Indianapolis Times, Indianapolis, Marion County, 29 May 1943 — Page 4

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: ers in order to prevent the compulsory 48-hour week here,

: / dollars which would make |

Indianapolis Workers in the Next Five Months

By ROGER BUDROW

INDIANAPOLIS MUST

‘the Chamber of Commerce is

The city’s share of war contracts has been going up (al-

hough the WPB does |

ot giv the labor supply i also, further war contracts may ~ be curfailed and the 48-hour week imposed.

“The city is in what the man- ~ power commission calls iol two, ~ which means that there is expected 30 be just. enough labor here. for another six months. We were put in t category cee protests of the Chamber of Commerce, the Indianapolis area war manpower| commission and the local U. employment |service. i Under this classification, no waf 3: Mr. Budrow orders can be given to plants here (except those having “continuing” contracts) unless such orders can be completed \ in six months. Sh

~The Chamber of Commerce recOgnizes that the additional workers needed must come from right # hee in the city or nearby. The . WMC has estimated that in the next five months our plants will need 25,000 more workers to ‘add to ‘their force and to replace those drafted. . Our normal reservoir lis sed and it is believed that 15,000 who live ‘out of town are working here “also. Obviously, then, women are going to have to do the work.

- At the first of this year a survey : showed that 32,700 of the 1105,000 workers here were women, | many . Who never worked before. It is believed that from. 60 per i to

75 per cent of the 25,000 more Workers needed in the next few months will have to be women. Sy : ® a» 8 - EDSEL FORD reputedly owned Jhaif the stock in Ford Motor Co., largest family-owned enterprise ‘in the world. Two ‘and one-half Years ago the company’s stock was valued at around 700 million dsel Ford’s share worth roughly 350

Some believe the Fords have put - away enough money to take! care

Needs 25,000 More

FIND THOUSANDS of workwarning its members.

e out exact figures) and unless

and thus it may not be necessary for them to sell their stock publicly to rajse tax funds. » ” ”

CINCINNATI is going after the problem of absenteeism with highpressure adyertising and a promotion campaign. The 8-week drive will cost between $25,000 and $30,000, centers about the slogan “Stay on the job for victory.” J] ” » THE CHAMBER OF COMMERCE here made a survey recently and found that: Of 715 industiral plants (not counting small food and printing establishments employing 25 or less) 422 are in some kind of war work. 2 Of these 422, 161 are work 100%. ’ Three-fourths of the 107,000 workers in the 715 plants are doing war work. ” » ”

ODDS AND ENDS: Fisher Body division of G. M. is using four times as many subcontractors on war work as during peace-time . . . Indianapolis department store sales last week were 34% over a year ago, best of the major Midwest cities. Hail has damaged melon plants in the Decker, Ind. area and onions were damaged in northern Indiana by flood conditions. . . . Among Remington Arms Co.'s subcontractors is a former mouse trap maker, now manufacturing bullet cores. . . . Glenn I,. Martin Co.'s giant flying boat Mars has been converted to a cargo carrier, passed early tests. . . Magnesium production is being slowed (for the time being) because more is turned out than needed; Dow's sea-water plant in Texas was ordered to cut back 25%.

LOCAL PRODUCE

gaavy breed hens, 24%¢; Leghorn hens, YaC Broilers, fryers and roasters, under § lbs., 27%ec. oid roosters, 16ec. zoe mCurrent receipts, 54 lbs. and up,

Me ado Eggs—Grade A large, 37c; grade A medium, 35c; grade A small, 26¢; no

in war

Butter—nNo.

t « | special heavy 67Y4@67Yzc.

RYE CLIMBS TO

Rise Influenced by Belief That Loan Price Will Be Increased.

‘futures climbed to new six-year highs on the Board of Trade today influenced by a belief that an increase in the rye loan price will be announced. early next week. Other grains scored major gains. Ld Rye finished the day up 2% to

3, oats up % to 1% and corn unchanged. Trade circles looked for a 7s cent a bushel loan rate on rye, or a 15 cent increase over last year. This factor turned the market bullish and prices ‘rose more than 2 cents a bushel, gains amounting to 27 cents since last November.

RANGE Wheat— High $1.45 1.45%

1.46%

Open July. .$1.43% Sept.. 1.44 Dec... 1.45%

Corn—

July.. 1.05b Sept. 1.05b Dec.. 1.05b

Oats—/ July.. .63% Sept. .613 Dec... .62% Rye-— July.. 93% Sept.. .95%.

Dec... .98%

Low Close $1.43% $1.44% 1.44Y, 1.43% 1.44%

1. 11% 2.45% 1.4 Y. on Te

.96 98 1.00%,

a Asked. b Bid.

CA Wheat—No sales

. 1 w nite, 67%c; 0..1 red Rye—No sales. Barley—Malting 90c@$1.07 nominal; hard 89@90c nominal; feed, 80@85¢ nominal. Cash Provisions—Lard in store $13.80 bid, loos 15,00 bid, leaf $12.40 bid, and bellies

+ LOCAL GRAIN

Wheat—Firm;

H receipts, 28 cars; No. 1 red,

[email protected]; No. 2 red, $1.59@1. 60; No.

Son stents: receipts, "7 cars; No. 2 yellow, [email protected]; No. 3 yellow, 98c@ $1.00%%; white corn, 13% @15 %c over yellow; mixed corn same as yellow. Oats—Firm; receipts, 1 car; No. 2 white, 6612 @67c; No. 2 red, 6 @67Tc Soybeans—Nominal: receipts, 8 cars; Indiana and Illinois No. 2, $1.71}

WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.65 per bushel for No. 1 red wheat (other grades on their merits), No. 2 white qats, 60c, and No. 2 red cats, 60c; No. 3 llow shelled corn, 97c per bushel, and No. 2 white shelled corn, $1.16.

Dresser Mfg. Co. and consolidated subsidiaries 6 months ended April 30 net profit $1,280,346 or $3.82 a share (€

of the enormous inheritance taxes

i 1

grade, 3lc. oF 50c. Butterfat—No. 1, 49c; No. 2,

vs. $543,297 or. $1.62 year ago.

-— GEE oes aes ome Es -— Cnn smn men Gem Eee GES Sms Gees own — son Gon Em Cows Swan GEE EE—

I . 1

Page 2.

WHATS CEBKIN

May 29, 1943

| Y

Str Hats Are Here—

. Now THAT we're havin ‘weather, straw hats are beginning to forth. . . . Mrs. Norma Koster h

named supervisor of all activities at play-

grounds and community centers. . ~ Boys Club summer camp will open with Harry Gorman as director. . former governor, M. Clifford Townse is serving as a special representative Food Administrator Chester Davis in

ae ‘a streamlined national food program.

* % % | Our Service Dept.——

SEVERAL HOME town boys have been decorated for heroic deeds in action. . . . Pvt. John N. Robinson (1462 Central ave.) _geceived the silver star for attacking and

helping a nest Japs. . Sgt. H Leffew

Oxford) has

both t

medal and the coveted oak

leaf. .

hd bombing exploits. .. . pd also has an air m

vile

Hats off to you fellows. . .

‘Ernest Darl Hartman, home town war ace,

is on his way home from Africa

pilots in aerial combat. . . . He has four

medals. . . . Lt. Col Arthur C.

(1669 E. 89th) is home on leaye after more

than a year in the Aleutians. . . .

g some warm

| got them . |S. Sgt. Carlyle C. . Over in Guinea, Lt: Bernard Cederholm and ~Max Eastus have received the DFC.

Continued From Preceding Page

What's Cookin’ in Soria

OUR INDIANS blossom guns. . . as been by taking two out «+The: Paul and makin June 21 Our nd, now of War

execut-

fourth straight of

end. . . . Anderson

a pitcher.

destroy of 100 RE erman (225 N.

‘to win the state tourney. . . . A

week, . .

he air

He for

. Pfc. Harry Miss.,

. Capt. Ho Grenada,

to train 4000 miles. . . Newkirk like about it is ‘that “What's Cookin’ ”

Three ° .

local cadets have been graduated from West

feiia so They are James R.

Thomas,

bert A. Hershberger and Richard C.

Stickney Jr. . . . Recent promotions

include:

George M. Hoster, Allen Carroll and Homer

E. Shields, to major; E. J. (Pennsy railroad) to captain.

: : Cf fr KX | ity Hall Annex?— |

E. O. SNETHEN, attorney, has suggested that the city buy the Castle Hall building, st., as an annex to city hall. . . .

t would have' room for well as some city offices. . .

rey E. Jacobs and Cpl. Harry E Bailey ‘the police tfafic bureau have been duated from the Northwestern university

s institute. . . . Capt. Jacobs

q ment of one-way streets here after | The city is ng the work of repairing .chuckholes.

war, to speed traffic. . . .

. Repair crews are working 10 to make up for time lost during

her. . . . The State Life Insurance Co. purchased the four-story Reserve Loan g at 429 N. ‘Pennsylvania st. and plans to move to the new site. HEH

“A. Marott bought the «lub property for $77,000 at

. He held a second mortgage

Finnegan

Central of Ft. Wayne third. .- . . Harrell’s I. U. baseball ‘team is looking for . « «. He has only eight 4 left on the team and needs a ninth. Glenn Sears covered Hillcrest course in 83

that in four months in the army, his mileage amounts to about . The only thing he doesn’t

have been going great

. They've tightened their clutcn on first place in the A. A. since last week.

of three games with St.

g it three ~~ A = Ny

Paul

straight against Minneapolis. Johnny Hutchings won his

the season

when he blanked the Millers, 4 to 0, Thursday night. . . Burris of Muncie won ‘the 40th annual Indiana interscholastic track meet at Tech last week-

was second,

layers

seniors ‘golf association couple of our feminine

softball pitchers registered no-hit games this . One was Martha Caskey of the: Pepsi-Cola girls. . . Neihouse with the R. C. A. team. . . Johnson, assistant basketball coach at I. U., has been commissioned a naval ensign, reports at €hapel Hill, N. C,, July 1.

. The other was Helen . . Bill

* %

In the Mail Bag—-

AND NOW for a peek into the mail oo,

E. Kraeszig writes from

it takes several weeks for to catch up with him,

. Lt. Bob O'Donnell, graduate from the

field artillery school afb Ft. Sill, Okla. has been visiting his wife (Pat) and parents (Mr. and Mrs. T. J. O'Donnell, 4628 Central), . . . He worked

_at Lilly's. . . . Sgt. Jack

10-pound rock in juvenile. gas mask, and th

. Capt. Cookin’ ” gets pats

predicts

Ind. . . . He'll be

hours a . the wet

. During their get loaned: his file of

Hoosier Scott. . .

sheriff's A is enjoying “What's

drill. . . . Just good clean fun. . . .

Mr. and Mrs. J. F.

J. Heimlick,~now at Camp White, Ore., is getting so used to hiking with a mule’s load that he went

10 miles before discovering a pal had loaded

his field pack. . . . He

got even by putting black pepper in his pal’s

en arranging gas mask “What's on the back in letters

from Paul Weakley (525 Westfield Blvd.), who's somewhere in Australia, and from Pfc. Charles Mallory (6137 Ralston), California. . . . Birthday greetings to Wayne Baldwin, carpenter’s mate 3-c, of Fulton,

now in

39 June 4th. . . . Also

bon voyage... . . Lt. Ted Sweeney, U. 8S. N,, son of Clarence Sweeney, 4440 Central, had dinner with Lt. Gene Scott, son of Elmer Scott, 2002 N. Alabama, aboard ship. . . .

-together, Lt. Sweeney “What's Cookin’” to Lt.

. Corp. Joseph P. Zimmer, son of

Zimmer (628 N. Rural) Cookin’ ” over in Tunisia,

«iv +80 long, fellows.

Entire contents copyrighted, 1043, L ‘Strauss a Co., Ine.

HE »

STORE

SIX-YEAR HIGHS

CHICAGO, May 29 (U. P.)—Rye| A

2% cents a bushel; wheat up % to] A

.| Chic Gt W Ry.

'| Cons

_{Du Pont

FINAL NEW YORK STOCKS

. Net Hig Low Close Change r & Strauss 3! Air ups i Alaska Corp. TP. : Al Cp pf Xw.. 21% Alesh Lud Sti 28% Allen Indust .. 11% Allied Chem ..16 Allied Mills ... 25% Allied Stores .. Allis-Chal ‘anda

Ya % 6% % 2% 4, Ya 1 Ya Y;

Ya Ya Ys Ya

Yo Ya

Bank Note: 16 Bosch .... 9% Br Bhoe - 40 Cable&R

A . Am Distill Co. Am&FPWr -.... Am&FPw $7 pf 19% Am&FPwr 2 pf 22%

AS Cop» Austin Nich ... Aust Nich pr A.

. {Aviation Corp.. 4

Bald Loco ct .. Balt & Ohio ... Balt & o BL. Bangor Barber & phalt. Barker Bros ... arnsdall ath Ir Wks... Bell Aircraft.. Bendix Avn .... 39 Best Foods .... Best & Co Beth Steel 's Beth Steel 7 pf .119 Bigelow San ... 35% Black & Decker. Boeing Air Bon Ami B .... :

Bucyrus-E Budd Mfg .... Budd Whi ..... Buff ‘Forge .... Burl M 2 Burroughs .... Bush Term .

1 hard, [email protected]; No. 2 hard, $1.40@ Bush T

Butler Bros ... Butte C & Z .. Byers AM .... 17 Byers pf ..

17% 807% Cal Pack 2% Cal H Campbell Wy ..

Canada Dry ... Can Pac

P Oajerpiiar Tw Cela 1

Chic E Nl A... Va 6% Chi Mail Order 12% CRI&PT1TpL 2%

Chiskasha C..

Climax Moly Co 44, f.. 11%, 4% Col Gas 6 pf ‘A 66%, Col Gas 5 pf .. 59 Col Pictures ... 17% Col Carbon ... 93 Com Credit ... 40% Com Inv Tr ... 44 Com Solvents .. 1473 Comw & So pf. 59% Comw Edison .. 24% Conde Nast ... 10% 23%

Cong Nain sees Cons Cigar 23 Cons Cig pr “pf. 103% Cons Copperm 53% ison . 20% Edison pf 97% Edison pf 97% Film pf.. 18% 18 Laundries. 3% 3% 18%s 18 25% 15

64 98 227% 107% 345g 14% 41% 6% 35% 13% Copweld Stl pt. 48% 48% Corn Prod . 60% 60% 60% Corn Prod pt’ y 178m 184 Coty Inter 2V 2Ya Crane Co .... 20 Crane Co evpt. 106% 106% Crosley Corp .. 21's 21% Crown Cork .. Ye 29% Crown Zeller . 5 Crown Zel pf. Crucible St ... Crucible pf ... Cub-Am Sug . Cudahy Curtis Pub .... Curtiss-Wr Curtiss-Wr A . Cutler-Hamn ...

59% 23% 10 23% 23% 103%2 V2 20% 9TVa 97V,

Cons Cons Cons Cons Cons Cons

Container

Cont-Dia F ...

¥ %

Davison Chem.

Det Edison . Dev & R A.. Dist Seag Dixie Cup A. ¢ Dome Mines ... 2

Dresser Mfg ... Dunhill Duplan Cp .

rrr *

4 we we ant + + + +

11t2 156%

East Air Hines. 38Y4 East R Mill . 8%

|Eaton Mfg .... ’ 41

Edison Bros .. Elec Auto-L ....

Erie pf A ....., Eureka Vac .... Evans Prod . Ex-Cell-O

! Fair, The

Fed Dep 8. Ferro Enamel. . Fid' Phen .... Firestone T...

Follanshee

pf. Francisco Sug.. 10 Preept-Suiphur . 38 36% Frue 28%, Fruehauf-T pf.104

Gair Robt ..... 3% Gar Wood Ind. 8 Gen A Inv pf.105 Gen Am Tr.... 50 Gen Gen Gen en en

| Gen

Gen 2% g "GE TE 3 “pt in Motors .., 53 Gon t Ad A Gen Gen. P Gen Gen Gen Gen Gen R

2 High, 108 ...ivirinriinias

| Year Age ...

+ | Lehigh V C pf 8¢

. Marine Mid .. 83 6

3 Granite 35 | Gt North pf..

a Greyhd 5% pf.

5% | Harb-Walk ....

| Int Hyd

*|Johns-Man ....

2 | Kinney

a ard. A Lorillard PL.

% | Motor Whi

Ya Mulime 1 Yo! Murmay 1.

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS 142.08 essensscsnees . JEL1S secsavsncesss 156.78 .136.20 . Holiday 141.18

+088 40.38 -0.12 +0.52

Today ... Yesterday Week Ago ... Month Age ... sregevernences Year Ago ...

sees sssnsesssenan

sssssseTiesen,. Today + 0.26 Yesterday Week Ago ...

Taresssrerasanss evs 3.008 ssssenssensse res 36.45 Month AZO .cccovssacessesc. 55.84 Yerr Ago ...Heliday High, 1943 ....cevvevevsccase Low, 1943 .

-—0.07 +0.28

« 20.25 seeseescsssessees 19.70 .Hbliday asssssessessersiee 90.53

crssgebaranere cies 14.60 Az

High, 1943 Low, 1043

15 MOST ACTIVE STOCKS

Sales Net (In 100s) High Low Close Change Radio-Keith .622 0% 8% 9% + 1 Com & Co ..384 1 1 1 seas Inti T&T ..148 16 15% 16 + % Radio Cp ....131 12% 12 12% + % Seabd Airl ...125 13% 1% 13% .. Atlas Corp ..102 1334 123; 133,47 + Cont Bake .. 98 11% 10% 11 Tex PLT .. 9 12% 113% 12% Sine Oil . 94 11 105% 11 Nash-Kelv ... 91 1215 12 12% 18% 17% 183% Th TW TY 5% 6 2% 2% 6's 6%

1% 1a Ya % 1% 2m & F PW.. 83

2% 6%

Lehigh VC .. 8

I % 3 Alaska J G .. 76 3%

i: +A

* High - La . 3%

Gt or ¢ i. eee Tou - 5%

20%

Low 3 3 Ya

Clase Cha Gotham Hos 8 Goth Hos pL.’ Granite © 81. pl

Grant Green H L.. Greyhound Cp. Grum Air E.... Guapt Sug -. 4% Guant Sug pf “143% Sut Mob & O 9% GM & Oh pf. 30%

“| EE

«ee 16%2 17% Va

Hall Print .

Hat Corp A Hayes Ind Hayes Mfg .. Hazel At Gi.

Holland: Furn.. Holly Sug Homestake .... 3 Houd-Her A

PLE]

| « p_.

usehd F Fousehd F pf...108 Houston Oil ...* Hud Man .. 23% Hud Bay M & S 26% Hudson Motor.. 9% Hupp Motor ...

Jem pf . Intercon Rub.. Interlake Ir ... Int Harvester.. Int Harv

Int M Marine.. 127% Tnt Min & Chem 13% Int Mining ... Int Nickel

+H A

ype Island Cr Coal in

1 wy a 29%

58% Jones & Lgh Jones & L pt A ane Jones L pt B 8%

Kan C Sou ... 9% Kayser Jul, ... 143% Kelsey-Hayes A 23 Kelsey-Hayes B 15% Kennecott i

Jarvis Co Jewel Tea

ETT i

Kresge 8 8 ...

H+ +++ »-

FERRER

ltt:

Life Savers .

: “+

ee =

Link Belt . 7 38 Lian ol Ref.” 18% Liq C 20% Lockhd Dealt 22% Loew

PEt re, SREEE

FER

MacAn Mack

Macy Magus agma we Manati 8: es Mara ue Marine 3 Mid Mkt Marshall Rg i Martin (Gl) .. 23%

artin Parry .. 5% asonite Cp .. - %

SESE

Dib br dE

5% ‘pf, 15% 15%

y —

meas ww a essa Es

20% llan St .. 11% Mend 9 . M Me: M Mes

+: ++ ltt]:

. .

Midl 8 Midl . stl yr Minn-Moline. Mission Cp .... Mo-K Tex ..... Mo-K Tex pf.. Mohawk <p - . Monsanto Mont Ward . Mor & Ess 20 Motor Prod .... 1

Mueller Br ... Mullins Mee B. Mullins pf

Ea rE SE EES EES Ho

v .

FEE FET

FHF HE " , 3

Pager

FF EES SEFRERSEEE § ee a sees So

Dd LE

4 | =

34d

4 Ya ] Pac Coast 2 pt. 24

<4.0.02 |

pio

ABT AV , | Sears Feb | % el Inc

J | Std Stl Spb . . Ya|Sterl Drug ...

SEs

s High Omnibus Coll.. 10 El 20%

12% «11

‘Am Fish.. Pac Coast

G&El Pacific Mills 9 Pac Tin Cons. 5% Pac West Oil..-15 Packard

Panhandle . Paramt Pict .. Parke Davis...

Parmelee

Pepsi-Cola . Marquette 15 v t pf... 40%

Philco Corp ... Phil Morris ... Phillips Pet ... 49% Pitts Coal ..... n Coal pf.. Cc Sa

& I.. Forgings. . Ma Se B..

Postal Tel pt.. Press Stl Car.. 13% Press Stl 2 pf.. Procter & G . Proct = G pt. 117% Pub Ser 16 Pub Ser Ys pf. Pup Ser 5 pf

Pure O 5 pf.. Pure O 6 pf.

Purity Bak ad 19%

Reading Reading 1 pf.... Reis 1 pf 50 Rem Rand ....

Ya Ren & Sarat.

Republic stl. Revere . Cop.. Revere Sl

% |Beyn LRM ou ev oi

Reyn Spring. . Reyn Tob B . Richfield Oil . Ruberoid .. Rustless I & St

St L-S Fran pt. Savage Ams. Shenley Dist .

Seab’d an IL pf 3% Sea 31% % Tve 15Ys Sharon sti pf... 653; Sharp & D .... 13% 251, 4Y, 3

Shell Un Oil.... Silver King .... Simmons ....... Skelly a a Skel 41% Siose-sheicid N32 Smith .

20 Por R sug. . Cal Ed 2%s Soutn Nat Gas. 13 8 h P. 39%

. 38% . 56% 447, 8% 63% Stew-War ..... 14 Br

Tide W Oil. 14 T Ww A oit rt .103% Timk-D . 33 Timken Rr 8 Transamerica .

Trans & W Air 2 Tri-Cont

Twin Coach ..

+| Und Ell Pish ..

Union BE & P.. Union Carb ... Un Oil Cal ... Un ifie .... Un Pac pf .... Un Un Aircraft .. Aire Po Un Air Li Ca

Pf sys «x 1195 Walter H-G&W 1% Walworth ..... 8% Ward Bak A .. 13 yard Bak B Jard Bak pf . Varner Bros. . Varner Br pf.: Wash Gas Lt.. 21

Willys Overld T% Willys Over pf. 13% Wilson & Co . T%

Pe. Young S&W . Young Stl Dr.

Zenith Rad

14% 15%

08 19%

14 15%

Net Tiose Change

20% —

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BRISK LABOR « PARTY HAS PLAN

% Document Covers Virtually

A CopynghL, 1943, by The Indianapolis Times

35 | faith. Hailed by labor's official or-

* “bold and uncompromising docu-

1, Was presented in the form of a re-

All Aspects of the Post-War Era.

By VICTOR GORDON LENNOX

and The Chicago Daily News, Inc. LONDON, May 29.—In a document covering every aspect of postwar affairs and setting out the socialist view of principles which should govern the direction of British affairs, the Labor party yeSter-] day published its declaration of

gan, the London Daily Herald, as a ment,” this latest socialist program

port from the national executive committee of the party to the impending annual party conference (June 14-18).

Seen As Moderate

Despite the Herald's introduction, the new program appears notably | more moderate than its predecessors. Here are the main proposals for! the home front: 1. Maintenance of an adequate

sources. | id 2. The Beveridge social security scheme should be prepared for op-

| eration after the war and should

include comprehensive health and hospitalization aspects with special aid for mothers. In this connection, the party drops its earlier demand for immediate adoption of the plan in toto and admits that it requires © further examination and amendment.

Advocate Rehousing

3. Rehousing, already contem-

Nationalization of the nation’s land is now put in the background but remains the ultimate socialist aim. 4, Educational standards to be

and school-leaving age should be raised to 15 after the war and to 16 within the following three years: Not specifying which industries

2lare in mind, it declares for early

measures to secure public ownership and control of certain public service industries which have grown

up on monopolistic lines. A :

: BAKERY LABELING

ORDER WITHDRAWN

A provision that bakers must print the words “ceiling price” as

«| well as the actual price figures on

wrappers on cake, pie, doughnuts and sweet yeast raised products

» | yesterday was withdrawn by the B OPA before it actually had been | put i

effect. The revocation is effective, June 2. A major factor in revocation of the “ceiling price” printing provision was the fact that new plates for labeling require a .substantial amount of vital metal. The labels |N on the wrappers customarily carry

3 the price itself.

While the regulation originally

+icalled for the change in the label-

ing of the wrappers, it had not gone into effect because bakers were per® mitted to use up stocks of wrappers which they had on hand. Where bakers have had the new plates made, they may use them if

they desire to do so. 3a

ELECTS OFFICERS

A resolution condemning national rent regulations and urging powers for local rent directors to correct “injustices” was adopted by the Savings & Loan League of Indiana at its annual meting yesterday at the Severin hotel. : George E. Hayes, Marion, was elected president ‘of the association to succeed E. W. Springér of Indianapolis. Other officers named

| were Arthur W. Allen, Washing-

ton, first vice president; Thomas S. Gozdecki, East Chicago, second vice president, and Ivan E. Cooprider, Indianapolis, secretary and treasurer.

HOOSIERS NAMED TO * GLASS COMMITTEE

Two Indiana men were appointed today as members of a national industry advisory committee to rep-

according to an announcement of the OPA. They dare James M. Foster of the Foster-Forbes Glass Co., Marion, and Fred J. Petty, Ball Brothers Co., Muncie. The committee of 16 industry representatives will co-operate with OPA’ in study of the industry's

pricing problems. a

U. S. STATEMENT

WASHINGTON, May 29 (U. P.).—Government expenses ahd receipts for the current fiscal year through May 27, compared with a year, Ro

Last ¥ Expehses $88,711 TIT, 354 463 $27 554,080, 369 991 21. 600

Wor spending 2 Receipts . 11,629, 206.601 10,24 6,840,23 Net deficit ... 51,084,490 17, 213,978, 333 Cash balan 083,154,

.183,007,908,481 2,983, Working bal, 12,245,258,225 wi 23L, 246, 8 7, 712,185,061

Public debt ..139,588,328,802 Gold reserve . 23,435,654,780 INDIANAPOLIS CLEARING HOUSE Today Clearings ............. nah eae wis $ 5,920,000 Debits Cte rset eh net cose 15,071,000 This Week Clearings ..........-s cievirionsa $28,321,000

FOREIGN EXCHANGE

NEW YORK, May 29 (U. P.) rrRallowing are noon cable rates on major curren: land (pound), $4.02; Canada (dol 90 3-16¢; Saba (peso), $1904; aaa (peso), 20.70c.

JUNE AUTO QUOTA 1s SET

Indiana's quota of a as

STATE LOAN LEAGUE

| Int Petrol

equalized for rich and poor alike v

resent the glass container industry, K

aor ionday |

All major security and commodity markets and banks will be closed Monday, May 31, in observance of Memorial day. A few produce markets and live stock yards, including the In dianapolis stockyards, will be open for business. The Chicago mercantile exchange will be closed today as well as Monday. The London stock exchange and other markets will operate as usual on Monday.

Curb Stocks

Net High Low Close Change Alum Co Am..114 114 114 10 10%

Brewster Aero.. Buff NEP pf.. Callite Tung... Cities Serv ... Cities Se 6 p 96% Col F & wts. 3V Creole bet ae ad Eagle Pichr L. -13%a Ea Gas & Fuel.

[+4444

Fairchild Av .. Va Fairchild E & A 2% Gulf Oil Hollinger Humble Oil ... Insur No Am..

Irving Air .... Kingston Prod . | Kirby Petrol ... | Lake Sh Me .... 12 Lehigh C&N.

standard of life for all citizens as Lone Star G ... the first charge on the national re- ia L & 5 sh 41,

Merritt C&S . S P A vtec hy City Copp Nat Bellas Hess 1% Nat Fuel G .. . 11% . 12

Va 6Ya 2%

Sa 7%

4% 15%

Niles- Bement No St Pwr A. Pennroad .. Fenn Cent Air. Phoenix Sec .. . 21% Pioneer Gold ... 13% klah N Gas . 19 Pantepec Oil V 57% Puget So 5 pf .1123% Puget So 6 pf . 68 Rep Avan .... 4% St Regis Paper. 33s Segal Lock .... 1's Sel Ind

5 | plated, should be adopted under a. Su Oo K % plan covering the entire country.

Taggart Cp RS Technicolor ....

A ..11-16 . 47% 5%

3 1% 5% 3s

Venez Pet West V Coal .. Wright Harg ..

Ch icago

High

Anaconda (u).. 1% Atchison (u) .. 5% Barlow A.. 38% Bastian-Bless .. 7% Belden Mfg ... 65 Belmont R .... 5% Brown F&W A. 87% Castle A M 9% Cent I PS 6 pt. 1's Cent I Sec .... 4 Cherry-Burrell. Ch C& CR

Cc . Ch Towel pf .. Consol Oil .... Consum B .... 23 Dixie-V A Hall Printing .. Heileman Brew. Hormell & Co.

S tocks

Net Low Close Change 1% + % + Ya + 3% + Ya + Ts

Lindsay Lt pf. Liquid Carb ... Marshall Field. Merch & Mf pf Mickel Food . Midland United Nash-Kelv (u). No'west Airl .. No W Ut 7 pf.. o WU?1pr In Oklah G&E 7 pf 11 Perfect Circle,

LIFT

sear Ses

E58

Potter Co ... Rollins Hos

8 W Gas & 8 1034 Stan Oil NJ (u) 42% Stewart-War .. 4% Trane Co Union Carb ... U 8 Steel ....

Sean

THEE

31%

LOCAL ISSUES

Nominal quotations furnished by Indie anapolis securities dealers. Bid Asked Agents Fin Corp com ........ 1% ... Agents Fin Corp pfd ......... 20 vai Belt R Stk Yds com ........ 41%2 45% Belt R Stk Yds 6% pfd ..... 53 ae Bobhbs-Merrill com .. | Bobbs-Merrill 4%2% pfd . Circle Theater com Comwlth Loan 5% pid Hook Dru ne Co com Home T&T Ft Wayne 7% ri. a Ind Asso Tel 5% pid . Ind & Mich 7%

sesesse

Indpls Rlwys Inc com’ . Indpls Water pf vend *Indpls Water Class A com .. Lincoln Loan Co 5% pfd 88 Laeln Nat Life Ins com.... 3

N Ind Pub Serv 7% pfd *P R Mallory com Progress Laundry com . *Pub Serv of Ind 5% pid. °Pub Serv of Ind com .. So Ind G & E 48 pfd .. Stokely Bios or 2 nA United Tel C: So 3% » ees Union Title ¢ Van Camp Milk | pid. vesssnses BB Van Camp Milk com ........ 13

Bonds 1

Algers Wins'w W RR 4%%... 99 American Loan 5s 51 ... . 9M American Loan 5s 46 Cent Newspaper 4%s 43-51 Ch of Com Bids Co 4%s Bl. 8 Citizens Ind Tel 4%s 61 ......103 Consol Fin 6s 60 ....... ceses

109 % 80

101 101 Muncie Water Works 5s 66. ...108 “ue N Ind Pub Serv .3%s 69.......107% 4

Richmond Water Wks 5s 57... ain Trac Term Corp 5s 57 U. 8. Machine Corp. 5s 53..... . 98 “Bx dividend.

SHOE RATION CHECK PROCEDURE REVISED

The OPA yesterday announced that, éffective June 2, shoe dealers may return shoes to the suppliers from whom the shoes were pur‘chased without first getting a ration check for them if proper ration 6| credit is given by the supplier. This' change in procedure was made since many retailers have adopted the practice of keeping a ration credit balance on fey. with. their suppliers. .

Electio Auto-Lite Co. and subsidiaries quarter ended March 31 net profit $1,228,220 or $1.03 a share vs.

revised $1,123,284 or 94 cents year

ago. Esquire Inc., and subsidiaries year ended March 31 net p $428,344 or 86 cents a share vs, $253,040 or 51 cents year ago.

ERSONAL i OANS UVi0 Jii om.

tS ee Re Sh

82%