Indianapolis Times, Indianapolis, Marion County, 28 October 1943 — Page 14

ARE TRYING TO disa the post-war car will be anything but in the same breath, they are trying to later on. That's good salesmanship,

engineering vice president, R. E. Cole, says

ce shows that revolutionary designs don't sell

will come by evolution rather than

Hie does» part

i; ft sities

patil i

I HH :iif

be practical and its adwould be offset by higher fuel costs. "Mr. Cole, however, does hope that automobiles of the future can be “cheaper to operate, “If aluminum, plastics, new steels, etc, are priced right, then the engineer will have & partial answer to his hunt for weight reduction. Greater gasoline

; [date for the

ict changes ultimately.

%/00ST OF LIVING

Labor Department Index 22Y2% Above ‘Little

Steel’ Base.

WASHINGTON, Oct, 28 (U. P). «The cost of living, spurred by in-

{rose four-tenths of one per cent from August to September after declining by 15 per cent in the previous three months, the labor department’s bureau of labor statistics reported today, Secretary of Labor Frances Perkins sald that the largest increase was in clothing prices for fall lines. She said the gains were most marked for women's wear and resulted largely from a shortage of lower-priced clothing and the fact that a formula of the OPA author fzed the increases to meet higher costs.

of food was reported as one-tenth

ing from declines of about two per cent in some cities to increases of neatly two per cent in others, A six per cent increase in the

double - the .prewar level of August, 1939, and a 3.6 per cent rise in fish prices, contributed most to the gain tn food prices, the statistics showed. It was explained that OPA regulations on eggs, recognizing customary variations, allowed a seasonal advance in their prices, but these

November, Miss Perkins sald that in September, the bureau's index of living

average for 1035-39. ‘That. represented an increase of five per cent cver that of September, 1042, 6'% per cent above May, 1942, and 22% per cent above January, 1041, base “Little Steel” wage formula.

U. 8. STATEMENT

WASHINGTON, O¢t. 38 (U. P.).—Covernment expenses and receipts for the current fiscal year through t. 20 com

red with a year aot. . p. gh oar pA To

TURNS UP AGAIN =

creases ir clothing and food prices, {-

The average increase in the price q

price of eggs to place their cost at|

ceilings will start going down In|

costs stood at 123.7 per cent of the |S

| Good

6200 Porkers Arrive

~ “At Stoekyards. Hog prices advanced 15 cents on all weights at the Indianapolis $1440 for good to choice 250 to 400-pounders, the food distribution administration reported. § Prices on sows advanced 10 cents. Receipts included 6200 hogs, 875 cattle, 425 calves and 1750 sheep...

GOOD TO CHOICE HOGS (6200)

Packing Sows Good to Choice

» 13.802 13.85

at 131.75® 13.80 13.70@ 13.80

[email protected]

450 500 pounds Medium a%0- 850 pounds Slaughter Pigs Medium and Good250- 550 pounds . CATTLE (873) Steers

Choice 700- 800 pounds 900-1100 pounds ... 1100-1300 pounds 1300-1500 pounds «.isesescss Go

14.75@ 15.75 vee 14.7561 16.00 15.00@ 16.00 + 15.00@ 16.00 “reveneneces [email protected] 000- ." . [email protected] 1100-1300 pounds .. . 13 S04a15.00 1300-1500 pounds vesssnnaneses 13 [email protected] Medi fume 700-1100 pounds ...e.cvveeee. [email protected] 1100-1300 pounds .. 10.50913.00 Common - 700-1100 pounds « 8.00210.35 Chotce— 0600- 800 pounds .......... 800-1000 pounds Coos 300 ds . poun 800-1000 pounds Medium

veo [email protected] eres senses. [email protected]

. [email protected] [email protected]

vieensesssees [email protected] 1.75@ 9.15

sesatbanans

tres nsernane

of one per cent, with changes rang- | io

edium Cutter and ‘common ‘erred anner

Bulls (all weights) reser. errseessesnsaaas 10,00910.50 Sausag |

oe ood 4 (all weights) . 9.00210.25 ® Cutter | and common CALVES (425) Vealers wil weights) Good to choice Common and medivim

Cull (75 Ibs, u 6.000 9. eeder and Rocher ‘Cattle and Calves Steers

teisennns weed 10000112 vere en 10751118

11.00 10.76

Choice

9.75 9.50

nds 800 1080 Pounds sevens Medium

[email protected]

500 pounds ii Medium 800 pounds dowm ... ‘e Calves (heifers) Good and Choice

800 pounds down , [email protected] Medium on

500 pounds down [email protected] SHEEP AND LAMBS (1750) Ewes (shorn) choice

+ [email protected]

and 4.750 5.75

3.75@ 4.7

Good and choice

3 » Medium and good

MOR sss asst sicciin.: 000 American Rolling Mill Co.,, nine

: months ended Sept. 30 consolidated

net income $5,404,405 or $1.35 a common share vs, $6,075,321 or $1.59

stockyards today, lifting the top to

é 3.40 Goodyear 1

3 Kroger G & B. 3 on 50 | L-O-F-

P 8.250 9.75

Bt « [email protected]

This photo, just released in Washington, shows the important ball bearing producing furt, Bavaria, in flames after a heavy raid Oct. 14 by Flying Fortresses of the U. 8. 8th air force. The fac tories, producing this most important part of Hitler's war machine, were left in 3 of the raiding force, 60 Fortresses were lost—only a fraction of the number of gunners in the Forts and the P-47 Thunderbolts that accompanied them par enemy fighter planes, with 26 probables and 17 damaged.

of Schwein-

N. Y. Stocks

Net Last Change

High Allegh Corp ... 3% Allis-Chal coe 31 L788 13%, Rad & B8 9% Am Rol} Mill |. 14% Am T & T ...156% Am Water W . 7% Anaconda ..... 267% Araiogt m ... 5% Atchison ...... Atl Refining ... Balt & O pf .. org-Warner .. 36% Mts vis BTUO

en 132 0 vo 49% Cons Edison 24 Cons Vul Aire pt 21% Corn Prod .... 58% Curtiss-Wr A .. 18% Dome Mines .. 22% Douglas Aire .. Dow Chem .. Bast Kodak ... Elec Auto-L .... Gen Foods ' Gen G&E A .. Gen Motors ,.. § Goodrich

26% 10% -

Briggs Ca J

+] 4++1+1:

[+1 +:

nt Harvester ,, Int Nickel .... Int T&T Johns-Man Kennecott ...

Fel+ +:

Glass . Minn Mny ... Monsanto Nash-Kelvy Nat Biscuit ...

rll ++

Pan Am Alr ... Penney ........ 9 Penn RR Procter Pub Se

I+

rv ..... 153

Sears Roebuck Servel Inc .. Shell Un _Ofl .. 23%

std Oil (Ind) .. Sid Oil (NJ) .. Studebaker .... Swift Intl A Oil

mE HE 4H +

West Air Bke .. West El 1 ptf .. Worthington ... Zenith Jd... pe

BUSINESS AT A GLANCE

By UNITED PRESS . Climax Molybdenum Co. quarter ended Sept. 30 net profit $2,144,831 or 85 cents a share vs. $3,143,800 or

£22

" The German firm, according to

In that same year—1891—one of the Merck family came to this coun-

‘ltry and organized a partnership “| which in 1908 became a corporattion

acting as sales agent for the Ger-

| man firm, Berge said.

Since the British blockade of

two months or.at 1,000 miles — whichever comes first?

U.S. Charges Merck Company «Is Cartel, Aids German Firm

i WASHINGTON, Oct. 28 (U, P.).—Attorney General Francis Biddle » announced today that the government had filed a civil complaint in the Trenton (N. J.), federal court charging Merck & Co. Inc, Ramsay, “3% IN.-J., and BE. Merck Chemical Works, Darmstadt, Germany, with main- -. | taining a cartel agreement for dividing world markets and protecting the +! German firm's South American market during the war,

Germany began in 1939, the complaint said, Merck of Rahway agreed to supply the German firm's agents in South America for the duration of the war and then return to the old agreement which prevented the American firm from exploiting the Latin American market. The action, seeking dissolution of the cartel, was brought under a section of the Sherman anti-trust law which regulates international cartels,

Q. Why should oil be changed every

shares of the Standard Oil Co. California; 50,000 shares of the Standard Oil Co. of Indiana, and 150,000 shares of the Sinclair Oil

The first annouhcement of the proposed sale cilused the stocks to

postponement caused them to rise, and after abandonment of the plan yesterday they advanced further,

Won't Talk

Information on the deal was difficult to obtain. Again the Rockefeller spokesman through a secretary said he does not speak to newspaper men, The investment bank handling the deal refused comment. New York newspapers laid the cancellation of the deal on the SEC's doorstep. Leslie Gould, financial editor of the New York JournalAmerican, in his daily column, had this to say: “Well, the little SEC—the securl-

gone and done it again,

interpretation of its rules, the little agency has stopped the sale to the public of a million shares of Rockefeller stock in five large oil companies. “And with the.same stone has

A Your car produces pondly 1 gallon

of water per gallon of gas burned. Short-run driving fails to expel all this water. Some gets into the crankcase and contaminates any oil especially in cool and cold weather.

killed off a $25,000,000 purchase of

“Through its rules, or cockeyved |

The New York World-Telegram ascribed the stoppage of the sale to BEC Jepaation requirements, and “Wall Street, while naturally not officially informed, was inclined to expect the sale of the securities through piece

would be carried |Socony-Vacuum Oil Co. Inc.; 100,

meal by way of the national ex= changes where the shares are listed rather than as a secondary distri~ bution as originally planned.” Market men aren't worried over the million Rockefeller shares overs hanging the market. They assert that offerings of the stocks involved would be quickly snapped up. As & matter of fact, the Street informally sampled the market when the offer ing was originally announced and found that the whole million shares would have been over-subscribed by a wide margin.

GRAIN PRICES TURN LOWER AT CHICAGO

CHICAGO, Oct. 28 (U, PJ) Grain futures eased slightly from the firm opening on the Board of Trade today. At the end of the first hour wheat

‘was up % to % cent a bushel from

| tF 14 ties and exchange commission—has | previous $1.55G1.554%. oats une

changed from 76%¢; rye unc to off 4 from $1.13%@1.13%, and barley up %ec.

WAGON WHEAT

Up to the close of the Chicago 3 today, Indianapolis flour mills and in| elevators paid $1.66 per bushel for No, 1| wheat (other grades on their merits). No. 2 white oats, and No, J No. 3 yellow Shelled corn, P)

bushel, and No. 3 white shelled corn, $1.3

‘oe | year ago. $1.25 year ago.

Fletcher Trust Company

Stdtement of Condition October 18, 1948

The Indiana National Bank

of Indianapolis

BANKING DEPARTMENT Statement of Condition October 18, 1943

RESOURCES

ayt --

real estate SRNR NRRNRNNRRRIERRIRNRNNNYDY

resources SERRANO NNRRRNNIRRRARNNNRIINS

in Federal house

od Sess ssssetEneRee

‘esas enRsERs nnn

interest receivable

-3 we

srssene Sees ssssvsntnne

Liabilities corners es ines $1,500,000 00 ves, 500,000 00 Profit os vessnaasesss 1878361 23

taxes Cana RsEARRRI IRIAN

LIABILITIES .$4,000,000 00 >No. EA ceassassassess 8,000,000 00 4,558,575 05 § 14,558,575 08 accrued

$ 3am8561 2 81 57 : 6,940 a | T054744 #4

$75,008,049 27 TRUST DEPARTMENT

Capital SEB NNINININNS BERANE AN IAN NRRIT RENNIN

432507 88 eesnves 354,108,135 61 27,200 27 7.588 23 $269,129,007 00

Member Federal Deposit Insurance Corporation

Other labilities SAERNNNNNNNNNN BRN NRNNRRRII

*Here's your easiest-on-the-battery motor oil!

~The Merchants

National Bank ~ National Bank

= : ‘at Indianapolis Statement of Condition October 18, 1943 RESOURCES

with Federal RE po," Pel, certificates of 43 ...oeees 15,201.876 66

States Gover Sa securities coe 36,041,872

2 suri rover 1,526,064 79 Ea

THE cut for motor oil selection this fall is—save that battery, protect that engine, stretch those gas coupons. Change to Standard’s famous Iso-Vis 10 W, the fastest starting, easiest-on-the-battery ~

10 W motor oil you can buy. : om lt part 9

At today’s reduced speeds, oil consumption is greatly reduced, less, run down faster. Too-heavy oil increases battery drag, Iso-Vis 10 W gives instant lubrication, yet stays tough under heat—gives full engine protection. Get it today: And make an early appointment

~ . RESOURCES {ia er Banks eee - securities essen 32,846,107 4,510,685 18,447,764 48

sone $6,700 00

apananssnnennes” SHO.100 49 ohh” mesouites 225200 58

“WL ©

dincoun: +. sessnene

S— $87,747,960 13

Preferred 08K cassis ecrnssonsesinn esesee 00 0 * Common stock mt

Avan a TT

Boaabarns ian