Indianapolis Times, Indianapolis, Marion County, 2 July 1943 — Page 23

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FRIDAY, JULY

1943

VBUNINESS

PAGE 23

THE INDIANAPOLIS TIMES

Tanks Rehearse for Invasion

Cancellation of War Contracts Only A Drop in the Bucket, Nelson Says

By ROGER

THE DISMAY THAT

FOLLOWED TION that some war contracts were being cut

BUDROW | REVELA-! canceled |

THE

altogether has turned out to be unfounded.

Some labor leaders

thought ment would be caused and some manufacturers

considerable unemploy-| s began talking |

about conversion to peace-time products so much that they |

drew a rebuke from Undersecret war production upon such beliefs.

HOME BUILDING |

blamed the recent fall WPB Chief Donald M. Nelson favs that than 2 per cent our total war production has been affected by cutbacks in production or contract cancellations. He also adds that many other war manufacturers wit have thoir products redesigned or production schedules changed. But war production as a whole to continue to in-| crease all through this year and into next year. This is 80 billion dollars

less of

Mr. Budrow

Year's goal worth of war goods. Most of the changes are in grounds arms and ammunition, par-1: ticularly in tanks. But Nelson says there should be no concern about tanks, which caused the most apprehension, because our tank program constituted only per cent of our whole program, Tank production has not ceased and gome tank manufacturers, who made railroad locomotives in peacetime, have returned to that work which is a farily vital job the moment,

reat

” ODDS AND ENDS: Latest rumor Is that General Foods Corp. will buy a western Still apolis week were

" ”n

packing leading the department

company. Midwest, Indian-| store sales last | 34 per cent over a year ago. Even some high Stokely officials were in the dark about the cash-for-stock deal until it was announced yesterday. . + OPA here is telling tire applicants they must fill the car with passengers or take grade III tires. . Only 42 states are using last year’s license plates with some device (such as Indiana's tab) for 1943 plates After only | six landings the brake linings of the biggest bombers must be renewed. |

today, elevators paid $1.48 per

Hearst Publications, Inc., 1942 net income $3.775221 or $6.45 $2,921,023 or $4.99 in 1941,

Morris

LOANS to WOMEN

PHONE FOR A LOAN — Mths, Day or Night |

@® 4 out of 5 MORRIS PLAN Loans Made Without Endorsers. Borrow on Character, Auto or Furniture — from $75 to $500 to $1,000. Many loans completed while you wait. No credit inquiries made of friends or relatives. Take 6 weeks to make the first payment. FREE PARKING across the street in Arcade Garage for auto appraisal.

Morris Plan

Phone MArket 4455 or Come to Morris Plan 110 East Washington St.

HITE RR

LT ELT IEE and Service

Editor

coming the biggest c Zelomek, editor ice, published by Statistical Bureau,

economie position of the relatively | low-income group will be the most | important crease With maintained after estimated cent have incomes of $3000 or over in| Porkers Weighing 200-225 7,000,000 American homes despite the hazards of shifting prices, wartime | comparison | 1935-36.

kets in building and consumers’ +} dustries for said, tensive research in the field exists. |

should have surpassed the 1941 to-

and construction of non-farm areas should to cent over tween 1920 and

YS. | No. 1 60c; | bushel, and Ni

etary of War Patterson who

BOOM FORESEEN

Predicts Post- War Construction of Nearly 9,500,000 Units.

NEW YORK, July 2 (U. P.).—The in building will be in the history of the industry, so A. W.| of Post-War Servthe International Inc, said to-

boom

onstruction Just when the invasion of Eu

ish are preparing for the day.

of maneuvers in preparation for

HOG PRICES RISE ve i 19 T0 2 | CENTS

than 40 per | families will

day.

The great improvement in the

the heavy in-| he forecast

factor in in construction, the high wage

that more

of the nation's

with 20 per cent

{

and durable goods trying to plan inflated capacity, that a need for

now post-war adding By 1946 residential tal and approached the 1925 peak, in the following decade, the new dwellings in total close 9,500,000, an increase of 35 per the units constructed be1929, he estimated.

325

HOGS (8135) $12.5047 13.50 | 13.25/@ 14.15 | 14.156 14.20 |

140 160 170 200 220 240 270 300 330 360

Medium 160- 200 pounds

Packing Sows

Good to cholce— 270- 300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds Jeod— 400- 450 pounds 450- 500 pounds Medium 250- 550 pounds [email protected]

Slaughter Pigs |

Medium and Good— 90- 120 pounds 11.756 12.75

CATTLE (325) | Steers

WAGON WHEAT Up to the close of the Chicago market Indianapolis flour milis and grain bushel for No. 1 (other grades on their merits), 2 white oats, 60c, and No. 2 red cats, No. 3 yellow shelled corn, 97c per 0. 2 white shelled corn, $1.16

14, [email protected] 14.10@ 14.20 14.056 14.15 14.006 14.10 14.007 14.10

pounds pounds pounds pounds pounds

ed wheat

12.75@ Ip)

13.15@ 13.25 13.056 13.25 13.0062 13.15 | [email protected]

[email protected] 12.85@ 13.00

Plan

Cholce— 700- 900 900-1100 1100-1300 1300-1500 Good— 700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Medium— 700-1100 pounds 1100-1300 pounds Common— 700-1100 pounds

Helfers

. [email protected] 15.506 16.50 | 15.50@ 16.50 | [email protected] | |

pounds pounds pounds pounds

[email protected] 14.504 15.50 14.75@ 15.50 [email protected]

[email protected] 13.50 14.50

[email protected]

Cholece— 600- 800 pounds 800-1000 pounds Good— 600- 800 pounds 800-1000 pounds Medium— 500- 20 pounds [email protected] Comm:

800- “900 pounds . [email protected] |

Cows (all weights) 11.50@ 12.75 10.25@ 11.50 8.50 10.25 7.00@ 8.50 | Bulls (all weights)

(Yearlings Excluded) 13.00@ 13. so IB

[email protected] [email protected]

| Cutter and common | Canner

Beef— | Good | Sausage— Good (all weights) Medium .“ Cutter and common | .e

[email protected] | . [email protected] | 9.50@ 10.75 { Vealers (all weights) | | Good to choice . verensss [email protected]| | Common and medium . [email protected] | Y Cull (75 Ibs. up) ‘ihe . [email protected] | 1: EC oO 4 Feeder and Siocker Cattle and Calves Steers Choice— 500- 800 pounds 800-1050 pounds ... Good — 500- 800 pounds ... 800-1050 pounds ...

chsrsannas «oo [email protected] . [email protected]

. [email protected] . [email protected]

USED PIANOS ALL KINDS ALL, PRICES—E-Z TERMS PIANO

BALDWIN 00

Indiana’s Largest Distributors of Fine Pianos

44 S. Penn.—Open Eves, MA-1431

Medium-—-500-1000 pounds .. | Common— | 500- 900 pounds Calves (steers) Good and Choice— 500 pounds down Medium— | 500 pounds down Calves (heifers) Good and Choice—

FUR COAT STORAGE Phone

FRanklin 2581 S800

For Bonded Messenger

MARILYN FURS

29 E. OHIO ST.

+ [email protected] [email protected]

15.00@ 16.50 1 Povey [email protected] 0<s

500 pounds down [email protected]

WHEEL CHAIRS Why Buy One? Rent One At HAAG’S ALL-NIGHT DRUG STORE

22nd and Meridian

| Medium— 500 pounds down .. SHEEP AND LAMBS | Ewes (shorn) {Good and choice | Common and choice | Spring | Lambs | Good and choice .. | Medium and good, | Common

12.75@ 14.50 (350)

You Save Because We Save Men’s Suits & Overcoats

$ | 6” S$ | 8” 2 J 75 247°

13.75@ 14.50 ... [email protected] . [email protected]

215

Clothing on Credit

SEYMOUR'S

141 W. Washington St.

LEVINSON STRAW HATS

7 ‘The coolest thing under the sun.’

- $19 $995 | and 2 2 THREE STORES

Make Woodworking Your Hobby. Use

DELTA MOTOR DRIVEN TOOLS Exclusively at

VONNEGUT’S 120 E. Washington St.

LADIES’ HOUSE SLIPPERS

U.S. STATEMENT

22,387,455, 1751

INDIANAPOLIS CLEARING HOUSE

Clearings $ 5,307,000 i 18,954,000

DAILY PRICE INDEX NEW YORK, July 2 (U.P.).—Dun & Bradstreet’s daily weighted price index of 30 basic commodities, com-

N. Senate Ave. Open 910 9 ernment expenses and receipts for the Last 3 338,040 $32,491,307,397 Wi end. 72,108,862, CLOTHING COMPAN vy [IER 12,7 n. 597,523,476 | Cash Bal. 76.990,704,746 | Gold Res. .. hE ) 4 N LO BE A BLA INDIANA FUR CO.

USE YOUR CREDIT at current fiscal year through June 30 com26,011, 065,089 Receipts 22,281,642,709 = 2.991,147,215 131 W. Washington St. aeh pal. -- 22,736,503,160 Largest Selection 112 East WASHINGTON St

S| 00

TRY A WANT AD IN THE TIMES. | The civil aeronautics board has ap-|

piled for United Press (1930-32 average equals 100). Yesterday CscssreBrrRereRr 170.97 Week 880 ...sesvecssssnsess 17041 Month 880 ....ccceerssseese. 172.08 Year A%0 ......ca:..sechocte. 156.68 1943 high (April 2)....00.... 172.40 | 1943 low (Jan. 2).. 166.61 | CAB 0. KS RATE HIKE WASHINGTON, July 2 (U. P.) —

We Buy Usable Wire Garmen Hangers at 10c per bundle of 10 63 Stores All Over Indianapolis

cesses ean

————

"ILL GET QUIC ‘proved a substantial portion of a It 9 RESULTS mail rate increase granted to All-

American Aviation, Inc, in April,

Here, backs onto an L. C. T. (landing craft tank) along a section of rocky North African coast. invasion.

{volume is a handbook of priority

|expanded line of tire preservatives, sealers, patches and repair

> the traditional

and many

|pages offering wearing apparel has |been increased despite curtailments

ROP 9 SRR

ENS

rope will begin, only high military chieftains know, but Yanks and Britan American-built General Sherman tank, operated by a British crew, The action is part

New Sears, Roebuck Catalog

Features Books, Ration Rules

CHICAGO, July 2 (U. P.).—The annual fall and winter Sears, Roebuck catalog was in Ne mails today—All 1228 pages of it-—destined for

La iorities and sudden depletions of merchandise. The bulk of the five-pound book belies the worries which beset its | editors up to the moment of printing, with the editors compelled to {keep one eye on their copy and the ‘other on Washington, the catalog | was in a constant state of revision. More than just a catalog, the

CM SUPPLIERS PLAY BIG ROLE.

Stati Boost Qutput to $10,000,000

Daily. heir abs e | their absence wR! DETROIT, uy 2

items— | os “partnership

and rationing information. Ration- | ing regulations are explained in de-| tail. Qualified customers are told how they can obtain such rare com- | modities as Buna-S auto tires. Those who can't get tires are offered an

Kits. No Farm Equipment Conspicious by “big ticket” plumbing

furniture, “luxuries”

(U. P)—A

4 | Wartime with nearly an : dios | 13:900 subcontractors has boosted ‘adios of pre-| Var production of the General Motors Corp. to $10,000,000 daily, President C. E. Wilson said today. He declared that subcontractors have played a major role in American “miracle of production”

farm heating

equipment, fixtures, other war days. In compensation many other lines have been expanded. The shoe section, always large, has grown despite the leather shortage. Fancy that has upset the axis timetables.

wartime items with flexible wood or | The application of teamwork be-

|synthetic soles and fabric uppers| ‘predominate. For women working tween contractors and subcontractors has been largely responsible

in war factories, a line of women's . ; |safety-toe shoes has been added. (for the changeover “in an unbelievable short time” from civilian

The usual lengthy line of “soft goods” is gone, but the number of Production to full wartime output, Wilson said in reporting on a sur{vey of the corporation's 1942 subin pattern and in the supplies of contracting activities. cloths and dyes. | 68,505 Individual Contracts

Merchandising initiative has not | . been dimmed by the war. Analysis of General Motors’ 1942

catalog presents a new monthly War job disclosed that 18,735 subbook purchase plan which offers to contractors and suppliers furnished the “people's book club” members the corporation with materials last current best-sellers for only $1.66. vear. The records showed that the Dr. George H. Gallup will conduct corporation's 37 manufacturing dimonthly polls to determine the most | visions and other operating units purchased from an average of 1852 sources in 1942, a total of 68,505 individual subcontracting contracts. “The output of these ‘partners in {production’ has enabled us to | stretch our facilities and our tech{nical experience just twice as far las would otherwise have been pos|sible,” Wilson asserted. “Half of the production efforts on the average that goes into the

The

LOCAL ISSUES

Nominal quotations furnished by Indl. | anapolis securities dealers. Bid Asked! Agents Fin Corp com Agents Fin Corp pfd | Belt R Stk Yds com Belt R Stk Yds 67, Bobbs-Merrill com Bobbs-Merrill 42% | Circle Theater com | Comwlth Loan 57, pfd | Hoo: Drug Co com | Home T&T Ft W ayne nd & Mich Elec 5 Ind Asso Tel 5% pfd nd Hydro Elec 7% Ind Gen Serv 67, Indpls P & L 5%" *Indpls P & L com Indpls Rlwys Inc com Indpls Water pf Indpls Water Class A com Lincoln Loan Co 5% pfd Lincoln Nat Life Ins com . . *N Ind Pub Serv 5'%27, pfd... 9: *N Ind Pub Serv 6°, «98 *N Ind Pub Serv 77. pfd..... P R Mallory com 19 Progress Laundry com ... Pub Serv of Ind 57, pfd.. Pub Serv of Ind com 151 So.Ind G & E 48 pfd......... 9415 Stokely Bros pr pfc . United Tel

Van Camp Milk pfd Van Camp Milk com

Bonds

Algers Wins'w W RR 4%%.. American Loan 5s 51 American Loan 5s 46 . we 8 Cent Newspaper 4's 42-51 see Ch of Com Bldg Co 4's 51. Citizens Ind Tel 4%s 61 .. Consol Fin 5s 60 Ind Asso Tel $e 3% Indpls P & L Indpls Do “Co. 5s Indpls Water Co 3's 6 1 Kokomo Water Works 5s 58.. Kuhner Packing Co 4%s 49 ... Morris 5&10 Stores 5s 50 .... Muncie Water Works 5s 66 .. N Ind Pub Serv 33is 69 N Ind Tel 4's 55 Pub Serv of Ind 3%s 7

7% pid 5 PI% furnish the armed forces |vided by these 18,735 firms, some lof them large, many of them small. las! A study of these subcontractors oh + disclosed that 74 per cent were 3 {small firms employing less than 509 39, persons and that of these small 10312 111121100 workers.

103 61

167

Use Widespread

Widespread use of subcontractors 100.2 has enabled the corporation to 28 |avoid erection of many new plants

14 (and has enabled it to place work

{concentration of manpower with its resulting problems of transportation and housing. 100 “Like other units of industry and 109% | particularly oof the automobile ini dustry, General Motors has relied . |heavily in expanding its output for 18} [war on its long-established peace[time technique of spreading its pro- | duction load by teamwork with Pb Teves XI [thousands of other industrial

Richmond Water Wks 5s 57.. | plants, ” Wilson said. Trac Term Corp 5s 57 po 81 | ———————

C. 8. Machine Corp. 5s 52 10 | wilson Jones Co. of Chicago 9 *Ex-dividend. | months ended May 31 net earnings Lionel Corp.—Year ended Feb. 28, $240,960 or 91 cents a common share net income $414,827 or $2.30 a share. vs. $434677 or $1.63 year ago.

100 101

106

84 104 i01

the |

planes and tanks and guns that we| is pro- |

firms 58 per cent employ fewer than |

|in communities where manpower is| available, thereby preventing over- |

‘PAY TAXES OUT

OF U. S. POCKET"

48 Sorminies Figure Their | | Rate as Part Cost of | Production.

| WASHINGTON, July { —Rep. Albert J. Engel | reported to the house today that 48| | corporations holding war contracts | have made “sensational excessive | profits” by figuring their taxes as a! |part of the cost of production iv is paid by the government. During the last two years, he said, | | these companies have paid $3. 000,- | | 000, 000 in taxes out of Uncle Sam's | pocket. “The government pays these sums out of the treasury as war costs and {they are then paid back into the treasury as taxes.” he said. “The $3,000,000,000 does not clude millions of dollars paid by| | these companies for social security, unemployment insurance, state cor- | poration and real estate taxes, and! | other taxes, which likewise come | out of the federal treasury in the] | cost of production, but are not re- | turned to it.” | | Engel's report followed another | made last Tuesday on cxcessive| wages paid in war industries. “If there is noe thing that will] | set the returning soldiers against] | this government,” he warned, “it is the excess profits paid to corporations or individuals on invested capital and excess wages paid to labor.

2 (U. Py.

(R. Mich) |

in-|

Other Cases Named

“If socialism or communism gel a foothold in this country, it will be because of these wartime profiteers in the ranks of labor and industry.” The survey included such companies as the E. I. Du Pont de Ne- | | mours corporation, Wilmington, Del, | General Motors Corp., the Chrysler Corp, and the Bethlehem Steel - | Corp. It showed, according. to | Engel, net corporate earnings rangling as high as 53 per cent of the dail 7 Soars stock value in 1941

PN po profits, the report stated, are being made by other companies, whose principal capital is furnished by the government, cither directly or through the defense plant corporation. | “We find these companies earn-| ling a profit on a large government | capital, but distributing that profit | to a small group of stockholders {who have very little capital invested,” he said. He cited the case of the Jack & Heintz Co., of Cleveland, which he said started with $100,000 in capital and surplus in 1940 and earned 7740 per cent of its capital stock and paid in capital. Farns $1,740,839

“Thus,” the report said, after setting aside $173,680 for depreciation and obsolescence; praying the three top officers $116,645 each; after giving a Christmas| bonus of $944,300; after paying wages that . . . average an annual rate of $5172 per employee, and | after paying $6,000,000 in income] and excess profits taxes, this company showed a total 1942 earning] | of $1,740,839.” Another class of corporation] Engel said, start with no capital or property of their own, use money | furnished by the government, take excessive profits and add a management fee. In this category, he named the High Standards Manufacturing Co.,

Britain Gets U. S.

Silver for Arms

WASHINGTON, July 2 (U. P. —Great Britain has received 3,075,000 ounces of American silver under the lend-lease program, Lend-Lease Administrator Edward R. Stettinius announced today. The silver was taken from the Treasury's stocks and made available to Great Britain with the understanding that it be returned ounce-for-ounce after the war. It will be used meanwhile by British armament industries. Stettinius said increased war activity everywhere has raised the demand for silver coinage. Silver coins have to be supplied to large numbers of American troops in Britain.

CALUMET REGION

HELD ‘UNSTABLE

Light Co., Public Service Areas Called Steadier At SEC Hearing.

PHILADELPHIA, July 2 (U.P.).— In continued hearings before the se-| curities and exchange commission | on a plan of reorganization of Mid-| land United Co. and Midland Util-| ities Co., Chicago, John H. Bickley, Chicago financial expert, said he

| | |

[computed an increase of $1,487,000 |in operating revenues of Northern

Indiana Public Service Co., a subsidiary, on a corporate basis, in 1940

| over 1939.

Earnings on common stock as evaluated by Bickley showed 23.8 per cent of gross income for North- | ern Indiana Public Service, 37.3 per cent for Indianapolis Power & | Co.,, and 33.4 per cent for | Public Service Co. of Indiana, Inc. Questioned as to whether the eco- | nomic stability of the territory served by a utility would have any marked effect in determining the 'market value and earning ability of its common stock, Bickley said it would, and that Northern Indiana served a territory with less economic | stability than either Public Servi ice of Indiana or Indianapolis Power | & Light.

Relies on One Industry

He said that Northern Indiana operates in a highly industrial area, and relies largely on one type of | industry—the iron and steel in-| dustry. Bickley said the area was| one of the most important steel centers of the country and that any] sharp decline in steel production | ‘would adversely affect economic] | levels of that area. Bickley predicted that iron and rious competition from lighter ing as examples the enormous war | expansion of aluminum and mag-| nesium plants throughout the coun-!

‘try, which he said iron and steel

GRAIN PRICES MIXED ON BOARD OF TRADE

CHICAGO, July 2 (U. P.) —Grain |

MEAT OUTLOOK ‘ENCOURAGING’

Agriculture Dept. Makes Prediction Despite Beef Shortage.

WASHINGTON, July 2 (U. P.).—

| The agriculture department sur=

| veved the national food situation to=- | day and found that the outlook on | meat production is encouraging de-

| spite the current beef shortage.

But the report cautioned that although total meat slaughter prob-

| ably will exceed the 1942 record,

civilians cannot expect as much as | they had last year because of heavy military and lend-lease demands. “In the first half of 1943,” the de- | partment said, “commercial production of meats has not differed greatly from that of a year earlier | Conarestes production of pork has bout offset reduction in beef and Prospects for the last half of the year are encouraging.”

Record Pig Crop

Meat packers drawing from the record 1942 pig crop of 105,000,000 head have processed pork at 20 to 25 per cent ahead of a year ago. The department said hog slaughter likely will continue to increase during the last half of the year and indications are that cattle market ing will be stepped up considerably. Although the slaughter of cattle has declined in recent weeks by one-third from a year ago, food officials expect cattlemen soon will be sending beef to market in greater quantities because of the record number on hand and the increasing shortage of feed on the market. The situation on most other foods | was reported to be but little changed from a month ago. The depart {ment’'s monthly crop report, due | July 10, is expected to provide a | more accurate barometer of food production prospects other than

| meats.

IN BRIEF—

An increase in monthly payrolls of $1,780,000 as a result of approval of voluntary wage increases and

| decisions in disputed cases during

May was reported to the senate | today by the war labor board. ” 8 "

Chase National Bank of New York, world's largest commercial bank, today reported lower deposits and total resources for the first half of 1943, reversing the general (upward trend disclosed in semi- | annual reports of other financial institutions. Total Chase deposits

“in 1942, steel after the war would meet se- as of June 30 were $4,193,352,000,

| compared with $4,203,291,000 on

after metals, plywood, and plastics, giv-' March 31.

”

Sigal A. Anderson, associate in engineering at Purdue university the last nine years, has resigned to become manager of the Rural Electric Corp., an organization of the Indiana rural electric co-op-erative organizations with headquarters in Indianapolis. ” ” ”

County agricultural agent transe fers: R. C. Stangland, from How= ard to Elkhart county; E. A. Johnson, from Cass to Howard county, | and Wayne Myers, assistant agent in Allen county, named agent for

un ”

which the report said earned 7500 futures followed an uneven trend on! Cass county.

HOOSIERS SPONSOR ~~ SEAMEN'S SERVICE

. R. Fenstermaker, Hk J. Baker & Co., and Leslie Colvin, contractor, of Indianapolis are among several Indiana businessmen who have accepted sponsorship of the United Seamen's | Service for Indiana. Henry J. Kaiser, West Coast shipbuilder, is pres- | ident of the U. 8. S. | The following men are included | among the sponsors Fred M. Crapo, president, Indiana Steel & Wire Co., Muncie; C. R. Yater, president, Shelby Construction Co., Shelbyville; F. N. Tyler. cashier, Gary State bank, Gary; { William F. Crawford, president, Edward Valve & Mfg. Co. East Chicago; E. W. Taylor, president, S. C. | Taylor Chain Co., and Fred C. | Rowley, president, Fred C. Rowley |& Sons, both of Hammond; J. E. Otis Jr. president, Dodge Mfg. Corp., Mishawaka; August C. Sper], Todd & Brown, La Porte; Albert A. Reith, Reith-Riley Construction Co., Goshen; Ralph W. Walb, vice | president, General Dredging Co., | Fort Wayne; John Davenport, Jeffersonville Boat & Machine Co, Jeffersonville; Edgar Traylor, president, Pioneer Contract Co., Evans- | | ville,

president,

Does a Stretch for Uncle Sam

Dreamed up by the army ordnance division, this car is one of 100 which have been sawed through and elongated to accommodate 15 persons, instead of the five the sedan was designed for. Operation took Place | ' in Seattle. The yobs has been apgopeiutely 4 dubbed the “dachshund.”

| Allegh Corp .

| Balt & Ohio ..

| Ch

the Board of Trade today, generally | moving lower. At the end of the first hour, wheat was off 14 to 12 cent a bushel; oats WE to off %, and rye up 1% to off 4

N. Y. Stocks

Low 2% 4153 90, 1

Net Last Change 258... . | Ta 3a Va Ts |

Allis-Chal Am Can Loco . 512 Rad & S 8 107; Roll Mill 16's T 155% Tob B .. 61Y, Water W . 8 Anaconda . 28" Armour iil . 65 Atchison 581% Atl Refining .. 26% 82

. 66% . 28a . 38: . 10% . 54%, 8412

14 Va

Va % 3 3%

3 's a 3 Va . 3 41-16 Va Va

Beth Steel Borden Borg-Warner | Bdgpt. Brass es & Ohio Chrysler Comw & So . Cons Edison ... Cons Vul A Corn Prod ..-. Curtiss-Wr A .. Dome Mines ... Doug Airc Dow Chem ... East Kodak . Elec Auto-L ... Gen Elec Gen Foods Gen Motors Goodrich Goodyear

Int Paper mrTET Johns-Man Kennecott

FlkbE Rl RE

Minn Hny Monsanto Nash-Kelv Nar Biscuit .... Nat Dairy N Y Central .. Noblitt-Sparks . Ohio Oil Packard aren Pan Am Air Penney . Penn R g1vn Phelps Dodge . Procter & G

L Sears Roebuck.. Servel Inc ..... 1 Shell Un O .... Std Brands .... Sid. Q. Cal ..... SStd O (Ind) .. Std O (NJ) .. 5

Westing El Woolworth .... Young Sheet .. Zenith 3

LOCAL PRODUCE

AY breed hens, 241%c; Leghorn hens Broilers, lbs., 27%e.

old roosters, 16c. ¥Eggs—Current receipts, 54 Ibs. and up

C. i Graded

SPEED 4+1

fryers and roasters, under §

—CGirade A large, 38c; grade 6c; grade A small, 26c; no

: with Cuba,

o » A philosophy contemplating “per= manent elimination of the free enterprise system” is indicated by the failure of administration officials to seeek or accept advice from experienced men in the coffee or sugar trade when regulating those commodities, according to William B. Craig, president of the New York Coffee & Sugar exchange. ” n ” Money in circulation in the United States scored a near-rec~ ord increase of $266,000,000 during the week ended June 30 to a new all-time high total of $17,420,000,000, the weekly report of the federal reserve system revealed. ” n ”

”

The war production board re= minds manufacturers that the dead=

«| line for fourth quarter applications

under forms CMP-4B, CMP-4A and WPB-2613 is July 15. The WPB-

112613 form is used by manufacturers

who do not use the three controlled materials—steel, copper and aluminum—in the mill shape.. ” ” ”

Monetary stabilization agreements Ecuador and Iceland have been renewed by the United States. » ” o More than half of the prime contracts awarded by the navy in May went to small manufacturers em-

+ | ploying fewer than 500 persons, and

more than a quarter to firms with fewer than 100 employees, navy de= partment statistics disclosed today.

Investment Study Pays

Some of the more _—n facts covering the Farm Machinery Industry are discussed in a cur rent memorandum which is availe able on r:quest at this office.

THOMSON a MeKINNON Members of New ip or hack Evol Exchange

and Other Pri 5 East Market Street tadiamapelie Ind.

Telephone Market 3