Indianapolis Times, Indianapolis, Marion County, 19 December 1942 — Page 11
Rationing and Price Control Following, World War Pattern teen By ROGER Hooke . LEON HENDERSON HAD HIS FAULTS but his leav-|3an ing the OPA should not lead the public to conclt 2 that rationing or price control are not necessary in wart Lately I've been reading the report that Bernard Baruch : made after winding up his job as head of the war industries | board which was the war production board of the first worid|
war. The parallel between the difficulties in the first war and this war is revealing. : “i
J Am Those who complain that’ Baruch og : wasn't as hard as Henderson or PRICES ON HOGS % [AR Water ¥ ARE UNGHANGED
Donald Nelson ought to remember that - the first war ended before Top Remains at $14.40 as fit 4000 Porkers Arrive
many .controls At Stockyards.
were put ino ‘effect. They were planned, they would have been hard, too, but the war ended before they were needed. Nor did the other war reach the intensity or Bal global scope that ‘Hog prices were ‘generally un- - this one has al-|changed from yesterday at the In- 3 . Mr. Budrow ready. Japan| dianapolis stockyards today, the ag- |Bengor & A didn’t confiscate our rubber supply |ricultural marketing administration ‘and other sources of vitally needed reported. 3 raw materials. Nor was this coun-| ° weights from 160 pounds up sold | Bayn try called upon by its allies to make (petween $14.30 and $14.40 while lighter weights brought $13.15 to|B $14.15. A Receipts included 4200 h ture in Washington predict more|,o¢ ‘rationing, more controls. © Hender- cable, 25 salves au Bh son has said so repeatedly in his HOGS (4000) blunt manner. His successor will ie have fo say the same thing. Per- an haps he can do it more success- catsesserenss fully. ; ments vacant during the second ‘week of November, a sample survey made for the national housing agency shows. But 90,000 more persons could bel housed in the city if there would be more doubling-up, if more peo-|G me 250- 550 pounds S........... and - three-fourths” persons to a Slaughter Piss room. » . > # o 2 THE SALE OF the Standard Margarine Co. of Indianapolis to Standard Brands, Inc, gives the latter a big place in the mar-
Bit XBR EERE
Reaction Called Tec! nical; ‘Trade Lightens F m Recent Pace.
NEW YORK, Dec. 19 (T P)— Profit-taking brought = irre ularity into the stock market tod: ; 'Aftér|c a rise to a new high since {ovem- | ber, 1941, in the industrial we yesterday. Trading lighter i from|Sn® the recent pace although th waek’s total turnover was the large: of the 5 year, : Steel shares were depress: i frac- |B tionally and motors, some ra s, mer- |: cantile issues and amuseme fs feg-| istered small losses. C' cmoicals| Gh slipped back after advance: to new| highs for the year earlier in the week. Utilities were barelw steady. Special issues fluctuated over a wider area than recognize | lead-|! ers. They ranged from: an .ivance of 2% points in Phoenix Hosiery preferred to a net loss of mre than a point in a number of sh. res; Theer was little in the ews to sway prices and Wall Stree: experts said the market was foll wing a technical pattern. The calizing |N. selling was considered nc mal in view of. the recent rise anc experts x |said it did not represent an change in the main trend of the market, | puget. So oe! il 73 which still is regarded as 1pward Ube ‘3% 4|Steel operations were rep cted 8s|Segal gis Paper.
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Turn Upward. CHICAGO, Dec. 19 wo P) Grain futures made sharp a on the hoard of trade rh, led wheat, which touched new levels. Wheat finished the day up 13% cents a bushel, corn up % 1%, oats up % to %, rye up % 3. 1%, and soybeans up % to 1 cent Bullish sentiment, resulting from the resignation of Price Adminis tor Leon Henderson, strength the wheat market. Traders felt : under a new a tor, ceili for. farm products stood a be chance of upward rev Mill buying acted as a hind wheat futures giving the m ket a firm tone. Demand cs from houses with southwestern northwestern connections. A report from Mexico City id that while more arvested in Mexico this 615,000 bushels Hust be
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ees —o.02/] rf : re | "High anes), 20.28; - Low, 23.31. : Byrity Bak ann High (1941), 30.85; Low, 24.35. ° t 15 UTILITIES
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14.34 —o.01 | 3250 14.35 -f.21 13.78 .+0.04| O8 sessesessensesne 13.96 —0.02| Year AGO .i..iecessesevsocs 1352 40.01 High (1942), 14.94; Low, 10.58. ~ High, (1941), 20.65; Low, 13.51.
“15 MOST ACTIVE STOCKS Sales ch Net in 1008) High Low Clase Change nite G Imp 216 5% 4% 5% + %|Re United Corp 78 5-16 9-32 5-16 -+1-32| Be Unit Corp pf 71 16% 14% 18% +1 Warner Bros 64 "8% 8% 8% + % 'N ¥ Cent .. 39 10% 10% 10% — | Nor Pac... 58 7% 71% 7% + 3 Safeway Com & So... 54.9-32 % = % —1-32 (Nor Amer. 47 10% 9% 103% + % ‘| Stand: Brands a% A 4%... :| Cons Edison 15% 15° 15% + 4% Gen Motors. . 43% 43K 43% .... Stand Oil NJ 38 45% 45% 745% * ¥ BAIL
‘| Comwith - Edi 87 213% 21% 21%. : nd Servel .Inc - La nt: Tel& Tel. + 3%
Am Wt WE 13% 8% 3% CAC Sharp & D Stock sales were 372,000 shares hater a. ‘against. 340,730 last Saturday. Curb Shell "Un: Oil.. stock sales were 73,315 shares com- in pared with 71,935 last week.
Ervsi per EL
Today.
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58 54 447 43 44 39 38 87 33 34
Strength in December acted as {constructive factor, the current de livery getting to within 3 cents o: the May price, and selling at a ne ‘high since mid-August. ' Septembe: and July touched new seasanal tops
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a g . 122 Bigelow San .-. 27 Black & Decker 16% Blaw-Knox ... 6% Bliss '& Jaugh. 14 Boeing | Air ... 15% Bohn A AigBr - 42%
High Low
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Grant plies ‘Gt North pf oe West Sug. . W Sug Pf .
eat-—No sale oh, 2 TOW, 92%s¢; No. 3 voor sifke 1% yellow. s0%ac: No. 3 yelior ¢. New 2 yellow, 3 %@90%c; No. 4 yellow, S54 Gaowe: Ne 3 aan T0@85%c. Soybea.
ns-—No ales, : y.Onte—Ne. 3 at ‘heavy, sakes. No.
Ba —- Malting, @$1.04 nomina pa “ante mominal; feed, Noa
nom ovisions—Lard, rd bid; loos leaf, $12.40. bid; sow "ellie
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Gu'M & Oh pf. 25% 2 : of ion, ose 2%
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3 3% LOCAL ISSUES $2. ath pid. a 3 Laman Seduriics| 1 $15.35 bid.
Seas esssnnes Ham ° FTIR F vr Hay Bucy. Brie.. 3% Hayes" a Budd Mie Bf. 1% azel At Gl.... ‘| Budd Wheel . 6%
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. WAGON WHEAT to the close of the Chicago marke tay, indianapolis" flour mills and elevators paid $1.37 per bushel for No. red wheat ‘(other grades on their Mmeritey No. 2 white oats, 46c, and No. 3 red 46c; No. 3 yellow corn, 80c per € 99 | and No. 3 white corn. 8c. 4
TRUMAN TO PROBE FARM MACHINERY
WASHINGTON, Dec. 19 (U. P
[email protected] [email protected] [email protected] | Butler Dros. rile [email protected] | Butte Cop & - . | Byers pf
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Hon sug f.. 0) ul; Homestake - y Hout tier B.. Houston Oil ..
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‘their war materials in such great quantity as today. All those who are close to the pic- ” ” ® INDIANAPOLIS had ‘only 1 per cent of its rented houses and apartabo 450 unds ple with big houses would rent} 4s0- 500 De Crivimete ny Cal Packing . spare rooms, the report declares.|Mediu Callahan Zinc . It says the average should be one
Calumet & H..
Std P&L .... 3 | Christmas. Un Gas Gp vi. 1163, n r B- % : of labor reported today. % |by the end of next year.
Std Stl rh Sunray Oil .... Taggart Cp .... 4 3 MILLION TO LOT: jess CONSTRUCTION JOBS 7:3 . WV WASHINGTON, Dec. 19 (U, PJ). As a result of war p oduction| a board policy halting all © >w con-| go struction me essential to ‘he war udson Mo +Hupp Motor. . "11-16 Swift Intl Secretary of Labor Per that it would more than 1, |expanding labor needs of
Sylvania El Pd
Medium to 90 Syming-Gould.
Good— - 120 pounds CATTLE (225) Slaughter Cattle & Calves
Steers Choice— i : 700--900 pounds ...,.. 900-1100 pounds . 1100-1300 pounds
hs said eet the 12 ship- :
[email protected] . (a ] Spbual wees 8% vo 19
Sarerpillar T.. ood ; 23 "28 281, I Cent el 3
. | Celan / Celanese 5 pr pf 96% : | Fodian fio} :
Celanese 2d pf.. 96% Ind Rayo Ha "Rand. nd Stl
holding slightly under pres: t levels Shattuck. Dn ¥ at 72 |for next week’s schedule, i iicating Ao He 11% that the mills plan regular vork on 3 Technicolor ... 7% Un Cigar Strs . % Un Gas C —The construction industf: will release 1,000,000 workers for « her war «| employment in 1943, the de artment program, loyment in the industry is om, to dp from x 1, 11,633 ,000 to approximate! £550,000 building industry. Constructicn employmen already has dropped nearly 800,000 from its
[email protected] | Celotex [email protected] | Cent Aguirre.. 16.25|Cent RR N J
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‘| Tex Pac L. T... 8S. Truman (I
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. garine business which is booming because of the butter shortage. The Indianapolis firm is one of
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1300-1500 pounds Good~— 700- 900 pounds 900-1100 pounds ...coocecece
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14,00
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Cent Viol Sug.. Cerro de Pasco.:32 Certain-teed ... 2% Pp 83
Hyd El A. .
Harvester. 59
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Thatcner Pls Th Third Av Transit 3
Texas & Pac. y Thatcher
Thomp Star. .
; |high of 2,413,000 last Augu .. Public % | construction activity, whic} required
% | steadily declining to a cu ent fig-
1,675,000 workers then, 15 been
N PubN Ind Pub
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—Chairman Ha Mo.). of the special senate invest. gating committee, said today h group would hold hearings ne:
1100-1300 PO wen i 1300-1560 pounds ...isscee... [email protected] : M Marine. 10% ure of 1,181,000. Private tion employment has show lar drop from 895,000 in Ju 000 in December. Average employment in 1943 will be 1,040,000 compared wi 1 1,999,000 this year—little more aan half
as many workers.
onstruca simi- Seok to 452,-
Tide W A oil... 37a TWA ou pf. . 96% . 21%
Timk-D Timken R 3 . 40% 6% ‘g
month ' on the farm machine: shortage, which he charged will sc riously affect the supply of foc produced in 1943. Senator Truman said the we production board had limited man ufacture ' of farm machinery: fc 1943 to only 23 per cent of £ 1940, production, compared with © per cent production allowed in 194 “Our. farmers are. being asked ! produce increasing amounts ‘
the three largest margarine producers iif the country. Standard Brands, Inc, was formed several years ago by the merger of a number of wellknewn food companies. It has a . big business but its profits-haven’t been spectacular.” Common stockholders were voted only 10 cents
seessensgece
Medium—. 700-1100 pounds
1100-1300 pounds 4.00
sessscscncns
12%013.13 eh Van Camp Milk pf ed 3 Van Camp Milk com....iee... 1 Bonds: Algers Wins'w W. RR 4%%. . American Loan §s 51 . American n 6 + 9 Cent Newspaper 4%s 42-51.... Ch of Com - gg Co ban 1... 18 Citizens id ge 4's 61 0103
700-1100 pounds chedeeade vee 5 | Transamerica.
Choice— 600- 800 pounds
14.00@15. 800-1000 pounds 2
20th Cent. 26 .14.00@15. Oth Cent-F pf
Twin CR T pf. 73 Twin Coach .... 7
T&T. eiseestensis Intst B 8 pi. 94 Good600- 800 pounds . 800-1000 pounds Mediam— 500- 50. pounds ssesssecacane
ssscsnscssnse cecestevensR.
26% 26% — % N%h 17... 19% 19% ny
54 FY 8% 8% = 1
Jewel Tea ..... 26% i Man .... 172 . 19% 542
Incorporations-— Lake Investment, dissolu-
tion. Walkonaire Corp., Inc, E ox Ind registration . of trade-mark Cushinsole Insolator,”” class 38; clothing 1 Save A Life, Inc., 325 Ba: ers Trust|] building, Indianapolis; agent Wilbur J. | Mullikin, same address; 1000 = ares of $1 par. value; to deal in medic | supplies and medical equipment; Wilh: J. Mullikin, LeR A ullikin, Art: Wilson & Bennett Mfg. « corporation; admitted to en age: general manufacturing, me: antile trading business.
&
Und Ell Fish ... 444 vse 1%
Col Ai 18% 10.25@13. 06 Col Fuel & I. 147, ‘Col & So. 2% Ine, Ga: pe 1
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foodstuffs,” ‘Senator Truman sal “The farm labor shortage is grov ing to al proportions. Y. cannot expect more food with le’ labor ‘unless. we provide farmer with essential tools. . . . the amou:* of farm machinery will have to I increased ‘ wherever possible to ii. sure ample food deliveries.” #
20% 84 13% 8% 105 28% -35 19%, 26%
‘Kan C Sou yt 0% Kaufmann pf Kelsey-Hayes A Hh B 8% 105
20% — % 0 84 avs 13% + %| 0 Ys — > +
Muncle ‘Water W Ind Pub Serv 32s -69 N Ind Tel 4
+ % Un Gas Tmp pf 100 n Mer & Mig. 16% Dist pf.... 34% & For Sec... Reign}.
Richmond ater ss 5s 51.. rac Term: Corp 88 57 *Ex-di vidend.
or
3412, — % 26% ....
Aircraft. . 20 py 15-16 + YI 11 — 5
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2% co. 13% — 3 Cons TR Cons Si + 3% Cons Cons’ Oil Consum Pw pf. 887% Cont - Bak § -
cieveesveses [email protected] ont-Dis | Fo... seesrussere. [email protected] §oni in 4
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Choice— 500- 800 pounds 800-1050 pounds Good— 500- 800 pounds 300-4050 pounds
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a share at this week’s meeting of directors. ? » x 3 500- 900 pounds is wo & 80108 3% ODDS AND ENDS: Goverament Cows (all weights) Gol Broadcast A 16% 10.95 Col Broadcast B 163 ERE a7 Jus sit in soit gl "pore G5 BREE 4152 if 4 RL Tons 2 uted, design Is ited. Cutter ad common 1.18 on Col G: Gas s 6 pf A. 41 40 0% — Belscy Haves PY Loa oT moon Bulls (all weights) Ry Plctires i pr 34% BE ampsel remind Chris (Yearlings Excluded) folders. Prise 2 taxes a i Jeet. Ea [email protected] Eom mith ra in March: z = : From the middle of Baton ett asts getters Comwitix Edis L aids October to the middle of Novem- Good a weights) . sreerses witagiif ons Aircraft. . 167 ber food prices rese 0.4 per cent in| Cutter and common ........ '[email protected] on Seip Ti. CALVES 125) cs re ; ; (federal communications commis-| goa gy ery al Welgtyy sion) argues that American Tele- Common jnd Sodium phone & Telegraph.Co. should di- : a vide more of its profits with a5s0- _ Feeder & B{oskes Sui & Calves ciated companies. . . . Taxes have = cul profits of National Malleable & Steel Castings Co. and dividend was pared from $1.75 to $1. High Low
=
CER REE FES FREES
ceveseesenss [email protected] |S
95 15-16 ernie 111251225 161
Univ Plot 1 of. 161 eee ..15-32 15-32 : 32
Lo Lo! sesesecienss [email protected] [email protected] jer
Means pounds omm 500- 900 pounds : Calves (steers) Good and Choice— oa Lpounas down: ...iesieaed 13 001500
Vesa | 15% Van *Raaite pf. 114% .. 7 Victor Chem .. 24 Va-Caro Ch ? Vultee Sire of > 20% i —We Wabash ‘pf .... 23%
Waldorf Sys ... Walgreen a
Close Che Acme stl Advance Alum. Aetna Ball B.. Anaconda o-.
= bats a | = HE .
um—— 500 pounds. down
: Calves (heifers) Good and Choice— 500 pounds down ........... [email protected]
Medium— 500 pounds down [email protected] SHEEP AND LAMBS (25)
Ewes (shorn) Good and choice ........... vi Common and choice ..... Lambs Good and choice Medium and good Common
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Cuda. Curti Cur | Cur Gurl
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Butler Bros.. Butler B 5 cv of 20% t Ill Sec . a Cent Ill Sev of. 53% C 8S} P&L pf. 3% < Cen TIAER 23%
Cities Service.. Comwlth Edison Consol Bis
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Tae TR RERRsEes
McIntyre Boro. 36% McKess & Rob. 15% ‘McLellan St .
Mesta Mach ... . 26 Miami C e
Davison Chem. 12 Deere & Lo. . 25% Det & Me . 9%
c & W Bet * Edison
& Diam’ SE Diam M PD Diam T Mot . nes ..
£. Douglas Aire . Chem
DO a Mfg - Du: Pont Du Pont pf . Duques -L pf..
7.00@ 8.00 _5.50@ 1.00
4 Ee
West PE 2 A. Su W Pa El 6 pf. : v Pa El 7 pf.. a P&P
West “Auto Sup. 3 west Ma 2 pf. Ya West Union ... 27 West Air Bke.. 15% West El ... 81% Vetviey | PE 0 sees. Ss % ‘Wheel * Steel 177% Wheel 8t1 pr pt 60% White Mot .... 133 White Rock ... 3%
w M.. 2% Wills Sveti. 2%
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Boys are dead and dying. ships are sirkihz, families are torn apart, cities destroyed, men and women sweating tears and blood to produce war materials—our very: freedom is at’ stake—and what have some people been doing? 3s
PH HG:
3 sseeses [email protected] 18 . 14 20915.00| De "
. 12 00Q13.75 Yearlinz Wethers §
Good and choice . 4 Merjum: ....... cioeinnis caeres [email protected]
OTHER LIVESTOCK
WAYNE, Dec. (U. P).—Hogs— Steady; 160-200 1bs., Be 30; .200-240 lbs., $14.20; 240-300 1bs., $14.15; 300-400 1lbs., : $14.10; 150-160 1bs., $14; 140-150 Ibs. E a ities. 3 Hid 130-140 Ibs. oo 50; 100-130 .1bs., Bast ‘R
Roughs, $13.25; stags, $11.50; .50 down; calves, $16; lambs $7. down.
CINCINN: ATT, Dec, 19 19 (U.. P.).—Hogs— Total and ‘salable ,300; ° weights over 160 lbs. 5@15 cents lower; today's tep $14.45 ul for weights of 160-300 lbs.; 300-400 1bs.,| End $14.25 compared week ago wel iy over 160 1bs., 45@50 cents higher; lightweights Eri and sows 25 cents igher.
‘LOCAL PRODUCE
Heavy brdea hens, full-feathered, ate; horn hens, 1 ringers Ts JS and over: colored, 22c; barred and w 23¢; cocks, 12c. Roasters, 4 Bite ana over: colored, 23c; ‘white Sch: 23c; barred Ted rocks 3 23¢. All No.’2 poultry, 3 cents | : ent receipts 54 ibs. and up,
Grade a, a 4 ade eat ie: grade A, = 5
si ; No. 1, 48%; ‘No. 3 ss ; Dustertat, roe hE sd od Mi as ver: apois quot oy Wadley
. T. GRANT SENDS CHRISTMAS BONUS
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13%, 13:18 3Y,
The appeara: cz of Myers & Br. wilson & owl pf Ju 1m TB + this Informati © MesRURESY. ol oy pe Dy sage in these « lumns N Chast L ol. 3% Worthington ... 16, 18 evidence ti ii ‘this Worthing xr of 44 o . . % Wright Ae . 86 publication su s cribes to the princi lcs of ‘the Better I isiness’ Bureau, and oper . © ates with the 3uread in protecting i c public even to the cxtent - of refusing to cccept the advertis 7 of firms whose ‘a vertising and sales olicies are proved by hs Bu~-
Rushilie around from store to store—cussing, griping. ‘wast ing precious time, spending precious energy, getting mad. at fellow: Americans—
DLE lA]
134 124% 1 118 us — - 3% 30% 3%
Gt Lakes Dredge 1744, Heileman Brew. 5% Hibbard S BC 26% Hormel & Go. he 28% Il Brick. 1%
tHE EEL +
: Dl Tam] FREE EES
" All for what? Well, for example, COFFEE!—or the inabile ity to get it. What's going to, happen when the real 1 impact of the war hits them? .
ale: hogs, $15; ewes
FLEE +E+D
Nat Acme Nat Alte Fibres 1 N 18%
evens 23% Ee 13% 1% . 30% npn
Zenith Rad... 18%
| OCTOBER INCOME (EXCEEDS 10 BILLION
WASHINGTON, Dec. 19 (U. P.). ; “Income payments to individuals {rose in October to a record $10, reau to-be con: wry to 11279,000,000, bringing the total for} public interest “| $00 0ain00, she. cepastssent o| 4 ents for the first 10 months exceeded those in the 1929 period by $21,-
Vo Yale '& Joho, oN v.. {Young Sheet
' War has no place for “fair weather” patriotism. We must be able “to take Jt." 22
|| ++:
bay sas LESUrtey
23% t Cylinder Ro v Y Central ) 1 124 o’'w! Penn El Sw & 3%0 Re rp. (Ww 2 Reliance
Mfg .. Repub St (u) Fe 14%, 8t Louis N 8
I+:
Ho Presdom-fghting Americans will: recognize “coffee nerves®
‘not as just the problem of the “corner grocer” but: the eoncern o all of us.
Y NH& : NYNH&H pf . 1% 1 NYont sw. 5-32 5- : 20% . 20
We must seq, to it that public confidence in pitvate | Sistem; —in the American way of life, in our government—is not © en ‘by hoarding or other uneconomical practices or. : rmbing at necessary war-time regulations or restrictions. Would each one of us give up our breakfast cup of coffee 50 hat our soldiers might have the things tiley Heed? Sure would! Well?
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. S. STATEMENT
WASHINGTON, Dec. 19 (U. P.) —Gov- ) 30 Ts lu
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