Indianapolis Times, Indianapolis, Marion County, 21 July 1943 — Page 14
PAGE 14
THE INDIANAPOLIS TIMES
BUSINESS
Washington Manpower Planners Have Spirit.
Overlooked ‘Threshing Run’
By ROGER BUDROW
NOT MANY YEARS AGO, BEFORE the farm equip ment companies came out with the combine, threshing the| crops was {oo much of a job for any one farmer. So they, pooled their money, bought a threshing machine. Morecver they pooled themselves (it would be called manpower nowadays). and took turns, farm by farm, threshing the wheat and oats. That is old stuff to most of you but apparently some of our farm manpower officials in Washington haven't heard of it. The reason I bring it up now is that this community spirit (that isn’t a good description but it will have to do) | is reasserting itself as the crops again mature and farmers look in vain for more hired hands. Not only are farmers helping by nc means perfect hired oin manpower planners in Washington town are helping the farmers. Up and skeptical farmers had figured in Benton county, farmers who were | on. growing peas for the canning com-| pany at Fowler, were up against it for help. The business men’s
association spread the word and
| | |
’
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UNLESS the efficiency of giant | ' cargo planes is increased, seadromes | may be used as trans-oceanic step- | ping stones after the war, despite (the fact that they can fly the Atlanfic non-stop now. The reason formed “pea is that with seadromes, less gasoline pitching” groups. has to be carried, thus increasing Not onlv did the the payload that can be hauled. | business m eé h A Douglas DC-3 airplane, the one themselves work Widely used in airlines in this counin the fields but| try has to take 800 gallons of gastheir employees did too. oline to make a 1000-mile non-stop These small town storekeepers flight. If, instead, it made the flight loaded trucks and wagons in the in three hops, it would need to lift fields and also helped out at the only 200 gallons (or 1200 pounds) canning factory, pitching the peas against 4800 pounds) at ‘take-off. off the trucks and wagons into the] £ ££ 8 viners so that the factory workers,!] APTER THE WAR. new farm! who had been putting in long hours machines may rep too, could snatch a little vest. | several fields.
Some farmers in another part of ester is working on a sugar beet | the county heard about this and, harvester. If successful, it would Inasmuch as they had been rained|e)iminate considerable drudgery. | out of their own fields, organized h ; | crews among themselves to work on ig bein es Ley Boe the pea crop after the business men harvest their beets. went back to their stores. IE Kk This sort of voluntary pitching-! on 7: Dlehers ana genes harvesting 3 in, when the farmer is in a jam, Hithinery Jonzing under its own makes some of our Washington ef- power fre n the blue prints. Moforts exceedingly feeble by com- | 1OrS: taking advantage of powerful parison. Why, : that one : county| fuels developed during the war, may alone furnished more additional °¢ ore efficient, And machinery, | farm workers, those business men, Mad€ 0 the Light metals instead of | heavy steel or iron only, would be|
who volunteered, than all the C daptable t : Jamaicans shipped into the whole more adaptable to new designs. =
state of Indiana and Japs too.| What's more, they were right on the | spot when needed and there were | no complicated housing or trans- | portation probiems to be overcome as in the case of importing farm workers. These storekeeper-farmers were | by no means perfect hired hands | and, incidentally, they donated] their services) but I have a suspicion that their enthusiasm made up for a lot of their inefficiency so that the net result was pretty good.| This criticism is not of the willing] men who left their homes in the| Bahamas (3000 of them) as Jamaica | JUNE RETAIL sales in 127 In(8500) or Mexico (23.500) but is |dianapolis stores (not chain or dedirected toward those who, in their | partment stores) were 30% higher day-dreaming, have overlooked con-| than June last year and seven per siderable farm manpower right on cent over May «this year, according Main street. In addition to the] | to the commerce department. For small town business men and city | (the first six months of 1943, Inworkers, we have the women’s land | | dianapolis stores show an 187% gain
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lace manpower in| International Har-| &
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THE TRUMAN blast at CurtissWright might boomerang in the company’s favor. If manufacture of the criticized P-40 is halted and work is concentrated on the big cargo plane, which was praised, Curtiss-Wright, when the war ends, might be making planes the airl‘nes could use right away and thus be assured of an immediate post-war market. The post-war market for planes like the P-40 isn’t expected to amount to a hill of beans. 2 s 2
| 800-1000 pounds ...
Cull (75 Ibs. up)
Cholce—
Common—
PRICES ON HOGS RISE 25 GENTS
Top Advances to $14.25 as Receipts Dwindle to 6800 Head.
Hog prices advanced 25 cents at|
the Indianapolis stockyards today in reflection of light receipts, the food distribution administration reported. The top was $1425 for good to choice 200 to 210-pounders. Receipts included 6800 hogs, 650 cattle, 375 calves and 1050 sheep.
HOGS (6800)
pounds pounds ... pounds . pounds . pounds .
[email protected] 13.00@ 14.15 14.15@ 14.20 14.20@ 14.25 14.20@ 14.25 [email protected] 14.05@ 14.10 14.00@ 14.05 13.95@ 14.00 [email protected]
3 Medium — 160- 200 pounds Packing Sows Good to choice— 270- 300 pounds 330 pounds 360 pounds 400 pounds ....
13.00@ Is » 12.90@13 12.90@ 13. 10 [email protected]
[email protected] [email protected]
3303€0-
400- 450 pounds 405- 550 pounds Medium: 250- 550 pounds Slaughter Pigs Medium and Good— 90- 120 pounds ............
CATTLE (650)
11.50@G 12.50
Cholce— 700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Jood— 700- 900 pounds
6.50 15. 50@15. 50) [email protected] 14. nals. 00 | 5 [email protected] $2315.50
[email protected] [email protected]
900-1100 pounds 1100-1300 pounds 1300-1500 pounds | Medium— 700-1100 peunds 1100- vid ) puunds Com 700- "1100 ) pounds
Cholce— S00- 800 pounds 800-1000 pounds ......e. Good—
600- 800 pounds
14.50@ 15.50 [email protected]
[email protected] [email protected]
[email protected] 500- 900 pounds [email protected] Cows (all weights) Good [email protected] Medium
Sunter gal common .. ne
Medium— 500- 900 pounds Common—
‘Bulls (all ‘weights) (Yearlings Excluded) [email protected] Good il weights) ..eeuee. [email protected] Medium Cutter and common CALVES (375) Vealers (all weights) Good to choice Common and medium
8.50@12. Feeder and Stocker Cattle and Calves St 13.50@ 14.50 [email protected]
[email protected] irae sees. [email protected]
[email protected] [email protected]
500- 800 pounds 800-1050 pounds Good— 500- 800 pounds 800-1050 pounds Medium— 500-1000 pounds
sess saneane
500- 900 pounds Calves (steers) Good and Choice— 500 pounds down Medium— 500 pounds dow Calves (heifers) Good and Choice— 500 pounds down [email protected] Medium—
500 pounds down [email protected] SHEEP AND LAMBS (1050) Ewes (shorn) Good and choice Common and choice Spring Lambs Good and choice . Medium and good Common
N. Y. Stocks
[email protected] [email protected]
[email protected] [email protected] [email protected]
| fices. Up to the time of the presi-
7 per cent. 50
Finds 'Unvocal’ Public
(Second of a series of interviews with Washington civilian war officials.)
By PETER EDSON Times Special Writer WASHINGTON, July 21.—As seen from the vantage point of a | bombproof observation post in | Washington, the most confused sector of the entire home front war | has been in the battlefields of price control and rationing. And yet, said the price adminis trator, ex-Senator Prentiss M. Brown: “I deny that people feel | that way about OPA’ outside of ' Washington.” What was that again please? | Was the price administrator intimating that all is well with OPA and its policies, and that it has the support of the country outside the capital? “Not 100 per cent, of course!” he admitted, but went on to explain his view that the consumer groups are not vocal, except through labor 5| organizations which support price fixing and rationing as measures to hold down the cost of living, For the remainder of the population, the price administrator bases his belief on his own findings in the field.
Prentiss M. Brown
ministrator, “from the tremendous drives of pressure groups, representing the people whose incomes are going to be affected by price control.” What these pressure groups are, by name, Mr. Brown doesn't care to mention. Anyone familiar with the heavy lobbying against specific rice and rationing restrictions can, garb's *holgs the- line" order | i, make 0 his own list of April 8—which, incidentally, Sen- |... odities whose trade associaator Brown forced on the then
; tions have been active in opposition Economic Stabilization Director to OPA regulations—farm products, Justice James E. Byrnes, who sold
: / ‘ foods, such as canned goods, meats A the president—morale in OPA ang dairy products, hosiery, shoes, offices was pretty low. the like. The “Hold-the-Line" order rent, and the like changed this feeling to some ex- Hits Selfishness tent, but the first three weeks of Even in the trade associations, June, said the administrator, marked | Aqministrator Brown believes that a revival of morale in OPA's re-|{ja membership is not all cold on gional offices. It was caused by|opa, “Leaders in the merchandisthe good showing made by OPA ing word,” he said, “will tell us
before the jouse appropriations | ,,.ivately that what we're doing is committee. Even stanch Repub-| ..c put they won't say so publicly.
lican congressmen on the commit- |p, qi. point of view is an admission tee, John Taber of New York and|i;.¢ they've got to join in the hol J. William Ditter of Pennsylvania, lering against OPA to help out indorsed the principles on which some of their members who may not OPA is now operating. And the be doing so well under the full house committee gave a unani- " mous recommendation for continu restrictions, ation of OPA, cutting its funds only This all boils down to the simple fact that anyone will agree price
control is a good thing for what he has to buy, but no good on anything he has to sell. Human selfishness comes in here as the greatest force of obstruction to every .phase of the stabilization program, whether it is control of wages, prices, rationing, food distribution, civilian supply,
Confidence Grows
The assertion is confirmed by reports from OPA’'s own field of-
of |
Blames Pressure Groups Although the final appropriation was considerably less than Brown wanted, it still does not explain where so much Washington disapproval comes from. “It comes,” said the price ad-
Brown Blames Lobbies for OPA Furore,
Favors Policies
transportation, or control of manpower. And yet, the price administrator emphasizes, there are hundreds of items under price control or rationing which are now established practices and which are causing no particular confusion. Steel, other metals, all materials going into war equipment are under controls which are saving the taxpayers billions of dolars on the cost of the war. Admits Mistakes Mr. Brown conceded readily that mistakes have been made by OPA itself. It's greatest mistake, he considers, was the failure of the OFA staff to sense that the stabilization act of October, 1942, totally changed the price policies of the administration. Mr. Brown should know about this, for as a senator he played the major role.in writing the act and fighting for its passage. The OPA organization, however, went right ahead on its old poiicies of trying to control not only prices but also profits, and even business practices. The administrator emphatically insists that those are not the policies of OPA today. Twice recently, he has gone to congress to explain that, “the office of price administration has no program with respect to the reduction of profits,” and to deny that, “individual officials in OPA are out to use price control to change the American system of free enterprise.” Cites Hosiery Case
Loose charges by pressure groups that OPA secretly has mapped out a business reform program have contributed materially to the confusion and have made more difficult OPA’'s job of price stabilization. Brown said that the inclusion of | manufacturing standards in price regulations does not constitute any insidious regimentation of business. As an example, he mentioned the hosiery regulations, which have caused considerable bickering in the industry and have been the subject of countless conferences. “All these standards did,” said the administrator, “was to fix prices in accordance with the number of threads and strands. It was like saying that a bushel of potatoes should weigh 60 pounds. Permitting the sale of a 50-pound bushel for the price of a 60-pound bushel wouldn't prevent inflation, For hosiery, there would be no price control if we didn’t fix the standards.” These are some of the things which haven't been made clear to the public, nor to congress, for that matter.
IN BRIEF—
Interstate commerce commission today ordered its plan, with modifications, for reorganization of New York, New Haven & Hartford railroad effective as of July 1. The reorganization plan for this defaulted railroad aided bondholders but not holders of preferred and common stocks whose prices broke as much as 50 per cent when the ICC plan was announced.
Diamonds, are necessary in machine or monopoly jointly controlled by |
U. S. Probes Tin and Diamond Cartels of British, Dutch
By THOMAS L. STOKES Times Special Writer WASHINGTON, July 21.—The justice department, newly created cartel section of its anti-trust division, is looking into two world-wide monopolies dominated by Great Britain and The Netherlands, which affect two highly essential materials in our war program. One is the diamond monopoly
through the
long controlled by the British. tooling. The other is the tin cartel
OATS FUTURES DIP, OTHER GRAINS RISE
CHICAGO, July 21 (U.P) ots] countered the firm trend of grain futures on the Board of Trade | today. At the end of the first hour | wheat was up 4 to cent a|
4 hs bushel, oats unchanged to off 3 | cent, and rye up !
|
1s to 1 cent. In the July options wheat was up !'& cent a bushel from $1.44; oats off 3 to 4 from 68's @69c, and rye up 1 cent from $1.05%.
Order Less Fat On Pork Chops
WASHINGTON, July 21 (U.P.). —The war food administration today drafted regulations to control the amount of fat left on pork by packers in a move to salvage millions of pounds of lard now wasted. The measure, which would become effective along with price ceilings on live hogs, is expected to call for at least a 50 per cent reduction in the amount of fat not commonly sold as pork. Porkers have been leaving an abnormally large quantity on pork because it brings a higher price thay way than when removed and rendered into lard, according to WFA officials.
DAILY PRICE INDEX
| Ti LOST "Brown bilifold,
WEDNESDAY, JULY 21, 1943
Lost and Found J
cs LOST- Small “sable pomeranian, 27; pds. vicinity ‘11th Corn mily is gried stricken; name ize: "7 RI-5867%-
Reward
LOST Money box, green; return box and papers; rew. Rice's Diner, 1039 Virginia MA-0826. J contains valuable papers, Thurs, eve. Reward. RI- 5154 | LOBT- Lady's light rimmed glasses; between 54th & Penn and & College, July 16; reward. BR -9302 2. LOST—Biack Scottie female J Dangw JH north of J4th st.
money,
uppy PF dA
ar Fo Walker hound, white and lemon spots; vicinity of 135 and Southport rd. If found call GA-7508. LOST — Gray, purple bordered skirt and brown dress; 27th, Blvd. place. Reward _TA-9063. LOST—Lady's gold Benrus wrist watch on Riverside car or Riverside park. Gift _from service man. Reward, RI-8708. STRAYED last Friday, brindle Scottie with summer hair cut, minus his collar. Reward. BR-1480. LOST-—Lady's black purse near State and Prospect. Keep money, return Slasse and tool checks. FR-2343, LOST—Small black leather overnighl bof; left July 19 on southbound Illinois Fairgrounds streetcar; reward. TA-3969. LADY'S rose gold “Cort” wrist watch; lost in Haag's drug store, 3000 N.: reward. MA-6608. LOST—Locket; oval, white Longacre. Reward. GA-6 LOST-—Box containing Shavkerm dress and hose. Finder call BR-4204 FOLDER of pictures, No. 646, lost July 17, vicinity Union Station. Reward. BR-3283 LOST--Short haired tan dog, downtown. Name ‘‘Buster.” GA-2280. Reward.
Schools & Instructions 7A "LEARN BEAUTY CULTURE % Demand for skilled operators exceed t suppIy Learn under expert teachers. TERNATIONAL BEAUTY SCHOO 342 BE. Washington St.
Help Wanted—Female
, yellow gold. 6228.
NEW YORK, July 21 (U.P.).— Dun & Bradstreet's daily weighted |
| price index of 30 basic commodities, | compiled for United Press (1930-32
average equals 100). Yesterday
YXEAY 880 severvveiviivsrcess 157.72 1943 high (April 2).....0..... 192.40 1943 IoW (Jan. 2)...vsvveevee 166.61
WAGON WHEAT
Up to the close of the Chicago market today, Indianapolis flour mills and Iain elevators paid $1.55 per bushel for No. red wheat (other grades on their at) No. 2 white oats, 60c, and No, 2 red oats, 60c; No. 3 yellow shelled corn, 97¢ per bushel, and No. 2 white shelled corn, $1. he
Deaths—Funerals 1 Indianapolis Times, Wednes. v July 21 , 1943
BENTON—James M., age 35 years, husband of Frances; father of Mary Jane, son of Mrs. Charlotte Benton, brother of Ralph, of Los Angeles, passed away Tuesday morning. Funeral services at the Royster & Askin Mortuary, 1902 N. Meridian st., Thursday, 2:30 p. m, Burial Washington Park cemetery. Friends may call at the mortuary any time.
BORCK-— (Burke) Anna M., age 84 years, mother of Mrs. Leo J. Kupferschmidt, grandmother of Mrs. Joseph A. Litel, passed away Tuesday. Funeral Friday, July 23, 8:30 a. m., at residence, 25 N. Pershing ave., 9 a. m., St. Anthony's church. Friends invited. Burial St. Josephs' cemetery. Geo. W. Usher service.
DALTON—Edna M., age 39 years, wife of John F. Dalton Sr., mother of Jphn rancis Jr. Frances Ann, Thomas Joseph and Patrick James, daughter of Willlam F. Miller, sister of Frederick and William Miller and Mrs. B. Stott, passed away Monday. Funeral Thursday, July 22, 8:30 a. m., Usher Mortuary, 2313 W. Washington; 9 a. m., St. Christopher Church. Friends invited. Burial St. Joseph cemetery. Friends may call at mortuary after 2 p. m. Tuesday. Altar Society will meet Wednesday, 8 p. m., for prayer.
ELSTUN-—Marion
Elmer, 3250 Ruckle, husband of Liona Hite Elstun, father of Mrs. Harold C. Curtis, passed away Wednesday a. m. Service at Flanner & Buchanan Mortuary Friday, 2 p. m. Friends invited. Interment. Crown Hill. LANGDON Mrs. Katherine K., beloved wife of Dr. Harry K. Langdon, passed away Tuesday evening. Friends may call at the residence, 3264 N. Pennsylvania
esssssassnnssensee 180.90} Week 280 .issvecrvrvrvness, 170.03] MOMN 830 svrvvcasssrerreves 169.72
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For training as telephone operators, in the Reception and Delivery of telegrams by telephone.
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the British, the Dutch and the Bel- | | committee met in London last Sepgians, which still proceeds as in a tember, while Bolivia, the only world at peace, though the major | source in this hemisphere, was ad-
The I.C.C. announced it would consider two minor phases of the Chicago, Milwaukee, St. Paul &
army, vacationing school children | over 1942. and college students. This labor | For Indiana as a whole, retail!
st., until Thursday noon. Service at Flanner & Buchanan Mortuary Thursday, 3:30 p. m. Friends invited. Burial Crown Hill.
High 27%
Low or Chat
la
please contact Mr. Miller, RI-2422,
Allegh Corp ...
Alled Chem ... 1590s 12
force may turn out to be much|sales in June were 16% over a year| bigger and better than worried {ago and 3% over May's.
NII ny,
77
didi
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Allis-Chal
15912 . 41 Am Loco 147% Am Rad & SS . 10'z Am Roll Mill . 153 Am T&T ....137% Am Tob B .. 6334 Am Water W .. Th Anaconda Armour * Ill Atchison Atl Refining .. Balt & Ohio .. Beth Steel .... Borden Borg- -Warner ..
15815 2 54 1 la te
40'2 1434 10% 15% 157% 63 T3% 27% 5'2 62'2 26'% T's 63's 28's 36% 11
+ sy
Comwlth &
sources of its raw materials now
| first six months, after taxes, charges, . depreciation and reserves.
Pacific revamped plan and will hold final hearings on the reorganization plan of Seaboard Airline railway Oct. 18. ”
Profits— Continental Motors—$2,992,356 for
Chesapeake & Ohio Railway—$2,116,102 for June, $46,749 under
are in the hands of the Japanese. Some illuminating developments have come to the attention of the justice department which show how the United States still is the victim of world-wide monopolies, despite the great crusade led by former Assistant Attorney General Thurman Arnold against the GermanAmerican cartels that impeded our war program through artificially
tons. Mr. Podell explained that the tin cartel is sponsored by the governments of the producing countries, and the agreements are signed by the foreign ministers.
Cartels ‘Not Dead’
The newly created cartel section in the justice department, headed by Herbert A. Berman, is continuing its investigation of cartels which, as
vanced only from 46,026 to 46,768 LAUX—Gustave, beloved husband of Jenny
Laux (Pittman), father of Martha White, Helen Mitchell, Frieda Altopp, Lee and William Laux, brother of Goetlib Laux, passed away Monday. Services Thursday, 2:30 p. m., at his son's residence, 726 8. Worth st. Burial Floral
Park cemetery. Beanblossom service.
MILEY—Phoebe, age 62, 1039 8S. Pershing. mother of Mrs. May Green, Mrs. Helen Colber, Mrs. Ada Dooley, Mrs. Olieva Hunt, Owen of Evanston, Ill, and Blythe Miley, sister of Mrs. Margaret Barrett, Petersburg, Ind., and William Kuno, Chillicothe, O., passed away Tuesday. Funeral Friday, 9 a. m., at Second Free Methodist church. Burial
A Part-Time House Keeper. Call LI-9816
Assistant Paymisiress
Opportunity for expert comptometer operator, with _ an aptitude for figures. Typing required.
Petersburg, Ind. Friends may call at Farley Funeral home any time.
MILNOR-—Mrs. - Nell Warner, 6124 Primrose ave., passed away Wednesday a. m. Mother of Mrs. Victor Winterrowd, Indianapolis, and Mrs. H. Gilbert Karges, Evansville, Service at the Flanner & Buchanan Mortuary Friday, 3:30 p. m. Friends invited. Burial Crown Hill. Friends may call at the mortuary.
O’CONNOR—David, beloved husband of Matilda, father of Mrs. Russell Hampton, John and Francis O'Connor, brother of Margaret and Edward O'Connor and Mrs. Mary Livingston, passed away at his residence, 550 W. Abbott st., Tuesday. Funeral from Speaks & Finn ghapel, 125 8S. Capitol ave., Saturday, 8:45 a. m., St. John's church at 9. Busial Holy Cross cemetery. Friends invite
PARKHURST Donald, husband of Loretta, son of James B. Parkhurst, New 8myrna, Fla., brother of James B. Parkhurst, New Smyrna, Fla., son-in-law of William E. Love, nephew of Mrs. Mary Jane Oakes, Mrs. Dora Ann Clark, Mrs. Vera B. Smith, William PF. and Charles D. Ledbetter, died Tuesday. Friends may call at the Kirby Mortuary, Meridian at 19th st. Funeral Saturday, 2 p. m,, at the mortuary. Friends invited.
RIGGS—Edith W, Patten, age 62, wife of Frank Riggs, mother of Mrs. Louise Saters, Mrs. Frances Fendley, sister of Harry Patten of Gallup, N. M.; Enoch Patten of Chicago, Ill.; Mrs. Marie . Olive Jordan of Indian- ; grandmother of Virginia Saters, a and Cynthia Ann Fendley, passed away at the residence, 3637 WwW. 10th, Monday. Services at Shirley Bros. West Chapel, Thursday, 10 a. m. Interment oral Park cemetery. Friends may call after 5 p. m. esday.
Corn Prod June, 1942. United Gas Corp.—$2,630,990 for three months ended June 30 or $96,068 under a year ago. Electric Power & Light Corp.— $2,613,396 for three months ended April 30 or $424,534 over a year ago. Edward G. Budd Manufacturing s| Co.—Six months net profit of $1,189,546 vs. $1,823,819 a year ago. Libbey-Owens-Ford Glass Co.— | $1,392,681 first six months ended June 30 against $754,965 a year ago. ” » =
Assistant Attorney General Tom C. Clark said “are not dead, but are planning a continuance of their activities now as well as in the postwar world.” There may be a lead into antitrust action on the tin cartel through interlocking directorates between Patino, its Bolivian unit, and National Lead Co., an American company. This relationship was discovered in investigation leading to indictment recently of National Lead, du Pont and Titan Co., Inc. a National Lead subsidiary, charging conspiracy to create a world cartel in titanium compounds with German, British, Italian, Japanese and other foreign chemical» companies,
LOCAL ISSUES
Nominal quotations furnished by Indian. apolis securities dealers. i Agents Fin Corp com Agents Fin Corp pfd Belt R Stk Yds com Belt R Stk Yds 6%, pfd . Bobbs-Merrill com Bobbs-Merrill 42% pfd . Circle Theater com a Comwlth oth 5% pfd’ Delta Elec Hook Drug Co com 13 Home T&T Ft Wayne 7% pd, 51%, Ind & Mich Elec 7% pl wood *Ind Asso Tel 5% pid . Ind Hydro Elec 1% PRL Ind Gen Serv 6% . Indpls P & L 5% % ..evve. Indpls P & L com Indpls Railways com ... Indpls Water pf Indpls Water Class A com Lincoln Loan Co 5% pfd Lincoln Nat Life Ins com N Ind Pub Serv 5'2% pfd .... 9 N Ind Pub Serv 6% 99 N Ind Pub Serv 7% pfd P R Mallory com Progress Laundry com ... Pub Serv of Ind 5% pf ... Pub Serv of Ind com *So Ind G & E 4.8 pid Stokely Bros pr pic United Tel Co 5% Union Title com Van Camp Milk pfd .... Van Camp Milk com ... Bonds Algers Wins'w W RR 4% American Loan 5s 5 American Loan bs % Cent Newspaper 4's 42-51 ... Ch of Com Bldg Co 4's 51 ... Citizens Ind Tel 4%zs 61 Consol Fin 5s 60 Ind Asso Tel Ge 3us 70 Indpls P & L 3 70 Indpls Railways Co 5s 67 Indpls Water Co 3%s 66 Kokomo Water Works 5s a3 . Kuhner Packing Co 4's °. Morris 5 & 10 Stores 5s 50 . Muncie Water Works 5s 66 N Ind Pub Serv 3 Yas 69 N Ind Tel 4'2s 5 Pub Serv of Ind 3%s 73 ..... L101 Pub Tel 46s 556 98 Richmond Water Wks 5s 57 ..105 Trac Term Corp 5s U. 8. Machine Corp 5s 52 *Ex-dividend.
LOCAL PRODUCE
giieavy bréed hens, 34%3c: Leghorn hens, C. wa hs. fryers and roasters, under § 8.,
Sia roosters, 16e. PT 8 Yoeeigta, 34. Jos. aud. 9.
NATIONAL HOSIERY MILLS
J. A. Goodman, Pres. Call RI-1321 8 AMM. to 5 P.M.
~~ ATTENTION
4—Ladies, age 18-45. By established gro-" cery company; for work in adyertising department. 5-day week. Salary. Apply 650
Virginia Ave. 534 Illinois Bldg.
AVON PRODUCTS 3. re training
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created shortages in strategic materials.
Seeereanares®
AANA
IIMIMITIMIIITTTTThNy
Elec Auto-L .. Gen Electric Gen Foods Gen Motors Goodrich Goodyear Ind Rayon ‘a Int Harvester.. Int Nickel Int T&T Johns-Man .... Kennecott Kresge S S .... Kroger G & B. L-O-F Glass .. Monsanto Nat Cash Reg .
' Denied Machinery
It develops, for example, that an American company which is at-
tempting to develop a diamond mine in Arkansas has run into difficulty in getting a clearance for a small amount of machinery, while a priority was granted to the British diamond trust for a much larger amount to be shipped to its diamond mines in South Africa. Inquries are being made at the war production board and in the office of war mobilization at the White House. An announced investigation of this diamond situation by the senate small business committee, at which justice department officials were ready to testify, suddenly was called off a few weeks ago by orders from the White House.
Tin “Double-Hauled”
The tin situation is even more intriguing. One phase of it is the double haul, whereby tin ore is mined in Bolivia, shiped first to England for smelting, then shipped to the United States for processing, whence it goes out again in various forms. The government now has built a tin smelter at Texas City, Tex, through the Metal Reserves Corp. and the RFC, but it uses low-grade ores from Bolivia, and the amount of ‘ore it can get is determined by the international tin cartel. And the thing about this tin situation that shocked senators on the small business committee is that the international tin committee, which runs the world tin cartel, voted Bolivia substantially the same amount of tin production for this year as last, while it increased the tin production allotment for occupied countries in the hands of the Japanese,
Malaya Vote Largest
This was revealed a few weeks ago by David Podel, chief of the complaints section in the anti-trust division. He explained that this strange situation comes about because the occupied countries, Malaya and Netherlands East Indies, technically have a majority of votes on the international tin committee, nine out)? of 17. Malaya has five; Netherlands Bast Indies, four; Bolivia, four; Nigeria, two, and the Belgian Congo, be.
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Personnel—
John W. Ladd, first vice president s|of Cherry-Burrell Corp. of Chicago, is slated to become president when W. L. Cherry resigns Oct. 15 to become executive committee chairman. Harold G. Fitzpatrick, associated with the Chase National bank 17 ‘| years, was elected controller of i |Jordanoff Aviation Corp., publishers la|of aviation books and technical manuals.
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Centered around The Monument are three circles of activity making Indiana a great state and Indianapolis a key city.
COLORED GIRLS for laundry; permanen work, esential business; full or part time; experience hot necessary. Com mercial Towel, 539 E 11th.
COMPTOMETER OPERATORS
Needed By Essential War Plant
Ages 17 and up. If you are interested in securing a permanent position with long established industrial plant conveniently located near downtown Indianapolis
See Mr. Graham, 5th Floor U. S. EMPLOYMENT SERVICE 148 E. Market St.
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Surrounding the Circle itself are many of Central Indiana’s great commercial institutions, in peace and in war the focal point of this section’s business activity. Beyond, in a wider sweep of Indiana, are workshops of the state — great industries joining full-force in America’s tremendous war task. And stretching out in a still broader radius are vast agricultural acres, supplying much of Indiana’s diversified farm products.
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Woolworth = Wrigley Yellow Tr .... Young Sheet .. Zenith Rad
U. S. STATEMENT
WASHINGTON, July 21 (U. P.).—Government expenses and receipts for the current fiscal year through July 19 compared with a year yA
Expenses ..$ War spending Receipts ... Net deficit..
. | Finance—
Consolidated Cigar Corp. will redeem on Aug. 20 all outstanding 10year 4% notes due July 1, 1950. Total is $938,130. A Hollander & Son stockholders will vote Aug. 9 on a plan to remove a clause from the charter permitting cumulative voting for directors. SEC will hold a hearing Aug. 18 on a Cincinnati stock exchange application to strike from listing and registration the $25 par common stock of A. Nash Co, Cincinnati. The exchange said the stock is “too closely held to be desirable for trading on the exchange.” A similar application concerns the A anti B common stock of Moores-Coney Corp. Cincinnati. Both companies plan to dissolve.
- ) 393% 357%
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In Memoriams 3
IN LOVING MEMORY of | Larry C Owens, who died a year ago today: Time speeds on, one year has passed Since death, its gloom, its shadow cast Within our home, where all seemed bright, And took from us a shining light. We miss that light, and ever will, His vacant place, there's none can fill; Down here we mourn, but nét in vain, For up in heaven we'll meet again; We hope, little Larry, to meet you Some day, we know not when To clasp your hand in that better land, Never to part again, Sadly missed by MOTHER, FATHER and BROTHER.
as Last 4,199, 415.596 % 2384015 3, 3. 689,000 338,600 1,26 4. 3 3 976,461 3.867.628
2,486,739,058 Cash balance 9,938, 786, - 3 ,014,971,056 Working bal. 9,176,109,707 252,532,654 Public debt 144,222,912 082 80,621.273,002 Gold reserve 22,357,267,213 22,742,032,608
Located in the very heart of this area, American National serves Indiana Commerce, Industry and Agriculture. As the war effort grows in magnitude this bank works ever more closely with customers representing these important interests,and provides a sound service in the financing of their vital activities.
INDIANAPOLIS CLEARING HOUSE Clearings Debits
14,719,000 Funeral Directors
Walter T. Blaseugym
2226 § GA-2570 3129 N. facts WA-5376
CONKLE FUNERAL HOME
1934 W. Michigan St. BE-1934
FARLEY-FUNERALS (Market 1234
604 W. Morris
FLANNER & BUCHANAN
25 W. FALL CREEK BLVD. TA-3377
BERT S. GADD _ | COUNTER GIRLS 2190 Prospect S MA nished. Experience unnecessary. Bure P
GRINSTEINER'S Blue Ribbon Dairy Bar, 48 N. Pena 1001 E. New Vor Dictaphone Operator
.H.H 1505 8. EAST ST. Excellent working conditions. Good hours; permanent i 4
HISEY & TITUS See Mr. Moore.
951 N. Delaware St. MOORE & KIRK Universal C. [. T. Credit Gorp 214 Big Four Bldg.
CH-1808 SHIRLEY BR DISHWASHER : Six days, no Sund
08 TW. st RONG
Telautograph Corp. quarter ended June 30 net income $40,331 or 18 cents a share vs. $32,159 or 14 cents
year ago.
COMPTOMETER OPERATOR Lt
Experienced or inexperienced, 40hour week. Time and % for overtime. Permanent. Apply OMAR _ BAKING CO, 901 E. 16th st. Ask for Mr. Price,
Each War Bond You Buy Brings Victory Nearer!
AMERICAN NATIONAL BANK
at Indianapolis
AND MARKET
101 108 IH 104 101 81 100
Best wages, meal
SERVING 4% INVESTOR ACTUAL information on securities, $0
F essential to intelligent investing, has been supplied by us to our clients for more than thirty years. We believe you too, as an investor, will find this a useful service. -
THoMsoN & MsKINNON
MEMBERS NEW YORK STOCK EXCHANGE 5 East Market Street Indianapolis, Indiana
MA-53%4
MED we MA-8488
L1.3828
IR-11 PENNSYLVANIA STREETS 50
A Branch Office is maintained at Jollege Avenue and 42nd Street sha Lm