Indianapolis Times, Indianapolis, Marion County, 27 November 1942 — Page 31
FRIDAY, NOV, 27, 1942
« BUSINESS
Gasoline ‘Black Market’ Here Won’t Be as Active as in East
By ROGER BUDROW WARTIME BLACK MARKETS, LIKE BOOTLEG-
GING, probably cannot be eliminated entirely.
But it looks
like many around here who are expecting to be able to buy gasoline easily ‘on the “black market” are going to be
HOGS STEADY; 13,000 ARRIVE P— $13.60
Active Top’P Is Reported on Local Market.
The Indianapolis hog market was generally steady today with an active top price of $13.60, Receipts were 13,000 hogs, 1100
Reappointed
THE INDIANAPOLIS TIMES
HOLIDAY TRADE TO SET RECORD
Estimate Volume in Dollars! Will Exceed Last Year By 6 Per Cent.
WASHINGTON, Nov. 27 (U. P.). —Dollar volume of retail trade for the last quarter of 1942 will run 6 per cent ahead of a year ago, with
EMPLOYMENT
October, 1942
Compared With September, 1942
Compared With October, 1941
1 To
85.605 SILI... 5,037 3,075
...65,964 .. $2,507,986
57,857 $1,785,346 Coton 5,428 2,835 1,769
+ 05 - 0.1 + 46 — 28.4 -— 17.0
disappointed. OPA officials here say the stories you hear about gasoline black markets in the east are very probably true—but ‘they are true of. the first three months of gasoline rationing
Employment (Manufacturing)... Payroll (Weekly) Sought Jobs (Persons).............5271 Obtained Jobs.......... wanes sises: 203 Filed Unemployment Claims.......465
Christmas trade dollar sales reaching a record high, but goods sold in the period will fall 4 per cent below a year earlier, department of commerce estimated today.
cattle, 5225 sheep and 515 calves.
‘eer enn
Sevres Cesta
_ HOGS (13,000)
pounds
120- 140 Shasta IEEE EEE EER N RN]
in the east, the experimental period. Leaks and loopholes that permitted such bootlegging are being plugged now.
In the Esst there was no check!
on the amount of gasoline a filling station had in its tank and there-| fore no real reason why an attendant had to check up on the ration coupons customers turned in.
Since then sev-
#8 eral changes have been made. OPA says it works this way: Within the first three days of rationing
about 90 per cent!
of the estimated
. Mr. Budrow 10,000 filling sta-
tions and jobbers in Indiana will be, checked on the amount of gasoline,
they have on hand. This will be done, with the help of wholesalers, trade association men and OPA] checkers. Then, in a few days, when the, oil company’s | tank wagon comes around to replenish the filling station's tank, the tank driver willl have to have rztion coupons for the amount of gasoline put into those tanks. The only way a filling station can have ¢nough is to be sure it gets coupons for every gallon of gasoline it sells its customers. ” 2 2 THE OPA KNOWS of several instances righ’ here in Indianapolis where filling stations have been closed but their underground tanks are full of gasoline. It is waiting until tae owners of these stations try to take out the gasoline to sell at other filling stations they own. Then OPA will clamp down, 8 & tJ GASOLINE ECADERS ought to look over their insurance policies: Hundreds of motorists in the past few weeks have, taken empty cans to the station to ke filled for a little “reserve. supply.’ If their homes should catch fir: and an insurance
company adjuster finds evidence of
—_
.
(
gasoline in the home, chances are the company wil, be unlikely to pay
out damages. ” L& »
WEAKEST § SPOT in the rationing, it seems to me, is the amount of. gasoline allotted the big con= cerns that do 1 lot of trucking. The office of difense transportation is suppose! to curtail their driving to a ininimum but in many cases it hasn’t had time to do that yet But the OD'T will eventually get around to al these cases and thus be able tc clamp down on any Si Jo. ODDS AND ENDS: NoblittSparks Industrizs of = Columbus,
MEXICAN BONDS T0 BE SETTLED
20 Cents on Dollar Is Basis For Agreement With Committee.
NEW YORK, Nov. 27 (U. P.).— |An offer to settle Mexico's de- | faulted foreign bond debt on the basis of about 20 cents on the dollar was announced here today by Thomas W. Lamont, vice chairman lof J. P. Morgan & Co., and chairman of the international committee of bankers on Mexico. Agreement on the debt settle- | ment was reached here recently in |conferences between Eduardo | Suarez, Mexican finance minister, and the This agreement now must be approved by the Mexican congress and the interested bondholders. Lamont said the settlement would clear the way for resumption of debt service on the issues in 1943 and provided for liquidation of all accumulated interest through pay-
on each $100 of unpaid interest.
sterling, dollar and French franc issues of approximately $235,000,000 face value, plus probably more than that in unpaid interest. Holders in the United States and Great Britain each own about 20 per cent of the bonds.
FORTUNE PRESENTS PROSPERITY "PLAN
NEW YORK, Nov. 27 (U. P).— Fortume magazine proposed today that the government “underwrite permanent prosperity” in the United States after the war by maintenance of ‘reasonably full employment.” This proposal was part of a three-point program of post-war economic practices set forth by the publication and which also recommended restoration of the free market and re-creation of an atmosphere “in whieh the enterprising individual can flourish.” «The full program provided for the establishment of a government policy ‘to underwrite permanent prosperity by: 1. Maintenance of reasonably full employment through operation of private industry at top capacity and using a flexible program of public works to take up slack. 2. Restoration of the free market by repeal of the Robinson-Pat-
Ind, had $221,8/2 profit. in July-, August- -Septembe’ ' quarter, against $326,598 a year go. . . . Shorter shirt tails and no' pleats may be the!
next style change in men’s cloth- . Sal-|
ing ordered by the WPB. vage officials say: that 5 per cent of the tin cans returned by housewives go to soitidrink and beer: bottle caps. can banana pli ntations will be! converted to growing hemp, which | has a better priority on shipping space. . Experts warn that rationing of all types of dairy prod- | ucts is inevitable.
DAILY PRICE INDEX
NEV YORK, Nov. 27 (U.P.).—
Dun & Bradstreet’s daily weighted price index of 30 >asic commodities, compiled for. Uniied Press (1930-32 average equals 100): Yesterday ......ldcuiceeiss 160.56. Week 880 ....c.iicrei.neseas 160.16
Month 280 .....iesces:eess. 159.98
4
Year ago prrrinvees 143.730 1942 high (Oct. 1)........... 16145 1942 low (Jan. 2) ........... 151.54
Fidelity ity cscs
TRUST | COMPANY : 123 EAST (JARKET STREET
CTE 14. ed i INSURANCE CORP
EE DEPOSIT
Central Ameri-| |
man and Miller-Tydings acts, re{moval of state trade barriers, and a revision of the patent system to | permit authorizing of voluntary federal incorporation, and 3. Re-creation of an atmosphere favorable to enterprising individuals by rehabilitation of marginal farmers, encouragement of labor unions to see their best interests as laying with creators of work and | wealth, by the establishment of equity banks to finance new busii ness and tax revision.
U. S. STATEMENT
WASHINGTON, Nov. 27 '(U. P.).—Government expenses and receipts for the current. fiscal year through Nov. 25, compared with a year 2go: Last Year
This Yea Expens. $27,693,523, 457. 39 $8,720,568,533.97 a h ,420, 6.21 © 6,186,579,540.45 fi 2,892,719,656.09 Net Def.
A © 5,774,045,477.88 | Cash Bal. 2,869,778,086.76 2,207,446,051.03 Wrk. Bal. 2,107,251,225.71 1,450,391,975.28 Pub. Dbt. 99,325,154,194.84
61,631,920,529.92 "Gold: Res. 22,742,335,748.44 22,780,707,509.75
INDIANAPOLIS CLEARING HOUSK Clearings $ 5,344,000 " 571 ,000
DR. WELLS REAPPOINTED The reappointment of Dr. Herman 3} ————— Wells, president of Indiana university, as a public interest director of the Federal Home Loan bank of Indianapolis for a four-year’ term, beginning Jan. 1, has been announced by James Twohy, governor { of the federal honfe loan bank ystems
417 CIRCLE TOWER
Crry Secures CorporATION
Investment Bankers
Ll ncoln 5535
<
YOU WANTED A MECHANIC! WHY, PLAN
AND NOTHING'S WRONG WITH YOUR | EXCEPT THAT JHE CHAIN HAS LOOSE! I CAN FIX THAT
INA JIFFY! a
SANTA'S VICTORY CHRISTMAS
BY GOLLY, JERRY, YOURE E A WIZARR! MY PLANES COME AS GOOD NEW!
140- 160 pounds pounds ... pounds pounds pounds .. pounds ..... pounds .... pounds .... pounds .
i iz 43G1330 . 13.45913.50
330
Medium— 160- 220 pounds
international committee. |
ments ranging from 10 cents to $1 $°%%
The settlement would cover 12°
“ings,
Packing Sows
Good to Cholce— 270- 300 pounds 300- 330 pounds 330- 360 pounds ...ceeee 360- 400 pounds ...eee Good— 400- 450 pounds .. 350. 500 pounds Medium— 250- 550 pounds Slaughter Pigs
Medium to Good— 90- 120 pounds
‘CATTLE (1100) Slaughter Cattle & Calves
. [email protected] . [email protected]
Choice—
900-1100 1100-1300 1300-1500
Good— 700- 900 900-1100 1100-1300 1300-1500 Medium— 700-1100 pounds .e.ceice 1190-1500 pounds ....
$15 Nas. 5 15.7 7.60
. 15. 15617 00
pounds . [email protected]
pounds ... pounds . 14.50@ 15.50 pounds ye ounds .. oon Pounds eres oo 14 5@18. 5 .. 12.20014.75 . [email protected]
G00-1100 pounds [email protected]
_» Heifers
Choice— . eanes . [email protected] 100 Bre [email protected]
800- 1000 20UNAdS ccoessvcrcnce 2 HEA [email protected] [email protected]
600- "800 pounds .. 800-1000 pounds Medinm— 500- 900 pounds Common —- 500- 900 pounds .....e.. area Cows (all weights)
esses sssae esccscsoscnes
esses
[email protected] [email protected] 7.75@ 10.00 6 00@ 17.75
Bulls (all weights) (Yearlings Excluded)
Beste [email protected]
[email protected] [email protected] [email protected]
ood Sausa
CALVES (515)
Vealers (all weights) Good and choice Common and medium [email protected] Cull (75 lbs. up) [email protected] Feeder & Stocker Cattle & Calves Steers
Choice: 500- 300 pounds 800-1050 pounds Good— 500- 800 pounds 800-1050 pounds Medium— 500- 900 pounds .. Common— 500- 900 pounds Good and Choice— 500 pounds down Medium—500 pounds down ' Calves (heifers) Good and Choice— 500 pounds down [email protected] Medium-— 500 pounds down [email protected] SHEEP AND LAMBS (5225)
Ewes (shorn) Good and choice Common and choice ...eeee.0s Lambs Good and choice Medium and good Common
[email protected] [email protected]
[email protected] csssccccne «« [email protected] « [email protected] [email protected]
$ 6.00@ 6.50 4.50@ 6.00
15.25@ 15.50 [email protected] [email protected] Yearling Wethers Good and choice Medium
CHICAGO LIVESTOCK
Hogs—12,000; fairly active all weights, butchers and sows steady to strong. Bulk good to choice 200-300-1b. butchers, and 300-500-1b. sows, $13.40@ 13.55; top, $13.60; few 160-190-1b. butchers, [email protected]. Cattle—5000. Calves—800; fed steers and yearlings fully steady. Sizable supply choice offerings weeded off Chicago market fat stock show, [email protected]; some held around $18; most commercial [email protected]; a few loads, $15.50 @15.75; heifers very scarce, most. commercials, $11.50@ 14; strictly choice show offerings, $16.65; cows firm with good grades, [email protected]; these Montana grassers with weight; cutters beef cow type, $9.25; most canners, $6.50@ 8; bulls firm with heavy sausage offerings, [email protected]; odd heads, $12.75; vealers unchanged at [email protected]; stock cattle steady; good and choice yearlings and calves, [email protected], and $14 to $15 respectively. Sheep—7000; market slow; fat lambs opening strong to 10 cents higher; four loads good to choice fed western, $15.40;
[email protected] [email protected]
best held about $15.50: fat ewes strong to| £
15 cents or more higher; around four
doubles good grade, $7.25.
OTHER LIVESTOCK
FT. WAYNE, Ind, Nov. 27 (U, P.).— Hogs: Steady, 160- 200 ibs. ., $13.45; 200-240 Ibs., $13.35; 240-300 lbs., $13.25; 300-400 lbs. $13.15; 150-160 Ibs., $13.15: 140-150 lbs., $12.90; 130-140 1bs., $12.65; 100-130
1bs., 812.40. Roughs, $13; $11.25: male hogs, $9.50 down; $16; lambs, $14.75;
ewes, $6 down.
YES, NO BANANAS,
stags, calves,
0. K. WITH MONKEYS
NEW ORLEANS (U. P.).—Even the monkeys at the Audubon park 200 are making their contribution to the total war effort. Instead of bananas, they are eating sweet potatoes. George Douglass, park superintendent, said boiled sweet ’taters were offered to meet the “Yes, we have no bananas” situation, and. the monkeys responded to them as though they were caviar. It's two yams a day for each monkey now.
ALGEBRA BECOMING A POPULAR SUBJECT
EUGENE, Ore. (U. P.).—University of Oregon mathematic heads are faced with the largest enrollment in elements of algebra’ for many a year. The need for technical knowledge for wartime jobs and in officers’ training is believed
to account for the great rise.
seesene eeees [email protected]
common | E
The reappointment of Dr. Herman B Wells, president of Indiana university, as a public interest director of the federal home loan bank of Indianapolis for a four-year term beginning Jan 1, has been announced by James Twohy, governor of the federal home loan bank system.
GRAIN FUTURES UP AT CHICAGO
Rye Leading Advance With Gain of 1 Cent or More On Bushel.
CHICAGO, Nov. 27 (U. P). — Grain futures advanced on the board of trade today led by rye with gains of more than l-cent a bushel over the pre-holiday close. In early trade wheat was up % to 3 cent a bushel, corn up % to 3, oats up 3% to % and rye up 1 to 1% cents. Soybeans were inactive. Little interest was shown in the wheat market at the opening. Prices firmed due to small mill buying and demand by one of the larger local brokers. ’
N. Y. Stocks
Net Low Last Change 5-16
Allegh Corp .... Allied Chem .... Allis-Chal Am Can Am Can pf .... Am Rad & S S. Am Ro. Mill... Am T & T Am Tob B ...., Am Water W .. Anaconda Armour Ill Atchison Atl Refining ... Balt & Ohio... Beth Steel Borden Borg-Warner ... Bdgpt Brass ... Chrysler Comwlith & So.. Cons Edison ..
ivi
Corn Prod Curtiss-Wr ... Douglas Airc Dow Chem . Du Pont East Kodak ... Gen Electric .. Gen Foods Gen Motors Goodrich Goodyear Hecker Prod . Indpls PwW&LL. Int Harvester. Int ‘Nickel .... 3 Int T&T Johns-Man . Kennecott Kresge 8 8 .. Kreger G & B. L-O-F Glass ... Link Belt 35 Monsanto Mont Ward .... Nash-Kelv .... Nat Biscuit .... Nat Cash Reg .
FREI :
ER
+14: +4:
sht ]
O Owens Ill Glass Packard Pan Am Airwys Paramt Pict ...
I+: 111:
+4:
R Republic Sears Roebuck. Servel Inc ... Socony-Vac
Db
eo 4+
Studebaker .... Swift & Co ...
Utd Aircraft . Un Gas Imp .. S Rubber .. 8 Steel .... U 8S Steel pf .. Warner Bros . West. Air Bke . 1 Westing El .... White Mot .... Woolworth .... Yellow Tr Young Sheet ..
467s 111% 6a 14,
6 13%; 29 12% 29%
Debt [Ah
2914,
Complete New York stock quotations are carried daily in the final edition of The Times.
‘BUY WAR BONDS FOR
SOLDIER-FATHERS
f REYKJAVIK, Iceland (U. P)— It’s war bonds for war babies at this base. When a soldier becomes a father, his buddies chip in to buy a bond for the new arrival.
Incorporations—
Tipton County Farm Bureau Co-opera-ive Assn., Inc., Tipton; amendment increasing authorized capital stock from $60,000 to $75,000. Spink Arms ‘Hotel Corp.: agent, Bernard Cunniff, 410 N. Meridian st.; 13,896 shares of $1 par value; Bemard Cunniff, Geo. C Forrey Jr., Jacob 8S, White. Missouri & tT Trucking Co., 1000
319 W. Maryland st., E. Becker, C. Bylenga Jr., 8. E. Truckle. Bowman Dairy Co., Tinos corporation; change of resident agen Trade-mark. “Sparkle” by ni Kello
Indianapolis; L.
d-b-a Kello Chemical Co.
Chapter 5—All Aboard for Wonder Where
AND NOW, TO SHOW APPRECIATION, ~ BOTH OF
+ —By Hal Cochran
shortages are expected in silk or nylon products.
among metal products,
2! ment compensation claimants re-
's, | cording to William C. Kelley, Indi-
. « | employment compensation activity
, | weekly average of 4755 persons. 2 | Man-weeks of total or partial un2| employment for which claimants
1, dropped to 20,277 for October, com-
i tion’s warships are now cleaned
+ | unit of National Associa
shares of $1 par value; agent, F. C. Gigax, ]
The outlook for 1943, the department added, is for sharply reduced sales in most lines. “ Normally, it was pointed out, Christmas trade starts in late November, but this October sales rose sharply from last year to a new high for any month on record, except for December, 1941. Therefore, the department expects that November and December sales will show much less gain over the corresponding 1941 periods.
Christmas Supplies Ample
Supplies of goods for Christmas buying are ample in most lines, but stocks in durables are spotty. In apparel, style limitations have curtailed slightly the variety of available merchandise, but no severe
particularly shortages may seriously limit sales, with refrigerators especially scarce. Other appliances, including radios, are available but in limited quantity. Jewelry is relatively plentiful, although shortages of metal and rubber products are expected to hit many miscellaneous articles. The value of inventories of a selected group of retail stores at the end of September were substantially above a year earlier, the department said. This group included department stores, with inventories up 35 per cent; variety stores up 8 per cent: drug stores, up 21 per cent; men’s wear chains, up 44 per cent, and shoe chains, up 44 per cent.
LOCAL U..G. CLAIMS DOWN FOR OCTOBER
Marion county eligible employ-
In durable goods,
ceived $40,811.50 during October, ac-
anapolis area claims manager of the Indiana employment security division. <rhe figure for September was $53,768 and for October, 1941, $63,573. The downward trend in un-
es | throughout the state continued in October. Claims were paid to a
were eligible to receive benefits
pared with 26,111 in September and 45,362 in October, 1941.
Nylon Bristles Clean Naval Guns
WILMINGTON, Del, Nov. 27 (U. P.).—Guns fited on the na-
with the same nylon bristles used in hairbrushes and toothbrushes, according to E. I. du Pont De Nemours & Co. “Everything from the threeinch guns on a submarine chaser or gunboat to the monster 16inch guns on the newest battleships,” the company said, ‘“are cleaned with nylon bristles, which wear many times as long as natural bristles formerly imported from the Far East. Dipped in kerosene or other light oils, the nylon brushes swab out the bores of deck guns after a battle or target practice. Any heavy fouling in the gun is first removed with a stiff wire! brush,
LOCAL ISSUES Nominal quotations Jutnisned Fl
oa Asked
ceseness 18... sscssss 20 .
Dealers.
Agents Fin Corp com. Agents Fin Corp pfd
Serv 6% »id.. Indpls P&L 3li% pid Indpls P&L co Indpls Rlwys Inc, com... Indpls Water 9% pfd Indpls Water Class A com. Lincoln: Loan Co 5% pfd .... Lincoln Nat Life Ins com ... *N Ind Pub Serv 5%9% pfd.. ”"N Ind Pub Serv 6% pfd *N Ind Pub Serv 1% Jie | Progress Laundry "Pu
Bonds Algers Wins'w W RR 4%9%.. American Loan bs 51 Ameritan Loan "yy en ewspaper 4%s 42-51 . Ch of Com P Bid
LOCAL PRODUCE
avy breed hens, full-feather 10c; Le, heth oo 16c. ee, 1ie Ibs. and Hg colored, 20c; DA Re white rock, 2 cocks, foe. Roasters, 4 Ibs. and oo colored, 30c white Fock 21¢; haried rocks, 2lc. All N poling. > cents less. t receipts 54 Ibs. and up,
Graded rade la 89¢;: grade A, nediom, Tc; dea mall, ise: no
grade, 2 —No, 048%e; a uce apolis quoted by Wadley Co.
the “ions” N the Chicago market
| aaraicis.
¥ to the hi ro ah
Inbound Freight (Carloads) Outbound Freight Streetcar Passengers ........co0.. Airplane Passengers......,.......
Houses (Permit Values) ..... seven Apartments Cersnssaviiil Business Industrial Public .. Repairs
Bank Bank Debits
Hogs (Head) Cattle Calves Sheep Corn Wheat Oats Rye Soybeans ...
Retail Trade (147 stores)........... Telephones in Use.. Postoffice
Gas Consumption (by Cubic Feet) .. Water Pumpage (by Gallons) Imports .....
560 .. '
TRANSPORTATION
17,219 11,770 8,041,049 3,388
18,790 .12,929 .8,844,101 .3,167
est arses
BUILDING
$313,800 $290,400
$4,000 .. $115,400
$0600 0tesrsncsstnne sett esees tas
Sef sett estnessnrenran
$22,328 $38,548
FINANCE
Clearings........... $131,707.000 ssrasrenvevssess: $366,530,000
$119,163,000 $325,852,000
MARKETING
vee. 237,074 ve. 32,323 .11,476 .45,423 .2,383,500 .. 651,000 «244,000 9,000 .76,500
222,271
2,256,000 304,000 350,009 25,500 16,500
(Bushels) ..... ;
MISCELLANEOUS
$2,521,158 .. 120,114 $477,135 76,202,000 492,387,000 1,216,760,000 ... $363,359
118,601 $441,318
7,000 ... 468/120,000 . 114,500,000
$363,223 ,...
servers -T 8.1 + 03 . + 821
cesnaee = 42.1
oq + oi +
vo
$748,750 0 $125,400 $45,050 0 » $106,549
env eres
Corset a= 96.8
— 100 %
.
$118,951,000 $218,932,000 ...
214,735 21,093 12,299 48,915 . 1,671,000 167,000 368,000 18000 ....ec0000 363,000 ....0000000
sss taccen ssestorean testes ssnitoen testes ess rine tse tane
109,441 $422,288 ....iv000 617,794,000 .. 412,245,000 1,184,000,000 ..... $420,494 [EEN EEE NR
1.3 ‘8.1 34 5.2 4.6 0.0
ese ese
sateen
Sources of above information: Indiana Employment Security Divisions New York Central, Pennsylvania, Baltimore *
Ohio, Monon, Illinois Central and Nickel Plate Railroads: ing Commissioner; Indianapolis. Clearing House Association; Dun & Bradstreet;
Indianapolis Railways: Indianapolis Municipal Airport: City Builds Agriculture Marketing Service; Indianapolis
Board of Trade; U. S. Commerce Department; Indiana Bell Telephone Co.; Indianapolis Postoffice; Center Township Trusteeg Indianapolis Power & Light Co.: Citizens Gas & Coke Untility; Indianapolis Water Co.: U. 8. Customs Office; Indianapolis
Chamber of Commerce.
&
“SUEZ TO SINGAPORE”
"Torpedo-carrying bombers, in a huge sweep, are circling lower. Now they are like moths around our flaming guns.”
From the deck of the British destroyer “Electra,” which had dragged him te safety from a life raft, Cecil Brown took this picture of the rescus later of other survivors of the sinking of the “Repulse” off the Malayan coast.
CECIL BROWN'S story J
or RM
SRE 2 WN den
of the sinking of the "Rapulse™ and the a, Wale:
_ China Sea off Malaya. His accou accurate and telling deteil,
realism. It forms a great, but published b book, which from
ackiowie
+1568