The Indianapolis Star from Indianapolis, Indiana • Page 35

iKU'sr. wins Usl Cains Despilc Public Apathy .1 tV 1 fez It 4. Home Plumbing (AP) The sUnk market ad winced a step last week for the first time in three weeks. All five sessions were characterized by a general lack of public interest. WE WEEK J.V lt()l)S 2 rails off 1.6 and utilities up .4.

The Dow Jones' industrial average gained 4.98 but the 65-stock average was ahead only .48. Standard Poor's 500-stock index picked up .51 at 58.89. On Wednesday the Dow-Jones utility average closed above the rail average for the first time. It held a slight margin at the end of the week. INVESTOR indecision was apparent from the fact that in each session the daily trend was not defintely established until the final half hour of Prices Mixed, Trade Dull 1 1 i ti i i i i rff" 51 V.

WV jr si i ttmmm whrnmihtifrftiwif tiiiiiivniin nvrrt'mhitii mm lie By DOROTHEA M. BROOKS New York (UPI) The promise of rigid plastic piping in home plumbing should be realized to some extent this year and by 1970 all-plastic installations should be common, according to the trade. The pipe and fittings already are available. How soon they can be installed in most U.S. homes is going to depend not so much on the manufacturers, who are geared for production, but on the speed with which national standards groups and state and local building code authorities act to facilitate its use.

A LOUISVILLE fittings manufacturer, Tube Turns Plastics affiliate of Chem Corporation, says some installations of all-plastic piping in home plumbing will begin to appear this year in areas where special building code exceptions can be obtained. "Best guess by manufacturers is that city-or state-wide REALTOR HONORED William W. Johnston (left), outgoing president ot the Independent Real Estate 3rokers Association of Indiana receives a plaque expressing 1 3 grouo's appreciation for his services from Herman R. Rcse, the newiy-rlec'ed president. The presentation wos made at the organization's installation dinner ') hu sc'ay night in the Ma.ott Hotel.

(Star Photo) Livestock Prices For Week fr.mi oxerpowcrmg. although the popular market: averages all showed gains. The Associated Press average of 60 stocks was up .8 at 223.6 with industrials ahead to a slight premium. This week's corporate calendar shows little major new financing to be opened at competitive bidding. THERE WAS more news in government financing, however.

The Treasury said its latest and biggest advance refunding was a big success, with public investors accepting of new securities ma turing in five to 10 vears. The Canadian government also entered the picture. For the first time in 12 vears it made a direct entrv into the New York bond market and negotiated a 25-year, 5 per cent, $250,000,000 issue. The money will be ued to reinforce the country's exchange reserves. Milk Surpluses Up Rut Production Down Washington (AP) Milk production per person in this country is declining and yet surpluses continue to pile up.

An Agriculture Department report showed yesterday that August milk production was the equivalent of 1.77 pounds a dairy per person, compared with 1.81 pounds a year ago and 1.99 pounds for the 10-year August average. Total production of milk during the first einht months of this year was 87.940,000,-000 pounds or about 1 per cent mor than in the like period last year. But the increase in population was more than this, reducing the per capita supply. Steel Profits May Fall New York (AP) Steel's financial picture will get worse before it gets better, but improvement should not be too far off, says Value Line Investment Survey. It said earnings will fall in the September quarter and that some dividends may be endangered.

But modernization programs should begin paying off in better profits in years to come. Airplane Sales To Get New York (AP) Trading generally was dull. Price changes were small, and by the end of last week the gains and loses in the bond markets had nearly averaged off to a standstill. It was, nevertheless, a lively week. IN AX AREA of finance characterized by traditions a tradition was broken.

The United States Treasury announced it would offer bonds on a competitive basis. Heretofore the Treasury itself fixed interest and other terms and sold the bonds on a subscription basis. Under the new plan, an experiment, a block of in long-term bonds will be put up for competitive bidding within the next six months. The announcement caught bondsmen by surprise, and much of Friday's activity was concerned with talk of form ing syndicates to purchase the Treasury issue whenever offered. Little trading was done.

FRIDAY'S corporate vol ume on the New York Stock Exchange fell to $3,440,000 par value, lowest of the week. The entire week's total was only $19,940,000, compared with $16,430,000 in the pre vious holiday-shortened trad ing week. Prices gave this appearance: Among governments, most of the distant maturities closed around 1232 higher than on the previous week's close. The 3'2s of 19P0, for example jumped to 92 632 from 91 2632. In the corporate sector, the Associated Press Averages showed rails up 0.3 at 77.7, industrials unchanged at 9S.3, utilities lower bv 0.2 at 88 and foreigns down 0.1 at 86.8.

IN NEW financing, an issue of $50,000,000 AA rated Pacific Northwest Bell Telephone Company 4 38s due 2002, offered at a 4.27 per cent basis, received only a mild re ception. The offering of BAA rated Tennessee Gas Transmission 5s of 1982, offered at a 4.90 per cent basis, was sold out and went trading. Monday it was late buying that cut earlier losses to produce a mixed day. Tuesday there was a late sinking spell. Almost all of Wednesday's gain was recorded in final trading, while Thursday's market turned lower in final trading.

Friday's rise wasn't established until the closing minutes. There was some major business-economic news but in general it failed to influence the market to any important degree. Analysts were hopeful the week's gain meant the start of the widely expected post-Labor Day rally. Many weren't any longer so sure there would be one. The government reported that before-tax profit of corporations hit a record annual rate during the June quarter, that personal income in August was $1,000,000,000 above July on a seasonally adjusted basis, and that total August cash dividends paid by corporations issuing public reports exceeded a year ago by 6 per cent.

On the minus side the average weekly pay of factory workers and seasonally adjusted factory work week wore both down in mid-August. VOLUME failed to exceed 3,100,000 on any day, compared with the eight month daily average of almost 3,800,000. For the week volume totaled 14,634,055 shares compared with 12,095,568 in the four sessions last week. Of 1,455 issues traded, 679 advanced and 596 declined. There were 62 lows for the year and 12 new highs.

Oils, motors, electronics and growth stocks made some of the week's best gains. Polaroid was the most active stock for three days and run-nerup the other two. It also was the most active for the second straight week, gaining 1 1 5 at 128 on 292,600 shares. far more severe than home conditions, without incurring pinhole leaks or rusting at the joints. IN ADDITION, the plastics are light in weight, running around one-sixth that of metals.

They will not conduct electricity, can be joined in a manner that makes them permanently leakproof and impervious to encroaching tree roots in outdoor locations. They have low heat conductivity that minimizes possibility of accidental burns and moisture-dripping, and smooth internal surfaces that reduce the likelihood of clogged waste drainage lines. Although initial cost of materials probably will run slightly higher than for comparable metals, Tube Turns estimates that this will be offset by immediate savings of 30 to 40 per cent in the cost of installation and further by reduced maintenance costs. Lower over-all costs will reflect in good measure the ease and speed with which new pipe and fittings may be assembled. For instance, Tube Turns pointed out.

a plumber, working from scratch, can make a joint in less than one minute, in sharp contrast with the difficulties that often arise in the threading of steel, sweating of copper or caulking of cast iron joints. 10 Are Named Youth Advisers Ten Marion County young people have been named as members of the Youth Advisory Committee, a state-wide adjunct of the Governor's Youth Council. All of them are representatives of state groups or schools. Another 16 are to be named as representatives specifically for Marion County. They will attend a youth general assembly here Oct.

12 and 13 for 300 young people. The members and their groups are: Karen Smith, 956 Cameron Street, High School Press Association; James Alburn Hamilton, Camby, Purdue University; Gordon Clark, 1652 Kessler Boulevard, North Drive, Boy Scouts; Billie Mitchell, 1400 English Avenue, Boys Clubs; Connie Climer, 5302 East 70th Street, Camp Fire Girls; Monte Martin, 2422 South Old Road, Order of De-molay; Robert Jackson, 3964 North New Jersey Street, Junior Red Cross; Stanley Solomon, 3110 North New Jersey Street, B'nai B'rith; Barbara Seibert, 4027 Meadows Drive, Indiana Council of Churches, and Kaaren Burke, 631 West 40th Street, Ball State Teachers College. Russians Find Grain 2,300 Years Old Moscow (AP) Soviet ar-cheologists have brought back grains of wheat 2,300 years old, found in excavations in Egypt, the Soviet news agency Tass reported yesterday. The grains were found on the site of an ancient settlement on the River Nile. 24.50 to $28.

good to mostly choice 375 lo 550 pounds $28 to $30 including lot choice sso pounds $29.50. Good and choice 600 to 900-pound steers $23 to $26, several loads medium ond mixed medium ond good 550 to 750 pounds $20 to $23. CALVES Vealers toirly active, 50 cents to $1 higher, t-ew head high-choice and prime $31.50 to $3, good and choice $25.50 to $jl, mostly $2i .50 to $30, standard $21 to $25.50. SHEEP Receipts mostly spring slaughter lambs with double deck shorn spring slaughter lambs ond deck shorn fed western yearling wethers. Trade very uneven during the week, closing rather slow.

Compared with previous week's close, slaughter lambs 50 cents to $1 lower with Tuesday's advance erased. Slaughter ewes weak, feeders about steady. Slaughter Lombs Lot choice to mostly prime 90-pound spring $22.25 early. Scattered lots choice and prime 90 to 100 pounds $20.50 to $22, bulk choice and few mixed choice and prime 75 to 110 pounds $18.50 to $22, closing $18.50 to $20, few $20.50 to $21. Good and low-choice $15 to $19.50, late $15 to $18.50, utility and low-good $10 to $16, cull down to $5.

Double deck choice 80 to 90-pound shorn spring with No. 1 pelts $20, deck good to mostly choice 94-pound shorn fed western yearling wethers with fall shorn pelts $18. Slaughter Ewes Cull to good shorn $3 50 lo $5.50, mostly $4 to $5. Feeders Choice 50 to 75-pound native Spring $12 to $14, good and low-choice $10 to $12.50. HOGS Receipts for the week 37,150 head as compared with 29,200 head for the four days previous week ond 37,300 head for same week on yeor ago.

Supply largely mixed No. 1, 2 ond 3 180 to 250-pound borrows and gilts ond 10 per cent tows. Barrows and gilts scaling over 260 pounds scarce. During the week large numbers ot barrows and gilts sold dally at one price without regard to weight or grade. Prices on barrows and gilts opened on Monday steady to 25 cents higher but daily declines were posted afler Monday.

Compared with previous weeks close barrows and gilts 75 cents to $1 lower, largely 85 cents lower, sows 50 cents to $1 lower. During the week: Borrows and Gilts No. 1 and 1 700 to 230 pounds $19 to $20, closing Friday INDIANAPOLIS By USDA CATTLE Locn1 recc pl of around 9.875 head compare with 7.005 during previous week's holiday shortened week and 8 039 head tor the comparable week one yeor ago. Supply largely good and choice slauqhter steers below 1,150 pounds, scattered loads and lots slaughter heifers and around 12 per cent cows. Trade moderately active, compared with previous week's close slauqhter steers 1,100 pounds and above weak to 50 cents lower, 900 to 1,100 pounds weak to 50 cents, instances SI, lower.

Choice slaughter heifers about steady, standard and good steady to 50 cents lower. Cows closing active. 50 cents to SI higher. Bulls closing active, strong to SI higher with early in the week declines erased. Feeders fairly active, fully steady.

Slaughter Steers Few head and small lots high-choice 1.000 to 1,700 pounds to $31, lot high-choice and prime 1.050-pound club steers included at $31 and couple loads choice 1,025 pounds $30.10. Choice 900 to 1,150 pounds $28 50 to $30, late $28 50 to $29 50; few good to mostly choice 1,100 to 1.200 pounds $28 50 to $29.25, 1.025 to 1.075 pounds these grades $28 to $28 50. Mixed nood and choice 900 to 1150 pounds $27.50 to $28 50, good $23 50 to $28, late $25 50 to $27.50, few loads god end choice 975 pounds $28. Standard and low-good $23 to $2 50, utility and mixed utility and standard $21.50 to $23. Few lots high-cholre slaughter heifers around 900 pounds $29.

Choice $26 t0 $27.50, good to low-choice $23 50 to $26, standard and low-good $21.50 to $24. Cow ond Butts Utility and commer-clal cows $14 to $16.50, late $14 50 to $16 50, tew $17. Conner ond cutter $11 to $15, late $12 to $15. Utility and commercial bulls $18 to $21, closing $18.50 to $21, few head 21 50. Feeders Good and mixed good ond choice 400 to 500-pound steer calves Farmer Holding Action Opposed Washington (AP) The American National Cattlemen's Association has come out against the National Farmers' Organization program of urging farmers to hold livestock and grain off markets to force higher prices.

In a statement, the association said its traditional position has been that the factors of supply of cattle and consumer demand for meat should be permitted to determine livestock prices. The association said any recent downturn in beef production largely reflected producer sales of cattle at lighter weights than a year ago. The association said it was not concerned about temporary upturns in meat prices. It said later increase in marketings of heavier animals would bring price acceptance of plastics will begin snowballing in a year or two, starting in areas that have been most progressive in the past about recognizing new building materials," the company said. Most recent developments, and the ones that have made complete plastic piping systems feasible, are those of the first plastic pipe that can handle hot water economically, and a line, of fittings that are slimmed down from bulkier industrial proportions and designed expressly for household hot-and-cold water service at municipal water supply pressure, Tube Turns said.

Hfhouse-, Chief benefit of the thermoplastics aa far as homeowners are concerned, is the likelihood that plastic pipings probably will outlive the house as far as corrosion is concerned. According to Tube Turns, all are capable of withstanding indefinitely industrial corrosion attacks the Lincoln Hotel. Committee meetings take up the Tuesday Wednesday morning will and ses- sions, which will include presentation of the board's predictions for freight car loadings in the Ohio Valley during the fourth quarter. About 200 shippers and rail transportation leaders from Indiana, Ohio, Kentucky, Virginia are expected to attend the conference. Victor H.

French of the P. R. Mallory Co. Inc. traffic department is chairman of meeting arrangements.

Cuff Jottings Indiana University Downtown Extension Center will offer a course in principles and practices of investment from 5:45 to 8 p.m. Thursdays during the fall semester, starting Thursday A United States Army "Procurement Fair" sponsored by the Army Transportation Materiel Command to assist small business in bidding for Army contracts will be held in the Holiday Inn at Muncie from 9 a.m. until 1 p.m. Thursday The local chapter of the American Marketing Association will meet at 5:30 p.m. Wednesday in the Severin Hotel to hear Burton D.

Loken, assistant director of public relations for J. Walter Thompson Company, discuss public relations Chassis-Trak Inc. of Indianapolis is being featured in Bell Telephone System advertising as one of the sub-contractors for Telstar NAME DROPPING Harry A. Shurford has been appointed president of the Federal Reserve Bank of St. Louis, which includes Evansville and Southwestern Indiana in its district Richard H.

Ober-reich, president of Crown Paper Box Company, will be speaker at a meeting of the Personnel Association of Indianapolis at 6:30 p.m. Thursday in the Continental Hotel. He will discuss Project and other Indianapolis redevelopment projects William Jackson of J. D. Adams Company will conduct a seminar on advanced business administration starting Oct.

1 as part of Indiana Central College's Industrial Relations Center management developm program. ICC president Dr. I. Lynd Esch will lead a second seminar on liberal arts for management. 9 Promoted By Utility Public Service Company of Indiana Inc.

has announced nine promotions in its power production systems depart-ments. E. Carleton Woods has been named power pooling operations service director to assist executive vice-president Walter J. Matthews. Woods will also take charge of interconnection arrangements with other Midwest power companies.

Fred E. Nicosoh has been promoted to power department director and Lester V. Leonard has been named power supply superintendent. Other promotions and assignments include Seth W. Shields, system operator; Arthur C.

Messer, assistant system operator; Albert E. Burkhardt, central chief load supervisor; Gerald Hofmockel, system operating engineer; Carl J. Gasperl, system relay engineer, and Cletus Smith, south area chief load it Concluded From Page 1 the Ohio Valley Transportation Advisory Board here Tuesday and Wednesday. Dr. Court, pastor of the 3,500 member i i ist Church, will speak at the esday luncheon session concluding the transportation Court meeting in Northsiders Concluded From Page 1 (co-operating broker, Carriage Estates Company); 132 East 84th Street (co-operating broker, Carriage Estates Company); 5560 North Pennsylvania Street (co-operating broker, Johnson Realty); 5827 Broadway (represented buyer); 5339 North Capitol Avenue; 240 Shoshone Drive; 1281 ii l.

r- i nr 1 A New Jersey Street; 5738 Kingsley Drive; lot in North-wood Hills (represented seller). F. C. Tucker Company 5628 East 72d Street; 8616 and 8815 Mandeley Drive; 1226 East 54th Street; 4147 North Sherman Drive; 8107 East 47th Street; 3507 and 3527 Cecil Avenue; 20 acres in Zionsville; 5402 North Delaware Street (co-operating broker, Margaret Evans Company); 3938 North Bolton Avenue (co-operating broker, Bruce Savage Company); 2503-05 North Dearborn Street (co-operating broker, Bill Allen Company); 0n7.nQ Wnrth riparhnrn Strppt (co-operating broker, Bill Allen Company). Veon McCord Realtors 7531 Morningside Drive (cooperating broker, Town Country Realtors); 5933 Evanston Avenue (co-operating broker, Haynes Kleiner); lot in Emblegarde Addition; 7148 Crest Lane; 5720 Susan Drive (co-operating broker, Jerry Tarshes Company); 4520 Shady Lane; 7555 Mikesell Drive; 4066 Broadway; 3254 North Keystone Avenue; 6142 Broadway (co-operating broker, Bruce Savage Company).

Harry D. Weller Company 2927 Broadway. Ford Woods Co. 5006 College Avenue. Hook Drugs Sponsor Of Teen Contest Hook Drugs Inc.

is spon- soring the Miss Teen-age America contest in Indiana. Among tine prizes that go with the national title is a four-year college scholarship, according to A. F. (Bud) Hook, president of the company. THE WINNER will be chosen at Dallas, Oct 26, on the basis of personality, appearance, talent and intelligence.

The contest is sponsored nationally by Coty the Lincoln Mercury Division of the Ford Motor Company and the Keds Division of the U.S Rubber Company. ALL GIRLS between 13 and 17 years old can obtain contest entry blanks at any cos metics counter in a Hooks store. Deadline for accepting aDDlications is Sept. 29. During the early part of October, the 20 girls chosen as semi-finalists will compete for the title of Miss Teen-age Indiana.

nor of Eureka Realty Company handled the sale. Included in the house are four bedrooms, two baths and garage. (Star Photo) NORTHEAST SIDE HOME SOLD This home at 6110 Marilyn Road has been purchased by Mr. and Mrs. Albert E.

Hollowell from Mr. and Mrs. Joseph Gregory Tierney. Mrs. Marjorie O'Con -iw $19 to $19.15, with 90 head 215 to 220 pounds $19.25, bulk mixed No.

1, 2 and 3 90 to 260 pounds $18 75 to $20, closing $18.75 to $19, few lots No. 3 and 3 260 to 270 pounds and 185 to 200 Pounds $8.50 tO $18.75. NO. 1 and 2 180 to 200 pounds $18 25 to $19.75, closing $18 25 to $19, 150 to 170 DOundS 6.50 10 $18.25. Sows No.

1 to 3 275 to 350 pounds $17 to $18 50, closing $17 to $18, No. and 3 350 to 400 pounds $16.25 to $18, closing $16.25 to $17.25, 400 to 600 pounds $15.50 to $17.25, closing $15 50 to $16.50. Boars over 300 pounds $13 to sM, boars 200 to 300 pounds $14 TO Grain Report Chicago (AP)-Selling pressure was almost constant and sometimes heavy in all the grain futures pits except soybeans last week on the Board of Trade. Losses ranged from a small fraction In corn to almost 6 cents In wheat, while soybeans ran toward strength and posted gains running to well over 5 cents. Then only bullish fador during the period was The governments September crop report, Issued Tuesday, which brokers said contained the surprise ol the year with Its estimate of soybean yield.

The Department of Agriculture fort-cast the soybean crop at only bushels, far below any previous prediction. Only few days earlier, a private survey estimated the crop would be about 700,000,000. Even that figure was believed by some brokers to be too low in view of numerous advices during the month which Indicated prospects had been rather well maintained. The government's September figure was off obout 33,000.000 bushels from the August outlook, due principally to deterioration of the crop In the Mid-south. The new estimate, If materialized, would be very little above requirements for the next crop year and could be less, brokers said, if demand should become unusually heavy any time during the year.

The report sent prices broadly higher In Wednesday's trade and they held well aqainst flurries of profit selling thereofter. Additional support came to the September contract as tenders on commitments in the pit dwindled. Conflicting reports and opinions on progress by the House and Senate conference committees toward oqreement on the 1963 farm program kept wheat and corn on the defensive most of the time. Speculators expressed fear that Congress might adourn without enocting a new low and thus allow next year program to revert to the one in effect in 1958 If that should happen, they said, price supports would be reduced. Speculators, therefore, were inclined to shun tbe long side of the market.

Wheat was 4Vj to 5i cents a bushel lower than a week ago, September corn '4 cent hiqher to l1 cents lower, September oats to 1 cent lower, September 64i cents; rye cent to T'-i cents lower, September soybeans 2J4 to S5 cents higher, September 1.19"r RANGE OF PRICES FOR THE WEEK Close WHEAT High Low Sep.14 Sep 7 September 109.4 204 204 i 209 2 December 215.7 210.1 211 215.7 March 270 5 214.1 215 270 6 May 211 211 211.1 311 CORN September 108 5 104 4 1077 107 5 December 108.6 1067 107.S 1077 March 112.1 110 4 111.1 111 May 1141 111.1 1114 114 5 July 117.4 V5.1 115 117 OATS- Seotember 45.1 41 64 1 65.1 December 44 2 66.4 47 1 March 49.2 47.6 68 1 69 May 49 4 48 68 St i July 47.7 45 7 66 6 47.5 RYt September 120.1 114 119.4 120 4 December 121.1 117.4 1201 121.4 March 121.4 119.4 172 124 May 124 2 120 121 1 124.4 SOYBEANS September 244 234 1 242 4 M7.1 November 240 4 234 4 138 1 135 4 January 244.1 237.4 241.6 238 7 March 247.4 341.4 241.1 May 350 2 142 4 247 7 244 4 July 250 6 344 4 348.4 3447 August 348.4 344.2 346.4 LARD (Drums! September 8 90 October I November 9 00 December MS SOYBEAN OIL September 121 October 1.27 December 1.50 January 8 60 March 1.70 SOYBEAN MEAL 1 50 160 165 '175 8.93 (8 93 4J '945 167 I8S 9 10 MS 184 ft 00 7 95 7.91 8.06 1 04 110 136 131 120 116 111 1 34 11.53 9844 September 68 64 JO 47 00 44 60 October 63.10 40 50 4200 60 December 41 00 59 60 01 14 70 January 63 $9.50 60 $9 March 2 00 40.11 t41.2! 60 70 Aikw. ttid. iNomtnat. 1' i 'I 1 41 -Tel pj. uMwJmmm Mrs.

William Bruce. The H. C. Sorrell Company handled the sale. The house has three bedrooms and a garage.

(Star Photo) SORRELL TRANSACTION Mr. and Mrs. Donald Cripe are the new owners of this home at 1934 North Audubon Avenue which they purchased from Mr. and i ii h. ''Ask1 4 TARSHES FIRM SALE-Mr.

AUTO THEIR PRIZE-Harold (Tom) Tomlinson hands the keys to a 1962 Oldsmobile F85 from Dellen Olds-mobile Inc. to Mr. and Mrs. James L. Turner, 1511 West 28th Street.

The Turners won the car in the annual PAL Club fund drive sponsored by the Indianapolis Antelope Club. Tomlinson is chairman of the board of the Antelope. Club and proprietor of Tomlinson Rug and Linoleum Company. and Mrs. Clif- Jerry Tarshes Company handled tht transaction.

Located on a wooded lot, ton Michael have purchased this home at 3740 Station Street from Mr. and Mrs. Leo M. Voider. Zana Bernd of the the house has three bedrooms, full basement and two-Car garage.

(Star Photo).