planned and after the big line is laid to the east coast, the Mt. Vernon spur may be aband- : ed. ‘Such considerations haven’t {been ironef out yet. J 2 2 COMPLAINTS that war workers ‘are knocking off work to go fishing
pling war production—aren't peing heard so much lately: A local nanpower official ‘hasn't had a ; complaint in several months, §' Absenteeism was pretty much
lured when President = Roosevelt| pe: oy
pped the practice of paying time
jay and double a be for: the seventh, ‘matter what day of the week it
inow is that sickness, which didn’t draw so much attention as a proguction drawback in peacetime, has ecome an important problem now. . Victor Heiser says America’s war industry will lose 131,000,000 “ man-days of labor through sickness ‘this “year, enough time to build flying fortresses. " 4 ow bo DDS AND ENDS: Cetton plantin India is 17 per cent below wd . War department has saved $60,000,000 by renegotiating | R® fontracts with war manufacturers. ; - First issue of Marmon-Herring-
inted ‘in: Netherlands Dutch. . . eneral Motors says the number
Nov. 1
\ . n {freight trains from Chicago to the|y Pacific coast will take 24 hours West
e for the trip.
U.S. STATEMENT WASHINGTON, Oct. % (U. P).—Gor- ; t. 27. com-
Last ¥ 858,879, ar 817
4, . Debt. 96,261,278,051.42 60,060, +29 d Res.. 22, 737,532,402.03 22,793, 056, 439.27
ngs on ann rev eraagh seen nna ..§ 5,282,000 casasssnccsarairseeseess 16,308,000
Ni junit o
LOCAL PRODUCE
vy breed ‘hens, tull-teathered, 10:
130, : consolidated \ met : $1.270,697 after all charges includ-
ts for the
For ‘the’ ‘nine ‘months ended Sept. profit was
ing depreciation, interest on debentures, amortization: of discount on debentures, provision for contingen-
‘cies. and provision for federal in-
come taxes and excess profits taxes:
{The net is equivalent to 57 cents)Good~
i ‘share and compares with a net "90 cents a: share in the nineth period last year: Studebaker’s sales in the first | nine months of this year totaled | 219-2 $152,914,322 compared with $75,-| 199,117 in the same period of last! year. Sales in the third quarter] > were $65,625,044 compared with
last year and $51,598,685 in the second quarter this year. Provision for. federal income and excess profits taxes for the nine months totaled $3,400,006 against
year. Working capital on Sept. 30 was $20,485,566 compared with -$19,298,464 on June 30 and $15,437,296 on Sept. 30, 1941.
N. Y. Stocks
“Net 35 High Low. Last Change +.=13-32 *% ¥% —1-32 <.:138Y, 138% 138% — 25% 26 52 5% : 58% 87
Allegh Gord Allied C
Am Rad & SS... AmRollM ov. pt si 58% Am Can 87 68%
128 ak
Db |
ur Atchison Atl Refining ... Balt & Ohio..
1+1
0! Borg-Wariier .s 2% Chrysler =) Comwlth & &. 9-32 Cons Edison . 1 Cons Corn Curtiss-Wr
144: +:
.
Ya % “Y 15 Ya Is 1% % 9g ‘v 3% Ys % ‘al 51. #32 3% % 3 35 Sa
L141: + . 09 Sol
+++] : Eo
Int Harvester . Ind Nickel
Intst D 8 Johns-Man ... Kennecott .....
seve
44:
sees
el
og ve 25 L-O-F Glass ... Monsanto 7 Mont Ward ... Nash-Kelv .... Nat Biscuit ... Nat Cash Reg.. Nat Dairy ..... 143% NY Central. PR
0) : Owens. Ill Glass 50% ackard
TS Rie, TRA ao wet
Penn RR . Phillips Pet ... Drocter & G..
re it 1! es
Radio m Rand Republic stl. Bears . Roebuck.
shod TE Es
‘Complete New York stock quotations are carried daily in the final edition of The Times.
"LOCAL ISSUES
al quotations fur: c National Assoets tion of atu
$23,197,638 in the third quarter of|920d=
$762,000 in the same period last Medium
(CHICAGO LIVESTOCK
4 | Steady; bulk and
good & he RR “45.500 5.7 55005.
98: {steady at’
a #4 DAILY : i Pun & Bradstreet’s daily weighted |
ere average’ equals 100):
. Week Ago sasssnsesnesesene 150.75 STE Month Ago ssasssevessesas . ‘161.45 3 Year Ago mhoriiiisnnesanns 2 3 (Oct. 1) sesssssnse 161.45 . 4 1942 Low (Jan. 2 esaishense 15154
4850 B33
es wae
330- 360 pound 360- 400 pound G
ood— ; - pounds ..ececcccccs [email protected] 450 500 pounds ..cecesc.cse [email protected] Medium—
250- 350. pounds [email protected] = Sisughter Figs - a ‘ Medium and Good— ' Lb de [email protected]%}
.80-, 120. pounds CATTLE (1075) Slaughter Cattle & Calves . ond ed mead ui oe dE ho sg 700- 900 900-1100 1100-1300 1300-1500
pounds pounds
ee®csscensne
700- 900 900-1100 1100-1300 1300-1500 700-1100 eoecsescsses 11.75 1300-1300 | Bounds sessssessssce 31.78
Soeioh {00 mounds cisessseveses [email protected] - Helloes
holes - 800 UNAS +eoveroseses 14.50015.50 800. 800-1000 Pounds cesses nses [email protected]
pounds
pounds pounds
14.25
14.25 14.00
In
600- 800 poun unds au 110 pounds
500- "900 pounds .cococsssces. [email protected]
: ne 300-900 pounds ....ceese0.0.” [email protected]
insoRene EAE 13.808 14.50 sesesesscece [email protected]
5.509 7.25 Bulls (all weights) © (Yearlings Excluded):
ieeees [email protected] veieese.. [email protected]
. [email protected] 9.00910.00
Sausage= Good (all weights) Medium Cutter and common
CALVES (400)
Vealers (all weights). Good and ghalde vresnaien ME aisse Common and medium . iy cull (15 Ibs. up) 00810.50 Feeder & Stocker Cattle & Calves » Steers Choice * 500- 800 pounds 800-1050 pounds
vieeresnsees [email protected]
se ce0c0s0R00 11. [email protected].
Good— - 500- 800 pounds ...cccessecee 11. 00013.00| a fin Be [email protected]
e0cos estan ‘[email protected] 9.00©10.00
Medium-— © 500-1000 pounds Common — 500- 900 pounds ...cc.ecosevs’ - Calves (steers) Good and Choice— ne Jotinds down
0500" pounds down . . Good and Cho a " a 500 pounds down ssesinecess 127501450
Medium §00 nds dOWD ...iéiesiee. 100001278
SHEEP AND, LAMBS -
wes (shorn) idtioes) oe ‘8 5.508
d choles Goo and cho 4001
Common. and choice: ixavhsses Lambs
[email protected] : 13
Yearling Wethers
Jaod and choice Medium ...cceonvvcersees Loli 11.00
Good and cholce or Medium ‘and good Common: .. .
12.50 1.75
5—10,000. All weights and sows
9 h sows,
2300. “Strictly ed steers and eat oo $16.65, yearhd ulk, $13. 50@16; fed. heifers steady; Lv Sena and canner ang cutter cows weak to 235 cents lower; lattér class very dull and generally 50 to" 75 cents ower for week fa date, a 30 eighty cutters stop Dping at arou 8.50, and canners, [email protected]; choice roo yt absent best $15.35; grassy kind, $ 50; ; Sood rade cows ‘stead om Frappe, unt; savy western selling u; to $12.50: } bulls active, firm, with weighty S858 offer$12.60; vealers steady a t $185. calves slow, steady no {following broad. active trade arly in week on all
Bei 3000. Fat lambs 10 to 15 cents blower; other slaughter. classes a to) tat native lambs under usual sort, $14.50; throwouts, $11:50 down: trucked-in short ‘lambs with No.1 and No. 2 pele 1. ideia Sew desks
OTHER LIVESTOCK
FT. WA YNE, Oct. 20 (U. P.).— jSieadys 340-280 1bs., 34; 40; Ina ao °F. $14.30; 160-200 1bs., $14.20; 280: =300 1bs., 4.30: 300.350 Ibs., $14.20: 350-400 ' lbs,, By $.15; 150- Jid4 5: 140-150 1bs., hu 3.80; 130- 1% The: 13.55; 100-130 1bs., hs, $13.78; stags, $12; male ho $50 do i, calves, $16; lamgbs, $14; ewes,
CINGINNATL, Oct.
4 Sa
C market weak to’ enie Tigh Tab Rs “Saighier ‘ewes
te, 2650; no_ early. ‘action: 14.50 for good 260-b, a: ts. :
LH best and choice 1 NEW YORK, Oct. 29 (U. P).—
c ice index of 30 basic commod1 “for “ United Uress
Yesterday - VeeseseReasioniavinieg 158.78
‘143.37,
oo :» Bigs :
M5 . 13.00
: 29 (U. P.) —Cattle— Receipts, 2950." Calves, 300: Pon ; d ited
Es he bi Bat oy. oe : tly choice kinds, §$ lshald; general |
PRICE INDEX|
MERGER PROPOSED |subsidiary, U. s.
M.. no mistake, the Army of the
United States is going back to Bataan. It’s
going to pyt the cocky Jap army to head-
long flight. Immortal Corregidor will again
see our flag flying proudly. overhead. We're
, going to. hit the Axis’ in every part of: the 2
world. And some day the streets of Berlin
will echo to the clatter of American “tank
busters.” Don’t you want to be there?
“You young Americans—the hardest hit--ting, toughest fighting team in the wotld— have got the stuff to help bring this about." Today the Army offers you, before your
20th birthday, the privilege of selecting any one of 13 different branches in which to get into this fight. Read about them. Talk them over with your family and get full
.information at your nearest Army Recruit-
ing and Induction Station.
AIR FORCES—Here you have splendid opportunities—
more than 26 highly specialized jobs—mechanics and
radio men, bombardiers, pilots, Bavigaton, gunners, aerial photographers; flying in planes, gliders or serving on the ground. Or, if you're skilled with tools, you can gain first-hand knowledge and experience ser vicing the fastest, finest planes on earth. It’s all great
training for & career in the mighty field of aviation, ;
S. Distributing Corp., sols” of ‘more than $21 000,000, were : isin : NEW YORK, Oct. 28 (U.. P.).—|and recapitalization of Pittston as|proposed to stockholders: of . ‘both [email protected] Merger of the ‘Pittston Co. and itsjthe continuing company with as- companies today, feo
/
‘an advanced know “branch of the Army. Here you become:a combat soldier firing chemical . munitions. One of your principal “weapons is the 4.2:inch chemical mortar used for smoke
..to pave the. way for our Army . . . destroy to obstruct . . the enemy. ‘you build ’em all. You operate railroads. In powerful
CHEMICAL WARFARE SERVICE — You do not «mond knowledge of chemistry to join this vital
screens to cover the advance of troops. You'll be work-
"ing with the newest developments in chemical warfare.
cludes both world-wide antiaircraft service and harbor
and shore defenses. Around the world, they’re knock-
ing the enemy out of the sky .. . peppering our
waters ‘with deadly mines against hostile ships. ‘Gun‘fiers are manning antiaircraft guns, big~calibre railway “guns and tractor-drawn 155’. rience, in gunnery and * and radio fields too.
Here's thrilling expe. +3801. dleuirica)
‘CORPS OF ENGINEERS -- Build and destroy — you _
leasn how to do both in the Corps of Engineers. Build Bridges, roads, tank traps, camouflage—
_ assault boats of the Amphibian Command you carry ’ troops to secret attack. Engineers are trained to ihe:
and hey 8 we Play s of action,
for the year.
- RAILROAD BOARD MOVES ~The local district manager's office of the U. S. railroad retirement
*. *
COAST ARTILLERY CORPS—The Coast Artillery in-
*
rx
A % * * > * * Ok
Ts
MUTUAL AGENCY Inc.
1740 NORTH MER
Ny / Ea hel oR 2 ARNEL JN
INFANTRY — Rodeinig to the Seon big trucks, skiing
down snowy Sountain ope floating , to earth by :
’
parachute or flying 3
“port planes, today’s ¥
the terrific fire-power’ more than ever “the backbone n enlistment in the Infantry; you may. request assignment for tank destroyer tegining, 1
MEDICAL DEPARTMENT - Wherever our soldiers 5
on training maneuvers or up to the. front, the Med ical Department goes along to ‘care for their health, and help save lives. There are hundreds of responsible positions for enlisted men in this department. Ambu. lance drivers, laboratory specialists, pharmacists, X-ray operators, dental technicians, veterinary ‘assistants — a these and many more will find action ud splendid &*
training for the future.
- ORDNANCE DEPARTMENT -Tanplemets of
and small, are supplied and serviced by tl Departinent — tanks, tractors, trucks,
* harbor defense guns, grenades, small
optical instruments. And there’s ples
; be field for the trained specialists whose
f= every piece of Squipment in Sighting shim,
Stk 3 Wherever our | master soldier i ison’ i
Seely of “ultra-modern in’.
radio transmitters dnd " “Electronic Sentries,” “Walkie Talkies” a s alter elostly gi and operate. are . for one of the d operate The
~o Tremere cxiing rendiiof St