Indianapolis Times, Indianapolis, Marion County, 19 July 1944 — Page 8
NES
find a substitute for tapioca
yielding, poorly growing stra yield and sturdy enough for American Maize-Products Co.! gave perimi ucts rted research at the Sf versity of Nebras-|
to grow commercial of waxy maize. They combined their crops and ground them at American MaizeProducts Co.'s] Roby, Ind., plant. Last year they, ; planted a much larger crop and it was ground at the Indianapolis «(Piel -Brothers) plant of NatioMal Starch Products, where special preparations were made fo handle it. This was last! February. The result was a starch product) they call “Amioca,”. the first two letters coming from American Maize | and the remainder from tapioca.! The new product is substituting for _imported tapioca flour, a war casualty, and for other tuber starches,
3 “such” as white and sweet potato ©. flour.
At present, it doks* as if Arfiioca | can compete in price with highgrade tapioca flour, and it may have advantages for certain uses over other starches, as well as natural gums and gelatins,
” = = HIGH SALARIES don't make good impressions on stockholders but when the management seeks the latter's vote at company election time, those salaries are published in the proxy solicitation. It's required by the SEC. . To soften the blow, a number of companies are starting to print the full salary, and then beside it, they show what the executive's “take home" pay was, how much he had left after taxes. For example, Standard Brands reported it paid its president, James 8. Adams, $75,000 in 1943. But his “take home” pay, after taxes, was only $28,461.
” ” GERMANY'S POTATO crop, the great staple of that country’s diet, is the smallest in 20 years. The food situation is not critical yet, reports say, but it’s beginning to look like .1917 all over again, slaughtering pigs to make up for Potatoes. n THE LATEST is the “Hat Research Foundation,” a high-sound-ing name for some hat manufacturers who are trying to combat the style of going without a hat,
WAGON WHEAT Up to the close of the Chicago market today, Indiaapoliy flour mills and ir elevators paid $1.42 per bushel for Jed wheat (other §iades on ines merits), 3 Fite oats, 79c, and No, 3 red oats, fo. No. 3 yellow shelled corn, $1.06 per bushel and No. 3 white shelled corn, $1.24.
ancial aid to the lowa ex-, t and National Starch Prod-
ka. By 1942 each! company was able! its first/ crop |
aii
#New Starch Product Developed From . Waxy Corn, Processed in Local Mill By ROGER BUDROW
AN EXPERIMENT IN WHICH A LOCAL MILL, two universities and several corn processors worked together to
has proved successful.
The experiment was under way before the war, when Jowa’'s agricultural experiment station started cross-breed-ing the original Chinese waxy corn to convert it from a low-
in to a hybrid variety of good commercial planting.
2417 PORKERS
Market Steady With Top at $13.80.
There were 12,400, hogs received at the $tockyards here today and 2417 held ovef from yesterday, the war food administration reported. The market remained generally steady with the top at $13.80 on 180 to 270-pounders. Other receipts included 1525 cattle, 750 calves and
WHEAT YIELD REPORTED GOOD
Harvesting of y of Oats Rye’ Under Way With Crop ‘Fairly Good.’
| Threshing and combining of wheat is making excelent progress and nearing completion with very good yields, the Indianapolis weather bureau’s weekly crop bulletin reported
| |
| The harvesting of oats and rye is | well under way, with crop condi[tions averaging fairly good. The corn crop varies from very good to fair. with improvement in areas that {received substantial rains and further deterioration where the rain{fall was slight; some corn is being {cut. prematurely. for silos; chinch bug damage is considerable in sev{eral counties, Much hay was saved; second crops are ‘very short and young clovers have suffered materially. Soybeans are making slow progress and need rain. Meadows and | pastures have largely dried up. Potatoes have deteriorated rapidly and the outlook is only fair, Tomatoes are fair to good, with much fruit on the vines, but developing slowly and much in need of rain.
AUTO INSURANCE TERMS BROADENED
NEW YORK, July 19 (U. P).— Automobile owners today started to receive broader liability insurance protection, according to the National Bureau of Casualty & Surety Underwriters and the American Mutual Alliance. The additional coverage for which there will be no extra premium charge will include bail bond’ exe penses for every risk insured for bodily injury liability; the “drive other cars coverage” for private passenger cars has been extended to apply to automobiles of any type, including commercial types; and extension of medical coverage to private passenger automobiles now
members of his family. While the insurance company does not obligate itself to obtain a bail bond, this of necessity remaining a responsibility of the individual insured, the company agrees to pay ‘the standard premium for bail bonds up to a charge of $100 for any one bond, the Underwriters said.
Man's
Women now form 61%
and women are carrying
not been entrusted to the
with them.
conditions. Women are
PENNSYLVANIA AN
Cr
staff. This Bank, like most others, has turned from
a man’s world into one where alert, capable girls:
so capably and with good humor. As page girls, messengers, bookkeepers, transit clerks, tellers, stenographers, secretaries, and. in many other important capacities, they are serving our clientele. Diligence, skill, and patience are characteristic of them; they have a spirit and will. ingness that make it a pleasure to be associated
As a bank, we are intensely aware of a wartime urgency to do the best job possible under current |:
of this responsibility. We know that the public which they serve recognizes as we do the con-
"tribution which they are making.
Each War Bond You Buy Brings Victory Nearer!
AMERICAN NATIONAL BANK
dt Indianapolis
: A Branich Office i is 8 Maintained ueLologe Avenue and 42nd Strest :
% 7 % 7
World
of American National's
SRNR
responsibilities that have
m before—and are doing
shouldering a large part
DP MARKET - STREETS
Federal Deposit Insurance Corporation
owned by the named insured of}
| Bobbs-Merrill 4% prd =.
1175 sheep.
GOOD TO CHOICE HOGS (12,400)
120- 140 pounds 140- 160 pounds . 160- 180 pounds 180- 200
. 12.00@1225 [email protected]
160- 70 pounds Packing Good to Choice— 270- 300 pounds 300- 330 pounds .... 330- 360 pounds .... 360- 400 pounds ... Good— 400- 450 pounds ..eesees
[email protected] « “[email protected] . [email protected] . [email protected] . 11.20@11
450- 550 pounds ..eecenseens . 11. Ae Medium— 250- 550 pounds ..........0.. [email protected] Slaughter Pigs, Medium and Good— ’ 90- 120 pounds [email protected]% CATTLE (1525) Chotce— 00- 900 pounds [email protected] 900-1100 pounds .... [email protected] 1100-1300 pounds .... [email protected] 1300-1500 pounds [email protected] Good— 700- 900 pounds .... . 14.75916.50 900-1100 pounds [email protected] 1100-1300 pounds 15. 25¢ $16.75 1300-1600 pounds ... « [email protected]% Medium— 700-1100 pounds ..... eresens [email protected] 1100-1300 pounds ....svese eens [email protected] Common-— - . i 5 700-1100 pounds ..... awven vee [email protected] Heifers : Chotce— % 600- 800 pounds ...,.. assenen 15.75@ 16.26 800-1100 pounds ..eveeesseses [email protected] Good 600- 800 pounds ...ccecoveene [email protected] 800-1000 pounds ....eoseenien [email protected] Medium — 500- 360 pounds cetieseneanes [email protected] Comm 500- 900 pounds .........o.. [email protected] Cows (all weights) Good ........ FU RIERTERTTER 11.50 @13.00 Medium .....Y veins 5@11 {Cutter and common ......... 6.50® 9.25 CRONEE wvvernnevnnrnnenanennn 5.25@ 6.50 Bulls, (all weights) Bee Good (all weights) ..cevev.. [email protected] Sausage— Nereeserceniretsnsteeae 9.50911.00 Meditm ...oooviiininranan 7.75@ Cutter and common........ 5.75@ 1.7% CALVES (750) Vealers (al) weights) Good to choice .............. [email protected] Common to medium ......... [email protected] CUHE, covnrticessrrrrsvronreone 5.50@ 7.50
Feeder and Stocker Cattle and Calves Steers
Choice 500- 800 pounds .....c.cveee. [email protected]% 800-1050 pounds .....ees reese [email protected] Good— : 500- 800 pounds .....ee0.. vse [email protected] 800-1000 pounds ..eseeee sees [email protected] Medium-— 500-1000 000 pounas sereaseseanes 8.75910.00 900. pounds ........en.ue 7.50@ 8.78 ..! Calves (steers) Good ‘and Cholce— 500 pounds down ........... [email protected] Medium— 500 pounds $ous rrrersrrave 9.00911.2% Caives (heifers) Good and Choice— 500 pounds down ........... [email protected] Medium— 500 pounds down ........... [email protected]
SHEEP AND LAMBS (1135) (shorn)
Good to choice
Good to choice Good to medium Medium .
SPRING LAMBS Good to choice Medium to good .... Common
LOCAL ISSUES
Nominal quotations furnished by Indi. anapolis securities dealers,
Agents Pin Corp OM eevevese Agents Fin Corp pid .. Belt R Stk Yds com.. Belt R Stk Yds pfd... Bobbs-Merrill com
Circle Theater com ..... . 50 Comwlith Loan 5% pd’ ve 104 107 Delta Elec com ........ «so 13 14 Hook Drug Co com... . 16 18 Home T&T Ft. Wayne pid 51% ..... Ind & Mich Elec 7% pre | .113 116% Ind Asso Tel 5% pfd...... TY 01 Ind Gen Serv ciireieeees 100% LL... Indpls P & L pfd’ cirenses 112% 115 Ind P & L com ........ 17% 18% Indianapolis Railways com 13% 15 Indpls Water pfd .............108 ..... Indpls Water Class A com. . 17% 19 Jeff Nat Life com.......co0enee 15 17 Lincoln Loan Co 5%% pfd.. 85% 100 Lincoln Nat Life Ins com 41 45 P R Mallory 4'2% .... 28% 30% P R Mallory com ..... 25% 27 N Ind Pub Serv 57% pid 100 10215 N Ind Pub Serv 5%2%........103 105'2 N Ind Pub Serv 6% pfd..... 105 1071; N Ind Pub Serv 7%...... ..112% 115 Pub 8erv Ind 5%...... .107 110 Pub Serv of Ind com.. . 17% 19 Progress Laundry com . 15 17 *So Ind G & PF 48%... .103 08 Stokely Bros pr pf ceeeeseses 16 17% United Tel Co 8% ..ovecenves 91 eens Union Title com ....eecee cess 28 38 BONDS Algers Wins'w RR h% . eels 100 LL... American Loan 3 51 . 100 American Loan 58 46 - 9 181 Ch of Cott Bldg Oo 44s 51. 84 81 Citizens Ind Tel 4%s 61 .....103 106 Consol Fin 68 50.......... 08 101 Ind Asso “rel on 2a 0 L108 LL... Indpls.P & L 3 . .106% 108, Indpls Railway & 5 67 . 18 81 Indpls Water Co 3'%s 68 .107% 109 Kokomo Water Works 5s 58...108 crs Kuhner Packing Co 4s 54 .... 97 100 ‘| Muncie Water Works 5s 66...105 Co N Ind Pub Serv 32s 73 . .10 103Y N Ind Tel 42s 55 91 | Bub Serv of Tnd 3} Ves 13°. . 1 108145 Pub Tel 4l28 55 .. -10 103 | Richmond Water Wks 5s 57..105 . Trac Term Corp 6s 57 ...... 8915 92; U 8 Machine Corp 58 53 ..... 99 102 *Ex-dividend.
. STATEMENT
WASHINGTON, July 19 (U. P.).—Gov- | ernment expenses and receipts for the
U.S
; | current fiscal year through July 17, com-
| Paved with a year ago:
This Year. Last Year. { Expen sex ..$ 4,281,586,107 $ 3,653,389 856 | War spending 3.636,574.777 3,306,360,279 | Receipts _...., .182,709,059 1,151,289,831 ‘ Net deficit, 3.008,877,047 502,100,024 Cash balance. 23,005824,960 10,111,098,489 Working bal.. 22,242.078,602 9,348,422,024 Public debt . 208,479,993,916 144,162 889,204
Gold reserve . 21.008,954.552 22,357,106,796
INDIANAPOLIS CLEARING HOUSE | Clearings | Debits
FOUNDED 1913
THOMSON & "M¢KINNON
SECURITIES » COMMODITIES
5 East Market Street Phone: MArket 3501
11 Wall Street, New York Branches in 32 Cities .
Write for our r week! ly Stock Survey
Members New York Stock Exhinge ond other principal exchanges
ARE HELD OVER|
12,400 Hogs Received Here:
Calves
EMPLOYMENT
Employment (Manufacturing) ...:. Payroll (Weekly) .............
Filed Unemployment Claims ..
June, 1944 cesses 13,281 ceenennses $3,226,690 tiescesses 9,160 Cees eee. 143
TRANSPORTATION
Inbound Freight (carloads) ...
Outbound Freight
Streetcar, Bus & Trolley Passengers......
10,071,568
Airplane Passengers (arriv, & departing) 4,108
BUILDING
Houses (permit value) ........... Business
Sess ssRsteRENEr Rss
veeres. §155,700 Sever. $8,000 - 560.00
Srssssecesressarens
Repairs & Alterations ................... S130,
FINANCE
Bank Debits .
.$136,022,000 $447,801,000
MARKETING RECEIPTS
Hogs (head) ......oconveniecnennns Cattle
Wheat
scorns enttissesencere
S000 stec0RteRtRtRRets Ree
.. 178,174 eoresesies. 28,260
Satesiasiessescsncarseansescesies: 16450
terveieesseiestencensse soascnsies- 1,103
heep Corn (bushels) ....c.co.c00veeeecesseres 807,500
eee. 1,224,000
OBES vuuvreniiiacienioneoncanssnennses: 80,000
Rye ...
“eecesrevieriencsecersernnetrre
SOYDeANS ....v.eeneniecencniennnnnns Ce 12800
MISCELLANEOUS
Telephones in Use ,...0........c.c00e0.s. 132,051 Postoffice Receipts ..........c.o0enie... $551,248 Electricity Output (by kwh.) ..7......... 94,751,000
Gas Consumption (by cubic feet) ....
+00. 574,152,000
Water Pumpage (by gallons) ............1,588,570,000
eoreesessss. $4,428,828
Relief (Persons) ......ceceseenneececnsss. 550
. §6,943
May, 1944 BI. ...—- 33 $3373895 ......— 44 4403 ..........+ 113 Secossncan 31.6
mal ........— 63
11314 .........+ 09
10,364,799 ......— 238
3B cinnniet+ 93
$314,225 .......— 50.4 0.0 0 tiiesiinnenes +1000 0 tiiiiienness.. +1000
$82,346 serene 69.1
$115,271,000 $388,984,000
ceo 18.0 «oot 151
178,752 .evvvvu. = 03 30610 ...0vi0u.— 17 13,143 .....c.0.04 252 3678 ....ci00..+ 931 1,001,300 tosses. 19.4 2,705,400 sens s™ 54.8 gererneest 333 seceeiaee==100.0 0.0
? -.132,3% secesee. -— 0.2
$530,229 ......+ 40 95,653,000 .....— 09 594,114,000 ....— 34 910,000 ...+ 66 $2,882,344 ......+ 53.7 599 ...c0iieie— 82 $8,052 Sees ass es™ 13.8
Sources of above information: Indiana Employment Security “division; New York Ohio, Monon, Illinois Central and Nickel Plate Railroads; Indianapolis Railways; Judianap
ing Commissi
im Board of Trade;
Chamber of Commerce.
ener: Indiapapolis Clearing House Association; u. Commerce Department; Indiana Bell Te Indianapolis Power . Light Co.;
Gas & Coke Utility; &
Dun &
Sp Sa
ture Marketing
% .
a Ma
Compared With June, 1943 % “9881 ......... — 83
$3,340,046 ......— 3.4 4169 ..........+ 238 124 .oiieneineent 153
16,491 12213 .........— 68 9,935,669 .......+ L4 3621 ..........+ 134
$45,500 ....0...+242.2 0 vi cvirensens OB $500 esses +1500.0 $61,400 ........— 23 $500 ..........=100.0 $57,814 ........+140.9
§135,386,000 $439,821,000
eed eet
05 18)
231,418 ...e000. = 23.0 17,326 .....0...= 63.1 1,134 .........4 477 10,598 cress ses™ 33.0 1,370,000 ......— 4L1 1,159,000 ......+ 56 321,500 esssnsge™ 5.6
TEST LIFE RAFT
Kokomo-Made St Steel Mode To Be Pitted Against
7. Wooden Type.
WASHINGTON, July 19 (U. P). —Rear Admiral Harvey PF. Johnson today announced that a series | tests of life rafts will be cond: by the coast guard, probably within a month or six weeks, to settle controversy over the relative merits
tof steel and wood models, vesrt 34F
close of a meeting of more than 200 raft manufacturers, shipping men and steel and lumber producers. “The only criticism of steel construction we have heard,” Alden B. Chester of thé Globe-American Corp., Kokomo, Ind, told a 12-man coast guard panel, “comes from the lumber interest. Certainly this criticism is of a selfish nature.” His firm makes steel rafts. “Let’s have some real tests,” E D. Taylor of the Taylor Life Raft Co., of Pasadena, Cal, demanded.
to piles of scrap iron. Let's 1aachine gun them. Let's pour 50 gallons of oil on them and set them afire. “Then we'll know which type is best for saving lives.”
GRAIN PRIGES FIRM ON CHICAGO MARKET
CHICAGO, July (U, 4p), — Grain futures ‘main a steady
59,400 .........—100.0] 147,200 ........— 913 120809 ........+ 17 $441,923 ......+ 24.7) 88,874,000 ..... + 6.86 582,503,000 ....— 1.4] 1,510,340,000 ...+ 5.2 $94,683 ...... +4,577.0 1,220 ..........— 549
$15123 ........— 541°
Pennsylvania, Baltimore & Ek nieipal Airport; City BuildService; Indianapolis | !
A Co.; Tndianipeiis Fostties eben Pr ewashiy Trustee; a
Ce. 8.
Customs Office; Indianapolis
to firm -tone onthe board of trade | today. At 11 a m, wheat was up % to
1% cent a bushel; oats up % to %,
and rye up % to 1
LOCAL PRODUCE
avy breed hens, 30a, Leghorn bens, Broflers, i fosters. ander § bs. Se Tm Old a i rng, Eggs—Cur 30c. Grade A. large, 40c; ade A medium, 36¢; grade A
small, 26c. o grade, Butter—No. 1, §0c. Butterfas — No. 1 9c: No. 2. 36e.
His announcement came at the!
“Let's drop these rafts 50 feet on-|Zenith
3 Wr
pf 116% 1 118% +1 Am Can ..... 90 8 + Ya Am Loco .,.... 19 13% + Am Rad 88.1 1n 1% .... Am Mill. 1 15% 18 + % Am Tob B ian. ne ha EB Am Water W., 8% se sof Anaconda .... 26% 26% + Armour & Co. 6% @ + Atchison ene 10% “0% + % ald Loco ot. 22% 22 2% + Ya Seth Steel 7 pf.126 126 1286 ~~ 3 Jorden «+ -» 32% 2% 2% — % dorg- es 41% 41% 41% .... Cterpillar T .. 51% 51% 51% + % Ches & Ohio . 47 46% 41 + Ya Childs" ....... 3% 2% 2%..." Curtiss-Wr 5% 5% 5% + Ya douglas Aire , 54 54 54 4 YU Du Pont ..... 158% 158% 158% + % Gen Electric . 39 8% 8% — % Sooayear ca 49% 48a 49% + 1 Grey Cp. 23% Ri Ba I % Int Harvester , 78% 3% 8% % Kennecott ... 3% 3 has Anal Ba pet Nat Distillers "© 34% 34% 34% .... N ¥ Central + 3% ie Ine + % Ska vas 5% 8 +. % Pan Am Air .. 33 32% 33 + Penney ......103% 108% 103% + Pent RR ... 30% 30% 30% + % Phelps «23 2% “+ Pullman ..... 40% 43% 4% + Pure Oil ...... 16% 16% 16% «+ 3% tepub ve 20 19%, 20 + teyn ‘Tob -o 33% 0% BU + Y% ervel Ine .... 23 0 el ro Soc-Vacuum | 14% 14 14% 4+ Y% South . Pac .,. 323; 31 32% + Std 32% 32 2% + 4h Std O Oal .... 38% 38% 38% — Y% Std Oil (Ind).. 33% 33% 33% + % Std Oil (N J). 1% He ST + Tenn Corp ... 11 20th Cent-Fox . 25% 25% 25 a U 8 Rubber .. 53 52a 53 + hh US Steel ...., 60% 5% 60 + 5 Warner Bros .. 13% -13% 13% + 1p Youur, ii i my; he + Yq Rad .. 42% 41% 42% + 3
20 PREFERENCE ON COAL GIVEN TO STATE
WASHINGTON, July 19 (U, P.). —Southeastern and middle western consumers were given solid fuels administration y today on southern Appalachian bituminous coal for home heating after indusEastern Indiana was among the mid-western states given second preference, . i ——— dnl RAIL TO ISSUE NOTES WASHINGTON, July 19 (U. P..
of serial promissory notes, consisting of 20 notes in the amount of $50,000 each. The proceeds will be used to pay part of the cost of constructing certain equipment:
‘Good Soldier
Good soldiers...
+WAC
WOMENS ARMY CORPS
The proudest title
in
-~
IT CONSISTS of two simple words. Yet every soldier who's worth his salt covets it. “This title is simply: “Good Soldier.” It isn’t just happenstance that so many womé in the WAC have earned
7
Making strategy maps for combar
» FOR FULL INFORMATION about the Women’s Army Corps, go to your nearest U.S. Army Recruiting Station. Or mail the coupon below,
the Army
-
Wa vy ~~
this title—the proudest in the Army. For. wherever Wacs are working, both here and overseas, there you find a job well done. And done with a spirit so gallant and fine that high Army officers everywhere say of the WAC...
“They're soldiers. Good soldiers!”
Checkil pilots fo and yd war 20nes
5
§ ‘eo
It w Frontier Asth i682 Niagara St,