Indianapolis Times, Indianapolis, Marion County, 13 March 1943 — Page 4

Gambling Pushes Up Prices of] ¥*" ip Worthless Railroad Securities pices Rise to New Tops; |atss=

By ROGER BUDROW: ; "No More Is Offered

| THERE MAY BE SOME CONNECTION between the To Bidders. atement of Emil Schram, president of the New York stock CHICAGO, Mabe: 19.00. P: ge, and his visit to the White House where he assured, SF C4 3 Ma 2 =

ident Roosevelt the stock market is in a healthy condi-|marient price ceilings on corn effec- Alis-chad .{ tive at once threw trading in a state It may be in a healthy condition but there is one aspect Of Sonjusion 3} the SpENing on the 4 ‘the situation that might draw criticism from Washington. | aropped sharply in all futures but

ti is the gambling going on into stocks of bankrupt rail- corn, which rose to the new levels. It can hardly becalled “investing” because some of| Wheat faisacd She qu uh go

e stocks are now selling for more than they are worth—|to the new ceiling levels; oats off

% to 1%, and rye up % to off %. BE Com prices advanced to the limit ndergoing reorganization and |the ship was being loaded the level permitted Sider ihe Rew Sellines: which the interstate com- lof the Columbia river at Portland | Lo © 0 0 ™ oot ed a ‘commission has already|was raised and then lowered ome..." oo. Fh, e a ruled as worth-|foot. The water was warm and the, = J... he Snelne J een less. The railroads air very cold, causing an extreme he Teron ver. es, E Jovs owe so muchlexpansion condition. An expert|"€ ey ho DeTilen le limi e money that the|from the University of Oregon i e Same pa a Sp bid owners of - secur- |tested the steel and found that it on no offerings available” propo-. ities that come |had a low yield point and couldn’t{® ion. ahead of common take . such quick temperature RANGE stocks will befchanges. lucky to get much s 8 8 High Low on their invest-| ODD AND ENDS: Louis Ruthen-{May..$1.44% $1.45 $1.44 $1. 44% s1.45% ments, let alone|purg was paid qs oa by July .. 143% 145% 1.48% 1. 4h J 45 Po mmon erator con- : 1.457, : she co ee Feld A jg|Sept... 1.48 146% 1.48% den 1.46% Am Sas, 21 Far 73 a Mr. Budrow Some railroads| president. . . . Gar Wood Industries Dec... 1.48% 140% 1.47% 149%s 140% Am Sti Pdies... 4% Se are making huge |paid $54,490 to a man named Worth m ofits from the war, it is true, and |Hall in return for getting the com-|Yay * 193 103 103 ion 1o0%|A ey are retiring large amounts of pany a government contract; the|Sept... 1.08 1.08 1.08 108b 100% debts. But the war would law prevents such “fees” now andj. ° / * g . Have to continue for a long time to|Gar Wood will probably sue for the yay . 60 an am ‘make some of the common stocks money. . . . Bendix Aviation Corp.’s 60% “have any value and that would pre- |profit rose from" $1.47 a share in : sume that the government would |ig41 to $1.83 a share last year. ...| Bye— ° 0 ot attempt to slash railroad rates, (Profits of Bell Aircraft Corp, MeV. 80% 30% Anaconda 111... 28% as the OPA is now trying. manufacturer of the famed Allison-{July.. 87% . 4 88% “384, | Armour Del ot. 1124 " The common stock of the St.|powered Aircobra, have skyrocketed|gept... .89v: » ‘01 + | Armour 1 . 1a "Louis-San Francisco railroad is a/from $284,000 in 1940 to $1900000| ~~. o.oo. 90% Armstrong d example of how. speculation in 1941 to $4,203,000 last year... .| a—Asked; b—Bid. : Artloom ushed prices up. Last year Fruit and vegetable canners com- Atchison hie mock sagged to a 10w of Scents. plain to the OPA against grade] VJ. S. STATEMENT ntly it got as high as $1.75 or labeling. . . . The bombs Brig. Gen.| wASHINGTON, March 13 (U. P.).—GdtBe increase o 5500 yet cent. Jimmy Doolittle and his raiders] ernment expenses and zéosipts for the

current fiscal year throug rch 11,

. Ye 22% ‘s | Goodri dropped on Tokyo were made by &|compared with a year ago: Baye AB UB Goodrich pf LL 8 EDDIE * RICKENBACKER'S wallpaper concern. ! Bepouses ey a0 s30 $16 00s, ora 00 | Aviation Corp '® 5% 5% 5% Goodyear pf ...

en $50,504,063,429 ; o RL. airline (Eastern. Air Lines, Inc.), War spending. 46,870.90, 1293 13.8 1613,913, 201 fa1d Loco ct -. a 10% 16% Gotham Hos ..

made more money last year than Receipts 10,130,669,427 6,109,104, alt & Ohio 7% 7 po in any year ey its Fill oy . LOCAL PRODUCE Net deft". eiasiy 301 3.001791.828 pres in un NA Net profit was $3.28 a share com- | Heavy breed hens, 3% Ibs. and over, Jarkin Cn 5% 165, 292 on Soy oa34 | 46 4 > ’ y! ns pared with $2.81 in 1941. 20348: gin lbs. and under, 23%c; Leghorns, | Gold reserves. 22,643,798,805 22,709,193,925 Bath Ir Wks treas ive the air- | Broilers under 8 bs. colored and Barred Ls | Bell Aircraft .. =~And if the ury oH the & a eT Udder 8 ns INDIANAPOLIS CLEARING HOUSE {Bendix Avn .... 38 : Gree. L. fine a favorable ruling, it w ave nd Toda Ben Ind Loan . 14% vies 155 J Pryers 3 lbs. and over, colored a oday : Sound Cp. two million dollars more to add to [Barred and White Rock, 29c. Clearings «i.cososiensss esse $ 8,715,000 Bess Foods =a 21 % | Grumman Air E 14% fts $1,800,000 profit. This {wo a ags-leghoms, 2lc; heavy breed, 230: Debits ...coeeer.eseecrsars serrs 15,487,000) ob ow San... 33° 33 ~ Susne Sue ir 3% million had been taken out of EG¥s—Current receipts, 54 lbs. and up, isi Tus Weer. $29,150,000 a Gu On pt, 3%

: 32¢ Ye 8%3 8Ya 3 profits but it hasn’t been decided Graded Bggs—Grade A large, 35¢: grade tessvesaaniuas cans 80,872,000 Bonin Air .. 0 vine dram Watch pt. 104% 104%

Al & Br. yet if the airline has to pay on A Dene 33c; grade A small, 25c; no QUIT MEAT DELIVERIES a Hanna 5 pf. DA A . + - 3 ] 3org- Warner o . Harb-Walk Mv 1 8 excess pros tor last year. net, 1, 50¢c. BuitertateiNo, 1, 49¢; ANG _ March 13 (U. Ee s i + Sa 31 a A eh Ye THE KAISER ‘sup that broke : P.) —Ten independent meat pack-

tn two at Portland last January has| WAGON WHESY cago market| TS: SUPPlying a large portion of

been repaired and refloated. The oy: Indianapolis flour mills and grain| Southern California’s meat, today | B

elevators paid $1.50 per bushel for No. 2 T Sy % “2 ate sk ! 3% tfanker did not break because it had rod wheat” (other grades on thelr roo shut off deliveries for a week, and red & Q Tr : 16| Houd-Her B +. 12% 124 0. white oats,

WHATS CTBKINY March 13, 1943

Lin tral .... 12 Budd Mig are oa 2 a n Con rad +3 Ss Continued from Preceding Page

dd Wheel .. 9% Bulova Watch . 20m . Havigating air corpS’bombers in the southwest

Pacific. . . . That Jap convoy our bombers oar. RALPH E. BOULTON, in charge wiped out in the Bismarck sea first was

of marine corps recruiting here, has been spotted, we learn, by an Indianapolis airman to major. . . . So have three other —Lieut. George William Sellmer, who. used to work at Allison's. .- . . Mr. 'and Mrs. Edward L. Myers (1316 E. Ohio) have received word from their son, S/Sergt. George E. Myers, that his ship was torpedoed in midAtlantic and he spent four days in a lifeboat before being rescued. Thomas A. Byram, petty officer 2c, has been WW gited for bravery in the rescue of the crew Sa »ys a grounded ship in the Atlantic in a Absent-Minded Guest— violent sea. . . . Lieut. Mark Ogden, U. 8S. ’ A HOTEL KEY which some absentN. R., who is the skipper of a converted minded guest walked out with was returned yacht on patrol duty in the Caribbean, has by mail this week . . . but it was more than been home on leave. . . . So has Lieut. (jg) - 40 years late. . . . The key was taken from Vincent Fowler, en route to Princeton for a the old Bates House, which was torn down in 190%. . . » The a postman just : Tok KX \ delivered it to the terbury Gets WAACs— Slaypod] ai on THAT CHEERING you may have heard ive alte ‘down Camp Atterbury way this week marked delivered ‘to the the. arrival of the camp's first WAACS. . . . OWT here a letter - The 130 gals, all of them good solders, came addressed simply: “AWOL, Oircle Tower

up from Tlorida. building.” . . . That's who it was for, too. + « « They moved ".. . Eighty military policemen from Ft. into quarters Harrison are serving as traffic officers at known as the "all downtown. intersections as part of their TWAAQ shack” training. . . . The home folks just stand - « « They'll replace around and watch ‘em toot their whistles. fellows, doing . « . Pop Hedden, Butler's athletic coach, will clerical jobs and have charge of: physical training for the similar work! . ,. air corps cadets now stationed at the school, We hear the fel- . . . The WPB has okayed remodeling work

lows at Stout fleld at the Pleasant Run golf clubhouse. are quite jealous 8

Atterbury. . . . Speaking of the gals, an : : * fr % ndianapolis WAVE, Ensign Lucille Pryor, been admitted to practice before the ° In the Mail Bag— jpreme court in Washington. . , . She used NOT MUCH SPACE left for the mail . . . work in the Union Trust Co. trust but here goes. . . . Pvt. Elmer W. Spaulding iment. . . . The city is trying to get writes from somewhere in the Southwest ‘more volunteer firemen and policemen Pacific and says if we see any of the Ste civilian defense setup. . .:. State Riverside roller rink gang to tell them hello -will be opened this year as usual- A for him. . . . And te war restrictions on travel. . .. The ' ; he adds: “I hope dan theater—out east—had a double Bl AS) ahd pray I will I this week '. . . It was: “George Wash- ‘ at” be home in ton n Slept Here"—"Between Us Girls» © ; or. another year at * * ... a Te g. fry st. . . . We hope Hani # rE fi . it’s sooner than ¢ First-Hand N ews — ww JE that, Pvt. SpauldWE'VE BEEN getting some thrilling first- ~~ - © sg ™ 4h jae pe EYE 2a om. al follows home for visits after seeing Vries from Clearwater, Fla, that wed “be of action. . . . One is Flying Officer surprised how much I appreciate ‘What F. Marting (116 W. 34th) of the ~~ Cookin” , . . More praise for “What's 5, Ti shot down Tour enemy plane, | Cookin'” from Sergt, Samuel R. White, who. ; : is overseas. . . . His sister, Velma White, i ‘will bg graduated next wesk Trois tie WAAC Li ! officer's training school at Des Moines. . . And Mrs. Robert J. Langle, 3465 Coliege, says her husband reads us regularly, . ... . He's stationed at San Francisco. . , Well, so dong fellows, . 0 A Well. be seeing you

AT AN

10 Cents: Extreme ww Is 818.75.

id Hog prices advanced 10 cents and a BEE Th more at the lis stockyatds | Breeze orp... today, the food distribution sdmin- Bridges Mach. istration Teported. zur Vee of... Most hogs weighing 160 pounds or | Can Marcon ‘a ‘more sold a dime higher than yes- | Sent a ou © terday but a few choice porkers com- | Jities Serv manded prices 15 cents and more |Col F&I wis over yesterday's. The extreme top|SoLo & $ was $15.75 with most selling for $15.60 down. Receipts included 1500 hogs, 100] Copper cattle, 25 calves and 25 sheep.

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120- 140 pounds v.c.oeeness Shp 14501 El Bd&Sh 5 56 140- 160 pounds . El Bd&sh 6 ot. Site : pounds .80 | Equity Cp 15-16 200 pounds 4 A pounds pounds POUNAS c.ouennenens pouUNdS cscs vncves Pounds c.svicsnsnne 15. POUNAS .eiiesenians 15.38 15.45| Hecla Min

Men 220 pounds [email protected] Packing Sows Good to choice— . 270 300 POURS ......sivss.. [email protected] So doo am, 0 ISIS res : son . = pounds . R 15. . Francisco Sug . Phil Morris ... Ld . 2 sasninsenens 15 La La & Ex . FreontSulphe... 30%, (30% 361 lips. P Th i o0- 49 poungs a0gis ds Marn SE | 4% Gair. Robt .... 3%

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400- 450 pOUNAS <eessscecess [email protected] 450~ 550 pounds ...ccsee0nsse + 1s@118

Milybdemn My City oh 230 pounds ............. [email protected]| Nat Contr viens > ta Slaughter Pigs n'y Fuel G EE Medium and good— NY Shipbidg - 3% 90- 120 pounds [email protected] | Niag H

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1300-1500 nds .. aa: Republic Avn .. Good— St Sv Regis § Paper, 3 700- 900 : 15.00 as. HE Sefeted" In Tad 11:16

18% 150001030] 8ta o 8 3. | [email protected]| Sta Sie 7% Medtum— Sterling Inc ... 1 700-1100 POURS .esv.ves.e. [email protected]| Fonrey, Ql .... 2 Bony BOURS sirieeens MORN Common— 700-1100 [email protected]

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Good— Un Lt & Pwr Bf si% nu 600- 800 pounds ....e..s.... [email protected]|U0 S fa) B 4% 800-1100 pounds ....cccese... [email protected] Un Paper. . 3% 2% Medium— West Va Roal, 4% 4Y2 500- 900 pounds sevsssenssee 13.00014.50 h Ccommon-- § 500- 90 pounds ............ 11.00013.00 Cows (all weights)

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Beef Aviat Corp .... 5% G08 ....rncruniiiunsansss 1350Q1425 | Bastian-Bl LC 18 Sausage— : elmon cone Good (all welghts) ........ 18.50G1435 BONAR Av. .+o1 3% M : 13.50 [email protected]

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Good to choice........... eves 17.50 A Commond. and medium....... 13.50 .00 Cull (75 lbs. up) [email protected] Feeder & Stocker Cattle & Calves

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500- 800 POUNAS ..cs.a0.00.0. [email protected] 800-1050 POURS .+v0ceossnses [email protected] | Lo

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500- 800, POUNAS ..c00000nesns 12.50@13: «| 800-1050 pounds zatenasneess 135001050 5 | Medinm— a ara P 500-1000 pounds .....evssssss [email protected] Serrick c Common-— : 215 500- 900 pounds ......s...... [email protected] Studebaker (uw). 10% Calves (steers) & Co .... 24% - Swit Intl ..... 33 7 .. |Good and Choice— Texas CO ..,... 47 South Pac .... atk 1,1 500 pounds down .....cc..... [email protected]| Trane Co 1

Shoe 32% 32 i 3 Medium ————— ve .- 43 South Ry pf . 500 pounds AOWE .o.vivovuns [email protected] Ye el &T ... 1H 1 Boy |Sperks With ... 4% ene Lo . Calves (heifers) GAINS REPORTED : BY “een : > ¥ * 4; | Good and Choices 5D 8 tie & ve 35 35 A od 500 pounds dOWR .......c.s¢ [email protected] ’ Jarvis Co ..... 11% fie... 58 ror | Medium— : Jewel Tea ..... 38 38 : In Ll Ah 4% ke ‘3, | 500 pounds down ............ 11.50013.00 AMERICAN UNITED Johns-Man :... ,Ya{BDlege) Jus 'pf.. 40 Wy [in SHEEP AND LAMBS (25) 2% 2 2 Ya

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Cert-td 6 pr ot. 48. Champ Paper. 18% Checker Ca

Jones & LptA o gat . Ewes (shorn) American United Life Insurance OF MIG «vires. 0. Good and choice 1.50@ 9.00) oo yhdia lis toda: Kalamazoo S&F 14 Common and choice ......... 6.50@ 7.50. oO napo. y reported Ye

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0 Sou Kan o Sou ‘pf 2 @ good ...oioislll 14:[email protected] Yo i Medium S04 GUO. «raiser ro: 12.50@1¢.38| company last year rose to the high

Lambs (Shorm) SGI est in its 66-year history. i eg gd) * 139081500] President George ‘A. Bangs said

i. 14.0001 Common Tati wears [email protected] assets increased from $54,763,792 in Good a and choice ............. [email protected]| 1941 to $57,679,189 at the end of Sun Oll pt A. 128 26 % csssssanssnsss [email protected] 1942; paid-for insurance in force | Superhtr 16% 5% vi. rose from $287,869,669 to $290,773,806

rior Wu: 921 22 5 | FOREIGN EXCHANGE and payments to policyholders and

SWilh & So ne. 2% NEW YORK, March 13 (U. P.) —Follow- | beneficiaries totaled $167,847,434

Fre EL Bd 36 wn wh — ¥ Ing 2s fos cable rates on mAJOT| since the company’s organization. yming- : land ( $4.02; Can- last hei Sac; jared Bovea (bei, $1; The mortality rate year,

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7 wet vious year and there was a marked Close Change | reduction in the number of policy-" 53s T'%%| holders who allowed their insurance to lapse, Mr. Bangs said. Despite rising’ cost of operation, management expenses were less than in %11041, the home office staff here numbering slightly more than 2 Jilson PE sen ex 31 ‘ employees, he said. Forty-four. per Worthipgton ... 31% : cent of the men under 45 left the Wright Aero ... ” company to enter military service, Tes TB am TE ellow WEL a ’ su or or boug e open Tow ym, "5 | market more than $3,000,000 in U. 8. Foun Sheet <3 35% -+ | government securities, our tal. Young Stl Dr... 13% 13% ‘| holdings in such securities $4,017,732 at last year's end,” ME, EL

Zenith Rad ... . 2% 25% ol Zonite ......... 3 3% .... 'Bangs said. hp

Farm Groups Battle OPA on New Price Ceilings on Com’

WASHINGTON, March 13 (U. P.).[the first and 15th of each month —Instead of raising corm ceilingjuntil Sept. 30. Then on Nov. 1, prices as many had expected, the|when the new crop season Ope OPA today set dollar and cents ceil-|it will return to the May 31 level, ings at about current levels and im-| Prices on futures also follow the mediately drew fire from the agri- ; culture department and farm if

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