Indianapolis Times, Indianapolis, Marion County, 20 March 1943 — Page 4

i ev UNITED PRESS a . : {DOW-JONES STOCK AVERAGES ho 80 INDUSTRIALS Today sssisescnesgescscsnce 120.13 : Yesterday estscserassess sacs 120.25 Week Ago' sepssvavescessenes 130.78 ‘Month Ago “srissussas essere 137.80 Year Ago sievsessesesesatns 100.82 40.07 High (13), 1036; Low, 11026. 20 RAILROADS Ti,

Today sassvnnas asseusesssane sm Yesterday cestsnssestonnasse 31.61 - Week Ago . cessessssscessass OSR.60 Month AGO ..cceceecescecscs 20.92 Year Ago 26.05 High (1943), 32.78; Low, 27.59. 15 UTILITIES

" CLOSE UNEVEN

Traders ‘Fear Presidential Veto for Pace Bill, More Loan Wheat.

CHICAGO, March 20 (U. P)— Grain futures followed an uneven trend on the board of trade today. After initial advances markets|Am weakened with oats sountering the wena

Airlines ‘in This “Country. Already] Asking to Start World- Wide Routes

By ROGER ‘BUDEOW—

I WOULD BE AN EASY MARK RIGHT NOW for a a) ‘galesman with an up-to-date book on geography. I don’t ean one which pointed out the skill needed to navigate the Straits of Magellan or the dangers of the Indian ocean in bad weather. ‘One more like that advertisement of one of the airlines - what I mean, the one that showed the great cities of the world as just dots on a blank sphere and left out the mounfains and oceans ‘and supposedly-vital canals. When you ‘read of Willkie’s trip around the world or hear A. W. Herrington talk, you realize that Calcutta and Moscow someday

will be just as easy to reach as Dallas or Boston now. There seem to he no wet blankets who dare sell aviation short, The airlines themselves are making great Northeast Airlines wants to start regular cargo, mail and passenger service from Boston to Moscow. United Airlines, the big east-west line in this country, has bought a controlling interest in a Mexican firm and wants to start ! service from San ¥ : Diego to Mexico Mr, Budrow ty Northwest Airlines is requesting permission from the civil aeronautics board for _ @ new route from Washington, D. c., ~ through Chicago to Fairbanks, Alaska.

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16 MOST ACTIVR STOCKS Sales Net ~ (in 100s) High Low Close Chanze Std GRE pf. 141 5% 6% 5% +4 36 Erie Ctfs ... 131 11% 10% 11% + 5 Aviat Corp.. 87 B% § 5% — 18 Int M & Ch. 77 11% 16% 11% + 1 South Pac... 74 19% 19 19%% .... N ¥ Cent... 1316 18% 133% .... Gen G&EA.. 2% 2 2% Comw & So. 3% 11-16 %% Am & F Pw 133 12% 18% Unit Gas Im WV St G&E 7 pf 2336 2156 22% Atchis & T.. 50% 49% 503% Alig pt $30 WwW 12% 11% 12% Gt Nor Ry.. 2s 21% 273% Am Rad&Std 80 8% 8 8% 3 std Brands... 39 6% © 6 PS

Stock sales totaled 484,290 shares 3 compared with 829,830 last Saturday. Curb stock sales were 104,885 Su% oil shares against 232, 410 a week

144: 1 i aga LL EREES EERE EESE

| es 1

House passage of the Pace bill, providing for higher parity level by including farm labor costs, failed to give wheat prices firmness beyond the first strong rally. Trade circles attributed the reaction to the probability of a presidential veto if the measure is approved by the senate, and fears that new advances would bring out another increase in marketings of re- A deemed loan wheat. Wheat finished the day off % to 7% cent a bushel; corn unchanged; oats unchanged to up %, and rye off % to %. .

- wise

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as far as getting a quick jump in setting up world-wide airlines after the war. Mrs. Luce claims high labor costs in this country would prevent us from competing effectively against countries who could manufacture planes at low labor cost. And then the big petroleum fields must be considered because there is a limit on how far fuel can be hauled to supply the airliners. If we had an airline to India, would we have to buy from the British Shell Co.? One thing is certain. With the thousands of pilots being trained Mes for war, we will have a tremendous July. backlog of personnel to start the Sept. great boom in the new method of transportation. » » ”

BUSINESS ABROAD: Chile, where the state railway is the largest industrial enterprise in the

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Packing Sows Good to choice— 270- 300 pounds 300- 330 | 360- 400 poun 400- 450 | Good— 400- 450 pounds . 450- 550 pounds . Medium— 150- 250 pounds Slaughter Pigs

Medium and $004 90- 120 p

+ 15.50@15. 8s . 18 50e15 80

1 3.400153 50 N.

an att aes ia Am Stl Fdies ... 24 Am Sugar 3 Am T&T ... «130% B . 52

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Wheat— May. $1007, $1400: 81.45% $14 July.. 1.47% 147% 146% Sept.. 1.48% 1.48% 1.47%

Dec... 1.51% 1.51% 1.50 Corn 3

Pre. $1. 45% Le 45% Am 1.45% 1.46 1.47%

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Sco ee pounds pounds pounds pounds

Sylvania El Pd.

Telautograph . Tenn COIP ....

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64% 33% 32% 2% 33%

613% 681%

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May July’ Sept..

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pounds pounds pounds . pounds

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Atlas Corp ..

87 87% Atlas Pdr

87%

SHEL rE I 4

1300-1500

Supposedly Anthony Eden is talk- = Ing about the post-war aviation . policy in Washington now. There are several viewpoints on this. One 4s complete freedom of the air _ which would mean flying anywhere over the world, landing and doing business. Being almost anarchy, ~ this philosophy doesn’t have many takers. Henry Wallace wants some sort of network of passenger and cargo airways financed by the united na- _ tions. and keeping our enemies out of the skies. Some say this is just international monopoly. Then ‘there are those like Clare Luce who want this country to rule the skies of the 1d. This hardly jibes with any . sort of international co-operation.

There are all sorts of complications. British airlines are subsidized {so by the government to an extent that our congress would scarcely tolerate. The British are making fighter planes whereas we are making bombers and transports. That leaves the British holding the bag

country, has just built its first loco-

axles and wheels of the “Chileanbuilt” locomotive had to be imported from U. S., however. A Britisher made a trailer which

fuel for his automobile, 1t worked but the equipment gost about $700.

stead of tin, can is being made to pack coffee. . . . Steel production will reach an all-time high in the

week, 103.5 per cent of capacity. : Association of American Railroads has stopped putting out monthly earnings reports, perhaps because railroad earnings have gone high. . . . In Ohio a survey pn that twice as many men left farms to work in city war plants as were drafted. . . . In Consolidated Aircraft’s drive against absenteeism, 700 handicapped workers set the best attendance record.

motive. Previously they were built in Germany.and U. S, Boiler plates,

converted sawdust to a gas to a

ODDS AND ENDS: A fiber, in- asic

important Pittsburgh district next|®

90% 92%

July.. Sept..

90%

92% 901%

Dec... .95%2 95% 94% 04% a Asked. b Bid. n Nominal.

CASH Wheat—No. 3 yellow hard, $1.48. Corn—No. 3 yellow, 98%c@1 00; No. 4 ic 94Y5@97%¢c; No. 5 yellow, 90% @

Soybeans—No. 3 Sev, $1. 89%; ‘No. 4 yellow, SL Sal. 67%. Oats—No. 2 white, 66%c; No. 4 white, 64%2c; No. 1 red : ial heavy, 66Y%c; No. 1 mixed heady, 65%c; No. 1 red wi

2C. Barley—Malting, Svea! oon; goon; feed, 79@90cn; 1 No. 3 malting, RL.06° 1 Provisions—Lard in store, $13.08h; Joose, $12.80b;

hard,

a Asked. Db Bid. n Nominal. WAGON WHEAT

Up today, Indianapoiis flour mills slevators paid $1.52 per bushel for No. 2 wheat (other grades on Retr merits). No. 23 white oats, 57c, and No. 3m oats, 57c; No. 3 yellow corn, 93c per and No. 3 white corn, $1.04. Masonite Corp. 3 months ended Feb. 28 net profit $256,845 or 40 cents a common share; 6 months ended Feb. 28 net profit $603,430 or 97 cents a common share.”

WHATS CEBKIN

Spies Sy

March 20, 1943

- Continued from Preceding Page

- That Rapid Pacer— duty elsewhere. ,

THAT MARINE seen pacing the corridors at St. Francis’ hospital at such a rapid gait last week was Pvt. Ray Sears, former track star and coach at Butler. . . . He became the father of a nine pound daughter, named Susan, . . . There were 495,802 No. 2 pation books issued here... . , That's 15,000 fess than the county's estimated population. « » » The National Starch Products plant out on S. Drover st. was reopened yesterday. . . . It was destroyed by fire and explosion last June. . . The Stokely Brothers canning plant which packs Type C rations ‘has received the army-navy “E’ award. . . . Henry Leonard Elfner, a foreman at the "Harvester plant, has patented a passing and " blackout light. . . . It fits in the hub of * wvehicles. . . . We're going to have a real blackout in the city and county March 28. . In the past we've only had dimouts.

* %

¥ oung Folks Helping—

THE YOUNG FOLKS are doing their part to help solve the manpower shortage ‘back home. . . . The Lions club is recruiting ‘high school youlls from 14 to 18 for the Lions Volunteer legion... . The youths will work on farms ‘this summer, helping farmers produce food. . . And out at Shortridge, the school’s’ chapter of the National ~Honor Society has gone to k ‘nelpine the reduced staff of custodians the school a good spring housecleaning. . The light company’s Ipalco chorus is ducting a hobby fair to raise funds to ace entertainments by the chorus at Ft. arrison and Camp Atterbury. . . . The ransville and Calumet areas have been ced on the mandatory 48-hour week by war manpower commission. . . . Indianlis may receive similar orders soon. . . . city has been having an exhibit of grown in its greenhouse at Garfield “a . . The plants will be set out in

fie

St.

chorus, . . .

The Spirit of

_ pledged 15 gallons

has been listed as Philippines. . .

at Great Lakes. . .

is spending a leave Mrs. R. C. Griswol

~ AND NOW, for

both her husband,

receive and “What's

proud father of

A MUNICIPAL pet shop is to be opened ntown to make it easy for folks to get from the dog pound. . . . City council § quite a debate over the plan, finally was yon over by a literary appeal penned ly for the occasion-by Mr. Indiana, Booth Tarkington . + Juvenile‘ y Judge Mark W. Rhoads has named a county welfare board. . . + On it are "J. Ransburg, ‘Roy Sahm, Arthur L. n, Mrs, Addison. J. Parry and Mrs. 1. Ransom. . . . The C. of C, threw heon at the I. A.C! this week in honor _ Walter 8, Drysdale, ‘popular Pt. , commander, who leaves soon for

day—March 2.

chunks. . * - ‘In letters, he writes, tained ‘back copies

. Weghorst, seaman the Atlantic. . . .

John P. OConnell, who was born on St. Patrick’s day, 1865,

THE FOLKS at Seymour, Ind. successfully completed their campaign to buy ~ enough extra war bonds to pay for a Douglas dive bomber in memory of Ensign

* Seymour, Ind.” . . . The

blood bank. . . . Reported missing the last 10 months, Signalman Richard Allen. Beam

Deranian, has been promoted to lieutenant,

naval medical officer who was aboard the Cruiser Chicago when it was sunk Jan. 29,

% Yr % In the Mail Bag—..

bag. . . . Mrs, Alice Jean Huse writes that

the Peru naval air station, and her brother, Lieut. Robert J. Kelleher, at Damp Shelby, enjoy - Cookin” * . . . Lieut. Kelleher became a first lieutenant and the

baby boy the same

Pfc. Herschel M. Scott, over in Africa, is catching up on the home news in big

Says his buddies enjoy reading it, too. . . Fan letters also from Corp. Don C. Alberty, now at Ft. Lawton, Wash., and William ©.

don’; forget 10 Keep your eyes open Apri 1. Entire contents copyrighted, 1943, by L. Strauss & Co., Ine.

S & C0, we. THE MANS STORE

aliing, Ro

B to the close of the Chicago market and grain

d ushel, | Bud

Aviation Corp .. Bald Loco ct... Balt & Ohio.... Balt & O pf... a

gor Bar

B E E Bel, E E 14 Ben IndLoan ‘pt 11% 3a

Best & Co ‘Beth Sites obo Bo

Borden leaf, $12.40b, and bellies,

y. Bruns-Balke Bucyrus-Erie. .

Ya lo M.. 23Ya Burl M cv pf. 55% Burl M 2% pf. 5 Burroughs ... 11% Bush Term ... 4% Butler Bros .. ar Byers A M . 11% Byron Jackson 19%

Cal Packing... Callahan Zine.

Case J 1 Caterpillar T.. Celanese Celotex

“ f Celotex pf

.. » The Rt. Rev. Msgr.

and has been pastor of’

Patrick's Catholic church 30 years, marked the golden jubilee of his ordination this week. . . . The campus ¥. M. C. A, will place in. Jordan hall a plaque bearing the names of more than 1000 Butler men and women in the armed forces. . . talent from Ft. Harrison will give a musical revue, “Khaki Capers,” at English’s April 1-3, + Therell be no knotty-legged G. IL There will be real chorus cuties - with legs worth looking at.

* ww

. Army

S eymour—

Robert Fleetwood, The Indianapolis Times reporter who was killed in a dive bomber crash. . «+ + The plane will be christened, “gpiril of

men stationed at the navy recruiting station

here have given or of blood to the Red Cross

a prisoner of war in the . Lieut. (jg) B. Nelson

. Lieut. Wait R. Griswold,

with his parents, Mr. and d, 5830 University ave.

a glimpse into the mail

Harold G. Huse, now at

one mail he received six and five of them conof “What's Cookin’.” . .

2¢, who's somewhere on So long, fellows. . . And

rie pt..

Cent Viol Sug 16 5%

| Certain-teed..

Cert-td 6 prpf 50%

Climax Moly Co 46% Colgaie PP . 14

Col & So Gol & So : pf. Col' & So 2 pf. 87% Col Se A 17% Colum Gas 3 Col Gas 6 ®t A 55% Col Gas 5 pf ..- 52 Col Pictures ... Com Creal: ess 32% Com vo 36 Com Solvents «121 Comw & 5 .e Comw & So pf. 44 Comwlth Edison

{Cong-Nairn .... 18

Cons Aircraft ..

. 4% Crane Co I i Crosley “Corp Crown Cork 23% Crown Zeller pf 89 Crucible BS . 18% vere: 8

oe . 20% Davison Chem . 1% Deere & & 00: 31Y

Deere pf . . 32 Del & Hud ses 2s 11%

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16 32% 11% 6 6Ys 26% - Va 1

& Intst DS . Jones & Lgh... 2% Kan C Sou rr Kelsey. Heyes A 15%

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Neisner New News di. N'Y Central .. NYC&StL pf..

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Norwalk T o... 4% Ohio Oil ....es + 18%

Omnibus Owens 11 Glass. 50% 50% cP

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Plywood... 32% Realty. 1081 109%

U S Smelt..... 83% 52% “18%

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Wilcox O & G.. 4 Willys Overland 10% Willys Overld pf 6% eo 34% ? 20% Pi 49% ve OY in 28% 23% 16 16 Young . 3¢% 34% Young Bhen pt. 87% 87 Young Stl 11% 11% 24% 3%

Zenith Rad .... 2¢% Zouite , Ya

HEN, 2 WORKERS FIGHT OVER PLASTIC

PITTSBURGH, March 20 (U.P). —The H. J. Heinz Co, now marnufacturing airplane parts, today held a temporary injunction over two of its employees to prevent them from disclosing a plastic-bending process to anyone else. The injunction specifically prevents the workers, Jay Ralph Wells and Robert C. Sefton, from revealing the process, and paves the way for Heinz to institute litigation to secure the rights to the patent. , The firm charged that the men, while working for the company, developed a process for bending sheets of plastic material and that they would seek patent rights for themselves. Heinz asked that the men be compelled to surrender information concerning the process, transfer patent rights to the company and pay Heinz damages growing out of delay in revealing the siod :

ORDNANCE OFFICE AT FT, WAYNE TO CLOSE

PT. WAYNE, Ind, March 20 (U P.)—The Ft. Wayne sub-offica of the Chicago ordnance district will be discontinued at the end of March, according to an announcement today by Lieut. Col. John Slezak, deputy chief, of the district. Approximately 158 government eniployees will be affected by the closing. * Col. §lezak said the ma“jority, however, were were expected to be retained on their present jobs as inspectors at war plants while ‘the remainder probably would be absorbed by the Chicago office. During its eight months’ life, the sub-office administered 258 prime contracts values at $276,163,965,

evan

BUSINESS AT A SLANCE i

gt 134] net income | &

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%2| Good and choice ....eec.es .- tA Common and cholic

Medium—

700-1100 pounds 1100-1300 pounds .

Common— 700-1100 pounds ....cssccosse [email protected] Heifers

Choice— 600- 800 A8 cossecsonsse 15.28 800-1000 Pounds esssnssssess 15.50

Good— 600- 800 pounds ..esccesscee 14. a3.

800-1100 POUNdS sesssessters 14.75 cosesssessss [email protected]

Common 500- 90 pounds ....eseesse. 11. [email protected] Cows (all weights) /

[email protected]

esesssccnes

15.78 16.00

Medium— 500- 900 pounds

(all weights) (Yearlings Excluded)

Ei, verersisssvernen 137501428

14.25 13.50 11.80} U;

Beef ocd

usage an weights) sr.vee.. 13.80 : 50@! CALVES (25)

yinlors (all weights) Soe ko ond medium. eee ommon n e Cull (75 1bs. UP) evensacs . 10. aia: .50 Feeder 5 Stocker Catdle & Calves Steers.

80 oiinds ‘sae 8 s08sbBoNe 13.500 0 > sessqencenses 8001478 |*

five sersniiee 12.50 13.50 esesssesnscne 12.5 13.50

ss ceeb0onecde 11. [email protected]

200. 800-1050 pounds

Good— 500- 800 pounds - 800-1050 pounds

Medium 500-1000 pounds Common-—— 500- 900 pounds casnensinve Calves (steers) Good and Choice— 500 pounds down Medium 500 pounds’ ‘down’ Calves (heifers) Codd and Shoies-. 500 pounds d

Medium: # 500 pounds AOWR cee.oesnssns [email protected]

SHEEP AND LAMBS (0) Ewes (shorn)

. 12.00013.90 1

1.50

9.00 7.50

[email protected] .s [email protected] cesses [email protected]

Lambs (Sharm) [email protected] Good and choice 221 18.50

Medium and good deransnsens 14.

12. [email protected]| 5. Yearlin Wathers Good a and choice ag soeee 3 5

Good to choice esa

Medium and good. -.s...

14.50 13.25

: PLEDGES FARMERS ENOUGH GASOLINE:

WASHINGTON, March 20 (U.P). —Director Joseph B. Eastman of the office of defense transportation sald today farmers may schedule their 1943 crops with the assurance that they will be able to obtain sufficient gasoline for all necessary truck operations. “The ODT mileage control prob-|¢ lem for commercial motor vehicles is completely flexible,” he said. «“parmers may request adjustment of their certificates of‘ war necessity whenever changing conditions warrant.” Requests for gasoline, load or mileage adjustment should be made tojthe farm transportation committees of the U. 8. D, A. county war boards. If a farmer’s allotment is still insufficient, he may "appeal through his farm transportation committee to his. ODT district office or directly to a district office. “No farmer need restrict his 1943 acreage bécause the present gasoline mileage allotments on his certificate are insufficient for an expansion in his operations,” Eastman said.

HUPP PLANT LEASED BY U. S. RUBBER CO.

NEW YORK, March 20 (U. P.).— nited States Rubber Co. Fr jeased factory space from the Hupp Motor Co. in Detroit for the production of ‘tank treads for U, 8. army light and medium tanks.® Much of the Hupp space, com=-

house, already has been converted and parts for the tanks are being produced in volume, U. S. Rubber announced. ; When fully converted, it added, the plant will become a major production unity in the company’s war program.

ie veeenesss [email protected]] 12

cersssees [email protected]| LE

prising four buildings and a power(

vesessnsnes [email protected]| D2

Chicago Stocks

High Low Close ones Armour & Co..

os AY, Athey Tr Whl.. 5% Belmont Radio . 7% Brown F&W ... 27% CentIlIPS 6 pf. 81 tag Ut TL Consum 4 ....e Decker & C ‘pf. os Goldblatt Bes . 5%

2.00 | Hou 1180 Leath Ci

[apes Cons “sae [cCord Rad A.. 16 [idland United. 1-18 filler & ant. vo. 15% Ye

« 37 W Ut 7 pf... 15% Paramt Pic ). 22% Pullman (u) ... 32 Republic St a). ‘16 United ean Lines 2%

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LOCAL ISSUES |

Nominal quotation unit of a Na fiuota s jurnished Lg

Agents "Pin c

4.50 | Agents Fin 53;

Bobs Afersl Ee o% Bld. RIE : 82 Bobbs-Merrill 4 specs Circle Theater Hol pia a0

Hi «+ [email protected] I d A

il rvaret 14%. a Rims, INC. COM verones Water pf jt%

91%, % pid ... Li 104

cesses 12 6% 99% 24%

N Ind Pub Ser N Ind Pub Serv P R Mallory com Progress Laundr; Pub Serv of Ind 5% 5% td. Sa Ga 43 pia. Stoke! p Uniti Van & Tile com. i an camp PD amp Milk com

sees secsesee

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5% rerrerer 200000000000 FHA More, 18

Bonds Algers Wins'w W RR 4%%... 99 merican Loan 5s 51 96 AmeHican Loan 5s 46 esss 99 Cent “Com Bldg 4%s 42-51 ... 99 Ch of Cons oo 128 51... 1g | Citizens In 61 e.nsied Consol Fin whi go Ind Asso Tel Co 3s . epaad ..105 rs Indpls P & L 3%s 7 5: 107% Indpls Railways Co 5 gi seve WT 4 Indpls Water Co 3%s 6 06 Kokomo Water works. %5 58 .104 Kuhner Packing Co 4%s 49... 98 Stores 5s 50 .

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Richmond Water Wks 5s 57...105 Trac Term Corp 5s §7 sEx-dividen

109 R 109 101 seston ‘sa

U. S. STATEMENT

WASHINGTON, March 20 (U. P.).—Gove ernment expenses and receipts for the current fiscal year through March 18, compared with 2 year =

This st Year Expenses ,239, 943 4 7s i633, 951, 3 War spending. $35 056,148,57 ’ 0,438,048 Receipts .. 12,176,847 725 1762 aa0.015 Nn Net deficit ... 40,050,007,199 11,079,929,118.} Cash balance. 4,547 3,110,378,008 Working bal. 2 Public debt .. 87,706,583, Gold reserve . 22, 609,751, 22,686,866,660 INDIANAPOLIS CLEARING HOUSE Today Clearings sens esersersensenssdd S808 Debits «.ovvsoersensessssssssnses 19,816,000 This Week Clearings essen ceesssses $2,878,000 3 Debits iidnasera reves 1BL504,000. 0

LOCAL PRODUCE _

Heavy breed hens, 3% Ibs. d over 26tc; 3% bs. and under, 23%; Leghorn,

Broilers under 8 Ibs., colored and Barred and White Rock, 27%e. colored and

Fryer, ibs. and Be Barred ‘White Rock, 29c. Stags Leghorns, 31c; heavy breed, 22¢; COCKS,

6 Graded Begs—Grade 4 large ge, Joo; grade

grade, 28c. gauier No. 1, 50c. Butterfat—No. 1, 9c; 0. 3, 46c,

ER RR FOREIGN EXCHANGE

NEW YORK, March 20 (U. P.) Pal. lowing are noon Savie Ia rates on Balor $02. Canada (dollar), = 90 Cubs

90 1-16e; - el $1; Mexico (peso), 20.70c.

DELCO-REMY RADIO PLANT SAFETY CITED