Indianapolis Times, Indianapolis, Marion County, 28 December 1940 — Page 9

DEC. 2, 1640 -

BUSINESS

Proposal to Change Gross Income

Tax Law Has Several By ROGER BUDROW SEVERAL PROPOSALS FOR,CHANGING the state gross income tax law are going the rounds and, in all probability, will pop up in the Legislature in some form or other. Of course all of them are designed to reduce the amount “Chief cause of concern seems to be the “little retailer” although one proposal would be expected to aid the

PORKER PRICES

of tax.

larger firms. ,

As it stands now the tax i§ 1 per cent of all the year’s receipts over $3000—that is, for the retailer. Ordinary persons pay 1 per cent on their receipts over $1000. Wholesalers pay one-fourth of 1 per cent on receipts over $1000. About: 24 million dollars is expected fo be collected this year. The first proposal would lower the retailer Sannin from $3000 to $1000 Roger Budrow and lower the tax rate from 1 per cent to one-half of 1 per cent. There are about 50,000 retail merchants in Indiana, gross tax officials figure. By lowering the exemption they would collect about $500,000 more in taxes and would lose about 414 million by lowering the rate, leaving a net loss to the state of $3,750,000. The second proposal would raise the retailer exemption to $5000 without altering the rate, which would obviously be one of the most direct ways of favoring the small retailer.

estimated at about $800,000. The third proposal would lower the tax rate from 1 to one-half of 4 per cent and leave the exemption unchanged. Gross tax officials point out that all retailers would be favored by this proposal but the bigger firms would benefit most— their big tax bills would be halved. . » » ” ‘RUSSIA IS MAKING money trahsporting supplies between Japan and Germany, according to Business ‘Week. The Trans-Siberian railroad is hauling hops from Germany and Czechoslovakia to Manchukuo breweries. German dyestuffs, pharmaoputicals, optical glass, precision instruments, machine tool attachments continue to arrive in Japan in undiminished quantities. - Germany is also reported to be

using Japan as trading agent for}.

‘imports of American and Chilean copper. Hydrogenated soybean oil, probably for use in soap and margine, has lately begun to be shipped ‘to Germany. a ” 2

BECAUSE ITS EMPLOYEES suggested beter way of doing jobs, Westinghouse Electric & Manufacturing Co. has been able to cuf $800,000 from its costs. Since the oompany’s suggestion plan was started 30 years ago, more than 81,000 suggestions have been received. The company has paid its

workers $166,000 in awards and has used almost one-third of the ideas|

suggested. 2 »

ODDS AND ENDS: Price of butter in Canada has been pegged at 84% cents a pound for duration of * the war. . . . Recent cables from Liverpool refer to ‘damaged cotton,” _ presumably struck by Nazi bombers: These are first disclosures of destruction of cotton stores there. . . . Argentina’s wheat crop, now being harvested, is showing good yields. . . . London’s Board of Trade reports more raw cotton, wool

than last year and exports of manufactured textiles are greater than either last year or the year before. . . . Prof. David M. French of the University of Michigan believes the

Government will have greater diffi-|Bliss Breeze Corp ... Brewster Aero . Buf Veep Mach. Buff Bunker

culty than ever before in controlling inflation because of the great credit reserves. . . . Increases in fuel oil prices are being blamed on higher rates which tankers are charging now. . . . Tom Girdler of Republic Steel Corp. told stockholders “It is not going to be possible to have all| § the needed defense materials and | all peace-time advantages.”

CHICAGO LIVESTOCK

Hogs—Receipts, 500; only a few small jots on sale; no early trading of imoFtance; few bids steady to strong with riday's average. oy the week—Hogs ' score She sharpest xgins of the season, -kinds averaging lbs. downward adHa 75 $0 Er heavier butchers advanced 50@75 $I and sows 50 cents;

Ae ot ii i >100: calves—none. For the Lg ABs isfances and Fin aine! ce! ents: heifers. 50@75

1 on venlers $ ‘ Pasa $a,

nd ice "275 ib. Teteers opened at. $15 es reached $12.50. with bulk " $90 11; heavy cutter cows up .85; practical top weighty sausage uls, $7.75; uBbieh Ristpl, J, (10% (hk n euppiy most fed wester jambs; these 2 extreme

ium

fed Tiambs, $9. ngs, a 850; ew atives. ot n En ding lamb, $909.15.

OTHER LIVESTOCK

Ma ar6.90; 325 'lbs., $6. 330 Lam Sig $8 Ly 50 U. s—5¢

'p.).—Hog 200-220 1bs., 1bs., $6.90;

. Dec 28 (U. P.).— 160-200 1bs., 3 nwa 7.25; 350.82

40 130 1 $5. $5.50; a $4.

U. S. ® SATEMENT

WASHINGTON, Dec. 28 (U. ses and receipts TA

. o

mpared with a

,838,863.00 2.722,014, 91. 97 1931.0:

INDIANAPOLIS CLEARING HOUSE Today

teria s ees 84,291,000 Sea fg 36.16.00

This Week

vais sires siedenee 18

Clearings 51

Debits "000

—_— WINNIPEG wh hh

P.) Ex-| 8 the current t fiscal

a it pot pot pol pod ped et od ~ Se

Variations

Choi po)

Com

Citi Citi

Fal

Gt Gu

y vi

High Ley ember ...$ .7 $ fv 3 ge nn B aeleresy at we

Top Here Boosted to $7.35

today at the Indianapolis stockyards, Service reported. ‘A 10-cent gain was made in: all weights. The top was boosted to $7. pounders.

The Marketing Service estimated 200 salable cattle were received, 25 Am

Dee. 19 Dec. Di

The loss to the state treasury is D

Barrows and Gilts | Good to Choice 120- 140.% 5.60140- 160. 6.10160- 180

Medium— 160- 200.

Slaughter Cattle Choice—

}40- 1300. 1300-1500. Good— 750- 900. 900-1100. 1100-1300. 1300- 1500.

Common— 750-1100.

Choice— 800-1 750- 900. 11.00-12. 25|Medium =

Good— 750- 900. Medium Se 500.

500- "500.

Sood . Medium . Cutter and

Canner..

Good and choice. .. Medium and good .

Good and ghotse esas asain Medi Ne

Good and choice . Common and medium ....... vr

Aero Sup B . 33. Alum Ltd , Alum £ Co Am ..

sn Maracaiho. 3 AAm R

? Tat and silk has been imported this year 2

Carrier Corp . Cent

Copper Rnge . Creole Pet .. Darby Pet Decca Rec Inc. Eagle Picher Li Ea G . El Bd & S

p EIBd & Sh 6 pf Equity

Fair Eng & Air Ford Can A ... Glen Alden

Hecla Min Hollinger S| Humble Oil

Insur No Am .. Int Petrol ..... Irving Air ..... Jacobs Co .. Jones&Lau Kingston Pro .. Lake Sh visa d | Lehigh C & N. one Star L & Marion St Mid-St Pet Avte a

Niag H Pwr

ORIan Pantepec Oi Pennroad 2Y2 penn Cent Afr.. 137% Phoenix 6 Pitts Puget So 5 pf..

epublic Avn .. Sezal Lo

"| Singer Mig .... Std YY .... Std Oil Ohio pf.108% 8 &L...... 3-16

Un P 91% Un Cigar Strs.. . : 16

Wright

PUSHED HIGHER

Out of the Stokely Bros. & Co. warohotas 1200 block Ww. Morris St., come “truckload after truckload

of canned goods ... to make way for the new Curtiss-Wright Aeronautical Corp. propeller manufacturing plant,

FINAL NEW YORK STOCKS

By 10-Cent Advance; 1500 Received.

Hog prices pushed higher again

the Agricultural Marketing

35 for good and choice 220 to 230-

EEEER2ERRERERREEEY

lves, 1500 hogs and 25 sheep.

Receipts teessssccnes 5 ec. 20 a1

ec. 28 .

Packins Saw Good to Choi 370- 300 $ 5.85 $90 - 330. 5.65- 5.8 2.60 2% A

5.50- 5.60 5.40- 5.55 5.25- 5.50

A 0. 4.75- 5.50 Slaughter Pigs Medium and Good— 7.00] 90- 120. 5.00- 5.60

& Tearess (Regeipts, 200)

| 6.25 A & 1

0- 200:

6.50-

Steers Bulls A l¥eartings excluded) $12.50-14.00/Beef— 3 2g. Is Le 7.25- 1.75 ausage— i 2 7.95- 7.50 | 4 6.50- 7.25

13.50-14.75S00d 5.50<, 6.50 | Amn ers Z A

0- 900 -1100

Medium... 0 50-12.50/Cutter and 0.75-13. 3% common 10: 7513.25] Vv 10.75-13.50|So0d and choice. 8.25-10.75/Common an 8.25+10.75| medium

| 7.00- 8.25] Steers 25)

, Heif Sisers Heifers Gy 0- “750. 11.25-12. 75/Choice— 0 9.25-10.00 i 300-200 9.25-10.00

oe “750. 9.50- 11.25! 500 1050. 8.25- 9.25 Heifers Bos 2.25

000. 17.25- 8.25 mmon— 9.50-11.00CoR M500. 6.00- 7.25 7.75- 9. ad Calves (steers) 0

od. and choice— 6.25- 1. 751 300 go down. 9.00-11.00

"500 down. 8.00- 9.00 “61s. 5 7 Calves (heifers) - and choice— 0.75 150 500. do own. 8.25-10.00 5.00- 6.25 Medium — Atl mon 4.004 5.00] 500 down. 7.00- 8.25

SHEEP AND LAMBS (Receipts, 25)

Lambs vaeiseeR :$ 9.50-10.00 ae 8.50- 9.25 8.25

13.00-13.50 | & A 7.50-11.50 7.50 | Am Feeder

= Stocker Cattle Am

Am Am Am Am Am Am Am Am Am

ust

Yearling Weathers, . 7.75- 8.50 | Balt ium 7.25- 1.75

Ewes (wooled)

Curb Stocks

Net Close Change 6% + Ya Naz — Ya 4

Ya 37a

Low 6%8 10% 153

3 28% 12% 5-16 Vg

1% 1-16 2% 37s 27%

High

m Lt & Tr

Super ep ep “ N Gas A

Sw ies Serv .. ies Serv J

as & Fuel

C Nad Pre

A& If Oil p O Can sti’

S. 5 Shvi

J Zin & Shinbldg. . 3 60 oo 8% Nr Ss 21% IV. 3

es Bement.

Acme Steel

dar €SSogT ph. gra. eves 40 1»

laska Yjuneat . .

due

r-Way

High Low nf ne 49 49%

2 15% 15%

m & F Pw Am & FP $1 pf 14%

F P $2 pf

atinz

Ship Bids Smelt 7 pf.155 Snuff

ol... Stl Pdles vy Stores

inc Anaconda 2 Anch Hock Sr . Arch- -3

Arm Ill pr pf. Armstrong Ck . Arnond Const Asso Dry Gds . Atchison

Pdr Ac)ss Pdr i] .

N-pr A

pul Cp “a 47.

3ald Loco £5 oe t & Ohio ... Jats & O oF ©

arnsdall .. ayuk Ci

ye 3 ron Sy in

& pt.. 3roadcast A 20

Sec.... Pltae

4 58% Regis Paper Fi Lock ... 9-16

get So 6 of...

Air a Cons

arg... 4 Va

Government Bonds U. S. GOVERNMENT BONDS

ig Close 1949-40 ........ 112.31 112.31 11231 4, Ji 21 110.21 110.4

cessnene 1

110.22 111.16

n-M

Fea 3 . 29%, Gen

z Sou ; Sou 1 pf 112 z So 2

Si a ye R Mill cvpf ; Bla Safe Razor.

57a 8 40% 437 50% 150 26%

6 .116 16

-— B® a [ Nee

SRR

Re »

WW aa

BRN

a @ a

— ow G09 BIBI 5D ~J 000 LOH 4 U1 O CO ER =I ND NOY 00 (0 On vb L300 = - ~

Cal Packing .. Callahan Zinc.. Calumet & H.. bell Wy.. a Dry.

2% 52 15 49%,

i Rap 8 ‘pf. i ie RP

pf. Ya 9

ark 7 re Ssh Br 32% limax Moly Co 277 Peab ... 33

}roadoast B “2

: 74a 5%

. 22 12 ve NY, . 23) 10%

i ies 2%

Con Gon RR Cube ‘pt Cons Coal vic..

7 Mo

ceese 15% A

Copweld Steel .. Com Ex Bank.. hia

Prod

1% 183%

Corn Prod pf..180 Ser pf..1

T Crown Cork ww 44

(37%

Net Close Change

- IO Nd ht pt Ot

— wee

PDI UINI Es HENLOW RNIN te a

FEEL T+

Re rel LE TE

1 TT

—

Cried)

a Today

. Cont Motor

2 | United Gas ..

Ya Cutler Ham

le x 5

1; | Hupp Motor ...

Av UNITED ¢RES>

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS TodAY ...ovvseososcesscssses 130.14 Yesterday .cccoocevcscscesscs 12051 Week AZO ...cooesvcsesesess 128.89 Month AZO .....cce00ss00s.s 131.00 Year AO .....cceseceneseve 15024 High, 1940, 152.80; low, 111.84, High, 1939, 155. 93; low, 121.44. 20 RAILROADS

+-0.49 +0.02 +0.9% +0.25

Yesterday .c.ceccev0scasnone Month Ago . Year Ago High, 1940, 32.67; low, 22.14. High, 1939, 35.90; low, 24.14. 15 UTILITIES Today ..c.ceocecenetcnanins Yesterday ....ecocce00secase Week AO ...coevevscescsscs Month ALO ...cesvescccscnes Year Ag0O ......ivececasvres High, 1940, 26.45; low, 18.03. High, 1939; 27.10; low, 20.71.

19.80 19.75 19.57 19.97 25.58

15 MOST ACTIVE STOCKS Sales Net , (In 100s) High Low Close Change Cmw & South 239 3% —- % Socony Vae ..231 8% Std Oil NJ....125 33% United Corp..120 13% Gen Motors ..119 48% Gen Elec .....115. 32% L105 _ 4% Cons Edison..101 223g Int T&T 2's 9% 693% 43% 181% 2334 2314 23% 13% 133s 133%

Stock sales approximated 890,000 shares, the most for a short session since 1,100,000 were turned over Nov. 9 and compared with 420,000 last Saturday. Curb stocks sales were 208 0% shares against 109,000 last wee

RL 2 ORERES

956 69% 412 18%

97% 69% 4% 183%

U S Steel ... Radio Corp ... Bald Loco et.. 90 Int Nickel .... 88 N Y Central.. 85

| ++++: +:

+ &

In +0.63

FERRE

d El A .

7% Than or Coal. 30%

Jarvis Co ...... 12a Jewel Tea 41%, John-Man _.... 58} Jones & L 7 of 10%%2 Kan C Sou.... 4% Kayser Jul . ou Keith-Al-O pf ,.104 A Vin B 8% Kenn Keystone stl.. Rrecre 8S.

a Kroger ‘G &B.. 28%

Lambert .

1.10 ow 17% ‘Lone Star Lom. Ph Bell A.... 1 3Va

u & Nash. Be 8

rack. PBL ennes 30% acy RH 25% adison Sq G. . iu

agma

arine Mid . y KStRY r pf 113 arshall Fld . 14% artin (Glenn) 30% artin Parry .. 12 asonite Corp . 27

Net High Low Close Change

Crown Cork xw 443 Crown Zeller . 1Y%5 Crown Zeller pL. Wa ible. St TVs

Cruc, . Crucible pf .... 98% Cub Am Sug Cub fn Sor ‘pt is Sudan 32 ores Cue i Curt 15 Curt Pub, or ot 30% iss Wr 9Ys ve 33% ®

Davison Chem. a TV

Dome Mines ... 16 Douglas Aire .. Dow Chem .

| 1H

1 164 Va fie 34Ys 34Y%

Bast Air Linas: R 4Ys

East 43, East Ban “e “136 34%,

. ‘4 34Y, 17 7-16 law, 28% 3238 . 311;

4 ... 8Y2 72%, A

Fair, T . Pair, The pf .. 39% Pairbanks pf .. Pair Morse .... Pajardo Sug ... L&T Pp od Mot d W

rod De Ferro "id P!

St... it namel .. he:

Testone ¥ rst

ollanshee | Fa.

Prank Sm! Dt Freept-Sulp ur.’

gabrig! A air Robt . Gair Robt pf. .e Gamewejl Co .. 19 G m Inv ... Am Tr .. Baking

OV bp LOD Bh 0 =I DD

FH H+ +1

cigar ..... Electric ... ‘ Foods _...

— 1. —

Motors ...

LILI OAD I-In o

Gen Gillette Gillette g 5 ‘pt bel ve

t West Sug ... 19% Sug pt.. i

nH L ... reytiound, Cp.

Hl hnd

pf iA

6 1% 10%

«oe

QQG a00Q0 a 2

oe E ulf Mobile Oh. u Mo % Ob pf Hall Print ..

Ham Watch Hanna 5 pf.. bh Wa)

‘ee 14% 14% 106 22%

SEE RFR EESEs OR

sees

LiF +

. . .

+1 eh

e Ho Tana Fu 30 Hollands & Son 8%

Hi IB seeee 9 Homestake eos B1 Houd-Her B ... 13% Houshd %

Houston ‘Oil’ ... 37

Howe Sound ... 34 Hud

+++11: -

uns 16%

8Y, 1 7

* gt

mi 20

+ =

. . . .

gers Rd . Rr] J oop. C13% n 20% Insschs cts Md. fi

29% LN erchem .s

erchem Ln +e 2% ya A

Es i off 42 : 10% Int Harvester 0

1 Central .... I Cent pf .... jndian

sees

Vs | Mo-K. Tex pf

s | Nash- Kely ..... Nat Ac

athieson

RE=

SNS

aw cintyre. Porc . cKe ort

Legian ead C elville

SESE

5, nl

ami Co

FEE: 2.

Minn-Mol pf .. 567 Mission lot Be a Mo-K Tex

. 2 eee 1=

Mo Pacific Mo Pac pf Monsanto . Monsanto pf’ A. 116 Mont Ward ... es 3705 0 Ss.

ullins i B. allins pf Murphy G C Murphy pf ... Murray

2 . sie

1 111% 7%

Aviation .e Toi Biscuit. 1 t Bond&sh..

Sup Penn.. 5 gr pr pI... Nat Tea Natomas ehi veins Neisner Neisner pf

24 ? Newmont Min. .

Pacifi orwalk T pt or wich Phar .

fede] }

otilo Oil

Owens Ill G.

Pac aa Fish.. ae G 3 pf Dac Finance’ you

cree

DOT RP. Park san vie Parm Pathe Film avn sane. Mines .. |. Penn Cue an Penn. RR ..... Peoples Dr .. Peoria & East. .

| Pere Marquette. 7% Mqt pf... Mia

Pere PD

LL hd

>00r B postal Tel of.. dress St} Car.. 1 Jrocter

& .G... 51% &' G pt. . RH Ero 28 Sub Ser 8 Bi. 187 uw Ser 6 pf..137%

pute Os bil 8Ys Purit; Bek ..

Radio Chivas Redio-Bror 1: Radio- of

Hien :

cK & Rob 32 RS Boh pf. - 34%

0 - 85% ten

Net Low Close Change

1% 9, 9s Ya 3? 3... 23 23% — Ya 147% 15% + % 66's — Va 2% + I 20% — Ya

2% €l2

7% 30%a

care

12%

12V, — % 41 FH —

572 1062

—K—

4Y 9

104 17%

a 28%2

PE gegen

. “oe

1 267% Pe

CRT

a 38% 3V 141

62%2

—M—

Nea”

-_- et pet COD fd ed w

DID a DCI bs OO

SEES

-— No

4: HEE LE ELLE] [HH

+117

10%

FHL [HH +

£1 Ya

J 03 3 2 3 3 3 3 3 3

3RnEEE EN

Ad AAALAAL AL AAAAL LL AAALL AAA oa

BRISK DEMAND ‘BOOSTS PRICES ON WAR STOCKS

Gains Spread to All Groups Despite Profit-Taking And Tax Selling.

NEW YORK, Dec. 28 (U. P.)— Stocks advanced in moderately active trading today, reflecting outlook for a vast defense spending program in 1941, Best performers were the socalled war stocks. Gains spread to all groups, and despite some profittaking near the close the list ended the session and the week higher. Some tax selling went ahead in low-priced shares. Commonwealth 8 Southern led. in activity and equaled its low at 11-16. SoconyVacuum was active and steady. Large volume was noted in General Electric, General Motors, United Corp. and U. S. Steel. The latter had a small gain and steel shares generally were higher. Coppers had fractional gains. Chemicals were mixed with Dow up more than a point and Allied down more than a point.

Net Teh Low Close Change Ha Ya

Reyn Reyn Me 8 ‘ev ® 4]

Reyn SPUN .. n Tob B...

aaa Starrett LL 8S ... Sten Prod .....

4 | Stew War .. || Stokely Br Stone & Web s | Studebaker | Sun Oil ve Sunshine Min. ,

Superhtr ....... rior Oil ... Co..

Wu wif wif

Sym

ng-G XxW.. 1

enn Corp [exas Cor

RA HA Bo ID: ENE a

w DO =

hompson > Pr .. 32 WwW A oil Ar

P B.. A ATsaInOcicn rans A

20th Cent. Fox 20th Cent-F 2 Cy R ; Twin C R 'T pf Twin Coach

Und = Fish.

++ ++]: : o -

BEES

4 Steel . 69? Iie! ot aged 13"

gs nh ret £35788 s ax >. . * i ——eO ae Patt

Univ. Leaf 531% Univ Pict 1 Tr 111 —V— Jadsco Sales .. 5-16 Jadsco 15%

y yz V Victor Chem ... Va-Caro Ch Va-Car 6 pf . Jigian Ry. Virg Ry p

ulcan Dat hi

HH HE EF

Bese

7ilcox O & 7illys Querland ] a 7illys Over pf. /ilson & Co

aaa

& vodward Iron OO ; Jorth pr pf .. 55 ‘rigley

DIINO

SER SF

pet

NESS

SOREN, ae FH HE

» 4

7ale & T ..... fellow Tr ....

16! ellow T pf ...118 Coun § & W 1. 1: roung Set 1. 96 foung Sti Dr.. hn R 17%

mi nt he Ht

assesses

—- tpt pd) =3

ORR OO

PS TS 3 RR

4 4 %

2 to satify the demand. Soy beans

Renews Demand ig

Senator John H. Bankhead, leader of last year’s successful fight for farm parity payments, again has demanded that substantial payments be made next year, citing loss of foreign markets as one reason.

WHEAT PRICES CLOSE HIGHER

Soy Beans Advance Nearly Two Cents in Trade At Chicago.

CHICAGO, Dec. 28 (U. P).— Wheat futures on the Board of Trade advanced to the: best level in two weeks today. Gains of about 1 cent were made before offerings developed in sufficient volume

scored gains of nearly 2 cents, while other grains showed moder= ate advances.

ON INCREASE, WICKARD SAYS

Bankhead Demands Parity

Payments Continue Next Year.

° WASHINGTON, Dec. 28 (U. P.). —Government reports reflecting increased prosperity for agriculture as well as industry because of defense expenditures coincided today with a demand by Senator John H. Bankhead (D. Ala.), for substantial farm parity payments next year. Reports by Secretary of Labor Frances Perkins and Secretary of Agriculture Claude R. Wickard showed an unseasonal increase in non-agricultural employment and a substantial rise in farm cash income, Senatot Bankhead, a leader in the successful fight for inclusion of’ a $212,000,000 parity fund in last year’s agriculture appropriation bill, asserted that the principle of parity payments is “just as necessary as ever.” He called on both Demo'erats and Republicans to make good their campaign pledges favoring them. ~

European Markets Lost

Loss of European markets for farm products, he said, make it particularly necessary that farm indome be bolstered. He said 50 per cent of the cotton crop formerly was sent abroad, whereas only 10° per cent of American: cotton now is exported. Miss Perkins reported that nonagricultural employment increased by. 40,000 between Oct. 15 and Nov. 15, although this period normally shows a seasonahle decline of about 400,000 in such employment. The total reached 36,535,000 on Nov. 15, an increase of 1,000,000 in ‘the past

Wheat closed 1 to 1% cents higher, May 87@867% cent. Corn was up 7% to 1 cent, May 62% @62% cents. Oats 3% @% cent. Oats 3% to % cent higher. May 37A and Rye up %@ 3% cent. May 47% cent. Soy Beans advanced 1% to. 1% 941, @943 cents.

close, but buying interest continued and additional gains were made. Action of the stock market and ex-

lating influences. Part of th. de-

ing in the way of evening-up commitments prior to President Roosevelt’st speech tomorrow.

RANGE High Low Close 87 8 857 /e $ a

1Y 81 1 aif

Prev. close

$ 33% Jly ..80%s y September 80% Corn— 61% 61% 61%,

62%

37a 32%

62% ly .62%2 September 62% Oats— May July Rye— May July Soy Beans—

37 36% 39% 32% 463%

AT% ATVs a8 asp AT%

.94% 94Y, 92 90% January May

By bed a Ask.

one 4.70 8

0.55 6.47 b Bid, n Nominal.

Whea yellow, 29 No. 5 yello sample white, SAL Ne. 383%c; sample grade red, extra Sah ye—No sales. Soy Beans—No 2 Yel 97@97%c: No. 3 yellow. 94Tbe: No. 4 low, 94Vic. Barley—Feed, 42@52cn; malting, 54@64 Yc. ield seeds per 100 Ibs. nominal— Timothyseed, $4; alsike, $9. 50@ 12: fancy red top. $1.50a3: 4 @10; sweet clover. $3.5 visions—Lar $a $5.12n3 bellies, $9.25b

y Loo Ss

CASH Whes| _Stfons] receipts, } carload; No. 1 red, 87 No. 2 red, 8 S@87e; No. 1 hatd fa 6C; No. 2 hard, 84@85c. tron i Faceipis, 12 carloads: new No." 3 Pyelow. 6@57Y2C; new’ 54@55%¢; white corn 3@4c over yellow; mixed 15@2%c under Oa 5 on receiy ts, n satioad, 2 white, 36%2@37c: No. SEa@shc Soy Beans—Stron Bo Jou IndiBn pints, 883% @89 or Hiinols pints, 86%

Poca. a

Proleaf,

4. . Cash Shas $5.06n;

market | based on buyin el) selling quotations of recent transact ne ck Bis s

Agents Finance oo som. EL) pelt RR & Stk Yds fom. ven 93 Belt RR_Stk Yds pfd . Central Ind Pow % id. area 8

Van Camp “ Van Camp Milk Bonds’

American Loan 5s a n Loan 5s 46 .. Oltivens "nd Te 4s 61... Home T&T Ft Wayne §'%s .. Taylor Ss 33. oy

N N Ind Tel 428 § Pub Serv Co of Ind is 69.. Pub Tel Co 4s Richmand Waar Wks, 53 57.. gd: ye Trae Term Coro 6% *Ex-dividend.

FOREIGN EXCHANGE

NEW YORK, Dec. 28 (U. P.) —Follawing gre goon closing cabie rates on ih currencies.

und)

England ( ollar)

sesesse

3 LOCAL PRODUCE Heavy breaq hens, 12¢; bareback pens, 1lc; Loghoth hens, 8c; Bazebac k Legh hens, arred an te Rock on ers, hac: other colored Pye bree! Spring. ers, 12c; Leghorn springers, 1ic;. sprin Rs, 9c; old

Taos 5, Indiana Grade A x I , 23c: Indiana a medium 2 ge Soe." 8 mall Grade

2 ho ) rade, 17e. 36

A 3d N No. n €| s, 1 io: 1, No. o. ie ALTE "pickup er quoted “by ie

on Evergthing! Diamonds, Watches, Jamon

cents. May

Initial dealings were made at small factoins above. ‘yesterday's

tremely light offerings were stimu-

mand was credited to milling interests. There also was some buy-

92%

ize. el-

red clover, $8

No. 4 yellow, E

12 months. Secretary Wickard’s report, compiled by the Bureau of Agricultural Economics, said cash farm income during the first 11 months of this year amounted to $8,258,000,000, an increase of -$541,000,000 over the same months of 1939.

Defends Right to Strike

Virtually all sections of the country were shown to share in th increased industrial and tural = prosperity. The “reports showed industrial employment and agricultural income both to be near their 10-year peaks, and both reports credited defense spending with being largely responsible. Miss Perkins said the industrial outlook was “significant and gratifying” and that the nation! is en=joying industrial peace in a’ unity of defense efforts. She does not a | expect strikes to impede the defense program and said, in_renly to those who have suggested that strikes be outlawed in the defense Industries: = “I do not think: the right to strike should be taken away from American workers. I see no reason for it.. It hasn’t been abused and I personally don’t think that it will be.” Secretary Wickard’s report predicted thaf larger than normal crops, sold for pmices higher than in recent years, will rafse cash farm income this year to ween $9,050,000,000 amd $9,075,000,000. This would be more than \ $500,000,000 above last year’s total of $8,545,-

31000,000 and the highest in 10 years.

All except four states -— Florida, South Carolina, Mississippi and Louisiana«~will share in increases ranging up to 25 per cent above 1939, he se sald. -

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