Indianapolis Times, Indianapolis, Marion County, 4 January 1941 — Page 10

| STOCK PRICES Machine Tool Co. sq —T—T—T—T—° EXTEND GAINS Here Purchased PROFITTAXACT: 1b ne . Le CHICAGO, Jan. 4 (U.P) i i Vid T° ONN.Y.BOARD| = 5 ses | MAY BE SOUGHT

been sold to the Foster Ma- . : : chine Co., Elkhart, Ind., it was By ROGER BUDROW mr — : : United Stat G t learned today. The purchase Un, f Cost of New JAPAN IS LEARNING THAT ECONOMIC| WARFARE 1 ited. Stales Government/ srice was not dissosss. | Amortization of Gost.of lie is really worse in many respects than actual military war, : : Bonds Sink Further Ines pete Sevier by ig ie Defense Plants Bartels Mean Jaye respondent ta 4 | Under Pressure. ols, vice president, of the In- || Issue Again. i. 0s 0 e U, DD. em argoes auring e last two years SC . - = ned th (3 YORK. J 2.(U. PY. — ternationa 0., will serve as on Nea on shipments of goods to Japan were not taken very seri-| | 1932 1903 1934 1935 1936 1937 1938 1939 1940 Stocks extended yesterday's gains In|l Sompanton WH. Foster, Elk Ta Jan, 4—Congress

ously. But the latest embargoes are beginning to pinch. | Indiana bank del its in November were about 15 per cent above a year ago November with all but |Joderate trading today and the in-|| hart, president of the Foster |imay be asked soon to amend that

; dustrial average rose to a new high Co., has been appointed chairAbout a month ago dramatic evi- i one city sharing in {2e advance, according to Indiana University’s Bureau of Business Research. Debits since Nov. 19 a tht HOUR and © Ris part of the Excess-Profits Tax Act

dence turned up showing the con- PORKER PRI CE S were 35 per cent above November, 1933. Bonds were firm except U. 8. Gov-|| sell Feldman, New York, re- ||{of 1940 which permits short-term

fusion caused among Japanese in- ernments, which continued under sident. amortization, for tax oses, of the dustrial leaders by our scrap em- l pressure. Commodities were firm, Raves him #9 Writes cost of new plants Ig national bargo. The entire i | L I N. 2 i N WwW 0 R S 'O 'K S with wool tops and cottonseed oil at board of direc- L ] 0 ) new seasonal highs. defense proddction. tors and audi- ~ By UNITED PRESS Strength in stocks reflected 1tt- WHE T PRIG The" fight over amortization was tors of Nippon ae @ et |ing of pressure of British liquida-

DOW-JONES STOCK AVERAGES Ne one of the sharpest of the last ses Iron Manufac- ; HN High Low Close Chay 2 INDUSTR i Low ' Close Change |tion The British agent here has 4 an . with. {lie Treasury : turing Co, | Ja y bbott Lah 53 A= TOdRY «evveererdseesiiasanne JO0A0 0.50 | DAcEAId iiouve 10% A +" 'y,|been selling large amounts of New a Sng Defense Advisory pan’s No. 1 iron Ton Holds at $7.40 Here as |Atme ite os sit Yesterday .......ceeeeeees 18301. S144 [Params Pict 1% 1 York listed stocks to indivduals, and ihe Nationa ahd tee! pro- : Hn Adams xD. = a je Week ARO +..eenssssnsnssese 130.11 +0.60 ara Pio 3 Dp 1 x thus preventing undue pressure on ? Commission disagreeing on several _ ducer, resigned. 2500 Hogs Arr jve at ask Juneai’ 8 Month AKO ......e.eeererocs 13129 +0.96|Parke Davis .. 3 29% the listed market. However, issues re M points. nf $3

The Japanese Year Ago .........i........ 151.19 —0.35 Parker Rst Prt 1 1 whieh spurted yesterday when it was

cabinet is still ods, High 1940-41, 152.80; Low, 111.84. ating Mires. 9 i Amortization is the device by working fran- Stockyal ds A Hizh 1939, 0 RAILROADS | hg To. M2 Va 2 learned le les were Soins Tage Weather, : Inflation, Loans which corporations, in computing tically on a Plan Hog prices were [unchanged at 28.40 to. enn” Coal EC 1h no losss were noted in U. S. Steel, Combine to Boo st taxes, take an annual credit for the jor reorganizing Indianapolis stockyaids today, the

the nation’s yesterday :36 oss pun RE LB 22° 22 Chrysler and General Motors. depreciation of their plants. Ordie

3 ed et : Roger Budrow 1c iron and | Agricultural Marketlly Service re-|Ameraca . Month 40 vrvirersirrers 3100 4050 *83 : ey raters. Lad sali Grain Market. narily this ‘credit against taxable in

on i Month ARO .cecievececceses 27.80 x 8 . ains. Best gains were e - steel industry to meet the new con-| ported. Am Aliiines © Year Ago . 32.25 +0. mim. Ja Ss Sa Sal Eo wap iy CHICAGO, Jan. 4 (U. P.) —Mod- come must be spread ‘over many ditions imposed by the scrap em-! The top price was $7.40 paid for |Am m Bk Note ote of Hien yg Low, 2014 Philling Tet Cs Yi /e 2 highs. Oils were particularly active, erate demand, motivated by fears of |years. But many war-materials barge, A long lis: of lemsmire ud good and choice 220/ to 230-pound- Am Br Stios on ' 15 UTILITIES Pillsbury . 227% A 20 % | Socony-Vacuum featured. in turn- [Possible damage to the winter wheat | ont will be useless, or relatively g ti ) re

P . rs. The Marketing | ervice esfi-|{am car & Fdv TOUAY ..vevessaesnvarscnnss 19.90 ; t 5 8, A =x »,|over. Aviation Corp. was well up on |crop/due to the severe drop in tem- so, when the present emergency

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can be made now only with Crov- ' & F pf 6 Yesterday ...ceeiseesvenss.ee ‘19.96 <0. itts Coal bi.. 42%; 2 | the list of acti th - | peratures, inflation comment, and mated 150 salable cattle, 25 calves, |4m Ca: D y e list of actives on news the com passes. & Am Chain & C Week AZO «eceetrssnnseceess 19.80 3 ii ! A pany was seeking control of New reports of a last-minute rush to Hence, the Act of 1940 provides Other countries followed the ac-|..; 04 today. | IE 810k Houtn Az i : / : tion of U. S. Australia, which was a— A Ev 8 High 1940-31, 26.45: Low. 18.08 “pit 9 prices on the Board of Trade plants. necessary for defense may Dec L8125 3,586 | Am In. 0.71, Bitte Bu ue 2 nearly 1 cent a bushel today and |gmortize the cost in five years; that to the Japanese, has stopped all pce Sg"... i25 9.023 | Am Toto Plymouth Oil.. 18% shipments. British India has em-| Dec. 22 ..- ‘ 15. MOST ACTIVE STOCKS Press Stl Car... 13 closed foiPee. 31.0.0 00 RE : : i Pu May 877% @87%c. Corn wis up * leach of those years. sia has made no move to come tojgi : Hll4s # A 7B 3 (In 100s) High Low Close Change to off “a cent, May 63@62&c;,0ats| The corporation can choose, after the rescue of. the hard-pressed Jan. . : f% 5 i. |Boc Vac .....140 915 9 9% unchanged to up ’'4 cent, May |p,jlding such a plant, whether to x 8 Barrows and Gills | Backing Sows Ro oy 187 js’ — 'Jp|Comw & Sthn 89 3% 3% % Bure Oi 82 8% 8% + | NEW YORK, Jan. 4 (U. P.).—|and soy beans up 1% to% cents, t wish y { A 5 } | Am Rad&sSt.. 83 7 6 8 Pure O 5 pf. .. 864 Va ’ . «PY normal, longer period. If i es , INDIANA STORES reported No-|CGed fo Choice i300 Ge ero. 6. Am Seating... Th 7 : ACT. 3 mu aah National defense demands swelled May 987%c. to amortize quickly, it must obtain 6.00- 6.20 : : 4 ; . 00 17.25- 7.40|Good~ Pars Pict/... 66 113% 11% 11% .. a 31 ..... |highest level since compilation of wheat— | Prev. |Government. : ay Jinn SE 2 20- 1. 8k 3 5:30- 5.85 |Am TS Biect 2 58 W934 WU Ou Revs : [ ;|Statisties_was begun in 1934, irade Hn OW nal 058 oi lose | However, it is provided that after [2 7 .25| 450 500 = 5.40- 5.65 July | H A 20th Cent F.. 56 7's 63 7 8 om Raper 2 A 5 Turnover for the year amounted ot.. 83% 1.82% .82%iY 32% @.82'2 take advantage of five-year amortie stores in the state said that up to : : ; : ; eS- Ne - the end of November their sales Medium . _ M od! Tjond Good |Am Waier W.. 8h Gen Elee .... 53 91% UU 94% "8 |Rep Stl bf... 1007 1939 and a previous high of 966,000 (May .. 83% 62% 830.637 82%[email protected]% jetore rather than after, building Am Woolen pf.’ 5% Std Oil NJ... 45 36% 35% 35% eyn Met 12% crave the previous year. They sacked thas Steers | Bulls ev M cu cv pf baa 94 December amounted to 90,164 tons,| Oats— Defense - officials, it is learned, mounttheir November business (a Choice— |(Y cit ngs excluded) 3 or lf i . 1100-1 0. 1335-14 15/8a 01 ape 4 1 ter than in October 1300- 1300. i 50-14. Jas dtans— 7.50- 7.78 | 4 30% j At

ernment permission. 2500 hogs and 25 sheep were re-|am & i Pwr an Month ARO ....icevvieeeeaee 20.14 .01 | Philco ) s| York Shipbuilding, place wheat under loan, lifted wheat | that corporations building . new the second biggest supplier of scrap | Mop. Receipts Am Home P ’ $0.2 High 1939, 27.10; Low, 20.71. Pitts & W Va. 12 8 : : DEFENSE DEM ANDS jolhe Pest ove singe Nov 38 is, they may subtract one-fifth of the x dy % Ya bargoed pig iron. And as yet Rus- pec 30 1.100. Ey 500 | A ; 3 3 3 Sales Nok cost from their taxable income in Japanese, 8 il a : Cons Ol a a 37%ca; rye up % cent, May 48ca, | amortize over the short route or the vember business 14 per cenBebetter| 140- 160 ~ 6 15- 1.30) 138 5.5 6.10 Aviat Cp .... 82 4% 4% 4% adio 1940 domestic sales of copper to the yr a “certificate of necessity” from the 1 te ant 0 n Int T&T 2 28 We 2% ea silk’ vo So #M 1 Ya © 27% sources disclosed today. May . 5.80% 879) itn “Has Feb. 5, if the corporation wishes to 247 retail indepencen : : rr . A total of 1 p 300- 330 6. : 25( )0 .5.00- 5.75 {Am Tok Gen Motor .., 56 48's 47% 48 eo Mot vtc ... gl : / to 1,110,400 tons, against 804,238 in| Corn— sation it must get this certificate Curt Wr ....48 9% 9% 9% .. evere 7 bf | tons, established in 1936. Sales for|Zep;... 527 52% £2 were running 9 per cent ahead of Slaughter Cattle & Vealers Bectinis, 150) | am Zins Cons Edis 3 id 201, 2234 ’ A joegt.. ih : ail the plant. cess 4 x - A A holce— 1250-14 00! oe * against 85,635 in November. May.. 37% .36% .37) 31% may propose to Congress that this ing to $9,701,463) was 4 per cent bet-| 30-900 $12.50-12.00/8eert "50: 500 # = = Good— Med um. 6.75+ 7.50

5 mn. T A Va ‘ July... .33 33% 327 Stock sales approxinmated 380,000 Richfield ofl 5a "8% .... Prices during 1940 ranged from ! - shares TT De 89,000 in the |Ruperold -..... 0 = 3% 7 [10% cents to 12! cents per pound,|, tv" Be re NEW YORK Curb Exchange an-| 00-1100. 10. = nan. 6.00- €.75 ealers

47% 48 47% lowing a certain time limit, per= nounced today that arrangements |1100-1300..

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ng, short session a week ago. Curb |Fustiess I & S.. y # — %|Connecticut Valley base, delivered. July. [49% 48% de 48 i stock sales were 66,000 shares The low was established July 23 and| Sey Beans— = Bape Sav nb ook — against 208,000 last Saturday. Sway 5 or 131% 11% 1% + jltouched sgain on Aug. 9. The high May. 2e% 2 20% 7 ar 1300-1500. 10.75-13. 4 nnd have been completed for the sale |jedium— Shoice.. 12.50-13. Al of two memberships at the lowest | 730-1100. 825-10. tod] 1 n.30-11.50

= : July.. 97 95% . 95% built. 78 lof 121% cents was made Jan. 18, but Is ot | 7... lat the close of the year all leading Jarges As a matter of fact, only a frac. levels since the Exchange inau-|Common— cull, ... 5.50 750] Atlas Soe : gurated indoor trading in 1921. One| 750-1100. 7.00- 8.35 Feed nar Atias Tack

High Low Close Change - OY local producers were quoting 12 Mar. 21 : : : tion’ of the expected number , of Pr Ink.... .6% Ye 5 5 1% eerie 8 pound, the price established July. 8 8.65 } €.50 manufacturers are taking advil 2 : CU n8Ys TTT% Ti ; seat was priced at $2600 and the Che Steers, Heifers ii Steers i Alston Corp. : other at $2500. The last previous | GHGs, 1) 95.12 75onoicais Poo 2 ald Loco ct.. 1f _ transaction was made on July 17 at | Good— "500-400. 9.25-10.00 :

on Sept. 23. eS ats & tage of the short-term amortizatio! $6900. 500- 750. 9.75-11.25] 80041050. 9:25-10.00 od vi Ag

oto, sis fenton 3. en | FOREIGN EXCHANGE 8 8 2 Heifers 5001 | Boo. 835- 9.35 | Bain TAA Curb Stocks

yellow, 60%c. Oats—No. 3 white, sas he; 1050. 8.25- 8.25 | Bendix Avn ...

ade, hie, ior No. .2 white,| NEW YORK, Jan, 4 (U, P.).—Following Choice— 800: New Orleans Cotton Exchange | 750- 900. 11.25-12.50] IMeditn— Ind Loan...

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Net High Low Close change st. ® Barley Feed, 12@ 520, : England. Spgund) Alum Ltd 73 1 + 2V4|ing, 54@64c, nominal. Field seeds per 100 { Canada ollar) Ro otwithstanding | Medium— 500+ 200. 6.00- 7.25|Blaw-K1 0X .... bert E. Lee Day, notwithst 8 500- 900. 17.75- 9.75] Lalves (steers) Boeing A .

Alum Co Am.. Ags or. 133 «ve. |1bs., nominal—Timothy seed. $4: 2 . | Italy (lir oh) -0505 /8 that it is a legal holiday in Louisi- [common— {Gooti land choice ond stares".

$9.50@12;: fancy red .top, $7.5 d Finland (Markka) .veeeeesassnesse 0215 clover, $8@10; sweet cloxer, $3 0@4. Cash |Switzerland (fTANC) essssarasensss 032114 500- 900. 6.25- 1. 750 500 gown, 9.00-11.00 | Bo ana. Secession? Med in org We: Benes L.

Provisions — Lard, $5.02, nom nal; loose, | Sweden (KYON&) ....seeesesseeses +2385 ® 8 =» Cows 0! gown 8.00-

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Guant . ia 4 /s 3 / a1; 3 ! 3 : : Wheat—Strong: receipts, 1 cirload: No. sl Gi More pt | 1 cee 8 ¢ 6 Ys | Bell Ac... 3 3, 3 1 red, 88@89c; No. 2 red, 87¢88c; No. 1 ‘ = Bliss EW ..... 20% % .... |hard. 86@87c; No.2 hard, 85@86c. : y ge Bi L&P. 4 43% . Corn—S8teady: receipts, i5 carloads: new wars 3

Hack Wat pt A. ss. Now 3 yellow, 57@58%¢; new No. 4 yelHaye 3 low, 55@56%4c¢: white corn n 3@ic over yellow: mixed 1@2%c under Oats—Steady: receipts; 7 carloads: No. 2

white, 37@37%e¢: No. 3 whiter 38sec, 1 | | YX) Soy Beans-—Stirong: receipts, none; Indi- Al ana Yoints, 93@o4e: ® filinois pints, 91@92c. A A

WAGON WHEAT J oP Jisnapolia grain elevators are ‘paying No. 1 whe t

. , 84c; subject to market ¥ R ] det, ew |! 0. 4 mhite Shelled corn, 58c: jy | | | I 1] HM Government Bonds FIRE-CASUALTY v. 8. pr BONDS AUTOMOBILE 1843-41 March... 10834 104.24 104.24 INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

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: 9.0 Good 7.0 0- 5.00 50 Nios (heifers) A ODDS AND ENDS: Aluminum i ia 6.25- 7.00 Good J shorten 0 own. 8.49-10. forgings 10 feet long, 16 inches| common 5.00- 6.25/Meditin—

Canner... 4.00- 5.001 500 down. 7.00- 8.25 re wide and weighing 350 pounds a SEER AND LAMBS (Receipts, 25)

now being made by a 35,000-pound Lambs | | hammer, largest steam hammer in [ood and choice. hoe 3 9.50 10. %

Medium and da: 8.5 the world, at the Aluminum Co. of {Common apd go 7.00. 8 5

“America’s forge shops in Cleveland. Yearling Wey Bers « « . Schenley Distillers Corp. has Good a and choice...... 448%. g spent more than five million dollars Pres tnonstes since 1933 at its Lawrenceburg, Ind. | Good and cheice ir . plant for white oak barrels for Common and medium Hudson Motor ny aging distilled spirits. . . . A saving Hupp Motor .». 11-16

UL * vers pl seen : | Eats - y Rec Inc: 5% of $5000 a year through the reduc- CHICAGO L1V ESTOCK |® 4 esis Bibel’ ¢ : af tion of off-color rejects in enameled Calumet &' H .. 67 ; nw 4 Texas, Corp .... 40% El Bd & 8h 6 pi 83 electric range parts accomplished by |. ns s —aeipte S00 Digs steady LD Canada. Dry. vive Sul 3 . feeding vitamin A to inspectors is weights bid $7: goo ard choice 160- in: Carpenthr sil. reported by Westinghouse Electric |, Biaro8 Ss Shift: sont and chon eo | Sase & Manufacturing Co. at its Mans- | 240cin, averages closed. the Wet. Siisa Ca

7.20; butchery sows sold up t field, O., plant. . . . America’s 30,000 Catto Receipts, 100; dp to” i e.

. , For ! peanut growers—faced with the [or cetie Tower me dia steady gelo * Folds : nu .e BT ie I a eh ol). y pounds—are counting heavies. prime | yearlings, . at i hi h § : on National Peanut Week (Jan. $14. ‘however: anid SE [email protected] - i S i - 1 0 g00 au Tr N 23-29) to entice eustomers into eat lower: oo and choise. Rings 8 cents s ing 50,000 surplus tohs of peanuts. al grades cows Sully 25 cents higher: bull s 3 cents up; hoice we t « « . Five hundred thousand ACIES | cots higher: light i HY leis 50 of farm products are required tio heifers topped for this! tlass 3t, $12. > Cc er cows reach late in we produce a million automobiles, Na- | ;nd* Heavy sausage bulls, $8.25: eek, tional Farm Chemurgic Cduncil heavy vealers, meanwhil# realizing $12.50

estimates. These products include | Sheep Receipts, 1000. For the week — |Sity Stere Tes oo adv cotton, corn, molasses, wool, lum- ont ity I aL at a et 18 bulk | & Coca-Cdla _.....108 ber, plus large quantities of tur-|fng weights up to 109 15¢. and $9.65; me. |C ColgatesF.P ...

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i LT — a 1047-42 savssren: 0 103.3 103.3 / io 1964-44 . 107.28 107.28 107.28 : Home Owners Loan Bales . { 4 : ose ' . '

Clos! 1952-44 vonsens J00EL 19 1 107.21 1947-45 .........102.28 102.28 102.28

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1 joa Joatlings, 88.3500] i cli 33 ee 80 9 Lac clede G .... y : ssse 30 { lede G pi. ‘ 18 18% LOCAL ISSUES [iis Mal He A EL gi 1 Le . Ya The Jollowine Suotations by the Indian. ) Com Inv Tr . a A 1 Bf $ apolis Bond Corp. do not repre- 0" h S80 . 8. i ] sent actual price of offerings, but merely OTHER 1% LSTOCK th & 80. J % rd ag Th m NN, 21 20% = ihdicate fe approximate marke et 2 FT. WAYNE. Jan i. E). Ao . (8 . rey 5 13 rece nt “transactions. selling auoiasions o Steady; 220-240 lbs. 3%

iy Stocks Bid 3 > 0 oko? 15 2 51.20;

* Agents Finance Corp com.... 7% 9 [30 . 33s .. $5.95; SH " | Gons Coopernms 1 & Stk Yds com..... 53 .90; x 0h .85: 150 1bs... $6. = Cons Edison ... 27%

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West Va Coal.. 33s 3 3 — , oi .s “r : Rent a Safe Deposit Fox at | And i in 1% LAFAYETTE, Jan. 4 (C Market | Gont Bak pt « “5% B . 15 ) : 0 . Le 4 4 2 D 1 > : EPAIRED Women’s AL Pid vroan +100 ra 20¢ higher: 180-200 Ibe. ' $6.75 308.50. #500- | Gont-Dia F ...- . Lorillart. ...s.s 18% 1 7 | On, Stares A ot a ; i FOOD PRICES * THE * EFITTED Clothes : L 25. 250 Ibs, $7607.20; 250-31 oi on Cont Ing .... 8% 38 8 2 : CHICAGO. Jan. 4 (U.P). kpplss— INDIANA NATIONAL BANK ORD: 0 pig HT 50° Taino. 2 )@9.50. bade #0 Del "119% 19% | 19% ee 31 won Yams Michigan Jonathans, bu., $1. Cel- ; LEON TAILORING CO. ——— | vadsco Sales. . . 235 Mass, Ave,

e ichigan ‘squares, 40@80c. ' of Indianapolis eran a 50 15¢. ro fl i . po

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[email protected], Lettuce— ‘ ' SF REE [MARILYN FURS |[ rocrne ees, 0 Je Virginian Ry pf 33% 27%. ? Can Be Rented at the New Advance Alum .. Ve Bo cvpf 105% 4

19 or les "6% ‘Bld. LT S04 nt a +s 3 kaa Wes : A Better Fur Coat HAAG'S ALL-NIGHT, Oonior Pub Serv pf : Incorporations For Less Money! DRUG STORE :

Ynion, Tile | on Som 30 ... |Armour 47% Yo. 4% A Ck ro ; 5 re. . 15 : WwW v-103% : fees ria Is rraedeibi4%y ! Zeller .. 15 i soe 13 y 3 Mean,» 8 Hd dn des i + iy wiesioRusnse Bente hint | 2440 No Meridian St ||| 22nd ana ertaan agent, Henry 5 Koenemann aan —— st. Pt. Wa Po $1 par

Crown Zeller pf 34 jenioral nance and discount busi

Bonds den Mfg ... is : : v2 | Crucibi® St .... 47% 46% or y ,) ve American Loan 3s 51.......... 9 ceventon 4% Cruciblz pf / =F : H. fioeneiman , Raymond A. t Girard, ch ord L. Lanni » ¥ Hunting $2.98, $3.98, $4.98 gu Pago foie 3 Quality

can Loan 5s 4 vi OT Ex 2reehaf : 11 : Cub-Ari - Yoke Realt: Co is; dissoluHo oke Realty Co anapolis; dissol ¥ HOSIERY c A LoATticles x Serger vf Smalls Glove £0. ' Genuine Ringless Cs on y non- Ta= t to Mabipeer love Co. Reinforced Heel and Toe Ci

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Cudahy . ration: 2000 shares MILLER-WOHL co: 1 x . Paz Taue 138 E. WASHINGTON ST. 45 E. Wash. RI-2230

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