Indianapolis Times, Indianapolis, Marion County, 2 November 1942 — Page 10
[POR E FALL 20 CENTS
Top Declines to $14.50 as 12,900 Hogs Arrive At Stockyards.
Hog prices fell 20 cents at the Indianpolis stockyards today as receipts increased to 12,900 head, the agricultural marketing administration reported.
The top slumped to $14.50. Receipts also included 2300 cattle, 700 calves and 220 sheep.
Brick Industry Stands to Gain || a By Order Limiting Use of Lumber
SEVERAL PLANTS IN THIS STATE that manufac-|; ture brick and tile are expecting to close down shortly. One §& ‘at Brazil is scheduled to shut down this week. One mang in the industry says that about two-thirds of the structural clay products plants in Indiana (he estimates there are around 30 in all) are closed down now. The trouble is that the market for brick and tile is gone. A person can. spend no more than $200 on a house or $500 on a farm without government permission. That knocks
off a big outlet for brick and tile. Many of our war plants HOGS (12,900)
“here have used large quantities of bricks, such as the Cur-
tiss-Wright, Allison, Naval Ordnance plants.
But this kind of building is practically over. So about the only other kind of construction left is housing for v war workers, But most : of this has been t h e temporary, demountable kind of houses which certainly wouldn't be made of brick. Last week the w a r production board ordered the war housing program to convert from using lumber to using brick Mr. Budrow 5nd tile wherever possible. That WPB order was the result of the acute lumber shortage the nation now faces. Brick-makers point out that substituting brick and tile for lumber, although it will be somewhat more expensive, will ease the burden on our railroads too. Lumber has to be hauled long distances, in many cases, to get it where it is to be used. But brick plants are scattered throughout the country. Using brick and tile for war housing may prevent the depression in the industry from getting any worse. " ” n COST OF BUILDING a standard six-room house in Indianapolis is about 11.6 per cent more ‘than a year ago, according to the Federal Home Loan bank index. ‘Compared with two years ago (as of Oct. 1) such a house would cost 30 per cent more to build now. ”n ” 2 ODDS AND ENDS: The treasury says only 1.5 per cent of all war bonds have been redeemed .(as of Sept. 30). ., . Glenn L. Martin Co.’s giant flying boat Mars is being converted into an air cargo vessel. . .. Crack passenger trains like the 20th Century and Broadway Limited soon will make their runs on slower schedules as a war measure. . . . There is talk that F. D. R. may order Postal Telegraph and Western Union to merge (to save facilities, manpower, office space) and let congress authorize the financial part of the deal. . , . Manhole covers made of wood treated against decay are proving successful in California; releases metal for war work, . « « Although railroads have considerable business, Ohio river barge owners complain many barges are still ‘idle, others are making trips with light loads.
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities Dealers. Bid Asked Agents Fin Corp com. 1% ... Agents Fin Corp pfd .. Belt RR Stk Yds com .- Belt RR Six Xde 6% 1d Bobbs-Merrill co. . 3 Bobbs-Merrill Pies % PL cose. Comwlth Loan 5% pd 84 Hook Drug Co 12%, Home T&T Ft Wayne 7% pid 51 Ind Asso Tel 5% pf 95 Ind & Mich 7% pid . Ind Hydro Elec 1% pfd nd Gen Serv 6% nfd [ndpls P&L 5'%% pfd.. ndpls P&L com Indpls Water 9% pfd Indpls Water Class A com... Lincoln Loan Co 5% pfd .... jneoin Nat Life Ans com..
Pub Serv ot Jad. Tne com. “eve *So Ind G pid Union Tithe BF com United Tel CO 5%...ccc00. Van Camp Milk ‘pra heessass Van Camp Milk com
Bonds
Algers Wins'w W RR 4%%.. . American Loan 5s 5 .e “American Loan 5
B Citizens Ind Te Consol Fin 5s 60 _ Crabb-Reynolds-Taylor “as. Home T&T Ft Wayne 6s 43. Ind Assoc Tel Co 3%
. 8 ..103 s 70..105 ..106
Kuhner Packing Co 4'2s 49.. 9 Morris 5&10 Stores 5s 50... 98 Muncie Water Worse 5s os. 10472
Pub 8 Richmond Water Wet r 57..105 Trac Term Corp 5s 82 *Ex-dividend.
, | company, Brown & Bigelow,
FARM INCOME
Agriculture Estimate for 1943 Placed at 10 Billion; Crops Reduced.
The U. S. department of agriculture last night estimated’ that the farm income of the nation next year would be from $10,000,000,000 to $10,500,000,000 compared with the estimated record income of $9,800,000,000 for this year. The estimate for this year places the farm income at about $1,000,000,000 greater than the previous record in 1919.
“Farmers in 1943 probably will produce more livestock, but crop production may be smaller than the record output of this year, unless weather conditions again are exceptionally favorable,” the department said. “Crop acreage in 1943 should be at least as large as in 1942, but war
‘demands and the need to conserve
transportation, labor and production supplies will bring about many shifts from crops of low utility to crops of higher utility,” the department said. Military and lend-lease buying of food in 1943 is expected to be 50 per cent greater than this year, taking one-fifth of the agriculture production. Civilian demand is also expected to increase, though more slowly than this year. The department expects prices under the ceilings now on them to remain close to present levels, which are about 6 per cent above the average for the entire year of 1942. “There will be enough food in the total supply, although there may be shortages of many individual commodities;” it explained.
U.S. STATEMENT
WASHINGTON, Nov. 2 (U. P.).—Government expenses and receipts for the current fiscal year through Oct. 30, compared with a year ago: This Year Last Year Expenses $22,076,168,480.83 $7,042,703,299.95 W. Spend. 20,089,138,219.74 4,884,281,093.24 Receipts.. 4,456,323,195.49 2,362,304,106.76 Net Def.. 17,617,477,335.3¢ 4,629,178,543.19 Cash Bal. °4,747,515,432.73 2,601,518,512.99 Work. Bal. 3,985,012,305.29 1,845,633,358.41 Pub. Debt 96,844,329,118.58 60,429,145,900.85 Gold Res. 22,739,590,099.21 22,797,946,640.16
INDIANAPOLIS CLEARING HOUSE
Clearings ..$ 5,688,000 Debits 13,848,000
WINS FIRST PLACE W. L. LeMaster, ‘3254 Park ave., won first place recently in a national sales contest sponsored by his and was given a $50 war bond.
T0 SET REGORD |
WASHINGTON, Nov. 2 (U. P.).—
a day and of its 32 manufacturing some kind of aircraft work,
General Motors announces today that the number of airplanes powered with the Indianapolis-built Allison motor “number in the five figures” and that the engine has been stepped up to the point where it is “the most powerful liquid-cooled engine of its type in the world.” General Motors’ current rate of war production is more than $7,000,000
divisions two-thirds are engaged in
GRAIN FUTURES RISE SLIGHTLY AT GHICAGO
CHICAGO, Nov. 2 (U. P.).—Grain futures advanced fractionally in a dull opening on the Board of Trade. Wheat moved up % to % cent a bushel in initial dealings; corn unchanged to up %4, oats up % to %4, rye up % to 1, and soybeans inactive. In the December options wheat gained % to 3% cent a bushel from the previous. 1243: @%', corn unchanged to up % from Saturday’s 79% @3%, oats up 4 from the previous 481%, and rye up 2: from the previous 617. Favorable war news gave the market a firm tone, but traders awaited the outcome of tomorrow’s elections for changes in farm price and production policies.
CHICAGO LIVESTOCK
Hogs—16,000; weights 200 lbs. and up 25 cents lower, ‘but market dependable at decline; weight under 200 lbs., scarce; 15 to 25 cents lower; good and choice 200-300 lbs., $14.30@14. 50; top, $14.50; 160190 lbs., [email protected]; sows, 15 to 25 cents Ag good and choice 350-550 lbs. ., $14.30 @14. Santie—1s, 000; calves—1300; strictly good and choice fed steers and yearlings strong to 25 cents higher; supplies rating average
to strong; top, $17.3 paid for 1306 1 averages; several Toads, $16.75 to $17.25; heifers strong to 25 cents higher; top, $16.50 for 925 Ibs., most heifers grassy and shortfed kind selling at $14.50 down; good grade cows steady, mostly $11. 50@1 25; an others steady to weak; o Sommers and cutters, $8.25 down to $6.50 and below; bulls fairly active, fully Ytendy; with weighty sausage offerings, $12.65; vealers scarce, active, steady at $15.50. down; stock cattle strong with i ‘western calves, $15.40; yearlings, $14. Sheep—6000:. bidding tn lower on fas lambs held around steady or upward o $14.50 for best kind; few decks common - good ewes arely ly steady at $5.50.
OTHER LIVESTOCK
FT. WAYNE, Nov. 2 (U. P.).—Hogs—20 cents lower; 240-280 lbs. $14.25; 200-240 1bs., $14.15; 160-200 1lbs., $14.05; 280-300 1bs., $14.15; 300-350 1bs., $14.05; 350-400 1bs., $14; 150- 160 lbs., $13. 85; 140- 150 ibs., $13. 80; 130-140 1lbs., $13.35; 100-130 lbs.
13.1 Foughs. $13.50; stags, $11.75; male hogs, $9.75 down; calves, $16; lambs, $14; ewes, $5.50 down.
Evans Charges
district, charged today. Mr. Evans said that unless manufacturers immediately rerate purchase orders in accordance with fourth-quarter approval, they may be subjected to the drastic penalties provided by law. The law provides a maximum of one year in jail and a fine of $10,000 upon conviction. " Mr. Evans explained that the ratings of holders of PRP certificates are subject to revision as the em-
phasis changes on the military and
Many Firms
Disregard Priority Changes
Only a small percentage of Indiana manufacturers operating under the production requirements plan have complied with regulations to notify the mills of reductions in quantities of strategic materials they are authorized to use, Albert O. Evans, WPB priorities manager for this
navy strategy and that revisions of ratings must be complied with or else deliveries from mills are thrown off schedule.
He said a “detailed investigation is under way of each PRP certificate holder. The entire priorities system, and with it the industrial war effort, will break down unless these
ratings are revised as ordered.”
choice and better Very. small; others stea wy P
N. Y. Stocks
Net ; High Last Change Allied Chem ... 139 veer Allis-Cha) y g Am Can 67Y, 3 2 Ya Am 4 1 A
Am Am Am Am Anaconda Armour 111 Atchison Atl Rening . Balt & Ohio . Bendix Avn Beth Steel Borden Borg-Warner Bdgpt Brass ... Chrysler Comw & So .... Cons Edison ... Cons Oil . Corn Prod Curtiss-Wr . Douglas Airc . East Kodak ... Elec Auto-L ... Gen Electric ... Gen Foods .... Gen Motors ... Goodrich Goodyear Hecker Prod ... Hudson Motor . Indpls Pw&Lt Int Harvester... Int Nickel .. Int T&T Johns-Man ... Kennecott Kresge SS Kroger G & B.. L-O-F Glass, .. Monsanto Mont Ward ... Nash-Kelv Nat Biscuit .. Nat Cash Reg.. Nat Dairy N Y Central.. Ohio Oil Owens Ill Glass. ackard Pan Am Airways Paramt Pict ,.. Penney Penn RR Phillips Pet ... Procter & G... Pullman .. . Pure Oil Radio Rem Rand ‘eo Republic Stl ... Sears Roebuck . Servel Inc
a EX RRS
. oo «@
a SN
“oe LR
DEE LE Cr
al er TB Bas
! -}-
U S Steel pf.. Warner Bros . West Union ... West Air Bke.. Westing El .... Woolworth Yellow Tr 13 Young Sheet .. Zenith ‘Rad ..
1 i
+41
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1 + = ~
28 Vs 13% 32 16
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+++
1 83
Complete New York stock quotations are carried daily in the final edition of The Times.
DAILY PRICE INDEX|: NEW YORK,. Nov. 2 (U. P.)— Dun & Bradstreet’s daily weighted
price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Saturday .........ce000000.. 159.68 Week AZO ........ce0s0e0000 159.77 Month Ag0 .......ce00000000 160.73 Year Ago vesssssess 143.51 1942 High (Oct. 1)...00eeess. 161.45 1942 Low (Jan. 2) .. 151.54
THE REPUBLICAN JUDICIAL TICKET
“Superior Court, Room 1 JUDSON L. STARK
Superior Court, Room 2 HEZZIE B. PIKE
Superior Court, Room 3
Superior Court, Room 4 WALTER PRITCHARD
} Superior Court, Room 5 : RALPH HAMILL
Prolab Court DAN V. WHITE .
EMSLEY W. JOHNSON, JR.
Criminal Court
WILLIAM D. BAIN
Juvenile Court MARK W. RHOADS
Your County Judges protect your personal rights and liberties. The above candidates invite study of their records for honesty and ability. Vote for a ehange,
PAID POLITICAL ADVERTISEMENT
3 700-1100 mounds
| Good and Choice—
3|Good and choice .
VOTE REPUBLICAN
120- 140 pounds ... [email protected] pounds ..eecoeses... [email protected] POUNAS sesesessrcss. [email protected] pounds 14. pounds .. pounds . 70 pounds pounds . pounds pounds 14. 40@ 14.45
160- 200 p ounds Packing
Good and Chojgses. 270- 300 pounds . 300- 330 pounds 330- 360 pounds 360- 400 pounds
Good— 400- 450 pounds oo 500 pounds
Medi 250- 350 pounds
Slaughter Pigs Medium and Good— " 80- 120 pounds ............
CATTLE (2300)
Cattle & Calves Steers .
14. Ng @14. 13
Ey ald. % [email protected]
. 14.30@1¢.40 [email protected]
[email protected] [email protected]
Slaughter
Cholce— 700- 900 pounds .. 900-1100 pounds .s.eeececac.. 1100-1300 pounds ..... 1300-1500 ,bounds Good— 700- 900 pounds . 900-1100 pounds 1100-1300 pounds 100-1500. pounds Mediu 700-1100 pounds ceceoc.cecne Cag-1300 PoUNds .oscecoscssse
Comm
15. 0@16 15.50@186. 2 [email protected] [email protected]
sseescvcse
sevsecseccnse
14. 230 15. 23
[email protected] [email protected]
Heifers Choice— } 600- 800 pounds ...... 800-1000 pounds Good— 600- 800 pounds .. 800- 1000 pounds Medium— 500- 900 pounds ...cceseeivce.
[email protected] [email protected]
[email protected] 13.50@ 14.50
sececo0scce
Common— 500- 900 pounds . [email protected] Cows (all weights) 1; Jogi. 1.50 2 0 1. 25 5.50@ 17.25
Bulls (all weights) (Yearlings Excluded)
Cutter and common
eesesnsess [email protected] Sausage— Good (all weights) eeeees...
Medium
[email protected] [email protected] [email protected]
CALVES (700)
Vealers (all weights) Good and choice [email protected] Common and medium [email protected] Cull (75 lbs. up) [email protected] Feeder & Stocker Cattle & Calves Steers
ie 300 pounds ’
800-1050 pounds 1500
12.78
ceesescencees 11.00012.00 cecsccsscecss [email protected]
coscesencesss [email protected] [email protected]
2.00 cos00e0sesses i 5
Good— 500- 800 pounds 300.2050 0 pounds
Mediu 500-1000 pounds Common-— 500- 900 pounds
Calves (steers)
500 pounds dOWD c.cccc.ceees 13. 4 50 Dor [email protected]
600 pounds down ,........... [email protected] Calves heifer Good and Choice— (heifers) oe pounds oT eesscncscss [email protected]
800 pounds down ............ 10.00012.75 SHEEP AND LAMBS - (2200)
Ewes (shorn) $ 5.50@ 6.00 .. 4.00@ 5.50
Good and choice ......... eeee [email protected] Medium and g00d ..ccco.uv.e. [email protected] Common [email protected]
Yearling Wethers Good and choice ........ eee [email protected] Medi [email protected]
OTHER LIVESTOCK
CINCINNATI, Nov (U. P.).—~Hogs— 5575; weights over 160 2 25@35¢c lower; lower weights and sows, 25¢ lower; Monday’s top, $14.35 for good .and choice 200-220-1b. weights; 180-200 lbs. and 220-240 Ibs., $14.30; 160-180 lbs. and 240-260 1Ibs., $14. 25; 300-400 1bs., $14; medium and good 150-160 1bs., $14; ‘good grade sows, $13@
Cattle—1700; calves, 500; farily active on steers, cows, bulls ‘and good heifers; fully steady on all kinds; ood to choice 930-1b. yearling oS ioeLs, $15; medium to good steers, Ji. [email protected]; part load good heifers, $13.25; common and medium heifers steady but slow at [email protected]; few good cows, [email protected]; choice cows ’in limited numbers higher; common and medium cows, [email protected]; canners and cutters, [email protected]; top sausage Ag, $11.75; vealers slow; extreme to op. good and choice, $15016; out grades, nls down. Sheep—170 0; fat lambs steady; early top on choice full wooled lambs and fat lambs with No. 1 pelts, $14.50; most good kinds, HEY [email protected]; 800d fat slaughter ewes,
WAGON WHEAT
Up to the close of the Chicago market today, Indianapolis flour mills .and grain elevators paid $1.23 per bushel for No. 2 red wheat (other grades on their merits). No. 2 yellow shelled corn was 75¢ per sushel and No. 2 white shelled corn, 88c; No. 2 white cats, 46c, and No. 2 red oats, 46c.
The lively calendar above is a reminder that there are a lot of dates in November that
portant in the national mileage conservation campaign.
During the first week, Uncle Sam wants
lucky car owners who have more than five tires to pick out the best five for themselves and sell
use, under strict rationing. From Nov. 9 to 11, motorists in all areas not now gas-rationed will ; ration books. They will be required to give the serial numbers of the five tires they are keeping
tify that they have no more than five.’
On Nov. 22,
mileage rationing becomes nation-wide.
Thanksgiving, and Uncle Sam asks you to observe the holiday at home and avoid. unnecessary tra wise, he asks that you avoid week-end travel, a good idea that needn’t be confined to Novem!
Questions and Answers on Gasoline Rationing Program
WASHINGTON, Nov. 2 (U. P.).— In the following list of questions oj and answers, the office of price administration gives details of the nationwide gasoline rationing program which goes into effect Nov. 25, and the process motorists must follow to register for fuel and tire rations:
Q—Does the national average of 5000 miles a year provided by the rationing program mean that every
car owner gets to drive 5000 miles
annually? A—Absolutely not. Owners of registered passenger automobiles, with some few exceptions, are entitled to a basic ration which provides for 2880 miles a year. Each owner will’ get more mileage only if he shows occupational need for it. Q—Then no one will drive more than 5000 miles a year? A—That’s not necessarily true, either. Five thousand miles a year is the national average. Cars used for purposes regarded as essential to the
‘war effort may qualify for more
upon proof of need. - Preferred Mileage Explained
Q—What is preferred mileage? A—It is mileage above 470 miles a month. Only drivers in the preferred class can get it. Q—Is this the “C” ration class? A—Yes, Q—What about drivers who aren’t on that list? A—They may get a basic “A” book, They may also get a “B” book, if they can show occupational need and meet the car sharing requirements,
Q—Then what mileage may the ordinary occupational driver qualify for through the “A” and “B” books? A—Up to 470 miles a month for occupational driving.
Good for 240 Miles
Q—How much does the “A” book above provide? A—The “A” book | provides gasoline for a total of 240 miles a month.
- Q—How are motorists going to get their mileage rations? A—By getting an application form, filling it out and presenting it on Nov. 9 to a schoolhouse registrar, who will issue the basic “A” book. Applica-| tions for supplemental rations must, be presented later to a local war, price and rationing board. Q—What about tires? A—The government will do its best to supply you with tires or recaps to cover the mileage permitted by the gasoline ration. But you'll have to meet certain = obligations, such as taking good care of your tires, obeying the So-tarlerslivholr speed limit, ete.
Five Tires Only
Q—When I apply for gasoline rations, do I have to list all my tires, or just five? A—You must list all passenger car tires that you own and all that are owned by any relative living at your house. The registrar will not issue you a ration if you list more than five tires until you sell the extra ones to the
government.
(Paid Political
FRANK
Republican Candidate MACHINE No. 384
Advertisement.)
Vote for
P. HUSE
for County Treasurer
because he pledges:
—Efficiency —Economy —Faithfulness —Honesty —Fairness —Politeness —Integrity : —Responsibility —Zealousness —Executive Ability
“My thirty-one years in Courthouse contacts, dealing with tax matters, qualifies me to serve as Marion County Treas urer.”
“CHOOSE—HUSE”
for County Treasurer
| |
Adv. Paid by Friends i
Q—When do I get a new tire? A—Your tire inspector will inform you when one of your tires are in need of a replacement. ‘He will certify this fact to your local war price and rationing board, and you then apply to it for a new tire. Q—I expect to have my car away from home on Nov. 22 when rationing goes into effect. Will I be able to get a gasoline ration to drive home after that date? A—VYes.
CANADIAN BUSINESS EXPANSION HALTED
OTTAWA, Nov. 2 (U .P.).—Canadian business has been frozen under a wartime prices and trade board order issued over the week-end which prevents existing firms from expanding or stocking new lines and bars the establishment of new enterprises.
The order, effective today, was one of the board’s key moves to restrict civilian business in order to divert more materials, men and money into war industries. . It also was intended to serve the specific purpose of preventing the diversion of dwindling supplies of civilian goods from small stores and businesses to new or larger competitors, officials said. Only in exceptional cases will the board grant special permits to allow exceptions to the rules laid down by the new order. The order applies to manufacturers, wholesalers, retailers and to. 10 types of service businesses, such as laundering and dry cleaning, plumbing and heating, and restaurants and refreshment bars.
CLAIM HOARDIM MONEY NOT
WASHINGTON, Nov. 2 (
in circulation to above 000,000 level primarily = heavy wartime payrolls ;
officials said today. : Asserting that “idle slacker dollars,” the Fede representatives said that bo Federal Reserve and the sur were watching hoarding careft
‘|but had found no indi
it is widespread. They are convinced amount of money. required wartime payrolls is prob: greatest contributory factor rise in the amount of m standing. A chart, including in circulation and wages, shows the upturn in the circulation
money is exactly parallel with th .
rise in wages. Any upturn in business is always ways accompanied by increased ‘demands for currency, they said, principally because it places money from wages in the hands of people without bank connections. : In this connection it was pointe out that there are millions of men in the armed services who have no opportunity for bank connections and are forced to carry what money they need in their pockets. : Another item that has caused mand for currency is the the population, which has much greater in recent months ever before. War workers
them instead of leaving banks.
74 cents a common share; net. $6,815,652.
(Paid Political
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