Indianapolis Times, Indianapolis, Marion County, 1 December 1942 — Page 10
Cleveland OPA Office Given Authority to Act on
Price Change.
By DANIEL M. KIDNEY Times Staft Writer
WASHINGTON, Dec. 1.—Full authority . to make whatever ‘adJustments in Indiana milk price ceilings deemed necessary has been ~ given to the regional office at Cleveland, OPA officials announced to“Puncturing” the ceiling prices in gome 22 small town areas in Indiana was recommended here last week by a delegation from the state, which included members of the Indiana Milk Control board. ‘A second recommendation was a subsidy to dairy farmers and this now is under consideration by the ' agriculture department. The sub_gidy plan has been put into effect in the New York and Duluth-Su-perior production areas ‘‘on an experimental basis” department officials said. The money is provided from Com- ~ modity Crédit Corporation funds and handled by the Agricultural Marketing Administration Service of the Sepalimgy:. : On the basis of experience in these areas some subsidy plan may later be set up for Indiana, officials gaid. They declined to say when, however. For several years Rep. William T. Schulte (D. Ind.). who operates a dairy farm in Lake county and was defeated in the primary election, has been trying to get midwest milk into the Washington market.
Indiana Face: Shortage
Last week the bars finally were let down and Mr. Schulte tri- . umphed. But he admits that no Indiana milk could be had in Washington now because the state is facing a shortage rather than a surplus. ; “I -still think the idea of free trade among the states in milk and all other products is a good one,” the Lake county congressman - mented. Plight of the dairy farmer in Indiana, particularly the shortage of help on the farms, was called to the attention of the house by Rep. Raymond 8. Springer (R. Ind). “Dairies have suffered immeasurably because it is a!most impossible to successfully operate them with unskilled labor,” M . Springer said. Recognizing the dire need for help in milk proci ction, Secretary of Agriculture Clade R. Wickard today told of a plan now in effect on. an experimental basis and financed by his department. “We are co-operating with the U. S. employment service to recruit and place workers on dairy farms,” Mr. Wickard said. “As one part of this recruiting plan, we have launched an experimental program (0 aid farmers from submarginal farms in the poorer farming regi ns to move into the better farmiig regions. Of course, the plan i: voluntary—just for those who warn’ to move.
Leave Submar inal Farms
“As a starter in this program, 60 farmers last week left their homes on submarginal farms in Kentucky. After brief trainin: at the agricultural college in Ohio, they will move on as year-round workers on dairy farms. . =. “We have ‘a somewhat similar project lined up f r, Wisconsin. We are feeling our vay on this program; it’s definitcly experimental. But, if it succeer's, I think there ‘are a good many thousands other men on- submarginal farms who would like to follow suit. . Tied up with ths labor problem is the problem of saving good dairy cows from slaughter. We are working on a plan to buy up any good cows that may be thrown on the market, and distribute them to farms that can handle more cows. Those are just » few of the things we are doing te help keep up and increase milk production.” - A Wickard recommendation for {increasing milk production is to milk the cows (proviced they are well fed) three times a day instead of just twice. He admits that this involves greater labor, but says some progress now is being made in keep- ' ing skilled help on dairy farms rather than dra ting them for the armed services. The 5 per cen’ increased acreage in the commercial corn area announced by the department today, includes upping ‘he Indiana acreage 175,812 acres. This will make the 1943 allotment for the state 3,725,921 acres as compared with 3,550,000 for 1942.
WAGON WHEAT
Up to the clos2 of the Chicago market today, Indianapoli- flour mills and grain elevators paid $1.03 per bushel for No. 2 red wheat (other irades on their merits. No. 2 white oats, “fc, and No. 2 red oats,
46c; No. 3 yellow rorn, 76c per bushel and
No. 3 white corm, 98c. i AAMAS S——
common = ; | « THEFT + FIRE suRCLARY + TREE a
wind, flooc, V1 many addi
RAIN| DEALER
t
MUTUALE
n 1
1s EAN
F MILK CEILING
| war information on:the Dec. 7 an- ¥ | niversary. :
{| he was asked. | still certain facts the Japanese :| would like to know, and the navy {| them—yet.
i {was no doubt in his mind that the # | French fleet had been scuttled at
: | detruction but that if it were not 2 btrue “certainly the fact would have 5 | come out by now.”
3 | price index of 30 basic commodities,
other vitally needed armament.
MEXICO ASKED FOR MINE LABOR
3000 Workers Will Enter U. S. to Help in Copper
Production.
WASHINGTON, Dec. 1 (U. P.).— The state department has formally asked the Mexican government to allow 3000 trained Mexican miners to come to this country to relieve labor shortages threatening United States production of copper and other nonferrous metals, Chairman Paul V. McNutt of the war manpower commission said today. He told a press conference the request was made on the recommendation of the WMG, and predicted that more Mexican workers would be requested ‘as soon as they can be absorbed.” He said 10,000 might be needed eventually, and added that he believed such a number could be imported without harming Mexican production. .A proposal to import Bahaman and Puerto Rican workers to relieve farm labor shortages in Florida and other southeastern states also is be-
in this instance, he ‘added. He described as “obvious” reports that civilian and military interests are struggling: for control of the manpower program, and reiterated his previous assertion that it should be lodged in. a civilian agency. Deputy WMC Director Fowler V Harper, who attended the conference, described to reporters an interim manning table plan designed to establish immediate controls over drafting of war production workers to prevent disruption of output. The interim plan will be used until such time as plants can preface and have approved detailed manning tables designating which men can be spared, Harper said. It
selective service.
HERMAN HAASE DIES OF LONG ILLNESS
Herman Haase, for 35 years a resident of Indianapolis, died today at his home, 520 E. 24th st., after a long illness. He was 67. Mr. Haase, a native of Russia, was a furrier in the Occidental building and was a member of the Indianapolis Hebrew Congregation and B'nai B'rith. He was a Mason. Survivors are the wife, Mrs. Betty Haase; sons, Pvt. Edward Haase, Camp Livingston, La.; Pvt. Sidney Haase, Westover field, Mass. and Pvt. David Haase, Madison, Wis.; a daughter, Mrs. Meyer S. Efroymson of Indianapolis, and a sister, Mrs. Fanny Breen, New York city. Funeral services will be Thursday morning*at 10:30 o'clock at the Aaron-Ruben funeral home. Burial will be in ‘the Indianapolis Hebrew cemetery. !
KNOX PLEDGES FULL PEARL HARBOR NEWS
WASHINGTON, Dec. 1 (U. P.).— Navy Secretary Frapk Knox said today that the “full story” of the Japanese attack on Pearl Harbor will be released by the office of
“Will it be a complete disclosure?”
“No,” he replied. He explained that there were
is not going to tell the enemy about Mr. Knox indicated today there
Toulon. . Knox told reporter that he had no further new on the French fleet
DAILY PRICE INDEX NEW YORK, Dec. 1 (U. P.).— Dun & Bradstreet’s daily weighted
compiled for United Press (1930-32 average equals 100), Yesterday ..... WERK AO ..vssoinssvsssressn 160.08 Month 880 ......ee000:000. Holiday
from those made of lead and aluminum. The used to be cast into ingots and are then shipped to war plants.
ing studied, McNutt said. Trans-|p’ portation is the principal bottleneck M
was worked out in co-operation with v
Women workers at the Hillsdale, N. J., plant of the Tin Salvage Institute work at sorting some of the hundreds of thousands of tollapsible toothpaste and shaving cream tubes that will go into warplanes and As man in rear shovels tubes down to workers they separate tin tubes tubes are sent to the plant, sorted and melted down
N. Y. Stocks
Complete New York stock quotations are carried daily in the final edition of The Times.
High Low ..136%2 136% 3 23'2 70% 6's 10 129% 42% 3% 25's 3
43 18'2 32% 5314
Net, Last Change 13632 + Y2 231; 0% 6Y 10
Allied Chem Allis-Chal
Am Roll Mill . Am T & T ... Am Tob B .... Am Water W . Anaconda Armour Ill .... Atchison Atl Refining .. Bendix Avn ... Beth Steel .... Borden Borg-Warner .. Ches & Ohio pf Chrysler Comw & So ... Cons Edison .. Cons Oil Curtiss-Wr ... Douglas Airc .. Dow Chem .... Du Pont 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 John-Man Kennecott
{24 ++]
P|
tr] DE 4
34]
|
SHELF
Nat Dairy 1 N Y Central... i 8
Ohio Oil Owens Ill Glass Packard ...a.. Pan-Am Airwbs Paramnt Pict.. Parke-Davis
Penney Penn D Cem..
SAEs
Penn RR Phillips Pet.... Procter & G..
Sears Roebuck Socony-Vacuum South Pac ... Std Oil Ind ... Std Oil N J .. Stew-War Studebaker .... Swi & Co ..
Warner Bros .. West Union .. West Air Bke.. Westing El .... 76 White Rock ... Woolworth .... Yellow Tr Young Shet . Zenith Rad oe
U. S. DEBT TOUCHES 100 BILLION DOLLARS
WASHINGTON, Dec. 1 (U. P.).— The United States today is just about $100,000,000,000 in the red. Stack it up or lay it on the line, that's a lot of money. It's 10 per cent.of a trillion dollars ($1,000,000,000,000) and equals a debt of $743.82 for each man, woman and child. Stacked like poker chips, 100,000,000,000 silver dollars would make a pile 182,109 miles high and would reach over three-quarters of the way to the moon. - Laid edge-to-edge, they'd make a silver ribbon 2,267,424 miles long—long enough to wrap around the earth 941, times.
Takes New Post
: 16, + 16%
-
F. A. Dawson of Indianapolis has been appointed superintendent of the Cincinnati terminal di-
.railroad. Mr. Dawson has been superintendent of freight transportation here for the Big Four district since 1937. He has been very active in civic and Masonic affairs and is president of the Indianapolis Masonic. Temple as sociation. J. E. Miller of Indian-
py YOAr AZO ...ocvvaabrernesest 44 a5 a
J SU - ( 3 it tr
sifrom the tax calendar.” s| the tax loss to the treasury thus
vision of the New: York Central. | Morris
%
PAY-RS-YOU-G0 PLAN DEFENDED
Sponsor of Tax Collection Method Says Chances for Adoption Are ‘Good.’
PHILADELPHIA, Dec. 1 (U.P.).—
’s| prospects that the treasury will] Good
adopt the Ruml pay-as-you-go tax
Speaking at a t&X-discussion
1: forum of the American Academy of «| Political and Social Science here
last night, Rumi asserted that “the
| treasury is saying that as a prac-
tical matter, the full benefits of the
"| pay-as-you-go plan cannot be given 7 to taxpayers in the higher brackets. . |I feel that the treasury misjudges », | the political tides because it is too : close to the waves.”
Dr. Roswell Magill, Columbia uni-
s| versity law professor, told the meeti: [ing that “a serious break-down in
the present system of income tax collections is threatened” unless a
‘y,| Withholding tax is instituted “immediately. a| voluntary returns and payments,” ; he added, “cannot be expected to ’ work satisfactorily.”
“The present plan of
Ruml said that the present tax,
‘1, payable on the previous year’s in8 come, “becomes an intolerable hard-
ship” for those whose earnings are curtailed by wartime dislocations, and that “for the hundreds of thousands already injured, millions of us are in danger.” Ruml’s plan, as proposed to the senate finance committee last July, would put taxes on a current basis by “eliminating either 1941 or 1942 He said
would be spread over the life-time of the taxpayer and offered three
=| suggestions for redusing the numa ber .of those benefiting through un- | usually “skipped” years.
‘ BLAME PAVING CO.
large incomes in the
BLAZE ON GASOLINE
Too much gasoline was believed to have caused a fire at the Indiana
Asphalt Paving Co. 2810 Columbia ave., early this morning, resulting in an estimated damage of $5000. Firemen said the fire evidently
man started to fire the boilers in the building by dampening a piece of waste with gasoline which he thought was coal oil. For about two hours firemen fought the flames, which ate their way from the first floor through to the roof of the two-story frame building. Three or four motors on the firgt floor were damaged. Georfe A. . Brillhart, vice president, said the company would be back in operation tomorrow. *
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities Dealers. Bid Asked
Agents Pin Corp COMB i aveonas T% ee Agents Fin Corp pid eee
98 com 12% Ft Wayne 7% pid 51 Ind Asso Tel 5% pf 95 Ind & Mich 7% pfd Ind Hydro Elec 7% pfd .... 34 ind Gen Serv 6% oid Indpls P&L 5% pfd......ee... 8 Indpls P&L com .
»N Ind Pub Serv 6% pfd..... »N Ind Pub Serv 7% pid..... Progress Laundry com .... 1 #Pub Serv of Ind 5% pid.... *Pub Serv of Ind com 11 So Ind G&L 4.8 pfd . United Tel Co 5% ... van Camp Milk pid Van Champ Milk com
Bonds RR 4%%.. 51
cesses
Algers Wins'w W Aer ican Loan bs 46 merican Loan Cent Newspapes 4%s 42-51 ..
Ch of Com Co 4%s 51... 75 Citizens Ind Tel 4%s 61 ....103°
0! ylor Home T&T Ft Wayne Ind Assoc Tel Co 3%s Indpls P&L 3%s 70 ...... Wxars Indpls Railway Co 5s 67 Indpls Water Co 3%s 68 Kokomo Water Works 6s 58.. Kuhner Racking Co 4%s 49.. 98 5&10 Stores 5s xe 98 Works 5s 65.104% 3%as ®....101%
6s 43...103 90..105 ae 106% 107% 81 108% 101 101
ib sve wo
I’ Muncie Water
Pub Tel 46s 55 Richmond Water Wks Ss 57.148 Trac Term Corp 5s 57 sEx-dividend.
. CONTINUE BURMA RAIDS NEW DELHI, Dec. 1 8]. P.).—The RAR ISpotied om continued at-
£
"HE INDIANAPOLIS TIMES
plan are “distinctly good,” accord- Ge : ing’ to Dr. Beardsley Ruml, spon13 | sor of the plan.
was started -by an expiosion when a|
HOGS LOWER: 14,000 ARRIVE
Early Bidding Was 10 Cents ‘Down on 160 to ~ 400- Pounders.
The Indianapolis hog market was undeveloped early, bidding 10 cents down on 160 to 400-pounders. Vealers were steady, with a top of $16. : Receipts were 14,000 hogs, 625 calves, 3300 sheep and 2200 qattle.
HOGS (14,000)
pounds . pounds pounds .... pounds .... pounds pounds .... pounds pounds .. pounds
[email protected] [email protected]
160- 220 pounds [email protected]
Packing Sows Good to Choice— 270- 300 pounds
[email protected] 300- 330 pounds 1
[email protected] [email protected] esses ernee.s [email protected]
[email protected] [email protected]
Good— 400- 450 pounds 450- 500 pounds Medium— 250- 550 pounds Slaughter Pigs
Medium to Good 80- 120 pounds
CATTLE (2200)
Slaughter Cattle & Calves Steers
Choice— 700- 900 900-1100 1100-1200 1300-1500
$15.50@ 16.50 15.50@ 15.75 veee [email protected] vessesees [email protected]
pounds pounds pounds ... pounds
[email protected] . [email protected] 14.50@ 15.50 cesssrnnnanse [email protected]
Good— 700- 900 900-1100 1100-1300 1300-1500 Medium— 700-1100 pounds 1100-1300 pounds
pounds pounds ... pounds pounds
evens [email protected] [email protected]
Common— 700-1100 pounds ........ wees 11,00912.25 Heifers Cholce— 600- 300 pounds 800-1000 pounds Good600- 800 pounds ...sssseecene 800-1000 pounds .sessisveecce
Mediim-— 500- 900 pounds ..cecceececes 11 [email protected] [email protected]
[email protected] [email protected]
Common — 500- 900 pounds Cows (all weights)
dium
© Cutter and common
Bulls (all weights) (Yearlings Excluded)
foe 5S vee [email protected]
Sausage—
Medium Cutter and common
CALVES (625)
Yealers (all weights)
Good and choice Common and medium 1 Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves
Choice— 500- 800 pounds 800-1050 pounds .. Good— 500- 800 pounds 800-1050 pounds Medium— 500- 900 pounds Common— 500- 960 pounds Good and Choice—
down Calves (heifers) Good and Choice— 500 pounds down Medium — 500 pounds down
SHEEP AND LAMBS (3300)
Ewes (shorn) Good and choice Common and choice Lambs Good and choice Medium and good Common
Medium— 500 pounds
. 15.25@15. 14.00@15.
Yearling Wethers Good and choice Medium
CHICAGO LIVESTOCK
CHICAGO, Dec. 1 (U. P.).—Hogs—21,000; opening mostly slealy; with. undertone weak; choice 200-300 1lbs., [email protected]; top, $13.60 on weights above 250 1bs.; sows, 360 lbs. down, $13.60 and under; bids on 400-550 lbs. sows, [email protected]. Cattle—8500; calves, 1000; fed steers and yearlings very slow; bulk, $13.50@16; top commercially fed steers, $16.50 on early rounds; a few loads held around $17; heifers weak to 25 cents lower; bulk, $12/[email protected]; cows steady to weak; bulk beef offerings, $9.50@11; cutters, $8@9; bulls firm, weighty sausage offerings up to $12.85; vealers unchanged at [email protected]; stock cattle steady, 1.50@14; grades active at $12 down. Sheep—17000; lamb ‘market slow account of higher asking prices; few early sales about steady at $15.50 for good to choice wooled lambs, $15.25 for clipped lambs, No. 1 pelts, asking upward to $15.75 for most good to choice lots; fat yearlings strong to 25 cents higher; several decks good to choice [email protected]; medium to good grade, $12.25@13.
OTHER LIVESTOCK
FT. WAYNE, Ind., Dec. 1 (U. P.).—Hogs: 1bs. .40; 200-240 1bs., i 300-400 Ibs. 15; 140-150 1bs., $12.65; 100-130 1bs.,
medium
‘10; 150-160 1Ibs., $12.00; 130-140 Ibs.
12.40. Sp $13; stags, $11.25; male hogs,
$0.50 down; calves, $16; lambs, $15; ewes, $6. down.
SALE OF WAR BONDS DOWN IN NOVEMBER
NEW YORK, Dec. 1 (U.P)— Sales of war savings bonds for the nation as a whole in November amounted to $700,000,000, a drop of $114,000,000 from October and $100,000, below the quota established for the month, the Federal Reserve Bank of New York estimated today in its monthly review. The New York Federal Reserve district accounted for $110,000,000 oi the November volume, compared with $125,000,000 in the preceding month. A falling-off in sales in the series E. war savings bonds, except for those made under the payroll savings plan caused the decline, the bank said.
EXPECT SELECTION OF JUSTICE SOON
WASHINGTON, Dec. 1 (U. P).— Informed congressional sources predicted today that President Roosevelt would act soon to fill the supreme court vacancy created by the resignation of James F. Brynes to become director of economic stabilization. :
pick a: Westerner for the post was strengthened by his recent assurance to Rep. Clarence F. Lea (D. Cal) that he was concerned about the lack of Western representation in important government positions:
of New Mexico, Federal Judges J. F. T. O'Connor of California, Sherman Minton of Indiana and Wiley Rutledge of Iowa, and lame-duck Senators Prentiss ‘M. Brown of an and’ George W. Norris of
* rl
750 rye up % to 1 cent and soybeans
Good (all weights)...es.es.. [email protected] [email protected]
[email protected] . [email protected]
eevssesneese [email protected] ee) vee [email protected]
eesesnaesees [email protected] [email protected]
500 pounds dOWN ..e.seesses. [email protected] [email protected]
cesssas eens [email protected]
$ 6.00@ 6.50 4.50@ 6.00
50 00 [email protected]
[email protected] [email protected]
later trade dull bulk good and
most
Belief that the president would|* Ba
‘Bolicitor General Charles Fahy,
Bank Debits Postoffice Receipts .........o00000. Building Permits ......:. Serene
Apartments Business Industrial Public Repairs and Alterations Applied for Jobs ........... irene Received Jobs ....... Qe re irneene Filed Unemployment Claims....... Freight Carloadings: Inbound Outbound Electricity Output (kwh.) . Water Pumpage (gallons) Streetcar Passengers (Nov. 21) ... Telephones in Use (Nov. 26) Livestock Receipts (head) Cattle
apolis Power & Light Co.
266,060,000
Week Last Week Before A Year Ago
Last Week
Bank Clearings ......ésc000000....522,878,000 $28,249,000 $25,119,000 ciiesserensessessseis. $63,104,000 $87,004,000 $67,534,000
$89,327 $50,940 $40,000 - 0 $850 0 0 $10,090 1,071 341 84
$113,037 $87,849 $69,600 0 0 $8,700 0 ¢ 89,549 1,382 762 116
$101,733 $184,340 $98,200 0 $14,000 $12,500 $50,000 $9,640 1,024 650 3 623 3,105 2.230 17,689,000
4,045 2,760 18,232,000 273,740,000 1,999,090 +107 83,308 6,835 2,155 63,578 10,140 709,000 518,000 153,000 36,000 0 2,000
4,531 2.811 15,460,000 261,660,000 1,357,661 +221 91,344 8,403 3,249 65,838 13,854 821,000 636,000 41,000 60,000 0 84,000
1,985,496
515,000 467,000 84,000 22,000 0
Indianapolis Business Summary
1042 % Chge. Thus Far "48 vs.'d1 $1,327,823,000 + 14.1 $3,563,620,000 ot 19.0 $4,628,002 4 55 $6,621,467 — 39.6 $3,848,280 — 42.2 0 ~100.0 $246,191 — 81.9 $1,978,140 + 85 $16,300 — 97.8 $948,178 ~— 3.6 59,831 + 17.1 29,601 - 38 15562 + 4.4
1941 Thus Far $1,164,064,000 $2,995,362,000 $4,385,350 $10,955,173 $6,655,745 $2,837,125 $1,355,010 $1,822,350 $684,000 $983,448 51,104 30,157 14,911
- 45 5.1 + 12.0 + 5.1 + 324 + 93 + 33 + 245 + 2.1 + 25 + 51 - 41 + 05 + 19.6
191,609 120,487 749,568,000 1,295,912,000 83,284,589 120,259 2,804,353 310,125 141,590 2,092,232 324,196 31,141,000 21,975,000 7,603,000 4,652,000 — 9.5 330,000 + 33.6 574,000 — 48.2
200,724 126,967 670,100,000 1,226,379,000 62,908,660 110,059 2,172,662 249,020 137,891 2,040,667 308,604 32,472,000 21,866,000 4,234,000 5,142,000 247,000 1,108,000
Sources of above figures: Indianapolis Clearing House association, Indianapolis postoffice, city building commissioner, Indianapolis office of the U. S. Employment service, Pennsyvania railroad, New York Central railroad, Baltimore & Ohio, Illinois Central, Chicago, Indianapolis & Louisville (Monon); New York, Chicago & St. Louis (Nickel Plate); Indianapolis Water Co., Indianapolis Railways, Bell Telephone Co.; Agriculture marketing service, Indianapolis Board of Trade, Indian-
GRAIN FUTURES UP ON CHICAGO MARKET
CHICAGO, Dec. 1 (U. P).— | Grain and soybean futures advanced on the Board of Trade to-
day, with rye establishing gains as| high as 1 cent a bushel. Wheat was up %4 to 12 cent a bushel in initial dealings, corn up 3% to 5%, oats unchanged to up %,
unchanged to up %. Cash interests bought December wheat against sales of May at 4% to 47% cents a bushel difference and May wheat was in demand by commission houses. Houses with cash connections entered the corn market to buy of scattered and light offerings. Rye firmed under commission house buying and short covering. Elevator interests bought December against sales of May at 6's cents difference. Interest in the oats market centered on switching from December to May at 3% cents difference,
BUSINESS AT A GLANCE
By UNITED PRESS
Anaconda Wire & Cable Co. 9 months ended Sept. 30 net income $1,448,540 equal to $3.43 a share vs. $2,146,580 or $5.09 a share year ago. ‘Chicago Grain Corp. year to June 30 net profit $11,113 vs. $23,492 in the previous year; sales $5,597,763 vs. $4,371,451. Dennison Mfg. Co. 9 months ended Sept. 30 net income $1,530,000. Harvard Brewing Co. year to Sept. 30 net profit $170,498 ‘equal to 27 cents a common share vs. $195,202 or 31 cents a share in the preceding year; net sales $2,320, 939 vs. $2,079,188. Le Maire Tool & Mfg. Co. year to July 31 net income $56,229 equal to 34 cents a share vs. $64,542 or 39 cents a share in the preceding year. Peerless Cement Corp. 9 months ended Sept. 30 net income $256,803 equal to 83 cents a share vs. $324,608 or $1.05 a share last year. Sunray Oil Corp. 9 months ended Sept. 30 net profit $599,098 equal to 27 cents a common share vs. $623,486 or 29 cents a share year ago. Abraham & Straus, Inc. 6 months ended July 31 net profit $288,896 or $156 a share vs. $145,689 or 63 cents year ago. = California Ink Co. year ended Sept. 30 net income $238,582 or $2.47 a share vs. $443,779 or $4.59 previous year.
Charles E. Hires Co. and subsidiaries fiscal year ended Sept. 30 net profit $1,080,601 equal to $259 a common share vs $978,335 or $2.11 a share in the preceding year. . Chicago, Burlington & Quincy R. R. Co. 10 months ended Oct. 31 net income $21,044,283 equal to $12.32 a share vs $9,196,386 or $5.38 a share year ago. Chicago & Eastern Illinois R. R. Co. 10 months ended Oct. 31 net operating income $2,954,554 vs $1,696,381 year ago. : Chicago Great Western R. R. Co. 10 months ended Oct. 31 net income $1,727,193 vs $1,490,201 year ago. . Illinois Central R. R. Co. 10 months ended Oct. 31 net income $19,172,999 equal to $13.43 a common share vs $8,306,442 or $5.43 a share year ago. Western Maryland Ry. Co. 10 months ended Oct. 31 net income $3,191,721 equal to $17.99 a share vs $2,334,827 or $13.16 -a share year ago. * ‘Rheem Mig. Co. 9 months ended Sept. 30 net profit $607,509 equal to $1.33 a common share vs $486,566 or $1.35 a share year ago; net sales $25,340,111 vs $13,293,953 year ago.
LOCAL PRODUCE
Heavy breed hens, full-feathered, 10c; Leghorn hens, 16c. Springers 1% lbs. and over: colored, 20c; barred and white rock, 21c; cocks, 10c. Roasters, 4 Ibs. and over; colored, 20c; white rock, 2lc; barred rocks, 2lc. All No. 2 poultry. 3 cents less. t receipts 54 Ibs. and up,
Graded Grade A, large, 39c; grade A, medium, 37c; grade A, small, 35¢; no
e, Butter—No. 1, 48@48%c; No. 8, ¢60 46%c: butterfat, No. 1, 46¢c; No. 2, 43c. (Prices on produce delivered at Indianapolis quoted by Wadley Co.)
Incorporations—
The National Dry Kiln Co., Indianapolis; dissolution. Kruse Co., Inc., Indianapolis;
on. . American Drugless Assn., District . of Columbia; amendment changing corporate ‘name to American Physio-Therapy In-
dissolu-|’
stitute. Upland Assn, Inc., Postoffice bldg., Marion; agent, Dorris E. Reynolds, same address; 1000 shares no par value; live stock : business; Dorris E. Reynolds, Guy
Gary
OPA to Work Out | Coal Price Change
WASHINGTON, Dec. 1 (U, P.). —Price Administrator Leon Henderson said today that OPA would work out price adjustments necessary to cover increased cost of bituminous coal produced under a six-day week. The United Mine" Workers of America recently agreed to permit miners to work six days a week instead of five as at present. Endorsing the pfoposed increased production program, Hen derson said that “representatived of the committee of bituminous mine operators of the bituminous coal division of the department of interior, and OPA coal price executives are working together to solve the numerous and various problems involved.” “We hope to have specific in-
RETAIL SALES SET RECORD IN OGTOBER
WASHINGTON, Dec. 1 (U. P).— An early surge of Christmas shopping lifted nation-wide retail sales in October to $5,310,000,000, the highest for any month on record with exception of December, 1941, the department of commerce estimated today. The October retail turnéver compared with $4,888,000,000 in September, $4,656,000.000 in August, and $4,711,000,000 in October last year. At the same time the department reported in co-operation with the National Association of Credit Men that October sales of wholesalers showed an increase of 8 per cent over September and 10 per cent over October, 1941,
formation and cost data from the industry itself with the least possible delay,” he said.
WPB WILL EXPLAIN CMP PRIORITIES PLAN
The Indianapolis war production board office today invited Hoosier industrialists in this district to attend a meeting tomorrow in order to familiarize themselves with the new “controlled materials plan” which ‘becomes effective April 1, 1943, on copper, steel and aluminum. The plan, according to Albert O. Evans, WPB priorities manager for the Indianapolis district, is the “most drastic and far reaching change ever issued concerning the preference rating system.” 'WPB in Washington already has advised manufacturers in the country who are using the three most critical metals that they must file applications under the CMP by Dec. 15 if they are to obtain necessary supplies of these metals. Norman Duehring .and D. D. Simpson, CMP specialists from Washington, will conduct the Indianapolis meeting which will begi at 10 a. m,, Evans said. ‘
Dollar value of inveniories of the wholesalers on Oct. 31 was placed at 5 per cent below the previous month and 16 per cent under a ygar eariler. October was the seventh consecutive month to show a decline from the previous month. Collections by wholesalers on accounts receivable during October were up 6 per cent from September and more than 19 per cent ahead of a year ago. . The department said that after allowing for the extra day in October. and the usual increase in trade at that time of the year.<that Its seasonally adjusted index of retail sales rose to 1509 of the 1935-39 average compared with 147.5 per cent in September, 150.8 per cent in August and 1339 per cent in October 1941,
U. S. STATEMENT
WASHINGTON, Dec. 1 (U. P.).—Government expenses and receipts for the current fiscal year through Nov. 28 compared with a year ago: This Year Last Year Exp. ....$28,293,082,180.58 $8,923,561,386.58 War spnd. 25,978,120,100.39 6,343,644,714.97 Receipts 5,018,979,391.62 Net def.. 23,271,655,288.96 Cash bal.. 2,908,252,125.64 Work bal. 2,145,722,568.64 1, Pub. debt. 99,932,589,166.25 61, Gold res.. 22,742,574,774.72 22,784,332,564.02
INDIANAPOLIS CLEARING HOUSE
Clearings $ 6,268,000 Debits 23,413,000
HERE EEN
Cesitral’s wartime program, and in cooperation with the Office of Defense oT ransportation, train schedules are being adjusted to make the most efficient use of available equipment for handling vital military traffic and essen
tial civilian travel.
SEE NEW TIME TABLE—OR YOUR TICKET AGENT
:.. for changes effective December 6th, thiat may affect your time of leaying, arriving, or making train connections:
Telephone Market 8321
IRC T8LL1, CI REE AB